July 25, 2003

Mr.          Geoffrey
J. Hibner 4 Walker Lane Boxford, MA 01921

Dear Geoff:

The purpose of this letter is to set
forth the terms of your employment with Banta Corporation as Chief Financial Officer
reporting directly to me. This offer is contingent upon your successful completion of an
employment-related physical including drug screen.

Your base salary will be $330,000 per
year, with a next annual merit review in January 2005. You will participate in
Bantas Economic Profit Incentive Award Plan, and be eligible for a target bonus of
50% of your base salary, subject to Bantas financial results. You will also
participate in Bantas Economic Profit Long-Term Incentive Award Plan and be eligible
for an annual target bonus of 25% of your base salary, payable over a three-year period.
For the 2003-year, we will guarantee, on a pro rata basis, payment of a minimum of 50% of
your target annual and LTIP bonuses.

Upon joining Banta, you will be
granted a non-statutory option to purchase 30,000 shares of Banta common stock under
Bantas 1995 Equity Incentive Plan. This exercise price for the option will be
Bantas closing price on the business day before your first day of employment. You
will be eligible to participate in future option grants to executives as determined by
Bantas Compensation Committee.

To provide you security in the event
of a change of control, you will be offered a three (3) year Key Executive
Employment and Severance Agreement (KEESA). It is understood that prior to any
change in control, as defined in the KEESA, either you or Banta may terminate
your employment at any time. However, in the event that Banta should terminate your
employment other than by reason of disability or for cause (as defined in the
KEESA) prior to a change in control, you will be entitled to a severance payment equal to
one (1) year salary and Banta will continue to provide health insurance for one (1) year.

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Letter to Mr. Geoffrey J.
Hibner July 25, 2003 Page 2

In addition to the above, you will be
entitled to participate in Bantas Pension Plan, Supplemental Pension Plan (SERP),
Incentive Savings Plan, and Deferred Compensation Plans, as well as the medical, dental,
disability, and life insurance programs of the Corporation. You will be entitled to a
company car, club membership, and financial counseling, some portion of which will be
taxable income to you under present laws.

Banta will pay or reimburse you for
all of your moving expenses, per our Executive Policy Tier I, in moving to the Menasha
area. Banta will pay you a one-time relocation allowance of $25,000  which will be
grossed up  to cover other miscellaneous relocation costs. In addition, Banta is
willing to purchase your home, or arrange for its purchase by a third party, at its
appraised value in accordance with Bantas policy. Banta will also cover temporary
living expenses in Menasha.

Geoff, I cant tell you how
excited and enthusiastic I am about the prospect of your joining Banta as our new Chief
Financial Officer. This is a particularly exciting time in our company. I know you will
make a terrific business and strategic partner for me and will be a wonderful addition to
our team, and will contribute significantly to shaping Bantas future growth and
success.

I look forward to your positive
response.

Best regards,

/s/ Stephanie A.
Streeter

Stephanie A. StreeterPresident and Chief
Executive Officer

SAS/ajm

Enclosure

The forgoing is agreed to this
__________ day of ______________, 2003.

______________________________________________Geoffrey J. Hibner