Ex

| · | Unless otherwise specified below, this Amendment is effective the date hereof. All capitalized terms used in this letter without definition have the meaning given to them in the Agreement. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Exhibit B (Manufacturing Specifications) is replaced with revised Exhibit B attached to this letter. |
|--------|------------------------------------------------------------------------------------------------------|

| · | Article 1.01 of the Agreement (Exhibits) is amended to add the Paper Purchasing Agreement attached to this letter as Exhibit G-1 (Paper Purchasing Agreement). |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Article 2.01 of the Agreement (Term and Termination) is amended by replacing the reference to December 31, 2012 with a reference to December 31, 2015. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| · | Article 4.01 of the Agreement (Work) is amended to add the following as a new paragraph: |
|--------|------------------------------------------------------------------------------------------|

| · | Effective with the February 2009 issue of the Magazine , all references in the Agreement to the preparatory and manufacturing prices in Exhibit C (Pricing Specifications) and the paper requirements in Exhibit D (Paper Requirements) shall be amended to refer to the preparatory and manufacturing prices, and the paper requirements attached hereto (the "Revised Pricing"); such Revised Pricing will be subject toadjustment as provided in the Agreement. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Article 8 of the Agreement (Paper and Ink) is amended to add the following as a new sub-section: |
|--------|--------------------------------------------------------------------------------------------------|

| · | Printer waives its entitlement to and foregoes the August 15, 2008 price adjustment provided for in Section 10.04 of the Agreement (Prices and Terms) to reflect changes to Printer's cost of ink. For avoidance of doubt, the August 15, 2008 adjustment to uv coating and polywrap pricing, effective for Publisher as of November 1, 2008, shall remain in effect. Ink and other prices for materials will be adjustedto reflect changes to Printer's cost of materials, as more particularly defined in Section 10.04. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Printer waives its entitlement to and foregoes the February 1, 2009 price adjustment provided for in Section 10.05 of the Agreement (Prices and Terms) to reflect changes to Quad/Graphics' cost of labor. On February 1, 2011 and February 1, 2013, the prices then in effect will be adjusted to reflect changes to Printer's cost of labor, as more particularly defined in Section 10.05. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Publisher and Printer each acknowledge and affirm that the Agreement, as hereby amended, is ratified and confirmed in all respects and all terms and provisions of the Agreement, as amended by this Fourth Amendment, will remain in full force and effect. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Sincerely,                           | Accepted and agreed this 7th day of April, 2009. |
|--------------------------------------|--------------------------------------------------|
| QUAD/GRAPHICS, INC.                  |                                             |
|                                 | PLAYBOY ENTERPRISES, INC.                        |
|                                 |                                             |
| Jeffrey A. Duening                   |                                             |   |
| Vice President Sales – Midwest | By:                                              | /s/ Howard Shapiro |
|                                 |                                             |   |
| /s/ Jeffrey A. Duening               | Name:                                            | Howard Shapiro |
|                                 | Title:                                           | Executive Vice President |
|                                 |                                             |   |

----

----

|         |          |
|--------------|---------------|
|         |          |
| Playboy      |          |
| Trim Size:   | 8" x 10.75"   |
| Frequency:   | 11x/year      |
| Ave. Qty:    | 2,900,000     |
| Ave. Pgs:    | 150 + 4       |
| Finish Type: | Perfect bound |

----

----

| Preparatory estimate for:Playboy Enterprises, Inc680 N Lake Shore DrChicago, IL 60611-4402 | Wisconsin Sales OfficeN63 W23075 Hwy 74Sussex, WI53089-2827tel 414-566-2926fax 414-566-4650November 24, 2008 |
|--------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------|
|   |                          |   |   |
|--------|-------------------------------|--------|--------|
|   | ADVERTISING MATERIALS         |   |   |
|   |                          |   |   |
|   | FURNISHED ADS                 |   |   |
| (247)  | CT/LW, Tiff/It, PDF, PS       | $      | *****  |
| (255)  | Quark, Photoshop, Illustrator | $      | *****  |
| (031)  | Ad inspection                 | $      | *****  |
|   | PICK UP ADS                |   |   |
|--------|----------------------------|--------|--------|
| (433)  | Pick up B&W ad         | $      | *****  |
| (178)  | Pick up 2/C, 3/C or 4/C ad | $      | *****  |
|   | PROOFING              |   |   |
|--------|-----------------------|--------|--------|
| (065)  | Position proof        | $      | *****  |
| (215)  | Kodak Approval proof  | $      | *****  |
| (215)  | Continuous Tone proof | $      | *****  |
|   | EDITORIAL PAGES                               |   |   |
|--------|-----------------------------------------------|--------|--------|
|   |                                          |   |   |
| (081)  | COVERS, PLAYBILL (Includes all Prep)     | $      | *****  |
|   |                                          |   |   |
|   | DESKTOP PAGE PROCESSING PDFs:                 |   |   |
| (132)  | Process multiple colors (2C, 3C, 4C page PDF) | $      | *****  |
| (133)  | Process single color (PDF)                    | $      | *****  |
| (100)  | Process 5C page (PDF)                         | $      | *****  |
| (186)  | Process 6C page (PDF)                         | $      | *****  |
| (075)  | Process 7C page (PDF)                         | $      | *****  |
|   | INDESIGN APPLICATION FILES:                                          |   |   |
|--------|----------------------------------------------------------------------|--------|--------|
| (132)  | Process multiple colors (2C, 3C, 4C page; InDesign Application file) | $      | *****  |
| (133)  | Process single color (InDesign Application file)                     | $      | *****  |
| (100)  | Process 5C page (InDesign Application file)                          | $      | *****  |
| (186)  | Process 6C page (InDesign Application file)                          | $      | *****  |
| (411)  | Retrieve page                                                        | $      | *****  |
| (134)  | Pictorial page (for Gravure)                                         | $      | *****  |
| (494)  | Organization (per issue)                                             | $      | *****  |
|   | ELECTRONIC SYSTEM                                                                                                                                        |   |   |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
| (496)  | Electronic page assembly, color correction, swatch matching, retouching, special effects, rotation, extensive resizing, alteration of desktop page files | $      | *****  |
| (139)  | Convert for Internet                                                                                                                                     | $      | *****  |
|   | PROOFING              |   |   |
|--------|-----------------------|--------|--------|
| (065)  | Position proof        | $      | *****  |
| (215)  | Kodak Approval proof  | $      | *****  |
| (215)  | Continuous Tone proof | $      | *****  |
|   |                  |   |   |
|   |                  |   |   |
|   | Page 1                |

----

|                                  |         |                   | Account Nbr:    | 803        |
|---------------------------------------|--------------|------------------------|-----------------|------------|
|                                  |         | Price Sched Nbr:       | 0002322-08      |
|                                  |         |                   | Effective Date: |       |
|                                  |         | Pricing Last Modified: | cjones          |
|                                  |         |                   |            | 11/19/2008 |
|                                  |         |                   |            | cjones     |
|                                  |         | Paper Last Modified    | 11/19/2008      |
|                                  |         |                   |            |       |
| 2x4 PRESSWORK                         | UNITS        | PLATES                 | MAKE-READY      | PER/M      |
| 06 PG Gate Cover (8/8) AS 6'S 2-out   | 8            | 16                     | *****           | *****      |
| 06 PG Gate Cover (7/7) AS 6'S 2-out   | 7            | 14                     | *****           | *****      |
| 06 PG Gate Cover (6/6) AS 6'S 2-out   | 6            | 12                     | *****           | *****      |
| 06 PG Gate Cover (5/5) AS 6'S 2-out   | 5            | 10                     | *****           | *****      |
| 06 PG Gate Cover (4/4) AS 6'S 2-out   | 4            | 8                      | *****           | *****      |
| 04 PG Cover (8/8) AS 4'S - Flat 4-out | 8            | 16                     | *****           | *****      |
| 04 PG Cover (7/7) AS 4'S - Fiat 4-out | 7            | 14                     | *****           | *****      |
| 04 PG Cover (8/8) AS 4'S - Flat 4-out | 6            | 12                     | *****           | *****      |
| 04 PG Cover (5/5) AS 4'S - Flat 4-out | 5            | 10                     | *****           | *****      |
| 04 PG Cover (4/4) AS 4'S - Flat 4-out | 4            | 8                      | *****           | *****      |
| 32 PG Body (5/5+5/5) AS 8'S 1-out     | 10           | 20                     | *****           | *****      |
| 32 PG Body (5/5+5/5)AS 16'S 1-out     | 10           | 20                     | *****           | *****      |
| 32 PG Body (5/5+4/4) AS 8'S 1-out     | 9            | 18                     | *****           | *****      |
| 32 PG Body (5/5+4/4) AS 16'S 1-out    | 9            | 18                     | *****           | *****      |
| 32 PG Body (4/4+4/4) AS 8'S 1-out     | 8            | 16                     | *****           | *****      |
| 32 PG Body (4/4+4/4) AS 16'S 1-out    | 8            | 16                     | *****           | *****      |
| 32 PG Body (4/4+2/2) AS 8'S 1-out     | 6            | 12                     | *****           | *****      |
| 32 PG Body (4/4+2/2) AS 16'S 1-out    | 6            | 12                     | *****           | *****      |
| 32 PG Body (4/4+1/1) AS 8'S 1-out     | 5            | 10                     | *****           | *****      |
| 32 PG Body (4/4+1/1) AS 16'S 1-out    | 5            | 10                     | *****           | *****      |
| 32 PG Body (2/2+2/2) AS 8'S 1-out     | 4            | 8                      | *****           | *****      |
| 32 PG Body (2/2+2/2) AS 16'S 1-out    | 4            | 8                      | *****           | *****      |
| 32 PG Body (1/1+1/1) AS 8'S 1-out     | 2            | 4                      | *****           | *****      |
| 32 PG Body (1/1+1/1)AS 16'S 1-out     | 2            | 4                      | *****           | *****      |
| 16 PG Body (5/5+5/5) AS 8'S 2-out     | 10           | 20                     | *****           | *****      |
| 16 PG Body (5/5+5/5) AS 16'S 2-out    | 10           | 20                     | *****           | *****      |
| 16 PG Body (5/5+4/4) AS 8'S 2-out     | 9            | 18                     | *****           | *****      |
| 16 PG Body (5/5+4/4) AS 16'S 2-out    | 9            | 18                     | *****           | *****      |
| 16 PG Body (5/5) AS 8'S 1-out         | 5            | 10                     | *****           | *****      |
| 16 PG Body (4/4+4/4) AS 8'S 2-out     | 8            | 16                     | *****           | *****      |
| 16 PG Body (4/4+4/4) AS 16'S 2-out    | 8            | 16                     | *****           | *****      |
| 16 PG Body (4/4+2/2) AS 8'S 2-out     | 6            | 12                     | *****           | *****      |
| 16 PG Body (4/4+2/2) AS 16'S 2-out    | 6            | 12                     | *****           | *****      |
| 16 PG Body (4/4+1/1) AS 8'S 2-out     | 5            | 10                     | *****           | *****      |
| 16 PG Body (4/4+1/1) AS 16'S 2-out    | 5            | 10                     | *****           | *****      |
| 16 PG Body (4/4) AS 8'S 1-out         | 4            | 8                      | *****           | *****      |
| 16 PG Body (2/2+2/2) AS 8'S 2-out     | 4            | 8                      | *****           | *****      |
| 16 PG Body (2/2+2/2) AS 16'S 2-out    | 4            | 8                      | *****           | *****      |
| 16 PG Body (2/2) AS 8'S 1-out         | 2            | 4                      | *****           | *****      |
| 16 PG Body (1/1+1/1) AS 8'S 2-out     | 2            | 4                      | *****           | *****      |
| 16 PG Body (1/1+1/1) AS 16'S 2-out    | 2            | 4                      | *****           | *****      |
| 16 PG Body (1/1) AS 8'S 1-out         | 1            | 2                      | *****           | *****      |
| 12 PG Body (5/5+5/5) AS 12'S 2-out    | 10           | 20                     | *****           | *****      |
|                                  |         |                   |            |       |
|                                  |         |                   |            |       |
| Quad/Graphics, Inc.                   | Page 1 of 20 | Confidential           |

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |
|                                         |         |         |       |   |
|----------------------------------------------|--------------|--------------|------------|--------|
| 2x4 PRESSWORK - CONTINUED                    | UNITS        | PLATES       | MAKE-READY | PER/M  |
| 12 PG Body (5/5+4/4) AS 12'S 2-out           | 9            | 18           | *****      | *****  |
| 12 PG Body (4/4+4/4) AS 12'S 2-out           | 8            | 16           | *****      | *****  |
| 12 PG Body (4/4+2/2) AS 12'S 2-out           | 6            | 12           | *****      | *****  |
| 12 PG Body (4/4+1/1) AS 12'S 2-out           | 5            | 10           | *****      | *****  |
| 12 PG Body (2/2+2/2) AS 12'S 2-out           | 4            | 8            | *****      | *****  |
| 12 PG Body (1/1+1/1) AS 12'S 2-out           | 2            | 4            | *****      | *****  |
| 08 PG Gate Body (5/5) AS 8'S 2-out           | 5            | 10           | *****      | *****  |
| 08 PG Gate Body (4/4) AS 8'S 2-out           | 4            | 8            | *****      | *****  |
| 08 PG Body (8/8) AS 8'S 2-out                | 8            | 16           | *****      | *****  |
| 08 PG Body (5/5+5/5) AS 8'S 4-out            | 10           | 20           | *****      | *****  |
| 08 PG Body (5/5+4/4) AS 8'S 4-out            | 9            | 18           | *****      | *****  |
| 08 PG Body (5/5) AS 8'S 2-out                | 5            | 10           | *****      | *****  |
| 08 PG Body (4/4+4/4) AS 8'S 4-out            | 8            | 16           | *****      | *****  |
| 08 PG Body (4/4+2/2) AS 8'S 4-out            | 6            | 12           | *****      | *****  |
| 08 PG Body (4/4+1/1) AS 8'S 4-out            | 5            | 10           | *****      | *****  |
| 08 PG Body (4/4) AS 8'S 2-out                | 4            | 8            | *****      | *****  |
| 08 PG Body (2/2+2/2) AS 8'S 4-out            | 4            | 8            | *****      | *****  |
| 08 PG Body (2/2) AS 8'S 2-out                | 2            | 4            | *****      | *****  |
| 08 PG Body (1/1+1/1) AS 8'S 4-out            | 2            | 4            | *****      | *****  |
| 08 PG Body (1/1) AS 8'S 2-out                | 1            | 2            | *****      | *****  |
| 06 PG Gate Body (5/5) AS 6'S 2-out           | 5            | 10           | *****      | *****  |
| 06 PG Gate Body (4/4) AS 6'S 2-out           | 4            | 8            | *****      | *****  |
| 06 PG Body (4/4+4/4) AS 6'S 4-out            | 8            | 16           | *****      | *****  |
| 04 PG Gate Body (5/5) AS 4'S 4-out           | 5            | 10           | *****      | *****  |
| 04 PG Gate Body (4/4) AS 4'S 4-out           | 4            | 8            | *****      | *****  |
| 04 PG Gate Body (2/2) AS 4'S 4-out           | 2            | 4            | *****      | *****  |
| 04 PG Gate Body (1/1) AS 4'S 4-out           | 1            | 2            | *****      | *****  |
| 04 PG Body (6/6) AS 4'S 4-out                | 6            | 12           | *****      | *****  |
| 04 PG Body (5/5) AS 4'S 4-out                | 5            | 10           | *****      | *****  |
| 04 PG Body (4/4) AS 4'S 4-out                | 4            | 8            | *****      | *****  |
| 04 PG Body (2/2) AS 4'S 4-out                | 2            | 4            | *****      | *****  |
| 04 PG Body (1/1) AS 4'S 4-out                | 1            | 2            | *****      | *****  |
| 02 PG Body (7/7) AS 2'S 8-out                | 7            | 14           | *****      | *****  |
| 02 PG Body (6/8) AS 2'S 8-out                | 6            | 12           | *****      | *****  |
| 02 PG Body (5/5) AS 2'S 8-out                | 5            | 10           | *****      | *****  |
| 02 PG Body (4/4) AS 2'S 8-out                | 4            | 8            | *****      | *****  |
| 02 PG Body (2/2) AS 2'S 8-out                | 2            | 4            | *****      | *****  |
| 02 PG Body (1/1) AS 2'S 8-out                | 1            | 2            | *****      | *****  |
| 2x4 PRESSWORK MISC. SERVICE                  |         |         | MAKE-READY | PER/M  |
| VERSION PLATE & MKR CHANGE per plate     |         |         | *****      | *****  |
| VERSION PLATE PRESS STOP per stop, per web   |         |         | *****      | *****  |
| REPLACEMENT PLATE & MKR CHANGE per plate |         | *****        | *****      |
| FLOOD UV COAT-4PG                            |         |         | *****      | *****  |
|                                         |         |         |       |   |
| Quad/Graphics, Inc.                          | Page 2 of 20 | Confidential |
|                                         |         |         |       |   |

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |
|   |   |                   |            |       |
| 2x4 PRESSWORK MISC. SERVICE                                                        | MAKE-READY | PER/M |
|------------------------------------------------------------------------------------|------------|-------|
| FLOOD UV COAT - 6PG                                                                | *****      | ***** |
| EDGESLITTING (1 WEB)                                                               | *****      | ***** |
| EDGESLITTING (2ND WEB)                                                             | *****      | ***** |
| RUB-OFF                                                                            | *****      | ***** |
| VERTICAL PERFING                                                                   | *****      | ***** |
| CREDIT FOR PLATE NOT USED per plate                                                | *****      | ***** |
| HOLDING TIME per hour                                                              | *****      | ***** |
| Additional costs to produce 2 page ad inserts (regionals): *****                   |       |
| Replacement Plates billed as required. Plates guaranteed for 1,500,000 Impressions |

| 2x6 PRESSWORK                                | UNITS | PLATES | MAKE-READY | PER/M |
|----------------------------------------------|-------|--------|------------|-------|
| 48 PG Body (4/4+4/4) AS 24'S 1-out           | 8     | 16     | *****      | ***** |
| 48 PG Body (4/4+4/4) AS 16'S & 8'S 1-out | 8     | 16     | *****      | ***** |
| 48 PG Body (4/4+4/4) AS 12'S 1-out           | 8     | 16     | *****      | ***** |
| 24 PG Body (4/4+4/4) AS 8'S 2-out            | 8     | 16     | *****      | ***** |
| 24 PG Body (4/4+4/4) AS 24'S 2-out           | 8     | 16     | *****      | ***** |
| 24 PG Body (4/4+4/4) AS 16'S & 8'S 2-out | 8     | 16     | *****      | ***** |
| 24 PG Body (4/4+4/4) AS 12's 2-out           | 8     | 16     | *****      | ***** |
| 16 PG Body (4/4+4/4) AS 8'S 3-out            | 8     | 16     | *****      | ***** |
| 12 PG Body (4/4+4/4) AS 12'S 4-out           | 8     | 16     | *****      | ***** |
| 08 PG Body (4/4+4/4) AS 8'S 6-out            | 8     | 16     | *****      | ***** |

| 2x6 PRESSWORK MISC. SERVICE                  | MAKE-READY | PER/M |
|----------------------------------------------|------------|-------|
| VERSION PLATE & MKR CHANGE per plate     | *****      | ***** |
| VERSION PLATE PRESS STOP per stop, per web   | *****      | ***** |
| REPLACEMENT PLATE & MKR CHANGE per plate | *****      | ***** |
| HOLDING TIME per hour                        | *****      | ***** |

| GRAVURE PRESSWORK - JAW   | UNITS        | CYLINDERS    | MAKE-READY | PER/M  |
|--------------------------------|--------------|--------------|------------|--------|
| 96 PG Body (5/5) AS 32'S 1-out | 10           | 10           | *****      | *****  |
| 96 PG Body (5/5) AS 16'S 1-out | 10           | 10           | *****      | *****  |
| 96 PG Body (4/4) AS 32'S 1-out | 8            | 8            | *****      | *****  |
| 96 PG Body (4/4) AS 16'S 1-out | 8            | 8            | *****      | *****  |
| 84 PG Body (5/5) AS 28'S 1-out | 10           | 10           | *****      | *****  |
| 84 PG Body (4/4) AS 28'S 1-out | 8            | 8            | *****      | *****  |
| 72 PG Body (5/5) AS 24'S 1-out | 10           | 10           | *****      | *****  |
| 72 PG Body (5/5) AS 12'S 1-out | 10           | 10           | *****      | *****  |
| 72 PG Body (4/4) AS 24'S 1-out | 8            | 8            | *****      | *****  |
| 72 PG Body (4/4) AS 12'S 1-out | 8            | 8            | *****      | *****  |
| 64 PG Body (5/5) AS 32'S 1-out | 10           | 10           | *****      | *****  |
| 64 PG Body (4/4) AS 32'S 1-out | 8            | 8            | *****      | *****  |
| 60 PG Body (5/5) AS 20'S 1-out | 10           | 10           | *****      | *****  |
| 60 PG Body (4/4) AS 20'S 1-out | 8            | 8            | *****      | *****  |
|                           |         |         |       |   |
| Quad/Graphics, Inc.            | Page 3 of 20 | Confidential |

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |
|   |   |                   |            |       |
| GRAVURE PRESSWORK - JAW        | UNITS | CYLINDERS | MAKE-READY | PER/M |
|--------------------------------|-------|-----------|------------|-------|
| 56 PG Body (5/5) AS 28'S 1-out | 10    | 10        | *****      | ***** |
| 56 PG Body (4/4) AS 28'S 1-out | 8     | 8         | *****      | ***** |
| 48 PG Body (5/5) AS 24'S 1-out | 10    | 10        | *****      | ***** |
| 48 PG Body (5/5) AS 16'S 2-out | 10    | 10        | *****      | ***** |
| 48 PG Body (4/4) AS 24'S 1-out | 8     | 8         | *****      | ***** |
| 48 PG Body (4/4) AS 16'S 2-out | 8     | 8         | *****      | ***** |
| 40 PG Body (5/5) AS 20'S 1-out | 10    | 10        | *****      | ***** |
| 40 PG Body (4/4) AS 20'S 1-out | 8     | 8         | *****      | ***** |
| 36 PG Body (5/5) AS 36'S 2-out | 10    | 10        | *****      | ***** |
| 36 PG Body (4/4) AS 36'S 2-out | 8     | 8         | *****      | ***** |
| 32 PG Body (5/5) AS 32'S 2-out | 10    | 10        | *****      | ***** |
| 32 PG Body (4/4) AS 32'S 2-out | 8     | 8         | *****      | ***** |
| 28 PG Body (5/5) AS 28'S 2-out | 10    | 10        | *****      | ***** |
| 28 PG Body (4/4) AS 28'S 2-out | 8     | 8         | *****      | ***** |
| 24 PG Body (5/5) AS 24'S 2-out | 10    | 10        | *****      | ***** |
| 24 PG Body (4/4) AS 24'S 2-out | 8     | 8         | *****      | ***** |
| 20 PG Body (5/5) AS 20'S 2-out | 10    | 10        | *****      | ***** |
| 20 PG Body (4/4) AS 20'S 2-out | 8     | 8         | *****      | ***** |
| 16 PG Body (5/5) AS 16'S 4-out | 10    | 10        | *****      | ***** |
| 16 PG Body (4/4) AS 16'S 4-out | 8     | 8         | *****      | ***** |
| 12 PG Body (5/5) AS 12'S 4-out | 10    | 10        | *****      | ***** |
| 12 PG Body (4/4) AS 12'S 4-out | 8     | 8         | *****      | ***** |
| GRAVURE PRESSWORK MISC. SERVICE - JAW                  |         | MAKE-READY   | PER/M  |
|--------------------------------------------------------|--------------|--------------|--------|
| VERSION CYLINDER & MKR CHANGE per cylinder         |         | *****        | *****  |
| HOLDING TIME per hour                                  |         |         | *****  | ***** |
| CYLINDER STORAGE, UP TO 1 MNTH per cylinder, per month | *****        | *****        |
| CYLINDER STORAGE, ADD'L MONTHS per cylinder, per month | *****        | *****        |
| 4-AROUND CYLINDER COST per cylinder                    |         |         | *****  | ***** |
| 6-AROUND CYLINDER COST per cylinder                    |         |         | *****  | ***** |
| ADDITIONAL PROOFS per side                             |         |         | *****  | ***** |
|                                                   |         |         |   |   |
| INK PRICES, PER PAGETrim Size: 8 X 10 3/4              |         |         |   | PER/M |
| 1/COLOR BLACK, MEDIUM (COVER)                          |         |         |   | ***** |
| 2/COLOR BLACK/PMS, MEDIUM (COVER)                      |         |         |   | ***** |
| 2/COLOR BLACK/PROCESS, MEDIUM (COVER)                  |         |         | *****  |
| 3/COLOR BLACK/PROCESS, MEDIUM (COVER)                  |         |         | *****  |
| 4/COLOR PROCESS, MEDIUM (COVER)                        |         |         |   | ***** |
| 5/COLOR WITH PMS, MEDIUM (COVER)                       |         |         |   | ***** |
| 6/COLOR WITH PMS, MEDIUM (COVER)                       |         |         |   | ***** |
| 7/COLOR WITH PMS, MEDIUM (COVER)                       |         |         |   | ***** |
|                                                   |         |         |   |   |
| Quad/Graphics, Inc.                                    | Page 4 of 20 | Confidential |
|                                                   |         |         |

----

|                                                                                                                                                                   |         |                   | Account Nbr:    | 803        |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|------------------------|-----------------|------------|
|                                                                                                                                                                   |         | Price Sched Nbr:       | 0002322-08      |
|                                                                                                                                                                   |         |                   | Effective Date: |       |
|                                                                                                                                                                   |         | Pricing Last Modified: | cjones          |
|                                                                                                                                                                   |         |                   |            | 11/19/2008 |
|                                                                                                                                                                   |         |                   |            | cjones     |
|                                                                                                                                                                   |         | Paper Last Modified    | 11/19/2008      |
|                                                                                                                                                                   |         |                   |            |       |
| INK PRICES, PER PAGETrim Size: 8 X 10 3/4                                                                                                                              |         |                   |            | PER/M      |
| 8/COLOR WITH PMS, MEDIUM (COVER)                                                                                                                                       |         |                   |            | *****      |
| METALLIC, MEDIUM (COVER)                                                                                                                                               |         |                   |            | *****      |
| VARNISH (COVER)                                                                                                                                                        |         |                   |            | *****      |
| 1/COLOR BLACK, MEDIUM (BODY)                                                                                                                                           |         |                   |            | *****      |
| 1/COLOR BLACK, MEDIUM (GRAVURE)                                                                                                                                        |         |                   |            | *****      |
| 2/COLOR BLACK/PROCESS, MEDIUM (BODY)                                                                                                                                   |         |                   |            | *****      |
| 2/COLOR BLACK/PROCESS, MEDIUM (GRAVURE)                                                                                                                                |         | *****                  |
| 3/COLOR BLACK/PROCESS, MEDIUM (BODY)                                                                                                                                   |         | *****                  |
| 3/COLOR BLACK/PROCESS, MEDIUM (GRAVURE)                                                                                                                                |         | *****                  |
| 4/COLOR PROCESS, MEDIUM (BODY)                                                                                                                                         |         | *****                  |
| 4/COLOR PROCESS, MEDIUM (GRAVURE)                                                                                                                                      |         | *****                  |
| 5/COLOR WITH PMS, MEDIUM (BODY)                                                                                                                                        |         | *****                  |
| 6/COLOR WITH PMS, MEDIUM (BODY)                                                                                                                                        |         | *****                  |
| 7/COLOR WITH PMS, MEDIUM (BODY)                                                                                                                                        |         | *****                  |
| 8/COLOR WITH PMS, MEDIUM (BODY)                                                                                                                                        |         | *****                  |
| METALLIC. MEDIUM (BODY)                                                                                                                                                |         | *****                  |
| VARNISH (BODY)                                                                                                                                                         |         | *****                  |
| PMS Ink (Gravure) will be invoiced at *****Flourescent inks (gravure & offset) will be invoiced at *****All Ink and UV rates reflect increase effective 11-1-2008. |
| PERFECT BINDER                                                                                                                                                         | MAKE-READY   | PER/M                  |
| 12 Pocket                                                                                                                                                              | *****        | *****                  |
| 13 Pocket                                                                                                                                                              | *****        | *****                  |
| 14 Pocket                                                                                                                                                              | *****        | *****                  |
| 15 Pocket                                                                                                                                                              | *****        | *****                  |
| 16 Pocket                                                                                                                                                              | *****        | *****                  |
| 17 Pocket                                                                                                                                                              | *****        | *****                  |
| 18 Pocket                                                                                                                                                              | *****        | *****                  |
| 19 Pocket                                                                                                                                                              | *****        | *****                  |
| 20 Pocket                                                                                                                                                              | *****        | *****                  |
| 21 Pocket                                                                                                                                                              | *****        | *****                  |
| 22 Pocket                                                                                                                                                              | *****        | *****                  |
| 23 Pocket                                                                                                                                                              | *****        | *****                  |
| 24 Pocket                                                                                                                                                              | *****        | *****                  |
| 25 Pocket                                                                                                                                                              | *****        | *****                  |
| 26 Pocket                                                                                                                                                              | *****        | *****                  |
| 27 Pocket                                                                                                                                                              | *****        | *****                  |
| 28 Pocket                                                                                                                                                              | *****        | *****                  |
|                                                                                                                                                                   |         |                   |
| Quad/Graphics                                                                                                                                                          | Page 5 of 20 | Confidential           |

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |

| PERFECT BINDER - continued | MAKE-READY | PER/M |
|----------------------------|------------|-------|
| 29 Pocket                  | *****      | ***** |
| 30 Pocket                  | *****      | ***** |
| 31 Pocket                  | *****      | ***** |
| 32 Pocket                  | *****      | ***** |
| 33 Pocket                  | *****      | ***** |
| 34 Pocket                  | *****      | ***** |
| 35 Pocket                  | *****      | ***** |
| 36 Pocket                  | *****      | ***** |
| 37 Pocket                  | *****      | ***** |
| 38 Pocket                  | *****      | ***** |
| 39 Pocket                  | *****      | ***** |
| 40 Pocket                  | *****      | ***** |
| 41 Pocket                  | *****      | ***** |
| 42 Pocket                  | *****      | ***** |
| 43 Pocket                  | *****      | ***** |
| 44 Pocket                  | *****      | ***** |

| PERFECT BIND FINISHING SERVICE | MAKE-READY  | PER/M       |
|--------------------------------|-------------|-------------|
| POCKET CHANGE per pocket       | *****       | *****       |
| DEMO BINDING (COMMON)          | *****       | *****       |
| DEMO COVER - 2 DECKS           | *****       | *****       |
| DEMO COVER - 3 DECKS           | *****       | *****       |
| DEMO COVER - 4 DECKS           | *****       | *****       |
| LABEL AIRE (<= 2")          | *****       | *****       |
| REVERSE DISK FEED PKT          | *****       | *****       |
| HOLDING TIME per hour          | *****       | *****       |
| HANDWORK per hour              | *****       | *****       |
| BINDER STOP per each           |  ***** |  ***** |

| Minimum quantity per bind run is 5,000 copies.Quoted slowdowns apply to run rates of all active operations on the finishing line.Standard Blow-in Cards refer to 4" x 6" on 7 pt. stock.Premiums may apply when placing 2 - 8 page sigs first or last down on the binder.Each Back to Bind requires an additional 2,000 spoilage copies to re-makeready the binder.Bind-In/Blow-Ins Invoiced as a pocket |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| POLYWRAP                     | MAKE-READY | PER/M  |
|------------------------------|------------|--------|
| POLYWRAP BASE BOOK           | *****      | *****  |
| SITMA POCKET CHANGE per each | *****      | *****  |
| POLYWRAP ONSERT              | *****      | *****  |
| LABEL AIRE (<= 2")        | *****      | *****  |
| PICK-N-PLACE POCKET          | *****      | *****  |
| DEMOGRAPHIC ONSERTING        | *****      | *****  |
|                         |       |   |
| Quad/Graphics, Inc. | Page 6 of 20 | Confidential |
|---------------------|-------------------|--------------|

----

|                                                                                                                                                                                                                                                                                                                                                              |   |                   | Account Nbr:    | 803        |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|-----------------|------------|
|                                                                                                                                                                                                                                                                                                                                                              |   | Price Sched Nbr:       | 0002322-08      |
|                                                                                                                                                                                                                                                                                                                                                              |   |                   | Effective Date: |       |
|                                                                                                                                                                                                                                                                                                                                                              |   | Pricing Last Modified: | cjones          |
|                                                                                                                                                                                                                                                                                                                                                              |   |                   |            | 11/19/2008 |
|                                                                                                                                                                                                                                                                                                                                                              |   |                   |            | cjones     |
|                                                                                                                                                                                                                                                                                                                                                              |   | Paper Last Modified    | 11/19/2008      |
| WRAPPING                                                                                                                                                                                                                                                                                                                                                          |   | MAKE-READY             | PER/M           |
| MAIL W/PRE-ADDRSSD CMPNT                                                                                                                                                                                                                                                                                                                                          |   | *****                  | *****           |
| Polywrapping pricing above is for offline polywrapping only.Additional colors and versions on poly film invoiced at *****.  "Pick-n-Place" pricing includes slowdown on poly wrapper."Mail with Pre-addressed" charge includes slowdown cost on poly wrapper.In-line polywrap and mailing with black sitma plastic . . . Rates include 5-1-08 Increase. |
| 12 pockets @ ***** . . . 13 pockets @ ***** . . . 14 pockets @ ***** . . . 15 pockets @ *****                                                                                                                                                                                                                                                                     |
| 16 pockets @ ***** . . . 17 pockets @ ***** . . . 18 pockets @ ***** . . . 19 pockets @ *****                                                                                                                                                                                                                                                                     |
| 20 pockets @ ***** . . . 21 pockets @ ***** . . . 22 pockets @ ***** . . . 23 pockets @ *****                                                                                                                                                                                                                                                                     |
| 24 pockets @ ***** . . . 25 pockets @ ***** . . . 26 pockets @ ***** . . . 27 pockets @ *****                                                                                                                                                                                                                                                                     |
| 28 pockets @ ***** . . . 29 pockets @ ***** . . . 30 pockets @ ***** . . . 31 pockets @ *****                                                                                                                                                                                                                                                                     |
| 32 pockets @ ***** . . . 33 pockets @ ***** . . . 34 pockets @ ***** . . . 35 pockets @ *****                                                                                                                                                                                                                                                                     |
| 36 pockets @ ***** . . . 37 pockets @ ***** . . . 38 pockets @ ***** . . . 39 pockets @ *****                                                                                                                                                                                                                                                                     |
| 40 pockets @ ***** . . . 41 pockets @ ***** . . . 42 pockets @ ***** . . . 43 pockets @ *****                                                                                                                                                                                                                                                                     |
| 44 pockets @ *****                                                                                                                                                                                                                                                                                                                                                |
| OFFLINE                                                                                                                                                           |         | MAKE-READY   | PER/M |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------------|-------|
| HAND INSERT INTO FURNISHED ENV                                                                                                                                    | *****        | *****        |
| HAND INSERT INTO QUAD SUPP ENV                                                                                                                                    | *****        | *****        |
| HANDWORK per hour                                                                                                                                                 | *****        | *****        |
| FLAT CUTTING                                                                                                                                                      | *****        | *****        |
| TEAR SHEETS per hour                                                                                                                                              | *****        | *****        |
| Offline processes for less than 5,000 pieces will be invoiced on a per piece basis without regard to published rates on this price schedule.                      |
| MAILING                                                                                                                                                           | MAKE-READY   | PER/M        |
| INKJET (1 STD POS-80 DPI)                                                                                                                                         | *****        | *****        |
| PORT. 80 DPI 1-5 UNITS                                                                                                                                            | *****        | *****        |
| CODE/MESS 120DPI 2"                                                                                                                                               | *****        | *****        |
| CODE ONLY INKJET 80 DPI                                                                                                                                           | *****        | *****        |
| MAILING LIST CHANGE per each                                                                                                                                      | *****        | *****        |
| OFFLINE PAPER LABEL                                                                                                                                               | *****        | *****        |
| lnkjetting pricing is for inline on Binder/polywrapper.Portable unit pricing is for inkjetting "out of pocket" and is an upcharge to the standard unit cost.***** |
| NEWSSTAND                                                                                                                                                         | MAKE-READY   | PER/M        |
| DISTRIBUTION COMMON BUNDLES                                                                                                                                       | *****        | *****        |
| DISTRIBUTION LABEL PREP                                                                                                                                           | *****        | *****        |
| ONSERT NEWSSTAND LETTER per each                                                                                                                                  | *****        | *****        |
| STORAGE & HANDLING                                                                                                                                            | EACH         | PER/M        |
| HANDLE FURNISHED SKIDS per skid                                                                                                                                   | *****        | *****        |
| PACKING                                                                                                                                                           |         | EACH         |
| STD CARTONS (30#) per carton                                                                                                                                      |         | *****        |
| SKIDS WITH WRAP (2000#) per skid                                                                                                                                  |         | *****        |
| SKIDS WITH SLEEVES (2000#) per skid                                                                                                                               |         | *****        |
| SKIDS (CARTONS ON SKIDS) per skid                                                                                                                                 |         | *****        |
| Bulk Carton packing pricing includes attaching shipping label.                                                                                                    |         |         |
|                                                                                                                                                              |         |         |
| Quad/Graphics, Inc.                                                                                                                                               | Page 7 of 20 | Confidential |

----

|                                  |   |                   | Account Nbr:    | 803        |
|---------------------------------------|--------|------------------------|-----------------|------------|
|                                  |   | Price Sched Nbr:       | 0002322-08      |
|                                  |   |                   | Effective Date: |       |
|                                  |   | Pricing Last Modified: | cjones          |
|                                  |   |                   |            | 11/19/2008 |
|                                  |   |                   |            | cjones     |
|                                  |   | Paper Last Modified    | 11/19/2008      |
| PAPER HANDLING                        |   |                   |            | EACH       |
| CUST PAPER INV/ACCTG/HANDLING per cwt |   |                   |            | *****      |
|                                  |   |                   |
| Quad/Graphics, Inc. | Page 8 of 20 | Confidential |
|---------------------|--------------|--------------|

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |
| PAPER REQUIREMENTSTrim Size: 8 X 10 3/4 | BASISWEIGHT | ROLLSIZE | PRESSCUTOFF | MAKE-READY | RATEPER/M |
|-----------------------------------------|-------------|----------|-------------|------------|-----------|
| Cover - 2x4 PRESSWORK                   |        |     |        |       |      |
| 06 PG Gate Cover (8/8) AS 6'S 2-out        | 80.00000 | 23.87500 | 22.75000 | ***** | ***** |
|--------------------------------------------|----------|----------|----------|-------|-------|
| 06 PG Gate Cover (7/7) AS 6'S 2-out        | 80.00000 | 23.87500 | 22.75000 | ***** | ***** |
| 06 PG Gate Cover (6/6) AS 6'S 2-out        | 80.00000 | 23.87500 | 22.75000 | ***** | ***** |
| 06 PG Gate Cover (5/5) AS 6'S 2-out        | 80.00000 | 23.87500 | 22.75000 | ***** | ***** |
| 06 PG Gate Cover (4/4) AS 6'S 2-out        | 80.00000 | 23.87500 | 22.75000 | ***** | ***** |
| VERSION PLATE PRESS STOP per stop, per web | 80.00000 | 23.87500 | 22.75000 | ***** | ***** |
| VERSION PLATE & MKR CHANGE per plate   | 80.00000 | 23.87500 | 22.75000 | ***** | ***** |
| Cover - 2x4 PRESSWORK |   |   |   |   |   |
|-----------------------|--------|--------|--------|--------|--------|
| 04 PG Cover (8/8) AS 4'S - Flat 4-out      | 100.0000 | 33.25000 | 22.75000 | ***** | ***** |
|--------------------------------------------|----------|----------|----------|-------|-------|
| 04 PG Cover (7/7) AS 4'S - Flat 4-out      | 100.0000 | 33.25000 | 22.75000 | ***** | ***** |
| 04 PG Cover (6/6) AS 4'S - Flat 4-out      | 100.0000 | 33.25000 | 22.75000 | ***** | ***** |
| 04 PG Cover (5/5) AS 4'S - Flat 4-out      | 100.0000 | 33.25000 | 22.75000 | ***** | ***** |
| 04 PG Cover (4/4) AS 4'S - Fiat 4-out      | 100.0000 | 33.25000 | 22.75000 | ***** | ***** |
| VERSION PLATE PRESS STOP per stop, per web | 100.0000 | 33.25000 | 22.75000 | ***** | ***** |
| VERSION PLATE & MKR CHANGE per plate   | 100.0000 | 33.25000 | 22.75000 | ***** | ***** |
| Body - 2x4 PRESSWORK |   |   |   |   |   |
|----------------------|--------|--------|--------|--------|--------|
| 32 PG Body (5/5+5/5) AS 16'S 1-out  | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
|-------------------------------------|--------------|--------------|----------|-------|-------|
| 32 PG Body (5/5+5/5) AS 8'S 1-out   | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 32 PG Body (5/5+4/4) AS 16'S 1-out  | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 32 PG Body (5/5+4/4) AS 8'S 1-out   | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 32 PG Body (4/4+4/4) AS 16'S 1-out  | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 32 PG Body (4/4+4/4) AS 8'S 1-out   | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 32 PG Body (4/4+2/2) AS 16'S 1-out  | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 32 PG Body (4/4+2/2) AS 8'S 1-out   | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 32 PG Body (4/4+1/1) AS 16'S 1-out  | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 32 PG Body (4/4+1/1) AS 8'S 1-out   | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 32 PG Body (2/2+2/2) AS 16'S 1-out  | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 32 PG Body (2/2+2/2) AS 8'S 1-out   | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 32 PG Body (1/1+1/1) AS 16'S 1-out  | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 32 PG Body (1/1+1/1) AS 8'S 1-out   | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (5/5+5/5) AS 16'S 2-out  | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (5/5+5/5) AS 8'S 2-out   | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (5/5+4/4) AS 16'S 2-out  | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (5/5+4/4) AS 8'S 2-out   | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (4/4+4/4) AS 16'S 2-out  | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (4/4+4/4) AS 8'S 2-out   | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (4/4+2/2) AS 16'S 2-out  | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (4/4+2/2) AS 8'S 2-out   | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (4/4+1/1) AS 16'S 2-out  | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (4/4+1/1) AS 8'S 2-out   | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (5/5) AS 8'S 1-out       | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (2/2+2/2) AS 16'S 2-out  | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (2/2+2/2) AS 8'S 2-out   | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (4/4) AS 8'S 1-out       | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (1/1 +1/1) AS 16'S 2-out | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (1/1+1/1) AS 8'S 2-out   | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (2/2) AS 8'S 1-out       | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
| 16 PG Body (1/l) AS 8'S 1-out       | 38.00000     | 33.00000     | 22.75000 | ***** | ***** |
|                                |         |         |
| Quad/Graphics, Inc.                 | Page 9 of 20 | Confidential |

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |
| PAPER REQUIREMENTSTrim Size: 8 X 10 3/4 | BASISWEIGHT | ROLLSIZE | PRESSCUTOFF | MAKE-READY | RATEPER/M |
|-----------------------------------------|-------------|----------|-------------|------------|-----------|
| Body - 2x4 PRESSWORK - continued         |          |         |     |     |   |
|------------------------------------------|---------------|--------------|----------|----------|--------|
| 12 PG Body (5/5+5/5) AS 12'S 2-out       | Web 1         | 38.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (5/5+5/5) AS 12'S 2-out       | Web 2         | 38.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (5/5+4/4) AS 12'S 2-out       | Web 1         | 38.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (5/5+4/4) AS 12'S 2-out       | Web 2         | 38.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+4/4) AS 12'S 2-out       | Web 1         | 38.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+4/4) AS 12'S 2-out       | Web 2         | 38.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+2/2) AS 12'S 2-out       | Web 1         | 38.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+2/2) AS 12'S 2-out       | Web 2         | 38.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+1/1) AS 12'S 2-out       | Web 1         | 38.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+1/1) AS 12'S 2-out       | Web 2         | 38.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (2/2+2/2) AS 12'S 2-out       | Web 1         | 38.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (2/2+2/2) AS 12'S 2-out       | Web 2         | 38.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (1/1+1/1) AS 12'S 2-out       | Web 1         | 38.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (1/1+1/1) AS 12'S 2-out       | Web 2         | 38.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 08 PG Body (5/5+5/5) AS 8'S 4-out        | 38.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (6/5+4/4) AS 8'S 4-out        | 38.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (4/4+4/4) AS 8'S 4-out        | 38.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (8/8) AS 8'S 2-out            | 38.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (4/4+2/2) AS 8'S 4-out        | 38.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (4/4+1/1) AS 8'S 4-out        | 38.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (5/5) AS 8'S 2-out            | 38.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (2/2+2/2) AS 8'S 4-out        | 38.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (4/4) AS 8'S 2-out            | 38.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (1/1+1/1) AS 8'S 4-out        | 38.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (2/2) AS 8'S 2-out            | 38.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (1/1) AS 8'S 2-out            | 38.00000      | 33.00000     | 22.75000 | *****    | *****  |
| VERSION PLATE & MKR CHANGE per plate | 38.00000      | 33.00000     | 22.75000 | *****    | *****  |
| VERSION PLATE & MKR CHANGE per plate | 38.00000      | 16.50000     | 22.75000 | *****    | *****  |
| Body - 2x4 PRESSWORK                     |          |         |     |     |   |
| 32 PG Body (5/5+5/5) AS 16'S 1-out       | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (5/5+5/5) AS 8'S 1-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (5/5+4/4) AS 16'S 1-out       | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (5/5+4/4) AS 8'S 1-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (4/4+4/4) AS 18'S 1-out       | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (4/4+4/4) AS 8'S 1-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (4/4+2/2) AS 16'S 1-out       | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (4/4+2/2) AS 8'S 1-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (4/4+1/1) AS 16'S 1-out       | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (4/4+1/1) AS 8'S 1-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (2/2+2/2) AS 16'S 1-out       | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (2/2+2/2) AS 8'S 1-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (1/1+1/1) AS 16'S 1-out       | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (1/1+1/1) AS 8'S 1-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (5/5+5/5) AS 16'S 2-out       | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (5/5+5/5) AS 8'S 2-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (5/5+4/4) AS 16'S 2-out       | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (5/5+4/4) AS 8'S 2-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
|                                     |          |         |     |     |   |
| Quad/Graphics, Inc.                      | Page 10 of 20 | Confidential |

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |
| PAPER REQUIREMENTSTrim Size: 8 X 10 3/4 | BASISWEIGHT | ROLLSIZE | PRESSCUTOFF | MAKE-READY | RATEPER/M |
|-----------------------------------------|-------------|----------|-------------|------------|-----------|
| Body - 2x4 PRESSWORK - continued   |     |     |     |   |   |
|------------------------------------|----------|----------|----------|--------|--------|
| 16 PG Body (4/4+4/4) AS 16'S 2-out | 40.00000 | 33.00000 | 22.75000 | *****  | *****  |
| 16 PG Body (4/4+4/4) AS 8'S 2-out  | 40.00000 | 33.00000 | 22.75000 | *****  | *****  |
| 16 PG Body (4/4+2/2) AS 16'S 2-out | 40.00000 | 33.00000 | 22.75000 | *****  | *****  |
| 16 PG Body (4/4+2/2) AS 8'S 2-out  | 40.00000 | 33.00000 | 22.75000 | *****  | *****  |
| 16 PG Body (4/4+1/1) AS 16'S 2-out | 40.00000 | 33.00000 | 22.75000 | *****  | *****  |
| 16 PG Body (4/4+1/1) AS 8'S 2-out  | 40.00000 | 33.00000 | 22.75000 | *****  | *****  |
| 16 PG Body (5/5) AS 8'S 1-out      | 40.00000 | 33.00000 | 22.75000 | *****  | *****  |
| 16 PG Body (2/2+2/2) AS 16'S 2-out | 40.00000 | 33.00000 | 22.75000 | *****  | *****  |
| 16 PG Body (2/2+2/2) AS 8'S 2-out  | 40.00000 | 33.00000 | 22.75000 | *****  | *****  |
| 16 PG Body (4/4) AS 8'S 1-out      | 40.00000 | 33.00000 | 22.75000 | *****  | *****  |
| 16 PG Body (1/1+1/1) AS 16'S 2-out | 40.00000 | 33.00000 | 22.75000 | *****  | *****  |
| 16 PG Body (1/1+1/1) AS 8'S 2-out  | 40.00000 | 33.00000 | 22.76000 | *****  | *****  |
| 16 PG Body (2/2) AS 8'S 1-out      | 40.00000 | 33.00000 | 22.75000 | *****  | *****  |
| 16 PG Body (1/1) AS 8'S 1-out      | 40.00000 | 33.00000 | 22.75000 | *****  | *****  |

| 12 PG Body (5/5+5/5) AS 12'S 2-out       | Web 1         | 40.00000     | 33.00000 | 22.75000 | *****  | ***** |
|------------------------------------------|---------------|--------------|----------|----------|--------|-------|
| 12 PG Body (5/5+5/5) AS 12'S 2-out       | Web 2         | 40.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (5/5+4/4) AS 12'S 2-out       | Web 1         | 40.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (5/5+4/4) AS 12'S 2-out       | Web 2         | 40.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+4/4) AS 12'S 2-out       | Web 1         | 40.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+4/4) AS 12'S 2-out       | Web 2         | 40.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+2/2) AS 12'S 2 out       | Web 1         | 40.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+2/2) AS 12'S 2-out       | Web 2         | 40.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+1/1) AS 12'S 2-out       | Web 1         | 40.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+1/1) AS 12'S 2-out       | Web 2         | 40.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (2/2+2/2) AS 12'S 2-out       | Web 1         | 40.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (2/2+2/2) AS 12'S 2-out       | Web 2         | 40.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (1/1+1/1) AS 12'S 2-out       | Web 1         | 40.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (1/1+1/1) AS 12'S 2-out       | Web 2         | 40.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 08 PG Body (5/5+5/5) AS 8'S 4-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (5/5+4/4) AS 8'S 4-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (4/4+4/4) AS 8'S 4-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (8/8) AS 8'S 2-out            | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (4/4+2/2) AS 8'S 4-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (4/4+1/1) AS 8'S 4-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (5/5) AS 8'S 2-out            | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (2/2+2/2) AS 8'S 4-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (4/4) AS 8'S 2-out            | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (1/1+1/1) AS 8'S 4-out        | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (2/2) AS 8'S 2-out            | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (1/1) AS 8'S 2-out            | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| VERSION PLATE & MKR CHANGE per plate | 40.00000      | 33.00000     | 22.75000 | *****    | *****  |
| VERSION PLATE & MKR CHANGE per plate | 40.00000      | 16.50000     | 22.75000 | *****    | *****  |
| 32 PG Body (5/5+5/5) AS 16'S 1-out       | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (5/5+5/5) AS 8'S 1-out        | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
|                                     |          |         |     |     |   |
| Quad/Graphics, Inc.                      | Page 11 of 20 | Confidential |

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |
| PAPER REQUIREMENTSTrim Size: 8 X 10 3/4 | BASISWEIGHT | ROLLSIZE | PRESSCUTOFF | MAKE-READY | RATEPER/M |
|-----------------------------------------|-------------|----------|-------------|------------|-----------|
| Body - 2x4 PRESSWORK - continued   |          |         |     |     |   |
|------------------------------------|---------------|--------------|----------|----------|--------|
| 32 PG Body (5/5+4/4) AS 16'S 1-out | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (5/5+4/4) AS 8'S 1-out  | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (4/4+4/4) AS 16'S 1-out | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (4/4+4/4) AS 8'S 1-out  | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (4/4+2/2) AS 16'S 1-out | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (4/4+2/2) AS 8'S 1-out  | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (4/4+1/1) AS 16'S 1-out | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (4/4+1/1) AS 8'S 1-out  | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (2/2+2/2) AS 16'S 1-out | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (2/2+2/2) AS 8'S 1-out  | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (1/1+1/1) AS 16'S 1-out | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 32 PG Body (1/1+1/1) AS 8'S 1-out  | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (5/5+5/5) AS 16'S 2-out | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (5/5+5/5) AS 8'S 2-out  | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (5/5+4/4) AS 16'S 2-out | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (5/5+4/4) AS 8'S 2-out  | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (4/4+4/4) AS 16'S 2-out | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (4/4+4/4) AS 8'S 2-out  | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (4/4+2/2) AS 16'S 2-out | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (4/4+2/2) AS 8'S 2-out  | 50.00000      | 33.00000     | 22.75009 | *****    | *****  |
| 16 PG Body (4/4+1/1) AS 16'S 2-out | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (4/4+1/1) AS 8'S 2-out  | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (5/5) AS 8'S 1-out      | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (2/2+2/2) AS 16'S 2-out | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (2/2+2/2) AS 8'S 2-out  | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (4/4) AS 8'S 1-out      | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (1/1+1/1) AS 16'S 2-out | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (1/1+1/1) AS 8'S 2-out  | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (2/2) AS 8'S 1-out      | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 16 PG Body (1/1) AS 8'S 1-out      | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 12 PG Body (5/5+5/5) AS 12'S 2-out | Web 1         | 50.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (5/5+5/5) AS 12'S 2-out | Web 2         | 50.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (5/5+4/4) AS 12'S 2-out | Web 1         | 50.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (5/5+4/4) AS 12'S 2-out | Web 2         | 50.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+4/4) AS 12'S 2-out | Web 1         | 50.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+4/4) AS 12'S 2-out | Web 2         | 50.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+2/2) AS 12'S 2-out | Web 1         | 50.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+2/2) AS 12'S 2-out | Web 2         | 50.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+1/1) AS 12'S 2-out | Web 1         | 50.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (4/4+1/1) AS 12'S 2-out | Web 2         | 50.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (2/2+2/2) AS 12'S 2-out | Web 1         | 50.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (2/2+2/2) AS 12'S 2-out | Web 2         | 50.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 12 PG Body (1/1+1/1) AS 12'S 2-out | Web 1         | 50.00000     | 33.00000 | 22.75000 | *****  | ***** |
| 12 PG Body (1/1+1/1) AS 12'S 2-out | Web 2         | 50.00000     | 16.50000 | 22.75000 | *****  | ***** |
| 08 PG Body (5/5+5/5)AS 8'S 4-out   | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (5/5+4/4) AS 8'S 4-out  | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
| 08 PG Body (4/4+4/4) AS 8'S 4-out  | 50.00000      | 33.00000     | 22.75000 | *****    | *****  |
|                               |          |         |     |     |   |
| Quad/Graphics, Inc.                | Page 12 of 20 | Confidential |

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |
| PAPER REQUIREMENTSTrim Size: 8 X 10 3/4 | BASISWEIGHT | ROLLSIZE | PRESSCUTOFF | MAKE-READY | RATEPER/M |
|-----------------------------------------|-------------|----------|-------------|------------|-----------|
| Body - 2x4 PRESSWORK - continued         |          |         |     |   |   |
|------------------------------------------|---------------|--------------|----------|--------|--------|
| 08 PG Body (8/8) AS 8'S 2-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 08 PG Body (4/4+2/2) AS 8'S 4-out        | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 08 PG Body (4/4+1/1) AS 8'S 4-out        | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 08 PG Body (5/5) AS 8'S 2-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 08 PG Body (2/2+2/2) AS 8'S 4-out        | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 08 PG Body (4/4) AS 8'S 2-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 08 PG Body (1/1+1/1) AS 8'S 4-out        | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 08 PG Body (2/2) AS 8'S 2-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 08 PG Body (1/1) AS 8'S 2-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 04 PG Body (6/6) AS 4'S 4-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 04 PG Body (5/5) AS 4'S 4-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 04 PG Body (4/4) AS 4'S 4-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 04 PG Body (2/2) AS 4'S 4-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 04 PG Body (1/1) AS 4'S 4-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 02 PG Body (7/7) AS 2'S 8-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 02 PG Body (6/6) AS 2'S 8-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 02 PG Body (5/5) AS 2'S 8-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 02 PG Body (4/4) AS 2'S 8-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 02 PG Body (2/2) AS 2'S 8-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 02 PG Body (1/1) AS 2'S 8-out            | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| VERSION PLATE & MKR CHANGE per plate | 50.00000      | 33.00000     | 22.75000 | *****  | *****  |
| VERSION PLATE & MKR CHANGE per plate | 50.00000      | 16.50000     | 22.75000 | *****  | *****  |
| Body - 2x4 PRESSWORK                     |          |         |     |   |   |
| 32 PG Body (5/5+5/5) AS 16'S 1-out       | 60.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 32 PG Body (5/5+5/5) AS 8'S 1-out        | 60.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 32 PG Body (5/5+4/4) AS 16'S 1-out       | 60.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 32 PG Body (5/5+4/4) AS 8'S 1-out        | 60.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 32 PG Body (4/4+4/4) AS 16'S 1-out       | 60.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 32 PG Body (4/4+4/4) AS 8'S 1-out        | 60.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 32 PG Body (4/4+2/2) AS 16'S 1-out       | 60.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 32 PG Body (4/4+2/2) AS 8'S 1-out        | 60.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 32 PG Body (4/4+1/1) AS 16'S 1-out       | 60.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 32 PG Body (4/4+1/1) AS 8'S 1-out        | 60.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 32 PG Body (2/2+2/2) AS 16'S 1-out       | 60.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 32 PG Body (2/2+2/2) AS 8'S 1-out        | 60.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 32 PG Body (1/1+1/1) AS 16'S 1-out       | 60.00000      | 33.00000     | 22.75000 | *****  | *****  |
| 32 PG Body (1/1+1/1) AS 8'S 1-out        | 60.00000      | 33.00000     | 22.75000 | *****  | *****  |
|                                     |          |         |     |   |   |
| Quad/Graphics, Inc.                      | Page 13 of 20 | Confidential |
|                                     |          |         |

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |
| PAPER REQUIREMENTSTrim Size: 8 X 10 3/4                                                             | BASISWEIGHT   | ROLLSIZE | PRESSCUTOFF | MAKE-READY | RATEPER/M    |
|-----------------------------------------------------------------------------------------------------|---------------|----------|-------------|------------|--------------|
| Body - 2x4 PRESSWORK • continued                                                              |          |     |        |       |         |
| 16 PG Body (5/5+5/5) AS 16'S 2-out                                                                  | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (5/5+5/5) AS 8'S 2-out                                                                   | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (5/5+4/4) AS 16'S 2-out                                                                  | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (5/5+4/4) AS 8'S 2-out                                                                   | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (4/4+4/4) AS 16'S 2-out                                                                  | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (4/4+4/4) AS 8'S 2-out                                                                   | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (4/4+2/2) AS 16'S 2-out                                                                  | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (4/4+2/2) AS 8'S 2-out                                                                   | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (4/4+1/1) AS 16'S 2-out                                                                  | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (4/4+1/1) AS 8'S 2-out                                                                   | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (5/5) AS 8'S 1-out                                                                       | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (2/2+2/2) AS 16'S 2-out                                                                  | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (2/2+2/2) AS 8'S 2-out                                                                   | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (4/4) AS 8'S 1-out                                                                       | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (1/1+1/1) AS 16'S 2-out                                                                  | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (1/1+1/1) AS 8'S 2-out                                                                   | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (2/2) AS 8'S 1-out                                                                       | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 16 PG Body (1/1) AS 8'S 1-out                                                                       | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 12 PG Body (5/5+5/5) AS 12'S 2-out          Web 1 | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 12 PG Body (5/5+5/5) AS 12'S 2-out          Web 2 | 60.00000      | 16.50000 | 22.75000    | *****      | *****        |
| 12 PG Body (5/5+4/4) AS 12'S 2-out          Web 1 | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 12 PG Body (5/5+4/4) AS 12'S 2-out          Web 2 | 60.00000      | 16.50000 | 22.75000    | *****      | *****        |
| 12 PG Body (4/4+4/4) AS 12'S 2-out          Web 1 | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 12 PG Body (4/4+4/4) AS 12'S 2-out          Web 2 | 60.00000      | 16.50000 | 22.75000    | *****      | *****        |
| 12 PG Body (4/4+2/2) AS 12'S 2-out          Web 1 | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 12 PG Body (4/4+2/2) AS 12'S 2-out          Web 2 | 60.00000      | 16.50000 | 22.75000    | *****      | *****        |
| 12 PG Body (4/4+1/1) AS 12'S 2-out          Web 1 | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 12 PG Body (4/4+1/1) AS 12'S 2-out          Web 2 | 60.00000      | 16.50000 | 22.75000    | *****      | *****        |
| 12 PG Body (2/2+2/2) AS 12'S 2-out          Web 1 | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 12 PG Body (2/2+2/2) AS 12'S 2-out          Web 2 | 60.00000      | 16.50000 | 22.75000    | *****      | *****        |
| 12 PG Body (1/1+1/1) AS 12'S 2-out         Web 1       | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 12 PG Body (1/1+1/1) AS 12'S 2-out          Web 2 | 60.00000      | 16.50000 | 22.75000    | *****      | *****        |
| 08 PG Body (5/5+5/5) AS 8'S 4-out                                                                   | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 08 PG Body (5/5+4/4) AS 8'S 4-out                                                                   | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 08 PG Body (4/4+4/4) AS 8'S 4-out                                                                   | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 08 PG Body (8/8) AS 8'S 2-out                                                                       | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 08 PG Body (4/4+2/2) AS 8'S 4-out                                                                   | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 08 PG Body (4/4+1/1) AS 8'S 4-out                                                                   | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 08 PG Body (5/5) AS 8'S 2-out                                                                       | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 08 PG Gate Body (5/5) AS 8'S 2-out                                                                  | 60.00000      | 31.25000 | 22.75000    | *****      | *****        |
| 08 PG Body (2/2+2/2) AS 8'S 4-out                                                                   | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 08 PG Body (4/4) AS 8'S 2-out                                                                       | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 08 PG Gate Body (4/4) AS 8'S 2-out                                                                  | 60.00000      | 30.50000 | 22.75000    | *****      | *****        |
| 08 PG Body (1/1+1/1) AS 8'S 4-out                                                                   | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 08 PG Body (2/2) AS 8'S 2-out                                                                       | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
| 08 PG Body (1/1) AS 8'S 2-out                                                                       | 60.00000      | 33.00000 | 22.75000    | *****      | *****        |
|                                                                                                |          |     |        |       |         |
| Quad/Graphics, Inc.                                                                                 | Page 14 of 20 |     |        |       | Confidential |

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |
| PAPER REQUIREMENTSTrim Size: 8 X 10 3/4 | BASISWEIGHT | ROLLSIZE | PRESSCUTOFF | MAKE-READY | RATEPER/M |
|-----------------------------------------|-------------|----------|-------------|------------|-----------|

| 06 PG Body (4/4+4/4) AS 6'S 4-out        | 60.00000      | 19.00000 | 22.75000 | *****  | *****        |
|------------------------------------------|---------------|----------|----------|--------|--------------|
| 06 PG Gate Body (5/5) AS 6'S 2-out       | 60.00000      | 22.43750 | 22.75000 | *****  | *****        |
| 06 PG Gate Body (4/4) AS 6'S 2-out       | 60.00000      | 22.43750 | 22.75000 | *****  | *****        |
| 04 PG Body (6/6) AS 4'S 4-out            | 60.00000      | 33.00000 | 22.75000 | *****  | *****        |
| Body - 2x4 PRESSWORK - continued    |          |     |     |   |         |
| 04 PG Body (5/5) AS 4'S 4-out            | 60.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 04 PG Gate Body (5/5) AS 4'S 4-out       | 60.00000      | 30.75000 | 22.75000 | *****  | *****        |
| 04 PG Body (4/4) AS 4'S 4-out            | 60.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 04 PG Gate Body (4/4) AS 4'S 4-out       | 60.00000      | 30.75000 | 22.75000 | *****  | *****        |
| 04 PG Body (2/2) AS 4'S 4-out            | 60.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 04 PG Gate Body (2/2) AS 4'S 4-out       | 60.00000      | 30.75000 | 22.75000 | *****  | *****        |
| 04 PG Body (1/1) AS 4'S 4-out            | 60.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 04 PG Gate Body (1/1) AS 4'S 4-out       | 60.00000      | 29.00000 | 22.75000 | *****  | *****        |
| 02 PG Body (7/7) AS 2'S 8-out            | 60.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 02 PG Body (6/6) AS 2'S 8-out            | 60.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 02 PG Body (5/5) AS 2'S 8-out            | 60.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 02 PG Body (4/4) AS 2'S 8-out            | 60.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 02 PG Body (2/2) AS 2'S 8-out            | 60.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 02 PG Body (1/1) AS 2'S 8-out            | 60.00000      | 33.00000 | 22.75000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate | 60.00000      | 33.00000 | 22.75000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate | 60.00000      | 31.25000 | 22.75000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate | 60.00000      | 30.75000 | 22.75000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate | 60.00000      | 30.50000 | 22.75000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate | 60.00000      | 29.00000 | 22.75000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate | 60.00000      | 22.43750 | 22.75000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate | 60.00000      | 19.00000 | 22.75000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate | 60.00000      | 16.50000 | 22.75000 | *****  | *****        |
| 16 PG Body (4/4+1/1) AS 16'S 2-out       | 80.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 12 PG Body (2/2+2/2) AS 12'S 2-out Web 1 | 80.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 12 PG Body (2/2+2/2) AS 12'S 2-out Web 2 | 80.00000      | 16.50000 | 22.75000 | *****  | *****        |
| 06 PG Body (4/4+4/4) AS 6'S 4-out        | 80.00000      | 19.00000 | 22.75000 | *****  | *****        |
| 06 PG Gate Body (5/5) AS 6'S 2-out       | 80.00000      | 22.43750 | 22.75000 | *****  | *****        |
| 06 PG Gate Body (4/4) AS 6'S 2-out       | 80.00000      | 22.43750 | 22.75000 | *****  | *****        |
| 04 PG Gate Body (5/5) AS 4'S 4-out       | 80.00000      | 30.75000 | 22.75000 | *****  | *****        |
| 04 PG Body (4/4) AS 4'S 4-out            | 80.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 04 PG Gate Body (4/4) AS 4'S 4-out       | 80.00000      | 30.75000 | 22.75000 | *****  | *****        |
| 04 PG Body (2/2) AS 4'S 4-out            | 80.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 04 PG Gate Body (2/2) AS 4'S 4-out       | 80.00000      | 30.75000 | 22.75000 | *****  | *****        |
| 04 PG Body (1/1) AS 4'S 4-out            | 80.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 04 PG Gate Body (1/1) AS 4'S 4-out       | 80.00000      | 29.00000 | 22.75000 | *****  | *****        |
| 02 PG Body (7/7) AS 2'S 8-out            | 80.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 02 PG Body (6/6) AS 2'S 8-out            | 80.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 02 PG Body (5/5) AS 2'S 8-out            | 80.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 02 PG Body (4/4) AS 2'S 8-out            | 80.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 02 PG Body (2/2) AS 2'S 8-out            | 80.00000      | 33.00000 | 22.75000 | *****  | *****        |
| 02 PG Body (1/1) AS 2'S 8-out            | 80.00000      | 33.00000 | 22.75000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate | 80.00000      | 33.00000 | 22.75000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate | 80.00000      | 30.75000 | 22.75000 | *****  | *****        |
|                                     |          |     |     |   |         |
|                                     |          |     |     |   |         |
| Quad/Graphics, Inc.                      | Page 15 of 20 |     |     |   | Confidential |

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |
| PAPER REQUIREMENTSTrim Size: 8 X 10 3/4 | BASISWEIGHT | ROLLSIZE | PRESSCUTOFF | MAKE-READY | RATEPER/M |
|-----------------------------------------|-------------|----------|-------------|------------|-----------|

| VERSION PLATE & MKR CHANGE per plate     | 80.00000      | 29.00000 | 22.75000 | *****  | *****        |
|----------------------------------------------|---------------|----------|----------|--------|--------------|
| VERSION PLATE & MKR CHANGE per plate     | 80.00000      | 22.43750 | 22.75000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate     | 80.00000      | 19.00000 | 22.75000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate     | 80.00000      | 16.50000 | 22.75000 | *****  | *****        |
| Body - 2x6 PRESSWORK                         |          |     |     |   |         |
| 48 PG Body (4/4+4/4) AS 12'S 1-out           | 38.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 48 PG Body (4/4+4/4) AS 16'S & 8'S 1-out | 38.00000      | 49.50000 | 22.25000 | *****  | *****        |
| Body - 2x6 PRESSWORK                         |          |     |     |   |         |
| 48 PG Body (4/4+4/4) AS 24'S 1-out           | 38.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 24 PG Body (4/4+4/4) AS 12'S 2-out           | 38.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 24 PG Body (4/4+4/4) AS 16'S & 8'S 2-out | 38.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 24 PG Body (4/4+4/4) AS 24'S 2-out           | 38.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 24 PG Body (4/4+4/4) AS 8'S 2-out            | 38.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 16 PG Body (4/4+4/4) AS 8'S 3-out            | 38.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 12 PG Body (4/4+4/4) AS 12'S 4-out           | 38.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 08 PG Body (4/4+4/4) AS 8'S 6-out            | 38.00000      | 49.50000 | 22.25000 | *****  | *****        |
| VERSION PLATE PRESS STOP per stop, per web   | 38.00000      | 49.50000 | 22.25000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate     | 38.00000      | 49.50000 | 22.25000 | *****  | *****        |
| Body - 2x6 PRESSWORK                    |          |     |     |   |         |
| 48 PG Body (4/4+4/4) AS 12'S 1-out           | 40.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 48 PG Body (4/4+4/4) AS 16'S & 8'S 1-out | 40.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 48 PG Body (4/4+4/4) AS 24'S 1-out           | 40.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 24 PG Body (4/4+4/4) AS 12'S 2-out           | 40.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 24 PG Body (4/4+4/4) AS 16'S & 8'S 2-out | 40.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 24 PG Body (4/4+4/4) AS 24'S 2-out           | 40.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 24 PG Body (4/4+4/4) AS 8'S 2-out            | 40.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 16 PG Body (4/4+4/4) AS 8'S 3-out            | 40.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 12 PG Body (4/4+4/4) AS 12'S 4-out           | 40.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 08 PG Body (4/4+4/4) AS 8'S 6-out            | 40.00000      | 49.50000 | 22.25000 | *****  | *****        |
| VERSION PLATE PRESS STOP per stop, per web   | 40.00000      | 49.50000 | 22.25000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate     | 40.00000      | 49.50000 | 22.25000 | *****  | *****        |
| Body - 2x6 PRESSWORK                         |          |     |     |   |         |
| 48 PG Body (4/4+4/4) AS 12'S 1-out           | 50.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 48 PG Body (4/4+4/4) AS 16'S & 8'S 1-out | 50.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 48 PG Body (4/4+4/4) AS 24'S 1-out           | 50.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 24 PG Body (4/4+4/4) AS 12'S 2-out           | 50.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 24 PG Body (4/4+4/4) AS 16'S & 8'S 2-out | 50.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 24 PG Body (4/4+4/4) AS 24'S 2-out           | 50.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 24 PG Body (4/4+4/4) AS 8'S 2-out            | 50.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 16 PG Body (4/4+4/4) AS 8'S 3-out            | 50.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 12 PG Body (4/4+4/4) AS 12'S 4-out           | 50.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 08 PG Body (4/4+4/4) AS 8'S 6-out            | 50.00000      | 49.50000 | 22.25000 | *****  | *****        |
| VERSION PLATE PRESS STOP per stop, per web   | 50.00000      | 49.50000 | 22.25000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate     | 50.00000      | 49.50000 | 22.25000 | *****  | *****        |
| Body - 2x6 PRESSWORK                         |          |     |     |   |         |
| 48 PG Body (4/4+4/4) AS 12'S 1-out           | 60.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 48 PG Body (4/4+4/4) AS 16'S & 8'S 1-out | 60.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 48 PG Body (4/4+4/4) AS 24'S 1-out           | 60.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 24 PG Body (4/4+4/4) AS 12'S 2-out           | 60.00000      | 49.50000 | 22.25000 | *****  | *****        |
|                                         |          |     |     |   |         |
| Quad/Graphics, Inc.                          | Page 16 of 20 |     |     |   | Confidential |

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |
| PAPER REQUIREMENTSTrim Size: 8 X 10 3/4 | BASISWEIGHT | ROLLSIZE | PRESSCUTOFF | MAKE-READY | RATEPER/M |
|-----------------------------------------|-------------|----------|-------------|------------|-----------|

| 24 PG Body (4/4+4/4) AS 16'S & 8'S 2-out   | 60.00000      | 49.50000 | 22.25000 | *****  | *****        |
|------------------------------------------------|---------------|----------|----------|--------|--------------|
| 24 PG Body (4/4+4/4) AS 24'S 2-out             | 60.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 24 PG Body (4/4+4/4) AS 8'S 2-out              | 60.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 16 PG Body (4/4+4/4) AS 8'S 3-out              | 60.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 12 PG Body (4/4+4/4) AS 12'S 4-out             | 60.00000      | 49.50000 | 22.25000 | *****  | *****        |
| 08 PG Body (4/4+4/4) AS 8'S 6-out              | 60.00000      | 49.50000 | 22.25000 | *****  | *****        |
| VERSION PLATE PRESS STOP per stop, per web     | 60.00000      | 49.50000 | 22.25000 | *****  | *****        |
| VERSION PLATE & MKR CHANGE per plate       | 60.00000      | 49.50000 | 22.25000 | *****  | *****        |
| Body - GRAVURE PRESSWORK - JAW                 |          |     |     |   |         |
| 96 PG Body (5/5) AS 16'S 1-out                 | 38.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 96 PG Body (5/5) AS 32'S 1-out                 | 38.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 96 PG Body (4/4) AS 16'S 1-out                 | 38.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 96 PG Body (4/4) AS 32'S 1-out                 | 38.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 84 PG Body (5/5) AS 28'S 1-out                 | 38.00000      | 77.00000 | 49.50000 | *****  | *****        |
| 84 PG Body (4/4) AS 28'S 1-out                 | 38.00000      | 77.00000 | 49.50000 | *****  | *****        |
| 72 PG Body (5/5) AS 12'S 1-out                 | 38.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 72 PG Body (5/5) AS 24'S 1-out                 | 38.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 72 PG Body (4/4) AS 12'S 1-out                 | 38.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 72 PG Body (4/4) AS 24'S 1-out                 | 38.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 64 PG Body (5/5) AS 32'S 1-out                 | 38.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 64 PG Body (4/4) AS 32'S 1-out                 | 38.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 60 PG Body (5/5) AS 20'S 1-out                 | 38.00000      | 55.00000 | 49.50000 | *****  | *****        |
| 60 PG Body (4/4) AS 20'S 1-out                 | 38.00000      | 55.00000 | 49.50000 | *****  | *****        |
| 56 PG Body (5/5) AS 28'S 1-out                 | 38.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 56 PG Body (4/4) AS 28'S 1-out                 | 38.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 48 PG Body (5/5) AS 24'S 1-out                 | 38.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 48 PG Body (4/4) AS 24'S 1-out                 | 38.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 48 PG Body (5/5) AS 16'S 2-out                 | 38.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 48 PG Body (4/4) AS 16'S 2-out                 | 38.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 40 PG Body (5/5) AS 20'S 1-out                 | 38.00000      | 55.00000 | 33.00000 | *****  | *****        |
| 40 PG Body (4/4) AS 20'S 1-out                 | 38.00000      | 55.00000 | 33.00000 | *****  | *****        |
| 36 PG Body (5/5) AS 36'S 2-out                 | 38.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 36 PG Body (4/4) AS 36'S 2-out                 | 38.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 32 PG Body (5/5) AS 32'S 2-out                 | 38.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 32 PG Body (4/4) AS 32'S 2-out                 | 38.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 28 PG Body (5/5) AS 28'S 2-out                 | 38.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 28 PG Body (4/4) AS 28'S 2-out                 | 38.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 24 PG Body (5/5) AS 24'S 2-out                 | 38.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 24 PG Body (4/4) AS 24'S 2-out                 | 38.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 20 PG Body (5/5) AS 20'S 2-out                 | 38.00000      | 55.00000 | 33.00000 | *****  | *****        |
| 20 PG Body (4/4) AS 20'S 2-out                 | 38.00000      | 55.00000 | 33.00000 | *****  | *****        |
| 16 PG Body (5/5) AS 16'S 4-out                 | 38.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 16 PG Body (4/4) AS 16'S 4-out                 | 38.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 12 PG Body (5/5) AS 12'S 4-out                 | 38.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 12 PG Body (4/4) AS 12'S 4-out                 | 38.00000      | 66.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 38.00000      | 88.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 38.00000      | 77.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 38.00000      | 66.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 38.00000      | 55.00000 | 33.00000 | *****  | *****        |
|                                           |          |     |     |   |         |
| Quad/Graphics, Inc.                            | Page 17 of 20 |     |     |   | Confidential |

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |
| PAPER REQUIREMENTSTrim Size: 8 X 10 3/4 | BASISWEIGHT | ROLLSIZE | PRESSCUTOFF | MAKE-READY | RATEPER/M |
|-----------------------------------------|-------------|----------|-------------|------------|-----------|

| VERSION CYLINDER & MKR CHANGE per cylinder | 38.00000      | 88.00000 | 49.50000 | *****  | *****        |
|------------------------------------------------|---------------|----------|----------|--------|--------------|
| VERSION CYLINDER & MKR CHANGE per cylinder | 38.00000      | 77.00000 | 49.50000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 38.00000      | 66.00000 | 49.50000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 38.00000      | 55.00000 | 49.50000 | *****  | *****        |
| Body -GRAVURE PRESSWORK –JAW             |          |     |     |   |         |
| 96 PG Body (5/5) AS 16'S 1-out                 | 40.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 96 PG Body (5/5) AS 32'S 1-out                 | 40.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 96 PG Body (4/4) AS 16'S 1-out                 | 40.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 96 PG Body (4/4) AS 32'S 1-out                 | 40.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 84 PG Body (5/5) AS 28'S 1-out                 | 40.00000      | 77.00000 | 49.50000 | *****  | *****        |
| 84 PG Body (4/4) AS 28'S 1-out                 | 40.00000      | 77.00000 | 49.50000 | *****  | *****        |
| Body - GRAVURE PRESSWORK -JAW - continued      |          |     |     |   |         |
| 72 PG Body (5/5) AS 12'S 1-out                 | 40.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 72 PG Body (5/5) AS 24'S 1-out                 | 40.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 72 PG Body (4/4) AS 12'S 1-out                 | 40.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 72 PG Body (4/4) AS 24'S 1-out                 | 40.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 64 PG Body (5/5) AS 32'S 1-out                 | 40.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 64 PG Body (4/4) AS 32'S 1-out                 | 40.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 60 PG Body (5/5) AS 20'S 1-out                 | 40.00000      | 55.00000 | 49.50000 | *****  | *****        |
| 60 PG Body (4/4) AS 20'S 1-out                 | 40.00000      | 55.00000 | 49.50000 | *****  | *****        |
| 56 PG Body (5/5) AS 28'S 1-out                 | 40.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 56 PG Body (4/4) AS 28'S 1-out                 | 40.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 48 PG Body (5/5) AS 24'S 1-out                 | 40.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 48 PG Body (4/4) AS 24'S 1-out                 | 40.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 48 PG Body (5/5) AS 16'S 2-out                 | 40.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 48 PG Body (4/4) AS 16'S 2-out                 | 40.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 40 PG Body (5/5) AS 20'S 1-out                 | 40.00000      | 55.00000 | 33.00000 | *****  | *****        |
| 40 PG Body (4/4) AS 20'S 1-out                 | 40.00000      | 55.00000 | 33.00000 | *****  | *****        |
| 36 PG Body (5/5) AS 36'S 2-out                 | 40.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 36 PG Body (4/4) AS 36'S 2-out                 | 40.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 32 PG Body (5/5) AS 32'S 2-out                 | 40.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 32 PG Body (4/4) AS 32'S 2-out                 | 40.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 28 PG Body (5/5) AS 28'S 2-out                 | 40.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 28 PG Body (4/4) AS 28'S 2-out                 | 40.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 24 PG Body (5/5) AS 24'S 2-out                 | 40.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 24 PG Body (4/4) AS 24'S 2-out                 | 40.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 20 PG Body (5/5) AS 20'S 2-out                 | 40.00000      | 55.00000 | 33.00000 | *****  | *****        |
| 20 PG Body (4/4) AS 20'S 2-out                 | 40.00000      | 55.00000 | 33.00000 | *****  | *****        |
| 16 PG Body (5/5) AS 16'S 4-out                 | 40.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 16 PG Body (4/4) AS 16'S 4-out                 | 40.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 12 PG Body (5/5) AS 12'S 4-out                 | 40.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 12 PG Body (4/4) AS 12'S 4-out                 | 40.00000      | 66.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 40.00000      | 88.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 40.00000      | 77.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 40.00000      | 66.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 40.00000      | 55.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 40.00000      | 88.00000 | 49.50000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 40.00000      | 77.00000 | 49.50000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 40.00000      | 66.00000 | 49.50000 | *****  | *****        |
|                                           |          |     |     |   |         |
| Quad/Graphics, Inc.                            | Page 18 of 20 |     |     |   | Confidential |

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |
| PAPER REQUIREMENTSTrim Size: 8 X 10 3/4 | BASISWEIGHT | ROLLSIZE | PRESSCUTOFF | MAKE-READY | RATEPER/M |
|-----------------------------------------|-------------|----------|-------------|------------|-----------|

| VERSION CYLINDER & MKR CHANGE per cylinder | 40.00000      | 55.00000 | 49.50000 | *****  | *****        |
|------------------------------------------------|---------------|----------|----------|--------|--------------|
| Body - GRAVURE PRESSWORK - JAW                 |          |     |     |   |         |
| 96 PG Body (5/5) AS 16'S 1-out                 | 50.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 96 PG Body (5/5) AS 32'S 1-out                 | 50.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 96 PG Body (4/4) AS 16'S 1-out                 | 50.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 96 PG Body (4/4) AS 32'S 1-out                 | 50.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 84 PG Body (5/5) AS 28'S 1-out                 | 50.00000      | 77.00000 | 49.50000 | *****  | *****        |
| 84 PG Body (4/4) AS 28'S 1-out                 | 50.00000      | 77.00000 | 49.50000 | *****  | *****        |
| 72 PG Body (5/5) AS 12'S 1-out                 | 50.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 72 PG Body (5/5) AS 24'S 1-out                 | 50.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 72 PG Body (4/4) AS 12'S 1-out                 | 50.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 72 PG Body (4/4) AS 24'S 1-out                 | 50.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 64 PG Body (5/5) AS 32'S 1-out                 | 50.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 64 PG Body (4/4) AS 32'S 1-out                 | 50.00000      | 88.00000 | 33.00000 | *****  | *****        |
| Body - GRAVURE PRESSWORK -JAW - continued      |          |     |     |   |         |
| 60 PG Body (5/5) AS 20'S 1-out                 | 50.00000      | 55.00000 | 49.50000 | *****  | *****        |
| 60 PG Body (4/4) AS 20'S 1-out                 | 50.00000      | 55.00000 | 49.50000 | *****  | *****        |
| 56 PG Body (5/5) AS 28'S 1-out                 | 50.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 56 PG Body (4/4) AS 28'S 1-out                 | 50.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 48 PG Body (5/5) AS 24'S 1-out                 | 50.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 48 PG Body (4/4) AS 24'S 1-out                 | 50.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 48 PG Body (5/5) AS 16'S 2-out                 | 50.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 48 PG Body (4/4) AS 16'S 2-out                 | 50.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 40 PG Body (5/5) AS 20'S 1-out                 | 50.00000      | 55.00000 | 33.00000 | *****  | *****        |
| 40 PG Body (4/4) AS 20'S 1-out                 | 50.00000      | 55.00000 | 33.00000 | *****  | *****        |
| Body - GRAVURE PRESSWORK - JAW                 |          |     |     |   |         |
| 36 PG Body (5/5) AS 36'S 2-out                 | 50.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 36 PG Body (4/4) AS 36'S 2-out                 | 50.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 32 PG Body (5/5) AS 32'S 2-out                 | 50.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 32 PG Body (4/4) AS 32'S 2-out                 | 50.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 28 PG Body (5/5) AS 28'S 2-out                 | 50.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 28 PG Body (4/4) AS 28'S 2-out                 | 50.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 24 PG Body (5/5) AS 24'S 2-out                 | 50.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 24 PG Body (4/4) AS 24'S 2-out                 | 50.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 20 PG Body (5/5) AS 20'S 2-out                 | 50.00000      | 55.00000 | 33.00000 | *****  | *****        |
| 20 PG Body (4/4) AS 20'S 2-out                 | 50.00000      | 55.00000 | 33.00000 | *****  | *****        |
| 16 PG Body (5/5) AS 16'S 4-out                 | 50.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 16 PG Body (4/4) AS 16'S 4-out                 | 50.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 12 PG Body (5/5) AS 12'S 4-out                 | 50.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 12 PG Body (4/4) AS 12'S 4-out                 | 50.00000      | 66.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 50.00000      | 88.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 50.00000      | 77.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 50.00000      | 66.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 50.00000      | 55.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 50.00000      | 88.00000 | 49.50000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 50.00000      | 77.00000 | 49.50000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 50.00000      | 66.00000 | 49.50000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder | 50.00000      | 55.00000 | 49.50000 | *****  | *****        |
|                                           |          |     |     |   |         |
|                                           |          |     |     |   |         |
| Quad/Graphics, Inc.                            | Page 19 of 20 |     |     |   | Confidential |

----

|   |   |                   | Account Nbr:    | 803        |
|--------|--------|------------------------|-----------------|------------|
|   |   | Price Sched Nbr:       | 0002322-08      |
|   |   |                   | Effective Date: |       |
|   |   | Pricing Last Modified: | cjones          |
|   |   |                   |            | 11/19/2008 |
|   |   |                   |            | cjones     |
|   |   | Paper Last Modified    | 11/19/2008      |
| PAPER REQUIREMENTSTrim Size: 8 X 10 3/4 | BASISWEIGHT | ROLLSIZE | PRESSCUTOFF | MAKE-READY | RATEPER/M |
|-----------------------------------------|-------------|----------|-------------|------------|-----------|

| Body - GRAVURE PRESSWORK - JAW                  |          |     |     |   |         |
|-------------------------------------------------|---------------|----------|----------|--------|--------------|
| 96 PG Body (5/5) AS 16'S 1-out                  | 60.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 96 PG Body (5/5) AS 32'S 1-out                  | 60.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 96 PG Body (4/4) AS 16'S 1-out                  | 60.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 96 PG Body (4/4) AS 32'S 1-out                  | 60.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 84 PG Body (5/5) AS 28'S 1-out                  | 60.00000      | 77.00000 | 49.50000 | *****  | *****        |
| 84 PG Body (4/4) AS 28'S 1-out                  | 60.00000      | 77.00000 | 49.50000 | *****  | *****        |
| 72 PG Body (5/5) AS 12'S 1-out                  | 60.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 72 PG Body (5/5) AS 24'S 1-out                  | 60.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 72 PG Body (4/4) AS 12'S 1-out                  | 60.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 72 PG Body (4/4) AS 24'S 1-out                  | 60.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 64 PG Body (5/5) AS 32'S 1-out                  | 60.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 64 PG Body (4/4) AS 32'S 1-out                  | 60.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 60 PG Body (5/5) AS 20'S 1-out                  | 60.00000      | 55.00000 | 49.50000 | *****  | *****        |
| 60 PG Body (4/4) AS 20'S 1-out                  | 60.00000      | 55.00000 | 49.50000 | *****  | *****        |
| 56 PG Body (5/5) AS 28'S 1-out                  | 60.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 56 PG Body (4/4) AS 28'S 1-out                  | 60.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 48 PG Body (5/5) AS 24'S 1-out                  | 60.00000      | 66.00000 | 33.00000 | *****  | *****        |
| Body - GRAVURE PRESSWORK - JAW - continued |          |     |     |   |         |
| 48 PG Body (4/4) AS 24'S 1-out                  | 60.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 48 PG Body (5/5) AS 16'S 2-out                  | 60.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 48 PG Body (4/4) AS 16'S 2-out                  | 60.00000      | 88.00000 | 49.50000 | *****  | *****        |
| 40 PG Body (5/5) AS 20'S 1-out                  | 60.00000      | 55.00000 | 33.00000 | *****  | *****        |
| 40 PG Body (4/4) AS 20'S 1-out                  | 60.00000      | 55.00000 | 33.00000 | *****  | *****        |
| 36 PG Body (5/5) AS 36'S 2-out                  | 60.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 36 PG Body (4/4) AS 36'S 2-out                  | 60.00000      | 66.00000 | 49.50000 | *****  | *****        |
| 32 PG Body (5/5) AS 32'S 2-out                  | 60.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 32 PG Body (4/4) AS 32'S 2-cut                  | 60.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 28 PG Body (5/5) AS 28'S 2-out                  | 60.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 28 PG Body (4/4) AS 28'S 2-out                  | 60.00000      | 77.00000 | 33.00000 | *****  | *****        |
| 24 PG Body (5/5) AS 24'S 2-out                  | 60.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 24 PG Body (4/4) AS 24'S 2-out                  | 60.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 20 PG Body (5/5) AS 20'S 2-out                  | 60.00000      | 55.00000 | 33.00000 | *****  | *****        |
| 20 PG Body (4/4) AS 20'S 2-out                  | 60.00000      | 55.00000 | 33.00000 | *****  | *****        |
| 16 PG Body (5/5) AS 16'S 4-out                  | 60.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 16 PG Body (4/4) AS 16'S 4-out                  | 60.00000      | 88.00000 | 33.00000 | *****  | *****        |
| 12 PG Body (5/5) AS 12'S 4-out                  | 60.00000      | 66.00000 | 33.00000 | *****  | *****        |
| 12 PG Body (4/4) AS 12'S 4-out                  | 60.00000      | 66.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder  | 60.00000      | 88.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder  | 60.00000      | 77.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder  | 60.00000      | 66.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder  | 60.00000      | 55.00000 | 33.00000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder  | 60.00000      | 88.00000 | 49.50000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder  | 60.00000      | 77.00000 | 49.50000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder  | 60.00000      | 66.00000 | 49.50000 | *****  | *****        |
| VERSION CYLINDER & MKR CHANGE per cylinder  | 60.00000      | 55.00000 | 49.50000 | *****  | *****        |
|                                            |          |     |     |   |         |
| Quad/Graphics, Inc.                             | Page 20 of 20 |     |     |   | Confidential |

----

----

|  Estimate# 08-06243; 144742 and 144741 |  November 25, 2008 |
|---------------------------------------------|-------------------------|

|  Page Count: |  2                                   |   |
|-------------------|-------------------------------------------|--------|
|  Trim Size:  |  5.875"x4.125"7"x5"                  |   |
|  Paper:      |  38" Quad Supplied 78.2# Uncoated #7 |   |

| Preparatory: | Imaging pricing can be found on a separate Preparatory Estimate, created by your Quad/Imaging Sales Representative. If Quad/Graphics will not be providing imaging services, then Playboy Enterprises Inc. will supply final plate ready files and composite digital color proofs forcomputer to plate. Files and proofs are to be created per the specifications outlined in the document "DIRECT DIGITAL OUTPUT SPECIFICATIONS FOR |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|            | OFFSET AND GRAVURE PRINTING", which may be found at:  <http://www.qg.com/prodserv/imaging/pdf/digital output specs.pdf>, or provided by your Quad/Graphics Sales Representative. Quad/Graphics will produce a set of final digital blue line proofs for client verification and approval. Test files shouldalso be submitted well in advance of live production, to your designated Quad/Graphics Customer Service Representative. The manufacturing cost quoted herein is based upon supplied plate ready digital files and color proofs; you may be subject to additional charges if files and proofs are not submitted in accordance with the foregoing specifications or should you not submit test files. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Presswork:      | Insert pages to be printed via heat set web offset press, in 4/1 C process throughout.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Location:       | Quad/Graphics Facility in West Allis or Hartford, WI.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Ink:            | Based on medium coverage. Ink is subject to customer sample and is based on current market cost of supplied component materials. Should these costs change, you will be notified of its affect on quoted manufacturing prices.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Finishing:      | Printed inserts will be trimmed to size.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Mail/Packaging: | Blow ins will be skid packed and bulk shipped to Lomira for insertion into the Playboy host book. Gift card blow ins will be skid packed and bulk shipped to Lomira for insertion into the Playboy host book.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Pricing:        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Trim:5.875" x4.125"Paper and Manufacturing* | CPM*****                                                                                                                                                                                                                                                                                                                                                                                                             |
|---------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Trim:7" x5"Paper and Manufacturing**        | CPM*****                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                        | * pricing is based on printing 8 times a year.  6,500,000 pieces February – October and 4,000,000 pieces November - January.  Paper cost is based on current paper pricing and is subject to change. * pricing is based on printing 3 times a year.  6,000,000 pieces November - January.  Paper cost is based on current paper pricing and is subject to change. |

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| Quad/Graphics, Inc.Schedule forPLAYBOY - QD - PLA536 |          |          |          |          |
|------------------------------------------------------|---------------|---------------|---------------|---------------|
|                                                 |          |          |          |          |
| ISSUE NAME                                           | Mar-09        | Apr-09        | May-09        | Jun-09        |
| JOB NUMBER                                           | A90C530       | A90C540       | A90C550       | A90C560       |
| TIME ZONE                                            |          |          |          |          |
| BATCH/FORM #                                         |          |          |          |          |
| Page Files Due at Quad                               | 01/02/09(Fri) | 01/30/09(Fri) | 03/06/09(Fri) | 04/03/09(Fri) |
| Proofs Due Out to Customer                           | 01/06/09(Tue) | 02/03/09(Tue) | 03/10/09(Tue) | 04/07/09(Tue) |
| Proofs Due Back at Quad                              | 01/08/09(Thu) | 02/05/09(Thu) | 03/12/09(Thu) | 04/09/09(Thu) |
| Final Approval                                       | 01/09/09(Fri) | 02/06/09(Fri) | 03/13/09(Fri) | 04/10/09(Fri) |
| Plate Ready Files due at Quad                        | 01/09/09(Fri) | 02/06/09(Fri) | 03/13/09(Fri) | 04/10/09(Fri) |
| PRESS                                                | CARDS         | CARDS         | CARDS         | CARDS         |
| Print Order Due                                      | 01/06/09(Tue) | 02/03/09(Tue) | 03/10/09(Tue) | 04/07/09(Tue) |
| Pages 2 x 4                                          | 2             | 2             | 2             | 2             |
| Press Start                                          | 01/10/09(Sat) | 02/07/09(Sat) | 03/14/09(Sat) | 04/11/09(Sat) |
| ASSEMBLY                                             |          |          |          |          |
| Assemble With                                        | A9-0797       | A9-0798       | A9-0799       | A9-079A       |
| Cutter Start                                         | 01/13/09(Tue) | 02/10/09(Tue) | 03/17/09(Tue) | 04/14/09(Tue) |
| Due from Custom/Sheet                                | 01/16/09(Fri) | 02/13/09(Fri) | 03/20/09(Fri) | 04/17/09(Fri) |
| Quantity                                             | 6,500,000     | 6,500,000     | 6,500,000     | 6,500,000     |
|                                                 |          |          |          |          |
| Quad/Graphics, Inc.Schedule forPLAYBOY - QD - PLA536 |          |          |          |          |
|                                                 |          |          |          |          |
| ISSUE NAME                                           | Jul-09        | Sep-09        | Oct-09        | Nov-09        |
| JOB NUMBER                                           | A90C570       | A90C580       | A90C590       | A90C5A0       |
| TIME ZONE                                            |          |          |          |          |
| BATCH/FORM #                                         |          |          |          |          |
| Page Files Due at Quad                               | 05/01/09(Fri) | 07/03/09(Fri) | 07/31/09(Fri) | 09/04/09(Fri) |
| Proofs Due Out to Customer                           | 05/05/09(Tue) | 07/07/09(Tue) | 08/04/09(Tue) | 09/08/09(Tue) |
| Proofs Due Back at Quad                              | 05/07/09(Thu) | 07/09/09(Thu) | 08/06/09(Thu) | 09/10/09(Thu) |
| Final Approval                                       | 05/08/09(Fri) | 07/10/09(Fri) | 08/07/09(Fri) | 09/11/09(Fri) |
| Plate Ready Files due at Quad                        | 05/08/09(Fri) | 07/10/09(Fri) | 08/07/09(Fri) | 09/11/09(Fri) |
| PRESS                                                | CARDS         | CARDS         | CARDS         | CARDS         |
| Print Order Due                                      | 05/05/09(Tue) | 07/07/09(Tue) | 08/04/09(Tue) | 09/08/09(Tue) |
| Pages 2 x 4                                          | 2             | 2             | 2             | 2             |
| Press Start                                          | 05/09/09(Sat) | 07/11/09(Sat) | 08/08/09(Sat) | 09/12/09(Sat) |
| ASSEMBLY                                             |          |          |          |          |
| Assemble With                                        | A9-079C       | A9-079E       | A9-079F       | A9-079H       |
| Cutter Start                                         | 05/12/09(Tue) | 07/14/09(Tue) | 08/11/09(Tue) | 09/15/09(Tue) |
| Due from Custom/Sheet                                | 05/15/09(Fri) | 07/17/09(Fri) | 08/14/09(Fri) | 09/18/09(Fri) |
| Quantity                                             | 6,500,000     | 6,500,000     | 6,500,000     | 4,000,000     |

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| Quad/Graphics, Inc.Schedule forPLAYBOY - QD - PLA536 |          |          |          |
|------------------------------------------------------|---------------|---------------|---------------|
|                                                 |          |          |          |
| ISSUE NAME                                           | Dec-09        | Jan-10        | Feb-10        |
| JOB NUMBER                                           | A90C5C0       | A90C5D0       | A90C5E0       |
| TIME ZONE                                            |          |          |          |
| BATCH/FORM #                                         |          |          |          |
| Page Files Due at Quad                               | 10/02/09(Fri) | 10/30/09(Fri) | 12/04/09(Fri) |
| Proofs Due Out to Customer                           | 10/06/09(Tue) | 11/03/09(Tue) | 12/08/09(Tue) |
| Proofs Due Back at Quad                              | 10/08/09(Thu) | 11/05/09(Thu) | 12/10/09(Thu) |
| Final Approval                                       | 10/09/09(Fri) | 11/06/09(Fri) | 12/11/09(Fri) |
| Plate Ready Files due at Quad                        | 10/09/09(Fri) | 11/06/09(Fri) | 12/11/09(Fri) |
| PRESS                                                | CARDS         | CARDS         | CARDS         |
| Print Order Due                                      | 10/06/09(Tue) | 11/03/09(Tue) | 12/08/09(Tue) |
| Pages 2 x 4                                          | 2             | 2             | 2             |
| Press Start                                          | 10/10/09(Sat) | 11/07/09(Sat) | 12/12/09(Sat) |
| ASSEMBLY                                             |          |          |          |
| Assemble With                                        | A9-079J       | A9-079K       | A9-079L       |
| Cutter Start                                         | 10/13/09(Tue) | 11/10/09(Tue) | 12/15/09(Tue) |
| Due from Custom/Sheet                                | 10/16/09(Fri) | 11/13/09(Fri) | 12/18/09(Fri) |
| Quantity                                             | 4,000,000     | 4,000,000     | 6,500,000     |

| ADDITIONAL CHARGES           |   |
|------------------------------|--------|
| PROCESS QUARK FILES          | *****  |
| PROOFS                       | *****  |
| CHANGE CODE                  | *****  |
| PLATE CHANGE                 | *****  |
| FREIGHT TO LOMIRA, WI        | *****  |
| SKID STORAGE (after 30 days) | *****  |

| Shipping:         | F.O.B., Quad/Graphics' shipping dock. Freight to be billed at cost separately.                                                                                                                                                                                                                                    |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Terms of Payment: | Net 30 days from invoice date, pending approval be Quad/Graphics Inc. Credit Department. Quad/Graphics reserves the right to revise the terms of this proposal if this proposal is not accepted by you within 90 days. All prices are based on material costs at the time of quotation and are subject to change. |

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| QUAD/GRAPHICS, INC.                               | Playboy Enterprises Inc.                            |
|---------------------------------------------------|-----------------------------------------------------|
|                                              |                                                |
| By:     Matilda Isabella | By:     Barbara DeMaria    |
| Title:  Sales Representative            | Title:  Promotion and Operations Director |

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| Magazine Component                                 | Monthly Allowance (Pounds) |
|----------------------------------------------------|----------------------------|
| CoverCenterfoldGravure Body FormsOffset Body Forms |                       |

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| Very truly yours,                 | Approved and accepted this 7th day of April, 2009.     |
|-----------------------------------|--------------------------------------------------------|
|                              |                                                   |
| /s/ David A. Blais                | PLAYBOY ENTERPRISES, INC.                              |
|                              |                                                   |
| David A. Blais                    | By:  /s/ Howard Shapiro                      |
| Senior V.P. of Sales & Admin. | Name:  Howard Shapiro                        |
| Quad/Graphics, Inc.               | Title:    Executive Vice President |
|                              |                                                   |

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| Magazine – 11 issues                                                         | Annual Tonnage | Average Issue Tonnage |
|------------------------------------------------------------------------------------|----------------|-----------------------|
|                                                                               |           |                  |
| Cover                  |           |                  |
| *****                                                                              | *****          | *****                 |
|                                                                               |           |                  |
| Body #1                |           |                  |
| *****                                                                              | *****          | *****                 |
|                                                                               |           |                  |
| Body #2                |           |                  |
| *****                                                                              | *****          | *****                 |
|                                                                               |           |                  |
| Centerfold             |           |                  |
| *****                                                                              | *****          | *****                 |
|                                                                               |           |                  |
| Regional               |           |                  |
| *****                                                                              | *****          | *****                 |
|                                                                               |           |                  |
|                                                                               |           |                  |
| Special Edition - 25 issues                                                        | Annual Tonnage | Average Issue Tonnage |
|                                                                               |           |                  |
| Cover                  |           |                  |
| *****                                                                              | *****          | *****                 |
|                                                                               |           |                  |
| Body                   |           |                  |
| *****                                                                              | *****          | *****                 |

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