IN 00!:53vlf6 December 21,2011 Mr.Billy Smith, Manager Major Source Division Air Pollution ControlMemphis/Shelby County Health Department 814 Jefferson Avenue Memphis, TN 38105 Environmental Testing & Consulting ofthe Americas, Inc. 751E. Brookhaven Circle, Memphis, TN 38117 USA Phone: (901) 685-2077 Fax: (901) 685-2261 RE: Termination ofTitleVAir Operating Permit forCleo Inc. (Source #0153) 4025 Viscount Avenue- Memphis, TN 38118 Dear Mr. Smith:

This correspondence istoserve as official notification toyour Department that Cleo Inc., located at 4025 Viscount Avenue in Memphis, Shelby County, Tennessee, is requesting the termination of their current TitleVAir Operating Permit (Source #0153) effective attheendof2011. Because there wasno production after June301h,no Semi-Annual reportis required asperthe Permit conditions.Ifyou have any questions, comments or require any additional information, please callmeat(901)

685-2077 orMr.Jim Stamatis ofCleo Inc.at(901) 369-6300. Sincerely,ETCofthe Americas, Inc. itx-;,;;:Mike Tooleya1E.PresidentTN#- 00153-6193 Source #: **0015~** Date: 115/2012 1/ANTV CLEO INC.Type ofDocwnent I Report: NOTIFlCA TIONTERMINATION TITLE V OPERATING PERMIT Date on Doc: 1/4/2012 *Coofldelitlal Material Form Attadaed: **~--APPROVED** AS CONFIDENTIAL YEs _NO_ AIRS **UPDATE:-~------** Date Reviewed: I>.. 4- **~** -'-.a\L... . **~.** Reviewed By: COMfLIANCEStATUS@J NO PENDING N/A MEMO:___, __ CH.ECK IF RETURN TO PERMITTER FOR FILE ___ DATE RETURNED TO DEBORAH TYPE OF NOTICE *1 NOI .. NOV OTHER](.•.'...• _J,.,.. ·,. ;.i 'lfi'. ' .I**~**,- **.P,I~t':~:**,; ...1 "' ' • January 4,2012 Mr. Billy Smith, Manager Major Source Division Air Pollution ControlMempbis/Shelby CoWlty Health Department 814 Jefferson Avenue Memphis, 1N 38105 ""-"' RE: Termination ofTitle VAir Operating Permit forCleo Inc (Source #0153) 4025 Viscount Avenue- Memphis, 1N 38118 Dear Mr. Smith: This correspondence istoserveas official notification toyour Department that Cleo Inc, located at4025 ViscoWlt Avenue in Memphis, Shelby CoWlty, Tennessee, is requesting the termination oftheir current TitleVAir Operating Permit (Source #0153) effective attheend of2011. Although there wasno production after J\Dle30111,the Semi-Annual report for J\Dle through December is attached asperthe Permit conditions. Ifyou have any questions, comments or require any additional information, please callmeat (570)-204-0902 orMike Tooley ofETCA at(901) 484-0808. **S~rel_r, ~7fJ~~** Cleo Inc Vice President of Manufacturing CLEO. INC.•4025 VISCOUNT • MEMPHIS, TENNESSEE 38118 P.O. BOX 18520 • MEMPHIS. TENNESSEE 38181 •800 BUY-CLEO (800-289-2536) •FAX (901) 366-7870TN#- 00153 -6194 Source#: 00153 Date: 115/2012 1/ANTV CLEO INC. Type of Document I Report: SEMI-ANNUALJAN THRU DEC 2011 Date on Doc: 114/2012 *Confidential Material Form Attached: ___ APPROVED AS CONFIDENTIAL YES _NO __ AIRS UPDATE:--------- I Date Reviewed: 4- Yf-2_qI2.... Reviewed By: COMPLIANCE STATUS G NO PENDING N/A MEMO: ____ C.HECK IF RETURN TO PERMITTER FOR FILE ____ DATE RETURNED TO DEBORAH TYPE OF NOTICE *1 NOI NOV OTHER ]CLEO, INC• SEMI-ANNUAL EMISSION MONITORING REPORT JANUARY • JUNE 2011 PERMIT SOURCE OPERATING INK voc VOC voc

0153- HOURS USAGE 10% EMISSIONS TONS PER LBS LBS LBS/HR 6MONTHS EU-2 TIE1JAN 0 0 0.0 #DIV/0! FEB 0 0 0.0 #DIV/0! MAR 0 0 0.0 #DIV/0! APR 0 0 0.0 #OIV/0! MAY 0 0 0.0 #DIV/01 JUN 0 0 0.0 #DIV/0! TOTAL 0 0 0.0 #DIV/0! 0.00 EU-2 T/E2JAN 0 0 0.0 #OIV/0! FEB 0 0 0.0 #OIV/01 MAR 0 0 0.0 #OIV/0! APR 0 0 0.0 #DIV/01 MAY 0 0 0.0 #OIV/0! JUN 0 0 0.0 #DIV/0! TOTAL 0 0 0.0 #OIV/0! 0.00 EU-3 PRESS 1 JAN 0 0 0.0 #OIV/0! FEB 0 0 0.0 #ON/0! MAR 0 0 0.0 #DIV/0! APR 432 51,502 5,150.2 11.9 MAY 504 63,751 6,375.1 12.6 JUN 312 23,705 2,370.5 7.6 TOTAL 1,248 138,958 13,895.8 11.1 6.9 EU-3 PRESS2 JAN 0 0 0.0 #OIV/0! FEB 0 0 0.0 #DIV/0! MAR 0 0 0.0 #DIV/0! APR 432 62,467 6,246.7 14.5 MAY 504 71,977 7,197.7 14.3 JUN 408 33094 3,309.4 8.1 TOTAL 1,344 167,538 16,753.8 12.5 8.4 EU-3 PRESS 3 JAN 0 0 0.0 #DIV/01 FEB 0 0 0.0 #DIV/0! MAR 0 0 0.0 #DIV/0! APR 432 67.240 6,724.0 15.6 MAY 504 85,212 8,521.2 16.9 JUN 392 48,817 4,661.7 11.9 TOTAL 1,328 199,069 19,906.9 15.0 10.0

.PERMIT SOURCE OPERATING INK VOC voc voc 0153· HOURS USAGE 10% EMISSIONS TONS PER LBS LBS LBS/HR 6MONTHS EU-3 PRESS4 JAN 0 0 0.0 #OIV/0! FEB 0 0 0.0 #DIV/0! MAR 0 0 0.0 #DIV/0! APR 432 71,873 7,187.3 16.6 MAY 504 81,477 8,147.7 16.2 JUN 528 60,026 6,002.6 11.4 TOTAL 1,464 213,376 21,337.6 14.6 10.7 EU-3 PRESS 5 JAN 0 0 0.0 #DIV/0! FEB 0 0 0.0 #DIV/01 MAR 0 0 0.0 #OIV/0! APR 432 61,Q42 6,104.2 14.1 MAY 504 77,561 7,756.1 15.4 JUN 528 58,782 5,878.2 11.1 TOTAL 1,464 197,385 19,738.5 13.5 9.9 EU-3 PRESS6JAN 0 0 0.0 #DIV/0! FEB 0 0 0.0 #DIV/0! MAR 0 0 0.0 #DIV/01 APR 432 102,102 10,210.2 23.6 MAY 504 121,349 12,134.9 24.1 JUN 528 82,457 8,245.7 15.6 TOTAL 1,464 305,908 30,590.8 20.9 15.3 EU-3 PRESS7 JAN 0 0 0.0 #D!V/01 FEB 0 0 0.0 #DIV/0! MAR 0 0 0.0 #DIV/01 APR 432 107,073 10,707.3 24.8 MAY 504 115,979 11,597.9 23.0 JUN 528 95,053 9,505.3 18.0 TOTAL 1,464 318,105 31,810.5 21.7 15.9 EU-4 PRESS 8 (awaiting permit) JAN 0 0 0.0 #DIV/0! FEB 0 0 0.0 #DIV/0! MAR 0 0 0.0 #DIV/0! APR 432 78,448 7,844.8 18.2 MAY 504 92,944 9,294.4 18.4 JUN 528 69,464 6,946.4 13.2 / TOTAL 1,464 240,856 24,085.6 16.5 12.0 TOTAL 9,776 1,540,339 1!54,033.9 15.8 77$**~** /CLEO, INC• SEMI-ANNUAL EMISSION MONITORING REPORT JANUARY· JUNE 2011 VOC Annual Rolling Totals and Monthly Rolling Averages Emission Unit2 (Tinter/Embosser #1 and #2) Emission Unit3 (Printing Presses #1 through #7) Emission Unit4 (Printing Press #8) Emission Unit2 Emission Unit3 Emission Unit4 TONSVOC TONSVOC TONSVOC Per Year Per Month Per Year Per Month Per Year Per Month Jan-11 1.13 0.00 243.4 0.00 35.25 0.00 Feb-11 1.08 0.00 228.1 0.00 34.20 0.00 Mar-11 0.65 0.00 188.0 0.00 28.93 0.00 Apr-11 0.37 0.00 188.4 26.16 29.61 3.92 May-11 0.18 0.00 194.2 30.87 31.01 4.65 Jun-11 0.05 0.00 187.5 19.99 30.60 3.47 MONTHLY NATURAL GAS USAGECCF SCF MMSCF Jan-10 831 83,100 0.1 Feb-10 1,059 105,900 0.1 Mar-10 151 15,100 0.0 Apr-10 17,375 1,737,500 1.7 May-10 0 0 0.0 Jun-10 0 0 0.0

TOTAL 19,416 1,941,600 1.9CLEO, INC• SEMI-ANNUAL EMISSION MONITORING REPORT JANUARY ·JUNE 2011 PERMIT 0153 CLEO, INC. The volatile fraction ofthe ink,asitis applied tothe substrate, shall contain twenty- five percent (25%) by volume or lessof organic compounds and seventy- five percent (75%) by volume or more of water; orthe ink, less water content, as applied tothe substrate, shall contain sixty percent (60%) by volume or more non-volatile material. CLEO, INC. isin compliance with the Conditions ofthis Permit 0153.03P, 07P and 04PC. Based upon information and belief formed after reasonable Inquiry, the statements inthis document are true, accurate and complete.ll.- Lee Boy Date Vice Presiden of Manufacturing Cleo Inc.. CLEO, INC• SEMI-ANNUAL EMISSION MONITORING REPORT JULY· DECEMBER 2011 PERMIT SOURCE OPERATING INK voc VOC voc

0153- HOURS USAGE 10% EMISSIONS TONS PER LBS LBS LBS/HR 6MONTHS EU-2 T/E1JUL 0 0 0.0 #DIV/0! AUG 0 0 0.0 #DIV/0! SEPT 0 0 0.0 #DIV/0! OCT 0 0 0.0 #DIV/0! NOV 0 0 0.0 #DIV/0! DEC 0 0 0.0 #DIV/0! TOTAL 0 0 0.0 #DIV/0! 0.00 EU-2 TIE2JUL 0 0 0.0 #OIV/01 AUG 0 0 0.0 #DIV/0! SEPT 0 0 0.0 #DIV/0! OCT 0 0 0.0 #DIV/0! NOV 0 0 0.0 #DIV/0! DEC 0 0 0.0 #DIV/01 TOTAL 0 0 0.0 #DIV/01 0.00 EU-3 PRESS 1 • JUL 0 0 0.0 #DIV/0! AUG 0 0 0.0 #DIV/0! SEPT 0 0 0.0 #DIV/0! OCT 0 0 0.0 #DIV/0! NOV 0 0 0.0 #DIV/0! DEC 0 0 0.0 #DIV/01 TOTAL 0 0 0.0 #DIV/0! 0.0 EU-3 PRESS2 JUL 0 0 0.0 #DIV/0! AUG 0 0 0.0 #DIV/0! SEPT 0 0 0.0 #DIV/0! OCT 0 0 0.0 #DIV/0! NOV 0 0 0.0 #DIV/0! DEC 0 0 0.0 #DIV/0! TOTAL 0 0 0.0 #DIV/0! 0.0 EU-3 PRESS3JUL 0 0 0.0 #DIV/0! AUG 0 0 0.0 #DIV/0! SEPT 0 0 0.0 #DIV/0! OCT 0 0 0.0 #DIV/0! NOV 0 0 0.0 #DIV/0! DEC 0 0 0.0 #DIV/0! TOTAL 0 0 0.0 #DIV/0! 0.0PERMIT SOURCE OPERATING INK voc voc voc 0153- HOURS USAGE 10% EMISSIONS TONS PER LBS LBS LBS/HR 6MONTHS EU-3 PRESS 4 JUL 0 0 0.0 #DIV/0! AUG 0 0 0.0 #DIV/01 SEPT 0 0 0.0 #DIV/01 OCT 0 0 0.0 #DIV/0! NOV 0 0 0.0 #DIV/01 DEC 0 0 0.0 #DIV/0! TOTAL 0 0 0.0 #DIV/01 0.0 EU-3 PRESS 5 JUL 0 0 0.0 #DIV/01 AUG 0 0 0.0 #DIV/0! SEPT 0 0 0.0 #DIV/01 OCT 0 0 0.0 #DIV/0! NOV 0 0 0.0 #DIV/01 DEC ..96···,1;;· 0 0.0 0.0 TOTAL ...00 0 0.0 0.0 0.0 EU-3 PRESS 6 JUL 0 0 0.0 #DIV/0! AUG 0 0 0.0 #DIV/01 SEPT 0 0 0.0 "#DIV/01 OCT 0 0 0.0 #DIV/0! NOV 0 0 0.0 #DIV/0! DEC 0 0 0.0 #DIV/01 TOTAL 0 0 0.0 #DIV/0! 0.0 EU-3 PRESS7 JUL 0 0 0.0 #DIV/0! AUG 0 0 0.0 #DIV/01 SEPT 0 0 0.0 #DIV/01 OCT 0 0 0.0 #DIV/0! NOV 0 0 0.0 #DIV/01 DEC 0 0 0.0 #DIV/0! TOTAL 0 0 0.0 #DIV/01 0.0 EU-4 PRESS 8(new press) JUL 0 0 0.0 #DIV/0! AUG 0 0 0.0 #DIV/0! SEPT 0 0 0.0 #DIV/0! OCT 0 0 0.0 #DIV/01 NOV 0 0 0.0 #DIV/01 DEC 0 0 0.0 #DIV/0! TOTAL 0 0 0.0 #DIV/0! 0.0 TOTAL 96 0 0.0 0.0 0.0CLEO, INC• SEMI-ANNUAL EMISSION MONITORING REPORT JULY· DECEMBER 2011 VOC Annual Rolling Totals and Monthly Rolling Averages Emission Unit2 (Tinter/Embosser #1 and #2) Emission Unit3 (Printing Presses #1 through #7) Emission Unit4 (Printing Press #8) Emission Unit2 Emission Unit3 Emission Unit4 TONSVOC TONSVOC TONSVOC Per Year Per Month Per Year Per Month Per Year Per Month Jul-11 0.00 0.00 0.0 0.00 0.00 0.00 Aug-11 0.00 0.00 0.0 0.00 0.00 0.00 Sep-11 0.00 0.00 0.0 0.00 0.00 0.00 Oct-11 0.00 0.00 0.0 0.00 0.00 0.00 Nov-11 0.00 0.00 0.0 0.00 0.00 0.00 Dec-11 0.00 0.00 0.0 0.00 0.00 0.00 MONTHLY NATURAL GAS USAGECCF SCF MMSCF Jul-11 0 0 0.0 AU!l·11 0 0 0.0 Sep-11 0 0 0.0 Oct-11 0 0 0.0 Nov-11 0 0 0.0 Dec-11 0 0 0.0

TOTAL 0 0 0.0CLEO, INC- SEMI-ANNUAL EMISSION MONITORING REPORT JULY- DECEMBER 2011 PERMIT 0153 CLEO, INC. The volatile fraction ofthe Ink,asitIs applied tothe substrate, shall contain twenty- five percent {25%) by volume or lessof organic compounds and seventy- five percent {75%) by volume or more of water; orthe ink, less water content, as applied tothe substrate, shall contain sixty percent {60%) by volume or more non-volatile material. CLEO, INC. isin compliance with the Conditions ofthis**Perm~** 0153-03P, 07P and 04PC. Based upon information and belief formed after reasonable inquiry,

the statements inthis document are true, accurate and complete.**~It** must be noted thata40" Rotogravure press {P-8) was added lastfall anda subsequent constuction permit application was filed October 23, 2009. Emissions from this pres are included in EU-3. Lee Boy Vice President f Manufacturing Cleo, Inc. Date