Document:

Exhibit 4.28

Exhibit 4.28

SOFTWARE LICENSE AGREEMENT

The Software License Agreement (this “Agreement”) is made on January 1, 2009
in Shanghai by and between:

Licensor: Shanghai Huitong Information Company Limited

Registered Address: No. 28, Jiajian Road, Jiading District, Shanghai City

Licensee: Beijing Lianfei Wireless Communications Technology Company Limited

Registered Address: Room. 502, Huizhong Keji Building, ShangdiQi Street, Haiding District,
Beijing City

The Licensor and the Licensee are each a “Party” and collectively the “Parties”.

WHEREAS:

	(1)	 	The Licensor is a wholly foreign-owned enterprise established in Shanghai
under the laws of the PRC, which owns the copyright of and title to
“Linktone Photos and Tones Cellphone Software V1.0” (hereinafter referred to as
the “Cellphone Games Software”);
	 
	(2)	 	The Licensee is a domestic company incorporated in Beijing under the laws
of the PRC and approved by Beijing Communications Administration, which
is allowed to engage in the operation of information service business
(excluding the businesses of internet information service and telephone
information service);
	 
	(3)	 	The Licensor agrees to grant to the Licensee a license for the use of the
Cellphone Games Software and to provide technical support service in
relation thereto, while the Licensee agrees to accept from the Licensor
such license for the use of the Cellphone Games Software and to pay any
costs in connection therewith.

The Parties, after consultation, hereby agree as follows:

	1.	 	Content and Scope of the License
	 
	1.1	 	The Licensor shall grant to the Licensee a license in respect of the
Cellphone Games Software.
	 
	1.2	 	During the term of this Agreement, the Licensor shall at the same time
provide the Licensee with guarantees and support in connection with the
license as follows:

 

 

 

	1.2.1	 	Guarantee for maintenance and upgrading: The Licensor undertakes that it
will correct all mistakes and/or malfunction in the licensed Cellphone
Games Software, and provide maintenance support service that is used in
the Cellphone Games Software, including without limitation, the
maintenance and upgrading of the technology and content of the Cellphone
Games Software.
	 
	1.2.2	 	Guarantee for safe operation of software: The Licensor shall provide
support at any time during the term hereof to ensure the safe operation
of the Cellphone Games Software.
	 
	1.2.3	 	Guarantee for market demand and sales: The Licensor undertakes that, with
its expertise in the Cellphone Games Software, it will offer technical
assistance to the Licensee in respect of marketing and sales support work.
	 
	1.3	 	The license in connection with the Cellphone Games Software hereunder
shall be non-transferable and non-exclusive.
	 
	1.4	 	The license granted by the Licensor to the Licensee hereunder in respect
of the Cellphone Games Software shall be valid only for the value-added
telecommunication business operated by the Licensee. The Licensee agrees
not to directly or indirectly use or authorize others to use the above
Cellphone Games Software in any manner, unless specified to the contrary
in this Agreement.
	 
	1.5	 	The license granted to the Licensee hereunder shall be valid in the
People’s Republic of China only. The Licensee agrees not to use or
authorize others to use the above Cellphone Games Software directly or
indirectly in other areas.
	 
	2.	 	Ownership and Intellectual Property Right
	 
	 	 	The Licensor specially covenants and warrants that it owns the entire
copyright of the Cellphone Games Software and the rights granted to the
Licensee. These copyright and license rights are all the rights to which
the copyright owner of the Cellphone Games Software is entitled, and in
respect of which no infringement of others’ rights exists. The Licensor
specially warrants that it has completed or will complete the registration
of any related software products with the appropriate governmental
authorities.

 

 

 

	3.	 	Cost and Payment
	 
	 	 	Due to the fact that (i) the license for the use of the Cellphone Games
Software and the service provided by the Licensee are major parts that are
indispensable for the commencement of the value-added telecommunication
service business of the Licensee, (ii) the development of the
value-added telecommunication service business provided by the Licensor
to any terminal user is to a
large extent dependent upon the quality of such software and its technical
service, and (iii) the Licensor of the Cellphone Games Software has
devoted a substantial amount of human and material resources on the
development of the Cellphone Games Software and is required to provide the
services and guarantees set forth in Clauses 1.2.1 to 1.2.3 to the
Licensee during the term hereof on a long-term basis, the Licensor and the
Licensee, after consultation, agree that the Licensee shall make the
following payments to the Licensor in accordance with the requirements as
follows:
	 
	3.1	 	During the license period of the Cellphone Games Software, the Licensee
shall pay to the Licensor a software license fee and technical service
fee which are equivalent to 50% of the actual revenue of a product arising
out of the use of such Cellphone Games Software.
	 
	3.2	 	The actual revenue of the product shall be derived from the book sales
revenue of the Licensee after deduction of the amount owed to mobile
operators. The Licensee shall submit to the Licensor a statement of sales
revenue regarding the Cellphone Games Software of the previous month
within 7 days after the end of each month.
	 
	3.3	 	The Licensee shall, within one month after the expiration of this
Agreement, continue to pay to the Licensor all the software license fees
in connection with the revenues received prior to its expiration and which
is payable but has not yet been paid under this Agreement.
	 
	3.4	 	Payment Method:
	 
	 	 	In accordance with this Agreement, all amounts payable by the Licensee to
the Licensor shall be in Renminbi and transferred through banks to the
following account:
	 
	 	 	Bank: where account is opened:
	 
	 	 	Address:
	 
	 	 	Account Number:

 

 

 

	4.	 	Software Protection and Confidentiality
	 
	4.1	 	Software Protection
	 
	4.1.1	 	The Licensee agrees to offer to the Licensor all assistance that is
necessary for the protection of any rights to which the Licensor is
entitled in respect of the Cellphone Games Software. Once a claim is made
by any third party against the Cellphone Games Software, the Licensor may,
at its own expense, defend itself in proceedings in respect of such claim,
the name of the Licensee or both Parties. In the event of any infringement
on the Cellphone Games Software by a third party, the Licensee, to the
extent that such infringement is known to it, shall immediately notify the
Licensor in writing of the infringement of the above rights; only the
Licensor shall have the right to decide whether an action shall be taken
against such infringement.
	 
	4.1.2	 	The Licensee agrees that it will only use the Cellphone Games Software in
compliance with this Agreement and the Cellphone Games Software shall not
be used in a manner which, in the opinion of the Licensor, is deceptive
and misleading, or in another manner which would cause harm to the
reputation of the Cellphone Games Software and the Licensor.
	 
	4.2	 	Confidentiality Clause
	 
	4.2.1	 	The Licensee shall keep in strict confidence all the confidential
materials and information of the Licensor which are known to or accessible
by the Licensee in connection with its acceptance of the license with
regard to the Cellphone Games Software (hereinafter referred to as the
“Confidential Information”). Upon the termination of this Agreement, the
Licensee shall also, at the request of the Licensor, return all documents,
information or software containing any Confidential Information, or
destroy them on its own and delete Confidential Information from all its
memory devices, and shall not continue to use such Confidential
Information. Without the prior written consent of the Licensor, the
Licensee shall not disclose, offer or transfer to any third party the
Confidential Information.
	 
	4.2.2	 	The Parties agree that Clause 4.2.1 will continue to have effect
regardless of any change, discharge or termination of this Agreement.
	 
	5.	 	Representations and Warranties
	 
	5.1	 	The Licensor represents and warrants as follows:
	 
	5.1.1	 	The Licensor is a company duly incorporated and validly existing under the
laws of the People’s Republic of China.

 

 

 

	5.1.2	 	The execution and performance by the Licensor of this Agreement are within
its corporate power and business scope; have been duly authorized by all
necessary corporate action and the consent and approval from
necessary third parties and
governmental departments have been obtained; and do not contravene any law
or contractual restriction binding on or affecting it.
	 
	5.1.3	 	Upon execution, this Agreement is the legal, valid and binding obligation
of the Licensor, enforceable against the Licensor in accordance with its
terms.
	 
	5.1.4	 	The Licensor owns the copyright of and title to the Cellphone Games
Software hereunder.
	 
	5.2	 	The Licensee represents and warrants as follows:
	 
	5.2.1	 	The Licensee is a company duly incorporated and validly existing under the
laws of the People’s Republic of China and approved by the relevant
governmental departments of the People’s Republic of China, which is
allowed to engage in the operation of information service business
(excluding the businesses of internet information service and telephone
information service).
	 
	5.2.2	 	The execution and performance by the Licensee of this Agreement are within
its corporate power and business scope; have been duly authorized by all
necessary corporate action and the consent and approval from necessary
third parties and governmental departments have been obtained; and do not
contravene any law or contractual restriction binding on or affecting it.
	 
	5.2.3	 	Upon execution, this Agreement is the legal, valid and binding obligation
of the Licensee, enforceable against the Licensee in accordance with its
terms.
	 
	6.	 	Publicity
	 
	 	 	The Licensee shall, in all cases, bear any costs in connection with the
production of any promotion materials relating to the Cellphone Games
Software if it needs to use them. The Licensor shall have the exclusive
right to the copyright and other intellectual property rights of all
promotion materials with regard to this Agreement, whether such promotion
materials are developed or used by the Licensor or Licensee. The Licensee
agrees that it shall not, without the prior written approval of the
Licensor, promote or advertise the Cellphone Games Software hereunder on
broadcasting, TV, newspapers, magazine, internet or other media.

 

 

 

	7.	 	Term of this Agreement
	 
	7.1	 	This Agreement shall be signed and become effective on the date first
written above. Unless terminated hereunder prior to its expiration, this
Agreement shall be valid until December 31, 2010.
	 
	7.2	 	This Agreement may be renewed prior to its expiration subject to the
written confirmation of the Licensor, and a separate agreement shall be
made in respect thereof. However, the Licensee shall have no right to
confirm unilaterally as to the renewal of this Agreement.
	 
	7.3	 	The Licensor may, at any time during the term hereof, serve the Licensee
written notice to terminate this Agreement and such notice shall take
effect within 30 days after it is served.
	 
	8.	 	Amendment and Termination of this Agreement
	 
	 	 	If a party is in material breach of this Agreement (including but not
limited to violating its obligations under Clauses 3 and 4 of this
Agreement) and fails to make any remedy for its breach within 30 days of
the receipt of a notice from the other party as to the occurrence and
existence of such breach, the non-defaulting party may serve the
defaulting party a written notice to terminate this Agreement immediately,
provided that such termination will not have any prejudice to any right or
relief to which the party who demands for termination of this Agreement is
entitled under the law or otherwise.
	 
	9.	 	Force Majeure
	 
	9.1	 	“Force Majeure” means any event that is unpredictable at the time of the
execution of this Agreement, its occurrence and consequence of which
cannot be avoided or overcome, and that will occur after the execution of
this Agreement which hinders the full or partial performance of this
Agreement by a party. Such events shall include earthquakes, typhoons,
floods, fire, war, any interruption of transportation service in or out of
the People’s Republic of China, any acts that are prohibited by government
or public authorities or similar acts, epidemic and any other events which
are unpredictable or cannot be avoided or overcome, including any Force
Majeure events that are generally recognized under international
commercial practice.

 

 

 

	9.2	 	In the case of any occurrence of Force Majeure event, a party shall
suspend the performance of its obligations hereunder so affected during
the period of delay caused by such Force Majeure event, and shall
automatically extend the time of performance of such obligations to the
extent that such extension be the same length as the time of suspension.
In addition, either party shall not be liable to pay any penalty or
compensation in respect thereof.
	 
	9.3	 	The party who claims for Force Majeure shall notify the other party in
writing of the occurrence of the same and its duration within days after
such occurrence. It shall also use all its reasonable efforts to terminate
such Force Majeure.
	 
	9.4	 	The Parties shall, upon the occurrence of the Force Majeure event,
immediately look for a fair solution through mutual consultation and use
all their reasonable efforts to mitigate any consequences arising from
such Force Majeure.
	 
	10.	 	Notice
	 
	10.1	 	Any party hereto shall be under an obligation to notify the other party in
writing in an efficient manner within a reasonable time of any event which
would possibly result in disputes with or affect the performance of this
Agreement.
	 
	10.2	 	In this Agreement, a notice shall be effectively confirmed by way of
registered mail, express courier or personal delivery.
	 
	10.3	 	Any written notice to be delivered by registered mail, express courier or
personal delivery shall be deemed to have been received when the delivery
is confirmed by signature, or on the seventh day of receipt of such
notice. If former date comes earlier than the latter date, the former
shall prevail and vice versa. Notices shall be sent to the respective
address of the Parties as follows:

Address of Party A: 12/F, Cross Tower, No. 318, Fuzhou Road

Postal Code: 200001

Address of Party B: Room. 502, Huizhong Keji Building, ShangdiQi Street Haiding District,

Beijing City

	 	 	A written notice shall be given to the other party if any change to the
above address is made.

 

 

 

	11.	 	Dispute Resolution
	 
	11.1	 	All disputes between the Parties in connection with the performance of
this Agreement shall be first resolved through friendly consultation. If
no settlement can be reached through friendly consultation, the dispute
shall be resolved by litigation or any means other than litigation.
	 
	11.2	 	In the event that any disputes between the Parties cannot be resolved
through friendly consultation, either party may institute an action to the
People’s Court where the Licensor is located.
	 
	11.3	 	Except for any matters of this Agreement that are in dispute, the other
parts of this Agreement shall continue to perform in accordance herewith
when the litigation is taken place.
	 
	12.	 	Applicable Law
	 
	 	 	This Agreement shall be governed and construed in accordance with the Laws
of the People’s Republic of China.
	 
	13.	 	Effectiveness of this Agreement
	 
	 	 	This Agreement shall become effective once it is signed and sealed by the
respective representatives of the Parties.
	 
	14.	 	General Provisions
	 
	14.1	 	Waiver by any Party hereto of a breach or non-performance of any provision
on the part of the other party, or the non-performance of any provision or
inability to exercise any right under this Agreement by any Party on one
or more occasions shall not constitute an amendment to any rights under
this Agreement, nor as a waiver of any subsequent breach or
non-performance of any such provisions or rights under this Agreement.
	 
	14.2	 	The invalidity of any provision of this Agreement shall not affect the
validity of any other provisions hereof. If any provision of this
Agreement is invalid, it shall be deemed to be replaced by such provision
which will not be considered invalid and will be close to the original
intent of the Parties as nearly as possible.
	 
	14.3	 	Without the written consent of the Licensor, the Licensee shall not
transfer, lease, pledge or sub-license to any third parties this Agreement
nor any rights and obligations granted to the Licensee by the Licensor
hereunder. In addition, Licensee shall not transfer in any other manner
the economic interests licensed to it or any part of its rights hereunder
to third parties.

 

 

 

	14.4	 	This Agreement and its attachments constitute the entire agreement between
the Parties hereto with respect to the subject matter hereof. In the event
that there are any conflicts between this Agreement and all prior
understandings, representations, arrangements, undertakings or agreements
between the Parties hereto, both oral and written, this Agreement shall
prevail and supersede all understandings, representations, arrangements,
undertakings and agreements, both written and oral, which are in conflict
with this Agreement.
	 
	14.5	 	Headings of this Agreement are inserted for convenience only and shall not
be used as an interpretation of any provision of this Agreement nor shall
it be constituted as restrictions on this Agreement.
	 
	15	 	Supplementary Provisions
	 
	15.1	 	This Agreement is executed in two original copies and each Party shall
keep one.
	 
	15.2	 	All documents and agreements executed by the Parties in connection with
the license of the Cellphone Games Software shall constitute attachments
hereto. They shall be the integral part of this Agreement and have the
same legal effect hereof.
	 
	15.3	 	This Agreement may be amended, revised or supplemented subject to an unanimous
agreement of the Parties through consultation, and shall become effective after
it is signed and sealed by the duly authorized representatives of the Parties.
	 
	15.4	 	Any matter which is not covered by this Agreement shall be handled in
accordance with the Contract Law of the People’s Republic of China and
relevant laws.

Licensor: Shanghai Huitong Information Company Limited

Authorized Representative: Sealed

Licensee: Beijing Lianfei Wireless Communications Technology Company Limited

Authorized Representative: Sealedexv10w1

Exhibit 10.1

PACKAGING CORPORATION OF AMERICA

EMPLOYMENT AGREEMENT

     EMPLOYMENT AGREEMENT (this “Agreement”) dated as of June 28, 2010, by and
between Packaging Corporation of America, a Delaware corporation (the “Company”), and Paul
T. Stecko (the “Executive”).

W I T N E S S E T H

     WHEREAS, the Company desires to employ the Executive as the Executive Chairman of the Company;
and

     WHEREAS, the Company and the Executive desire to enter into this Agreement as to the terms of
the Executive’s continued employment with the Company.

     NOW, THEREFORE, in consideration of the foregoing, of the mutual promises contained herein and
of other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows:

     1. POSITION AND DUTIES.

     (a) GENERAL. During the Employment Term (as defined in Section 2 hereof), the
Executive shall serve as the Executive Chairman of the Company. In this capacity, the Executive
shall have the duties, authorities and responsibilities commensurate with the duties, authorities
and responsibilities of persons in similar capacities in similarly sized companies, and such other
duties, authorities and responsibilities as may reasonably be assigned to the Executive that are
not inconsistent with the Executive’s position, including, without limitation, the following
duties:

          (i) Regularly attending and presiding over meetings of the Board of Directors of the Company
(the “Board”);

          (ii) Setting Board meeting schedules and agendas;

          (iii) Actively participating in all appropriate Board functions;

          (iv) Assisting in the transition of duties and responsibilities to a new Chief Executive
Officer of the Company;

          (v) Participating with the Company’s new Chief Executive Officer in developing and
implementing a long-term strategic business plan of the Company and its divisions and subsidiaries
and monitoring that strategy on an ongoing basis;

          (vi) Overseeing shareholder relations and risk management for the Company; and

 

 

          (vii) Focusing on such other critical business matters as are necessary to foster the
continued growth and success of the Company and its business.

     (b) LOCATION. The Executive’s principal place of employment with the Company shall be at the
Company’s corporate headquarters in Lake Forest, Illinois, provided that the Executive
understands and agrees that the Executive will be required to travel from time to time for business
purposes.

     (c) PERMITTED ACTIVITIES. During the Employment Term, the Executive shall devote Executive’s
business time, energy, business judgment, knowledge and skill and the Executive’s best efforts to
the performance of the Executive’s duties with the Company. Notwithstanding the foregoing, during
the Employment Term, the Executive shall be permitted to (i) with the prior written approval of the
Board, serve on the board of other companies, provided that the Executive is expressly
permitted to continue to serve on any board of directors on which the Executive serves as of the
Effective Date, and (ii) manage the Executive’s passive personal investments so long as such
activities in the aggregate do not conflict with the Executive’s duties hereunder or create a
business or fiduciary conflict.

     2. EMPLOYMENT TERM. The Company agrees to employ the Executive pursuant to the terms of this
Agreement, and the Executive agrees to be so employed, for a term of three (3) years commencing on
July 1, 2010 (the “Effective Date”). To the extent that the Executive continues to be
employed by the Company following the expiration of the three (3)-year period described in the
preceding sentence, the Executive shall be employed under the terms of any successor employment
agreement or as an “at-will” employee and, except as specifically stated in this Agreement, none of
the provisions of this Agreement shall apply to the Executive’s continued employment with the
Company. Notwithstanding the foregoing, the Executive’s employment hereunder may be earlier
terminated in accordance with Section 7 hereof. The period of time between the Effective
Date and the termination of the Executive’s employment hereunder shall be referred to herein as the
“Employment Term.”

     3. BASE SALARY. The Company agrees to pay the Executive a base salary at an annual rate of
not less than $950,000 (or such other amount as mutually agreed by the parties), payable in
accordance with the regular payroll practices of the Company, but not less frequently than monthly.

     4. ANNUAL BONUS. During the Employment Term, the Executive shall be eligible for an annual
cash incentive award (an “Annual Incentive Award”) in respect of each calendar year that
ends during the Employment Term, to the extent earned based on performance against performance
criteria. The performance criteria for any particular calendar year shall be determined in good
faith by the Compensation Committee of the Board in its sole discretion no later than ninety (90)
days after the commencement of such calendar year. The Executive’s targeted Annual Incentive Award
for a calendar year shall equal $800,000 if target levels of
performance for such year are achieved, with greater or lesser amounts (including zero) paid for
performance above and below target (such greater and lesser amounts to be determined by the
Compensation Committee of the Board for such year in its sole discretion when it evaluates
performance for the year against the performance criteria described above). The Executive’s Annual
Incentive Award for a calendar year shall be determined by the

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Compensation Committee of the Board after the end of the applicable calendar year based on the
level of achievement of the applicable performance criteria, and shall be paid to the Executive in
the calendar year following the calendar year to which such Annual Incentive Award relates at the
same time annual bonuses are paid to other senior executives of the Company, subject to continued
employment at the time of payment.

     5. EQUITY AWARDS. Upon the Effective Date, the Executive shall be granted by the Company a
restricted stock award under the Company’s Amended and Restated 1999 Long-term Equity Incentive
Plan (i) for 125,000 shares of the Company’s common stock, (ii) to become vested on a cliff basis
on the date that is three (3) years following the Effective Date, subject to the Executive’s
continued employment with the Company through such date (except as otherwise expressly provided in
this Agreement), (iii) to be subject to full accelerated vesting upon the occurrence of a “Change
in Control” of the Company during the Employment Term or upon the Executive’s termination of
employment as a result of death or “Disability” (each, as defined in the Company’s Amended and
Restated 1999 Long-Term Equity Incentive Plan), (iv) to be subject to pro rata vesting on a
termination by the Company without Cause (as defined in the Company’s Amended and Restated 1999
Long-Term Equity Incentive Plan) in accordance with Section 7(a)(ii) prior to the date of full
vesting of the restricted stock, with the number of shares vesting in such case to equal (x)
125,000 multiplied by (y) a fraction, the numerator of which shall equal the number of months
(including such portion of any partial month served) actually served by Executive under this
Agreement between the Effective Date and the date of termination of this Agreement and the
denominator of which shall equal 36, and (iv) with such other terms and conditions as are set forth
in a restricted stock award agreement consistent with the Company’s standard form of restricted
stock award agreement used for other senior executives of the Company under the Company’s Amended
and Restated 1999 Long-Term Equity Incentive Plan (the “Restricted Stock Award”).

     6. EMPLOYEE BENEFITS.

     (a) BENEFIT PLANS. During the Employment Term, the Executive shall be entitled to participate
in any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to
for the benefit of its senior executives generally (including, without limitation, continued
participation in the Company’s deferred compensation plans on the same basis as in effect
immediately prior to the Effective Date), subject to satisfying the applicable eligibility
requirements, except to the extent such plans are duplicative of the benefits otherwise provided to
hereunder. The Executive’s participation will be subject to the terms of the applicable plan
documents and generally applicable Company policies. Notwithstanding the foregoing, the Company
may modify or terminate any employee benefit plan at any time.

     (b) BUSINESS EXPENSES. Upon presentation of reasonable substantiation and documentation as
the Company may specify from time to time, the Executive shall be reimbursed in accordance with the
Company’s expense reimbursement policies as in effect from time to time, for all reasonable
out-of-pocket business expenses incurred and paid by the Executive during the Employment Term and
in connection with the performance of the Executive’s duties hereunder.

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     7. TERMINATION OF EMPLOYMENT.

     (a) TERMINATION EVENTS. The Executive’s employment and the Employment Term shall terminate on
the first of the following to occur: (i) automatically upon the date of death of the Executive;
(ii) upon thirty (30) calendar days’ prior written notice (or pay in lieu of notice) by the Company
of the Executive’s termination of employment for any reason; provided that a termination
for “Cause” (as defined in the Company’s Amended and Restated 1999 Long-Term Equity Incentive Plan)
by the Company may occur immediately without prior written notice; (iii) upon thirty (30) calendar
days’ prior written notice by the Executive to the Company of the Executive’s voluntary resignation
(which the Company may, in its sole discretion, make effective earlier than any notice date); and
(iv) upon the expiration of the Employment Term on the date that is three (3) years following the
Effective Date as provided in Section 2 hereof.

     (b) CONSEQUENCES OF TERMINATION. In the event that the Executive’s employment and the
Employment Term terminates for any reason, the Executive or the Executive’s estate, as the case may
be, shall be entitled to the following (with the amounts due under the following clauses (i)
through (iii) to be paid within thirty (30) calendar days following termination of employment, or
such earlier date as may be required by applicable law): (i) any unpaid base salary through the
date of termination; (ii) any Annual Incentive Award earned but unpaid with respect to the calendar
year ending on or preceding the date of termination; (iii) reimbursement for any unreimbursed
business expenses incurred through the date of termination; and (iv) all other payments, benefits
or fringe benefits to which the Executive shall be entitled under the terms of any applicable
compensation arrangement or benefit, equity or fringe benefit plan or program or grant or this
Agreement. In addition, in the event of a termination of the Executive’s employment with the
Company as a result of the Executive’s death or “Disability” (as defined in the Company’s Amended
and Restated 1999 Long-Term Equity Incentive Plan), the Executive shall be entitled to the
accelerated vesting of the Restricted Stock Award as described in Section 5 hereof. In the
event of a termination by Company of the Executive’s employment by the Company without Cause as
provided in Section 7(a)(ii) hereof, the Executive shall be entitled to pro rata vesting of the
Restricted Stock Award as described in Section 5 hereof. Except for the foregoing and as
otherwise may be required by applicable law, following the Executive’s termination of employment
with the Company for any reason, the Company shall have no further obligations to the Executive
whatsoever.

     (c) OTHER OBLIGATIONS. Upon any termination of the Executive’s employment with the Company,
the Executive shall promptly offer to resign from and any other position as an officer, director or
fiduciary of the Company and any of its affiliates

     8. COOPERATION. Upon the receipt of reasonable notice from the Company (including through
outside counsel), the Executive agrees that while employed by the Company and thereafter (to the
extent it does not materially interfere with the Executive’s employment or other business
activities after employment by the Company), the Executive will respond and provide information
with regard to matters in which the Executive has knowledge as a result of the Executive’s
employment with the Company, and will provide reasonable assistance to the Company, the affiliates
and their respective representatives in defense of all claims that may be

4

 

made against the Company or the affiliates, and will assist the Company and the affiliates in
the prosecution of all claims that may be made by the Company or the affiliates, to the extent that
such claims may relate to the period of the Executive’s employment with the Company. The Executive
also agrees to promptly inform the Company (to the extent that the Executive is legally permitted
to do so) if the Executive is asked to assist in any investigation of the Company or the affiliates
(or their actions), regardless of whether a lawsuit or other proceeding has then been filed against
the Company or affiliates with respect to such investigation, and shall not do so unless legally
required. Upon presentation of appropriate documentation, the Company shall pay or reimburse the
Executive for all reasonable out-of-pocket travel, duplicating, telephonic, counsel and other
expenses incurred by the Executive in complying with this Section 8.

     9. EQUITABLE RELIEF AND OTHER REMEDIES. The Executive acknowledges and agrees that the
Company’s remedies at law for a breach or threatened breach of
any of the provisions of Section 8 hereof would be inadequate and, in recognition of this fact, the
Executive agrees that, in the event of such a breach or threatened breach, in addition to any
remedies at law, the Company, without posting any bond or other security, shall be entitled to
obtain equitable relief in the form of specific performance, a temporary restraining order, a
temporary or permanent injunction or any other equitable remedy which may then be available.

     10. NO ASSIGNMENTS. This Agreement is personal to each of the parties hereto. Except as
provided in this Section 10 hereof, no party may assign or delegate any rights or
obligations hereunder without first obtaining the written consent of the other party hereto. The
Company shall assign this Agreement to any successor to all or substantially all of the business
and/or assets of the Company, provided that the Company shall require such successor to
expressly assume and agree to perform this Agreement in the same manner and to the same extent that
the Company would be required to perform it if no such succession had taken place. As used in this
Agreement, “Company” shall mean the Company and any successor to all or substantially all
of its business and/or assets, which assumes and agrees to perform the duties and obligations of
the Company under this Agreement by operation of law or otherwise.

     11. NOTICES. For purposes of this Agreement, notices and all other communications provided
for in this Agreement shall be in writing and shall be deemed to have been duly given (a) on the
date of delivery, if delivered by hand, (b) on the date of transmission, if delivered by confirmed
facsimile or electronic mail, (c) on the first business day following the date of deposit, if
delivered by guaranteed overnight delivery service, or (d) on the fourth business day following the
date delivered or mailed by United States registered or certified mail, return receipt requested,
postage prepaid, addressed as follows:

If to the Executive:

To the address shown in the books and records of the Company.

If to the Company:

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Packaging Corporation of America

1900 West Field Court

Lake Forest, Illinois 60045

Attention: General Counsel

or to such other address as either party may have furnished to the other in writing in accordance
herewith, except that notices of change of address shall be effective only upon receipt.

     12. SECTION HEADINGS; INCONSISTENCY. The section headings used in this Agreement are included
solely for convenience and shall not affect, or be used in connection with, the interpretation of
this Agreement. In the event of any inconsistency between the terms of this Agreement (including
the Exhibits hereto) and any form, award, plan or policy of the Company, the terms of this
Agreement shall govern and control.

     13. SEVERABILITY. The provisions of this Agreement shall be deemed severable and the
invalidity or unenforceability of any provision shall not affect the validity or enforceability of
the other provisions hereof.

     14. COUNTERPARTS. This Agreement may be executed in several counterparts, each of which shall
be deemed to be an original but all of which together will constitute one and the same instrument.

     15. INDEMNIFICATION. The Company hereby agrees to indemnify the Executive and hold the
Executive harmless to the extent provided under the organizational documents of the Company against
and in respect of any and all actions, suits, proceedings, claims, demands, judgments, costs,
expenses (including reasonable attorney’s fees), losses, and damages resulting from the Executive’s
good faith performance of the Executive’s duties and obligations with the Company. This obligation
shall survive the termination of the Executive’s employment with the Company.

     16. LIABILITY INSURANCE. The Company shall cover the Executive under directors’ and officers’
liability insurance both during and, while potential liability exists, after the Employment Term in
the same amount and to the same extent as the Company covers its other officers and directors.

     17. GOVERNING LAW; DISPUTE RESOLUTION. This Agreement, the rights and obligations of the
parties hereto, and any claims or disputes relating thereto, shall be governed by and construed in
accordance with the laws of the State of Illinois (without regard to its choice of law provisions).
Each of the parties agrees that any dispute between the parties shall be resolved only in the
courts of the State of Illinois or the United States District Court for the Northern District of
Illinois and the appellate courts having jurisdiction of appeals in such courts. In that context,
and without limiting the generality of the foregoing, each of the parties hereto irrevocably and
unconditionally (a) submits in any proceeding relating to this Agreement or the Executive’s
employment by the Company or any affiliate, or for the recognition and enforcement of any judgment
in respect thereof (a “Proceeding”), to the exclusive jurisdiction of the courts of the
State of Illinois, the court of the United States of America for the Northern District of Illinois,
and appellate courts having jurisdiction of appeals from any of the foregoing,

6

 

and agrees that all claims in respect of any such Proceeding shall be heard and determined in
such Illinois State court or, to the extent permitted by law, in such federal court, (b) consents
that any such Proceeding may and shall be brought in such courts and waives any objection that the
Executive or the Company may now or thereafter have to the venue or jurisdiction of any such
Proceeding in any such court or that such Proceeding was brought in an inconvenient court and
agrees not to plead or claim the same, (c) WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY PROCEEDING
(WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE
EXECUTIVE’S EMPLOYMENT BY THE COMPANY OR ANY AFFILIATE OF THE COMPANY, OR THE EXECUTIVE’S OR THE
COMPANY’S PERFORMANCE UNDER, OR THE ENFORCEMENT OF, THIS AGREEMENT, (d) agrees that service of
process in any such Proceeding may be effected by mailing a copy of such process by registered or
certified mail (or any substantially similar form of mail), postage prepaid, to such party at the
Executive’s or the Company’s address as provided in Section 11 hereof, and (e) agrees that
nothing in this Agreement shall affect the right to effect service of process in any other manner
permitted by the laws of the State of Illinois. Each party shall be responsible for its own legal
fees incurred in connection with any dispute hereunder.

     18. MISCELLANEOUS. No provision of this Agreement may be modified, waived or discharged
unless such waiver, modification or discharge is agreed to in writing and signed by the Executive
and such officer or director as may be designated by the Board. No waiver by either party hereto
at any time of any breach by the other party hereto of, or compliance with, any condition or
provision of this Agreement to be performed by such other party shall be deemed a waiver of similar
or dissimilar provisions or conditions at the same or at any prior or subsequent time. This
Agreement together with all exhibits hereto sets forth the entire agreement of the parties hereto
in respect of the subject matter contained herein and supersedes any and all prior agreements or
understandings between the Executive and the Company with respect to the subject matter hereof,
whether written or oral. No agreements or representations, oral or otherwise, express or implied,
with respect to the subject matter hereof have been made by either party which are not expressly
set forth in this Agreement.

     19. EXECUTIVE REPRESENTATIONS. The Executive represents and warrants to the Company that (a)
the Executive has the legal right to enter into this Agreement and to perform all of the
obligations on the Executive’s part to be performed hereunder in accordance with its terms, and (b)
the Executive is not a party to any agreement or understanding, written or oral, and is not subject
to any restriction, which, in either case, could prevent the Executive from entering into this
Agreement or performing all of the Executive’s duties and obligations hereunder. The Executive
understands that the foregoing representations are a material inducement to the Company entering
into this Agreement.

     20. TAX MATTERS. The Company may withhold from any and all amounts payable under this
Agreement or otherwise such federal, state and local taxes as may be required to be withheld
pursuant to any applicable law or regulation. The intent of the parties is that payments and
benefits under this Agreement comply with Section 409A of the Internal Revenue Code and the
regulations and guidance promulgated thereunder and, accordingly, to the maximum extent permitted,
this Agreement shall be interpreted to be in compliance therewith.

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     21. FURTHER ASSURANCES. The Company and the Executive shall cooperate with each other and do,
or procure the doing of, all acts and things, and execute, or procure the execution of, all
documents, as may reasonably be required to give full effect to this Agreement.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above.

	 	 	 	 	 
	 	PACKAGING CORPORATION OF AMERICA

 	 
	 	By:  	/s/ Richard B. West
 	 
	 	Name:  	Richard B. West 	 
	 	Title:  	Senior Vice President and Chief Financial
Officer 	 
	 
	 	EXECUTIVE

 	 
	 	/s/ Paul T. Stecko
 	 
	 	Paul T. Stecko 	 
	 	 	 
	 

Employment Agreement Signature Page

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