Document:

Carbonless Paper Agreement dated 7/13/04

 Exhibit 10.11 
  
 Agreement Between 
 MeadWestvaco Paper Group and 
 Ennis, Inc. 
  
 This Supply Agreement is made and entered into between Ennis, Inc., headquartered in Midlothian, Texas, its subsidiaries and affiliates
(referred to herein as “Ennis, Inc.”) and MeadWestvaco Corporation, a Delaware corporation, headquartered in Stamford, Connecticut (referred to herein as “MeadWestvaco”). This agreement is with respect to the purchase and supply
of carbonless paper within the United States of America, and supersedes any and all prior agreements between Ennis, Inc. and MeadWestvaco. 
  

	I.	Purchase and Supply Commitment 

  

	 	A.	During the term of this Agreement, MeadWestvaco shall supply to Ennis, Inc. and Ennis, Inc. shall purchase from MeadWestvaco, one hundred percent of the requirements of Ennis, Inc.
for carbonless copy paper for use by Ennis, Inc. in Manufacturing business forms (“Carbonless Paper”) provided that MeadWestvaco may decline to sell Carbonless Paper that is not a standard MeadWestvaco grade or weight and further provided
that if a customer of Ennis, Inc. refuses to accept forms printed on MeadWestvaco Carbonless Paper after MeadWestvaco has been afforded a reasonable opportunity to persuade such customer to use MeadWestvaco Carbonless Paper, Ennis, Inc. will be
excused from purchasing MeadWestvaco Carbonless Paper for the production of such customer’s forms. 

  

	 	B.	Should Ennis, Inc. sell or transfer ownership in all or substantial portions of its assets, Ennis, Inc. agrees to stipulate the buyer assumes the obligations of this Agreement. If
MeadWestvaco sells the Carbonless Business Unit, MeadWestvaco agrees to stipulate that the buyer assumes the obligations of this Agreement. 

  

	II.	Agreement Period 

  

	 	A.	This Agreement becomes effective immediately upon signing and remains in effect until 

  
 CONFIDENTIAL TREATMENT 
 *****[Deleted pursuant to a request for Confidential Treatment to be filed 
 separately with the Securities and Exchange Commission].

  

	 	B.	Thereafter, this Agreement shall be automatically renewed for consecutive one year periods. Sixty days before the expiration of the Agreement and all subsequent one year extensions,
Ennis, Inc. will share with and MeadWestvaco will be offered the opportunity to meet any competitive offers for the Carbonless Business. If MeadWestvaco elects to meet the competitive offer, MeadWestvaco will retain the business.

  

	III.	Consideration 

  

	 	A.	As consideration for the commitment that Ennis, Inc. is making to MeadWestvaco in this Agreement, MeadWestvaco shall pay Ennis, Inc. a fee totaling. 

  
 CONFIDENTIAL TREATMENT 
 *****[Deleted pursuant to a request for Confidential Treatment to be filed 
 separately
with the Securities and Exchange Commission] 
  

	 	    	This consideration is based upon the assumption Ennis, Inc. will purchase and pay for a minimum of 

  
 CONFIDENTIAL TREATMENT 
 *****[Deleted pursuant to a request for Confidential Treatment to be filed 
 separately with the Securities and Exchange Commission]

  

	 	    	of Carbonless Paper from MeadWestvaco during the term of this Agreement. In the event the tonnage of Carbonless Products purchased by Ennis, Inc. does not reach

  
 CONFIDENTIAL TREATMENT 
 *****[Deleted pursuant to a request for Confidential Treatment to be filed 
 separately with the Securities and Exchange Commission] 
  

	 	    	during the term of this Agreement, then the Agreement will be extended in annual increments until this minimum volume obligation has been fulfilled. Payments shall be made according
to the following schedule. 

  
 CONFIDENTIAL TREATMENT

 *****[Deleted pursuant to a request for Confidential Treatment to be filed 
 separately with the Securities and Exchange Commission] 
  

	IV.	Contract Pricing 

  

	 	A.	The pricing for Carbonless Paper sold to Ennis, Inc. hereunder will be applicable prices as set forth on Exhibit A attached. Items invoiced at higher prices will be rebated back to
these price levels. No other products produced and sold by MeadWestvaco are impacted by this agreement. 

  

			
	B.	  	CONFIDENTIAL TREATMENT            

 *****[Deleted pursuant to a request for Confidential Treatment to be filed 
 separately with the Securities and Exchange Commission] 
  

	 	C.	The Carbonless Paper price structure detailed in this Agreement (Exhibit A) is conditioned upon the requirement that Ennis, Inc.’s aggregate purchases will be a

  
 CONFIDENTIAL TREATMENT 
 *****[Deleted pursuant to a request for Confidential Treatment to be filed 
 separately with the Securities and Exchange Commission] 
  

	 	    	per calendar year. If annual volume of Carbonless Paper purchases falls below 

  

CONFIDENTIAL TREATMENT 
 *****[Deleted
pursuant to a request for Confidential Treatment to be filed 
 separately with the Securities and Exchange Commission] 
  

	 	    	in a calendar year, MeadWestvaco reserves the right to renegotiate the price structure of Exhibit A. If mutually acceptable pricing cannot be reached, then both parties are released
from the Agreement. 

  

 2 

			
	D.	  	CONFIDENTIAL TREATMENT            

 *****[Deleted pursuant to a request for Confidential Treatment to be filed 
 separately with the Securities and Exchange Commission] 
  

			
	V.	  	CONFIDENTIAL TREATMENT            

 *****[Deleted pursuant to a request for Confidential Treatment to be filed 
 separately with the Securities and Exchange Commission] 
  

			
	A.	  	CONFIDENTIAL TREATMENT            

 *****[Deleted pursuant to a request for Confidential Treatment to be filed 
 separately with the Securities and Exchange Commission] 
  

	VI.	Inventory Control Programs 

  

	 	A.	MeadWestvaco will establish controlled inventory or auto-replenishment programs in Ennis, Inc.’s plants of choice. 

  

	VII.	Terms and Conditions 

  

	 	A.	Terms: 

  
 CONFIDENTIAL TREATMENT 
 *****[Deleted pursuant to a request for Confidential Treatment to be filed

 separately with the Securities and Exchange Commission] 
  

	 	B.	Freight Allowance: Full freight allowed in the continental United States, with the exception of emergency shipment service. 

  

	 	C.	MeadWestvaco’s standard terms and condition of sale shall govern all sales hereunder. 

  

	VIII.	Transition Terms 

  

	 	A.	MeadWestvaco will establish transition teams to assist Ennis, Inc. plants that are converted to MeadWestvaco Carbonless. 

  

	IX.	Technology Enhancement 

  

	 	A.	MeadWestvaco will provide Ennis, Inc. with technical support and assistance for the development of B2B interfaces. 

  

	X.	Purchasing Assistance 

  

	 	A.	MeadWestvaco will facilitate discussions with their suppliers for the benefit of Ennis, Inc. where possible. 

  

			
	XI.	  	CONFIDENTIAL TREATMENT            

 *****[Deleted pursuant to a request for Confidential Treatment to be filed 
 separately with the Securities and Exchange Commission] 
  

			
	A.	  	CONFIDENTIAL TREATMENT            

 *****[Deleted pursuant to a request for Confidential Treatment to be filed 
 separately with the Securities and Exchange Commission] 
  

 3 

	XII.	MeadWestvaco Defaults 

  

	    	Upon the happening of any of the following events, acts, occurrences of state of facts that is not cured within forty-five (45) days after MeadWestvaco’s receipt of written
notice from Ennis, Inc., Ennis, Inc. shall have the right to terminate this agreement immediately by written notice to MeadWestvaco: 

  

	 	A.	MeadWestvaco becomes insolvent, has a receiver or trustee appointed for all or Part of its assets and business, executes and delivers and assignment for the benefit of its creditors
or is liquidated, dissolved or wound-up; 

  

	 	B.	The institution of voluntary or involuntary proceedings by or against MeadWestvaco under the bankruptcy, insolvency or other similar laws of the United States; or

  

	 	C.	A material default by MeadWestvaco of any of its obligations hereunder. 

  

	XIII.	Ennis, Inc. Defaults 

  

	    	Upon the happening of any of the following events, acts, occurrences or state of facts that is not cured within forty-five (45) days after Ennis, Inc.’ receipt of written
notice form MeadWestvaco (except in the event Ennis, Inc. does not pay the price of the Carbonless Paper when due, such cure period shall only be ten (10) days) MeadWestvaco shall have the right to terminate the Agreement immediately by written
notice to Ennis, Inc.: 

  

	 	A.	Ennis, Inc. becomes insolvent, has a receiver or trustee appointed for All or part of its assets and business, executes and delivers and assignment for the benefit of its creditors
or is liquidated, dissolved or wound-up; 

  

	 	B.	The institution of voluntary or involuntary proceedings by or against Ennis Business Forms under the bankruptcy, insolvency or other similar laws of the United States;

  

	 	C.	A material default by Ennis, Inc. of any of its obligations hereunder. 

  

	XIV.	Successors and Assigns 

  

	    	The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided that except as provided
herein, no party may assign, delegate or otherwise transfer any of its rights of obligations under this Agreement without the consent of the other party hereto. 

  

	XV.	Waiver 

  

	    	The failure of any party to insist, in Any one or more instances, upon the performance of any of the terms, covenants or conditions of this Agreement or to the exercise any right
Hereunder shall not operate or be construed as a waiver of that party’s right to insist upon future performance, and the obligation of the other party with respect to such future performance shall continue in full force and effect as if such
failure or delay had never occurred. No waiver of any term, condition or other provision of this Agreement shall be effective against a party unless acknowledged by such party in writing. 

  

 4 

	XVI.	Governing Law 

  

	    	This Agreement shall be governed by, construed, and enforced, in accordance with the laws of the State of Ohio. 

  

	XVII.	Entire Agreement 

  

	    	This Agreement, including the Schedules attached hereto, constitutes the entire agreement between MeadWestvaco and Ennis, Inc. with respect to the subject matter hereof and shall
supersede all previous oral and written proposals, negotiations, representations, commitments and other communications between the parties with respect to the subject matter hereof. 

  

	XVIII.	Amendments 

  

	    	This Agreement may not be released, discharged, altered, amended, modified or renewed except by writing signed by duly authorized representatives of the parties.

  

					
	Ennis, Inc.
			
	By:	 	 /s/ Keith Walters

	  	Date:7-13-04
	 	 	Keith Walters	  	 
	 	 	Chief Executive Officer	  	 
	
	MeadWestvaco Paper Group
			
	By:	 	 /s/ Thomas D. Sharritt

	  	Date:7/13/04
	 	 	Thomas D. Sharritt	  	 
	 	 	National Accounts Manager	  	 

  

 5 

 MeadWestvaco 
  
 ENNIS INC. 
 Exhibit A and Uncoated NET PRICING 
 29-Jul-04 
  
 Carbonless 
  

							
	 GRADE

	  	BW

	 	COLOR

	  	 Ennis
 Net Resale

	 BLK T/R CB
	  	16#	 	White	  	*
	 	  	15#	 	Tint	  	*
	 	  	20#	 	White	  	*
	 	  	20#	 	Tint	  	*
	 	  	26#	 	White	  	*
				
	 BLK T/R CFB
	  	12.5#	 	White	  	*
	 	  	12.5#	 	Colors	  	*
	 	  	14#	 	White	  	*
	 	  	14#	 	Tint	  	*
	 	  	17#	 	White	  	*
	 	  	17#	 	Tint	  	*
	 	  	22#	 	White	  	*
				
	 MEAD CF
	  	15#	 	White	  	*
	 	  	15#	 	Tint	  	*
	 	  	20#	 	White	  	*
	 	  	20#	 	Tint	  	*
	 LEDGER
	  	26#	 	White	  	*
	 	  	33#	 	White	  	*
	 	  	33#	 	Tint	  	*
	 	  	35#	 	Tint	  	*
	 TAG
	  	7.5#	 	White	  	*
	 	  	7.5#	 	Tint	  	*
	 	  	10#	 	Manilla	  	*
	 	  	87#	 	White	  	*
				
	 Optica (Blue)
	  	14#	 	White	  	*
	 	  	17#	 	White	  	*
	 	  	17#	 	Tint	  	*
	 	  	22#	 	White	  	*
	 Optica SCCB (BLU)
	  	17#	 	White	  	*
				
	 Optica (Black)
	  	14#	 	White	  	*
	 	  	17#	 	White	  	*
	 	  	22#	 	White	  	*
	 Optica SCCB (BLK)
	  	17#	 	White	  	*

							
	 GRADE

	  	BW

	 	COLOR

	  	 Ennis
 Net Resale

	 Sequel 30 CB
	  	15#	 	White	  	*
	 Sequel 30 CB
	  	20#	 	White	  	*
	 Sequel 30 CB
	  	26#	 	White	  	*
	 Sequel 30 CFB
	  	14#	 	White	  	*
	 Sequel 30 CFB
	  	14#	 	Pink/Canary	  	*
	 Sequel CF
	  	15#	 	White	  	*
	 Sequel CF
	  	15#	 	Pink/Canary	  	*
				
	 Defensa Basic
	  	26#	 	White	  	*
	 Defensa Design
	  	26#	 	Tint	  	*
	 Defensa Premium
	  	26#	 	White	  	*

	*	Indicates CONFIDENTIAL TREATMENT [Deleted pursuant to a request for Confidential Treatment to be filed separately with the Securities and Exchange Commission]

  
 EXHIBIT A 
  
 Subject to Pricing Parameters of Carbonless Contract 

 Uncoated 
  

							
	 GRADE

	  	BW

	 	COLOR

	  	 Ennis
 Net Resale

	 Defensa Basic Bond
	  	24#	 	White	  	*
	 Defensa Design Bond
	  	24#	 	White	  	*
	 Defensa Design Bond
	  	24#	 	Tint	  	*
	 Defensa Premium Bond
	  	24#	 	White	  	*
				
	 Defensa Basic Printloc
	  	24#	 	White	  	*
	 Defensa Design Printloc
	  	24#	 	White	  	*
	 Defensa Premium Printloc
	  	24#	 	White	  	*
				
	 Mead Form Bond
	  	12#	 	White	  	*
	 	  	12#	 	Tints	  	*
	 	  	15#	 	White	  	*
	 	  	15#	 	Tints	  	*
				
	 Laser Mocr
	  	20/24#	 	White	  	*

 * Indicates
CONFIDENTIAL TREATMENT [Deleted pursuant to a request for Confidential Treatment to be filed separately with the Securities and Exchange Commission] 
  
 These Items Are Not Subject to the Pricing Parameters of the Carbonless Contract and are Not Considered Part of Exhibit AFourth Amendment to Credit Agreement 6/30/04

 Exhibit 10.12 
  
 FOURTH AMENDMENT TO CREDIT AGREEMENT 
  
 This Fourth Amendment to Credit Agreement (this “Amendment”) is executed as of June 30, 2004, by and among ENNIS,
INC. (f/k/a Ennis Business Forms, Inc.), a Texas corporation (“Borrower”), BANK ONE, NA, a national banking association with its main office in Chicago, Illinois, successor by merger to Bank One, Texas, N.A. (“Agent”), as
administrative agent for itself and such other entities from time to time designated as “Lenders” under the Loan Agreement (herein defined) (the “Lenders”), and such LENDERS. 
  
 W I T N E S S E T H: 
  
 WHEREAS, Borrower, Agent and Lenders entered into that certain Credit
Agreement, dated as of June 6, 2000, pursuant to which Lenders agreed to make Loans to Borrower in the maximum amount of $36,500,000 (as heretofore or hereafter amended, the “Loan Agreement”) (each capitalized term used herein, but not
otherwise defined shall have the same meaning given to it in the Loan Agreement); and 
  
 WHEREAS, Borrower, Agent and Lenders entered into that certain First Amendment to Credit Agreement, dated as of September 21, 2000 to temporarily reduce the interest rate to be charged on the Loans; and 
  
 WHEREAS, Borrower, Agent and Lenders entered into that certain Second
Amendment to Credit Agreement, dated as of January 15, 2002 whereby: (a) the Revolving Credit Facility was reduced to $5,000,000, (b) the Term Loan was reduced to $13,000,000, (c) the Facility Termination Date was accelerated to January 15, 2003,
and (d) the interest rate to be charged under Level 1 Status (as defined in the Pricing Schedule) was reduced; and 
  
 WHEREAS, Borrower, Agent and Lenders entered into that certain Third Amendment to Credit Agreement, dated as of January 3, 2003 (“Third
Amendment”) whereby: (a) the Revolving Credit Facility was increased to $30,000,000, and (b) the outstanding balance of the Term Loan was merged into the Revolving Credit Facility; and 
  
 WHEREAS, Borrower has requested that: (a) the Revolving Credit Facility be
reinstated to $30,000,000, and (b) Lenders approve the acquisition by Borrower of Crabar/GBF Inc. 
  
 NOW, THEREFORE, in consideration of the covenants, conditions and agreements hereinafter set forth, and for other good and valuable consideration, the
receipt and adequacy of which are all hereby acknowledged, Borrower, Agent and Lenders hereby covenant and agree as follows: 
  
 ARTICLE I - AMENDMENTS 
  
 Section 1.1 Increase of Revolving Credit Facility. The Revolving Credit Facility is hereby increased to $30,000,000 and to evidence such increase,
the Commitment Schedule attached to the Loan Agreement is hereby deleted and replaced with the Commitment Schedule attached to this Amendment as Exhibit A, and Borrower shall execute replacement notes to the Lenders (in the forms attached to the
Loan Agreement as Exhibit E-2) in the amount of their respective Commitments (the “Replacement Notes”). Further, Section 2.1.1 of the Loan Agreement is hereby restated to read as follows: 
  
 2.1.1 Revolving Credit Facility. From and including
the date of this Agreement and prior to the Facility Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to (i) make revolving Loans to the Borrower from time to time in amounts not to exceed in
the aggregate at any one time outstanding the amount of its Commitment Percentage of $30,000,000, and (ii) participate in Facility LCs issued upon the request of Borrower, provided that, after giving effect to the making of each such Loan and the
issuance of each such Facility LC, such Lender’s Outstanding Credit Exposure shall not exceed 
  

			
	 FOURTH AMENDMENT TO CREDIT AGREEMENT (Ennis Business Forms, Inc.)
	  	Page 1

 its Commitment (the “Revolving Credit Facility”). Commencing on September 30,
2004, and on the last day of each September, December, March and June thereafter, the Revolving Credit Facility (and Commitments of the Lenders) shall be reduced by $1,000,000. Subject to the terms of this Agreement, the Borrower may borrow, repay
and reborrow under the Revolving Credit Facility at any time prior to the Facility Termination Date. Each Lender’s Commitment to lend under the Revolving Credit Facility shall expire on the Facility Termination Date. Principal payments made
after the Facility Termination Date, may not be reborrowed. The LC Issuer will issue Facility LCs hereunder on the terms and conditions set forth in Section 2.19, The Revolving Credit Facility shall be used solely to refinance existing debt and to
finance the acquisition of Crabar/GBF Inc. and for general working capital and corporate purposes. 
  
 Section 1.2 Acquisition of Crabar/GBF Inc. Borrower may acquire Grabar/GBF Inc. for a total acquisition consideration (cash or otherwise) of no
more than $18,000,000. 
  
 Section 1.3 Guaranty of Crabar/GBF
Inc. To evidence the guaranty of the Loan by Crabar/GBF Inc., Borrower shall have such new subsidiary of Borrower execute and deliver to Lender, no later than September 30, 2004, a Subsidiary Guaranty in the form previously delivered by
Borrower’s other subsidiaries. If this Subsidiary Guaranty is not executed by Crabar/GBF Inc. and delivered to Agent by September 30, 2004, it will constitute a Default under the Loan Agreement. 
  
 Section 1.4 Representations and Warranties. Borrower hereby represents
and warrants to Agent and to Lenders that (i) all representations and warranties made by Borrower in the Loan Agreement as of the date thereof are true and correct as of the date hereof, as if such representations and warranties were recited herein
in their entirety and (ii) Borrower is not in default of any covenant or agreement contained in the Loan Agreement. 
  
 ARTICLE II - MISCELLANEOUS 
  
 Section 2.1 Conditions Precedent. As conditions precedent to closing this Amendment, Borrower and the Guarantors, shall have executed and delivered to Agent this Agreement, and the Replacement Notes and
Borrower shall have paid to Agent and the Lenders all fees and other amounts owing under the Credit Agreement and the Loan Documents. 
  
 Section 2.2 Continuing Effect. Except as modified and amended hereby, the Loan Agreement and other Loan Documents are and shall remain in full
force and effect in accordance with their terms. 
  
 Section 2.3
Binding Agreement. This Amendment shall be binding upon, and shall inure to the benefit of, the parties’ respective representatives, successors and assigns. 
  
 Section 2.4 Nonwaiver of Events of Default. Neither this Amendment nor any other document executed in connection
herewith constitutes or shall be deemed (a) a waiver of, or consent by Agent or any Lender to, any default or event of default which may exist or hereafter occur under any of the Loan Documents, (b) a waiver by Agent or any Lender of any of
Borrower’s obligations under the Loan Documents, or (c) a waiver by Agent or any Lender of any rights, offsets, claims, or other causes of action that Lender may have against Borrower. 
  
 Section 2.5 No Defenses. Borrower, by its execution of this Amendment,
hereby declares that to its knowledge, it has no set-offs, counterclaims, defenses or other causes of action against Agent or any Lender arising out of the Loan Agreement, any documents mentioned herein or otherwise; and, to the 
  

			
	 FOURTH AMENDMENT TO CREDIT AGREEMENT (Ennis Business Forms, Inc.)
	  	Page 2

 extent any such known setoffs, counterclaims, defenses or other causes of action may exist, such items are hereby waived
by Borrower. 
  
 Section 2.6 Counterparts.
This Amendment may be executed in several counterparts, all of which are identical, each of which shall be deemed an original, and all of which counterparts together shall constitute one and the same instrument, it being understood and agreed that
the signature pages may be detached from one or more of such counterparts and combined with the signature pages from any other counterpart in order that one or more fully executed originals may be assembled. 
  
 Section 2.7 Choice of Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS, EXCEPT TO THE EXTENT FEDERAL LAWS PREEMPT THE LAWS OF THE STATE OF TEXAS. 
  
 Section 2.8 Entire Agreement. This Amendment, together with the other Loan Documents, contain the entire agreements between the parties relating to
the subject matter hereof and thereof. This Amendment and the other Loan Documents may be amended, revised, waived, discharged, released or terminated only by a written instrument or instruments, executed by the party against which enforcement of
the amendment, revision, waiver, discharge, release or termination is asserted. Any alleged amendment, revision, waiver, discharge, release or termination which is not so documented shall not be effective as to any party. 
  
 THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT
BETWEEN THE PARTIES RELATED TO THE SUBJECT MATTER HEREIN CONTAINED AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  

			
	 FOURTH AMENDMENT TO CREDIT AGREEMENT (Ennis Business Forms, Inc.)
	  	Page 3

 IN WITNESS WHEREOF, this Amendment is executed effective as of the date first written above. 

 

					
	 	 	BORROWER:
		
	 	 	 ENNIS, INC. (f/k/a Ennis Business Forms, Inc.),
 a Texas corporation

			
	 	 	By:	 	 /s/ HARVE CATHEY

	 	 	Print Name:	 	 HARVE CATHEY

	 	 	Title:	 	 VP & SEC

			
	 	 	 	 	 2441 Presidential Prky
 Midlothian, Texas
76065
 Attention: Harve Cathey
 Telephone: (800)
752-5386
 FAX: (800) 579-4271

		
	COMMITMENTS:	 	LENDERS:
		
	Revolving: $15,000,000.00	 	 BANK ONE, NA, a national banking association,
 Individually and as Agent and LC Issuer

			
	 	 	By:	 	  

	 	 	Print Name:	 	  

	 	 	Title:	 	  

			
	 	 	 	 	 1717 Main Street; Third Floor
 Dallas, Texas
75201
 Attention: Pat Brockette
 Telephone: (214)
290-2453
 FAX: (214) 290-2305

		
	Revolving: $15,000,000.00	 	COMPASS BANK, an Alabama State Bank
			
	 	 	By:	 	  

	 	 	Print Name:	 	  

	 	 	Title:	 	  

			
	 	 	 	 	 8080 N. Central Expressway, Suite 250
 Dallas, Texas
75206
 Attn: Michael Keith
 Telephone: 214-706-8046
 FAX: 214-346-2746

  

			
	 FOURTH AMENDMENT TO CREDIT AGREEMENT (Ennis Business Forms, Inc.)
	  	Page 4

 IN WITNESS WHEREOF, this Amendment is executed effective as of the date first written above. 

 

					
	 	  	BORROWER:
		
	 	  	 ENNIS, INC. (f/k/a Ennis Business Forms, Inc.),
 a Texas corporation

			
	 	  	By:	 	  

	 	  	Print Name:	 	  

	 	  	Title:	 	  

			
	 	  	 	 	 1510 North Hampton Road
 DeSoto, Texas 75208-1308
 Attention: Robert M. Halowec
 Telephone: (800) 752-5386
 FAX: (800) 579-4271

		
	COMMITMENTS:	  	LENDERS:
		
	Revolving: $15,000,000.00	  	 BANK ONE, NA, a national banking association,
 Individually and as Agent and LC Issuer

			
	 	  	By:	 	 /s/ J. Patrick Brockette

	 	  	Print Name:	 	 J. Patrick Brockette

	 	  	Title:	 	 First Vice President

			
	 	  	 	 	 1717 Main Street; Third Floor
 Dallas, Texas 75201
 Attention: Pat Brockette
 Telephone: (214) 290-2453
 FAX: (214) 290-2305

		
	Revolving: $15,000,000.00	  	COMPASS BANK, an Alabama State Bank
			
	 	  	By:	 	  

	 	  	Print Name:	 	  

	 	  	Title:	 	  

			
	 	  	 	 	 8080 N. Central Expressway, Suite 250
 Dallas, Texas 75206
 Attn: Michael Keith
 Telephone: 214-706-8046
 FAX: 214-346-2746

  

			
	 FOURTH AMENDMENT TO CREDIT AGREEMENT (Ennis Business Forms, Inc.)
	  	Page 4

 IN WITNESS WHEREOF, this Amendment is executed effective as of the date first written above. 

 

					
	 	  	BORROWER:
		
	 	  	 ENNIS, INC. (f/k/a Ennis Business Forms, Inc.),
 a Texas corporation

			
	 	  	By:	 	  

	 	  	Print Name:	 	  

	 	  	Title:	 	  

			
	 	  	 	 	 1510 North Hampton Road
 DeSoto, Texas 75208-1308
 Attention: Robert M. Halowec
 Telephone: (800) 752-5386
 FAX: (800) 579-4271

		
	COMMITMENTS:	  	LENDERS:
		
	Revolving: $15,000,000.00	  	 BANK ONE, NA, a national banking association,
 Individually and as Agent and LC Issuer

			
	 	  	By:	 	  

	 	  	Print Name:	 	  

	 	  	Title:	 	  

			
	 	  	 	 	 1717 Main Street; Third Floor
 Dallas, Texas 75201
 Attention: Pat Brockette
 Telephone: (214) 290-2453
 FAX: (214) 290-2305

		
	Revolving: $15,000,000.00	  	COMPASS BANK, an Alabama State Bank
			
	 	  	By:	 	 /s/ Michael Keith

	 	  	Print Name:	 	 MICHAEL KEITH

	 	  	Title:	 	 SENIOR VICE PRESIDENT

			
	 	  	 	 	 8080 N. Central Expressway, Suite 250
 Dallas, Texas 75206
 Attn: Michael Keith
 Telephone: 214-706-8046
 FAX: 214-346-2746

  

			
	 FOURTH AMENDMENT TO CREDIT AGREEMENT (Ennis Business Forms, Inc.)
	  	Page 4

 CONSENT OF GUARANTOR 
  
 The undersigned Guarantors each hereby (a) acknowledges its consent to this Amendment, (b) ratifies and confirms all terms
and provisions of the Subsidiary Guaranty dated June 6, 2000, (c) agrees that such Subsidiary Guaranty is and shall remain in full force and effect with respect to the Loans (as increased hereby), (d) acknowledges that there are no claims or offsets
against, or defenses or counterclaims to, the terms and provisions of and the obligations created and evidenced by such Subsidiary Guaranty, and (e) reaffirms all agreements and obligations under, such Subsidiary Guaranty with respect to the Loan
Agreement, the Notes, the Loans and all other documents, instruments or agreements governing, securing or pertaining to the Loans, as the same may be modified and increased by this Amendment. 
  
 EXECUTED as of the 30th day of June, 2004. 
  

			
	 GUARANTORS:

	
	Ennis Business Forms of Kansas, Inc., a Kansas corporation
		
	 By:
	 	 /s/ Harve Cathey

	 Name:
	 	 HARVE CATHEY

	 Title:
	 	 SEC

	
	Connolly Tool and Machine Company, a Delaware corporation
		
	 By:
	 	 /s/ Harve Cathey

	 Name:
	 	 HARVE CATHEY

	 Title:
	 	 SEC

	
	 Admore, Inc., a Texas corporation

		
	 By:
	 	 /s/ Harve Cathey

	 Name:
	 	 HARVE CATHEY

	 Tile:
	 	 SEC

	
	 PFC Products, Inc., a Delaware corporation

		
	 By:
	 	 /s/ Harve Cathey

	 Name:
	 	 HARVE CATHEY

	 Title:
	 	 SEC

	
	 Ennis Acquisitions, Inc., a Nevada corporation

		
	 By:
	 	 /s/ Harve Cathey

	 Name:
	 	 HARVE CATHEY

	 Title:
	 	 SEC

  

			
	 FOURTH AMENDMENT TO CREDIT AGREEMENT (Ennis Business Forms, Inc.)
	  	Page 5

					
	 Texas EBF, L.P., a Texas limited partnership

		
	 By:
	 	Ennis, Inc. (f/k/a Ennis Business Forms, Inc.), a Texas corporation, its sole general partner
			
	 	 	 By:
	 	 /s/ Harve Cathey

	 	 	 Name:
	 	 HARVE CATHEY

	 	 	 Title:
	 	 SEC

	
	 Ennis Sales, L.P., a Texas limited partnership

		
	 By:
	 	Ennis, Inc. (f/k/a Ennis Business Forms, Inc.), a Texas corporation, its sole general partner
			
	 	 	 By:
	 	 /s/ Harve Cathey

	 	 	 Name:
	 	 HARVE CATHEY

	 	 	 Title:
	 	 SEC

	
	 Ennis Management, L.P., a Texas limited partnership

		
	 By:
	 	Ennis, Inc. (f/k/a Ennis Business Forms, Inc.), a Texas corporation, its sole general partner
			
	 	 	 By:
	 	 /s/ Harve Cathey

	 	 	 Name:
	 	 HARVE CATHEY

	 	 	 Title:
	 	 SEC

	
	 Adams McClure I, L.P., a Texas limited partnership

		
	 By:
	 	Ennis, Inc. (f/k/a Ennis Business Forms, Inc.), a Texas corporation, its sole general partner
			
	 	 	 By:
	 	 /s/ Harve Cathey

	 	 	 Name:
	 	 HARVE CATHEY

	 	 	 Title:
	 	 SEC

	
	 American Forms I, L.P., a Texas limited partnership

		
	 By:
	 	Ennis, Inc. (f/k/a Ennis Business Forms, Inc.), a Texas corporation, its sole general partner
			
	 	 	 By:
	 	 /s/ Harve Cathey

	 	 	 Name:
	 	 HARVE CATHEY

	 	 	 Title :
	 	 SEC

  

			
	 FOURTH AMENDMENT TO CREDIT AGREEMENT (Ennis Business Forms, Inc.)
	  	Page 6

			
	Northstar Computer Forms, Inc., a Minnesota corporation
		
	 By:
	 	 /s/ Harve Cathey

	 Name:
	 	 HARVE CATHEY

	 Title:
	 	 SEC

	
	General Financial Supply, Inc., an Iowa corporation
		
	 By:
	 	 /s/ Harve Cathey

	 Name:
	 	HARVE CATHEY
	 Title:
	 	SEC
	
	Calibrated Forms, Inc., a Kansas corporation
		
	 By:
	 	 /s/ Harve Cathey

	 Name:
	 	 HARVE CATHEY

	 Title:
	 	 SEC

  

			
	 FOURTH AMENDMENT TO CREDIT AGREEMENT (Ennis Business Forms, Inc.)
	  	Page 7

 EXHIBIT A 
  
 To Fourth Amendment to Credit Agreement 
  
 Commitment Schedule 
  

							
	 Lender

	  	Revolving
Commitment

	  	Commitment
Percentage

	 
	 1. Bank One, NA
	  	$	15,000,000.00	  	50	%
	 2. Compass Bank
	  	$	15,000,000.00	  	50	%
	 	  	
	
	  	
	

	 Totals:
	  	$	30,000,000.00	  	100	%
	 	  	
	
	  	
	

  

			
	 COMMITMENT SCHEDULE - FOURTH AMENDMENT TO CREDIT AGREEMENT (Ennis Business Forms, Inc.)
	  	Page 1

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