RESOLUTION OF THE
ESOP ADMINISTRATIVE COMMITTEE
OF
APPVION, INC.

WHEREAS, the Board of Directors of Appvion, Inc., by resolution dated December
5, 2007, granted the ESOP Administrative Committee (the "Committee") the
authority to adopt non-material amendments to the Appvion, Inc. Retirement
Savings and Employee Stock Ownership Plan (the "Plan"); and

WHEREAS, the January 6, 2003 collective bargaining agreement between the Company
and the bargaining representative for bargaining unit employees of the Kansas
City Distribution Center provided, effective January 1, 2003, for a Company
Matching Contribution to the Plan equal to 50% of the Participant's Savings
Percentage invested under the Non-ESOP Component of the Plan; and

WHEREAS, the Plan has been administered in a manner consistent with the terms of
such collective bargaining agreement since the effective date thereof; and

WHEREAS, due to a scrivener's error, the Plan was not amended to reflect the
referenced terms of the Kansas City collective bargaining agreement; and

WHEREAS, the March 27, 2009 collective bargaining agreement between the Company
and the bargaining representative for bargaining unit employees at West
Carrollton provided, effective January 1, 2010, for a Company Matching
Contribution to the Plan equal to 50% of the Participant's Savings Percentage
invested under the Non-ESOP Component of the Plan; and

WHEREAS, the Plan has been administered in a manner consistent with the terms of
such collective bargaining agreement since the effective date thereof; and

WHEREAS, due to a scrivener's error, the Plan was not amended to reflect the
referenced terms of the West Carrollton collective bargaining agreement; and

WHEREAS, the Committee desires to amend the Plan in order to implement the
referenced provisions of the Company's collective bargaining agreements covering
Kansas City and West Carrollton bargaining unit employees, as set forth in the
attachment hereto ("Amendment Number Four").

NOW, THEREFORE, BE IT RESOLVED that the Committee does hereby approve and
authorize the execution, delivery and adoption of Amendment Number Four.

 

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IN WITNESS WHEREOF, the undersigned have in one or more counterparts, each of
which shall be considered an original, but all of which shall constitute one and
the same document, executed this Resolution on this  5th day of June, 2015.

 

 

 

/s/ Kerry S. Arent

Kerry S. Arent 

/s/ Thomas J. Ferree

Thomas J. Ferree

 

/s/ Kevin M. Gilligan

Jeffrey J. Fletcher

 

/s/ Mark R. Richards

Mark R. Richards

 

 

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AMENDMENT NUMBER FOUR
TO THE
APPVION, INC. RETIREMENT SAVINGS AND
EMPLOYEE STOCK OWNERSHIP PLAN
(Amended and Restated Generally Effective as of January 1, 2014)

The Appvion, Inc. Retirement Savings and Employee Stock Ownership Plan (the
“Plan”) is amended in the following respects with effect from the dates
specified below:

1. Effective January 1, 2003, Section 3.1(a)(6)(B) of the Plan is amended by
substituting “50%” for “80%”.

2. Effective January 1, 2010, Section 3.1(a)(3) of the Plan is amended by adding
following new sentence at the conclusion thereof:

“Effective January 1, 2010, Bargaining Unit Employees (West Carrollton) will
additionally receive a contribution equal to 50% of the Participant’s Savings
Percentage invested under the Non-ESOP Component of the Plan.”

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