Document:

Employment Agreement of a Managing Director, dated March 8, 2004

 Exhibit 10.21 
  
 Translation from the German Language 
  
 Employment Agreement of a Managing Director 
  
 between 
  
 Kobusch Folien Verwaltungsgesellschaft mbH 
  
 Anton Böhlenstr. 5 
 D-34414
Warburg/Westphalia 
  
 hereinafter named “Company”

  
 and 
  
 Mr. Hartmut SCHERF 
  
 Weststrasse 2 
 D-49170 Hagen 
  

 1 

 On 8th March 2004 the Shareholders’ Meeting appointed Mr. SCHERF as Managing Director of this Company, effective as of 2nd February 2004. The following Agreement shall govern the contents of this Employment Agreement. 
  
 Section 1 
 Appointment; Scope of
Responsibilities; Representation 
  

	1.	Since 2nd February 2004 Mr. SCHERF has
been acting as Managing Director of our Company at the sites of Warburg and Halle. The scope of responsibilities is shown in detail in the Schedule of Distribution-of-Business Plan for the Management of the Company which can be adapted, at any time,
to the developments of the enterprise and corporate requirements. 

  

	2.	Mr. SCHERF shall represent the Company alone in court and out-of-court and shall be exempted from the restrictions mentioned in section 181 of the German Civil Code. From
attachment no. 1 to this Agreement can be seen for which transactions and measures the Manager/s require/s prior written assent of the Shareholders’ Meeting. The Company reserves the right to appoint further Managers at any time and to
reorganize the system of representation of the Company. 

  

	3.	Mr. SCHERF shall discharge his responsibilities while taking the legal requirements into account, particularly observing the regulations laid down in the German Limited
Companies Act (GmbH-Act), the Statutes of the Company, as well as the Standing Order for the Management as amended, and the instructions and directives given by the shareholders. Without prejudice to section 1 no. 4 Mr. SCHERF shall place his
entire working-time, his professional knowledge, skills and expertise at the Company’s disposal. 

  

	4.	 Upon request of the Company Mr. SCHERF shall also assume responsibilities in other companies affiliated with this Company, particularly the functions of a
Member of the Board, the function of a Manager, the function of a Member of the Supervisory Board or similar 

  

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positions, as far as this is reasonable. The same applies to functions in industrial or professional associations and similar affiliations as far as this
Company has an interest in such an activity. By assuming such responsibilities no further employment agreements shall be created, notwith-standing other agreements made by the Contracting Parties. Upon request of the Shareholders’ Meeting
Mr. SCHERF shall immediately cease any such integrated interlocking relation or office mentioned above, or when leaving the Company, at the latest. Insofar as Mr. SCHERF is paid for assuming such interlocking relationships, 50 percent of
such remunerations shall be treated as compensation under this Employment Agreement. 

  
 Section 2 
 Remuneration 
  

	1.	For his services rendered Mr. SCHERF shall receive 

  

	 	a)	a fixed annual gross salary amounting to € 210,000.00 (say: two hundred and ten thousand euros), payable in twelve equal monthly instalments, each payable at the end of
the month into a bank account indicated by Mr. SCHERF; 

  

	 	b)	an annual Management Bonus due and payable retroactively and amounting to a maximum of €100,000.00. The amount of such bonus shall depend on to what extent certain targets have
been achieved. Such targets shall be determined, in equitable discretion, by the Shareholders’ Meeting held at the beginning of each calendar year. Such Management Bonus shall be due and payable six weeks after approval of the annual Financial
Statements by the Shareholders’ Meeting; 

  

	 	c)	in the calendar year 2004, either a guaranteed Management Bonus of € 25,000.00 independent of the question whether his targets have been achieved, or dependent on the
targets achieved, a Management Bonus, in accordance with section 2 no. 2, lit. b). The method of calculation that is more favourable for Mr. SCHERF shall apply. 

  

	2.	For each and every Financial Year Mr. SCHERF may expect a further supplementary benefit of a maximum of € 50,000.00, should he exceed the targets laid down in section
2 no. 1 lit. b). The Company shall decide in each individual case, in equitable discretion, whether a further supplementary benefit should be paid and what the amount should be. There shall be no legal claim to such voluntary payment.

  

 3 

	3.	The compensation as per aforesaid no. 1 shall represent the complete compensation for all the services rendered in the framework of this Employment Agreement including possible
services rendered outside the customary business hours, which Mr. SCHERF is obliged to provide when this is required for corporate reasons. 

  

	4.	The Company is generally prepared to adjust, in equitable discretion, the remuneration as per section 2 no. 1 lit. a), effective on the first day of the month of March of each year.
However, there shall be no legal claim to such an increase in remuneration. 

  

	5.	The assignment or pledge of remunerations shall require the prior written assent by the Shareholders’ Meeting of the Company. 

  
 Section 3 
 Remuneration-in-Kind; Reimbursement of Expenses 
  

	1.	The Company shall place a passenger car of the BMW range (reference model: 530 diesel) at Mr. SCHERF’S disposal, which he may use for business and private purposes. Taxes
for such monetary benefit from the private use of such car shall be borne by Mr. SCHERF. Details shall be stipulated in an agreement of transfer of possession of motor vehicles. 

  

	2.	Against production of the relative supporting documents, Mr. SCHERF shall be entitled to claim reimbursement of the disbursements and travelling expenses incurred in connection
with the discharge of his official duties in line with the applicable regulations of the Company. The maximum amount of such reimbursements shall be determined by the extent to which such amounts are tax deductible as operating expenses. On
production of his monthly telephone bill Mr. SCHERF shall be entitled to claim reimbursement of the expenses for official telephone calls made from his private telephone or his private cellular phone. 

  

	3.	Any income tax due and payable in connection with benefits-in-kind shall be borne by Mr. SCHERF. 

  

 4 

 Section 4 
 Inability to Perform Services 
 Continued Pay of Remunerations in Case of Sickness, Accident or
Death 
  

	1.	Should he be prevented from rendering his services for some time, Mr. SCHERF shall inform the Shareholders’ Meeting immediately stating the relative reasons.

  

	2.	In the case of a temporary disability to work, caused by sickness, accident or for reasons beyond his control, Mr. SCHERF shall retain his claim to unchanged remuneration as
per section 2 no. 1 lit. a) of this Employment Agreement for an uninterrupted period of not more than six weeks, as long as this Agreement is in force. For a disability that, through no fault of his own, lasts longer than this Period of Continued
Pay of Remunerations, Mr. SCHERF shall be granted, for the period of another 39 weeks, an allowance amounting to the difference between the sickness benefit granted by a government-run or private health insurance organisation, or other benefits
granted by the health, accident or old-age pension funds, on the one hand, and his monthly net remuneration in line with section 2 no. 1 lit. a), but only as long as this Agreement is in force. 

  

	3.	The Management Bonus Claim according to section 2 no. 1 lit. b) and c) shall remain undiminished during the first six week of disability to work. Thereafter the Management Bonus
shall diminish by 1/12 for each month or part thereof, of continued disability to work. 

  

	4.	Should Mr. SCHERF die during the duration of this Agreement, his widow and his children who are entitled to maintenance and have not turned 25 years yet, shall, in their
capacity of joint creditors, be entitled to claim the remuneration according section 2 no. 1 lit a), on a pro-rata-temporis basis, for two months, beginning with the end of the month in which Mr. SCHERF died, but not longer than the point of
time at which the Employment would have come to an end by Notice of Termination of Employment, by Termination of Employment by Mutual Agreement, or by lapse of time. 

  

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 Section 5 
 Vacation 
  
 Mr. SCHERF shall be
entitled to an annual vacation of 30 business days. Business days shall be defined as working days with the exception of Saturdays. The duration of the individual vacation period and the respective date shall be fixed after consultation among the
Managers and by mutual agreement with the Shareholders’ Meeting. Days of vacation pertinent to a specific year shall be taken by and including the 31st March of the following year, otherwise they shall be forfeited. In other respects the provisions of the German Federal Vacation Act shall apply. 
  
 Section 6 
 Insurance Schemes 
  

	1.	This Company shall take out an Accident Insurance Policy in favour of Mr. SCHERF, which shall include accidents occurring in the private sphere and shall pay the following
maximum amounts of compensation to Mr. SCHERF or his heirs: 

  

			
	€25,00.00	  	 in the case of death

	€150,000,00	  	 in the case of disablement.

  
 Claims to those
benefits or further benefits from such insurance contract, e.g. for benefits for a regimen or treatment at a spa, or for salvage costs exist only in compliance with the relevant Insurance Terms and Conditions. The premiums paid by the Company shall
be added to the taxable remuneration. 
  

	2.	This Company shall maintain a reasonable Management Third-Party Liability Insurance (D&O Insurance) for Mr. SCHERF for the period of his appointment as Manager. Such
insurance shall not include claims which Mr. SCHERF may make, directly or indirectly, as claimant against this Company or other affiliated companies. 

  

	3.	Two thirds of the premiums for a reasonable health insurance scheme for Mr. SCHERF shall be borne by this Company. Taxes for such monetary benefit shall be borne by
Mr. SCHERF. 

  

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 Section 7 
 Side-Line Occupations; Prohibition to Compete; Clash of Interests 
  

	1.	Any paid or unpaid side-line occupations shall require the Shareholders’ Meeting’s prior written consent, if they might affect the interests of the Company. The same shall
apply to the assumption of responsibilities as Members of a Supervisory Board, or Advisory Council, or similar bodies of enterprises which are not affiliated with this Company. In case of doubt, the Shareholders’ Meeting shall be consulted
before the assumption of such side-line occupations. Any assumption of a side-line occupation shall be reported to the Shareholders’ Meeting before the assumption of any side-line occupation. 

  

	2.	During the duration of this Employment Agreement Mr. SCHERF shall compete neither with this Company nor its affiliated companies; particularly, he shall neither acquire an
interest in rival firms, nor do business or transactions with such enterprises for his own account or the account of third parties. Such provision shall not apply to investments in corporations listed on the stock exchange, as far as this does not
entail a major influence on this Company. 

  
 In
addition Mr. SCHERF shall carefully observe all insider regulations as amended, introduced by the government and/or this Company. 
  

	3.	In the mutual interest of Mr. SCHERF and this Company, Mr. SCHERF shall immediately report to the Shareholders’ Meeting all potential clashes of interests arising in
connection with his activities. Such provision shall particularly apply when customers, suppliers or other business partners of this Company or any of the affiliated enterprises have a certain affinity to Mr. SCHERF due to their relationship or
personal friendship, or their direct or indirect economic interests. Such disclosure requirements shall not be limited to cases in which such a clash of interests might affect Mr. SCHERF’S activity. It is sufficient that there appears to
be a clash of interests. 

  

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 Section 8 
 Post-contractual Prohibition to Compete 
  

	1.	For a period of 12 months after expiry of this Employment Agreement, Mr. SCHERF shall refrain from acting, directly or indirectly, for an enterprise of the packaging industry or
from operating in the field of manufacturing or distributing packages of all kinds (“Flexible Plastic Packaging Business”) or from setting up an enterprise of this line of business or from taking part in such an enterprise. This provision
shall be limited to the Federal Republic of Germany. For a period of 12 months after expiry of this Employment Agreement Mr. SCHERF shall not take a stake in such an enterprise, unless such investment is solely made as an investment of funds
and does not entail any influence on the Management. This Company shall pay a monthly amount of 50 p.c. of the monthly per-rata-temporis remuneration as per section 2 no. 1 lit a) – c) as a compensation for observing this Prohibition to
Compete. Unless provided otherwise, sections 74 sqq of the German Commercial Code shall apply accordingly; the period of one year stipulated in section 75a of the German Commercial Code shall be reduced to six months. 

  
 The Prohibition to Compete shall become invalid as soon as Mr. SCHERF
turns 65 years, and does not require any specific statement to this effect to become effective. 
  
 Section 9 
 Contract Penalty 
  
 For every single case of violation of the Prohibition to Compete as mentioned in section 7 no. 2 and section 8 of this Agreement,
Mr. SCHERF shall forfeit a contract penalty of € 10,000.00. In the case of continuing violation, particularly when accepting a continuing obligation which interferes with the Prohibition to Compete, a contract penalty shall be
forfeited for every single month in which such anticompetitive violation continues. The Company reserves the right to assert claims for losses which might exceed the sum of the contract penalty. 
  

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 Section 10 
 Non-Disclosure Obligation; 
 Rights of Use and Inventions 
  

	1.	Mr. SCHERF shall maintain silence concerning all business matters of the Company and its affiliated enterprises, which require secrecy and have not been made known in other
ways, and shall not grant access to business documents and records. Such obligation shall continue even after expiry of this Employment Agreement. 

  

	2.	The Company shall have the exclusive right to the work-results in connection with Mr. SCHERF’S activities. Should any of the work-results be protected by copyright,
Mr. SCHERF shall grant this Company the exclusive and unrestricted right of use and enjoyment for all present and future methods of exploitation. Such right of use and enjoyment shall persist beyond the duration of this Employment Agreement.
There shall be no right to separate compensation for the rights of use and enjoyment granted. All claims for the rights of use and enjoyment shall be settled by the remuneration paid under this Employment Agreement. Should the rights of use and
enjoyment represent a particular high value, the Contracting Parties shall be at liberty to agree on a separate compensation. 

  

	3.	The Company shall be entitled to exclusively claim, without any compensation, any inventions and technical suggestions for improvements as well as process techniques, patents,
utility patents, design patents etc. developed by Mr. SCHERF in the context of his Management activity. With the exception of compensations paid to inventors, the German law governing inventions made by employees shall apply.

  
 Section 11 
 Obligation to Restore Corporate Property 
  
 Should he be released from rendering services or on termination of this Agreement of Employment, Mr. SCHERF shall, without being requested to do so, immediately
return all the objects in his possession, which belong to the Company or one of the affiliated enterprises, including all the printed material, notes, deeds and documents as well as all the data stored by means of technical devices including any
copies made thereof. This Obligation to Restore Possession 

  

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shall also, and particularly, extend to the company car as per section 3 no. 1 of this Employment Agreement. A lien on records and documents for the purpose
of section 11 shall be explicitly excluded. The restoration of objects of the Company before termination of this Employment Agreement shall not constitute a claim to compensation for value or damages. On termination of this Employment Agreement
Mr. SCHERF shall declare in writing that the Obligation to Restore Corporate Property has been completely fulfilled. 
  
 Section 12 
 Duration and
Termination of this Employment Agreement 
  

	1.	This Employment Agreement shall come into force on 2nd February 2004 and run for an indefinite period of time. The first six months of employment shall be considered as probation period. During such period this Employment Agreement may be terminated by either Party with one
month’s notice to the end of the month. 

  

	2.	The Employment Agreement, which comes into force on completion of the probation period, may be terminated by either Party with six months’ notice. The right to terminate this
Agreement for cause (section 626 German Civil Code) shall remain unaffected. Should the appointment as Managing Director cease without this Employment Agreement being terminated, Mr. SCHERF shall be released from rendering services during the
remaining life of this Agreement, with pay of the contractual remuneration as per section 2 no. 1 lit. a) , and taking into account any earning made in the meantime. 

  

	3.	 Furthermore, the Company may terminate this Employment Agreement for reasons of continuing disablement, if, during a period of twelve months, Mr. SCHERF has
been unable to work for six months, and if restoration of Mr. SCHERF’S ability to work cannot be expected within twelve months after the beginning of his inability to work. In such a case the notice period shall be six weeks to the end of
the quarter. Disability in this context shall be understood as a situation in which Mr. SCHERF, for reasons of illness or accident, is permanently unable to take on the responsibilities entrusted upon him. In this connection the high degree of
responsibility and the great demands expected of a prominent member of the Executive Board of the Company shall be taken into account. In compliance with this provision, the disability shall be determined by the Shareholders’ Meeting on the
basis of a medical physical examination. 

  

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Mr. SCHERF declares to be willing to agree to such a medical examination and shall authorize the examining doctor to release medical information to the
extent relevant for this Agreement. The examining physician shall be appointed by mutual agreement. If such an agreement cannot be achieved, the examining physician shall be appointed by the President of the Medical Association of Westphalia-Lippe.
Section 12 no. 5 shall remain unaffected. 

  

	4.	To become legally effective the Notice of Termination of this Employment Agreement shall be effected in writing. 

  

	5.	Should the Company have a legitimate interest in doing so, it may release Mr. SCHERF, revocably or irrevocably, at any time, from rendering his services, particularly when
notice has been given by one of the Contracting Parties, with pay of the contractual remuneration as per section 2 no. 1 lit. a). Such irrevocable release shall be effected while taking existing holiday entitlement into account.

  

	6.	This Employment Agreement shall expire on the last day of the month in which Mr. SCHERF turns 65 years, or when Mr. SCHERF is permanently unable to exercise his duties.
(Reduction in earning capacity for the purposes of section 43 paragraph 2 SGB VI) on the last day of the month, in which the reduction in earning capacity has been established by Medical Examiners. At its own expense the Company may have the degree
of the reduction in earning capacity ascertained by obtaining the medical opinion of a medical examiner, which shall be binding on the two Contracting Parties. Concerning the selection of the physician and the authorization to release medical
information, section 12 no. 2 sentences 6 and 7 shall apply accordingly. 

  
 Section 13 
 Pension Scheme 
  
 The Company shall grant Mr. SCHERF a pension. Details can be seen from the separate agreement which has been attached as enclosure no.
2 with this Employment Agreement. 
  

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 Section 14 
 Final Provisions 
  

	1.	This Employment Agreement shall supersede all former agreements about the employment relations between the Contracting Parties. This Agreement shall contain all arrangements made by
the Contracting Parties. There are no subsidiary agreements. 

  

	2.	To be legally effective and valid any modifications of this Agreement shall be in writing. Such provision shall also apply to the cancellation or modification of the requirement
that modifications shall be in writing. 

  

	3.	Should any provision of this Agreement be or become ineffective or invalid, the validity of the other provisions of this Agreement shall remain unaffected. An ineffective provision
shall be replaced by an effective on that comes as closely as possible to the regulation with which the Contracting Parties intended to reach an economic objective in a legally permissible way. 

  

	4.	Mr. SCHERF certifies to have received on this day a copy of this Agreement signed by the two Parties. 

  

							
	21st April 2004	 	21st April 2004
			
	 Kobusch Folien Verwaltungsgesellschaft mbH
 Represented by its Meeting of Shareholders
	 	 	 	 
				
	 	 	(signed)	 	 	 	(signed)
				
	 	 	Peter Lewis	 	 	 	Hartmut Scherf

  

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 Annex to Employment Agreement of a Managing Director 
  
 Between 
  
 Kobusch Folien Verwaltungsgesellschaft mbH,
Anton-Böhlen-Str. 5, D-34414 
 Warburg/Westphalia 
  
 (hereinafter “Company”) 
  
 and 
  
 Mr. Hartmut SCHERF, born on 28th October 1950, Weststr. 2, D-49170 Hagen 
  
 (hereinafter “employee”) 
  
 The following Agreement concerning pensions shall be
concluded: 
  

	1.	The Company shall take out a Direct Insurance Policy (Direktversicherung) for the life of the employee as a form of provision for old-age, occupational disability and
survivors’ social security. 

  

	2.	The assurance benefit shall be based on a contribution of € 25,000.00 per year, which will be fully paid by the Company. 

  

	3.	Details shall be shown in a separate Agreement (Shareholders’ Resolution and Benefits Plan). 

  

							
	Warburg, this	 	Warburg, this
			
	 Kobuch Folien Verwaltungsgesellschaft mbH, represented
 by its Shareholders’ Meeting
	 	 	 	 
				
	 	 	(signed)	 	 	 	(signed)
	 	 	Peter Lewis	 	 	 	Hartmut Scherf

  

 13Noncompetition Agreements

 Exhibit 10.22 
  
 EXECUTION COPY 
  
 NONCOMPETITION AGREEMENT 
  
 AGREEMENT, made as of the 6th day of February, 2006, by and between Pregis Holding I Corporation, a Delaware corporation (the “Company”)
and Vincent P. Langone (“Covenantor”) (the “Agreement”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, Covenantor, by reason of his intimate involvement in the operations and management of the business of the Company, will acquire knowledge and expertise relating to the business and operations of the Company; and 

 
 WHEREAS, Covenantor acknowledges that the Company would not
(i) enter into the two Nonqualified Stock Option Agreements, each dated as of February 6, 2006, between Covenantor and the Company (the “Option Agreements”), or grant the options thereunder, or (ii) enter into the
Employment Agreement, dated as of the date hereof, by and among the Company and its wholly owned subsidiaries, Pregis Holding II Corporation, a Delaware corporation, and Pregis Corporation, a Delaware corporation, and Covenantor (the
“Employment Agreement”), unless Covenantor executes and delivers this Agreement, and wishes to forego his right to compete with the Company and its subsidiaries with respect to the business of the Company and its subsidiaries.

  
 NOW, THEREFORE, in order to induce the Company to enter
into the Option Agreements with Covenantor and to grant the options thereunder, and to enter into the Employment Agreement, and in consideration of the premises and of the mutual covenants and agreements contained herein and in the Option Agreements
and the Employment Agreement, the parties hereto, intending legally to be bound, hereby agree as follows: 
  
 1. Noncompetition; Nonsolicitation. 
  
 (a) Subject to the provisions of Paragraph 1(c), provided that the Company has not materially breached its obligations under the
Employment Agreement or Option Agreements, from and after the date hereof and until eighteen (18) months following the date of Covenantor’s termination of employment from the Company, Covenantor shall not, without the prior written consent
of the Company: 
  
 (i) directly or indirectly,
as a sole proprietor, member of a partnership, stockholder, investor, officer or director of a corporation or other business organization or entity, or as an employee, associate, consultant or agent of any person, partnership, corporation or other
business organization or entity, render any service to (including the making of investments in or otherwise providing capital to) any competitor (or any person or entity that is reasonably anticipated to become a competitor within the term hereof)
of the Company or its subsidiaries, within the geographic areas described in Paragraph 1(b); it being understood that such a person, partnership, corporation or other business organization or entity is in competition with the Company or its
subsidiaries if it is then engaging or planning to engage within the term hereof, itself or through any joint venture, partnership or otherwise, in any business in which (A) the 

 
Company or its subsidiaries (1) have been engaged prior to the date hereof or (2) are presently engaged at the date hereof, or (B) the Company
or its subsidiaries are engaged or have taken steps in preparation to engage during the term hereof; 
  
 (ii) induce or attempt to induce any person or entity which is or was a customer or client of the Company or its subsidiaries, or becomes
a customer or client of the Company or its subsidiaries, to terminate its relationship or otherwise cease doing business in whole or in part with the Company or its subsidiaries; 
  
 (iii) solicit, entice, induce or hire any person who is an employee, or becomes an employee, of the Company
or its subsidiaries to become employed by any other person, firm or corporation or to leave his or her employment with the Company or its subsidiaries, or approach any such employee for such purpose or authorize or knowingly approve the taking of
such actions by any other person; or 
  
 (iv)
interfere with any relationship between the Company or its subsidiaries and any of its or their customers or clients so as to cause harm to the Company or its subsidiaries. 
  
 (b) The restrictions contained in Paragraph 1(a) shall apply in the specific geographic areas and customer
markets within such geographic areas served by the Company or its subsidiaries at any time during the term hereof. 
  
 (c) Nothing in this Paragraph 1 shall prohibit Covenantor from (i) obtaining employment in the protective packaging industry so long
as Covenantor does not violate the terms of this Agreement, (ii) being involved in any capacity in any business that is not in competition with the Company or its subsidiaries, or (iii) investing in the securities of any corporation having
securities listed on a national securities exchange, provided that such investment does not exceed 2% of any class of securities of any corporation engaged in business in competition with the Company or its subsidiaries or affiliates, and provided
that such investment represents a passive investment and that neither Covenantor nor any group of persons including him, in any way, either directly or indirectly, manages or exercises control of any such corporation, guarantees any of its financial
obligations or otherwise takes any part in its business, other than exercising his rights as a shareholder, or seeks to do any of the foregoing. 
  
 2. Non-Disclosure of Confidential Information. Covenantor agrees that on and after the date of this Agreement he shall not, without the
prior written consent of the Company, use for himself or others, or divulge, disclose or make accessible to any other person, firm, partnership, corporation or other entity, any Confidential Information (as defined below) pertaining to the business
of the Company or its subsidiaries or affiliates, except when required to do so by a court of competent jurisdiction, by any governmental agency having supervisory authority over the business of the Company, or by any administrative body or
legislative body (including a committee thereof) with jurisdiction to order Covenantor to divulge, disclose or make accessible such information. All Confidential Information in Covenantor’s possession shall be returned to the Company promptly
following the date of termination of Covenantor’s employment with the Company. The term “Confidential Information” shall mean non-public information concerning the Company or its subsidiaries or affiliates, including, but not
limited 

  

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to, financial data, strategic business plans, product development or other proprietary product data, customer lists, consulting or licensing agreements,
vendor lists, lists of potential customers, pricing and credit techniques, private processes, marketing plans, reports, summaries, analyses or other proprietary information now or hereafter in the possession of Covenantor, except for specific items
which have become publicly available information (other than such items which Covenantor knows have become publicly available through a breach of fiduciary duty or any confidentiality agreement). 
  
 3. Inventions. Covenantor shall promptly, and in any event no
later than one (1) year after termination of his employment with the Company, with respect to Inventions (as defined below) made or conceived by Covenantor during his employment with the Company, either solely or jointly with others, if based
on or related to or connected with the business of the Company or its subsidiaries or affiliates or if the Company’s time, material, facilities or other employees of the Company contributed thereto: 
  
 (a) Fully inform the Company in writing of such Inventions;

  
 (b) Assign, and Covenantor does hereby
assign, to the Company all of Covenantor’s rights to such Inventions, if any, and to applications for letters patent and to letters patent granted upon such Inventions; and 
  
 (c) Acknowledge and deliver to the Company (without charge to Covenantor but at the expense of the Company)
such written instruments and do such other acts as may be reasonably necessary to obtain and maintain letters patent and to vest the entire right and title thereto in the Company or its subsidiaries or affiliates. 
  
 All Inventions, regardless of whether or not they are considered “works
for hire,” shall for all purposes be regarded as acquired and held by Covenantor for the benefit, and shall be the sole and exclusive property, of the Company. The term “Inventions” shall mean discoveries, developments,
improvements or inventions (whether patentable or not) related to the business of the Company or its subsidiaries or affiliates. 
  
 4. Remedy for Certain Breaches. 
  
 (a) Covenantor acknowledges and agrees that the restrictions on his activities under the provisions of Paragraphs 1, 2 and 3 are required
for the reasonable protection of the Company. Covenantor further acknowledges and agrees that a breach of any of those obligations will result in irreparable harm to the Company, for which there would be no adequate remedy at law, and therefore,
Covenantor irrevocably and unconditionally (i) agrees that in addition to any other remedies which the Company may have under this Agreement or otherwise, all of which remedies shall be cumulative, the Company shall be entitled to apply to any
court of competent jurisdiction for preliminary and permanent injunctive relief and other equitable relief, without the necessity of proving actual damage, restraining Covenantor from doing or continuing to do or perform any acts constituting such
breach or threatened breach, (ii) agrees that such relief and any other claim by the Company pursuant hereto may be brought in the United States District Court for the Southern District of New York, or if such court does not have subject matter
jurisdiction or will not accept jurisdiction, in any court of general jurisdiction in the State of New 

  

 3 

 
York, (iii) consents to the non-exclusive jurisdiction of any such court in any such suit, action or proceeding, and (iv) waives any objection
which Covenantor may have to the laying of venue of any such suit, action or proceeding in any such court. 
  
 (b) Covenantor agrees that the existence of any claim or cause of action by Covenantor against the Company, whether predicated on this
Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the provisions of this Agreement. 
  
 5. Nature of Restrictions. Covenantor has carefully considered the nature and extent of the restrictions upon him and the rights and
remedies conferred upon the Company under this Agreement, and hereby acknowledges and agrees that the same are reasonable in time and territory, are designed to eliminate competition which otherwise would be unfair to the Company, do not stifle the
inherent skill and experience of Covenantor, would not operate as a bar to Covenantor’s sole means of support, are fully required to protect the legitimate interests of the Company and do not confer a benefit upon the Company disproportionate
to the detriment to Covenantor. 
  
 6. Warranties.
Covenantor warrants and represents that he has full power and authority to enter into this Agreement for and on behalf of himself and that such act, and the performance of his obligations hereunder, will not conflict with any other agreements or
undertakings to which he is a party or by which he is bound. 
  
 7. Notices. All notices, requests, consents and demands by the parties hereto shall be delivered by hand, by confirmed facsimile transmission, by recognized national overnight courier service or by deposit in the United States
mail, postage prepaid, by registered or certified mail, return receipt requested, addressed to the party to be notified at the addresses set forth below: 
  
 If to Covenantor, to the address identified opposite Covenantor’s name on the signature page attached hereto. 
  
 If to the Company: 
  
 c/o AEA Investors LLC 
 Park Avenue Tower 
 65 East 55th Street 
 New York,
NY 10022 
 Attn: Sanford Krieger 
 Facsimile: (212) 702-0518 
  
 With a copy to:

  
 Fried, Frank, Harris, Shriver and Jacobson LLP 
 One New York Plaza 
 New York, NY 10004

 Attn: Christopher Ewan 
 Facsimile: (212) 859-4000 
  

 4 

 Notices shall be effective immediately upon personal delivery or facsimile transmission, one (1) business day
after deposit with an overnight courier service or three (3) business days after the date of mailing thereof. Other notices shall be deemed given on the date of receipt. Either party hereto may change the address specified herein by written
notice to the other party hereto. 
  
 8. Entire
Agreement. This Agreement cancels and supersedes any and all prior agreements and understandings between the parties hereto with respect to the subject matter hereof other than under and pursuant to the Option Agreements, the Employment
Agreement and the Subscription Agreement, dated as of the date hereof, between Covenantor and the Company. This Agreement, the Option Agreements, the Employment Agreement and the Subscription Agreement constitute the entire agreement between the
parties with respect to the matters herein provided, and no modification or waiver of any provision hereof shall be effective unless in writing and signed by the Company and Covenantor. 
  
 9. Binding Effect. All of the terms and provisions of this Agreement shall be binding upon the parties hereto
and its or his heirs, executors, administrators, legal representatives, successors and assigns, and inure to the benefit of and be enforceable by the Company and its successors and assigns, except that the duties and responsibilities of Covenantor
hereunder are of a personal nature and shall not be assignable or delegable in whole or in part. 
  
 10. Reformation of Agreement; Severability. In the event that any of the provisions of Paragraphs 1, 2 and 3 shall be found by a court of
competent jurisdiction to be invalid or unenforceable to any extent for any reason, such court shall exercise its discretion in reforming such provision(s) to the end that Covenantor shall be subject to nondisclosure, nonsolicitation and
noncompetition covenants that are reasonable under the circumstances and enforceable by the Company. In the event that any other provision of this Agreement or application thereof to anyone or under any circumstance is found to be invalid or
unenforceable in any jurisdiction to any extent for any reason, such invalidity or unenforceability shall not affect any other provision or application of this Agreement which can be given effect without the invalid or unenforceable provision or
application and shall not invalidate or render unenforceable such provision or application in any other jurisdiction. 
  
 11. Remedies; Waiver. No remedy conferred upon the Company by this Agreement is intended to be exclusive of any other remedy, and each and
every such remedy shall be cumulative and shall be in addition to any other remedy given hereunder or now or hereafter existing at law or in equity. No delay or omission by the Company in exercising any right, remedy or power hereunder or existing
at law or in equity shall be construed as a waiver thereof, and any such right, remedy or power may be exercised by the party possessing the same from time to time and as often as may be deemed expedient or necessary by such party in its sole
discretion. 
  
 12. Counterparts. This Agreement may
be executed in several counterparts, each of which is an original and all of which shall constitute one instrument. It shall not be necessary in making proof of this Agreement or any counterpart hereof to produce or account for any of the other
counterparts. 
  

 5 

 13. Governing Law. The validity, interpretation, construction, performance and enforcement
of this Agreement shall be governed by the laws of the State of New York, without application of conflict of laws principles. 
  
 14. Headings. The captions and headings contained in this Agreement are for convenience only and shall not be construed as a part of the
Agreement. 
  
 [signature page follows] 
  

 6 

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

  

											
	PREGIS HOLDING I CORPORATION	 	 	 	 
					
	By:	 	 /s/ Thomas J. Pryma
	 	 	 	 	 	 
	 	 	 Name:
	 	 Thomas J. Pryma
	 	 	 	 	 	 
	 	 	 Title:
	 	 Vice President
	 	 	 	 	 	 

  

					
	COVENANTOR:	 	 	 	 Address:

			
	 /s/ Vincent P. Langone
	 	 	 	 62 Philhower Road

	 Vincent P. Langone
	 	 	 	 Lebanon, NJ 08833

			
	 	 	 	 	 with a copy to:

			
	 	 	 	 	 Torys LLP
 237 Park Avenue
 New York, NY 10017
 Attn: Bradley P. Cost

 EXECUTION COPY 
  
 NONCOMPETITION AGREEMENT 
  
 AGREEMENT, made as of the 30th day of November, 2005 by and among Pregis Holding I Corporation, a Delaware corporation (the “Company”), and James D. Morris (the “Covenantor”) (the “Agreement”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, pursuant to that certain Separation and Consulting Agreement
dated as of the date hereof by and among the Covenantor, the Company and the other parties thereto (the “Separation Agreement”), the Companies (as such term is defined in the Separation Agreement) agreed to retain the Covenantor in
a non-employee capacity following termination of his employment and pay to the Covenantor the Payments and Benefits and Consulting Fee (as such terms are defined in the Separation Agreement); 
  
 WHEREAS, pursuant to the Separation Agreement, the Covenantor will
continue his service as a member of the boards of directors of the Companies, and in consideration for such service the Company will grant the Covenantor an option to acquire shares of its capital stock pursuant to the Option Agreement attached as
Exhibit C to the Separation Agreement (the “Option Agreement”); 
  
 WHEREAS, the Covenantor, by reason of his intimate involvement in the operations and management of the business of the Companies, has acquired knowledge and expertise relating to the business and operations of
the Companies and hereafter will acquire more knowledge and expertise related to the business and operations of the Companies; and 
  
 WHEREAS, the Covenantor acknowledges that the Companies would not have entered into the Separation Agreement and the Company would not have entered
into the Option Agreement unless the Covenantor executes and delivers this Agreement, and wishes to forego his right to compete with the Company and its subsidiaries and affiliates with respect to the business of the Company and its subsidiaries and
affiliates. 
  
 NOW, THEREFORE, in order to induce the
Companies to enter into the Separation Agreement and the Company to enter into the Option Agreement, and in consideration of the premises and of the mutual covenants and agreements contained herein and therein, the parties hereto, intending legally
to be bound, hereby agree as follows: 
  
 1. Noncompetition,
Nonsolicitation. 
  
 (a) Subject to the
provisions of Paragraph 1(c), provided that the Company has not materially breached its obligations under the Separation Agreement or the Option Agreement, from and after the date hereof and until twelve (12) months following the last day that
the Covenantor serves as a director of any of the Companies, the Covenantor shall not, without the prior written consent of the Company: 
  
 (i) directly or indirectly, as a sole proprietor, member of a partnership, stockholder, investor, officer or director of a corporation, or
as an employee, associate, consultant or agent of any person, partnership, corporation or other business organization or 

 
entity, render any service to (including the making of investments in or otherwise providing capital to) any competitor (or any person or entity that is
reasonably anticipated to become a competitor within the term hereof) of the Company or its subsidiaries or affiliates, within the geographic areas described in Paragraph 1(b); it being understood that such a person, partnership, corporation or
other business organization or entity is in competition with the Company or its subsidiaries or affiliates if it is then engaging or planning to engage within the term hereof, itself or through any joint venture, partnership or otherwise, in any
business in which (A) the Company or its subsidiaries or affiliates (1) have been engaged prior to the date hereof or (2) are presently engaged at the date hereof, or (B) the Company or its subsidiaries or affiliates are engaged
or have taken steps in preparation to engage during the term hereof, 
  
 (ii) induce or attempt to induce any person or entity which is or was a customer or client of the Company or its subsidiaries or affiliates, or becomes a customer or client of the Company or its subsidiaries or
affiliates, to terminate its relationship or otherwise cease doing business in whole or in part with the Company or its subsidiaries or affiliates, 
  
 (iii) solicit, entice, induce or hire any person who is an employee, or becomes an employee, of the Company or its subsidiaries or
affiliates to become employed by any other person, firm or corporation or to leave his or her employment with the Company or its subsidiaries or affiliates, or approach any such employee for such purpose or authorize or knowingly approve the taking
of such actions by any other person, or 
  
 (iv)
interfere with any relationship between the Company or its subsidiaries or affiliates and any of its or their customers or clients so as to cause harm to the Company or its subsidiaries or affiliates. 
  
 (b) The restrictions contained in Paragraph 1(a) shall apply
in the specific geographic areas and customer markets within such geographic areas served by the Company or its subsidiaries or affiliates at any time during the term hereof. 
  
 (c) Nothing in this Paragraph 1 shall prohibit Covenantor from (i) obtaining employment in the
protective packaging industry so long as Covenantor does not violate the terms of this Agreement, (ii) engaging in any business that is not in competition with the Company or its subsidiaries or affiliates, or (iii) investing in the
securities of any corporation having securities listed on a national securities exchange, provided that such investment does not exceed 2% of any class of securities of any corporation engaged in business in competition with the Company or its
subsidiaries or affiliates, and provided that such investment represents a passive investment and that neither Covenantor nor any group of persons including him, in any way, either directly or indirectly, manages or exercises control of any such
corporation, guarantees any of its financial obligations or otherwise takes any part in its business, other than exercising his rights as a shareholder, or seeks to do any of the foregoing. 
  
 2. Non-Disclosure of Confidential Information. The Covenantor
agrees that on and after the date of this Agreement he shall not, without the prior written consent of the Company, use for himself or others, or divulge, disclose or make accessible to any other person, firm, partnership, corporation or other
entity, any Confidential Information (as defined below) pertaining to the business of the Company or its subsidiaries or affiliates, except when required 

  

 2 

 
to do so by a court of competent jurisdiction, by any governmental agency having supervisory authority over the business of the Company, or by any
administrative body or legislative body (including a committee thereof) with jurisdiction to order Covenantor to divulge, disclose or make accessible such information. All Confidential Information in Covenantor’s possession shall be returned to
the Company promptly following the date of termination of Covenantor’s employment with the Company. The term “Confidential Information” shall mean non-public information concerning the Company or its subsidiaries or affiliates,
including, but not limited to, financial data, strategic business plans, product development or other proprietary product data, customer lists, consulting or licensing agreements, vendor lists, lists of potential customers, pricing and credit
techniques, private processes, marketing plans, reports, summaries, analyses or other proprietary information now or hereafter in the possession of Covenantor, except for specific items which have become publicly available information (other than
such items which Covenantor knows have become publicly available through a breach of fiduciary duty or any confidentiality agreement). 
  
 3. Inventions. Covenantor shall promptly, and in any event no later than one (1) year after termination of his employment with the
Company, with respect to Inventions (as defined below) made or conceived by Covenantor during his employment with the Company, either solely or jointly with others, if based on or related to or connected with the business of the Company or its
subsidiaries or affiliates or if the Company’s time, material, facilities or other employees of the Company contributed thereto: 
  
 (a) Fully inform the Company in writing of such Inventions; 
  
 (b) Assign, and Covenantor does hereby assign, to the Company all of Covenantor’s rights to such
Inventions, if any, and to applications for letters patent and to letters patent granted upon such Inventions; and 
  
 (c) Acknowledge and deliver to the Company (without charge to Covenantor but at the expense of the Company) such written instruments and
do such other acts as may be reasonably necessary to obtain and maintain letters patent and to vest the entire right and title thereto in the Company or its subsidiaries or affiliates. 
  
 All Inventions, regardless of whether or not they are considered “works for hire,” shall for all purposes be
regarded as acquired and held by Covenantor for the benefit, and shall be the sole and exclusive property, of the Company. The term “Inventions” shall mean discoveries, developments, improvements, or inventions (whether patentable or not)
related to the business of the Company or its subsidiaries or affiliates. 
  
 4. Remedy for Certain Breaches. 
  
 (a) Covenantor acknowledges and agrees that the restrictions on his activities under the provisions of Paragraphs 1, 2 and 3 are required for the reasonable protection of the Company. Covenantor further acknowledges
and agrees that a breach of any of those obligations will result in irreparable harm to the Company, for which there would be no adequate remedy at law, and therefore, Covenantor irrevocably and unconditionally (i) agrees that in addition to
any other remedies which the Company may have under this Agreement or otherwise, all of which 

  

 3 

 
remedies shall be cumulative, the Company shall be entitled to apply to any court of competent jurisdiction for preliminary and permanent injunctive relief
and other equitable relief, without the necessity of proving actual damage, restraining Covenantor from doing or continuing to do or perform any acts constituting such breach or threatened breach, (ii) agrees that such relief and any other
claim by the Company pursuant hereto may be brought in the United States District Court for the Southern District of New York, or if such court does not have subject matter jurisdiction or will not accept jurisdiction, in any court of general
jurisdiction in the State of New York, (iii) consents to the non-exclusive jurisdiction of any such court in any such suit, action or proceeding, and (iv) waives any objection which Covenantor may have to the laying of venue of any such
suit, action or proceeding in any such court. 
  
 (b) Covenantor agrees that the existence of any claim or cause of action by Covenantor against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the
provisions of this Agreement. 
  
 5. Nature of
Restrictions. Covenantor has carefully considered the nature and extent of the restrictions upon him and the rights and remedies conferred upon the Company under this Agreement, and hereby acknowledges and agrees that the same are reasonable
in time and territory, are designed to eliminate competition which otherwise would be unfair to the Company, do not stifle the inherent skill and experience of Covenantor, would not operate as a bar to Covenantor’s sole means of support, are
fully required to protect the legitimate interests of the Company and do not confer a benefit upon the Company disproportionate to the detriment to Covenantor. 
  

6. Warranties. Covenantor warrants and represents that he has full power and authority to enter into this Agreement for and on behalf of
himself and that such act, and the performance of his obligations hereunder, will not conflict with any other agreements or undertakings to which he is a party or by which he is bound. 
  
 7. Notices. All notices, requests, consents and demands by the parties hereto shall be delivered by hand, by
confirmed facsimile transmission, by recognized national overnight courier service or by deposit in the United States mail, postage prepaid, by registered or certified mail, return receipt requested, addressed to the party to be notified at the
addresses set forth below: 
  
 If to Covenantor, to the address
identified opposite Covenantor’s name on the signature page attached hereto. 
  
 If to the Company: 
  
 c/o AEA
Investors LLC 
 Park Avenue Tower 
 65 East 55th Street 
 New York, NY 10022 
 Attn: Sanford Krieger 
 Facsimile: (212) 702-0518 
  

 4 

 With a copy to: 
  

Fried, Frank, Harris, Shriver and Jacobson LLP 
 One New York Plaza 
 New York, NY 10004 
 Attn: Christopher Ewan 
 Facsimile: (212) 859-4000 
  
 Notices shall be effective immediately upon personal delivery or facsimile transmission,
one (1) business day after deposit with an overnight courier service or three (3) business days after the date of mailing thereof. Other notices shall be deemed given on the date of receipt. Either party hereto may change the address
specified herein by written notice to the other party hereto. 
  
 8. Entire Agreement. This Agreement cancels and supersedes any and all prior agreements and understandings between the parties hereto with respect to the obligations of Covenantor other than under and pursuant to the
Separation Agreement and Option Agreement. This Agreement constitutes the entire agreement between the parties with respect to the matters herein provided, and no modification or waiver of any provision hereof shall be effective unless in writing
and signed by the Company and Covenantor. 
  
 9. Binding
Effect. All of the terms and provisions of this Agreement shall be binding upon the parties hereto and its or his heirs, executors, administrators, legal representatives, successors and assigns, and inure to the benefit of and be enforceable
by the Company and its successors and assigns, except that the duties and responsibilities of Covenantor hereunder are of a personal nature and shall not be assignable or delegable in whole or in part. 
  
 10. Reformation of Agreement; Severability. In the event that
any of the provisions of Paragraphs 1, 2 and 3 shall be found by a court of competent jurisdiction to be invalid or unenforceable to any extent for any reason, such court shall exercise its discretion in reforming such provision(s) to the end that
Covenantor shall be subject to nondisclosure, nonsolicitation and noncompetition covenants that are reasonable under the circumstances and enforceable by the Company. In the event that any other provision of this Agreement or application thereof to
anyone or under any circumstance is found to be invalid or unenforceable in any jurisdiction to any extent for any reason, such invalidity or unenforceability shall not affect any other provision or application of this Agreement which can be given
effect without the invalid or unenforceable provision or application and shall not invalidate or render unenforceable such provision or application in any other jurisdiction. 
  
 11. Remedies; Waiver. No remedy conferred upon the Company by this Agreement is intended to be exclusive of
any other remedy, and each and every such remedy shall be cumulative and shall be in addition to any other remedy given hereunder or now or hereafter existing at law or in equity. No delay or omission by the Company in exercising any right, remedy
or power hereunder or existing at law or in equity shall be construed as a waiver thereof, and any such right, remedy or power may be exercised by the party possessing the same from time to time and as often as may be deemed expedient or necessary
by such party in its sole discretion. 
  

 5 

 12. Counterparts. This Agreement may be executed in several counterparts, each of which is
an original and all of which shall constitute one instrument. It shall not be necessary in making proof of this Agreement or any counterpart hereof to produce or account for any of the other counterparts. 
  
 13. Governing Law. The validity, interpretation, construction,
performance and enforcement of this Agreement shall be governed by the laws of the State of New York, without application of conflict of laws principles. 
  
 14. Headings. The captions and headings contained in this Agreement are for convenience only and shall not be construed as a part of the
Agreement. 
  

 6 

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

  

											
	 PREGIS HOLDING I CORPORATION
	 	 	 	 
					
	By	 	 /s/ Thomas J. Pryma
	 	 	 	 	 	 
	 	 	 Name:
	 	 Thomas J. Pryma
	 	 	 	 	 	 
	 	 	 Title:
	 	 President
	 	 	 	 	 	 
			
	 COVENANTOR:
	 	 	 	 Address:

			
	 /s/ James D. Morris
	 	 	 	263 W. Onwentsia Road
	 James D. Morris
	 	 	 	 Lake Forest, IL 60045

 EXECUTION COPY 
  
 NONCOMPETITION AGREEMENT 
  
 AGREEMENT, made as of the 30th day of November, 2005 by and among Pregis Holding I Corporation, a Delaware corporation (the “Company”),
and Kevin Corcoran (the “Covenantor”) (the “Agreement”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, pursuant to that certain Separation Agreement and Release dated as of November 30, 2005, by and among the Company, the Covenantor and the other parties thereto (the “Separation Agreement”), the
Companies (as such term is defined in the Separation Agreement) agreed to pay Covenantor the Separation Benefits and the Retention Bonus (as such terms are defined in the Separation Agreement) in consideration of the Covenantor’s continued
employment with the Companies while the Companies search for, hire and train the Covenantor’s successor; 
  
 WHEREAS, the Covenantor, by reason of his intimate involvement in the operations and management of the business of the Company, has acquired
knowledge and expertise relating to the business and operations of the Company and hereafter will acquire more knowledge and expertise related to the business and operations of the Company; and 
  
 WHEREAS, the Covenantor acknowledges that the Company would not have
entered into the Separation Agreement unless Covenantor executes and delivers this Agreement, and wishes to forego his right to compete with the Company and its subsidiaries and affiliates with respect to the business of the Company and its
subsidiaries and affiliates. 
  
 NOW, THEREFORE, in order
to induce the Company to enter into the Separation Agreement, and in consideration of the premises and of the mutual covenants and agreements contained herein and in the Separation Agreement, the parties hereto, intending legally to be bound, hereby
agree as follows: 
  
 1. Noncompetition;
Nonsolicitation. 
  
 (a) Subject to the
provisions of Paragraph 1(c), provided that the Company has not materially breached its obligations under the Separation Agreement, from and after the date hereof and until one (1) year following the date of the Covenantor’s termination of
employment from the Company, Covenantor shall not, without the prior written consent of the Company: 
  
 (i) directly or indirectly, as a sole proprietor, member of a partnership, stockholder, investor, officer or director of a corporation, or
as an employee, associate, consultant or agent of any person, partnership, corporation or other business organization or entity, render any service to (including the making of investments in or otherwise providing capital to) any competitor (or any
person or entity that is reasonably anticipated to become a competitor within the term hereof) of the Company or its subsidiaries or affiliates, within the geographic areas described in Paragraph 1(b); it being understood that such a person,
partnership, corporation or other business organization or entity is in competition with the Company or its subsidiaries or affiliates if it is then engaging or planning to engage within the 

 
term, itself or through any joint venture, partnership or otherwise, in any business in which (A) the Company or its subsidiaries or affiliates
(1) have been engaged prior to the date hereof or (2) are presently engaged at the date hereof, or (B) the Company or its subsidiaries or affiliates are engaged or have taken steps in preparation to engage during the term hereof,

  
 (ii) induce or attempt to induce any person
or entity which is or was a customer or client of the Company or its subsidiaries or affiliates, or becomes a customer or client of the Company or its subsidiaries or affiliates, to terminate its relationship or otherwise cease doing business in
whole or in part with the Company or its subsidiaries or affiliates, 
  
 (iii) solicit, entice, induce or hire any person who is an employee, or becomes an employee, of the Company or its subsidiaries or affiliates to become employed by any other person, firm or corporation or to leave his
or her employment with the Company or its subsidiaries or affiliates, or approach any such employee for such purpose or authorize or knowingly approve the taking of such actions by any other person, or 
  
 (iv) interfere with any relationship between the Company or
its subsidiaries or affiliates and any of its or their customers or clients so as to cause harm to the Company or its subsidiaries or affiliates. 
  
 (b) The restrictions contained in Paragraph 1(a) shall apply in the specific geographic areas and customer markets within such geographic
areas served by the Company or its subsidiaries or affiliates at any time during the term hereof. 
  
 (c) Nothing in this Paragraph 1 shall prohibit Covenantor from (i) obtaining employment in the protective packaging industry so long
as Covenantor does not violate the terms of this Agreement, (ii) engaging in any business that is not in competition with the Company or its subsidiaries or affiliates, or (iii) investing in the securities of any corporation having
securities listed on a national securities exchange, provided that such investment does not exceed 2% of any class of securities of any corporation engaged in business in competition with the Company or its subsidiaries or affiliates, and provided
that such investment represents a passive investment and that neither Covenantor nor any group of persons including him, in any way, either directly or indirectly, manages or exercises control of any such corporation, guarantees any of its financial
obligations or otherwise takes any part in its business, other than exercising his rights as a shareholder, or seeks to do any of the foregoing. 
  
 2. Non-Disclosure of Confidential Information. The Covenantor agrees that on and after the date of this Agreement he shall not, without the
prior written consent of the Company, use for himself or others, or divulge, disclose or make accessible to any other person, firm, partnership, corporation or other entity, any Confidential Information (as defined below) pertaining to the business
of the Company or its subsidiaries or affiliates, except when required to do so by a court of competent jurisdiction, by any governmental agency having supervisory authority over the business of the Company, or by any administrative body or
legislative body (including a committee thereof) with jurisdiction to order Covenantor to divulge, disclose or make accessible such information. All Confidential Information in Covenantor’s possession shall be returned to the Company promptly
following the date of termination of Covenantor’s employment with the Company. The term “Confidential Information” shall mean non-public 

  

 16 

 
information concerning the Company or its subsidiaries or affiliates, including, but not limited to, financial data, strategic business plans, product
development or other proprietary product data, customer lists, consulting or licensing agreements, vendor lists, lists of potential customers, pricing and credit techniques, private processes, marketing plans, reports, summaries, analyses or other
proprietary information now or hereafter in the possession of Covenantor, except for specific items which have become publicly available information (other than such items which Covenantor knows have become publicly available through a breach of
fiduciary duty or any confidentiality agreement). 
  
 3.
Inventions. Covenantor shall promptly, and in any event no later than one (1) year after termination of his employment with the Company, with respect to Inventions (as defined below) made or conceived by Covenantor during his
employment with the Company, either solely or jointly with others, if based on or related to or connected with the business of the Company or its subsidiaries or affiliates or if the Company’s time, material, facilities or other employees of
the Company contributed thereto: 
  
 (a) Fully
inform the Company in writing of such Inventions; 
  
 (b) Assign, and Covenantor does hereby assign, to the Company all of Covenantor’s rights to such Inventions, if any, and to applications for letters patent and to letters patent granted upon such Inventions; and 
  
 (c) Acknowledge and deliver to the Company (without charge
to Covenantor but at the expense of the Company) such written instruments and do such other acts as may be reasonably necessary to obtain and maintain letters patent and to vest the entire right and title thereto in the Company or its subsidiaries
or affiliates. 
  
 All Inventions, regardless of whether or not
they are considered “works for hire,” shall for all purposes be regarded as acquired and held by Covenantor for the benefit, and shall be the sole and exclusive property, of the Company. The term “Inventions” shall mean
discoveries, developments, improvements, or inventions (whether patentable or not) related to the business of the Company or its subsidiaries or affiliates. 
  
 4. Remedy for Certain Breaches. 
  
 (a) Covenantor acknowledges and agrees that the restrictions on his activities under the provisions of Paragraphs 1, 2 and 3 are required
for the reasonable protection of the Company. Covenantor further acknowledges and agrees that a breach of any of those obligations will result in irreparable harm to the Company, for which there would be no adequate remedy at law, and therefore,
Covenantor irrevocably and unconditionally (i) agrees that in addition to any other remedies which the Company may have under this Agreement or otherwise, all of which remedies shall be cumulative, the Company shall be entitled to apply to any
court of competent jurisdiction for preliminary and permanent injunctive relief and other equitable relief, without the necessity of proving actual damage, restraining Covenantor from doing or continuing to do or perform any acts constituting such
breach or threatened breach, (ii) agrees that such relief and any other claim by the Company pursuant hereto may be brought in the United States District Court for the Southern District of New York, or if such court does not have subject matter

  

 17 

 
jurisdiction or will not accept jurisdiction, in any court of general jurisdiction in the State of New York, (iii) consents to the non-exclusive
jurisdiction of any such court in any such suit, action or proceeding, and (iv) waives any objection which Covenantor may have to the laying of venue of any such suit, action or proceeding in any such court. 
  
 (b) Covenantor agrees that the existence of any claim or
cause of action by Covenantor against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the provisions of this Agreement. 
  
 5. Nature of Restrictions. Covenantor has carefully considered
the nature and extent of the restrictions upon him and the rights and remedies conferred upon the Company under this Agreement, and hereby acknowledges and agrees that the same are reasonable in time and territory, are designed to eliminate
competition which otherwise would be unfair to the Company, do not stifle the inherent skill and experience of Covenantor, would not operate as a bar to Covenantor’s sole means of support, are fully required to protect the legitimate interests
of the Company and do not confer a benefit upon the Company disproportionate to the detriment to Covenantor. 
  
 6. Warranties. Covenantor warrants and represents that he has full power and authority to enter into this Agreement for and on behalf of
himself and that such act, and the performance of his obligations hereunder, will not conflict with any other agreements or undertakings to which he is a party or by which he is bound. 
  
 7. Notices. All notices, requests, consents and demands by the parties hereto shall be delivered by hand, by
confirmed facsimile transmission, by recognized national overnight courier service or by deposit in the United States mail, postage prepaid, by registered or certified mail, return receipt requested, addressed to the party to be notified at the
addresses set forth below: 
  
 If to Covenantor, to the address
identified opposite Covenantor’s name on the signature page attached hereto. 
  
 If to the Company: 
  
 c/o AEA
Investors LLC 
 Park Avenue Tower 
 65 East 55th Street 
 New York, NY 10022 
 Attn: Sanford Krieger 
 Facsimile: (212) 702-0518 
  

 18 

 With a copy to: 
  

Fried, Frank, Harris, Shriver and Jacobson LLP 
 One New York Plaza 
 New York, NY 10004 
 Attn: Christopher Ewan 
 Facsimile: (212) 859-4000 
  
 Notices shall be effective immediately upon personal delivery or facsimile transmission,
one (1) business day after deposit with an overnight courier service or three (3) business days after the date of mailing thereof. Other notices shall be deemed given on the date of receipt. Either party hereto may change the address
specified herein by written notice to the other party hereto. 
  
 8. Entire Agreement. This Agreement cancels and supersedes any and all prior agreements and understandings between the parties hereto with respect to the obligations of Covenantor other than under and pursuant to the
Separation Agreement. This Agreement constitutes the entire agreement between the parties with respect to the matters herein provided, and no modification or waiver of any provision hereof shall be effective unless in writing and signed by the
Company and Covenantor. 
  
 9. Binding Effect. All
of the terms and provisions of this Agreement shall be binding upon the parties hereto and its or his heirs, executors, administrators, legal representatives, successors and assigns, and inure to the benefit of and be enforceable by the Company and
its successors and assigns, except that the duties and responsibilities of Covenantor hereunder are of a personal nature and shall not be assignable or delegable in whole or in part. 
  
 10. Reformation of Agreement; Severability. In the event that any of the provisions of Paragraphs 1, 2 and 3
shall be found by a court of competent jurisdiction to be invalid or unenforceable to any extent for any reason, such court shall exercise its discretion in reforming such provision(s) to the end that Covenantor shall be subject to nondisclosure,
nonsolicitation and noncompetition covenants that are reasonable under the circumstances and enforceable by the Company. In the event that any other provision of this Agreement or application thereof to anyone or under any circumstance is found to
be invalid or unenforceable in any jurisdiction to any extent for any reason, such invalidity or unenforceability shall not affect any other provision or application of this Agreement which can be given effect without the invalid or unenforceable
provision or application and shall not invalidate or render unenforceable such provision or application in any other jurisdiction. 
  
 11. Remedies; Waiver. No remedy conferred upon the Company by this Agreement is intended to be exclusive of any other remedy, and each and
every such remedy shall be cumulative and shall be in addition to any other remedy given hereunder or now or hereafter existing at law or in equity. No delay or omission by the Company in exercising any right, remedy or power hereunder or existing
at law or in equity shall be construed as a waiver thereof, and any such right, remedy or power may be exercised by the party possessing the same from time to time and as often as may be deemed expedient or necessary by such party in its sole
discretion. 
  

 19 

 12. Counterparts. This Agreement may be executed in several counterparts, each of which is
an original and all of which shall constitute one instrument. It shall not be necessary in making proof of this Agreement or any counterpart hereof to produce or account for any of the other counterparts. 
  
 13. Governing Law. The validity, interpretation, construction,
performance and enforcement of this Agreement shall be governed by the laws of the State of New York, without application of conflict of laws principles. 
  
 14. Headings. The captions and headings contained in this Agreement are for convenience only and shall not be construed as a part of the
Agreement. 
  

 20 

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

  

											
	 PREGIS HOLDING I CORPORATION
	 	 	 	 
					
	By	 	 /s/ James D. Morris
	 	 	 	 	 	 
	 	 	 Name:
	 	 James D. Morris
	 	 	 	 	 	 
	 	 	 Title:
	 	 Chief Executive Officer
	 	 	 	 	 	 
			
	 COVENANTOR:
	 	 	 	 Address:

			
	 /s/ Kevin J. Corcoran
	 	 	 	5 Windsong Trail
	 Kevin Corcoran
	 	 	 	 Fairport, NY 14450

 EXECUTION COPY 
  
 NONCOMPETITION AGREEMENT 
  
 AGREEMENT, made as of the 12th day of October, 2005 by and among Pregis Holding I Corporation, a Delaware corporation (the “Company”),
and Andy Brewer (the “Covenantor”) (the “Agreement”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, pursuant to that certain Stock Purchase Agreement dated as of June 23, 2005, by and among PFP Holding II Corporation, a subsidiary of the Company (the “Purchaser”) and the other parties thereto (the
“Stock Purchase Agreement”), the Purchaser acquired all the issued and outstanding shares of capital stock or other equity interests of the companies set forth on Annex A to the Stock Purchase Agreement; 
  
 WHEREAS, the Covenantor, by reason of his intimate involvement in the
operations and management of the business of the Company, has acquired knowledge and expertise relating to the business and operations of the Company and hereafter will acquire more knowledge and expertise related to the business and operations of
the Company; and 
  
 WHEREAS, the Covenantor acknowledges
that (i) the Purchaser would not have entered into the Stock Purchase Agreement, and (ii) the Company would not have entered into the Nonqualified Stock Option Agreement, dated as of October 12, 2005, between the Covenantor and the
Company (the “Option Agreement”) or granted the options thereunder, or entered into the Employment Agreement, dated as of October 12, 2005, by and among the Company, and its wholly owned subsidiaries, Pregis Holding II
Corporation, a Delaware corporation, and Pregis Corporation, a Delaware corporation, and the Covenantor (the “Employment Agreement”), unless Covenantor executes and delivers this Agreement, and wishes to forego his right to compete
with the Company and its subsidiaries and affiliates with respect to the business of the Company and its subsidiaries and affiliates. 
  
 NOW, THEREFORE, in order to induce the Company to enter into the Option Agreement with the Covenantor and to grant the options thereunder and to
enter into the Employment Agreement, and in consideration of the premises and of the mutual covenants and agreements contained herein and in the Option Agreement and the Employment Agreement, the parties hereto, intending legally to be bound, hereby
agree as follows: 
  
 1. Noncompetition,
Nonsolicitation. 
  
 (a) Subject to the
provisions of Paragraph 1(c), provided that the Company has not materially breached its obligations under the Employment Agreement or the Option Agreement, from and after the date hereof and until one (1) year following the date of the
Covenantor’s termination of employment from the Company, Covenantor shall not, without the prior written consent of the Company: 
  
 (i) directly or indirectly, as a sole proprietor, member of a partnership, stockholder, investor, officer or director of a corporation, or
as an employee, associate, consultant or agent of any person, partnership, corporation or other business organization or entity, render any service to (including the making of investments in or otherwise providing 

 
capital to) any competitor (or any person or entity that is reasonably anticipated to become a competitor within the term hereof) of the Company or its
subsidiaries or affiliates, within the geographic areas described in Paragraph 1(b); it being understood that such a person, partnership, corporation or other business organization or entity is in competition with the Company or its subsidiaries or
affiliates if it is then engaging or planning to engage within the term hereof, itself or through any joint venture, partnership or otherwise, in any business in which (A) the Company or its subsidiaries or affiliates (1) have been engaged
prior to the date hereof or (2) are presently engaged at the date hereof, or (B) the Company or its subsidiaries or affiliates are engaged or have taken steps in preparation to engage during the term hereof, 
  
 (ii) induce or attempt to induce any person or entity which
is or was a customer or client of the Company or its subsidiaries or affiliates, or becomes a customer or client of the Company or its subsidiaries or affiliates, to terminate its relationship or otherwise cease doing business in whole or in part
with the Company or its subsidiaries or affiliates, 
  
 (iii) solicit, entice, induce or hire any person who is an employee, or becomes an employee, of the Company or its subsidiaries or affiliates to become employed by any other person, firm or corporation or to leave his or her employment with
the Company or its subsidiaries or affiliates, or approach any such employee for such purpose or authorize or knowingly approve the taking of such actions by any other person, or 
  
 (iv) interfere with any relationship between the Company or its subsidiaries or affiliates and any of its or
their customers or clients so as to cause harm to the Company or its subsidiaries or affiliates. 
  
 (b) The restrictions contained in Paragraph 1(a) shall apply in the specific geographic areas and customer markets within such geographic
areas served by the Company or its subsidiaries or affiliates at any time during the term hereof. 
  
 (c) Nothing in this Paragraph 1 shall prohibit Covenantor from (i) obtaining employment in the protective packaging industry so long
as Covenantor does not violate the terms of this Agreement, (ii) engaging in any business that is not in competition with the Company or its subsidiaries or affiliates, or (iii) investing in the securities of any corporation having
securities listed on a national securities exchange, provided that such investment does not exceed 2% of any class of securities of any corporation engaged in business in competition with the Company or its subsidiaries or affiliates, and provided
that such investment represents a passive investment and that neither Covenantor nor any group of persons including him, in any way, either directly or indirectly, manages or exercises control of any such corporation, guarantees any of its financial
obligations or otherwise takes any part in its business, other than exercising his rights as a shareholder, or seeks to do any of the foregoing. 
  
 2. Non-Disclosure of Confidential Information. The Covenantor agrees that on and after the date of this Agreement he shall not, without the
prior written consent of the Company, use for himself or others, or divulge, disclose or make accessible to any other person, firm, partnership, corporation or other entity, any Confidential Information (as defined below) pertaining to the business
of the Company or its subsidiaries or affiliates, except when required to do so by a court of competent jurisdiction, by any governmental agency having supervisory 

  

 2 

 
authority over the business of the Company, or by any administrative body or legislative body (including a committee thereof) with jurisdiction to order
Covenantor to divulge, disclose or make accessible such information. All Confidential Information in Covenantor’s possession shall be returned to the Company promptly following the date of termination of Covenantor’s employment with the
Company. The term “Confidential Information” shall mean non-public information concerning the Company or its subsidiaries or affiliates, including, but not limited to, financial data, strategic business plans, product development or other
proprietary product data, customer lists, consulting or licensing agreements, vendor lists, lists of potential customers, pricing and credit techniques, private processes, marketing plans, reports, summaries, analyses or other proprietary
information now or hereafter in the possession of Covenantor, except for specific items which have become publicly available information (other than such items which Covenantor knows have become publicly available through a breach of fiduciary duty
or any confidentiality agreement). 
  
 3.
Inventions. Covenantor shall promptly, and in any event no later than one (1) year after termination of his employment with the Company, with respect to Inventions (as defined below) made or conceived by Covenantor during his
employment with the Company, either solely or jointly with others, if based on or related to or connected with the business of the Company or its subsidiaries or affiliates or if the Company’s time, material, facilities or other employees of
the Company contributed thereto: 
  
 (a) Fully
inform the Company in writing of such Inventions; 
  
 (b) Assign, and Covenantor does hereby assign, to the Company all of Covenantor’s rights to such Inventions, if any, and to applications for letters patent and to letters patent granted upon such Inventions; and 
  
 (c) Acknowledge and deliver to the Company (without charge
to Covenantor but at the expense of the Company) such written instruments and do such other acts as may be reasonably necessary to obtain and maintain letters patent and to vest the entire right and title thereto in the Company or its subsidiaries
or affiliates. 
  
 All Inventions, regardless of whether or not
they are considered “works for hire,” shall for all purposes be regarded as acquired and held by Covenantor for the benefit, and shall be the sole and exclusive property, of the Company. The term “Inventions” shall mean
discoveries, developments, improvements, or inventions (whether patentable or not) related to the business of the Company or its subsidiaries or affiliates. 
  
 4. Remedy for Certain Breaches. 
  
 (a) Covenantor acknowledges and agrees that the restrictions on his activities under the provisions of Paragraphs 1, 2 and 3 are required
for the reasonable protection of the Company. Covenantor further acknowledges and agrees that a breach of any of those obligations will result in irreparable harm to the Company, for which there would be no adequate remedy at law, and therefore,
Covenantor irrevocably and unconditionally (i) agrees that in addition to any other remedies which the Company may have under this Agreement or otherwise, all of which remedies shall be cumulative, the Company shall be entitled to apply to any
court of competent 

  

 3 

 
jurisdiction for preliminary and permanent injunctive relief and other equitable relief, without the necessity of proving actual damage, restraining
Covenantor from doing or continuing to do or perform any acts constituting such breach or threatened breach, (ii) agrees that such relief and any other claim by the Company pursuant hereto may be brought in any court of general jurisdiction in
the State of Illinois, (iii) consents to the non-exclusive jurisdiction of any such court in any such suit, action or proceeding, and (iv) waives any objection which Covenantor may have to the laying of venue of any such suit, action or
proceeding in any such court. 
  
 (b) Covenantor
agrees that the existence of any claim or cause of action by Covenantor against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the provisions of this Agreement.

  
 5. Nature of Restrictions. Covenantor has
carefully considered the nature and extent of the restrictions upon him and the rights and remedies conferred upon the Company under this Agreement, and hereby acknowledges and agrees that the same are reasonable in time and territory, are designed
to eliminate competition which otherwise would be unfair to the Company, do not stifle the inherent skill and experience of Covenantor, would not operate as a bar to Covenantor’s sole means of support, are fully required to protect the
legitimate interests of the Company and do not confer a benefit upon the Company disproportionate to the detriment to Covenantor. 
  
 6. Warranties. Covenantor warrants and represents that he has full power and authority to enter into this Agreement for and on behalf of
himself and that such act, and the performance of his obligations hereunder, will not conflict with any other agreements or undertakings to which he is a party or by which he is bound. 
  
 7. Notices. All notices, requests, consents and demands by the parties hereto shall be delivered by hand, by
confirmed facsimile transmission, by recognized national overnight courier service or by deposit in the United States mail, postage prepaid, by registered or certified mail, return receipt requested, addressed to the party to be notified at the
addresses set forth below: 
  
 If to Covenantor, to the address
identified opposite Covenantor’s name on the signature page attached hereto. 
  
 If to the Company: 
  
 c/o AEA
Investors LLC 
 Park Avenue Tower 
 65 East 55th Street 
 New York, NY 10022 
 Attn: Sanford Krieger 
 Facsimile: (212) 702-0518 
  

 4 

 With a copy to: 
  

Fried, Frank, Harris, Shriver and Jacobson LLP 
 One New York Plaza 
 New York, NY 10004 
 Attn: Christopher Ewan 
 Facsimile: (212) 859-4000 
  
 Notices shall be effective immediately upon personal delivery or facsimile transmission,
one (1) business day after deposit with an overnight courier service or three (3) business days after the date of mailing thereof. Other notices shall be deemed given on the date of receipt. Either party hereto may change the address
specified herein by written notice to the other party hereto. 
  
 8. Entire Agreement. This Agreement cancels and supersedes any and all prior agreements and understandings between the parties hereto with respect to the obligations of Covenantor other than under and pursuant to the Option
Agreement and the Employment Agreement. This Agreement constitutes the entire agreement between the parties with respect to the matters herein provided, and no modification or waiver of any provision hereof shall be effective unless in writing and
signed by the Company and Covenantor. 
  
 9. Binding
Effect. All of the terms and provisions of this Agreement shall be binding upon the parties hereto and its or his heirs, executors, administrators, legal representatives, successors and assigns, and inure to the benefit of and be enforceable
by the Company and its successors and assigns, except that the duties and responsibilities of Covenantor hereunder are of a personal nature and shall not be assignable or delegable in whole or in part. 
  
 10. Reformation of Agreement; Severability. In the event that
any of the provisions of Paragraphs 1, 2 and 3 shall be found by a court of competent jurisdiction to be invalid or unenforceable to any extent for any reason, such court shall exercise its discretion in reforming such provision(s) to the end that
Covenantor shall be subject to nondisclosure, nonsolicitation and noncompetition covenants that are reasonable under the circumstances and enforceable by the Company. In the event that any other provision of this Agreement or application thereof to
anyone or under any circumstance is found to be invalid or unenforceable in any jurisdiction to any extent for any reason, such invalidity or unenforceability shall not affect any other provision or application of this Agreement which can be given
effect without the invalid or unenforceable provision or application and shall not invalidate or render unenforceable such provision or application in any other jurisdiction. 
  
 11. Remedies; Waiver. No remedy conferred upon the Company by this Agreement is intended to be exclusive of
any other remedy, and each and every such remedy shall be cumulative and shall be in addition to any other remedy given hereunder or now or hereafter existing at law or in equity. No delay or omission by the Company in exercising any right, remedy
or power hereunder or existing at law or in equity shall be construed as a waiver thereof, and any such right, remedy or power may be exercised by the party possessing the same from 

  

 5 

 
time to time and as often as may be deemed expedient or necessary by such party in its sole discretion. 
  
 12. Counterparts. This Agreement may be executed in several
counterparts, each of which is an original and all of which shall constitute one instrument. It shall not be necessary in making proof of this Agreement or any counterpart hereof to produce or account for any of the other counterparts. 

 
 13. Governing Law. The validity, interpretation,
construction, performance and enforcement of this Agreement shall be governed by the laws of the State of New York, without application of conflict of laws principles. 
  
 14. Headings. The captions and headings contained in this Agreement are for convenience only and shall not be
construed as a part of the Agreement. 
  

 6 

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

  

			
	 PREGIS HOLDING I CORPORATION

		
	 By
	 	 /s/ Thomas J. Pryma 

	 	 	 Name: Thomas J. Pryma

	 	 	 Title:   President

  

					
	 COVENANTOR:
	 	 	 	 Address:

			
	 /s/ Andy Brewer
	 	 	 	 2142 N. Fremont

	 Andy Brewer
	 	 	 	 Chicago, IL 60614

 EXECUTION COPY 
  
 NONCOMPETITION AGREEMENT 
  
 AGREEMENT, made as of the 1st day of December, 2005 by and among Pregis Holding I Corporation, a Delaware corporation (the
“Company”), and Steven C. Huston (the “Covenantor”) (the “Agreement”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Covenantor, by reason of his intimate involvement in the operations and management of the business of the Company, will acquire
knowledge and expertise related to the business and operations of the Company; and 
  
 WHEREAS, the Covenantor acknowledges that the Company would not have entered into the Nonqualified Stock Option Agreement, dated as of December 1, 2005, between the Covenantor and the Company (the
“Option Agreement”) or granted the options thereunder, or entered into the Employment Agreement, dated as of December 1, 2005, by and among the Company, and its wholly owned subsidiaries, Pregis Holding II Corporation, a
Delaware corporation, and Pregis Corporation, a Delaware corporation, and the Covenantor (the “Employment Agreement”), unless Covenantor executes and delivers this Agreement, and wishes to forego his right to compete with the
Company and its subsidiaries and affiliates with respect to the business of the Company and its subsidiaries and affiliates. 
  
 NOW, THEREFORE, in order to induce the Company to enter into the Option Agreement with the Covenantor and to grant the options thereunder and to
enter into the Employment Agreement, and in consideration of the premises and of the mutual covenants and agreements contained herein and in the Option Agreement and the Employment Agreement, the parties hereto, intending legally to be bound, hereby
agree as follows: 
  
 1. Noncompetition;
Nonsolicitation. 
  
 (a) Subject to the
provisions of Paragraph 1(c), provided that the Company has not materially breached its obligations under the Employment Agreement or the Option Agreement, from and after the date hereof and until one (1) year following the date of the
Covenantor’s termination of employment from the Company, Covenantor shall not, without the prior written consent of the Company: 
  
 (i) directly or indirectly, as a sole proprietor, member of a partnership, stockholder, investor, officer or director of a corporation, or
as an employee, associate, consultant or agent of any person, partnership, corporation or other business organization or entity, render any service to (including the making of investments in or otherwise providing capital to) any competitor (or any
person or entity that is reasonably anticipated to become a competitor within the term hereof) of the Company or its subsidiaries or affiliates, within the geographic areas described in Paragraph 1(b); it being understood that such a person,
partnership, corporation or other business organization or entity is in competition with the Company or its subsidiaries or affiliates if it is then engaging or planning to engage within the term hereof, itself or through any joint venture,
partnership or otherwise, in any business in 

 
which (A) the Company or its subsidiaries or affiliates (1) have been engaged prior to the date hereof or (2) are presently engaged at the
date hereof, or (B) the Company or its subsidiaries or affiliates are engaged or have taken steps in preparation to engage during the term hereof, 
  
 (ii) induce or attempt to induce any person or entity which is or was a customer or client of the Company or its subsidiaries or
affiliates, or becomes a customer or client of the Company or its subsidiaries or affiliates, to terminate its relationship or otherwise cease doing business in whole or in part with the Company or its subsidiaries or affiliates, 
  
 (iii) solicit, entice, induce or hire any person who is an
employee, or becomes an employee, of the Company or its subsidiaries or affiliates to become employed by any other person, firm or corporation or to leave his or her employment with the Company or its subsidiaries or affiliates, or approach any such
employee for such purpose or authorize or knowingly approve the taking of such actions by any other person, or 
  
 (iv) interfere with any relationship between the Company or its subsidiaries or affiliates and any of its or their customers or clients so
as to cause harm to the Company or its subsidiaries or affiliates. 
  
 (b) The restrictions contained in Paragraph 1(a) shall apply in the specific geographic areas and customer markets within such geographic areas served by the Company or its subsidiaries or affiliates at any time
during the term hereof. 
  
 (c) Nothing in this
Paragraph 1 shall prohibit Covenantor from (i) obtaining employment in the protective packaging industry so long as Covenantor does not violate the terms of this Agreement, (ii) engaging in any business that is not in competition with the
Company or its subsidiaries or affiliates, or (iii) investing in the securities of any corporation having securities listed on a national securities exchange, provided that such investment does not exceed 2% of any class of securities of any
corporation engaged in business in competition with the Company or its subsidiaries or affiliates, and provided that such investment represents a passive investment and that neither Covenantor nor any group of persons including him, in any way,
either directly or indirectly, manages or exercises control of any such corporation, guarantees any of its financial obligations or otherwise takes any part in its business, other than exercising his rights as a shareholder, or seeks to do any of
the foregoing. 
  
 2. Non-Disclosure of Confidential
Information. The Covenantor agrees that on and after the date of this Agreement he shall not, without the prior written consent of the Company, use for himself or others, or divulge, disclose or make accessible to any other person, firm,
partnership, corporation or other entity, any Confidential Information (as defined below) pertaining to the business of the Company or its subsidiaries or affiliates, except when required to do so by a court of competent jurisdiction, by any
governmental agency having supervisory authority over the business of the Company, or by any administrative body or legislative body (including a committee thereof) with jurisdiction to order Covenantor to divulge, disclose or make accessible such
information. All Confidential Information in Covenantor’s possession shall be returned to the Company promptly following the date of termination of Covenantor’s employment with the Company. The term “Confidential Information”
shall mean non-public information concerning the Company or its subsidiaries or affiliates, including, but not limited 

  

 2 

 
to, financial data, strategic business plans, product development or other proprietary product data, customer lists, consulting or licensing agreements,
vendor lists, lists of potential customers, pricing and credit techniques, private processes, marketing plans, reports, summaries, analyses or other proprietary information now or hereafter in the possession of Covenantor, except for specific items
which have become publicly available information (other than such items which Covenantor knows have become publicly available through a breach of fiduciary duty or any confidentiality agreement). 
  
 3. Inventions. Covenantor shall promptly, and in any event
no later than one (1) year after termination of his employment with the Company, with respect to Inventions (as defined below) made or conceived by Covenantor during his employment with the Company, either solely or jointly with others, if
based on or related to or connected with the business of the Company or its subsidiaries or affiliates or if the Company’s time, material, facilities or other employees of the Company contributed thereto: 
  
 (a) Fully inform the Company in writing of such Inventions;

  
 (b) Assign, and Covenantor does hereby
assign, to the Company all of Covenantor’s rights to such Inventions, if any, and to applications for letters patent and to letters patent granted upon such Inventions; and 
  
 (c) Acknowledge and deliver to the Company (without charge to Covenantor but at the expense of the Company)
such written instruments and do such other acts as may be reasonably necessary to obtain and maintain letters patent and to vest the entire right and title thereto in the Company or its subsidiaries or affiliates. 
  
 All Inventions, regardless of whether or not they are considered “works
for hire,” shall for all purposes be regarded as acquired and held by Covenantor for the benefit, and shall be the sole and exclusive property, of the Company. The term “Inventions” shall mean discoveries, developments, improvements,
or inventions (whether patentable or not) related to the business of the Company or its subsidiaries or affiliates. 
  
 4. Remedy for Certain Breaches. 
  
 (a) Covenantor acknowledges and agrees that the restrictions on his activities under the provisions of Paragraphs 1, 2 and 3 are required
for the reasonable protection of the Company. Covenantor further acknowledges and agrees that a breach of any of those obligations will result in irreparable harm to the Company, for which there would be no adequate remedy at law, and therefore,
Covenantor irrevocably and unconditionally (i) agrees that in addition to any other remedies which the Company may have under this Agreement or otherwise, all of which remedies shall be cumulative, the Company shall be entitled to apply to any
court of competent jurisdiction for preliminary and permanent injunctive relief and other equitable relief, without the necessity of proving actual damage, restraining Covenantor from doing or continuing to do or perform any acts constituting such
breach or threatened breach, (ii) agrees that such relief and any other claim by the Company pursuant hereto may be brought in the United States District Court for the Southern District of New York, or if such court does not have subject matter
jurisdiction or will not accept jurisdiction, in any court of general jurisdiction in the State of New 

  

 3 

 
York, (iii) consents to the non-exclusive jurisdiction of any such court in any such suit, action or proceeding, and (iv) waives any objection
which Covenantor may have to the laying of venue of any such suit, action or proceeding in any such court. 
  
 (b) Covenantor agrees that the existence of any claim or cause of action by Covenantor against the Company, whether predicated on this
Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the provisions of this Agreement. 
  
 5. Nature of Restrictions. Covenantor has carefully considered the nature and extent of the restrictions upon him and the rights and
remedies conferred upon the Company under this Agreement, and hereby acknowledges and agrees that the same are reasonable in time and territory, are designed to eliminate competition which otherwise would be unfair to the Company, do not stifle the
inherent skill and experience of Covenantor, would not operate as a bar to Covenantor’s sole means of support, are fully required to protect the legitimate interests of the Company and do not confer a benefit upon the Company disproportionate
to the detriment to Covenantor. 
  
 6. Warranties.
Covenantor warrants and represents that he has full power and authority to enter into this Agreement for and on behalf of himself and that such act, and the performance of his obligations hereunder, will not conflict with any other agreements or
undertakings to which he is a party or by which he is bound. 
  
 7. Notices. All notices, requests, consents and demands by the parties hereto shall be delivered by hand, by confirmed facsimile transmission, by recognized national overnight courier service or by deposit in the United States
mail, postage prepaid, by registered or certified mail, return receipt requested, addressed to the party to be notified at the addresses set forth below: 
  
 If to Covenantor, to the address identified opposite Covenantor’s name on the signature page attached hereto. 
  
 If to the Company: 
  
 c/o AEA Investors LLC 
 Park Avenue Tower 
 65 East 55th Street 
 New York,
NY 10022 
 Attn: Sanford Krieger 
 Facsimile: (212) 702-0518 
  
 With a copy to:

  
 Fried, Frank, Harris, Shriver and Jacobson LLP 
 One New York Plaza 
 New York, NY 10004

 Attn: Christopher Ewan 
 Facsimile: (212) 859-4000 
  

 4 

 Notices shall be effective immediately upon personal delivery or facsimile transmission, one (1) business day
after deposit with an overnight courier service or three (3) business days after the date of mailing thereof. Other notices shall be deemed given on the date of receipt. Either party hereto may change the address specified herein by written
notice to the other party hereto. 
  
 8. Entire
Agreement. This Agreement cancels and supersedes any and all prior agreements and understandings between the parties hereto with respect to the obligations of Covenantor other than under and pursuant to the Option Agreement and the
Employment Agreement. This Agreement constitutes the entire agreement between the parties with respect to the matters herein provided, and no modification or waiver of any provision hereof shall be effective unless in writing and signed by the
Company and Covenantor. 
  
 9. Binding Effect. All
of the terms and provisions of this Agreement shall be binding upon the parties hereto and its or his heirs, executors, administrators, legal representatives, successors and assigns, and inure to the benefit of and be enforceable by the Company and
its successors and assigns, except that the duties and responsibilities of Covenantor hereunder are of a personal nature and shall not be assignable or delegable in whole or in part. 
  
 10. Reformation of Agreement; Severability. In the event that any of the provisions of Paragraphs 1, 2 and 3
shall be found by a court of competent jurisdiction to be invalid or unenforceable to any extent for any reason, such court shall exercise its discretion in reforming such provision(s) to the end that Covenantor shall be subject to nondisclosure,
nonsolicitation and noncompetition covenants that are reasonable under the circumstances and enforceable by the Company. In the event that any other provision of this Agreement or application thereof to anyone or under any circumstance is found to
be invalid or unenforceable in any jurisdiction to any extent for any reason, such invalidity or unenforceability shall not affect any other provision or application of this Agreement which can be given effect without the invalid or unenforceable
provision or application and shall not invalidate or render unenforceable such provision or application in any other jurisdiction. 
  
 11. Remedies; Waiver. No remedy conferred upon the Company by this Agreement is intended to be exclusive of any other remedy, and each and
every such remedy shall be cumulative and shall be in addition to any other remedy given hereunder or now or hereafter existing at law or in equity. No delay or omission by the Company in exercising any right, remedy or power hereunder or existing
at law or in equity shall be construed as a waiver thereof, and any such right, remedy or power may be exercised by the party possessing the same from time to time and as often as may be deemed expedient or necessary by such party in its sole
discretion. 
  
 12. Counterparts. This Agreement may
be executed in several counterparts, each of which is an original and all of which shall constitute one instrument. It shall not be necessary in making proof of this Agreement or any counterpart hereof to produce or account for any of the other
counterparts. 
  

 5 

 13. Governing Law. The validity, interpretation, construction, performance and enforcement
of this Agreement shall be governed by the laws of the State of New York, without application of conflict of laws principles. 
  
 14. Headings. The captions and headings contained in this Agreement are for convenience only and shall not be construed as a part of the
Agreement. 
  
 [signature page follows] 
  

 6 

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

  

			
	 PREGIS HOLDING I CORPORATION

		
	 By
	 	 /s/ Thomas J. Pryma

	 	 	 Name: Thomas J. Pryma

	 	 	 Title:   President

  

					
	COVENANTOR:	 	 	 	 Address:

			
	 /s/ Steven C. Huston
	 	 	 	 2209 W. Erie St.

	 Steven C. Huston
	 	 	 	 Chicago, IL 60612

  

 7 

 EXECUTION COPY 
  
 NONCOMPETITION AGREEMENT 
  
 AGREEMENT, made as of the 12th day of October, 2005 by and among Pregis Holding I Corporation, a Delaware corporation (the “Company”),
Hexacomb Corporation, an Illinois corporation (“Hexacomb”) and C. William McBee (the “Covenantor”) (the “Agreement”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, pursuant to that certain Stock Purchase Agreement dated as of June 23, 2005, by and among PFP Holding II Corporation, a subsidiary of
the Company (the “Purchaser”) and the other parties thereto (the “Stock Purchase Agreement”), the Purchaser acquired all the issued and outstanding shares of capital stock or other equity interests of the companies
set forth on Annex A to the Stock Purchase Agreement; 
  
 WHEREAS, the Covenantor, by reason of his intimate involvement in the operations and management of the business of the Company and its subsidiaries and affiliates, has acquired knowledge and expertise relating to the business and
operations of the Company and its subsidiaries and affiliates and hereafter will acquire more knowledge and expertise related to the business and operations of the Company and its subsidiaries and affiliates; and 
  
 WHEREAS, the Covenantor acknowledges that (i) the Purchaser would
not have entered into the Stock Purchase Agreement, and (ii) the Company would not have entered into the Nonqualified Stock Option Agreement, dated as of October 12, 2005, between the Covenantor and the Company (the “Option
Agreement”) or granted the options thereunder, or entered into the Employment Agreement, dated as of October 12, 2005, by and among the Company, and its wholly owned subsidiaries, Pregis Holding II Corporation, a Delaware corporation,
and Pregis Corporation, a Delaware corporation, and the Covenantor (the “Employment Agreement”), unless Covenantor executes and delivers this Agreement, and wishes to forego his right to compete with the Company and its subsidiaries
and affiliates with respect to the business of Hexacomb. 
  
 NOW, THEREFORE, in order to induce the Company to enter into the Option Agreement with the Covenantor and to grant the options thereunder and to enter into the Employment Agreement, and in consideration of the premises and of the
mutual covenants and agreements contained herein and in the Option Agreement and the Employment Agreement, the parties hereto, intending legally to be bound, hereby agree as follows: 
  
 1. Noncompetition, Nonsolicitation. 
  
 (a) Subject to the provisions of Paragraph 1(c), provided that the Company has not materially breached its
obligations under the Employment Agreement or the Option Agreement, from and after the date hereof and until one (1) year following the date of the Covenantor’s termination of employment from the Company, Covenantor shall not, without the
prior written consent of the Company: 
  
 (i)
directly or indirectly, as a sole proprietor, member of a partnership, stockholder, investor, officer or director of a corporation, or as an employee, associate, consultant or agent of any person, partnership, corporation or other business
organization or 

 
entity, render any service to (including the making of investments in or otherwise providing capital to) any competitor (or any person or entity that is
reasonably anticipated to become a competitor within the term hereof) of Hexacomb, within the geographic areas described in Paragraph 1(b); it being understood that such a person, partnership, corporation or other business organization or entity is
in competition with Hexacomb if it is then engaging or planning to engage within the term hereof, itself or through any joint venture, partnership or otherwise, in any business in which (A) Hexacomb (1) has been engaged prior to the date
hereof or (2) is presently engaged at the date hereof, or (B) Hexacomb is engaged or has taken steps in preparation to engage during the term hereof, 
  

(ii) induce or attempt to induce any person or entity which is or was a customer or client of the Company or its subsidiaries or
affiliates, or becomes a customer or client of the Company or its subsidiaries or affiliates, to terminate its relationship or otherwise cease doing business in whole or in part with the Company or its subsidiaries or affiliates, 
  
 (iii) solicit, entice, induce or hire any person who is an
employee, or becomes an employee, of the Company or its subsidiaries or affiliates to become employed by any other person, firm or corporation or to leave his or her employment with the Company or its subsidiaries or affiliates, or approach any such
employee for such purpose or authorize or knowingly approve the taking of such actions by any other person, or 
  
 (iv) interfere with any relationship between the Company or its subsidiaries or affiliates and any of its or their customers or clients so
as to cause harm to the Company or its subsidiaries or affiliates. 
  
 (b) The restrictions contained in Paragraph 1(a)(i) shall apply in the specific geographic areas and customer markets within such geographic areas served by Hexacomb at any time during the term hereof. 
  
 (c) Nothing in this Paragraph 1 shall prohibit Covenantor
from (i) obtaining employment in the protective packaging industry so long as Covenantor does not violate the terms of this Agreement, (ii) engaging in any business that is not in competition with Hexacomb, or (iii) investing in the
securities of any corporation having securities listed on a national securities exchange, provided that such investment does not exceed 2% of any class of securities of any corporation engaged in business in competition with Hexacomb, and provided
that such investment represents a passive investment and that neither Covenantor nor any group of persons including him, in any way, either directly or indirectly, manages or exercises control of any such corporation, guarantees any of its financial
obligations or otherwise takes any part in its business, other than exercising his rights as a shareholder, or seeks to do any of the foregoing. 
  
 2. Non-Disclosure of Confidential Information. The Covenantor agrees that on and after the date of this Agreement he shall not, without the
prior written consent of the Company, use for himself or others, or divulge, disclose or make accessible to any other person, firm, partnership, corporation or other entity, any Confidential Information (as defined below) pertaining to the business
of the Company or its subsidiaries or affiliates, except when required to do so by a court of competent jurisdiction, by any governmental agency having supervisory authority over the business of the Company, or by any administrative body or
legislative body 

  

 2 

 
(including a committee thereof) with jurisdiction to order Covenantor to divulge, disclose or make accessible such information. All Confidential Information
in Covenantor’s possession shall be returned to the Company promptly following the date of termination of Covenantor’s employment with the Company. The term “Confidential Information” shall mean non-public information concerning
the Company or its subsidiaries or affiliates, including, but not limited to, financial data, strategic business plans, product development or other proprietary product data, customer lists, consulting or licensing agreements, vendor lists, lists of
potential customers, pricing and credit techniques, private processes, marketing plans, reports, summaries, analyses or other proprietary information now or hereafter in the possession of Covenantor, except for specific items which have become
publicly available information (other than such items which Covenantor knows have become publicly available through a breach of fiduciary duty or any confidentiality agreement). 
  
 3. Inventions. Covenantor shall promptly, and in any event no later than one (1) year after termination
of his employment with the Company, with respect to Inventions (as defined below) made or conceived by Covenantor during his employment with the Company, either solely or jointly with others, if based on or related to or connected with the business
of the Company or its subsidiaries or affiliates or if the Company’s time, material, facilities or other employees of the Company contributed thereto: 
  
 (a) Fully inform the Company in writing of such Inventions; 
  
 (b) Assign, and Covenantor does hereby assign, to the Company all of Covenantor’s rights to such
Inventions, if any, and to applications for letters patent and to letters patent granted upon such Inventions; and 
  
 (c) Acknowledge and deliver to the Company (without charge to Covenantor but at the expense of the Company) such written instruments and
do such other acts as may be reasonably necessary to obtain and maintain letters patent and to vest the entire right and title thereto in the Company or its subsidiaries or affiliates. 
  
 All Inventions, regardless of whether or not they are considered “works for hire,” shall for all purposes be
regarded as acquired and held by Covenantor for the benefit, and shall be the sole and exclusive property, of the Company. The term “Inventions” shall mean discoveries, developments, improvements, or inventions (whether patentable or not)
related to the business of the Company or its subsidiaries or affiliates. 
  
 4. Remedy for Certain Breaches. 
  
 (a) Covenantor acknowledges and agrees that the restrictions on his activities under the provisions of Paragraphs 1, 2 and 3 are required for the reasonable protection of the Company and Hexacomb. Covenantor further
acknowledges and agrees that a breach of any of those obligations will result in irreparable harm to the Company and Hexacomb, for which there would be no adequate remedy at law, and therefore, Covenantor irrevocably and unconditionally
(i) agrees that in addition to any other remedies which the Company or Hexacomb may have under this Agreement or otherwise, all of which remedies shall be cumulative, the Company and Hexacomb shall be entitled to apply to any court of competent
jurisdiction for preliminary and 

  

 3 

 
permanent injunctive relief and other equitable relief, without the necessity of proving actual damage, restraining Covenantor from doing or continuing to do
or perform any acts constituting such breach or threatened breach, (ii) agrees that such relief and any other claim by the Company or Hexacomb pursuant hereto may be brought in the United States District Court for the Southern District of New
York, or if such court does not have subject matter jurisdiction or will not accept jurisdiction, in any court of general jurisdiction in the State of New York, (iii) consents to the non-exclusive jurisdiction of any such court in any such
suit, action or proceeding, and (iv) waives any objection which Covenantor may have to the laying of venue of any such suit, action or proceeding in any such court. 
  
 (b) Covenantor agrees that the existence of any claim or cause of action by Covenantor against the Company
or Hexacomb, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company or Hexacomb of the provisions of this Agreement; provided, that material breach by the Company of its obligations
under the Employment Agreement may constitute a defense to the enforcement by the Company of the provisions of this Agreement. 
  
 5. Nature of Restrictions. Covenantor has carefully considered the nature and extent of the restrictions upon him and the rights and
remedies conferred upon the Company under this Agreement, and hereby acknowledges and agrees that the same are reasonable in time and territory, are designed to eliminate competition which otherwise would be unfair to the Company, do not stifle the
inherent skill and experience of Covenantor, would not operate as a bar to Covenantor’s sole means of support, are fully required to protect the legitimate interests of the Company and do not confer a benefit upon the Company disproportionate
to the detriment to Covenantor. 
  
 6. Warranties.
Covenantor warrants and represents that he has full power and authority to enter into this Agreement for and on behalf of himself and that such act, and the performance of his obligations hereunder, will not conflict with any other agreements or
undertakings to which he is a party or by which he is bound. 
  
 7. Notices. All notices, requests, consents and demands by the parties hereto shall be delivered by hand, by confirmed facsimile transmission, by recognized national overnight courier service or by deposit in the United States
mail, postage prepaid, by registered or certified mail, return receipt requested, addressed to the party to be notified at the addresses set forth below: 
  
 If to Covenantor, to the address identified opposite Covenantor’s name on the signature page attached hereto. 
  
 If to the Company or Hexacomb: 
  
 c/o AEA Investors LLC 
 Park Avenue Tower 
 65 East 55th Street 
 New York,
NY 10022 
 Attn: Sanford Krieger 
 Facsimile: (212) 702-0518 
  

 4 

 With a copy to: 
  

Fried, Frank, Harris, Shriver and Jacobson LLP 
 One New York Plaza 
 New York, NY 10004 
 Attn: Christopher Ewan 
 Facsimile: (212) 859-4000 
  
 Notices shall be effective immediately upon personal delivery or facsimile transmission,
one (1) business day after deposit with an overnight courier service or three (3) business days after the date of mailing thereof. Other notices shall be deemed given on the date of receipt. Either party hereto may change the address
specified herein by written notice to the other party hereto. 
  
 8. Entire Agreement. This Agreement cancels and supersedes any and all prior agreements and understandings between the parties hereto with respect to the obligations of Covenantor other than under and pursuant to the Option
Agreement and the Employment Agreement. This Agreement constitutes the entire agreement between the parties with respect to the matters herein provided, and no modification or waiver of any provision hereof shall be effective unless in writing and
signed by the parties hereto. 
  
 9. Binding Effect.
All of the terms and provisions of this Agreement shall be binding upon the parties hereto and its, their or his heirs, executors, administrators, legal representatives, successors and assigns, and inure to the benefit of and be enforceable by the
Company and Hexacomb and their successors and assigns, except that the duties and responsibilities of Covenantor hereunder are of a personal nature and shall not be assignable or delegable in whole or in part. 
  
 10. Reformation of Agreement; Severability. In the event that
any of the provisions of Paragraphs 1, 2 and 3 shall be found by a court of competent jurisdiction to be invalid or unenforceable to any extent for any reason, such court shall exercise its discretion in reforming such provision(s) to the end that
Covenantor shall be subject to nondisclosure, nonsolicitation and noncompetition covenants that are reasonable under the circumstances and enforceable by the Company and Hexacomb. In the event that any other provision of this Agreement or
application thereof to anyone or under any circumstance is found to be invalid or unenforceable in any jurisdiction to any extent for any reason, such invalidity or unenforceability shall not affect any other provision or application of this
Agreement which can be given effect without the invalid or unenforceable provision or application and shall not invalidate or render unenforceable such provision or application in any other jurisdiction. 
  
 11. Remedies; Waiver. No remedy conferred upon the Company or
Hexacomb by this Agreement is intended to be exclusive of any other remedy, and each and every such remedy shall be cumulative and shall be in addition to any other remedy given hereunder or now or hereafter existing at law or in equity. No delay or
omission by the Company or Hexacomb in exercising any right, remedy or power hereunder or existing at law or in equity shall be 

  

 5 

 
construed as a waiver thereof, and any such right, remedy or power may be exercised by the party possessing the same from time to time and as often as may be
deemed expedient or necessary by such party in its sole discretion. 
  
 12. Counterparts. This Agreement may be executed in several counterparts, each of which is an original and all of which shall constitute one instrument. It shall not be necessary in making proof of this Agreement or any
counterpart hereof to produce or account for any of the other counterparts. 
  
 13. Governing Law. The validity, interpretation, construction, performance and enforcement of this Agreement shall be governed by the laws of the State of New York, without application of conflict of
laws principles. 
  
 14. Headings. The captions and
headings contained in this Agreement are for convenience only and shall not be construed as a part of the Agreement. 
  

 6 

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

  

			
	 PREGIS HOLDING I CORPORATION

		
	 By
	 	 /s/ Thomas J. Pryma

	 	 	 Name: Thomas J. Pryma

	 	 	 Title: President

	
	 HEXACOMB CORPORATION

		
	 By
	 	 /s/ Thomas J. Pryma

	 	 	 Name: Thomas J. Pryma

	 	 	 Title: President

  

					
	 COVENANTOR:
	 	 	 	 Address:

			
	 /s/ C. William McBee
	 	 	 	 610 Wharton Drive

	 C. William McBee
	 	 	 	 Lake Forest, IL 60045

  

 7

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