Document:

Seventh Senior Notes Supplemental Indenture to the 9.875% Senior Notes

 EXHIBIT 4.6.37 
 EXECUTION 
 The taking of this document or any certified copy of it or any other
document which constitutes substitute documentation for it, or any document which includes written confirmations or references to it, into Austria as well as printing out any e-mail communication which refers to this document in Austria or sending
any e-mail communication to which a pdf scan of this document is attached to an Austrian addressee or sending any e-mail communication carrying an electronic or digital signature which refers to this document to an Austrian addressee may cause the
imposition of Austrian stamp duty. Accordingly, keep the original document as well as all certified copies thereof and written and signed references to it outside of Austria and avoid printing out any e-mail communication which refers to this
document in Austria or sending any e-mail communication to which a pdf scan of this document is attached to an Austrian addressee or sending any e-mail communication carrying an electronic or digital signature which refers to this document to an
Austrian addressee. 
 SEVENTH SENIOR NOTES SUPPLEMENTAL INDENTURE (this “Seventh Senior Notes
Supplemental Indenture”) dated as of August 10, 2012 among Reynolds Group Issuer LLC, a Delaware limited liability company (the “US Issuer I”), Reynolds Group Issuer Inc., a Delaware corporation (the “US Issuer
II”), Reynolds Group Issuer (Luxembourg) S.A., a société anonyme (limited liability company) organized under the laws of Luxembourg (the “Luxembourg Issuer” and, together with the US Issuer I and the US Issuer
II, the “Issuers”), Beverage Packaging Holdings (Luxembourg) I S.A., as guarantor (“BP I”), the guarantors party hereto and The Bank of New York Mellon, as trustee (the “Trustee”), principal paying
agent, transfer agent and registrar, to the indenture dated as of August 9, 2011, as amended or supplemented (the “Senior Notes Indenture”), in respect of the issuance of an aggregate principal amount of $1,000,000,000 of
9.875% Senior Notes due 2019 (the “Senior Notes”). 
 W I T N E S S E T H : 

WHEREAS pursuant to Section 9.01(a)(xiv) of the Senior Notes Indenture, the Trustee, BP I and the Issuers are authorized to
make certain changes to the Senior Notes Indenture to provide for the issuance of Additional Senior Notes and to execute and deliver this Seventh Senior Notes Supplemental Indenture; 

WHEREAS, pursuant to the terms of the Senior Notes Indenture, the Issuers desire to provide for the issuance of Additional Senior Notes,
the form and substance of such Additional Senior Notes and the terms, provisions and conditions thereof to be set forth as provided in the Senior Notes Indenture and this Seventh Senior Notes Supplemental Indenture; and 

WHEREAS, the Senior Notes, including any Additional Senior Notes to be issued pursuant to this Seventh Senior Notes Supplemental
Indenture, shall be treated as a single class for all purposes under the Senior Notes Indenture, including waivers, amendments, redemptions and offers to purchase. 

 Capitalized terms used herein but not otherwise defined herein shall have the meanings
assigned to them in the Senior Notes Indenture. 
 NOW THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each Issuer, BP I and the other guarantors party hereto covenant and agree as follows: 
 1. Definitions. Unless the context otherwise requires: 
 (a) a term defined
in the Senior Notes Indenture has the same meaning when used in this Seventh Senior Notes Supplemental Indenture unless the definition of such term is amended and supplemented pursuant to this Seventh Senior Notes Supplemental Indenture; 

(b) a term defined anywhere in this Seventh Senior Notes Supplemental Indenture has the same meaning throughout; 

(c) the singular includes the plural and vice versa; 
 (d) a reference to a Section or Article is to a Section or Article in this Seventh Senior Notes Supplemental Indenture; 
 (e) headings are for convenience of reference only and do not affect interpretation; and 
 (f) Unless the context otherwise requires, for all purposes of the Senior Notes Indenture, references to the Senior Notes include the Additional 9.875% Senior Notes due 2019 (as defined below).

 2. Designation and Terms of Additional Senior Notes. 

(a) There is hereby authorized the issuance of Additional Senior Notes designated the “Additional 9.875% Senior Notes due 2019”;

 (b) The issue price for the Additional 9.875% Senior Notes due 2019 is 100% and the issue date is August 10, 2012;

 (c) Interest on the Additional 9.875% Senior Notes due 2019 shall accrue from February 15, 2012; 

(d) The aggregate principal amount of Additional 9.875% Senior Notes due 2019 which may be authenticated and delivered under the Senior
Notes Indenture is $1,240,050,000; 
 (e) The Additional 9.875% Senior Notes due 2019 will be represented by one or more global
securities (collectively, the “Global Senior Securities”) registered in the name of Cede & Co., a nominee of The Depository Trust Company, New York, New York (the “Depositary”), or another nominee of the Depositary. The
Global Senior Securities may be transferred, in whole and not in part, only to the Depositary or another nominee of the Depositary; and 

 (f) the Additional 9.875% Senior Notes due 2019 shall be issued in the form of Senior
Exchange Securities. 
 3. Ratification of Senior Notes Indenture; Seventh Senior Notes Supplemental Indenture Part of Senior
Notes Indenture. Except as expressly amended hereby, the Senior Notes Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Seventh Senior Notes
Supplemental Indenture shall form a part of the Senior Notes Indenture for all purposes, and every holder of a Senior Note heretofore or hereafter authenticated and delivered shall be bound hereby. 

4. Governing Law. THIS SEVENTH SENIOR NOTES SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. 
 5. Trustee Makes No Representation. The Trustee makes no representation as to the
validity or sufficiency of this Seventh Senior Notes Supplemental Indenture. 
 6. Indemnity. (a) The Issuers, BP I
and the other guarantors party hereto, subject to Section 10.08 of the Senior Notes Indenture, jointly and severally, shall indemnify the Trustee and each Agent (which in each case, for purposes of this Section, shall include its officers,
directors, employees, agents and counsel) against any and all loss, liability, claim, taxes, costs, damage or expense (including properly incurred attorneys’ fees and expenses) incurred by or in connection with the entry into this Seventh
Senior Notes Supplemental Indenture and the performance of its duties hereunder, including the costs and expenses of enforcing this Seventh Senior Notes Supplemental Indenture against the Issuers, BP I and the other guarantors party hereto
(including this Section) and defending itself against or investigating any claim (whether asserted by the Issuers, BP I, the other guarantors party hereto, any Holder or any other Person). The obligation to pay such amounts shall survive the
payment in full or defeasance of the Senior Notes or the removal or resignation of the Trustee or the applicable Agent. The Trustee or the applicable Agent shall notify the Issuers of any claim for which it may seek indemnity promptly upon obtaining
actual knowledge thereof; provided, however, that any failure so to notify the Issuers shall not relieve any of the Issuers, BP I or the other guarantors party hereto executing this Seventh Senior Notes Supplemental Indenture of
its indemnity obligations hereunder. The Issuers shall defend the claim and the indemnified party shall provide reasonable cooperation at the Issuers’ expense in the defense. Such indemnified parties may have separate counsel and the Issuers,
BP I and the other guarantors party hereto, as applicable, shall pay the fees and expenses of such counsel. The Issuers need not reimburse any expense or indemnify against any loss, liability or expense incurred by an indemnified party solely
through such party’s own willful misconduct, negligence or bad faith. 
 (b) To secure the payment obligations of the
Issuers, BP I and the other guarantors in this Section, the Trustee shall have a Lien prior to the Senior Notes on all money or property held or collected by the Trustee other than money or property held to pay principal of and interest on the
Senior Notes. 

 7. Duplicate Originals. The parties may sign any number of copies of this Seventh
Senior Notes Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 8. Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction thereof. 

9. No Adverse Interpretation of Other Agreements. This Seventh Senior Notes Supplemental Indenture may not be used to interpret
another indenture, loan or debt agreement of the Issuers, BP I, BP II, RGHL or any of their Subsidiaries. Any such indenture, loan or debt agreement may not be used to interpret this Seventh Senior Notes Supplemental Indenture. 

10. No Recourse Against Others. No director, officer, employee, manager, incorporator or holder of any Equity Interests in
BP I, BP II or any Issuer or any direct or indirect parent corporation will have any liability for any obligations of the Issuers or Senior Note Guarantors under the Senior Notes, this Seventh Senior Notes Supplemental Indenture, or for
any claim based on, in respect of, or by reason of, such obligations or their creation. Each holder of Senior Notes by accepting a Senior Note waives and releases all such liability. The waiver may not be effective to waive liabilities under the
federal securities laws. 
 11. Successors and Assigns. All covenants and agreements of the Issuers, BP I and the
other guarantors party hereto in this Seventh Senior Notes Supplemental Indenture and the Senior Notes shall bind their respective successors and assigns. All agreements of the Trustee in this Seventh Senior Notes Supplemental Indenture shall bind
its successors and assigns. 
 12. Severability. In case any one or more of the provisions contained in this Seventh
Senior Notes Supplemental Indenture or the Senior Notes shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Seventh Senior
Notes Supplemental Indenture or the Senior Notes. 
 13. Notices. Any order, consent, notice or communication shall be
sufficiently given if in writing in the English language and delivered in person, via facsimile, email or mailed by first class mail, postage prepaid, addressed as follows: 
 If to any of the Issuers: 
 Level 22 

20 Bond Street 

Sydney, NSW 2000, Australia 
 Attn: Helen Golding 
 Fax: +6192686693 

helen.golding@rankgroup.co.nz 

 If to the Trustee, Principal Paying Agent, Transfer Agent or Registrar: 

The Bank of New York Mellon 
 101 Barclay Street 4-E 
 New York, NY 10286 

Attn: International Corporate Trust 
 Fax: (212) 815-5366 
 catherine.donohue@bnymellon.com 

lesley.daley@bnymellon.com 
 14. Amendments and Modification. This Seventh Senior Notes Supplemental Indenture may be amended, modified, or supplemented only as permitted by the Senior Notes Indenture and by written agreement
of each of the parties hereto. 

 IN WITNESS WHEREOF, the parties hereto have caused this Seventh Senior Notes Supplemental
Indenture to be duly executed as of the date first above written. 
  

			
	REYNOLDS GROUP ISSUER LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Secretary
	
	REYNOLDS GROUP ISSUER INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Secretary
	
	 REYNOLDS GROUP ISSUER (LUXEMBOURG)
 S.A.

		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Officer

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	 BEVERAGE PACKAGING HOLDINGS
 (LUXEMBOURG) I S.A.

		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	REYNOLDS GROUP HOLDINGS LIMITED
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Authorized Signatory

 
					
		
		 	Witnessed by:
		
		 	 /s/ Karen Mower

		 	Name:	 	Karen Mower
		 	Title:	 	Attorney
		 	Address:	 	Sydney, Australia

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	BAKERS CHOICE PRODUCTS, INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	REYNOLDS PRESTO PRODUCTS INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	REYNOLDS CONSUMER PRODUCTS INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	REYNOLDS SERVICES INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Secretary
	
	SIG HOLDING USA, LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	SIG COMBIBLOC INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	REYNOLDS GROUP HOLDINGS INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Secretary
	
	REYNOLDS CONSUMER PRODUCTS HOLDINGS LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Vice President & Secretary
	
	EVERGREEN PACKAGING INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Secretary
	
	EVERGREEN PACKAGING USA INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Secretary

  

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	CLOSURES SYSTEMS INTERNATIONAL PACKAGING MACHINERY INC.
		
	By:	 	 /s/ Stephanie A. Blackman

	Name:	 	Stephanie A. Blackman
	Title:	 	Secretary
	
	SOUTHERN PLASTICS INC.
		
	By:	 	 /s/ Stephanie A. Blackman

	Name:	 	Stephanie A. Blackman
	Title:	 	Secretary
	
	CLOSURE SYSTEMS INTERNATIONAL HOLDINGS INC.
		
	By:	 	 /s/ Stephanie A. Blackman

	Name:	 	Stephanie A. Blackman
	Title:	 	Secretary
	
	CLOSURE SYSTEMS INTERNATIONAL AMERICAS, INC.
		
	By:	 	 /s/ Stephanie A. Blackman

	Name:	 	Stephanie A. Blackman
	Title:	 	Secretary
	
	CLOSURE SYSTEMS INTERNATIONAL INC.
		
	By:	 	 /s/ Stephanie A. Blackman

	Name:	 	Stephanie A. Blackman
	Title:	 	Secretary

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	CLOSURE SYSTEMS MEXICO HOLDINGS LLC
		
	By:	 	 /s/ Stephanie A. Blackman

	Name:	 	Stephanie A. Blackman
	Title:	 	Secretary
	
	CSI MEXICO LLC
		
	By:	 	 /s/ Stephanie A. Blackman

	Name:	 	Stephanie A. Blackman
	Title:	 	Secretary
	
	CSI SALES & TECHNICAL SERVICES INC.
		
	By:	 	 /s/ Stephanie A. Blackman

	Name:	 	Stephanie A. Blackman
	Title:	 	Secretary

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	EVERGREEN PACKAGING INTERNATIONAL (US) INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Secretary
	
	BLUE RIDGE HOLDING CORP.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Secretary
	
	BRPP, LLC
		
	By:	 	 BLUE RIDGE PAPER PRODUCTS INC.,
 its Sole Member and Manager

		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Secretary
	
	BLUE RIDGE PAPER PRODUCTS INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Secretary
	
	REYNOLDS PACKAGING HOLDINGS LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Vice President & Secretary

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	REYNOLDS FLEXIBLE PACKAGING INC.
		
	By:	 	 /s/ Joseph E. Doyle

	Name:	 	Joseph E. Doyle
	Title:	 	Assistant Secretary
	
	REYNOLDS FOOD PACKAGING LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	REYNOLDS PACKAGING KAMA INC.
		
	By:	 	 /s/ Joseph E. Doyle

	Name:	 	Joseph E. Doyle
	Title:	 	Vice President & Assistant Secretary
	
	REYNOLDS PACKAGING LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	ULTRA PAC, INC.
		
	By:	 	 /s/ Joseph E. Doyle

	Name:	 	Joseph E. Doyle
	Title:	 	Vice President & Assistant Secretary
	
	NEWSPRING INDUSTRIAL CORP.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Vice President

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	PACTIV LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Vice President
	
	PACTIV GERMANY HOLDINGS, INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Vice President
	
	PACTIV INTERNATIONAL HOLDINGS INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Vice President
	
	PACTIV MANAGEMENT COMPANY LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Vice President

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	PCA WEST INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Vice President
	
	PWP INDUSTRIES, INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Vice President
	
	PRAIRIE PACKAGING, INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Vice President

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	RENPAC HOLDINGS INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Secretary
	
	REYNOLDS MANUFACTURING, INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Secretary
	
	GRAHAM PACKAGING COMPANY INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	BCP/GRAHAM HOLDINGS L.L.C.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GPC HOLDINGS LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

			
	Signed, sealed and delivered by WHAKATANE MILL AUSTRALIA PTY LIMITED by the party’s attorney pursuant to power of attorney dated 29 February 2012 who states that no notice
of revocation of the power of attorney has been received in the presence of:	 	 )
 )
 )
 )
 )
 )
 )

  

					
	 /s/ Karen Mower
	 		 	 /s/ Cindi Lefari

	Witness	 		 	Attorney
			
	 Karen Mower
	 		 	 Cindi Lefari

	Name of Witness	 		 	Name of Attorney

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	SIG AUSTRIA HOLDING GMBH
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney
	
	SIG COMBIBLOC GMBH
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney
	
	SIG COMBIBLOC GMBH & CO KG
	
	 REPRESENTED BY ITS GENERAL
 PARTNER SIG COMBIBLOC GMBH

		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	 CLOSURE SYSTEMS INTERNATIONAL
 (BRAZIL) SISTEMAS DE VEDAÇÃO LTDA.

		
	By:	 	 /s/ Guilherme Rodrigues Miranda

	Name:	 	Guilherme Rodrigues Miranda
	Title:	 	Manager
	
	SIG BEVERAGES BRASIL LTDA.
		
	By:	 	 /s/ Felix Colas Morea

	Name:	 	Felix Colas Morea
	Title:	 	Manager
	
	SIG COMBIBLOC DO BRASIL LTDA.
		
	By:	 	 /s/ Ricardo Lança Rodriguez

	Name:	 	Ricardo Lança Rodriguez
	Title:	 	Manager
		
	By:	 	 /s/ Lutz Knut Braune

	Name:	 	Lutz Knut Braune
	Title:	 	Manager

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	CSI LATIN AMERICAN HOLDINGS CORPORATION
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	EVERGREEN PACKAGING CANADA LIMITED
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	PACTIV CANADA INC.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	 CSI CLOSURE SYSTEMS

MANUFACTURING DE CENTRO
 AMERICA SOCIEDAD
DE
 RESPONSABILIDAD LIMITADA

		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Attorney-in-Fact

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	CLOSURE SYSTEMS INTERNATIONAL DEUTSCHLAND GMBH
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	CLOSURE SYSTEMS INTERNATIONAL HOLDINGS (GERMANY) GMBH
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	SIG BEVERAGES GERMANY GMBH
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	SIG COMBIBLOC GMBH
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	SIG COMBIBLOC SYSTEMS GMBH
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	SIG COMBIBLOC HOLDING GMBH
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	SIG COMBIBLOC
	ZERSPANUNGSTECHNIK GMBH
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	SIG INTERNATIONAL SERVICES GMBH
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	SIG BETEILIGUNGS GMBH
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	SIG INFORMATION TECHNOLOGY GMBH
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	PACTIV DEUTSCHLAND HOLDINGGESELLSCHAFT MBH
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	OMNI-PAC EKCO GMBH VERPACKUNGSMITTEL
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	 OMNI-PAC GMBH

VERPACKUNGSMITTEL

		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

					
	SIG Euro Holding AG & CO. KGaA
	
	towards all parties to this Agreement other than SIG Reinag AG, acting through its general partner (Komplementär) SIG Reinag AG
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	towards SIG Reinag AG, acting through its supervisory board (Aufsichtsrat), represented by the chairman of the supervisory board acting as its authorized
representative
		
		 	 /s/ Rolf Stangl

		 	Name:	 	Rolf Stangl
		 	Title:	 	Chairman of the supervisory board

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	SIG ASSET HOLDINGS LIMITED
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	 CLOSURE SYSTEMS INTERNATIONAL
 (HONG KONG) LIMITED

		
	By:	 	 /s/ Karen Michelle Mower

	Name:	 	Karen Michelle Mower
	Title:	 	Authorized Signatory
	
	SIG COMBIBLOC LIMITED
		
	By:	 	 /s/ Karen Michelle Mower

	Name:	 	Karen Michelle Mower
	Title:	 	Authorized Signatory
	
	EVERGREEN PACKAGING (HONG KONG) LIMITED
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Michelle Mower
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	CSI HUNGARY KFT.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	CLOSURE SYSTEMS INTERNATIONAL
HOLDINGS (JAPAN) KK
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Attorney
	
	CLOSURE SYSTEMS INTERNATIONAL
JAPAN, LIMITED
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Attorney

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	BEVERAGE PACKAGING HOLDINGS
(LUXEMBOURG) III S.À.R.L.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	EVERGREEN PACKAGING
(LUXEMBOURG) S.À.R.L.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	GRUPO CSI DE MÉXICO, S. DE R.L. DE C.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	BIENES INDUSTRIALES DEL NORTE, S.A. DE C.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	TÉCNICOS DE TAPAS INNOVATIVAS, S.A. DE C.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	CSI EN ENSENADA, S. DE R.L. DE C.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	CSI TECNISERVICIO, S. DE R.L. DE C.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	CSI EN SALTILLO, S. DE R.L. DE C.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	EVERGREEN PACKAGING MÉXICO, S. DE
R.L. DE C.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	REYNOLDS METALS COMPANY DE
MÉXICO, S. DE R.L. DE C.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	PACTIV FOODSERVICE MÉXICO, S. DE R.L. DE C.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	SERVICIOS INDUSTRIALES JAGUAR, S.A. DE C.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	SERVICIO TERRESTRE JAGUAR, S.A. DE C.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	GRUPO CORPORATIVO JAGUAR, S.A. DE C.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	PACTIV MÉXICO, S. DE R.L. DE C.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	CLOSURE SYSTEMS INTERNATIONAL B.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	EVERGREEN PACKAGING INTERNATIONAL B.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	REYNOLDS CONSUMER PRODUCTS INTERNATIONAL B.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory
	
	REYNOLDS PACKAGING INTERNATIONAL B.V.
		
	By:	 	 /s/ Karen Mower

	Name:	 	Karen Mower
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
					
	WHAKATANE MILL LIMITED
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Authorized Signatory
		
		 	Witnessed By:
		
		 	 /s/ Karen Mower

		 	Name:	 	Karen Mower
		 	Title:	 	Attorney
		 	Address:	 	Sydney, Australia

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	SIG COMBIBLOC GROUP AG
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney
	
	SIG COMBIBLOC (SCHWEIZ) AG
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney
	
	SIG ALLCAP AG
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney
	
	SIG SCHWEIZERISCHE INDUSTRIE-GESELLSCHAFT AG
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney
	
	SIG TECHNOLOGY AG
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney
	
	SIG COMBIBLOC PROCUREMENT AG
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	SIG COMBIBLOC LTD.
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

			
	SIG HOLDINGS (UK) LIMITED
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney
	
	SIG COMBIBLOC LIMITED
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney
	
	REYNOLDS CONSUMER PRODUCTS (UK) LIMITED
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney
	
	REYNOLDS SUBCO (UK) LIMITED
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney
	
	CLOSURE SYSTEMS INTERNATIONAL (UK) LIMITED
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney
	
	IVEX HOLDINGS, LTD.
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	KAMA EUROPE LIMITED
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney
	
	OMNI-PAC U.K. LIMITED
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney
	
	THE BALDWIN GROUP LIMITED
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney
	
	J. & W. BALDWIN (HOLDINGS) LIMITED
		
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	GRAHAM PACKAGING PX COMPANY
		
	By:	 	 GRAHAM PACKAGING PX, LLC,

its general partner

		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GRAHAM PACKAGING PX, LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GPACSUB LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GPC CAPITAL CORP. I
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GPC CAPITAL CORP. II
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	GPC OPCO GP LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GPC SUB GP LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GRAHAM PACKAGING ACQUISITION CORP.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GRAHAM PACKAGING COMPANY, L.P.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GRAHAM PACKAGING GP ACQUISITION LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GRAHAM PACKAGING LC, L.P.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	GRAHAM PACKAGING LP ACQUISITION LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GRAHAM PACKAGING PET TECHNOLOGIES INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GRAHAM PACKAGING PLASTIC PRODUCTS INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GRAHAM PACKAGING PX HOLDING CORPORATION
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GRAHAM PACKAGING REGIOPLAST STS INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	GRAHAM PACKAGING MINSTER LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GRAHAM PACKAGING HOLDINGS COMPANY
		
	By:	 	BCP/GRAHAM HOLDINGS L.L.C., its general partner
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GRAHAM RECYCLING COMPANY, L.P.
		
	By:	 	GPC SUB GP LLC, its general partner
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	GRAHAM PACKAGING WEST JORDAN, LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Assistant Secretary
	
	BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) IV S.À R.L.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES) 

 
			
	THE BANK OF NEW YORK MELLON, as Trustee, Principal Paying Agent, Transfer Agent and Registrar
		
	By:	 	 /s/ Catherine F. Donohue

	Name:	 	Catherine F. Donohue
	Title:	 	Vice President

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011 – ADDITIONAL NOTES)Eighth Senior Notes Supplemental Indenture to the 9.875% Senior Notes

 EXHIBIT 4.6.38 
 EXECUTION 
 The taking of this document or any certified copy of it or any other
document which constitutes substitute documentation for it, or any document which includes written confirmations or references to it, into Austria as well as printing out any e-mail communication which refers to this document in Austria or sending
any e-mail communication to which a pdf scan of this document is attached to an Austrian addressee or sending any e-mail communication carrying an electronic or digital signature which refers to this document to an Austrian addressee may cause the
imposition of Austrian stamp duty. Accordingly, keep the original document as well as all certified copies thereof and written and signed references to it outside of Austria and avoid printing out any e-mail communication which refers to this
document in Austria or sending any e-mail communication to which a pdf scan of this document is attached to an Austrian addressee or sending any e-mail communication carrying an electronic or digital signature which refers to this document to an
Austrian addressee. 
 EIGHTH SENIOR NOTES SUPPLEMENTAL INDENTURE (this “Senior Notes Supplemental
Indenture”) dated as of November 7, 2012 among Reynolds Group Issuer LLC, a Delaware limited liability company (the “US Issuer I”), Reynolds Group Issuer Inc., a Delaware corporation (the “US Issuer
II”), Reynolds Group Issuer (Luxembourg) S.A., a société anonyme (limited liability company) organized under the laws of Luxembourg (the “Luxembourg Issuer” and, together with the US Issuer I and the US Issuer
II, the “Issuers”), BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) I S.A., a société anonyme (limited liability company) organized under the laws of Luxembourg (“BP I”), International Tray Pads &
Packaging, Inc., a North Carolina corporation (the “Additional Senior Note Guarantor”), and THE BANK OF NEW YORK MELLON, as trustee, principal paying agent, transfer agent and registrar (the “Trustee”), under the
indenture dated as of August 9, 2011, as amended or supplemented (the “Senior Notes Indenture”), in respect of the issuance of an aggregate principal amount of $1,000,000,000 of 9.875% Senior Notes due 2019 (the “Senior
Notes”). 
 W I T N E S S E T H : 
 WHEREAS pursuant to Section 4.11 of the Senior Notes Indenture, each Restricted Subsidiary (unless such Subsidiary is an Issuer, a Senior Note Guarantor or a Receivables Subsidiary) that guarantees,
assumes or in any other manner becomes liable with respect to any Indebtedness under any Credit Agreement is required to execute and deliver to the Trustee a supplemental indenture pursuant to which such Restricted Subsidiary shall guarantee payment
of the Senior Notes; 

 WHEREAS pursuant to Section 9.01 of the Senior Notes Indenture, the Trustee, BP I and
the Issuers are entitled to execute and deliver this Senior Notes Supplemental Indenture; 
 Capitalized terms used herein but
not otherwise defined herein shall have the meanings assigned to them in the Senior Notes Indenture. 
 NOW THEREFORE, in
consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Additional Senior Note Guarantor covenants and agrees for the equal and ratable benefit of the Holders of
the Senior Notes as follows: 
 1. Guarantee. The Additional Senior Note Guarantor hereby jointly and severally with all
other Senior Note Guarantors unconditionally guarantee the Issuers’ obligations under the Senior Notes and the Senior Notes Indenture on the terms and subject to the conditions set forth in Article X of the Senior Notes Indenture and agrees to
be bound as a Senior Note Guarantor by all the other applicable provisions of the Senior Notes Indenture. 
 2. Ratification
of Senior Notes Indenture; Senior Notes Supplemental Indenture Part of Senior Notes Indenture. Except as expressly amended hereby, the Senior Notes Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions
thereof shall remain in full force and effect. This Senior Notes Supplemental Indenture shall form a part of the Senior Notes Indenture for all purposes, and every holder of a Senior Note heretofore or hereafter authenticated and delivered shall be
bound hereby. 
 3. Governing Law. THIS SENIOR NOTES SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 4. Trustee Makes No Representation. The Trustee makes no
representation as to the validity or sufficiency of this Senior Notes Supplemental Indenture. 
 5. Duplicate Originals.
The parties may sign any number of copies of this Senior Notes Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 

6. Effect of Headings. The Section headings herein are for convenience only and shall not effect the construction thereof.

  
 2 

 7. No Adverse Interpretation of Other Agreements. This Senior Notes Supplemental
Indenture may not be used to interpret another indenture, loan or debt agreement of the Issuers, BP I, BP II, RGHL or any of their Subsidiaries. Any such indenture, loan or debt agreement may not be used to interpret this Senior Notes Supplemental
Indenture. 
 8. No Recourse Against Others. No (i) director, officer, employee, manager, incorporator or holder of
any Equity Interests in BP I, BP II or any Issuer or any direct or indirect parent corporation or (ii) director, officer, employee or manager of the Additional Senior Note Guarantor, will have any liability for any obligations of the Issuers
under the Senior Notes, this Senior Notes Supplemental Indenture, the Senior Note Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation; provided, however, the foregoing shall not in
any manner affect the liability of the Additional Senior Note Guarantor with respect to its Senior Note Guarantee. Each holder of Senior Notes by accepting a Senior Note waives and releases all such liability. The waiver and release are part of the
consideration for issuance of the Senior Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 
 9. Indemnity. (a) The Issuers, BP I and the Additional Senior Note Guarantor executing this Senior Notes Supplemental Indenture, subject to Section 10.08 of the Senior Notes Indenture,
jointly and severally, shall indemnify the Trustee and each Agent (which in each case, for purposes of this Section, shall include its officers, directors, employees, agents and counsel) against any and all loss, liability, claim, taxes, costs,
damage or expense (including properly incurred attorneys’ fees and expenses) incurred by or in connection with the acceptance or administration of this trust and the performance of its duties hereunder, including the costs and expenses of
enforcing this Senior Notes Supplemental Indenture or a Senior Note Guarantee provided herein against the Issuers, BP I or the Additional Senior Note Guarantor (including this Section) and defending itself against or investigating any claim (whether
asserted by the Issuers, BP I, the Additional Senior Note Guarantor, any Holder or any other Person). The obligation to pay such amounts shall survive the payment in full or defeasance of the Senior Notes or the removal or resignation of the Trustee
or the applicable Agent. The Trustee or the applicable Agent shall notify the Issuers of any claim for which it may seek indemnity promptly upon obtaining actual knowledge thereof; provided, however, that any failure so to notify the
Issuers shall not relieve any of the Issuers, BP I or the Additional Senior Note Guarantor executing this Senior Notes Supplemental Indenture of its indemnity obligations hereunder. The Issuers shall defend the claim and the indemnified party shall
provide reasonable cooperation at the Issuers’ expense in the defense. Such indemnified parties may have separate counsel and the Issuers, BP I and the Additional Senior Note Guarantor, as applicable, shall pay the fees and expenses of such
counsel. The Issuers need not reimburse any expense or indemnify against any loss, liability or expense incurred by an indemnified party solely through such party’s own willful misconduct, negligence or bad faith. 

  
 3 

 (b) To secure the payment obligations of the Issuers, BP I and the Additional Senior Note
Guarantor in this Section, the Trustee shall have a Lien prior to the Senior Notes on all money or property held or collected by the Trustee other than money or property held to pay principal of and interest on the Senior Notes. 

10. Successors and Assigns. All covenants and agreements of the Issuers and the Additional Senior Note Guarantor in this Senior
Notes Supplemental Indenture and the Senior Notes shall bind their respective successors and assigns. All agreements of the Trustee in this Senior Notes Supplemental Indenture shall bind its successors and assigns. 

11. Severability. In case any one or more of the provisions contained in this Senior Notes Supplemental Indenture or the Senior
Notes shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Senior Notes Supplemental Indenture or the Senior Notes.

 12. Notices. Any order, consent, notice or communication shall be sufficiently given if in writing and delivered in
person or mailed by first class mail, postage prepaid, addressed as follows: 
 If to any of the Issuers or the Additional
Senior Note Guarantor: 
 Level 22 
 20 Bond Street, 
 Sydney, NSW 2000, Australia 

Attn: Helen Golding 
 Fax: +6192686693 
 helen.golding@rankgroup.co.nz 

If to the Trustee, Principal Paying Agent, Transfer Agent or Registrar: 

The Bank of New York Mellon 
 101 Barclay Street 4-E 
 New York, NY 10286 

Attn: International Corporate Trust 
 Fax: (212) 815-5366 
 catherine.donohue@bnymellon.com 

lesley.daley@bnymellon.com 

  
 4 

 13. Amendments and Modification. This Senior Notes Supplemental Indenture may be
amended, modified, or supplemented only as permitted by the Senior Notes Indenture and by written agreement of each of the parties hereto. 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Senior Notes Supplemental Indenture
to be duly executed as of the date first above written. 
  

			
	REYNOLDS GROUP ISSUER INC.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Secretary
	
	REYNOLDS GROUP ISSUER LLC
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Secretary
	
	REYNOLDS GROUP ISSUER (LUXEMBOURG) S.A.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Authorized Signatory
	
	BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) I S.A.
		
	By:	 	 /s/ Helen Dorothy Golding

	Name:	 	Helen Dorothy Golding
	Title:	 	Authorized Signatory

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011) 

			
	INTERNATIONAL TRAY PADS & PACKAGING, INC.
		
	        By	 	 /s/ Joseph Doyle

	        Name:	 	Joseph Doyle
	        Title:	 	Secretary

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011) 

			
	THE BANK OF NEW YORK MELLON, as Trustee, Principal Paying Agent, Transfer Agent and Registrar
		
	By:	 	 /s/ Orla Forrester

	Name:	 	Orla Forrester
	Title:	 	Vice President

  

SUPPLEMENTAL INDENTURE 
 (SENIOR NOTES – AUGUST 2011)

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