Document:

Printing Agreement between American Media and Quad Graphics, Inc.

 Exhibit 10.3 
  
 PRINTING AGREEMENT 
 (the “Agreement”) 
 BETWEEN 
 AMERICAN MEDIA, INC. 
 AND 
 QUAD/GRAPHICS, INC. 
  
 AMERICAN MEDIA INC. (hereinafter referred to as “Publisher”), a corporation organized and existing under the laws of the State of Delaware and QUAD/GRAPHICS, INC., a corporation organized and existing under the laws of the State
of Wisconsin (hereinafter referred to as “Printer”), do hereby agree upon the following terms and conditions: 
  
 W I T N E S S E T H 
  
 WHEREAS, Publisher wishes to contract with Printer for certain printing and production services to be provided with respect to the publication of Star magazine
(the “Magazine”) more particularly described herein; and 
  
 WHEREAS,
Printer wishes to provide such services to Publisher, on the terms and conditions hereof. 
  
 NOW, THEREFORE, the parties hereby agree as follows: 
  
 ARTICLE I 
 Statement of Work 
  

	1.01	Work. Subject to the provisions hereinafter set forth in this agreement and the exhibits annexed hereto and incorporated herein (together the “Agreement”):

  

			
	 Exhibit A:
	  	Star Magazine Projections
	 Exhibit B:
	  	Specifications
	 Exhibit B-1:
	  	Digital Data Standards and Proofing Specifications
	 Exhibit C:
	  	Price Schedule & Paper Requirements
	 Exhibit D:
	  	Yield Variance Determination
	 Exhibit E:
	  	Production Schedules
	 Exhibit F:
	  	Quality Exhibit, Defect Criteria
	 Exhibit G:
	  	Paper Specifications
	 Exhibit H:
	  	Ink Coverage Exhibit
	 Exhibit I:
	  	Sample Pro Forma Invoice
	 Exhibit J:
	  	Quality Control Standards
	 Exhibit K:
	  	Printer’s Holiday Schedule

  
 Excluding Adjustable
Work that may be performed on the West Coast by a commercial printer as described below and excluding work on the Magazine that is performed by any other printer with respect to work that was previously performed by a Terminated Plant, Publisher
shall require of Printer and Printer shall be obligated and exclusively entitled during the Term to do or arrange for (i) all preliminary work on the Magazine that Publisher currently requires or may 

  

	***	Selected confidential information has been omitted from this Exhibit 10.3 pursuant to a request for confidential treatment filed separately with the Securities and Exchange
Commission. 

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from time to time require, and (ii) platemaking, printing, binding, finishing, and mailing and newsstand preparation and loading as required for the
production of the Magazine in accordance with the specifications set forth in Exhibit “B”, as the same may be modified as hereinafter permitted. Printer shall furnish all necessary materials and supplies therefor except those that
Publisher, pursuant to the terms hereof, furnishes. Notwithstanding any provision hereof to the contrary, Publisher may shift the Adjustable Work to another commercial printer if there is a change to the method of distributing the Adjustable Work
currently used by Publisher and Publisher provides an officer’s certificate that such change would otherwise result in a significant increase in distribution costs to Publisher. The services and the obligations undertaken to be performed by
Printer under this Article 1.01 are hereinafter referred to as the “Work”. “Adjustable Work” is work that relates solely to those copies of the Magazine (the number of which shall not exceed ***) that are projected to be printed
at the Oklahoma Plant and sent to Publisher’s Colorado distribution hub. 
  

	1.02	Furnished Material. Publisher shall have the right to supply Printer, in a form suitable for binding or application, one or more pre-printed advertiser or editorial inserts,
signatures, wraps, bind-in cards, blow-in cards or dot whacks which Printer shall insert into or apply onto, issues of the Magazine as directed by Publisher. Such furnished material will be stored without charge for *** after receipt by Printer.
Furnished material stored for over *** shall be subject to the skid storage charge specified in Exhibit “C”. Costs resulting from the use of furnished material will be billed to Publisher in accordance with the prices in Exhibit
“C”, or if such prices are not included in Exhibit “C”, at the prices agreed to by Printer and Publisher prior to the printing of the furnished material and their delivery to Printer. Such prices shall be developed using the same
methodology and criteria as were used to establish the prices set forth in Exhibit “C”, the Price Schedule. 

  
 ARTICLE II 
 Term 
  

	2.01	Term. Subject to the terms and conditions of this Agreement, the term of this Agreement shall commence as of March 26, 2004 with the production of the April 12, 2004 issue of
the Magazine as directed by Publisher and end with the production of the April 7, 2014 issue of the Magazine, or equivalently, the issue with a production cycle starting on or about March 21, 2014 (the “Initial Term”). Publisher has the
exclusive right to extend the Term of this Agreement pursuant to Articles 2.02 and 2.03 below. When used herein, “Contract Year” shall refer to each 12-month period commencing April 1 during the Term hereof. 

  

	2.02	Right to Extend Initial Term. At any time prior to April 1, 2013, Publisher may, in its sole discretion, extend this Agreement for two (2) additional years (the
“Extended Term” and any such Extended Term, if any, together with the Initial Term and any Further Extended Term shall constitute the “Term”) by notifying Printer in writing of its intent to so extend the Initial Term.

  
 If Publisher chooses to exercise its right to
extend the Initial Term as provided in this Article 2.02 and upon written notification to the Printer as such, Publisher agrees that any Breach that has occurred prior to the date of such written notification shall be considered cured and shall not

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

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apply towards Publisher’s termination rights (i.e. re-setting the calendar to begin as of the date of Publisher’s extension letter). 
  

	2.03	Right to Extend Beyond Extended Term. Provided Publisher has exercised its right to extend the Term of this Agreement beyond the Initial Term pursuant to Article 2.02, and
Printer is given no less than one year’s advance notice prior to this Agreement’s then current expiration date, Publisher has the exclusive right, but not the obligation, to further extend the Term in increments of a minimum of one year
terms but not to exceed five years in total (“Further Extended Terms”). By way of example only, Publisher may extend the Term (after the Extended Term) for up to five consecutive one year terms or for one five year term or for a two, three
or four year term. In consideration of the Further Extended Terms, Printer will implement a reduction in the then current manufacturing prices in Exhibit “C”, not to include ink or, if applicable, paper or freight. The price reduction will
be effective commencing with the first day of the first Further Extended Term. The price reduction shall be calculated by multiplying the number of years plus any fraction of a year, of the corresponding extension, by *** percent. Printer shall
remain entitled to implement the annual price adjustment, pursuant to the provisions of Article 7, on April 1st of each year. If Publisher exercises its aforementioned right to extend the Term of this Agreement (after the Extended Term) by less than
the five-year maximum, then Publisher’s rights under this Article shall continue, subject to a cumulative maximum extension of five years and a cumulative maximum price reduction of *** percent (***%). In any event, this Article does not give
Publisher the exclusive right to extend the Term of this Agreement beyond production of the issue with a publication date later than the first week of April 2021. 

  
 ARTICLE III 
 Quantity of Work 
  

	3.01	Representative Magazine Pages and Print Orders. The paginations set forth in Exhibit “A” and the representative production schedules set forth in Exhibit
“E” have been established on the basis of estimates for the Magazine’s estimated printed pages and print order for the first Contract Year. 

  
 As more particularly described herein, Publisher reserves the right to adjust upward or downward the Exhibit “A”
estimates of printed pages and print order for the aforementioned Contract Year and to update Exhibit “A” for subsequent Contract Years, provided that this provision does not give Publisher the right to decrease estimates due to
contracting with other printers to perform the Work (excluding Adjustable Work that may be moved from the Oklahoma Plant in accordance with Section 1.01 and excluding work on the Magazine that is performed by any other printer with respect to work
that was previously performed by a Terminated Plant). 
  
 The
purpose of Exhibit “E”, the production schedule, is to demonstrate the agreed to parameters within which both parties are to work. 
  

	3.02	 Forecasts. Within thirty (30) days after the commencement of this Agreement and from time to time thereafter (but no less than once per Contract Year and in
any case at least thirty (30) days prior to the end of the period covered by the previous forecast), Publisher shall submit to Printer an updated forecast for the next twelve (12) months for the Work hereunder, including without 

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

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limitation, the Magazine’s print orders, pages, and mailing and newsstand dispatch dates. Within thirty (30) days of receipt of such updated forecast,
Printer shall develop the necessary manufacturing schedules for the production of the Work forecasted for the next twelve (12) months. Publisher may update such forecast at any time during the Term. 

  

	3.03	Publisher Changes in Specifications. If at any time Publisher desires to make commercially reasonable material changes in the specifications set forth in this Agreement,
including but not limited to a request by Publisher to incorporate new technology contemplated by Article 21, addition or deletion of an issue date, special insert requirements, changes in the number of pages, 5% print order variation, special color
requirements, testing requirements, trim size change, binding methodology, Publisher will give Printer reasonable advance notice in writing of such change(s) prior to the commencement of Work on the issue of the Magazine affected thereby and Printer
will accommodate Publisher’s request(s) and cooperate with Publisher in putting such changes into effect. 

  
 In the event any such change results in an increase or decrease in the cost of performing the Work the prices for the Work shall be adjusted to fairly
reflect such increase or decrease. Any new price categories required by reason of such change shall be developed using the same methodology and criteria as was used to establish the prices set forth in Exhibit “C”, the Price Schedule. In
addition, should such change result in Printer’s inability to use any materials on hand or ordered for Publisher in the production of Publisher’s Work, Publisher will pay Printer reasonable costs associated with such materials and their
disposition provided that Printer delivers to Publisher appropriate documentation supporting such costs. 
  
 If the change(s) requested by Publisher is not within the reasonable capacity and performance capabilities of Printer’s existing equipment, its
schedule and labor force, then within thirty (30) days after Publisher requests such change(s), Printer shall (i) notify Publisher if it is unable or unwilling to make the requested change(s), or (ii) present Publisher with a commercially reasonable
plan to implement such change in the Plant(s) and include a timeframe for implementation. If Printer is unable or unwilling to accommodate a change under this Article 3.03, or should Printer fail to implement the requested change(s) within the
implementation time frame, then Publisher shall have the right to terminate this Agreement upon one hundred eighty (180) days written notice to Printer. 
  
 Notwithstanding anything to the contrary in this Agreement, Publisher shall not be subject to rate increases as a result of any decrease in print order or
any decline in the number of pages or frequency affecting the Magazine, unless or until the weekly print order for one of the Plant(s) is *** or fewer completed Magazines. 
  

	3.04	 Production Schedules/Plans/Changes. The production schedules included as Exhibit “E” reflect the current understanding between Publisher and
Printer on the production schedules at the four printing facilities scheduled to perform the Work. Provided Publisher gives Printer reasonable advance written notice, Printer shall use its commercially reasonable efforts to accommodate changes in
production schedules, including but not limited to changes in print order and pages as required by Publisher. Printer shall schedule the most cost efficient manufacturing configuration by maximizing the use of the 48-page press form equipment to
produce the Work based on the 

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

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prices in Exhibit “C”, the initial Magazine projections in Exhibit “A”, and the Production Schedule in Exhibit “E”. If Printer
chooses to produce the Work using less cost effective equipment than the agreed upon manufacturing platform indicates (while adhering to the agreed upon dispatch schedules), then Printer’s invoice and paper consumption requirements shall
nevertheless reflect the most cost efficient manufacturing plan. 

  
 Printer acknowledges and agrees that Publisher may add up to *** pages up to *** before press start and that Publisher may add from *** to *** pages up to *** before press date. Printer agrees to implement such
changes at the prices and paper requirements set forth in Exhibit “C”, the Price Schedule and Paper Requirements. 
  
 Production operations taking place on a scheduled holiday of Printer, as set forth in Exhibit “K”, shall be subject to the holiday premiums set
forth in the Price Schedule in Exhibit “C”. Notwithstanding the foregoing, if Publisher provides to Printer at least thirty (30) days prior to a holiday an adjustment to the production schedule in order to avoid production on such holiday
by Printer (where such adjustment is within Printer’s production capacity and does not conflict with Printer’s regular schedule) and Printer is unable to accommodate such adjustment and produces on a holiday, despite reasonable efforts to
find alternative production scenarios, then the parties agree to equally share the holiday premiums. 
  

	3.05	Overruns or Underruns. For all product manufactured by Printer, Publisher will accept *** under-runs. There will also be a *** overrun allowance for all Work performed by
Printer for Publisher. 

  
 ARTICLE IV 
 Quality of Work 
  

	4.01	Performance. Printer acknowledges that all services Printer undertakes to provide under this Agreement (including but not limited to the printing, binding, and mailing and
newsstand preparation and loading in accordance with the specifications set forth in Exhibit “B”) and Printer’s timely adherence to the production schedules set forth in Exhibit “E” (which may be amended by mutual consent,
from time to time) are of the essence of this Agreement and a major factor in inducing Publisher to enter into this Agreement. 

  
 Printer warrants that the print production quality of all cover and text pages, along with binding and finishing quality of all Work shall be performed in
a competent, efficient and workmanlike manner and in accordance with the highest quality print industry standards. Notwithstanding the foregoing, the finished quality shall be subject to variation to the extent caused by any materials (including
paper) supplied by the Publisher and any such variation will not be deemed a Breach hereunder. Printer also warrants that the completed product produced hereunder shall be of a standard of quality substantially equal to that exemplified by Exhibit
“J”, Quality Control Standards for Printer. Because of differences in equipment and processes, and reasonable manufacturing variances due to normal production operations which are established by trade customs generally accepted in the
printing industry, delivery of Work with reasonable variations in color between proofs and the completed job, or other similar manufacturing variances, shall not be deemed a Breach hereunder. 
  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

 Page 5 of 25 

 In addition, Exhibit “F” sets forth defects in print and binding quality which the Publisher
considers unacceptable and not in conformity with Printer’s warranty described in the preceding paragraph. Items to be considered by Publisher for measuring the quality of the printed product shall include, without limitation, the following:

  

			
	 1.
	  	Inking levels
	 2.
	  	Registration of all colors
	 3.
	  	Doubling, slurring of printed dot formation
	 4.
	  	Moire’s
	 5.
	  	Adherence to SWOP standards
	 6.
	  	Color balance
	 7.
	  	Print contrast
	 8.
	  	Color match to supplied color guidance
	 9.
	  	Margins, trimming and binding
	 10.
	  	Bundling and Packing
	 11.
	  	Adherence to the Magazine’s print order

  
 Printer will place
special attention and emphasis on all pages which the Publisher has designated as “Critical Reproduction”, (either editorial or advertising), i.e.: cover forms, crossover spreads, and page(s) which contain special or match colors.
Publisher will alert Printer in writing (whether by mail, courier, facsimile or email) prior to actual press date of all “Critical Reproduction” pages. Publisher agrees to provide on-line proof approval on pages that Publisher has
identified as Critical Reproduction pages. Prior to and during the actual printing of the issue, Printer will advise Publisher of any situation which could have, or is in fact having, a material adverse effect on the overall print quality.

  
 Exhibit “F” will be mutually reviewed and revised
by the parties once each calendar year, to include specific and definitive examples of the Publisher’s standards during the Term, together with a statement of comments by Publisher reasonably setting forth what Publisher deems unacceptable
print quality as described above. Publisher shall provide the revised Exhibit “F” to Printer promptly upon completion of said revisions whereupon the revised Exhibit “F” shall be deemed incorporated in this Agreement in
replacement of the immediately prior version. 
  
 Printer
warrants that the Work shall be performed in accordance with the Production Schedule subject, however, to the timely submission by Publisher or suppliers of the materials required to be furnished by Publisher. If it becomes necessary for Printer to
incur additional standard billable charges, including without limitation those relating to overtime, additional labor, press holding, stitcher holding, plates, press stops, press make readies, and/or stitcher make readies (collectively, “Delay
Charges”), that directly result from a delay in the receipt by Printer of files, paper, inserts or wraps, delivery instructions, or from a failure by Publisher or any of its agents or contractors to perform any operation which Publisher is
required to perform hereunder (and such delay in receipt of materials or such failure to perform is not primarily the result of any act or omission of Printer), Printer may charge, and Publisher shall pay, such Delay Charges that are actually and
reasonably incurred by Printer; provided that (i) Printer uses commercially reasonable efforts to avoid incurring such Delay Charges, and (ii) Printer notifies Publisher (first by using best efforts to reach Publisher by live telephone conversation
and then, in any case, by 

  

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email) as soon as practicably feasible of any such delay in the receipt of materials and any such failure to perform. Printer agrees that it will attempt to
so notify Publisher as soon as practically feasible or within at least ten (10) hours of the time at which Printer assigns the paper and/or inserts to the specific print job for which the Delay Charges would apply. No Delay Charges will be incurred
without advance written approval from Publisher. In the absence of Publisher’s approval of the Delay Charges, delivery of the Work will be made as promptly as practicable consistent with Printer’s then available capacity and any failure to
meet the Production Schedule in such situations will not be deemed a Breach of this Agreement so long as Printer notifies Publisher of the need for Delay Charges as soon as practicably feasible. 
  
 If Delay Charges are the direct result of any delay by Printer or suppliers
of the materials required to be furnished by Printer or in order to fulfill Printer’s commitments per the Production Schedule, Exhibit “E”, such overtime shall be at Printer’s expense. To the extent Publisher incurs increased
distribution costs as a result of Printer’s default of its obligations under this Agreement, Printer shall be liable for the commercially reasonable excess freight charges incurred by Publisher to meet on sale requirements, provided Publisher
uses commercially reasonable efforts and cannot meet said requirements without incurring additional charges. 
  

	4.02	[Intentionally left blank] 

  

	4.03	Reimbursements for Ad Reproduction and Editorial Defects. Except with respect to Quality Breaches or Shipping and Mailing Breaches related to customer supplied inserts,
Publisher’s sole and exclusive remedy for any Quality Breach or Shipping and Mailing Breach shall be to recover Printer’s invoiced manufacturing costs related to the defective page(s) or partial page (if associated with a fractional size
ad) plus applicable paper costs; provided, however, that nothing in this paragraph shall diminish Publisher’s right to: (i) be indemnified by Printer in accordance with Section 10.01, and (ii) count any such Quality Breach or Shipping and
Mailing Breach as a Breach for purposes of determining whether Publisher may terminate this Agreement. The manufacturing cost per page (or partial page) shall be determined by dividing the total invoiced manufacturing cost of the issue (i.e.
printing, ink, and binding) plus applicable paper costs, by the total number of pages in a copy of the issue to determine the cost per page. With respect to Quality Breaches or Shipping and Mailing Breaches related to customer supplied inserts,
Publisher’s sole and exclusive remedy for such Quality Breach or Shipping and Mailing Breach shall be to recover Printer’s invoiced manufacturing cost relating thereto; provided, however, that nothing in this paragraph shall diminish
Publisher’s right to: (a) be indemnified by Printer in accordance with Section 10.01, and (b) count any such Quality Breach or Shipping and Mailing Breach as a Breach for the purpose of determining whether Publisher may terminate this
Agreement. For ad reproduction defects, Printer shall not be liable to Publisher for cash rebates given by Publisher to an advertiser for defective page(s) or insert(s) that exceeds the manufacturing credits described above.

  

	4.04	Limitation of Damages. Except as to the indemnification provisions set forth in Sections 10.01 (b) and (c) and 10.02 (b) and (c) of this Agreement, neither party shall be
liable to the other party for any consequential, indirect, incidental, punitive or special damages, including without limitation, the loss of income, or revenue, or profits for any reason, whether rising out of breach of this Agreement, tort or any
other theory of law or equity.  

  

 Page 7 of 25 

	4.05	Notices of Breach. Publisher shall notify Printer in writing of each Quality Breach or Shipping and Mailing Breach within thirty (30) days from the applicable “on
sale” date of the issue of the Magazine affected by such Breach, and Publisher shall identify, with reasonable specificity, the nature of such Quality Breach or Shipping and Mailing Breach. Publisher shall notify Printer in writing of each
Performance Breach or Severe Breach within thirty (30) days of becoming aware of such Breach, and Publisher shall identify, with reasonable specificity, the nature of such Performance Breach or Severe Breach. Publisher’s failure to notify
Printer of any specific Breach within such specified period will constitute an acceptance of the Work affected by such Breach (if any) and a waiver of the specific occurrence of such Breach, and Publisher will not be able to count such Breach for
the purpose of termination hereunder; provided, however, that nothing in this paragraph shall diminish Publisher’s right to: (i) be indemnified by Printer in accordance with Section 10.01, and (ii) count any subsequent occurrence of such Breach
for the purpose of determining whether Publisher may terminate this Agreement (provided that Publisher gives notice of such subsequent occurrence of such Breach to Printer in accordance with this paragraph). Notwithstanding the foregoing, if the
exact same Breach is repeated more than once in any thirty (30) day period, then no specified previous occurrence of such Breach shall be deemed to have occurred unless Publisher has provided Printer with written notice of such specified previous
occurrence on or before the applicable “file due date” of the issue of the Magazine containing any subsequent occurrence of such Breach. 

  

	4.06	Definitions of Breach. For the purposes of this Agreement, the following capitalized terms shall have the following meanings: 

  
 “Quality Breach” shall mean the occurrence of one or more of the
following in a material number of copies of any issue of the Magazine if caused primarily by Printer’s acts or omissions: (i) primary press defect (more particularly defined in Exhibits “F” and “J”); (ii) a major finishing
defect (more particularly defined in Exhibits “F” and “J”); or (iii) any other breach of Printer’s obligations, representations or warranties hereunder which affects the quality or timeliness of the Work. 
  
 “Shipping and Mailing Breach” shall mean Printer’s tender of
materially less than the pre-arranged number of copies of the Magazine (where the “pre-arranged number of copies” refers to subscription copies, newsstand copies and “comp” copies separately as well as in the aggregate) for
delivery at Printer’s dock within *** of the dispatch times shown on the Production Schedule, provided that such failure is not the result of (i) a Force Majeure Event or (ii) any act or omission of Publisher or its agents or contractors,
including without limitation Publisher’s failure to provide Printer with electronic page files landing at Printer’s site, inserts or other materials needed to produce an issue in accordance with the dates and times on Publisher’s
production schedules. It is understood and agreed that, for any particular issue of the Magazine, more than one (1) Shipping and Mailing Breach occurring at an individual plant shall be deemed to constitute only one (1) Shipping and Mailing Breach
for such issue at such plant. 
  
 “Performance Breach”
shall mean any material breach of any of Printer’s obligations, representation or warranties hereunder which is not a Quality Breach or a Shipping and Mailing Breach. 
  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

 Page 8 of 25 

 “Breach” shall mean any of the following breaches: Quality Breach; Shipping and Mailing Breach;
and/or Performance Breach. 
  
 “Severe Breach” shall
mean any one or more of the following if primarily caused by an act or omission of Printer: (i) pages from another publication mistakenly bound into a material number of copies of the Magazine; (ii) pages from the Magazine mistakenly bound into a
material number of copies of another publication; (iii) if and only if the Magazine is saddle-stitched, a signature mistakenly bound upside down into a material number of copies of the Magazine; (iv) missing shipping or mailing deadlines for a
material number of copies of the Magazine by more than ***; (v) any Breach which results in actual or threatened litigation where the aggregate amount of out-of-pocket legal expenses incurred by Publisher plus damages paid by Publisher to a third
party upon judgment or as settlement of threatened litigation exceeds $***, and/or (vi) any material breach of Printer’s confidentiality obligations hereunder which directly causes Publisher significant, supportable damages, including but not
limited to damage to reputation, lost profits, claims and lawsuits or material costs. 
  

	4.07	Termination for Breaches. Publisher may terminate this Agreement upon one hundred eighty (180) days prior written notice to Printer if: (i) there are at least *** Breaches in
any consecutive *** period, or (ii) there are at least *** Severe Breaches in any consecutive *** period. 

  
 Publisher may require Printer to cease performing Work at any plant of Printer if there are at least *** Breaches relating to Work performed by such plant
in any consecutive *** period (such plant is referred to as the “Terminated Plant”). Publisher must give Printer at least one hundred eighty (180) days prior written notice of such required cessation. 
  
 With respect to Publisher’s right to terminate this Agreement or to
require a plant to cease performing Work, Publisher must exercise such right within one hundred eighty (180) days of the date of the notice provided to Printer of the Breach which gives rise to such right. If such right is not exercised by Publisher
within such time frame and the right arises due to there being *** Severe Breaches in a consecutive *** period, then the earlier of the *** Severe Breaches giving rise to such claim will be deemed waived by Publisher and may no longer be counted
toward determining whether Publisher has a right to terminate under Section 4.07 clause (ii). 
  

	4.08	Fitness of Materials. Printer shall assume no responsibility for the condition or fitness of materials supplied by Publisher or Publisher’s prepress vendors (other than
Printer’s prepress facility) for printing or binding, unless (i) Publisher has requested Printer in writing and Printer has agreed, at Printer’s standard rates, to inspect such materials and to make such corrections, repairs, replacements
or substitutions that Printer may recommend and such materials are in fact able to be repaired, replaced or substituted by Printer such that Printer can still fulfill its obligations hereunder; or (ii) the materials supplied by Publisher become
damaged while in Printer’s custody, possession and control (with respect to which the provisions of Articles 9 and 22 shall be applicable). 

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

 Page 9 of 25 

	4.09	Timeliness of Dispatches. To meet critical newsstand On Sale dates, Printer shall load skids with bundles of newsstand copies onto trucks on or before the dispatch times
shown on Publisher’s Production Schedules (Exhibit “E”), such dispatches to be made without interruption during the shipping period so that all newsstand copies are en route to breakup agents or wholesalers in the least possible time.
Both parties acknowledge that time is of the essence of all aspects of this Agreement. Printer’s failure to meet the obligations set forth in this paragraph shall be considered a Breach only if such failure results in a Shipping and Mailing
Breach. 

  
 ARTICLE V 
 Paper 
  

	5.01	Publisher Furnished Paper. Publisher shall furnish F.O.B. Printer’s plant as set forth in the applicable production schedule, paper in rolls, prepared and identified in
accordance with the reasonable mechanical specifications and delivery requirements set forth in Exhibit “G”. If paper that does not meet the specifications set forth on Exhibit G or that is otherwise substandard and/or defective
(“Non-conforming Paper”) is used or received by Printer which adversely affects or, if used, might reasonably be expected to adversely affect runability or printability, Printer will provide prompt notification to Publisher (i) by using
best efforts to reach Publisher by live telephone conversation (i.e., not voicemail), upon discovery of such substandard or defective conditions, and (ii) in writing (whether by courier or facsimile), within three (3) business days of discovery of
such, non-conforming, substandard or defective conditions. If, after such telephone notification, Publisher requests, in writing, for Printer to continue using or to use the Non-conforming Paper to perform the Work and Printer incurs extra cost as a
result thereof, Printer shall promptly notify Publisher in writing of such extra cost and thereafter such cost will be charged to and paid by Publisher. Printer shall give to Publisher all reasonable assistance as Publisher may request to assist
Publisher in recovering for damage or defect. Steel cores shall remain the property of Publisher and, if not damaged so as to be unusable, shall be loaded in cars and returned to the respective mills by Printer at Publisher’s direction and
expense. Printer shall perform the following paper management functions, including: receiving and providing a cursory inspection of paper, and notifying Publisher of the quantities received; maintaining paper inventory records; shipping cores back
for credit; submitting periodic inventory reports to Publisher; developing paper requirements and paper required dates; and, at Publisher’s request, filing claims for damaged or defective paper. With regard to Printer’s responsibility for
developing paper requirements, Printer shall submit to Publisher projections for each issue’s paper requirements (including basis weight, pounds, web width and paper due date for each requirement) based on the paper consumption allowances
listed in Exhibit “C” and Publisher’s production schedule promptly after Printer receives from Publisher the information necessary to produce such paper projections. Printer shall update said paper requirement projections at
Publisher’s request and just prior to each month’s LDC. In the event there is a discrepancy between Printer’s projected requirements and Publisher’s projections or Publisher’s representative’s projections, then Printer
shall assist Publisher and Publisher’s representative(s) in reconciling such discrepancy. Publisher will be solely responsible for issuing purchase orders to its paper suppliers and paying the paper supplier’s invoices.

  
 Printer shall provide data to Publisher of such
substance (including without limitation the receipt, usage and balances of paper) and in such formats (including without limitation papiNet formats) 

  

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as reasonably directed by Publisher; provided that such formats are consistent with widely accepted industry practices. Printer and Publisher agree that it
is in the interest of both parties to engage in solutions which are reasonable in cost and not otherwise restrictive to either party’s overall business interests. 
  

	5.02	Inventory Reports. Printer will maintain a record of all paper received, used and on hand, and shall submit an inventory report to Publisher within three (3) business days of
completion of presswork. This inventory report shall be submitted in a record-keeping format reasonably satisfactory to Publisher and Printer. Printer will maintain an ongoing cycle inventory of Publisher’s paper. Once annually, upon reasonable
advance notice from Publisher, at Printer’s sole cost, Printer will effect a physical inventory of paper and submit to Publisher said inventory report. Printer agrees to use commercially reasonable efforts to keep the wastage of paper to a
minimum. 

  

	5.03	Paper Allowances. Within sixty (60) days after the end of each Contract Year, Printer and Publisher will calculate, for each grade and brand used, the underconsumption or
overconsumption of paper purchased by Publisher for the applicable Contract Year. The paper consumption allowances are specified in Exhibit “C” and are based on net weight, inclusive of all press and binding spoilage, including wrapper and
core waste (excluding the weight of cores). Publisher shall supply such information as may be needed to determine the average price of said paper. The full value of underconsumption of one kind of paper will be used as a credit against the full
value of overconsumption of other kinds of paper (based on dollar value, not weight). 

  
 If in any Contract Year Printer consumes more paper than allowed by Exhibit “C” (i.e., net overconsumption), Printer shall pay Publisher an
amount equal to ***% of the average cost of paper overconsumed during the printing of the Magazine during such Contract Year. If in any Contract Year Printer consumes less paper than allowed by Exhibit “C” (i.e., net underconsumption),
Publisher shall pay Printer an amount equal to ***% of the average cost of paper underconsumed during the printing of the Magazine during such Contract Year. Publisher will continue to own all underconsumed paper. 
  
 Printer will not be responsible for excess paper consumption on
Customer-furnished mill seconds or odd/job lot paper or on Non-conforming Paper. “Mill seconds or odd/job lot paper” is defined as paper sold by the manufacturer to a seconds broker, who resells the paper without a guarantee from the mill
and without a mill brand name on the rolls. If Publisher elects to furnish Non-conforming Paper or odd/job lot or seconds paper, such paper must be suitable for use on high speed 4/color presses, and all paper in a given shipment must originate from
the same mill and have been produced from not more than two mill runs. In the event that such paper is used, the standard contract paper allowance shall be waived and actual consumption of Non-conforming Paper or odd/job lot or seconds paper will
become the standard allowance. Additional expense (lost time and materials) incurred by Printer as a result of the use of such paper will be paid by Publisher. 
  

Printer and Publisher agree to adjust for the variation in the weight of wrappers, headers and cores for foreign paper versus domestic paper.

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

 Page 11 of 25 

	5.04	Storage. Publisher will supply all the paper required for the Magazine. Printer will not charge a storage fee to store Publisher’s paper for up to a cumulative *** day
supply of paper (i.e., the projected consumption requirements for the following *** days which is equivalent to *** weeks). If the overall pounds in inventory for Publisher, across all four plants producing the Work, exceeds the projected
consumption requirements over the following *** weeks, then Printer will be obligated to store such paper and be entitled to charge Publisher for such storage at the rates set forth in Exhibit “C”. The parties shall maintain adequate and
customary insurance for said paper, and Printer’s insurance shall be primary (and shall apply first) and Publisher’s insurance shall be secondary (and shall apply only after Printer’s insurance has been applied).

  

	5.05	Paper Waste. All waste paper and trim waste shall become the property of Printer. 

  

	5.06	Printer Furnished Paper. Publisher may request Printer to supply paper for a special insert that requires a different type of stock, or, on occasion, to furnish paper in case
of shortfall and Printer will use commercially reasonable efforts to supply such paper. 

  
 ARTICLE VI 
 Prices, Rebates and Terms of Payment 
  

	6.01	Prices. The prices for the Work required to be performed by Printer are set forth in Exhibit “C”, as adjusted from time to time pursuant to the provisions of this
Agreement (hereinbefore and hereinafter “Prices”). The Prices are exclusive of sales and other taxes. Any taxes imposed by federal, state or local taxing authorities on sales, manufacturing, processing or selling, will be added to the
Prices and will be paid by Publisher. If there are to be any additional special or testing costs incurred (makereadies, binding, computer processing, overtime, etc.), Printer must provide cost estimates in writing to Publisher and obtain
Publisher’s consent thereto prior to press run. In addition, Printer shall provide Publisher with cost efficient options for performing tests. 

  

	6.02	 Rebates. If the Qualified Amount in any Contract Year equals or exceeds *** dollars ($***), then Printer shall provide Publisher with a rebate equal to ***
percent (***%) of the Qualified Amount. If the Qualified Amount in any Contract Year equals or exceeds ***dollars ($***), then Printer shall provide Publisher with a rebate equal to *** percent (***%) of the Qualified Amount. As used herein,
“Qualified Amount” shall mean the total of all amounts that Printer charges Publisher in any Contract Year for the sum of (a) the Work (excluding all amounts, if any, that Printer charges Publisher for paper, stamps/postage/franking and
transportation services), and (b) any other work that Printer performs for Publisher with respect to publications other than the Magazine (excluding all amounts, if any, that Printer charges Publisher for paper, stamps/postage/franking,
transportation services and work performed for the Weider titles pursuant to that certain Printing Agreement dated as of December 1, 2000 by and between Weider Publications, Inc. and Quad/Graphics, Inc.). All such rebates will be calculated promptly
after the last business day of each Contract Year. The estimated amount of such rebate will be applied in the form of a credit to Publisher’s account no later than thirty (30) calendar days after the last business day of the applicable Contract
Year and the final amount of such rebate will be applied in the form of a credit to Publisher’s account no later than forty-five (45) calendar days 

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

 Page 12 of 25 

	 	 
after the last business day of the applicable Contract Year; provided, however, that for the last Contract Year of the Term (i.e., a Contract Year which will
not be immediately followed by another Contract Year), Printer shall make cash payments to Publisher for (i) the estimated amount of any earned rebate no later than thirty (30) calendar days of the last business day of such Contract Year, and (ii)
the final amount of any earned rebate no later than forty-five (45) calendar days after the last business day of such Contract Year. 

  

	6.03	Terms of Payment. Manufacturing invoices shall be due *** percent (***%) ***, net *** from receipt of hard copy by Publisher. Invoices for printer supplied paper and
miscellaneous manufacturing charges shall be due net *** from receipt of hard copy by Publisher. All freight invoices (including charges for bulk freight) shall be due net *** from receipt of hard copy by Publisher. Invoices shall be due in
accordance with the foregoing sentence provided, however, that all invoices shall be sent electronically using a PDF format with a hard copy sent via overnight delivery to include an original invoice and a copy. Any undisputed portion of an invoice
not paid when due shall be subject to a service charge on past due balances equal to the prime rate as computed by the Wall Street Journal (i.e., the base rate on corporate loans posted by at least 75% of the nation’s 30 largest banks) or the
maximum which may be charged by law, whichever is less. All invoices shall be prepared by Printer using a mutually agreeable format and each issue’s invoice shall include a summary page(s) which shows the totals across all four plants.

  
 Each calendar week during the Term, within
twenty-four (24) hours of such time and day of the week as Printer and Publisher may reasonably agree from time to time, Printer shall deliver to such email addresses as Publisher may reasonably specify from time to time a written statement (the
“Weekly Statement”) which details all current information (as of the close of business of the prior business day) about Publisher’s unpaid invoices, including initial balances, unpaid balances, due dates, number of days past due and
any other information that Printer and Publisher may reasonably agree to include from time to time. Provided that Printer materially complies with its obligation to deliver the Weekly Statement as required herein, if, at any time on or after January
1, 2005, Publisher defaults in timely payment of undisputed invoices in excess of *** dollars ($***) more than *** times hereunder in any consecutive *** period and in each such case Printer provides Publisher with written notice (in accordance with
Section 27.01) of such default within *** of the first day such payment is late, then (i) Printer shall have the right to propose a change in terms of payment and such other actions as it believes in good faith to be necessary to protect its
financial interests; and (ii) Printer’s obligation to perform any additional Work shall be subject to reaching mutual agreement on such revised payment terms and actions. It is understood and agreed that Printer shall have materially complied
with its obligation to deliver the Weekly Statement, as required herein, if any invoice which could potentially be deemed to be in default under this paragraph is noted in at least one (1) Weekly Statement. If any Publisher payment default of an
undisputed amount in excess of *** dollars ($***) continues uncured for more than *** after Printer has provided Publisher with written notice (in accordance with Section 27.01), Printer may terminate this Agreement upon written notice to Publisher.

  

	6.04	 Dispute. Should any portion of an invoice become disputed, Publisher agrees to pay the undisputed portion according to its terms and Publisher will notify
Printer promptly of the 

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

 Page 13 of 25 

	 	 
dispute. Both parties agree to use commercially reasonable efforts to resolve the disputed portion of such invoice within (30) days of learning of the
dispute. 

  

	6.05	Postal Deposits. Publisher shall maintain the necessary deposits for postage to prevent possible delays in mailing. Printer shall advise Publisher if deposits, for any
reason, fail to arrive in time, or are inadequate to cover mailing costs, so that funds can be wire-transferred in time for mailing. 

  

	6.06	Distribution Services. Unless notified otherwise, Publisher shall arrange for distribution services required for the Magazine. There shall be no additional charges (other
than those specified in the pro forma invoices prepared by Printer and included as Exhibit “I”) for Printer to prepare copies for transit, to Publisher’s reasonable specifications, and load those copies onto trucks belonging to
Publisher’s designated vendors. Periodically, Publisher may request Printer to offer a plan(s) for Publisher to use Printer’s pool to ship either the subscription copies or the newsstand copies or both. Printer will respond with such a
plan(s) in a timely manner. If the parties agree to implement any such plan, they will enter into a separate agreement relating thereto. 

  
 ARTICLE VII 
 Price Adjustment

  

	7.01	Price Adjustment. The manufacturing prices contained in Schedule “C” (excluding ink, paper, stamps/postage/franking and transportation services) shall be increased
by the following amounts: (i) *** percent (***%) on ***; and (ii) *** percent (***%) on ***. (It is understood and agreed that the ***% increase on the manufacturing and ink prices shall be made on the manufacturing and ink prices as previously
increased by the earlier ***% increase.) In the event Printer becomes obligated and entitled to provide or arrange for transportation services for Publisher’s Work under this Agreement, then fuel surcharges will be addressed by the parties to
determine the reference and mechanics of such calculation. 

  

	7.02	CPI Price Adjustment. The manufacturing prices set forth in Schedule “C” are based on Printer’s salaries, labor rates, prices of materials, energy, working
conditions and other items affecting the Work to be performed hereunder by Printer as of March 26, 2004. There will be no cost of living adjustment to the manufacturing prices included in Exhibit “C”, except for ink, until ***. On *** and
on each subsequent *** during the Term, Printer will increase (decrease) manufacturing prices by ***% of the percentage increase (decrease) in the Consumer Price Index during the prior twelve-month period as described below. During each December
prior to an adjustment date, Printer shall calculate the percentage change in the “all items” listing (1982-84=100) of the U.S. City Average for All Urban Consumers (CPI-U), as reported by the Bureau of Labor Statistics, U.S. Department of
Labor, for the August immediately preceding the effective date of the price adjustment as compared to that reported for August in the previous year. If the CPI-U as defined above is revised or discontinued, the calculation described herein shall be
made using the price index with which the Bureau of Labor Statistics replaces it. Printer shall furnish Customer with an adjusted Exhibit “C” by *** of each calendar year during the Term. 

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

 Page 14 of 25 

 At the time of each adjustment, if the monthly CPI-U Index increases over the specified prior twelve (12)
months, the prices shall be adjusted upward by the percentage obtained by multiplying the percentage of increase of the CPI-U over the prior twelve (12) months by ***%. At the time of each adjustment, if the CPI-U decreases over the prior twelve
(12) months, the prices shall be adjusted downward by the percentage obtained by multiplying the percentage of decrease of the CPI-U over the prior twelve (12) months by ***%. Should Publisher exercise Publisher’s right to extend this Agreement
beyond the Initial Term, pursuant to the terms of Article 2.02, then all price adjustments after the Initial Term shall be calculated using ***% instead of ***% of the percentage increase (decrease) in the Consumer Price Index. 
  

	7.03	Ink (Other than Fluorescent Ink). All ink (except fluorescent ink) is priced on a *** basis. The ink prices in Exhibit “C” reflect material costs as of the current
date and are based on the ink coverage reflected in the January 27, 2004 issue of the Magazine included as Exhibit “H”. In addition to the price increases set forth in Section 7.01, ink prices may be adjusted periodically to reflect any
subsequent increase or decrease in Printer’s actual unit costs for materials from its suppliers. Printer shall furnish adequate documentation to support any adjustment. Printer shall keep Publisher informed of any industry intelligence that may
impact the cost of ink, provided Printer may do so without breaching any confidentiality obligations it may be bound by and Publisher agrees to maintain the confidentiality of any such information. The failure to give Publisher notice of any price
adjustment before such price adjustment is publicly announced shall not result in a delay in passing on any price adjustment. Notwithstanding the foregoing, Printer agrees that, until ***, the cumulative percentage price increase allowed under this
Section 7.03 shall be limited to the cumulative percentage increase in Printer’s actual unit costs for ink from its suppliers for such period in excess of ***%. Thereafter, price increases or decreases shall be based on the percentage increase
or decrease in Printer’s actual unit costs for ink over the actual unit costs as of ***. 

  

	7.04	Fluorescent Ink. Fluorescent ink shall be charged to Publisher at ***, supporting documentation to be furnished on request. At each of the four designated printing
facilities, Printer shall maintain an inventory of approximately twelve non-process color inks for use on the front cover page, to be specified by Publisher, to allow Publisher to select the specific non-process color for the cover on twelve hours
notice or more. Printer shall provide ink inventory reports of the Publisher specified non-process inks to Publisher on a quarterly basis indicating the shipment of ink has been in inventory and Printer will use reasonable efforts to ensure that
each such quarterly report contains a reasonable notice of ink that will be expiring in the next six (6) months. Non-process colors will be kept in inventory for one year, in accordance with industry standards, and then discarded. Unless requested
by Publisher, Printer shall not reorder replacement ink prior to discarding expired ink. The cost of any such discarded ink will be charged to Publisher. If Publisher requests that expired non-process ink be used by Printer rather than being
discarded, Publisher will be responsible for any additional costs incurred by Printer to the extent caused by the use of such expired ink and Printer will not be responsible for any degradation of quality in the Work to the extent caused by such
expired ink, and any such degradation will not be deemed a Breach hereunder. 

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

 Page 15 of 25 

 ARTICLE VIII 
 Force Majeure 
  

	8.01	Unavoidable Delays. Neither Publisher nor Printer shall be required to perform its obligations under this Agreement, and any failure by Publisher or Printer to perform will
not be deemed a Breach hereunder, to the extent any failure to perform is caused by any act or event that (i) is beyond the reasonable control of and not the fault of the nonperforming party, and (ii) the nonperforming party would have been unable
to avoid or overcome by the exercise of reasonable due diligence (a “Force Majeure Event”). It is understood and agreed that the term “Force Majeure Event” shall not include: (a) the failure or compromised efficiency of equipment
or machinery, or (b) any increase or decrease in prices for commodities or labor. If a Force Majeure Event occurs, Publisher shall have the right to make immediate arrangements for the production of the Magazine by a third party, and Printer shall
have the right to accept other work from third parties until such time as the Force Majeure Event ceases to cause the nonperformance. If the nonperformance continues for a period of ninety (90) days or more, then either party shall have the right to
terminate this Agreement on thirty (30) days written notice. 

  
 If a Force Majeure Event occurs, Printer shall not be required to perform any services specified in this Agreement to the extent impeded by a Force Majeure Event but Printer shall use commercially reasonable efforts
to have all such services performed either at other facilities which it operates or through subcontracting to other printers for the duration of any such occurrence, subject to Publisher’s consent, which shall not be unreasonably withheld or
delayed. Should there be insufficient capacity or shortage of materials due to a Force Majeure Event, Printer shall give priority to its then current contract customers and allocate equipment and material fairly among such contract customers so that
Publisher receives its fair share of resources. 
  
 During any
such period while Publisher’s Work is being done under subcontract by Printer or at other facilities which Printer operates, the Price Schedule shall remain in effect and Printer’s obligations with respect to specifications and quality,
the production schedule, overruns and underruns and storage shall remain in effect. 
  
 Printer will use commercially reasonable efforts in assisting Publisher to obtain completion of the unperformed Work, including, but not limited to, facilitating contacts between Publisher and other printers.
Publisher shall have the right to remove from Printer’s plant any and all material (completed or uncompleted) relating to the Magazine upon written notice of Publisher’s election to have Work done elsewhere. 
  
 ARTICLE IX 
 Insurance 
  

	9.01	 Printer agrees to maintain in effect throughout the Term, Commercial General Liability insurance, with minimum limits of $1,000,000 per occurrence and $3,000,000 in
the aggregate. Coverage shall include Bodily Injury, Contractual Liability, Errors & Omissions, Property Damage, Completed Operations, and statutory worker’s compensation insurance, with carrier ratings of A.X. Best A6 or better, insuring
all of Publisher’s Work which may be in process, and 

  

 Page 16 of 25 

	 	 
all materials furnished by Publisher, against loss or damage at its plants, or other locations, while in Printer’s or designee’s possession and
control, due to water, fire, explosion, windstorm, civil unrest, and other hazards covered under customary extended all-risk policy provisions, subject to the terms, conditions, definitions, exclusions, limits and deductibles of such insurance
policies. Commercial General Liability and Property policies shall extend coverage to Publisher, and shall name Publisher as an additional insured party. Printer shall furnish Publisher with evidence of such insurance from time to time at
Publisher’s request, but not more than once annually. 

  
 ARTICLE X 
 Indemnification 
  

	10.01 	Printer Indemnifications. Printer shall defend, indemnify and hold Publisher, its subsidiaries, affiliates, directors, officers and employees harmless from and against any
and all claims, losses, liabilities, damages, judgments, costs (including reasonable attorney fees and other reasonable expenses) arising from, or in connection with: (a) any negligent act or omission; (b) willful misconduct of Printer or
Printer’s agents; and (c) any third party libel, obscenity, invasion of civil rights, invasion of the rights of publicity or privacy, patent, trademark, copyright or other intellectual property infringement claim (including but not limited to
claims based on text, photographs, illustrations, advertising or any other material) to the extent such claim is based on an error made by Printer in the printing of the Magazine. For the purpose of clarity, Printer and Publisher agree that the
topic, theme, subject matter and editorial content of any page that contains an error made by Printer shall have no effect or consequence in determining the extent to which a claim is based on an error made by Printer in the printing of the
Magazine. 

  

	10.02 	Publisher Indemnifications. Publisher shall defend, indemnify and hold Printer, its subsidiaries, affiliates, directors, officers and employees harmless from and against any
and all claims, losses, liabilities, damages, judgments, costs (including reasonable attorney fees and other reasonable expenses) arising from, or in connection with: (a) any negligent act or omission; (b) willful misconduct of Publisher or
Publisher’s agents; and (c) any third party libel, obscenity, invasion of civil rights, invasion of the rights of publicity or privacy, patent, trademark, copyright or other intellectual property infringement claim, except to the extent such
claim is based on an error made by Printer in the printing of the Magazine. 

  

	10.03 	 Indemnification Procedure. The party seeking indemnification shall promptly notify the other party of such claims. The cost of such defense shall be borne by
the indemnifying party. At the indemnifying party’s option, the indemnifying party may assume the handling, settlement or defense of any such claim or litigation, in which event the indemnified party shall cooperate in the defense thereof, and
the indemnifying party’s obligation with respect thereto shall be holding indemnified party harmless from any damages awarded on account of such claim or any settlement thereof made and approved by the indemnifying party. The indemnified party
shall have the right to participate in such claim or litigation, at its expense, through counsel selected by indemnified party. Notwithstanding any provision of this Agreement, the indemnified party shall not be required to consent to any settlement
that includes an admission of civil or criminal wrong doing in order to obtain or maintain its indemnification rights hereunder. The failure by an indemnified party to notify an indemnifying party shall not relieve the indemnifying party of 

  

 Page 17 of 25 

	 	 
any indemnification responsibility hereunder, provided that such failure does not materially prejudice the ability of the indemnifying party to defend such
claim. 

  

	10.04 	Representations and Warranties. Each party hereto represents and warrants to the other that (a) it is duly organized and incorporated, validly existing and in good standing
under the laws of the state of its organization and incorporation, and duly qualified to do business in any state in which it does business; (b) this Agreement has been duly executed and delivered and constitutes a valid and binding agreement
enforceable against it in accordance with its terms; (c) no authorization or approval from any third party is required in connection with its execution, delivery or performance of this Agreement; and (d) the execution, delivery and performance of
this Agreement do not violate, nor will they cause the violation of the terms and conditions of any other agreement to which it is a party. The representations and warranties set forth herein shall survive the expiration or termination of this
Agreement for a period of two (2) years. 

  
 ARTICLE
XI 
 Confidential Treatment 
  

	11.01 	Printer shall keep confidential the editorial and advertising content (the “Confidential Information”) of all of Publisher’s Work until the Magazine has been shipped
out of the plant. Confidential Information does not include any information that the Printer can demonstrate (a) was known to the Printer before its disclosure hereunder by the Publisher or the Publisher’s agents, or in connection herewith; (b)
is or becomes publicly known through no wrongful act of the Printer; (c) has been rightfully received from a third party whom the Printer has reasonable grounds to believe is authorized to make such disclosure without restriction; or (d) has been
approved for public release by the Publisher’s prior written authorization. Confidential Information may be disclosed pursuant to applicable law, regulations or court order, provided that the Printer provides prompt advance notice thereof to
enable the Publisher to seek protective order or otherwise prevent such disclosure. 

  
 Except as may be required by applicable law and except with respect to each party’s shareholders (in which case such party will be responsible for
any failure to comply with this provision by any such shareholder), the terms, conditions, and prices contained within the body of this Agreement and attached Exhibits and Attachments is for the sole use and benefit of the contracting parties, and
shall remain confidential with respect to all other parties. 
  
 ARTICLE XII 
 Binding Effect 
  

	12.01 	 This Agreement shall inure to the benefit of, and shall be binding upon the parties hereto and their respective successors and assigns, provided, however, that no
assignment hereof shall be made by either party without the prior written consent of the other party (which consent shall not be unreasonably withheld), except that either party may assign this Agreement without such prior consent to any entity,
including but not limited to a corporate affiliate or to any related corporation, that may acquire all or substantially all of such party’s assets (or, in Publisher’s case, all or substantially all of the Magazine). In the event of an
assignment to a corporate affiliate or to any related corporation, the assigning party agrees to provide, upon written request, 

  

 Page 18 of 25 

	 	 
the other party with reasonably sufficient information of the creditworthiness of the corporation assuming such assignment. Should Publisher sell or
otherwise transfer all or substantially all of the Magazine, and should the purchaser or transferee of all or substantially all of the Magazine not assume Publisher’s obligations under this Agreement, then Publisher shall pay to Printer, within
thirty (30) days of such sale or transfer, an amount equal to: ***. 

  
 ARTICLE XIII 
 Ownership of Materials 
  

	13.01 	Publisher shall retain ownership, including copyrights, of all materials supplied to Printer for the production of the Magazine, and all copies of the Magazine, and Printer shall
not permit Publisher’s property to be subjected to any liens or encumbrances at any time or for any reason. 

  
 ARTICLE XIV 
 Governing Law 

 

	14.01 	This agreement shall be governed and construed under, and be in accordance with, the laws of the State of New York, without regard to that state’s conflict of law rules.

  
 ARTICLE XV 
 Waiver and Cumulative Remedies 
  

	15.01 	No failure or delay in the exercise, by either party, of any right, remedy, power or privilege hereunder shall operate as a waiver thereof, and no single or partial exercise of any
right, remedy, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not
exclusive of any rights, remedies, powers and privileges provided by law or in equity. 

  
 ARTICLE XVI 
 Severability 
  

	16.01 	If any provision in this Agreement is found to be invalid, unlawful or unenforceable to any extent, such provision shall be excluded from the Agreement, which shall continue to be
valid and enforceable in all other respects to the fullest extent permitted by law. 

  
 ARTICLE XVII 
 Survival of Certain Matters 
  

	17.01 	Any matter arising under this Agreement that creates a right of action in either party against the other party, or the enforcement of any obligation or undertaking by one party
against the other, shall survive any termination of this Agreement. 

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

 Page 19 of 25 

 ARTICLE XVIII 
 Title and Risk of Loss 
  

	18.01 	Finished Work. Title and risk of loss or damage to finished Work shall pass to Publisher upon delivery by Printer to carrier or U.S. Postal service (F.O.B. Printer’s
shipping dock). 

  
 If Publisher and Printer enter
into a separate oral or written agreement pursuant to which Publisher agrees to utilize Printer for distribution services, the following terms and conditions will apply: 
  

	 	•	 	Printer agrees that upon delivery to the U.S. Postal Service, common carrier or contract carrier, shipments of Work shall be covered by applicable insurance as carried by the U.S.
Postal service, common carrier, or contract carrier; in the event of loss or damage. 

  

	 	•	 	Printer agrees that it will use commercially reasonable efforts to assist Publisher in filing all distribution claims, including the provision of adequate documentation.

  

	 	•	 	Printer agrees that any common or contract carriers engaged by Printer to perform distribution services for Publisher shall have motor truck cargo legal liability insurance subject
to the terms, exclusions, limitations, definitions and deductibles of such insurance policies. Printer further agrees to supply Publisher with evidence of insurance maintained by contract carriers engaged by Printer. 

  

	18.02 	Materials. Title to all files, paper (excluding waste paper), inserts, etc., and other materials supplied or furnished by Publisher shall remain the property of Publisher. At
any point in time, either during the Term or after the termination of this Agreement, Publisher may request and Printer shall deliver to Publisher F.O.B. Printer’s dock any or all artwork, files, paper and any other property of Publisher then
in possession of Printer. 

  

	18.03 	Preliminary Data Utilization. All images, film/files and material which Publisher provides to Printer are owned by Publisher, and shall be used exclusively for Publisher, no
matter in what form those images may be retained by Printer, whether that form be color film separations or digitized computer information, including any computer-assisted alteration of the same. 

  
 ARTICLE XIX 
 Limitation of Materials 
  

	19.01 	If Printer’s materials or supplies shall be limited because of governmental or supplier allocations or restrictions, Printer shall first discontinue supplying such materials or
supplies for products of then current non-contract and non-regular customers. Thereafter, such materials or supplies as Printer shall have shall be used and distributed ratably to then current contract customers based upon the usage of such
customers prior to the date the allocations or restrictions became effective. If the materials shortage prevents Publisher from publishing, then Publisher shall have the option to place the Work elsewhere per the provisions contained in Article 8.

  

 Page 20 of 25 

 ARTICLE XX 
 Where Work Performed 
  

	20.01 	The magazines will be produced in four of Printer’s printing facilities (the “Plant(s)”). The Plant(s) are located in (1) Saratoga Springs, NY, (2) The Rock, GA, (3)
Oklahoma City, OK and (4) Sussex, WI. Subject to the provisions herein, production of Magazines at plants other than Saratoga Springs, The Rock, Oklahoma City and Sussex will be permitted only by mutual agreement. 

  
 ARTICLE XXI 
 New Equipment, Process and Technology 
  

	21.01 	It is recognized that if the parties mutually agree that the Work may be more economically and efficiently produced on new equipment, the parties will negotiate in good faith as to
the terms for the installation of such equipment, including prices for Work produced, the terms and conditions of contract and any other arrangements which appear appropriate in connection with the addition of such equipment. Costs used in
establishing new prices will be computed using the same framework and criteria as those used to establish the prices set forth in Exhibit “C”, the Price Schedule. 

  
 Notwithstanding the above, Printer will install a second 48-page press at its printing facility in Oklahoma City, OK.
Printer agrees that said press will be operational on or around October 1, 2004 but in any event no later than December 31, 2004. 
  
 Furthermore, Printer agrees to communicate and make recommendations, in a timely manner and on an on going basis during the Term of this Agreement,
concerning new methods, new technology and significant advances to improve process and reduce costs for the Work in all areas, including but not limited to, Pre-Press, Printing, Binding, co-mailing, newsstand processing and distribution, material
storage, paper management, and scheduling. Printer agrees to make available to Publisher and to implement all advances in printing, binding, and distribution available to other publishers of similar work, specification and frequency and Printer and
Publisher will negotiate in good faith as to the terms for the implementation of such new process and or technology for Work produced, the terms and conditions of contract and any other arrangements which appear appropriate in connection with the
addition of new process and or technology. Costs used in establishing new prices will be computed using the same framework and criteria as those used to establish the prices set forth in Exhibit “C”, the price schedule. Furthermore,
Printer agrees to use commercially reasonable efforts to improve the functionality of Printer’s website technology at QG.com to better serve the needs of the Publisher as such needs are communicated to Printer. 
  
 ARTICLE XXII 
 Storage of Materials 
  

	22.01 	 Printer shall store without charge any surplus copies of Publisher’s Magazine for up to two weeks beyond the production period contemplated by the applicable
Production Schedule, but shall not destroy any such materials without Publisher’s written authorization and shall return the 

  

 Page 21 of 25 

	 	 
same to Publisher at Publisher’s cost, upon written request. All film, proofs and related materials provided to Printer by Printer’s pre-press
facility, or other prepress facilities used by Publisher, shall be returned to such facility as soon as each issue is shipped out of the plant. If Publisher’s property is damaged while in Printer’s plant, and subject to Printer’s
obligations with respect to such damaged property described herein, such property shall be replaced or reimbursed (at replacement costs of like kind and quality) to Publisher, subject to the provisions herein set forth. 

 
 ARTICLE XXIII 
 Messenger Service 
  

	23.01 	Cost of messenger service between Publisher’s offices and Printer’s plants will be borne by Publisher. 

  
 ARTICLE XXIV 
 Discontinuance of Magazine 
  

	24.01 	Notwithstanding anything to the contrary set forth herein, in the event that the Magazine is discontinued during the Term, then Publisher may terminate this Agreement upon written
notice of such discontinuance and Publisher will not be liable for any damages to Printer for such termination. For the purposes of this Agreement, “discontinuance” shall refer to a total cessation of publishing the Magazine by Publisher
for at least ninety (90) days. If the Magazine is discontinued, but at any time thereafter during what would have been the Term hereunder Publisher restarts publication of the Magazine or a publication similar to the Magazine, Publisher agrees to
contract with Printer for the work related thereto on the same or similar terms as set forth in this Agreement. Publisher shall use commercially reasonable efforts to provide as much prior written notice as practicable to Printer in the event that
Publisher elects to discontinue the Magazine to which this Agreement relates. Printer shall keep all information regarding Publisher’s intent to cease publishing the Magazine confidential. 

  
 ARTICLE XXV 
 Arbitration 
  

	25.01 	In the event any dispute arises with respect to this Agreement, or the making or validity thereof, or its interpretation, or any breach thereof, and after diligent effort the
parties cannot resolve their differences within sixty (60) days of written notice of such dispute or claim, then each such instance will be determined and settled by arbitration in New York, New York pursuant to the Commercial Arbitration Rules of
the American Arbitration Association (“AAA”) which will be the sole and exclusive remedy for all such disputes except as otherwise provided herein. Any award rendered will be final and conclusive upon the parties and a judgment thereon may
be entered in any court having jurisdiction. The arbitration tribunal shall consist of three (3) arbitrators, one (1) appointed by Publisher, one (1) appointed by Printer and the third appointed by the said two (2) arbitrators.

  

 Page 22 of 25 

 ARTICLE XXVI 
 Bulk and Miscellaneous Shipment 
  

	26.01 	All shipments for comp copies, bulk copies and office copies shall be shipped by Printer at Publisher’s direction and expense and Printer shall use Publisher’s shipping
account information as provided by Publisher. 

  
 ARTICLE XXVII 
 Notices 
  

	27.01 	Any notice, request, or other document to be given hereunder shall be given in writing to the addresses set forth below and (i) delivered personally, (ii) sent by Certified Mail,
Return Receipt Requested, (iii) by overnight mail, return receipt requested, or (iv) sent via facsimile. 

  

			
	If to Publisher:	  	American Media, Inc.
	 	  	4950 Communication Avenue, Suite 100
	 	  	Boca Raton, FL 33431
	 	  	Attention: Robert O’Neill, Vice President Manufacturing
	 	  	Telephone: 561-998-7463
	 	  	Facsimile: 561-998-7386
		
	 	  	with a copy to:
		
	 	  	American Media, Inc.
	 	  	4950 Communication Avenue, Suite 100
	 	  	Boca Raton, FL 33431
	 	  	Attention: Michael B. Kahane, General Counsel
	 	  	Telephone: 561-998-1225
	 	  	Facsimile: 561-998-1224
		
	If to Printer:	  	Quad/Graphics, Inc.
	 	  	N63 W23075 Highway 74
	 	  	Sussex, WI 53089
	 	  	Attention: Dave Blais, Vice President Operations
	 	  	Telephone: 414-566-2031
	 	  	Facsimile: 414-566-9510
		
	 	  	with a copy to:
		
	 	  	Andrew Schiesl, General Counsel (same address)
	 	  	Telephone: 414-566-2017
	 	  	Facsimile: 414-566-9416

  
 Notices shall be
deemed received three (3) business days after posting if sent via certified mail, or one (1) business day after posting if sent via overnight courier or one (1) business day after transmission if sent via facsimile, provided that the sender shall
have received and can produce a 

  

 Page 23 of 25 

 
transmission report indicating that all pages of the notice have been transmitted to the correct facsimile number. Either party may change its address for
notice by giving notice to the other party as set forth above. 
  
 ARTICLE XXVIII 
 Changes 
  

	28.01 	No amendment, alteration, modification, waiver or change in the provisions of this Agreement or of any Exhibits hereto shall be effective or binding upon either party unless
embodied in written instruments executed by its authorized signatory or signatures. 

  
 ARTICLE XXIX 
 Headings 
  

	29.01 	The headings of the various sections in this Agreement are for convenience only, and shall not be considered in the interpretation of the provisions to which the heading relates. No
amendment, alteration, modification, waiver or change in the provisions of this Agreement or of any Exhibits hereto shall be effective or binding upon either party unless embodied in written instruments executed by its authorized signatory or
signatures. 

  
 ARTICLE XXX 
 Entire Agreement 
  

	30.01 	This Agreement, together with the schedules now and hereafter made a part hereof, constitutes the entire understanding of the parties hereto concerning the subject matter hereof and
supersedes and replaces all prior and contemporaneous agreements, understandings, negotiations, and discussions of the parties, whether oral or written, pertaining to the subject matter hereof, including the Letter of Intent (dated February 4, 2004)
and the Addendum to the Letter of Intent (dated February 11, 2004) between Publisher and Printer, which shall have no further force or effect as of the Effective Date of this Agreement. Consistent with the above, in the event that after the signing
date hereof Publisher submits purchase orders or other written instructions to Printer, or Printer submits invoices or other written instructions to Publisher, that contain terms or conditions, such terms and conditions shall be of no force and
effect, unless signed by both Printer and Publisher. 

  
 ARTICLE XXXI 
 No Joint Venture 
  

	31.01 	The parties are independent contractors, and nothing in this Agreement is intended or shall be construed to create a partnership, franchise, joint venture, agency,
employer/employee, master/servant, fiduciary, or other relationship. Neither party shall act in a manner that expresses or implies a relationship other than that of independent contractor, and neither party shall have the power or authority to act
for, represent or bind the other party. 

  

 Page 24 of 25 

 ARTICLE XXXII 
 Publisher’s Right to Enter Pressroom 
  

	32.01 	Publisher’s authorized employees shall have the right to enter the pressroom and other relevant areas of the manufacturing plant during working hours and under the reasonable
supervision of Printer to check and verify Printer’s conformance with the quality, specifications and production schedule set forth in this Agreement. 

  
 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective duly authorized officer(s),
effective the day and year first above written. 
  

									
	 AMERICAN MEDIA, INC.
	 	 	 	 QUAD/GRAPHICS, INC.

					
	 By:
	 	/s/    MICHAEL B. KAHANE	 	 	 	 By:
	 	/s/DAVID A. BLAIS
	 Name:
	 	Michael B. Kahane	 	 	 	 Name:
	 	David A. Blais
	 Title:
	 	Senior VP and General Counsel	 	 	 	 Title:
	 	Vice President, Operations
			
	 Date: December 2, 2004
	 	 	 	 Date: December 2, 2004

  

 Page 25 of 25 

 Exhibit A: 2004/2005 Star Magazine Weekly Projections 
  

													
	 Printing Facility

	  	Total Print Order

	  	 Newsstand
 Shipped Copies

	  	 Mailed U.S.
 Subscription
 Copies

	  	Newsstand
Galley
Copies

	  	Mailed Foreign
Subscription
Copies

	  	Pages

	 Quad Saratoga, NY
	  	***	  	***	  	***	  	***	  	***	  	100-148
	 Quad Sussex, WI
	  	***	  	***	  	***	  	***	  	 	  	100-148
	 Quad The Rock, GA
	  	***	  	***	  	***	  	***	  	 	  	100-148
	 Quad Oklahoma City, OK
	  	***	  	***	  	***	  	***	  	 	  	100-148
	 	  	
	  	
	  	
	  	
	  	
	  	

	 Four Plant Totals
	  	***	  	***	  	***	  	***	  	***	  	100-148
	 	  	
	  	
	  	
	  	
	  	
	  	

  
 Page counts and print orders are
estimated ranges for the first contract year. 
 Actual pages and print orders may be outside of above estimates. 
  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

  

  
 American Media, Inc. &
Quad/Graphics, Inc. 
 Print Contract 
 Exhibit B 
 Specifications 
  

  
 Exhibit B 

STAR 
 Manufacturing
Specifications 
  

			
	Quantity:	  	Approximately *** to *** newsstand and subscription copies per issue in the first year. (Refer to Exhibit “A” for distribution breakdown and projections for each of the four
printing facilities). The print order for the four printing facilities may range to *** copies over the term of the contract. All projections are subject to change.
		
	No. of Pages:	  	Page counts for individual issues are projected to range from 100 to 148 pages in the first year. Pages may range to *** pages over the term of the contract. These projections are subject to
change.
		
	Frequency:	  	 Weekly
 Currently projected at 52 issues per
year.
 Publisher may eliminate some weekly issues through double-issues.
 Publisher may add to the frequency through special issues.

		
	Trim Size:	  	 8 3/8” x 10 1/2”
 The trim size may be
modified during the term of the contract.

		
	Printing:	  	 4/C Process – text pages
 5/C Cover plus options
for varnish or UV coating

		
	Paper:	  	 Cover Basis Weight: ***#
 Body Basis Weight:
***#
 All paper supplied by Publisher.
 Changes in the above
basis weights may occur during the term of the contract.

		
	Preparatory:	  	Publisher shall have digital page files transmitted to Printer.
		
	Presswork:	  	Printer will print the magazines using offset presses.
		
	Ink:	  	Invoicing of ink will be per prices listed in Exhibit “C”.
		
	Binding/Mailing:	  	 Saddle-stitched with three stitches.
 Publisher may
furnish inserts, wraps, bind-in cards, blow-in cards, dot whacks and other materials according to Printer’s specifications and production schedule ready for binding or application.

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

  

					
	 March 4, 2004
	 	 Exhibit B
	 	 Page 1 of 2

			
	Distribution:	  	Newsstand – Newsstand copies to be shrink-wrapped in bundles of 50 or as directed by Publisher.
		
	 	  	Subscribers – Paper mailing labels to be applied directly to Cover 1 from Publisher supplied lists. Options to ink jet directly to cover and to ink jet onto blank paper labels
applied directly to cover.
		
	 	  	Office, Bulk Copies – Printer to prepare and distribute according to print order instructions provided by Publisher.

  

					
	 March 4, 2004
	 	 Exhibit B
	 	 Page 2 of 2

  
 American Media, Inc &
Quad/Graphic, Inc. 
 Print Contract 
  
 Exhibit C 
 Price Schedule & Paper
Requirements 
  

	***	Portion of Exhibit C captioned Star Price Schedule and Paper Requirements, consisting of 4 pages, omitted pursuant to a request for confidential treatment filed separately with the
Securities and Exchange Commission. 

  

 QUAD/GRAPHICS, INC. 
 2004 PREPARATORY PRICE LIST 
 AMERICAN MEDIA, INC. 
  
 

 
  
 Prices are based on producing an 8-3/8'' x
10-1/2'' up to a 9'' x 10-7/8''. 
  

						
	 	  	FILE MANAGEMENT	  	 	 
	 (411)
	  	 Retrieve page
	  	$	***
	 (058)
	  	 Archive
	  	$	***
	 (453)
	  	 Download
	  	$	***
	 (135)
	  	 Convert file (for proof file) - per color/per page
	  	$	***
	 (174)
	  	 File Transfer Service* via T-1 (per page)
	  	$	***
		
	 *  File Transfer Service at $***/page will be billed once per issue to cover all 4 Quad plants.
	  	 	 
		
	 *  Prepress vendor will be responsible for sending plate-ready files to Quad/3 Times Square.
	  	 	 
			
	 	  	ELECTRONIC SYSTEM	  	 	 
	 (496)
	  	Electronic page assembly, color correction, swatch matching, retouching, rotation, special effects, extensive resizing, alteration of desktop page files - (per hour)	  	$	***
			
	 	  	ARM CENTER ®	  	 	 
	 (031)
	  	 Ad inspection
	  	$	***
	 (175)
	  	 Convert film to digital file (per color)
	  	$	***
	 (135)
	  	 Convert file (to Raster) - per color
	  	$	***
	 (045)
	  	 Place ad
	  	$	***
	 (433)
	  	 Retrieve ad
	  	$	***
	 (058)
	  	 Archive ad
	  	$	***
	 (077)
	  	 Write printer file (incl. download)
	  	$	***
	 (246)
	  	 Set type patch (folios, codes, dates & values - per occurrence)
	  	$	***
	 (417)
	  	 ARM Direct
	  	$	***
			
	 	  	PROOFING	  	 	 
	 (065)
	  	 Position proof
	  	$	***
	 (221)
	  	 Color position proof (Splash)
	  	$	***
	 (078)
	  	 Continuous tone proof (Epson)
	  	$	***
	 (146)
	  	 Pick up color proof
	  	$	***
	 (169)
	  	 Soft proof
	  	$	***

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

  

					
	 Quad/Imaging/12728/021004
	 	February 10, 2004	 	Page 1

 [Quad Graphics logo] 
  

			
	Company Name: AMERICAN MEDIA OPERATIONS, INC	  	Date: March 19, 2004
		
	Title Name: STAR	  	Title Code: STA152

  
 As an industry leader, Quad/Data
Service understands data driven solutions that implement your marketing strategy. Understanding the importance of data integrity, integration and data compliance allows process efficiencies and optimization of cycle times. 
  

				
	 List Services

	  	Price

	 Domestic Minimum * Applies when the total of all Q/DS services rendered does not equal the minimum
	  	$	***
	 Media Load/Formatting * Please use Media Specification Sheets for media, formats & associated pricing.
	  	 	*
	 Address Hygiene Includes: Address Std, Crrt coding, ZIP Correction, ZIP+4, DPBC, LOT & CASS. Additional Address Integrity services
& pricing available upon request. (LOT, NCOA, DSF, LACS, Data Analysis)
	  	$	***
	 Line of Travel
	  	$	***
	 Selects/Segmenting
	  	$	***
	 Constant Coding (Hard Coding)
	  	$	***
	 Variable Coding (Hard Coding)
	  	$	***
	 Presort - Standard Mail
	  	$	***
	 Presort - Periodical
	  	$	***
	 Mail.dat * Quad/Graphics
	  	 	***
	 Domestic Format for Output (Domestic Inkjet Format OR Domestic Label Format)
	  	$	***
	 1 inch Cheshire 4-UP
	  	$	***
	 1.5 inch Cheshire 4-UP
	  	$	***

  
 A price list not accepted within 90
days is subject to requoting. 
  
 For additional information on services, options
or pricing, please contact your Corporate Sales Representative or call Q/DS sales at 414-566-3300 
  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

  

  
 American Media, Inc.
& Quad/Graphics, Inc. 
 Print Contract 
  
 Exhibit D 
 Yield Variance Determination 
  

 Exhibit D 
  
 Quad/Graphics, Inc.  
 American Media, Inc. – STAR MAGAZINE 
 Yield Variance Determination 
  
 PAPER YIELD VARIANCE VERIFICATION FOR USE IN 
 THE CALCULATION OF OVER OR UNDER CONSUMPTION 
  
 The actual basis weight of the paper received and used for each catalog shall be the basis for the calculation of over and under consumption. 
  
 Paper recording and analysis 
  
 The following steps detail the recording process Quad/Graphics uses to record paper
consumption. This procedure accounts for all paper that feeds into the press. 
  
 Steps 8 through 11 below describe the procedure for verifying yield variance in terms of a single roll, although Quad/Graphics summarizes and reports the results of each entire press run. If needed, some individual rolls can be analyzed for
checking purposes. 
  

	1.	The roll of paper is received into Quad/Graphics’ inventory at gross weight minus the fiber core weights. If these weights are not recorded on the roll manifest, the weights
will be determined by calculating a factor of .24 times the roll width (or .333 times the roll width, for 6-inch cores). 

  

	2.	The roll of paper is then delivered to the press where rolltender removes roll wrapper and headers which are weighed and recorded at press or a constant for that order/shift may be
developed and used in calculations. 

  

	3.	The rolltender then strips some of the outer layers of white paper to prepare roll for running. This “outer strip waste” is then weighed and recorded at the press by the
rolltender. 

  

	4.	The rolltender mounts the “first” roll on the press. A splice is made and the “first” roll begins to be run through the press. Quad/Graphics’ Roll
Collection System (RCS) records how many impressions each roll produces from splice in to splice out, as well as wrap, outer strip, and core strip waste. 

  

	5.	The white paper remaining on the core is then stripped off and weighed at press. This weight is captured in RCS as “core strip waste”. 

  

			
	 March 4, 2004
	 	Page D-1

 Quad/Graphics, Inc. 
 Yield
Variance Determination 
  
 Calculation of
Yield Variance 
  

	6.	Begin with the “gross” received roll weight. Next subtract the weight of the fiber or steel core and the weight of the wrapper and the header. Then subtract the outer
strip waste and the core strip waste to arrive at the weight of the paper that was actually run through the press. 

  

	7.	Calculate the theoretical weight of 1,000 impressions: 

  
 Cylinder circumference x Web width x Basis Weight 
 475* 
  
 * Book stock basis - 25 x
38 = 475 
    Cover stock basis - 20 x 26 = 260 
 Newsprint/Tag stock basis - 24 x 36 = 432 
  

	8.	Divide the weight of paper through press by the theoretical weight per thousand impressions calculated in #7 and multiply by 1000. The result will be the number of impressions this
roll should theoretically have achieved. 

  

	9.	Take the theoretical impressions calculated in #8 and subtract the gross impressions, this is the variance in impressions. Now divide this variance by the theoretical impressions
and the result will be the yield variance percentage. 

  

			
	 March 4, 2004
	 	Page D-2

 Quad/Graphics, Inc. 
 Yield
Variance Determination 
  
 BASIS WEIGHT DETERMINATION 

 
 Example of the paper reporting steps (Although only one roll is used in this example, such
calculations are not required on a roll by roll basis): 
  

			
	Step 1:	 	Roll number GID3329031M* is received.
		
	Step 1a:	 	The roll is received at 5,474#.
	 	 	(The gross weight less the weight of the fiber core.)
		
	Step 2:	 	Roll is taken to press. Wrapper and headers are weighed at 24 pounds.
		
	Step 3:	 	The outer strip waste weighs 24 pounds.
		
	Step 4:	 	The impressions achieved by this roll are 22,460.
		
	Step 5:	 	Core strip waste is weighed at 18 pounds.
		
	Step 6:	 	Paper through press is calculated:
	 	 	5,474# - 24# - 24# - 18# = 5,408 pounds.
		
	Step 7:	 	Impression size (roll width x cylinder circumference) =3,556.125; Basis weight =
	 	 	25 x 38 - 32#; 3,556.125 x 32/475 = 239.57# (weight of 1,000 impressions)=.
		
	Step 8:	 	5,408/239.57 x 1000 = 22,574 theoretical impressions
		
	Step 9:	 	22,460 - 22,574 = (114);
	 	 	(114)/22,574 = .00505 (.51% heavy)
	 	 	Which indicates an actual basis weight of 32.1616#

  

	*	Note: This roll sent for testing and showed a basis weight of 32.1536#. 

  

			
	 March 4, 2004
	 	Page D-3

 Quad/Graphics, Inc. 
 Yield
Variance Determination 
  
 DEFINITIONS

  

	1.	Gross Received Weight 

	    	The gross received weight includes the weight of the following: 

  

	 	a)	wrapper weight 

  

	 	b)	header weight 

  

	 	c)	the weight of all usable and unusable paper 

  

	 	d)	the weight of the fiber or steel core 

  

	2.	Net Received Weight 

	    	Gross received weight less the weight of the core. 

  

	3.	Paper Through the Press 

	    	Net received weight less outer strip waste and core strip waste, wrappers, headers, and paper damaged in transit. 

  

	4.	Outer Strip Waste 

	    	White waste stripped off prior to running the roll. 

  

	5.	Core Strip Waste 

	    	White waste left on the core after roll is run. 

  

	6.	Basis Weight 

	    	The weight of 500 sheets of the specified paper, cut to the “basic size”. The standards for each basic size are: Book (25 x 38), Cover (20 x 26), and Newsprint/Tag (24 x
36). 

  

	7.	Yield Variance 

	    	The difference between the actual basis weight and the specified basis weight. 

  

	8.	Over/under Yield Variance Calculations 

	    	Actual basis weight received can be determined utilizing the steps previously defined, averaging all rolls consumed. 

  

	9.	Over/under Consumption Determination 

	    	The actual basis weight of the paper used shall be the basis for the calculation of under or over consumption. 

  

			
	 March 4, 2004
	 	Page D-4

  
 American Media, Inc. &
Quad/Graphics, Inc. 
 Print Contract 
  
 Exhibit E 
 Production Schedules

  

	***	This entire Exhibit E, consisting of 5 pages, has been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

  

 American Media, Inc. & Quad/Graphics, Inc. 
 Print Contract 
  
 Exhibit F 
 Sample Copies, Defect Criteria 
  

(Sample Copies to be provided by American Media, Inc.) 
  

 American Media, Inc. 
 Print Contract 
 Exhibit F 
  
 Quality Defect Criteria 
  
 The following items will be considered the criteria for measuring Printer’s performance in meeting the quality standards for the work. The Quality Sample of
Star, attached hereto as Exhibit “F”, will be used as the basis for judgment regarding Printer’s performance under these criteria: 
  

	 	1.	Inking levels 

  
 Reviewed for their consistency and conformance to American Media Inc.’s density requirements, which must fall within S.W.O.P. standard densities.

  

	 	2.	Registration of the printed image 

  

	 	3.	Lack of doubling, slurring and blurring of the printed dot 

  

	 	4.	Lack of moiré patterns 

  

	 	5.	Adherence to S.W.O.P. standards 

  

	 	6.	Balance of type color 

  
 Reviewed for consistency of ink color and density 
  

	 	7.	Margins, trimming and binding 

  
 Reviewed for accuracy in crossover alignment, page alignment, and trimming; strength and consistency of binding. 
  

	 	8.	Absence of grader marks and other mechanical marks on the printed sheet 

  

	 	9.	Color matching of supplied advertising and editorial page files or film 

  

	 	10.	Printed contrast 

  
 Reviewed for intensity and saturation of color, and presence of shadow contrast. 
  
 In addition, the following criteria will be used to measure Printer’s performance in aspects of the work that cannot be demonstrated by
means of the printed Sample of Quality: 
  

	 	1.	Bundling and packing of copies of the Magazine 

  
 Reviewed for minimization of damage and scuffing 
  

	 	2.	Adherence to Star’s print order 

  

 1 

  
 American Media, Inc. &
Quad/Graphics, Inc. 
 Print Contract 
  
 Exhibit G 
 Paper Specifications

  

 Roll Paper Supplier Specifications 
  
 This document provides supplier specifications for roll paper received by Quad/Graphics, Inc. 
  
 Order Acknowledgments 
  
 For Paper Purchased by Quad/Graphics 
  

	 	•	 	Acknowledgments on all orders should be faxed to (414-566-9418), or emailed to Paper.Acknowledgement@qg.com, no later than one business day after the buyer has placed the order. The
following information should be included in detail: 

  
 Quad PO# 
  
 Mill Order # 
  
 CWT price 
  
 Mill location 
  
 Grade name 
  
 Basis weight (B25x38) 
  
 Web width 
  
 Diameter(s) 
  
 Manufacture date 
  
 Quantity 
  
 Ship date 
  
 Mode of transit 
  
 Planned freight cost 
  
 Core type 
  
 Last date of change 
  
 Allocation month 
  
 Delivery window 
  

	 	•	 	Quad Paper Purchasing will email the purchase order the same business day that the order is placed with the paper supplier. 

  

	 	•	 	Purchase orders will indicate press type. 

  
 For Customer Supplied Paper 
  

	 	•	 	Customer acknowledgments should be faxed to the individual Quad facilities. Fax numbers and plant contacts are listed at the end of these specifications. At a minimum, Quad prefers
notification on: 

  
 Customer Purchase Order

  
 Mill Order # 
  
 Mill location 
  
 Grade name 
  
 Basis weight (B25x38) 
  
 Web width 
  

 Diameter(s) 
  
 Manufacture date 
  
 Quantity 
  
 Ship date 
  
 Press date 
  
 Mode of transit 
  
 Core type and 
  
 Delivery date 
  
 This information will help Quad plan for future warehousing space requirements and placement. 
  

	 	•	 	For all offset rolls, it is imperative that the customer supplies press type information to the paper mill, i.e., M3000 (2x6), , M1000 (2x4), M110, MAN-Roland (4x6) etc. This will
be used to determine the minimum and maximum outside diameters. 

  
 Quad/Graphics is in the process of implementing the papiNet Messaging Standards and will be requesting that all Order Acknowledgements, whether for Quad ordered paper or customer ordered paper, use the papiNet Order Acknowledgement message.

  
 Roll Weights 
  

	 	•	 	Roll labels and manifests should list both gross, tare and net weights in pounds. 

  

	 	•	 	Tare weight includes core and core plugs. 

  

	 	•	 	All invoices should be based on net weights (i.e., gross weight less tare). 

  

	 	•	 	Roll Width 

  

	 	•	 	The exact roll width size is required + / - 1/32". 

  

	 	•	 	Roll Diameters 

  

	*	For example: 30" Roll cannot exceed 2,700#; 38" roll cannot exceed 3,420#. 

  
 Over/Under Delivery Specifications 
  

	 	•	 	As of 2/1/2002, for Quad purchased paper, all over shipments on orders greater than 44,000lbs.* will result in a rejection of the over shipped roll(s). 

  
 Basis Weight Tolerance 
  

	 	•	 	Overweight paper is not desirable. The target should be from nominal to .25 percent light. The average basis weight should be as close as possible to nominal basis weight.

  
 For Quad Purchased Paper 
  

	 	•	 	Quad will audit basis weight once per quarter on an aggregate basis. 

  

	 	•	 	If the average is overweight, Quad may debit the mill and provide documentation. 

  

	 	•	 	If the average is underweight, the mill will receive credit for the following quarter. 

  

 2 

	 	•	 	At the end of the calendar year, any mill credits will be zeroed out. 

  

	 	•	 	Quad’s basis weight variance calculation will be used in verifying average basis weights. Quad’s calculations will supersede mill figures. Quad compares actual impressions
to theoretical impressions based upon stated roll weight, basis weight and width of roll. If the actual impressions are less than the theoretical impressions that have been calculated, the paper is considered heavy. 

  

	 	•	 	Quad reserves the right to hold the supplier responsible for individual orders. 

  
 Purchased Paper Claims 
  
 For Quad Purchased Papers 
  

	 	•	 	Notification of transit claims will be filed directly with the originating paper mill. In the cases where paper was shipped from another printer, claim documentation will be
forwarded to the papers’ owner. Resolution of the claim is then the responsibility of the owner. 

  

	 	•	 	Notification of press claims will be filed directly with the paper supplier. Quad will provide evidence of damages. 

  

	 	•	 	Claims are to be resolved within 21 calendar days from the file date. If no dispute arises and a claim remains unpaid on day 21, Quad/Graphics will debit the mill and reference the
claim number. 

  

	 	•	 	Disputed claims that remain unresolved after 21 calendar days will be forwarded to Quad/Graphics’ Paper Purchasing department for resolution. 

  

	 	•	 	No time limit exists for Quad discovering concealed water damage. We will do our best to report cases as they are discovered. 

  
 For Customer Supplied Paper 
  

	 	•	 	Press production claims will be filed directly with the customer. Reimbursement from the paper supplier will be the Customer’s responsibility. 

  
 Shipping Records 
  

	 	•	 	In order to help ensure that paper is received in a timely manner, as it is shipped, or before, we ask that the paper mill send Quad/Graphics a copy of the shipment manifest by
electronic transmission prepared and transmitted in accordance with the papiNet Delivery Message standard. Roll size and weight information should be specified in inches and pounds. 

  
 Transportation 
  

	 	•	 	Whether paper is shipped via rail or truck, the following equipment and loading requirements must be met for the paper to arrive in good condition. We expect adherence to the
requirements, as they will minimize claims among other mutually beneficial outcomes. 

  

	 	•	 	Quad/Graphics prefers shipments to arrive via railcar. 

  

 3 

 Rail Car Loading 
  

	 	•	 	Quad/Graphics prefers railcars with 8 feet or wider doors and with cushioned underframe. 

  

	 	•	 	Do not bilge load. Load all rolls on end, unless prior approval for loading patterns is given by the receiving department. 

  

	 	•	 	Load rolls of paper using the guidelines prescribed in the Association of American Railroads Pamphlet 39, or other specific loading and bracing methods, which have received approval
of the American Railroads Freight and Damage Prevention Division. 

  
 Truck Loading 
  

	 	•	 	Container and truck/trailers are to have a minimum door opening of 92 inches. 

  

	 	•	 	Paper is received at all Quad/Graphics facilities 24 hours per day, 7 days per week, and most holidays, by appointment only. 

  

	 	•	 	Appointments for each plant are to be made 48 hours in advance Monday through Friday, 7:00 AM through 5:00 PM. Truckloads may be directed to other Quad facilities upon arrival.

  

	 	•	 	Quad/Graphics will not be responsible for reconsignment fees for distances of 10 miles or less. 

  

	 	•	 	When calling for an appointment, the PURCHASE ORDER is required to ensure delivery to the correct facility, and to accommodate the delivery due date, based on receiving paper 24
hours a day, 7 days a week. 

  

	 	•	 	When the carrier calls for an appointment, they will be given an appointment number. This number will be needed for off loading of roll stock, and will expedite unloading.

  
 Delivery Timing 
  

	 	•	 	Due dates for all deliveries will be noted on Quad/Graphics Purchase Orders, or to the customer on, customer-supplied paper. Deliveries up to four calendar days prior to a specified
due date will be considered acceptable. 

  

	 	•	 	Deliveries will be considered late if paper has not arrived on or before the specified due date. 

  

	 	•	 	Early delivery charges will not apply to orders less than 45,000 pounds. 

  
 Late Deliveries 
  

	 	•	 	Late deliveries will be reviewed by our Purchasing department and paper mills on a case-by-case basis. Deliveries will be considered late if the paper mill fails to meet the
mutually agreed upon delivery dates established by paper mill and communicated to our Purchasing department at the time the order was acknowledged. 

  

 4 

	 	•	 	Deliveries may be refused if paper shipments are late and received after the job is off press, if no further identifiable use is found for the paper. 

  
 Core Specifications 
  

	 	•	 	All cores are plain high strength fiber. 

  

	 	•	 	Core type should be noted on EDI or packing slip. 

  

	 	•	 	Core plugs are required on all rolls with a core all thickness of less than 0.660 inches. 

  

	 	•	 	If core wall thickness is greater than 0.660 inches, core plugs will not be required. 

  

	 	•	 	No metal end caps or notches. 

  

	 	•	 	Core width not to exceed paper width, and not less than 1/16 inches less than paper width. 

  

	 	•	 	Three inch ID cores are required on all rolls less than or equal to 97 inches. 

  

	 	•	 	6 inch ID cores required on all rolls greater than 97 inches. 

  
 Mill Splices 
  

	 	•	 	No more than two mill splices per roll (any diameter). 

  

	 	•	 	No more than 30 mill splices per 100 rolls. 

  

	 	•	 	All mill splices must be clearly marked on roll label and clearly marked on end of roll. 

  

	 	•	 	No mill splices should be within 2 inches of each other. 

  

	 	•	 	No mill splices can be less than 2 inches from outside. 

  

	 	•	 	No mill splices can be less than 5 inches from core. 

  
 Web Break Performance 
  

	 	•	 	Allowance is three breaks per 10 million linear feet through the press. 

  

	 	•	 	Quad may debit the following for all web breaks in excess of 3/10 mm linear feet for offset presses and 1.5/10 mm feet for gravure presses: 

  

				
	 Gravure:
	  	$	1000
	 M3000:
	  	$	750
	 Man Roland:
	  	$	550
	 M1000:
	  	$	550
	 M1000:
	  	$	750

  

	 	•	 	Quad will provide all evidence claimed. 

  

	 	•	 	Quad will make reasonable attempts to notify mill technical personnel as problems arise. 

  

 5 

 Roll Labels 
  

	 	•	 	Quad/Graphics requires adherence to the IDEAlliance Guidelines for Paper Roll and Package Labeling Specifications as set forth in IDEAlliance Standard 132-1997, and the North
American Roll Identifier IDEAlliance Standard 1995. 

  

	 	•	 	There should be two labels (minimum) with all required information, attached to the roll wrapper by means of an adhesive backing. Each label should have the following information:

  

	 	1)	Grade name and type of paper. 

  

	 	2)	Basis weight and roll width. 

  

	 	3)	Gross weight, net and tare weight (Barcode preferred). 

  

	 	4)	Mill name and mill order number (Barcode preferred). 

  

	 	5)	Mill roll number (Barcode preferred). 

  

	 	6)	Publisher name. When purchased by a merchant, the merchant is required to furnish the Publisher’s name/order number to the mill. 

  

	 	7)	Title and/or purchase order number. 

  

	 	8)	Direction of unwind and felt or wire side out. 

  

	 	9)	Core type & Outside diameter 

  

	 	•	 	An additional third label may be placed on the topside of the roll. 

  

	 	•	 	Quad/Graphics request the number of mill splices stenciled on the roll label. 

  

	 	•	 	Roll size and weight information should be in inches and pounds. 

  
 Roll Stenciling 
  

	 	•	 	Roll Number Stencils must be on at least one end of the unwrapped roll, but we prefer that both ends be stenciled. 

  

	 	•	 	The size of the stencil and location must be as close to the core as possible, and no more than 10 inches from the core as not to interfere with auto paster detectors.

  

	 	•	 	Please indicate the roll’s unwind direction with an arrow on roll label 

  

 6 

 Sussex 
  

			
	 Plant Address:
	  	 N63 W23075 Highway 74
 Sussex, WI
53089

	 Ship To Address:
	  	 
	 Truck:
	  	 N63 W23075 Highway 74
 Sussex, WI 53089
 Deliveries to dock doors 1 to 6
 Phone: (414) 566-2503
 Fax: (414) 566-9558

	 Rail:
	  	 Canadian National
 N63 W23075 Highway 74
 Sussex, WI 53089

	 Plant Contacts
	  	 
	 Paper Warehousing:
	  	Phone: (414) 566-2503:
	 	  	Fax: (414) 566-9558
	 Electronic Transmissions:
	  	Phone: (414) 566-6000
	 	  	Information Systems Department

  
 Transportation Instructions

  
 Sussex facility cannot receive short height containers - does not have
the ability to unload shipment - inside height clearance must be at least 92 inches. 
  
 Rail Carrier 
  
 Canadian National 
  
 Delivery Information 
  
 Paper is received at Quad/Graphics-Sussex facility 24 hours per day, 7 days per week, and most holidays, 
  
 By Appointment Only. 
  
 Appointments for Sussex plant are to be made 48 hours in advance, Monday through Friday, 7:00 AM through 5:00 PM, at (414) 566-2503. When
the carrier calls for an appointment, they will be given an appointment number. This number will be needed for off loading of roll stock. 
  
 When calling for an appointment, the PURCHASE ORDER is required to ensure delivery to the correct facility, and to accommodate delivery due date, based on receiving paper
24 hours a day, 7 days a week. 
  

 7 

 Pewaukee 
  

			
	 Plant Address:
	  	 N224 W3322 Duplainville Road
 Pewaukee, WI
53072

	 Ship To Address:
	  	 
	 Truck:
	  	 N224 W3322 Duplainville Road
 Pewaukee, WI
53072

	 	  	Deliveries to dock doors 21 to 22
	 	  	Phone: (414) 566-6259
	 	  	Fax: (414) 695-3980
	 Rail:
	  	Canadian National
	 	  	 N224 W3322 Duplainville Road
 Pewaukee, WI
53072

	 Plant Contacts
	  	 
	 Paper Warehousing:
	  	Phone: (414) 566-6259:
	 	  	Fax: (262) 695-3980
	 Electronic Transmissions:
	  	Phone: (414) 566-6000
	 	  	Information Systems Department

  
 Transportation Instructions

  
 Pewaukee facility cannot receive short height containers - does not have
the ability to unload shipment - inside height clearance must be at least 92 inches. 
  
 Rail Carrier 
  
 Canadian National 
  
 Delivery Information 
  
 Paper is received at Quad/Graphics-Pewaukee facility 24 hours per day, 7 days per week, and most holidays, 
  
 By Appointment Only. 
  
 Appointments for Pewaukee plant are to be made 48 hours in advance, Monday through Friday, 7:00 AM through 5:00 PM, at (414) 566-6259. When
the carrier calls for an appointment, they will be given an appointment number. This number will be needed for off loading of roll stock. 
  
 When calling for an appointment, the PURCHASE ORDER is required to ensure delivery to the correct facility, and to accommodate delivery due date, based on receiving paper
24 hours a day, 7 days a week 
  

 8 

 West Allis 
  

			
	 Plant Address:
	  	 555 South 108th Street
 West Allis, WI
53214

	 Ship To Address:
	  	 
	 Truck:
	  	 555 South 108th Street
 West Allis, WI
53214

	 	  	Deliveries to dock doors 26, 27 and 28
	 	  	Phone: (414) 566-3192
	 	  	Fax: (414) 566-3857
	 Rail:
	  	None
	 Plant Contacts
	  	 
	 Paper Warehousing:
	  	Phone: (414) 566-3192
	 	  	Fax: (414) 566-3857
	 Electronic Transmissions:
	  	Phone: (414) 566-6000
		
	 	  	Information Systems Department

  
 Transportation Instructions

  
 West Allis facility cannot receive short height containers - does not
have the ability to unload shipment - inside height clearance must be at least 92 inches. 
  
 Rail Carrier 
  
 Not rail accessible

  
 Delivery Information 
  
 Paper is received at Quad/Graphics-West Allis facility 24 hours per day, 7 days per week,
and most holidays, 
  
 By Appointment Only. 
  
 Appointments for West Allis plant are to be made 48 hours in advance, Monday through Friday,
7:00 AM through 5:00 PM, at (414) 566-3192. When the carrier calls for an appointment, they will be given an appointment number. This number will be needed for off loading of roll stock. 
  
 When calling for an appointment, the PURCHASE ORDER is required to ensure delivery to the correct facility, and to accommodate delivery due
date, based on receiving paper 24 hours a day, 7 days a week. 
  

 9 

 Hartford 
  

			
	 Plant Address:
	  	 1900 West Sumner Street
 Hartford, WI
53027

	 Ship To Address:
	  	 
	 Truck:
	  	 1900 West Sumner Street
 Hartford, WI
53027

	 	  	Deliveries to dock doors 3-8
	 	  	Phone: (262) 673-1148
	 	  	Fax: (262) 673-1670
	 Rail:
	  	WSOR
	 Plant Contacts
	  	 1900 West Sumner Street
 Hartford, WI
53027

	 Paper Warehousing:
	  	Phone: (262) 673-1148
	 	  	Fax: (262) 673-1670
	 Electronic Transmissions:
	  	Phone: (414) 566-6000
	 	  	Information Systems Department

  
 Transportation Instructions

  
 Hartford facility cannot receive short height containers - does not have
the ability to unload shipment - inside height clearance must be at least 92 inches. 
  
 Rail Carrier 
  
 WSOR 
  
 Delivery Information 
  
 Paper is received at Quad/Graphics-Hartford facility 24 hours per day, 7 days per week, and most holidays, 
  
 By Appointment Only. 
  
 Appointments for Hartford plant are to be made 48 hours in advance, Monday through Friday, 7:00 AM through 5:00 PM, at (262) 673-1148. When
the carrier calls for an appointment, they will be given an appointment number. This number will be needed for off loading of roll stock. 
  
 When calling for an appointment, the PURCHASE ORDER is required to ensure delivery to the correct facility, and to accommodate delivery due date, based on receiving paper
24 hours a day, 7 days a week. 
  

 10 

 Lomira 
  

			
	 Plant Address:
	  	 952 Badger Road
 Lomira, WI 53048

	 Ship To Address:
	  	 
	 Truck:
	  	 952 Badger Road
 Lomira, WI 53048

	 	  	The paper is located in the southeast corner, between dock doors 1 and 2
	 	  	Phone: (920) 269-5522
	 	  	Fax: (920) 269-7032
	 Rail:
	  	 Canadian National
 952 Badger Road
 Lomira, WI 53048

	 Plant Contacts
	  	 
	 Paper Warehousing:
	  	Phone: (920) 269-5522
	 	  	Fax: (920) 269-7032
	 Electronic Transmissions:
	  	Phone: (414) 566-6000
		
	 	  	Information Systems Department

  
 Transportation Instructions

  
 Lomira facility cannot receive short height containers - does not have
the ability to unload shipment - inside height clearance must be at least 92 inches. 
  
 Rail Carrier 
  
 Canadian National 
  
 Delivery Information 
  
 Paper is received at Quad/Graphics-Lomira facility 24 hours per day, 7 days per week, and most holidays, 
  
 By Appointment Only. 
  
 Appointments for Lomira plant are to be made 48 hours in advance, Monday through Friday, 7:00 AM through 5:00 PM, at (920) 269-5522. When
the carrier calls for an appointment, they will be given an appointment number. This number will be needed for off loading of roll stock. 
  
 When calling for an appointment, the PURCHASE ORDER is required to ensure delivery to the correct facility, and to accommodate delivery due date, based on receiving paper
24 hours a day, 7 days a week. 
  

 11 

 Saratoga Springs 
  

			
	 Plant Address:
	  	 56 Duplainville Road
 Saratoga Springs, NY
12866

	 Ship To Address:
	  	 
	 Truck:
	  	 56 Duplainville Road
 Saratoga Springs, NY
12866

	 	  	Deliveries to dock doors 4-5, 31-36
	 	  	Phone: (518) 581-4149
	 	  	Fax: (518) 581-4884
	 Rail:
	  	56 Duplainville Road Saratoga Springs, NY 12866
	 Plant Contacts
	  	 
	 Paper Warehousing:
	  	Phone: (518) 581-4149
	 	  	Fax: (518) 581-4884
	 Electronic Transmissions:
	  	Phone: (414) 566-6000
	 	  	Information Systems Department

  
 Transportation Instructions

  
 Saratoga Springs facility cannot receive short height containers - does
not have the ability to unload shipment - inside height clearance must be at least 92 inches. 
  
 Rail Carrier 
  
 Canadian Pacific Railway

  
 Delivery Information 
  
 Paper is received at Quad/Graphics-Saratoga Springs facility 24 hours per day, 7 days per
week, and most holidays, 
  
 By Appointment Only. 
  
 Appointments for Saratoga Springs plant are to be made 48 hours in advance, Monday through
Friday, 7:00 AM through 5:00 PM, at (518) 581-4149. When the carrier calls for an appointment, they will be given an appointment number. This number will be needed for off loading of roll stock. 
  
 When calling for an appointment, the PURCHASE ORDER is required to ensure delivery to the
correct facility, and to accommodate delivery due date, based on receiving paper 24 hours a day, 7 days a week. 
  

 12 

 Martinsburg 
  

			
	 Plant Address:
	  	 855 Caperton Boulevard
 Martinsburg, WV
25401

	 Ship To Address:
	  	 
	 Truck:
	  	 855 Caperton Boulevard
 Martinsburg, WV
25401

	 	  	Deliveries to dock doors 7-9
	 	  	Phone: (304) 262-7186
	 	  	Fax: (414) 566-9555
	 Rail:
	  	 855 Caperton Boulevard
 Martinsburg, WV
25401

	 Plant Contacts
	  	 
	 Paper Warehousing:
	  	Phone: (304) 262-7186
	 	  	Fax: (414) 566-9555
	 Electronic Transmissions:
	  	Phone: (414) 566-6000
	 	  	Information Systems Department

  
 Transportation Instructions

  
 Martinsburg facility cannot receive short height containers - does not
have the ability to unload shipment - inside height clearance must be at least 92 inches. 
  
 Rail Carrier 
  
 CSX Rail 
  
 Delivery Information 
  
 Paper is received at Quad/Graphics-Martinsburg facility 24 hours per day, 7 days per week, and most holidays, 
  
 By Appointment Only. 
  
 Appointments for Martinsburg plant are to be made 48 hours in advance, Monday through Friday, 7:00 AM through 5:00 PM, at (304) 262-7186.
When the carrier calls for an appointment, they will be given an appointment number. This number will be needed for off loading of roll stock. 
  
 When calling for an appointment, the PURCHASE ORDER is required to ensure delivery to the correct facility, and to accommodate delivery due date, based on receiving paper
24 hours a day, 7 days a week. 
  

 13 

 The Rock 
  

			
	 Plant Address:
	  	 100 Duplainville Road
 The Rock, GA
30285

	 Ship To Address:
	  	 
	 Truck:
	  	 100 Duplainville Road
 The Rock, GA
30285

	 	  	Deliveries to dock doors 4-6
	 	  	Phone: (706) 648-5233 or (706) 648-5245
	 	  	Fax: (706) 648-5811
	 Rail:
	  	Norfolk Southern
	 Plant Contacts
	  	(706) 648-5233 or (706) 648-5245
	 Paper Warehousing:
	  	Phone: (304) 262-7186
	 	  	Fax: (706) 648-5811
	 Electronic Transmissions:
	  	Phone: (414) 566-6000
	 	  	Information Systems Department

  
 Transportation Instructions

  
 The Rock facility cannot receive short height containers - does not have
the ability to unload shipment - inside height clearance must be at least 92 inches. 
  
 Rail Carrier 
  
 Norfolk Southern 
  
 Delivery Information 
  
 Paper is received at Quad/Graphics-The Rock facility 24 hours per day, 7 days per week, and most holidays, 
  
 By Appointment Only. 
  
 Appointments for The Rock plant are to be made 48 hours in advance, Monday through Friday, 7:00 AM through 5:00 PM, at (706) 648-5233 or
(706) 648-5245. When the carrier calls for an appointment, they will be given an appointment number. This number will be needed for off loading of roll stock. 
  

When calling for an appointment, the PURCHASE ORDER is required to ensure delivery to the correct facility, and to accommodate delivery due date, based on receiving
paper 24 hours a day, 7 days a week. 
  

 14 

 Oklahoma City 
  

			
	 Plant Address:
	  	 6801 South Sunnyland Road
 Oklahoma City, OK
73135

	 Ship To Address:
	  	 
	 Truck:
	  	 6801 South Sunnyland Road
 Oklahoma City, OK
73135

	 	  	Deliveries to dock doors 4-9
	 	  	Phone: (405) 264-4095
	 	  	Fax: (405) 264-4166
	 Rail:
	  	 6801 South Sunnyland Road
 Oklahoma City, OK
73135

	 Plant Contacts
	  	 
	 Paper Warehousing:
	  	Phone: (405) 264-4095
	 	  	Fax: (405) 264-4166
	 Electronic Transmissions:
	  	Phone: (414) 566-6000
	 	  	Information Systems Department

  
 Electronic Transmissions: Phone: (414)
566-6000 
  
 Information Systems Department 
  
 Transportation Instructions 
  
 The Oklahoma City facility cannot receive short height containers - does not have the
ability to unload shipment - inside height clearance must be at least 92 inches. 
  
 Rail Carrier 
  
 BNSF Railroad 
  
 Delivery Information 
  
 Paper is received at Quad/Graphics-Oklahoma City facility 24 hours/day, 7 days per week, with the exception of some holidays. 
  
 Appointments for the Oklahoma City plant are to be made 48 hours in advance, Monday through
Friday, 8:00 AM through 4:00 PM, at (405) 264-4095. When the carrier calls for an appointment, they will be given an appointment number. This number will be needed for off loading of roll stock. 
  
 When calling for an appointment, the PURCHASE ORDER is required to ensure delivery to the
correct facility, and to accommodate delivery due date, based on receiving paper five days a week (Monday - Friday). 
  
 Quad/Graphics Inc. 
  
 96" Cameron CT-16 Two Drum Slitter/Rewinder 
  
 Specifications 
  

			
	 Maximum Web Width             96"
	  	96”
	 Minimum Width of Unwind Roll
	  	9”

  

 15 

			
	 Maximum Roll Diameter
	  	60"
	 Maximum Rewind Diameter
	  	60"
	 Unwind Core Diameters
	  	3" and 6" I.D.
	 Rewind Core Diameters
	  	3" and 6" I.D.
	 Minimum Trim Required
	  	1⁄4”
	 Maximum No. Of Slits Strips
	  	8
	 Minimum Width of Slit Strips
	  	12”
	 Slitting Method / Wrap - around Shear
	  	 
	 Maximum Web Speed
	  	4000 FPM
	 Roll Wrap System
	  	 
	 Roll Wrap System
	  	 
	 (accommodates full range of diameters)
	  	 
	 Header Press
	  	 

  
 Individual or Multi-pack Wrapping

  
 Kraft or Stretch Wrapped 
  
 For more information call Mike George: Paper Warehousing, Lomira (920) 269 - 5521 or E-mail
mgeorge@corp.qgraph.com 
  

 16 

  
 American Media, Inc. &
Quad/Graphics, Inc. 
 Print Contract 
  
 Exhibit H 
 Ink Coverage Exhibit

  
 Ink Coverage Exhibit is a Sample Copy of the January
27th, 2004 
 Issue of Star 
  

  
 American Media, Inc &
Quad/Graphic, Inc. 
 Print Contract 
  
 Exhibit I 
 Sample Pro Forma Invoice 

 

														
	7	  	EXHIBIT I: STAR SAMPLE PRO FORMA INVOICE	  	 	  	 	  	 	  	 	 
	 	  	 3/4/2004
	  	 	  	 	  	 	  	 	  	 	 
	9	  	Year 1	  	 	  	 	  	 	  	 	  	 	 
	10	  	 PRINTING PLANT
	  	 	  	 	  	 	  	 	  	 	Quad Saratoga
	19	  	 	  	 	  	 	  	 	  	 	  	 	 
	26	  	 COST RECAP

	  	 	  	 	  	 	  	 	  	Amount

	27	  	 PRINTING COST
	  	 	  	 	  	 	  	 	  	 	 
	28	  	 TRANSMISSION COSTS - T1 Line
	  	 	  	 	  	 	  	 	  	$	 ***
	29	  	 PREP (rec. & handle files)
	  	 	  	 	  	 	  	 	  	$	 ***
	30	  	 PRESSWORK
	  	 	  	 	  	 	  	 	  	$	 ***
	31	  	 INK
	  	 	  	 	  	 	  	 	  	$	 ***
	32	  	 BINDING
	  	 	  	 	  	 	  	 	  	$	 ***
	33	  	 MAILING & NEWSSTAND BUNDLING
	  	 	  	 	  	 	  	 	  	$	 ***
	 	  	 	  	 	  	 	  	 	  	 	  	
	

	34	  	 	  	 	  	 	  	 	  	 	  	 	 
	35	  	 TOTAL PRINTING COST - Before Adj.
	  	 	  	 	  	 	  	 	  	$	***
	 	  	 	  	 	  	 	  	 	  	 	  	
	

	37	  	 ***% PRICING PREMIUM
	  	 	  	 	  	 	  	 	  	$	 ***
	38	  	 PAY TERMS ADJUSTMENT
	  	 	  	 	  	 	  	 	  	$	 ***
	 	  	 	  	 	  	 	  	 	  	 	  	
	

	41	  	 TOTAL PRINTING COST - Incl. Adj.
	  	 	  	 	  	 	  	 	  	$	 ***
	 	  	 	  	 	  	 	  	 	  	 	  	
	

	43	  	 	  	 	  	 	  	 	  	 	  	 	 
	44	  	 PAPER POUNDS

	  	 	  	 	  	 	  	 	  	Pounds

	45	  	 ***# COVER PAPER
	  	 	  	 	  	 	  	 	  	 	***
	46	  	 ***# BODY PAPER
	  	 	  	 	  	 	  	 	  	 	***
	47	  	 	  	 	  	 	  	 	  	 	  	 	 
	52	  	 MAGAZINE ISSUE STATISTICS
	  	 	  	 	  	 	  	 	  	 	 
	53	  	 PRINT ORDER (000’s)
	  	 	  	 	  	 	  	 	  	 	***
	54	  	 -N/S COPIES
	  	 	  	 	  	 	  	 	  	 	***
	55	  	 -MAILED COPIES
	  	 	  	 	  	 	  	 	  	 	***
	56	  	 -FOREIGN COPIES IN ENVELOPES
	  	 	  	 	  	 	  	 	  	 	***
	57	  	 -N/S GALLEY COPIES IN ENVELOPES
	  	 	  	 	  	 	  	 	  	 	***
	58	  	 -ENVELOPES FOR N/S GALLEY CPS
	  	 	  	 	  	 	  	 	  	 	***
	59	  	 CARTONS FOR BULK COPIES
	  	 	  	 	  	 	  	 	  	 	***
	60	  	 PAGES
	  	 	  	 	  	 	  	 	  	 	***
	61	  	 TRIM SIZE
	  	 	  	 	  	 	  	 	  	 	8 3/8" x 10 1/2"
	64	  	 No. of Saddle Stitchers
	  	 	  	 	  	 	  	 	  	 	***
	65	  	 No. of Mailing MR’s
	  	 	  	 	  	 	  	 	  	 	***
	66	  	 Mailing Mode - Labels: 1, Ink Jet: 2
	  	 	  	 	  	 	  	 	  	 	***
	67	  	 No. Bind-in Cards (Full Run)
	  	 	  	 	  	 	  	 	  	 	***
	68	  	 No. Bind-in 4 Pg Furn. Ins. (Full Run)
	  	 	  	 	  	 	  	 	  	 	***
	69	  	 No. Blow-in Cards (Full Run)
	  	 	  	 	  	 	  	 	  	 	***
	70	  	 No. of 4/c Plate Changes
	  	 	  	 	  	 	  	 	  	 	***
	71	  	 	  	 	  	 	  	 	  	 	  	 	 
	72	  	 	  	 	  	 	  	 	  	 	  	 	 
	73	  	 FORMS

	  	Form

	  	No. of Forms

	  	Pgs

	  	No. Up

	  	No. of Sigs.

	74	  	 Cover Form
	  	4 Page Cover 4 Up	  	1	  	4	  	4	  	 	***
	75	  	 Body Form #1
	  	***	  	***	  	***	  	***	  	 	***
	76	  	 Body Form #2
	  	***	  	***	  	***	  	***	  	 	***
	 	  	 	  	 	  	 	  	
	  	 	  	
	

	78	  	 Totals
	  	 	  	 	  	***	  	 	  	 	***
	 	  	 	  	 	  	 	  	
	  	 	  	
	

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

  

 Page 1 

																			
	 	  	EXHIBIT I: STAR SAMPLE PRO FORMA INVOICE	  	 	 	  	 	  	 	 	 	 	 	Quad Saratoga
								
	83	  	 PRINTING COSTS

	  	 	  	QTY.

	  	QTY.

	  	 	  	RATE ($)

	 	 	AMOUNT ($)

	84	  	TRANSMISSION COSTS - T1 Line ($***/page)	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	85	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	86	  	PREP - Receive & Handle Pages	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	87	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	88	  	PRESSWORK (incl. paper handling)	  	 	  	No. Forms	  	 	 	  	 	  	 	 	 	 	 	 
	89	  	4 Page Cover ***	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	4 Page Cover 4 Up
	90	  	MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	91	  	Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	96	  	Press Stop & 4/c Plate Change	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	97	  	Epson Proofs - Per 4/c Page	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	98	  	Body Form #1	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	***
	99	  	MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	100	  	Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	101	  	Epson Proofs - Per 4/c Page	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	102	  	Body Form #2	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	***
	103	  	MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	104	  	Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	105	  	Epson Proofs - Per 4/c Page	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	112	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	113	  	Total Presswork	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	114	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	115	  	INK	  	 	  	Pages	  	 	Print Order	  	 	  	 	 	 	 	 	 
	116	  	Cover Pgs - 4/c	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	117	  	Cover Pgs - Add’l for 5th Color (Metallic - less than 20%)	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	118	  	Cover Pgs - Add’l for Varnish (Gloss varnish)	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	119	  	Body Pgs - 4/c	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	121	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	122	  	Total Ink	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	123	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
								
	125	  	 BINDING

	  	 	  	Pkts/

	  	No. Stitchers/

	  	 	  	RATE ($)

	 	 	AMOUNT ($)

	126	  	 	  	 	  	No. Inserts	  	Print Order	  	 	  	 	 	 	 
	127	  	Base Sigs. - MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	128	  	Base Sigs. - Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	129	  	Bind-in Card - MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	130	  	Bind-in Card - Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	131	  	Bind-in 4 Pg Insert - MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	132	  	Bind-in 4 Pg Insert - Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	133	  	Blow-in Card - MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	134	  	Blow-in Card - Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	135	  	Lot change, per signature	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	136	  	Handle Furnished Inserts - Per Skid	  	***	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	140	  	Total Binding	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	141	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	142	  	MAILING & NEWSSTAND BUNDLING	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	143	  	Apply Address Label to Cover and Mail, MR	  	 	  	 	  	 	***	  	Stitcher	  	$	***	 	 	$	 ***
	144	  	Apply Address Label to Cover and Mail, Run	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	145	  	Ink jet address ( single position ), MR	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	146	  	Ink jet address ( single position ), Run	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	147	  	Prepare N/S Bundles of 50’s & Load, MR	  	 	  	 	  	 	***	  	Stitchers	  	$	***	 	 	$	 ***
	148	  	Prepare N/S Bundles of 50’s & Load, Run	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	149	  	Foreign Copies - Insert Copy in Envelope & Affix Label	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	150	  	N/S Galley Copies - Insert 1 - 10 Copies in Printer Supplied Envelopes & Affix Label - Per Package	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	151	  	Cartons	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	155	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	156	  	Total Mailing & Newsstand Bundling	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	157	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	158	  	TOTAL PRINTING - Before Adjustments	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	160	  	***% PRICING PREMIUM	  	 	  	 	  	$	***	  	 	  	 	***	%	 	$	 ***
	162	  	***% CREDIT IF PAYMENT IN *** DAYS OF INVOICE DATE	  	 	  	 	  	$	***	  	 	  	 	***	%	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	166	  	TOTAL PRINTING - Including Adjustments	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

  

 Page 2 

															
	169	  	EXHIBIT I: STAR SAMPLE PRO FORMA INVOICE	  	 	  	 	  	 	  	 	  	 	  	 
	170	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	172	  	PRINTING PLANT	  	 	  	 	  	 	  	 	  	 	  	Quad Saratoga
	173	  	PRINT ORDER	  	 	  	 	  	 	  	 	  	 	  	***
	174	  	PAGES	  	 	  	 	  	 	  	 	  	 	  	***
	175	  	TRIM SIZE	  	 	  	 	  	 	  	 	  	 	  	8 3/8" x 10 1/2"
	176	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	177	  	 PAPER

	  	 	  	QTY.

	  	QTY.

	  	 	  	RATE (Lbs.)

	  	AMOUNT (Lbs.)

	178	  	 ***# COVER PAPER
	  	 	  	No. Forms	  	 	  	Bs. Wt.:	  	***	  	 
	179	  	4 Page Cover ***	  	 	  	 	  	 	  	 	  	 	  	4 Page Cover 4 Up
	180	  	M Wt.	  	 	  	 	  	 	  	 	  	***	  	 
	181	  	Number of Webs	  	 	  	 	  	 	  	 	  	***	  	 
	182	  	Offset Press Cutoff	  	 	  	 	  	 	  	 	  	***	  	 
	183	  	Web Width	  	 	  	 	  	 	  	 	  	***	  	 
	184	  	MR	  	 	  	***	  	***	  	***	  	***	  	***
	185	  	Run	  	 	  	***	  	***	  	***	  	***	  	***
	190	  	Press Stop & 4/c Plate Change	  	 	  	***	  	***	  	***	  	***	  	***
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	

	192	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	193	  	Total Cover Pounds	  	 	  	 	  	 	  	 	  	 	  	***
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	

	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	197	  	***# BODY PAPER	  	 	  	No. Forms	  	 	  	Bs. Wt.:	  	***	  	 
	205	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	206	  	Body Form #1	  	 	  	 	  	 	  	 	  	 	  	***
	207	  	M Wt.	  	 	  	 	  	 	  	 	  	***	  	 
	208	  	Number of Webs	  	 	  	 	  	 	  	 	  	***	  	 
	209	  	Offset Press Cutoff	  	 	  	 	  	 	  	 	  	***	  	 
	210	  	Web Width	  	 	  	 	  	 	  	 	  	***	  	 
	211	  	MR	  	 	  	***	  	***	  	***	  	***	  	***
	212	  	Run	  	 	  	***	  	***	  	***	  	***	  	***
	214	  	Body Form #2	  	 	  	***	  	***	  	 	  	 	  	***
	215	  	M Wt.	  	 	  	 	  	 	  	 	  	***	  	 
	216	  	Number of Webs	  	 	  	 	  	 	  	 	  	***	  	 
	217	  	Offset Press Cutoff	  	 	  	 	  	 	  	 	  	***	  	 
	218	  	Web Width	  	 	  	 	  	 	  	 	  	***	  	 
	219	  	MR	  	 	  	***	  	***	  	***	  	***	  	***
	220	  	Run	  	 	  	***	  	***	  	***	  	***	  	***
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	

	231	  	Total Body Pounds	  	 	  	 	  	 	  	 	  	 	  	***
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

  

 Page 3 

																
	7	  	EXHIBIT I: STAR SAMPLE PRO FORMA INVOICE	  	 	  	 	  	 	  	 	 
	 	  	3/4/2004	  	 	  	 	  	 	  	 	  	 	  	 	 
	9	  	Year 1	  	 	  	 	  	 	  	 	  	 	  	 	 
	10	  	PRINTING PLANT	  	 	  	 	  	 	  	 	  	 	  	 	Quad Sussex
	19	  	 	  	 	  	 	  	 	  	 	  	 	  	 	 
	26	  	 COST RECAP

	  	 	  	 	  	 	  	 	  	 	  	Amount

	27	  	PRINTING COST	  	 	  	 	  	 	  	 	  	 	  	 	 
	28	  	TRANSMISSION COSTS - T1 Line	  	 	  	 	  	 	  	 	  	 	  	 Transmission cost incl.
 in Saratoga pro forma

	29	  	PREP (rec. & handle files)	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	30	  	PRESSWORK	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	31	  	INK	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	32	  	BINDING	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	33	  	MAILING & NEWSSTAND BUNDLING	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	34	  	 	  	 	  	 	  	 	  	 	  	 	  	 	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	

	35	  	TOTAL PRINTING COST - Before Adj.	  	 	  	 	  	 	  	 	  	 	  	$	***
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	

	37	  	***% PRICING PREMIUM	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	38	  	PAY TERMS ADJUSTMENT	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	

	41	  	TOTAL PRINTING COST - Incl. Adj.	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	

	43	  	 	  	 	  	 	  	 	  	 	  	 	  	 	 
	44	  	 PAPER POUNDS

	  	 	  	 	  	 	  	 	  	 	  	Pounds

	45	  	***# COVER PAPER	  	 	  	 	  	 	  	 	  	 	  	 	***
	46	  	***# BODY PAPER	  	 	  	 	  	 	  	 	  	 	  	 	***
	47	  	 	  	 	  	 	  	 	  	 	  	 	  	 	 
	52	  	MAGAZINE ISSUE STATISTICS	  	 	  	 	  	 	  	 	  	 	  	 	 
	53	  	PRINT ORDER (000’s)	  	 	  	 	  	 	  	 	  	 	  	 	***
	54	  	-N/S COPIES	  	 	  	 	  	 	  	 	  	 	  	 	***
	55	  	-MAILED COPIES	  	 	  	 	  	 	  	 	  	 	  	 	***
	56	  	-FOREIGN COPIES IN ENVELOPES	  	 	  	 	  	 	  	 	  	 	  	 	***
	57	  	-N/S GALLEY COPIES IN ENVELOPES	  	 	  	 	  	 	  	 	  	 	  	 	***
	58	  	—ENVELOPES FOR N/S GALLEY CPS	  	 	  	 	  	 	  	 	  	 	  	 	***
	59	  	CARTONS FOR BULK COPIES	  	 	  	 	  	 	  	 	  	 	  	 	***
	60	  	PAGES	  	 	  	 	  	 	  	 	  	 	  	 	***
	61	  	TRIM SIZE	  	 	  	 	  	 	  	 	  	 	  	 	8 3/8" x 10 1/2"
	64	  	No. of Saddle Stitchers	  	 	  	 	  	 	  	 	  	 	  	 	***
	65	  	No. of Mailing MR’s	  	 	  	 	  	 	  	 	  	 	  	 	***
	66	  	Mailing Mode - Labels: 1, Ink Jet: 2	  	 	  	 	  	 	  	 	  	 	  	 	***
	67	  	No. Bind-in Cards (Full Run)	  	 	  	 	  	 	  	 	  	 	  	 	***
	68	  	No. Bind-in 4 Pg Furn. Ins. (Full Run)	  	 	  	 	  	 	  	 	  	 	  	 	***
	69	  	No. Blow-in Cards (Full Run)	  	 	  	 	  	 	  	 	  	 	  	 	***
	70	  	No. of 4/c Plate Changes	  	 	  	 	  	 	  	 	  	 	  	 	***
	71	  	 	  	 	  	 	  	 	  	 	  	 	  	 	 
	72	  	 	  	 	  	 	  	 	  	 	  	 	  	 	 
	73	  	 FORMS

	  	 	  	Form

	  	No. of Forms

	  	Pgs

	  	No. Up

	  	No. of Sigs.

	74	  	Cover Form	  	 	  	4 Page Cover 4 Up	  	1	  	4	  	4	  	 	***
	75	  	Body Form #1	  	 	  	***	  	***	  	***	  	***	  	 	***
	76	  	Body Form #2	  	 	  	***	  	***	  	***	  	***	  	 	***
	 	  	 	  	 	  	 	  	 	  	
	  	 	  	
	

	78	  	Totals	  	 	  	 	  	 	  	***	  	 	  	 	***
	 	  	 	  	 	  	 	  	 	  	
	  	 	  	
	

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

  

 Page 1 

																			
	 	  	EXHIBIT I: STAR SAMPLE PRO FORMA INVOICE	  	 	 	  	 	  	 	 	 	 	 	Quad Sussex
								
	83	  	 PRINTING COSTS

	  	 	  	QTY.

	  	QTY.

	  	 	  	RATE ($)

	 	 	AMOUNT ($)

	84	  	TRANSMISSION COSTS - T1 Line ($***/page)	  	 	  	 	  	Cost for all four plants included in Saratoga pro forma
	86	  	PREP - Receive & Handle Pages	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	87	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	88	  	PRESSWORK (incl. paper handling)	  	 	  	No. Forms	  	 	 	  	 	  	 	 	 	 	 	 
	89	  	4 Page Cover ***	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	4 Page Cover 4 Up
	90	  	MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	91	  	Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	96	  	Press Stop & 4/c Plate Change	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	97	  	Epson Proofs - Per 4/c Page	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	98	  	Body Form #1	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	***
	99	  	MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	100	  	Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	101	  	Epson Proofs - Per 4/c Page	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	102	  	Body Form #2	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	***
	103	  	MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	104	  	Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	105	  	Epson Proofs - Per 4/c Page	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	112	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	113	  	Total Presswork	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	114	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	115	  	INK	  	 	  	Pages	  	 	Print Order	  	 	  	 	 	 	 	 	 
	116	  	Cover Pgs - 4/c	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	117	  	Cover Pgs - Add’l for 5th Color (Metallic - less than 20%)	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	118	  	Cover Pgs - Add’l for Varnish (Gloss varnish)	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	119	  	Body Pgs - 4/c	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	121	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	122	  	Total Ink	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	123	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	125	  	 BINDING

	  	 	  	Pkts/

	  	No. Stitchers/

	  	 	  	RATE ($)

	 	 	AMOUNT ($)

	126	  	 	  	 	  	No. Inserts	  	Print Order	  	 	  	 	 	 	 
	127	  	Base Sigs. - MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	128	  	Base Sigs. - Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	129	  	Bind-in Card - MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	130	  	Bind-in Card - Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	131	  	Bind-in 4 Pg Insert - MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	132	  	Bind-in 4 Pg Insert - Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	133	  	Blow-in Card - MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	134	  	Blow-in Card - Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	135	  	Lot change, per signature	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	136	  	Handle Furnished Inserts - Per Skid	  	***	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	140	  	Total Binding	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	141	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	142	  	MAILING & NEWSSTAND BUNDLING	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	143	  	Apply Address Label to Cover and Mail, MR	  	 	  	 	  	 	***	  	Stitcher	  	$	***	 	 	$	 ***
	144	  	Apply Address Label to Cover and Mail, Run	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	145	  	Ink jet address ( single position ), MR	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	146	  	Ink jet address ( single position ), Run	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	147	  	Prepare N/S Bundles of 50’s & Load, MR	  	 	  	 	  	 	***	  	Stitchers	  	$	***	 	 	$	 ***
	148	  	Prepare N/S Bundles of 50’s & Load, Run	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	149	  	Foreign Copies - Insert Copy in Envelope & Affix Label	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	150	  	N/S Galley Copies - Insert 1 - 10 Copies in Printer Supplied Envelopes & Affix Label - Per Package	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	151	  	Cartons	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	155	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	156	  	Total Mailing & Newsstand Bundling	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	157	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	158	  	TOTAL PRINTING - Before Adjustments	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	160	  	***% PRICING PREMIUM	  	 	  	 	  	$	***	  	 	  	 	***	%	 	$	 ***
	162	  	***% CREDIT IF PAYMENT IN *** DAYS OF INVOICE DATE	  	 	  	 	  	$	***	  	 	  	 	***	%	 	$	***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	166	  	TOTAL PRINTING - Including Adjustments	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

  

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	169	  	EXHIBIT I: STAR SAMPLE PRO FORMA INVOICE	  	 	  	 	 	 	 	  	 
	170	  	 	  	 	  	 	  	 	 	 	 	  	 
	172	  	PRINTING PLANT	  	 	  	 	  	 	 	 	 	  	Quad Sussex
	173	  	PRINT ORDER	  	 	  	 	  	 	 	 	 	  	***
	174	  	PAGES	  	 	  	 	  	 	 	 	 	  	***
	175	  	TRIM SIZE	  	 	  	 	  	 	 	 	 	  	8 3/8” x 10 1/2”
	176	  	 	  	 	  	 	  	 	 	 	 	  	 
	177	  	 PAPER

	  	QTY.

	  	QTY.

	  	 	 	 	RATE (Lbs.)

	  	 AMOUNT (Lbs.)

	178	  	***# COVER PAPER	  	No. Forms	  	 	  	Bs. Wt.:	 	 	***	  	 
	179	  	 4 Page Cover ***
	  	 	  	 	  	 	 	 	 	  	 4 Page Cover 4 Up

	180	  	M Wt.	  	 	  	 	  	 	 	 	***	  	 
	181	  	Number of Webs	  	 	  	 	  	 	 	 	***	  	 
	182	  	Offset Press Cutoff	  	 	  	 	  	 	 	 	***	  	 
	183	  	Web Width	  	 	  	 	  	 	 	 	***	  	 
	184	  	MR	  	***	  	***	  	***	 	 	***	  	***
	185	  	Run	  	***	  	***	  	***	%	 	***	  	***
	190	  	Press Stop & 4/c Plate Change	  	***	  	***	  	***	 	 	***	  	***
	192	  	 	  	 	  	 	  	 	 	 	 	  	 
	 	  	 	  	 	  	 	  	 	 	 	 	  	

	193	  	Total Cover Pounds	  	 	  	 	  	 	 	 	 	  	***
	 	  	 	  	 	  	 	  	 	 	 	 	  	

	197	  	***# BODY PAPER	  	No. Forms	  	 	  	Bs. Wt.:	 	 	***	  	 
	205	  	 	  	 	  	 	  	 	 	 	 	  	 
	206	  	Body Form #1	  	 	  	 	  	 	 	 	 	  	***
	207	  	M Wt.	  	 	  	 	  	 	 	 	***	  	 
	208	  	Number of Webs	  	 	  	 	  	 	 	 	***	  	 
	209	  	Offset Press Cutoff	  	 	  	 	  	 	 	 	***	  	 
	210	  	Web Width	  	 	  	 	  	 	 	 	***	  	 
	211	  	MR	  	***	  	***	  	***	 	 	***	  	***
	212	  	Run	  	***	  	***	  	***	%	 	***	  	***
	214	  	Body Form #2	  	***	  	***	  	 	 	 	 	  	***
	215	  	M Wt.	  	 	  	 	  	 	 	 	***	  	 
	216	  	Number of Webs	  	 	  	 	  	 	 	 	***	  	 
	217	  	Offset Press Cutoff	  	 	  	 	  	 	 	 	***	  	 
	218	  	Web Width	  	 	  	 	  	 	 	 	***	  	 
	219	  	MR	  	***	  	***	  	***	 	 	***	  	***
	220	  	Run	  	***	  	***	  	***	%	 	***	  	***
	 	  	 	  	 	  	 	  	 	 	 	 	  	

	231	  	Total Body Pounds	  	 	  	 	  	 	 	 	 	  	***
	 	  	 	  	 	  	 	  	 	 	 	 	  	

  

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 Page 3 

														
	7	  	EXHIBIT I: STAR SAMPLE PRO FORMA INVOICE
	 	  	3/4/2004	  	 	  	 	  	 	  	 	  	 	 
	9	  	Year 1	  	 	  	 	  	 	  	 	  	 	 
	10	  	PRINTING PLANT	  	 	  	 	  	 	  	 	  	 	Quad The Rock
	19	  	 	  	 	  	 	  	 	  	 	  	 	 
	26	  	 COST RECAP

	  	 	  	 	  	 	  	 	  	Amount

	27	  	PRINTING COST	  	 	  	 	  	 	  	 	  	 	 
	28	  	TRANSMISSION COSTS - T1 Line	  	 	  	 	  	 	  	 	  	 Transmission cost incl.
 in Saratoga pro forma

	29	  	PREP (rec. & handle files)	  	 	  	 	  	 	  	 	  	$	 ***
	30	  	PRESSWORK	  	 	  	 	  	 	  	 	  	$	 ***
	31	  	INK	  	 	  	 	  	 	  	 	  	$	 ***
	32	  	BINDING	  	 	  	 	  	 	  	 	  	$	 ***
	33	  	MAILING & NEWSSTAND BUNDLING	  	 	  	 	  	 	  	 	  	$	 ***
	 	  	 	  	 	  	 	  	 	  	 	  	
	

	34	  	 	  	 	  	 	  	 	  	 	  	 	 
	35	  	TOTAL PRINTING COST - Before Adj.	  	 	  	 	  	 	  	 	  	$	***
	 	  	 	  	 	  	 	  	 	  	 	  	
	

	37	  	***% PRICING PREMIUM	  	 	  	 	  	 	  	 	  	$	 ***
	38	  	PAY TERMS ADJUSTMENT	  	 	  	 	  	 	  	 	  	$	 ***
	 	  	 	  	 	  	 	  	 	  	 	  	
	

	41	  	TOTAL PRINTING COST - Incl. Adj.	  	 	  	 	  	 	  	 	  	$	 ***
	 	  	 	  	 	  	 	  	 	  	 	  	
	

	43	  	 	  	 	  	 	  	 	  	 	  	 	 
	44	  	 PAPER POUNDS

	  	 	  	 	  	 	  	 	  	Pounds

	45	  	***# COVER PAPER	  	 	  	 	  	 	  	 	  	 	***
	46	  	***# BODY PAPER	  	 	  	 	  	 	  	 	  	 	***
	47	  	 	  	 	  	 	  	 	  	 	  	 	 
	52	  	MAGAZINE ISSUE STATISTICS	  	 	  	 	  	 	  	 	  	 	 
	53	  	PRINT ORDER (000’s)	  	 	  	 	  	 	  	 	  	 	***
	54	  	-N/S COPIES	  	 	  	 	  	 	  	 	  	 	***
	55	  	-MAILED COPIES	  	 	  	 	  	 	  	 	  	 	***
	56	  	-FOREIGN COPIES IN ENVELOPES	  	 	  	 	  	 	  	 	  	 	***
	57	  	-N/S GALLEY COPIES IN ENVELOPES	  	 	  	 	  	 	  	 	  	 	***
	58	  	—ENVELOPES FOR N/S GALLEY CPS	  	 	  	 	  	 	  	 	  	 	***
	59	  	CARTONS FOR BULK COPIES	  	 	  	 	  	 	  	 	  	 	***
	60	  	PAGES	  	 	  	 	  	 	  	 	  	 	***
	61	  	TRIM SIZE	  	 	  	 	  	 	  	 	  	 	8 3/8" x 10 1/2”
	64	  	No. of Saddle Stitchers	  	 	  	 	  	 	  	 	  	 	***
	65	  	No. of Mailing MR’s	  	 	  	 	  	 	  	 	  	 	***
	66	  	Mailing Mode - Labels: 1, Ink Jet: 2	  	 	  	 	  	 	  	 	  	 	***
	67	  	No. Bind-in Cards (Full Run)	  	 	  	 	  	 	  	 	  	 	***
	68	  	No. Bind-in 4 Pg Furn. Ins. (Full Run)	  	 	  	 	  	 	  	 	  	 	***
	69	  	No. Blow-in Cards (Full Run)	  	 	  	 	  	 	  	 	  	 	***
	70	  	No. of 4/c Plate Changes	  	 	  	 	  	 	  	 	  	 	***
	71	  	 	  	 	  	 	  	 	  	 	  	 	 
	72	  	 	  	 	  	 	  	 	  	 	  	 	 
	73	  	 FORMS

	  	Form

	  	No. of Forms

	  	Pgs

	  	No. Up

	  	No. of Sigs.

	74	  	Cover Form	  	4 Page Cover 4 Up	  	1	  	4	  	4	  	 	***
	75	  	Body Form #1	  	***	  	***	  	***	  	***	  	 	***
	76	  	Body Form #2	  	***	  	***	  	***	  	***	  	 	***
	 	  	 	  	 	  	 	  	
	  	 	  	
	

	78	  	Totals	  	 	  	 	  	***	  	 	  	 	***
	 	  	 	  	 	  	 	  	
	  	 	  	
	

  

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 Page 1 

																			
	 	  	EXHIBIT I: STAR SAMPLE PRO FORMA INVOICE	  	 	  	 	 	 	Quad The Rock
								
	83	  	 PRINTING COSTS

	  	 	  	QTY.

	  	QTY.

	  	 	  	RATE ($)

	 	 	AMOUNT ($)

	84	  	TRANSMISSION COSTS - T1 Line ($***/page)	  	 	  	Cost for all four plants included in Saratoga pro forma
	86	  	 PREP - Receive & Handle Pages
	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	87	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	88	  	 PRESSWORK (incl. paper handling)
	  	 	  	No. Forms	  	 	 	  	 	  	 	 	 	 	 	 
	89	  	 4 Page Cover ***
	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	4 Page Cover 4 Up
	90	  	 MR
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	91	  	 Run
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	96	  	 Press Stop & 4/c Plate Change
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	97	  	 Epson Proofs - Per 4/c Page
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	98	  	 Body Form #1
	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	***
	99	  	 MR
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	100	  	 Run
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	101	  	 Epson Proofs - Per 4/c Page
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	102	  	 Body Form #2
	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	***
	103	  	 MR
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	104	  	 Run
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	105	  	 Epson Proofs - Per 4/c Page
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	112	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	113	  	 Total Presswork
	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	114	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	115	  	INK	  	 	  	Pages	  	 	Print Order	  	 	  	 	 	 	 	 	 
	116	  	 Cover Pgs - 4/c
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	117	  	Cover Pgs - Add’l for 5th Color (Metallic - less than 20%)	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	118	  	 Cover Pgs - Add’l for Varnish (Gloss varnish)
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	119	  	 Body Pgs - 4/c
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	121	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	122	  	 Total Ink
	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	123	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
								
	125	  	 BINDING

	  	 	  	Pkts/

	  	No. Stitchers/

	  	 	  	RATE ($)

	 	 	AMOUNT ($)

	126	  	 	  	 	  	No. Inserts	  	Print Order	  	 	  	 	 	 	 
	127	  	 Base Sigs. - MR
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	128	  	 Base Sigs. - Run
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	129	  	 Bind-in Card - MR
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	130	  	 Bind-in Card - Run
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	131	  	 Bind-in 4 Pg Insert - MR
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	132	  	 Bind-in 4 Pg Insert - Run
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	133	  	 Blow-in Card - MR
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	134	  	 Blow-in Card - Run
	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	135	  	 Lot change, per signature
	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	136	  	 Handle Furnished Inserts - Per Skid
	  	***	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	140	  	 Total Binding
	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	141	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	142	  	 MAILING & NEWSSTAND BUNDLING
	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	143	  	 Apply Address Label to Cover and Mail, MR
	  	 	  	 	  	 	***	  	Stitcher	  	$	***	 	 	$	 ***
	144	  	 Apply Address Label to Cover and Mail, Run
	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	145	  	 Ink jet address ( single position ), MR
	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	146	  	 Ink jet address ( single position ), Run
	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	147	  	 Prepare N/S Bundles of 50’s & Load, MR
	  	 	  	 	  	 	***	  	Stitchers	  	$	***	 	 	$	 ***
	148	  	 Prepare N/S Bundles of 50’s & Load, Run
	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	149	  	Foreign Copies - Insert Copy in Envelope & Affix Label	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	150	  	N/S Galley Copies - Insert 1 - 10 Copies in Printer Supplied Envelopes & Affix Label - Per Package	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	151	  	 Cartons
	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	155	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	156	  	 Total Mailing & Newsstand Bundling
	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	157	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	158	  	 TOTAL PRINTING - Before Adjustments
	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	160	  	 ***% PRICING PREMIUM
	  	 	  	 	  	$	***	  	 	  	 	***	%	 	$	 ***
	162	  	***% CREDIT IF PAYMENT IN *** DAYS OF INVOICE DATE	  	 	  	 	  	$	***	  	 	  	 	***	%	 	$	***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	166	  	TOTAL PRINTING - Including Adjustments	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

  

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	169	  	EXHIBIT I: STAR SAMPLE PRO FORMA INVOICE	  	 	  	 	 	 	 	  	 
	170	  	 	  	 	  	 	  	 	  	 	 	 	 	  	 
	172	  	 PRINTING PLANT
	  	 	  	 	  	 	  	 	 	 	 	  	Quad The Rock
	173	  	 PRINT ORDER
	  	 	  	 	  	 	  	 	 	 	 	  	***
	174	  	 PAGES
	  	 	  	 	  	 	  	 	 	 	 	  	***
	175	  	 TRIM SIZE
	  	 	  	 	  	 	  	 	 	 	 	  	8 3/8" x 10 1/2"
	176	  	 	  	 	  	 	  	 	  	 	 	 	 	  	 
	177	  	 PAPER

	  	 	  	QTY.

	  	QTY.

	  	 	 	 	RATE (Lbs.)

	  	AMOUNT (Lbs.)

	178	  	 ***# COVER PAPER
	  	 	  	No. Forms	  	 	  	Bs. Wt.:	 	 	***	  	 
	179	  	 4 Page Cover ***
	  	 	  	 	  	 	  	 	 	 	 	  	4 Page Cover 4 Up
	180	  	 M Wt.
	  	 	  	 	  	 	  	 	 	 	***	  	 
	181	  	 Number of Webs
	  	 	  	 	  	 	  	 	 	 	***	  	 
	182	  	 Offset Press Cutoff
	  	 	  	 	  	 	  	 	 	 	***	  	 
	183	  	 Web Width
	  	 	  	 	  	 	  	 	 	 	***	  	 
	184	  	 MR
	  	 	  	***	  	***	  	***	 	 	***	  	***
	185	  	 Run
	  	 	  	***	  	***	  	***	%	 	***	  	***
	190	  	 Press Stop & 4/c Plate Change
	  	 	  	***	  	***	  	***	 	 	***	  	***
	192	  	 	  	 	  	 	  	 	  	 	 	 	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	 	 	 	  	

	193	  	 Total Cover Pounds
	  	 	  	 	  	 	  	 	 	 	 	  	***
	 	  	 	  	 	  	 	  	 	  	 	 	 	 	  	

	197	  	 ***# BODY PAPER
	  	 	  	No. Forms	  	 	  	Bs. Wt.:	 	 	***	  	 
	205	  	 	  	 	  	 	  	 	  	 	 	 	 	  	 
	206	  	 Body Form #1
	  	 	  	 	  	 	  	 	 	 	 	  	***
	207	  	 M Wt.
	  	 	  	 	  	 	  	 	 	 	***	  	 
	208	  	 Number of Webs
	  	 	  	 	  	 	  	 	 	 	***	  	 
	209	  	 Offset Press Cutoff
	  	 	  	 	  	 	  	 	 	 	***	  	 
	210	  	 Web Width
	  	 	  	 	  	 	  	 	 	 	***	  	 
	211	  	 MR
	  	 	  	***	  	***	  	***	 	 	***	  	***
	212	  	 Run
	  	 	  	***	  	***	  	***	%	 	***	  	***
	214	  	 Body Form #2
	  	 	  	***	  	***	  	 	 	 	 	  	***
	215	  	 M Wt.
	  	 	  	 	  	 	  	 	 	 	***	  	 
	216	  	 Number of Webs
	  	 	  	 	  	 	  	 	 	 	***	  	 
	217	  	 Offset Press Cutoff
	  	 	  	 	  	 	  	 	 	 	***	  	 
	218	  	 Web Width
	  	 	  	 	  	 	  	 	 	 	***	  	 
	219	  	 MR
	  	 	  	***	  	***	  	***	 	 	***	  	***
	220	  	 Run
	  	 	  	***	  	***	  	***	%	 	***	  	***
	 	  	 	  	 	  	 	  	 	  	 	 	 	 	  	

	231	  	 Total Body Pounds
	  	 	  	 	  	 	  	 	 	 	 	  	***
	 	  	 	  	 	  	 	  	 	  	 	 	 	 	  	

  

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 Page 3 

																
	7	  	EXHIBIT I: STAR SAMPLE PRO FORMA INVOICE	  	 	  	 	  	 	  	 	 
	 	  	3/4/2004	  	 	  	 	  	 	  	 	  	 	  	 	 
	9	  	Year 1	  	 	  	 	  	 	  	 	  	 	  	 	 
	10	  	PRINTING PLANT	  	 	  	 	  	 	  	 	  	 	  	 	Quad Okla City
	19	  	 	  	 	  	 	  	 	  	 	  	 	  	 	 
	26	  	 COST RECAP

	  	 	  	 	  	 	  	 	  	 	  	Amount

	27	  	PRINTING COST	  	 	  	 	  	 	  	 	  	 	  	 	 
	28	  	TRANSMISSION COSTS - T1 Line	  	 	  	 	  	 	  	 	  	 	  	Transmission cost incl.
in Saratoga pro forma
	29	  	PREP (rec. & handle files)	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	30	  	PRESSWORK	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	31	  	INK	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	32	  	BINDING	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	33	  	MAILING & NEWSSTAND BUNDLING	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	34	  	 	  	 	  	 	  	 	  	 	  	 	  	 	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	

	35	  	TOTAL PRINTING COST - Before Adj.	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	

	37	  	***% PRICING PREMIUM	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	38	  	PAY TERMS ADJUSTMENT	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	

	41	  	TOTAL PRINTING COST - Incl. Adj.	  	 	  	 	  	 	  	 	  	 	  	$	 ***
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	

	43	  	 	  	 	  	 	  	 	  	 	  	 	  	 	 
	44	  	 PAPER POUNDS

	  	 	  	 	  	 	  	 	  	 	  	Pounds

	45	  	***# COVER PAPER	  	 	  	 	  	 	  	 	  	 	  	 	***
	46	  	***# BODY PAPER	  	 	  	 	  	 	  	 	  	 	  	 	***
	47	  	 	  	 	  	 	  	 	  	 	  	 	  	 	 
	52	  	MAGAZINE ISSUE STATISTICS	  	 	  	 	  	 	  	 	  	 	  	 	 
	53	  	PRINT ORDER (000’s)	  	 	  	 	  	 	  	 	  	 	  	 	***
	54	  	-N/S COPIES	  	 	  	 	  	 	  	 	  	 	  	 	***
	55	  	-MAILED COPIES	  	 	  	 	  	 	  	 	  	 	  	 	***
	56	  	-FOREIGN COPIES IN ENVELOPES	  	 	  	 	  	 	  	 	  	 	  	 	***
	57	  	-N/S GALLEY COPIES IN ENVELOPES	  	 	  	 	  	 	  	 	  	 	  	 	***
	58	  	—ENVELOPES FOR N/S GALLEY CPS	  	 	  	 	  	 	  	 	  	 	  	 	***
	59	  	CARTONS FOR BULK COPIES	  	 	  	 	  	 	  	 	  	 	  	 	***
	60	  	PAGES	  	 	  	 	  	 	  	 	  	 	  	 	***
	61	  	TRIM SIZE	  	 	  	 	  	 	  	 	  	 	  	 	8 3/8" x 10 1/2"
	64	  	No. of Saddle Stitchers	  	 	  	 	  	 	  	 	  	 	  	 	***
	65	  	No. of Mailing MR’s	  	 	  	 	  	 	  	 	  	 	  	 	***
	66	  	Mailing Mode - Labels: 1, Ink Jet: 2	  	 	  	 	  	 	  	 	  	 	  	 	***
	67	  	No. Bind-in Cards (Full Run)	  	 	  	 	  	 	  	 	  	 	  	 	***
	68	  	No. Bind-in 4 Pg Furn. Ins. (Full Run)	  	 	  	 	  	 	  	 	  	 	  	 	***
	69	  	No. Blow-in Cards (Full Run)	  	 	  	 	  	 	  	 	  	 	  	 	***
	70	  	No. of 4/c Plate Changes	  	 	  	 	  	 	  	 	  	 	  	 	***
	71	  	 	  	 	  	 	  	 	  	 	  	 	  	 	 
	72	  	 	  	 	  	 	  	 	  	 	  	 	  	 	 
	73	  	 FORMS

	  	 	  	Form

	  	No. of Forms

	  	Pgs

	  	No. Up

	  	No. of Sigs.

	74	  	Cover Form	  	 	  	4 Page Cover 4 Up	  	1	  	4	  	4	  	 	***
	75	  	Body Form #1	  	 	  	***	  	***	  	***	  	***	  	 	***
	76	  	Body Form #2	  	 	  	***	  	***	  	***	  	***	  	 	***
	 	  	 	  	 	  	 	  	 	  	
	  	 	  	
	

	78	  	Totals	  	 	  	 	  	 	  	***	  	 	  	 	***
	 	  	 	  	 	  	 	  	 	  	
	  	 	  	
	

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

  

 Page 1 

																			
	 	  	EXHIBIT I: STAR SAMPLE PRO FORMA INVOICE	  	 	 	  	 	  	 	 	 	 	 	Quad Okla City
								
	83	  	 PRINTING COSTS

	  	 	  	QTY.

	  	QTY.

	  	 	  	RATE ($)

	 	 	AMOUNT ($)

	84	  	TRANSMISSION COSTS - T1 Line ($***/page)	  	 	  	 	  	Cost for all four plants included in Saratoga pro forma
	86	  	PREP - Receive & Handle Pages	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	87	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	88	  	PRESSWORK (incl. paper handling)	  	 	  	No. Forms	  	 	 	  	 	  	 	 	 	 	 	 
	89	  	4 Page Cover ***	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	4 Page Cover 4 Up
	90	  	MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	91	  	Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	96	  	Press Stop & 4/c Plate Change	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	97	  	Epson Proofs - Per 4/c Page	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	98	  	Body Form #1	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	***
	99	  	MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	100	  	Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	101	  	Epson Proofs - Per 4/c Page	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	102	  	Body Form #2	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	***
	103	  	MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	104	  	Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	105	  	Epson Proofs - Per 4/c Page	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	112	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	113	  	Total Presswork	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	114	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	115	  	INK	  	 	  	Pages	  	 	Print Order	  	 	  	 	 	 	 	 	 
	116	  	Cover Pgs - 4/c	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	117	  	Cover Pgs - Add’l for 5th Color (Metallic - less than 20%)	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	118	  	Cover Pgs - Add’l for Varnish (Gloss varnish)	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	119	  	Body Pgs - 4/c	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	121	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	122	  	Total Ink	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	123	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
								
	125	  	 BINDING

	  	 	  	Pkts/

	  	No. Stitchers/

	  	 	  	RATE ($)

	 	 	AMOUNT ($)

	126	  	 	  	 	  	No. Inserts	  	Print Order	  	 	  	 	 	 	 
	127	  	Base Sigs. - MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	128	  	Base Sigs. - Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	129	  	Bind-in Card - MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	130	  	Bind-in Card - Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	131	  	Bind-in 4 Pg Insert - MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	132	  	Bind-in 4 Pg Insert - Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	133	  	Blow-in Card - MR	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	134	  	Blow-in Card - Run	  	 	  	***	  	 	***	  	 	  	$	***	 	 	$	 ***
	135	  	Lot change, per signature	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	136	  	Handle Furnished Inserts - Per Skid	  	***	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	140	  	Total Binding	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	141	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	142	  	MAILING & NEWSSTAND BUNDLING	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	143	  	Apply Address Label to Cover and Mail, MR	  	 	  	 	  	 	***	  	Stitcher	  	$	***	 	 	$	 ***
	144	  	Apply Address Label to Cover and Mail, Run	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	145	  	Ink jet address ( single position ), MR	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	146	  	Ink jet address ( single position ), Run	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	147	  	Prepare N/S Bundles of 50’s & Load, MR	  	 	  	 	  	 	***	  	Stitchers	  	$	***	 	 	$	 ***
	148	  	Prepare N/S Bundles of 50’s & Load, Run	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	149	  	Foreign Copies - Insert Copy in Envelope & Affix Label	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	150	  	N/S Galley Copies - Insert 1 - 10 Copies in Printer Supplied Envelopes & Affix Label - Per Package	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	151	  	Cartons	  	 	  	 	  	 	***	  	 	  	$	***	 	 	$	 ***
	155	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	156	  	Total Mailing & Newsstand Bundling	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	157	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	 	 
	158	  	TOTAL PRINTING - Before Adjustments	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	160	  	***% PRICING PREMIUM	  	 	  	 	  	$	***	  	 	  	 	***	%	 	$	 ***
	162	  	***% CREDIT IF PAYMENT IN *** DAYS OF INVOICE DATE	  	 	  	 	  	$	***	  	 	  	 	***	%	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

	166	  	TOTAL PRINTING - Including Adjustments	  	 	  	 	  	 	 	  	 	  	 	 	 	 	$	 ***
	 	  	 	  	 	  	 	  	 	 	  	 	  	 	 	 	 	
	

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

  

 Page 2 

																
	169	  	EXHIBIT I: STAR SAMPLE PRO FORMA INVOICE
	170	  	 	  	 	  	 	  	 	  	 	 	 	 	  	 
	172	  	PRINTING PLANT	  	 	  	 	  	 	  	 	 	 	 	  	Quad Okla City
	173	  	PRINT ORDER	  	 	  	 	  	 	  	 	 	 	 	  	***
	174	  	PAGES	  	 	  	 	  	 	  	 	 	 	 	  	***
	175	  	TRIM SIZE	  	 	  	 	  	 	  	 	 	 	 	  	8 3/8" x 10 1/2"
	176	  	 	  	 	  	 	  	 	  	 	 	 	 	  	 
	177	  	 PAPER

	  	 	  	QTY.

	  	QTY.

	  	 	 	 	RATE (Lbs.)

	  	AMOUNT (Lbs.)

	178	  	***# COVER PAPER	  	 	  	No. Forms	  	 	  	Bs. Wt.:	 	 	***	  	 
	179	  	4 Page Cover ***	  	 	  	 	  	 	  	 	 	 	 	  	4 Page Cover 4 Up
	180	  	M Wt.	  	 	  	 	  	 	  	 	 	 	***	  	 
	181	  	Number of Webs	  	 	  	 	  	 	  	 	 	 	***	  	 
	182	  	Offset Press Cutoff	  	 	  	 	  	 	  	 	 	 	***	  	 
	183	  	Web Width	  	 	  	 	  	 	  	 	 	 	***	  	 
	184	  	MR	  	 	  	***	  	***	  	***	 	 	***	  	***
	185	  	Run	  	 	  	***	  	***	  	***	%	 	***	  	***
	190	  	Press Stop & 4/c Plate Change	  	 	  	***	  	***	  	***	 	 	***	  	***
	192	  	 	  	 	  	 	  	 	  	 	 	 	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	 	 	 	  	

	193	  	Total Cover Pounds	  	 	  	 	  	 	  	 	 	 	 	  	***
	 	  	 	  	 	  	 	  	 	  	 	 	 	 	  	

	197	  	***# BODY PAPER	  	 	  	No. Forms	  	 	  	Bs. Wt.:	 	 	***	  	 
	205	  	 	  	 	  	 	  	 	  	 	 	 	 	  	 
	206	  	Body Form #1	  	 	  	 	  	 	  	 	 	 	 	  	***
	207	  	M Wt.	  	 	  	 	  	 	  	 	 	 	***	  	 
	208	  	Number of Webs	  	 	  	 	  	 	  	 	 	 	***	  	 
	209	  	Offset Press Cutoff	  	 	  	 	  	 	  	 	 	 	***	  	 
	210	  	Web Width	  	 	  	 	  	 	  	 	 	 	***	  	 
	211	  	MR	  	 	  	***	  	***	  	***	 	 	***	  	***
	212	  	Run	  	 	  	***	  	***	  	***	%	 	***	  	***
	214	  	Body Form #2	  	 	  	***	  	***	  	 	 	 	 	  	***
	215	  	M Wt.	  	 	  	 	  	 	  	 	 	 	***	  	 
	216	  	Number of Webs	  	 	  	 	  	 	  	 	 	 	***	  	 
	217	  	Offset Press Cutoff	  	 	  	 	  	 	  	 	 	 	***	  	 
	218	  	Web Width	  	 	  	 	  	 	  	 	 	 	***	  	 
	219	  	MR	  	 	  	***	  	***	  	***	 	 	***	  	***
	220	  	Run	  	 	  	***	  	***	  	***	%	 	***	  	***
	 	  	 	  	 	  	 	  	 	  	 	 	 	 	  	

	231	  	Total Body Pounds	  	 	  	 	  	 	  	 	 	 	 	  	***
	 	  	 	  	 	  	 	  	 	  	 	 	 	 	  	

  

	***	Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. 

  

 Page 3 

 American Media, Inc. & Quad/Graphics, Inc. 
 Print Contract 
  
 Exhibit J 
 Quality Control Standards 
  

	***	This entire Exhibit J, consisting of 7 pages, has been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

  

 American Media, Inc. & Quad/Graphics, Inc. 
 Print Contract 
  
 Exhibit K 
 Printer’s Holiday Schedule 
  

 American Media, Inc. 
 Print Contract 
 Exhibit K 
  
 Printer’s Holiday Schedule* 
  

			
	 New Year’s Day
	  	7 a.m. January 1 to 7 a.m. January 2nd
		
	 Founder’s Day
	  	2nd Sunday in January, 7 p.m. Saturday to 7 p.m. Sunday
		
	 Easter
	  	7 a.m. Sunday to 7 a.m. Monday
		
	 Memorial Day
	  	7 a.m. Monday to 7 a.m. Tuesday
		
	 Independence Day
	  	7 a.m. July 4 to 7 a.m. July 5
		
	 Labor Day
	  	7 a.m. Monday to 7 a.m. Tuesday
		
	 Thanksgiving Day
	  	7 a.m. Thursday to 7 a.m. Friday
		
	 Christmas Eve Day
	  	7 a.m. December 24 to 7 a.m. December 25
		
	 Christmas Day
	  	7 a.m. December 25 to 7 a.m. December 26
		
	 New Year’s Eve Day
	  	7 a.m. December 31 to 7 a.m. January 1

  

	*	Holiday periods are subject to change by management. Holiday periods will be celebrated when possible by all employees on the day and night of that holiday, except for
Founder’s Day. The Founder’s Day holiday will be determined each year by the President and may change from time to time. 

  

 74Employment Agreement

  
 Exhibit 10.4

  
 EMPLOYMENT AGREEMENT 
 (Thomas E. Severson, Jr.) 
  
 EMPLOYMENT AGREEMENT (the “Agreement”) dated December 15, 2004 by and between American Media Operations, Inc. (the “Company” or
“AMI”) and Thomas E. Severson, Jr. (the “Executive”). 
  
 WHEREAS, the Company desires to employ Executive and to enter into an Agreement embodying the terms of such employment; 
  
 WHEREAS, Executive desires to accept such employment and enter into such an Agreement; 
  
 NOW, THEREFORE, in consideration of the premises and mutual covenants herein and for other good and valuable consideration,
the parties agree as follows: 
  
 1. Term of Employment;
Executive Representation. 
  
 a.
Employment Term . The Company shall employ Executive for a period of two (2) years commencing on December 20, 2004 (the “Effective Time”) and ending on December 19, 2006 (the “Employment Term”) on the terms and subject to
the conditions set forth in this Agreement. 
  
 b. Executive and Company Representations. Executive hereby represents and warrants to the Company that the execution of this Agreement by Executive and the Company, the delivery of this Agreement by Executive to the Company and the
performance by Executive of Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any employment Agreement or other agreement or policy to which Executive is a party or otherwise bound. The Company
represents and warrants to the Executive that the Company has the authority to enter into this Agreement with Executive, the person signing this Agreement has the authority of the Company to enter into this Agreement on behalf of the Company, and
that all corporate formalities necessary to bind the Company (including, but not limited to board of director approval of this Agreement) have been accomplished. 
  
 c. Prior Agreements. This Agreement supercedes all prior agreements and understandings (including
verbal agreements) between Executive and the Company and/or its affiliates regarding the terms and conditions of Executive’s employment with the Company and/or its affiliates (collectively, the “Prior Agreements”). 
  
 2. Position. 
  
 a. During Executive’s employment by the Company,
Executive shall serve as Senior Vice President/Chief Financial Officer (CFO) (subject to change at the discretion of the Company’s President). In such position, Executive shall report directly to the Company’s President and Chief Executive
Officer or his designee and shall have such duties and authority as shall be determined from time to time by the President/Chief Executive Officer of the Company. Business travel will be required. 
  
 b. During Executive’s employment with the Company,
Executive will devote Executive’s full business time and best efforts to the performance of Executive’s duties hereunder and will not engage in any other business, profession or occupation for compensation or otherwise which would conflict
with the rendition of such services either directly or indirectly, without the prior consent of the Company’s Chief Executive Officer. 
  

 3. Base Salary. During Executive’s employment with the Company, the Company shall pay
Executive a base salary (the “Base Salary”) at the annual rate of $275,000.00 (Two Hundred Seventy Five Thousand Dollars and Zero Cents), payable in regular installments in accordance with the Company’s usual payment practices.
Executive’s Base Salary will not decrease during the term of this Agreement. 
  
 4. Bonus Programs. 
  
 Annual Bonus. With respect to each full fiscal year during Executive’s employment with the Company effective as of the conclusion of FY 2006, Executive shall be eligible to earn an annual Bonus (a
“Bonus”) with an annual target of $225,000.00 (Two Hundred Twenty Five Thousand Dollars and Zero Cents) (the “Target Bonus”) based on the financial performance of the Company (based on the approved budget). The Target Bonus will
be reviewed and adjusted by the President/CEO on an annual basis (Exhibit “B”). Executive may also receive additional discretionary bonuses at the sole discretion of the President/CEO. For FY05, Executive’s bonus will be discretionary
and awarded at the sole discretion of the President/CEO. For FY05, Executive will be eligible for a bonus award in an amount from $0.00 to $56,250.00). 
  
 5A. Employee Benefits. During Executive’s employment with the Company, Executive shall be provided, in accordance with the terms of the
Company’s employee benefit plans as in effect from time to time, health insurance and short term and long term disability insurance, retirement benefits and fringe benefits (collectively “Employee Benefits”) on the same basis as those
benefits are generally made available to other similarly situated employees of the Company. Executive will receive 20 PTO (Personal Time Off) days per year. Executive will be permitted to fly business class on any flight over three hour long and
shall book said flight(s) through Company’s travel agent (if business class is not available on a certain route, first class travel will be permitted). 
  
 5B. Equity Arrangements (Class “B”). Executive will receive a grant of 500 (Five Hundred) Class “B” equity units. The grant
will be issued upon Executive’s date of hire. This grant will be subject to the terms and conditions of a Subscription Agreement, including, but not limited to, a vesting schedule. 
  
 5C. Equity Arrangements (Class “A”). Executive will be permitted to purchase up to $100,000.00 (One Hundred
Thousand Dollars and Zero Cents) of Class “A” Equity. Class “A” Equity will be subject to the terms and conditions of a Subscription Agreement. 
  
 5D. Relocation Incentive. Executive will receive a one-time relocation incentive of $5,000.00 (Five Thousand Dollars
and Zero Cents) to assist in the cost associated with Executive’s relocation to Southern Palm Beach County. Such payment will be payable on April 1, 2005. 
  

6. Termination. Notwithstanding any other provision of this Agreement, the provisions of this Section 6 shall exclusively govern
Executive’s rights upon termination of employment with the Company and its affiliates. Executive’s employment hereunder may be terminated by either party at any time and for any reason; provided that Executive will be required to
give the Company at least 30 days advance written notice of any resignation of Executive’s employment. If Executive’s employment is terminated by the Company, Executive shall be entitled to receive: 
  
 (A) the Base Salary through the date of termination;

  
 (B) any Annual Bonus earned but unpaid as of
the date of termination for any previously completed fiscal year; and a prorated portion of the current fiscal year Annual Bonus, if any, up to the date of termination of employment, per the terms and conditions of the applicable bonus plan that
Executive and Company have executed, 
  

 (C) in accordance with Company policy, reimbursement for any unreimbursed business
expenses properly incurred by Executive prior to the date of Executive’s termination; and 
  
 (D) such Employee Benefits, if any, as to which Executive may be entitled under the employee benefit plans of the Company (the amounts
described in clauses (A) through (D) hereof being referred to as the “Accrued Rights”). 
  
 E) severance pay in the amount of the lesser of six (6) months Base Salary or the remaining Base Salary payable for the Employment Term
listed in Section 1a above, if termination is for any reason other than Cause or Expiration of the Employment Term or resignation by Executive. Severance pay, if any, will be payable in six (6) equal monthly installments. The Parties agree that the
Executive will not be required to mitigate any severance payable pursuant to this Agreement. “Cause” shall mean (i) Executive’s continued failure or refusal to substantially perform Executive’s duties hereunder for a period of 10
days following written notice by the Company to Executive of such failure or refusal, (ii) dishonesty in the performance of Executive’s duties hereunder, (iii) an act or acts on Executive’s part constituting (x) a felony under the laws of
the United States or any state thereof or (y) a misdemeanor involving moral turpitude, (iv) Executive’s willful malfeasance or willful misconduct in connection with Executive’s duties hereunder or any act or omission which is materially
injurious to the financial condition or business reputation of the Company or any of its subsidiaries or affiliates (v) Executive’s breach of any provision of this agreement, including the attached addendum or (vi), Executive’s failure to
perform the duties contemplated by this Agreement provided that Company gives Executive 10 days written notice of such failure and Executive does not cure such failure within 10 days, or (vii) insubordination, or violation of Company policy and/or
practice. If Executive resigns his employment for Good Reason (as defined in herein), Executive may qualify for Severance as stated above. Pursuant to this Agreement, Good Reason (“Good Reason”) shall only mean one of the following: (i) If
Executive’s principal office is relocated more than 100 miles from the current Boca Raton office, or (ii) if the Company materially breaches this Agreement. In either instance, Executive is required to provide the Company with a detailed
written notice of such alleged breach and the Company has the right to cure such breach within 10 days. Good Reason shall only be deemed to exist if such notice is provided and if Company does not cure the alleged breach within the time frame
specified. Additionally, if Executive becomes physically or mentally incapacitated for a continuous period of 90 days, the Company has the right to terminate Executive’s employment without paying severance. For the purposes hereof, the term
“physical or mental incapacity” means Executive’s inability to perform the principal duties as contemplated by this Agreement. 
  
 F) Expiration of the Employment Term. Upon expiration of the Employment Term, unless Executive’s employment is earlier
terminated pursuant to the above, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the last day of the Employment
Term and Executive shall be entitled to receive the Accrued Rights. 
  
 Following such termination of Executive’s employment hereunder as a result of the expiration of the Employment Term, except as set forth above, Executive shall have no further rights to any compensation or any
other benefits under this Agreement. 
  
 G)
Continued Employment Beyond the Expiration of the Employment Term. Unless the parties otherwise agree in writing, continuation of Executive’s employment with the Company beyond the expiration of the Employment Term shall be deemed an
employment at will and shall not be deemed to extend any of the provisions of this Agreement and Executive’s employment may thereafter be terminated at will, for any reason or for no reason and at any time, by either Executive or the Company;
provided that the provisions of Section 7 and Exhibit A (Confidentiality/Non Compete Addendum) of this Agreement shall survive any termination of this Agreement or Executive’s termination of employment and provided further that Executive shall
provide Company with at least thirty (30) days advance written notice of resignation. 
  

 Following such termination of Executive’s employment, except as set forth in this
Section 6, Executive shall have no further rights to any compensation or any other benefits under this Agreement. 
  
 7. Confidentiality. Concurrent with the execution of this Agreement by Executive, Executive shall execute and deliver to Company, Exhibit
“A,” entitled Confidentiality/Non Compete Addendum, which is attached hereto and made a part hereof. 
  
 8. Miscellaneous. 
  
 a. Governing Law and Exclusive Venue. This Agreement shall be governed by and construed in accordance with the laws of the state of
Florida, without regard to its choice of laws principles. The parties agree that any suit, under, in connection with, or in any way related to this Agreement shall only be brought in the state courts located Palm Beach County or in the United States
District Court located in the County of Palm Beach, Florida. 
  
 b. Entire Agreement/Amendments. This Agreement and attached Exhibits hereto contain the entire understanding of the parties with respect to the employment of Executive by the Company. There are no restrictions,
agreements, promises, warranties, covenants or undertakings between the parties with respect to the subject matter herein other than those expressly set forth herein. This Agreement may not be altered, modified, or amended except by written
instrument signed by the parties hereto. 
  
 c.
No Waiver. The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict
adherence to that term or any other term of this Agreement. 
  
 d. Severability. In the event that any one or more of the provisions of this Agreement shall be or become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the
remaining provisions of this Agreement shall not be affected thereby. 
  
 e. Assignment. This Agreement shall not be assignable by Executive. This Agreement may be assigned by the Company to a company which is a successor in interest to substantially all of the business operations of
the Company or to an affiliate or related corporation of the Company. Such assignment shall become effective when the Company notifies Executive of such assignment or at such later date as may be specified in such notice. Upon such assignment, the
rights and obligations of the Company hereunder shall become the rights and obligations of such successor company; provided that any assignee expressly assumes the obligations, rights and privileges of this Agreement and provided further that
if this Agreement is not expressly assumed, the Company is responsible for all terms contained within. 
  
 f. Successors; Binding Agreement. This Agreement shall inure to the benefit of and be binding upon personal or legal
representatives, executors, administrators, successors, heirs, distributes, devises and legatees. 
  
 g. Notice. For the purpose of this Agreement, notices and all other communications provided for in the Agreement shall be in
writing and shall be deemed to have been duly given when delivered or mailed by United States registered mail, return receipt requested, postage prepaid, addressed to the respective addresses set forth below Agreement, or to such other address as
either party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt. 
  

 If to the Company: 
  
 To the attention of the Company’s Senior Vice President, Human Resources and Administration at the principal corporate
headquarters of the Company. 
  
 If to Executive: 
  
 To the most recent address of Executive set forth in the personnel records
of the Company. 
  
 h. Withholding Taxes.
The Company may withhold from any amounts payable under this Agreement such Federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation. 
  
 i. Counterparts. This Agreement may be signed in counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. Executive shall receive one fully executed counterpart each. 
  
 j. Survival. Notwithstanding any termination/expiration of the Agreement, all rights and obligations hereunder which by their
nature should survive termination/expiration, shall survive. 
  
 9. Advice of Counsel. In entering into this Agreement, Executive represents that he has had an opportunity to seek, and has sought the legal advice of his attorney, an attorney of his own choice and that the terms of this Agreement
have been completely read and explained by his attorney, and that those terms are fully understood and voluntarily accepted by Executive. 
  
 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first above written. 
  

			
	AMERICAN MEDIA OPERATIONS, INC.

			
		
	 /s/ Thomas Severson, Jr.
	 	 12/15/04

	 Thomas Severson, Jr.
	 	Date

  

  
 EXHIBIT “A”

  
 Confidentiality / Non-Compete Addendum

  
 1. For purposes of this Addendum, the term “Confidential
Information” is defined to mean any non-public information (including any and all information that becomes public by Executive’s actions or actions of persons obtaining access to information directly or indirectly from or through
Executive) related to the Company (as such term is defined in the Employment Agreement) and its related and/or affiliated corporations (hereinafter the “Company” or “AMI”), its business, finance or proprietary information,
including but not limited to information regarding its officers and employees, its data, statistics, business plans, records, trade secrets, business secrets, operational methods, customer lists, concepts, ideas, policies and/ or any other
information regarding the Company’s property or data, whether tangible or intangible, and whether or how stored, compiled or memorized physically, electronically, photographically, or by any other means, and specifically including, without
limitation, AMI proprietary system designs and programs and information of any kind, AMI system specifications and AMI operational methodologies. 
  
 2. Executive (as such term is defined in the Employment Agreement) acknowledges that Confidential Information is proprietary to, and a valuable asset of, the Company and
that any disclosure or unauthorized use thereof in violation of this Addendum will cause irreparable harm and loss. 
  
 3. Executive shall retain any Confidential Information in strictest confidence and shall not at any time, whether during or after Executive’s term of employment with
Company, use, exploit or disclose or permit the use, exploitation or disclosure of any Confidential Information obtained from the Company and/or AMI’s Employees unless otherwise required by law. Executive covenants and agrees that he shall not,
either directly or indirectly, publish or disclose any Confidential Information subject to this Addendum or use such Confidential Information for the benefit of himself, another party or any third parties, without the prior written consent of the
President of the Company. Executive further agrees that he will not retain or use for Executive’s account at any time any trade names, trademark or other proprietary business designation used or owned in connection with the business of the
Company or its affiliates. 
  
 4. Upon termination of employment or demand by the
Company, Executive shall immediately deliver to AMI without retaining copies thereof, any and all Confidential Information and derivations thereof in his possession or control, including but not limited to, all notes, analyses, compilations,
studies, interpretations, and other documents, including but not limited to, photographic, video or electronic documents and recordings. 
  
 5. Executive shall not, without the prior written consent of the President of the Company, make any public statement, announcement or release to any person or entity,
including, but not limited to, trade publications, the press, any competitor of the Company, customer, or any other third party, disclosing or relating to any Confidential Information, except as may be necessary to comply with the requirements of
any applicable law, governmental order or regulation in connection therewith (“Governmental Disclosure”). Prior to any Governmental Disclosure, Executive shall comply with Section 6 hereto. Executive agrees that he will not discuss with
the media any aspect of his employment with the Company and will not write, speak, or give interviews, either directly or indirectly, on or off the record about his work at the Company, including without limitation, facts and information he has
learned during his employment about the Company and his assignments, for purposes of publication in any way, directly or indirectly, without prior written approval by the President of the Company. 
  
 6. In the event that Executive is requested or required to disclose any Confidential
Information subject to this Addendum in a legal or regulatory proceeding, Executive shall provide AMI with prompt written notice of any such request or requirements in order to provide AMI an opportunity to seek a protective order or other
appropriate remedy. Executive agrees to cooperate with AMI and its counsel, in any effort to prevent such disclosure of the Confidential Information. 
  
 7. While employed and for a period of six (6) months following Executive’s termination of employment for any reason, Executive shall not, in any manner, attempt to
solicit or solicit any employee or customer of AMI, its affiliates, subsidiaries, parent or related companies or successors or assigns with any offer of employment or consultancy, or hire, retain, engage or otherwise employ or utilize the services
of any such employee or customer of AMI. 
  

 8. Executive agrees that during the term of his employment with AMI and for the period of six (6) months following
Executive’s voluntary termination of employment or for the period of six (6) months following the Executive’s involuntary termination of employment he will not engage in any relationship, directly or indirectly, including but not limited
to, advising, being compensated in any way by, being employed by, permitting his name to be associated with or used by, or consulting, with any Prohibited Business (as hereinafter defined) within the United States of America or Canada. For purposes
of this agreement “Prohibited Business” means any business which is in any way involved in the publishing, production, pre-press, marketing, racking, or servicing of products similar to AMI, which includes, but is not limited to companies
which provide pre-press services, in the United States of America or Canada . Executive acknowledges that AMI’s products and services are marketed throughout the United States of America and Canada and that therefore a restriction to the
geographic area of the United States of America and Canada is reasonable with regard to AMI’s business plans and the market for its products and services. In the event that the term of Executive’s Employment Agreement expires and Executive
becomes an employee at will under terms and conditions similar to those contained in his Employment Agreement, and if Executive’s employment is terminated, while Executive is an employee at will, Executive will additionally be bound by the
terms of this Paragraph for a period of six months, provided that AMI compensates Employee in the amount of his monthly Base Salary (“Severance”) for the six-month non-competition period. If Executive does not comply with the terms
contained herein, AMI shall not be obligated to pay Executive Severance. AMI agrees to pay the greater of the Severance described above, or AMI’s Severance program in effect at the time of termination of employment during the three month
non-competition period. 
  
 9. Executive acknowledges that the restrictions and
conditions set forth in this Addendum are essential to AMI’s execution of Executive’s Employment Agreement, without which, AMI would not have entered into this agreement. Executive expressly acknowledges that the restrictions set forth in
this Addendum are reasonable and valid. 
  
 10. Executive agrees that he will make
no statements about the Company, its officers or employees that are intended to, or may reasonably be expected to disparage or impugn them or to otherwise make any statement that will adversely affect the reputation of the Company, its officers or
employees or otherwise disrupt, damage, impair or interfere with the Company or its operations or business prospects. 
  
 11. Executive acknowledges that a breach of any of the terms, covenants or conditions contained in this Addendum by Executive and/or those under his control will result
in irreparable damage to AMI and that such damage will be presumed to have occurred. In the event of such breach or threatened breach, AMI shall be entitled, without the necessity of posting any bond, to appropriate injunctive relief in any court of
competent jurisdiction, restraining Executive and/or those under his control from any such threatened or actual violation of the provisions of this Addendum. Specifically and unless stated otherwise, all remedies provided for in this Addendum shall
be cumulative and in addition to and not in lieu of any other remedies available to AMI at law, in equity, or otherwise. 
  
 12. Nothing contained in this Addendum shall be construed as granting or conferring any rights by license or otherwise in any Confidential Information disclosed.

  
 13. No delay or omission by AMI to exercise any right or power occurring upon
any noncompliance or default by Executive with respect to any of the terms of this Addendum shall impair any such right or power or be construed to be a waiver thereof. A waiver by AMI of any covenants, conditions, or agreements to be performed by
Executive shall not be construed to be a waiver of any succeeding breach thereof or of any covenant, condition, or agreement herein contained. 
  
 14. The provisions of this Addendum shall survive termination/expiration of the Agreement.

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