AMENDMENT AGREEMENT

Subordination Agreement

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Title: AMENDMENT AGREEMENT
Date: 10/6/2009

Exhibit 10.4

5 OCTOBER 2009

AMENDMENT AGREEMENT
To a
SUBORDINATED PLEDGE AGREEMENT DATED 12 OCTOBER 2005

Between

PREGIS CORPORATION
AS THE PLEDGOR

and

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
AS THE SECURITY AGENT

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