Document:

Form of Termination Protection Agreement

 Exhibit 10.17 
 APPLETON PAPERS INC. 
 TERMINATION PROTECTION AGREEMENT 
 AGREEMENT dated as of
                        , between Appleton Papers Inc. (the “Corporation”) and
                                 (the “Executive”). Unless otherwise
indicated, terms used herein and defined in Schedule A shall have the meanings assigned to them in Schedule A. 
 WHEREAS, the
Corporation desires to continue to attract and retain skilled and dedicated management employees, by providing post-employment benefits in the event of certain terminations of employment; and 
 WHEREAS, the Corporation has employed the Executive in the capacity of
                                        
                             at Appleton, Wisconsin upon the terms and conditions currently reflected in
Executive’s personnel file or in various minutes of the Board of Directors; and 
 WHEREAS, Executive has specific duties and
unique talents which are of benefit to the Corporation; 
 NOW, THEREFORE, it is agreed as follows: 
  

	1.	Term of Agreement. 

 This Agreement shall become
effective as of                      (the “Effective Date”) and shall remain in effect from time to time thereafter. The Corporation
may terminate this Agreement by giving the Executive at least eighteen (18) months advance written notice of termination of the Agreement. Notwithstanding the foregoing, this Agreement shall, if in effect on the date of a Change of Control,
remain in effect for at least two (2) years following such Change of Control. 
  

	2.	Notice of Termination of Employment. 

 The Executive
agrees to give the Corporation at least two (2) months’ written advance notice of Executive’s voluntary termination of employment, other than for Good Reason, if such termination occurs prior to a Change of Control. 
  

	3.	Benefits Payable Upon Termination of Employment. 

  

	(a)	General Rule. In the event that, at any time other than within two (2) years after a Change of Control, the Corporation terminates the employment of the Executive with the
Corporation other than for misconduct or Permanent Disability, or the Executive terminates employment for Good Reason, the Executive shall receive from the Corporation, provided the Executive executes the release described in Paragraph 3(d) below:

  

 Page 1 of 9 

	 	(i)	an annual amount, equal to the Executive’s Base Salary, payable for each of the eighteen (18) months following termination of employment in equal installments at the times
set forth in the Corporation’s payroll policy, as in effect at the time of payment; 

  

	 	(ii)	reimbursement of reasonable expenses incurred by the Executive for professional outplacement services by qualified consultants after termination of employment; and

  

	 	(iii)	until the earlier of (A) eighteen (18) months following the date of termination of employment; or (B) the date on which the Executive is employed by a new employer,
medical and dental benefits at the level provided immediately prior to the termination of employment date. Any statutory rights of the Executive to continued health coverage shall be governed by the Executive’s actual date of termination and
not by the expiration of the salary continuation period. 

  

	(b)	Termination Within Two (2) Years After a Change of Control. In the event that within two (2) years after a Change of Control, the Corporation terminates the
employment of the Executive, other than for misconduct or Permanent Disability, or the Executive terminates employment for Good Reason, the Executive shall receive from the Corporation, within two (2) business days after such termination:

  

	 	(i)	an amount in cash equal to the product of two (2), multiplied by the sum of the Executive’s Base Salary and Target Bonus; 

  

	 	(ii)	an amount in cash equal to the product of (A) Executive’s Target Bonus and (B) a fraction, the numerator of which is the number of days in the Corporation’s
fiscal year that occurred prior to the Executive’s termination of employment and the denominator of which is 365 representing a partial bonus for the year of termination, less any partial bonus related to the same fiscal year previously paid to
the Executive; 

  

	 	(iii)	if the bonus amounts for the Corporation’s fiscal year ending prior to the Executive’s termination date have not, prior to such termination, been paid to Corporation
executives generally, an amount in cash equal to the unpaid bonuses under the Corporation’s annual executive bonus program, based on actual Corporation performance during such fiscal year; 

  

	 	(iv)	reimbursement of reasonable expenses incurred by the Executive for professional outplacement services by qualified consultants after termination of employment; and

  

	 	(v)	 until the earlier of twenty-four (24) months following the date of termination of employment or the date on which the Executive is employed by a new employer,
medical and dental benefits at the level provided immediately prior to the Change of Control. After Executive is employed by a new employer these benefits shall remain 

  

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in effect for the term established above, but shall become secondary to any such benefits offered by the new employer (i.e. they will be offset by such new
employer’s benefits). 
  

	(c)	Termination for Misconduct. 

 Nothing in this
Agreement shall be construed to prevent the Corporation from terminating Executive’s employment under this Agreement for misconduct. Such termination shall relieve the Corporation of its obligation to make any other payments under this
Agreement, except those that may be otherwise payable under then existing employee benefit plans, programs and arrangements of the Corporation. 
  

	(d)	Release of Claims. 

 To be eligible for and receive
the benefits described in subparagraphs (a) or (b) of this Paragraph 3, Executive must, at the time of termination of employment, irrevocably execute a Release form prescribed by the Corporation, file it with the person, and within the
time period, the Corporation prescribes, and the Release must be enforceable in all respects. The purpose of the Release is to release the Corporation from all claims and liability arising out of the employment relationship with the Corporation,
including without limitation, claims arising under the Age Discrimination in Employment Act (“ADEA”), Title VII of the Civil Rights Act of 1964, and all other federal, state, local or other laws, regulations or rules, whether arising from
statute or the common law, or in law or equity. The Release shall be in a form that complies with regulations promulgated by the Equal Employment Opportunity Commission (“EEOC”). 
  

	4.	Mitigation; Non-Compete. 

  

	(a)	If the Executive’s termination of employment occurs at any time other than within two (2) years after a Change of Control: 

  

	 	(i)	the amount of the payments under Paragraph 3(a)(i) will be reduced by the amount of any gross compensation the Executive is entitled to receive, whether or not deferred, during the
eighteen (18) month period following the termination, from any other source of employment, which term, for purposes of this Agreement, includes self-employment. Provided the Executive is not in violation of the requirements of Paragraph 5 or
this Paragraph 4, the reduction described in the preceding sentence will not apply during the twelve (12) month period beginning on the day following the Executive’s termination of employment hereunder. As a condition to receiving the
payments under Paragraph 3(a)(i), the Corporation may require certification of the Executive’s employment status and the Corporation may require, in the event of the Executive’s other employment, proof, in a form acceptable to the
Corporation, of the Executive’s rate of gross compensation from the Executive’s new employer. 

  

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	 	(ii)	the Corporation’s obligation to make payments under Paragraph 3(a) shall cease completely and immediately if, without its prior written consent, at any time before all such
payments have been made as scheduled, the Executive shall directly or indirectly (whether as a shareholder, owner, partner, consultant, employee, or otherwise), engage in any of the “major businesses” in which the Corporation or its
subsidiaries are engaged. A “major business” for this purpose is any business segment of the Corporation (e.g. carbonless copy paper, thermal paper, or other business segments) on the date of termination of employment that produced in the
last fiscal year of the Corporation which ended before the termination occurred, or is projected to produce in the fiscal year in which the termination occurs or in either of the two succeeding fiscal years after the date of termination, more than
5% of the revenues of the Corporation. For this purpose, the Executive shall be deemed not a shareholder of a company that would otherwise be a competing entity if the Executive’s record and beneficial ownership of the capital stock of such
company amount to not more than one (1) percent of the outstanding capital stock of any such company subject to the periodic and other reporting requirements of Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as
amended. 

  

	(b)	If the Executive’s termination of employment occurs within two (2) years after a Change of Control, the Executive shall not be required to mitigate damages or the amount
of any payment hereunder by seeking employment or otherwise, nor will any payments hereunder be subject to offset or reduction in respect of any claims which the Corporation may have against the Executive. 

  

	5.	Trade Secrets. 

 Executive recognizes and
acknowledges that the list of the Corporation’s customers, as well as other confidential information, as it may exist from time to time, is a valuable, special, and unique asset of the Corporation’s business. The Executive will not, during
or after the term of Executive’s employment, disclose any such information or any part thereof to any person, firm, corporation, association, or other entity for any reason or purpose whatsoever. In the event of a breach or threatened breach by
the Executive of the provisions of this Paragraph 5, the Corporation shall be entitled to an injunction restraining the Executive from disclosing, in whole or in part, this information. The provisions of this Paragraph 5 are in supplement to, and
not in derogation of, any prior agreements between the Executive and the Corporation concerning rights to inventions and/or confidential information. The Corporation will be free to pursue any other remedies as it may in its discretion deem to be
appropriate under the circumstances. 
  

	6.	Effect on Pension, Severance and Other Benefits. 

 Benefits payable under Paragraph 3 hereof shall not be counted towards any pension benefits to which Executive may otherwise be entitled; these benefits are also in lieu of, and not in addition to, any severance or similar benefits to which
the Executive may otherwise be 

  

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entitled under the terms of any policy, plan or program of the Corporation. Unless expressly otherwise stated, this Agreement is not intended to deprive and
does not have the effect of depriving Executive of any benefits to which the Executive may be entitled under employee benefit, disability, insurance, deferred compensation or similar plans or programs of the Corporation. 
  

	7.	Change of Control Tax Provisions. 

 If any payments
or benefits provided to Executive under this Agreement (the “Payments”) will be subject to the tax imposed by Section 4999 of the Code (the “Excise Tax”), the Corporation shall pay to Executive, at the time the Payments are
paid to Executive, an additional amount (the “Gross-Up Payment”) such that the net amount retained by Executive, after deduction of any Excise Tax on the Payments and any federal, state and local income tax and Excise Tax on the Gross-Up
Payment itself, shall be equal to the Payments. 
 For purposes of determining whether any of the Payments will be subject to the Excise Tax
and the amount of such Excise Tax, (i) any other payments or benefits received by Executive in connection with a Change of Control or Executive’s termination of employment shall be treated as “parachute payments” within the
meaning of section 280G(b)(2) of the Code, and all “excess parachute payments” within the meaning of section 280G(b)(1) shall be treated as subject to the Excise Tax, unless in the opinion of tax counsel selected by the Corporation’s
independent auditors and acceptable to Executive such other payments or benefits (in whole or in part) do not constitute parachute payments, or such excess parachute payments (in whole or in part) represent reasonable compensation for services
actually rendered within the meaning of Section 280G(b)(4) of the Code, (ii) the amount of the Payments which shall be treated as subject to the Excise Tax shall be equal to the lesser of (A) the total amount of the Payments or
(B) the amount of excess parachute payments within the meaning of Sections 280G(b)(1) and (4) (after applying clause (i) above, and after deducting any excess parachute payments in respect of which payments have been made), and
(iii) the value of any non-cash benefits or any deferred payment or benefit shall be determined by the Corporation’s independent auditors in accordance with the principles of Sections 280G(d)(3) and (4) of the Code. For purposes of
determining the amount of the Gross-Up Payment, Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation in the calendar year in which the Gross-Up Payment is to be made and state and local income
taxes at the highest marginal rates of taxation in the state and locality of Executive’s residence on the date of Executive’s termination of employment, net of the maximum reduction in federal income taxes which could be obtained from
deduction of such state and local taxes. 
 If the Excise Tax is subsequently determined to be less than the amount taken into account
hereunder, Executive shall repay to the Corporation, at the time that the amount of such reduction in Excise Tax is finally determined, the portion of the Gross-Up Payment attributable to such reduction. If the Excise Tax is determined to exceed the
amount taken in account hereunder (including by reason of any payment the existence or amount of which 

  

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cannot be determined at the time of the Gross-Up Payment), the Corporation shall make an additional gross-up payment in respect of such excess to Executive
(plus any interest payable with respect to such excess) at the time that the amount of such excess is finally determined. 
  

	8.	Assignment. 

 This Agreement shall be binding upon,
inure to the benefit of and be enforceable by the Corporation and the Executive and their respective heirs, legal representatives, successors and assigns. If the Corporation shall be merged into or consolidated with another entity, the provisions of
this Agreement shall be binding upon and inure to the benefit of the entity surviving such merger or resulting from such consolidation. The Corporation will require any successor (whether direct or indirect, by purchase, merger, consolidation or
otherwise) to all or substantially all of the business or assets of the Corporation, by agreement in form and substance satisfactory to the Executive, to expressly assume and agree to perform this Agreement in the same manner and to the same extent
that the Corporation would be required to perform it if no such success had taken place. The provisions of this Paragraph 7 shall continue to apply to each subsequent employer of the Executive hereunder in the event of any subsequent merger,
consolidation or transfer of assets of such subsequent employer. 
  

	9.	Separability Clause. 

 Any provision of this
Agreement which is held to be unenforceable or invalid in any respect in any jurisdiction shall be ineffective in such jurisdiction to the extent that it is unenforceable or invalid without affecting the remaining provisions hereof, which shall
continue in full force and effect. The unenforceability or invalidity of a provision of this Agreement in one jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
  

	10.	Withholding. 

 Notwithstanding the provisions of
Paragraph 4(b) hereof, the Corporation may, to the extent required by law, withhold applicable federal, state and local income and other taxes from any payments due to the Executive hereunder. 
  

	11.	Applicable Law. 

 This Agreement shall be governed
by and construed in accordance with the laws of the State of Wisconsin applicable to contracts made and to be performed therein. 
  

 Page 6 of 9 

	12.	Entire Agreement. 

 This instrument contains the
entire agreement of the parties, and supersedes any earlier agreement between them, relative to the matters described herein. It may not be changed orally but only by an agreement in writing signed by the party against whom enforcement of any
waiver, change, modification, extension, or discharge is sought. 
 IN WITNESS WHEREOF, the parties have executed this Agreement, dated as of
                        . 
  

			
	 APPLETON PAPERS INC.

		
	 By:
	 	  

	
	 EXECUTIVE

		
	 By:
	 	  

  

 Page 7 of 9 

 Schedule A 
 CERTAIN DEFINITIONS 
 As used in this Agreement, and unless the context requires a different meaning,
the following terms have the meaning indicated: 
 “Base Salary” means the Executive’s annual rate of base salary in effect on the date
on which the Executive’s employment terminates, determined before any deductions for salary deferrals under a non-qualified deferred compensation plan, or Internal Revenue Code Sections 125 or 402(g). 
 “Change of Control” means a change in ownership or effective control of the Corporation, or in the ownership of a substantial portion of the assets of
the Corporation, as defined by the occurrence of any one of the following events: 
  

	(a)	the date upon which any one person (or persons acting as a group) acquires ownership of Corporation stock constituting more than 50% of the total fair market value or total voting
power of the stock of the Corporation; 

  

	(b)	the date upon which any one person (or persons acting as a group) acquires (during a 12-month period ending on the date of the most recent acquisition) ownership of Corporation
stock constituting more than 35% of the total voting power of the stock of the Corporation; 

  

	(c)	the date upon which a majority of the Board of Directors are replaced during a 12-month period, and the new appointments are not endorsed by a majority of the Board prior to the
date of appointment; or 

  

	(d)	the date upon which any one person (or persons acting as a group) acquires (during a 12-month period ending on the date of the most recent acquisition) assets of the Corporation
having a gross fair market value of at least 40% of the total gross fair market value of all assets of the Corporation immediately prior to such acquisition. 

 The Compensation Committee of the Board of Directors shall certify the occurrence of a Change of Control event, provided that the occurrence of such event shall be objectively determinable and the certification
decision must be ministerial in nature and not involve any discretionary authority. The definition of Change of Control shall in all events be subject to, and interpreted in a manner consistent with, IRS Notice 2005-1 (and any subsequent applicable
guidance). 
 “Good Reason” means: 
  

	(a)	prior to a Change of Control, without the Executive’s express written consent, a reduction of 25% or more of the Executive’s base annual salary; and

  

	(b)	after a Change of Control, 

  

 Page 8 of 9 

	 	(1)	without the Executive’s express written consent, 

  

					
	i.	    	A.  	    	a decrease in the Executive’s positions, duties, responsibilities or status from those in effect immediately prior to the Change of Control; or

  

	 	B.	any removal of the Executive from, or failure to re-elect the Executive to, any of the Executive’s positions immediately prior to the Effective Date, except in connection with
the termination of the employment of the Executive for misconduct, as a result of the death or Permanent Disability of the Executive, or a transfer of the Executive to a comparable position, with no decrease in salary and that does not require
relocation, and 

  

	 	ii.	the continuance thereof for a period of twenty (20) days after written notice thereof from the Executive; 

  

	 	(2)	any failure to pay Executive’s base annual salary, or any reduction of the Executive’s base annual salary or the Executive’s Target Bonus in effect immediately prior
to the Change of Control; 

  

	 	(3)	without the Executive’s express written consent, the relocation of the principal place of the Executive’s employment; and 

  

	 	(4)	any breach of Paragraph 4 (relating to non-compete obligations) and Paragraph 5 (relating to Trade Secrets). 

 “Notice of Disability Termination” means written notice which sets forth in reasonable detail the facts and circumstances claimed to provide a basis for
termination of the Executive’s employment for reason of Permanent Disability. 
 “Permanent Disability” means that Executive would be
entitled to receive benefits under Title II of the Social Security Act, as amended; provided, however, that any termination of the Executive on account of the Executive’s Permanent Disability shall be communicated by and shall not be effective
without a Notice of Disability Termination. 
 “Target Bonus” means that percentage of Base Salary payable for “target
performance” under the Corporation’s annual executive bonus program for the Corporation’s fiscal year in which the Executive’s employment terminates or, if no such percentage has been established, the year prior to such
termination. 
  

 Page 9 of 9Amendment of Memorandum of Agreement Year 2006

 Exhibit 10.20.1 
 Confidential Treatment Requested by Appleton Papers Inc. 
 

 
 AMENDMENT OF 
 MEMORANDUM OF AGREEMENT 
 YEAR 2006  
 BASESTOCK SUPPLY AGREEMENT (effective as of June 27, 2001) 
 For valuable consideration, the above-referenced agreement (herein “Agreement”) shall be and it is hereby amended as follows: 
  

	1.	Section 1., VOLUME/MIX, is amended so as to provide, in its entirety, as follows: 

 “Except as hereinafter provided, Buyer shall be obligated to purchase from Seller, and Seller shall be obligated to sell to Buyer, 60,000 tons (2,000
lbs/ton), total, of the grades listed in Schedule I of this Amendment, in Agreement Year 2006. The volumes set forth above are hereinafter referred to as the “Annual Volume.” 
 “Except as hereinafter provided or from time-to-time agreed by the parties, Buyer will purchase and Seller will make available the Annual Volume
utilizing a level load pattern of equal monthly volumes. Adjustments for scheduled “Holiday Downs” will be planned and agreed to in advance. Buyer shall have the ability to adjust, on a calendar quarter-by-quarter basis, the then
applicable Annual Volume by plus or minus ten percent (10%), provided that Buyer shall have given Seller notice, of its intention to so adjust said volumes, at least 90 days prior to the beginning of each calendar quarter in question. Seller will
provide any additional tonnage at the same terms as stated in this agreement. Said adjustments, if any, shall not be cumulative, i.e. the amount of quarterly adjustment, in Agreement Year 2006, shall not exceed plus or minus 1,500 tons in any
calendar quarter. If buyer does elect to alter volumes by plus or minus ten percent (10%) in any given quarter, Annual volume requirements under this Agreement shall be adjusted accordingly. 
 “In addition to the purchases referred to above, Buyer agrees to purchase product (on or before January 1, 2007), per section 7 below,
required to bring the consignment inventory to 10% of the Annual Volume applicable to the 2007 Agreement Year. Any year-end purchases made by Buyer to adjust the consignment inventory shall be in addition to the Buyer’s Annual Volume
commitment. 
 “Buyer and Seller shall meet on or before July 1, 2006 and review options for Agreement volume and price in 2007.
Volume target range is expected to be between 50,000 and 60,000 tons for the year 2007 based upon current market conditions,” 

	*	The redacted portion of this document has been omitted pursuant to a request for confidential treatment and such redacted portion has been filed separately with the
Securities and Exchange Commission. 

 Confidential Treatment Requested by Appleton Papers Inc. 
  

	2.	Section 3., Grade Mix, is amended by deleting the last sentence and substituting the following sentence: 

 “All grades represented in Schedule 1 of this Amendment are considered qualified grades for purposes of meeting the Annual Volume requirements under
this Agreement.” 
  

	3.	Section 4., Payment Terms, is amended so as to read, in its entirety, as follows: 

 Terms are two percent (2%) discount if paid via electronic fund transfer to Seller’s financial institution (if capable), within the time periods
specified in Schedule 3 to this Agreement; otherwise, the discount shall be one percent (1%) if paid within 20 days from date of invoice. Except as provided in Section 7 hereof, title shall be deemed transferred at time of shipment or, as
the case may be, release from the “consignment” inventory. 
  

	4.	Section 6., TERM, is amended by deleting the first sentence and substituting the following two sentences therefor: 

 “This Agreement is effective as of January 2, 2006 and is modified for one fiscal year beyond the current Amendment, thereby ending on
January 2, 2007. As utilized herein, the term “Agreement Year” refers to a fiscal year ending on the Saturday that is closest to December 31 in the year in question.” 
  

	5.	Section 7., SERVICE, is amended so as to provide in its entirety as follows: 

 “Seller agrees to maintain a consignment inventory of product. Seller will maintain as Seller’s inventory, a maximum of 5,500 tons in Agreement Year 2006. Seller will maintain an additional 500 tons of
in-transit inventory if required to support Buyers’ Purchase Order due dates. Seller agrees to utilize Buyer’s leased warehouse space on Warehouse Road or other mutually agreed upon site within the Fox Valley for storage of the consignment
inventory. Seller also agrees to be responsible for the monthly warehouse rental charges for the space utilized to manage this consignment inventory at a cost not to exceed Buyer’s leased space rate. Notwithstanding any other provision herein,
Product within this inventory will be purchased by and title transferred to Buyer, either when withdrawn from said inventory, or, if not withdrawn, upon reaching 90 days in the consignment inventory.” 
  

	6.	Section 8., ORDER MINIMUMS, is amended so as to provide, in its entirety, as follows: 

 “Order minimums and run frequencies shall be as specified in Schedule 1 to this Agreement.” 
  

 2 

 Confidential Treatment Requested by Appleton Papers Inc. 
  

	7.	Section 9., TRIM, is amended so as to provide, in its entirety, as follows: 

 “All trim charges are established by grade for all grades listed on Schedule 2 of this Agreement. Buyer, at time of order, will calculate all applicable trim charges and will adjust its Purchase Order for said
adjustment per the charges in Schedule 2 of this Agreement. 
  

	8.	Section 10., PRICING, is amended so as to provide, in its entirety, as follows: 

 “Pricing is per Schedule 1, for Agreement Year 2006. 
  

	9.	Section 11., CONTINUOUS COST REDUCTION, is amended so as to provide, in its entirety, as follows: 

 “Buyer and Seller shall each appoint representatives to serve on a “process improvement team” that will be directed to make and implement
recommendations for the improvement of 31.1# Thermal Base paper to be manufactured and supplied by Seller hereunder. The team shall, among other things, engage in the “Kempner Tregoe (“KT”) problem solving process,” and be
assisted by an objective leader qualified in KT principles and techniques. Schedule 4 hereto sets forth guidelines for administering the bonus/penalty for 31.1# Thermal Base paper performance.” 
  

	10.	Section 12., QUALITY, is amended by changing the first sentence thereof so as to provide as follows: 

 “All products shall meet or exceed the quality specifications as described in Buyer’s basestock specification (including basestock finishing
specifications) in effect on January 24, 2003 or thereafter adopted by mutual agreement of the parties.” 
  

	11.	Section 13., INTERFACES, is changed so as to provide, in its entirety, as follows: 

 “Issues related to pricing, terms, service issues and other matters arising hereunder shall be coordinated by Buyer’s - HQ Procurement
Specialist (currently Ed Hammond) and Seller’s Senior Vice President of Customer and Business Services (currently Dan Regal) or his or her designee.” 
  

	12.	Section 17., EXECUTION, is deleted in its entirety; however, deletion of said section shall not result in or require the renumbering of the remaining sections of the
Agreement. 

  

	13.	A new Section, identified as “Section 31, Business Review,” is added, said new Section, to provide, in its entirety, as follows: 

 “Buyer and Seller agree to conduct a Strategic Business Review annually during the first calendar quarter of each year of this Agreement.”

  

 3 

 Confidential Treatment Requested by Appleton Papers Inc. 
  

	14.	Schedules, Prior Amendments, and Implied Terms. Schedules I through 4 and 7 to the Agreement shall be and they are hereby cancelled and annulled for all purposes. The
Schedules annexed to this Addendum, and identified as “Schedule 1,” “Schedule 2,” “Schedule 3,” and “Schedule 4, Performance Improvement for 31.1 Fax,” shall be and they are hereby incorporated herein by
reference. Schedules 5 and 6 to the Agreement remain in full force and effect. References, in the Agreement, to Schedule 2 are hereby deemed amended so as to refer instead to annexed Schedule 1. All prior amendments to the Agreement, including all
schedules to such amendments, shall be and they are hereby cancelled and annulled for all purposes. Sections of the Agreement that are not referenced in this Amendment shall be deemed amended, by implication, in order to give effect to the intention
of the parties as set forth in this Amendment. 

 Except as otherwise provided herein, all terms and conditions of the Agreement shall be and
remain in full force and effect. 
 This Agreement is executed by the parties on October 14, 2005. 
  

					
		 	APPLETON PAPERS INC.	  	APPLETON COATED LLC
			
	 SIGNATURE:
	 	 /s/ John Depies
	  	 /s/ Dan Regal

	 TITLE:
	 	 Vice President and General Manager,
 Thermal
Products
	  	 Senior Vice President,
 Customer & Business
Service

	 DATE:
	 	October 14, 2005	  	October 14, 2005

  

 4 

 Confidential Treatment Requested by Appleton Papers Inc. 
 SCHEDULE 1 
 2006 Pricing/Making Master Breakout 
 ALL PRICES LISTED ARE PER HUNDRED WEIGHT PRICING 
 ALL GRADES REQUIRE 24
HOUR MINIMUM RUN LENGTH UNLESS MUTUALLY AGREED TO BETWEEN AC AND API 
 ALL PRICES INCLUDE FREIGHT TO DESTINATION IN THE FOX VALLEY 
  

													
	 Grade Description:
	  	#6 PM
MM#	 	 	#7 PM
MM#	  	2006
Pricing	 	 	Effective
Date	  	 
	 Primary Gradeline For 2006
	  			 		  			 		  	
	 46.5# Wh OBA Ctg Base
	  	—  	 	 	8018	  	[	 	 	1/1/2002	  	
	 28.0# Wh Hi-Strength Base
	  	—  	 	 	8020	  			 	1/1/2001	  	
	 61.1# White OBA Base
	  	—  	 	 	8089	  			 	1/1/2002	  	
	 37.8# Wh Integra Ctg Base
	  	8119	 	 	8395	  			 	1/1/2002	  	
	 26.25# WH Hi-Strength
	  	—  	 	 	8452	  			 	1/1/2001	  	
	 43.3# Dull Label Base
	  	—  	 	 	8457	  			 	1/1/2002	  	
	 31.1# WH THRML Fax
	  	—  	 	 	8081	  			 	1/1/2006	  	
	 43.3# WH LBL Base
	  	8530	*	 	8907	  			 	1/1/2002	  	
	 50.8# WH NO OBA (DULL)
	  	9980	 	 	9115	  			 	1/1/2006	  	
	 31.1# WH THRML FAX (CFS Back)
	  	8484	 	 	9750	  			 	1/1/2006	  	
	 30.20# PK PRCT
	  	8390	 	 	8264	  			 	1/1/2006	  	
	 30.2# CN PRCT
	  	8396	 	 	8248	  			 	1/1/2006	  	
	 26.2 Canary ST
	  	8025	 	 	8075	  			 	1/1/2002	  	
	 60.6# WH NO OBA (DULL)
	  			 	9774	  			 	6/1/2005	  	Replaces 61.1# Dull
						
	 Secondary Gradeline For 2006
	  			 		  			 		  	
	 26.8# Pink Superior
	  	8296	 	 	9078	  			 	1/1/2002	  	
	 26.8# Canary Superior Base
	  	8276	 	 	9531	  			 	1/1/2001	  	
	 26.8# White for Sprint CFB Base
	  	8265	 	 	8371	  			 	1/1/2001	  	
	 27.1# Pink Premimum Base
	  	8103	 	 	9077	  			 	1/1/2001	  	
	 30.2# White For Precoat
	  	8392	 	 	8245	  	]	*	 	1/1/2002	  	

	*	Grade not currently qualified on PM6. 

	*	The redacted portion of this document has been omitted pursuant to a request for confidential treatment and such redacted portion has been filed separately with the Securities and
Exchange Commission. 

 Confidential Treatment Requested by Appleton Papers Inc. 
 

 
 Appleton Ideas Basestock Trim Upcharge Guidelines 
 SCHEDULE 2 
  

																																	
	 MM
	  	 Mach.
	  	 BW
	 	 Description
	 	 2006
	 	 2006
	  	 2006
	 	 2006
 Trim Adjusted Pricing

	  	  	 	 	 Average
Trim
Standard
	 	 $/Ton/
Inch Trim
Penalty
	  	 Base
Price
	 
	  	  	 	 	 	  	 	 0”-1”
	 	 1”-2”
	 	 2”-3”
	 	 3”-4”
	 	 4”-5”
	 	 5”-6”
	 	 6”-7”
	 	 7”-8”
	 	 8”-9”
	 	 9”-10”

	 8025
	  	7	  	26.2	 	CAN ST Base	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8075
	  	6	  	26.2	 	CAN ST Base	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8452
	  	7	  	26.25	 	WH Hbt Nonoba Histgth	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8020
	  	7	  	28	 	WH SCCB Base	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8248
	  	7	  	30.2	 	CAN Precoat Premium	 		 		  		 		 		 		 		 		 		 		 		 		 	]*
	 8386
	  	6	  	30.2	 	CAN Precoat Premium	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8395
	  	7	  	37.8	 	WH Integra Base	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8119
	  	6	  	37.8	 	WH Integra Base	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8264
	  	7	  	30.2	 	PK Precoat Premium	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8390
	  	6	  	30.2	 	PK Precoat Premium	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8296
	  	6	  	26.8	 	Pink	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8276
	  	6	  	26.8	 	Canary	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8371
	  	7	  	26.8	 	White	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 9078
	  	7	  	26.8	 	Pink Histgth	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8265
	  	6	  	26.8	 	Wh For Sprint	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8245
	  	7	  	30.2	 	Wh Precoat	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 9115
	  	7	  	50.8	 	White Dull	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 9980
	  	6	  	50.8	 	White Dull	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8081
	  	7	  	31.1	 	WH Thermal Fax Base	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8457
	  	7	  	43.3	 	Dull Label Base	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8907
	  	7	  	43.3	 	WH Label Base OBA	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8018
	  	7	  	46.5	 	WH Ctg Base OBA	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 8089
	  	7	  	61.1	 	WH Base OBA	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 9750
	  	7	  	31.1	 	New Back Coat (CFS Ctg)	 		 		  		 		 		 		 		 		 		 		 		 		 	
	 9774
	  	7	  	60.0	 	White Dull	 		 		  		 		 		 		 		 		 		 		 		 		 	

	*	The redacted portion of this document has been omitted pursuant to a request for confidential treatment and such redacted portion has been filed separately with the
Securities and Exchange Commission. 

 Confidential Treatment Requested by Appleton Papers Inc. 
 SCHEDULE 3 
 PAYMENT TERMS 
  

													
	 ACTUAL
USAGE
DATE
	  	AC
INVOICE
DATE	  	API
VOUCHER
DATE	  	AC
DUE
DATE	  	API
EFT
DATE	  	AC
RECEIPT
OF CASH	  	BUSINESS DAYS
	 MON
	  	MON	  	TUE	  	FRI	  	FRI	  	MON	  	5
	 TUE
	  	TUE	  	WED	  	MON	  	FRI	  	MON	  	4
	 WED
	  	WED	  	THU	  	TUE	  	FRI	  	MON	  	3
	 THU
	  	THU	  	FRI	  	WED	  	TUE	  	WED	  	4
	 FR/SAT/SU
	  	SUN	  	MON	  	THU	  	TUE	  	WED	  	3

 Confidential Treatment Requested by Appleton Papers Inc. 
 SCHEDULE 4 
  

															
	BASESTOCK RUNNABILITY	 		  		  	
	 CONTINUOUS COST IMPROVEMENT
	 		  	YEAR:	  	2006
	 CONTRACT PROPOSAL
	 		  	SUPPLIER:	  	Appleton Coated
		 	 [
	 		 		 		 		  	GRADE:	  	[    ]*
		 		 		 		 		 		  	COATERS:	  	[            ]*
		 		 		 	 ]*
	 		 		  	BPH:	  	

  

																
	 	  	BREAKS PER
HUNDRED	  	NO. OF
ROLLS	  	 TOTAL
 BREAKS
	  	 COST PER
 BREAK
	  	TOTAL
COST	  	 ANNUAL
 SAVINGS/LOSS
	  	 ANNUAL
 BONUS /
 PENALTY
	 
								
	 [
	  		  		  		  		  		  		  		
								
		  		  		  		  		  		  		  		
		  		  		  		  		  		  		  		
		  		  		  		  		  		  		  	]	*

                                        
                                        
                                 ACTUAL
                                        
        TARGET 
                                 SAVINGS / LOSS FORMULA = ((# ROLLS/100 X BPH) X
$/BREAK) – ((#ROLLS/100 X BPH) X $/BREAK) 

	*	The redacted portion of this document has been omitted pursuant to a request for confidential treatment and such redacted portion has been filed separately with the
Securities and Exchange Commission.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}]]