Document:

EX-10.4

 Exhibit 10.4 

WAREHOUSING AND FREIGHT SERVICES AGREEMENT 

This Warehousing and Freight Services Agreement (referred to herein as the “Agreement”) is made as of November 1, 2019
(“Effective Date”) by and between Reynolds Consumer Products LLC, a Delaware limited liability company with its principal place of business at 1900 West Field Court, Lake Forest, IL 60045 (referred to at times as
“Reynolds”) and Pactiv LLC, a Delaware limited liability company with offices at 1900 West Field Court, Lake Forest, IL 60045 (referred to at times as “Pactiv”). Reynolds and Pactiv are each referred at times in
this Agreement individually as a “Party” and collectively as the “Parties”. 
 RECITALS: 

1. The Parties have entered into a Master Supply Agreement dated November 1, 2019 (the “MSA”) under which Pactiv has agreed to
manufacture and sell to Reynolds, and Reynolds has agreed to purchase from Pactiv, certain food packaging and foodservice products (the “Pactiv Products”). 

2. Reynolds desires that Pactiv receive, store and handle food packaging and foodservice goods manufactured by Reynolds and its Affiliates (the
“Reynolds Products”), and (after mixing them with Pactiv Products purchased by Reynolds under the MSA, if applicable) load them for delivery to Reynolds’ third party customers, or directly to Reynolds; on common carrier trucks
or hold them for pick up by Reynolds or its third-party customers on the business campuses in the cities, states and provinces listed in attached Schedule 1-A of this Agreement that are owned or leased
by Pactiv or its Affiliates (such campuses are referred to herein as the “Warehouses”) and to obtain these storage and related warehouse services from Pactiv as more fully described in the attached Schedule 1-B of this Agreement (the “Warehouse Services”) on the terms and conditions in this Agreement. Pactiv desires to perform such Services for Reynolds on the terms and conditions in this
Agreement. By way of clarification, Pactiv Canada, Inc. will perform the Warehouse Services on behalf of Pactiv at the Warehouse located in Bolton, Ontario, Canada. 

3. Reynolds further desires Pactiv to arrange on behalf of Reynolds and its Affiliates for third-party common carriers to
pick-up orders of Pactiv Products, Reynolds Products or both from the Warehouses and certain other manufacturing and warehouse facilities of Reynolds and its Affiliates located in the United States, Canada and
Mexico and to transport and deliver them to third-party customers of Reynolds all as more fully described in Schedule 2 of this Agreement (the “Freight Services”) on the terms and conditions in this Agreement. Pactiv desires
to perform the Freight Services for Reynolds on the terms and conditions of this Agreement. The Warehouse Services and the Freight Services will be collectively referred to as the “Services” in this Agreement. 

4. Pactiv has been providing the Services to Reynolds for a number of years prior to the Effective Date. In connection with Pactiv providing such
Services to Reynolds, the Parties have developed and follow certain standard operating procedures (the “SOPs”). The Parties will be updating their respective business systems over the next six months, and, since the updates to these
business systems will require the Parties to modify the SOPs, the Parties intend to negotiate and agree in writing to a document containing the updated SOPs. Until the business systems have been updated and the updated SOPs have been agreed upon,
the current SOPs will apply. The SOPs supplement and may amend the provisions in this Agreement and the MSA. In the event of any conflict or inconsistency between this Agreement and the SOPs, the SOPs will govern and control but only with respect to
the provision in the SOPs that specifically apply to the performance or delivery of the Services under this Agreement. 
 5. It is the intention of
the Parties to continue operate in substantially the same manner with respect to the practices, procedures, volumes and cost allocations used by the Parties prior to the Effective Date in Pactiv’s providing and Reynolds’ purchasing and
using the Services. Therefore, the phrase “commercially reasonable” when used herein means in accordance with the methodology or practices that the Parties used with respect to such action or issue, substantially the same volume with
respect to the amount of Services, the same turnaround time with respect to orders and acceptances, or the same protocol for communication that was used by the Parties during the trailing twelve (12) month period immediately prior to the
Effective Date. 
 NOW, THEREFORE, the Parties agree as follows: 

  
 Execution Copy
10-24-2019 
 Warehouse and Freight Services Agreement Dated November 1, 2019 

Between Reynolds Consumer Products LLC and Pactiv LLC 

Page 1 of 17 

 I. Term and Warehouse and Freight Service Periods 

 

	1.	 The “Term” of this Agreement will commence on the Effective Date and will end on the
earlier of: (i) May 31, 2024 (the “Termination Date”); (ii) a termination date elected by a Party in a written notice delivered to the other Party in the event Pactiv has ceased performing Warehouse and Freight Services for
Reynolds at all Pactiv and Reynolds facilities prior to the Termination Date; or (iii) an earlier termination date that occurs in accordance with the Dispute Resolution Section of this Agreement. The rights and obligations of the Parties under
this Agreement will survive the expiration or earlier termination of this Agreement with respect to any: (1) Reynolds Products being stored in a Warehouse at the end of the Term; (2) Confidential Information (as defined later in this
Agreement) disclosed or received by a Party during the Term; (3) consequences of a breach of this Agreement by a Party; (4) any other statement, decision, act or omission of a Party during the Term concerning or related to this
Agreement;(5) reconciliation of any third-party carrier freight charges that were not available for billing prior to the end of the Term; (6) any Dispute (as defined later in this Agreement) between the Parties concerning or related to this
Agreement; and (7) any provision that expressly states that it will survive the expiration or earlier termination of this Agreement. 

  

	2.	 Pactiv will only be required to store Reynolds Products in a Warehouse and perform the other Warehouse
Services at each Warehouse from the Effective Date through the Service Expiration Date of the Warehouse listed in Schedule 1-A (the “Warehouse Service Period”). Reynolds must remove all
Reynolds Products in a Warehouse on or before its Service Expiration Date or any earlier termination of services at any Warehouse in accordance with other provisions of this Agreement. A Warehouse will be deemed excluded from the scope of this
Agreement after its Service Expiration Date. 

  

	3.	 Reynolds is not obligated to store any quantity of Reynolds Products in a Warehouse under this
Agreement. The Parties acknowledge and agree that Reynolds will be executing a regional exit strategy from the Warehouses which will include exiting certain Warehouses prior to the scheduled Service Expiration Dates, and Pactiv will cooperate with
Reynolds in executing the strategy to the extent that Pactiv has reasonable advance notice of Reynolds desired exit plan. Therefore, if Reynolds at any time wishes to terminate its right to use Pactiv’s Services at any Warehouse under this
Agreement prior to the applicable Warehouse Service Expiration Date, Reynolds may request such early termination to Pactiv in writing identifying a new proposed service expiration date (the “Early Service Expiration Date”) on not
less than one hundred and eighty (180) days advance written notice. Unless there are extenuating circumstances that would impair Pactiv’s ability to release Reynolds from the applicable Warehouse on the proposed Early Service Expiration
Date, including, without limitation, that Pactiv has no use for the Base Storage Capacity and does not wish to have to solely absorb the cost for such space, Pactiv will promptly consent to the Early Service Expiration Date proposed by Reynolds. If
Pactiv reasonably believes there are extenuating circumstances that would impair Pactiv’s ability to release Reynolds from the applicable Warehouse on the proposed Early Service Expiration Date, Pactiv will promptly respond to Reynolds’
request for an Early Service Expiration Date in writing with an explanation of the extenuating circumstances and the Parties will cooperate in seeking a solution to the extenuating circumstances and try to identify a new Early Service Termination
Date that is acceptable to both Parties. On or before the agreed Early Service Termination Date, Reynolds must remove all Reynolds Products from the applicable Warehouse and, from and after any Early Service Termination Date, Pactiv will be released
of any obligation under this Agreement to perform any Services for Reynolds at the identified Warehouse and Reynolds will be released from its obligation to pay the Base Storage Fee (as defined in Section II.1. and Schedule 1-A of this Agreement) for the Warehouse under this Agreement. 

  

	4.	 Reynolds is not obligated under this Agreement to purchase any Freight Services from Pactiv; provided,
however, that all outbound shipments from the Warehouses during the Term will be arranged by Pactiv and will be provided to Reynolds as part of the Freight Services. Unless the Parties otherwise agree in a signed writing, Reynolds will not be able
to order nor will Pactiv be obligated to provide Freight Services after the Termination Date. 

  
 Execution Copy
10-24-2019 
 Warehouse and Freight Services Agreement Dated November 1, 2019 

Between Reynolds Consumer Products LLC and Pactiv LLC 

Page 2 of 17 

	5.	 Notwithstanding anything in the contrary in this Agreement, nothing in this Agreement will require
Pactiv to operate its warehousing and transportation functions in a materially different manner than it did in the trailing twelve (12) month period prior to the Effective Date. To the extent that Reynolds anticipates any significant change in
its sales or supply chain operations (“Operations Change”), such as (i) commencing sales of a materially different new Reynolds Product that will require different handling procedures, (ii) adding new manufacturing or
sourcing locations for production of Reynolds Products to be shipped to the Warehouses or transported using the Freight Services, or (iii) commencing sales to a new customer that has different or unique requirements that will cause a material
change in the order fulfillment process or timeframes; then, Reynolds will provide Pactiv as much prior notice of such Operations Change as possible but in no case less than thirty (30) days prior notice. Upon notification of an Operations
Change, Pactiv will have not less than ten (10) days to assess whether the Operations Change is likely to cause a material change in its performance of the Warehousing and/or Freight Services hereunder and will have an impact on Pactiv’s
ability to provide the Warehousing and/or Freight Services to Reynolds (“Material Impact”). If Pactiv determines that there will be a Material Impact, it will notify Reynolds and the Parties will meet to adjust the Services, pricing
or any related matter under this Agreement in a fair and equitable manner given the Operations Change; provided, however, that Pactiv will not be penalized or absorb any additional liabilities, costs or expenses due any Operations Change of Reynolds
and an Operations Change will not be implemented unless and until the Parties reach a mutually acceptable signed written agreement on the Operations Change. 

II. Warehouse Services 

Pactiv will provide Reynolds with the Warehouse Services at the Warehouses listed on Schedule
1-A. The amount of Warehouse storage in cubic feet available to Reynolds at each Warehouse on the terms and conditions of this Agreement and the Service Expiration Date for each Warehouse are listed on
Schedule 1-A. The terms and conditions of providing, using and paying for the Warehouse Services are set forth in Schedule 1-B. Notwithstanding anything in
this Agreement to the contrary, Pactiv may, but will not be required to, perform Services at a Warehouse that would require, involve or result in Pactiv having to perform Services at a Warehouse or otherwise operate its business in a materially
different manner than how Pactiv performed Services at the Warehouses for Reynolds, and Pactiv operated its business, during the trailing twelve (12) month period immediately preceding the Effective Date. By way of example, Pactiv will not be
required to perform Services at a Warehouse or otherwise operate its business in compliance with a new standard or other requirement adopted by Reynolds or any of its customers unless Pactiv has expressly agreed to do so in the SOPs or in a signed
written amendment to this Agreement 
  

	1.	 Pricing, Invoice and Payment Terms. During the Term, Reynolds will pay Pactiv fees for
each Warehouse that is included in the Agreement as set forth on Schedule 1-A. The “Base Storage Fee,” which is the fee for the fixed cubic feet of warehouse space made available by
Pactiv to Reynolds for each Warehouse under this Agreement, and “Additional Storage Fee,” which is the fee per cubic foot of space above the Base Storage Space that Reynolds may access at the Warehouses on the terms and conditions
in this Agreement, will increase by one and one-half percent (1.5%) on January 1st of each calendar year of the Term starting on January 1, 2021.
Reynolds will pay Pactiv the Base Storage Fee of a Warehouse on or before the first day of each calendar month during its Warehouse Service Period without notice by Pactiv and regardless of the quantity of Reynolds Products actually stored in a
Warehouse. If Pactiv has used Additional Storage Capacity of a Warehouse to store Reynolds Products in a calendar month of its Warehouse Service Period, Pactiv will invoice Reynolds for the amount and duration of Additional Storage Capacity used to
store Reynolds Products in the calendar month. Reynolds will pay Pactiv the amount owed for the Additional Storage Capacity used to store Reynolds Products in a calendar month within thirty (30) days of invoice. Further details on pricing,
invoicing and payment terms may be provided in the SOPs. 

  

	4.	 Title and Risk of Loss. Title to, and risk of loss of, all Reynolds Products
delivered to and accepted by Pactiv at a Warehouse will be and remain with Reynolds at all times. Notwithstanding the foregoing, Pactiv will be liable to Reynolds for any damage to or loss of Reynolds Goods caused by the breach, negligence or
intentional misconduct of Pactiv or its employees, agents or suppliers except for Excluded Loss and Damage. The phrase “Excluded Loss or Damage” means loss or damage of Reynolds Products occurring in the Warehouses or

  
 Execution Copy
10-24-2019 
 Warehouse and Freight Services Agreement Dated November 1, 2019 

Between Reynolds Consumer Products LLC and Pactiv LLC 

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otherwise while in the custody of Pactiv: (a) required to be covered by the insurance of Reynolds under Schedule 3 or actually covered by the insurance of Reynolds, or (b) in a
calendar year of the Term, an amount of Reynolds Products that represents less than three-tenths of one percent (0.30%) of the total quantity of cases of Reynolds Products stored in the Warehouses in the calendar year. 

 

	5.	 Protection of Reynolds’ Ownership of the Reynolds Products. Pactiv will identify
Reynolds Products received, stored and delivered at the Warehouses as being owned by Reynolds in Pactiv’s records. Reynolds may file a UCC-1 financing statement or other public or private notices required
or permitted under Applicable Laws to inform third-parties of the ownership interest of Reynolds in Reynolds Products received, stored and delivered at the Warehouses and to otherwise protect such ownership interest. For the purposes of this
Agreement, “Applicable Laws” means the laws of the United States of America, its states and territories, their respective districts, municipalities and other political subdivisions, and the branches, departments, administrative
agencies, commissions, courts and other tribunals of the foregoing. For Reynolds Products received, stored and delivered at the Warehouse in Bolton, Ontario, the phrase “Applicable Laws” will also mean the laws of the Canada, its provinces
and territories, their respective districts, municipalities and other political subdivisions, and the branches, departments, administrative agencies, commissions, courts and other tribunals of the foregoing. Reynolds will promptly provide Pactiv
with copies of any financing statements or other public or private notices filed or sent by Reynolds to protect its ownership interest in Reynolds Products stored in a Warehouse. After all Reynolds Products have been removed from a Warehouse and the
Warehouse Services Period of a Warehouse has ended or the Warehouse has otherwise been excluded from this Agreement, Reynolds will promptly cancel any financing statement and other public or private notice previously filed or sent by Reynolds to
protect its ownership interest in Reynolds Products stored in a Warehouses. Pactiv will cooperate in good faith with the lawful actions of Reynolds to protect its ownership rights in Reynolds Products received, stored and delivered at the
Warehouses, but Pactiv will not have to incur any expense, risk or liability in extending its cooperation unless the action is required as a result of a breach of this Agreement by Pactiv. Pactiv will not: (a) permit, or cause to be created,
any interest, pledge, mortgage, encumbrance or other lien or restriction of any kind or nature arising by, through or under Pactiv in Reynolds Products received, stored or delivered at the Warehouse; (b) permit the removal of Reynolds Products
from the Warehouse other than as expressly authorized by Reynolds under this Agreement or as required by an order of a court or other governmental entity that Pactiv believes in good faith has been issued in accordance with Applicable Laws;
(c) knowingly and intentionally do anything to impair the value of any of Reynolds Products received, stored or delivered at the Warehouse or ownership interest of Reynolds in such goods; or (d) endeavor in good faith to avoid commingling
Reynolds Products and Pactiv Products except in connection with filling an outbound delivery. Pactiv irrevocably waives any right it may now have or which it may acquire to claim or file any liens against Reynolds Products while in Pactiv’s
possession at a Warehouse. Pactiv agrees to furnish Reynolds promptly with written notice of the seizure by any third party, under Applicable Laws or otherwise, of any of Reynolds Products stored at any Warehouse. 

 

	6.	 Warehouse Records. Pactiv will create and keep for not less than three
(3) years after the date of creation records (whether in printed, electronic or other reproducible format) of: (i) the quantity and type of Reynolds Products received at, stored in and delivered from each Warehouse, (ii) damage to or
loss of a Reynolds Products prior to or while in the custody of Pactiv at a Warehouse and (iii) amounts invoiced to and paid by Reynolds under this Agreement. Pactiv will provide Reynolds with copies of these Warehouse records within five
(5) business days after Reynolds’ written request made during and for a period of three (3) years after the Term. 

  
 Execution Copy
10-24-2019 
 Warehouse and Freight Services Agreement Dated November 1, 2019 

Between Reynolds Consumer Products LLC and Pactiv LLC 

Page 4 of 17 

 III. Freight Services 

 

	1.	 General Description of Freight Services. From the Effective Date until the Freight
Services Expiration Date, Reynolds may order shipping of Reynolds’ goods (Reynolds’ goods for which Pactiv arranges shipping on behalf of Reynolds may be referred to herein as “Freight”) from Pactiv. Pactiv will arrange
for, manage and pay the third-party carriers (“Carriers”), brokers, freight payment agent and other third parties involved in the transportation of Reynolds Freight. Reynolds will be the designated shipper of record on all shipments
of Freight managed by Pactiv on Reynolds behalf. Pactiv will also manage all cargo loss claims against carriers and brokers. A more detailed description of the Freight Services is set forth in Schedule 2 of this Agreement.

  

	2.	 Disclaimer of Cargo Liability. Pactiv is not a carrier and Pactiv’s sole obligation
under this Agreement is the management of certain of Reynolds’ transportation requirements for the efficient shipment of Reynolds’s Freight. Reynolds therefore releases and agrees to hold harmless and defend Pactiv from any and all
liability for cargo loss, damage or destruction claims arising out of the shipment of Reynolds’s Freight. 

  

	3.	 Pricing and Payment Terms for Freight Services. Pactiv will invoice Reynolds
for the actual shipping costs and its service fees for Freight Services as set forth in Schedule 2. All invoices issued for Freight Services hereunder shall be payable within thirty (30) days of receipt. 

IV. Taxes 
  

	1.	 Reynolds Taxes. Reynolds will bear all government taxes, levies, fees and other
impositions on the Reynolds Products, their storage in the Warehouses and otherwise required to be paid by recipients of the Services under Applicable Laws (collectively “Reynolds Taxes”). If required or permitted under Applicable
Laws, Reynolds will prepare and file any required reports or returns for such Reynolds Taxes directly with, and pay the Reynolds Taxes owed directly to, the appropriate governmental authorities. If Pactiv is required under Applicable Laws to prepare
and file any required reports or returns for such Reynolds Taxes directly with, and to collect and remit the Reynolds Taxes owed directly to, the appropriate governmental authorities, Pactiv will do so and invoice and collect the amount of such
Reynolds Taxes from Reynolds. 

  

	2.	 Pactiv Taxes. Pactiv will bear all government taxes, levies, fees and other
impositions on the ownership, lease and operation of the Warehouses and otherwise required to be paid by providers of the Services under Applicable Laws (collectively “Pactiv Taxes”). Pactiv will prepare and file any required
reports or returns for such Pactiv Taxes directly with, and pay the Pactiv Taxes owed directly to, the appropriate governmental authorities. 

V. Representations and Warranties 
  

	1.	 General Representations, Warranties and Covenants. Each Party represents, warrants
and covenants on the Effective Date and at all times during the Term that: 

  

	 	a.	 The Party is formed, registered, licensed and operating its business in compliance with Applicable Laws.

  

	 	b.	 The Party is operating its business in compliance with a commercially reasonable code of ethics adopted
by such Party.  

  

	 	c.	 The Party may enter into and perform its obligations under this Agreement without being in conflict
with, or in breach of, any other agreement of the Party. 

  

	 	d.	 The Party is solvent, is capable of paying its debts as and when they become due and is paying its debts
as and when due. 

  

	 	e.	 The Party is not the subject of a criminal investigation nor a defendant in any criminal indictment,
petition, complaint or proceeding that carries a potential sentence involving incarceration in excess of one year for any director or executive officer of the Party involved in the alleged criminal misconduct or a fine in excess of $100,000 USD.

  
 Execution Copy
10-24-2019 
 Warehouse and Freight Services Agreement Dated November 1, 2019 

Between Reynolds Consumer Products LLC and Pactiv LLC 

Page 5 of 17 

 A Party will promptly notify the other Party of any change in circumstance during the Term
in which the Party is no longer in compliance with the foregoing general representations, warranties and covenants. An incident of actual, alleged or suspected non-compliance by a Party with a warranty under
this Section being investigated, contested or corrected in good faith by the Party and which, regardless of outcome, will have no material adverse effect on the Party or its performance under this Agreement or on the other Party, will not be
considered a breach of this clause. An incident of actual, alleged or suspected non-compliance by a Party of this Section or any other Section of this Agreement will be grounds for the other Party to demand
adequate assurances of performance as provided by Section 2-609 of the Illinois Uniform Commercial Code. A Party will have ten (10) days to provide adequate assurances of performance to the other
Party in a form acceptable to the other Party in its good faith discretion. 
  

	2.	 Reynolds Specific Representations, Warranties and Covenants. Reynolds represents,
warrants and covenants to Pactiv that each Reynolds Product delivered to and stored with Pactiv or delivered to a Carrier under this Agreement: 

  

	 	a.	 Is delivered to the Carrier or to the Warehouse in new and undamaged condition. 

 

	 	b.	 Has been delivered to Pactiv or the Carrier in compliance with Applicable Laws, including without
limitation with food safety regulations issued by the United States Food and Drug Administration that are applicable to the Reynolds Product. 

  

	 	c.	 Is inbound delivered in a properly blocked and braced condition to prevent shifting or toppling of the
Reynolds Products upon opening and unloading of a truck trailer at the loading dock of the Warehouse. 

  

	 	d.	 Is packaged and delivered on appropriate pallets for storage in the Warehouses in accordance with the
customary and usual practices of the Parties. Reynolds may use non-standard pallets for customer requests for promotions, shippers and so forth but Reynolds must notify Pactiv of any non-standard pallets prior to delivering the Reynolds Products to any Warehouse and the amount of any non-standard pallets must be commercially reasonable. Reynolds
acknowledges and agrees that the use of any special pallets may require an adjustment in the cube allocation resulting in fewer pallets fitting into the Base or Additional Storage Capacity. Any Reynolds Product delivered to a Warehouse that is not
capable of being stacked four pallets high will be allotted cubic feet of storage as if it were occupying four pallets high of storage space. Calculation of cubic feet for storage will be set out in the SOP’s. 

 

	 	e.	 Is, and will remain at all times while in the custody of Pactiv, owned solely Reynolds free and clear of
all liens, encumbrances and claims (other than those arising by, under or through Pactiv for which Pactiv will be responsible under this Agreement). 

  

	 	f.	 Does not infringe on any patent, trademark, copyright, trade secret or other the intellectual property
of any third-party registered or otherwise recognized and enforceable under Applicable Laws. 

  

	 	g.	 Does not represent nor create a material risk of injury, damage or other harm to Pactiv or any
third-party being received, storage and delivered at the Warehouses. 

 If Pactiv receives a Reynolds Product that fails to
conform to these representations, warranties and covenants, the sole remedy of Pactiv for the breach will be to: (1) notify Reynolds within seven (7) business days of receipt that the Reynolds Product is
non-conforming and handle or dispose of the non-conforming Reynolds Product at Reynolds’ expense as instructed in writing by Reynolds or, if not so instructed, in
accordance with commercially reasonable business practices at Reynolds’ expense; and (2) obtain indemnification from Reynolds for any Indemnified Claim arising from or related to the breach as provided in Section VI. 

  
 Execution Copy
10-24-2019 
 Warehouse and Freight Services Agreement Dated November 1, 2019 

Between Reynolds Consumer Products LLC and Pactiv LLC 

Page 6 of 17 

	3.	 Pactiv Specific Representations, Warranties and Covenants. Pactiv represents,
warrants and covenants to Reynolds that: 

  

	 	a.	 Reynolds Products will be received, stored and delivered at the Warehouse using the same or a greater
standard of care that Pactiv uses in receiving, storing and delivering Pactiv Products at the Warehouse. 

  

	 	b.	 Reynolds Products will be delivered at the Warehouse in the same condition and packaging as received at
the Warehouse except for ordinary wear and tear, damage or loss caused by an event of Force Majeure and Excluded Loss and Damage. 

  

	 	c.	 Warehouses will be operated and maintained, and Services will otherwise be performed, in a commercially
reasonable condition and manner in compliance with Applicable Laws, including without limitation with food safety regulations issued by the United States Food and Drug Administration that are applicable to the storage of Reynolds Products.

  

	 	d.	 Reynolds Products will remain at all times free and clear of all liens, encumbrances and claims arising
by, through or under Pactiv. 

  

	 	e.	 Services will be performed in a manner which do not infringe on any patent, trademark, copyright, trade
secret or other the intellectual property of any third-party registered or otherwise recognized and enforceable under Applicable Laws. 

If Pactiv receives without rejecting a Reynolds Product but fails to deliver it to Reynolds or a party shipping products for Reynolds, a
Reynolds customer, or a Carrier in conformance with these representations, warranties and covenants, the sole remedy of Reynolds for the breach of this Agreement will be to: (1) obtain reimbursement from Pactiv for the actual out of pocket cost
to Reynolds of the non-conforming Reynolds Product, except for Excluded Loss or Damage, by notifying Pactiv within thirty (30) days from when Reynolds had or reasonably should have had actual knowledge of
the loss, but in no event more than one year after the loss; and (2) obtain indemnification from Pactiv for any Indemnified Claim arising from or related to the breach as provided in the next Section. 

VI. Indemnification 
  

	1.	 A claim that a Party (referred to at times in this Section as an “Indemnifying Party”)
is required to defend and indemnify the other Party (referred to at times in this Section as an “Indemnified Party”) under this Agreement is referred to at times in this Section as an “Indemnified Claim”. Defense
and indemnification under this Section will include, without limitation, (1) paying or reimbursing the actual, reasonable, substantiated out-of-pocket expenses
incurred in connection with the investigation, defense and settlement of any civil, criminal or administrative action, suit, arbitration, mediation, hearing, audit, investigation or other proceeding threatened or commenced against an Indemnified
Party on an Indemnified Claim (e.g., fees and expenses of attorneys, accountants, auditors, investigators, consulting experts, testifying experts and other consultants; fees and expenses of an arbitrator or mediator; filing fees and costs imposed by
any court, administrative agency or other tribunal; etc.), and (2) satisfying any judgment, award, order, lien, levy, fine, penalty or other sanction imposed against an Indemnified Party on an Indemnified Claim. 

 

	2.	 Pactiv will defend and indemnify Reynolds against: (1) any third-party claim for personal injury,
damage to tangible property or other loss to the extent caused by any actual or alleged breach of this Agreement by Pactiv in receiving, storing or delivering Reynolds Products at a Warehouse under this Agreement or in the performance of any other
obligation of Pactiv under this Agreement; (2) any third-party claim for personal injury, damage to tangible property or other loss to the extent caused by any actual or alleged negligence or other legally culpable misconduct of Pactiv in
receiving, storing or delivering Reynolds Products at a Warehouse or in the performance of any other obligation of Pactiv under this Agreement; (3) any third-party claim for actual or alleged infringement by Pactiv in performing the Services
under this Agreement (except to 

  
 Execution Copy
10-24-2019 
 Warehouse and Freight Services Agreement Dated November 1, 2019 

Between Reynolds Consumer Products LLC and Pactiv LLC 

Page 7 of 17 

	 	
the extent that the infringement relates to a Reynolds Product or its packaging or is based on intellectual property that that Reynolds has represented and warranted to Pactiv that Reynolds owns
and that Reynolds has licensed to Pactiv and that Pactiv has used in compliance with the license terms in performing the Services under this Agreement); (4) the threat or imposition of any fine, penalty or other sanction by a governmental authority
on Reynolds to the extent caused by any actual or alleged violation by Pactiv of Applicable Laws; or (5) any actual or alleged claim for compensation or other payment of a Pactiv employee, agent or vendor for goods and services furnished in
connection with Pactiv receiving, storing or delivering Reynolds Products at a Warehouse under this Agreement. 

  

	3.	 Reynolds will defend and indemnify Pactiv against: (1) any third-party claim for personal injury,
damage to tangible property or other loss to the extent caused by any actual or alleged breach of this Agreement by Reynolds in receiving, storing or delivering Reynolds Products at a Warehouse under this Agreement or in the performance of any other
obligation of Reynolds under this Agreement; (2) any third-party claim for personal injury, damage to tangible property or other loss to the extent caused by any actual or alleged negligence or other legally culpable misconduct of Reynolds in
receiving, storing or delivering Reynolds Products at a Warehouse under this Agreement or in the performance of any other obligation of Reynolds under this Agreement; (3) any third-party claim for personal injury, damage to tangible property,
or other loss to the extent related the design, manufacture, storage, sale, delivery or use of a Reynolds Product by any person; (4) any third-party claim for actual or alleged infringement by Pactiv in performing the Services under this
Agreement (except to the extent that the infringement relates to a Reynolds Product or its packaging or is based on intellectual property that that Reynolds has represented and warranted to Pactiv that Reynolds owns and that Reynolds has licensed to
Pactiv and that Pactiv has used in compliance with the license terms in performing the Services under this Agreement); or delivery by Pactiv under this Agreement or in the performance of any other obligation of Pactiv under this Agreement to the
extent based on intellectual property that Reynolds has represented and warranted to Pactiv that Reynolds owns and that Reynolds has licensed to Pactiv and that Pactiv has used in compliance with the license term in supplying the product;
(4) the threat or imposition of any fine, penalty or other sanction by governmental authority on Pactiv to the extent caused by any actual or alleged violation by Reynolds of Applicable Laws; or (5) any actual or alleged claim or
ownership, custody or compensation or other payment by a Reynolds employee, agent, customer, supplier or creditor or any unrelated third-party for Reynolds Products received, stored and delivered at a Warehouse under this Agreement.

  

	4.	 As a condition of receiving defense and indemnification under this Section for an Indemnified Claim, the
Indemnified Party must: 

  

	 	(1)	 notify and tender the defense of an Indemnified Claim to the Indemnifying Party promptly after the
Indemnified Party learns of the Indemnified Claim; and 

  

	 	(2)	 provide information and cooperation reasonably requested by the Indemnifying Party in the investigation,
defense, settlement and satisfaction of the Indemnified Claim. An Indemnifying Party will reimburse the Indemnified Party of any reasonable, actual, substantiated
out-of-pocket expense incurred in providing the requested information or cooperation. 

 

	5.	 If the Indemnifying Party accepts the tender of defense of an Indemnified Claim, with or without
reservation, the Indemnifying Party will: 

  

	 	(1)	 promptly notify the Indemnified Party of the acceptance of the tender of defense of the Indemnified
Claim. 

  

	 	(2)	 control the investigation, defense, settlement and satisfaction of the Indemnified Claim, including,
without limitation, the selection of licensed, qualified and reputable attorneys, expert witnesses and other consultants and all decisions over settlement and litigation strategy. The Indemnifying Party must act in good faith in exercising control
over the investigation, defense, settlement and satisfaction of the Indemnified Claim. 

  
 Execution Copy
10-24-2019 
 Warehouse and Freight Services Agreement Dated November 1, 2019 

Between Reynolds Consumer Products LLC and Pactiv LLC 

Page 8 of 17 

	 	(3)	 Provide information reasonably requested by the Indemnified Party regarding the investigation, defense,
settlement and satisfaction of the Indemnified Claim 

  

	6.	 An Indemnifying Party, acting in good faith, may elect to settle an Indemnified Claim for which it is
responsible under this Agreement involving infringement on the intellectual property of a third-party by: (1) obtaining a license from the third-party allowing the required use of its intellectual property; (2) modifying a product,
equipment or process in a manner which avoids infringing on the intellectual property of the third-party; or (3) voluntarily withdrawing the infringing product from the market and either refunding the amount paid by the Indemnified Party for
the infringing product or replacing the infringing product with a non-infringing product. 

  

	7.	 The Parties may disagree on whether a claim is an Indemnified Claim under this Agreement, which Party
should be considered the Indemnifying Party and Indemnified Party for an Indemnified Claim or whether each Party is solely or partially liable for an Indemnified Claim and whether and how liability for an Indemnified Claim should be allocated
between them. In these and other circumstances in which an actual or potential conflict of interest exists or arises between the Parties with regards to an alleged or agreed upon Indemnified Claim that would preclude their joint representation by a
single defense counsel, the Parties will endeavor in good faith to attempt to resolve the conflict. If the Parties are able to resolve the actual or potential conflict of interest, the Parties will memorialize the agreed upon resolution in a written
joint defense agreement signed by officers of each Party and their joint defense counsel. If the Parties are unable to resolve the actual or potential conflict of interest, each Party will independently and separately investigate, defend, settle and
satisfy the claim subject to their right to pursue payment or reimbursement for costs incurred in doing so from the other Party as provided in this Agreement. 

VII. Insurance 

During the Term of this Agreement, each Party will maintain the minimum types and amounts of insurance set forth in the schedule appended as
Schedule 3 of this Agreement. By way of confirmation, Reynolds, at its expense, will maintain the “all risk” property insurance required under Schedule 3 on all Reynolds Products received, stored and delivered at the
Warehouses, 
 VIII. Limitations on Liability 
  

	1.	 Disclaimer of Representations and Warranties. Each Party: (1) disclaims all
representations and warranties regarding its products, performance, supplied information or business, whether oral or written, express or implied, arising by operation of law or otherwise, including, without limitation, the implied warranty of
merchantability and the implied warranty of fitness for a particular purpose, other than those express representations and warranties of the Party in this Agreement; (2) acknowledges that the Party has not relied on, and will not rely on, any
representations and warranties of the other Party regarding its products, performance, supplied information or business, whether oral or written, express or implied, arising by operation of law or otherwise, other than those express representations
and warranties of the other Party in this Agreement; and (3) waives any claim that the Party may have based, in whole or in part, on any representations and warranties of the other Party regarding its products, performance, supplied information
or business, whether oral or written, express or implied, arising by operation of law or otherwise, other than those express representations and warranties of the other Party in this Agreement. Notwithstanding the foregoing, a Party is entitled to
rely on (i) the descriptive information in transaction documents issued by either Party in the ordinary course of business during the Term identifying the Reynolds Products (e.g., the type and quantity of Reynolds Products being received,
stored or delivered at a Warehouse under this Agreement and the scheduled delivery date and location) and (ii) FDA guaranty letters, material safety data sheets and other similar written assurances issued by Reynolds on its standard forms to
Pactiv and other U.S. customers in the ordinance course of business during the Term certifying that a Reynolds Product complies with Applicable Laws and providing any information on the Reynolds Product required under Applicable Laws.

  
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	2.	 Exclusion of Indirect Damages. A Party that breaches this Agreement will only be liable to
the other Party for direct damages arising from the breach. Each Party waives any right to recover consequential, incidental, indirect, exemplary, punitive or any other types of indirect damages from the other Party for a breach of this Agreement.
Each Party waives any right to recover damages or loss from the other Party arising from or related to this Agreement to the extent the damage or loss incurred by the Party is required to be covered by the insurance of such Party under Schedule
3 or to the extent the damage or loss is actually covered by the insurance of such Party. Notwithstanding the preceding sentence, this Subsection will not limit the liability of a Party for any amount or type of damages for: (1) the defense
and indemnification of an Indemnified Claim on which the Party is the Indemnifying Party; (2) infringement by the Party on the intellectual property of the other Party; (3) the unauthorized disclosure or use by the Party of the
Confidential Information of the other Party; (4) payment or reimbursement of any amount expressly required to be paid or reimbursed by the Party under a provision of this Agreement; or (5) the intentional misconduct of the Party in
violation of Applicable Laws. 

  

	3.	 Force Majeure. A Party will not be considered in breach of this Agreement or liable to the
other Party for any interruption or delay in performance under this Agreement to the extent caused by an event outside of the ability of the performing Party to foresee and avoid with the exercise of commercially reasonable efforts (such an event is
referred to at times as an event of “Force Majeure”). Examples of events of Force Majeure include, without limitation: natural disasters; war; acts of terrorism; government action; accident; strikes, slowdowns and other labor
disputes; shortages in, or inability to obtain, transportation in required quantities or at commercially reasonable prices or rates; any breach, negligence, criminal misconduct or other act or omission of any third-party; or fire or other insured or
uninsured casualty. A Party whose performance is interrupted or delayed by an event of Force Majeure will be excused from the interruption or delay in performance during the event of Force Majeure and for a commercially reasonable period of
additional time after the event of Force Majeure that the Party needs to recover from the event of Force Majeure and restore performance. Notwithstanding the foregoing, a Party will only be excused for an interruption or delay in performance under
this Subsection for an event of Force Majeure only if the Party: (1) promptly notifies the other Party of the event of Force Majeure and provides information regarding the event of Force Majeure, including its extent and likely duration, and
the efforts undertaken by the Party to foresee and avoid interruption or delay in its performance before the occurrence of the event, to mitigate interruption or delay in performance during the event, and to recover from and restore performance
following the event; and (2) the Party exercises commercially reasonable efforts to mitigate, recover from and restore performance following the event of Force Majeure. During, and while recovering from and restoring performance following, an
event of Force Majeure, Pactiv will act in good faith in allocating its available storage capacity at a Warehouse to store Reynolds Products under this Agreement and any products of Pactiv and its other customers. If an event of Force Majeure
interrupts or delays Pactiv from receiving, storing and delivering a Reynolds Product to Reynolds under this Agreement in the quantities and timetable required by Reynolds, Reynolds may cancel any unfilled service orders for the Reynolds Products
and procure the required storage capacity for Reynolds Products from one or more other sources until Pactiv has recovered from and restored its ability to perform following the event of Force Majeure. If Pactiv is not able to provide the Base
Storage Capacity or Additional Storage Capacity or other Services at a Warehouse because of an event of Force Majeure, Reynolds may enter into warehouse services agreements or make other arrangements to procure the required quantities of storage
capacity for the Reynolds Products from one or more other sources for a duration and on terms acceptable to Reynolds in its good faith discretion. In such a circumstance, Reynolds may, but will not be obligated to, resume storing Reynolds Products
at Warehouses under this Agreement after Pactiv has recovered from and restored its ability to perform following the event of Force Majeure. If the interruption or delay in the storage of a Reynolds Product at a Warehouse under this Agreement
because of an event of Force Majeure has exceeded, or is reasonably likely to exceed, one hundred eighty (180) days, either Party may exclude the Warehouse from this Agreement by delivering written notice to the other Party in which event the
Service Expiration Date of the Warehouse will be the date specified in the written notice. The temporary interruption in Service at a Warehouse, or the exclusion of a Warehouse from this Agreement, as a result of an event of Force Majeure will not
reduce nor release Reynolds of its obligation to pay the Base Storage Fee on the Warehouse through the date of the Force Majeure event. For example, if a leased Warehouse is destroyed by fire or other casualty and the lessor elects to exercise a
right to terminate the lease before it Service Expiration Date and releases Pactiv of its rights and obligations to operate the Warehouse and pay rent and expenses on the Warehouse, Reynolds will be released from its obligation to pay the Base
Storage Fee on the Warehouse from and after the Force Majeure date. This Subsection will not excuse nor extend a deadline by which a Party must pay an amount owed under this Agreement or Applicable Laws or by which a Party must exercise any right or
remedy under this Agreement or Applicable Laws. 

  
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 IX. Confidential Information and Other Intellectual Property 

 

	1.	 The Parties anticipate exchanging Confidential Information (as defined in in the next Subsection) over
the Term of this Agreement for the purpose of negotiating and entering into Purchase Schedules and amendments to this Agreement, transacting business with one another in accordance with this Agreement and exercising their rights and performing their
obligations under this Agreement and Applicable Laws, accounting standards and securities exchange requirements (collectively referred to as the “Authorized Purposes”). 

 

	2.	 The phrase “Confidential Information” means information meeting all of the following
criteria: 

  

	 	(1)	 The information is a trade secret or other non-public,
proprietary information owned by a Party or its direct and indirect subsidiaries under Applicable Laws (this Party is referred to at times in this Section as the “Disclosing Party”); and 

 

	 	(2)	 The other Party (referred to at times in this Section as the “Receiving Party”)
requests such information from the Disclosing Party for the Authorized Purposes during the Term (i.e., neither Party wants unsolicited Confidential Information from the other Party); and 

 

	 	(3)	 The Disclosing Party discloses such requested information to the Receiving Party during the Term either
labelled as “Confidential” or words of similar intent, or describes the disclosed information in reasonable detail in a written notice to the Receiving Party delivered, either at the time of disclosure or within five (5) days of
disclosure. If a Disclosing Party neglects to label or deliver timely written notice to the Receiving Party identifying the disclosed information as confidential in nature, the disclosed information will only be treated as Confidential Information
under this Agreement if the Disclosing Party is able to demonstrate by clear and convincing evidence that the Receiving Party knew that the disclosed information was a trade secret or other non-public,
proprietary information of the Disclosing Party at the time of disclosure. 

 The criteria in Clause (2) and Clause
(3) will not apply to Confidential Information of a Disclosing Party observed or heard by a Receiving Party in a plant, warehouse, facility or system of the Disclosing Party. The existence and terms of this Agreement, and the existence, nature
and extent of the business relationship between the Parties, will be considered the Confidential Information of each Party. 
  

	3.	 The phrase “Confidential Information” also means the
Know-How of a Disclosing Party and its direct and indirect subsidiaries that a Receiving Party and its direct and indirect subsidiaries learned of, acquired or otherwise used prior to the Effective Date. The
phrase “Know-How” means trade secret and other confidential, proprietary information of a Party or its Affiliate concerning the manufacture, storage, packaging, marketing, sale and delivery of
its products. Examples of Know-How may be in the form of drawings, equipment specifications, formulae, formulations, guidelines, manuals, methods, plans, policies, procedures, processes, properties and
applications of raw materials and products, tools, dies and molds. A Receiving Party and its direct and indirect subsidiaries may continue to use the Know-How of the Disclosing Party and its direct and
indirect subsidiaries in the possession of the Receiving Party and its direct and indirect subsidiaries as of the Effective Date for the Authorized Purposes and in connection with the operation of the business of the Receiving Party and its direct
and indirect subsidiaries. Nothing in this Subsection or any other provisions of this Agreement will obligate a Party to disclose or license the use of its Know-How of any kind and in any form arising,
discovered, acquired or developed after the Effective Date to the other Party. 

  

	4.	 The phrase “Confidential Information” does not include, and there will
not be any duties of confidentiality or other restrictions under this Agreement for, the following types of information: 

  

	 	(4)	 Information which is or becomes available as part of the public domain through any means other than as a
result of a breach of this Agreement by the Receiving Party; or 

  
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	 	(5)	 Information, other than Know-How received prior the Effective
Date, which is known to the Receiving Party before the disclosure of the same information by the Disclosing Party; or 

  

	 	(6)	 Information which is or becomes available to the Receiving Party from a third-party who is not under any
duty to preserve the confidentiality of such information; or 

  

	 	(7)	 Information which is furnished by the Disclosing Party to a third-party without imposing any duty on the
third-party to preserve the confidentiality of such information; or 

  

	 	(8)	 Information which is independently developed by the Receiving Party without the use of or reliance on
any trade secret or other non-public, proprietary information provided by the Disclosing Party as Confidential Information under this Agreement or under any prior agreement between the Parties; or

  

	 	(9)	 Information that ceases to be a trade secret or other
non-public, proprietary information of the Disclosing Party under Applicable Laws through any means other than those enumerated above and that does not involve nor result from a breach of this Agreement by the
Receiving Party. 

  

	5.	 A Party may request and disclose Confidential Information in any form or medium. Confidential
Information may include, without limitation, information concerning the assets, liabilities, financing, financial statements, ownership, goods, services, customers, suppliers, marketing, manufacturing, equipment, software, technology, supply chain,
business strategies, plans, models, policies, methods, processes, formulae, specifications, drawings, schematics, software and technical know-how of a Disclosing Party. A Receiving Party will take all
commercially reasonable actions required to safeguard the Confidential Information of a Disclosing Party in the possession of such Receiving Party against the unauthorized disclosure or use of the Confidential Information by other persons. A
Receiving Party will promptly notify the Disclosing Party if the Receiving Party learns of any unauthorized disclosure or use of the Confidential Information of the Disclosing Party by any person. A Receiving Party will cooperate in good faith with
the Disclosing Party to prevent any unauthorized disclosure or use of the Confidential Information of the Disclosing Party by any person. A Receiving Party will not be obligated to incur any liability, expense or risk in extending such cooperation
to a Disclosing Party, however. 

  

	6.	 A Receiving Party will not disclose nor use the Confidential Information of a Disclosing Party except as
follows: 

  

	 	(1)	 A Receiving Party and its Representatives may use the Confidential Information of a Disclosing Party for
the Authorized Purposes. A “Representative” means the Affiliates of a Party and the directors, officers, managers, employees, accountants, attorneys, auditors and other agents and consultants of a Party and its Affiliates. An
“Affiliate” of a Party means a legal entity that owns and controls, or is owned and controlled by, or is under common ownership and control with, a Party (other than the other Party or any of its direct and indirect subsidiaries),
with ownership and control of a legal entity being determined by the ownership of the majority voting interest in the legal entity. A Receiving Party may disclose Confidential Information of a Disclosing Party on a “need to know”
basis to only those Representatives of the Receiving Party who require such information for the Authorized Purposes. Before making such a disclosure, the Receiving Party will advise the Representatives of the confidential nature of the information
being shared and ensure that duties and restrictions are, or have been, imposed on the Representatives receiving the Confidential Information similar to those imposed on the Receiving Party under this Agreement. A Receiving Party will be liable for
any breach of this Agreement by its Representatives. 

  

	 	(2)	 A Receiving Party may disclose Confidential Information of a Disclosing Party to a court, governmental
entity or any other person in order for the Receiving Party and its Affiliates to comply with Applicable Laws, accounting standards and securities exchange requirements. If legally permissible and reasonably possible, a Receiving Party will notify
the Disclosing Party prior to disclosing its Confidential Information pursuant to this Section and cooperate in good faith with any lawful efforts by the Disclosing Party to avoid or limit the disclosure of its Confidential Information. A Receiving
Party will not be obligated to incur any liability, expense or risk in extending such cooperation to a Disclosing Party. Based on legal advice of its attorney, a Receiving Party may disclose the Confidential Information of the Disclosing Party by
any deadline established under an Applicable Laws, accounting standard and securities exchange requirement. 

  
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	 	(3)	 A Receiving Party may disclose and use the Confidential Information of a Disclosing Party to enforce or
interpret this Agreement or any other agreement with the Disclosing Party in any arbitration, court or other legal proceeding. A Receiving Party may disclose and use this Confidential Information of a Disclosing Party to defend the Receiving Party
or its Affiliates or their respective Representatives in any arbitration, court or other legal proceeding. In either circumstance, the Receiving Party will ensure that a protective order, agreement or other mechanism is in place to preserve the
confidentiality of the Confidential Information. 

  

	 	(4)	 A Receiving Party and its Representatives may disclose and use the Confidential Information for any
other purpose consented to by a Disclosing Party in a written notice signed by an officer of the Disclosing Party delivered to the Receiving Party. The other purpose described in the written notice will become one of the “Authorized
Purposes” from and after the date of such written notice. 

  

	7.	 In disclosing its Confidential Information to a Receiving Party, a Disclosing Party represents, warrants
and covenants to the Receiving Party that: 

  

	 	(1)	 The Disclosing Party owns and has the right to disclose and authorize the use of Confidential
Information as provided in this Agreement. 

  

	 	(2)	 The Receiving Party and its Representatives may use the Confidential Information of the Disclosing Party
for the Authorized Purposes provided in this Agreement. 

  

	 	(3)	 The Disclosing Party will indemnify, defend and hold harmless the Receiving Party and its
Representatives against any claim of a third-party that the disclosure and use of the Confidential Information of the Disclosing Party as provided in this Agreement infringes on a patent, trademark, copyright, trade secret or other intellectual
property of the third-party registered in or otherwise recognized and enforceable under Applicable Laws. 

 Except for the
limited representations and warranties in this Section, a Disclosing Party disclaims all other representations and warranties of any kind related to its Confidential Information, whether express, implied or arising by operation of law, including the
disclaimer, without limitation, of any representation and warranties concerning merchantability, fitness for a particular purpose, truth, accuracy or completeness. 
  

	8.	 For Confidential Information that is not a trade secret of a Disclosing Party under Applicable
Laws, the rights and obligations of the Parties under this Section will continue until the earlier of (i) sixty (60) months from the date of disclosure to a Receiving Party or (ii) the date such information ceases to be considered
Confidential Information under this Agreement. For Confidential Information that is a trade secret of a Disclosing Party under Applicable Laws, the rights and obligations of the Parties under this Section will continue until such information ceases
to be a trade secret of the Disclosing Party under Applicable Laws. 

  

	9.	 A Receiving Party will return or destroy all forms of Confidential Information of the Disclosing Party
in the custody of the Receiving Party and its Representatives within ten (10) days of receipt of a written request from the Disclosing Party and after the expiration or earlier termination of this Agreement. This will include, without
limitation, all copies, records, documents and other information representing, comprising, containing, referencing or created based on Confidential Information of the Disclosing Party. Notwithstanding the foregoing, a Receiving Party and its
Representatives may retain copies of Confidential Information of the Disclosing Party which (x) the Receiving Party and its Representatives are required to retain to comply with Applicable Laws, accounting standards and securities exchange
requirements (but only for the duration and in the manner so required for these limited purposes); or (y) have been archived in electronic form by the Receiving Party and its Representatives and which would be unduly burdensome for the
Receiving Party and its Representatives to have to search for and delete the Confidential Information of the Disclosing Party. 

  
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	10.	 Except for the limited right to disclose and use Confidential Information of a Disclosing Party for the
Authorized Purposes provided in the this Section and except for any license of intellectual property granted by a Disclosing Party to the Receiving Party in a Purchase Schedule, this Agreement does not grant a Receiving Party or its Representatives
any right, title, interest or ownership in the Confidential Information of the Disclosing Party nor in any patent, trademark, copyright or other intellectual property of the Disclosing Party. As between the Parties during the Term, to be effective,
the grant of any right, title, interest and ownership in and to any Confidential Information of Party or in an patents, trademarks, copyrights and other intellectual property of the Party must be in writing and signed by the chief executive officers
of the Parties. During the Term, a Party will not develop intellectual property for, on behalf of, or in collaboration with, the other Party unless the Parties have entered into a Purchase Schedule or other separate written agreement signed by an
officer of each Party. 

 X. Dispute Resolution 

 

	1.	 Negotiation. If a Party believes that the other Party has breached this Agreement or if
there is a dispute between the Parties over the interpretation of this Agreement (a “Dispute”), the Parties will endeavor to resolve the Dispute through good faith negotiation for a period of thirty (30) days after a Party
notifies the other Party of the Dispute and before either Party requests mediation or files litigation to resolve the Dispute. 

  

	2.	 Mediation. If the Parties have been unable to resolve a Dispute through good faith
negotiation as provided in the prior Subsection, a Party may request that the Parties attempt to resolve the Dispute through mediation by notifying the other Party with a copy to JAMS. The Parties will attempt to select a mutually acceptable JAMS
mediator, and a mediation location in Lake County, Illinois or Cook County, Illinois, within ten (10) days of the notice requesting mediation. If the Parties are unable to agree on a JAMS mediator or mediation location, JAMS will appoint the
mediator and a mediation location in Lake County, Illinois or Cook County, Illinois. The mediation will be held at the selected mediation location within thirty (30) days of the notice requesting mediation before a JAMS mediator and in
compliance with JAMS mediation guidelines. Each party will bear its own costs in preparing for and participating in the mediation and one-half of the fees and expenses charged by JAMS for conducting the
mediation. 

  

	3.	 Litigation. If the Parties are unable to resolve a Dispute through negotiation or
mediation as provided in the prior Subsections, a Party may file litigation against the other Party in a court of competent jurisdiction in the United States of America. With respect to litigation involving only the Parties or their Affiliates, the
Parties irrevocably consent to the exclusive personal jurisdiction and venue of the U.S. federal and Illinois state courts of competent subject matter jurisdiction located in Lake County, Illinois or Cook County, Illinois and their respective higher
courts of appeal for the limited purpose of resolving a Dispute, and the Parties waive, to the fullest extent permitted by Applicable Laws, any defense of inconvenient forum. The Parties waive any right to trial by jury as to any Disputes resolved
through litigation. Notwithstanding the foregoing, a Party may file litigation to resolve a Dispute without undergoing either negotiation or mediation as provided in the prior Subsections for any Dispute involving: (i) infringement on
intellectual property; (ii) the unauthorized use or disclosure of Confidential Information; or (iii) a request for a temporary restraining order, a preliminary or permanent injunction or any similar types of equitable relief.

  

	4.	 Remedies. Except as expressly limited in the preceding Subsections and the other
provisions in this Agreement, a Party may immediately exercise any rights and remedies available to the Party under Applicable Laws upon a breach of this Agreement by the other Party. A Party will not suspend performance under nor terminate
this Agreement or any accepted purchase order for a product being purchased and sold under this Agreement unless: (1) the other Party is in material breach of this Agreement and has either refused to cure the material breach or has failed to
cure the material breach within thirty (30) day of its receipt of written notice of the failure; and (2) the Parties have been unable to resolve the Dispute related to the material breach through negotiation or mediation, or the breaching
Party has refused or failed to attempt to resolve the Dispute through negotiation or mediation, as provided in this Section. Notwithstanding the foregoing, a Party may suspend performance or terminate this Agreement or any accepted purchase order
for Services being purchased and sold under this Agreement immediately on written notice to the other Party, and without providing the other 

  
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Party an opportunity to cure the material breach or attempting to resolve a Dispute over the material breach by negotiation or mediation as provided in this Section, for a material breach by the
other Party involving substantial harm to the reputation, goodwill and business of the non-breaching Party that cannot reasonably be avoided or fully redressed by providing the other Party an opportunity to
cure the material breach. 

  

	5.	 Late Fees and Collection Costs. If a Party (the “Payor”) fails to pay the other
Party (the “Payee”) an amount owed under this Agreement by the payment due date, then the Payor will owe the Payee: (i) the delinquent amount; and (ii) a late payment fee equal to two percent (2%) of the delinquent amount for
each full or partial calendar month past the due date that the delinquent amount remains unpaid. In addition, if the Payee has to file litigation to collect the amount owed and the Payee prevails in the litigation, Payor will reimburse Payee for
actual, reasonable, substantiated out-of-pocket expenses incurred by Payee in collecting the delinquent amount and accrued late payment fees on the delinquent amount.
Under no circumstance will the late payment fee payable to Payee exceed the amount that a creditor may lawfully impose on a debtor on a delinquent amount under Applicable Law. 

XI. Miscellaneous 
  

	1.	 Entire Agreement. This Agreement, including its appended Exhibits and Purchase
Schedules entered into during the Term, constitutes the entire agreement between the Parties with respect to the receipt, storage and delivery of Reynolds Products at the Warehouses. This Agreement supersedes all prior and simultaneous
representations, discussions, negotiations, letters, proposals, agreements and understandings, whether written or oral, with respect to this subject matter. This Agreement will not be binding on either Party unless and until signed by the chief
executive officers of each Party. No handwritten or other addition, deletion or other modification to the printed portions of this Agreement will be binding upon either Party to this Agreement. 

 

	2.	 Amendments. A Party may not amend this Agreement nor supplement the terms and
conditions in this Agreement through the inclusion of additional or different terms and conditions in any quotation, purchase order, invoice, bill of lading, letter, email or other document or communication. This Section does not prevent the
reliance on the descriptive information in transaction documents identifying the ordered Products (e.g., the type and quantity of ordered products and scheduled date and location for delivery). No amendment of this Agreement will be valid or
effective unless made in writing and signed and exchanged by officers of the Parties. A Party may approve or reject a request for an amendment in its sole and absolute discretion. 

 

	3.	 Waiver. The failure of either party to insist in any one or more instances upon
strict performance of any of the provisions of this Agreement or to take advantage of any of its rights shall not operate as a continuing waiver of such rights. No right or obligation under this Agreement will be considered to have been
waived by a Party unless such waiver is in writing and is signed by an officer of the waiving Party and delivered to the other Party. No consent to or waiver of a breach by either Party will constitute a consent to, waiver of, or excuse for any
other, different, or subsequent breach by such Party. 

  

	4.	 Governing Law. This Agreement and all claims or causes of action arising out of or
related to this Agreement shall be governed in all respects, including as to validity, interpretation and effect, by the laws of the State of Illinois and the United States of America, without giving effect to its principles or rules of conflict of
laws. The United Nations Convention on Contracts for the International Sale of Goods will not govern nor otherwise be applicable to this Agreement. 

  

	5.	 Severability. If any term of provision of this Agreement, or the application
thereof shall be found invalid, void or unenforceable by any government or governmental organization having jurisdiction over the subject matter, the remaining provisions, and any application thereof, shall nevertheless continue in full force and
effect. 

  

	6.	 Assignment. This Agreement, its rights and obligations, is not assignable nor
otherwise transferable by either Party, in whole or in part, except with the prior written consent of the other Party, which consent will not be unreasonably withheld, conditioned or delayed. Notwithstanding the foregoing, either Party may assign
this Agreement in its entirety to any of its Affiliates or to a successor-in-interest in connection with any merger,

  
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consolidation, sale of assets or equity interests or other forms of strategic transaction written notice to, but without the prior written of, the other Party provided that: (i) the assignee
assumes all rights, obligations and liabilities of the assignor under this Agreement; and (ii) the assignee is not a competitor of the other Party. An assignment of this Agreement, in whole or in part, will not release the assigning Party of
its obligations and liabilities under this Agreement, whether arising before or after the effective date of the assignment, unless the other Party approves the release in a written notice to the assigning Party. The assigning Party will provide the
other Party with written notice of such assignment prior to or promptly following the effective date of such assignment. A change of majority ownership of a Party will be deemed an assignment of this Agreement unless the assignment is the result of
Reynolds Group Holdings Limited ceasing to control the majority ownership of a Party. The restrictions in this Section will not preclude a Party for authorizing one or more of its Affiliates to manufacture, store, purchase, sell or deliver a
product, or exercise any other right or perform any other obligation, on behalf of the Party under this Agreement. Subject to the foregoing, all of the terms, conditions and provisions of this Agreement shall be binding upon and shall inure to the
benefit of the successors and assignees of the respective Parties. 

  

	7.	 Third Party Beneficiaries. There are no intended third-party beneficiaries of this
Agreement. 

  

	8.	 Good Faith and Cooperation. Except where this Agreement states that a Party may
expressly exercise a right or render a decision in its “sole and absolute discretion”, a Party will exercise its rights under this Agreement in its good faith business judgment. A Party will perform its obligations under this Agreement in
a commercially reasonable manner consistent with industry practices and in compliance with Applicable Laws. A Party will promptly take such actions, provide such information and sign such documents as the other Party may reasonably request to obtain
the benefits and exercise the rights granted, and to perform the obligations imposed, under this Agreement. 

  

	9.	 Notices. Any notice required or permitted to be provided by a Party under this Agreement
will be made to the notice address of the receiving Party set forth below or to an alternate notice address later designated by the receiving Party in accordance with this Subsection. Notices will be effective upon actual receipt by the receiving
Party. An emailed notice will be effective against a receiving Party only if the Receiving Party acknowledge receipt of the emailed notice in a return notice to the notifying Party. A receiving Party agrees to acknowledge receipt of an email notice
in good faith promptly following receipt. A Party may change its address for notice by giving notice to the other party Pursuant to this Subsection. 

Address for notice to Pactiv:     

Pactiv LLC 
 1900 West Field Court

 Lake Forest, IL 60045 
 Attn:
John McGrath, Chief Executive Officer 
 Email: jmcgrath@pactiv.com 

For any notice concerning an Operations Change, breach or termination, with a copy to: 

Pactiv LLC 
 1900 West Field Court

 Lake Forest, IL 60045 
 Attn:
Steven R. Karl, General Counsel 
 Email: skarl@pactiv.com 

Address for notices to RCP: 

Reynolds Consumer Products LLC 

1900 W. Field Court 
 Lake Forest,
IL 60045 
 Attention: Lance Mitchell, Chief Executive Officer 

Email: Lance.Mitchell@ReynoldsBrands.com 

  
 Execution Copy
10-24-2019 
 Warehouse and Freight Services Agreement Dated November 1, 2019 

Between Reynolds Consumer Products LLC and Pactiv LLC 

Page 16 of 17 

 For any notice concerning a breach or termination, with a copy to: 

Reynolds Consumer Products LLC 

1900 W. Field Court 
 Lake Forest,
IL 60045 
 Attention: David Watson, General Counsel 

Email: David.Watson@ReynoldsBrands.com 
  

	10.	 Independent Contractors. The relationship of the Parties established by this Agreement is
that of independent contractors, and nothing contained in this Agreement shall be construed to: (a) give either Party the power to direct and control the day-to-day
activities of the other Party, (b) establish the Parties as partners, joint ventures, co-owners or otherwise as participants in a joint or common undertaking, or (c) allow a Party to bind the other
Party in any manner or otherwise create or assume any obligation on behalf of the other Party for any purpose whatsoever. A Party will not be considered an agent of the other Party. 

 

	11.	 Non-Exclusive Supply Relationship. This
Agreement is not evidence of, nor does it create, any form of exclusive supply relationship between the Parties concerning the receipt, storage or delivery of Reynolds Products at any Warehouse. Nothing in the Agreement obligates Reynolds to store
any Reynolds Products at a Warehouse during the Term. 

  

	12.	 Construction. Unless the context otherwise requires, the following rules of
construction will be applied to in the interpretation of the agreement: (1) headings are for convenience only and do not affect interpretation; (2) singular includes the plural and vice-versa; (3) gender includes all genders;
(4) if a word or phrase is defined, its other grammatical forms have a corresponding meaning; (5) the meaning of general words is not limited by specific examples introduced by “includes”, “including” or “for
example” or similar expressions; (6) the word “person” includes an individual, corporation, company, trust, partnership, limited partnership, unincorporated body, joint venture, consortium or other legal entity; (7) a
reference in any Purchase Schedule or Exhibit to an section, subsection or clause is a reference to a section, subsection or clause in that Purchase Schedule or Exhibit unless otherwise identified; (8) reference to an Exhibit is a reference to
an Exhibit described, appended or otherwise identified in this Agreement; (9) a reference to conduct includes, without limitation, an omission, statement or undertaking, whether or not in writing; (10) a reference to a third-party is a
reference to a person who is not a Party to this agreement; (11) where a period of time is specified for the performance of any act and dates from a given day or the day of an act or event, the period shall be exclusive of that date; and
(12) the Parties agree that this Agreement is the product of negotiation between sophisticated parties and individuals, all of whom were or have been given the opportunity to be represented by counsel, and each of whom had an opportunity to
participate in, and did participate in, negotiation of the terms hereof; accordingly, the Parties acknowledge and agree that the Agreement is not a contract of adhesion and that ambiguities in the Agreement, if any, shall not be construed strictly
or in favor of or against either Party, but rather shall be given a fair and reasonable construction. 

  

	13.	 Execution. This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original as against the Party whose signature appears thereon, but all of which taken together shall constitute but one and the same instrument. Acceptance of this Agreement may be made by
e-mail, mail or other commercially reasonable means showing the signatures of the chief executive officers of the Parties. 

REMAINDER OF PAGE INTENTIONALLY LEFT BLANK 

SIGNATURE PAGE AND EXHIBITS FOLLOW 

  
 Execution Copy
10-24-2019 
 Warehouse and Freight Services Agreement Dated November 1, 2019 

Between Reynolds Consumer Products LLC and Pactiv LLC 

Page 17 of 17 

 IN WITNESS WHEREOF, the Parties have executed this Warehouse and Freight Services Supply Agreement
effective as of the Effective Date. 
  

			
	PACTIV LLC
		
	By:	 	 /s/ John McGrath

		 	John McGrath
		 	Chief Executive Officer

  

			
	REYNOLDS CONSUMER PRODUCTS LLC
		
	By:	 	 /s/ Lance Mitchell

		 	Lance Mitchell
		 	Chief Executive Officer

 Execution Copy 10-24-2019 

Warehouse and Freight Services Agreement Dated November 1, 2019 

Between Pactiv LLC 
 And
Reynolds Consumer Products LLCEX-10.5

 Exhibit 10.5 

TRANSITION SERVICES AGREEMENT 

TRANSITION SERVICES AGREEMENT (the “Agreement”) dated as of November 1, 2019, between Pactiv LLC, a
Delaware limited liability company (“PACTIV”), and Reynolds Consumer Products LLC, a Delaware limited liability company, (the “Company” or “RCP”). Each Party or any of its Affiliates
providing services hereunder shall be a “Provider,” and each Party or any of its Affiliates receiving services hereunder shall be a “Recipient.” 

PRELIMINARY STATEMENT 
 A.
PACTIV and Company are subsidiaries of Reynolds Group Holdings Limited, a company organized under the laws of New Zealand (“RGHL”). In order to align business operations related to warehousing and manufacturing, certain PACTIV facilities
are transferring to RCP effective November 1, 2019 (the “Commencement Date”). 
 B. In order to facilitate the
transfer of the PACTIV facilities to the Company, (i) PACTIV will provide, or cause its Affiliates to provide, certain services to the Company and its Affiliates, and (ii) the Company will provide, or cause its Affiliates to provide,
certain services to PACTIV and its Affiliates, all on the terms and conditions set forth herein. 
 NOW, THEREFORE, the Parties agree as
follows: 
 ARTICLE I 

DEFINITIONS 
 Section 1.1
Definitions. The following terms shall have the respective meanings set forth below throughout this Agreement: 

“Affiliate” means, with respect to any person, any other person who directly or indirectly, through one or more
intermediaries, controls, is controlled by, or is under common control with, such person. The term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a
person, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlled” and “controlling” have meanings correlative thereto. For the avoidance of doubt, for the purposes of this Agreement
and all exhibits thereto, the term Affiliate shall not apply to the relationship between PACTIV or RGHL or either of their respective Affiliates on the one hand and RCP and its direct and indirect subsidiaries on the other hand. 

“Applicable Rate” means the average of the daily “prime rate” (expressed rate per annum) published in The Wall
Street Journal for each of the days in the applicable period, plus two percent (2%). 
 “Business” means the
manufacture and sale of consumer products including cooking products, waste & storage products, and tableware by the Company and activities ancillary thereto. 

 “Business Day” means any day that is not (a) a Saturday, (b) a
Sunday, or (c) any other day on which commercial banks are authorized or required by law to be closed in the City of New York. 

“Change” has the meaning set forth in Section 3.1(c). 

“Commencement Date” has the meaning set forth in the preamble. 

“Confidential Information” means any information of a Party, its Affiliates, members, licensors, consultants, service
providers, advisors or agents that is confidential or proprietary, however recorded or preserved, whether written or oral. Confidential Information includes trade secrets, pricing data, employee information, customer information, cost information,
supplier information, financial and tax matters, third-party contract terms, inventions, know-how, processes, methods, models, technical information, schedules, code, ideas, concepts, data, software and
business plans (regardless of whether such information is identified as confidential). 
 “Dispute Negotiations” has the
meaning set forth in Section 3.3(b). 
 “Fees” has the meaning set forth in
Section 5.1. 
 “Force Majeure Event” has the meaning set forth in
Section 10.1. 
 “Governmental Authority” means governmental or quasi-governmental entity of any
nature (including any governmental agency, branch, department, official, or entity and any court or other tribunal) or (iii) body exercising, or entitled to exercise any administrative, executive, judicial, legislative, police, regulatory or
taxing authority or power of any nature, including any arbitral tribunal. 
 “Indemnified Parties” has the meaning set forth
in Section 9.1. 
 “Indemnifying Party” has the meaning set forth in
Section 9.1. 
 “Law” means a law, statute, order, ordinance, rule, regulation, judgment,
injunction, order, or decree. 
 “Litigation” means any action, cease and desist letter, demand, suit, arbitration
proceeding, administrative or regulatory proceeding, citation, summons or subpoena of any nature, civil, criminal, regulatory or otherwise, in law or in equity. 

“Losses” means any and all damages, liabilities, losses, obligations, claims of any kind, interest and expenses (including
reasonable fees and expenses of attorneys). 
 “Party” means PACTIV or Company, as applicable (collectively, the
“Parties”). 
 “Personnel” means, with respect to any Party, (i) the employees, officers and directors
of such Party or its Affiliates or (ii) agents, accountants, attorneys, independent contractors and other third parties engaged by such Party or its Affiliates. 

  
 2 

 “Provider” has the meaning set forth in the preamble. 

“Recipient” has the meaning set forth in the preamble 

“Reverse Transition Services” has the meaning set forth in Section 2.1(b). 

“Sale and Services Taxes” has the meaning set forth in Section 5.5. 

“Security Incident” has the meaning set forth in Section 4.1. 

“Security Regulations” means a Party’s and its Affiliates’ system security policies, procedures and requirements, as
amended from time to time. 
 “Service Coordinator” has the meaning set forth in Section 3.3(a).

 “Service Standard” has the meaning set forth in Section 3.1(a). 

“Services” means the Transition Services and the Reverse Transition Services, unless the context requires otherwise. 

“Systems” has the meaning set forth in Section 3.5. 

“Tax” means any federal, state, local or foreign income, alternative, minimum, accumulated earnings, personal holding company,
franchise, capital stock, profits, windfall profits, gross receipts, sales, use, value added, transfer, registration, stamp, premium, excise, customs duties, severance, environmental (including taxes under section 59A of the Code), real
property, personal property, ad valorem, occupancy, license, occupation, employment, payroll, social security, disability, unemployment, workers’ compensation, withholding, estimated or other similar tax, duty, fee, assessment or other
governmental charge or deficiencies thereof (including all interest and penalties thereon and additions thereto). 
 “Terminating
Party” has the meaning set forth in Section 6.3. 
 “Term” has the meaning set forth in
Section 6.1. 
 “Termination Date” has the meaning set forth in
Section 6.1. 
 “Transition Services” has the meaning set forth in
Section 2.1(a). 
 “TSA Records” has the meaning set forth in
Section 7.1(a). 

  
 3 

 ARTICLE II 

SERVICES 
 Section 2.1
Services. 
 (a) During the applicable Term of any Service, and in accordance with the terms and conditions of this
Agreement, PACTIV shall provide, or shall cause its Affiliates or, subject to Section 2.2, third parties to provide, to the Company or one or more of its Affiliates (in connection with the conduct of the Business) the
services described on Exhibit A hereto (the “Transition Services”). Notwithstanding the content of Exhibit A, PACTIV agrees to consider in good faith to any reasonable request by the Company for access to any
additional service that is necessary for the operation of the Business, at fees to be agreed upon after good faith negotiation between the parties. PACTIV will not be in in breach of this Agreement if PACTIV declines to provide a requested
additional service for any good faith reason, including the failure of the Parties to agree to the scope, term, and fee for the additional service. Any such additional services so provided by PACTIV shall constitute Services hereunder and be subject
in all respects to the provisions of this Agreement as if fully set forth on Exhibit A as of the date hereof. 
 (b)
During the applicable Term of any Service, and in accordance with the terms and conditions of this Agreement, Company shall provide, or shall cause its Affiliates or, subject to Section 2.2, third parties to provide, to
PACTIV or one or more of its Affiliates, the services described on Exhibit B hereto (the “Reverse Transition Services”). 

Section 2.2 Performance by Affiliates or Subcontractors. Either Party may, in its sole discretion, engage, or cause one of their
Affiliates to engage, one or more parties (including other third parties or Affiliates) to provide some or all of the Services; provided, (i) such Party is using such Affiliate or third party to perform the same Services for itself and
its Affiliates (to the extent applicable), (ii) such arrangement would not increase the cost to Recipient for such Services, and (iii) if such third party is not already engaged with respect to such Service as of the date hereof, Provider shall
obtain the prior written consent of Recipient (not to be unreasonably withheld). Provider shall (x) be responsible for the performance or non-performance of any such parties and (y) in all cases
remain responsible for ensuring that obligations with respect to the standards of Services set forth in Article III of this Agreement are satisfied with respect to any Services provided by such Affiliate or third party. 

Section 2.3 Scope of Services. Other than as expressly set forth on Exhibit A, Section 2.1,
Exhibit B, or as agreed by the Parties in writing, in no event shall Provider be obligated to provide any Service to the Recipient for any purpose other than to facilitate, on a transitional basis, the Recipient’s ability to conduct
business as conducted immediately preceding the date hereof. 
 ARTICLE III 

SERVICE LEVELS; SERVICE COORDINATORS; TSA COMMITTEE 

Section 3.1 Quality of Services. 

(a) Provider shall perform the Services (i) at a level of quality substantially similar in all material respects to that
at which such Services were performed or enjoyed during the twelve (12) month period prior to the date hereof and (ii) in accordance with applicable Law (collectively, (i) and (ii), the “Service Standard”). Subject to
Section 3.1(c), internal controls of Provider and its Affiliates with respect to the Service Standard shall remain materially the same in effect throughout the term of this Agreement. Each Party acknowledges that the other
Party and their Affiliates are not professional service providers of the Services. 

  
 4 

 (b) In the event of any material failure of a Provider to perform the
Services, as applicable, in accordance with the Service Standards, Recipient shall provide Provider with written notice of such material failure, and Provider will use commercially reasonable efforts to remedy such failure as soon as reasonably
possible and in the same manner that Provider would remedy such a failure for their other businesses undergoing such a material failure. 

(c) A Provider may, from time to time: (i) reasonably supplement, modify, upgrade, substitute or otherwise alter
(“Change”) any Service in a manner consistent with Changes made with respect to similar services provided by Provider on their own behalf or to their Affiliates, including taking any physical or information security measures with
respect to such Service, in a manner that does not (x) adversely affect in any material respect the quality or availability of such Service or (y) materially increase the fees payable in connection with such Changed Service;
provided that to the extent that any such Change is reasonably likely to modify, substitute or otherwise alter the receipt or use of such Service, Provider shall provide Recipient with reasonable advance written notice of the implementation
of the Change to the extent practicable under the circumstances; provided, further, that the Service Standard shall continue to apply to such Service following any Change. If a Change is required by applicable Law or is in response to
a threatened Security Incident, Provider may make any and all changes to the Service necessary to comply with applicable Law and any changes thereto or to respond to such threatened Security Incident in a manner consistent with responses made by
Provider on its own behalf or in respect of their Affiliates; provided that Provider shall provide Recipient such reasonable advance written notice of the implementation of any such Change as may be practicable under the circumstances; and
(ii) with reasonable advance written notice to Recipient, temporarily suspend the provision of a Service as necessary to conduct Systems maintenance or patching without such suspension constituting a breach of the Service Standard. 

(d) A Provider need not provide any Service if it is not permitted to do so by applicable Law. To the extent that any Service
is not permitted pursuant to applicable Law, the Parties will cooperate in good faith to enter into arrangements reasonably acceptable to each of the Parties under which the Recipient would obtain the benefit of such Service to the same extent (or
as nearly as practicable) as if such Service were permitted by applicable Law. 
 Section 3.2 Policies. Each Party shall, and
shall cause any of its Affiliates or third parties providing or receiving Services (as the case may be) to, follow the reasonable policies, procedures and practices of the other Party and its Affiliates applicable to the Services that are known or
made known to such Party. A failure of a Recipient to act in accordance with this Section 3.2 that prevents a Provider from providing a Service hereunder shall, upon reasonable advance written notice to the Recipient (where
practicable), relieves Provider of its obligations under the Service until such time as the failure has been cured. 

  
 5 

 Section 3.3 Service Coordinators and Dispute Resolution. 

(a) PACTIV and Company shall each nominate a representative to act as the primary contact person with respect to the
performance of the Services (each, a “Service Coordinator”). Unless otherwise agreed upon by the Parties, the Parties shall direct all initial communications relating to this Agreement and the Services to the Service Coordinators.
The initial Service Coordinators for PACTIV and Company, including their contact information, are set forth on Exhibit C. Either Party may replace its Service Coordinator at any time by providing notice and contact information for the newly
designated Service Coordinator in accordance with Section 10.5. The Service Coordinators shall oversee the implementation and ongoing operation of this Agreement. The Parties shall ensure that their respective Service
Coordinators shall meet in person or telephonically at such times as are reasonably requested by PACTIV or Company to review and discuss the status of, and any issues arising in connection with, the Services or this Agreement. 

(b) In the event a dispute arises between the Parties under this Agreement, telephonic negotiations shall be conducted between
the Parties’ respective Service Coordinators within ten (10) days following a written request from any Party (“Dispute Negotiations”). If the Service Coordinators are unable to resolve the dispute within ten (10) days
after the Parties have commenced Dispute Negotiations, then either PACTIV or the Company, by written request to the other Party, may request that such dispute be referred for resolution to the respective presidents (or similar position) of the
divisions implicated by the matter for the Parties, or more senior executive of a Party if such Party so designates, which presidents (or other executives) will have fifteen (15) days to resolve such dispute. If the presidents of the relevant
divisions (or other executives) for each Party do not agree to a resolution of such dispute within fifteen (15) days after the reference of the matter to them, or if the dispute is not otherwise resolved in a friendly manner as set forth in
this Section 3.3, then any unresolved dispute may be resolved pursuant to Section 10.8. 

Section 3.4 Limitation of Services Provided. Except to the extent required to meet the Service Standards, in providing the
Services, the Parties are not obligated to: (i) hire any additional employees; (ii) maintain the employment of any specific employee; (iii) purchase, lease or license any additional equipment or software; or (iv) make any capital
investment to provide or continue providing the Services. The Parties have no responsibility to verify the correctness of any information given to them on behalf of the other Party for the purposes of providing the Services. 

Section 3.5 Third Party Licenses and Consents. The Parties will cooperate and assist each other, and use commercially reasonable
efforts, to obtain, or direct its Affiliates to obtain, any third party consents required under the terms of any agreement between a Party or any of its Affiliates, on the one hand, and a third party, on the other hand, in order for a Party or its
Affiliates to provide the Services during the Term. Notwithstanding the foregoing, if the provision of any Service as contemplated by this Agreement requires the consent, license or approval of any third party not previously obtained, the Parties
shall use commercially reasonable efforts, to obtain as promptly as possible after the Commencement Date, any third party consents, permits, licenses and approvals required under the terms of any third party agreement in order for Provider to

  
 6 

 
provide the Services hereunder. The cost of obtaining any consent, permit, license or approval with respect to any Service shall be borne by the Recipient of the relevant Services. If any such
consent, permit, license or approval is not obtained, the Parties will cooperate in good faith to enter into reasonably acceptable arrangements under which Recipient would obtain the benefit of such Service to the same extent (or as nearly as
practicable) as if such consent were obtained (at Recipient’s cost), and each Party will continue to use commercially reasonable efforts to obtain any such required consent or amendment. The Parties acknowledge that it may not be practical to
try to anticipate and identify every possible legal, regulatory, and logistical impediment to the provision of Services hereunder. Accordingly, each Party will promptly notify the other Party if it reasonably determines that there is a legal,
regulatory, or logistical impediment to the provision of any Service, and the Parties shall each use commercially reasonable efforts to overcome such impediments so that the Services may be provided otherwise in accordance with the terms of this
Agreement. All computer systems or software (“Systems”), data, facilities and other resources owned by a Party, its Affiliates or third parties used in connection with the provision or receipt of the Services, as applicable, shall
remain the property of such Party, its Affiliates or third parties. 
 ARTICLE IV 

SECURITY; SYSTEMS 

Section 4.1 Security Breaches. If any Party discovers (a) any material breach of the Security Regulations or of the systems
used to provide the Services or (b) any breach or threatened breach of the Security Regulations that involves or may reasonably be expected to involve unauthorized access, disclosure or use of the other Party’s or its Affiliates’
Confidential Information (each of (a) and (b), a “Security Incident”), such Party shall, at the cost of the Party responsible for the Security Incident, (i) promptly (both orally, if practicable, and in any event in
writing) notify the other Party of the Security Incident and (ii) reasonably cooperate with the other Party (1) to take commercially reasonable measures necessary to control and contain the security of such Confidential Information,
(2) to remedy any such Security Incident, including using commercially reasonable efforts to identify and address any root causes for such Security Incident, (3) to furnish full details of the Security Incident to the other Party and keep
such other Party advised of all material measures taken and other developments with respect to such Security Incident, (4) in any litigation or formal action with third parties or in connection with any regulatory, investigatory or other action
of any Governmental Authority and (5) in notifying the other Party’s or its Affiliates’ customers and Personnel and other persons of the Security Incident to the extent reasonably requested by the other Party. 

Section 4.2 Systems Security. 

(a) If PACTIV, Company, their Affiliates or their respective Personnel receive access to any of PACTIV’s, Company’s,
or their respective Affiliates’, as applicable, Systems in connection with the Services, the accessing Party or its Personnel, as the case may be, shall comply with all of such other Party’s and its Affiliates’ reasonable Security
Regulations known to such accessing Party or its Personnel or made known to such accessing Party or its Personnel in writing, and will not tamper with, compromise or circumvent any security, Security Regulations or audit measures employed by such
other Party or its relevant Affiliate. 

  
 7 

 (b) Each Party shall, and shall cause its Affiliates to, as required by
applicable Law, (i) ensure that only those of its Personnel who are specifically authorized to have access to the Systems of the other Party or its Affiliates gain such access and (ii) prevent unauthorized access, use, destruction,
alteration or loss of information contained therein, including by notifying its Personnel regarding the restrictions set forth in this Agreement and establishing appropriate policies designed to effectively enforce such restrictions. 

(c) Each Party shall, and shall cause their respective Affiliates to, access and use only those Systems of the other Party and
its Affiliates, and only such data and information within such Systems, to which they have been granted the right to access and use. Any Party and its Affiliates shall have the right to deny the Personnel of the other Party or its Affiliates access
to such first Party’s or its Affiliates’ Systems, after prior written notice and consultation with the other Party, in the event the Party reasonably believes that such Personnel pose a security concern. 

Section 4.3 Viruses. Provider and Recipient shall each use its commercially reasonable efforts consistent with its past practices
to prevent the introduction or coding of viruses or similar items into the Systems of the other Party. Without limiting the rights and remedies of any party hereunder, in the event a virus or similar item is introduced into the Systems of a Party,
whether or not such introduction is attributable to the other Party (including such other Party’s failure to perform its obligations under this Agreement), the other Party shall, as soon as practicable, use its commercially reasonable efforts
to assist such Party in reducing the effects of the virus or similar item, and if the virus or similar item causes a loss of operational efficiency or loss of data, upon such Party’s request, work as soon as practicable to contain and remedy
the problem and to restore lost data resulting from such introduction. 
 Section 4.4 Providers’ Software. Except as
authorized by this Agreement or by Provider’s express written consent, Recipient shall not, and shall cause its Affiliates not to, copy, modify, reverse engineer, decompile or in any way alter any software of Provider or any of its Affiliates.

 Section 4.5 System Upgrades. No Provider shall be required to purchase, upgrade, enhance or otherwise modify any Systems used
by any Recipient as of the date hereof in connection with the business of any Party, or to provide any support or maintenance services for any Systems that have been upgraded, enhanced or otherwise modified from the Systems that are used in
connection with the business of any Party as of the date hereof. 
 ARTICLE V 

FEES 
 Section 5.1
Fees. Recipient shall pay Provider (i) the fee for each Service set forth on Exhibit A or Exhibit B, (ii) Providers’ and their Affiliates’ reasonable and documented out-of-pocket expenses incurred in providing the Services, including the third-party fees and expenses that are charged to Recipient or their Affiliates in connection with
provision of the Services (including any fees and expenses charged by subcontractors permitted to provide the Services under Section 2.2) but excluding payments made to employees of Provider or any of their Affiliates
pursuant to Section 5.2, and (iii) any other fees as agreed to by the Parties in writing (collectively, the “Fees”). 

  
 8 

 Section 5.2 Responsibility for Wages and Fees. Any employees of Provider or any
of their Affiliates providing Services to Recipient under this Agreement will remain employees of Provider or such Affiliate and shall not be deemed to be employees of Recipient for any purpose. Provider or such Affiliate shall be solely responsible
for the payment and provision of all wages, bonuses and commissions, employee benefits, including severance and worker’s compensation, and the withholding and payment of applicable Taxes relating to such employment. 

Section 5.3 Invoices. Provider shall submit or cause to be submitted to Recipient in writing, within 15 days after the end of each
month, an invoice setting forth the Fees for the Services provided to Recipient during such month in reasonable detail, as applicable, due under such invoice. 

Section 5.4 Payment. Recipient shall pay, or cause to be paid, the Fees shown on an invoice no later than of the last business day
of the month Recipient received such invoice unless disputed in accordance with Section 5.7. Any amount not received from the invoiced Party within such period shall bear interest at the Applicable Rate, from and including
the last date of such period to, but excluding, the date of payment. 
 Section 5.5 Sales Tax, Etc. Provider shall be entitled
to invoice and collect from Recipient any additional amounts required for state, local and foreign sales Tax, value added Tax, goods and services Tax or similar Tax with respect to the provision of the Services hereunder, as applicable
(“Sale and Services Taxes”). Notwithstanding the previous sentence, if the Recipient is exempt from liability for such Sale and Services Taxes, it shall provide Provider with a certificate (or other proof) evidencing an exemption
from liability for such Sale and Services Taxes. Provider shall be responsible for any losses (including any deficiency, interest and penalties) imposed as a result of a failure to timely remit such Sale and Services Taxes to the applicable tax
authority to the extent the Recipient timely remits such Sale and Services Taxes to Provider or Provider’s failure to do so results from Provider’s failure to timely charge or invoice such Sale and Services Taxes. The Recipient shall be
entitled to any refund of any such Sale and Services Taxes paid in excess of liability as determined at a later date. Provider shall promptly notify the Recipient of any deficiency claim or similar notice by a tax authority with respect to Sale and
Services Taxes payable hereunder, and of any pending audit or other proceeding that could lead to the imposition of Sales and Services Taxes payable hereunder. 

Section 5.6 No Offset. Recipient shall not withhold any payments due under this Agreement in order to offset payments due (or to
become due) to Recipient pursuant to this Agreement unless such withholding is mutually agreed to by the Parties in writing or is provided for in the final ruling of a court. Any required adjustment to payments due hereunder will be made as a
subsequent invoice. 
 Section 5.7 Invoice Disputes. In the event of an invoice dispute, the disputing Party shall deliver a
written statement to the other Party no later than the date payment is due on the disputed invoice listing all disputed items and providing a reasonably detailed description of each disputed item. Amounts not so disputed shall be deemed accepted and
shall be paid, notwithstanding disputes on other items, within the period set forth in Section 5.4. The Parties shall seek to resolve all such disputes expeditiously and in good faith. Provider shall continue performing the
Services in accordance with this Agreement pending resolution of any dispute. 

  
 9 

 Section 5.8 Audit. At the request of Recipient, Provider shall provide to
Recipient and its Affiliates reasonable access to Provider’s applicable Personnel and records with respect to the amount charged in connection with any Service so that Recipient may confirm that the pass through costs incurred by Provider or,
to the extent such Service is provided on an hourly basis, information related to hours worked in connection with such Service, are commensurate with the amount charged to Recipient for such Service. In the event that Recipient believes that the
amount charged to Recipient materially exceeds the pass through costs actually incurred by Provider or hours charged in connection with such Service, the Parties shall review such matter in good faith. 

ARTICLE VI 
 TERM AND TERMINATION

 Section 6.1 Term of Services. With respect to each of the Services, the term thereof will be for a period commencing as of
the date hereof, unless a different date is specified as the commencement date for any applicable Service on Exhibit A or Exhibit B (either, a “Commencement Date”), and shall continue until 12 months following the
Commencement Date unless (i) such other date as is specified as the termination date for any applicable Service in this Agreement or on Exhibit A or Exhibit B, as applicable (the “Term”) or (ii) earlier
terminated pursuant to this Agreement (a “Termination Date”). 
 Section 6.2 Termination of Services. Except as
agreed by the Parties in writing or as otherwise stated in the Exhibits, Company may terminate for convenience any Transition Service, and PACTIV may terminate for convenience any Reverse Transition Service, upon 30 days’ prior written notice
of such termination; provided, that any unamortized costs associated with Provider’s purchase of any license or other costs incurred specifically for the purpose of providing the Services hereunder will be passed through to the
Terminating Party. Upon termination of any Service pursuant to this Section 6.2, the Terminating Party’s obligation to pay for such Service will cease except any sums accrued or due as of the date of such early
termination for Services rendered (which shall include (i) any amounts contemplated by 6.2(b), plus (ii) a pro rata portion of any fees applicable to the current period in which such Services are being performed if the applicable fee is
determined on a period by period basis as set forth on Exhibit A or Exhibit B, as applicable). The provisions of this Section 6.2 shall apply mutatis mutandis with respect to any assignment of this
Agreement subject to Section 10.10(b) and the Parties will negotiate in good faith regarding fee allocations and, if necessary, early termination or partial termination of any Services. 

  
 10 

 Section 6.3 Termination of Agreement. This Agreement shall terminate when the
Termination Date has occurred for all Services. In addition, this Agreement may be terminated by either Party (the “Terminating Party”) upon written notice to the other Party (which notice, in case of material breach, shall specify
the basis for such claim for breach), if: 
 (a) the other Party or its Affiliates materially breaches this Agreement and
such breach is not cured, to the reasonable satisfaction of the Terminating Party, within thirty (30) days of written notice thereof, it being understood that a good-faith dispute over an invoice or Service shall not constitute a material
breach of this Agreement; or 
 (b) the other Party files for bankruptcy or similar proceeding, is the subject of an
involuntary filing for bankruptcy or similar proceeding (not dismissed within sixty (60) days), makes a general assignment of all or substantially all of its assets for the benefit of creditors, becomes or is declared insolvent, becomes the
subject of any proceedings (not dismissed within sixty (60) days) related to its liquidation, insolvency, bankruptcy or the appointment of a trustee or a receiver, takes any corporate action for its winding up or dissolution, or a court
approves reorganization proceedings on such Party. 
 Section 6.4 Effect of Termination. Upon any termination or expiration of
this Agreement or any Service provided hereunder: 
 (a) each Party shall, and shall cause its Affiliates to, as soon as
practicable, return to the other Party any equipment, books, records, files and other property, not including current or archived copies of computer files, of the other Party, its Affiliates and their respective third-party service providers, that
is in the Party’s or its Affiliates’ possession or control (and, in case of termination of one or more specific Services, only the equipment, books, records, files and other property, not including current or archived copies of computer
files, that are used in connection with the provision or receipt solely of such Services and of no other Services); and 

(b) the intellectual property license granted by Section 8.2 shall terminate; provided,
however, that in the case of termination of a specific Service, such license shall terminate only to the extent such license was necessary for the provision or receipt of such Service and is not necessary for any other Service that has not
yet terminated. 
 Section 6.5 Survival. The following Articles and Sections shall survive the termination or expiration of this
Agreement, including the rights and obligations of each Party thereunder: Article I; Article V; this Article VI; Article VII; Article IX; and Article X. 

ARTICLE VII 
 BOOKS AND RECORDS

 Section 7.1 TSA Books and Records. 

(a) The Parties shall, and shall cause each of their respective Affiliates to, take reasonable steps to maintain books and
records of all material transactions pertaining to, and all data used by it, in the performance of the Services (the “TSA Records”). The TSA Records shall be maintained (a) in a format substantially similar to the format such
books and records are maintained as of the date hereof, (b) in accordance with any and all applicable Laws and (c) in accordance with the maintaining Party’s business record retention policies. 

  
 11 

 (b) Each Party shall make the TSA Records it maintains available to the
other Party and its Affiliates and their respective auditors or other representatives, and in any event to any Governmental Authority, during normal business hours on reasonable prior notice (it being understood that TSA Records that are not stored
on a Party’s regular business premises will require additional time to retrieve), for review, inspection, examination and, at the reviewing Party’s reasonable expense, reproduction. Access to such TSA Records shall be exercised by a Party
and its Affiliates and their authorized representatives in a manner that shall not interfere unreasonably with the normal operations of the Party maintaining the TSA Records. In connection with such review of TSA Records, and upon reasonable prior
notice, a reviewing Party and its Affiliates shall have the right to discuss matters relating to the TSA Records with the employees of the Party or its Affiliates who are maintaining the relevant TSA Records and providing the Services, as
applicable, during regular business hours and without undue disruption of the normal operations of such maintaining and providing Party or its Affiliates. Neither Party shall have access to any TSA Records, and neither Party shall be required to
provide access or disclose information, when such access or disclosure would jeopardize any attorney-client privilege or violate any applicable Law (provided that such party shall use commercially reasonable efforts to provide such access or share
such information in a manner that would not jeopardize any such privilege or violate any such Law). Each Party’s rights under this Section 7.1(b) shall continue for so long as TSA Records are required to be maintained
by the other Party under Section 7.1(a). 
 Section 7.2 Access to Information; Books and Records. 

(a) On and after the Commencement Date, PACTIV shall, and shall cause its Affiliates to, until the 7th anniversary of the
Commencement Date, afford to RCP and its employees and authorized representatives during normal business hours reasonable access to their books of account, financial and other records (including accountant’s work papers), information, employees
and auditors at the Company’s expense to the extent necessary or useful for the Company in connection with any audit, investigation, or dispute or Litigation (other than any Litigation involving a dispute between the Parties) or any other
reasonable business purpose relating to the Business; provided that any such access by RCP shall not unreasonably interfere with the conduct of the business of PACTIV and its Affiliates. 

(b) After the Commencement Date, RCP shall, and shall cause its Affiliates to, until the 7th anniversary of the Commencement
Date, afford to PACTIV and its employees and authorized representatives reasonable access to RCP’s employees and auditors, retain all books, records (including accountant’s work papers), and other information and documents pertaining to
the Business in existence on the Commencement Date and make available for inspection and copying by PACTIV (at PACTIV’s expense) during normal business hours, in each case so as not to unreasonably interfere with the conduct of the business of
RCP and its Affiliates, such information (A) as may be required by any Governmental Authority, including pursuant to any applicable Law or regulatory request or to prepare or file any Tax related documentation, (B) as may be necessary for
PACTIV or its Affiliates in connection with their ongoing financial reporting, accounting or other purpose related to PACTIV and Company’s affiliation immediately prior to the Commencement date, or (C) as may be necessary for PACTIV or its
Affiliates to perform their respective obligations pursuant to this Agreement or in connection with any Litigation (other than any Litigation involving a dispute between the parties), in each case subject to compliance with all applicable privacy
Laws. 

  
 12 

 (c) Notwithstanding anything to the contrary in this
Section 7.2, the Party granting access under Section 7.2(a) or Section 7.2(b) may withhold any document (or portions thereof) or information (i) that is subject to
the terms of a non-disclosure agreement with a third party (provided that such party shall use commercially reasonable efforts to share such information in a manner that would not violate any such obligation),
(ii) that may constitute privileged attorney-client communications or attorney work product and the transfer of which, or the provision of access to which, as reasonably determined by such Party’s counsel, constitutes a waiver of any such
privilege (provided that such party shall use commercially reasonable efforts to share such information in a manner that would not jeopardize any such privilege), or (iii) if the provision of access to such document (or portion thereof) or
information, as determined by such Party’s counsel, would reasonably be expected to conflict with applicable Laws. 
 Section 7.3
Non-Disclosure Agreements. To the extent that any third-party proprietor of information or software to be disclosed or made available to a Recipient in connection with performance of the Services
requires a specific form of non-disclosure agreement as a condition of such third party’s consent to use the same for the benefit of Recipient or to permit the Recipient access to such information or
software, each Party shall, or shall cause its relevant Affiliate to, as a condition to the receipt of such portion of the Services, execute (and shall cause its Personnel to execute, if reasonably required) any such form. 

Section 7.4 Confidential Information. 

(a) Each Party agrees to take the necessary steps to protect any Confidential Information of the other Party with at least the
same degree of care that the receiving Party uses to protect its own confidential or proprietary information of like kind, but not less than reasonable care. Neither Party shall use the other Party’s Confidential Information other than to
perform Services pursuant to this Agreement or pursuant to Section 7.2 herein. The obligation of confidentiality hereunder shall not apply to information that (i) was already in the possession of the receiving Party
without restriction on its use or disclosure prior to the receipt of the information from the disclosing Party, (ii) is or becomes available to the general public through no act or fault of the receiving Party, (iii) is rightfully
disclosed to the receiving Party by a third party without restriction on its use or disclosure, (iv) is independently developed by employees and/or consultants of the receiving Party who have not had access to the disclosing Party’s
Confidential Information, (v) is disclosed to the receiving Party after the receiving Party properly gave notice to the disclosing Party that the receiving Party no longer desired to receive any additional Confidential Information from the
disclosing Party, or (vi) is required to be disclosed pursuant to judicial or governmental decree or order, provided that the disclosing Party is, where permitted, given prompt written notice of and the opportunity to defend against disclosure
pursuant to such decree or order. 

  
 13 

 (b) Upon any termination or expiration of this Agreement, at the written
request of the other Party, each Party shall, and shall cause any of its Affiliates or third-party vendors used in connection with the provision or receipt of the Services to, deliver to the other Party (i) all records and data (including
backup tapes, records and related information) received, computed, developed, processed and stored by it hereunder in a readable format reasonably acceptable to the other Party, and (ii) all other Confidential Information of such other Party,
but excluding, in each case, (1) any information stored electronically in a back-up file pursuant to the receiving Party’s customary electronic back-up
practices which may be retained by such Party solely for archival purposes and subject to the continuing confidentiality obligations set forth in herein, and (2) any information obtained pursuant to Section 7.2 herein;
provided that, in lieu of delivering all of the foregoing to the other Party, the relevant delivering Party may confirm in writing that it has destroyed, or has caused PACTIV or Company, as the case may be, to destroy, all of the foregoing.

 ARTICLE VIII 
 INTELLECTUAL
PROPERTY 
 Section 8.1 Ownership of Intellectual Property. Subject to Section 8.3 herein, any
intellectual property owned by a Party, its Affiliates or third-party vendors and used in connection with the provision or receipt of the Services, as applicable, shall remain the property of such Party, its Affiliates, or third-party vendors. 

Section 8.2 License. Subject to Section 8.3 herein, each Party grants, and shall cause its Affiliates to
grant, to the other Party and its Affiliates, a royalty-free, non-exclusive, non-transferable, worldwide license, during the Term, to use the intellectual property owned
by such Party or its Affiliates (but excluding any trademarks) only to the extent necessary for the other Party and its Affiliates to provide or receive the Services, as applicable. Other than the license granted to a Party and its Affiliates
pursuant to the preceding sentence, neither Party nor its Affiliates shall have any right, title or interest in the intellectual property owned by the other Party or its Affiliates. 

Section 8.3 Design and Development Services. On RCP’s request, PACTIV may provide certain tooling and product design and
development Services (as described in Section G2.1 of Exhibit A). Ownership of the intellectual property relating to or resulting from such design and development Services must be agreed to by the Parties in writing on a case by case basis
and such intellectual property is not subject to the provisions of Section 8.1 or Section 8.2 herein. In the event the Parties do not come to an agreement on ownership of the intellectual property,
PACTIV can refuse to provide the Service and will not be in breach of this Agreement. 
 ARTICLE IX 

REMEDIES 
 Section 9.1
Indemnification. Subject to the limitations set forth in this Article IX, each Party (the “Indemnifying Party”) agrees to indemnify, defend and hold harmless the other Party and its Affiliates and its and their
respective directors, officers, employees, agents, representatives, successors and permitted assigns (collectively, the “Indemnified Parties”) from and against all Losses imposed upon or incurred by an Indemnified Party to the
extent arising out of or resulting from the Indemnifying Party’s or its Affiliates’ material breach of this Agreement, except to the extent that such Losses are primarily caused by the Indemnified Party. 

  
 14 

 Section 9.2 Exclusive Remedy. The indemnities provided for in
Section 9.1 shall be the sole and exclusive monetary remedy of the Parties hereto and their Affiliates and their respective officers, directors, employees, agents, representatives, successors and permitted assigns for any
breach of or inaccuracy in any representation or warranty or any breach, nonfulfillment or default in the performance of any of the covenants or agreements contained in this Agreement, and the Parties shall not be entitled to a rescission of this
Agreement or to any further indemnification rights or claims of any nature whatsoever in respect thereof (including any common law rights of contribution), all of which the Parties hereto hereby waive. 

Section 9.3 Disclaimer. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, (A) NO PARTY MAKES ANY REPRESENTATIONS OR WARRANTIES
OF ANY KIND, EXPRESS OR IMPLIED, WITH RESPECT TO THE MATERIALS AND SERVICES, AS APPLICABLE, PROVIDED HEREUNDER, AND ALL SUCH MATERIALS AND SERVICES, AS APPLICABLE, ARE PROVIDED ON AN “AS IS” BASIS AND (B) EACH PARTY DISCLAIMS ANY AND
ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT OR FITNESS FOR A PARTICULAR PURPOSE. 

Section 9.4 Limitations. 

(a) IN NO EVENT SHALL ANY PARTY BE LIABLE TO THE OTHER PARTY FOR ANY INDIRECT, SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL
DAMAGES, OR LOST PROFITS OR LOST REVENUES THAT THE OTHER PARTY MAY INCUR BY REASON OF ITS HAVING ENTERED INTO OR RELIED UPON THIS AGREEMENT, OR IN CONNECTION WITH ANY OF THE SERVICES PROVIDED HEREUNDER OR THE FAILURE THEREOF, REGARDLESS OF THE FORM
OF ACTION IN WHICH SUCH DAMAGES ARE ASSERTED, WHETHER IN CONTRACT OR TORT (INCLUDING NEGLIGENCE) OR OTHERWISE, EVEN IF ADVISED OF THE POSSIBILITY OF THE SAME OTHER THAN TO THE EXTENT AWARDED IN A THIRD PARTY CLAIM. 

(b) EXCEPT WITH RESPECT TO A MATERIAL BREACH CONSTITUTING WILLFUL MISCONDUCT BY A PROVIDER, REPEAT PERFORMANCE OF A SERVICE BY
THE PROVIDER OR REFUND OF THE FEES PAID FOR A SERVICE SHALL BE THE SOLE AND EXCLUSIVE REMEDY FOR BREACH OF THE SERVICES STANDARD FOR SUCH SERVICE. 

(c) IN NO EVENT SHALL A PARTY’S LIABILITY IN RELATION TO SERVICES PROVIDED UNDER THIS AGREEMENT EXCEED THE FEES PAID TO IT
UNDER THIS AGREEMENT FOR THE SPECIFIC SERVICE THAT RESULTED IN THE LOSS. 

  
 15 

 Section 9.5 Insurance. Each Party shall obtain and maintain, for the Term
(i) commercial general liability insurance with a single combined liability limit of at least $5,000,000 per occurrence, (ii) workers compensation/employer’s liability insurance with a liability limit of at least $1,000,000 per
occurrence or, if greater, the statutory minimum, and (iii) “all risk” property insurance on a replacement cost basis adequate to cover all assets and business interruption Losses that a Party may suffer in connection with or arising out
of this Agreement, subject to policy limits, and in the case of the policies described in clause (i) above, naming the other Party as an additional insured thereunder. Upon request, each Party shall provide the other Party a certificate of
insurance as proof of insurance coverage. 
 ARTICLE X 

MISCELLANEOUS 
 Section 10.1
Force Majeure. In the event that a Party is wholly or partially prevented from, or delayed in, providing one or more Services, or one or more Services are interrupted or suspended, by reason of events beyond their reasonable control, which by
their nature were not foreseen, or, if it was foreseen, was not reasonably avoidable, including acts of God, act of Governmental Authority, act of the public enemy or due to fire, explosion, accident, floods, embargoes, epidemics, war, acts of
terrorism, nuclear disaster, civil unrest or riots, civil commotion, insurrection, severe or adverse weather conditions, lack of or shortage of adequate electrical power, malfunctions of equipment or software (each, a “Force Majeure
Event”), such Party shall promptly give notice of any such Force Majeure Event to Company and shall indicate in such notice the effect of such event on their ability to perform hereunder and the anticipated duration of such event. The Party
whose performance is affected by the Force Majeure Event shall not be obligated to deliver or cause to be delivered the affected Services during such period, and the applicable Party shall not be obligated to pay during such period for any affected
Services not delivered. During the duration of a Force Majeure Event, the Party whose performance is affected by the Force Majeure Event shall, and shall cause their relevant Affiliates to, minimize to the extent practicable the effect of the Force
Majeure Event on their obligations hereunder and use commercially reasonable efforts to avoid or remove such Force Majeure Event and to resume delivery of the affected Services with the least delay practicable. 

Section 10.2 Authority. A Provider shall not be permitted to bind a Recipient or any of its Affiliates or enter into any
agreements (oral or written), contracts, leases, licenses or other documents (including the signing of checks, notes, bills of exchange or any other document, or accessing any funds from any bank accounts of Recipient or any of its Affiliates) on
behalf of Recipient or any of its Affiliates except with the express prior written consent of Recipient, which consent may be given from time to time as the need arises and for such limited purposes as expressed therein. 

Section 10.3 Specific Performance. The Parties shall be entitled to seek an injunction to prevent actual or threatened breaches of
this Agreement and to enforce specifically the terms and provisions of this Agreement, this being in addition to any other remedy to which they are entitled at law or in equity. For the avoidance of doubt, nothing contained herein shall prevent a
Party from seeking damages (to the extent permitted herein) in the event that specific performance is not available. 

  
 16 

 Section 10.4 Status of Parties. This Agreement is not intended to create, nor
will it be deemed or construed to create, any relationship between PACTIV and its Affiliates, on the one hand, and Company and its respective Affiliates, on the other hand, other than that of independent entities contracting with each other solely
for the purpose of effecting the provisions of this Agreement. Neither PACTIV and its Affiliates, on the one hand, nor Company and its Affiliates, on the other hand, shall be construed to be the agent of the other. 

Section 10.5 Notices. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be
given by delivery in person, by facsimile (followed by overnight courier), Email (followed by overnight courier), or by registered or certified mail (postage prepaid, return receipt requested) to the other Party hereto as follows: 

if to Company, 
 Reynolds Consumer
Products Inc. 
 1900 W. Field Court 

Lake Forest, IL 60045 
 Attention:
    David Watson 
 Email:          David.Watson@reynoldsbrands.com 

if to PACTIV, 
 Pactiv LLC 

1900 W. Field Court 
 Lake Forest,
IL 60045 
 Attention:     Steve Karl 

Email:           skarl@pactiv.com 

with a copy (which shall not constitute notice) to: 

Reynolds Group Holdings Inc. 

1900 W. Field Court 
 Lake Forest,
IL 60045 
 Attention:     Joseph Doyle 

Email:          Joseph.Doyle@RankNA.com 

Reynolds Group Holdings Limited 

Level Nine 
 148 Quay Street 

P.O. Box 3515 
 Auckland, New
Zealand 
 Attention:     Helen Golding 

Email:           helen.golding@rankgroup.co.nz 

  
 17 

 or such other address, Email or facsimile number as such party may hereafter specify for the purpose by
notice to the other Party hereto. All such notices, requests and other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. on a Business Day in the place of receipt. Otherwise, any
such notice, request or communication shall be deemed to have been received on the next succeeding Business Day in the place of receipt. Notwithstanding the forgoing, normal business communications with respect to the Services may be given by the
Parties by whatever means are usual and appropriate for such types of communications. 
 Section 10.6 Entire Agreement. This
Agreement, including all Exhibits, constitute the sole and entire agreement and supersede all prior agreements, understandings and representations, both written and oral, between the Parties with respect to the subject matter hereof. 

Section 10.7 Waivers and Amendments; Non-Contractual Remedies; Preservation of Remedies.
No amendment, modification or discharge of this Agreement, and no waiver hereunder, shall be valid or binding unless set forth in writing and duly executed by the Party against whom enforcement of the amendment, modification, discharge or waiver is
sought. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the Party granting such waiver in any other respect or at any other time. Neither the
waiver by any of the Parties hereto of a breach of or a default under any of the provisions of this Agreement, nor the failure by any of the Parties, on one or more occasions, to enforce any of the provisions of this Agreement or to exercise any
right or privilege hereunder, shall be construed as a waiver of any other breach or default of a similar nature, or as a waiver of any of such provisions, rights or privileges hereunder. The rights and remedies herein provided are cumulative and
none is exclusive of any other, or of any rights or remedies that any Party may otherwise have at law or in equity. 
 Section 10.8
Governing Law, etc. 
 (a) This Agreement shall be governed in all respects, including as to validity, interpretation
and effect, by the Laws of the State of Illinois, without giving effect to its principles or rules of conflict of laws, to the extent such principles or rules are not mandatorily applicable by statute and would permit or require the application of
the Laws of another jurisdiction. Each of the Parties hereto submits to the jurisdiction of any state or federal court sitting in Lake County, Illinois, in any action or proceeding arising out of or relating to this Agreement, agrees to bring all
claims under any theory of liability in respect of such action or proceeding exclusively in any such court and agrees not to bring any action or proceeding arising out of or relating to this Agreement in any other court. Each of the Parties hereto
waives any defense of inconvenient forum to the maintenance of any action or proceeding so brought and waives any bond, surety or other security that might be required of any other party with respect thereto. Each Party hereto agrees that service of
summons and complaint or any other process that might be served in any action or proceeding may be made on such Party by sending or delivering a copy of the process to the Party to be served at the address of the Party and in the manner provided for
the giving of notices in Section 10.5. Nothing in this Section 10.8, however, shall affect the right of any Party to serve legal process in any other manner permitted by Law. Each Party hereto
agrees that a final, non-appealable judgment in any action or proceeding so brought shall be conclusive and may be enforced by suit on the judgment or in any other manner provided by Law. 

  
 18 

 (b) (b) The Parties each hereby waive, to the fullest extent permitted by
Law, any right to trial by jury of any claim, demand, action, or cause of action (i) arising under this Agreement or (ii) in any way connected with or related or incidental to the dealings of the Parties hereto in respect of this Agreement
or any of the transactions related hereto, in each case whether now existing or hereafter arising, and whether in contract, tort, equity, or otherwise. The Parties to this Agreement each hereby agree and consent that any such claim, demand, action,
or cause of action shall be decided by court trial without a jury and that the parties to this Agreement may file an original counterpart of a copy of this Agreement with any court as written evidence of the consent of the Parties hereto to the
waiver of their right to trial by jury. 
 Section 10.9 Further Assurances. Each Party covenants and agrees that, without any
additional consideration, it shall execute and deliver, or shall cause its Affiliates to execute and deliver, such documents and other papers and shall take, or shall cause its Affiliates to take, such further actions as may be reasonably required
to carry out the provisions of this Agreement and give effect to the transactions contemplated by this Agreement. 
 Section 10.10
Assignment. No Party may assign this Agreement, or any of its rights or obligations under this Agreement (whether by operation of Law or otherwise), without the prior written consent of the other Party; provided, that notwithstanding
the foregoing, any Party may assign any or all of its rights or obligations under this Agreement without the consent of the other Party to: (a) its Affiliates, (b) a purchaser of: (i) one or more of its Affiliates that is a Provider
or Recipient under this Agreement; (ii) all or substantially all of the business or assets of one or more of its Affiliates that is a Provider or Recipient under this Agreement; or (iii) all or substantially all of such Party’s
business or assets, or (c) its financing sources solely for collateral purposes, in each case so long as the assignee agrees to be bound by the terms of this Agreement. Any permitted assignment shall be binding upon and inure to the benefit of
the Parties and their respective heirs, successors and permitted assigns. Any attempted assignment of this Agreement, or the rights or obligations herein, not in accordance with the terms of this Section 10.10 shall be
void. 
 Section 10.11 Severability. If any term or other provision of this Agreement is determined by a court of competent
jurisdiction to be invalid, illegal or unenforceable, all other provisions of this Agreement shall remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner
materially adverse to any Party. Upon any such determination, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner in order that the
transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 
 Section 10.12
Interpretation. 
 (a) The Parties acknowledge and agree that, except as specifically provided herein, they may pursue
judicial remedies at law or equity in the event of a dispute with respect to the interpretation or construction of this Agreement. 

  
 19 

 (b) This Agreement shall be interpreted and enforced in accordance with the
provisions hereof without the aid of any canon, custom or rule of law requiring or suggesting constitution against the Party causing the drafting of the provision in question. 

Section 10.13 No Third-Party Beneficiaries. Other than the rights granted to the Indemnified Parties under
Section 9.1, nothing in this Agreement is intended or shall be construed to give any person, other than the Parties hereto, their successors and permitted novates, transferees and assigns, any legal or equitable right,
remedy or claim under or in respect of this Agreement or any provision contained herein. 
 Section 10.14 Counterparts. This
Agreement may be executed in several counterparts, each of which shall be deemed an original and all of which shall together constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by
facsimile or scanned pages shall be effective as delivery of a manually executed counterpart to this Agreement. 
 Section 10.15
Headings. The headings in this Agreement are for reference only and shall not affect the interpretation of this Agreement. 

Section 10.16 Order of Precedence. In the event of any conflict between the provisions of any Exhibit and the other provisions of
this Agreement, the other provisions of this Agreement shall govern, except to the extent that the relevant provision of the Exhibit expressly identifies the provision of this Agreement it supersedes and expressly indicates that such provision is
being superseded or this Agreement expressly indicates that the Exhibit governs. 
 [Signature page follows] 

  
 20 

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

			
	Reynolds Consumer Products LLC
		
	By:	 	 /s/ Lance Mitchell

	Name:	 	Lance Mitchell
	Title:	 	CEO
	
	Pactiv LLC
		
	By:	 	 /s/ John McGrath

	Name:	 	John McGrath
	Title:	 	CEO

 EXHIBIT A 

Transition Services 
 Section
G1: Tooling and Spare Parts Services 
  

									
	 	  	 Service Name
	  	 Description of Service
	  	 Term
	 	 Fee (USD)

	G1.1	  	Tooling Services – Repair & Replacement Support	  	 Provision of support for cups, injection molding, and molded fiber tooling and screens, including:

 
 •   Repair or replacement
of tooling existing at the Commencement Date and new tooling
  

•   Transition of relationships with third party suppliers.

 
 Requests for services pursuant to this G1.1 shall be made in accordance with the RCP
Purchases Tooling/Repairs SOP effective November 1, 2019 (as may be amended from time to time).
	  	12 months from the Commencement Date	 	Actual cost plus 5% for engineering design costs, labor, materials, external tooling and freight/customs/tariffs (as applicable)
					
	G1.2	  	Spare Parts Services – Maintenance Parts Access	  	 Access to spare maintenance parts for certain machinery located at:
  

•   Huntersville (injection molding, cups, straws)

 
 •   Red Bluff (molded
fiber)
  
 Requests for services pursuant to this G1.1 shall be made in accordance with
the Spare Parts Sell/Buy Process SOP effective November 1, 2019 (as may be amended from time to time).
	  	12 months from the Commencement Date	 	Last purchase price paid for the requested part plus 5%, plus the difference between last purchase price and replacement cost if greater than $200

 CONFIDENTIAL 

RB/HTV TSA 
 Section G2: Engineering Services

  

									
	 	  	 Service Name
	  	 Description of Service
	  	 Term
	 	 Fee (USD)

	G2.1	  	Engineering Services – General Support Services	  	 Provision of engineering support for:
  

•   Capital projects
  

•   Tooling design
  

•   Process support
  

•   Automation support
  

•   New products development support for products to be produced at RCP locations

 
 •   Materials
development
  

•   Product testing (for products to be produced at RCP locations)

 
 Provision of training of new RCP employees upon request.

 
 Requests for services pursuant to this G2.1 shall be made in accordance with the PTV
Engineering Support to RCP SOP effective November 1, 2019 (as may be amended from time to time).
	  	12 months from the Commencement Date	 	 Actual cost incurred for labor, materials, and expenses
  

Plus the pass-through of actual third-party costs incurred in providing the service

  
 A-2 

 CONFIDENTIAL 

RB/HTV TSA 
 Section G3: Financial Services

  

									
	 	  	 Service Name
	  	 Description of Service
	  	 Term
	 	 Fee (USD)

	G3.1	  	Financial Services – Accounting	  	 Provision of month-end close services (consistent with past practices) and handover support for
accounting including:
  
 •   Month-end close journal entries and related support activities (consistent with past practices)
  

•   Training on current practices and procedures

 
 •   Analytics assistance
and support
  

•   Accounting handover

 
 Services pursuant to this G3.1 shall be performed in accordance with the standard
operating procedures as agreed between the Parties in writing (as may be amended from time to time).
	  	12 months from the Commencement Date	 	 $325 per month for Red Bluff
  

$650 per month for Huntersville
  

Plus the pass-through of actual third-party costs incurred in providing the service

  
 A-3 

 CONFIDENTIAL 

RB/HTV TSA 
 Section G4: Procurement Services

  

									
	 	  	 Service Name
	  	 Description of Service
	  	 Term
	 	 Fee (USD)

	G4.1	  	Procurement Services – Planning	  	 Provision of procurement support, training, and handover services in relation to long-term master and capacity planning, including but not
limited to:
  

•   Processing requisitions related to MRO and other services into purchase orders
(transactional support only)
  

•   Handover of information related to strategic RFPs (i.e. corrugate)

 
 •   Support and training
for pricing management
  

•   Transition and training for commodity and raw material procurement

 
 •   Transition support for
transfer of existing supplier/vendor contracts and relationships
	  	12 months from the Commencement Date	 	 Transactional Support – $40 per person / per hour
  

Strategic Support – $100 per person / per hour
  

Plus the pass-through of actual third-party costs incurred in providing the service

  
 A-4 

 CONFIDENTIAL 

RB/HTV TSA 
 Section G5: Environmental,
Health & Safety Support Services 
  

									
	 	  	 Service Name
	  	 Description of Service
	  	 Term
	 	 Fee (USD)

	G5.1	  	General Services – EH&S	  	 Provision of handover and support services related to workers’ compensation, environmental, health and safety matters for the following
facilities, including but not limited to:
  

•   Huntersville
  

•   Oversight of annual air emissions inventory due April 2020 (consistent with past practice),
including transition of relationship with third party consultants and handover of historical data
  

•   General handover support for miscellaneous matters

 
 •   McDonalds
sustainability initiative support and handover services
  

•   Red Bluff
  

•   Oversight and coordination of boiler testing and greenhouse gas reporting (consistent with
past practice), including transition of relationship with third party consultants and handover of historical data
  

•   Handover services and training for routine NPDES and landfill reporting requirements

 
 •   General support and
handover services for regulatory matters
  
 Provision of support and handover services
for any other workers’ compensation, environmental, health and safety related matters.
	  	12 months from the Commencement Date	 	 $85 per person / per hour
  

Plus the pass-through of actual third-party costs incurred in providing the service

  
 A-5 

 CONFIDENTIAL 

RB/HTV TSA 
 EXHIBIT B 

Reverse Transition Services 

Section GR1: Spare Parts Services 
  

									
	 	  	 Service Name
	  	 Description of Service
	  	 Term
	 	 Fee (USD)

	GR1.1	  	Spare Parts Services – Maintenance Parts Access	  	 Access to spare maintenance parts for certain machinery located at:
  

•   Bedford Park I (injection molding)

 
 •   Bridgeview (cups)

 
 •   Mooresville (cups)

 
 •   Plattsburg (molded
fiber)
  
 Requests for services pursuant to this GR1.1 shall be made in accordance with
the Spare Parts Sell/Buy Process SOP effective November 1, 2019 (as may be amended from time to time).
	  	12 months from the Commencement Date	 	Last purchase price paid for the requested part plus 5%, plus the difference between last purchase price and replacement cost if greater than $200

  
 B-1 

 CONFIDENTIAL 

RB/HTV TSA 
 EXHIBIT C 

Service Coordinators 

To be designated in writing from time to time by each party. 

  
 C-1

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