EXHIBIT 10.15

Execution Copy

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INTERCREDITOR AGREEMENT

Dated as of July 2, 2002

      Re:   $25,000,000 6.90% Senior Notes, Series A, due January 30, 2007      
    $28,000,000 7.31% Senior Notes, Series B, due January 30, 2012          
$22,000,000 7.85% Senior Notes, Series C, due January 30, 2012

of

Bowne & Co., Inc.

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TABLE OF CONTENTS

                    SECTION   HEADING   PAGE
Parties
            1  
Recitals
            1  
SECTION 1.
  DEFINITIONS     2  
SECTION 2.
  SHARING OF RECOVERIES     4  
SECTION 3.
  AGREEMENTS AMONG THE CREDITORS     4    
Section 3.1.
  Independent Actions by Creditors     4    
Section 3.2.
  Relation of Creditors     5    
Section 3.3.
  Acknowledgment of Guaranties     5    
Section 3.4.
  Additional Guarantors     5    
Section 3.5.
  Determination of Amounts of Obligations     5  
SECTION 4.
  MISCELLANEOUS     6    
Section 4.1.
  Entire Agreement     6    
Section 4.2.
  Notices     6    
Section 4.3.
  Successors and Assigns     6    
Section 4.4.
  Consents, Amendment, Waivers     6    
Section 4.5.
  Governing Law     6    
Section 4.6.
  Counterparts     6    
Section 4.7.
  Sale of Interest     6    
Section 4.8.
  Severability     6    
Section 4.9.
  Expenses     6    
Section 4.10.
  Term of Agreement     6  
Signatures
            7  

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INTERCREDITOR AGREEMENT

     INTERCREDITOR AGREEMENT dated as of July 2, 2002 among the Creditors (as
defined below) of certain subsidiaries (each a “Subsidiary Guarantor”) of Bowne
& Co., Inc., a corporation incorporated under the laws of Delaware (the
“Company”).

R E C I T A L S :

     A. Under and pursuant to separate and several Note Purchase Agreements,
each dated as of January 30, 2002 (the “Note Purchase Agreements”), between the
Company and the purchasers named on Schedule A attached to said Note Purchase
Agreements (individually a “Noteholder” and collectively, the “Noteholders”),
the Company issued (a) $25,000,000 aggregate principal amount of its 6.90%
Senior Notes, Series A, due January 30, 2007 (the “Series A Notes”), (b)
$28,000,000 aggregate principal amount of its 7.31% Senior Notes, Series B, due
January 30, 2012 (the “Series B Notes”) and (c) $22,000,000 aggregate principal
amount of its 7.85% Senior Notes, Series C, due January 30, 2012 (the “Series C
Notes”; the Series A Notes, the Series B Notes and the Series C Notes being
hereinafter collectively referred to as the “Notes”).

     B. The Company has requested that the Noteholders amend the terms of the
Note Purchase Agreements pursuant to the terms of the First Amendment to the
Note Purchase Agreement dated as of July 2, 2002 (the “Amendment”).

     C. The Noteholders have required as a condition of their execution and
delivery of the Amendment that each of the parties listed on Schedule A hereto
(each a “Subsidiary Guarantor” and collectively the “Subsidiary Guarantors”)
enter into a guaranty as security for the Notes and accordingly each of the
Subsidiary Guarantors has agreed to provide a guaranty. Each such Subsidiary
Guarantor proposes to execute and deliver the Guaranty Agreement (the
“Noteholders’ Guaranty”) dated as of July 2, 2002 pursuant to which such
Subsidiary Guarantor will irrevocably, absolutely and unconditionally guarantee
to the Noteholders the payment of the principal of, premium, if any, and
interest on the Notes and the payment and performance of all other obligations
of the Company under the Note Purchase Agreements.

     D. Under and pursuant to that certain Credit Agreement dated as of July 2,
2002 (as it may be amended, modified, supplemented, renewed and extended from
time to time, the “Credit Agreement”) by and among the Company, the Subsidiary
Borrowers (as defined therein) party thereto, Fleet National Bank, as agent (the
“Agent”), the lending institutions that are party thereto (collectively, the
“Lenders”), JPMorgan Chase Bank, as Documentation Agent, Wachovia Bank, National
Association, as Syndication Agent, with Fleet Securities, Inc. having acted as
the Arranger, the Lenders have made available to the Company and the Subsidiary
Borrowers certain credit facilities in a current aggregate principal amount up
to $175,000,000 (all amounts outstanding in respect of said credit facilities
being hereinafter collectively referred to as the “Loans”).

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     E. In connection with the execution of the Credit Agreement and as security
for the Loans made thereunder, the Subsidiary Guarantors have heretofore
guaranteed to the Lenders the payment of the Loans and all other obligations of
the Company and the Subsidiary Borrowers under the Credit Agreement under that
certain guaranty agreement (as such agreement may be modified, amended, renewed
or replaced, including any increase in the amount thereof, the “Lenders’
Guaranty”).

     F. The Lenders’ Guaranty and the Noteholders’ Guaranty are each hereinafter
individually referred to as a “Subsidiary Guaranty” and collectively referred to
as the “Subsidiary Guaranties”.

     F. The Company and the Subsidiary Guarantors contemplate that from time to
time after the date hereof, additional subsidiaries of the Company may, subject
to the terms and conditions of the Credit Agreement and the Note Purchase
Agreements, issue additional guaranties which the Company, the Subsidiary
Guarantors and the Creditors wish to become subject to this Intercreditor
Agreement pursuant to the requirements of §3.4 hereof.

     G. Pursuant to the requirements of the Amendment, the Company has requested
and the Lenders and the Noteholders have agreed to enter into this Agreement.

     NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, the sufficiency and receipt of which are hereby
acknowledged, the parties hereto hereby agree a follows:

SECTION 1. DEFINITIONS.

     The following terms shall have the meanings assigned to them below in this
§1 or in the provisions of this Agreement referred to below:

     “Additional Guarantors” shall mean the Subsidiaries which are intended to
be subject to this Intercreditor Agreement pursuant to the requirements of §3.4
hereof.

     “Company” shall have the meaning assigned thereto in the Recitals hereof.

     “Credit Agreement” shall have the meaning assigned thereto in the Recitals
hereof.

     “Creditor” shall individually mean any Lender or Noteholder and “Creditors”
shall mean all of the Lenders and the Noteholders.

     “Excess Subsidiary Payment” shall mean as to any Creditor an amount equal
to the Subsidiary Payment received by such Creditor less the Pro Rata Share of
Subsidiary Payments to which such Creditor is then entitled.

     “Lender” and “Lenders” shall have the meanings assigned thereto in the
Recitals hereto.

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     “Lenders’ Guaranty” shall have the meaning assigned thereto in the Recitals
hereof.

     “Loans” shall have the meaning assigned thereto in the Recitals hereof.

     “Noteholder” and Noteholders” shall have the meanings assigned thereto in
the Recitals hereof.

     “Noteholders’ Guaranty” shall have the meaning assigned thereto in the
Recitals hereof.

     “Note Purchase Agreements” shall have the meaning assigned thereto in the
Recitals hereof.

     “Notes” shall have the meaning assigned thereto in the Recitals hereof.

     “Person” shall mean an individual, partnership, limited liability company,
corporation, trust or unincorporated organization, and a government or agency or
political subdivision thereof.

     “Pro Rata Share of Subsidiary Payments” shall mean as of the date of any
Subsidiary Payment to a Creditor in respect to a Subsidiary Agreement an amount
equal to the product obtained by multiplying (a) the amount of all Subsidiary
Payments made by the Subsidiary Guarantor to all Creditors less all reasonable
costs incurred by such Creditors in connection with the collection of such
Subsidiary Payments by (b) a fraction, the numerator of which shall be the
Specified Amount owing to such Creditor, and the denominator of which is the
aggregate amount of all outstanding Subject Obligations (without giving effect
in the denominator to the application of any such Subsidiary Payments).

     “Receiving Creditor” shall have the meaning assigned thereto in §2.

     “Requesting Creditor” shall have the meaning assigned thereto in §3.5.

     “Responding Creditor” shall have the meaning assigned thereto in §3.5.

     “Specified Amount” shall mean as to any Creditor the aggregate amount of
the Subject Obligations owed to such Creditor.

     “Subject Obligations” shall mean all principal of, premium, if any, and
interest on, the Notes and the Loans and all other obligations of the Company or
a Subsidiary Borrower under or in respect of the Notes and the Loans and under
the Note Purchase Agreements or the Credit Agreement and any other obligations
of the Company or a Subsidiary Borrower to the Lenders which are guaranteed by
the Lenders’ Guaranty.

     “Subsidiary Agreements” shall mean the Subsidiary Guaranties.

     “Subsidiary Borrower” shall have the meaning assigned thereto in the Credit
Agreement.

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     “Subsidiary Guarantor” and “Subsidiary Guarantors” shall have the meaning
assigned thereto in the Recitals hereof.

     “Subsidiary Guaranty” and “Subsidiary Guaranties” shall have the meanings
assigned thereto in the Recitals hereof.

     “Subsidiary Payment” shall have the meaning assigned thereto in §2.

SECTION 2. SHARING OF RECOVERIES.

     Each Creditor hereby agrees with each other Creditor that payments
(including payments made through setoff of deposit balances or otherwise or
payments or recoveries from any security interest granted to any Creditor) made
pursuant to the terms of the Subsidiary Agreements (a “Subsidiary Payment”)
shall be shared so that each Creditor shall receive its Pro Rata Share of
Subsidiary Payments. Accordingly, each Creditor hereby agrees that in the event
(i) any Creditor shall receive a Subsidiary Payment (a “Receiving Creditor”) and
(ii) any other Creditor shall not concurrently receive its Pro Rata Share of
Subsidiary Payments from such Subsidiary Guarantor, then the Receiving Creditor
shall promptly remit the Excess Subsidiary Payment to each other Creditor who
shall then be entitled thereto so that after giving effect to such payment (and
any other payments then being made by any other Receiving Creditor pursuant to
this §2) each Creditor shall have received its Pro Rata Share of Subsidiary
Payments.

     Any such payments shall be deemed to be and shall be made in consideration
of the purchase for cash at face value, but without recourse, ratably from the
other Creditors such amount of Notes or Loans (or interest therein), as the case
may be, to the extent necessary to cause such Receiving Creditor to share such
Excess Subsidiary Payment with the other Creditors as hereinabove provided;
provided, however, that if any such purchase or payment is made by any Receiving
Creditor and if such Excess Subsidiary Payment or part thereof is thereafter
recovered from such Receiving Creditor by such Subsidiary Guarantor (including,
without limitation, by any trustee in bankruptcy of such Subsidiary Guarantor or
any creditor thereof), the related purchase from the other Creditors shall be
rescinded ratably and the purchase price restored as to the portion of such
Excess Subsidiary Payment so recovered, but without interest; and provided
further nothing herein contained shall obligate any Creditor to resort to any
setoff, application of deposit balance or other means of payment under any
Subsidiary Agreement or avail itself of any recourse by resort to any property
of the Company, a Subsidiary Borrower or any Subsidiary Guarantor, the taking of
any such action to remain within the absolute discretion of such Creditor
without obligation of any kind to the other Creditors to take any such action.

SECTION 3. AGREEMENTS AMONG THE CREDITORS.

     Section 3.1. Independent Actions by Creditors. Nothing contained in this
Agreement shall prohibit any Creditor from accelerating the maturity of, or
demanding payment from a Subsidiary Guarantor on, any Subject Obligation of the
Company to such Creditor or from instituting legal action against the Company, a
Subsidiary Borrower or a Subsidiary Guarantor to obtain a judgment or other
legal process in respect of such Subject Obligation, but any funds

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received from a Subsidiary Guarantor in connection with any recovery therefrom
shall be subject to the terms of this Agreement.

     Section 3.2. Relation of Creditors. This Agreement is entered into solely
for the purposes set forth herein, and no Creditor assumes any responsibility to
any other party hereto to advise such other party of information known to such
other party regarding the financial condition of the Company, a Subsidiary
Borrower or a Subsidiary Guarantor or of any other circumstances bearing upon
the risk of nonpayment of the Subject Obligation. Each Creditor specifically
acknowledges and agrees that nothing contained in this Agreement is or is
intended to be for the benefit of the Company, a Subsidiary Borrowers or a
Subsidiary Guarantor and nothing contained herein shall limit or in any way
modify any of the obligations of the Company, any Subsidiary Borrower or any
Subsidiary Guarantor to the Creditors.

     Section 3.3. Acknowledgment of Guaranties. The Lenders hereby expressly
acknowledge the existence of the Noteholder Guaranty and the Noteholders hereby
expressly acknowledge the existence of the Lenders Guaranty.

     Section 3.4. Additional Guarantors. Additional Persons may become
“Subsidiary Guarantors” hereunder by executing and delivering to a then existing
Creditor a guaranty by which such Person has become a guarantor of the Notes or
Loans pursuant to the terms of the Credit Agreement or the Note Purchase
Agreements. Accordingly, upon the execution and delivery of any such copy of the
guaranty by any such Person, such Person shall, thereinafter become a
“Subsidiary Guarantor” for all purposes of this Agreement.

     Section 3.5. Determination of Amounts of Obligations. Whenever a Creditor
is required to determine the existence or amount of any of the Subject
Obligations or any portion thereof, it shall be entitled, absent manifest error,
to make such determination on the basis of one or more certificates of any other
Creditor (with respect to the Subject Obligations owed to such other Creditor);
provided, however, that if, notwithstanding the request of a Creditor (a
“Requesting Creditor”), any other Creditor (a “Responding Creditor”) shall fail
or refuse within ten business days of such request to certify as to the
existence or amount of any Subject Obligations or any portion thereof owed to
it, the Requesting Creditor shall be entitled to determine such existence or
amount by such method as the Requesting Creditor may, in its sole discretion,
determine, including by reliance upon a certificate of the Company; provided,
further, that, promptly following determination of any such amount, the
Requesting Creditor shall notify such Responding Creditor of such determination
and thereafter shall correct any error that such Responding Creditor brings to
the attention of such Requesting Creditor. A Creditor may rely conclusively, and
shall be fully protected in so relying, on any determination made by it in
accordance with the provisions of the preceding sentence (or as otherwise
directed by a court of competent jurisdiction) and shall have no liability to
any of the Company or any of its Subsidiary, any Creditor or any other person as
a result of any action taken by such Creditor based upon such determination
prior to receipt of notice of any error in such determination.

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SECTION 4. MISCELLANEOUS.

     Section 4.1. Entire Agreement. This Agreement represents the entire
Agreement among the Creditors and, except as otherwise provided, this Agreement
may not be altered, amended or modified except in a writing executed by all the
parties to this Agreement.

     Section 4.2. Notices. Notices hereunder shall be given to the Creditors at
their addresses as set forth in the Note Purchase Agreements or the Credit
Agreement, as the case may be, or at such other address as may be designated by
each in a written notice to the other parties hereto.

     Section 4.3. Successors and Assigns. This Agreement shall be binding upon
and inure to the benefit of each of the Creditors and their respective
successors and assigns, whether so expressed or not, and, in particular, shall
inure to the benefit of and be enforceable by any future holder or holders of
any Subject Obligations, and the term “Creditor” shall include any such
subsequent holder of Subject Obligations, wherever the context permits.

     Section 4.4. Consents, Amendment, Waivers. All amendments, waivers or
consents of any provision of this Agreement shall be effective only if the same
shall be in writing and signed by all of the Creditors.

     Section 4.5. Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of New York.

     Section 4.6. Counterparts. This Agreement may be executed in any number of
counterparts, all of which taken together shall constitute one Agreement, and
any of the parties hereto may execute this Agreement by signing any such
counterpart.

     Section 4.7. Sale of Interest. No Creditor will sell, transfer or otherwise
dispose of any interest in the Subject Obligations unless such purchaser or
transferee shall agree, in writing, to be bound by the terms of this Agreement.

     Section 4.8. Severability. In case any one or more of the provisions
contained in this Agreement shall be invalid, illegal or unenforceable in any
respect, the validity, legality and enforceability of the remaining provisions
of this Agreement shall not in any way be affected or impaired thereby.

     Section 4.9. Expenses. In the event of any litigation to enforce this
Agreement, the prevailing party shall, if not reimbursed by the Company, be
entitled to its reasonable attorney’s fees (including the allocated costs of
in-house counsel).

     Section 4.10. Term of Agreement. This Agreement shall terminate when all
Subject Obligations are paid in full and such payments are not subject to any
possibility of revocation or rescission or until all of the parties hereto
mutually agree in a writing to terminate this Agreement.

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     IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to
be executed as of the date first above written.

Accepted and Agreed to:

                    AMCO INSURANCE COMPANY, as a Noteholder                    
By                   Name: /s/ Mark W. Poeppelman

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            Title: Associate Vice President    

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Accepted and Agreed to:

                    CANADA LIFE INSURANCE COMPANY OF
     AMERICA, as a Noteholder                     By                   Name: /s/
C. Paul English

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            Title: Assistant Treasurer    

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Accepted and Agreed to:

                    CANADA LIFE ASSURANCE COMPANY, as a
     Noteholder                     By                   Name: /s/ C. Paul
English

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            Title: Associate Treasurer    

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Accepted and Agreed to:

                    GENERAL ELECTRIC CAPITAL ASSURANCE
     COMPANY, as a Noteholder                     By                   Name: /s/
Jon M. Lucia

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            Title: Senior Vice President – Fixed Income
Private Placement    

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Accepted and Agreed to:

                    GE LIFE AND ANNUITY ASSURANCE
     COMPANY, as a Noteholder                     By                   Name: /s/
Jon M. Lucia

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            Title: Senior Vice President – Fixed Income
Private Placement    

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Accepted and Agreed to:

                    MODERN WOODMEN OF AMERICA, as a
     Noteholder                     By                   Name: /s/ Michael E.
Dau

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            Title: Manager, Securities Division    

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Accepted and Agreed to:

                    NATIONWIDE INDEMNITY COMPANY, as a
     Noteholder                     By                   Name: /s/ Mark W.
Poeppelman

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            Title: Associate Vice President    

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Accepted and Agreed to:

                    NATIONWIDE LIFE INSURANCE COMPANY, as a
     Noteholder                     By                   Name: /s/ Mark W.
Poeppelman

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            Title: Associate Vice President    

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Accepted and Agreed to:

                    NATIONWIDE LIFE AND ANNUITY INSURANCE
     COMPANY, as a Noteholder                     By                   Name: /s/
Mark W. Poeppelman

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            Title: Associate Vice President    

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Accepted and Agreed to:

                    NATIONWIDE MUTUAL FIRE INSURANCE
     COMPANY, as a Noteholder                     By                   Name: /s/
Mark W. Poeppelman

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            Title: Associate Vice President    

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Accepted and Agreed to:

                    NATIONWIDE MUTUAL INSURANCE COMPANY,
     as a Noteholder                     By                   Name: /s/ Mark W.
Poeppelman

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            Title: Associate Vice President    

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Accepted and Agreed to:

                    PACIFIC LIFE INSURANCE COMPANY, as a
     Noteholder                     By                   Name: /s/ Cathy L.
Schwartz

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            Title: Assistant Vice President                         By          
        Name: /s/ Audrey Milfs

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            Title: Secretary    

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Accepted and Agreed to:

                    SCOTTSDALE INSURANCE COMPANY, as a
     Noteholder                     By                   Name: /s/ Mark W.
Poeppelman

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            Title: Associate Vice President    

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Accepted and Agreed to:

                FLEET NATIONAL BANK, as Agent under the
     Credit Agreement                 By:           Name: /s/ John T. Harrison

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        Title: Senior Vice President    

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     The undersigned hereby acknowledge and agree to the foregoing Agreement.

              BOWNE BUSINESS COMMUNICATIONS, INC.,
a New York corporation   BOWNE ENTERPRISE SOLUTIONS, L.L.C.,
a New York limited liability company   By       By      

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  Name: /s/ Philip E. Kucera     Name: /s/ Philip E. Kucera    

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  Title: Vice President     Title: Vice President of Bowne
Communications, Inc.
The Sole Member   BOWNE BUSINESS SOLUTIONS, INC.,
a Delaware corporation   BOWNE OF NEW YORK CITY, L.L.C.,
a New York limited liability company   By       By      

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  Name: /s/ Philip E. Kucera     Name: /s/ Philip E. Kucera    

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  Title: Vice President     Title: Vice President of Bowne & Co., Inc.
The Sole Member   BOWNE LOCALIZATION, INC.,
a Delaware corporation   BOWNE OF PHOENIX, INC.,
an Arizona corporation   By       By      

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  Name: /s/ Philip E. Kucera     Name: /s/ Philip E. Kucera    

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  Title: Vice President     Title: Vice President   BOWNE OF ATLANTA, INC.,
a Georgia corporation   BOWNE OF SOUTH BEND, INC.,
     a Delaware corporation   By       By      

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  Name: /s/ Philip E. Kucera     Name: /s/ Philip E. Kucera    

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  Title: Vice President     Title: Vice President   BOWNE OF BOSTON, INC.,
a Massachusetts corporation   BOWNE OF LOS ANGELES, INC.,
     a California corporation   By       By      

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  Name: /s/ Philip E. Kucera     Name: /s/ Philip E. Kucera    

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  Title: Vice President     Title: Vice President   BOWNE OF CHICAGO, INC.,
a Delaware corporation       By              

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              Name: /s/ Philip E. Kucera

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      Title: Vice President               BOWNE OF CLEVELAND, INC.,
an Ohio corporation               By          

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      Name: /s/ Philip E. Kucera

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      Title: Vice President               BOWNE OF DALLAS LIMITED PARTNERSHIP,
a Delaware limited partnership               By          

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      Name: /s/ Philip E. Kucera

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      Title: Vice President of Bowne of Dallas, Inc.
The Sole General Partner  

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     The undersigned hereby acknowledge and agree to the foregoing Agreement.

                BOWNE & CO., INC.                 By:            

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                    Name: /s/ C. Cody Colquitt

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                    Title: Senior Vice President and Chief           Financial
Officer    

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SCHEDULE A

SUBSIDIARY GUARANTORS

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BOWNE BUSINESS COMMUNICATIONS, INC., a New York corporation
BOWNE BUSINESS SOLUTIONS, INC., a Delaware corporation
BOWNE ENTERPRISE SOLUTIONS, L.L.C., a New York limited liability company
BOWNE OF NEW YORK CITY, L.L.C., a New York limited liability company
BOWNE LOCALIZATION, INC., a Delaware corporation
BOWNE OF PHOENIX, INC., an Arizona corporation
BOWNE OF ATLANTA, INC., a Georgia corporation
BOWNE OF BOSTON, INC., a Massachusetts corporation
BOWNE OF SOUTH BEND, INC., a Delaware corporation
BOWNE OF CHICAGO, INC., a Delaware corporation
BOWNE OF CLEVELAND, INC., an Ohio corporation
BOWNE OF DALLAS LIMITED PARTNERSHIP, a Delaware limited partnership
BOWNE OF LOS ANGELES, INC., a California corporation

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