Document:

Exhibit 10.1

EXECUTION COPY

OMNIBUS AMENDMENT

DATED AS OF MARCH 23, 2007

BY AND AMONG

USS RECEIVABLES COMPANY, LTD.,

UNITED STATIONERS FINANCIAL SERVICES LLC,

FALCON ASSET SECURITIZATION COMPANY LLC

(formerly known as Falcon Asset Securitization Corporation),

PNC BANK, NATIONAL ASSOCIATION,

MARKET STREET FUNDING LLC

(successor to Market Street Funding Corporation),

JPMORGAN CHASE BANK, N.A. (successor by merger to BANK ONE, NA (Main
Office Chicago)),

FIFTH THIRD BANK

and

JPMORGAN CHASE BANK, N.A. (formerly known as JPMORGAN CHASE BANK), as
Trustee

AMENDMENT
NO. 3 TO SERIES 2004-1 SUPPLEMENT

AMENDMENT
NO. 4 TO SERIES 2003-1 SUPPLEMENT

AMENDMENT
NO. 4 TO SECOND AMENDED AND RESTATED

SERIES
2000-2 SUPPLEMENT

OMNIBUS AMENDMENT

This OMNIBUS
AMENDMENT (this “Omnibus Amendment”) is entered into as of March 23,
2007 by and among USS Receivables Company, Ltd., a Cayman Islands limited
liability company (“USSR”), United Stationers Financial Services LLC, an
Illinois limited liability company (“USFS”), and together with USSR, the
“USS Companies”, Falcon Asset Securitization Company LLC (formerly known
as Falcon Asset Securitization Corporation), a Delaware limited liability
company (“Falcon”), PNC Bank, National Association, as Administrator
under and as defined in the Series 2000-2 Supplement referred to below (“PNC”),
Market Street Funding LLC (successor to Market Street Funding Corporation) (“Market
Street”), JPMorgan Chase Bank, N.A. (successor by merger to Bank One, NA
(Main Office Chicago)), as the Funding Agent and the sole APA Bank under and as
defined in the Series 2003-1 Supplement referred to below (“JPMorgan Chase
Bank” or the “Funding Agent”), Fifth Third Bank, as Administrator
under and as defined in the Series 2004-1 Supplement referred to below (“Fifth
Third”) and JPMorgan Chase Bank, as Trustee.

RECITALS

WHEREAS, USSR,
USFS, as Servicer (the “Servicer”), and JPMorgan Chase Bank, as Trustee
(the “Trustee”), are parties to that certain Second Amended and Restated
Pooling Agreement, dated as of March 28, 2003 (as amended, supplemented,
restated or otherwise modified and in effect from time to time, the “Pooling
Agreement”);

WHEREAS, USSR, the
Servicer, Fifth Third and the Trustee are parties to that certain Series 2004-1
Supplement, dated as of March 26, 2004, to the Pooling Agreement, as amended by
the Omnibus Amendment with respect thereto, dated as of March 25, 2005, and as
further amended by the Omnibus Amendment with respect thereto, dated as of
March 24, 2006 (as so amended and as further amended, supplemented, restated or
otherwise modified and in effect from time to time, the “Series 2004-1
Supplement”);

WHEREAS, USSR, the
Servicer, Falcon, JPMorgan Chase Bank and the Trustee are parties to that
certain Series 2003-1 Supplement, dated as of March 28, 2003, to the Pooling
Agreement, as amended by the Omnibus Amendment with respect thereto, dated as
of March 26, 2004, and as further amended by the Omnibus Amendment with respect
thereto, dated as of March 25, 2005, and as further amended by the Omnibus Amendment
with respect thereto, dated as of March 24, 2006 (as so amended and as further
amended, supplemented, restated or otherwise modified and in effect from time
to time, the “Series 2003-1 Supplement”);

 2
 

WHEREAS, USSR, the
Servicer, PNC, Market Street and the Trustee, are parties to that certain
Second Amended and Restated Series 2000-2 Supplement, dated as of March 28,
2003, to the Pooling Agreement, as amended by the Omnibus Amendment with
respect thereto, dated as of March 26, 2004 and as further amended by the
Omnibus Amendment with respect thereto, dated as of March 25, 2005, and as
further amended by the Omnibus Amendment with respect thereto, dated as of
March 24, 2006 (as so amended and as further amended, supplemented, restated or
otherwise modified and in effect from time to time, the “Series 2000-2
Supplement”); and

WHEREAS, each of
the parties hereto now desires to amend each of the Series 2004-1 Supplement,
the Series 2003-1 Supplement, and the Series 2000-2 Supplement (collectively,
the “Amended Documents”), in each case, subject to the terms and
conditions hereof.

AGREEMENT

NOW, THEREFORE, in
consideration of the premises, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties
hereto hereby agree as follows:

Section 1.           Definitions Used Herein.  Capitalized terms used herein and not
otherwise defined herein shall have the respective meanings set forth for such
terms in the Pooling Agreement or, if not defined therein, the Series 2004-1
Supplement, Series 2003-1 Supplement or Series 2000-2 Supplement, as
applicable.

Section 2.           Amendments to the Series 2004-1
Supplement.  Immediately upon the
satisfaction of each of the conditions precedent set forth in Section 5
of this Omnibus Amendment, the Series 2004-1 Supplement is hereby amended as
follows, effective as of the date first written above:

(a)       Section 1.1 of the Series 2004-1
Supplement is hereby amended by amending and restating the definitions of “Commitment
Expiry Date” and “Purchase Limit” in their entirety to read as follows:

“Commitment Expiry Date” shall mean March 21, 2008 (as may be extended for up
to an additional 364 days from time to time in writing by the Committed
Purchaser and the Administrator in their sole discretion).

“Purchase Limit” shall mean $30,000,000 as such amount may be reduced
in accordance with Section 2.8.

 3
 

(b)       Schedule I of the Series 2004-1
Supplement is hereby deleted in its entirety and replaced with Annex A
hereto.

Section 3.           Amendments to the Series 2003-1
Supplement.  Immediately upon the
satisfaction of each of the conditions precedent set forth in Section 5
of this Omnibus Amendment, the Series 2003-1 Supplement is hereby amended as
follows, effective as of the date first written above:

(a)       Section 1.1 of the Series 2003-1
Supplement is hereby amended by amending and restating the definitions of “Commitment
Expiry Date”, “Daily Commitment Fee Expense”, “Maximum Commitment Amount” and “Maximum
Invested Amount” in their entirety to read as follows:

“Commitment Expiry Date” shall mean March 21, 2008 (as may be extended for up
to an additional 364 days from time to time in writing by Initial Purchaser,
the Funding Agent and the APA Banks).

“Daily Commitment Fee Expense” shall mean, for any day in
any Accrual Period, the product of (A) the excess of 102% of the Maximum
Invested Amount over the Series 2003-1 Purchaser Invested Amount on such day
multiplied by (B) the Commitment Fee Rate divided by 360.

“Maximum
Commitment Amount”
shall mean $137,700,000.

“Maximum Invested Amount” shall mean $135,000,000.

(b)       Section 2.9(b) of the Series 2003-1
Supplement is hereby amended by amending and restating the first sentence of
such Section in its entirety to read as follows:

(b)         The Servicer shall distribute pursuant
to Section 3A.6(b), from amounts on deposit in the Series 2003-1 Collection
Subaccount, to the Funding Agent, for the pro rata account of the APA Banks in
accordance with their respective Pro Rata Shares, on each Distribution Date, a
commitment fee with respect to each Accrual Period ending on such date (the “Commitment
Fee”) at the Commitment Fee Rate of the average daily excess of 102% of the
Maximum Invested Amount over the average Series 2003-1 Purchaser Invested
Amount during such Accrual Period for the actual number of days in such Accrual
Period.

 4
 

(c)       Schedule I of the Series 2003-1
Supplement is hereby deleted in its entirety and replaced with Annex B
hereto.

Section 4.           Amendments to the Series 2000-2
Supplement.  Immediately upon the
satisfaction of each of the conditions precedent set forth in Section 5
of this Omnibus Amendment, the Series 2000-2 Supplement is hereby amended as
follows, effective as of the date first written above:

(a)       Section 1.1 of the Series 2000-2
Supplement is hereby amended by amending and restating the definitions of “Commitment
Expiry Date” and “Purchase Limit” in their entirety to read as follows:

“Commitment Expiry Date” shall mean March 21, 2008 (as may be extended for up
to an additional 364 days from time to time in writing by the Committed
Purchaser and the Administrator in their sole discretion).

“Purchase Limit” shall mean $85,000,000 as such amount may be reduced
in accordance with Section 2.8.

(b)       Schedule I of the Series 2000-2
Supplement is hereby deleted in its entirety and replaced with Annex C
hereto.

Section 5.           Conditions to Effectiveness of
this Omnibus Amendment.  The
effectiveness of this Omnibus Amendment is subject to the satisfaction of the
following conditions precedent:

(a)       Omnibus Amendment.  The Trustee shall have received, on or before
the date hereof, executed counterparts of this Omnibus Amendment, duly executed
by each of the parties hereto.

(b)       Representations and Warranties.  As of the date hereof, both before and after
giving effect to this Omnibus Amendment, all of the representations and
warranties of the USS Companies contained in each Amended Document, as amended
hereby and in each other Transaction Document (other than those that speak
expressly only as of a different date) shall be true and correct in all
material respects as though made on the date hereof (and by its execution
hereof, each of the USS Companies shall be deemed to have represented and
warranted such).

(c)       No Early Amortization Event.  As of the date hereof, both before and after
giving effect to this Omnibus Amendment, no Early Amortization Event shall have
occurred and be continuing (and by its execution hereof, each of the USS
Companies shall be deemed to have represented and warranted such).

 5
 

(d)       Payment of Fees.  The USS Companies shall have paid all costs,
fees and expenses due and owing, by any of them, pursuant to the Fee Letter.

Section 6.           Miscellaneous.

(a)       Effect; Ratification.  The amendments set forth herein are effective
solely for the purposes set forth herein and shall be limited precisely as
written, and shall not be deemed to (i) be a consent to any amendment, waiver
or modification of any other term or condition of any Amended Document or of
any other instrument or agreement referred to therein; or (ii) prejudice any
right or remedy which any of the Trustee, the Funding Agent, Falcon, PNC, Fifth
Third or Market Street may now have or may have in the future under or in
connection with any Amended Document, as amended hereby or any other instrument
or agreement referred to therein.  Each
reference in the Series 2004-1 Supplement to “this Supplement,” “herein,” “hereof”
and words of like import and each reference in the other Transaction Documents
to the “Series 2004-1 Supplement” shall mean the Series 2004-1 Supplement as
amended hereby.  Each reference in the
Series 2003-1 Supplement to “this Supplement,” “herein,” “hereof” and words of
like import and each reference in the other Transaction Documents to the “Series
2003-1 Supplement” shall mean the Series 2003-1 Supplement as amended
hereby.  Each reference in the Series
2000-2 Supplement to “this Supplement,” “herein,” “hereof” and words of like
import and each reference in the other Transaction Documents to the “Series
2000-2 Supplement” shall mean the Series 2000-2 Supplement as amended
hereby.  This Omnibus Amendment shall be
construed in connection with and as part of each Amended Document, as amended
hereby, respectively, and all terms, conditions, representations, warranties,
covenants and agreements set forth in each such agreement and each other
instrument or agreement referred to therein, except as herein amended, are
hereby ratified and confirmed and shall remain in full force and effect.

(b)       Transaction Documents.  This Omnibus Amendment is a Transaction
Document executed pursuant to the Amended Documents and shall be construed,
administered and applied in accordance with the terms and provisions thereof.

(c)       Costs, Fees and Expenses.  The USS Companies agree to reimburse each of
the Trustee, the Funding Agent, Falcon, PNC, Fifth Third and Market Street on
demand for all costs, fees and expenses (including the reasonable fees and
expenses of counsels to each of the Trustee, the Funding Agent, Falcon,

 6
 

PNC, Fifth Third and
Market Street) incurred in connection with the preparation, execution and
delivery of this Omnibus Amendment.

(d)       Counterparts.  This Omnibus Amendment may be executed in two
or more counterparts (and by different parties on separate counterparts), each
of which shall be an original, but all of which together shall constitute one
and the same instrument.

(e)       Severability.  If any one or more of the covenants,
agreements, provisions or terms of this Omnibus Amendment shall for any reason
whatsoever be held invalid, then such covenants, agreements, provisions or
terms shall be deemed severable from the remaining covenants, agreements,
provisions or terms of this Omnibus Amendment and shall in no way affect the
validity or enforceability of the other provisions of this Omnibus Amendment.

(f)        GOVERNING LAW.  THIS OMNIBUS AMENDMENT SHALL BE GOVERNED BY,
AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS.

(g)       On the date hereof, (i) Fifth Third is
the holder of one hundred percent of the interest in the Series 2004-1
Supplement VFC Certificate, (ii) Falcon is the holder of one hundred percent of
the interest in the Series 2003-1 Supplement VFC Certificate and (iii) Market
Street is the holder of one hundred percent of the interest in the Series
2000-2 Supplement VFC Certificate.  Each
of Fifth Third, Falcon and Market Street hereby authorizes and directs the Trustee
(as defined in each Supplement) to execute and deliver this Omnibus Amendment.

 7

IN WITNESS WHEREOF, the parties hereto have caused
this Omnibus Amendment to be executed and delivered by their respective duly
authorized officers as of the date first written above.

	
  

  
	
   

  	
  USS RECEIVABLES COMPANY, LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Brian S.
  Cooper

  
	
   

  	
  Name:

  	
  Brian S. Cooper

  
	
   

  	
  Title:

  	
  Treasurer

  
	
   

  	
   

  	
   

  
	
   

  
	
   

  	
  UNITED STATIONERS FINANCIAL SERVICES LLC, as
  Servicer under and as defined in the Pooling Agreement and the Supplements

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Brian S.
  Cooper

  
	
   

  	
  Name:

  	
  Brian S. Cooper

  
	
   

  	
  Title:

  	
  Treasurer

  

 

 S-1
 

 

	
  

  	
  FIFTH THIRD BANK, as Administrator and Committed
  Purchaser under and as defined in the Series 2004-1 Supplement

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Andrew D.
  Jones

  
	
   

  	
  Name: 

  	
  Andrew D. Jones

  
	
   

  	
  Title:

  	
  Assistant Vice President

  

 

 S-2
 

 

	
  

  	
  JPMORGAN CHASE BANK, N.A. (successor by merger to
  BANK ONE, NA (Main Office Chicago)), individually as the sole APA Bank and as
  Funding Agent under and as defined in the Series 2003-1 Supplement

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Ronald J.
  Atkins

  
	
   

  	
  Name:

  	
  Ronald J. Atkins

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  FALCON ASSET SECURITIZATION COMPANY LLC (formerly
  known as Falcon Asset Securitization Corporation), as Initial Purchaser under
  and as defined in the Series 2003-1 Supplement

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  JPMorgan Chase Bank, N.A. (successor by Merger to
  Bank One, NA (Main Office Chicago)),

  
	
   

  	
  Its:

  	
  Attorney-In-Fact

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Ronald J.
  Atkins

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

 S-3
 

 

	
  

  	
  PNC BANK, NATIONAL ASSOCIATION,

  	
   

  
	
   

  	
  as Administrator under and as defined in the Series
  2000-2 Supplement

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ William
  P. Falcon

  	
   

  
	
   

  	
  Name:

  	
  William P. Falcon

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  MARKET STREET FUNDING LLC (successor to Market
  Street Funding Corporation), as Committed Purchaser under and as defined in
  the Series 2000-2 Supplement

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Doris J.
  Hearn

  	
   

  
	
   

  	
  Name:

  	
  Doris J. Hearn

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  

 

 S-4
 

 

	
  

  	
  THE BANK OF NEW YORK TRUST COMPANY NA (successor in
  interest to JPMORGAN CHASE BANK, N.A.), as Trustee

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Linda
  Harrison

  	
   

  
	
   

  	
  Name:

  	
  Linda Harrison

  	
   

  
	
   

  	
  Title:

  	
  Assistant Treasurer

  	
   

  

 

 S-5

Annex A

Schedule I to the Series 2004-1 Supplement

List of Commitments

	
  Name of Committer
  Purchaser

  	
  Commitment

  
	
   

  	
   

  
	
   

  	
   

  
	
  Fifth Third Bank

  	
  $30,000,000

  

 

 Annex A-1

Annex B

Schedule I to the Series 2003-1 Supplement

List of Commitments

	
  Name of APA Bank

  	
  Commitment

  
	
   

  	
   

  
	
   

  	
   

  
	
  JPMorgan Chase Bank, N.A.

  	
  $137,700,000

  
	
  (successor by merger to Bank

  	
   

  
	
  One, NA (Main Office Chicago))

  	
   

  

 

 Annex B-1

Annex C

Schedule I to the Series 2000-2 Supplement

List of Commitments

	
  Name of Committer
  Purchaser

  	
  Commitment

  
	
   

  	
   

  
	
   

  	
   

  
	
  Market Street Funding LLC

  	
  $85,000,000

  

 

 Annex C-1EXHIBIT 10.41

FORM

OF

EXECUTIVE
SUPPLEMENTAL RETIREMENT AGREEMENT

THIS AGREEMENT is
effective as of this      day of                ,
        (the “Effective Date”) by and
between                ,
a            corporation, a
wholly owned subsidiary of                ,
a            corporation (“[Employer]”),
and, and                
(hereinafter “Employee”).

WHEREAS, Employee was
employed by and appointed an Executive Officer of                
effective as of the           
day of                ,
          , and the Employee
continues to be employed by           ;

WHEREAS,                
desired to encourage the Employee to continue his or her employment with the
Employer, and continues to encourage the Employee to continue his or her
employment; and

WHEREAS,                
and Employee intend that this Agreement comply with the requirements of section
409A of the Code.

NOW, THEREFORE, it was
agreed and continues to be agreed as follows:

1.             Definitions.  For all purposes of this Agreement, except as
otherwise expressly provided, or unless the context otherwise requires, the
terms defined in this section have the meanings assigned to them and include
the plural as well as the singular. 
Certain terms defining the parties hereto are defined in the first paragraph
of this instrument.

A.            “Employer”
means                
and all of its direct or indirect subsidiaries in which it directly or
indirectly has at least an eighty percent (80%) ownership interest, and any
other trade or business with whom which                
would be considered a single employer under Code section 414(b) or 414(c).

B.            “Executive
Officer” means all corporate officers approved by the board of directors of                .

C.            “Supplemental
Retirement Benefit” means the benefit to be paid as described and pursuant to
the calculations set out in Section 2 herein.

D.            “Full-time
Employment” means a year during which the Employee has actively worked for the
Employer for at least one thousand (1,000) hours as an Executive Officer.  A year shall be defined as a period of one
year beginning on the first day of employment, or the effective date of this
Agreement if later, and on each anniversary of that date.

E.             “Time
of Service” means the number of years spent by the Employee in Full-Time Employment
beginning on or after the Effective Date of this Agreement; provided that no
credit will be allowed for Full-Time Employment or service which occurred prior
to Employee’s attainment of the age of thirty (30).  The occurrence of a Change of Control does
not affect the Time of Service that is credited to the Employee.

F.             “Base
Salary” means the Employee’s base salary from                ,
exclusive of any and all other compensation paid or to be paid by an Employer
including, but not limited to, bonuses, performance awards, vehicle allowances
and financial services, and without regard to any elective deferral thereof
pursuant to any benefit plan maintained by an Employer.  In the event of a Change of Control, Base
Salary shall be the greater of the Employee’s Base Salary from                
immediately prior to the Change of Control or the Employee’s Base Salary paid
by                
or any successor in interest to                
at the time in question.

G.            “Named
Beneficiary” means the beneficiary or beneficiaries specifically named and
identified on the Employee’s group life insurance policies with                .  In the event of multiple life insurance
policies, the beneficiary designation(s) on the policy with the greatest dollar
value will govern.

H.            “Early
Vested Retirement Benefit” means that benefit specifically defined in Section 6
(B) herein.

I.              “Total
Disability” means total disability as determined under                ’s
Long-Term Disability Insurance Program, provided the Employee is “disabled”
within the meaning of Code section 409A(a)(2)(C).

J.             “Change
of Control”

(a)                                  “Change of Control”
is the occurrence of any of the following on or after           :

(i)                                     the sale, lease,
exchange or other transfer, directly or indirectly, of all or substantially all
of the assets of           ,
in one transaction or in a series of related transactions, to any Person;

(ii)                                  the approval by the
stockholders of            of
any plan or proposal for the liquidation or dissolution of        ;

(iii)                               any Person, other than a
“bona fide underwriter,” is or becomes the “beneficial owner” (as defined in
Rule 13d-3 under the Exchange Act), directly or indirectly, of (1) 20 percent
or more, but not more than 50 percent, of the combined voting power of       ’s
outstanding securities ordinarily having the right to vote at elections of
directors, unless the transaction resulting in such ownership has been approved
in advance by the “continuity 

 2
 

                                                directors,”
as defined at Subsection (b), or (2) more than 50 percent of the combined
voting power of        ’s outstanding
securities ordinarily having the right to vote at elections of directors
(regardless of any approval by the continuity directors);

(iv)                              a merger or consolidation
to which         is a party if the stockholders
of       immediately prior to the effective date of
such merger or consolidation have, solely on account of ownership of securities
of        at such time, “beneficial ownership”
(as defined in Rule 13d-3 under the Exchange Act) immediately following the
effective date of such merger or consolidation of securities of the surviving
corporation representing (1) 50 percent or more, but not more than 80 percent,
of the combined voting power of the surviving corporation’s then outstanding
securities ordinarily having the right to vote at elections of directors,
unless such merger or consolidation has been approved in advance by the
continuity directors, or (2) less than 50 percent of the combined voting power
of the surviving corporation’s then outstanding securities ordinarily having
the right to vote at elections of directors (regardless of any approval by the
continuity directors); or

(v)                                 the Continuity
directors cease for any reason to constitute at least a majority of the Board.

(vi)                              For purposes of this
section-

(1)  “Continuity director” means any individual
who was a member of the Board of      on                ,
while he or she is a member of the Board, and any individual who subsequently
becomes a member of the Board whose election, or nomination for election by       ’s
stockholders, was approved by a vote of at least a majority of the directors
who are Continuity directors (either by a specific vote or by approval of the
proxy statement of      in which such individual is named
as a nominee for director without objection to such nomination).  For example:

(A)  If a majority of the nine individuals
constituting the Board on                ,
approved a proxy statement in which two different individuals were nominated to
replace two of the individuals who were members of the Board on          ,
the two newly elected directors would join the seven remaining directors who
were members of the Board on           ,
as Continuity directors.

(B)  If a majority of the directors in clause (A)
above approved a proxy statement in which three different individuals 

 3
 

                                    were
nominated to replace three other directors who were members of the Board on                ,
the three newly elected directors would also become, along with the other six
directors, Continuity directors. 
Individuals subsequently joining the Board could become Continuity
directors under the principles reflected in this example.

(2)  “Bona fide underwriter” means a Person
engaged in business as an underwriter of securities that acquires securities of
      or                
from          or                
through such Person’s participation in good faith in a firm commitment
underwriting until the expiration of 40 days after the date of such
acquisition.

(3)  “Exchange Act” is the Securities Exchange Act
of 1934, as amended.  Any reference to a
specific provision of the Exchange Act or to any rule or regulation thereunder
includes a reference to such provision as it may be amended from time to time
to any successor provision.

(4)  “Person” includes any individual,
corporation, partnership, group, association or other “person,” as such term is
used in Section 13(d) or Section 14(d) of the Exchange Act, other than      ,
any affiliate or any benefit plan sponsored by      
or an affiliate.  For this purpose an
affiliate is (A) any corporation at least a majority of whose outstanding
securities ordinarily having the right to vote at elections of directors is
owned directly or indirectly by       or (B) any other
form of business entity in which           ,
by virtue of a direct or indirect ownership interest, has the right to elect a
majority of the members of such entity’s governing body.

K.            “Code”
means the Internal Revenue Code of 1986, as amended (including, when the
context requires, all regulations, interpretations and rulings issued
thereunder).

L.             “Termination
of Employment” means a severance of an Employee’s employment relationship with
all Employers for any reason, other than on account of death, provided such
termination constitutes a “separation from service” within the meaning of Code
section 409A, and any change in employment that is deemed to constitute a “separation
from service” under Code section 409A.

2.             Supplemental
Retirement Benefit.  If the Employee
continues in Full-Time Employment without interruption until he or she attains
the age of sixty (60) years and has at least seven (7) years of service as an
Executive Officer upon his or her Termination of Employment then, commencing as
of the first day of the second calendar month immediately following the
Termination of Employment,                
shall pay a Supplemental Retirement Benefit, in equal monthly installments, to
the Employee during his or her remaining lifetime.  A 

 4
 

monthly payment
shall be due to the Employee only if he or she is living on the payment
date.  The Supplemental Retirement
Benefit to be paid hereunder shall be equal to one percent (1%) of the Employee’s
Base Salary at the annual rate in effect when he or she turned age sixty (60),
multiplied by the Employee’s Time of Service with the Employer, not to exceed
thirty (30) years.  The result of this
calculation shall be divided by twelve (12) to arrive at the monthly benefit
payment.

3.             Survivor
Benefit.  If, at the time of the
Employee’s death, the Employee has satisfied the age and service requirements
for receiving a benefit under Section 2, Section 5 or Section 6(B), whether or
not the benefit had commenced, and the Employee had a Termination of Employment
before the Employee’s death,                
shall pay to the Employee’s surviving spouse, if any, monthly payments equal to
fifty percent (50%) of the monthly benefit that the Employee was receiving or
would have received had the Employee’s benefit pursuant to the applicable
Section commenced prior to the Employee’s death.  Assuming Employer receives timely notice of
Employee’s death, the first payment shall be due as of the later of (a) the
month during which the Employee died and (b) the date as of which payments
would have commenced to the Employee if the Employee had experienced a
Termination of Employment immediately prior to the Employee’s death and
survived until benefits commenced pursuant to Section 2, 5, or 6(B).  Payments to the Employee’s surviving spouse
shall cease in the month during which the Employee, if living, would have
attained age 80 or the month in which the spouse dies, whichever comes earlier.

For purposes of the survivor benefit to be paid under
this Section 3, the only person eligible for this benefit shall be the then
living current spouse of the Employee. 
No survivor benefit payments shall be paid under this Section 3 to any
other heirs or beneficiaries of the Employee or to any heirs or beneficiaries
of the Employee’s spouse upon the spouse’s death.

If payments are being
paid under this Section 3, no payments are owed by Employer under any other
Section of this Agreement, specifically including but not limited to Section 4.

4.             Pre-retirement
Death Benefit.  If the Employee
either:

1)                                      has
experienced a Termination of Employment as a result of Total Disability (and
has not recovered from such Total Disability), or

2)             is in Full-Time Employment,

and dies at any time
before he or she has satisfied the age and service requirements for receiving a
benefit pursuant to Section 2, Section 5, or Section 6(B),                
shall pay a pre-retirement death benefit to the Employee’s Named Beneficiary in
a single lump sum amount equal to twice the Employee’s Base Salary at the
annual rate in effect at the time of his or her death or twice the Employee’s
Base Salary at the annual rate in effect at the termination of his or her
Termination of Employment due to Total Disability.  Such payment shall be made as soon as
administratively practical after                
receives written notice of the Employee’s death.

If payments are being
paid under this Section 4, then no payments are owed by the Employer under any
other Section of this Agreement, specifically including but not limited to
Section 3.

 5
 

5.             Disability.  If the Employee has completed seven (7) years
of service as an Executive Officer and experiences a Termination of Employment
by reason of his or her Total Disability prior to his or her attaining age
fifty-five (55), the period of the Employee’s Total Disability will count as
Time of Service until he or she attains the age of fifty-five (55) provided he
or she has not recovered from such Total Disability.

If the Employee’s Termination of Employment occurs by
reason of his or her Total Disability before he or she has completed at least
seven (7) years of service as an Executive Officer, the period of his or her
Total Disability will count as both Time of Service and service as an Executive
Officer until he or she has been credited with seven (7) years of service as an
Executive Officer.

Notwithstanding the benefit calculations set out for
the Early Vested Retirement Benefit under Section 6(B), the monthly benefit
payable to an Employee who experiences a Termination of Employment by reason of
Total Disability shall commence at the later of age fifty-five (55) or the date
which is seven (7) years after                
required to achieve at least seven (7) years of service as an Executive Officer
pursuant to this Section 5, and shall be equal to one percent (1%) of the
Employee’s Base Salary at the annual rate in effect at the time of commencement
of Total Disability, multiplied by the Employee’s Time of Service, including
those years granted pursuant to the above accrual provisions, divided by twelve
(12).

6.             Termination
of Employment.

A.            If the Employee’s
Termination of Employment occurs for any reason, except due to the Employee’s
death or Total Disability as provided above, before the Employee has attained
age fifty-five (55) and completed at least seven (7) years as an Executive
Officer, no benefits whatsoever shall be due Employee under the terms of this
Agreement.

B.            If the Employee’s
Termination of Employment occurs for any reason, except due to the Employee’s
death or Total Disability, after the Employee has attained the age of
fifty-five (55) years and completed at least seven (7) years of service as an
Executive Officer but before the Employee has attained the age of sixty (60)
years, then, commencing as of the first day of the second calendar month
immediately following the Termination of Employment,                
shall pay an Early Vested Retirement benefit in equal monthly installments to
the Employee during his or her remaining lifetime.  A monthly payment shall be due to the
Employee only if he or she is living on the payment date.  The monthly payment under the Early Vested
Retirement Benefit shall be one percent (1%) of the Employee’s Base Salary at
the annual rate in effect at the time of termination of employment, multiplied
by his or her Time of Service accrued through the date of termination of
employment, divided by twelve (12).

C.            If the Employer
determines that the Employee is a “key employee” of a publicly traded
corporation within the meaning of Code section 409A(a)(2)(B)(i), then any
distributions to the Employee arising on account of the Employee’s Termination
of Employment (other than on account of death) shall be suspended for six
months following such Termination of Employment.  Any payments that were otherwise payable 

 6
 

during the
six-month suspension period referred to in the preceding sentence, will be paid
as soon as administratively practicable after the end of such six-month
suspension period.

7.             Small
Benefit.  If, at the time benefit
payments are scheduled to commence under this Agreement to the Employee or the
Employee’s surviving spouse, the lump sum present value of such benefit is less
than $100,000, then such benefit will be paid in a single lump sum.  The present value of such benefit will be
determined using a reasonable life expectancy table used under the Jostens
Pension Plan D (or any such successor or replacement plan) and a discount equal
to the prime rate in use by the Wells Fargo Bank, Minneapolis, Minnesota, or
any successor organization, at the time of the Employee’s termination or
death.  A payment pursuant to this
Section 7 shall be in lieu of all other benefits otherwise due or payable under
this Agreement.

8.             No
Acceleration.  Except as provided in
Section 7, neither the time nor schedule of any benefit payment under this
Agreement may be accelerated, except as follows:

A.            The payment of a
small benefit under Section 7.

B.            To the extent the
Employer determines it necessary to withhold for the payment of FICA taxes
imposed under Code section 3101, 3121(a) or 3121(v)(2) and to pay the
additional federal income tax under Code section 3401 or the corresponding
withholding provisions of applicable state, local or foreign tax laws as a
result of the payment of the FICA taxes, as permitted under Code section 409A.

C.            Upon a termination
of this Agreement, if and only to the extent and at the time permitted under
Code section 409A and only if the Employer agrees to comply with the
requirements of such termination imposed by Code section 409A

9.             Continuation
of Employment.  If the Employee
continues in the employ of the Employer after attaining the age of sixty (60)
years, any Supplemental Retirement Benefits otherwise payable hereunder shall
be deferred to the time of Termination of Employment.  In such event, there shall be no increases in
any benefits hereunder on account of any Time of Service or increases to Base
Salary after the age of sixty (60) years. 
Service as an Executive Officer after age sixty (60) shall be recognized
for purposes of vesting for an Employee’s Supplement Retirement Benefit or
Early Vested Retirement Benefit.

10.           Life
Insurance Contract.  Employer has the
right to elect to purchase a life insurance contract or contracts on the life
of the Employee, for the purpose of providing Employer with cash funds to meet
and discharge the payments to be made by it under this Agreement.  In such event, Employer shall at all times be
the sole and absolute owner of any such life insurance contract or contracts
and the sole beneficiary thereof, and shall have the full and unrestricted
right to use or exercise all values, privileges and options available
thereunder as it may desire, without the knowledge or consent of any other
person or persons.  It is expressly
understood and agreed that notwithstanding any of the terms, provisions or
conditions of this Agreement, neither the Employee nor his or her beneficiary,
his or her estate, or any other person, persons, or their executors or
administrators shall have any right, title or interest 

 7
 

whatsoever in or
to any such life insurance contract or contracts.

11.           Discharge
for Cause.  Notwithstanding any other
provisions of this Agreement to the contrary, in the event the Employee’s
employment is terminated for cause, he or she shall forfeit all amounts
otherwise due or payable to him or her hereunder.  For purposes of this Agreement, “terminated
for cause” shall mean a Termination of Employment on account of the Employee’s
poor or unsatisfactory performance or misconduct, which has or may result in
significant injury to the Employer, its business reputation or financial
structure.

12.           Noncompete.  In consideration for the benefits to be paid
to the Employee hereunder, the Employee agrees that from the date of his or her
Termination of Employment and during the entire term he or she is receiving any
payments under this Agreement he or she will refrain from performing services
of any kind, as an employee or otherwise, whether directly or indirectly, to or
for the benefit of any person, firm or corporation whose business the board of
directors of                
shall in good faith determine to be competitive with any of the businesses that
the Employer was involved in at the time of the Employee’s retirement.  Notice of such determination shall be mailed
to the Employee at his or her last known mailing address; in the event that the
Employee fails to discontinue such activities, all amounts then remaining
unpaid under this Agreement shall be automatically forfeited, and the Employee
agrees that the Employer shall have no past or future liability to him or her
or to any other person hereunder.

13.           Change
of Control.  In the event there is a
Change of Control of                ,
the Employee shall, at all times on and after the date of the Change of
Control, be deemed to have completed at least seven (7) years of service as an
Executive Officer.  If the Employee’s
Termination of Employment, other than by reason of the Employee’s Total
Disability, occurs on or after the date of the Change of Control but before the
Employee attains age fifty-five (55), the Employee will nevertheless be
entitled to receive a benefit pursuant to Section 6(B) upon attaining age
fifty-five (55), provided, first, that the Employee’s actual Time of Service
shall be used in calculating such benefit; and, second, that if the Employee
dies before attaining age fifty-five (55), the Employee’s Named Beneficiary
shall receive a death benefit pursuant to Sections 3 or 4 herein.

14.           Employment
at Will.  The Employee hereby
acknowledges that he or she is an Employee at will and that nothing contained
herein constitutes any obligation or commitment by the Employer to continue the
Employee in the Employer’s employment.

15.           Release.  As a condition to qualifying for any of the
benefit payments provided for hereunder, the Employee at the termination of his
or her employment and prior to receiving any payments under this Agreement,
agrees to execute a general release agreement releasing the Employer and its
directors, officers, employees and agents from any and all claims or actions of
any kind he or she may have against it and them arising out of the Employee’s
employment with the Employer.

16.           Additional
Considerations.

A.            Neither
the Employee, his or her beneficiary, nor any other person claiming through or
under him or her shall have any right to commute, encumber, or 

 8
 

dispose of the right to receive payments hereunder, all of which
payments and the right thereto are expressly declared to be nonassignable.  In the event of any attempted assignment or
other disposition, all benefits hereunder are forfeited and Employer shall have
no further liability to Employee hereunder. This paragraph shall not, however,
restrict a beneficiary’s exercise of a power of appointment conferred upon such
beneficiary by the Employee’s beneficiary designation.

B.            This
Agreement shall be binding upon and inure to the benefit of any successor of                ,
including, but not limited to, any person, firm, corporation or other business
entity which at any time, whether by merger, purchase, or otherwise acquires
all or substantially all of the assets or business of                ,
and upon the Employee and any other person claiming through or under the
Employee.

C.                           
shall have the discretionary authority and power to make all determinations as
to the rights to benefits under this Agreement. 
Any decision by                
denying a claim by the Employee and any other person claiming through or under
the Employee for benefits under this Agreement shall be stated in writing and
delivered or mailed to the Employee or such other person.  Such decision shall set forth the specific
reasons for the denial, written to the best of                ’s
ability in a manner that may be understood without legal or actuarial
counsel.  In addition,                
shall afford a reasonable opportunity to the Employee or such other person for
a full and fair review of the decision denying such claim.

D.            This
Agreement may not be amended, altered or modified, except by a written
instrument signed by the parties hereto, or their respective successors or
assigns, and may not be otherwise terminated except as provided herein.

E.             The
parties acknowledge and agree that, to the extent applicable, this Agreement
shall be interpreted in accordance with section 409A of the Code and Department
of Treasury Regulations and other interpretive guidance issued thereunder,
including without limitation any such regulations or other guidance that may be
issued after the Effective Date. 
Notwithstanding any provision of this Agreement to the contrary, in the
event that Employer determines that any amounts payable hereunder will be
immediately taxable to the Executive under section 409A of the Code and related
Department of Treasury guidance, Employer may (a) adopt such amendments to this
Agreement and appropriate policies and procedures, including amendments and
policies with retroactive effect, that Employer determines necessary or
appropriate to preserve the intended tax treatment of the benefits provided by
this Agreement and/or (b) take such other actions as Employer determines
necessary or appropriate to comply with the requirements of section 409A of the
Code and related Department of Treasury guidance, including such Department of
Treasury guidance and other interpretive materials as may be issued after the Effective
Date.

IN WITNESS WHEREOF, the
parties have executed this Agreement in            ,
            , in
duplicate, to be effective on the date first written above.

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