Exhibit 10.47

Execution Version

SECOND AMENDMENT TO

EMPLOYEE MATTERS AGREEMENT

This SECOND AMENDMENT TO EMPLOYEE MATTERS AGREEMENT (this “Amendment”) is made on this 25^th day of September, 2024, by and among BERRY GLOBAL GROUP, INC., a Delaware corporation (“Remainco”), TREASURE HOLDCO, INC., a Delaware corporation and a wholly owned indirect Subsidiary of Remainco (“Spinco”), and GLATFELTER CORPORATION, a Pennsylvania corporation (“RMT Partner”).

RECITALS

WHEREAS, Remainco, Spinco, and RMT Partner are parties to that certain Employee Matters Agreement dated February 6, 2024, as amended July 8, 2024 (as amended, the “EMA”);

WHEREAS, Remainco, Spinco and RMT Partner desire to amend the EMA to update Exhibit A to the EMA; and

WHEREAS, amendment of the EMA is permitted pursuant to Section 13.7 thereof with the written consent of each of Remainco, Spinco and RMT Partner.

AGREEMENT

NOW, THEREFORE, in consideration of the foregoing and the mutual agreements, provisions and covenants contained in this Amendment, the Parties, intending to be legally bound hereby, agree as follows:

1. Exhibit A to the EMA is hereby deleted in its entirety and replaced with Exhibit A in the form attached to this Amendment.

2. Capitalized terms used but not defined in this Amendment shall have the meanings ascribed to such terms in the EMA.

3. This Amendment may be executed in any number of counterparts, each such counterpart being deemed to be an original instrument, and all such counterparts shall together constitute the same agreement. A signed copy of this Amendment delivered by facsimile, email or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Amendment.

4. Including as amended hereby, the EMA remains in full force and effect, is valid and binding on, and otherwise ratified by, the parties.

5. This Amendment, and the application or interpretation hereof, shall be governed exclusively by its terms and the Laws of the State of Delaware without regard to conflict of laws principles thereof (or any other jurisdiction) to the extent that such principles would direct a matter to another jurisdiction.

IN WITNESS WHEREOF, Remainco, Spinco, and RMT Partner have caused this Second Amendment to Employee Matters Agreement to be duly executed as of the date first above written.

	BERRY GLOBAL GROUP, INC.

	By
	Name:
	Title:

	TREASURE HOLDCO, INC.

	By
	Name:
	Title:

	GLATFELTER CORPORATION

	By
	Name:
	Title:

[Signature Page to Second Amendment to Employee Matters Agreement]

Exhibit A

	Last Name		First Name
	BEGLE		CURTIS
	BURGER		DAVID
	FORSELL		MICHELE
	GARRISON		GUY
	GIORDANO		ERNEST
	MANROA		TARUN
	MICHALAK		ROBERT
	TILL		JAMES
	DERVAES		ROBERT
	WAGONER		DAVID
	BENZ		WILLIAM
	BISHOP		NYLE
	BURGESS		STEVEN
	CABE		MICHAEL
	CLARK		CAROLYN
	CUNLIFFE		MATTHEW
	ELLIS		DIANNE
	GARDINER		JOHN
	GONDHALEKAR		ARCHANA
	GUERRERO		DANIEL
	HARDEE		DIANNA
	HARMON		PAUL
	MAYO		JERRY
	MCVEY		ELIZABETH
	OROPEZA		PAMELA
	PARKS		DAVID
	RABON		ROBERT
	REEVES		HOPE
	STREET		JOHN
	TINDALL		RUSSELL
	WANG		LEI
	WARD		STEVE
	WEILMINSTER		ROBERT
	YORGANSON		GLENDA
	YORK		TRACEY
	GREGORY		CHARLES
	MARTIN		LYNN
	MILLER		DONNIE
	BENDER		LISA
	CHESSER		KEITH
	COFFEY		SUSAN

[Exhibit A to Employee Matters Agreement]

	DYER		JOSEPH
	HUNT		PAUL
	LANDRETH		MARK
	LOVEDAY		JACK
	MANSOURI		BIJAN
	MCNULTY		THOMAS
	PHILLIPS		JACOB
	RICHARDSON		DOREEN
	SOLARZ		JULIE
	WADE		REGINA
	CHIRICO		WILLIAM
	GOLDTHORPE		LISE
	MAINVILLE		DANIEL
	MANN		GREGORY
	OGBOMO		CLEMENT
	WEEKS		LISA
	MONSIVAIS		MARIA DE JESUS
	TAFOYA		LUIS
	GRIFFON		DENIS
	MOREEL		LAURENT
	ELSNER		PAOLA
	SCHALK		ACHIM
	SIMON		STEPHANE
	HUNSINGER		DIDIER
	LALLEMAND		YOLANDE
	DIJKSTERHUIS		EELCO
	EBBERS		TON
	ROELOFS		MARGO
	STEENHOVEN		VAN DER TON
	NIGHTINGALE		VALERIE
	WORMALD		PAUL
	BARRICIELLO		VINCENZO
	CUI		YAN
	WANG		JACK
	ECKERT		JOSEPH
	HENDERSON		RONALD
	KUNDOVIC		HELMUT
	LIN		LINDA
	MERRILL		JAMES
	TEEGARDEN		LYNN
	YOUNG		LINDA
	GILBERT		WILLIE
	THOMAS		PAMELA

[Exhibit A to Employee Matters Agreement]

	WOLSTENHOLME		MICHAEL
	BOGGS		KENNETH
	BUZZARD		MARK
	FLAUGHER		JAMES
	ESCHENBACHER		FRANK
	GUENTHER		CHRISTIAN
	LOPEZ		FRANCISCO

[Exhibit A to Employee Matters Agreement]