Document:

exv10w112

Exhibit 10.112

 

Letter of Indemnification

Dated 6 July, 2011

Reynolds Group Holdings Limited

for the benefit and in favour of

the Indemnitees defined in this Letter of Indemnification

(Germany)

 

 

 

Contents

	 	 	 	 	 
	Clause	 	Page
	1. Definitions
	 	 	2	 
	 
	 	 	 	 
	2. Indemnification
	 	 	2	 
	 
	 	 	 	 
	3. Limitations on Indemnification
	 	 	2	 
	 
	 	 	 	 
	4. Indemnification Procedure
	 	 	3	 
	 
	 	 	 	 
	5. Severability
	 	 	4	 
	 
	 	 	 	 
	6. Governing law
	 	 	4	 
	 
	 	 	 	 
	7. Amendments
	 	 	4	 
	 
	 	 	 	 
	8. Continuation of Agreement
	 	 	4	 
	 
	 	 	 	 
	Schedule
	 	 	 	 
	 
	 	 	 	 
	1. Part A: German Subsidiaries
	 	 	6	 
	 
	 	 	 	 
	2. Part B: List of Indemnitees
	 	 	7	 

 

 

THIS LETTER OF INDEMNIFICATION is made on 6 July, 2011

BY:

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

IN FAVOUR AND FOR THE BENEFIT OF:

Each Indemnitee (as defined below). 

BACKGROUND

	A.	 	As part of the Reynolds group of companies (the “Reynolds Group”), each German
Subsidiary (as defined below) is a guarantor and/or a security provider (as relevant) in respect of
the Reynolds Group’s existing financing arrangements (the
“Existing Financing Arrangements”).
	 
	B.	 	It is currently intended that RGHL will indirectly acquire Graham Packaging Company
Inc. (“GPC”) through the merger of an indirect wholly owned subsidiary of RGHL with and into GPC,
with GPC surviving such merger and becoming an indirect wholly owned subsidiary of RGHL (the
“Acquisition”).
	 
	C.	 	In order to fund the Acquisition and the associated costs and transactions required to
effect the Acquisition, certain members of the Reynolds Group intend to incur additional
indebtedness; in connection with this additional indebtedness, the Existing Financing Arrangements
may be supplemented and/or amended (collectively, the “Financing Transactions”).
	 
	 	 	In addition, certain of the German Subsidiaries may be required to take certain steps as may be
necessary or desirable to effect corporate restructuring(s) and other steps necessary or desirable
to implement the Acquisition and may also participate in and take steps in connection with the
acquisition of certain of the GPC entities, and associated steps to fund such acquisitions, by
members of the Reynolds Group upon or following closing of the Acquisition, including, without
limitation, by way of entry into any acquisition agreement(s), loan agreements, capital increases
and/or any other related and necessary documents (the “Acquisition and Structuring
Transactions”).
	 
	 	 	Furthermore, certain of the German Subsidiaries may be required to take certain steps as may be
necessary or desirable to effect other acquisitions, dispositions, financings, refinancings or
corporate restructurings in connection with any future acquisition, disposition, financing,
corporate restructuring or any other transaction entered into by members of the Reynolds Group,
including, without limitation, by way of entry into any acquisition agreement, indenture, credit or
other financing agreement, intercreditor agreement, guarantee, security document, purchase
agreement, registration rights agreement or any other document, or any joinder to, or amendment or

 

 

	 	 	affirmation of, such document (each such transaction, a “Prospective Transaction”, and
collectively, the “Prospective Transactions”).
	 
	 	 	(The Financing Transactions together with the Acquisition and Structuring Transactions and the
Prospective Transactions are, collectively, the “Transactions”, and the documents relating
to the Transactions, are collectively, the “Transaction Documents”.)
	 
	D.	 	RGHL has agreed to provide an indemnity to the Indemnitees (as defined below) in
respect of the Transactions, as further described below.

It is the intention of RGHL that this document be executed as a Letter of Indemnification in favour
and for the benefit of each Indemnitee.

IT IS AGREED as follows:

	1.	 	Definitions
	 
	 	 	“Director” means with respect to companies incorporated under German law any managing
director (Geschaftsfuhrer), and, after the date of this Letter of Indemnification, any person
serving as or elected to or appointed to serve as a managing director
(Geschaftsfuhrer) of a German
Subsidiary.
	 
	 	 	“German Subsidiary” means each company listed in Part A of the Schedule to this Letter of
Indemnification.
	 
	 	 	“Indemnitee” means each person listed in Part B of the Schedule to this Letter of
Indemnification and, after the date of this Letter of Indemnification, any person serving as or
elected to or appointed to serve as a Director of a German Subsidiary.
	 
	2.	 	Indemnification
	 
	 	 	Subject to an Indemnitee complying with the procedures of clause 4 below, RGHL shall — upon first
demand (auf erstes Anfordern) — indemnify (freistellen) each Indemnitee against all legal expenses,
losses, liabilities, judgments, fines, penalties and amounts paid in settlement (including all
interest, assessments and other charges in connection therewith) incurred by an Indemnitee or on an
Indemnitee’s behalf in connection with any proceeding resulting from or relating to decisions the
Indemnitee made or any actions the Indemnitee took on behalf of a German Subsidiary in his or her
capacity as a Director of that company in connection with any Transactions or the approval or
execution of any Transaction Document or associated corporate authorization or resolutions or
documents in relation to the Transactions (“Indemnified Liabilities”).
	 
	3.	 	Limitations on Indemnification
	 
	 	 	Notwithstanding any other provision of this Letter of Indemnification, an Indemnitee shall not be
entitled to indemnification under this Letter of Indemnification:

2

 

	 	(a)	 	to the extent that such indemnification is not permitted by applicable laws; or
	 
	 	(b)	 	to the extent such Indemnified Liabilities are the result of gross negligence, bad
faith or wilful misconduct of the Indemnitee; or
	 
	 	(c)	 	to the extent that payment is actually made, or for which payment may be immediately
claimed, to or on behalf of the relevant Indemnitee under an insurance policy, except in respect of
any amount in excess of the limits of liability of such policy or any applicable deductible for
such policy; or
	 
	 	(d)	 	to the extent that payment has or will be made to the relevant Indemnitee by a German
Subsidiary or any affiliate of RGHL otherwise than pursuant to this Letter of Indemnification; or
	 
	 	(e)	 	in connection with any proceeding (or part thereof) or appeal in relation to a
proceeding initiated by an Indemnitee, unless:

	 	(i)	 	such indemnification is expressly required to be made by law,
	 
	 	(ii)	 	the proceeding was authorised by the shareholder(s) (or other decision making organ)
of a German Subsidiary; or
	 
	 	(iii)	 	such indemnification is provided by the relevant German Subsidiary, in
its sole discretion, pursuant to the powers vested in a German Subsidiary under applicable
law.

	4.	 	Indemnification Procedure

	 	4.1	 	To qualify for indemnification under this Letter of Indemnification, each
Indemnitee shall give RGHL notice in writing as soon as practicable of any proceeding in
relation to that Indemnitee for which indemnification will or could be sought under this
Letter of Indemnification.
	 
	 	4.2	 	To obtain indemnification payments or advances under this Letter of
Indemnification, an Indemnitee shall submit to RGHL a written request therefore, together
with such invoices or other supporting information as may be reasonably requested by RGHL
and reasonably available to the relevant Indemnitee.
	 
	 	4.3	 	Subject to clauses 4.2 and 4.4, RGHL shall make such indemnification payment within
30 business days of receipt of such invoices and supporting information.
	 
	 	4.4	 	There shall be no presumption in favour of indemnification. If there is a dispute
between RGHL and an Indemnitee as to whether that Indemnitee is entitled to
indemnification, then independent legal

3

 

	 	 	 	counsel shall be selected by the board of directors of RGHL to make such determination. The
selected independent legal counsel shall make such determination within 30 business days of being
selected and the decision of such independent legal counsel shall be binding upon all RGHL and the
relevant Indemnitee.

	 	4.5	 	Each Indemnitee shall be obliged as soon as practicable to claim his
rights under any applicable insurance policy and shall assign to RGHL any related
payments claims under such insurance policy. However this clause does not affect the
Indemnitee’s right to indemnification under clause 2 above.

	5.	 	Severability
	 
	 	 	If any provision or provisions of this Letter of Indemnification shall be held to be invalid,
illegal or unenforceable for any reason, the validity, legality and enforceability of the remaining
provisions of this Letter of Indemnification shall not in any way be affected or impaired thereby
and shall remain enforceable to the fullest extent permitted by law.
	 
	6.	 	Governing law
	 
	 	 	This Letter of Indemnification shall be governed by and its provisions construed in accordance with
German law.
	 
	 	 	Whenever an English term of this Letter of Indemnification is followed by a German term in
parenthesis, the German term shall prevail for the purpose of construction of this Letter of
Indemnification.
	 
	7.	 	Amendments
	 
	 	 	No amendment or modification of this Letter of Indemnification shall be effective unless it is
approved in writing by each Indemnitee having the benefit of this Letter of Indemnification.
	 
	8.	 	Continuation of Agreement
	 
	 	 	This Letter of Indemnification shall remain in effect in favour and for the benefit of each
Indemnitee with respect to any action or failure to act of such Indemnitee during the term of
service of such Indemnitee as a Director of the relevant German Subsidiary, whether or not the term
of service of such Indemnitee has concluded.

4

 

This Letter of Indemnification has been executed as of the date stated at the beginning hereof.

Reynolds Group Holdings Limited

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

5

 

	 	 	 	 	 

Schedule

Part A

German Subsidiaries

	•	 	Closure Systems International Holdings (Germany) GmbH
	 
	•	 	Closure Systems International Deutschland GmbH

6

 

Part B

List of Indemnitees

	•	 	Wolf-Friedrich Bähre
	 
	•	 	Gregory Alan Cole
	 
	•	 	Helen Dorothy Golding
	 
	•	 	Victor Lance Mitchell
	 
	•	 	Robert Eugene Smith

7exv10w113

Exhibit 10.113

 

Letter of Indemnification

Dated 6 July, 2011

Reynolds Group Holdings Limited

for the benefit and in favour of

the Indemnitees defined in this Letter of Indemnification

(Germany)

 

 

 

Contents

	 	 	 	 	 
	Clause	 	Page	 
	1. Definitions
	 	 	2	 
	 
	 	 	 	 
	2. Indemnification
	 	 	2	 
	 
	 	 	 	 
	3. Limitations on Indemnification
	 	 	3	 
	 
	 	 	 	 
	4. Indemnification Procedure
	 	 	3	 
	 
	 	 	 	 
	5. Severability
	 	 	4	 
	 
	 	 	 	 
	6. Governing law; Jurisidication
	 	 	4	 
	 
	 	 	 	 
	7. Amendments
	 	 	4	 
	 
	 	 	 	 
	Schedule
	 	 	 	 
	 
	 	 	 	 
	1. Part A: German Subsidiary
	 	 	6	 
	 
	 	 	 	 
	2. Part B: List of Indemnitees
	 	 	7	 

 

 

THIS LETTER OF INDEMNIFICATION is dated on 6 July, 2011 and made between

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

and

Each Indemnitee (as defined below).

BACKGROUND

	A.	 	As part of the Reynolds group of companies (the “Reynolds Group”), each German
Subsidiary (as defined below) is a guarantor and/or a security provider (as relevant) in
respect of the Reynolds Group’s existing financing arrangements (the “Existing Financing
Arrangements”).

	B.	 	It is currently intended that RGHL will indirectly acquire Graham Packaging
Company Inc. (“GPC”) through the merger of an indirect wholly owned subsidiary of RGHL with
and into GPC, with GPC surviving such merger and becoming an indirect wholly owned subsidiary
of RGHL (the “Acquisition”).

	C.	 	In order to fund the Acquisition and the associated costs and transactions
required to effect the Acquisition, certain members of the Reynolds Group intend to incur
additional indebtedness; in connection with this additional indebtedness, the Existing
Financing Arrangements may be supplemented and/or amended (collectively, the “Financing
Transactions”).

	 	 	In addition, certain of the German Subsidiaries may be required to take certain steps as
may be necessary or desirable to effect corporate restructuring(s) and other steps
necessary or desirable to implement the Acquisition and may also participate in and take
steps in connection with the acquisition of certain of the GPC entities, and associated
steps to fund such acquisitions, by members of the Reynolds Group upon or following closing
of the Acquisition, including, without limitation, by way of entry into any acquisition
agreement(s), loan agreements, capital increases and/or any other related and necessary
documents (the “Acquisition and Structuring Transactions”).

	 	 	Furthermore, certain of the German Subsidiaries may be required to take certain steps as
may be necessary or desirable to effect other acquisitions, dispositions, financings,
refinancings or corporate restructurings in connection with any future acquisition,
disposition, financing, corporate restructuring or any other transaction entered into by
members of the Reynolds Group, including, without limitation, by way of entry into any
acquisition agreement, indenture, credit or other financing agreement, intercreditor
agreement,

1

 

	 	 	guarantee, security document, purchase agreement, registration rights agreement or any other
document, or any joinder to, or amendment or affirmation of, such document (each such
transaction, a “Prospective Transaction”, and collectively, the “Prospective
Transactions”).

	 	 	(The Financing Transactions together with the Acquisition and Structuring Transactions and the
Prospective Transactions are, collectively, the “Transactions”, and the documents
relating to the Transactions, are collectively, the “Transaction Documents”.)

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

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

IT IS AGREED as follows:

	1.	 	Definitions

	 	 	“Director” means any managing director (Geschaftsftihrer), in the case of SIG Euro
Holding AG & Co. KGaA, members of the board of directors (Verwaltungsrat) of its general partner
SIG Reinag AG.

	 	 	“German Subsidiary” means each company and partnership listed in Part A of the Schedule
to this Letter.

	 	 	“Indemnitee” means each person listed in Part B of the Schedule to this Letter and,
after the date of this Letter, any person serving as or elected to or appointed to serve as a
Director of a German Subsidiary.

	 	 	“Indemnitee Company” means, in relation to an Indemnitee, any German Subsidiary of which
an Indemnitee is a Director.

	2.	 	Indemnification

	 	 	Subject to an Indemnitee complying with the procedures of clause 4 below, RGHL shall — upon
first demand (auf erstes Anfordern) — indemnify (freistelleri) each Indemnitee against expenses,
losses, liabilities, judgments, fines, penalties and amounts paid in settlement (including all
interest, assessments and other charges in connection therewith) incurred by an Indemnitee or on
an Indemnitee’s behalf in connection with any proceeding resulting from or relating to decisions
the Indemnitee made or any actions the Indemnitee took on behalf of an Indemnitee Company in his
or her capacity as a Director of the Indemnitee Company in connection with any Transactions or
the approval or execution of any Transaction Document or associated

2

 

	 	 	corporate authorization or resolutions or documents in relation to the Transactions.

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

	 	(a)	 	to the extent such indemnification is not permitted by applicable laws; or
	 
	 	(b)	 	to the extent that payment is actually made, or for which payment may be immediately
claimed, to or on behalf of the relevant Indemnitee under an insurance policy, unless the
Indemnitee assigns to RGHL any related payments claims under such insurance policy; or
	 
	 	(c)	 	to the extent that payment has or will be made to the relevant Indemnitee by the
relevant Indemnitee Company or any affiliate of RGHL otherwise than pursuant to this Letter.

	4.	 	Indemnification Procedure
	 
	4.1.	 	To qualify for indemnification under this Letter, each Indemnitee shall give RGHL
notice in writing (including by e-mail or telefax) as soon as practicable of any proceeding in
relation to that Indemnitee for which indemnification will or could be sought under this Letter.
	 
	4.2.	 	To obtain indemnification payments or advances under this Letter, an Indemnitee
shall submit to RGHL a written request therefore, together with such invoices or other supporting
information as may be reasonably requested by RGHL and reasonably available to the relevant
Indemnitee.
	 
	4.3.	 	Subject to clauses 4.2 and 4.4, RGHL shall make such indemnification payment within
10 business days of receipt of such invoices and supporting information.
	 
	4.4.	 	Each Indemnitee shall be obliged as soon as practicable to claim his rights under
any applicable insurance policy and shall assign to RGHL any related payments claims under such
insurance policy. However this clause 4.4 does not affect the Indemnitee’s right to indemnification
under clause 2 above.
	 
	4.5.	 	For the avoidance of doubt, an Indemnitee shall not forego any rights to
indemnification under this Letter where he fails to give notice within the period specified in
clause 4.1 (“as soon as practicable”) of this clause 4.

3

 

	5.	 	Severability
	 
	 	 	If any provision or provisions of this Letter shall be held to be invalid, illegal or unenforceable
for any reason, the validity, legality and enforceability of the remaining provisions of this
Letter and this Letter as such shall not in any way be affected or impaired thereby and shall
remain enforceable to the fullest extent permitted by law.
	 
	6.	 	Governing Law and Jurisdiction; Language
	 
	 	 	This Letter shall be governed by and its provisions construed in accordance with German law. For
the benefit of each Indemnitee, RGHL submits to the non-exclusive jurisdiction of the courts of
Neuss (Germany) to settle any dispute arising out of or in connection with this Letter (including
any dispute regarding the existence, validity or termination of this Letter).
	 
	 	 	Whenever an English term of this Letter is followed by a German term in parenthesis, the German
term shall prevail for the purpose of construction of this Letter.
	 
	7.	 	Amendments
	 
	 	 	No amendment or modification of this Letter shall be effective unless it is approved in writing by
each Indemnitee having the benefit of this Letter.
	 
	8.	 	Continuation of Agreement
	 
	 	 	This Letter shall remain in effect in favour and for the benefit of each Indemnitee with respect to
any action or failure to act of such Indemnitee during the term of service of such Indemnitee as a
Director of the relevant German Subsidiary, whether or not the term of service of such Indemnitee
has concluded.

4

 

This Letter has been executed as of the date stated at the beginning hereof.

Reynolds Group Holdings Limited

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

5

 

Schedule

Part A

List of German Subsidiaries

	•	 	Omni-Pac Ekco GmbH Verpackungsmittel
	 
	•	 	Omni-Pac GmbH Verpackungsmittel
	 
	•	 	Pactiv Deutschland Holdinggesellschaft mbH
	 
	•	 	Pactiv Hamburg Holdings GmbH
	 
	•	 	SIG Beverages Germany GmbH
	 
	•	 	SIG Combibloc Holding GmbH
	 
	•	 	SIG Combibloc Systems GmbH
	 
	•	 	SIG Combibloc GmbH
	 
	•	 	SIG Combibloc Zerspanungstechnik GmbH
	 
	•	 	SIG Information Technology GmbH
	 
	•	 	SIG International Services GmbH
	 
	•	 	SIG Vietnam Beteiligungs GmbH
	 
	•	 	SIG Euro Holding AG & Co KGaA

6

 

Part B

List of Indemnitees

	•	 	Marco Haussener
	 
	•	 	Joachim Frommherz
	 
	•	 	Holger Christian Dickers
	 
	•	 	Christian Alt
	 
	•	 	Henrik Wagner
	 
	•	 	Herman-Josef Bücker
	 
	•	 	Timo Snellman
	 
	•	 	Dr Franz-Josef Collin
	 
	•	 	Thomas Kloubert
	 
	•	 	Oliver Betzer
	 
	•	 	Stefan Beese
	 
	•	 	Petro Kowalskyj
	 
	•	 	Juergen Sender

7

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