Document:

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                                                                   Exhibit 10.10

                                 9 November 2001

                          ARJO WIGGINS APPLETON p.l.c.

                     ARJO WIGGINS APPLETON (BERMUDA) LIMITED

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                         ASSIGNMENT AND ASSUMPTION DEED

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THIS ASSIGNMENT AND ASSUMPTION DEED is made as a deed on 9 November 2001

BETWEEN:

ARJO WIGGINS APPLETON p.l.c., a company incorporated under the laws of England
and Wales ("AWA"); and
            ---

ARJO WIGGINS APPLETON (BERMUDA) LIMITED, a company incorporated under the laws
of the Islands of Bermuda ("Bermuda").
                            -------
WHEREAS

(A)      AWA, Paperweight Development Corp. ("PDC"), New Appleton LLC ("New
                                              ---                       ---
         Appleton") and Appleton Papers Inc. ("API") have entered into that
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         certain Fox River AWA Indemnity Agreement, dated as of November 9, 2001
         (the "Indemnity Agreement", the terms defined therein and not otherwise
               -------------------
         defined herein being used herein as therein defined); and

(B)      Pursuant to the Indemnity Agreement, PDC, New Appleton and API have
         authorized AWA to enter into this Deed and to hold the benefits under
         Clause 3(a) of this Deed and to receive any payments made by Bermuda on
         account of the Assumed Liabilities described in Clause 1(a)(i) in trust
         for the benefit of PDC, New Appleton, API and, where applicable, any
         other Member of the Buyers' Group; and

(C)      Bermuda has agreed to assume the Assumed Liabilities (as hereinafter
         defined) and accept an assignment of the Assigned Rights (as
         hereinafter defined).

NOW THIS DEED WITNESSETH as follows:

1.       For the purposes of this Deed:

         (a)   "Assumed Liabilities" shall mean:
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               (i)  any and all obligations and liabilities of AWA under,
                    arising from, or relating to, the Indemnity Agreement,
                    including without limitation all payments required pursuant
                    to Section Error! Reference source not found. thereof;

               (ii) any and all payments to be made or liabilities incurred by
                    AWA which would have constituted Excess Costs if they had
                    been incurred by API, Buyers or any other Members of the
                    Buyers' Group; and

               (iii) any and all Costs and Expenses to be incurred by AWA.

         (b)   "Assigned Rights" shall mean any and all rights of AWA under,
                ---------------
               arising from, or relating to, the Indemnity Agreement,
               including without limitation all rights to Recoveries and
               Relief payable to AWA.

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2.   Effective as of the date hereof, AWA hereby (a) assigns the Assumed
     Liabilities to Bermuda, and (b) assigns, conveys and transfers to Bermuda
     all of its right, title and interest under or with respect to the Assigned
     Rights.

3.   Subject to the provisions of Clause 7, effective as of the date hereof,
     Bermuda hereby absolutely and irrevocably, (a) accepts and assumes the
     Assumed Liabilities as if the relevant references in the Indemnity
     Agreement to AWA were references to Bermuda and agrees that it will perform
     in accordance with the terms of the Indemnity Agreement all such
     liabilities and obligations, (b) assumes, and, as between the parties
     hereto, shall be solely and exclusively liable with respect to, the Assumed
     Liabilities and agrees that it will perform all such liabilities and
     obligations, and (c) accepts the assignment of all right, title and
     interest of AWA under or with respect to the Assigned Rights; provided that
     the amount of the Assumed Liabilities assumed by Bermuda hereunder shall
     not exceed the coverage provided by the Indemnity Claim Insurance Policy
     attached as Schedule 6.1.5.1 to the Indemnity Agreement.

4.   This Deed is limited solely to the Assumed Liabilities and the Assigned
     Rights, and Bermuda shall not be deemed to have (a) assumed any other
     liabilities or obligations of AWA or (b) received an assignment of any
     other assets of AWA.

5.   Neither this Deed nor any of the rights, interests or obligations hereunder
     shall be amended, modified or assigned except in accordance with that
     certain Relationship Agreement dated November 9, 2001, by and among AWA,
     Arjo Wiggins (Bermuda) Holdings Limited, PDC, PDC Capital Corporation and
     Bermuda (the "Relationship Agreement"). Any purported amendment,
                   ----------------------
     modification or assignment that is not in compliance with the Relationship
     Agreement shall be null and void and of no force and effect whatsoever.
     Subject to the foregoing, this Deed shall bind and inure to the benefit of
     AWA and Bermuda and their successors and assigns. Except to the extent
     explicitly required by the Relationship Agreement, this Deed may be
     amended, modified or assigned without the consent of any of PDC, New
     Appleton, API or any other Member of the Buyers' Group.

6.   Bermuda shall execute and deliver to AWA such other instruments and
     documents and take such other actions as may be reasonably requested from
     time to time by AWA as necessary to carry out, evidence and confirm the
     intended purposes of this Deed.

7.   Nothing in this Deed shall be deemed to release AWA from its primary
     responsibility for performance under the Indemnity Agreement, including,
     without limitation, its indemnification obligations thereunder.

8.   This Deed shall be governed by and construed in accordance with English
     Law.

9.   This Deed may be executed in any number of counterparts and by the
     different parties hereto on separate counterparts, each of which when so
     executed and delivered shall be an original, but all of which together
     shall constitute one and the same instrument, and it

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     shall not be necessary in making proof of this Deed to produce or account
     for more than one such counterpart.

10.  PDC, New Appleton, API and the other Members of the Buyers' Group may
     enforce the terms of this Deed subject to and in accordance with the
     Clauses of this Deed and the provisions of the Contracts (Rights of Third
     Parties) Act 1999. PDC, New Appleton, API and the other Members of the
     Buyers' Group may not assign any of their rights under the Contracts
     (Rights of Third Parties) Act 1999 to enforce any term of this Deed other
     than (a) pursuant to a collateral assignment for the benefit of their
     lenders or (b) with the prior written consent of AWA.

11.  Except as provided in Clause 10 of this Deed, a person who is not a party
     to this Deed has no right under the Contracts (Rights of Third Parties) Act
     1999 to enforce any term of this Deed but this does not affect any right or
     remedy of a third party which exists or is available apart from that Act.

12.  If a provision of this Deed is or becomes illegal, invalid or unenforceable
     in any jurisdiction, that shall not effect:

          (a)  the legality, validity or enforceability in that jurisdiction of
     any other provision of this Deed; or

          (b)  the legality, validity or enforceability in other jurisdictions
     of that or any other provision of this Deed.

IN WITNESS whereof, the parties have executed and delivered this Deed as of the
day and year first above written.

EXECUTED as a DEED      )
by                      )
ARJO WIGGINS            )  /s/ Luca PaVeri-Fontana  /s/ James Morley APPLETON
   )        (director)     (director)               p.l.c.
acting by:              )  Luca PaVeri-Fontana      James Morley

EXECUTED as a DEED      )
by                      )
ARJO WIGGINS            )
APPLETON (BERMUDA)      )
LIMITED                 )  /s/ Christopher Gower    /s/ Maurice McCullough
acting by:              )  (director)              (director/secretary)
                           Christopher Gower         Maurice McCullough

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                                                                   Exhibit 10.11

                              COLLATERAL ASSIGNMENT

         This Collateral Assignment, dated as of November 9, 2001 (as amended
and in effect from time to time, this "Collateral Assignment"), is entered into
between ARJO WIGGINS APPLETON (BERMUDA) LIMITED, a company limited by shares
organized under the Companies Act of 1981 of the Island of Bermuda (the
"Assignor"), and PAPERWEIGHT DEVELOPMENT CORP., a Wisconsin corporation,
APPLETON PAPERS INC., a Delaware corporation, and NEW APPLETON, LLC, a Wisconsin
limited liability company (collectively, the "Assignee").

         WHEREAS, the Assignor and Arjo Wiggins Appleton p.l.c. ("AWA") have
entered into that certain Assignment and Assumption Deed (the "Assignment
Agreement") pursuant to which AWA has assigned to Assignor its obligations to
Assignee pursuant to the Fox River AWA Environmental Indemnity Agreement (the
"Indemnity Agreement") among AWA and Assignee (the "Obligations"); and

         WHEREAS, the Assignor and Commerce & Industry Insurance Company (the
"Insurer") have entered into an Indemnity Claim Insurance Policy, policy number
5295316 (as amended and in effect from time to time, the "Insurance Agreement"),
a copy of which is attached hereto as Exhibit A, pursuant to which the Insurer
has insured the Assignor for payment of the "Ultimate Net Loss" (as defined in
the Insurance Agreement) arising out of "Indemnity Claims" (as defined in the
Insurance Agreement) made on Assignor under the terms of the Insurance
Agreement; and

         WHEREAS, to secure the payment of the Obligations, the Assignor wishes
to assign to the Assignee the Collateral (as hereafter defined), subject to the
limitations and conditions set forth therein.

         NOW, THEREFORE, the parties hereto agree as follows:

         Section 1. Assignment As Security.
                    ----------------------

                 (a) The Assignor, for good and valuable consideration, the
         receipt and sufficiency of which are hereby acknowledged, hereby
         assigns, transfers and sets over to Assignee the Collateral, solely as
         collateral security for satisfaction of the Obligations, as the same
         have been assumed by the Assignor pursuant to the terms of the
         Assignment Agreement.

                 (b) For the purposes hereof, (i) "Collateral" shall be
         comprised of the Assigned Proceeds (as hereinafter defined) and the
         Claim Rights (as hereinafter defined); (ii) "Assigned Proceeds" shall
         mean all amounts due and payable by Insurer to or on behalf of Assignor
         under the Insurance Agreement in respect of Indemnity Claims; (iii)
         "Claim Rights" shall mean Assignor's right to make an Indemnity Claim
         against the Insurer, but only in respect of any Indemnity Claim which
         Assignor (x) is entitled to

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         make against the Insurer under the Insurance Agreement, but (y) fails
         so to make in violation of its obligations under the Assignment
         Agreement and the Relationship Agreement of even date herewith among
         Assignor, Assignee and others.

                  (c) This Collateral Assignment shall be enforceable against
         the Assignor and all successors, assigns and creditors of the Assignor.
         Notwithstanding the foregoing, and by way of further explanation of the
         terms hereof, the Assignor shall remain the owner of the Collateral,
         and the Assignee shall have no rights whatsoever therein other than as
         collateral, unless and until an Event of Default (as defined in Section
         4 hereof) shall have occurred and be continuing; accordingly, and
         without limiting the foregoing, the Assignor shall have the sole right
         to enforce collection of, settle, compromise, or extend the Assigned
         Proceeds until the occurrence of an Event of Default with respect
         thereto.

                  (d) For the avoidance of doubt, and notwithstanding anything
         contained herein or elsewhere to the contrary, nothing contained herein
         shall constitute an assignment or transfer by Assignor of any rights or
         entitlements of any kind or nature whatsoever under or in respect of
         the Insurance Contract or the proceeds thereof (whether by way of
         Indemnity Claims, commutation, cancellation or otherwise) other than
         respecting the Collateral. Further, and without limitation of the
         foregoing, Assignee shall have no rights under the Insurance Contract
         other than the Collateral, and shall have no rights to make any claims
         (including Indemnity Claims) against the Insurer, other than in respect
         of Claim Rights.

         Section 2. Acceptance. The Assignee hereby accepts this Collateral
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Assignment subject to the terms and conditions hereof.

         Section 3. Assignor Remains Liable. Notwithstanding anything herein to
                    -----------------------
the contrary, (a) the Assignor shall remain liable under the Assignment
Agreement to the extent set forth therein to perform all of its duties and
obligations thereunder to the same extent as if this Collateral Assignment had
not been executed, (b) the exercise by the Assignee of any of its rights
hereunder shall not release the Assignor from any of its duties or obligations
under the Assignment and Assumption Deed, and (c) the Assignee shall not by
virtue hereof be obligated to take any action to collect or enforce any claim
for the Payments assigned hereunder.

         Section 4. Event of Default. An "Event of Default" shall have occurred
                    ----------------
hereunder in respect of an Indemnity Claim, and Assignee's rights to receive the
proceeds thereof shall arise only in the event that (i) Assignor shall have
failed to make payment of any Indemnity Claim to or for the benefit of the
Assignee in compliance with its obligations under the Assignment Agreement to
satisfy AWA's obligations to Assignor and (ii) AWA shall have failed to make
such payment. Upon the occurrence and continuation of an Event of Default in
respect of an Indemnity Claim, Assignee shall have the sole right to enforce
collection of, settle, compromise, or extend the Assigned Proceeds relating to
such Indemnity Claim and all proceeds thereof received by Assignor shall be held
by Assignor upon an express trust for Assignee, shall not be commingled with any
other funds or property of Assignor, and shall be turned over to Assignee not
later than the business day following the day of their receipt provided that
Assignee agrees to use the Assigned Proceeds only to satisfy the applicable
Indemnity Claim.

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          Section 5.  Power of Attorney. Subject to the provisions of Section 1
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hereof, the Assignee and its agents and representatives are hereby irrevocably
constituted and designated as Section 5. the Assignor's attorney-in-fact, and
the Assignor hereby grants to the Assignee an irrevocable power of attorney,
coupled with an interest, to (a) endorse or sign the Assignor's name to
remittances, invoices, assignments, checks, drafts, notices or other instruments
in respect of the Assigned Proceeds, (b) notify the Insurer to make the payments
in respect of Claim Rights directly to the Assignee, and (c) to commence
arbitration against the Insurer in accordance with the Insurance Agreement to
seek payment of Claim Rights and to settle or compromise such as the Assignee
may, in its sole discretion, deem appropriate.

          Section 6.  Governing Law. This Collateral Assignment shall be
                      -------------
governed by and construed in accordance with the laws of Wisconsin without
regard to its principles of choice of law.

          Section 7.  Further Assurances. The Assignor and the Assignee, on
                      ------------------
behalf of themselves and their respective successors and assigns, shall execute,
acknowledge or verify, and deliver any and all agreements, documents,
instruments, reports or filings, and take any and all other actions, which from
time to time may be reasonably requested by the other party to this Collateral
Assignment to carry out the purposes and intent of this Collateral Assignment.

          Section 8.  Entire Agreement. This Collateral Assignment constitutes
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the entire agreement between the parties with respect to the subject matter
hereof and supersedes all prior agreements and understandings, written or oral,
between the parties with respect to the matters which are the subject hereof.

          Section 9.  Invalidity. If any provisions of this Collateral
                      ----------
Assignment as applied to any party or to any circumstance shall be adjudged by a
court to be invalid or unenforceable, the same shall in no way affect any other
provision of this Collateral Assignment, the application of such provision in
any other circumstances or the validity or enforceability of this Collateral
Assignment.

          Section 10. Continuing Assignment. This Collateral Assignment shall
                      ---------------------
remain in full force and effect and shall be binding on the Assignee, its
successors and assigns until all present and future Obligations of the Assignor
to the Assignee have been satisfied in full.

          Section 11. Filings. The Assignor hereby consents to any filings or
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other steps reasonably taken to implement or perfect the interest assigned to
Assignee pursuant to this Collateral Assignment.

          Section 12. Representations. The Assignor hereby represents and
                      ---------------
warrants that:

                  (a) it is duly incorporated and validly existing under, and in
          compliance with, the laws of Bermuda and has full corporate power to
          execute, deliver and perform this Collateral Assignment;

                  (b) the execution, delivery and performance of this Collateral
          Assignment have been and remain duly authorized by all necessary
          corporate action and do not contravene any provision of the Assignor's
          Articles or Memorandum of Association or

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         by-laws, as amended to date, or any law regulation, rule, decree,
         order, judgment or contractual restriction binding on the Assignor or
         its assets;

                  (c) all consents, licenses, clearances, authorizations and
         approvals of, and registrations and declarations with, any governmental
         authority or regulatory body necessary for the due execution, delivery
         and performance of this Collateral Assignment have been obtained and
         remain in full force and effect and all conditions thereof have been
         duly complied with, and no other action by, and no notice to or filing
         with, any governmental authority or regulatory body is required in
         connection with the execution, delivery or performance of this
         Collateral Assignment; and

                  (d) this Collateral Assignment constitutes a legal, valid and
         binding obligation of the Assignor enforceable against the Assignor in
         accordance with its terms.

         Section 13. Counterparts. This Collateral Assignment may be executed
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by the parties in separate counterparts, each of which when so executed and
delivered shall be an original, but all such counterparts together shall
constitute one and the same instrument. Each counterpart may consist of a number
of copies hereof signed by less than all, but together signed by all, of the
parties hereto.

         IN WITNESS WHEREOF, the parties hereto have caused this Collateral
Assignment to be duly executed as of the date first above written.

ASSIGNOR:

ARJO WIGGINS APPLETON (BERMUDA) LIMITED

By:      /s/ Christopher Gower
Name:    Christopher Gower
Title:   Director

ASSIGNEE:
PAPERWEIGHT DEVELOPMENT CORP.

By:      /s/ Richard L. Wehrel
         Richard L. Wehrel, Treasurer

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APPLETON PAPERS INC.

By:      /s/ Richard L. Wehrel
         Richard L. Wehrel, Treasurer

NEW APPLETON, LLC

By:      PAPERWEIGHT DEVELOPMENT CORP., Sole Member

         By:  /s/ Richard L. Wehrel
                  Richard L. Wehrel, Treasurer

The undersigned insurer acknowledges receipt of a duplicate of this Collateral
Assignment, which is to be filed at its office, and agrees to recognize the
rights granted to Assignee hereunder.

Dated this 9/th/ day of November, 2001.

COMMERCE AND INDUSTRY INSURANCE COMPANY

By:      /s/ Michael P. Giese
Name:    Michael P. Giese
Title:   Assistant Vice President

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                                    Exhibit A

                         [Copy of Insurance Agreement.]

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