Reynolds Packaging F-4/A Registration of securities (foreign) (amended)

EXHIBIT 4.429

AMENDING AGREEMENT NO. 2 TO
CANADIAN PLEDGE AGREEMENT

(REYNOLDS FOOD PACKAGING CANADA INC.)

TO:	The Bank of New York Mellon (in its capacity as collateral agent for the Secured Parties as appointed under the First Lien Intercreditor Agreement and its successors, permitted transferees and permitted assigns, the “Collateral Agent”) on behalf of and for the benefit of itself and the other Secured Parties
FROM:	Reynolds Food Packaging Canada Inc. (the “Pledgor”)
DATED:	As of the 2nd day of May, 2011.

WHEREAS:

(A) The Pledgor granted the Collateral Agent a Canadian pledge agreement dated as of November 16, 2010, as amended by Amending Agreement No. 1 dated as of the 28^th day of April, 2011 (the “Canadian Pledge Agreement”);

(B) The Pledgor has recently acquired certain shares of Dopaco Canada, Inc. (the “New Shares”) and is therefore obligated to provide the Collateral Agent with an amended/updated Attachment 1 to the Canadian Pledge Agreement; and

(C) The Pledgor and the Collateral Agent have agreed to amend the Canadian Pledge Agreement by,inter alia, updating/amending the existing Attachment 1 (the “Old Attachment 1”) to the Canadian Pledge Agreement to reflect the addition of such New Shares;

NOW THEREFOREin consideration of good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Pledgor covenants and agrees in favour of the Collateral Agent as follows:

ARTICLE I
AMENDMENTS

Section 1.1Canadian Pledge Agreement Amendments. As of and with effect from the date hereof, the Canadian Pledge Agreement shall be amended as follows:

(1)	the Old Attachment 1 attached to the Canadian Pledge Agreement is deleted and replaced by the updated Attachment 1 (the “Updated Attachment 1”) attached as Schedule A to this Amending Agreement No. 2; and
(2)	the use of the term “Attachment 1” in the Canadian Pledge Agreement (as amended, extended, novated, restated, replaced, supplemented or otherwise modified from time to time) shall mean the Updated Attachment 1 as the same may be amended, extended, novated, restated, replaced, supplemented or otherwise updated from time to time.

ARTICLE II
MISCELLANEOUS

Section 2.1Continuing Effect. The parties hereby confirm the terms of the Canadian Pledge Agreement which continues in full force and effect as amended by the terms of this Amending Agreement No. 2. The Canadian Pledge Agreement and this Amending Agreement No. 2 shall hereafter be read and construed as one instrument.

Section 2.2Defined Terms. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Canadian Pledge Agreement.

Section 2.3Governing Law and Jurisdiction. This Amending Agreement No. 2 shall be governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein.

[SIGNATURE PAGE FOLLOWS]

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DATEDas of the date first set forth above.

REYNOLDS FOOD PACKAGING CANADA INC.
Per:	/s/ Cindi Lefari
	Name:	Cindi Lefari
	Title:	Authorised Signatory I have authority to bind the Corporation

SCHEDULE A

See attached.

ATTACHMENT 1 to
Canadian Pledge Agreement (Reynolds Food Packaging Canada Inc.)

Item A.Pledged Shares

					% of Shares		Represented by
	Number of		Number of		Pledged of All		Share Certificate
Pledged Share Issuer	Shares Owned		Shares Pledged		Outstanding Shares		No.
NEWSPRING CANADA INC.		871		871		100		C-11
CLOSURE SYSTEMS INTERNATIONAL (CANADA) LIMITED		5,289,001		5,289,001		100		C-2
DOPACO CANADA, INC.		1		1		100		10