Document:

Exhibit 10.1

 

SPECIFIED
REFINANCING AMENDMENT AND AMENDMENT NO. 13 dated as of October 1, 2020 (this “Agreement”), related
to the Fourth Amended and Restated Credit Agreement dated as of August 5, 2016 (as amended by that certain Amendment No. 11 dated
as of October 4, 2016, that certain Incremental Assumption Agreement dated as of October 7, 2016, that certain Incremental Assumption
Agreement dated as of February 7, 2017, that certain Amendment No. 12 dated as of August 4, 2020 and as further amended, supplemented
or modified prior to the date hereof, the “Existing Credit Agreement”; and as amended by this Agreement,
the “Amended Credit Agreement”), by and among Reynolds Group Holdings Inc. (“RGHI”),
Pactiv LLC, Evergreen Packaging LLC (formerly Evergreen Packaging Inc.), Pactiv Evergreen Inc. (formerly Reynolds Group Holdings
Limited) (“Holdings”), the Guarantors party thereto from time to time, the Lenders from time to time
party thereto and Credit Suisse AG, as administrative agent for the Lenders (in such capacity, the “Administrative
Agent”).

 

A.               
Pursuant to Section 2.25 of the Existing Credit Agreement, Holdings and the U.S. Borrowers
have requested that the Persons set forth on Schedule I(a) hereto (the “Tranche B-2 U.S. Term Lenders”)
commit to make Specified Refinancing Term Loans to the U.S. Borrowers in an aggregate principal amount not in excess of $1,250,000,000
(the “Tranche B-2 U.S. Term Loans”) in the form of a new tranche of Dollar-denominated term loans. The
proceeds of the Tranche B-2 U.S. Term Loans will be used to prepay on the Amendment No. 13 Effective Date (as defined below) a
portion of the U.S. Term Loans outstanding under the Existing Credit Agreement and, at the election of Holdings, to finance all
or a portion of the fees, premiums, expenses and other transaction costs incurred in connection with the foregoing.

 

B.                
Pursuant to Section 2.25 of the Existing Credit Agreement, Holdings and the Revolving
Borrowers have requested that the Persons set forth on Schedule I(b) hereto (the “New Revolving Credit Lenders”)
commit to provide a Specified Refinancing Revolving Facility to the Revolving Borrowers in an aggregate amount of $250,000,000
(the commitments of the New Revolving Credit Lenders thereunder, “New Revolving Credit Commitments”
and the loans made pursuant thereto, “New Revolving Loans”).

 

C.                
The Tranche B-2 U.S. Term Lenders are willing to make the Tranche B-2 U.S. Term Loans to
the U.S. Borrowers, and the New Revolving Credit Lenders are willing to provide the New Revolving Credit Commitments to the Revolving
Borrowers, in each case, on the terms set forth herein and in the Amended Credit Agreement and subject to the conditions set forth
herein.

 

D.               
As described in the Registration Statement on Form S-1 (as amended on or prior to the date
hereof, the “Form S-1”) filed by Holdings with the Securities and Exchange Commission, Holdings consummated
an initial public offering of common stock of Holdings (the “IPO”) on September 21, 2020 and Holdings
intends to issue and sell senior secured notes in an aggregate principal amount of $1,000,000,000 on the Amendment No. 13 Effective
Date (the “Notes Offering”). The proceeds of any such Notes Offering shall be used, in part, to prepay
U.S. Term Loans outstanding under the Existing Credit Agreement and to pay the fees, premiums and

 

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expenses
incurred in connection with the 2020 Transactions (as defined below). Any such Notes Offering and the application of any proceeds
thereof, the borrowing of the Tranche B-2 U.S. Term Loans and the application of the proceeds thereof, the establishment of the
New Revolving Credit Commitments, the execution, delivery and performance by the Loan Parties of this Agreement and the payment
of fees and expenses incurred in connection with the foregoing are collectively referred to herein as the “2020 Transactions”.

 

E.                
Capitalized terms used but not defined herein shall have the meanings assigned to them in
the Amended Credit Agreement.

 

Accordingly,
in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt
of which are hereby acknowledged, the parties hereto agree as follows:

 

SECTION
1. Defined Terms; Interpretation; Etc. The rules of construction set forth
in Section 1.02 of the Amended Credit Agreement shall apply to this Agreement as if the references in such Section to “this
Agreement” or “herein” were to this Agreement. This Agreement shall be a “Loan Document” and a “Specified
Refinancing Amendment” for all purposes of the Amended Credit Agreement and the other Loan Documents.

 

SECTION
2. Tranche B-2 U.S. Term Loans. (a) Subject to the terms and conditions set
forth herein and in the Amended Credit Agreement, each Tranche B-2 U.S. Term Lender agrees, severally and not jointly, to make,
on the Amendment No. 13 Effective Date, a Tranche B-2 U.S. Term Loan to the U.S. Borrowers in Dollars and in an aggregate principal
amount not to exceed the amount set forth next to such Tranche B-2 U.S. Term Lender’s name on Schedule I(a) (the “Tranche
B-2 Term Loan Commitments”).

 

(b)
Except as otherwise expressly set forth in this Agreement, from and after the making of the
Tranche B-2 U.S. Term Loans on the Amendment No. 13 Effective Date, the provisions of the Amended Credit Agreement and the other
Loan Documents applicable to U.S. Term Loans shall apply to the Tranche B-2 U.S. Term Loans. Effective as of the Amendment No.
13 Effective Date, all U.S. Term Loans outstanding under the Existing Credit Agreement that are not Tranche B-2 U.S. Term Loans
shall be redesignated as “Tranche B-1 U.S. Term Loans” and each Lender holding Tranche B-1 U.S. Term Loans shall be
redesignated as a “Tranche B-1 U.S. Term Lender” thereunder.

 

(c)
The Tranche B-2 Term Loan Commitments of each Tranche B-2 U.S. Term Lender shall automatically
terminate upon the making of the Tranche B-2 U.S. Term Loans by such Tranche B-2 U.S. Term Lender on the Amendment No. 13 Effective
Date.

 

(d)
Unless the context shall otherwise require, (i) the Tranche B-2 U.S. Term Loans shall constitute
“Specified Refinancing Term Loans”, “Tranche B-2 U.S. Term Loans”, “Term Loans” and “Loans”
and (ii) the Tranche B-2 U.S. Term Lenders shall constitute “U.S. Term Lenders” and “Lenders”, in each
case, for all purposes of the Amended Credit Agreement and the other Loan Documents.

 

(e)
The proceeds of the Tranche B-2 U.S. Term Loans are to be used solely for the purposes set
forth in Recital A of this Agreement.

 

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SECTION
3. Revolving Credit Commitments. (a) Subject to the terms and conditions set
forth herein and in the Amended Credit Agreement, effective as of the Amendment No. 13 Effective Date, (i) each New Revolving
Credit Lender agrees, severally and not jointly, to provide a New Revolving Credit Commitment to the Revolving Borrowers in an
amount equal to the amount set forth opposite its name on Schedule I(b) hereto and (ii) each New Revolving Credit Lender agrees,
severally and not jointly, that it shall have an L/C Commitment (the “New L/C Commitments”) in an amount
equal to the amount set forth opposite its name on Schedule I(b) hereto.

 

(b)
The New Revolving Credit Commitments, the New Revolving Loans and the New L/C Commitments
shall have the terms set forth in the Amended Credit Agreement for Revolving Credit Commitments, Revolving Loans and L/C Commitments,
respectively. From and after the Amendment No. 13 Effective Date, references in the Amended Credit Agreement to the Revolving
Credit Commitments, Revolving Loans, L/C Commitments and Revolving Credit Lenders shall mean the New Revolving Credit Commitments,
the New Revolving Loans, the New L/C Commitments and the New Revolving Credit Lenders, respectively.

 

(c)
On the Amendment No. 13 Effective Date, each existing Letter of Credit issued under the Existing Credit Agreement shall, without
need for any further action by the Borrowers or any other person, be deemed to be a Letter of Credit issued pursuant to the New
Revolving Credit Commitments under the Amended Credit Agreement for all purposes thereof.

 

SECTION
4. Amendments to Existing Credit Agreement.  Effective as of the Amendment
No. 13 Effective Date, the Existing Credit Agreement is hereby amended as follows:

 

(a)
Section 1.01 of the Existing Credit Agreement is hereby amended by adding the following
defined terms in appropriate alphabetical order:

 

“Amendment
No. 13” shall mean Specified Refinancing Amendment and Amendment No. 13 dated as of October 1, 2020, to this
Agreement.

 

“Amendment
No. 13 Effective Date” shall have the meaning assigned to such term in Amendment No. 13.

 

“Benchmark
Rate” shall mean the LIBO Rate or the EURIBO Rate, as applicable.

 

“Benchmark
Replacement” shall mean the sum of: (a) the alternate benchmark rate (which may include Term SOFR) that has been
selected by the Administrative Agent and Holdings giving due consideration to (i) any selection or recommendation of a replacement
rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market
convention for determining a rate of interest as a replacement to the Benchmark Rate for syndicated credit facilities denominated
in the applicable currency and (b) the Benchmark Replacement Adjustment; provided that if the Benchmark Replacement as
so determined would be less than 0.00% per annum,

 

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the Benchmark
Replacement will be deemed to be 0.00% per annum for the purposes of this Agreement.

 

“Benchmark
Replacement Adjustment” shall mean, with respect to any replacement of any Benchmark Rate with an Unadjusted Benchmark
Replacement for each applicable Interest Period, the spread adjustment, or method for calculating or determining such spread adjustment
(which may be a positive or negative value or zero) that has been selected by the Administrative Agent and Holdings giving due
consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread
adjustment, for the replacement of the applicable Benchmark Rate with the applicable Unadjusted Benchmark Replacement by the Relevant
Governmental Body or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for
calculating or determining such spread adjustment, for the replacement of the applicable Benchmark Rate with the applicable Unadjusted
Benchmark Replacement for syndicated credit facilities denominated in the applicable currency at such time.

 

“Benchmark
Replacement Conforming Changes” shall mean, with respect to any Benchmark Replacement, any technical, administrative
or operational changes (including changes to the definition of “Alternate Base Rate”, to the definition of “Interest
Period”, to timing and frequency of determining rates and to making payments of interest and other administrative matters)
as may be mutually agreed by the Administrative Agent and Holdings as are necessary to reflect the adoption and implementation
of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent
with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively
feasible or if the Administrative Agent determines that no market practice for the administration of the Benchmark Replacement
exists, in such other manner of administration as the Administrative Agent determines is reasonably necessary in connection with
this Agreement with the prior written consent of Holdings, not to be unreasonably withheld, delayed or conditioned).

 

“Benchmark
Replacement Date” shall mean the earlier to occur of the following events with respect to any Benchmark Rate:

 

(a)
in the case of clause (1) or (2) of the definition of “Benchmark Transition Event”, the later of (a) the date of the
public statement or publication of information referenced therein and (b) the date on which the administrator of the applicable
Benchmark Rate permanently or indefinitely ceases to provide such Benchmark Rate; or

 

(b)
in the case of clause (3) of the definition of “Benchmark Transition Event”, the date of the public statement or publication
of information referenced therein.

 

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“Benchmark
Transition Event” shall mean the occurrence of one or more of the following events with respect to any Benchmark
Rate:

 

(1)
a public statement or publication of information by or on behalf of the administrator of the applicable Benchmark Rate announcing
that such administrator has ceased or will cease to provide such Benchmark Rate, permanently or indefinitely, provided
that, at the time of such statement or publication, there is no successor administrator that will continue to provide such Benchmark
Rate;

 

(2)
a public statement or publication of information by the regulatory supervisor for the administrator of any Benchmark Rate, the
U.S. Federal Reserve System, an insolvency official with jurisdiction over the administrator for any Benchmark Rate, a resolution
authority with jurisdiction over the administrator for any Benchmark Rate or a court or an entity with similar insolvency or resolution
authority over the administrator for any Benchmark Rate, which states that the administrator of such Benchmark Rate has ceased
or will cease to provide such Benchmark Rate permanently or indefinitely, provided that, at the time of such statement or publication,
there is no successor administrator that will continue to provide such Benchmark Rate; or

 

(3)
a public statement or publication of information by the regulatory supervisor for the administrator of any Benchmark Rate announcing
that such Benchmark Rate is no longer representative.

 

“Benchmark
Transition Start Date” shall mean (a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable
Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of
a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information
(or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such
statement or publication) and (b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent or the
Required Lenders, as applicable, by notice to Holdings, the Administrative Agent (in the case of such notice by the Required Lenders)
and the Lenders.

 

“Benchmark
Unavailability Period” shall mean, if a Benchmark Transition Event and its related Benchmark Replacement Date have
occurred with respect to any Benchmark Rate and solely to the extent that such Benchmark Rate has not been replaced with a Benchmark
Replacement, the period (x) beginning at the time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark
Replacement has replaced the applicable Benchmark Rate for all purposes hereunder in accordance with Section 2.08 and (y) ending
at the time that a Benchmark Replacement has replaced the applicable Benchmark Rate for all purposes hereunder pursuant to Section
2.08.

 

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“BHC
Act Affiliate” of a party shall mean an “affiliate” (as such term is defined under, and interpreted
in accordance with, 12 U.S.C. 1841(k)) of such party.

 

“Covered
Entity” shall mean any of the following:

 

(a)
a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

 

(b)
a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or

 

(c)
a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

 

“Covered
Party” shall have the meaning assigned to such term in Section 9.27.

 

“Default
Right” shall mean the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§
252.81, 47.2 or 382.1, as applicable.

 

“Early
Opt-in Election” shall mean the occurrence of:

 

(1)
(i) a determination by the Administrative Agent or (ii) a notification by the Required Lenders to the Administrative Agent (with
a copy to Holdings) that the Required Lenders have determined that syndicated credit facilities denominated in the applicable
currency being executed at such time, or that include language similar to that contained in Section 2.08 are being executed
or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace any applicable Benchmark Rate, and

 

(2)
(i) the election by the Administrative Agent or (ii) the election by the Required Lenders to declare that an Early Opt-in Election
has occurred and the provision, as applicable, by the Administrative Agent of written notice of such election to Holdings and
the Lenders or by the Required Lenders of written notice of such election to the Administrative Agent.

 

“Federal
Reserve Bank of New York’s Website” shall mean the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org,
or any successor source.

 

“QFC”
shall mean the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance
with, 12 U.S.C. 5390(c)(8)(D).

 

“QFC
Credit Support” shall have the meaning assigned to such term in Section 9.27.

 

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“Reference
Debt” shall mean any Term Loans, Senior Secured Notes and/or Senior Unsecured Notes with a scheduled maturity date
earlier than November 1, 2024.

 

“Relevant
Governmental Body” shall mean the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee
officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto.

 

“SOFR”
with respect to any day shall mean the secured overnight financing rate published for such day by the Federal Reserve Bank of
New York, as the administrator of the benchmark (or a successor administrator), on the Federal Reserve Bank of New York’s
Website.

 

“Springing
Maturity Date” shall mean the 91st day prior to the scheduled maturity date of any applicable Reference Debt.

 

“Supported
QFC” shall have the meaning assigned to such term in Section 9.27.

 

“Term
SOFR” shall mean the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant
Governmental Body.

 

“Tranche
B-1 U.S. Term Lender” shall mean a Lender with a Tranche B-1 U.S. Term Loan.

 

“Tranche
B-1 U.S. Term Loan Maturity Date” shall mean February 5, 2023.

 

“Tranche
B-1 U.S. Term Loans” shall mean the U.S. Term Loans made prior to the Amendment No. 13 Effective Date that were
designated as “Tranche B-1 U.S. Term Loans” pursuant to Amendment No. 13. As of the Amendment No. 13 Effective Date
and after giving effect to any prepayment thereof with the proceeds of the Tranche B-2 U.S. Term Loans and the proceeds of the
Notes Offering (as defined in Amendment No. 13), the aggregate outstanding principal amount of Tranche B-1 U.S. Term Loans is
$1,206,535,777.48.

 

“Tranche
B-2 U.S. Term Lender” shall mean a Lender with a Tranche B-2 U.S. Term Loan.

 

“Tranche
B-2 U.S. Term Loan Maturity Date” shall mean February 5, 2026.

 

“Tranche
B-2 U.S. Term Loans” shall mean the term loans made pursuant to Amendment No. 13 on the Amendment No. 13 Effective
Date. As of the Amendment No. 13 Effective Date, the aggregate outstanding principal amount of Tranche B-2 U.S. Term Loans is
$1,250,000,000.

 

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“Unadjusted
Benchmark Replacement” shall mean the Benchmark Replacement excluding the Benchmark Replacement Adjustment.

 

“U.S.
Special Resolution Regimes” shall have the meaning assigned to such term in Section 9.27.

 

(b)
The definition of the term “Applicable Margin” set forth in Section 1.01 of the
Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

“Applicable
Margin” shall mean, for any day, (a) with respect to any Eurocurrency Tranche B-1 U.S. Term Loan, 3.00% per annum
(or, if the public corporate rating of Holdings then in effect from S&P is B or higher and the public corporate family rating
of Holdings then in effect from Moody’s is B2 or higher, in each case with a stable outlook or better, 2.75% per annum),
(b) with respect to any Eurocurrency Tranche B-2 U.S. Term Loan, 3.25% per annum, (c) [reserved], (d) with respect to any Daily
Rate Tranche B-1 U.S. Term Loan, 2.00% per annum (or, if the public corporate rating of Holdings then in effect from S&P is
B or higher and the public corporate family rating of Holdings then in effect from Moody’s is B2 or higher, in each case
with a stable outlook or better, 1.75% per annum), (e) with respect to any Daily Rate Tranche B-2 U.S. Term Loan, 2.25% per annum,
(f) [reserved], (g) with respect to any Eurocurrency Revolving Loan, 2.75% per annum and (h) with respect to any Daily Rate Revolving
Loan, 1.75% per annum.

 

(c)
The definition of the term “Class” set forth in Section 1.01 of the Existing
Credit Agreement is hereby amended by replacing the words “U.S. Term Loans” therein with the words “Tranche
B-1 U.S. Term Loans, Tranche B-2 U.S. Term Loans”.

 

(d)
The last sentence of the definition of “Interest Period” set forth in Section
1.01 of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

“Notwithstanding
the foregoing, the Interest Period with respect to the initial borrowing of the Tranche B-2 U.S. Term Loans shall be a period
commencing on the Amendment No. 13 Effective Date and ending on October 30, 2020.”

 

(e)
The definition of the term “Revolving Credit Maturity Date” set forth in Section 1.01
of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

“Revolving
Credit Maturity Date” shall mean August 5, 2024; provided that if on any Springing Maturity Date with respect
to any Reference Debt that occurs prior to the then-scheduled Revolving Credit Maturity Date, the outstanding principal amount
of such applicable Reference Debt exceeds $500,000,000, the Revolving Credit Maturity Date shall instead be such Springing Maturity
Date.

 

(f)
The definition of the term “U.S. Term Lender” set forth in Section 1.01 of the
Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

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“U.S.
Term Lender” shall mean a Tranche B-1 U.S. Term Lender or a Tranche B-2 U.S. Term Lender, or both, as the context
may require.

 

(g)
The definition of the term “U.S. Term Loan Commitment” set forth in Section 1.01
of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

“U.S.
Term Loan Commitment” shall mean, collectively, the “Incremental Term Loan Commitments” (as defined
in Amendment No. 10) and the “Tranche B-2 Term Loan Commitments” (as defined in Amendment No. 13).

 

(h)
The definition of the term “U.S. Term Loan Maturity Date” set forth in Section
1.01 of the Existing Credit Agreement is hereby deleted in its entirety.

 

(i)
The definition of the term “U.S. Term Loans” set forth in Section 1.01 of the
Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

“U.S.
Term Loans” shall mean the Tranche B-1 U.S. Term Loans and the Tranche B-2 U.S. Term Loans.

 

(j)
Section 2.03 of the Existing Credit Agreement is hereby amended by replacing the words “U.S.
Term Loans” in clause (i) of the second sentence thereof with the words “Tranche B-1 U.S. Term Loans, Tranche B-2
U.S. Term Loans”.

 

(k)
Clause (b) of Section 2.07 of the Existing Credit Agreement is hereby amended and restated
in its entirety to read as follows:

 

“(b) with
respect to all other overdue amounts, at a rate per annum (computed on the basis of the actual number of days elapsed over a year
of 365 or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days at all other
times) equal to (i) if such overdue amount relates to Revolving Loans, the rate that would be applicable to a Daily Rate Revolving
Loan, (ii) if such overdue amount relates to Tranche B-1 U.S. Term Loans, the rate that would be applicable to a Daily Rate Tranche
B-1 U.S. Term Loan and (iii) otherwise, the rate that would be applicable to a Daily Rate Tranche B-2 U.S. Term Loan, in each
case, plus 2.00% per annum.”

 

(l)
Solely with respect to the Tranche B-2 U.S. Term Loans, the New Revolving Loans and any other
Loans incurred under the Amended Credit Agreement after the Amendment No. 13 Effective Date (and not, for the avoidance of doubt,
with respect to the Tranche B-1 U.S. Term Loans, unless and until this Agreement (or the substance of this Section 4(l))
shall have become effective in accordance with Section 7 or otherwise shall have been approved on or after the Amendment
No. 13 Effective Date by Lenders constituting the Required Lenders), Section 2.08 of the Credit Agreement is hereby amended and
restated in its entirety to read as follows:

 

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“Alternate
Rate of Interest. (a) If at least two Business Days prior to the commencement of any Interest Period for a Eurocurrency
Borrowing:

 

(i)
the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable
means do not exist for ascertaining the Adjusted LIBO Rate or the EURIBO Rate for such Interest Period; provided that no
Benchmark Transition Event shall have occurred at such time; or

 

(ii)
the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the EURIBO Rate for the applicable
currency and/or such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining
their Loans included in such Borrowing for such Interest Period;

 

then
the Administrative Agent shall give written notice thereof to Holdings and the Lenders by hand delivery, facsimile or other electronic
transmission as promptly as practicable thereafter and, until the Administrative Agent notifies Holdings and the Lenders that
the circumstances giving rise to such notice no longer exist, which the Administrative Agent agrees promptly to do, (i) any request
by a Borrower for the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurocurrency Borrowing shall be ineffective
and such Borrowing shall be converted to a Daily Rate Borrowing on the last day of the Interest Period applicable thereto and
the utilization of the LIBO Rate component in determining the Alternate Base Rate shall be suspended and (ii) if any Borrowing
Request requests a Eurocurrency Borrowing, then such Borrowing shall be made as a Daily Rate Borrowing and the utilization of
the LIBO Rate component in determining the Alternate Base Rate shall be suspended; provided, however, that (x) in
each case, Holdings may revoke any Borrowing Request that is pending when such notice is received and (y) if the circumstances
giving rise to such notice affect only Borrowings in certain currencies, then Eurocurrency Borrowings in unaffected currencies
shall be permitted to the extent otherwise permitted by this Agreement.

 

(b)
Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition Event
or an Early Opt-in Election, as applicable, the Administrative Agent and Holdings may amend this Agreement to replace any Benchmark
Rate with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00
p.m., New York City time, on the fifth Business Day after the Administrative Agent has posted such proposed amendment to all Lenders
and Holdings so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment
from Lenders comprising the Required Lenders. Any such amendment with respect to an Early Opt-in Election will become effective
on the date that Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required
Lenders accept such amendment. No replacement of any Benchmark Rate with a Benchmark Replacement pursuant to this Section 2.08
will occur prior to the applicable Benchmark Transition Start Date.

 

(c)
In connection with the implementation of a Benchmark Replacement, the Administrative Agent will have the right to make Benchmark
Replacement Conforming

 

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Changes from
time to time with the prior written consent of Holdings, not to be unreasonably withheld, delayed or conditioned.

 

(d)
The Administrative Agent will promptly notify Holdings and the Lenders of (i) any occurrence of a Benchmark Transition Event or
an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date and Benchmark Transition Start Date, (ii)
the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes and (iv)
the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made
by the Administrative Agent or Lenders pursuant to this Section 2.08, including any determination with respect to a tenor,
rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain
from taking any action, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and
without consent from any other party hereto, except, in each case, as expressly required pursuant to this Section 2.08.

 

(e)
Upon Holdings’ receipt of notice of the commencement of a Benchmark Unavailability Period, Holdings may revoke any request
for a Borrowing of, conversion to or continuation of Eurocurrency Loans to be made, converted or continued during any Benchmark
Unavailability Period and, failing that, Holdings will be deemed to have converted any such request into a request for a Borrowing
of or conversion to Daily Rate Loans. During any Benchmark Unavailability Period, (x) the component of the Alternate Base Rate
based upon the LIBO Rate will not be used in any determination of the Alternate Base Rate, (y) any request by a Borrower for the
conversion of any Borrowing to, or continuation of any Borrowing as, a Eurocurrency Borrowing shall be ineffective and (z) any
affected Borrowing shall be converted to a Daily Rate Borrowing on the last day of the Interest Period applicable thereto.

 

Notwithstanding
anything to the contrary in this Agreement or in any other Loan Document, to the extent any Tranche B-1 U.S. Term Loans are outstanding
under this Agreement with respect to which the terms of this Section 2.08 do not apply, solely for purposes of determining
whether the Required Lenders have taken any action contemplated by this Section 2.08 or the definition of the term “Benchmark
Transition Start Date” or “Early Opt-in Election”, such Tranche B-1 U.S. Term Loans shall be disregarded in
making such determination.”

 

(m)
Section 2.11(a)(i) of the Existing Credit Agreement is hereby amended and restated in its
entirety to read as follows:

 

“(i)The
U.S. Borrowers shall pay to the Administrative Agent, on the last Business Day of each calendar quarter commencing with the first
full calendar quarter ending after the Amendment No. 13 Effective Date, for the account of the Tranche B-2 U.S. Term Lenders,
a principal amount of the Tranche B-2 U.S. Term Loans (as adjusted from time to time pursuant to Sections 2.12, 2.13(f) and 2.23(d))
equal to 0.25% of the aggregate principal amount of the Tranche B-2 U.S. Term Loans made on the Amendment No. 13 Effective Date.”

 

    11 

     

    

(n)
Section 2.11(b) of the Existing Credit Agreement is hereby amended by replacing the
words “the U.S. Term Loan Maturity Date” therein with the words “the Tranche B-1 U.S. Term Loan Maturity Date,
the Tranche B-2 U.S. Term Loan Maturity Date”.

 

(o)
Section 2.12(e) of the Existing Credit Agreement is hereby amended and restated in its entirety
to read as follows:

 

“(e)
If, prior to the date that is six months after the Amendment No. 13 Effective Date, (i) all or any portion of the Tranche B-2
U.S. Term Loans are prepaid out of the proceeds of a substantially concurrent issuance or incurrence of secured term loans that
are marketed or syndicated to banks and other institutional investors and the all-in-yield (as determined by the Administrative
Agent in consultation with Holdings and in a manner consistent with generally accepted financial practice and, in any event, excluding
the effect of any arrangement, structuring, syndication, commitment or other fees in connection therewith that are not shared
with all providers of such financing, and without taking into account any fluctuations in the Adjusted LIBO Rate) of such secured
term loan financing is less than the yield (as determined by the Administrative Agent on the same basis) of the Tranche B-2 U.S.
Term Loans or (ii) a Tranche B-2 U.S. Term Lender must assign its Tranche B-2 U.S. Term Loans pursuant to Section 2.21 as a result
of its failure to consent to an amendment that would reduce (as determined by the Administrative Agent in consultation with Holdings)
any of the interest rate margins (or other pricing-related terms) then in effect with respect to such Tranche B-2 U.S. Term Loans
then in each case the aggregate principal amount so prepaid or assigned will be subject to a fee payable by the U.S. Borrowers
equal to 1.0% of the principal amount thereof; provided that, in each case, such fee shall only be payable if the primary
purpose (as determined by Holdings in good faith) of such prepayment, repayment, refinancing, substitution, replacement, amendment,
waiver or other modification was to reduce the all-in-yield of the Tranche B-2 U.S. Term Loans; provided further that this
Section 2.12(e) shall not apply to any prepayment of the Tranche B-2 U.S. Term Loans upon the occurrence of a Change in Control.”

 

(p)
Solely with respect to the Tranche B-2 U.S. Term Loans, the New Revolving Loans and any other
Loans incurred under the Amended Credit Agreement after the Amendment No. 13 Effective Date (and not, for the avoidance of doubt,
with respect to the Tranche B-1 U.S. Term Loans, unless and until this Agreement (or the substance of this Section 4(p)) shall
have become effective in accordance with Section 7 or otherwise shall have been approved on or after the Amendment No. 13 Effective
Date by Lenders constituting the Required Lenders), Section 9.20 of the Existing Credit Agreement is hereby amended and restated
in its entirety to read as follows:

 

“SECTION
9.20. Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the
contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto
acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability
is unsecured, may be subject to the write-

 

    12 

     

    

down and conversion
powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

(a)
the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising
hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and

 

(b)
the effects of any Bail-In Action on any such liability, including, if applicable:

 

(i)
a reduction in full or in part or cancellation of any such liability;

 

(ii)
a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial
Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such
shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under
this Agreement or any other Loan Document; or

 

(iii)
the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable
Resolution Authority.

 

The
following terms shall for purposes of this Section 9.20 have the meanings set forth below:

 

“Affected
Financial Institution” shall mean (a) any EEA Financial Institution or (b) any UK Financial Institution.

 

“Bail-In
Action” shall mean the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in
respect of any liability of an Affected Financial Institution.

 

“Bail-In
Legislation” shall mean (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU
of the European Parliament and of the Council of the European Union, the implementing law, regulation, rule or requirement for
such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the
United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or
rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial
institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).

 

“EEA
Financial Institution” shall mean (a) any credit institution or investment firm established in any EEA Member Country
which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which
is a parent of an institution described in clause (a) of this definition or (c) any financial institution established in an EEA
Member Country

 

    13 

     

    

which is a
subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with
its parent.

 

“EEA
Member Country” shall mean any of the member states of the European Union, Iceland, Liechtenstein and Norway.

 

“EEA
Resolution Authority” shall mean any public administrative authority or any person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

 

“Resolution
Authority” shall mean an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution
Authority.

 

“UK
Financial Institution” shall mean any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended
form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6
of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes
certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

 

“UK
Resolution Authority” shall mean the Bank of England or any other public administrative authority having responsibility
for the resolution of any UK Financial Institution.

 

“Write-Down
and Conversion Powers” shall mean, (a) with respect to any EEA Resolution Authority, the write-down and conversion
powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country,
which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United
Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the
form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert
all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such
contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of
that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.”

 

(q)
Solely with respect to the Tranche B-2 U.S. Term Loans, the New Revolving Loans and any other
Loans incurred under the Amended Credit Agreement after the Amendment No. 13 Effective Date (and not, for the avoidance of doubt,
with respect to the Tranche B-1 U.S. Term Loans, unless and until this Agreement (or the substance of this Section 4(q)) shall
have become effective in accordance with Section 7 or otherwise shall have been approved on or after the Amendment No. 13 Effective
Date by Lenders constituting the Required Lenders), Article IX of the Existing Credit Agreement is hereby

 

    14 

     

    

amended
by inserting the following new Section 9.27 immediately after Section 9.26 thereof:

 

“SECTION
9.27. Acknowledgment Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through
a guarantee or otherwise, for secured Hedging Agreements or any other agreement or instrument that is a QFC (such support, “QFC
Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree
as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance
Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder,
the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with
the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed
by the laws of the State of New York and/or of the United States or any other state of the United States):

 

In
the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject
to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit
Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property
securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer
would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest,
obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event
a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime,
Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be
exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised
under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States
or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of
the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported
QFC or any QFC Credit Support.”

 

(r)
The table of Revolving Credit Commitments and L/C Commitments set forth on Schedule 2.01
to the Existing Credit Agreement is hereby amended and restated in its entirety as set forth on Schedule I(b) hereto.

 

SECTION
5. Additional Amendments to Credit Agreement. Subject to the satisfaction of
the condition set forth in Section 7, the Existing Credit Agreement is hereby further amended as follows:

 

    15 

     

    

(a)
Section 2.08 of the Existing Credit Agreement is hereby replaced by the new section set forth
in Section 4(l) hereof.

 

(b)
Section 9.20 of the Existing Credit Agreement is hereby replaced by the new section set forth
in Section 4(p) hereof.

 

(c)
Article IX of the Existing Credit Agreement is hereby amended by inserting the new section
set forth in Section 4(q) hereof immediately after Section 9.26 thereof.

 

SECTION
6. Conditions Precedent to Borrowing of Tranche B-2 U.S. Term Loans; Effectiveness
of New Revolving Credit Commitments; and Effectiveness of Agreement. The effectiveness of this Agreement, the obligations
of the Tranche B-2 U.S. Term Lenders to make the Tranche B-2 U.S. Term Loans hereunder and the agreements of the New Revolving
Credit Lenders to provide New Revolving Credit Commitments hereunder shall be subject to the satisfaction of the following conditions
precedent (the date (which must be a Business Day) on which such conditions precedent are satisfied or waived and the Tranche
B-2 U.S. Term Loans are funded being referred to herein as the “Amendment No. 13 Effective Date”):

 

(a)
The Administrative Agent shall have received a Borrowing Request with respect to the Tranche
B-2 U.S. Term Loans (which Borrowing Request may be given at any time prior to 12:00 (noon), New York City time, on the Business
Day immediately prior to the Amendment No. 13 Effective Date).

 

(b)
The Administrative Agent shall have received counterparts of this Agreement that, when taken
together, bear the signatures of (i) each Loan Party, (ii) the Administrative Agent, (iii) each Tranche B-2 U.S. Term Lender and
(iv) each New Revolving Credit Lender.

 

(c)
Subject to the Agreed Security Principles, on the Amendment No. 13 Effective Date, each of
the conditions set forth in paragraphs (b) and (c) of Section 4.01 of the Amended Credit Agreement shall be satisfied and the
Administrative Agent shall have received a certificate to that effect dated such date and executed by a Financial Officer of Holdings;
provided that, for purposes of determining the satisfaction of the condition set forth in paragraph (b) of Section 4.01
of the Amended Credit Agreement, each reference in the representation set forth in Section 3.22 of the Amended Credit Agreement
to the 2016 Restatement Transactions and the 2016 Restatement Date shall be deemed to be a reference to the 2020 Transactions
and the Amendment No. 13 Effective Date, respectively.

 

(d)
Subject to the Agreed Security Principles, the Administrative Agent shall have received legal
opinions, corporate authorizations and closing certificates (similar in type to those described in clauses (i), (ii), (iii) and
(iv) of Section 4.02(c) of the Original Credit Agreement) reasonably requested by the Administrative Agent for each Loan Party.

 

(e)
The Administrative Agent shall have received (i) pursuant to Section 2.12 of the Existing
Credit Agreement, a notice of prepayment with respect to the U.S. Term Loans to be prepaid on the Amendment No. 13 Effective Date
and (ii) pursuant to Section 2.09(b)

 

    16 

     

    

of
the Existing Credit Agreement, a notice of termination of all Revolving Credit Commitments outstanding thereunder.

 

(f)
The Administrative Agent shall have received all fees and other amounts due and payable on
or prior to the Amendment No. 13 Effective Date and, to the extent invoiced, reimbursement or payment of all reasonable and documented
out-of-pocket expenses required to be reimbursed or paid by the Borrowers hereunder or under any other Loan Document.

 

(g)
The Bank of New York Mellon, in its capacity as Collateral Agent, and each Loan Party shall
have executed and delivered to the Administrative Agent a reaffirmation agreement (the “Reaffirmation Agreement”), substantially
in the form attached hereto as Exhibit A, and other amendments, supplements and confirmations of existing Loan Documents reasonably
requested by the Administrative Agent (it being understood that the documentation required to be delivered shall, in any event,
be no more onerous to Holdings and the Subsidiaries than the documentation required to be delivered in connection with the 2017
Incremental Term Loan Transactions), in each case subject to the Agreed Security Principles and with any modifications necessary
to reflect the 2020 Transactions and such other modifications that are reasonably satisfactory to Holdings and the Administrative
Agent.

 

SECTION
7. Conditions Precedent to Additional Amendments to Credit Agreement. The amendments
to the Existing Credit Agreement set forth in Section 5 hereof shall become effective on the date (the “Additional
Amendments Effective Date”) on which the Administrative Agent shall have received counterparts of this Agreement
that, when taken together with the Tranche B-2 U.S. Term Lenders and the New Revolving Credit Lenders, bear the signatures of
Lenders constituting the Required Lenders as of such date (determined after giving effect to the 2020 Transactions, including
the termination of the Revolving Credit Commitments and the prepayment of U.S. Term Loans under the Existing Credit Agreement
on the Amendment No. 13 Effective Date), provided that the occurrence of the Amendment No. 13 Effective Date shall be a
condition precedent to the effectiveness of the amendments to the Amended Credit Agreement set forth in Section 5.

 

SECTION
8. Representations and Warranties. To induce the other parties hereto
to enter into this Agreement, each Loan Party party hereto represents and warrants to the Administrative Agent and each of the
Lenders (including the Tranche B-2 U.S. Term Lenders and the New Revolving Credit Lenders), with respect to itself, that, as of
the Amendment No. 13 Effective Date, this Agreement has been duly authorized, executed and delivered by such Loan Party and, subject
to the Legal Reservations, constitutes a legal, valid and binding obligation of such Loan Party enforceable against such Loan
Party in accordance with its terms.

 

SECTION
9. Effect of Agreement. Except as expressly set forth herein, this Agreement
shall not, by implication or otherwise, limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of
the Lenders, the Administrative Agent or the Collateral Agents under the Amended Credit Agreement or any other Loan Document,
and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained
in the Amended Credit Agreement or any other Loan Document, all of which shall

 

    17 

     

    

continue
in full force and effect. Nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification
or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Amended Credit Agreement
or any other Loan Document in similar or different circumstances. After the date hereof, any reference in any Loan Document to
the Amended Credit Agreement shall be deemed to refer without further amendment to the Amended Credit Agreement as modified hereby.

 

SECTION
10. Consent. Each Loan Party hereby consents to this Agreement and the transactions
contemplated hereby.

 

SECTION
11. Post-Effective Matters. Within the time periods set forth in Schedule II
or such later date as may be agreed by the Administrative Agent in its sole discretion, the Loan Parties identified on Schedule II
shall enter into, subject to the Agreed Security Principles, all agreements and do all things required to be entered into and
done by them as set forth in Schedule II, with each such required agreement to be in form and substance reasonably satisfactory
to the Administrative Agent.

 

SECTION
12. Notices. All notices hereunder shall be given in accordance with the provisions
of Section 9.01 of the Amended Credit Agreement.

 

SECTION
13. Counterparts. This Agreement may be executed in counterparts, each
of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the
same instrument. Any signature to this Agreement may be delivered by facsimile, electronic mail (including pdf) or any electronic
signature complying with the U.S. federal ESIGN Act of 2000 or the New York Electronic Signature and Records Act or other transmission
method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for
all purposes to the fullest extent permitted by applicable law. For the avoidance of doubt, the foregoing also applies to any
amendment, extension or renewal of this Agreement. Each of the parties to this Agreement represents and warrants to the other
parties that it has the corporate capacity and authority to execute this Agreement through electronic means and there are no restrictions
for doing so in that party’s constitutive documents.

 

SECTION
14. Applicable Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

SECTION
15. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY
ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY
OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK
TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN

 

    18 

     

    

SECTION
16. INDUCED TO ENTER INTO THIS AGREEMENT, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION 15.

 

SECTION
17. Jurisdiction; Consent to Service of Process. (a) Each Loan Party
hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of any New York state
court or Federal court of the United States of America sitting in the Borough of Manhattan, and any appellate court from any thereof,
in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and
each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding
may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties
hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions
by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the Administrative
Agent, the Collateral Agents or any Lender may otherwise have to bring any action or proceeding relating to this Agreement against
any Borrower, Holdings or their respective properties in the courts of any jurisdiction.

 

(b)
Each Loan Party hereby irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or
proceeding arising out of or relating to this Agreement in any New York State or Federal court. Each of the parties hereto hereby
irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action
or proceeding in any such court.

 

(c)
Each party to this Agreement irrevocably, to the extent permitted under applicable law, consents
to service of process in the manner provided for notices in Section 9.01 of the Amended Credit Agreement. Nothing in this Agreement
will affect the right of any party to this Agreement to serve process in any other manner permitted by law.

 

SECTION
18. Headings. The headings of this Agreement are for purposes of reference
only and shall not limit or otherwise affect the meaning hereof.

 

[Remainder
of page intentionally left blank]

 

    19 

     

    

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

 

	 	REYNOLDS GROUP HOLDINGS
    INC.
	 	 
	 	 
	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice President,
    Secretary and General Counsel

 

    20 

     

    

	 	BLUE RIDGE HOLDING LLC
	 	 
	 	by
	 	 	/s/ Mark Lightfoot
	 	 	Name:Mark Lightfoot
	 	 	Title:Vice President,
    Secretary and General Counsel
	 	 	 
	 	 	 
	 	BLUE
        RIDGE PAPER PRODUCTS LLC

         

	 	by
	 	 	/s/ Mark Lightfoot
	 	 	Name:Mark Lightfoot
	 	 	Title:Vice President,
    Secretary and General Counsel
	 	 	 
	 	 	 
	 	EVERGREEN
        PACKAGING LLC

         

	 	by
	 	 	/s/ Mark Lightfoot
	 	 	Name:Mark Lightfoot
	 	 	Title:Vice President,
    Secretary and General Counsel
	 	 	 
	 	 	 
	 	BRPP,
        LLC

         

	 	by
	 	 	/s/ Mark Lightfoot
	 	 	Name:Mark Lightfoot
	 	 	Title:Vice President,
    Secretary and General Counsel

 

 

[Signature Page to Amendment No. 13]

 

    21 

     

    

	 	CLOSURE
    SOLUTIONS HOLDINGS LLC
	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice President,
    Secretary and General Counsel
	 	 	 
	 	 	 
	 	EVERGREEN
        PACKAGING INTERNATIONAL LLC

         

	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice President,
    Secretary and General Counsel
	 	 	 
	 	 	 
	 	GEC
        PACKAGING TECHNOLOGIES LLC

         

	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice President,
    Secretary and General Counsel
	 	 	 
	 	 	 
	 	PACTIV
        EUROPE SERVICES LLC

         

	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice President,
    Secretary and General Counsel
	 	 	 
	 	 	 
	 	PACTIV
        LLC

         

	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice President,
    Secretary and General Counsel
	 	 	 
	 	 	 

[Signature Page to Amendment No. 13]

 

    22 

     

    

 

	 	PACTIV
    MANAGEMENT COMPANY LLC
	 	 
	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice President,
    Secretary and General Counsel
	 	 	 
	 	 	 
	 	PACTIV
        PACKAGING INC.

         

	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice President,
    Secretary and General Counsel
	 	 	 
	 	 	 
	 	pca
        west inc.

         

	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice President,
    Secretary and General Counsel
	 	 	 
	 	 	 
	 	pei
        holdings company llc

         

	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice
        President, Secretary and General Counsel

         

	 	 	 
	 	reynolds group co-issuer
    llc
	 	 
	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice President,
    Secretary and General Counsel
	 	 	 

 

[Signature Page to Amendment No. 13]

 

    23 

     

    

	 	PACTIV
    EVERGREEN INC.
	 	 
	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice President,
    Secretary and General Counsel
	 	 	 
	 	 	 
	 	REYNOLDS
        GROUP Issuer inc.

         

	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice President,
    Secretary and General Counsel
	 	 	 
	 	 	 
	 	REYNOLDS
        GROUP Issuer llc

         

	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice President,
    Secretary and General Counsel
	 	 	 
	 	 	 
	 	reynolds
        packaging international llc

         

	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice
        President, Secretary and General Counsel

         

	 	 	 
	 	reynolds services inc.
	 	 
	 	by
	 	 	/s/ Steve R. Karl
	 	 	Name:Steve Karl
	 	 	Title:Vice President,
    Secretary and General Counsel

 

 

[Signature Page to Amendment No. 13]

    24 

     

    

 

	 

         
	CREDIT
        SUISSE AG, CAYMAN ISLANDS 

BRANCH, individually
        and as Administrative 

Agent

         

	 	by
	 	 	/s/ Vipul Dhadda
	 	 	Name:Vipul Dhadda
	 	 	Title:Authorized
        Signatory

         

	 	by
	 	 	/s/ Vito Cotoia
	 	 	Name: Vito Cotoia
	 	 	Title: Authorized Signatory
	 	 	 

 

[Signature Page to Amendment No.
13]

    25 

     

    

 

	 	SIGNATURE PAGE TO SPECIFIED REFINANCING AMENDMENT AND AMENDMENT NO. 13
    DATED AS OF THE DATE FIRST WRITTEN ABOVE RELATED TO THE REYNOLDS GROUP HOLDINGS INC. FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

	Name of

    Lender:	HSBC
    Bank USA, N.A.	 
	 	 	 
	 	 	 

 

	 	by:	/s/ Adam
                                         Headley

                                                           
	 
	 	 	Name:	Adam Headley	 
	 	 	Title:	Managing Director	 

 

 For
any Lender requiring a second signature line:

 

	 	by:	 	 	 
	 	 		 
	 	 	Name:	 	 
	 	 	Title:	 	 

 

 

 

    26 

     

    

 

	 	SIGNATURE PAGE TO SPECIFIED REFINANCING AMENDMENT AND AMENDMENT NO. 13
    DATED AS OF THE DATE FIRST WRITTEN ABOVE RELATED TO THE REYNOLDS GROUP HOLDINGS INC. FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

	Name of

    Lender:	CITIBANK,
    N.A.	 
	 	 	 
	 	 	 

 

	 	by:	/s/ David
                                         Jaffe

                                                           
	 
	 	 	Name:	David Jaffe	 
	 	 	Title:	Vice President	 

 

 

    27 

     

    

 

	 	SIGNATURE PAGE TO SPECIFIED REFINANCING AMENDMENT AND AMENDMENT NO. 13
    DATED AS OF THE DATE FIRST WRITTEN ABOVE RELATED TO THE REYNOLDS GROUP HOLDINGS INC. FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

	Name of

    Lender:	COOPERATIEVE RABOBANK, U.A., NEW YORK BRANCH

	 
	 	 	 
	 	 	 

 

	 	by:	/s/ Shane Koonce

	 
	 	 	Name:	Shane Koonce	 
	 	 	Title:	Executive Director

	 

 

 For
any Lender requiring a second signature line:

 

	 	by:	 	 	 
	 	 	/s/ Timothy J. Devan

	 
	 	 	Name:	Timothy J. Devan 	 
	 	 	Title:	Executive Director 	 

 

 

    28 

     

    

SCHEDULE I(a)

 

   

Tranche
B-2 U.S. Term Lenders

 

	Tranche
    B-2 U.S. Term Lenders	Tranche
    B-2 Term Loan Commitments
	Credit
    Suisse AG, Cayman Islands Branch	$1,250,000,000
	TOTAL	$1,250,000,000

 

    29 

     

    

SCHEDULE I(b)  

 

 

Revolving
Credit Commitments and L/C Commitments

 

	Lender

         
	Revolving
    Credit Commitment	L/C
    Commitment
	CREDIT
    SUISSE  AG, CAYMAN ISLANDS BRANCH	$100,000,000	$105,000,000
	HSBC
    Bank USA, N.A.	$85,000,000	$45,000,000
	CITIBANK,
    N.A.	$35,000,000	—

         

	Coöperatieve
    Rabobank U.A., NEW YORK BRANCH	$30,000,000	—

         

	TOTAL	$250,000,000	$150,000,000

 

    30 

     

    

SCHEDULE II

 

 

 

Post-Effectiveness
Matters

 

Holdings
shall deliver, or cause to be delivered, within 180 days after the Amendment No. 13 Effective Date (or such later date as the
Administrative Agent in its sole, but reasonable, discretion may permit), with respect to (i) each Mortgage encumbering a Mortgaged
Property located in the United States of America, and to the extent reasonably requested by the Administrative Agent (x) an amendment,
amendment and restatement, or supplement thereto (each, a “Mortgage Amendment”), setting forth such
changes as are reasonably necessary to reflect the lien securing the Bank Obligations under the Amended Credit Agreement, including
the Tranche B-2 U.S. Term Loans and the New Revolving Credit Commitments and the extensions of credit thereunder, and to further
grant, preserve, protect, confirm and perfect the first-priority lien and security interest thereby created and perfected, (y)
opinions by local counsel reasonably acceptable to the Administrative Agent regarding the enforceability of each such Mortgage
Amendment and (z) a date-down and mortgage modification endorsement to each policy of title insurance insuring the interest of
the mortgagee or beneficiary, as the case may be, with respect to such Mortgages, in each case in substantially the same form
as those Mortgage Amendments and local counsel opinions delivered to the Administrative Agent in connection with that certain
Incremental Assumption Agreement dated as of February 7, 2017, except for those changes necessary to reflect the 2020 Transactions,
and each of the foregoing being in all respects reasonably acceptable to the Administrative Agent and (ii) with respect to each
Mortgaged Property not currently subject to a Mortgage, such Mortgages, legal opinions regarding the enforceability of each such
Mortgage, title insurance policies and other instruments, certificates, documents and agreements as may be reasonably requested
by the Administrative Agent or any Collateral Agent, all subject to and in compliance with Section 5.12 of the Amended Credit
Agreement.

 

Holdings
shall deliver, or cause to be delivered, within 60 days after the Amendment No. 13 Effective Date (or such later date as the Administrative
Agent in its sole, but reasonable, discretion may permit), stock certificates and instruments of transfer representing 65% of
Evergreen Packaging Canada Limited.

 

    31 

     

    

EXHIBIT A

 

 

 

Form of Reaffirmation
Agreement

 

[To be attached]

 

    32 

     

    

REAFFIRMATION
AGREEMENT, dated as of October 1, 2020 (this “Agreement”), among (a) Pactiv Evergreen Inc. (formerly Reynolds
Group Holdings Limited) (“Holdings”), (b) Reynolds Group Holdings Inc., Pactiv LLC and Evergreen Packaging
LLC (formerly Evergreen Packaging Inc.) (collectively, the “Borrowers”), (c) Reynolds Group Issuer LLC and
Reynolds Group Issuer Inc. (together, the “Issuers”), (d) the Grantors listed on Schedule A hereto (the
“Reaffirming Parties”), (e) Credit Suisse AG, as administrative agent (in such capacity, the “Administrative
Agent”) under the Credit Agreement (as defined below), (f) The Bank of New York Mellon, as trustee under the June 2016
Senior Secured Notes Indenture (as defined below) (in such capacity, the “June 2016 Trustee”), (g) The Bank
of New York Mellon, as collateral agent (the “Collateral Agent”) under the First Lien Intercreditor Agreement
(as defined below) and (h) Wilmington Trust, National Association., as trustee under the 2020 Senior Secured Notes Indenture (as
defined below) (in such capacity, the “2020 Trustee”).

 

A.               
The Administrative Agent, The Bank of New York Mellon, as trustee under an indenture dated as of November 5, 2009, the
Collateral Agent and the Reaffirming Parties, among others, entered into the First Lien Intercreditor Agreement dated as of November
5, 2009, as amended by Amendment No. 1 and that certain Joinder Agreement dated as of January 21, 2010 (the “First Lien
Intercreditor Agreement”). Capitalized terms used but not defined herein have the meanings assigned to such terms in
the First Lien Intercreditor Agreement, the Credit Agreement, or the Amendment (as defined below), as applicable.

 

B.                
Pursuant to the Specified Refinancing Amendment and Amendment No. 13, dated as of the date hereof (the “Amendment”),
related to the Fourth Amended and Restated Credit Agreement dated as of August 5, 2016, among Holdings, the Borrowers, the Guarantors
from time to time party thereto, the Lenders from time to time party thereto and the Administrative Agent (as amended, supplemented
or otherwise modified from time to time, the “Credit Agreement”), the Borrowers have, on the date hereof, obtained
New Revolving Credit Commitments and borrowed Tranche B-2 U.S. Term Loans (each as defined in the Amendment) pursuant to the Amendment
(the “2020 Term Loan Transactions”).

 

C.                
The Issuers, Reynolds Group Co-Issuer LLC (formerly Reynolds Group Issuer (New Zealand) Limited and Reynolds Group Issuer
(Luxembourg) S.A.), certain guarantors, the Collateral Agent, the June 2016 Trustee and The Bank of New York Mellon, London Branch,
as paying agent, among others, entered into an indenture, dated as of June 27, 2016 (as amended or supplemented prior to the date
hereof, the “June 2016 Senior Secured Notes Indenture”), pursuant to which the Issuers and Reynolds Group Co-Issuer
LLC issued certain debt securities. On June 27, 2016, in connection with such issuance, the June 2016 Trustee became a party to
the First Lien Intercreditor Agreement pursuant to Section 5.02(c) thereof.

 

D.               
The Issuers, certain guarantors, the Collateral Agent and Wilmington Trust, National Association, as trustee, among others,
have entered into an Indenture dated as of the date hereof (the “2020 Senior Secured Notes Indenture”), pursuant
to which the Issuers issued the 4.000% Senior Secured Notes due 2027 (the “2020 Senior Secured Notes”); and
in connection with such issuance, the 2020 Trustee became a party to the First Lien Intercreditor Agreement pursuant to Section
5.02(c) thereof.

 

    33 

     

    

E.                
Pursuant to the Supplement No. 46, dated as of September 17, 2020, among Holdings, PEI Holdings Company LLC, Reynolds Group
Co-Issuer LLC, Closure Solutions Holdings LLC, Evergreen Packaging International LLC, Reynolds Packaging International LLC (collectively,
the “New Grantors”) and the Collateral Agent in relation to the Collateral Agreement, dated as of November
5, 2009, among the Borrowers, the Issuers, the other grantors party thereto and the Collateral Agent, the New Grantors became
U.S. Grantors under the Collateral Agreement (the “Collateral Agreement Accession”).

 

In
consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

 

ARTICLE I

 

Reaffirmation

 

SECTION
1. Reaffirmation. (a) Each Reaffirming Party (i) agrees that, notwithstanding the
issuance of the 2020 Senior Secured Notes and/or the effectiveness of the Amendment or consummation of the 2020 Term Loan Transactions,
each of the Security Documents (as each may have been amended, restated, supplemented, modified and/or confirmed on or prior to
the date hereof) set forth or otherwise referenced on Schedule B hereto to which it is a party (each, a “Reaffirmed
Security Document”) continues to be in full force and effect, subject to the Legal Reservations, and is hereby ratified
and reaffirmed, (ii) confirms its respective pledges and grants of security interests in the Collateral to the extent provided
in the Reaffirmed Security Documents and (iii) acknowledges that each such Reaffirmed Security Document to which it is a
party and the First Lien Intercreditor Agreement continue in full force and effect subject to the Legal Reservations and extend,
subject to the limitations contained therein, to (x) the “Secured Obligations” as defined in the 2020 Senior Secured
Notes Indenture, which have been designated as “Additional Obligations” under and pursuant to the First Lien Intercreditor
Agreement (the “Secured Notes Designation”) and (y) any additional Bank Obligations arising as a result of
the 2020 Term Loan Transactions, which shall, from and after the date hereof, be considered “Credit Agreement Obligations”
under the First Lien Intercreditor Agreement.

 

(b)
Each Reaffirming Party hereby (i) ratifies and affirms the Amendment and the 2020 Term Loan
Transactions, (ii) agrees that, notwithstanding the effectiveness of the Amendment, its guarantee provided pursuant to Article
X of the Credit Agreement continues to be in full force and effect, (iii) confirms its guarantee of the Bank Obligations (with
respect to itself) as provided in the Loan Documents (including any limitations expressly set forth therein as may be amended
and/or modified from time to time) and (iv) acknowledges that such guarantee (including any limitations thereto expressly set
forth in the relevant Loan Document, including Schedule 10.03 of the Credit Agreement mutatis mutandis and in any Guarantor
Joinder to the Credit Agreement) continues in full force and effect in respect of the Bank Obligations under the Credit Agreement
and the other Loan Documents, including any additional Bank Obligations arising as a result of the 2020 Term Loan Transactions.

 

(c) Each
of the Reaffirming Parties hereby confirms and agrees that, with respect to any Reaffirmed Security Document to which it is a
party, (i) the “Secured Obligations” (as defined in the 2020 Senior Secured Notes Indenture) and all additional
Bank Obligations arising as a result of the 2020 Term Loan Transactions (A) constitute “Obligations” and
“Secured Liabilities” and (B) are secured by the “Collateral” described in each such Reaffirmed
Security Document and (ii) no further filings or recording need to be made, or other action need to be taken, by
such

 

    34 

     

    

Reaffirming
Party in order to maintain the perfection of the security interest created by the Reaffirmed Security Documents.

 

(d)
Each of the Reaffirming Parties hereby acknowledges and agrees that, pursuant to the Collateral
Agreement Accession, each New Grantor is a U.S. Grantor (as defined in the Collateral Agreement) under the Collateral Agreement
with the same force and effect as if originally named therein as a U.S. Grantor (as defined in the Collateral Agreement).

 

ARTICLE II
 

Representations and Warranties

 

SECTION
1. Organization; Powers. Each Reaffirming Party hereby represents and warrants as
of the date hereof that such Reaffirming Party (a) is duly organized, validly existing and in good standing (or where applicable
the equivalent status in any foreign jurisdiction) under the laws of the jurisdiction of its organization, except where the failure
to be in good standing could not reasonably be expected to result in a Material Adverse Effect and (b) has the power and
authority to execute, deliver and perform its obligations under this Agreement.

 

SECTION
2. Authorization. Each Reaffirming Party hereby represents and warrants as of the
date hereof that the entry by such Reaffirming Party into this Agreement has been duly authorized by all requisite corporate and/or
partnership and, if required, stockholder, works council and partner action.

 

SECTION
3. Enforceability. Each Reaffirming Party hereby represents and warrants as of the
date hereof that this Agreement has been duly executed and delivered by such Reaffirming Party and, subject to the Legal Reservations,
constitutes a legal, valid and binding obligation of such Reaffirming Party enforceable against such Reaffirming Party in accordance
with its terms.

 

SECTION
4. Grantors. Holdings hereby represents and warrants as of the date hereof that the
Reaffirming Parties hereto constitute all of the Grantors under the Credit Agreement and the First Lien Intercreditor Agreement
existing immediately prior to the date hereof.

 

ARTICLE III 
 

Miscellaneous

 

SECTION
1. Notices. All communications and notices hereunder shall be in writing and given
as provided in Section 5.01 of the First Lien Intercreditor Agreement, as supplemented by the Joinder Agreement dated as of the
date hereof (the “2020 Joinder”), and as provided in Section 7 of the 2020 Joinder.

 

SECTION
2. Loan Document and Note Document. This Agreement is a Loan Document executed pursuant
to the Credit Agreement and a Note Document pursuant to the June 2016 Senior Secured Notes Indenture and the 2020 Senior Secured
Notes Indenture and shall be construed, administered and applied in accordance with the terms of the Credit Agreement, the June
2016 Senior Secured Notes Indenture and the 2020 Senior Secured Notes Indenture, as applicable.

 

SECTION
3. Effectiveness. This Agreement shall become effective on the date when copies hereof,
which when taken together bear the signatures of each Reaffirming Party, the Collateral Agent, the Administrative Agent, the June
2016 Trustee and the 2020 Trustee, shall have been received by

 

    35 

     

    

the
Collateral Agent, the Administrative Agent, the June 2016 Trustee and the 2020 Trustee. This Agreement may not be amended nor
may any provision hereof be waived except pursuant to a writing signed by each of the parties hereto.

 

SECTION
4. No Novation. This Agreement shall not extinguish the obligations for the payment
of money outstanding under any Credit Document or discharge or release the priority of any Credit Document or any other security
therefor. Nothing herein shall be construed as a substitution or novation of the obligations outstanding under any Credit Document
or instruments securing the same, which shall remain in full force and effect. Nothing in or implied by this Agreement or in any
other document contemplated hereby shall be construed as a release or other discharge of Holdings, any Borrower, any Issuer or
any other Grantor under any Credit Document from any of its obligations and liabilities thereunder. Each of the Credit Documents
shall remain in full force and effect notwithstanding the execution and delivery of this Agreement.

 

SECTION
5. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK.

 

SECTION
6. No Other Supplement; Confirmation. Except as expressly set forth herein, this Agreement
shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the
Secured Parties under any Credit Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions,
obligations, covenants or agreements contained in any Credit Document, all of which shall continue in full force and effect.

 

SECTION
7. Rights of the Collateral Agent. For the avoidance of doubt, notwithstanding anything
contained herein, each of the protections, immunities, rights, indemnities and benefits conferred on the Collateral Agent under
the Reaffirmed Security Documents and the First Lien Intercreditor Agreement shall continue in full force and effect and shall
apply to this Agreement as if set out in full herein.

 

SECTION
8. Rights of the 2020 Trustee. Wilmington Trust, National Association is entering
into this Agreement solely in its capacity as 2020 Trustee under the 2020 Senior Secured Notes Indenture and not in its individual
or corporate capacity. In acting hereunder, the 2020 Trustee shall have of the rights, privileges and immunities of the Trustee
set forth in the 2020 Senior Secured Notes Indenture and the other Note Documents (as defined in the 2020 Senior Secured Notes
Indenture), whether or not expressly set forth herein

 

SECTION
9. Post-Effective Matters. Within the time periods set forth in Schedule C
or such later date as may be agreed by the Administrative Agent in its sole discretion, the Loan Parties identified on Schedule
C shall enter into, subject to the Agreed Security Principles, all agreements and do all things required to be entered into
and done by them as set forth in Schedule C, with each such required agreement to be in form and substance reasonably satisfactory
to the Administrative Agent.

 

SECTION
10. Counterparts. This Agreement may be executed in counterparts, each of which when
so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same instrument.
Delivery by telecopier or other electronic imaging means of an executed counterpart of a signature page to this Agreement shall
be effective as delivery of an original executed counterpart of this Agreement. Any signature to this Agreement may be delivered
by facsimile, electronic mail (including pdf) or any electronic signature complying with the U.S. federal ESIGN Act of 2000 or
the New York Electronic Signature and Records Act or other transmission method and any counterpart so delivered shall be deemed
to have been duly and validly delivered and be valid and effective for all purposes to the fullest extent permitted by applicable
law. For the avoidance of doubt, the foregoing

 

    36 

     

    

SECTION
12. also applies to any amendment, extension or renewal of this Agreement. Each of the parties
to this Agreement represents and warrants to the other parties that it has the corporate capacity and authority to execute this
Agreement through electronic means and there are no restrictions for doing so in that party's constitutive documents.

 

[remainder
of page intentionally blank; signature page is next page]

 

    37 

     

    

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

 

	 	each
    of the reaffirming parties listed on schedule D-1 hereto,
	 	 
	 	By:	 
	 	 	/s/
    Mark Lightfoot	 
	 	 	Name:Mark Lightfoot	 
	 	 	Title:Vice
    President, Secretary and General Counsel	 
	 	 	 	 
	 	 	 	 

	 	each
    of the reaffirming parties listed on schedule D-2 hereto,
	 	 
	 	By:	 
	 	 	 /s/
    Steven R. Karl	 
	 	 	Name:Steven Karl	 
	 	 	Title:Vice
    President, Secretary and General Counsel	 

 

 

[SIGNATURE
PAGE TO THE REAFFIRMATION AGREEMENT]

 

    38 

     

    

	 	CREDIT SUISSE AG, CAYMAN ISLANDS
    BRANCH, as Administrative Agent,
	 	 
	 	by
	 	 	/s/
    Vipul Dhadda
	 	 	Name:Vipul Dhadda
	 	 	Title:Authorized
    Signatory
	 	 	 
	 	by
	 	 	/s/ Vito Cotoia
	 	 	Name:Vito Cotoia
	 	 	Title:Authorized
    Signatory

 

[SIGNATURE
PAGE TO THE REAFFIRMATION AGREEMENT]

 

    39 

     

    

	 	the bank of new york
    mellon, in its capacity as Collateral Agent,
	 	 
	 	By:
	 	 	/s/ Shannon Matthews
	 	 	Name:Shannon Matthews
	 	 	Title:Agent
	 	 	 
	 	 	 

	 	The Bank of New York  Mellon,
    in its capacity as June 2016 Trustee,
	 	 
	 	By:
	 	 	  /s/
    Shannon Matthews
	 	 	Name:Shannon Matthews
	 	 	Title:Agent

 

[SIGNATURE
PAGE TO THE REAFFIRMATION AGREEMENT]

 

    40 

     

    

	 	WILMINGTON
        TRUST, National association., 

        

        in
        its capacity as 2020 Trustee,

         

	 	By:
	 	 	/s/ Quinton M. DePompolo
	 	 	Name: Quinton M. DePompolo
	 	 	Title:Banking
    Officer

 

 

[SIGNATURE
PAGE TO THE REAFFIRMATION AGREEMENT]

 

    41 

     

    

  

SCHEDULE A

TO REAFFIRMATION
AGREEMENT

  

 

List of
the Reaffirming Parties

 

	JURISDICTION	ENTITY
	UNITED
    STATES	Blue
        Ridge Holding LLC

        

        Blue Ridge
        Paper Products LLC

        BRPP, LLC

        

        Closure Solutions
        Holdings LLC (formerly Closure Solutions Holdings Limited)

        

        Evergreen
        Packaging LLC

        

        Evergreen
        Packaging International LLC (formerly Evergreen Packaging International Limited)

        

        GEC
        Packaging Technologies LLC

        

        Pactiv
        Europe Services LLC

        

        Pactiv
        Evergreen Inc. (formerly Reynolds Group Holdings Limited)

        

        Pactiv LLC

        

        Pactiv Management
        Company LLC

        

        Pactiv Packaging
        Inc.

        

        PCA
        West Inc

        

        PEI
        Holdings Company LLC (formerly PEI Holdings Company)

        

        Reynolds
        Group Co-Issuer LLC (formerly Reynolds Group Issuer (New Zealand) Limited)

        

        Reynolds
        Group Holdings Inc.

        

        Reynolds
        Group Issuer Inc.

        

        Reynolds
        Group Issuer LLC

        

        Reynolds
        Packaging International LLC (formerly Reynolds Packaging International Limited)

        

        Reynolds
        Services Inc.

         

 

    42 

     

    

 

SCHEDULE B

TO REAFFIRMATION
AGREEMENT

 

 

List of
the Reaffirmed Security Documents 

Collateral
Agent: The Bank of New York Mellon

 

	JURISDICTION

         
	DOCUMENTS

         

	UNITED
    STATES	U.S. Collateral
        Agreement, dated as of November 5, 2009, as amended, restated, amended and restated, supplemented or modified from time
        to time, among Pactiv Evergreen Inc. (formerly Reynolds Group Holdings Limited), Reynolds Group Holdings Inc., Reynolds
        Group Issuer LLC, Reynolds Group Issuer Inc., each Subsidiary of Holdings (as defined therein) from time to time party
        thereto and The Bank of New York Mellon, as Collateral Agent.

         

        Any Patent,
        Copyright or Trademark Agreement in effect on the date hereof with respect to any U.S. Grantor listed in Schedule A hereto.

         

 

 

    43 

     

    

SCHEDULE C

TO REAFFIRMATION
AGREEMENT

 

Post-Effectiveness
Matters

 

Holdings
shall deliver, or cause to be delivered, to The Bank of New York Mellon, in its capacity as Collateral Agent, within 180 days
after the Amendment No. 13 Effective Date (or such later date as the Administrative Agent in its sole, but reasonable,
discretion may permit), with respect to (i) each Mortgage encumbering a Mortgaged Property located in the United States of
America, and to the extent reasonably requested by the Administrative Agent (A) an amendment, amendment and restatement, or
supplement thereto (each, a “Mortgage Amendment”), setting forth such changes as are reasonably necessary
to reflect the lien securing (1) the Bank Obligations under the Credit Agreement, including the Tranche B-2 U.S. Term Loans
and the New Revolving Credit Commitments and the extensions of credit thereunder and (2) the Secured Obligations, as defined
in each of the 2020 Senior Secured Notes Indenture and the June 2016 Senior Secured Notes Indenture, and, in each case, to further
grant, preserve, protect, confirm and perfect the first-priority lien and security interest thereby created and perfected,
(B) opinions by local counsel reasonably acceptable to the Administrative Agent regarding the enforceability of each such
Mortgage Amendment and (C) a date-down and mortgage modification endorsement to each policy of title insurance insuring the
interest of the mortgagee or beneficiary, as the case may be, with respect to such Mortgages, in each case in substantially
the same form as those Mortgage Amendments and local counsel opinions delivered to the Administrative Agent in connection
with that certain Incremental Assumption Agreement dated as of February 7, 2017, except for those changes necessary to
reflect the 2020 Term Loan Transactions and the issuance of the 2020 Senior Secured Notes, and each of the foregoing being in
all respects reasonably acceptable to the Administrative Agent and (ii) with respect to each Mortgaged Property not currently
subject to a Mortgage, such Mortgages, legal opinions regarding the enforceability of each such Mortgage, title insurance
policies and other instruments, certificates, documents and agreements as may be reasonably requested by the Administrative
Agent or any Collateral Agent, all subject to and in compliance with Section 5.12 of the Credit Agreement.

 

Holdings
shall deliver, or cause to be delivered, to The Bank of New York Mellon, in its capacity as Collateral Agent, within 60 days after
the date hereof (or such later date as the Administrative Agent in its sole, but reasonable, discretion may permit), stock certificates
and instruments of transfer representing 65% of Evergreen Packaging Canada Limited.

 

    44 

     

    

SCHEDULE D-1

TO REAFFIRMATION
AGREEMENT

 

Reaffirming
Entities (Mark Lightfoot)

  

 

1.   Blue Ridge Holding LLC

2.   Blue Ridge Paper Products

3.   Evergreen Packaging LLC

4.   BRPP, LLC

 

 

 

    45 

     

    

SCHEDULE D-2

TO REAFFIRMATION
AGREEMENT

 

   

Reaffirming
Entities (Steven Karl)

 

		 	  

		1.	Closure Solutions Holdings
LLC (formerly Closure Solutions Holdings Limited)

		 	  

		2.	Evergreen Packaging
International LLC (formerly Evergreen Packaging International Limited)

		 	  

		3.	GEC Packaging Technologies
LLC

		 	  

		4.	Pactiv Europe Services
LLC

		 	  

		5.	Pactiv Evergreen Inc.
(formerly Reynolds Group Holdings Limited)

		 	  

		6.	Pactiv LLC

		 	  

		7.	Pactiv Management Company
LLC

		 	  

		8.	Pactiv Packaging Inc.

		 	  

		9.	PCA West Inc

		 	  

		10.	PEI Holdings Company
LLC (formerly PEI Holdings Company)

		 	  

		11.	Reynolds Group Co-Issuer
LLC (formerly Reynolds Group Issuer (New Zealand) Limited)

		 	  

		12.	Reynolds Group Holdings
Inc.

		 	  

		13.	Reynolds Group Issuer
Inc.

		 	  

		14.	Reynolds Group Issuer
LLC

		 	  

		15.	Reynolds Packaging International
LLC (formerly Reynolds Packaging International Limited)

		 	  

		16.	Reynolds Services Inc.

 

 

    46Document

Exhibit 4.1

															
					
					

ONE HUNDRED FORTY-THIRD

SUPPLEMENTAL INDENTURE

									
			

Southern California Edison Company

to

The Bank of New York Mellon Trust Company, N.A.

and

D. G. Donovan,

Trustees

									
			

DATED AS OF SEPTEMBER  29, 2020

															
					

    This One Hundred-Forty-Third Supplemental Indenture, dated as of the 29th  day of September, 2020, is entered into by and between Southern California Edison Company (between 1930 and 1947 named “Southern California Edison Company Ltd.”), a corporation duly organized and existing under and by virtue of the laws of the State of California and having its principal office and mailing address at 2244 Walnut Grove Avenue, in the City of Rosemead, County of Los Angeles, State of California 91770, and qualified to do business in the States of Arizona, New Mexico, and Nevada (hereinafter sometimes termed the “Company”), and The Bank of New York Mellon Trust Company, N.A., a national banking association having its mailing address at 2 North LaSalle Street, in the City of Chicago, State of Illinois 60602 (formerly named The Bank of New York Trust Company, N.A., successor Trustee to The Bank of New York, which was successor Trustee to Harris Trust and Savings Bank), and D. G. Donovan of 2 North LaSalle Street, in the City of Chicago, State of Illinois 60602 (successor Trustee to R. G. Mason, who was successor Trustee to Wells Fargo Bank, National Association, which was successor Trustee to Security Pacific National Bank, formerly named Security First National Bank and Security-First National Bank of Los Angeles, successor, by consolidation and merger, to Pacific-Southwest Trust & Savings Bank), as Trustees (hereinafter sometimes termed the “Trustees”);

    WITNESSETH:

    WHEREAS, the Company heretofore executed and delivered to said Harris Trust and Savings Bank and said Pacific-Southwest Trust & Savings Bank, Trustees, a certain Indenture of Mortgage or Deed of Trust dated as of October 1, 1923, which said Indenture was duly filed for record and recorded in the offices of the respective recorders of the following counties:  in the State of California-Fresno County, Volume 397 of Official Records, page 1; Imperial County, Book 1174 of Official Records, page 966; Inyo County, Volume 154 of Official Records, page 417; Kern County, Book 379 of Trust Deeds, page 196; Kings County, Volume 84 of Deeds, page 1; Los Angeles County, Book 2963 of Official Records, page 1; Madera County, Volume 9 of Official Records, page 63; Merced County, Volume 363 of Official Records, page 1; Modoc County, Volume 230 of Official Records, page 119 et seq.; Mono County, Volume 64 of Official Records, page 29; Orange County, Book 496 of Deeds, page 1; Riverside County, Book 594 of Deeds, page 252; San Bernardino County, Book 825 of Deeds, page 1; San Diego County, Series 5 Book 1964, page 84061; Santa Barbara County, Book 229 of Deeds, page 30; Stanislaus County, Volume 465 of Official Records, page 370; Tulare County, Volume 50 of Official Records, page 1; Tuolumne County, Volume 274 of Official Records, page 568; and Ventura County, Volume 33 of Official Records, page 1; in the State of Nevada-Clark County, Book 8 of Mortgages; Churchill County, Book 40 of Official Records, page 235; Lyon County, Book 39 of Mortgages, page 1; Mineral County, Book 13 of Official Records, page 794; Pershing County, Book 15 of Official Records, page 612; and Washoe County, Book 83 of Mortgages, page 301; in the State of Arizona-La Paz County, Instrument No. 83-000212 of Official Records; Mohave County, Book 11 of Realty Mortgages; Maricopa County, Docket 4349 of Official Records, page 197; and Yuma County, Docket 369, page 310, (hereinafter referred to as the “Original Indenture”), to secure the payment of the principal of and interest on all bonds of the Company at any time outstanding thereunder, and (as to certain such filings or recordings) the principal of and interest on all Debentures of 1919 (referred to in the Original Indenture and now retired) outstanding; and

    WHEREAS, the Company has heretofore executed and delivered to the Trustees one hundred forty-two certain supplemental indentures, dated, respectively, as of March 1, 1927, April 25, 1935, June 24, 1935, September 1, 1935, August 15, 1939, September 1, 1940, January 15, 1948, August 15, 1948, February 15, 1951, August 15, 1951, August 15, 1953, August 15, 1954, April 15, 1956, February 15, 1957, July 1, 1957, August 15, 1957, August 15, 1958, January 15, 1960, August 15, 1960, April 1, 1961, May 1, 1962, October 15, 1962, May 15, 1963, February 15, 1964, February 1, 1965, May 1, 1966, August 15, 1966, May 1, 1967, February 1, 1968, January 15, 1969, October 1, 1969, December 1, 1970, September 15, 1971, August 15, 1972, February 1, 1974, July 1, 1974, November 1, 1974, March 1, 1975, March 15, 1976, July 1, 1977, November 1, 1978, June 15, 1979, September 15, 1979, October 1, 1979, April 1, 1980, November 15, 1980, May 15, 1981, August 1, 1981, December 1, 1981, January 16, 1982, April 15, 1982, November 1, 1982, November 1, 1982, January 1, 1983, May 1, 1983, December 1, 1984, March 15, 1985, October 1, 1985, October 15, 1985, March 1, 1986, March 15, 1986, April 15, 1986, April 15, 1986, July 1, 1986, September 1, 1986, September 1, 1986, December 1, 1986, July 1, 1987, October 15, 1987, November 1, 1987, February 15, 1988, April 15, 1988, July 1, 1988, August 15, 1988, September 15, 1988, January 15, 1989, May 1, 1990, June 15, 1990, August 15, 1990, December 1, 1990, April 1, 1991, May 1, 1991, June 1, 1991, December 1, 1991, February 1, 1992, April 1, 1992, July 1, 1992, July 15, 1992, December 1, 1992, January 15, 1993, March 1, 1993, June 1, 1993, June 15, 1993, July 15, 1993, September 1, 1993, October 1, 1993, February 21, 2002, February 15, 2003, October 15, 2003, 
2

December 15, 2003, January 7, 2004, February 26, 2004, March 23, 2004, December 6, 2004, January 11, 2005, January 27, 2005, March 17, 2005, June 1, 2005, June 20, 2005, August 24, 2005, December 12, 2005, January 24, 2006, April 4, 2006, December 4, 2006, January 14, 2008, August 13, 2008, October 9, 2008, March 18, 2009, March 9, 2010, August 26, 2010, September 15, 2010, December 13, 2010, May 12, 2011, May 17, 2011, August 30, 2011, October 7, 2011, November 18, 2011, March 9, 2012, March 5, 2013, September 27, 2013, January 22, 2014, May 7, 2014, November 5, 2014, January 14, 2015, March 22, 2017, March 31, 2018, May 31, 2018, July 31, 2018,  March 13, 2019, August 2, 2019, January 7, 2020 and March 5, 2020 which modify, amend and supplement the Original Indenture, such Original Indenture, as so modified, amended and supplemented, being hereinafter referred to as the “Amended Indenture”; and 

    WHEREAS, there have been issued and are now outstanding and entitled to the benefits of the Amended Indenture, First and Refunding Mortgage Bonds as follows:
									
	Series	Due Date	Principal Amount
	2004B	2034	$525,000,000
	2004D	2035	$79,400,000
	2004E	2035	$65,000,000
	2004G	2035	$350,000,000
	2005B	2036	$250,000,000
	2005D	2029	$203,460,000
	2005E	2035	$350,000,000
	2006A	2036	$350,000,000
	2006C	2028	$38,500,000
	2006D	2033	$135,000,000
	2006E	2037	$400,000,000
	2008A	2038	$600,000,000
	2009A	2039	$500,000,000
	2010A	2040	$500,000,000
	2010B	2040	$500,000,000
	2010C	2029	$100,000,000
	2010D	2031	$75,000,000
	2011A	2021	$500,000,000
	2011B	2029	$55,540,000
	2011E	2041	$250,000,000
	2012A	2042	$400,000,000
	2013A	2043	$400,000,000
	2013C	2023	$600,000,000
	2013D	2043	$800,000,000
	2015A	2022	$117,857,000
	2015B	2022	$325,000,000
	2015C	2045	$425,000,000
	2017A	2047	$1,800,000,000
	2018A	2021	$450,000,000
	2018B	2028	$400,000,000
	2018C	2048	$1,300,000,000
	2018D	2023	$300,000,000
	2018E	2025	$900,000,000
	2019A
2019B
2019C
	2029
2049
2029
	$500,000,000
$600,000,000
$500,000,000

	2020A
	2050
	$1,200,000,000

	2020B	2030	$400,000,000

    
3

    WHEREAS, the Company proposes presently to issue in fully registered form only, without coupons, one new series of the Company’s First and Refunding Mortgage Bonds, pursuant to resolutions of the Audit and Finance Committee of the Board of Directors or the Executive Committee of the Board of Directors of the Company, or actions by one or more officers of the Company, said new series to be designated as Series 2020C, Due 2026  (referred to herein as the “Bonds”), and the Company’s authorized bonded indebtedness has been increased to provide for the issuance of the Bonds; and
    WHEREAS, the Company has acquired real and personal property since the execution and delivery of the One Hundred Forty-Second Supplemental Indenture which, with certain exceptions, is subject to the lien of the Amended Indenture by virtue of the after-acquired property clauses and other clauses thereof, and the Company now desires in this One Hundred Forty-Third Supplemental Indenture (hereinafter sometimes referred to as this “Supplemental Indenture”) expressly to convey and confirm unto the Trustees all properties, whether real, personal or mixed, now owned by the Company (with the exceptions hereinafter noted); and 

    WHEREAS, for the purpose of further safeguarding the rights and interests of the holders of bonds under the Amended Indenture, the Company desires, in addition to such conveyance, to enter into certain covenants with the Trustees; and

    WHEREAS, the making, executing, acknowledging, delivering and recording of this Supplemental Indenture have been duly authorized by proper corporate action of the Company;

    NOW, THEREFORE, in order further to secure the payment of the principal of and interest on all of the bonds of the Company at any time outstanding under the Amended Indenture, as from time to time amended and supplemented, including specifically, but without limitation, the First and Refunding Mortgage Bonds, Series 2004B, Series 2004D, Series 2004E, Series 2004G,Series 2005B, Series 2005D, Series 2005E, Series 2006A, Series 2006D, Series 2006E, Series 2008A, Series 2008B, Series 2009A, Series 2010A, Series 2010B, Series 2010C, Series 2010D, Series 2011A, Series 2011B, Series 2011E, Series 2012A, Series 2013A, Series 2013C, Series 2013D, Series 2015A, Series 2015B, Series 2015C, Series 2017A, Series 2018A, Series 2018B, Series 2018C, Series 2018D, 2018E, 2019A, 2019B, 2019C,  2020A and 2020B referred to above, all of said bonds having been heretofore issued and being now outstanding, and the Bonds, in the initial aggregate principal amount of $350,000,000, to be presently issued and outstanding; and to secure the performance and observance of each and every of the covenants and agreements contained in the Amended Indenture, and without in any way limiting (except as hereinafter specifically provided) the generality or effect of the Original Indenture or any of said supplemental indentures executed and delivered prior to the execution and delivery of this Supplemental Indenture insofar as by any provision of any said Indenture any of the properties hereinafter referred to are subject to the lien and operation thereof, but to such extent (except as hereinafter specifically provided) confirming such lien and operation, and for and in consideration of the premises, and of the sum of One Dollar ($1.00) to the Company duly paid by the Trustees, at or upon the ensealing and delivery of these presents (the receipt whereof is hereby acknowledged), the Company has executed and delivered this Supplemental Indenture and has granted, bargained, sold, aliened, released, conveyed, assigned, transferred, warranted, mortgaged, and pledged, and by these presents does grant, bargain, sell, alien, release, convey, assign, transfer, warrant, mortgage, and pledge unto the Trustees, their successors in trust and their assigns forever, in trust, with power of sale, all of the following:

    All and singular the plants, properties (including goods which are or are to become fixtures), equipment, and generating, transmission, feeding, storing, and distributing systems, and facilities and utilities of the Company in the Counties of Fresno, Imperial, Inyo, Kern, Kings, Los Angeles, Madera, Merced, Modoc, Mono, Orange, Riverside, San Bernardino, San Diego, Santa Barbara, Stanislaus, Tulare, Tuolumne, and Ventura, in the State of California, Churchill, Clark, Lyon, Mineral, Pershing, and Washoe, in the State of Nevada, La Paz and Maricopa, in the State of Arizona and elsewhere either within or without said States, with all and singular the franchises, ordinances, grants, easements, rights-of-way, permits, privileges, contracts, appurtenances, tenements, and other rights and property thereunto appertaining or 
4

belonging, as the same now exist and as the same or any and all parts thereof may hereafter exist or be improved, added to, enlarged, extended or acquired in said Counties, or elsewhere either within or without said States;

    Together with, to the extent permitted by law, all other properties, real, personal, and mixed (including goods which are or are to become fixtures), except as herein expressly excepted, of every kind, nature, and description, including those kinds and classes of property described or referred to (whether specifically or generally or otherwise) in the Original Indenture and/or in any one or more of the indentures supplemental thereto, now or hereafter owned, possessed, acquired or enjoyed by or in any manner appertaining to the Company, and the reversion and reversions, remainder and remainders, tolls, incomes, revenues, rents, issues, and profits thereof; it being hereby intended and expressly agreed that all the business, franchises, and properties, real, personal, and mixed (except as herein expressly excepted), of every kind and nature whatsoever and wherever situated, now owned, possessed, or enjoyed, and which may hereafter be in anywise owned, possessed, acquired, or enjoyed by the Company, shall be as fully embraced within the provisions hereof and be subject to the lien created hereby and by the Original Indenture and said supplemental indentures executed and delivered prior to the execution and delivery of this Supplemental Indenture, as if said properties were particularly described herein;

    Saving and excepting, however, anything contained herein or in the granting clauses of the Original Indenture, or of the above mentioned indentures supplemental thereto, or elsewhere contained in the Original Indenture or said supplemental indentures, to the contrary notwithstanding, from the property hereby or thereby mortgaged and pledged, all of the following property (whether now owned by the Company or hereafter acquired by it):  all bills, notes, warrants, customers' service and extension deposits, accounts receivable, cash on hand or deposited in banks or with any governmental agency, contracts, choses in action, operating agreements and leases to others (as distinct from the property leased and without limiting any rights of the Trustees with respect thereto under any of the provisions of the Amended Indenture), all bonds, obligations, evidences of indebtedness, shares of stock and other securities, and certificates or evidences of interest therein, all office furniture and office equipment, motor vehicles and tools therefor, all materials, goods, merchandise, and supplies acquired for the purpose of sale in the ordinary course of business or for consumption in the operation of any property of the Company, and all electrical energy and other materials or products produced by the Company for sale, distribution, or use in the ordinary conduct of its business--other than any of the foregoing which has been or may be specifically transferred or assigned to or pledged or deposited with the Trustees, or any of them, under the Amended Indenture, or required by the provisions of the Amended Indenture, so to be; provided, however, that if, upon the occurrence of a default under the Amended Indenture, the Trustees, or any of them, or any receiver appointed under the Amended Indenture, shall enter upon and take possession of the mortgaged and pledged property, the Trustees, or such Trustee or such receiver may, to the extent permitted by law, at the same time likewise take possession of any and all of the property excepted by this paragraph then on hand which is used or useful in connection with the business of the Company, and collect, impound, use, and administer the same to the same extent as if such property were part of the mortgaged and pledged property and had been specifically mortgaged and pledged hereunder, unless and until such default shall be remedied or waived and possession of the mortgaged and pledged property restored to the Company, its successors or assigns, and provided further, that upon the taking of such possession and until possession shall be restored as aforesaid, all such excepted property of which the Trustees, or such Trustee or such receiver shall have so taken possession, shall be and become subject to the lien hereof, subject, however, to any liens then existing on such excepted property.

    And the Company does hereby covenant and agree with the Trustees, and the Trustees with the Company, as follows:

PART I

    The Trustees shall have and hold all and singular the properties conveyed, assigned, mortgaged and pledged hereby or by the Amended Indenture, including property hereafter as well as heretofore acquired, in trust for the equal and proportionate benefit and security of all present and future 
5

holders of the bonds and interest obligations issued and to be issued under the Amended Indenture, as from time to time amended and supplemented, without preference of any bond over any other bond by reason of priority in date of issuance, negotiation, time of maturity, or for any other cause whatsoever, except as otherwise in the Amended Indenture, as from time to time amended and supplemented, permitted, and to secure the payment of all bonds now or at any time hereafter outstanding under the Amended Indenture, as from time to time amended and supplemented, and the performance of and compliance with the covenants and conditions of the Amended Indenture, as from time to time amended and supplemented, and under and subject to the provisions and conditions and for the uses set forth in the Amended Indenture, as from time to time amended and supplemented.

PART II

    Article I to Article Twenty-One, inclusive, of the Amended Indenture are hereby incorporated by reference herein and made a part hereof as fully as though set forth at length herein.

PART III

    All of the terms appearing herein shall be defined as the same are now defined under the provisions of the Amended Indenture, except when expressly herein otherwise defined.

PART IV

    Pursuant to Section 1 of Article Five of the Original Indenture, as amended by Part IV, Subpart C, of the Sixth Supplemental Indenture, dated as of September 1, 1940, the notice to be given with respect to the redemption of the Bonds in whole or in part, shall be limited to and shall consist of the giving by the Company or The Bank of New York Mellon Trust Company, N.A., Trustee, of a notice in writing (including by facsimile transmission or by electronic mail) of such redemption, at least 30 days, but not more than 60 days, prior to the date fixed for redemption to the holder of each Bond called for redemption at the holder's last address shown on the registry books of the Company.  Failure to so provide such notice to the holder of any Bond shall not affect the validity of the redemption proceedings with respect to any other Bond. 

PART V

    The Bonds shall be in substantially the forms set forth in a resolution of the Board of Directors or the Executive Committee of the Board of Directors of the Company, or a certificate evidencing action by an officer or officers of the Company, and may have placed thereon such letters, numbers or other marks of identification and such legends or endorsements as set forth in this Supplemental Indenture or as may be required to comply with the Securities Act of 1933, as amended (the “Securities Act”), any other laws, any other rules of the Securities and Exchange Commission or any securities exchange, or as may, consistently herewith, be determined to be necessary or appropriate by the officers executing the Bonds, as evidenced by their execution of the Bonds.
PART VI

    The duties, responsibilities, liabilities, immunities, rights, powers, and indemnities of the Trustees, and each of them, with respect to the trust created by the Amended Indenture, are hereby assumed by each of the Company and the Trustees and given to the Trustees, and each of them, with respect to the trust hereby created, and are so assumed and given subject to all the terms and provisions with respect thereto as set forth in the Amended Indenture, as fully and to all intents and purposes as if the same were herein set forth at length; and this Supplemental Indenture is executed by the Trustees for the purpose of evidencing their consent to the foregoing.

    The recitals contained herein shall be taken as the statements of the Company, and the Trustees assume no responsibility for the correctness thereof.  The Trustees make no representations as to the validity or sufficiency of this Supplemental Indenture.
6

PART VII

    The Series 2020C Bonds need not be issued at the same time and such series may be reopened at any time, without notice to or the consent of any then-existing holder or holders of any Bond, for issuances of additional Bonds in an unlimited principal amount.  Any such additional Bonds will have the same interest rate, maturity and other terms as those of that series initially issued, except for payment of interest accruing prior to the original issue date of such additional Bonds and, if applicable, for the first interest payment date following such original issue date.

PART VIII

    As amended and supplemented by this Supplemental Indenture, the Amended Indenture is in all respects ratified and confirmed, and the Original Indenture and all said indentures supplemental thereto including this Supplemental Indenture, shall be read, taken, and considered as one instrument, and the Company agrees to conform to and comply with all and singular the terms, provisions, covenants, and conditions set forth therein and herein.

PART IX

    In case any one or more of the provisions contained in this Supplemental Indenture should be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provisions contained in this Supplemental Indenture, and, to the extent and only to the extent that any such provision is invalid, illegal, or unenforceable, this Supplemental Indenture shall be construed as if such provision had never been contained herein.

PART X

    This Supplemental Indenture may be simultaneously executed and delivered in any number of counterparts, each of which, when so executed and delivered, shall be deemed to be an original. 

7

    IN WITNESS WHEREOF, the Company has caused its corporate name and seal to be hereunto affixed and this Supplemental Indenture to be signed by its President, or one of its Vice Presidents and attested by the signature of its Secretary or one of its Assistant Secretaries, for and in its behalf; said The Bank of New York Mellon Trust Company, N.A. has caused its name to be hereunto affixed, and this Supplemental Indenture to be signed, by one of its Vice Presidents or Assistant Vice Presidents or Agents; and said D. G. Donovan has hereunto executed this Supplemental Indenture; all as of the day and year first above written.  Executed in counterparts and in multiple.

			
	SOUTHERN CALIFORNIA EDISON COMPANY
	
	
	/s/ Natalia Woodward
	NATALIA WOODWARD
	Vice President and Treasurer

Attest:

/s/ Michael A. Henry 
MICHAEL A. HENRY
Assistant Secretary

(Seal)

						
	THE BANK OF NEW YORK MELLON TRUST 	
	COMPANY, N.A., Trustee	
		
		
	/s/ Eric Lindahl	
	Name: ERIC LINDAHL
	
	Title:  Vice President	
		
		
	/s/ D.G. Donovan	
	D.G. DONOVAN	
	Trustee	

Signed in Counterpart

						
	A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
	

STATE OF CALIFORNIA    }
}  ss.
COUNTY OF LOS ANGELES    }

    On this 29th day of September, 2020, before me, ANN M. DAVEY, a Notary Public, personally appeared NATALIA WOODWARD and MICHAEL A. HENRY, who proved to me on the basis of satisfactory evidence to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities, and that by their signatures on the instrument the persons, or the entity on behalf of which the persons acted, executed the instrument.

    I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

    WITNESS my hand and official seal.

			
	/s/ Ann M. Davey                                   
	Notary Public, State of California 

(Seal)

My Commission expires on June 9, 2021.

						
	A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.	

STATE OF ILLINOIS      }
  }  ss.
COUNTY OF COOK      }

    On this 29th day of September, 2020, before me, LAWRENCE M. KUSCH, a Notary Public, personally appeared ERIC LINDAHL, Vice President of THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., Trustee, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or entity on behalf of which the person acted, executed the instrument.

    WITNESS my hand and official seal.

			
	/s/ Lawrence M. Kusch                                  
	Notary Public, State of Illinois

(Seal)

My Commission expires on October 24, 2022.

STATE OF ILLINOIS    }
            }  ss.
COUNTY OF COOK    }

    On this 29th day of September, 2020, before me, LAWRENCE M. KUSCH, a Notary Public, personally appeared D.G. DONOVAN, Trustee, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or entity on behalf of which the person acted, executed the instrument.

    WITNESS my hand and official seal.

			
	/s/ Lawrence M. Kusch                                  
	Notary Public, State of Illinois

(Seal)

My Commission expires on October 24, 2022.

RECORDING REQUESTED BY

SOUTHERN CALIFORNIA EDISON COMPANY
									
			

WHEN RECORDED MAIL TO:

SOUTHERN CALIFORNIA EDISON COMPANY
TITLE AND REAL ESTATE SERVICES
2 INNOVATION WAY
POMONA, CA 91768
ATTENTION: CORPORATE REAL ESTATE
															
					

SPACE ABOVE THIS LINE FOR RECORDER’S USE

ONE HUNDRED FORTY-THIRD SUPPLEMENTAL INDENTURE

									
			

Southern California Edison Company

to

The Bank of New York Mellon Trust Company, N.A.

and

D. G. Donovan,

Trustees
									
			

DATED AS OF SEPTEMBER 29, 2020

RECORDING DATA

ONE HUNDRED FORTY-THIRD SUPPLEMENTAL INDENTURE

The One Hundred Forty-Third Supplemental Indenture of Southern California Edison Company, dated as of September 29, 2020, has been recorded and/or filed as follows:
															
	STATE OF CALIFORNIA				
					
	County	Filing Date	Orig	Copy	Instrument Number, Book and Page
	Fresno				
	Imperial				
	Inyo				
	Kern				
	Kings				
	Los Angeles				
	Madera				
	Merced				
	Modoc				
	Mono				
	Orange				
	Riverside				
	San Bernardino				
	San Diego				
	Santa Barbara				
	Stanislaus				
	Tulare				
	Tuolumne				
	Ventura				
					
	STATE OF ARIZONA				
					
	County				
	La Paz				
	Maricopa				
					
	STATE OF NEVADA				
					
	County				
	Churchill				
	Clark				
	Lyon				
	Mineral				
	Pershing				
	Washoe

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}]]