Document:

Registration Rights Agreement dated as of August 5, 2005

 Exhibit 4.4 
  
 EXECUTION 
  
 ACCO FINANCE I, INC. 
  
 to be merged with and into 
  
 ACCO BRANDS CORPORATION 
  
 $350,000,000 7 5/8% Senior Subordinated Notes due 2015 
  
 REGISTRATION RIGHTS AGREEMENT 
  
 August 5, 2005 
  
 Citigroup Global Markets Inc. 
 Goldman, Sachs & Co. 
 ABN AMRO Incorporated 
 Harris Nesbitt Corp. 
 NatCity Investments, Inc. 
 Piper Jaffray & Co. 
 As Initial Purchasers 
  

	c/o	Citigroup Global Markets Inc. 

	    	388 Greenwich Street 

	    	New York, New York 10013 

  
 - and - 
  

	c/o	Goldman, Sachs & Co. 

	    	85 Broad Street 

	    	New York, New York 10004 

  
 As Representatives of the Initial Purchasers 
  
 Ladies and Gentlemen: 
  
 ACCO Finance I, Inc., a corporation organized under the laws of Delaware (“ACCO Finance”), proposes among other things, to issue and sell to the
several initial purchasers named in Schedule I hereto (the “Initial Purchasers”), for whom Citigroup Global Markets Inc. and Goldman, Sachs & Co. are acting as representatives (the “Representatives”), $350,000,000 aggregate
principal amount of its 7 5/8 Senior Subordinated Notes due 2015 (the “Notes”) upon the terms set forth
in a purchase agreement dated August 2, 2005 (the “Purchase Agreement”) relating to the initial placement of the Notes (the “Initial Placement”). In connection with the consummation of the Escrow Merger (as defined in the
Purchase Agreement) ACCO will assume the obligations of ACCO Finance under the Notes and the Indenture (as defined below) and each of the subsidiaries listed on Schedule II hereto (collectively, the “Guarantors”), 

 
including General Binding corporation a Delaware corporation (“GBC”) and each of its and ACCO Brand Corporation (“ACCO”)
subsidiaries that guarantees ACCO’s obligations under ACCO’s Credit Agreement (as defined below), will guarantee the Notes on an unsecured senior basis (the “Guarantees”) (collectively, the “ACCO
Assumption”). In connection with the ACCO Assumption each of ACCO and the Guarantors will deliver a joinder agreement (the “Joinder Agreement”) substantially in the form of Exhibit A hereto. Prior to the ACCO Assumption (i)
the term the “Company” and the “Issuer” shall refer to ACCO Finance as the issuer of the Notes and (ii) the term “Securities” shall refer to the Notes and after the ACCO Assumption (i) the term the
“Company” shall refer to ACCO, as successor to ACCO Finance and issuer of the Notes, (ii) the term the “Issuers” shall refer to ACCO and the Guarantors and (iii) the term “Securities” shall refer to
the Notes and the Guarantees. To induce the Initial Purchasers to enter into the Purchase Agreement and to satisfy a condition of your obligations thereunder, the Issuer hereby agrees with you for your benefit and the benefit of the holders from
time to time of Securities and Exchange Securities (as defined below) (including the Initial Purchasers) (each a “Holder” and, together, the “Holders”), as follows: 
  
 1. Definitions. Capitalized terms used herein without definition shall
have their respective meanings set forth in the Purchase Agreement. As used in this Agreement, the following capitalized defined terms shall have the following meanings: 
  
 “ACCO” shall have the meaning set forth in the preamble hereto. 
  
 “ACCO Assumption” shall have the meaning set forth in the preamble
hereto. 
  
 “ACCO Finance” shall have the meaning set
forth in the preamble hereto. 
  
 “Agreement” shall mean
this Registration Rights Agreement. 
  
 “Act” shall mean
the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder. 
  
 “Affiliate” shall have the meaning specified in Rule 405 under the Act and the terms “controlling” and “controlled” shall
have meanings correlative thereto. 
  
 “Assumption Date”
means the date and time of the ACCO Assumption. 
  
 “Broker-Dealer” shall mean any broker or dealer registered as such under the Exchange Act. 
  
 “Business Day” shall mean any day other than a Saturday, a Sunday or a legal holiday or a day on which banking institutions or trust companies
are authorized or obligated by law to close in New York City. 
  
 “Closing Date” shall mean the date of the first issuance of the Securities. 
  
 “Commission” shall mean the Securities and Exchange Commission. 
  
 “Company” shall have the meaning set forth in the preamble hereto. 
  

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 “Deferral Period” shall have the meaning indicated in Section 4(k)(ii) hereof. 
  
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as
amended, and the rules and regulations of the Commission promulgated thereunder. 
  
 “Exchange Offer Registration Period” shall mean the period following the consummation of the Registered Exchange Offer, exclusive of any period during which any stop order shall be in effect suspending the
effectiveness of the Exchange Offer Registration Statement. 
  
 “Exchange Offer Registration Statement” shall mean a registration statement of the Issuers on an appropriate form under the Act with respect to the Registered Exchange Offer, all amendments and supplements to such registration
statement, including post-effective amendments thereto, in each case including the Prospectus contained therein, all exhibits thereto and all material incorporated by reference therein. 
  
 “Exchanging Dealer” shall mean any Holder (which may include any Initial Purchaser) that is a Broker-Dealer and
elects to exchange for New Securities any Securities that it acquired for its own account as a result of market-making activities or other trading activities (but not directly from any Issuer or any Affiliate of any Issuer) for New Securities.

  
 “Final Memorandum” shall mean the offering
memorandum, dated August 2, 2005, relating to the Securities. 
  
 “GBC” shall have the meaning set forth with the preamble hereto. 
  
 “Guarantee” shall have the meaning set forth in the preamble hereto. 
  
 “Guarantors” shall have the meaning set forth in the preamble hereto. 
  
 “Holder” shall have the meaning set forth in the preamble hereto. 
  
 “Indenture” shall mean the Indenture relating to the Notes, dated
as of August 5, 2005, between ACCO Finance and Wachovia Bank, National Association, as trustee, as the same may be amended from time to time in accordance with the terms thereof. 
  
 “Initial Placement” shall have the meaning set forth in the preamble hereto. 
  
 “Initial Purchasers” shall have the meaning set forth in the
preamble hereto. 
  
 “Issuers” shall have the meaning
set forth in the preamble hereto. 
  
 “Losses” shall
have the meaning set forth in Section 6(d) hereof. 
  
 “Majority Holders” shall mean, on any date, Holders of a majority of the aggregate principal amount of Securities registered under a Registration Statement. 
  

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 “Managing Underwriters” shall mean the investment banker or investment bankers and manager or
managers that administer an underwritten offering, if any, under a Registration Statement. 
  
 “NASD Rules” shall mean the Conduct Rules and the By-Laws of the National Association of Securities Dealers, Inc. 
  
 “New Securities” shall mean debt securities of the Company and guarantees thereof by the Guarantors, in each case identical in all material
respects to the applicable Securities (except that the transfer restrictions and additional interest provisions shall be modified or eliminated, as appropriate) to be issued under the New Securities Indenture. 
  
 “New Securities Indenture” shall mean an indenture among the
Company, the Guarantors and the New Securities Trustee, identical in all material respects to the Indenture (except that the transfer restrictions and additional interest provisions shall be modified or eliminated, as appropriate), which may be the
Indenture if in the terms thereof appropriate provision is made for the New Securities. 
  
 “New Securities Trustee” shall mean a bank or trust company reasonably satisfactory to the Initial Purchasers, as trustee with respect to the New Securities under the New Securities Indenture. 
  
 “Notes” shall have the meaning set forth in the preamble hereto.

  
 “Preliminary Memorandum” shall mean the preliminary
offering memorandum, dated July 25, 2005, relating to the Securities. 
  
 “Prospectus” shall mean the prospectus included in any Registration Statement (including, without limitation, a prospectus that discloses information previously omitted from a prospectus filed as part of an effective registration
statement in reliance upon Rule 430A under the Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Securities or the New Securities covered by such Registration Statement,
and all amendments and supplements thereto, including any and all exhibits thereto and any information incorporated by reference therein. 
  
 “Purchase Agreement” shall have the meaning set forth in the preamble hereto. 
  
 “Registered Exchange Offer” shall mean the proposed offer of the Issuers to issue and deliver to the Holders of
the Securities that are not prohibited by any law or policy of the Commission from participating in such offer, in exchange for the Securities, a like aggregate principal amount of the New Securities. 
  
 “Registrable Securities” shall mean (i) Securities other than those
that have been (A) registered under a Registration Statement and disposed of in accordance therewith or (B) distributed to the public pursuant to Rule 144 under the Act or any successor rule or regulation thereto that may be adopted by the
Commission and (ii) any New Securities resale of which by the Holder thereof requires compliance with the prospectus delivery requirements of the Act. 
  

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 “Registration Default Interest” shall have the meaning set forth in Section 8 hereof.

  
 “Registration Statement” shall mean any Exchange
Offer Registration Statement or Shelf Registration Statement that covers any of the Securities or the New Securities pursuant to the provisions of this Agreement, any amendments and supplements to such registration statement, including
post-effective amendments (in each case including the Prospectus contained therein), all exhibits thereto and all material incorporated by reference therein. 
  
 “Representatives” shall have the meaning set forth in the preamble hereto. 
  
 “Securities” shall have the meaning set forth in the preamble hereto. 
  
 “Shelf Registration” shall mean a registration effected pursuant to
Section 3 hereof. 
  
 “Shelf Registration Period” has
the meaning set forth in Section 3(b) hereof. 
  
 “Shelf
Registration Statement” shall mean a “shelf” registration statement of the Issuers pursuant to the provisions of Section 3 hereof which covers some or all of the Securities or New Securities, as applicable, on an appropriate form
under Rule 415 under the Act, or any similar rule that may be adopted by the Commission, amendments and supplements to such registration statement, including post-effective amendments, in each case including the Prospectus contained therein, all
exhibits thereto and all material incorporated by reference therein. 
  
 “Trustee” shall mean the trustee with respect to the Securities under the Indenture. 
  
 “Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended, and the rules and regulations of the Commission promulgated
thereunder. 
  
 “underwriter” shall mean any underwriter
of Securities in connection with an offering thereof under a Shelf Registration Statement. 
  
 2. Registered Exchange Offer. (a) The Issuers shall prepare and, not later than 230 days following the Assumption Date, shall file with the Commission the Exchange Offer Registration Statement with respect to
the Registered Exchange Offer. The Issuers shall use commercially reasonable efforts to cause the Exchange Offer Registration Statement to become effective under the Act within 300 days after the Assumption Date. 
  
 (b) Upon the effectiveness of the Exchange Offer Registration Statement, the
Issuers shall promptly commence the Registered Exchange Offer, it being the objective of such Registered Exchange Offer to enable each Holder electing to exchange Securities for New Securities (assuming that such Holder is not an Affiliate of any of
the Issuers, acquires the New Securities in the ordinary course of such Holder’s business, has no arrangements with any person to participate in the distribution of the New Securities, is not prohibited by any law or policy of the Commission
from participating in the Registered Exchange Offer and if not an Initial Purchaser holding Securities that have the status of an unsold allotment remaining from the initial distribution of the Securities) to trade such New Securities from and after
their receipt without any limitations 

  

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or restrictions under the Act and without material restrictions under the securities laws of a substantial proportion of the several states of the United
States. 
  
 (c) In connection with the Registered Exchange Offer,
the Issuers shall: 
  
 (i) mail or cause to be
mailed to each Holder a copy of the Prospectus forming part of the Exchange Offer Registration Statement, together with an appropriate letter of transmittal and related documents; 
  
 (ii) keep the Registered Exchange Offer open for not less than 20 Business Days and use commercially
reasonable efforts to consummate the Registered Exchange Offer not more than 30 Business Days after the date notice thereof is mailed to the Holders (or, in each case, longer if required by applicable law); 
  
 (iii) use commercially reasonable efforts to keep the
Exchange Offer Registration Statement continuously effective under the Act, supplemented and amended as required, under the Act to ensure that it is available for sales of New Securities by Exchanging Dealers during the Exchange Offer Registration
Period; 
  
 (iv) utilize the services of a
depositary for the Registered Exchange Offer with an address in the Borough of Manhattan in New York City, which may be the Trustee, the New Securities Trustee or an Affiliate of either of them; 
  
 (v) permit Holders to withdraw tendered Securities at any
time prior to the close of business, New York time, on the last Business Day on which the Registered Exchange Offer is open; 
  
 (vi) if required by the Commission, prior to effectiveness of the Exchange Offer Registration Statement, provide a supplemental letter to
the Commission (A) stating that the Issuers are conducting the Registered Exchange Offer in reliance on the position of the Commission in Exxon Capital Holdings Corporation (pub. avail. May 13, 1988), Morgan Stanley and Co., Inc. (pub.
avail. June 5, 1991); and (B) including a representation that the Issuers have not entered into any arrangement or understanding with any person to distribute the New Securities to be received in the Registered Exchange Offer and that, to the best
of the Issuers’ information and belief, each Holder participating in the Registered Exchange Offer is acquiring the New Securities in the ordinary course of business and has no arrangement or understanding with any person to participate in the
distribution of the New Securities; and 
  
 (vii)
comply in all respects with all laws that are applicable to the Registered Exchange Offer. 
  
 (d) As soon as practicable after the close of the Registered Exchange Offer, the Issuers shall: 
  
 (i) accept for exchange all Securities tendered and not validly withdrawn pursuant to the Registered Exchange Offer; 
  

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 (ii) deliver or cause to be delivered to the Trustee for cancellation in accordance with
Section 4(s) all Securities so accepted for exchange; and 
  
 (iii) cause the New Securities Trustee promptly to authenticate and deliver to each Holder of Securities a principal amount of New Securities equal to the principal amount of the Securities of such Holder so accepted
for exchange. 
  
 (e) Each Holder hereby acknowledges and agrees
that any Broker-Dealer and any such Holder using the Registered Exchange Offer to participate in a distribution of the New Securities (x) could not under Commission policy as in effect on the date of this Agreement rely on the position of the
Commission in Exxon Capital Holdings Corporation (pub. avail. May 13, 1988) and Morgan Stanley and Co., Inc. (pub. avail. June 5, 1991), as interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993 and
similar no-action letters; and (y) must comply with the registration and prospectus delivery requirements of the Act in connection with any secondary resale transaction, which must be covered by an effective registration statement containing the
selling security holder information required by Item 507 or 508, as applicable, of Regulation S-K under the Act if the resales are of New Securities obtained by such Holder in exchange for Securities acquired by such Holder directly from any Issuer
or any Affiliate of any Issuer. Accordingly, each Holder participating in the Registered Exchange Offer shall be required to represent to the Issuers that, at the time of the consummation of the Registered Exchange Offer: 
  
 (i) any New Securities received by such Holder will be
acquired in the ordinary course of business; 
  
 (ii) such Holder will have no arrangement or understanding with any person to participate in the distribution of the Securities or the New Securities within the meaning of the Act; 
  
 (iii) such Holder is not an Affiliate of any Issuer; and

  
 (iv) if such Holder is an Exchanging Dealer,
then such Holder will deliver a Prospectus in connection with a sale of any New Securities received by such Holder pursuant to the Registered Exchange Offer. 
  
 (f) If any Initial Purchaser determines that it is not eligible to participate in the Registered Exchange Offer with respect to the exchange of Securities
constituting any portion of an unsold allotment, at the request of such Initial Purchaser, the Issuers shall issue and deliver to such Initial Purchaser or the person purchasing New Securities registered under a Shelf Registration Statement as
contemplated by Section 3 hereof from such Initial Purchaser, in exchange for such Securities, a like principal amount of New Securities. The Issuers shall use their commercially reasonable efforts to cause the CUSIP Service Bureau to issue the same
CUSIP number for such New Securities as for New Securities issued pursuant to the Registered Exchange Offer. 
  
 3. Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Issuers
determine upon advice of their outside counsel that they are not permitted to effect the Registered Exchange Offer as contemplated by 

  

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Section 2 hereof; (ii) for any other reason the Exchange Offer Registration Statement is not declared effective within 300 days after the Assumption Date or
the Registered Exchange Offer is not consummated within 30 days (or longer to the extent that the Registered Exchange Offer is required by applicable law to remain open for more than 20 Business Days) after the Exchange Offer Registration Statement
is declared effective; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered
Exchange Offer; or (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer or does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold
allotment other than by reason of such Holder being an affiliate of the Company (it being understood that the requirement that an Initial Purchaser deliver the Prospectus contained in the Exchange Offer Registration Statement in connection with
sales of New Securities acquired in exchange for such Securities shall not result in such New Securities being not “freely tradeable”; the Issuers shall effect a Shelf Registration Statement in accordance with subsection (b) below.

  
 (b) (i) The Issuers shall as promptly as practicable (but in
no event more than 230 days after so required or requested pursuant to this Section 3), file with the Commission and shall use commercially reasonable efforts to cause to be declared effective under the Act and remain effective as provided herein, a
Shelf Registration Statement relating to the offer and sale of the Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such
Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to
be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Securities constituting any portion of an unsold
allotment, the Issuers may, if permitted by current interpretations by the Commission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation
S-K, as applicable, in satisfaction of their obligations under this subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable
to, a Shelf Registration Statement. 
  
 (ii) The Issuers shall use
their commercially reasonable efforts to keep the Shelf Registration Statement effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period the “Shelf
Registration Period”) from the date the Shelf Registration Statement is declared effective by the Commission until the earliest of (A) the second anniversary of the Closing Date, (B) the date upon which all the Securities or New Securities,
as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement or (C) the expiration of the time period referred to in Rule 144(k) under the Act. The Issuers shall be deemed not to have used
commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if they voluntarily take any action that would result in Holders of Securities covered thereby not being able to offer and sell
such Securities at any time during the Shelf Registration Period, unless such action is (x) required by applicable law or otherwise undertaken by the Issuers in good faith and for valid business reasons (not including avoidance of 

  

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the Issuers’ obligations hereunder), including the acquisition or divestiture of assets, or (y) permitted pursuant to Section 4(k)(ii) hereof.

  
 (iii) The Issuers shall cause the Shelf Registration Statement
and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act; and
(B) not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under
which they were made) not misleading. 
  
 4. Additional
Registration Procedures. In connection with any Shelf Registration Statement and, to the extent applicable, any Exchange Offer Registration Statement, the following provisions shall apply. 
  
 (a) The Issuers shall: 
  
 (i) furnish to each of the Representatives and to counsel
for the Holders, not less than three (3) Business Days prior to the filing thereof with the Commission, a copy of any Exchange Offer Registration Statement and any Shelf Registration Statement, and each amendment thereof and each amendment or
supplement, if any, to the Prospectus included therein (including all documents incorporated by reference therein after the initial filing) and shall use commercially reasonable efforts to reflect in each such document, when so filed with the
Commission, such comments as the Representatives reasonably propose; 
  
 (ii) include the information set forth in Annex A hereto on the cover page of the prospectus included in the Exchange Offer Registration Statement, in Annex B hereto in the forepart of the Exchange Offer Registration
Statement in a section setting forth details of the Exchange Offer, in Annex C hereto in the underwriting or plan of distribution section of the Prospectus contained in the Exchange Offer Registration Statement, and in Annex D hereto in the letter
of transmittal delivered pursuant to the Registered Exchange Offer, in each case, subject to any changes, additions, deletions, or moving of such disclosure required or requested by the Commission or its staff; 
  
 (iii) if requested by an Initial Purchaser, include the
information required by Item 507 or 508 of Regulation S-K, as applicable, in the Prospectus contained in the Exchange Offer Registration Statement; and 
  
 (iv) in the case of a Shelf Registration Statement, include the names of the Holders that propose to sell Securities pursuant to the Shelf
Registration Statement as selling security holders. 
  

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 (b) The Issuers shall use commercially reasonable efforts to ensure that: 
  
 (i) any Registration Statement and any amendment thereto and
any Prospectus forming part thereof and any amendment or supplement thereto complies in all material respects with the Act; and 
  
 (ii) any Registration Statement and any amendment thereto does not, when it becomes effective, contain an untrue statement of a material
fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. 
  
 (c) The Issuers shall advise the Representatives, the Holders of Securities covered by any Shelf Registration Statement and any Exchanging
Dealer under any Exchange Offer Registration Statement that has provided in writing to the Issuers a telephone or facsimile number and address for notices, and, if requested by any Representative or any such Holder or Exchanging Dealer, shall
confirm such advice in writing (which notice pursuant to clauses (ii)-(v) of this subsection (c) shall be accompanied by an instruction to suspend the use of the Prospectus until the Issuers shall have remedied the basis for such suspension):

  
 (i) when a Registration Statement and any
amendment thereto has been filed with the Commission and when the Registration Statement or any post-effective amendment thereto has become effective; 
  
 (ii) of any request by the Commission after the effective date for any amendment or supplement to the Registration Statement or the
Prospectus or for additional information; 
  
 (iii) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or the institution or threatening of any proceeding for that purpose; 
  
 (iv) of the receipt by any Issuer of any notification with
respect to the suspension of the qualification of the securities included therein for sale in any jurisdiction or the institution or threatening of any proceeding for such purpose; and 
  
 (v) of the happening of any event that requires any change in the Registration Statement or the Prospectus
so that, as of such date, they (A) do not contain any untrue statement of a material fact and (B) do not omit to state a material fact required to be stated therein or necessary to make the statements therein (in the case of the Prospectus, in the
light of the circumstances under which they were made) not misleading. 
  
 (d) The Issuers shall use their commercially reasonable best efforts to prevent the issuance of any order suspending the effectiveness of any Registration Statement or the qualification of the securities therein for
sale in any jurisdiction and, if issued, to obtain as soon as possible the withdrawal thereof. 
  
 (e) The Issuers shall furnish to each Holder of Securities covered by any Shelf Registration Statement, without charge, at least one copy
of such Shelf Registration 

  

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Statement and any post-effective amendment thereto, including all material incorporated therein by reference, and, if the Holder so requests in writing, all
exhibits thereto (including exhibits incorporated by reference therein). 
  
 (f) The Company shall, during the Shelf Registration Period, deliver to each Holder of Securities covered by any Shelf Registration Statement, without charge, as many copies of the Prospectus (including the
Preliminary Prospectus) included in such Shelf Registration Statement and any amendment or supplement thereto as such Holder may reasonably request. The Issuers consent to the use of the Prospectus or any amendment or supplement thereto by each of
the selling Holders of Securities in connection with the offering and sale of the Securities covered by the Prospectus, or any amendment or supplement thereto, included in the Shelf Registration Statement. 
  
 (g) The Issuers shall furnish to each Exchanging Dealer
which so requests, without charge, at least one conformed copy of the Exchange Offer Registration Statement and any post-effective amendment thereto, including all material incorporated by reference therein, and, if the Exchanging Dealer so requests
in writing, all exhibits thereto (including exhibits incorporated by reference therein). 
  
 (h) The Issuers shall promptly deliver to each Initial Purchaser, each Exchanging Dealer and each other person required to deliver a
Prospectus during the Exchange Offer Registration Period, without charge, as many copies of the Prospectus included in such Exchange Offer Registration Statement and any amendment or supplement thereto as any such person may reasonably request. The
Issuers consent to the use of the Prospectus or any amendment or supplement thereto by any Initial Purchaser, any Exchanging Dealer and any such other person that may be required to deliver a Prospectus following the Registered Exchange Offer in
connection with the offering and sale of the New Securities covered by the Prospectus, or any amendment or supplement thereto, included in the Exchange Offer Registration Statement. 
  
 (i) Prior to the Registered Exchange Offer or any other offering of Securities pursuant to any Registration
Statement, the Issuers shall arrange, if necessary, for the qualification of the Securities or the New Securities for sale under the laws of such jurisdictions as any Holder shall reasonably request and shall maintain such qualification in effect so
long as required; provided that in no event shall any Issuer be obligated to qualify to do business in any jurisdiction where it is not then so qualified or to take any action that would subject it to service of process in suits, other than
those arising out of the Initial Placement, the Registered Exchange Offer or any offering pursuant to a Shelf Registration Statement, in any such jurisdiction where it is not then so subject or to subject itself to taxation in excess of a nominal
amount in respect of doing business in such jurisdiction. 
  
 (j) The Company shall cooperate with the Holders of Securities to facilitate the timely preparation and delivery of certificates representing New Securities or Securities to be issued or sold pursuant to any
Registration Statement free of any restrictive legends and in such denominations and registered in such names as Holders may reasonably 

  

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request in writing at least three (3) Business Days prior to the closing date of any sales of New Securities. 
  
 (k) (i) Subject to paragraph (ii) below, upon the occurrence
of any event contemplated by subsections (c)(ii) through (v) above, the Issuers shall promptly (or within the time period provided for by clause (ii) hereof, if applicable) prepare a post-effective amendment to the applicable Registration Statement
or an amendment or supplement to the related Prospectus or file any other required document so that, as thereafter delivered to Initial Purchasers of the securities included therein, the Prospectus will not include an untrue statement of a material
fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. In such circumstances, the period of effectiveness of
the Exchange Offer Registration Statement provided for in Section 2 shall be extended by the number of days from and including the date of the giving of a notice of suspension pursuant to Section 4(c) to and including the date when the Initial
Purchasers, the Holders of the Securities and any known Exchanging Dealer shall have received such amended or supplemented Prospectus pursuant to this Section 4(k). 
  
 (ii) Upon the occurrence or existence of any pending corporate development or any other material event that,
in the reasonable judgment of the Issuers, makes it appropriate to suspend the availability of a Shelf Registration Statement and the related Prospectus, the Issuers shall give notice (without notice of the nature or details of such events) to the
Holders that the availability of the Shelf Registration is suspended and, upon actual receipt of any such notice, each Holder agrees not to sell any Registrable Securities pursuant to the Shelf Registration until such Holder’s receipt of copies
of the supplemented or amended Prospectus provided for in Section 3(i) hereof, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated
or deemed incorporated by reference in such Prospectus. The period during which the availability of the Shelf Registration and any Prospectus is suspended (the “Deferral Period”) shall not exceed 60 days in any three-month period or
120 days in any twelve-month period. Any Registration Default Interest payable pursuant to Section 8 shall cease to accrue during any Deferral Period. 
  
 (l) Not later than the effective date of any Registration Statement, the Issuers shall provide a CUSIP number for the Securities or the
New Securities, as the case may be, registered under such Registration Statement and provide the Trustee with printed certificates for such Securities or New Securities, in a form eligible for deposit with The Depository Trust Company. 

 
 (m) The Issuers shall comply in all material respects
with all applicable rules and regulations of the Commission and shall make generally available to their security holders an earnings statement satisfying the provisions of Section 11(a) of the Act as soon as practicable after the effective date of
the applicable Registration Statement. 
  
 (n)
The Issuers shall cause the New Securities Indenture to be qualified under the Trust Indenture Act as required by applicable law in a timely manner. 
  

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 (o) The Issuers may require each Holder of securities to be sold pursuant to any Shelf
Registration Statement to furnish to the Issuers such information regarding the Holder and the distribution of such securities as the Issuers may from time to time reasonably require for inclusion in such Registration Statement. The Issuers may
exclude from such Shelf Registration Statement the Securities of any Holder that fails to furnish such information within a reasonable time after receiving such request. 
  
 (p) In the case of any Shelf Registration Statement, upon the request of the Majority Holders, the Issuers
shall enter into customary agreements (including, if requested, an underwriting agreement in customary form) and take such other appropriate actions, if any, as the Majority Holders may reasonably request in order to expedite or facilitate the
registration or the disposition of the Securities, and in connection therewith, if an underwriting agreement is entered into, cause the same to contain indemnification provisions and procedures no less favorable than those set forth in Section 6
hereof (or such other provisions and procedures acceptable to the Majority Holders and the Managing Underwriters, if any) with respect to all parties to be indemnified pursuant to Section 7. 
  
 (q) In the case of any Shelf Registration Statement, the
Issuers shall, if requested: 
  
 (i) make
reasonably available for inspection by the Holders of Securities to be registered thereunder, any underwriter participating in any disposition pursuant to such Registration Statement, and any attorney, accountant or other agent retained by the
Holders or any such underwriter all relevant financial and other records and pertinent corporate documents of the Issuers and their subsidiaries; provided that any such inspection of any such records and documents shall be coordinated on
behalf of the Holders by the counsel designated as described in Section 5; provided further that, if such information is deemed confidential by the Issuers, each person receiving such information shall use their commercially reasonable
best efforts to take all actions reasonably necessary to protect such confidentiality; 
  
 (ii) use commercially reasonable efforts to cause its officers, directors, employees, accountants and auditors to supply all relevant
information reasonably requested by the Holders or any such underwriter, attorney, accountant or agent in connection with any such Registration Statement as is customary for similar due diligence examinations; provided that any such inspection of
any such records and documents shall be coordinated on behalf of the Holders by the counsel designated as described in Section 5; provided further that, if such information is deemed confidential by the Issuers, each person receiving such
information shall use their commercially reasonable best efforts to take all actions reasonably necessary to protect such confidentiality; 
  
 (iii) in connection with an underwritten offering pursuant to such Shelf Registration Statement, make such representations and warranties
to the Holders of Securities registered thereunder and the underwriters, if any, in form, substance 

  

 -13- 

 
and scope as are customarily made by issuers to underwriters in primary underwritten offerings; 
  
 (iv) in connection with an underwritten offering pursuant to
such Shelf Registration Statement, obtain opinions of counsel to the Issuers and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the Managing Underwriters, if any) addressed to each
selling Holder and the underwriters, if any, covering such matters as are customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by such Holders and underwriters; 
  
 (v) in connection with an underwritten offering pursuant to
such Shelf Registration Statement, obtain “comfort” letters and updates thereof from the independent certified public accountants of the Company (and, if necessary, any other independent certified public accountants of any subsidiary of
the Company or of any business acquired by the Company for which financial statements and financial data are, or are required to be, included in the Registration Statement), addressed to each selling Holder of Securities registered thereunder and
the underwriters, if any, in customary form and covering matters of the type customarily covered in “comfort” letters in connection with primary underwritten offerings; and 
  
 (vi) in connection with an underwritten offering pursuant to such Shelf Registration Statement, deliver such
documents and certificates as may be reasonably requested by the Majority Holders or the Managing Underwriters, if any, including those to evidence compliance with Section 4(k) and with any customary conditions contained in the underwriting
agreement or other agreement entered into by the Issuers. 
  
 The
actions set forth in clauses (iii), (v) and (vi) of this paragraph (q) shall be performed at (A) the effectiveness of such Registration Statement and each post-effective amendment thereto. The actions set forth in clause (iv) shall be performed at,
and the actions set forth in clauses (iii), (v) and (vi) shall be reaffirmed at, each closing under any underwriting or similar agreement as and to the extent required thereunder. 
  
 (r) If a Registered Exchange Offer is to be consummated, upon delivery of the Securities by Holders to the
Issuers (or to such other person as directed by the Company) in exchange for the New Securities, the Issuers shall mark, or cause to be marked, on the Securities so exchanged that such Securities are being cancelled in exchange for the New
Securities. In no event shall the Securities be marked as paid or otherwise satisfied. 
  
 (s) In the event that any Broker-Dealer shall underwrite any Securities or participate as a member of an underwriting syndicate or selling
group or “assist in the distribution” (within the meaning of the NASD Rules) thereof, whether as a Holder of such Securities or as an underwriter, a placement or sales agent or a broker or dealer in respect 

  

 -14- 

 
thereof, or otherwise, the Issuers shall assist such Broker-Dealer in complying with the NASD Rules. 
  
 (t) The Issuers shall use commercially reasonable efforts to
take all other steps necessary to effect the registration of the Securities or the New Securities, as the case may be, covered by a Registration Statement. 
  
 5. Registration Expenses. The Issuers shall bear all expenses incurred in connection with the performance of their obligations under Sections 2, 3
and 4 hereof and, in the event of any Shelf Registration Statement, will reimburse the Holders for the reasonable fees and disbursements of one firm or counsel (which shall initially be Cahill Gordon & Reindel LLP, but which may be another
nationally recognized law firm experienced in securities matters designated by the Majority Holders) to act as counsel for the Holders in connection therewith, in each case which counsel shall be approved by the Company (such approval not to be
unreasonably withheld). Each Holder shall pay all expenses of its counsel other than as set forth in the preceding sentence, underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of such Holder’s
Securities or New Securities. 
  
 6. Indemnification and
Contribution. (a) The Issuers, jointly and severally, agree to indemnify and hold harmless each Holder of Securities or New Securities, as the case may be, covered by any Registration Statement, each Initial Purchaser and, with respect to any
Prospectus delivery as contemplated in Section 4(h) hereof, each Exchanging Dealer, the directors, officers, employees, Affiliates and agents of each such Holder, Initial Purchaser or Exchanging Dealer and each person who controls any such Holder,
Initial Purchaser or Exchanging Dealer within the meaning of either the Act or the Exchange Act against any and all losses, claims, damages or liabilities, joint or several, to which they or any of them may become subject under the Act, the Exchange
Act or other federal or state statutory law or regulation, at common law or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue
statement of a material fact contained in the Registration Statement as originally filed or in any amendment thereof, or in any preliminary Prospectus or the Prospectus, or in any amendment thereof or supplement thereto, or arise out of or are based
upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of any preliminary Prospectus or the Prospectus, in the light of the circumstances under
which they were made) not misleading, and to reimburse each such indemnified party, as incurred, for any legal or other expenses reasonably incurred by it in connection with investigating or defending any such loss, claim, damage, liability or
action; provided, however, that the Issuers will not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon any such untrue statement or alleged untrue statement or
omission or alleged omission made therein in reliance upon and in conformity with written information furnished to the Issuers by or on behalf of the party claiming indemnification specifically for inclusion therein. This indemnity agreement shall
be in addition to any liability that the Issuers may otherwise have. The Issuers shall not be liable under this Section 6 to any indemnified party regarding any settlement or compromise or consent to the entry of any judgment with respect to any
pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified parties are 

  

 -15- 

 
actual or potential parties to such claim or action) unless such settlement, compromise or consent is consented to by the Issuers, which consent shall not be
unreasonably withheld. 
  
 The Issuers also agree to indemnify as
provided in this Section 6(a) or contribute as provided in Section 6(d) hereof to Losses of each underwriter, if any, of Securities or New Securities, as the case may be, registered under a Shelf Registration Statement, their directors, officers,
employees, Affiliates or agents and each person who controls such underwriter on substantially the same basis as that of the indemnification of the Initial Purchasers and the selling Holders provided in this Section 6(a) and shall, if requested by
the Majority Holders, enter into an underwriting agreement reflecting such agreement, as provided in Section 4(p) hereof. 
  
 (b) Each Holder of securities covered by a Registration Statement (including each Initial Purchaser that is a Holder, in such capacity) severally and not
jointly agrees to indemnify and hold harmless the Issuers, each of their respective directors, each of their respective officers who signs such Registration Statement and each person who controls any Issuer within the meaning of either the Act or
the Exchange Act, to the same extent as the foregoing indemnity from the Issuers to each such Holder, but only with reference to written information relating to such Holder furnished to the Issuers by or on behalf of such Holder specifically for
inclusion in the documents referred to in the foregoing indemnity. This indemnity agreement will be in addition to any liability that any such Holder may otherwise have. 
  
 (c) Promptly after receipt by an indemnified party under this Section 6 or notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 6, notify the indemnifying party in writing of the commencement thereof; but the failure so to notify the indemnifying party (i)
will not relieve it from liability under paragraph (a) or (b) of this Section 6 unless and to the extent it did not otherwise learn of such action and such failure results in the forfeiture by the indemnifying party of substantial rights and
defenses; and (ii) will not, in any event, relieve the indemnifying party from any obligations to any indemnified party other than the indemnification obligation provided in paragraph (a) or (b) of this Section 6. The indemnifying party shall be
entitled to appoint counsel (including local counsel) of the indemnifying party’s choice at the indemnifying party’s expense to represent the indemnified party in any action for which indemnification is sought (in which case the
indemnifying party shall not thereafter be responsible for the fees and expenses of any separate counsel retained by the indemnified party or parties except as set forth below); provided, however, that such counsel shall be reasonably
satisfactory to the indemnified party. Notwithstanding the indemnifying party’s election to appoint counsel (including local counsel) to represent the indemnified party in an action, the indemnified party shall have the right to employ separate
counsel (which shall be one firm and any necessary local counsel), and the indemnifying party shall bear the reasonable fees, costs and expenses of such separate counsel if (i) the use of counsel chosen by the indemnifying party to represent the
indemnified party would present such counsel with a conflict of interest; (ii) the actual or potential defendants in, or targets of, any such action include both the indemnified party and the indemnifying party and the indemnified party shall have
reasonably concluded that there may be legal defenses available to it and/or other indemnified parties that are different from or additional to those available to the indemnifying party; (iii) the indemnifying party shall not have employed counsel
satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of the institution of such action; or (iv) the indemnifying party shall authorize 

  

 -16- 

 
the indemnified party to employ separate counsel at the expense of the indemnifying party. An indemnifying party will not, without the prior written consent
of the indemnified parties (which consent shall not unreasonably be withheld), settle or compromise or consent to the entry of any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which
indemnification or contribution may be sought hereunder (whether or not the indemnified parties are actual or potential parties to such claim or action) unless such settlement, compromise or consent includes an unconditional release of each
indemnified party from all liability arising out of such claim, action, suit or proceeding. 
  
 (d) In the event that the indemnity provided in paragraph (a) or (b) of this Section 6 is unavailable to or insufficient to hold harmless an indemnified party for any reason, then each applicable indemnifying party
shall have a joint and several obligation to contribute to the aggregate losses, claims, damages and liabilities (including legal or other expenses reasonably incurred in connection with investigating or defending any loss, claim, liability, damage
or action) (collectively “Losses”) to which such indemnified party may be subject in such proportion as is appropriate to reflect the relative benefits received by such indemnifying party, on the one hand, and such indemnified
party, on the other hand, from the Initial Placement and the Registration Statement which resulted in such Losses; provided, however, that in no case shall any Initial Purchaser be responsible, in the aggregate, for any amount in
excess of the purchase discount or commission applicable to such Security, or in the case of a New Security, applicable to the Security that was exchangeable into such New Security, as set forth in the Purchase Agreement, nor shall any underwriter
be responsible for any amount in excess of the underwriting discount or commission applicable to the securities purchased by such underwriter under the Registration Statement which resulted in such Losses. If the allocation provided by the
immediately preceding sentence is unavailable for any reason, the indemnifying party and the indemnified party shall contribute in such proportion as is appropriate to reflect not only such relative benefits but also the relative fault of such
indemnifying party, on the one hand, and such indemnified party, on the other hand, in connection with the statements or omissions which resulted in such Losses as well as any other relevant equitable considerations. Benefits received by the Issuers
shall be deemed to be equal to the total net proceeds from the Initial Placement (before deducting expenses) as set forth in the Final Memorandum. Benefits received by the Initial Purchasers shall be deemed to be equal to the total purchase
discounts and commissions as set forth in the Purchase Agreement, and benefits received by any other Holders shall be deemed to be equal to the value of receiving Securities or New Securities, as applicable, registered under the Act. Benefits
received by any underwriter shall be deemed to be equal to the total underwriting discounts and commissions, as set forth on the cover page of the Prospectus forming a part of the Registration Statement which resulted in such Losses. Relative fault
shall be determined by reference to, among other things, whether any untrue or any alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information provided by the indemnifying party, on the
one hand, or by the indemnified party, on the other hand, the intent of the parties and their relative knowledge, access to information and opportunity to correct or prevent such untrue statement or omission. The parties agree that it would not be
just and equitable if contribution were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or any other method of allocation which does not take account of the equitable considerations referred to
above. Notwithstanding the provisions of this paragraph (d), no person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation. 

  

 -17- 

 
For purposes of this Section 6(d), each person who controls a Holder within the meaning of either the Act or the Exchange Act and each director, officer,
employee and agent of such Holder shall have the same rights to contribution as such Holder, and each person who controls any Issuer within the meaning of either the Act or the Exchange Act, each officer of any Issuer who shall have signed the
Registration Statement and each director of any Issuer shall have the same rights to contribution as the Issuers, subject in each case to the applicable terms and conditions of this paragraph (d). 
  
 (e) The provisions of this Section will remain in full force and effect,
regardless of any investigation made by or on behalf of any Holder or the Issuers or any of the indemnified persons referred to in this Section 6, and will survive the sale by a Holder of securities covered by a Registration Statement. 

 
 7. Underwritten Registrations. (a) If any of the Securities or New
Securities, as the case may be, covered by any Shelf Registration Statement are to be sold in an underwritten offering, the Managing Underwriters shall be selected by the Majority Holders, subject to the consent of the Issuers (which consent shall
not be unreasonably withheld), and the Holders of Securities or New Securities covered by such Shelf Registration Statement shall be responsible for all underwriting commissions and discounts. 
  
 (a) No person may participate in any underwritten offering pursuant to any
Shelf Registration Statement, unless such person (i) agrees to sell such person’s Securities or New Securities, as the case may be, on the basis reasonably provided in any underwriting arrangements approved by the persons entitled hereunder to
approve such arrangements; and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements. 
  
 8. Registration Defaults. If any of the following events shall occur,
then the Company shall pay additional interest (the “Registration Default Interest”) to the Holders of Securities in respect of the Securities as follows: 
  
 (a) if any Registration Statement required by this Agreement is not filed with the Commission on or prior to
the date specified for such filing in this Agreement, then Registration Default Interest shall accrue on the Registrable Securities at a rate of .25% per annum for the first 90 days from and including such specified date and by .25% per annum at the
end of each subsequent 90-day period, but in no event shall such rate exceed 1.00% per annum; or 
  
 (b) if any Registration Statement required by this Agreement is not declared effective by the Commission on or prior to the date by which
commercially reasonable best efforts are to be used to cause such effectiveness under this Agreement, then commencing on the day after such specified date, Registration Default Interest shall accrue on the Registrable Securities at a rate of .25%
per annum for the first 90 days from and including such specified date and by .25% per annum at the end of each subsequent 90-day period, but in no event shall such rate exceed 1.00% per annum; or 
  

 -18- 

 (c) subject to the last sentence of Section 4(k)(ii), if any Registration Statement
required by this Agreement has been declared effective but ceases to be effective at any time at which it is required to be effective under this Agreement, then commencing on the day the Registration Statement ceases to be effective, Registration
Default Interest shall accrue on the Registrable Securities at a rate of .25% per annum for the first 90 days from and including such date on which the Registration Statement ceases to be effective and by .25% per annum at the end of each subsequent
90-day period, but in no event shall such rate exceed 1.00% per annum; 
  
 provided, however, that (1) upon the filing of the Registration Statement (in the case of paragraph (a) above), (2) upon the effectiveness of the Registration Statement (in the case of paragraph (b) above), or (3) upon the
effectiveness of the Registration Statement which had ceased to remain effective (in the case of paragraph (c) above), Registration Default Interest shall cease to accrue. 
  
 9. No Inconsistent Agreements. No Issuer has entered into, and agrees not to enter into, any agreement with respect
to its securities that is inconsistent with the rights granted to the Holders herein or that otherwise conflicts with the provisions hereof. 
  
 10. Amendments and Waivers. The provisions of this Agreement may not be amended, qualified, modified or supplemented, and waivers or consents to
departures from the provisions hereof may not be given, unless the Issuers have obtained the written consent of the Holders of a majority of the aggregate principal amount of the Registrable Securities outstanding; provided that, with respect
to any matter that directly or indirectly affects the rights of any Initial Purchaser hereunder, the Issuers shall obtain the written consent of each such Initial Purchaser against which such amendment, qualification, supplement, waiver or consent
is to be effective; provided, further, that no amendment, qualification, supplement, waiver or consent with respect to Section 8 hereof shall be effective as against any Holder of Registered Securities unless consented to in writing by
such Holder; and provided, further, that the provisions of this Section 10 may not be amended, qualified, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the Issuers
have obtained the written consent of the Initial Purchasers and each Holder. Notwithstanding the foregoing (except the foregoing provisos), a waiver or consent to departure from the provisions hereof with respect to a matter that relates exclusively
to the rights of Holders whose Securities or New Securities, as the case may be, are being sold pursuant to a Registration Statement and that does not directly or indirectly affect the rights of other Holders may be given by the Majority Holders,
determined on the basis of Securities or New Securities, as the case may be, being sold rather than registered under such Registration Statement. 
  
 11. Notices. All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery, first-class mail,
telex, telecopier or air courier guaranteeing overnight delivery: 
  
 (a) if to a Holder, at the most current address given by such holder to the Issuers in accordance with the provisions of this Section 11, which address initially is, with respect to each Holder, the address of such
Holder maintained by the Registrar under the Indenture; 
  

 -19- 

 (b) if to the Representatives, initially at the address or addresses set forth in the
Purchase Agreement; and 
  
 (c) if to any Issuer,
initially at its address set forth in the Purchase Agreement. 
  
 All such notices and communications shall be deemed to have been duly given when received. 
  
 The Initial Purchasers or the Issuers by notice to the other parties may designate additional or different addresses for subsequent notices or
communications. 
  
 12. Remedies. Each Holder, in addition
to being entitled to exercise all rights provided to it herein, in the Indenture or in the Purchase Agreement or granted by law, including recovery of liquidated or other damages, will be entitled to specific performance of its rights under this
Agreement. The Issuers agree that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Agreement and hereby agrees to waive in any action for specific performance the defense
that a remedy at law would be adequate. 
  
 13. Successors.
This Agreement shall inure to the benefit of and be binding upon the parties hereto, their respective successors and assigns, including, without the need for an express assignment or any consent by the Issuers thereto, subsequent Holders of
Securities and the New Securities, and the indemnified persons referred to in Section 6. The Issuers hereby agree to extend the benefits of this Agreement to any Holder of Securities and the New Securities, and any such Holder may specifically
enforce the provisions of this Agreement as if an original party hereto. 
  
 14. Counterparts. This Agreement may be signed in one or more counterparts, each of which shall constitute an original and all of which together shall constitute one and the same agreement. 
  
 15. Headings. The section headings used herein are for convenience
only and shall not affect the construction hereof. 
  
 16.
Applicable Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. THE PARTIES HERETO EACH HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
ARISING OUT OF OR RELATING TO THIS AGREEMENT. EACH ISSUER AGREES THAT ANY SUIT, ACTION OR PROCEEDING AGAINST AN ISSUER BROUGHT BY ANY HOLDER OR INITIAL PURCHASER, THE DIRECTORS, OFFICERS, EMPLOYEES, AFFILIATES AND AGENTS OF ANY HOLDER OR INITIAL
PURCHASER, OR BY ANY PERSON WHO CONTROLS ANY HOLDER OR INITIAL PURCHASER, ARISING OUT OF OR BASED UPON THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY MAY BE INSTITUTED IN ANY STATE OR U.S. FEDERAL COURT IN THE CITY OF NEW YORK AND COUNTY OF
NEW YORK, AND WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH PROCEEDING, AND IRREVOCABLY SUBMITS TO THE  

  

 -20- 

 
NON-EXCLUSIVE JURISDICTION OF SUCH COURTS IN ANY SUIT, ACTION OR PROCEEDING. 
  
 17. Severability. In the event that any one of more of the provisions contained herein, or the application thereof in
any circumstances, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions hereof shall not be in any way
impaired or affected thereby, it being intended that all of the rights and privileges of the parties shall be enforceable to the fullest extent permitted by law. 
  
 18. Securities Held by Any Issuer, etc. Whenever the consent or approval of Holders of a specified percentage of
principal amount of Securities or New Securities is required hereunder, Securities or New Securities, as applicable, held by any Issuer or any Affiliate of any Issuer (other than subsequent Holders of Securities or New Securities if such subsequent
Holders are deemed to be Affiliates solely by reason of their holdings of such Securities or New Securities) shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage. 
  
 19. Termination. This Agreement shall automatically terminate if the
Company completes a Special Mandatory Redemption (as defined in the Indenture). 
  

 -21- 

 If the foregoing is in accordance with your understanding of our agreement, please sign and return to us
the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement by and among the Issuer and the several Initial Purchasers. 
  

					
	 Very truly yours,

	
	 ACCO FINANCE I, INC.

		
	By:	 	/s/    NEAL V.
FENWICK        
	 	 	 Name:
	 	Neal V. Fenwick
	 	 	 Title:
	 	Vice President and Assistant Treasurer

  
 The foregoing Agreement is
hereby 
 confirmed and accepted as of the 
 date first above
written. 
  

					
	 Citigroup Global Markets Inc.
 Goldman, Sachs & Co.
 ABN AMRO Incorporated
 Harris Nesbitt Corp.
 NatCity Investments, Inc.
 Piper Jaffray & Co.
 As Initial Purchasers

		
	By:	 	 Citigroup Global Markets Inc.

		
	By:	 	/s/    BARBARA R.
MATAS        
	 	 	 Name:
	 	Barbara R. Matas
	 	 	 Title:
	 	Managing Director
		
	 	 	 For itself and the other Initial Purchasers.

		
	By:	 	 Goldman, Sachs & Co.

		
	By:	 	 /s/ Goldman, Sachs & Co.

	 	 	 (Goldman, Sachs & Co.)

		
	 	 	 For itself and the other Initial Purchasers

  

 -22- 

 SCHEDULE I 
  

				
	 Initial Purchasers

	  	 Principal Amount
of Securities
 to be Purchased

	 Citigroup Global Markets Inc.
	  	$	149,939,300
	 Goldman, Sachs & Co.
	  	 	114,660,700
	 ABN AMRO Incorporated
	  	 	66,150,000
	 Harris Nesbitt Corp.
	  	 	12,250,000
	 NatCity Investments, Inc
	  	 	3,500,000
	 Piper Jaffray & Co
	  	 	3,500,000
	 	  	
	

	 Total
	  	$	350,000,000
	 	  	
	

 SCHEDULE II 
  
 Guarantors 
  
 ACCO Brands USA LLC, a Delaware limited liability company 
 Boone
International, Inc., a California corporation 
 Day-Timers, Inc., a Delaware corporation 
 General Binding Corporation, a Delaware corporation 
 GBC International, Inc., a Nevada corporation 
 VeloBind, Inc., a Delaware corporation 

 EXHIBIT A 
  

Form of Joinder Agreement 
  
 JOINDER AGREEMENT, dated as of                 , 2005, among ACCO
Brands Corporation (f/k/a ACCO World Corporation), a Delaware corporation (the “Company”), the Guarantors (as defined in the Registration Rights Agreement, as defined below, and, together with the Company, the “Joinder
Parties”) and the Representatives (as defined in the Registration Rights Agreement), in connection with the ACCO Assumption (as defined the registration rights agreement dated August 5, 2005, as amended from time to time, among ACCO Finance
I, Inc., a Delaware corporation (“ACCO Finance”), and the Initial Purchasers named therein (the “Registration Rights Agreement”). Capitalized terms used but not otherwise defined herein shall have the corresponding
meanings assigned to them in the Registration Rights Agreement. 
  
 WHEREAS, ACCO Finance and the Initial Purchasers have heretofore executed and delivered the Registration Rights Agreement; and 
  
 WHEREAS, pursuant to the terms of the escrow agreement, dated as of August 5, 2005, among ACCO Finance, the Company, Wachovia Bank, National Association
and Citbank, N.A., Agency & Trust as a condition to the release of the proceeds from the sale of the Notes, each of the Company and the Guarantors is required to become a party to the Registration Rights Agreement. 
  
 NOW, THEREFORE, the undersigned hereby agree for the benefit of the Holders,
as follows: 
  
 1. Each of the Joinder Parties hereby acknowledges
that it has received and reviewed a copy of the Registration Rights Agreement and all other documents it has requested in connection with entering into this joinder agreement (the “Joinder”), and acknowledges and agrees, as
indicated by its signature below, to (i) join and become a party to the Registration Rights Agreement; (ii) be bound by all covenants, agreements, representations, warranties and acknowledgments attributable to it under the Registration Rights
Agreement as if made by, and with respect to, such signatory hereto; and (iii) perform all obligations and duties required of it pursuant to the Registration Rights Agreement. 
  
 2. Each of the Joinder Parties hereby represents and warrants to and agrees with the Initial Purchasers that it has all the
requisite corporate or limited liability company power and authority to execute, deliver and perform its obligations under this Joinder and that when this Joinder is executed and delivered, it will constitute a valid and legally binding agreement
enforceable against each of the undersigned in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights
generally, general equitable principles (whether considered in a preceding in equity or at law) and an implied covenant of good faith and fair dealing. 
  

 A-1 

 3. This Joinder may be signed in one or more counterparts (which maybe delivered in original form or
telecopier), each of which shall constitute an original when so executed and all of which together shall constitute one and the same agreement. 
  
 4. No amendment or waiver of any provision of this Joinder, nor any consent or approval to any departure therefrom, shall in any event be effective unless
the same shall be in writing and signed by the parties thereto. 
  
 5. THIS JOINDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. THE PARTIES HERETO EACH HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR
RELATING TO THIS JOINDER. EACH JOINDER PARTY AGREES THAT ANY SUIT, ACTION OR PROCEEDING AGAINST A JOINDER PARTY BROUGHT BY ANY HOLDER OR INITIAL PURCHASER, THE DIRECTORS, OFFICERS, EMPLOYEES, AFFILIATES AND AGENTS OF ANY HOLDER OR INITIAL PURCHASER,
OR BY ANY PERSON WHO CONTROLS ANY HOLDER OR INITIAL PURCHASER, ARISING OUT OF OR BASED UPON THIS JOINDER MAY BE INSTITUTED IN ANY STATE OR U.S. FEDERAL COURT IN THE CITY OF NEW YORK AND COUNTY OF NEW YORK, AND WAIVES ANY OBJECTION WHICH IT MAY NOW
OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH PROCEEDING, AND IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF SUCH COURTS IN ANY SUIT, ACTION OR PROCEEDING. 
  

 -2- 

 IN WITNESS WHEREOF, the undersigned have executed this agreement this      day
of                     , 2005. 
  

			
	 ACCO BRANDS CORPORATION

		
	By:	 	 
	 	 	 Name:

	 	 	 Title:

	
	 ACCO BRANDS USA LLC
 BOONE INTERNATIONAL, INC.
 DAY-TIMERS, INC.
 GENERAL BINDING CORPORATION
 GBC INTERNATIONAL, INC.
 VELOBIND, INC.

		
	By:	 	 
	 	 	 Name:

	 	 	 Title:

  

			
	The foregoing Joinder is hereby
confirmed and accepted as of the
date first above written.
	
	Citigroup Global Markets Inc.
		
	By:	 	 
	 	 	 Name:

	 	 	 Title:

		
	 	 	 For itself and the other Initial Purchasers.

		
	 	 	 Goldman, Sachs & Co.

		
	By:	 	 
	 	 	 (Goldman, Sachs & Co.)

		
	 	 	 For itself and the other Initial Purchasers

  

 -3- 

 ANNEX A 
  
 Each broker-dealer that receives new securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in
connection with any resale of such new securities. The letter of transmittal states that by so acknowledging and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the
Act. This prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of new securities received in exchange for securities where such securities were acquired by such broker-dealer
as a result of market-making activities or other trading activities. The Issuers have agreed that, starting on the expiration date and ending on the close of business 180 days after the expiration date, it will make this prospectus available to any
broker-dealer for use in connection with any such resale. See “Plan of Distribution”. 
  

 A-1 

 ANNEX B 
  
 Each broker-dealer that receives new securities for its own account in exchange for securities, where such securities were acquired by such broker-dealer
as a result of market-making activities or other trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of such new securities. See “Plan of Distribution”. 
  

 B-1 

 ANNEX C 
  
 PLAN OF DISTRIBUTION 
  
 Each broker-dealer that receives new securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in
connection with any resale of such new securities. This prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of new securities received in exchange for securities where such
securities were acquired as a result of market-making activities or other trading activities. The Issuers have agreed that, starting on the expiration date and ending on the close of business 180 days after the expiration date, it will make this
prospectus, as amended or supplemented, available to any broker-dealer for use in connection with any such resale. [In addition, until                 ,
            , all dealers effecting transactions in the new securities may be required to deliver a prospectus.] 
  
 The Issuers will not receive any proceeds from any sale of new securities by broker-dealers. New securities received by
broker-dealers for their own account pursuant to the exchange offer may be sold from time to time in one or more transactions in the over-the-counter market, in negotiated transactions, through the writing of options on the new securities or a
combination of such methods of resale, at market prices prevailing at the time of resale, at prices related to such prevailing market prices or at negotiated prices. Any such resale may be made directly to purchasers or to or through brokers or
dealers who may receive compensation in the form of commissions or concessions from any such broker-dealer and/or the purchasers of any such new securities. Any broker-dealer that resells new securities that were received by it for its own account
pursuant to the exchange offer and any broker or dealer that participates in a distribution of such new securities may be deemed to be an “underwriter” within the meaning of the Securities Act, and any profit of any such resale of new
securities and any commissions or concessions received by any such persons may be deemed to be underwriting compensation under the Securities Act. The letter of transmittal states that, by acknowledging that it will deliver and by delivering a
prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act. 
  
 For a period of 180 days after the expiration date, the Company will promptly send additional copies of this prospectus and any amendment or supplement to
this prospectus to any broker-dealer that requests such documents in the letter of transmittal. The Issuers have agreed to pay all expenses incident to the exchange offer (including the expenses of one counsel for the holders of the securities)
other than commissions or concessions of any brokers or dealers and will indemnify the holders of the securities (including any broker-dealers) against certain liabilities, including liabilities under the Securities Act. 
  
 [If applicable, add information required by Regulation S-K Items 507
and/or 508.] 
  

 C-1 

 ANNEX D 
  
 Rider A 
  
 PLEASE FILL IN YOUR NAME AND ADDRESS BELOW IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR SUPPLEMENTS THERETO. 
  

			
	Name:	  	___________________________
	Address: 	  	___________________________
	 	  	___________________________

  
 Rider B 
  
 If the undersigned is not a broker-dealer, the undersigned represents that it acquired the
new securities in the ordinary course of its business, it is not engaged in, and does not intend to engage in, a distribution of new securities and it has no arrangements or understandings with any person to participate in a distribution of the new
securities. If the undersigned is a broker-dealer that will receive new securities for its own account in exchange for securities, it represents that the securities to be exchanged for new securities were acquired by it as a result of market-making
activities or other trading activities and acknowledges that it will deliver a prospectus in connection with any resale of such new securities; however, by so acknowledging and by delivering a prospectus, the undersigned will not be deemed to admit
that it is an “underwriter” within the meaning of the Securities Act.ACCO Brands Corporation 2005 Long-Term Incentive Plan

 Exhibit 10.1 
  
 ACCO BRANDS CORPORATION 
 2005 LONG-TERM INCENTIVE PLAN 
  

	1.	Purpose of Plan 

  
 The purpose of this 2005 Long-Term Incentive Plan (the “Plan”) is to (i) aid ACCO Brands Corporation (“ACCO”) and its Subsidiaries
(with ACCO, collectively, the “Company”) in achieving superior long-term performance through attracting, retaining and motivating the best available Key Employees and Non-Employee Directors. The Plan seeks to achieve this purpose through
providing incentives linked to value creation for shareholders and achievement of certain long-term strategic and financial goals. 
  

	2.	Definitions 

  
 As used in the Plan, the following words shall have the following meanings: 
  
 a. “Affiliate” and “Associate” shall have the respective meanings ascribed to such terms
in Rule 12b-2 of the General Rules and Regulations under the Exchange Act, as in effect on July 25, 2005; 
  
 b. “Award” means an award or grant made to an Employee Participant or Director Participant pursuant to the Plan, including,
without limitation, an award or grant of an Option, Right, Restricted Stock, Restricted Stock Unit, Performance Award or Other Stock-Based Award, or any combination of the foregoing; 
  
 c. “Board of Directors” means the Board of Directors of ACCO; 
  
 d. “Code” means the Internal Revenue Code of 1986,
as amended; 
  
 e. “Committee” means
the Compensation Committee of the Board of Directors; 
  
 f. “Common Stock” means common stock, par value $.01 per share, of ACCO; 
  
 g. “Director Award” means an award or grant made to a Director Participant pursuant to the Plan, including, without limitation,
an award or grant of an Option, Right, Restricted Stock, Restricted Stock Unit, Performance Award or Other Stock-Based Award, or any combination of the foregoing. 

 h. “Director Participant” means any Non-Employee Director to whom one or more
Director Award grants have been made that have not all been forfeited or terminated under the Plan; 
  
 i. “Disability” has the same meaning as provided in the long-term disability plan or policy maintained or, if applicable, most
recently maintained, by the Company for the Participant. If no long-term disability plan or policy was ever maintained on behalf of the Participant or, if the determination of Disability relates to an Incentive Stock Option, Disability shall mean
that condition described in Section 22(e)(3) of the Code, as amended from time to time. In the event of a dispute, the determination of a Disability shall be made by the Committee (or, with respect to a Non-Employee Director, the Board of Directors)
and shall be supported by advice of a physician competent in the area to which Disability relates. Subject to the approval of the Committee (or, with respect to a Non-Employee Director, the Board of Directors), a different definition of Disability
may be applicable to a Participant employed outside the United States who is subject to local disability laws and programs. 
  
 j. “Employee Participant” means a Key Employee to whom one or more Awards have been granted that have not all been forfeited or
terminated under the Plan; 
  
 k. “Exchange
Act” means the Securities Exchange Act of 1934, as amended; 
  
 l. “Fair Market Value” means the average of the high and low sales prices of a share of Common Stock on the New York Stock Exchange, Inc. composite tape (or if such Common Stock is not then traded on the New
York Stock Exchange, on the stock exchange or over-the-counter market on which Common Stock is principally trading) on the date of measurement, and if there were no trades on such measurement date, on the day on which a trade occurred next preceding
such measurement date, provided, however, that if the measurement date is a Sunday and the following Monday is a day on which trades occur, the average of the high and low sale prices of a share of Common Stock on such Monday shall be used, and
provided, further, that the Committee may provide that Fair Market Value means the price of a share of Common Stock on the New York Stock Exchange, Inc. at the time of delivery of shares of Common Stock in payment of the exercise price pursuant to
Section 6(a)(iii). 
  
 m. “Incentive Stock
Option” means a stock option to purchase shares of Common Stock which is intended to qualify as an incentive stock option as defined in Section 422 of the Code; 
  

 2 

 n. “Key Employee” means any person, including an officer, in the employment of
the Company who, in the opinion of the Committee, is or is expected to be responsible for the management, growth or protection of some part or aspect of the business of the Company or who makes, or is expected to make, a critical contribution to the
Company; 
  
 o. “Limited Right” means a
right which the Committee (or, with respect to a Director Award, the Board of Directors) may determine to include in an Option or Right for a Participant to receive cash in lieu of the exercise of an Option or Right as set forth in Section 12(b);

  
 p. “Non-Employee Director” means
any current of future member of the Board of Directors who is not an employee of ACCO or a Subsidiary. 
  
 q. “Nonqualified Stock Option” means a stock option to purchase shares of Common Stock which is intended not to qualify as an
incentive stock option as defined in Section 422 of the Code; 
  
 r. “Option” means an Incentive Stock Option, a Nonqualified Stock Option or an option granted pursuant to Section 15; 
  

s. “Other Stock-Based Award” means an Award pursuant to Section 9; 
  
 t. “Participant” means an Employee Participant or
Director Participant; 
  
 u. “Performance
Period” means the period specified with respect to a Performance Award, or Award of Restricted Stock Units during which specified performance criteria are to be measured; 
  
 v. “Performance Award” means an Award granted pursuant to Section 8; 
  
 w. “Restricted Stock” means shares of Common Stock
granted pursuant to Section 7 or as part of a Performance Award or an Other Stock-Based Award that is issued to an Employee Participant or Non-Employee Director subject to restrictions on transfer and such other restrictions on incidents of
ownership as the Committee (or, with respect to a Director Award, the Board of Directors) may determine; 
  
 x. “Restricted Stock Unit” means an Award granted pursuant to Section 7 that entitles an Employee Participant to receive at a
specified future 

  

 3 

 
date, payment of an amount equal to all or a portion of the Fair Market Value of a specified number of shares of Common Stock at the end of a specified
period. At the time of the grant, the Committee (or, with respect to a Director Award, the Board of Directors) shall determine the factors which will govern the portion of the rights so payable, including, at the discretion of the Committee (or,
with respect to a Director Award, the Board of Directors), any employment or service period that must be completed or performance criteria that must be satisfied as a condition to payment; 
  
 y. “Retirement” means (i) termination of
employment on or after attaining age 55 and completion of at least five years of service with the Company, provided that Retirement shall not include termination of employment by reason of failure to maintain work performance standards, violation of
Company policies or dishonesty or other misconduct prejudicial to the Company, or (ii) retirement from service as a member of the Board of Directors by a Non-Employee Director after five or more years of service as a Director Participant;

  
 z. “Right” means a stock
appreciation right to elect to receive shares of Common Stock with a fair market value, at the time of any exercise of such stock appreciation right, equal to the amount by which the fair market value of all shares subject to the Option (or part
thereof) in respect of which such stock appreciation right was granted exceeds the exercise price of said Option (or part thereof) or, if approved by the Committee (or, with respect to a Director Award, the Board of Directors) at the time of grant
and set forth in the Award, to receive from the Company, in lieu of such shares, the fair market value in cash, or to receive a combination of such shares and cash, as provided in Section 6, and shall also mean a stock appreciation right granted
pursuant to Section 15(b); and 
  
 aa.
“Subsidiary” means any corporation or entity, other than ACCO, in an unbroken chain of corporations or other entities beginning with ACCO, if each of the corporations or other entities other than the last corporation or entity in the
unbroken chain owns 50% or more of the voting stock in one of the other corporations in such chain, except that with respect to Incentive Stock Options, “Subsidiary” means “subsidiary corporation” as defined in Section 424(f) of
the Code. 
  

	3.	Administration of Plan 

  
 The Plan shall be administered by the Committee whose members shall be appointed by the Board of Directors and consisting of at least three members of the
Board of Directors. The Committee may from time to time make such Awards under the Plan to such Key Employees and in such form and having such terms, conditions and limitations 

  

 4 

 
as the Committee may determine. The Committee may delegate to an officer the right to designate Key Employees of the Company (other than the delegate or
officers of ACCO) to be granted Options and Rights and other Awards and the number of shares of Common Stock or cash subject to Options and Rights and other Awards granted to each such Key Employee, provided that the aggregate number of the Options
and Rights and other Awards so to be awarded and their terms and conditions shall be determined by the Committee. The members of the Committee shall qualify to administer the Plan for purposes of Rule 16b-3 (and any other applicable rule)
promulgated under Section 16(b) of the Exchange Act, must be independent directors under the New York Stock Exchange rules and must be outside directors for purposes of Section 162(m) of the Code. The Committee may adopt its own rules of procedure,
and the action of a majority of the Committee, taken at a meeting, or taken without a meeting by unanimous written consent of the members of the Committee, shall constitute action by the Committee. The Committee shall have the power and authority to
administer, construe and interpret the Plan, to make rules for carrying it out and to make changes in such rules, and to correct any defect, supply any omission and reconcile any inconsistency in the Plan. The Committee’s determinations under
the Plan need not be uniform and may be made by it selectively among eligible persons who receive, or are eligible to receive, Awards under the Plan, whether or not such persons are similarly situated. The Committee may delegate to ACCO certain
administrative, reporting and other similar tasks. Notwithstanding the foregoing, Director Awards shall be granted by, and shall be administered by, the Board of Directors. 
  

	4.	Limitations and Conditions 

  
 a. The total number of shares of Common Stock that may be made subject to Awards under the Plan, including Incentive Stock Options, is
4,200,000 shares, of which no more than 1,000,000 shares may be issued in respect of Awards of Restricted Stock, Restricted Stock Units, Performance Shares, Other Stock-Based Awards and Rights. Such total number of shares may consist, in whole or in
part, of unissued shares or reacquired shares. Not more than 500,000 shares of Common Stock may be made subject to Options or Rights under the Plan annually to any individual Participant, which limitation shall be applied in a manner consistent with
the requirements of Section 162(m) of the Code. The foregoing numbers of shares may be increased or decreased by the events set forth in Section 12(a). In the event that the Company makes an acquisition or is a party to a merger or consolidation and
ACCO assumes the options or other awards consistent with the purpose of this Plan of the company acquired, merged or consolidated which are administered pursuant to this Plan, shares of Common Stock subject to the assumed options or other award
shall not count as part of the total number of shares of Common Stock that may be made subject to Awards under this Plan. 
  

 5 

 b. Any shares that have been made subject to an Award or Director Award that cease to be
subject to the Award or Director Award (other than by reason of exercise or payment of the Award to the extent that it is settled in shares) shall again be available for award and shall not be considered as having been theretofore made subject to
award. Any shares of Common Stock delivered upon exercise of an Option in payment of all or part of the Option, or delivered or withheld in satisfaction of withholding taxes with respect to an Award or Director Award, shall be additional shares
available for award under the Plan. Any shares subject to option under an Option (or part thereof) that is cancelled upon exercise of a Right when settled wholly or partially in shares shall to the extent of such settlement in shares be treated as
if the Option itself were exercised and such shares received in settlement of the Right shall no longer be available for grant. 
  
 c. No Award or Director Award shall be made or granted under the Plan after December 31, 2009, provided that no Award may be made to a Key
Employee covered by Section 162(m) of the Code after the first annual stockholders’ meeting of ACCO following the first anniversary of the spin-off of ACCO by Fortune Brands Inc., but the terms of Awards and Director Awards granted on or before
the expiration thereof may extend beyond such expiration. At the time an Award or Director Award is granted or amended or the terms or conditions of an Award or Director Awards are changed, the Committee (or, with respect to a Director Award, the
Board of Directors) may provide for limitations or conditions on such Award or Director Award. 
  
 d. No Award or Director Award or portion thereof shall be transferable by the Participant otherwise than by will or by the laws of descent
and distribution, except that an Option and related Right may be transferred pursuant to a domestic relations order or by gift to a family member of the holder to the extent permitted in the applicable Award or Director Award . A Right shall never
be transferred except to the transferee of the related Option. During the lifetime of the Participant, an Option or Right shall be exercisable only by the Participant unless it has been transferred to an immediate family member of the holder or to a
trust for the benefit of such immediate family members, in which case it shall be exercisable only by such transferee. For the purpose of this provision, a “family member” shall have the meaning set forth in the General Instructions to
Form S-8 Registration Statement under the Securities Act of 1933. 
  
 e. No person who receives an Award or Director Award under the Plan which includes shares of Common Stock or the right to acquire shares of Common Stock (which may include shares of Restricted Stock or Restricted
Stock Units pursuant to Section 7) shall have any rights of a stockholder (i) as to shares under option until, after proper exercise of the Option, such shares have 

  

 6 

 
been recorded on ACCO’s official stockholder records as having been issued or transferred, (ii) as to shares to be delivered following exercise of a
Right until, after proper exercise of the Right and determination by the Committee (or, with respect to a Director Award, the Board of Directors) to make payment therefor in shares, such shares shall have been recorded on ACCO’s official
stockholder records as having been issued or transferred, or (iii) as to shares included in Awards or Director Awards of Restricted Stock, Performance Awards or Other Stock-Based Awards, until such shares shall have been recorded on ACCO’s
official stockholder records as having been issued or transferred. 
  
 f. ACCO shall not be obligated to pay any shares until they have been listed (or authorized for listing upon official notice of issuance) upon each stock exchange upon which outstanding shares of such class at the
time are listed nor until there has been compliance with such laws or regulations as ACCO may deem applicable. ACCO shall use its best efforts to effect such listing and compliance. No fractional shares shall be paid. 
  
 g. Nothing contained herein shall affect the right of the
Company to terminate any Employee Participant’s employment at any time or for any reason. 
  
 h. Nothing contained herein shall be deemed to create the right in any Non-Employee Director to remain a member of the Board of Directors,
to be nominated for reelection or to be reelected as such or, after claiming to be such a member, to receive any Director Award under the Plan to which he or she is not already entitled with respect to any year. 
  
 i. A Participant may elect to defer receipt of payment of an
Award if permitted by, and in accordance with, the terms and conditions of any deferred compensation program adopted by ACCO. 
  

	5.	Director Awards 

  
 At such times as the Board may determine, the Board may in its sole discretion, award to each Non-Employee Director, or to one or more designated
Non-Employee Directors, a Director Award which may be an award of Options, Rights, Restricted Stock, Restricted Stock Units, Performance Awards or other Stock-Based Awards, or any combination thereof. The terms and conditions of the Director Award
shall be provided for in the Director Award which shall be consistent with the provisions of this Plan. The Board of Directors shall have the authority to administer and interpret Director Awards. 
  

 7 

	6.	Awards of Options and Rights 

  
 a. The terms and conditions with respect to each Award of Options, including each Option awarded to a Director Participant, and to each
Director Option under the Plan shall be consistent with the following: 
  
 (i) The Option price per share shall not be less than Fair Market Value at the time the Option is granted. 
  
 (ii) Exercise of the Option shall be conditioned upon the Participant named therein having remained in the employ of the Company or in
service as a Non-Employee Director, as applicable, for at least one year after the date of the grant of the Option and shall also be subject to the satisfaction of any performance criteria set forth in the Option; provided, however, that this
condition shall not be applicable in the event of the death of the Participant or as otherwise provided in Section 12(b). The Option shall be exercisable in whole or in part from time to time during the period beginning at the completion of the
required employment time, or the service period for a Director Participant, and satisfaction of any performance criteria as specified at the date of grant stated in the Option and ending at the expiration of ten years from the date of grant of the
Option, unless an earlier expiration date shall be stated in the Option or the Option shall cease to be exercisable pursuant to Section 6(a)(iv). The agreement evidencing the Award shall indicate whether the Option is intended to be an Incentive
Stock Option or a Nonqualified Stock Option. To the extent that the aggregate Fair Market Value of shares with respect to which Incentive Stock Options are exercisable for the first time by any Employee Participant during any calendar year exceeds
$100,000, such Options shall be treated as Nonqualified Stock Options. The foregoing shall be applied by taking Options into account in the order in which they were granted. For purposes of the foregoing, the Fair Market Value of any share shall be
determined at the time of the Award of the Option. In the event the foregoing results in a portion of an Incentive Stock Option exceeding the $100,000 limitation, only such excess shall be treated as a Nonqualified Stock Option. 
  
 (iii) Payment in full of the Option price shall be made upon
exercise of each Option and may be made in cash, by the delivery of shares of Common Stock with a Fair Market Value equal to the Option price, provided the Participant has held such shares for a period of at least six months, or by a combination of
cash and such shares that have been held by the Participant for a period of at least six months whose Fair 

  

 8 

 
Market Value together with such cash shall equal the Option price. The Committee (or, with respect to a Director Award, the Board of Directors) may also
permit Participants, either on a selective or aggregate basis, simultaneously to exercise Options and sell the shares of Common Stock thereby acquired pursuant to a brokerage or similar arrangement, approved in advance by the Committee (or, with
respect to a Director Award, the Board of Directors), and use the proceeds from such sale as payment of the purchase price of such shares. 
  
 (iv) If a Participant’s employment with the Company terminates or if a Participant’s status as a Non-Employee Director ceases
other than by reason of the Participant’s death, Disability or Retirement, the Participant’s Option shall terminate and cease to be exercisable three months from the date of such termination or cessation of service except as otherwise
provided in Section 12(b). 
  
 (v) If a
Participant’s employment with the Company or status as a Non-Employee Director terminates by reason of death, Disability or Retirement, the Participant’s Option shall be nonforfeitable and continue to be exercisable for five years from the
date of death, Disability or Retirement but not after the expiration date stated in the Option and shall cease to be exercisable thereafter, provided that a Nonqualified Stock Option may be exercised within one year from the date of death even if
later than such expiration date. 
  
 (vi) In the
case of a Participant whose principal employer is a Subsidiary, then such Participant’s employment shall be deemed to be terminated for purposes of this Section 6 as of the date on which such principal employer is no longer a Subsidiary.

  
 (vii) Repricing of Options shall not be
permitted. For this purpose, a “repricing” means any of the following (or any other action that has the same effect as any of the following): (A) changing the terms of an Option to lower its Option price; (B) any other action that is
treated as a “repricing” under generally accepted accounting principles; and (C) canceling an Option at a time when its Option price is equal to or less than the Fair Market Value of the underlying stock in exchange for another Option,
restricted stock or other equity award, unless the cancellation and exchange occurs in connection with an event set forth in Section 12. Such cancellation and exchange would be considered a “repricing” regardless of whether it is treated
as a “repricing” under generally accepted accounting 

  

 9 

 
principles and regardless of whether it is voluntary on the part of the Participant. 
  
 b. The Committee or its delegate authorized pursuant to Section 3, or the Board of Directors with respect to
Non-Employee Directors, at the time of grant of an Option or at any time prior to the expiration of its term, may also grant, subject to the terms and conditions of the Plan, Rights in respect of all or part of such Option to the Participant who has
been granted the Option, provided that at such time the Participant is a Non-Employee Director or a Key Employee; 
  
 c. The holder of an Option or Right who decides to exercise the Option or Right in whole or in part shall give notice to the Secretary of
ACCO or his delegate of such exercise in writing on a form approved by the Committee (or, with respect to a Director Award, the Board of Directors). A notice exercising a Right shall also specify the extent, if any, to which the Participant elects
to receive cash, and shall be subject to the determination by the Committee (or, with respect to a Director Award, the Board of Directors) as provided in Section 6(f). Any exercise shall be effective as of the date specified in the notice of
exercise, but not earlier than the date the notice of exercise, together with, in the case of exercise of an Option, payment in full of the Option price, is actually received and in the hands of the Secretary of ACCO or his delegate. 
  
 d. To the extent an Option is exercised in whole or in part,
any Right granted in respect of such Option (or part thereof) shall terminate and cease to be exercisable. To the extent a Right is exercised in whole or in part, the Option (or part thereof) in respect of which such Right was granted shall
terminate and cease to be exercisable. 
  
 e.
Subject to Section 15, a Right granted with an accompanying Option shall be exercisable only during the period in which the Option (or part thereof) in respect of which such Right was granted is exercisable. 
  
 f. To the extent that a Right may be settled in cash, the
Committee (or, with respect to a Director Award, the Board of Directors) shall have sole discretion to determine the form in which payment will be made following exercise of a Right. All or any part of the obligation arising out of an exercise of a
Right may be settled: 
  
 (i) by payment in
shares of Common Stock with a fair market value equal to the cash that would otherwise be paid; 
  
 (ii) by payment in cash; or 
  

 10 

 (iii) by payment in a combination of such shares and cash. 
  
 g. To the extent that any Right that shall have become
exercisable shall not have been exercised or cancelled or, by reason of any termination of employment, shall have become non-exercisable, it shall be deemed to have been exercised automatically, without any notice of exercise, on the last day on
which its related Option is exercisable, provided that any conditions or limitations on its exercise (other than (i) notice of exercise and (ii) exercise or election to exercise during the period prescribed in Section 6(e)) are satisfied and the
Right shall then have value. Such exercise shall be deemed to specify that, subject to determination by the Committee (or, with respect to a Director Award, the Board of Directors) as provided in Section 6(f) and the Right being authorized to be
settled in cash, the holder elects to receive cash and that such exercise of a Right shall be effective as of the time of the exercise. 
  

	7.	Awards of Restricted Stock and Restricted Stock Units 

  
 a. The terms and conditions with respect to each Award of Restricted Stock under the Plan shall be consistent with the following:

  
 (i) Restricted Stock Awards are subject to
such restrictions as determined by the Committee (or, with respect to a Director Award, the Board of Directors) including but not limited to the continued employment or service of the Participant with the Company during a period set forth in the
Award, or the achievement of one or more specific goals with respect to the performance of the Company, a business unit (which may but need not be a Subsidiary) of the Company or with respect to performance of that Participant over a specified
period of time. The provisions of Awards of Restricted Stock need not be the same with respect to each Participant. 
  
 (ii) Awards of Restricted Stock shall be registered in the name of the Participant and shall be held in book-entry form subject to
ACCO’s instructions until the terms, conditions and restrictions applicable to such Award lapse. The Committee (or, with respect to a Director Award, the Board of Directors) may require that, as a condition of any Award of Restricted Stock, the
Participant shall have delivered a stock power, endorsed in blank, relating to the Common Stock covered by such Award. 
  
 (iii) Shares of Restricted Stock shall be subject to the restrictions set forth in this Section 6(a)(iii). 
  

 11 

 A. Subject to the provisions of the Plan and the applicable Award, during the period
established by the Committee (or, with respect to a Director Award, the Board of Directors) commencing on the date of such Award (the “Restriction Period”), the Participant shall not be permitted to sell, assign, transfer, pledge or
otherwise encumber such shares of Restricted Stock. 
  
 B. Subject to Section 4(e) and except as provided in this Section 7(a)(iii), the Participant shall have, with respect to shares of Restricted Stock issued to such Participant under the Plan, all of the rights of a holder of Common Stock of
ACCO, including the right to vote the shares and the right to receive any cash dividends. The Committee (or, with respect to a Director Award, the Board of Directors) may provide in the Award that cash dividends shall be automatically reinvested in
additional shares of Common Stock which shall be treated as Restricted Stock under this Section 7 and dividends payable in Common Stock shall be treated as additional shares of Restricted Stock subject to the same restrictions and other terms and
conditions that apply to the shares with respect to which such dividends are issued. The Committee (or, with respect to a Director Award, the Board of Directors) may also provide at the time of the Award that any dividends on other distributions
paid with respect to the Restricted Stock while subject to the restrictions shall be accumulated, with or without interest, and held subject to the same restrictions as the Restricted Stock and such other terms and conditions as the Committee (or,
with respect to a Director Award, the Board of Directors) shall determine. 
  
 C. Except to the extent otherwise provided in this Section 7(a)(iii), in Section 12(c) or 12(d) or in the applicable Award, upon termination of a Participant’s employment or service with the Company for any
reason other than death, Disability or Retirement during the Restriction Period, all shares still subject to restriction shall be forfeited by the Participant. 
  

D. Except to the extent otherwise provided in the applicable Award, if the Participant’s employment or service shall terminate
and cease by reason of Disability, Retirement or death, the Restriction Period with respect to any shares of Restricted Stock then held shall expire as of the date of such Disability, Retirement or death. 
  

 12 

 E. Unless otherwise provided in an Award, upon termination of a Participant’s
employment or service with the Company by reason of death, Disability or Retirement, the Restricted Stock shall be payable but prorated for the portion of the Restricted Period ending on the date of death, Disability or Retirement. 
  
 F. Upon expiration of the Restriction Period with respect
to any book entry credits of Restricted Stock without a prior forfeiture thereof, ACCO’s transfer agent will be notified that the transfer of such Restricted Stock shall no longer be subject to the terms, conditions and restrictions referred to
in Section 6(a)(ii) hereof. 
  
 b. The terms and
conditions with respect to each Award of Restricted Stock Units under the Plan shall be consistent with the following: 
  
 (i) At the time of the grant, the Committee (or, with respect to a Director Award, the Board of Directors) shall determine the factors
which will govern the portion of the Award so payable, including, at the discretion of the Committee (or, with respect to a Director Award, the Board of Directors), any period of continued employment or service with the Company or any performance
criteria that must be satisfied as a condition to payment. 
  
 (ii) Payment in respect of Restricted Stock Units shall be made no later than two and one-half months after the end of the calendar year in which the Participant becomes entitled to receive the Award or Director
Award. Payment may be made in cash, in Common Stock valued at Fair Market Value on the date of satisfaction of the continued employment or performance criteria, or partly in cash and partly in Stock, as provided in the applicable Award. 

 
 (iii) Unless otherwise provided in an Award, upon
termination of a Participant’s employment or service with the Company for reasons other than death, Disability of Retirement during the applicable restriction or Performance Period, all Restricted Stock Units shall be forfeited by the
Participant. 
  
 (iv) Unless otherwise provided
in an Award, upon termination of a Participant’s employment or service with the Company by reason of death, Disability or Retirement and if the performance criteria have been 

  

 13 

 
satisfied, the Restricted Stock Unit shall be payable but prorated for the portion of the restricted period ending on the date of death, Disability or
Retirement. 
  

	8.	Performance Awards 

  
 The terms and conditions with respect to each Performance Award under the Plan shall be consistent with the following: 
  
 a. Performance Awards may be paid in cash, shares of Common
Stock (which may, but need not, be shares of Restricted Stock pursuant to Section 7), or any combination thereof. The Committee (or, with respect to a Director Award, the Board of Directors) shall determine the nature, length and starting date of
the Performance Period for each Performance Award which shall be at least two years (subject to Sections 12(c) and 12(d)) and shall determine the performance objectives to be used in valuing Performance Awards and determining the extent to which
such Performance Awards have been earned. Performance objectives may vary from Participant to Participant and between groups of Participants and shall be based upon the following strategic, financial or, net assets share price performance goals:
revenues; operating income; operating company contribution; cash flow; cash flow from operations; income before income taxes; income before income taxes, depreciation and amortization; income from continuing operations; net asset turnover; net
income; earnings per share; earnings per share from continuing operations; economic value added; operating margin; return on equity, assets, net assets or net tangible assets; return on invested capital; return on capital employed; return on total
capital; economic profit; working capital efficiency; cost reductions; improvement in cost of goods sold; inventory sales ratio; earnings growth; revenue growth, gross margin or total return to stockholders, whether applicable to the Company or any
relevant Subsidiary or business unit, or any combination thereof, as the Committee may deem appropriate. Performance Periods may overlap and Participants may participate simultaneously with respect to Performance Awards that are subject to different
Performance Periods and different performance factors and criteria. The terms of Performance Awards need not be the same with respect to each Participant. The Committee (or, with respect to a Director Award, the Board of Directors) shall determine
for each Performance Award subject to such Performance Period the range of dollar values or number of shares of Common Stock (which may, but need not, be shares of Restricted Stock pursuant to Section 7), or combination thereof, to be received by
the Participant at the end of the Performance Period if and to the extent that the relevant measures of performance for such Performance Awards are met. The factors must include a minimum performance standard below which no payment will be made and
a maximum 

  

 14 

 
performance level above which no increased payment will be made. No Performance Awards having an aggregate maximum dollar value in excess of $5,000,000 or an
aggregate maximum amount of Common Stock in excess of 500,000 shares shall be granted during any Performance Period to any individual Participant. To the extent that the performance criteria have been satisfied, a Performance Award shall be paid no
later than two and one-half months after the end of the Performance Period. 
  
 b. The Committee (or, with respect to a Director Award, the Board of Directors) may adjust the performance goals and measurements applicable to Performance Awards to take into account changes in law and accounting and
tax rules and to make such adjustments as the Committee (or, with respect to a Director Award, the Board of Directors) deems necessary or appropriate to reflect the inclusion or exclusion of the impact of extraordinary or unusual items, events or
circumstances, provided that no adjustment shall be made which would result in an increase in the compensation of any Participant whose compensation is subject to the limitation on deductibility under Section 162(m) of the Code, or any successor
provision, for the applicable year. The Committee (or, with respect to a Director Award, the Board of Directors) also may adjust the performance goals and measurements applicable to Performance Awards and thereby reduce the amount to be received by
any Participant pursuant to such Awards if and to the extent that the Committee (or, with respect to a Director Award, the Board of Directors) deems it appropriate, provided that no such reduction shall be made on or after the date of a Change in
Control (as defined in Section 12(b)(iii)). 
  
 c. Except as otherwise provided in the applicable Award, if during a Performance Period a Participant’s employment or service with the Company terminates by reason of the Participant’s death, Disability or Retirement prior to the
end of a Performance Period, such Participant shall be entitled to a pro rata payment with respect to each outstanding Performance Award assuming target performance but prorated for the number of days in the Performance Period prior to termination
of employment. 
  
 d. Except as otherwise
provided in Section 12(c) or 12(d) or in the applicable Award, if during a Performance Period a Participant’s employment or service with the Company terminates other than by reason of the Participant’s death, Disability or Retirement, then
such Participant shall not be entitled to any payment with respect to the Performance Awards relating to such Performance Period. 
  

 15 

 e. Payment shall be made in the form of cash or whole shares of Common Stock as the
Committee (or, with respect to a Director Award, the Board of Directors) shall determine. 
  

	9.	Other Stock-Based Awards 

  
 The Committee (or, with respect to a Director Award, the Board of Directors) may grant other Awards under the Plan to Employee Participants or Director
Participants pursuant to which shares of Common Stock (which may, but need not, be shares of Restricted Stock or Restricted Stock Units pursuant to Section 7) are or may in the future be acquired, or Awards denominated in stock units, including ones
valued using measures other than market value. Such Other Stock-Based Awards may be granted alone, in addition to or in tandem with any Award of any type granted under the Plan and must be consistent with the purposes of the Plan. Any other
Stock-Based Award shall be payable no later than two and one-half months after the end of the calendar year in which it becomes nonforfeitable. 
  

	10.	Dividend Equivalents 

  
 Any Awards (other than Awards of Options or Rights) under the Plan may, in the discretion of the Committee, (or, with respect to a Director Award, the
Board of Directors) earn dividend equivalents. In respect of any such Award which is outstanding on a dividend record date for Common Stock the Participant may be credited with an amount equal to the cash or stock dividends or other distributions
that would have been paid on the shares of Common Stock covered by such Award had such covered shares been issued and outstanding on such dividend record date. The Committee (or, with respect to a Director Award, the Board of Directors) shall
establish such rules and procedures governing the crediting of dividend equivalents, including the timing, form of payment and payment contingencies of such dividend equivalents, as it deems are appropriate or necessary. 
  

	11.	Transfers and Leaves of Absence 

  
 For purposes of the Plan: (a) a transfer of an Employee Participant’s employment without an intervening period from ACCO to a Subsidiary or vice
versa, or from one Subsidiary or another entity in which ACCO owns, directly or indirectly, an equity interest to another, or vice versa, shall not be deemed a termination of employment and such Employee Participant shall be deemed to remain in the
employ of the Company, and (b) an Employee Participant who is granted in writing a leave of absence shall be deemed to have remained in the employ of the Company during such leave of absence. 
  

 16 

	12.	Stock Adjustments, Change in Control and Divestitures 

  
 a. In the event of any merger, consolidation, stock or other non-cash dividend, extraordinary cash dividend, split-up, spin-off,
combination or exchange of shares, reorganization or recapitalization or change in capitalization, or any other similar corporate event, the Committee (or, with respect to a Director Award, the Board of Directors) may make such adjustments in (i)
the aggregate number of shares subject to the Plan and the number of shares that may be made subject to Awards to any individual Participant as set forth in Sections 8(a) and 4(a) as well as the aggregate number of shares that may be made subject to
any type of Award, (ii) the number and kind of shares that are subject to any Option (including any Option outstanding after termination of employment or cessation of director status) and the Option price per share without any change in the
aggregate Option price to be paid therefor upon exercise of the Option, (iii) the number and kind of Rights granted or that may be granted under the Plan, (iv) the number and kind of shares of outstanding Restricted Stock, (v) the number and kind of
shares of Common Stock covered by a Performance Award, Restricted Stock Unit or Other Stock-Based Award, and (vi) the number of outstanding dividend equivalents, as the Committee (or, with respect to a Director Award, the Board of Directors) shall
deem appropriate in the circumstances. The determination by the Committee (or, with respect to a Director Award, the Board of Directors) as to the terms of any of the foregoing adjustments shall be conclusive and binding. 
  
 b. Change in Control. 
  
 (i) In the event of a Change in Control (as defined in
Section 12(b)(iii)), then each Option or Right held by a Participant that is not then exercisable shall become immediately exercisable and shall remain exercisable as provided in Section 6 notwithstanding anything to the contrary in the first
sentence of Section 6(a)(ii). In addition, the Committee (or, with respect to a Director Award, the Board of Directors) may determine at the time of grant or at any time thereafter but prior to such Change in Control and provide in the Award
representing the Option or Right, each Limited Right outstanding at the time of such Change in Control shall be deemed to be automatically exercised as of the date of such Change in Control or as of such other date during the 60-day period beginning
on the date of such Change in Control as the Committee may determine prior to such Change in Control. In the event that the Limited Right is not automatically exercised, the Participant may during the 60-day period beginning on the date of the
Change in Control (such 60-day period being herein referred to as the “Extended Exercise Period”), in lieu 

  

 17 

 
of exercising such Option or Right in whole or in part, exercise the Limited Right (or part thereof), if any, pertaining to such Option. Such Participant,
whether the exercise is pursuant to his election or automatic pursuant to the terms hereof, shall be entitled to receive in cash an amount determined by multiplying the number of shares subject to such Option (or part thereof) by the amount by which
the exercise price of each share is exceeded by the fair market value of such shares at the date of exercise. A Limited Right shall be exercised in whole or in part by giving written notice of such exercise on a form approved by the Committee (or,
with respect to a Director Award, the Board of Directors) to the Secretary of ACCO or his delegate, except that no such written notice shall be required in the event such Limited Right is automatically exercised pursuant to the terms hereof. The
exercise shall be effective as of the date specified in the notice of exercise, but not earlier than the date the notice of exercise is actually received and in the hands of the Secretary of ACCO or his delegate. In the event the last day of an
Extended Exercise Period shall fall on a day that is not a business day, then the last day thereof shall be deemed to be the next following business day. To the extent an Option or a Right pertaining thereto is exercised in whole or in part, the
Limited Right in respect of such Option shall terminate and cease to be exercisable. To the extent a Limited Right is exercised in whole or in part, the Option (or part thereof) to which such Limited Right pertains and the Right (or part thereof)
pertaining to such Option (or part thereof) shall terminate and cease to be exercisable. 
  
 (ii) Notwithstanding anything to the contrary in the first sentence of Section 6(a)(ii) or in Section 6(a)(iv), the provisions of this
Section 12(b)(ii) will be applicable in the event of a termination of a Participant’s employment or status as a member of the Board of Directors on or after a Change in Control and prior to the expiration of the Extended Exercise Period
applicable thereto. No Option, Right or Limited Right held by a Participant shall terminate or cease to be exercisable as a result of his termination of employment or as a member of the Board of Directors on or after a Change in Control and prior to
the expiration of the Extended Exercise Period applicable thereto, but shall be exercisable throughout the Extended Exercise Period applicable thereto; provided, however, that in no event shall any Option or Right be exercisable after ten years from
its date of grant (except in the event of death as provided in Section 6(a)(iv)). However, in the event such Option or Right has not, on the date of termination, been held for more than six months from the date of its grant, the preceding sentence
shall apply only if such Participant has 

  

 18 

 
been terminated other than for just cause (as hereinafter defined) or has voluntarily terminated his employment or service because he in good faith believes
that as a result of such Change in Control he is unable effectively to discharge his duties or the duties of the position he occupied immediately prior to such Change in Control or because of a diminution in his aggregate compensation or in his
aggregate benefits below that in effect immediately prior to such Change in Control. For purposes hereof, termination shall be for “just cause” only if such termination is based on fraud, misappropriation or embezzlement on the part of the
Participant which results in a final conviction of a felony. Nothing in this Section 12(b) shall impair any rights otherwise provided in the Plan in respect of a Participant’s Options or Rights in the event of his death, disability or
Retirement. 
  
 (iii) A “Change in
Control” shall be deemed to have occurred if (A) any person (as that term is used in Sections 13(d) and 14(d) of the Exchange Act, as in effect on July 25, 2005) is or becomes the beneficial owner (as that term is used in Section 13(d) of the
Exchange Act, and the rules and regulations promulgated thereunder, as in effect on July 25, 2005), of 20% or more of the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors
(“Voting Securities”) of ACCO, excluding, however, the following: (1) any acquisition directly from ACCO, other than an acquisition by virtue of the exercise of a conversion privilege unless the security being so converted was itself
acquired directly from ACCO, (2) any acquisition by ACCO or a Subsidiary of ACCO, (3) any acquisition by an employee benefit plan (or related trust) sponsored or maintained by ACCO or entity controlled by ACCO, or (4) any acquisition pursuant to a
transaction that complies with clauses (1), (2) and (3) of Section 12(b)(iii)(C); (B) individuals who constitute the Board of Directors of ACCO immediately subsequent to the spin-off of ACCO by Fortune Brands, Inc. (“Fortune”) (the
“Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors, provided that any individual becoming a director subsequent to such spin-off whose election, or nomination for election by ACCO’s
stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual
whose initial assumption of office is in connection with an actual or threatened election contest relating to the election or removal of the directors of ACCO or other actual or threatened solicitation of proxies or 

  

 19 

 
consents by or on behalf of a person other than the ACCO Board of Directors; (C) ACCO shall be merged or consolidated with, or, in any transaction or series
of transactions, substantially all of the business or assets of ACCO shall be sold or otherwise acquired by, another corporation or entity unless, as a result thereof, (1) the stockholders of ACCO immediately prior thereto shall beneficially own,
directly or indirectly, at least 60% of the combined Voting Securities of the surviving, resulting or transferee corporation or entity (including, without limitation, a corporation that as a result of such transaction owns ACCO or all or
substantially all of ACCO’s assets either directly or through one or more subsidiaries) (“Newco”) immediately thereafter in substantially the same proportions as their ownership immediately prior to such corporate transaction, (2) no
person beneficially owns (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act, and the rules and regulations promulgated thereunder (as in effect on July 25, 2005)), directly or indirectly, 20% or more, of the combined Voting
Securities of Newco immediately after such corporate transaction except to the extent that such ownership of ACCO existed prior to such corporate transaction and (3) more than 50% of the members of the Board of Directors of Newco shall be Incumbent
Directors; or (D) the stockholders of ACCO approve a complete liquidation or dissolution of ACCO. 
  
 (iv) Notwithstanding the foregoing, none of Lane Industries, Inc., a Delaware corporation (“Lane”) or its Affiliates and
Associates shall be deemed to be a person triggering a “Change in Control” as that term is defined in Section 12(b)(iii)(A) hereof, unless Lane and its Affiliates and Associates are or become the beneficial owners (as that term is used in
Section 13(d) of the Exchange Act, and the rules and regulations promulgated thereunder, as in effect on July 25, 2005), of a percentage of the shares of Common Stock then outstanding equal to (A) the percentage they collectively own immediately
after the Merger, plus (B) 5%. 
  
 (v)
Notwithstanding the foregoing, a person shall not be deemed to be a person triggering a “Change in Control” as that term is defined in Section 12(b)(iii)(A) hereof solely by reason of the acquisition of shares of Common Stock from Lane as
part of the exercise of remedies under the Amended and Restated Pledge Agreement dated as of April 26, 2002, as amended, between Lane and Harris Trust and Savings Bank, as agent (the “Pledge Agreement”) following an Event of Default (as
such term is defined in the Pledge Agreement). 
  

 20 

 (vi) Notwithstanding the foregoing, neither Fortune nor any Affiliate or Associate of
Fortune shall be deemed to be a person triggering a “Change in Control” as that term is defined in Section 12(b)(iii)(A) hereof as a result of its ownership of capital stock of ACCO prior to the pro rata distribution of shares of Common
Stock by Fortune to its stockholders. 
  
 c.
Notwithstanding any other provision of the Plan, in the event that an Employee Participant’s employment or a Director Participant’s service is terminated on or after a Change in Control (as defined in Section 12(b)(iii)) (x) by the Company
other than for just cause (as defined in Section 12(b)(ii)) or (y) by a Participant because the Participant in good faith believes that as a result of such Change in Control he is unable effectively to discharge his duties or the duties of the
position he occupied immediately prior to such Change in Control or because of a diminution in his aggregate compensation or in his aggregate benefits below that in effect immediately prior to such Change in Control: 
  
 (i) with respect to shares of Restricted Stock then
outstanding, the Restriction Period with respect to such shares shall be deemed satisfied as of the date such Participant’s employment or service is so terminated, but only as to that portion of such shares as is equivalent to the portion of
the Restriction Period applicable thereto that has been satisfied as of such date without regard to this Section 12(c)(i) and, as of such date, the portion of such shares as to which the Restriction Period is deemed satisfied pursuant to this
Section 12(c)(i) shall become nonforfeitable and all other of such shares shall be forfeited; and 
  
 (ii) with respect to Performance Awards, Restricted Stock Units and Other Stock-Based Awards, including shares of Common Stock covered
thereby, unless otherwise provided in the Award or Director Award, all such Performance Awards, Restricted Stock Units and Other Stock-Based Awards shall become nonforfeitable and shall be paid out on the date such Participant’s employment is
so terminated (A) as if all Performance Periods or other conditions or restrictions applicable thereto had been completed or satisfied, the maximum performance or other objectives with respect thereto had been attained and all Awards and Director
Awards granted with respect thereto had been fully earned, but (B) prorated for the portion of any relevant Performance Period or other period ending on the date such Participant’s employment is so terminated. 
  
 d. In the case of an Employee Participant whose principal
employer is a Subsidiary, then such Employee Participant’s employment shall be deemed to be 

  

 21 

 
terminated for purposes of Sections 7 through 10 as of the date on which such principal employer ceases to be a Subsidiary (the “Divestiture Date”)
and, except to the extent otherwise determined by the Committee and set forth in the applicable Award: 
  
 (i) with respect to shares of Restricted Stock held by such Employee Participant, the Restriction Period shall be deemed satisfied as of
the Divestiture Date, but only as to that portion of such shares as is equivalent to the portion of the Restriction Period applicable thereto that has been satisfied as of the Divestiture Date without regard to this Section 12(d)(i); as of the
Divestiture Date, the portion of such shares as to which the Restriction Period is deemed satisfied pursuant to this Section 12(d)(i) shall become nonforfeitable and all other of such shares shall be forfeited; and 
  
 (ii) with respect to Performance Awards, Restricted Stock
Units and Other Stock-Based Awards, including shares of Common Stock covered thereby, all such Performance Awards, Restricted Stock Units and Other Stock-Based Awards shall become nonforfeitable and shall be paid out on the Divestiture Date (A) as
if all Performance Periods or other conditions or restrictions applicable thereto had been completed or satisfied, the maximum performance or other objectives with respect thereto had been attained and all Awards granted with respect thereto had
been fully earned, but (B) prorated for the portion of the relevant Performance Period or other period ending on the Divestiture Date, all as determined by the Committee. 
  
 In the event of a termination of the Plan, then each Participant’s employment or service shall be deemed to be
terminated for purposes of Sections 6 through 9 as of the date of such termination of the Plan and, except to the extent otherwise determined by the Committee (or, with respect to a Director Award, the Board of Directors) and set forth in the
applicable Award or Director Award, the foregoing provisions of clauses (i) and (ii) of this Section 12(d) shall apply to such Participant’s shares of Restricted Stock, Restricted Stock Units, Performance Awards and Other Stock-Based Awards
with the same effect as if the date of such termination of the Plan were a Divestiture Date. 
  

	13.	Detrimental Activity 

  
 If a Participant engaged in detrimental activity (as hereinafter defined) at any time (whether before or after termination of employment), any Award or
Director Award that has not been paid to such Participant prior to the date such activity has been determined by the Committee (or, with respect to a Non-Employee Director, the Board of 

  

 22 

 
Directors) to constitute detrimental activity shall be forfeited and shall never become payable. For purposes of this Section 13, “detrimental
activity” shall mean willful, reckless or grossly negligent activity that is determined by the Committee (or with respect to a Non-Employee Director, the Board of Directors), on a case-by-case basis, to be detrimental to or destructive of the
business or property of ACCO or any Subsidiary. Any such determination shall be conclusive and binding for the purposes of the Plan. Notwithstanding the foregoing, no Award or Director Award shall be forfeited or become not payable by virtue of this
Section 13 on or after the date of a Change in Control (as defined in Section 12(b)(iii)). 
  

	14.	Amendment and Termination 

  
 a. The Board of Directors shall have the power to amend the Plan, including the power to change the amount of the aggregate Fair Market
Value of the shares subject to Incentive Stock Options first exercisable in any calendar year under Section 6 to the extent provided in Section 422, or any successor provision, of the Code. It shall not, however, except as otherwise provided in the
Plan, without approval of the stockholders of ACCO, increase the maximum number of shares authorized for the Plan, nor change the class of eligible employees to other than Key Employees, nor change the class of eligible recipients of Director Awards
to other than Non-Employee Directors, nor reduce the basis upon which the minimum Option price is determined, nor amend Section 6(a)(vi), nor extend the period within which Awards or Director Awards under the Plan may be granted, nor provide for an
Option that is exercisable more than ten years from the date it is granted except in the event of death. It shall have no power to change the terms of any Award or Director Award theretofore granted under the Plan so as to impair the rights of a
Participant without the consent of the Participant whose rights would be affected by such change except to the extent, if any, provided in the Plan or in the Award or Director Awards. 
  
 b. The Board of Directors may suspend or terminate the Plan at any time. No such suspension or termination
shall affect Awards then in effect except as provided in Section 12(d). 
  

	15.	Foreign Options and Rights 

  
 a. The Committee or its delegate authorized pursuant to Section 3 (or, with respect to a Director Award, the Board of Directors) may grant
Awards to Key Employees or Director Options to Non-Employee Directors who are subject to the tax laws of nations other than the United States, which Awards may have terms and conditions that differ from the terms thereof as provided elsewhere in the
Plan for the purpose of complying with the foreign tax laws. Awards of 

  

 23 

 
Options may have terms and conditions that differ from Incentive Stock Options and Nonqualified Stock Options for the purposes of complying with the foreign
tax laws, provided that the Committee and not its delegate (or, with respect to a Director Award, the Board of Directors) shall determine the terms and conditions thereof. 
  
 b. The Committee or its delegate authorized pursuant to Section 3 (or, with respect to a Director Award, the
Board of Directors) may grant stock appreciation rights to Participants without the grant of an accompanying Option if the Participants are subject at the time of grant to the laws of a jurisdiction that prohibits them from owning Common Stock. The
Rights shall permit the Participants to receive, at the time of any exercise of such Rights, cash equal to the amount by which the fair market value of all shares of Common Stock in respect to which the Right was granted exceeds the exercise price
thereof. 
  
 c. The terms and conditions of
Options and Rights granted under Sections 15(a) and 15(b) may differ from the terms and conditions which the Plan would require to be imposed upon Incentive Stock Options, Nonqualified Stock Options and Rights if the Committee (or, with respect to a
Director Award, the Board of Directors) determines that the grants are desirable to promote the purposes of the Plan for the Key Employees or Non-Employee Directors identified in Sections 15(a) and 15(b); provided that the Committee may not grant
such Options or Rights that do not comply with the limitations of Section 14(a). 
  

	16.	Taxes 

  
 ACCO shall have the right to deduct from any cash payment made under the Plan any federal, state or local income or other taxes required by law to be
withheld with respect to such payment. It shall be a condition to the obligation of ACCO to deliver shares upon the exercise of an Option or Right, upon payment of a Performance Award, upon delivery of Restricted Stock or upon exercise, settlement
or payment of Restricted Stock Units or any Other Stock-Based Award that the Participant pay to ACCO such amount as may be requested by ACCO for the purpose of satisfying any liability for such withholding taxes. Any Award or Director Award
Agreement or agreement between ACCO and a Participant that sets forth the terms, conditions and limitations applicable to an Award or Director Award, may provide that the Participant may elect, in accordance with any conditions set forth in such
Award or Director Award, to pay any withholding taxes in shares of Common Stock. 
  

 24 

	17.	Effective Date 

  
 The Plan shall be effective on and as of July 25, 2005 upon the approval thereof by the majority stockholder of ACCO and the Compensation and Stock Option
Committee of ACCO’s majority stockholder. 
  

 25

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