EMPLOYMENT AGREEMENT

THIS AGREEMENT is made effective as of February 6, 2006 by and among Pregis Holding I Corporation, a Delaware corporation (?Pregis I?), and its wholly owned subsidiaries, Pregis Holding II Corporation, a Delaware corporation (?Pregis II?) and Pregis Corporation, a Delaware corporation (?Pregis?) (Pregis I, Pregis II and Pregis, collectively, the ?Employers? and individually an ?Employer?), and Vincent P. Langone (?Executive?).

RECITALS

WHEREAS, Executive desires to be employed by Employers;

WHEREAS, Employers desire to employ Executive and to utilize his management services as indicated herein, and Executive has agreed to provide such management services to Employers; and

WHEREAS, as a condition precedent and a material inducement for Employers to employ and pay Executive, Executive has agreed to execute this Agreement and the Noncompetition Agreement, dated as of the date hereof, between Pregis I and Executive (the ?Noncompetition Agreement?), and be bound by the provisions herein and therein.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto agree as follows:

PROVISIONS

1. Term and Duties. Employers hereby agree to employ Executive as President and Chief Executive Officer, with customary duties and responsibilities as presidents and chief executive officers of companies of comparable size, type and nature, commencing on February 6, 2006 (the ?Start Date?) and continuing for a period of three (3) years (the ?Initial Term?) or until terminated in accordance with this Section 1 or Section 4. Unless terminated by either Executive or Employers by written notice delivered at least thirty (30) days prior to the expiration of the Initial Term, Executive?s employment shall continue for successive one (1) year terms (each one (1) year term hereinafter referred to as a ?Subsequent Term? and, together with the Initial Term, the ?Term?) until terminated by written notice delivered at least thirty (30) days prior to the expiration of the Subsequent Term. Subject to the provisions of this Agreement, during the Term, Executive shall, to the best of his skill and ability, devote his efforts and abilities to the performance of Executive?s duties on behalf of Employers and to the promotion of their interests consistent with and subject to the direction and control of the

Board of Directors of each Employer (the ?Board?). Executive shall report to the Board and shall devote substantially all of his business time, energies, attention and abilities to the operation of the business of Employers and shall not be actively involved in any other trade or business or as an employee of any other trade or business. Nothing in this Agreement shall preclude Executive from (i) engaging in charitable and community affairs, (ii) managing his personal investments (including acquiring or retaining securities of other companies and entities, provided such investments are passive), (iii) continuing to serve on the boards of directors of entities on which he presently serves (to the extent such service is not precluded by federal or state law or by conflict of interest by reason of his positions with Employers) which do not compete with any Employer, or (iv) subject to written approval of the Board, serving as a member of boards of directors of other companies or entities which do not compete with any Employer, or engaging in other activities which do not compete with any Employer or do not otherwise conflict with the provisions of this Agreement, in the case of each of (i) - (iv), which do not materially interfere with the performance of his duties hereunder. During the Term, Executive shall be a member of the Board of Directors of Pregis I and Pregis II.

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