Document:

exv10w92

	 	 	 	 	 

Exhibit 10.92

RANK GROUP LIMITED

LEVEL NINE

148 QUAY STREET

PO BOX 3515

AUCKLAND, NEW ZEALAND

October 15, 2009

Beverage Packaging Holdings (Luxembourg) III S.à r.l.

6C, PARC D’ACTIVITÉS SYRDALL

L-5365 MUNSBACH

GRAND DUCHY OF LUXEMBOURG

Ladies and Gentlemen:

     Reference is made to the Stock Purchase Agreement (the “Stock Purchase Agreement”),
dated as of October 15, 2009, by and between Beverage Packaging
Holdings (Luxembourg) III S.à r.l., a private limited liability
company (société
a responsabilité limitée) duly formed under the laws
of the Grand Duchy of Luxembourg (“Parent Buyer”), Reynolds Group Holdings Inc. a Delaware
corporation (“Subsidiary Buyer”, and together with the Parent Buyer, the “Buyers”),
and Reynolds Consumer Products (NZ) Limited, a New Zealand company (“Seller”) (as such
agreement may be amended from time to time, the “Purchase Agreement”) Capitalized terms
used herein without definition shall have the meaning ascribed to them in the Purchase Agreement.

     As an inducement for the Buyers and Seller to enter into the Purchase Agreement, Rank Group
Limited (“Rank”), a New Zealand company and an
affiliate of Seller, hereby agrees to (i)
enforce, in its reasonable discretion, any and all indemnification claims Rank may have against
Alcoa Inc., a Pennsylvania corporation (“Alcoa”), under that certain Acquisition Agreement
(the “Alcoa Acquisition Agreement”), dated as of December 21, 2007, between Alcoa and Rank,
to the extent such claims are in respect of any Loss (as such term is defined in the Alcoa
Acquisition Agreement), experienced by the Business, any Company or
any Company Subsidiary and (ii)
shall promptly pay over to the applicable Company any amounts Rank or any of its Affiliates (other
than a Company or any Company Subsidiary) may receive from Alcoa pursuant to the Alcoa Acquisition
Agreement in respect of any such indemnification claim, net of any out of pocket costs and expenses
associated with asserting such claim.

     This letter shall terminate from and after the date on which all or portion of the equity
interests of any Buyer or Rank or any parent entity of any Buyer or Rank is issued to or sold,
assigned or otherwise transferred to any Person that is not controlled directly or indirectly by
the Hart Group.

     This letter will be governed by and construed in accordance with the internal law of the State
of New York. This letter may be executed in counterparts and by facsimile, each of which will be an
original and all of which together will be one and the same instrument.

[Remainder of the Page Intentionally Left Blank]

 

 

     Please evidence your agreement with the foregoing by executing a copy of this letter agreement and returning it to us.

	 	 	 	 	 
	 	Very truly yours,

RANK GROUP LIMITED

 	 
	 	By:  	/s/ Allen Philip Hugli
 	 
	 	 	Name:  	Allen Philip Hugli 	 
	 	 	Title:  	Authorized Signatory 	 
	 

	 	 	 	 	 
	 	Acknowledged and agreed 

as of the date set forth above:

BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) III S.À R.L.

 	 
	 	By:  	/s/
Helen Dorothy Golding
 	 
	 	 	Name:  	Helen Dorothy Golding  	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	REYNOLDS GROUP HOLDINGS INC.

 	 
	 	By:  	/s/ Cindi Lefari
 	 
	 	 	Name:  	Cindi Lefari 	 
	 	 	Title:  	Authorized Signatoryexv10w93

	 	 	 	 	 

Exhibit 10.93

Carter Holt Harvey Limited

173 Captain Springs Road

Onehunga

Auckland

New Zealand

April 25, 2010

Beverage Packaging Holdings (Luxembourg) III S.à r.l.

6C, Parc D’Activités Syrdall

L-5365 Munsbach

Grand Duchy of Luxembourg

Ladies and Gentlemen:

     Reference is made to the Reorganization Agreement, dated as of April 25, 2010, by and between
Beverage Packaging Holdings (Luxembourg) III S.à r.l., a private limited liability company (société
à responsabilité limitée) duly formed under the laws of the Grand Duchy of Luxembourg
(“Buyer”) and Carter Holt Harvey Limited, a New Zealand company (“Seller”) (as such
agreement may be amended from time to time, the “Purchase Agreement”). Capitalized terms
used herein without definition shall have the meaning ascribed to them in the Purchase Agreement.

     As an inducement for Buyer to enter into the Purchase Agreement, Seller hereby agrees to (i)
enforce, in its reasonable discretion, any and all indemnification claims Seller may have against
International Paper Company, a New York corporation (“IP”), under that certain Purchase Agreement
(the “IP Purchase Agreement”), dated as of December 14, 2006 by and among IP, Seller, and
Evergreen Packaging Inc., to the extent such claims are in respect of any (i) Buyer Damages, (ii)
liability for Taxes as set forth in Section 7.9(b) of the IP Purchase Agreement (as such terms are
defined in the Purchase Agreement), experienced by any Buyer
Indemnitee and (iii) shall promptly
pay over to the Buyer any amounts Seller or any of its affiliates (other than the Buyer or any of
its Subsidiaries) may receive from IP pursuant to the IP Purchase Agreement in respect of any such
indemnification claim, net of any out of pocket costs and expenses associated with asserting such
claim.

     This letter shall terminate from and after the date on which all or a portion of the equity
interests of Buyer or Seller or any parent entity of Buyer or Seller is issued to or sold, assigned
or otherwise transferred to any Person that is not controlled directly or indirectly by the Hart
Group.

     This letter will be governed by and construed in accordance with the internal law of the State
of New York. This letter may be executed in counterparts and by facsimile, each of which will be an
original and all of which together will be one and the same instrument.

[Remainder of the Page Intentionally Left Blank]

 

 

     Please evidence your agreement with the foregoing by executing a copy of this letter agreement and returning it to us.

	 	 	 	 	 
	 	Very truly yours,

CARTER HOLT HARVEY LIMITED

 	 
	 	By:  	/s/ Helen D. Golding
 	 
	 	 	Name:  	Helen D. Golding   	 
	 	 	Title:  	Authorized Signatory 	 
	 

	 	 	 	 	 
	 	Acknowledged and agreed 

as of the date set forth above:

BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) III S.À R.L.

 	 
	 	By:  	/s/ Helen D. Golding
 	 
	 	 	Name:  	Helen D. Golding   	 
	 	 	Title:  	Attorney in Factexv10w94

Exhibit 10.94

RANK GROUP LIMITED

LEVEL NINE 
148
QUAY STREET

PO BOX 3515

AUCKLAND, NEWZEALAND

September 1, 2010

Beverage
Packaging Holdings (Luxembourg) III S.à r.l.

6C, PARC D’ACTIVITÉS SYRDALL

L-5365 MUNSBACH

GRAND DUCHY OF LUXEMBOURG

REYNOLDS GROUP HOLDINGS INC. 
6641
West Broad Street 

Richmond, VA 23230

USA

CLOSURE SYSTEMS INTERNATIONAL B.V.

Teleportboulevard 140 

1043 EJ Amsterdam, 
The
Netherlands

Ladies and Gentlemen:

     Reference
is made to the Stock Purchase Agreement dated as of September 1,
2010, by and between Beverage Packaging Holdings (Luxembourg) III
S.à r.l., a
private limited liability company (société à responsabilité limitée) duly formed
under the laws of the Grand Duchy of Luxembourg (“Parent
Buyer”), Reynolds Group
Holdings Inc. a Delaware corporation (“US Subsidiary Buyer”), Closure Systems
International B.V., a private company with limited liability (besloten
vennootschap met beperkte aansprakelijkheid) incorporated under the laws of The
Netherlands (“International Subsidiary Buyer”) and, together with the
Parent Buyer and the US Subsidiary Buyer, the “Buyers”), and Reynolds Packaging
(NZ) Limited, a New Zealand company (“Seller”) (as such agreement may be amended
from time to time, the “Stock Purchase Agreement”). Capitalized terms
used herein without definition shall have the meaning ascribed to them in the
Stock Purchase Agreement.

     As an inducement for the
Buyers and Seller to enter into the Stock Purchase
Agreement, Rank Group Limited (“Rank”), a New Zealand company and an affiliate of
Seller, hereby agrees to (i) enforce, in its reasonable discretion, any and all
indemnification claims Rank may have against Alcoa Inc., a Pennsylvania
corporation (“Alcoa”), under that certain Acquisition Agreement (the
“Alcoa Acquisition Agreement”), dated as of
December 21, 2007, between
Alcoa and Rank, to the extent such claims are in respect of any Loss (as such
term is defined in the Alcoa Acquisition Agreement), experienced by the Business,
any Company or any Company Subsidiary and (ii) shall promptly pay over to the
applicable Company any amounts Rank or any of its

 

 

     Affiliates (other than a Company or any Company Subsidiary) may receive from Alcoa pursuant to the
Alcoa Acquisition Agreement in respect of any such indemnification
claim, net of any out of porcket
costs and expenses associated with asserting such claim.

     This letter shall terminate from and after the date on which all or portion of the equity
interests of any Buyer or Rank or any parent entity of any Buyer or Rank is issued to or sold,
assigned or otherwise transferred to any Person that is not controlled directly or indirectly by
the Hart Group.

     This
letter will be governed by and construed in accordance with the internal law of the State
of New York. This letter may be executed in counterparts and by facsimile, each of which will be an
original and all of which together will be one and the same instrument.

[Remainder of the Page Intentionally Left Blank]

2

 

     Please
evidence your agreement with the foregoing by executing a copy of this letter
agreement and returning it to us.

	 	 	 	 	 
	 	Very truly yours,

RANK GROUP LIMITED

 	 
	 	By:  	[ILLEGIBLE]
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Acknowledged and agreed

as of the dale set forth above:

BEVERAGE
PACKAGING HOLDINGS (LUXEMBOURG) III S.À R.L.

	 	 	 	 	 

	By:
	 	/s/ OLIVIER  DORIER	 	[ILLEGIBLE]
	 

	 	 

Name: OLIVIER  DORIER
	 	A MANAGER
	 

	 	Title:  B MANAGER	 	 

REYNOLDS GROUP HOLDINGS INC.

	 	 	 	 	 

	By:

	 	[ILLEGIBLE]
 

Name:
	 	 
	 

	 	Title:	 	 

CLOSURE SYSTEMS INTERNATIONAL B.V.

	 	 	 	 	 

	By:

	 	[ILLEGIBLE]
 

Name:
	 	 
	 

	 	Title:
     Orangefield Trust (Netherlands) B.V.	 	 
	 

	 	               Proxy Holder of CSI B.V.

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