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| (1)   | If      a Participant who is a Roaring Spring Mill Employee terminates employment      at or after his Normal Retirement Age, he will be entitled to a Normal      Retirement Pension in a monthly amount determined by multiplying his years      of Benefit Service (including fractions of a year in completed months) as      of his Termination of Employment by a benefit formula as      follows: |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Date of retirement from active employment and upon      which employment terminates:                              On or      After                                                  Prior      to | BenefitFormula       |  Benefit Formula for Nonparticipating Eligibility      Benefit Service[as defined in Section      H2.05(a)(3)] |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------|---------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                 |                                                                                                                |   |   |
|                          11/17/00                                                                                                                                                                                                                                                                                                                                                                                                                      | 11/12/01             | $31.50                                                                                                              | $14.50 |   |
| 11/12/01                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 11/17/01             | $39.50                                                                                                              | $15.00 |   |
| 11/17/01                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 11/17/03             | $40.00                                                                                                              | $15.00 |   |
| 11/17/03                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 11/17/07             | $41.00                                                                                                              | $15.00 |   |
| 11/17/07                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 11/17/08             | $41.50                                                                                                              | $15.00 |   |
| 11/17/08                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 11/17/09             | $42.00                                                                                                              | $15.00 |   |
| 11/17/09                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 11/17/10             | $42.50                                                                                                              | $15.00 |   |
| 11/17/10                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |  -      - - - - | $43.00                                                                                                              | $15.00 |   |

| (1) | For      a Participant who is an Appleton Plant Employee, if such Participant’s      employment terminates at or after his Normal Retirement Age, he will be      entitled to a Normal Retirement Pension in a monthly amount determined by      multiplying his years of Benefit Service (including fractions of a year in      completed months) as of his Termination of Employment by a benefit formula      as follows: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  On or After                                                                                                                                                                                                                              |  Prior to         |        Benefit Formula |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------|-----------------------------|
|                                     September      1, 2001 | September      1, 2003 | 36.50                       |
| September      1, 2003                                                                                                                                                                                                                         | September      1, 2005 | 37.50                       |
| September      1, 2005                                                                                                                                                                                                                         | September      1, 2008 | 41.00                       |
| September      1, 2008                                                                                                                                                                                                                         | September      1, 2010 | 42.00                       |
| September      1, 2010                                                                                                                                                                                                                         | - -      - - -         | 42.75                       |

|   |   | APPLETON      PAPERS INC.By:      Pension Benefits Finance Committee  |
|--------|--------|----------------------------------------------------------------------------|
|   | By:    | /s/      Thomas J. Ferree                                                  |
|   |   | Chief      FinancialOfficer                                                |

|   |   |                         |
|--------|--------|------------------------------|
|   | By:    | /s/      Jeffrey J. Fletcher |
|   |   | Controller                   |

|   |   |                                    |
|--------|--------|-----------------------------------------|
|   | By:    | /s/      Kerry S. Arent                 |
|   |   | Executive      Director, HumanResources |

|   |   |                         |
|--------|--------|------------------------------|
|   | By:    | /s/      Satish Dave         |
|   |   | Executive      Director,I.T. |