Document:

Form of Dealer Agreement and Schedule

 Exhibit 10.9 
  

			
	

	 	 NICHOLAS FINANCIAL, INC.
 Automobile
Dealer Retail Agreement

 Non-Recourse Dealer Retail Agreement 

The undersigned Dealer proposes to sell to the undersigned Nicholas Financial, Inc. (NFI), from time to time, Promissory Notes, Security Agreements, Retail
Installment contracts, Conditional Sales Contracts, or other instruments hereinafter referred to as “Contracts”, evidencing installment payment obligations owing Dealer arising from the time sale of motor vehicle(s) and secured by such
Contracts. It is understood that NFI shall have the sole discretion to determine which Contracts it will purchase from Dealer. 
  

	1.	Dealer represents and warrants that Contracts submitted to NFI for purchase shall represent valid, bona fide sales for the respective amount therein set forth in such Contracts and that such Contracts represent sales of
motor vehicles owned by the Dealer and are free and clear of all liens and encumbrances. 

  

	2.	Upon purchase by NFI of any contracts hereunder from dealer, dealer shall endorse and assign to NFI the obligations and all pertinent security, security instruments, along with such provisional endorsements as may be
stipulated for such contracts purchased by NFI. 

  

	3.	This Agreement, and sums payable hereunder, may not be assigned by Dealer without written consent of NFI. 

  

	4.	Dealer acknowledges that NFI charges an acquisition fee and a $75.00 loan processing charge on all contracts purchased and funded by NFI. The acquisition fee and loan processing charge are taken from Dealer Proceeds and
are Non-Refundable. The amount is disclosed on each transaction and is set by Nicholas Financial, Inc. 

  

	5.	Perfection of Security Interest: For each Contract purchased by NFI, Dealer shall, within 20 days of the date of the Contract or within a lesser time period if required by applicable law, file and record
all documents necessary to properly perfect the valid and enforceable first priority security interest of NFI in the Vehicle and shall send NFI all security interest filing receipts. A Contract shall be subject to Repurchase for the life of the
Contract if NFI suffers a loss due to the Dealership’s failure to (1) file and record, within 20 days of the date of the Contract or within a lesser time period if required by applicable law, all documents required to properly perfect the
valid and enforceable first priority security interest of NFI in the Vehicle; (2) send NFI the filing receipts reflecting said perfection. 

  

	6.	Indemnity: As a separate and cumulative obligation, Dealer shall defend and hold NFI harmless from any and all claims, defenses, offsets, damages, suits, administrative or other proceedings, cost
(including reasonable attorney’s fees), expenses, losses, and liabilities. (Collectively Claims) arising out of connected with or relating to the Contract or the goods or services sold there under. Timing of indemnification is within 7 days of
demand by NFI. 

  

	7.	Add-on Products and Services: 

  

	 	a.	Defined. “Add-on Products and Services,” or “APS,” shall mean service contracts, mechanical breakdown contracts, GAP contracts, credit life and credit accident and health insurance. In
addition, the term shall include other products and services acceptable to and approved in writing by NFI from time to time. 

  

	 	b.	Cancellation of APS. If APS has been sold by the Dealer and financed in a Contract purchased by NFI, Dealer agrees that such APS shall be cancelable upon demand by Buyer. Upon such cancellation, Dealer shall
immediately notify NFI that the Buyer has canceled the APS. Upon cancellation, Buyer shall be entitled to a refund of the unearned portion of the cash price of the APS as provided in the APS Contract or as may otherwise be required by law, whichever
is greater. As between NFI and Dealer, Dealer agrees to pay to NFI, as appropriate, any refund due to Buyer under the terms of an APS Contract. Dealer’s liability under this Section shall be limited to the amount Dealer collected and retained
or otherwise received, directly or indirectly, in connection with the sale of the APS. 

  

	8.	Privacy: Dealer shall not make any unauthorized disclosure of, or use any personal information of individual consumers which it receives from NFI or on NFI’s behalf other than to carry out the
purposes for which such information is received. NFI and Dealer shall comply in all respects with all applicable requirements of Title V of the Gramm-Leach-Bliley Act of 1999 and its implementing regulations. 

 

	9.	No Provisions hereof may be modified, changed or supplemented, unless both parties agree to the amendment in writing. 

  

									
	Nicholas Financial, Inc.	 		 	Dealer:	 	  

					
	By:	 	  
	 		 	By:	 	  

					
	Date:	 	  
	 		 	Date:	 	  

			
	 DEALER NAME
	  	 DEALER NAME

	1 STOP MOTORSPORTS	  	AJ’S AUTO
	1ST CHOICE AUTO SALES	  	ALABAMA DIRECT AUTO
	1ST CHOICE AUTO SALES INC	  	ALEXANDRIA MOTORS INC
	1ST CLASS AUTO SALES	  	ALFA MOTORS
	1ST FINANCIAL SERVICES	  	ALL AMERICAN AUTO MART
	24/7 MOTORS LLC	  	ALL CREDIT CAR SALES LLC
	247 AUTO SALES	  	ALL SEASONS AUTO SALES
	3 BROTHERS INC	  	ALL STAR AUTO GROUP LLC
	301CARSALES.COM	  	ALL STAR DODGE CHRYSLER JEEP
	305 AUTO WHOLESALE CORP	  	ALL STAR MOTORS INC
	31 W AUTO BROKERS INC	  	ALL WHEEL AUTO
	4 WHEELS OF FOX LAKES SALES	  	ALLAN VIGIL FORD
	4042 MOTORS LLC	  	ALLANS SHOWCASE
	44 AUTO MART	  	ALLEN TURNER AUTOMOTIVE
	60 WEST AUTO SALES LLC	  	ALLSTAR MOTORS, INC.
	83 AUTO SALES LLC	  	ALMA CHEVROLET BUICK GMC
	A & D MOTORS, INC.	  	AL’S AUTO MART
	A & S GRAND AVE	  	ALTERNATIVES
	A 1 AUTO SALES INC	  	AMERICAN AUTO SALES OF CLOVER
	A CAR AUTO SALES & LEASING	  	AMERICAN AUTO SALES WHOLESALE
	A CAR LOT INC	  	AMERICAN PRESTIGE AUTOS INC
	A LOT OF USED CARS	  	AMERIFIRST AUTO CENTER, INC.
	A.R.J.‘S AUTO SALES, INC	  	AMS CARS
	A1 AUTO SALES	  	ANDERSON AUTOMOTIVE GROUP INC
	A7AUTO.COM LLC	  	ANDRADE AUTO EXCHANGE INC
	AAA AUTOMOTIVE LLC	  	ANDY MOHR BUICK PONTIAC GMC
	AACC AUTO CAR SALES, INC	  	ANDY MOHR CHEVROLET, INC.
	ABBY’S AUTOS, INC.	  	ANDY MOHR TOYOTA
	ABERNATHY’S AUTO SALES	  	ANGRY CARS
	ABES AUTO SALES	  	ANNIE RAE INC
	ACCURATE AUTOMOTIVE OF	  	ANSWER ONE MOTORS
	ACE AUTO STAR LLC	  	ANTHONY PONTIAC GMC BUICK INC
	ACE AUTOSPORTS LLC	  	ANY CREDIT AUTO SALES LLC
	ACTION AUTO SALES	  	APPROVAL AUTO CREDIT INC.
	ADAMSON FORD LLC	  	ARB WHOLESALE CARS INC
	ADS AUTO DISCOUNT SALES INC	  	ARBOGAST BUICK PONTIAC GMC
	ADVANCED AUTO & TRUCK	  	ARC AUTO LLC
	ADVANCED AUTO BROKERS, INC.	  	ARCH ABRAHAM NISSAN LTD
	ADVANTAGE CAR & CREDIT	  	ARCH AUTO SALES
	ADVANTAGE FORD OF STUART, INC	  	ARENA AUTO SALES
	ADVENTURE CHRYSLER JEEP	  	ARES FINANCIAL SERVICES LLC
	ADVENTURE SUBARU LLC	  	ARLINGTON AUTO SALES INC
	AFFORDABLE AUTO AUCTION	  	ART MOEHN CHEVROLET, CO.
	AFFORDABLE RENTAL SALES	  	ASSET AUTOMOTIVE LLC

			
	 DEALER NAME
	  	 DEALER NAME

	ATCHINSON FORD SALES	  	AUTO PROFESSIONAL CAR SALES
	ATL AUTO TRADE INC	  	AUTO RITE, INC
	ATL AUTOS .COM	  	AUTO SALES OF WINTER GARDEN
	ATLANTA LUXURY MOTORS INC	  	AUTO SELECT
	ATLANTIS RENT A CAR AND	  	AUTO SELECT INC
	AUCTION DIRECT USA	  	AUTO SENSATION USA, INC.
	AUTO AMERICA	  	AUTO SMART
	AUTO B GOOD	  	AUTO SOURCE CAROLINA LLC
	AUTO BANK	  	AUTO SOURCE UNLIMITED LLC
	AUTO BANK, INC.	  	AUTO SPECIALISTS
	AUTO BAZAAR	  	AUTO SPORT, INC.
	AUTO CITY LLC	  	AUTO TRADE GROUP INC
	AUTO CLUB OF MIAMI	  	AUTO TRADEMARK
	AUTO CREDIT	  	AUTO TREND WHOLESALE
	AUTO CREDIT EXPRESS LLC	  	AUTO VILLA
	AUTO DIRECT	  	AUTO VILLA WEST
	AUTO DIRECT COLUMBUS OH	  	AUTO WAREHOUSE INC
	AUTO DIRECT PRE-OWNED	  	AUTO WEEKLY SPECIALS
	AUTO EXPRESS ENTERPRISE INC	  	AUTO WISE AUTO SALES
	AUTO EXPRESS INC	  	AUTO WISE BUYING SERVICE INC
	AUTO EXTREME INC	  	AUTO WORLD
	AUTO GALAXY INC	  	AUTODEALS.ME LLC
	AUTO GROUP USA	  	AUTODRIVE, LLC
	AUTO LAND AUTO SALES INC	  	AUTOLAND
	AUTO LIBERTY OF ARLINGTON	  	AUTOLAND USA AT SMYRNA
	AUTO LINE, INC.	  	AUTOMAC USA INC
	AUTO LIQUIDATORS OF TAMPA, INC	  	AUTOMART #1 LLC
	AUTO MAC 2	  	AUTOMATIC AUTO CREDIT
	AUTO MARKET	  	AUTOMAX
	AUTO MART, INC.	  	AUTOMAX
	AUTO MASTERS	  	AUTOMAX AUTO SALES INC
	AUTO MASTERS OF HERMITAGE LLC	  	AUTOMAX OF ANDERSON
	AUTO MAX	  	AUTOMAX OF GREENVILLE
	AUTO MAX USA LLC	  	AUTOMAX OF GREER
	AUTO NETWORK OF THE TRIAD LLC	  	AUTOMONDEX INC
	AUTO NETWORK, INC.	  	AUTOMOTIVE DIRECT USA INC
	AUTO PARK CORPORATION	  	AUTONET GROUP LLC
	AUTO PASS SALES & SERVICE CORP	  	AUTONOMICS
	AUTO PLAY LLC	  	AUTOPLEX
	AUTO PLAZA INC	  	AUTOPLEX IMPORT
	AUTO PLAZA USA	  	AUTOPLEX, LLC
	AUTO PLUS OF SMITHVILLE LLC	  	AUTORAMA PREOWNED CARS
	AUTO POINT USED CAR SALES	  	AUTOS ONLINE
	AUTO PROFESSION CAR SALES 2	  	AUTOSHOW SALES AND SERVICE

			
	 DEALER NAME
	  	 DEALER NAME

	AUTOSPORTS	  	BEST BUY MOTORS
	AUTOWAY CHEVROLET	  	BEST CAR PRICE USA, INC.
	AUTOWAY TOYOTA	  	BEST CARS KC INC
	AUTOWORLD USA	  	BEST DEAL AUTO SALES
	AVIS FORD	  	BEST FOR LESS AUTO INC
	AXELROD PONTIAC	  	BEST VALUE AUTO SALES INC
	AZZA MOTORS, INC.	  	BETTER AUTOMALL LLC
	B & W MOTORS	  	BEV SMITH KIA
	BAKER BUICK GMC CADILLAC	  	BEXLEY MOTORCAR COMPANY LLC
	BALLAS BUICK GMC	  	BIG BLUE AUTOS, LLC
	BALTIMORE WASHINGTON AUTO	  	BIG BOYS TOYS FLORIDA LLC
	BANK AUTO SALES	  	BIG O DODGE OF GREENVILLE, INC
	BARBIES AUTOS CORPORATION	  	BILL BLACK CHEVROLET,
	BARRETT & SONS USED CARS	  	BILL BRYAN CHRYSLER DODGE JEEP
	BARTS CAR STORE	  	BILL CLOUGH FORD INC
	BARTS CAR STORE INC	  	BILL ESTES CHEVROLET
	BASELINE AUTO SALES, INC.	  	BILL KAY CHEVROLET GEO INC
	BASIC AUTO SALES	  	BILL MAC DONALD FORD INC
	BATES FORD INC	  	BILL MARINE FORD INC
	BAY PINES AUTO SALES	  	BILL OWENS AUTO SALES
	BEACH AUTO BROKERS, INC	  	BILLS & SON AUTO SALES INC
	BEACH AUTO KINGS	  	BILLS AUTO SALES & LEASING,LTD
	BEACH BLVD AUTOMOTIVE, INC	  	BILLY RAY TAYLOR AUTO SALES
	BEACH BOULEVARD AUTOMOTIVE INC	  	BILTMORE MOTOR CORP.
	BEACHSIDE RIDE	  	BLACKSTONE IMPORTS OF
	BEAR VALLEY VEHICLE SALES INC	  	BLACKWELL MOTORS INC
	BEASLEY-CROSS PRE OWNED INC	  	BLAKE HOLLENBECK AUTO SALES IN
	BEAU TOWNSEND FORD	  	BLOOMINGTON AUTO CENTER
	BEAU TOWNSEND NISSAN, INC.	  	BLOSSOM CHEVROLET, INC.
	BECK’S AUTO	  	BLUE SPRINGD FORD SALES INC
	BEDFORD AUTO WHOLESALE	  	BLUESLADE MOTOR CARS LLC
	BEEJAY AUTO SALES INC	  	BOB JEANNOTTE BUICK GMC TRUCK
	BELAIR ROAD DISCOUNT AUTO	  	BOB KING’S MAZDA
	BELLS AUTO SALES	  	BOB MAXEY LINCOLN-MERCURY
	BEN DAVIS CHEVROLET OLDSMOBILE	  	BOB MONTGOMERY CHEVROLET, INC.
	BEN MYNATT NISSAN	  	BOB STEELE CHEVROLET INC.
	BENSON NISSAN	  	BOBB SUZUKI
	BEREA AUTO MALL	  	BOBBY LAYMAN CHEVROLET, INC.
	BERGER CHEVROLET	  	BOBBY MURRAY TOYOTA
	BERKELEY FORD	  	BOSAK HONDA
	BERMANS AUTOMOTIVE, INC.	  	BOULEVARD AUTO SALES & LEASING
	BESSEMER AL AUTOMOTIVE LLC	  	BOYD’S AUTO SALES
	BEST BUY AUTO SALES AT THE	  	BRAD WINDHAMS USED CARS INC
	BEST BUY AUTO SALES OF TAMPA	  	BRAD’S USED CARS

			
	 DEALER NAME
	  	 DEALER NAME

	BRAMAN HONDA OF PALM BEACH	  	CAR MART FL.COM
	BRAMLETT PONTIAC INC	  	CAR SOURCE, LLC.
	BRANDON MITSUBISHI	  	CAR WORLD OF PALM BEACH, INC.
	BROTHER’S AUTO SALES	  	CAR ZONE
	BROWN’S AUTO SALES	  	CAR ZONE
	BRYANT USED CARS	  	CAR ZONE
	BUCKEYE CITY AUTOMOTIVE GROUP	  	CARDINAL MOTORS INC
	BUCKEYE FORD LINCOLN MERC OF O	  	CARDIRECT LLC
	BUCKEYE NISSAN, INC.	  	CAREY PAUL HONDA
	BUDS AUTO SALES	  	CARL GREGORY CHRYSLER-DODGE-
	BURNS CHEVROLET, INC	  	CARMART AUTO SALES, INC.
	BUTLER MOTOR CO. INC	  	CARMART AUTOMALL LLC
	BUY RIGHT AUTOMOTIVE, LLC	  	CARMASTERS OF ARLINGTON
	BUYERS CHOICE AUTO CENTER LLC	  	CARMIKES, INC.
	BUZZ KARZ LLC	  	CARNECTIONS
	BYERLY FORD-NISSAN, INC	  	CARNECTIONS
	BYERS CHEVROLET LLC	  	CAROLINA AUTO EXCHANGE
	BYERS IMPORTS	  	CAROLINA AUTO SPORTS
	BYERS KIA	  	CAROLINA MOTORCARS
	BYRONS AUTO SALES	  	CARPORT SALES & LEASING, INC.
	C & D AUTO EXCHANGE	  	CARROLLTON MOTORS
	C & J AUTO WORLD LLC	  	CARS & CREDIT OF FLORIDA
	CADILLAC OF NOVI INC	  	CARS & TRUCKS
	CAITO CAR COMPANY	  	CARS 4 U
	CALVARY CARS & SERVICE, INC	  	CARS N CARS, INC.
	CANDY’S AUTO WORLD INC	  	CARSMART, INC.
	CANNON BUICK-MITSUBISHI	  	CARZ, INC.
	CANNON USED CARS, INC	  	CARZONE USA
	CAPITAL AUTOMOTIVE SALES	  	CASCADE AUTO GROUP, LTD
	CAPITAL FORD INC	  	CASTLE AUTO OUTLET, LLC
	CAPITAL MOTORS	  	CASTLE USED CARS
	CAPITAL MOTORS LLC	  	CASTRIOTA CHEVROLET GEO INC.
	CAPITOL AUTO	  	CAVALIER AUTO SALES INC
	CAPITOL CADILLAC	  	CBF MOTORS LLC
	CAR BAZAAR INC OF FRANKLIN	  	CC MOTORS INC
	CAR CENTRAL	  	CENTERVILLE AUTO MART
	CAR CITY USA LLC	  	CENTRAL PONTIAC INC.
	CAR COLLECTION, INC.	  	CENTURY BUICK
	CAR CONCEPTS REMARKETING	  	CERTIFIED AUTO DEALERS
	CAR COUNTRY	  	CHAMPION PREFERRED AUTOMOTIVE
	CAR CREDIT INC	  	CHARLES BARKER PREOWNED OUTLET
	CAR DEALZ	  	CHARLES MOTOR CO.
	CAR DEPOT	  	CHARLOTTE MOTOR CARS LLC
	CAR FINDERS, LLC	  	CHARS CARS LLC

			
	 DEALER NAME
	  	 DEALER NAME

	CHASE AUTO GROUP	  	COUGHLIN FORD OF CIRCLEVILLE
	CHATHAM PARKWAY TOYOTA	  	COUGHLIN HYUNDAI
	CHIP’S CARS	  	COUGHLIN LONDON AUTO INC
	CHOICE AUTO SALES	  	COUNTRY HILL MOTORS INC
	CHOICE AUTOMOTIVE GROUP	  	COUNTRY HILL MOTORS, INC.
	CHRIS CARROLL AUTOMOTIVE	  	COUNTRYSIDE FORD OF CLEARWATER
	CHRIS MOTORS AUTO SALES	  	COURTESY CHRYSLER DODGE JEEP
	CHRIS SPEARS PRESTIGE AUTO	  	COURTESY CHRYSLER JEEP DODGE
	CIRCLE CITY ENTERPRISES, INC.	  	COURTESY FORD
	CITI CARS, INC.	  	COURTESY NISSAN
	CITY HYUNDAI	  	COURTESY TOYOTA
	CITY MOTORS FLORIDA LLC	  	COX CHEVROLET INC
	CITY STYLE IMPORTS INC	  	COX TOYOTA/SCION
	CITY USED CARS, INC	  	COYLE CHEVROLET
	CJ’S AUTO SALES	  	CRAIG & BISHOP, INC.
	CJ’S AUTO STORE	  	CRAIG & LANDRETH INC
	CLARK CARS INC	  	CRAMER HONDA OF VENICE
	CLARK’S SUNSHINE	  	CREDIT MASTER AUTO SALE INC
	CLASSIC AUTO DEALER	  	CREDIT UNION REMARKETING
	CLASSIC CADILLAC SAAB	  	CREDITMAX AUTO GROUP
	CLEAN CARS	  	CREEL MOTORS
	CLEARWATER CARS INC	  	CRENCOR LEASING & SALES
	CLIFT BUICK GMC	  	CRM MOTORS, INC.
	CLINTON FAMILY FORD	  	CRONIC CHEVROLET, OLDSMOBILE-
	COAST TO COAST AUTO SALES	  	CROSSGATE MOTORS, INC.
	COASTAL AUTOMOTIVE INC	  	CROWN AUDI
	COGGIN HONDA	  	CROWN AUTO DEALERSHIPS INC.
	COLONIAL PONTIAC	  	CROWN BUICK GMC
	COLUMBUS AUTO RESALE, INC	  	CROWN HONDA
	COLUMBUS AUTO WAREHOUSE LLC	  	CROWN KIA
	COLUMBUS CAR TRADER	  	CROWN KIA
	COMMONWEALTH DODGE LLC	  	CROWN MOTORS INC
	CONEXION AUTO SALES	  	CROWN NISSAN
	CONWAY RV	  	CROWN NISSAN
	CONYERS AUTO MAX	  	CROWN NISSAN GREENVILLE
	COOK & REEVES CARS INC	  	CRYSTAL LAKE CHRYSLER JEEP INC
	COOK MOTOR COMPANY	  	CRYSTAL TRUCK CENTER
	CORLEW CHEVROLET CADILLAC OLDM	  	CURRIE MOTORS DRIVERS EDGE
	CORPORATE FLEET MANAGEMENT	  	CURRIE MOTORS FRANKFORT INC
	CORTEZ MOTORS	  	CURRY HONDA
	COUCH MOTORS LLC	  	D & J MOTORS, INC.
	COUGHLIN AUTOMOTIVE- PATASKALA	  	D & R TRUCK AND AUTO
	COUGHLIN CHEVROLET- NEWARK	  	DAN CUMMINS CHV BUICK PONTIAC
	COUGHLIN CHEVROLET OF	  	DAN HATFIELD AUTO GROUP

			
	 DEALER NAME
	  	 DEALER NAME

	DAN TOBIN PONTIAC BUICK GMC	  	DONS AUTOMOTIVE GROUP LLC
	DAN TUCKER AUTO SALES	  	DORAL AUTO MALL
	DANE’S AUTO SALES LLC	  	DORAL CARS OUTLET
	DAVCO AUTO LLC	  	DOTSON BROS CHRYS DODGE PLYM
	DAVE EDWARDS TOYOTA	  	DOUG MARINE MOTORS INC
	DAVES JACKSON NISSAN	  	DOWN HOME MOTORS LLC
	DAVID SMITH AUTOLAND, INC.	  	DRIVER SEAT AUTO SALES LLC
	DAWSONS AUTO & TRUCK SALES INC	  	DRIVERIGHT AUTO SALES, INC.
	DAYTON ANDREWS INC.	  	DRIVERS WORLD
	DBA AUTONATION CHEVROLET	  	DRIVEWAYCARS.COM
	DEACON JONES AUTO PARK	  	DRIVING DREAMS AUTO SALES LLC
	DEACON JONES NISSAN LLC	  	DRY RIDGE TOYOTA
	DEALERS CHOICE MOTOR COMPANY	  	DUBLIN CADILLAC NISSAN GMC
	DEALS ON WHEELS	  	DUGAN CHEVROLET PONTIAC
	DEALS ON WHEELS WHOLESALE LLC	  	DUKE IMPORTS, INC.
	DEALZ AUTO TRADE	  	DULUTH AUTO EXCHANGE
	DEALZ ON WHEELZ LLC	  	DUNN CHEVROLET OLDS INC.
	DEAN SELLERS, INC.	  	DURAN MOTOR SPORTS INC
	DEECO’S AUTO SALES INC	  	DUVAL FORD
	DENNIS AUTO POINT	  	DYNASTY MOTORS
	DENNY’S AUTO SALES, INC.	  	E AUTO SOLUTIONS
	DEPENDABLE MOTOR VEHICLES INC	  	EAGLE AUTO STORE INC
	DESTINYS AUTO SALES	  	EAGLE ONE AUTO SALES
	DIAMOND II AUTO SALES, INC.	  	EARL TINDOL FORD, INC.
	DIAMOND MOTORS OF DAYTONA	  	EAST ANDERSON AUTO SALES
	DIANE SAUER CHEVROLET, INC.	  	EAST LAKE TRUCK & CAR SALES
	DICK SCOTT NISSAN, INC.	  	EAST ORLANDO KIA
	DIRECT AUTO EXCHANGE, LLC	  	EASTERN SHORE AUTO BROKERS INC
	DIRECT SALES & LEASING	  	EASY AUTO AND TRUCK
	DISCOUNT AUTO BROKERS	  	EASY FINANCE AUTO
	DISCOUNT MOTOR MALL, INC.	  	EAZY RIDE AUTO SALES LLC
	DIVERSIFIED AUTO SALES	  	ECONO AUTO SALES INC
	DIVINE AUTO SALES	  	ECONO MOTORS.NET
	DIXIE IMPORT INC	  	ECONOMIC AUTO SALES INC
	DM MOTORS, INC.	  	ECONOMY AUTO MART
	DODGE OF ANTIOCH INC	  	ED MARTIN PONTIAC GMC
	DOMESTIC ACQUISITIONS	  	ED NAPLETON ELMHURST IMPORTS I
	DON AYERS PONTIAC INC	  	ED NAPLETON HONDA
	DON HINDS FORD, INC.	  	ED SCHMID FORD INC
	DON MARSHALL CHYSLER CENTER	  	ED TILLMAN AUTO SALES
	DON MEALEY CHEVROLET	  	ED VOYLES HONDA
	DON MOORE CHEVROLET CADILLAC	  	ED VOYLES HYUNDAI
	DON REID FORD INC.	  	ED VOYLES KIA OF CHAMBLEE
	DON WOOD AUTOMOTIVE LTD	  	EDDIE ANDRESON MOTORS

			
	 DEALER NAME
	  	 DEALER NAME

	EDDIE AUTO BROKERS	  	FAMILY KIA
	EDDIE CRAIGS EXPRESS	  	FANELLIS AUTO
	EDDIE MERCER AUTOMOTIVE	  	FARMINGTON’S FINEST USED CARS
	EDGE MOTORS	  	FAST AUTO SALES, LLC
	EDWARDS CHEVROLET CO	  	FENTON NISSAN OF TIFFANY SPRGS
	EJ’S QUALITY AUTO SALES, INC.	  	FERMAN CHEVROLET
	ELITE AUTO	  	FERMAN CHRYSLER JEEP DODGE AT
	ELITE AUTO SALES OF ORLANDO	  	FERMAN CHRYSLER PLYMOUTH
	ELITE CAR OUTLET INC	  	FERMAN NISSAN
	ELITE CAR SALES OF CLEARWATER	  	FIAT OF SAVANNAH
	ELITE CAR SALES WEST INC	  	FIAT OF WINTER HAVEN
	ELITE IMPORTS	  	FIRKINS C.P.J.S.
	ELITE MOTORS	  	FIRST CHOICE AUTOMOTIVE INC
	ELITE MOTORS, INC.	  	FIRST CLASS AUTO CHOICE
	EMPIRE AUTO SALES & SERVICE	  	FIRST STOP AUTO SALES
	EMPIRE AUTOMOTIVE GROUP	  	FISCHER NISSAN INC.
	ENGLEWOOD FORD	  	FITZGERALD MOTORS, INC.
	ENTERPRISE	  	FIVE POINTS AUTO GROUP INC
	ENTERPRISE CAR SALES	  	FIVE STAR CAR & TRUCK
	ENTERPRISE CAR SALES	  	FIVE STAR FORD STONE MOUNTAIN
	ENTERPRISE CAR SALES	  	FLAMINGO AUTO SALES
	ENTERPRISE CAR SALES	  	FLEET SERVICES REMARKETING
	ENTERPRISE CAR SALES	  	FLETCHER CHRYSLER PRODUCTS INC
	ENTERPRISE CAR SALES	  	FLORENCE AUTO MART INC
	ENTERPRISE LEASING CO OF	  	FLORIDA AUTO EXCHANGE
	ENTERPRISE LEASING CO. OF ORL.	  	FLORIDA FINE CARS INC
	ENTERPRISE LEASING COMPANY	  	FLORIDA TRUCK SALES
	ENTERPRISE LEASING COMPANY	  	FLORIDA USED CARS INC
	ENTERPRISE LEASING COMPANY	  	FLOW HONDA
	ERNEST MOTORS, INC.	  	FLOW VOLKSWAGEN OF GREENSBORO
	ERNIE PATTI AUTO LEASING &	  	FORD OF PORT RICHEY
	ERWIN CHRYSLER PLYMOUTH DODGE	  	FORT MYERS TOYOTA INC.
	ETTLESON HYUNDAI LLC	  	FORT WALTON BEACH
	EXCLUSIVE MOTOR CARS LLC	  	FORT WAYNE CREDIT CONNECTION I
	EXECUTIVE CARS LLC	  	FORTUNE MOTOR GROUP
	EXOTIC MOTORCARS	  	FOX FORD LINCOLN MIDWEST LLC
	EXPERT AUTO GROUP INC	  	FOXWORTHY AUTO SUPERSTORE
	EXPRESS AUTO SALES	  	FRANK LETA AUTOMOTIVE OUTLET
	EXPRESS MOTORS LLC	  	FRANK MYERS AUTO SALES, INC
	EXTREME IMPORTS	  	FRANKIES AUTO SALES
	EZ AUTO & TRUCK PLAZA II INC	  	FRED MARTIN FORD
	E-Z WAY CAR SALES & RENTALS	  	FREEDOM AUTO SALES
	FACIDEAL AUTO CENTER INC	  	FREEWAY MOTORCARS, INC.
	FAIRLANE FORD SALES, INC.	  	FRENSLEY CHRYSLER PLYMOUTH

			
	 DEALER NAME
	  	 DEALER NAME

	FRIDAY’S AUTO SALES, INC.	  	GORDON CHEVROLET-GEO
	FRIENDLY FINANCE AUTO SALES	  	GR MOTOR COMPANY
	FRONTIER MOTORS INC	  	GRANT CAR CONCEPTS
	FUTURE AUTOMOTIVE LLC	  	GRANT MOTORS CORP.
	G & R AUTO SALES CORP	  	GRAVITY AUTOS ROSWELL
	G & W MOTORS INC	  	GREAT BRIDGE AUTO SALES
	GAINESVILLE MITSUBISHI	  	GREAT LAKES CHRYSLER DODGE JEE
	GANLEY CHEVROLET, INC	  	GREEN FORD, INC
	GANLEY CHRYSLER JEEP DODGE INC	  	GREEN LIGHT CAR SALES
	GANLEY EAST, INC	  	GREENBRIER DODGE OF CHES, INC.
	GANLEY LINCOLN MERCURY	  	GREENE FORD COMPANY
	GANLEY, INC	  	GREENLIGHT MOTORS, LLC
	GARY SMITH FORD	  	GREEN’S TOYOTA
	GASTONIA CHRYSLER JEEP DODGE	  	GREENWISE MOTORS
	GATES CHEV PONT GMC BUICK	  	GREER NISSAN
	GATEWAY AUTO PLAZA	  	GREG SWEET CHEVY BUICK OLDS
	GATOR AUTOMOTIVE SALES, INC	  	GREG SWEET FORD INC
	GATOR CHRYSLER-PLYMOUTH, INC.	  	GRIFFIN FORD SALES, INC.
	GENE GORMAN AUTO SALES	  	GRIFFIN MOTOR CO, INC
	GENERAL AUTO	  	GRIMALDI AUTO SALES INC
	GENERAL AUTO LLC	  	GROGANS TOWNE CHRYSLER
	GEN-X CORP	  	GROW AUTO FINANCIAL INC
	GEOFF ROGERS AUTOPLEX	  	GS AUTO BROKERS LLC
	GEORGIA BEST MOTORS	  	GULF ATLANTIC WHOLESALE INC
	GEORGIA CHRYSLER DODGE	  	GULF COAST AUTO BROKERS, INC.
	GEORGIA MOTORS	  	GULF MOTORS OF FT. MEYERS
	GERALDA AUTO SALES	  	GWINNETT PLACE FORD
	GERMAIN OF SARASOTA	  	GWINNETT PLACE NISSAN
	GERMAIN TOYOTA	  	H & H AUTO SALES
	GETTEL NISSAN OF SARASOTA	  	H & S AUTO SALES LLC
	GETTEL TOYOTA	  	H H NISWANDER PONTIAC BUICK CA
	GILBERT CHEVROLET COMPANY INC	  	HAASZ AUTO MALL, LLC
	GLASSMAN OLDSMOBILE, INC.	  	HAGGERTY BUICK GMC INC
	GLEN BURNIE AUTO EXCHANGE, INC	  	HAIMS MOTORS INC
	GLENN BUICK GMC TRUCKS	  	HALLECK AUTO SALES
	GLOBAL CONSULTANTS CO	  	HALLEEN KIA
	GLOBE AUTO SALES	  	HAMILTON CHEVROLET INC
	GLOVER AUTO SALES	  	HAMMCO INC
	GMT AUTO SALES, INC	  	HANNA IMPORTS
	GOLDEN OLDIES	  	HAPPY AUTO MART
	GOOD SAM MOTORS INC	  	HAPPY CARS INC
	GOOD TO GO AUTO SALES, INC.	  	HARBOR CITY AUTO SALES, INC.
	GOODMAN CHEV OLDS CAD NISSAN	  	HARDIE’S USED CARS, LLC
	GORDON CHEVROLET, INC.	  	HARDY CHEVROLET

			
	 DEALER NAME
	  	 DEALER NAME

	HARRELSON NISSA	  	HOOVER MITSUBISHI CHARLESTON
	HARRIET SALLEY AUTO GROUP LLC	  	HORACE G ILDERTON
	HATFIELD HYUNDAI	  	HOSICK MOTORS INC
	HATFIELD USED CAR CENTER	  	HT MOTORS INC
	HAVANA FORD INC.	  	HUBLER AUTO PLAZA
	HAWKINSON NISSAN LLC	  	HUBLER FINANCE CENTER
	HAYDOCY PONTIAC-GMC TRUCK INC	  	HUBLER NISSAN, INC.
	HEADQUARTER TOYOTA	  	HUDSON AUTO SALES
	HEATH MOTORSPORTS	  	HUGH WHITE HONDA
	HENDRICK CHRYSLER DODGE JEEP	  	HUNT AUTOMOTIVE, LLC
	HENDRICK HONDA	  	HUNTER SUBARU HYUNDAI
	HENDRICK HONDA	  	HUSTON MOTORS INC.
	HENDRICKSCARS.COM	  	HWY 150 BUYERS WAY, INC.
	HENNESSY MAZDA PONTIAC	  	HYUNDAI OF BRADENTON
	HERITAGE AUTOMOTIVE GROUP	  	HYUNDAI OF LOUISVILLE
	HERITAGE BUICK GMC HONDA	  	HYUNDIA OF GREER
	HERITAGE CADILLAC-OLDS, INC.	  	HYUNDIA OF ORANGE PARK
	HERITAGE MOTOR COMPANY	  	I AM CARS LTD
	HERITAGE NISSAN	  	IAUTO INC
	HIBDON MOTOR SALES	  	IDAHOSA MOTORS INC
	HICKORY HOLLOW CARNIVAL KIA	  	IDEAL AUTO
	HIDY ACURA	  	IDEAL USED CARS INC
	HIGH Q AUTOMOTIVE CONSULTING	  	IMPERIAL MOTORS
	HIGHLINE AUTOSPORTS	  	IMPERIAL SALES & LEASING INC
	HIGHLINE IMPORTS, INC.	  	IMPEX AUTO SALES
	HILLMAN MOTORS, INC.	  	IMPORT AUTO BROKERS INC
	HILTON HEAD MITSUBISHI	  	INDIAN RIVER LEASING CO
	HILTON HEAD NISSAN	  	INDOOR AUTO SALES, INC.
	HOGSTEN AUTO WHOLESALE	  	INDY MOTORS SOUTH
	HOLLAND BROTHERS MOTORS LLC	  	INDY MOTORSPORTS
	HOLLYWOOD MOTOR CARS LLC	  	INDY’S UNLIMITED MOTORS
	HOLLYWOOD MOTOR CO #1	  	INTEGRITY AUTO CENTER INC
	HOLLYWOOD MOTOR CO #3	  	INTEGRITY AUTO PLAZA LLC
	HOMESTEAD MOTORS	  	INTEGRITY AUTO SALES OF JACKSO
	HOMETOWN AUTO MART, INC	  	INTEGRITY AUTOMOTIVE
	HONDA CARS OF BRADENTON	  	INTERNATIONAL AUTO LIQUIDATORS
	HONDA CARS OF ROCK HILL	  	INTERNATIONAL AUTO OUTLET
	HONDA OF FRONTENAC	  	INTERNATIONAL AUTO WHOLESALERS
	HONDA OF GAINESVILLE	  	INTERSTATE MOTORS LLC
	HONDA OF OCALA	  	IRENKO AUTO SALES CORP
	HONDA OF THE AVENUES	  	ISLAND MOTOR SALES
	HONDA VOLVO OF JOLIET	  	IVAN LEONARD CHEVROLET
	HOOVER AUTOMOTIVE LLC	  	J & M AFFORDABLE AUTO, INC.
	HOOVER CHRYSLER PLYMOUTH DODGE	  	J & M MOTORS LLC

			
	 DEALER NAME
	  	 DEALER NAME

	J&B AUTO SALES & BROKERAGE	  	JJDS AUTO WHOLE SALE LLC
	JACK DEMMER FORD, INC.	  	JK AUTOMOTIVE GROUP LLC
	JACK MAXTON CHEVROLET, INC	  	JOE COTTON FORD
	JACKIE MURPHY’S USED CARS	  	JOE DENNIS MOTORS, LLC
	JACK-SON AUTO SALES INC	  	JOE KIDD MITSUBISHI
	JACKSONVILLE AUTO LINK INC	  	JOE WINKLE’S AUTO SALES LLC
	JACKSONVILLE AUTO SALES LLC	  	JOHN BLEAKLEY FORD
	JACOBY MOTORS INC	  	JOHN FINGER MAZDA
	JADES AUTO SALE INC	  	JOHN HEISTER CHEVROLET
	JAKE SWEENEY CHEVROLET, INC	  	JOHN HIESTER CHEVROLET
	JAKE SWEENEY MAZDA WEST	  	JOHN HINDERER HONDA
	JAKE SWEENEY SMARTMART INC	  	JOHN JENKINS, INC.
	JAKMAX	  	JOHNNY WRIGHT AUTO SALES LLC
	JAMES TAYLOR AUTOPARK LLC	  	JOHNNYS MOTOR CARS LLC
	JAMESTOWN AUTO SALES INC	  	JOHNSON AUTOPLEX
	JARRETT FORD MERCURY	  	JOHNSON’S AUTO INC
	JARRETT FORD OF PLANT CITY	  	JOMAX AUTO SALES
	JARRETT GORDON FORD INC	  	JOSEPH CHEVROLET OLDSMOBILE CO
	JAX AUTO WHOLESALE, INC.	  	JOSEPH MOTORS
	JAY HONDA	  	JOSEPH TOYOTA INC.
	JC AUTOMAX	  	JT AUTO INC.
	JC LEWIS FORD, LLC	  	JULIANS AUTO SHOWCASE, INC.
	JEFF SCHMITT AUTO GROUP	  	JUST-IN-TIME AUTO SALES INC
	JEFF SCHMITT COLUMBUS INC	  	K & B FINANCIAL SERVICES INC
	JEFF WYLEF CHEVROLET OF	  	K T AUTO SALES LLC
	JEFF WYLER CHEVROLET, INC	  	KACHAR’S USED CARS, INC.
	JEFF WYLER CHRYSLER JEEP DODGE	  	KAHLER AUTO SALES LLC
	JEFF WYLER FAIRFIELD, INC	  	KALER LEASING SERVICES INC
	JEFF WYLER SPRINGFIELD, INC	  	KALS AUTO SALES, INC.
	JEFFREYS AUTO EXCHANGE	  	KAR CONNECTION
	JENKINS ACURA	  	KARL FLAMMER FORD
	JENKINS NISSAN, INC.	  	KATHY’S KARS
	JERRY HAGGERTY CHEVROLET INC	  	KAW VALLEY INDUSTRIAL INC
	JERRY HUNT AUTO SALES	  	KCK AUTO SALES
	JERRY WILSON’S MOTOR CARS	  	KDK AUTO BROKERS
	JIM COGDILL DODGE CO	  	KEFFER PRE-OWNED SOUTH
	JIM M LADY OLDSMOBILE INC	  	KEITH HAWTHORNE FORD OF
	JIM ORR AUTO SALES	  	KEITH HAWTHORNE HYUNDAI, LLC
	JIM SKINNER FORD INC	  	KEITH HAWTORNE FORD
	JIM WALDRON MILLER ROAD INC	  	KEITH PIERSON TOYOTA
	JIM WOODS AUTOMOTIVE, INC.	  	KELLEY BUICK GMC INC
	JIMMIE VICKERS INC.	  	KELLY FORD
	JIMMY BROCKMAN USED CARS	  	KELLY NISSAN INC
	JIMMY SMITH PONTIAC BUICK GMC	  	KENDALL TOYOTA

			
	 DEALER NAME
	  	 DEALER NAME

	KENNYS AUTO SALES, INC	  	LANGDALE HONDA KIA OF
	KEN’S AUTOS	  	LANGDALE HYUNDAI
	KENS KARS	  	LARRY JAY IMPORTS, INC
	KERNERSVILLE DODGE	  	LARRY’S USED CARS
	KEVINS CAR SALES	  	LASCO FORD INC
	KEY CHRYLSER PLYMOUTH INC	  	LAWRENCEBURG CHEVROLET INC
	KIA ATLANTA SOUTH	  	LEBANON FORD LINCOLN
	KIA COUNTRY OF SAVANNAH	  	LEE’S AUTO SALES, INC
	KIA OF GASTONIA	  	LEES SUMMIT NISSAN
	KIA TOWN CENTER	  	LEGACY FORD MERCURY
	KING AUTOMOTIVE, LLC	  	LEGACY MOTORS
	KING MOTORS	  	LEGACY MOTORS #2
	KINGDOM CHEVROLET INC	  	LEGACY TOYOTA
	KINGDOM MOTOR CARS	  	LEXUS OF PEMBROKE PINES
	KINGS FORD, INC	  	LGE CORP
	KINGS HONDA	  	LIBERTY AUTO CITY INC
	KINGS OF QUALITY AUTO SALES	  	LIBERTY FORD SOUTHWEST, INC
	KISSELBACK FORD	  	LIBERTY MOTORS LLC
	KLASSIC CARS LLC	  	LIBERTY USED MOTORS INC
	KMAX INC	  	LINCOLNWAY SALES & SERVICE LLC
	KNE MOTORS, INC.	  	LIPTON TOYOTA
	KNH WHOLESALE	  	LITTLE RIVER TRADING CO OF
	KNOX BUDGET CAR SALES & RENTAL	  	LOGANVILLE FORD
	KOE-MAK CORP	  	LONGSTREET AUTO
	KUHN MORGAN TOYOTA SCION	  	LOUDON MOTORS, INC
	KUNES COUNTY FORD OF ANTIOCH	  	LOWERY BROS. OVERSTOCK LLC
	L & M MOTORS, LLC	  	LOWEST PRICE TRANSPORTATION
	LA AUTO STAR, INC.	  	LUCKY LINE MOTORS INC
	LAFONTAINE AUTO GROUP	  	LUXOR AUTOMOTIVE INC
	LAFONTAINE VOLKSWAGEN OF	  	LUXURY AUTO DEPOT
	LAGRANGE MOTORS	  	LUXURY AUTO MALL
	LAKE HARTWELL HYUNDAI	  	LUXURY CARS & FINANCIAL, INC.
	LAKE NISSAN SALES, INC.	  	LUXURY IMPORTS AUTO SALES
	LAKE NORMAN MOTORS LLC	  	LYNN HINES USED CARS
	LAKE ST LOUIS AUTO	  	M & L MOTOR COMPANY, INC.
	LAKE VIEW MOTORS INC	  	M & M AUTO GROUP INC
	LAKELAND CAR COMPANY LLC	  	M & M AUTO SUPER STORE
	LAKELAND CHRYSLER DODGE	  	MACHADO AUTO SELL LLC
	LAKELAND NEW CAR ALTERNATIVE	  	MADINA AUTO BROKERS
	LAKESIDE AUTO SALES, INC.	  	MAGIC IMPORTS OF
	LALLY ORANGE BUICK PONTIAC GMC	  	MAHER CHEVROLET INC
	LANDERS MCLARTY SUBARU	  	MAINLAND AUTO SALES INC
	LANDMARK CDJ OF MONROE, LLC	  	MANASSAS AUTO TRUCK & TRACTOR
	LANE 1 MOTORS	  	MANASSAS AUTOMOBILE GALLERY

			
	 DEALER NAME
	  	 DEALER NAME

	MARANATHA AUTO	  	MGM AUTO SALES
	MARANATHA CAR CO	  	MIA REPOS LLC
	MARCH MOTORS INC.	  	MIAMI AUTO COLLECTION, INC
	MARIETTA AUTO MALL CENTER	  	MIAMI AUTO SHOW LLC
	MARK SWEENEY BUICK PONTIAC GMC	  	MIAMI CARS INTERNATIONAL INC
	MARLOZ OF HIGH POINT	  	MICHAEL’S MOTOR CO
	MARSHALL FORD	  	MID AMERICA AUTO EXCHANGE INC
	MARSHALL MOTORS OF FLORENCE	  	MID AMERICA AUTO GROUP
	MASTER CAR INTERNATIONAL, INC	  	MID ATLANTIC AUTO SALES INC
	MASTER CARS	  	MID RIVERS MOTORS
	MATHEWS BUDGET AUTO CENTER	  	MIDDLE TENNESSEE AUTO MART LLC
	MATHEWS FORD INC.	  	MIDFIELD MOTOR COMPANY, INC.
	MATHEWS FORD OREGON, INC	  	MIDSTATE MOTORS
	MATIA MOTORS, INC	  	MID-TOWN MOTORS LLC
	MATRIX AUTO SALES, INC.	  	MID-TOWNE AUTO CENTER, INC.
	MATTHEWS MOTORS INC.	  	MIDWAY AUTO GROUP
	MATTHEWS-HARGREAVES CHEVROLET	  	MIDWAY MOTORS
	MAXIE PRICE CHEVROLETS OLDS,	  	MIDWEST AUTO STORE LLC
	MAXIMUM DEALS, INC.	  	MIDWEST FINANCIAL SERVICES
	MAXKARS MOTORS	  	MIDWEST MOTORS & TIRES
	MAYSVILLE AUTO SALES	  	MIDWESTERN AUTO SALES, INC.
	MAZDA OF SOUTH CHARLOTTE	  	MIG CHRYSLER DODGE JEEP RAM
	MAZDA SAAB OF BEDFORD	  	MIKE BASS FORD
	MAZDA WESTSIDE	  	MIKE CASTRUCCI CHEVY OLDS
	MCABEE MOTORS	  	MIKE CASTRUCCI FORD OF ALEX
	MCCLARY FORD INC	  	MIKE CASTRUCCI FORD SALES
	MCCLUSKY AUTOMOTIVE LLC	  	MIKE REED CHEVROLET INC
	MCGHEE AUTO SALES INC.	  	MIKES TRUCKS AND CARS
	MCHUGH INC	  	MILE STRETCH AUTO SALES
	MCJ AUTO SALES OF CENTRAL FLOR	  	MILFORD MOTORS, INC
	MCKENNEY CHEVROLET	  	MILLENIUM AUTOMOTIVE GROUP
	MCKENNEY-SALINAS HONDA	  	MILNER O’QUINN FORD SALES INC
	MCVAY MOTORS, INC.	  	MILNES CHRYSLER DODGE JEEP
	MD AUTO SALES LLC	  	MILTON B PRICE
	MEADE BROTHERS AUTO LLC	  	MILTON DODGE CHRYSLER JEEP
	MECHANICSVILLE TOYOTA	  	MINIVAN SOURCE, INC.
	MEDINA AUTO BROKERS	  	MITCHELL MOTORS
	MEDLIN MOTORS, INC.	  	MJ AUTO SALES
	MELROSE PARK AUTO MALL	  	MLC MOTOR CARS
	MEMBERS SALES AND LEASING INC	  	MLC MOTORCARS
	METRO HONDA	  	MLM AUTOBROKERS LLC
	METRO IMPORTS INC	  	MODERN CORP
	METRO USED CARS	  	MONARCH CAR CORP
	METROLINA AUTO SALES INC	  	MONTGOMERY MOTORS

			
	 DEALER NAME
	  	 DEALER NAME

	MONZON AUTO SALES INC	  	NICKS AUTO MART
	MOODY MOTORS	  	NIMNICHT CHEVROLET
	MORGANS AUTO INC	  	NIMNICHT PONTIAC
	MOTOR CAR CONCEPTS II	  	NISSAN OF GALLATIN
	MOTOR CARS HONDA	  	NISSAN ON NICHOLASVILLE
	MOTOR WORLD INC	  	NISSAN SOUTH
	MOTORCARS TOYOTA	  	NITRO MOTORS LLC
	MOTORHOUSE INC	  	NORTH ATLANTA AUTO SUPERSTORE
	MOTORMAX OF GRAND RAPIDS	  	NORTH ATLANTA MOTORS LLC
	MOTORVATION MOTOR CARS	  	NORTH BROTHERS FORD, INC
	MR AUTO SALES	  	NORTH COAST AUTO MALL
	MR CAR LLC	  	NORTH POINT CHRYSLER JEEP
	MR DEALS AUTO SALES & SERVICE	  	NORTH POINT MOTORS, LLC
	MTS AUTO MALL, INC.	  	NORTHERN KENTUCKY AUTO SALES
	MUENSTERMAN MOTORS INC	  	NORTHSIDE AUTO SALES
	MULLINAX FORD OF PALM BEACH	  	NORTHWOODS AUTOMOTIVE
	MURPHY AUTO SALES	  	NOURSE CHILLICOTHE
	MURPHY MOTOR CO	  	NUMBER ONE IN RADIO ALARMS INC
	MURRAY’S USED CARS	  	OAKES AUTO INC
	MV AUTO SALES	  	OCEAN AUTO BROKERS
	MY CAR LLC	  	OCEAN HONDA
	N & D AUTO SALES, INC.	  	O’CONNOR AUTOMOTIVE, INC
	NALLEY HONDA	  	O’CONNORS AUTO OUTLER
	NALLEY INFINITI	  	O’DANIEL MOTOR SALES, INC.
	NAPLETON’S HYUNDAI	  	OHIO AUTO CREDIT
	NAPLETONS NISSAN/NAPLETONS	  	OHIO MOTORS, INC.
	NAPLETON’S NORTH PALM AUTO PK	  	OKOLONA MOTOR SALES
	NAPLETON’S RIVER OAKS CHRYSLER	  	OLATHE FORD SALES, INC.
	NAPLETON’S RIVER OAKS KIA	  	OLATHE KIA LLC
	NASHVILLE MOTOR CARS PREMIER	  	OLD SOUTH SALES INC.
	NATIONAL ADVANCE CORP	  	OLE BEN FRANKLIN MOTORS
	NATIONAL AUTO SALES	  	OLIVER C. JOSEPH, INC.
	NATIONAL CAR MART, INC	  	ON THE ROAD AGAIN, INC.
	NATIONAL ROAD AUTOMOTIVE LLC	  	ON TRACK AUTO MALL, INC.
	NELSON AUTO GROUP	  	ONYX MOTORS
	NELSON AUTO SALES	  	ORLANDO AUTOMOTIVE GROUP LLC
	NELSON MAZDA	  	ORLANDO AUTOS
	NELSON MAZDA RIVERGATE	  	OSCAR MOTORS CORPORATION
	NEW CENTURY AUTO SALES INC	  	OVERLAND PARK MAZDA
	NEW GENERATION MOTORS INC	  	OXMOOR FORD LINCOLN MERCURY
	NEWPORT AUTO GROUP	  	OXMOOR HYUNDAI
	NEWTON’S AUTO SALES, INC.	  	OXMOOR MAZDA
	NEXT CAR INC	  	P & C MOTOR INC
	NICHOLAS DATA SERVICES, INC.	  	PACE CAR

			
	 DEALER NAME
	  	 DEALER NAME

	PACE CHEVROLET BUICK GMC	  	PINEVILLE IMPORTS
	PACE MOTOR COMPANY	  	PLAINFIELD AUTO SALES, INC.
	PALM AUTOMOTIVE GROUP	  	PLAINFIELD FAMILY AUTO & REPAI
	PALM BAY FORD	  	PLAZA LINCOLN MERCURY
	PALM BAY MOTORS	  	PLAZA PONTIAC BUICK GMC INC
	PALM BEACH AUTO DIRECT	  	PORTAL AUTOMOTIVE INC
	PALM CHEVROLET	  	POTAMKIN HYUNDAI, INC.
	PALM CHEVROLET OF GAINESVILLE	  	PREFERRED AUTO
	PALM COAST FORD	  	PREMIER AUTO BROKERS, INC.
	PALMETTO FORD	  	PREMIER AUTO EXCHANGE
	PALMETTO WHOLESALE MOTORS	  	PREMIER AUTOWORKS SALES &
	PAPPADAKIS CHRYSLER DODGE JEEP	  	PREMIER MOTORCAR GALLERY
	PAQUET AUTO SALES	  	PREMIERE CHEVROLET, INC.
	PARADISE MOTOR SPORTS	  	PREMIUM AUTO BY RENT
	PARAMOUNT AUTO	  	PREMIUM MOTORS LLC
	PARK AUTO MALL, INC	  	PRESTIGE AUTO MALL
	PARKS AUTOMOTIVE, INC	  	PRESTIGE AUTO SALES II INC
	PARKS CHEVROLET - GEO	  	PRESTIGE MOTORS
	PARKS CHEVROLET, INC	  	PRESTIGE MOTORS OF VIERA
	PARKWAY MITSUBISHI	  	PRESTON AUTO OUTLET
	PARKWAY MOTORS INC	  	PRICE RIGHT STERLING HEIGHTS
	PARKWAY MOTORS INC	  	PRICED RIGHT CARS, INC
	PATRICK O’BRIEN JR CHEVROLET	  	PRICELESS AUTO SALES
	PAUL CERAME KIA	  	PRIME MOTORS INC
	PAUL CLARK ENTERPRISES INC	  	PRIME MOTORS, INC.
	PAUL MILLER FORD, INC.	  	PRIME TIME MOTORS LLC
	PAYLESS MOTORS LLC	  	PRO MOTION CO INC
	PCT ENTERPRISES OF FLORIDA LLC	  	PROCAR
	PEACH MOTORS LLC	  	PROFESSIONAL AUTO SALES
	PEGGY’S AUTO SALES	  	PROVIDENCE AUTO GROUP LLC
	PELHAM’S AUTO SALES	  	QUALITY CARS INC
	PENSACOLA AUTO BROKERS, INC	  	QUALITY IMPORTS
	PERFORMANCE CHEVROLET BMW	  	QUALITY PLUS MOTOR
	PERFORMANCE CHRYSLER JEEP DODG	  	R & B CAR COMPANY
	PERFORMANCE GMC OF	  	R & W AUTOMOTIVE SALES, INC.
	PERFORMANCE HONDA	  	R & Z 2 AUTO SALES
	PETE MOORE CHEVROLET, INC	  	R.H. CARS, INC.
	PETE MOORE IMPORTS, INC	  	RAD MOTORSPORTS LLC
	PETERS AUTO SALES, INC.	  	RALEIGH PRE-OWNED INC
	PHILLIPS CHRYSLER-JEEP, INC	  	RANKL & RIES MOTORCARS, INC
	PHILMARK INC	  	RAY CHEVROLET
	PHOENIX SPECIALTY MOTORS CORP	  	RAY SKILLMAN EASTSIDE
	PILES CHEV-OLDS-PONT-BUICK	  	RAY SKILLMAN FORD INC.
	PINELLAS MOTORS INC	  	RAY SKILLMAN OLDSMOBILE AND

			
	 DEALER NAME
	  	 DEALER NAME

	RAY SKILLMAN WESTSIDE	  	ROUNTREE-MOORE INC
	RAYMOND CHEVROLET KIA	  	ROUSH HONDA
	RE BARBER FORD INC	  	ROUTE 4 BUDGET AUTO
	READY CARS INC	  	ROY O’BRIEN, INC
	REALITY AUTO SALES INC	  	ROYAL AUTO SALES
	REDMOND AUTOMOTIVE	  	ROYAL OAK FORD SALES, INC.
	REDSKIN AUTO SALES INC	  	RP AUTOMOTIVE LLC
	REGAL PONTIAC, INC.	  	RPM AUTO SALES
	REGIONAL WHOLESALE	  	RT 177 AUTO SALES INC
	RENEWIT CAR CARE	  	RUSSELL AUTO SALES
	REVOLUTION MOTORS LLC	  	RYAN’S AUTO SALES
	RFJ ENTERPRISES LLC	  	S S AUTO INC
	RICART FORD USED	  	SABISTON MCCABE AUTO SOLUTIONS
	RICE AUTO SALES	  	SAM GALLOWAY FORD INC.
	RICE TOYOTA	  	SANDERSON AUTO SALES INC
	RICHARD HUGES AUTO SALES	  	SANDY SANSING MAZDA INC
	RICHMOND FORD	  	SANSING CHEVROLET, INC
	RICK CASE ATLANTA	  	SAULS MOTOR COMPANY, INC.
	RICK HENDRICK CHEVROLET	  	SAVANNAH AUTO
	RIDE AMERICA AUTO SALES	  	SAVANNAH AUTOMOTIVE GROUP
	RIDE TIME, INC.	  	SAVANNAH SPORTS AND IMPORTS
	RIGHT PRICE MOTORS, INC	  	SAVANNAH TOYOTA & SCION
	RIGHTWAY AUTOMOTIVE CREDIT	  	SC AUTO SALES
	RIGHTWAY AUTOMOTIVE CREDIT	  	SCARRITT MOTORS INC
	RIGHTWAY AUTOMOTIVE CREDIT	  	SCHAUMBURG HYUNDAI
	RIGHTWAY AUTOMOTIVE CREDIT	  	SCOGGINS CHEVROLET OLDS BUICK
	RIOS MOTORS	  	SELECT AUTO SALES
	RIVERSIDE MOTORS, INC	  	SELECT AUTO SALES
	RIVIERA AUTO SALES SOUTH, INC.	  	SELECT MOTORS OF TAMPA INC.
	RIV’S MOTORSPORTS	  	SELECTIVE AUTO & ACCESSORIES
	RML HUNTSVILLE AL AUTOMOTIVE	  	SELECTIVE AUTO SOURCE
	ROB PARTELO’S WINNERS	  	SERRA NISSAN VOLKSWAGON
	ROBERT LEE AUTO SALES INC	  	SHAD MITSUBISHI
	ROCK BOTTOM AUTO SALES, INC.	  	SHAMRA LLC
	ROCKENBACH CHEVROLET SALES INC	  	SHARP CARS OF INDY
	ROD HATFIELD CHRYSLER DGE JEEP	  	SHAWNEE MOTORS GROUP
	ROGER WILLIAMS AUTO SALES	  	SHEEHAN PONTIAC
	ROGER WILSON MOTORS INC	  	SHEEHY FORD INC
	RON BUTLER MOTORS, LLC	  	SHERDAN ENTERPRISES LLC
	ROSE CITY MOTORS	  	SHERMAN DODGE
	ROSEN HYUNDAI OF ALGONQUIN LLC	  	SHERWOOD AUTO & CAMPER SALES
	ROSEN NISSAN	  	SHERWOOD OF SALISBURY INC
	ROSS’S AUTO SALES	  	SHOALS UNIVERSITY KIA
	ROUEN MOTORWORKS LTD	  	SHOOK AUTO INC

			
	 DEALER NAME
	  	 DEALER NAME

	SHORELINE AUTO CENTER INC	  	STAR AUTO SALES
	SHOW ME AUTO MALL INC	  	STAR MOTORS
	SHUTT ENTERPRISES INC	  	STARK AUTO GROUP
	SIGN & DRIVE AUTO SALES LLC	  	STARK AUTO SALES
	SIGN & DRIVE MOTORS LLC	  	STARRS CARS AND TRUCKS, INC
	SIGNATURE MOTORS USA LLC	  	STATE AUT GROUP LLC
	SIMON SAYS ETC CORP	  	STATE STREET AUTO SALES
	SIMPLE AUTO SOLUTIONS LLC	  	STATELINE CHRYSLER DODGE JEEP
	SIMS BUICK PONTIAC, LLC	  	STEARNS MOTORS OF NAPLES
	SINA AUTO SALES, INC.	  	STEELY LEASE SALES
	SINCLAIR DAVE LINCOLN MERCURY	  	STEPHEN A FINN AUTO BROKER
	SKY AUTOMOTIVE GROUP CORP	  	STERLING AUTO SALES
	SMH AUTO	  	STEVE AUSTINS AUTO GROUP INC
	SMITHFIELD AUTO & TRUCK CENTER	  	STEVE RAYMAN CHEVROLET, LLC
	SNAP CAR BUYING	  	STEWART AUTO GROUP OF
	SOLAR AUTO SALES INC	  	STEWART MOTORS
	SOUTH BEACH MOTOR CARS	  	STINGRAY CHEVROLET BARTOW LLC
	SOUTH COUNTY AUTO PLAZA	  	STL AUTO BROKERS
	SOUTH DADE TOYOTA	  	STOKES AUTOMOTIVE INC
	SOUTH I-75 CHRYSLER DODGE JEEP	  	STOKES BROWN TOYOTA SCION
	SOUTH MOTOR COMPANY OF DADE	  	STOKES HONDA CARS OF BEAUFORT
	SOUTH MOTORS HONDA	  	STOKES KIA
	SOUTHEAST JEEP EAGLE	  	STOKES MAZDA
	SOUTHERN AUTO BROKERS	  	STONECREST TOYOTA
	SOUTHERN AUTOMOTIVE ENTERPRISE	  	STREETLIGHT AUTO SALES, INC.
	SOUTHERN CUSTOM MOTORS	  	STUCKEY’S CHEVROLET BUICK
	SOUTHERN STAR AUTOMOTIVE	  	SUBARU CONCORD
	SOUTHERN STATES NISSAN, INC.	  	SUBARU OF MCDONOUGH, LLC
	SOUTHERN TRUST AUTO SALES	  	SUBARU OF PEMBROKE PINES
	SOUTHFIELD JEEP-EAGLE, INC.	  	SUBURBAN AUTO SALES
	SOUTHGATE FORD	  	SUBURBAN CHRYSLER JEEP DODGE
	SOUTHPORT MOTORS	  	SUMMIT PRE-OWNED OF RALEIGH
	SOUTHTOWNE ISUZU	  	SUN HONDA
	SPACE & ROCKET AUTO SALES	  	SUN STATE AUTO INC
	SPIRIT CHEVROLET-BUICK INC.	  	SUN TOYOTA
	SPIRIT FORD INC	  	SUNCOAST FLORIDA AUTO SALES
	SPITZER DODGE	  	SUNCOAST KIA
	SPITZER MOTOR CITY	  	SUNFLOWER AUTO PLAZA LLC
	SPORT MITSUBISHI	  	SUNSET CHEVROLET INC.
	SPORTS AND IMPORTS, INC.	  	SUNSET MOTORS
	SPORTS CENTER IMPORTS INC	  	SUNSHINE AUTO BROKERS INC
	ST LOUIS AUTO BROKERS	  	SUNSTATE FORD
	ST LOUIS CARS & CREDIT INC	  	SUNTRUP NISSAN VOLKSWAGEN
	STANFIELD AUTO SALES	  	SUPER AUTO SALES

			
	 DEALER NAME
	  	 DEALER NAME

	SUPER AUTO SALES	  	THE CAR CABANA OF
	SUPER AUTOS MIAMI	  	THE CAR CENTER
	SUPERIOR ACURA	  	THE CAR CENTER, LLC
	SUPERIOR AUTO SALES	  	THE CAR CONNECTION, INC.
	SUPERIOR HYUNDAI SOUTH	  	THE CAR SHACK
	SUPERIOR KIA	  	THE CAR SHOPPE LLC
	SUPERIOR MOTORS NORTH	  	THE CAR STORE INC.
	SUPERIOR PONTIAC BUICK GMC,INC	  	THE CORNER AUTO SALES
	SUPERSTORE BUYHERE PAYHERE LLC	  	THE LUXURY AUTOHAUS INC.
	SUSKI CHEVROLET BUICK INC	  	THE MOTOR GROUP LLC
	SUSKI USED CARS LLC	  	THE REPO STORE
	SUSKIS AUTO SALES	  	THE TRUCK JUNCTION, INC
	SUTHERLIN NISSAN MALL OF GA.	  	THE WHOLESALE OUTLET INC
	SUTHERLIN NISSAN OF FT. MYERS	  	THOMAS AUTO MART, INC.
	SUZUKI OF NASHVILLE	  	THOMASVILLE TOYOTA
	SWEENEY BUICK PONTIAC GMC	  	THORNTON CHEVROLET, INC
	TAMIAMI FORD, INC.	  	THOROUGHBRED FORD INC
	TAMPA HONDALAND	  	THRIFTY OF GRAND RAPIDS
	TAMPABAYAUTOS.NET	  	TIFFIN FORD LINCOLN MERCURY
	TARGET AUTOMOTIVE	  	TILLMAN AUTO LLC
	TAYLOR AUTO SALES INC.	  	TIM FRENCH SUPER STORES, LLC
	TAYLOR MORGAN INC	  	TKP AUTO SALES INC
	TAYLOR’S AUTO SALES	  	TOM BUSH AUTO PLEX
	TDR AUTO PLAZA LLC	  	TOM DAVID MOTORS, INC.
	TEAM AUTOMOTIVE	  	TOM GILL CHEVROLET
	TEAM HONDA	  	TOM HOLZER FORD
	TEAM NISSAN OF MARIETTA	  	TOM KELLEY BUICK GMC PONTIAC
	TED A REA INC	  	TOM STENHOUWER AUTO SALES INC
	TED CIANOS USED CAR CENTER	  	TONY ON WHEELS INC
	TENA AUTOMOTIVE LLC	  	TONY’S AUTO SALES OF
	TENNESSEE AUTO SALES	  	TOP CHOICE AUTO
	TENNYSON CHEVROLET, INC.	  	TOP GUN AUTO SALES LLC
	TERRE HAUTE AUTO AND EQUIPMENT	  	TOTAL CYCLE CARE INC
	TERRY CULLEN CHEVROLET	  	TOWN & COUNTRY AUTO & TRUCK
	TERRY LABONTE CHEVROLET	  	TOWN & COUNTRY AUTO SALES, LLC
	TESSONE MOTORS SALES INC	  	TOWNE AUTO BROKERS
	THE 3445 CAR STORE, INC.	  	TOWNE EAST AUTO
	THE AUTO GROUP LLC	  	TOWNSEND IMPORTS
	THE AUTO PARK INC	  	TOYOTA OF CINCINNATI
	THE AUTO STORE	  	TOYOTA OF GOLDSBORO
	THE AUTO STORE	  	TOYOTA OF HOLLYWOOD
	THE AUTO STORE	  	TOYOTA OF LOUISVILLE, INC.
	THE AUTOBLOCK	  	TOYOTA OF MUNCIE
	THE CAR BARN	  	TOYOTA WEST/SCION WEST

			
	 DEALER NAME
	  	 DEALER NAME

	TRIAD AUTOPLEX	  	VANTAGE MOTORS LLC
	TRI-CITY AUTO MART	  	VAS
	TRI-COUNTY CHRYSLER PRODUCTS	  	VELOCITY MOTORS INC
	TRIDENT AUTOMOTIVE	  	VERACITY MOTOR COMPANY LLC
	TRINITY AUTOMOTIVE	  	VIC CANEVER CHEVROLET INC
	TROPICAL AUTO OUTLET	  	VICTORIA MOTORS, LLC
	TROPICAL AUTO SALES	  	VICTORY AUTO EXPRESS INC
	TROUTMAN MOTORS, INC.	  	VICTORY CHEVROLET LLC
	TROY FORD INC	  	VICTORY HONDA OF MONROE
	TRYON AUTO MALL	  	VICTORY HONDA OF PLYMOUTH
	TWIN CITY CARS INC	  	VILLAGE AUTOMOTIVE
	TWISTED METAL MOTORS LLC	  	VINCE WHIBBS PONTIAC-GMC
	U.S. AUTO GROUP, INC.	  	VIP AUTO ENTERPRISES INC
	U-DRIVE	  	VIP AUTO GROUP, INC.
	U-DRIVE AUTO LLC	  	VIP AUTO SALES
	UNIQUE AUTO EXCHANGE INC	  	VIRGINA MOTOR CO.
	UNITED AUTO SALES	  	VIZION AUTO
	UNITED SALES AND LEASING, INC	  	VOGUE MOTOR CO INC
	UNITED VEHICLE SALES	  	VOLVO OF FT. MYERS
	UNIVERSAL AUTO PLAZA	  	VOLVO OF OCALA
	UNIVERSITY HYUNDAI OF DECATUR	  	VOSS CHEVROLET INC
	UNIVERSITY NISSAN	  	VULCAN MOTORS LLC
	UNLIMITED AUTOMOTIVE	  	VW OF ORANGE PARK
	UNWIN AUTO SALES LLC	  	WADE FORD INC
	UPPER MARLBORO FORD LLC	  	WADKINS CARS & TRUCKS INC
	US 1 CHRYSLER DODGE JEEP	  	WAGNER SUBARU
	US AUTO MART INC	  	WALDEN AUTOMOTIVE ENTERPRISES
	US MOTORS	  	WALDORF FORD, INC.
	USA AUTO & LENDING INC	  	WALKER AUTO GROUP
	USA AUTO & TRUCK, INC.	  	WALKER FORD CO., INC.
	USA MOTORCARS	  	WALSH AUTO BODY, INC
	USED AUTO IMPORTS OF FLORIDA	  	WALSH HONDA
	USED CAR FACTORY INC	  	WALT SWEENEY FORD, INC
	USED CAR SUPERMARKET	  	WALTERS AUTO SALES AND RENTALS
	V & V AUTO CENTER INC	  	WANTED WHEELS INC
	VA CARS INC	  	WARSAW BUICK GMC
	VADEN NISSAN, INC.	  	WASHINGTON BLVD MOTORS
	VALLEY MITSUBISHI	  	WAYNE THOMAS CHEVROLET, INC.
	VAN PAEMEL SALES	  	WAYNESVILLE AUTO MART
	VANN YORK NISSAN, INC.	  	WE-FI MOTORS LLC
	VANN YORK PONTIAC BUICK GMC	  	WEINE AUTO SALES EAST
	VANN YORK PONTIAC, INC.	  	WEINLE AUTO SALES
	VANN YORK TOYOTA, INC	  	WEST CLAY MOTOR COMPANY LLC
	VANS AUTO SALES	  	WEST COAST CAR & TRUCK SALES

			
	 DEALER NAME
	  	 DEALER NAME

	WEST COUNTY NISSAN LLC	  	WINDSOR AUTO SALES
	WEST END AUTO SALES & SERVICE	  	WINTER PARK AUTO EXCHANGE INC
	WEST KENDALL TOYOTA	  	WINTER PARK AUTO MALL CORP
	WEST SIDE TOYOTA	  	WOODBRIDGE MOTORS, INC.
	WESTSIDE AUTO	  	WORLD AUTO NET INC
	WESTSIDE MOTOR CO	  	WORLD CLASS MOTORS
	WHEEL UNIK AUTOMOTIVE &	  	WORLEY AUTO SALES
	WHEELS & DEALS AUTO SALES	  	WOW CAR COMPANY
	WHEELS & DEALS AUTO SALES OF	  	WWW.GETAUCTIONCARS.COM
	WHEELS & MOTORS LLC	  	WYRICK AUTO SALES
	WHEELS FOR SALE BY OWNER &	  	XL1 MOTORSPORTS, INC
	WHEELS MOTOR SALES	  	YADKIN ROAD AUTO MART
	WHITE ALLEN CHEVROLET SUBARU	  	YARK AUTOMOTIVE GROUP, INC
	WHITEWATER MOTOR COMPANY INC	  	YERTON LEASING & AUTO SALES
	WHOLESALE DIRECT	  	YOUR DEAL AUTOMOTIVE
	WHOLESALE, INC	  	ZAPPIA MOTORS
	WILDWOOD MOTORS	  	ZEIGLER CHRYSLER DODGE JEEP
	WILLETT HONDA SOUTH	  	
	WILMINGTON AUTO CENTERAsset Purchase Agreement

 Exhibit 10.1 

EXECUTION VERSION 
 ASSET
PURCHASE AGREEMENT 
 by and between 

GRAPHIC PACKAGING INTERNATIONAL, INC., 

BLUEGRASS LABELS COMPANY, LLC 

and 
 MCC-NORWOOD, LLC 

Dated as of February 1, 2014 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 Article I Definitions
	  	 	1	  
	 1.01
	 	 Definitions
	  	 	1	  
	 1.02
	 	 Interpretation
	  	 	7	  
	 Article II Purchase and Sale, Purchase Price, Allocation and Other Related Matters
	  	 	7	  
	 2.01
	 	 Purchase and Sale
	  	 	7	  
	 2.02
	 	 Purchase Price
	  	 	10	  
	 2.03
	 	 Determination of Adjustment Amount
	  	 	10	  
	 2.04
	 	 Purchase Price Settlement
	  	 	12	  
	 2.05
	 	 Assumed Liabilities; Retained Liabilities
	  	 	12	  
	 2.06
	 	 Sales and Transfer Taxes
	  	 	14	  
	 2.07
	 	 Allocation of Purchase Price
	  	 	14	  
	 2.08
	 	 Prorations and Adjustments
	  	 	15	  
	 Article III Closing and Closing Date Deliveries
	  	 	15	  
	 3.01
	 	 Closing
	  	 	15	  
	 3.02
	 	 Closing Deliveries by Sellers
	  	 	15	  
	 3.03
	 	 Closing Deliveries by Buyer
	  	 	16	  
	 3.04
	 	 Cooperation
	  	 	17	  
	 Article IV Representations and Warranties of Sellers
	  	 	17	  
	 4.01
	 	 Authority
	  	 	17	  
	 4.02
	 	 Due Formation and Qualification; Equity Interests
	  	 	18	  
	 4.03
	 	 No Violations and Consents
	  	 	18	  
	 4.04
	 	 Financial Statements
	  	 	18	  
	 4.05
	 	 Material Changes in the Business
	  	 	19	  
	 4.06
	 	 Assets
	  	 	20	  
	 4.07
	 	 Contracts
	  	 	20	  
	 4.08
	 	 Real Property
	  	 	21	  
	 4.09
	 	 Title to Tangible Personal Property
	  	 	22	  
	 4.10
	 	 Accounts Receivable
	  	 	23	  
	 4.11
	 	 Litigation
	  	 	23	  
	 4.12
	 	 Compliance With Laws
	  	 	23	  
	 4.13
	 	 Labor Matters
	  	 	23	  
	 4.14
	 	 Employee Benefit Matters
	  	 	24	  
	 4.15
	 	 Taxes
	  	 	25	  
	 4.16
	 	 Licenses and Permits
	  	 	25	  
	 4.17
	 	 Environmental Matters
	  	 	26	  
	 4.18
	 	 Brokers
	  	 	27	  
	 4.19
	 	 Insurance
	  	 	27	  
	 4.20
	 	 Intellectual Property
	  	 	27	  
	 4.21
	 	 Inventory
	  	 	28	  
	 4.22
	 	 Product Warranties
	  	 	28	  
	 4.23
	 	 Certain Business Relationships with the Business
	  	 	28	  
	 4.24
	 	 Customers; Suppliers
	  	 	28	  
	 Article V Representations and Warranties of Buyer
	  	 	29	  
	 5.01
	 	 Due Formation
	  	 	29	  

  
 - i - 

							
	 5.02
	 	 Authority
	  	 	29	  
	 5.03
	 	 No Violations
	  	 	29	  
	 5.04
	 	 Brokers
	  	 	29	  
	 5.05
	 	 Litigation
	  	 	29	  
	 5.06
	 	 Financial Ability
	  	 	30	  
	 Article VI Certain Covenants
	  	 	30	  
	 6.01
	 	 Government Filings
	  	 	30	  
	 6.02
	 	 Access to Records
	  	 	30	  
	 6.03
	 	 Conduct Pending Closing
	  	 	31	  
	 6.04
	 	 Consents
	  	 	32	  
	 6.05
	 	 Investigation
	  	 	32	  
	 6.06
	 	 Commercially Reasonable Efforts
	  	 	32	  
	 6.07
	 	 Cooperation with Financing
	  	 	32	  
	 6.08
	 	 Exclusivity
	  	 	33	  
	 6.09
	 	 Notice of Developments
	  	 	33	  
	 6.10
	 	 Environmental Matters
	  	 	33	  
	 6.11
	 	 [Intentionally Omitted]
	  	 	35	  
	 6.12
	 	 Make Good Provision
	  	 	35	  
	 6.13
	 	 Tax Matters
	  	 	35	  
	 Article VII Conditions to Closing Applicable to Buyer
	  	 	36	  
	 7.01
	 	 Bring-Down of Sellers Warranties and Covenants
	  	 	36	  
	 7.02
	 	 No Order
	  	 	36	  
	 7.03
	 	 Compliance with HSR Act
	  	 	36	  
	 7.04
	 	 Closing Deliverables
	  	 	36	  
	 Article VIII Conditions to Closing Applicable to Sellers
	  	 	37	  
	 8.01
	 	 Bring-Down of Buyer Warranties and Covenants
	  	 	37	  
	 8.02
	 	 No Order
	  	 	37	  
	 8.03
	 	 Payment of the Closing Payment
	  	 	37	  
	 8.04
	 	 Compliance with HSR Act
	  	 	37	  
	 8.05
	 	 Closing Deliverables
	  	 	37	  
	 Article IX Termination
	  	 	37	  
	 9.01
	 	 Termination
	  	 	37	  
	 9.02
	 	 Effect of Termination
	  	 	38	  
	 Article X Indemnification
	  	 	38	  
	 10.01
	 	 Survival
	  	 	38	  
	 10.02
	 	 GPII Indemnification
	  	 	38	  
	 10.03
	 	 Limitations
	  	 	39	  
	 10.04
	 	 Buyer Indemnification
	  	 	40	  
	 10.05
	 	 Indemnification Notice
	  	 	40	  
	 10.06
	 	 Indemnification Procedure
	  	 	41	  
	 10.07
	 	 Effect of Indemnity Payments
	  	 	41	  
	 10.08
	 	 Exclusive Remedy
	  	 	41	  
	 10.09
	 	 Escrow
	  	 	42	  
	 10.10
	 	 Norwood Expense Notices
	  	 	42	  
	 Article XI Employee Matters
	  	 	42	  
	 11.01
	 	 Employment of Employees
	  	 	42	  

  
 - ii - 

							
	 11.02
	 	 Sellers’ Employee Plans
	  	 	43	  
	 11.03
	 	 COBRA; WARN Act
	  	 	43	  
	 11.04
	 	 Wage Reporting
	  	 	43	  
	 11.05
	 	 Vacation
	  	 	44	  
	 11.06
	 	 Buyer’s Employee Plans
	  	 	44	  
	 11.07
	 	 Management Incentive Plan
	  	 	44	  
	 11.08
	 	 Effect of Agreement
	  	 	44	  
	 Article XII Certain Other Understandings
	  	 	44	  
	 12.01
	 	 Post-Closing Access to Records and Records Retention
	  	 	44	  
	 12.02
	 	 Consents Not Obtained at Closing
	  	 	45	  
	 12.03
	 	 Bulk Sale Waiver
	  	 	46	  
	 12.04
	 	 Use of Business Names
	  	 	46	  
	 12.05
	 	 Communications and Remittances
	  	 	46	  
	 Article XIII Miscellaneous
	  	 	47	  
	 13.01
	 	 Cost and Expenses
	  	 	47	  
	 13.02
	 	 Entire Agreement
	  	 	47	  
	 13.03
	 	 Counterparts
	  	 	47	  
	 13.04
	 	 Assignment, Successors and Assigns
	  	 	47	  
	 13.05
	 	 Severability
	  	 	47	  
	 13.06
	 	 Headings
	  	 	47	  
	 13.07
	 	 Governing Law
	  	 	48	  
	 13.08
	 	 Press Releases
	  	 	48	  
	 13.09
	 	 U.S. Dollars
	  	 	48	  
	 13.10
	 	 Notices
	  	 	48	  
	 13.11
	 	 No Third Party Beneficiaries
	  	 	49	  
	 13.12
	 	 Jurisdiction and Consent to Service
	  	 	49	  
	 13.13
	 	 Equitable Remedies
	  	 	50	  
	 13.14
	 	 WAIVER OF A JURY TRIAL
	  	 	50	  
	 13.15
	 	 No Presumption Against Drafter
	  	 	50	  
	 13.16
	 	 Parent Guaranty
	  	 	50	  

  

  
 - iii - 

 INDEX OF DEFINED TERMS 

 

					
	 Term
	  	Page	 
	 Accounting Principles
	  	 	1	  
	 Accounts Receivable
	  	 	8	  
	 Adjustment Amount
	  	 	12	  
	 Adjustment Report
	  	 	11	  
	 Affiliate
	  	 	1	  
	 Agreement
	  	 	1	  
	 Antitrust Laws
	  	 	1	  
	 Assignment of Intellectual Property
	  	 	16	  
	 Assumed Contracts
	  	 	8	  
	 Assumed Liabilities
	  	 	13	  
	 Assumed Net Debt
	  	 	2	  
	 Assumed Net Debt Difference
	  	 	2	  
	 Bill of Sale
	  	 	16	  
	 Business
	  	 	2	  
	 Business Day
	  	 	2	  
	 Business Employees
	  	 	43	  
	 Business Intellectual Property
	  	 	2	  
	 Business Real Property
	  	 	2	  
	 Buyer
	  	 	1	  
	 Buyer Indemnitees
	  	 	39	  
	 Buyer Material Adverse Effect
	  	 	2	  
	 CERCLA
	  	 	3	  
	 Closing
	  	 	15	  
	 Closing Balance Sheet
	  	 	11	  
	 Closing Date
	  	 	15	  
	 Closing Date Consideration Calculation Certificate
	  	 	10	  
	 Closing Payment
	  	 	10	  
	 CNS
	  	 	34	  
	 COBRA
	  	 	44	  
	 Code
	  	 	2	  
	 Confidentiality Agreement
	  	 	2	  
	 Consents
	  	 	32	  
	 Consultant
	  	 	34	  
	 Deductible
	  	 	40	  
	 Disclosure Letter
	  	 	2	  
	 DOJ
	  	 	30	  
	 Employee Plan
	  	 	3	  
	 End Date
	  	 	38	  
	 Environmental Laws
	  	 	3	  
	 Environmental Permits
	  	 	26	  
	 Environmental Representations
	  	 	39	  
	 ERISA
	  	 	25	  

 

					
	 Term
	  	Page	 
	 Escrow Agent
	  	 	17	  
	 Escrow Agreement
	  	 	17	  
	 Escrow Amount
	  	 	10	  
	 Estimated Assumed Net Debt
	  	 	11	  
	 Estimated Closing Balance Sheet
	  	 	10	  
	 Expense Notice
	  	 	42	  
	 Expiration Date
	  	 	39	  
	 Facilities
	  	 	1	  
	 Financial Effective Time
	  	 	3	  
	 Financial Statements
	  	 	3	  
	 FTC
	  	 	30	  
	 Fundamental Representations
	  	 	39	  
	 GAAP
	  	 	3	  
	 Governmental Authority
	  	 	3	  
	 GPII
	  	 	1	  
	 Greensboro Facility
	  	 	1	  
	 Greensboro Lease Agreements
	  	 	3	  
	 Greensboro Warehouse Facility
	  	 	1	  
	 Hazardous Substances
	  	 	3	  
	 HSR Act
	  	 	4	  
	 Improvements
	  	 	23	  
	 Indebtedness
	  	 	4	  
	 Indemnified Party
	  	 	41	  
	 Indemnifying Party
	  	 	41	  
	 Independent Auditors
	  	 	12	  
	 Initial Phase-out Period
	  	 	46	  
	 Instrument of Assumption
	  	 	16	  
	 Intellectual Property Rights
	  	 	4	  
	 Interim Financial Statements
	  	 	3	  
	 Inventory
	  	 	4	  
	 IRS
	  	 	4	  
	 Knowledge of Sellers
	  	 	4	  
	 Labels Company
	  	 	1	  
	 Law
	  	 	4	  
	 Lease Agreements
	  	 	22	  
	 Leased Real Property
	  	 	4	  
	 Lien
	  	 	5	  
	 Losses
	  	 	39	  
	 Material Adverse Effect
	  	 	5	  
	 Material Contracts
	  	 	20	  
	 Most Recent Balance Sheet Date
	  	 	5	  
	 NFA
	  	 	34	  
	 Non-competition Agreement
	  	 	16	  

 
 

  
 - i - 

 

					
	 Norwood Deed
	  	 	16	  
	 Norwood Facility
	  	 	1	  
	 Norwood Remediation
	  	 	35	  
	 Norwood Remediation Expenses
	  	 	5	  
	 Notice of Claim
	  	 	41	  
	 OAC
	  	 	34	  
	 ORC
	  	 	34	  
	 Order
	  	 	5	  
	 Ordinary Course
	  	 	6	  
	 Owned Real Property
	  	 	6	  
	 Parent
	  	 	1	  
	 Parent Guaranty
	  	 	51	  
	 Party
	  	 	6	  
	 Permits
	  	 	26	  
	 Permitted Exceptions
	  	 	6	  
	 Permitted Norwood Phase II
	  	 	34	  
	 Person
	  	 	6	  
	 Post-Closing Assumed Net Debt Certificate
	  	 	11	  
	 Pre-Closing Environmental Matters
	  	 	6	  
	 Proceeding
	  	 	23	  
	 Prorated Amounts
	  	 	11	  
	 Proration Adjustment
	  	 	6	  
	 Proration Certificate
	  	 	11	  

 

					
	 Purchase Price
	  	 	10	  
	 Purchase Price Allocation Schedule
	  	 	15	  
	 Purchased Assets
	  	 	8	  
	 Remediation Consultant
	  	 	34	  
	 Remediation Standards
	  	 	34	  
	 Retained Assets
	  	 	9	  
	 Retained Liabilities
	  	 	13	  
	 Seller Employee Plans
	  	 	25	  
	 Seller Indemnitees
	  	 	41	  
	 Sellers
	  	 	1	  
	 Settlement Agreement
	  	 	17	  
	 Settlement Date
	  	 	12	  
	 Successor Liability Taxes
	  	 	26	  
	 Taxes
	  	 	7	  
	 Taxing Authority
	  	 	7	  
	 Transaction Documents
	  	 	7	  
	 Transfer Taxes
	  	 	14	  
	 Transferred Employees
	  	 	43	  
	 Transition Services Agreement
	  	 	7	  
	 Union
	  	 	14	  
	 Vehicles
	  	 	7	  
	 WARN
	  	 	44	  
	 Work Plan
	  	 	34	  
	 Year End Financial Statements
	  	 	3	  

 
 

  
 - ii - 

 ASSET PURCHASE AGREEMENT 

This Asset Purchase Agreement is made and entered into this 1st day of February, 2014, (this “Agreement”) by and between
Graphic Packaging International, Inc., a Delaware corporation (“GPII”), Bluegrass Labels Company, LLC, a Delaware limited liability company (“Labels Company” and, together with GPII, the “Sellers”),
MCC-Norwood, LLC, an Ohio limited liability company (“Buyer”) and, solely for the purposes of Section 13.16, Multi-Color Corporation, an Ohio corporation (“Parent”). 

Recitals: 
 A. Sellers own
or lease and operate (1) two manufacturing facilities, located in Norwood, Ohio (the “Norwood Facility”) and Greensboro, North Carolina (the “Greensboro Facility”), respectively, and (2) a warehouse
facility located in Greensboro, North Carolina (the “Greensboro Warehouse Facility”) (collectively, the “Facilities”) at and from which they operate the Business. 

B. Sellers desire to sell the Purchased Assets and transfer the Assumed Liabilities to Buyer, and Buyer desires to acquire the Purchased
Assets and undertake, assume and perform the Assumed Liabilities, all on the terms and subject to the conditions hereinafter set forth. 

Now, therefore, in consideration of the covenants and agreements hereinafter set forth, the parties hereto agree as follows: 

ARTICLE I 
 DEFINITIONS

 1.01 Definitions. In addition to the terms defined in this Agreement, whenever used herein, the following capitalized terms
shall have the meanings set forth below: 
 “Accounting Principles” shall mean United States generally accepted accounting
principles subject to the exceptions set forth in Exhibit A attached hereto. 
 “Affiliate” shall mean a Person
which, directly or indirectly, is controlled by, controls or is under common control with, another Person. As used in the preceding sentence, “control” shall mean (a) the ownership of more than 50% of the voting securities or other
voting interest of any Person or (b) the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or
otherwise. 
 “Antitrust Laws” shall mean the HSR Act, the Sherman Act, as amended, the Clayton Antitrust Act, as amended,
the Federal Trade Commission Act, as amended, and any other federal, state or foreign Law or Order designed to prohibit, restrict or regulate actions in order to promote or enhance competition and/or prevent monopolization or restraint of trade.

 “Assumed Net Debt” means, without duplication, the sum of the following each to the extent constituting Assumed
Liabilities: (a) all obligations of the Sellers to pay the deferred purchase price of property or services (other than for amounts due with respect to trade creditors 

  
 - 1 - 

 
which shall be determined in accordance with subsection (b) below) which have been deferred by more than 90 days beyond the date of purchase of such property or service; plus
(b) the aggregate amount of all obligations from the Sellers to their trade creditors (including accounts payable) that remain outstanding beyond normal trading terms historically paid by the Business; plus (c) the value of any
“factored debtors” or other sales of the Business’s invoices or trade receivables on a recourse or non-recourse basis in existence at Closing; plus (d) all obligations of Labels Company under capitalized leases. 

“Assumed Net Debt Difference” means an amount equal to the absolute value of the Estimated Assumed Net Debt minus the
absolute value of the Assumed Net Debt as finally determined in accordance with Section 2.03(c) or Section 2.03(d), as applicable. 

“Business” means the decorative label business conducted by the Sellers at the Facilities which includes: (1) the
manufacture, print, market and sale of heat transfer and cut and stack labels for consumer packaging and security card printing inks, coatings and substrates, and (2) the sale and lease of label application equipment. 

“Business Day” means any day other than a Saturday, a Sunday or a day on which banks in Cincinnati, Ohio or Atlanta, Georgia
are authorized or required by applicable Law to be closed. 
 “Business Intellectual Property” means (a) all
Intellectual Property Rights material to the Business, and (b) all Intellectual Property Rights owned by Sellers and used by Sellers exclusively in the conduct of the Business, except that Business Intellectual Property does not include
Internet domain names. 
 “Buyer Material Adverse Effect” means any event, circumstance, change, or effect that materially
impairs or delays the ability of Buyer to timely perform its obligations under the Agreement or consummate the transactions contemplated hereby. 

“Business Real Property” means the Owned Real Property and the Leased Real Property, collectively. 

“Code” shall mean the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder. 

“Confidentiality Agreement” shall mean that certain Confidentiality Letter Agreement by and between Robert W Baird &
Co, on behalf of GPII, and Buyer, dated October 29, 2013. 
 “Disclosure Letter” shall mean the letter dated even date
herewith delivered to Buyer from Sellers simultaneously with the execution and delivery of this Agreement and as may be updated pursuant to the terms hereof. 

“Employee Plan” means each employee benefit plan, including, but not limited to, pension, profit sharing, incentive, bonus,
deferred compensation, retirement, stock option, employment, change of control, severance, medical and hospitalization, insurance, vacation, salary continuation, sick pay, welfare, fringe benefit, and other employee benefit plans, contracts,
programs, policies and arrangements in each case for the benefit of employees. 

  
 - 2 - 

 “Environmental Laws” shall mean any and all federal, state or local Laws
relating to pollution or protection of human health, safety, or the environment, or the protection of human health from Hazardous Substances, including: (i) the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C.
§§9601 et seq. (“CERCLA”); (ii) the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act, 42 U.S.C. §§6901 et seq.,; (iii) the Emergency Planning and Community Right to Know Act
(42 U.S.C. §§11001 et seq.); (iv) the Clean Air Act (42 U.S.C. §§ 7401 et seq.); (v) the Federal Water Pollution Control Act (33 U.S.C. §§1251 et seq.); (vi) the Toxic Substances Control Act (15 U.S.C.
§§2601 et seq.); (vii) the Hazardous Materials Transportation Act (49 U.S.C. §§ 5101 et seq.); (viii) the Occupational Safety and Health Act (29 U.S.C. §§ 651 et seq.); and (ix) any state, county, municipal or
local Laws similar or analogous to the federal statutes listed in parts (i) - (viii) of this subparagraph. 
 “Financial
Effective Time” shall mean 12:01 a.m. Atlanta, Georgia time on February 1, 2014. 
 “Financial Statements”
shall mean (a) the unaudited balance sheet of the Business as of December 31, 2012 and the unaudited profit and loss statement with respect to the Business for the year ended December 31, 2012 (the “Year End Financial
Statements”), and (b) the unaudited balance sheet of the Business as of the Most Recent Balance Sheet Date and the unaudited profit and loss statement with respect to the Business for the twelve month period ended on the Most Recent
Balance Sheet Date (the “Interim Financial Statements”). 
 “GAAP” shall mean generally accepted
accounting principles for financial reporting in the United States. 
 “Governmental Authority” shall mean the government
of the United States or any other nation, or any state or other political subdivision of any of the foregoing and any entity, body or authority exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to
government. 
 “Greensboro Lease Agreements” means any and all lease agreements for the Greensboro Facility or the
Greensboro Warehouse Facility. 
 “Hazardous Substances” shall mean any chemical, substance, waste, material, pollutant, or
contaminant, including those defined, listed, or identified as a “hazardous substance,” “hazardous waste,” “toxic substance,” “toxic material” or otherwise regulated under any Environmental Laws, including oil
and petroleum products or byproducts and any constituents thereof, urea formaldehyde insulation, asbestos, and polychlorinated biphenyls. 

“HSR Act” shall mean the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations
promulgated thereunder. 
 “Indebtedness” of any Person, shall mean, without duplication: (a) the principal of and
interest upon and premium (if any) in respect of (i) indebtedness of such Person for money borrowed or (ii) indebtedness evidenced by notes, debentures or bonds for the payment of which such Person is responsible or liable, but excluding
obligations required to be classified and accounted for as capital leases on a balance sheet under the Accounting Principles; and (b) all obligations of the type referred to in clause (a) of any other Person for the payment of which such
former Person is or may become responsible or liable pursuant to a guarantee or any other comparable arrangement. 

  
 - 3 - 

 “Intellectual Property Rights” shall mean (a) trade names, trademarks,
trademark registrations, trademark applications, service marks, service mark registrations, service mark applications and the goodwill of any business symbolized thereby; (b) copyrights, copyrightable works, copyright registrations, copyright
applications; (c) patent rights (including issued patents, applications, divisions, continuations and continuations-in-part, reissues, patents of addition, utility models and inventors’ certificates); licenses and sublicenses with respect
to any of the foregoing; (d) trade secrets, know-how, technical information, computer software and related documentation, proprietary manufacturing information and inventions, drawings and designs; and (e) domain names. 

“Inventory” shall mean (a) all inventories located at the Facilities or in transit to or from either Facility;
(b) all inventories of a nature customarily shown on the balance sheet included in the Financial Statements; and (c) all other inventories exclusively used in the Business, including all such inventories of raw materials, storehouse
stocks, scrap, containers, spare parts, work-in-progress and finished goods. 
 “IRS” shall mean the Internal Revenue
Service. 
 “Knowledge of Sellers”, “Sellers’ Knowledge” or similar language shall mean the actual knowledge
of Walter E. Bowles, Michael P. Doss, James C. Gooch and Stephen R. Scherger, after reasonable investigation, including consultation with each of the following to the extent reasonably appropriate with respect to such matter Bret Arnone, Kurt
Zimmerman, Cynthia Wyatt, Frank Vidal, and Marty Dennis. 
 “Law” shall mean any law (including common law), statute,
regulation, ordinance, rule, Order, injunction, judgment, consent decree or governmental requirement enacted, promulgated or imposed or entered into with any Governmental Authority, including Antitrust Laws, COBRA, Environmental Laws, ERISA, and
WARN. 
 “Leased Real Property” shall mean the real property that is not owned in fee simple by a Seller that Labels
Company either occupies or uses or has the right to occupy or use in connection with the Business, together with all buildings, structures and other improvements, fixtures and easements, rights of way, water lines, uses, licenses, hereditaments,
tenements, privileges and other appurtenances, now or subsequently located thereon. 
 “Lien” shall mean any mortgage,
lien, charge, pledge, security interest, option, lease or sublease, license or sublicense, or encumbrance. 
 “Material Adverse
Effect” shall mean any event, circumstance, change, or effect, that, is (or could reasonably be expected to be) materially adverse to (a) the business, assets, results of operations or condition (financial or otherwise) of the Business
or (b) the ability of Sellers to timely perform their obligations under the Agreement or consummate the transactions contemplated hereby provided, that none of the following shall constitute or be taken into account in determining
whether a Material Adverse Effect has occurred or would occur, 

  
 - 4 - 

 
(1) changes in general economic, political, financial market or business conditions, (2) general changes or developments in the industry in which the Business operates, (3) changes in
any applicable Laws, GAAP or interpretations thereof, (4) any failure to meet internal projections, budgets, plans or forecasts with regard to the Business, (5) any outbreak or escalation of hostilities or war or any act of terrorism,
(5) the announcement of the execution of this Agreement or the identity of Buyer or its Affiliates as the acquiror of the Business and including any termination of, reduction in or similar negative impact on relationships, contractual or
otherwise, with any customers, suppliers, distributors, or employees of the Business, (6) any action expressly required to be taken by Sellers by the terms of this Agreement or taken by Sellers at the express request or direction of Buyer, or
(7) the failure to take any action as a result of any restrictions or prohibitions set forth in this Agreement with respect to which Buyer has refused to provide a waiver on a timely basis or at all. 

“Most Recent Balance Sheet Date” means December 31, 2013. 

“Norwood Remediation Expenses” means all direct out-of-pocket costs and expenses associated with the Norwood Remediation,
including those incurred by Buyer to address, investigate, mitigate, remediate, monitor, test and inspect the Norwood Facility necessary to obtain the issuance of the NFA and CNS, or to abate any violation of Environmental Laws, Order, or
Environmental Permits, or to protect human health, safety, and the environment, including the costs for testing and analytical costs, risk assessments, regulatory and permitting fees, reasonable consultant and attorney’s fees, the costs to move
or remove any structures, equipment, utilities, or improvements associated with the Norwood Remediation, preparation or amendment of health and safety plans, any out of pocket direct damages associated with the Norwood Remediation, the excavation,
transportation, storage, treatment or disposal of Hazardous Substances associated with the Norwood Remediation including contaminated building materials, the preparation and filing of environmental covenants, and any continuing obligations under the
NFA or CNS; provided in no event shall the Norwood Remediation Expenses be deemed to include the costs associated with performing the Permitted Norwood Phase II. 

“Order” shall mean any decree (consent or otherwise), injunction, order, ruling, writ, directive, notice of violation (but
only a notice of violation pursuant to Environmental Laws or Environmental Permits) quasi-judicial decision or award or administrative decision or award of any federal, state, local, foreign or other court, arbitrator, tribunal, administrative
agency or Governmental Authority to which any Person is a party or that is or may be legally binding and enforceable on any Person or its securities, assets or business. 

“Ordinary Course” shall mean the usual and ordinary course of business of the Business consistent with past practice
(including with respect to quantity and frequency). 
 “Owned Real Property” shall mean the real property owned by Labels
Company, together with all buildings, structures and other improvements, fixtures and easements, rights of way, water lines, uses, licenses, hereditaments, tenements, privileges and other appurtenances, now or subsequently located thereon. 

“Party” shall mean each of GPII, Labels Company and Buyer. 

  
 - 5 - 

 “Permitted Exceptions” shall mean with respect to the Purchased Assets the
following: 
 (a) Liens for Taxes, assessments and charges and other claims not yet payable or the validity of which a Seller is contesting
in good faith; 
 (b) mechanic’s, workmen’s, repairmen’s, warehousemen’s and carrier’s Liens arising in the Ordinary
Course; 
 (c) all existing general utility easements serving the Owned Real Property and all other instruments and encumbrances which affect
the Owned Real Property and are recorded in the public records where the Owned Real Property is located; 
 (d) zoning laws and ordinances
affecting the Owned Real Property; 
 “Person” shall mean any natural person, corporation, limited liability company,
partnership, limited partnership, joint venture, trust, association or other unincorporated entity of any kind. 
 “Pre-Closing
Environmental Matters” means: (i) the spillage, release or disposal of Hazardous Substances on or prior to the Closing Date either at, in, on, under or from any Facility, including the effects of such Hazardous Substances on the
environment, Persons or real or personal property within or outside the boundaries of any Facility; (ii) the presence or release of Hazardous Substances, on or prior to the Closing Date at, in, on, under or from any Facility; (iii) the
failure by the Sellers or their predecessors on or prior to the Closing Date of any Facility or any operations of the Sellers or the Business to be in compliance with any Environmental Laws, Orders, or Environmental Permits; (iv) any actual or
potential liability of the Sellers pursuant to CERCLA or any similar Environmental Laws related to any Facility, the Business or the Sellers on or prior to the Closing Date; and (v) any other act, omission or condition existing with respect to
the Business or any Business Real Property or of the Sellers existing or occurring on or prior to the Closing Date which gives rise to a claim or to any liability under any Environmental Laws. 

“Proration Adjustment” means (a) compensation earned by hourly Business Employees between the Financial Effective Time
and the Closing Date and paid by Sellers which is to be allocated to Buyer in accordance with Section 2.08, plus (b) the aggregate amount of all expenses incurred by Sellers with respect to the Owned Real Property for the
period of time after Financial Effective Time which is to be allocated to Buyer in accordance with Section 2.08, less (c) the aggregate amount of all expenses incurred by Buyer with respect to the Owned Real Property for the
period of time before Financial Effective Time which is to be allocated to Sellers in accordance with Section 2.08. 

“Taxes” shall mean all taxes, charges, duties (including custom duties), levies or other assessments, including income, gross
receipts, net proceeds, capital gains, ad valorem, turnover, real and personal property (tangible and intangible), sales, use, franchise, excise, goods and services, harmonized sales, value added, stamp, leasing, lease, user, transfer, land
transfer, fuel, excess profits, occupational, interest equalization, windfall profits, license, employer health, payroll, environmental, capital stock, disability, severance, employee’s income withholding, other withholding, unemployment and
Social Security taxes, employment insurance, health insurance and other government pension plan premiums or contributions which are imposed by any Taxing Authority, and such term shall include any interest, penalties or additions to tax attributable
thereto. 

  
 - 6 - 

 “Taxing Authority” shall mean U.S. Internal Revenue Service or any other state,
local or foreign Governmental Authority responsible for the assessment and collection of Taxes. 
 “Transaction Documents”
means this Agreement and the Escrow Agreement, the Transition Services Agreement, the Non-Competition Agreement, the Bill of Sale, the Assignment of Intellectual Property, the Norwood Deed and the certificates delivered pursuant to the terms hereof.

 “Transition Services Agreement” shall mean that certain transition services agreement in the form of Exhibit B
attached hereto. 
 “Vehicles” shall mean all motor vehicles, trucks and other rolling stock and all assignable warranties
related thereto. 
 1.02 Interpretation. Unless the context of this Agreement otherwise requires, (a) words of any gender shall
be deemed to include each other gender, (b) words using the singular or plural number shall also include the plural or singular number, respectively, (c) references to “hereof,” “herein,” “hereby” and similar
terms shall refer to this entire Agreement, (d) all references in this Agreement to Articles, Sections and Exhibits shall mean and refer to Articles, Sections and Exhibits of this Agreement, (e) references to any Person shall be deemed to
mean and include the successors and permitted assigns of such Person (or, in the case of a Governmental Authority, Persons succeeding to the relevant functions of such Person) and (f) the words “include,” “includes” and
“including” when used herein shall be deemed in each case to be followed by the words “without limitation.” 
 ARTICLE
II 
 PURCHASE AND SALE, PURCHASE PRICE, ALLOCATION AND OTHER RELATED MATTERS 

2.01 Purchase and Sale. Upon the terms and subject to the conditions of this Agreement, at the Closing, Sellers shall sell, assign,
convey, transfer and deliver to Buyer and Buyer shall acquire from Sellers the Purchased Assets free and clear of all Liens (other than Permitted Exceptions and Liens imposed by Buyer). 

(a) “Purchased Assets” means (1) all right, title and interest in, under and to the assets, rights and properties of
Labels Company (of whatever kind or nature, real or personal, tangible or intangible, and wherever located) and (2) all right, title and interest in, under and to the assets of GPII (of whatever kind or nature, real or personal, tangible or
intangible, and wherever located) used exclusively in the operation of the Business, in each case except for the Retained Assets. Without limitation to the foregoing, the “Purchased Assets” shall include the following: 

  
 - 7 - 

 (i) the Owned Real Property, together with all buildings, structures, improvements, and fixtures
located thereon, including all electrical, mechanical, plumbing and other building systems, fire protection, security and surveillance systems, telecommunications, computer, wiring, and cable installations, utility installations, water distribution
systems, and landscaping located thereon, together with all of Sellers’ right, title and interest, if any, in and to any easements and other rights and interests appurtenant thereto (including air, oil, gas, mineral, and water rights); 

(ii) the trade accounts receivable, other accounts receivable and notes receivable arising from or relating to the Business (the
“Accounts Receivable”), purchase rebates, and other advances, prepaid expenses (including utility deposits) and other prepaid items arising from the Business; 

(iii) all tangible personal property owned by a Seller and located at the Business Real Property or in transit to the Business Real Property
as of the Financial Effective Time including abandoned tangible personal property, tangible personal property awaiting disposal and similar property and assets; 

(iv) the tangible personal property, machinery, equipment, tools, dies, molds, spare and repair parts, Vehicles, transportation equipment,
furniture and office equipment, goods, furnishings, jigs, fixtures, and computer hardware used exclusively in the Business, including abandoned tangible personal property, tangible personal property awaiting disposal and similar property and assets,
including without limitation, those items set forth on Section 2.01(a)(iii) of the Disclosure Letter; 
 (v) the Inventory; 

(vi) (A) the Material Contracts, other than those set forth on Section 2.01(b) of the Disclosure Letter, (B) each other
contract or agreement for the sale or purchase of products or services by the Business, including purchase orders, and (C) all other contracts, agreements or instruments set forth in Section 2.01(a)(vi) of the Disclosure Letter
(collectively, the “Assumed Contracts”); 
 (vii) the Lease Agreements; 

(viii) an HTL application machine TD Series primarily designed for round plastic containers and currently located at Queretaro, Mexico; 

(ix) the Business Intellectual Property; 

(x) any Permits, including Environmental Permits, necessary for the operation of the Business and all other Permits relating primarily to the
Business or the Facilities (to the extent any of the same are transferable or assignable to Buyer); 
 (xi) all of Sellers’ files,
papers, documents and records located at the Facilities in any form or media relating primarily to the Business, including credit, sales and accounting records, repair and performance records, price sheets, catalogues and sales literature, books,
processes, formulae, manufacturing data, advertising and promotional material, customer lists, vendor lists, stationery, office supplies, forms, catalogues, blueprints, design protocols, specifications for materials, specifications for parts and
devices, safety procedures for handling of materials and substances, quality assurance and control procedures, correspondence, production records, and any other information reduced to writing or other physical or tangible media relating primarily to
the Business; 

  
 - 8 - 

 (xii) all past, present and future claims, causes of action, choses in action, rights of
recovery and rights of set-off of any kind, to the extent relating to the Purchased Assets or the Assumed Liabilities or relating primarily to the Business, whether arising or relating to periods prior to, on or after the Financial Effective Time;
provided, however, that claims, causes of action, choses in action, rights of recovery and rights of set off against customers to the extent not arising out of or related to the Accounts Receivable, or the work performed with respect to the Accounts
Receivable, shall not be included in the Purchased Assets; and 
 (xiii) all of the goodwill associated with the Business. 

(b) “Retained Assets” means the following assets, rights and properties of Sellers, whether or not relating to the operations
of the Business, all determined as of the Financial Effective Time: 
 (i) all cash and cash equivalents on hand, in banks or in transit,
including bank overdrafts and marketable securities; 
 (ii) all insurance policies of Sellers acquired or assumed by Sellers prior to the
Financial Effective Time and all rights (including claims) of Sellers of every nature and description under or arising out of such insurance policies; 

(iii) any refunds or rights or claims for refunds of Taxes of Sellers; 

(iv) all past, present and future claims, causes of action, choses in action, rights of recovery and rights of set-off of any kind, to the
extent related to Retained Liabilities or Retained Assets; 
 (v) Sellers’ corporate seal, minute books and stock record books, the
general ledgers and books of original entry, all income Tax returns and other income Tax records, reports, data, files and documents; 

(vi) those assets, properties, rights and interests of Sellers specifically listed in Section 2.01(b) of the Disclosure Letter;

 (vii) the tangible property (including the real property) of Sellers located in the St. Charles, Louisiana facility formerly associated
with the Business; 
 (viii) GPII’s entire right, title and interest in the membership interests of Labels Company; 

(ix) Sellers’ right in, and with respect to the assets associated with their Employee Plans; and 

 

  
 - 9 - 

 (x) all rights of Sellers under this Agreement and the Transaction Documents. 

2.02 Purchase Price. 
 (a)
The aggregate purchase price payable by Buyer for the Purchased Assets shall be (i) $72,600,154.38 in cash less the Estimated Assumed Net Debt (the “Closing Payment”), plus (ii) $8,066,683.82 (the “Escrow
Amount”), plus or minus (iii) the Adjustment Amount (as defined in Section 2.04(a)) (the sum of, or difference between, as applicable (i), (ii) and (iii), “Purchase Price”); 

(b) As additional consideration, at the Closing, Buyer shall assume, pay, undertake, perform and discharge the Assumed Liabilities pursuant to
Section 2.05(a). 
 (c) At Closing, Buyer shall pay the Closing Payment by wire transfer of immediately available funds to a bank
account designated by Sellers in writing to Buyer at least two (2) Business Days prior to Closing; 
 (d) At Closing, Buyer shall pay
the Escrow Amount by wire transfer of immediately available funds to the Escrow Agent. 
 2.03 Determination of Adjustment Amount 

(a) At least two Business Days prior to the Closing, the Sellers shall prepare and deliver to Buyer: 

(i) an estimated balance sheet of the Business as of the Financial Effective Time (the “Estimated Closing Balance Sheet”) for
informational purposes only, which shall reflect the Sellers’ best estimate of the Purchased Assets and Assumed Liabilities as of immediately prior to the Financial Effective Time, prepared in accordance with the standards for the preparation
of the balance sheet of the Business included in the Financial Statements and shall include an estimate of the Prorated Amounts; 
 (ii) a
certificate signed by the chief financial officer of GPII (the “Closing Date Consideration Calculation Certificate”) setting forth (1) based on the definition of Assumed Net Debt contained herein, the Sellers’ best
estimate of the Assumed Net Debt (the “Estimated Assumed Net Debt”) and (2) the Sellers’ calculation of the Closing Payment based on the Estimated Assumed Net Debt. 

(b) Within 30 calendar days after the Closing, the Sellers shall prepare and deliver to Buyer: 

(i) an estimated balance sheet of the Business as of the Financial Effective Time (the “Closing Balance Sheet”) for
informational purposes only, which shall reflect the Sellers’ best estimate of the Purchased Assets and Assumed Liabilities as of immediately prior to the Financial Effective Time, prepared in accordance with the standards for the preparation
of the balance sheet of the Business included in the Financial Statements; 

  
 - 10 - 

 (ii) a certificate signed by the chief financial officer of GPII (the “Post-Closing
Assumed Net Debt Certificate”) setting forth based on the definition of Assumed Net Debt contained herein, the Sellers’ best estimate of the Assumed Net Debt; and 

(iii) a certificate (the “Proration Certificate”) signed by the chief financial officer of GPII setting forth (1) all
deposits made and other pre-paid expenses incurred by Sellers with respect to the Owned Real Property for the period of time after the Financial Effective Time which is to be allocated to Buyer in accordance with Section 2.08,
(2) Sellers’ estimate of the expenses incurred by Buyer with respect to the Owned Real Property for the period of time before the Financial Effective Time which is to be allocated to Sellers in accordance with Section 2.08 and
(3) compensation earned by hourly Business Employees between the Financial Effective Time and the Closing Date and paid by Sellers which is to be allocated to Buyer in accordance with Section 2.08 (collectively, the
“Prorated Amounts”) and setting forth Sellers’ best estimate of the Proration Adjustment. 
 (c) Buyer shall provide
Sellers and their accountants and advisors all reasonable and timely access to the employees, work papers and other books and records and information that might be relevant to the preparation and review of the Closing Balance Sheet, Post-Closing
Assumed Net Debt Certificate, and the Proration Certificate at all times prior to the Settlement Date. Within thirty (30) days after the Closing Balance Sheet, the Post-Closing Assumed Net Debt Certificate, and the Proration Certificate are
delivered to Buyer, Buyer shall deliver to Sellers either (i) a written acknowledgement accepting the Post-Closing Assumed Net Debt Certificate, the Sellers’ calculation of the Assumed Net Debt contained therein, the Proration Certificate
and the Sellers’ calculation of the Prorated Amounts contained therein; or (ii) a written report setting forth in reasonable detail any objection to the calculation of the Assumed Net Debt or the Prorated Amounts and Buyer’s
determination of the Prorated Amounts (the “Adjustment Report”). If Buyer fails to respond to Sellers within such thirty (30) day period, Buyer shall be deemed to have accepted and agreed to the Post-Closing Assumed Net Debt
Certificate, the Proration Certificate and the calculation of the Assumed Net Debt and the Prorated Amount, as delivered pursuant to Section 2.03(b). 

(d) In the event Sellers and Buyer fail to agree on all of Buyer’s proposed adjustments to the Assumed Net Debt and the Prorated Amounts
contained in the Adjustment Report within thirty (30) days after Sellers receive the Adjustment Report, then Sellers and Buyer mutually agree that Deloitte LLP, or such other accounting firm as determined by mutual agreement of the parties (the
“Independent Auditors”) shall make the final determination with respect to the correctness of the proposed adjustments in the Adjustment Report to the Assumed Net Debt and the Prorated Amounts that remain in dispute. The Independent
Auditors shall consider only the disputed matters that were included in the Adjustment Report relating to the Assumed Net Debt and the Prorated Amounts. Buyer and Sellers shall provide the Independent Auditors all reasonable and timely access to the
employees, work papers and other books and records and information as reasonably necessary for the Independent Auditors to perform their function as arbitrator in determining the Assumed Net Debt and the Prorated Amounts. The decision of the
Independent Auditors shall be final and binding on Sellers and Buyer, absent manifest error. The costs and expenses of the Independent Auditors for their services rendered pursuant to this Section 2.03(d) shall be borne by Sellers and
Buyer in inverse proportion as each shall prevail on the dollar amounts of such disputed items so submitted to the Independent Auditors as provided in this Section 2.03(d). 

  
 - 11 - 

 (e) The date on which the calculation of the Assumed Net Debt and the Prorated Amounts is finally
determined pursuant to this Section 2.03 shall hereinafter be referred to as the “Settlement Date.” 
 2.04
Purchase Price Settlement. 
 (a) If on the Settlement Date (i) the sum of the Assumed Net Debt Difference and the Proration
Adjustment is a positive number, then the Buyer shall pay the Sellers an amount equal to the sum of the Assumed Net Debt and the Proration Adjustment; or (ii) the sum of the Assumed Net Debt Difference and the Proration Adjustment is a negative
number, then the Sellers shall pay the Buyer an amount equal to the absolute value of the sum of the Assumed Net Debt Difference and the Proration Adjustment, in each case within ten (10) days after the Settlement Date, as applicable. Any
amount payable by Buyer or Sellers pursuant to the immediately preceding sentence shall be referred to in the aggregate as the “Adjustment Amount.” 

(b) Any payment required pursuant to Section 2.04(a) hereof shall be by the transfer of immediately available federal funds to a
bank account designated in writing to the paying Party by the recipient of such payment. 
 2.05 Assumed Liabilities; Retained
Liabilities. 
 (a) Upon the terms and subject to the conditions of this Agreement, Buyer shall, at the Closing, assume and agree to pay,
perform, and discharge the Assumed Liabilities. Except for the Assumed Liabilities, Buyer shall not assume, whether by assignment, express or implied contract, by operation of law or otherwise, or be obligated to pay, perform, discharge or
guarantee, any liabilities or obligations of Sellers or any Affiliate thereof (whether or not such liability or obligation is related to or arising out of the Business) whether arising or incurred before, on or after the Financial Effective Time.

 (b) The term “Assumed Liabilities” means, except to the extent constituting a Retained Liability, the following
obligations and liabilities of the Sellers: 
 (i) all accounts payable arising exclusively from the Business in the Ordinary Course through
the Financial Effective Time; and 
 (ii) all obligations and liabilities of Sellers to perform after the Financial Effective Time the
Assumed Contracts; 
 provided however, the Buyer shall not have been deemed to have assumed any obligation or liability arising from or relating to
a breach of contract, breach of warranty, tort, infringement, violation of Law, Orders, Permits, or Pre-Closing Environmental Matters by any Seller prior to Closing. 

  
 - 12 - 

 (c) Retained Liabilities. The term “Retained Liabilities” means all
liabilities or obligations of Sellers related to or arising out of the Business other than Assumed Liabilities, including without limitation, the following: 

(i) any obligation or liability of the Sellers for Taxes other than Transfer Taxes (the liability for which Transfer Taxes shall be
apportioned according to Section 2.06); 
 (ii) any obligation or liability of Sellers for income, transfer, sales, use and other Taxes
arising in connection with the consummation of the transactions contemplated hereby (including any income Taxes arising because Sellers are transferring the Purchased Assets) other than Transfer Taxes (the liability for which Transfer Taxes shall be
apportioned according to Section 2.06); 
 (iii) any obligation of a Seller to indemnify any Person by reason of the fact that
such Person was a director officer, employee or agent of such Seller or was serving at the request of any such entity as a partner, trustee, director, officer, employee or agent of another entity (whether such indemnification is for judgments,
damages, penalties, fines, costs, amounts paid in settlement, losses, expenses or otherwise); 
 (iv) any obligation or liability to any
Seller or any Affiliate of any Seller; 
 (v) any liability or obligation of any Seller incurred in connection with this Agreement and the
transactions contemplated hereby (including any obligation or liability with respect to any retention, completion or transaction bonuses paid to key employees); 

(vi) any obligation or liability arising out of or relating to the Employee Plans of the Sellers, including without limitation, the Altivity
Packaging Pension Plan; 
 (vii) any obligation or liability arising out of or relating to the Retained 

Assets; 
 (viii) any obligation
and liability in respect of Indebtedness of Sellers, including evidenced by notes, debentures, bonds or similar instruments; 
 (ix) the
unpaid accreted principal of, and accrued and unpaid interest (less prepaid interest) on all Indebtedness of the Sellers; 
 (x) any
deferred payments on the installed capital expenditure (that is operational and contributing to earnings as of the Financial Effective Time) of the Sellers; 

(xi) all obligations of the Sellers for the reimbursement of any obligor on any letter of credit, banker’s acceptance, or similar
transaction, but only to the extent such instrument is drawn upon; 
 (xii) the Pre-Closing Environmental Matters; 

  
 - 13 - 

 (xiii) the aggregate amount of all fees or financial penalties (including breakage fees and make
whole payments) due and payable by the Sellers in connection with the repayment of any outstanding Indebtedness of the Sellers that is to be repaid at the Closing pursuant to this Agreement; 

(xiv) all obligation or liability of the Sellers under any and all agreements or understandings between the Sellers and the United Steel,
Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers AFL-CIO-CLC, Local 098 (the “Union”); 

(xv) any and all unknown or contingent liabilities of Sellers related to claims for breach of warranty, product liability, property damage, or
any bodily harm caused to any Person; 
 (xvi) all liabilities or obligations with respect to the GPII Management Incentive Plan, the Sales
Incentive Plan, and the Long-Term Incentive Plan, including any amounts owing under each plan for the calendar year ending December 31, 2013; and 

(xvii) any obligation or liability arising from the installation or operation of any equipment at the Norwood Facility without an
Environmental Permit or in violation of any Environmental Laws prior to Closing, including but not limited to fines, penalties, permit fees, and costs to prepare permit applications. 

(d) All of the Retained Liabilities shall remain and be the debts, obligations and liabilities of Sellers, and Buyer shall have no liability or
responsibility for any of the debts, obligations or liabilities arising therefrom. 
 2.06 Sales and Transfer Taxes. All sales, use,
Vehicle, transfer, documentary, stamp, recording and all other similar non-income Taxes or expenses arising out of or in connection with the purchase and sale of the Purchased Assets as contemplated in this Agreement (“Transfer
Taxes”) shall be borne equally by Sellers, on the one hand, and Buyer, on the other hand. Sellers shall file all necessary Tax returns and other documents required to be filed with respect to such Transfer Taxes. Buyer will cooperate with
Sellers to the extent reasonably necessary to make such filings or Tax returns as may be required. 
 2.07 Allocation of Purchase
Price. Section 2.07 of the Disclosure Letter sets forth the allocation of the Purchase Price (and all relevant Assumed Liabilities) (the “Purchase Price Allocation Schedule”) among the Purchased Assets in accordance
with Code Section 1060, as agreed to by Sellers and Buyer. Each Party hereto agrees for all Tax reporting purposes (including for purposes of filing of an IRS Form 8594) to report the transactions consistently with the allocation set forth on
the Purchase Price Allocation Schedule (as finally agreed upon by Sellers and Buyer). The Parties hereto shall make appropriate adjustments to the allocations on the Purchase Price Allocation Schedule to reflect any adjustments to the Purchase
Price. Neither Sellers nor Buyer shall take any position (whether in audits, tax returns or otherwise) that is inconsistent with such allocation unless required to do so by applicable law. 

  
 - 14 - 

 2.08 Prorations and Adjustments. All real estate taxes and assessments with respect to the
Owned Real Property shall be prorated between the parties as of the Financial Effective Time based on the latest available tax bill. Final readings of all gas, water, and electric meters shall be made as of the date of the Financial Effective Time,
if possible. Sellers shall, jointly and severally, be responsible for all charges for consumption of utilities prior to the Financial Effective Time and Buyer shall be responsible for consumption of utilities on and after the Financial Effective
Time. Sellers and Buyer shall cooperate in making all arrangements for the continuation of utility services and the payment of the charges therefor. The parties will prorate, as of the Financial Effective Time, any miscellaneous expenses applicable
to the Owned Real Property that the parties mutually agree are properly allocable partly to a period of time prior to the Financial Effective Time and partly to a period of time after the Financial Effective Time which are not otherwise expressly
addressed in this Agreement. Compensation earned by hourly Business Employees between the Financial Effective Time and the Closing Date (i.e., for the avoidance of doubt, compensation for time worked on February 1, 2014 and
February 2, 2014) shall be paid by Sellers in the ordinary course of their payroll practices. Buyer shall reimburse Sellers for such payments in accordance with the Proration Certificate. All items which are not subject to an exact
determination shall be estimated by the parties. 
 ARTICLE III 

CLOSING AND CLOSING DATE DELIVERIES 

3.01 Closing. The term “Closing” as used herein shall refer to the actual conveyance, transfer, assignment and
delivery of the Purchased Assets to, and the assumption of the Assumed Liabilities by, Buyer in exchange for the payment of the Closing Payment to Sellers pursuant to Section 2.02(c), which shall be treated as occurring at 12:01 a.m.
local time on the Closing Date. The Closing shall take place at the offices of Keating Muething & Klekamp PLL, One East Fourth Street, Suite 1400, Cincinnati, Ohio 45202, at 10:00 a.m. local time on February 3, 2014 (“Closing
Date”). 
 3.02 Closing Deliveries by Sellers. At the Closing, Sellers shall deliver to Buyer, in each case in form and
substance reasonably satisfactory to Buyer: 
 (a) an assignment and bill of sale for all of the Purchased Assets in form and substance
reasonably acceptable to Buyer and Sellers (the “Bill of Sale”) executed by Sellers; 
 (b) an instrument of assumption
providing for Buyer’s assumption of the Assumed Liabilities in form and substance reasonably acceptable to Buyer and Sellers (the “Instrument of Assumption”) executed by Sellers; 

(c) a limited warranty deed in recordable form in favor of Buyer and such other appropriate document or instrument of transfer, as the case may
require, each in form and substance reasonably acceptable to Buyer and Sellers (the “Norwood Deed”) executed by Labels Company; 

(d) an assignment of all of the Business Intellectual Property in form and substance reasonably acceptable to Buyer and the Sellers
(“Assignment of Intellectual Property”) executed by the Sellers; 

  
 - 15 - 

 (e) such other bills of sale and other instruments of transfer and conveyance as may reasonably
be requested by Buyer, each in form and substance satisfactory to Buyer and Sellers and their respective legal counsel and executed by Sellers; 

(f) such affidavits, memoranda, and other assurances (in form and substance reasonably acceptable to Sellers and their legal counsel) that are
reasonably required by a national title insurance company selected by Buyer in order to issue an owner’s title insurance policy to Buyer at Closing with respect to the Owned Real Property; 

(g) a non-competition agreement in the form of Exhibit C, executed by Graphic Packaging Holding Company (the “Non-competition
Agreement”); 
 (h) a certificate, dated the Closing Date, executed by the appropriate officer of Sellers, required by
Section 7.01; 
 (i) certificates, duly completed and executed by GPII pursuant to Section 1.1445-2(b)(2) of the Treasury
Regulations, certifying that GPII is not a “foreign person” within the meaning of Section 1445 of the Code; 
 (j) a
certificate of the Secretary of each Seller containing (i) the Certificate of Formation of Labels Company and the Certificate of Incorporation of GPII, certified as of a recent date by the Secretary of State of the applicable state of formation
or incorporation, (ii) the governing documents of Labels Company and GPII, certified as of the Closing Date by the Secretary of Labels Company or of GPII, as applicable, and (iii) true and correct copies of the resolutions duly adopted by
the Board of Managers of Labels Company and the Board of Directors of GPII approving and authorizing each of the Transaction Documents to which Labels Company or GPII, respectively, is a party and each of the transactions contemplated hereby and
thereby, which certificate shall also certify that such resolutions have not been rescinded, revoked, modified, or otherwise affected and remain in full force and effect; 

(k) documentation reasonably acceptable to Buyer evidencing the release of Liens on the Purchased Assets as of the Closing (including the
discharge of all charges, property mortgages inter-company debt and cross guarantees applicable to the Purchased Assets), except for Permitted Exceptions; 

(1) the HTL Patent Infringement Claim Settlement Agreement and associated documentation (the “Settlement Agreement”) in the
form of Exhibit D, executed by GPII; and 
 (m) the Escrow Agreement in the form of Exhibit E (the “Escrow
Agreement”), executed by Sellers. 
 3.03 Closing Deliveries by Buyer. At the Closing, Buyer shall deliver to Sellers, in
each case in form and substance reasonably satisfactory to Sellers: 
 (a) the Closing Payment to be delivered by Buyer pursuant to
Section 2.02(c); 
 (b) the Escrow Amount to be delivered by Buyer to the Escrow Agent pursuant to Section 2.02(c);

  
 - 16 - 

 (c) a certificate, dated the Closing Date, executed by the appropriate officer of Buyer, required
by Section 8.01; 
 (d) a certificate of the Secretary of Buyer containing (a) the Articles of Organization of Buyer,
certified as of a recent date by the Secretary of State of the State of Ohio, (b) the Operating Agreement of Buyer, certified as of the Closing Date by the Secretary of Buyer, and (c) a true and correct copy of the resolutions duly adopted
by the Sole Member of Buyer approving and authorizing each of the Transaction Documents to which Buyer is a party and each of the transactions contemplated hereby and thereby, which certificate shall also certify that such resolutions have not been
rescinded, revoked, modified, or otherwise affected and remain in full force and effect; 
 (e) properly completed resale certificates and
other exemption certificates or documents with respect to the Inventory or other Purchased Assets for which Buyer is claiming an exemption from any state or local sales or use or other similar Tax; 

(f) the Settlement Agreement, executed by Multi-Color Corporation; and 

(g) the Escrow Agreement, executed by Buyer and Fifth Third Bank, as escrow agent (the “Escrow Agent”). 

3.04 Cooperation. Sellers and Buyer shall, on written request, on and after the Closing Date, cooperate with one another by furnishing
any additional information, executing and delivering any additional documents and/or instruments and doing any and all such other things as may be reasonably required by the parties to consummate or otherwise implement the transactions contemplated
by this Agreement. If at any time, before or after the Closing Date, any Party discovers any Purchased Asset that was not in fact physically transferred to Buyer on the Closing Date, such Party shall promptly notify the other Party and the Parties
shall take all actions and execute all documents to effectuate the transfer to Buyer thereof without increase to the Purchase Price. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF SELLERS 

Except as set forth in the Disclosure Letter, each of the Sellers warrants and represents to Buyer as follows: 

4.01 Authority. Sellers have the power and authority to enter into this Agreement and the other Transaction Documents to which Sellers
are a party, to carry out their obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by each Seller of this Agreement and any other Transaction Document to which such
Seller is a party, the performance by each Seller of its obligations hereunder and thereunder and the consummation by each Seller of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate or limited
liability company action on the part of such Seller. This Agreement has been duly and validly executed by the Sellers, and constitutes a legal, valid and binding obligation of the Sellers in accordance with its terms, except as such enforcement may
be limited by bankruptcy, insolvency, reorganization, moratorium or other similar Laws affecting enforcement of creditors’ rights 

  
 - 17 - 

 
generally and by general principles of equity (whether applied in a proceeding at law or in equity). At Closing each Transaction Document will be binding upon, and enforceable against, Sellers in
accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar Laws affecting enforcement of creditors’ rights generally and by general principles of equity (whether
applied in a proceeding at law or in equity). 
 4.02 Due Formation and Qualification; Equity Interests. 

(a) Labels Company is a limited liability company duly organized, validly existing and in good standing under the laws of the State of
Delaware. GPII is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Labels Company and GPII have the requisite limited liability company and corporate, respectively, power and authority to
own, lease and operate the Purchased Assets and the Business. 
 (b) Labels Company and GPII are duly qualified to do business as a foreign
limited liability company and foreign corporation, respectively, in the states where they are required to do so, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(c) The Purchased Assets do not include (i) any, or any agreement to acquire, equity securities or other securities of any Person or any
direct or indirect equity or ownership interest in any other business, or (ii) any obligations to repurchase, redeem or otherwise acquire any equity securities or other securities of any Person. 

4.03 No Violations and Consents. 

(a) Except as set forth on Section 4.03(a) of the Disclosure Letter, the execution, delivery and performance of this Agreement and
each Transaction Document by each Seller does not and will not, after the giving of notice, or the lapse of time, or otherwise, (i) conflict with, result in any violation of, or constitute a default under, (A) the organizational or
governing documents of such Seller, or (B), any Law, any Material Contract or any Permit to which such Seller is a party; (ii) result in the creation of any Lien upon the Purchased Assets; or (iii) terminate, amend or modify, or give any
party the right to terminate, amend, modify, abandon, cancel or refuse to perform, any Material Contract to which such Seller is a party. 

(b) Except as set forth on Section 4.03(b) of the Disclosure Letter, the execution and delivery by Sellers of this Agreement and
each Transaction Document does not, and the performance by Sellers of their respective obligations hereunder and thereunder will not, require either Seller to obtain any consent, order, approval, authorization or other action of, or make any filing
with or give any notice to, any Governmental Authority, except filings under the HSR Act. 
 4.04 Financial Statements. 

(a) The Financial Statements are attached as Section 4.04(a) of the Disclosure Letter. 

  
 - 18 - 

 (b) The Financial Statements have been prepared in a manner consistent with the Business’s
books and records and in accordance with the Accounting Principles applied on a consistent basis throughout the periods covered thereby and, subject to the Accounting Principles, fairly present the financial condition of the Business, taken as a
whole, as of such dates and the results of the Business’s operations for the periods specified, subject to normal year-end adjustments and the absence of footnotes. The results of operations of the Business are consolidated into the
consolidated financial statements of Graphic Packaging Holding Company. 
 (c) The Sellers do not have any obligation or liability of any
nature arising out of, relating to the Business (matured or unmatured, fixed or contingent) of a character required under the Accounting Principles, as applicable, to be reflected or reserved against on a balance sheet, other than
(i) obligations or liabilities reflected or reserved against on the Financial Statements, (ii) obligations or liabilities disclosed in Section 4.04(c) of the Disclosure Letter, (iii) obligations or liabilities incurred
since the date of the Year End Financial Statements in the Ordinary Course, consistent with past practice, or (iv) obligations or liabilities arising out of this Agreement. 

(d) Throughout the period of time reflected in the Financial Statements, the Sellers have established and maintained a system of internal
accounting controls that are sufficient to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements of Graphic Packaging Holding Company. 

4.05 Material Changes in the Business. Since the date of the Year End Financial Statements, (i) the Business has been conducted in
the Ordinary Course and (ii) there has been no change in the financial condition or operating results of the Business which is reasonably expected to have a Material Adverse Effect. Without limitation to the foregoing, there has been no: 

(a) (i) except for normal periodic increases in the Ordinary Course, material increase in the annual rates of base salary or wages payable or
to become payable by the Sellers to any of the current or former employees, directors or consultants of the Business, (ii) material bonus, incentive compensation, service award or other like benefit granted, made or accrued, contingently or
otherwise, for or to the credit of any of the current or former employees, directors or consultants of the Business, except in the Ordinary Course, (iii) material welfare, pension, retirement, profit-sharing, incentive compensation or similar
plan, program, payment or arrangement established or materially amended by the Sellers for any of the current or former employees, directors or consultants of the Business, except in the Ordinary Course or (iv) new employment or severance
agreement that covers current or former employees, directors or consultants of the Business; 
 (b) any sale, assignment or transfer of any
assets used primarily in the Business in excess of $50,000, individually, or $100,000 in the aggregate, other than sales, assignments or transfers of Inventory made in the Ordinary Course consistent with past practice; 

(c) damage or destruction (whether or not covered by insurance) to the property of the Business exceeding $50,000; 

  
 - 19 - 

 (d) cancellation of any Indebtedness owed to the Sellers with respect to the Business or waiver
of any rights of substantial value with respect to the Business, in either case exceeding $50,000; 
 (e) entry into, cancellation,
termination or material amendment of any Material Contract, Permit or Environmental Permit necessary to carry on the Business; 
 (f) any
incurrence of liability for capital expenditures with respect to the Business, other than capital expenditures that do not exceed $50,000 individually or $250,000 in the aggregate; 

(g) material change in accounting methods or practices by the Sellers applicable to the Business; or 

(h) agreement by the Sellers to do any of the foregoing. 

4.06 Assets. Except as set forth on Section 4.06 of the Disclosure Letter and except for the services to be provided under
the Transition Services Agreement, and subject to obtaining the consents listed in Section 4.03(a) or Section 4.03(b) of the Disclosure Letter, the Purchased Assets constitute all of the material assets used by Sellers in the
operation of the Business. 
 4.07 Contracts. 

(a) Section 4.07 of the Disclosure Letter sets forth a true and complete list of all Material Contracts as of the date hereof.
“Material Contracts” means the following written contracts, agreements and/or commitments (1) relating exclusively to the Purchased Assets or operation of the Business or (2) material to the Business and not relating
exclusively to the Business, including any of the same which are oral in nature: 
 (i) any lease or license of personal property from or to
third parties having a value in excess of $100,000 annually or included in the Purchased Assets; 
 (ii) any mortgage, indenture, loan or
credit agreement, security agreement or other agreement, instrument or contract (or group of related contracts) under which a Seller has created, incurred, assumed, or guaranteed any Indebtedness, or any capitalized lease obligation or other
agreement, in each case under which any of the assets or properties of the Business, including the Purchased Assets (tangible and intangible), are subject to a Lien; 

(iii) any (A) joint or cooperative marketing or development contract or (B) other contract concerning a partnership, franchising
arrangement or joint venture; 
 (iv) any contract relating to the exclusive right to sell or distribute products of the Business; 

(v) any contract that prohibits or restricts the Sellers with respect to the Business from engaging in any business activities in any
geographic area, line of business or otherwise in competition with any other Person; 

  
 - 20 - 

 (vi) any contract with any Affiliate of either Seller that will not be terminated as of the
Closing; 
 (vii) any contract with a customer of that involves delivery of goods by a Seller of an amount in excess of $100,000 per year;
and 
 (viii) any other contract (or group of related contracts) not otherwise of the type described in paragraphs (i) —
(viii) above with a term of greater than one year and involving payment by or to a Seller of $100,000 or more and not terminable by such Seller without penalty on fewer than sixty (60) days’ notice. 

(b) Each Material Contract is a valid and binding obligation of the Seller that is a party to such Material Contract and, to the Knowledge of
Sellers, is a valid and binding obligation of each of the other parties thereto, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar Laws affecting enforcement of creditors’ rights
generally and by general principles of equity (whether applied in a proceeding at law or in equity). Each Seller has performed all material obligations required to be performed by it under each Material Contract to which it is a party and is not
(with or without the lapse of time or the giving of notice, or both) in material breach or default thereunder. To the Knowledge of Sellers, each other party to each Material Contract has performed all material obligations required to be performed by
such party thereunder and is not (with or without the lapse of time or the giving of notice, or both) in material breach or material default thereunder. 

4.08 Real Property. 
 (a)
Section 4.08(a) of the Disclosure Letter contains a true and complete legal description and mailing address for each parcel of the Owned Real Property. With respect to the Owned Real Property, except as set forth in
Section 4.08(a) of the Disclosure Letter: 
 (i) Labels Company has insurable fee simple title to the Owned Real Property, free
and clear of all Liens other than Permitted Exceptions; 
 (ii) Labels Company has not leased, subleased, licensed or otherwise granted to
any Person the right to possess, use or occupy the Owned Real Property or any portion thereof; 
 (iii) There are no outstanding options or
rights of first refusal or other agreements granting to any Person any right to purchase or lease the Owned Real Property, or any portion thereof or interest therein; and 

(iv) Labels Company has not received any written notice of any pending or threatened condemnation proceedings in the nature of eminent domain
in connection with the Owned Real Property. 
 (b) Section 4.08(b) of the Disclosure Letter sets forth the address of the Leased
Real Property. Sellers have delivered to Buyer copies of the lease agreements for the Leased Real Property (the “Lease Agreements”). With respect to the Leased Real Property, except as set forth in Section 4.08(b) of the
Disclosure Letter: 

  
 - 21 - 

 (i) the Lease Agreements are valid and binding obligations of GPII and, to the Knowledge of
Sellers, are valid and binding obligation of each of the other parties thereto, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar Laws affecting enforcement of creditors’ rights
generally and by general principles of equity (whether applied in a proceeding at law or in equity); 
 (ii) GPII has performed all material
obligations required to be performed by it under the Lease Agreements and is not (with or without the lapse of time or the giving of notice, or both) in breach or default thereunder; 

(iii) to the Knowledge of Sellers, the other parties to the Lease Agreements have performed all obligations required to be performed by such
parties thereunder and are not (with or without the lapse of time or the giving of notice, or both) in breach or default thereunder; 
 (iv)
GPII has not subleased, assigned or otherwise granted to any Person the right to use or occupy the Leased Real Property or any portion thereof; and 

(v) GPII has not pledged, mortgaged or otherwise granted a Lien on the leasehold interest in the Leased Real Property, other than Permitted
Exceptions. 
 (c) Use of the Owned Real Property for the various purposes for which it is presently being used is permitted as of right
under applicable zoning and similarly applicable Law. 
 (d) All buildings, structures, fixtures and other improvements included in the Owned
Real Property (collectively, the “Improvements”) are in material compliance with all applicable Laws, including those pertaining to health and safety, zoning, building and construction requirements and the disabled. No part of any
Improvement encroaches on any real property not included in the Owned Real Property, and there are no buildings, structures, fixtures or other improvements primarily situated on adjoining property which encroach on any part of the Owned Real
Property. Each parcel of Owned Real Property (i) abuts on and has direct vehicular access to an improved public road or has access to an improved public road via a permanent, irrevocable, appurtenant easement improved with a road benefiting
such parcel of the Owned Real Property and comprising a part of the Owned Real Property, (ii) is supplied with public or quasi-public utilities and (iii) is not located within any flood plain or area subject to wetlands regulation. Except
as set forth in Section 4.08(c) of the Disclosure Letter, the Improvements are structurally sound, are in good operating condition and repair, ordinary wear and tear excepted, are suitable for the purposes for which they are being used
and have been maintained and operated in accordance with normal industry practice and in material compliance with applicable Law and Permits. 

4.09 Title to Tangible Personal Property. Each Seller has good and valid title to the tangible personal property included in the
Purchased Assets owned by such Seller or valid and subsisting leases with respect to the tangible personal property included in the Purchased Assets leased by such Seller. All such owned tangible personal property is owned free and clear of all
Liens, except for Permitted Exceptions. Each such tangible asset has been maintained in 

  
 - 22 - 

 
accordance with normal industry practice and is in good operating condition and repair (subject to normal wear and tear). To the Knowledge of Sellers, Schedule 4.09 includes the address of
each location (other than the Business Real Property) where the Equipment is located. 
 4.10 Accounts Receivable. All Accounts
Receivable (a) represent valid and bona fide obligations arising from sales actually made or services actually rendered by the Business in the Ordinary Course, (b) are correct as to amount, and to the Knowledge of Sellers are legally
enforceable according to their terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar Laws affecting enforcement of creditors’ rights generally and by general principles of equity
(whether applied in a proceeding at law or in equity) and (c) to the Knowledge of Sellers, have no right of defense or set-off against them. Section 4.10 of the Disclosure Letter contains a complete and accurate list of all Accounts
Receivable as of the date of the Financial Statement, which list sets forth the aging of such Account Receivables. 
 4.11 Litigation.
There are no actions, claims, Orders, arbitrations or proceedings (each a “Proceeding”) pending, or, to the Knowledge of Sellers, threatened in writing against either Seller relating to or affecting the Business or any of the
Purchased Assets, before or by any Governmental Authority, or by any other Person. Neither Seller is, in respect of the Business or any of the Purchased Assets, subject to any Order, that, individually or in the aggregate, would reasonably be
expected to have a Material Adverse Effect. 
 4.12 Compliance With Laws. Neither Seller is in material violation of any Law, Permit
or Order applicable to the Business or the Business Real Property or by which any of the Purchased Assets are bound or subject. Notwithstanding the foregoing, compliance with Environmental Laws and any environmental condition, fact or circumstance
is exclusively and solely governed by Section 4.17 and this Section 4.12 does not constitute a representation or warranty as to compliance with Environmental Laws or any environmental condition, fact or circumstance. 

4.13 Labor Matters. 
 (a)
Except as set forth in Section 4.13 of the Disclosure Letter, with respect to the Business: 
 (i) there is no collective
bargaining agreement or relationship with any labor organization; 
 (ii) to the Knowledge of any of Sellers, no executive or manager of the
Business (1) has any present intention to terminate his or her employment, or (2) is a party to any confidentiality, non-competition, proprietary rights or other such agreement between such employee and any Person besides such entity that
would be material to the performance of such employee’s employment duties, or the ability of such entity or Buyer to conduct the Business; 

(iii) no labor organization or group of employees has filed any representation petition or made any written or oral demand for recognition;

  
 - 23 - 

 (iv) to the Knowledge of the Sellers, no union organizing or decertification efforts are
underway or threatened and no other question concerning representation exists; 
 (v) no labor strike, work stoppage, slowdown, or other
material labor dispute has occurred, and none is underway or, to the Knowledge of Sellers, threatened; 
 (vi) there is no workmans
compensation liability, experience, or matter outside the Ordinary Course; and 
 (vii) there is no employment-related charge, complaint,
grievance, investigation, inquiry, or obligation of any kind, pending or threatened in any forum, relating to an alleged violation or breach by the Sellers of any law, regulation, or contract. 

(b) Except as set forth in Section 4.13(b) of the Disclosure Letter, there are no employment contracts or severance agreements with
any employees of the Business. True and complete copies of all such documents have been provided to Buyer prior to the date of this Agreement. 

(c) Sellers have provided to Buyer a true and complete list of all officers and employees of the Business on the date hereof along with the
amount of the current annual base salary, integrated salary, job title, vacation accrued, vacation premium, bonuses along with a full and complete description of any commitments to such officers and employees with respect to compensation payable
hereafter. The Sellers have not, because of past practices or previous commitments with respect to the Sellers’ officers or employees, established any rights or expectations on the part of such officers or employees to receive additional
compensation inconsistent with past practices with respect to any period after the date hereof. To the Knowledge of the Sellers, as of the date hereof none of the officers of the Business has provided oral or written notice to either Seller that he
or she intends to leave the employment of the Business. 
 (d) Set forth on Section 4.13(d) of the Disclosure Letter is a
description of all claims, lawsuits or Proceedings made or commenced against the Sellers or their Affiliates by officers or employees of the Business within the last twenty-four (24) months. 

(e) With respect to the transactions contemplated by this Agreement, any notice required under any law or collective bargaining agreement has
been given, and all bargaining obligations with any employee representative have been satisfied. 
 4.14 Employee Benefit Matters.

 (a) Section 4.14 of the Disclosure Letter lists each Employee Plan under which Sellers or any of their Affiliates have any
obligations with respect to any employee or former employee of the Business (the “Seller Employee Plans”). 
 (b) Each
Seller Employee Plan has been maintained, funded and administered in all material respects in accordance with its terms and complies in form and in operation in all material respects with the applicable requirements of the Employee Retirement Income
Security 

  
 - 24 - 

 
Act of 1974, as amended (“ERISA”), the Code and other applicable laws. Other than routine claims for benefits, there is no claim or lawsuit pending or, to the knowledge of the
Company, threatened in writing against or arising out of an Seller Employee Plan. Nothing has occurred with respect to any Seller Employee Plan that could reasonably be expected to subject Buyer to any liability under ERISA or to any tax, penalty,
or other liability under the Code. 
 (c) Each Seller Employee Plan that is intended to meet the requirements of Section 401 (a) of
the Code has received a favorable determination letter from the IRS or is maintained pursuant to a prototype or volume submitter plan and is entitled to rely upon a favorable opinion or advisory letter issued by the IRS with respect to such
prototype or volume submitter plan and there are no existing circumstances or events that would reasonably be expected to result in any revocation of, or change to, such determination letter or the unavailability of reliance on such opinion or
advisory letter from the IRS, as applicable, nor has such revocation or unavailability been threatened. 
 (d) Seller does not contribute to
and is not obligated to contribute nor has previously contributed to a multiemployer pension plan subject to Title IV of ERISA or a “multiple employer plan” within the meaning of Section 4063 or 4064 of ERISA that would result in any
withdrawal liability due to entering into the transaction contemplated by this Agreement. 
 (e) Notwithstanding anything to the contrary in
this Agreement, the representations and warranties set forth in this Section 4.14 are the sole and exclusive representations and warranties of Sellers with respect to employee benefit matters, including laws applicable to employee
benefits. 
 4.15 Taxes. All Tax returns for Taxes with respect to the Business for which Buyer could be liable following the Closing
(“Successor Liability Taxes”) have been timely filed by Sellers with the appropriate Taxing Authority or requests for extensions have been timely filed, granted, and have not expired for periods (or portions thereof) ended on or
before the Closing Date, and Sellers have paid all Successor Liability Taxes shown to be due on any such filed Tax returns. There are no Liens on any of the Purchased Assets resulting from any failure (or alleged failure) to pay any Successor
Liability Tax. No claim, audit or investigation of the Business is pending, or to Sellers’ Knowledge, threatened in writing, by any state, local, or other jurisdiction with respect to any Successor Liability Tax. 

4.16 Licenses and Permits. Section 4.16 of the Disclosure Letter sets forth all licenses, franchises, permits, approvals,
authorizations, exemptions, certificates, registrations and similar documents or instruments of all Governmental Authorities material to the operation of the Business as it is currently conducted (“Permits”) (except for those
required by Environmental Laws, which are exclusively and solely governed by Section 4.17), all of which are in full force and effect. Each Seller is in compliance with the terms and conditions of all such Permits in the name of such
Seller except where such non-compliance would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Neither Seller has received notice of any claimed or purported default under any Permit that remains
pending and uncured and there are no Proceedings pending, or, to the Knowledge of Sellers, threatened in writing, to cancel, materially modify or materially change any such Permit. 

  
 - 25 - 

 4.17 Environmental Matters. 

(a) Sellers are not in violation of, nor, to the Knowledge of Sellers, have any liability under, any applicable Environmental Laws with respect
to the Business, or the Business Real Property. In addition, except as set forth on Section 4.17 of the Disclosure Letter, Sellers together currently hold all Permits which are required under applicable Environmental Laws for the operation of
the Business and the Business Real Property as currently conducted (collectively, “Environmental Permits”) which Environmental Permits remain in full force and effect, and there are no pending or threatened Proceedings that would
reasonably be expected to result in the termination, revocation, non-renewal, or adverse modification of any such Environmental Permits, and neither Seller is in violation of any Environmental Permits. Section 4.17 of the Disclosure Letter sets
forth all Environmental Permits held by the Sellers for the Business and Business Real Property. Each Seller is in compliance with the terms and conditions of all such Environmental Permits. Neither Seller has received notice of any claims or
purported defaults or violations under any Environmental Permit that remains pending or uncured. 
 (b) There are no actions, suits,
Proceedings, or claims pending or, to Sellers’ Knowledge, threatened in writing by any Governmental Authority or Person against either Seller with respect to the Business, or the Business Real Property pursuant to any Environmental Laws,
Environmental Permits or Orders. 
 (c) Neither Seller nor, to the Knowledge of Sellers, its predecessors in interest or title, have used the
Business Real Property for the handling, treatment, storage, or disposal of any Hazardous Substances, except in compliance with applicable Environmental Laws and Environmental Permits. Neither Seller has received any written or, to the Knowledge of
Sellers, oral notice or claim indicating that such Seller or any other Person is potentially liable as a result of the spilling, dumping, discharge, or release by such Seller or any other Person of any Hazardous Substances at, on, in, under or about
the Business Real Property. 
 (d) No Hazardous Substances generated by the Business or at the Business Real Property have been sent,
transferred, transported to, treated, stored, or disposed of at any property that does or may require investigation or clean-up, including any site listed or proposed for listing on the National Priority List promulgated pursuant to CERCLA or to any
site listed on any state list of sites requiring or recommended for investigation or clean-up. Neither the Owned Real Property nor the Leased Real Property is listed on the National Priorities List or any state list of sites requiring or recommended
for investigation or clean up. 
 (e) Sellers have provided Buyer with substantially complete copies of all written information in their
possession or control pertaining to Sellers’ compliance with or liability under any Environmental Laws, Environmental Permits, or Orders pertaining to the Business, and Business Real Property, including environmental compliance audits, notices
of violations, environmental site assessments, Orders, regulatory inspections, information requests from Governmental Authorities, and any releases or threatened releases of Hazardous Substances pertaining to the Facilities. Listed on
Section 4.17 of the Disclosure Letter is a copy of all environmental reports, site assessments, Environmental Permits, and other environmental studies and reports possessed by or under the control of Sellers pertaining to the Business
and Business Real Property. Buyer acknowledges receipt of such documents. 

  
 - 26 - 

 (f) To the Knowledge of Sellers, no Hazardous Substances have been spilled, released, or disposed
at, on, in, under or about the Business Real Property prior to the Closing in violation of or which creates liability under any Environmental Laws or Environmental Permits. 

(g) Sellers have removed all friable asbestos-containing materials from the Norwood Facility. 

(h) Sellers agree to provide Buyer with a reliance letter, in a format and with terms and conditions acceptable to Buyer, from its consultant
for the September 2013 Phase I Environmental Site Assessments of the Greensboro Facilities. 
 (i) Except for the four (4) underground
storage tanks currently in use at the Norwood Facility, no other underground storage tanks exist on the Business Real Property. 
 4.18
Brokers. Except for any fees that will be paid by Sellers or their Affiliates to Robert W Baird & Co., neither this Agreement, any Transaction Document nor the sale of the Purchased Assets or any other transactions contemplated by
this Agreement was induced or procured through any Person acting on behalf of, or representing, Sellers or any of their Affiliates as broker, finder, investment banker, financial advisor or in any similar capacity, or has or will give rise to any
liability for any brokerage, finder’s or other fee or commission. 
 4.19 Insurance. Sellers maintain insurance policies which,
in all material respects, are against risks of a character and in such amounts as customary for companies of a similar size operating in the same or similar industry as the Business. Each insurance policy of Sellers pertaining to the Business is in
full force and effect as of the date hereof and all premiums payable to date have been paid. 
 4.20 Intellectual Property. 

(a) Section 4.20 of the Disclosure Letter sets forth a true and complete list of all the Business Intellectual Property. Except as
set forth on Section 4.20 of the Disclosure Letter, Labels Company or GPII, as applicable, owns and possesses good title to all the Business Intellectual Property. To the Knowledge of Sellers, Labels Company or GPII, as applicable, owns
or has the right to use all material Intellectual Property Rights used in the operation of the Business. 
 (b) No claims are pending before
a Governmental Authority or, to the Knowledge of Sellers, threatened in writing against either Seller as of the date of this Agreement with respect to the ownership, use or validity of any the Business Intellectual Property. Except as set forth on
Section 4.20 of the Disclosure Letter, since December 31, 2011, neither Seller has been sued or charged as a defendant in any claim, suit, action, or proceeding which involves a claim of infringement by the Business of any
Intellectual Property Rights of any third party and which has not been finally terminated prior to the date hereof. 

  
 - 27 - 

 (c) Each Seller owns and possesses the entire right, title and interest in and to all Business
Intellectual Property created or developed by, for or under the direction or supervision of such Seller or from the research or development conducted by such Seller. Sellers have used reasonable efforts, consistent with customary practices in the
industry in which they operate, to preserve the confidentiality of their respective trade secrets. 
 4.21 Inventory. The Inventory of
the Business (other than scrap) was acquired in bona fide transactions in the Ordinary Course and is useable and/or saleable in the Ordinary Course, subject to any reserves for Inventory write-downs reflected in the most recent balance sheet
included in the Financial Statements as adjusted for the passage of time in accordance with the past custom and practice of the Business. Sellers together have good and marketable title to the Inventory to be used or consumed in the Business free
and clear of all Liens, other than Permitted Exceptions. 
 4.22 Product Warranties. Except as set forth in Section 4.22
of the Disclosure Letter, each product manufactured, sold, leased, or delivered by the Business has been in conformity with all applicable contractual commitments and all express and implied warranties, and the Sellers have no liability or
obligation (and there is no basis for any present or future Proceedings against it giving rise to any liability or obligation) exceeding $25,000 for replacement or repair thereof or other damages in connection therewith. No product manufactured,
sold, leased, or delivered by the Business is subject to any guaranty, warranty, or other indemnity materially different from the applicable standard terms and conditions of sale or lease, other than those guaranties, warranties or other indemnities
set forth in customer purchase orders. 
 4.23 Certain Business Relationships with the Business. Except as disclosed on
Section 4.23 of the Disclosure Letter, neither GPII nor any of the Affiliates, directors, officers or employees of GPII or the Business is a supplier or customer of the Business. 

4.24 Customers; Suppliers. Section 4.24(a) of the Disclosure Letter sets forth (a) a true, correct and complete list of
the ten (10) largest customers of the Business (based on amounts of revenues from the customers for the twelve (12)-month period ended December 31, 2012) and (b) a true, correct and complete list of the ten (10) largest customers
of the Business (based on amounts of revenues from the customers for the 12-month period ended December 31, 2013). Section 4.24(b) of the Disclosure Letter sets forth a true, correct and complete list of the ten (10) largest
suppliers of the Business (based on amounts of payments to the suppliers for the twelve (12)-month period ended December 31, 2012) and the ten (10) largest suppliers of the Business based on amounts of payments to the suppliers for the
12-month period ended December 31, 2013. No customer listed on Section 4.24(a) of the Disclosure Letter has indicated, to the Knowledge of Sellers, that it shall stop, or materially decrease the rate of, buying materials, products
or services from the Business. No supplier of the Business listed on Section 4.24(b) of the Disclosure Letter has indicated, to the Knowledge of Sellers, that it shall stop, or materially decrease the rate of, supplying materials,
products or services to the Business. 

  
 - 28 - 

 ARTICLE V 

REPRESENTATIONS AND WARRANTIES OF BUYER 

Buyer warrants and represents to Sellers as follows: 

5.01 Due Formation. Buyer is a limited liability company duly organized, validly existing and in good standing under the laws of the
State of Ohio. 
 5.02 Authority. Buyer has the power and authority to enter into, and perform its obligations under, this Agreement
and each Transaction Document and has taken all requisite limited liability company action to authorize its execution and delivery of this Agreement and each Transaction Document to which it is a party and the performance of its obligations under
this Agreement and each Transaction Document to which it is a party; and this Agreement has been, and at Closing each such Transaction Document will be, duly executed and delivered by Buyer, and this Agreement is and at Closing each such Transaction
Document will be binding upon, and enforceable against, Buyer in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting enforcement of
creditors’ rights generally and by general principles of equity (whether applied in a proceeding at law or in equity.) 
 5.03 No
Violations. 
 (a) The execution, delivery or performance by Buyer of this Agreement and each Transaction Document to which it is a party
by Buyer does not and will not, after the giving of notice, or the lapse of time, or otherwise: violate, conflict with, result in a breach of, or constitute a default under, the organizational documents of Buyer, or any Law or any material contract,
agreement, commitment or plan to which Buyer is a party, except for those which, individually or in the aggregate, would not reasonably be expected to have a Buyer Material Adverse Effect. 

(b) The execution and delivery by Buyer of this Agreement and each Transaction Document does not, and the performance by Buyer of its
obligations hereunder and thereunder will not, require Buyer to obtain any consent, order, approval, authorization or other action of, or make any filing with or give any notice to, any Governmental Authority, except (i) pursuant to the
applicable requirements of the HSR Act or (ii) where failure to obtain such consents, orders, approvals, authorizations or actions, make such filings or give such notices would not, individually or in the aggregate, reasonably be expected to
have a Buyer Material Adverse Effect. 
 5.04 Brokers. There is no Person acting on behalf of, or representing, Buyer or any of its
Affiliates as broker, finder, investment banker, financial advisor or in any similar capacity who will be entitled to any fee in connection with the transactions contemplated hereby. 

5.05 Litigation. There are no Proceedings pending against Buyer or any of its assets or properties at law or in equity, before or by any
Governmental Authority, or by any other Person, which, individually or in the aggregate, would reasonably be expected to have a Buyer Material Adverse Effect. 

  
 - 29 - 

 5.06 Financial Ability. Buyer has on the date of this Agreement, and on the Closing Date
Buyer shall have, all funds necessary to purchase the Purchased Assets and to consummate the transactions contemplated by this Agreement and the Transaction Documents. There is no financing contingency or condition applicable to the transactions
contemplated by this Agreement. 
 ARTICLE VI 

CERTAIN COVENANTS 
 6.01
Government Filings. Sellers and Buyer have filed with the United States Federal Trade Commission (“FTC”) and the United States Department of Justice (“DOJ”) the notification and report form required for the
transactions contemplated hereby, and agree to promptly file any supplemental or additional information that reasonably may be requested in connection therewith pursuant to the HSR Act and comply in all material respects with the requirements of the
HSR Act. Sellers shall direct any proceedings or negotiations with any Governmental Authority relating to any of the foregoing at its sole cost and expense, provided, that it shall permit Buyer to review any communication given by it to, and
Buyer and Sellers shall consult with each other in advance of any meeting or conference with, the DOJ, the FTC or any other Governmental Authority or, in connection with any proceeding by a private party, with any other Person, and to the extent
appropriate or permitted by the DOJ, the FTC or such other applicable Governmental Authority or other Person, Sellers shall give Buyer the opportunity to attend and participate in such meetings and conferences. Notwithstanding the foregoing or
anything set forth in this Agreement, no Party’s obligations hereunder shall be deemed to require such Party to divest any assets or properties held by such Party or to hold any assets or properties separately as a condition of obtaining the
consent of any Governmental Authority to the transactions contemplated hereby. 
 6.02 Access to Records. Pending Closing, Sellers
shall, at all reasonable times, and upon reasonable prior notice, make the Facilities and any financial, operational and other books and records to the extent relating to the Business available for examination, inspection and review by Buyer and its
representatives who are bound by the terms of the Confidentiality Agreement; provided, however, that (a) Buyer shall not contact any customer of the Business without GPII’s prior written consent, (b) except with the prior
consent of GPII, Buyer’s inspections and examinations shall be conducted during normal business hours (c) Buyer shall not unreasonably disrupt the normal operations of the Business, and (d) except as set forth in
Section 6.10, in no event shall Buyer be permitted to perform any invasive or intrusive environmental testing and/or sampling without Sellers’ prior written consent to such testing and the proposed scope of same. Buyer hereby
acknowledges and agrees that neither the review by Buyer or its lenders, agents or representatives pursuant to this Section 6.02, nor the existence of this Section 6.02, shall be interpreted as any manner of “due
diligence” condition precedent to the consummation of any of the transactions contemplated hereby. Buyer shall immediately repair all damage to the Leased Real Property or the Owned Real Property occurring as a result of Buyer’s
investigations under this Section 6.02. 

  
 - 30 - 

 6.03 Conduct Pending Closing. From the date hereof until the Closing, Sellers shall
conduct and carry on the Business in the Ordinary Course and in material compliance with Law, and use commercially reasonable efforts to preserve intact the Purchased Assets, reasonable wear and tear excepted. Except as contemplated by this
Agreement or as otherwise consented to in writing by Buyer, which consent shall not be unreasonably conditioned, delayed or withheld, solely in connection with the operation of the Business, Sellers shall: 

(a) maintain the Facilities in the Ordinary Course, reasonable wear and tear excepted; 

(b) use commercially reasonable efforts in the Ordinary Course to maintain Inventory at customary levels consistent with past practice; 

(c) not purchase, sell, lease, license, mortgage, pledge or otherwise acquire or dispose of any properties, rights or assets of or in
connection with the Business with a value in excess of $100,000 individually or $1,000,000 in the aggregate, except for Inventory purchased, sold or otherwise disposed of in the Ordinary Course and except for purchases as required to remain in
compliance with Law; 
 (d) not enter into, or become obligated under, any lease, contract, agreement or commitment with respect to the
Business that would be a Material Contract if existing on the date hereof; 
 (e) not enter into any agreement or commitment with any
Affiliate of Sellers other than in the Ordinary Course and terminable without payment or penalty by the Business on or before Closing; 
 (f)
not grant any Lien, or permit or suffer to exist any Lien, other than a Permitted Exception, on any of the Purchased Assets or cancel any material debts or waive any material claims or rights pertaining to the Business or the Purchased Assets; 

(g) not change, amend or otherwise modify any accounting practice or policy with respect to the Business, except as required by Law or changes
in GAAP; 
 (h) not materially change, amend or otherwise modify or terminate any Material Contract, other than any expiration of any
Material Contract pursuant to its terms; 
 (i) maintain in full force and effect with respect to the Business, policies of insurance of
substantially the same type, character and coverage as the policies carried and maintained by the Business as of the date of this Agreement, it being understood and acknowledged that Sellers do not maintain property and casualty insurance on the
Facilities; 
 (j) not authorize or commit to make any capital expenditures following the Closing except aggregate capital expenditures of
less than $100,000; and 
 (k) not agree or commit to do or otherwise take any action inconsistent with any of the foregoing. 

  
 - 31 - 

 6.04 Consents. Subject to Section 6.05 and 12.02, Sellers shall use
commercially reasonable efforts to obtain prior to the Closing Date any consents, authorizations or approvals required to consummate the transactions contemplated by this Agreement (the “Consents”), including those set forth in
Section 6.04 of the Disclosure Letter; provided, however, that Sellers shall have no obligation to pay any third Person a fee to obtain any such consent, authorization or approval not already provided for by the applicable
agreement or Law; provided, further, that in the event any such fee is imposed, Sellers shall offer Buyer the opportunity to pay or reimburse Sellers for such fee in order to obtain such consent, authorization or approval. 

6.05 Investigation. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, IT IS UNDERSTOOD AND AGREED THAT SELLERS ARE NOT MAKING AND HAVE
NOT AT ANY TIME MADE ANY WARRANTIES OR REPRESENTATIONS OF ANY KIND OR CHARACTER, EXPRESSED OR IMPLIED, WITH RESPECT TO THE PURCHASED ASSETS OR ASSUMED LIABILITIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OR REPRESENTATIONS AS TO
MERCHANTABILITY, NON-INFRINGEMENT, FITNESS FOR A PARTICULAR PURPOSE, TITLE, ZONING, TAX CONSEQUENCES, LATENT OR PATENT PHYSICAL OR ENVIRONMENTAL CONDITION, OPERATING HISTORY OR PROJECTIONS, VALUATION, GOVERNMENTAL APPROVALS, THE TRUTH, ACCURACY OR
COMPLETENESS OF THE DOCUMENTS DELIVERED BY SELLERS OR ANY OTHER INFORMATION PROVIDED BY OR ON BEHALF OF SELLERS TO BUYER, OR ANY OTHER MATTER OR THING REGARDING THE PURCHASED ASSETS OR ASSUMED LIABILITIES. 

6.06 Commercially Reasonable Efforts. Subject to the terms and conditions provided in this Agreement, each of the parties hereto shall
use its commercially reasonable efforts to take promptly, or cause to be taken, all reasonable actions, and to do promptly, or cause to be done, all things reasonably necessary, proper or advisable under applicable Laws to consummate, to satisfy
such Party’s closing conditions and make effective the transactions contemplated hereby, to obtain all of such Party’s necessary waivers, consents and approvals under applicable Laws, including the timely transfer or assignment of all
Permits and Environmental Permits to the extent allowed by Law, and to effect all of such Party’s necessary registrations and filings under applicable Laws, in order to consummate and make effective the transactions contemplated by this
Agreement for the purpose of securing to the other Parties hereto the benefits contemplated by this Agreement. 
 6.07 Cooperation with
Financing. Sellers acknowledge that Buyer may use the Financial Statements and other information regarding the Business in connection with any debt financing necessary to consummate the transactions contemplated hereby. Sellers shall cooperate
in a commercially reasonable manner with Buyer prior to the Closing so that Buyer can obtain financing for the transactions contemplated by this Agreement. The foregoing cooperation of Sellers shall include (i) compiling the requisite financial
information and preparing any requisite financial statements, and (ii) subject to the terms of the Confidentiality Agreement and subject to Section 6.02, granting Buyer and its accountants and lenders and their respective
representatives full and complete access to the books and records and to personnel knowledgeable about such books and records, in each case, to the extent reasonably requested by Buyer. 

  
 - 32 - 

 6.08 Exclusivity. From the date hereof through the Closing Date or earlier termination of
this Agreement pursuant to Article IX, neither Seller shall, nor shall either of them permit its respective Affiliates, officers, directors, employees, representatives and agents to, directly or indirectly, encourage, consider, solicit,
participate in or initiate discussions or negotiations with, or provide any information to, any Person or group of Persons (other than Buyer or any of its Affiliates) in furtherance of any merger, sale of assets, sale of stock, financing or similar
transactions involving Labels Company, the Business or any material portion of the Purchased Assets. Without limiting the obligations under the preceding sentence, each Seller shall (i) immediately notify Buyer (orally and in writing) if any
discussions or negotiations are sought to be initiated, any inquiry or proposal is made, any information is requested with respect to the transactions contemplated hereby or any offer is made with respect to the Labels Company, the Business or any
material portion of the Purchased Assets, (ii) include in such notification the terms of any such proposal or offer that it may receive with respect thereto (and provide Buyer with a copy thereof in writing), including the identity of the
soliciting party, and (iii) keep Buyer informed with respect to the status of the foregoing. 
 6.09 Notice of Developments.
Sellers shall have the continuing obligation between the execution of this Agreement and the Closing to notify Buyer with respect to any matter hereafter arising or discovered which, if existing or known at the date of this Agreement, would have
been required to be set forth or listed in the Disclosure Letter, and shall set forth any such update in a written notice to Buyer; provided, however, the written notice pursuant to this Section 6.09 shall not be deemed, for purposes of
Article X, to have amended the Disclosure Letter, to have qualified the representations and warranties contained in Article IV or to have cured any misrepresentation or breach of warranty that otherwise might have existed hereunder by
reason of the development. 
 6.10 Environmental Matters. 

(a) Norwood Phase II. For a period of six (6) months following the Closing, Buyer shall be permitted to engage at Buyer’s
expense, TRC Companies, Inc., who employs a “Certified Professional” as defined by Rule 3745-300-01(21) of the Ohio Administrative Code (“OAC”), (the “Consultant”), to perform at the Norwood Facility a
Phase II Environmental Site Assessment in accordance with the work plan prepared by such Consultant (“Work Plan”) as set forth on Section 6.10 of the Disclosure Letter, and any subsequent amendments to the Work Plan as deemed
necessary by such Consultant, the approval of which shall not be unreasonably withheld, delayed or conditioned by the Sellers (the “Permitted Norwood Phase II”). Should such Consultant be delayed in performing the Permitted Norwood
Phase II for any reason outside of such Consultant’s or Buyer’s reasonable control, the Buyer’s right to conduct the Permitted Norwood Phase II set forth in this Agreement shall be extended for a commensurate time period. 

(b) Required Remediation. 

(i) If the Permitted Norwood Phase II indicates that environmental conditions exist at the Norwood Facility that: (1) are in violation of
any Environmental Laws or Environmental Permits; (2) exceed generic numerical standards established for applicable commercial and industrial exposures under OAC Rule 3745-300-08, as amended, or risk-based commercial and industrial standards
developed under OAC 3745-300-09, as amended, and risk-

  
 - 33 - 

 
based commercial and industrial standards developed under OAC 3745-300-09, as amended, for complete exposure pathways not addressed under OAC 3745-300-08, as amended (the “Remediation
Standards”); or (3) the presence of any friable asbestos, then, the Norwood Remediation, as herein defined, will be undertaken. It shall be assumed that any work required for the issuance of the NFA and CNS shall be deemed to be
reasonable. 
 (ii) Buyer agrees to solicit bids for the Norwood Remediation from several reputable and qualified consulting firms, and
Buyer may select a Consultant to perform the Norwood Remediation based on consideration of various factors, including, but not limited to, cost, timing, experience, expertise, success in obtaining CNS, etc., the selection of which shall be subject
to Sellers’ prior written approval, which approval shall not be unreasonably withheld, delayed or conditioned (such approved Consultant, the “Remediation Consultant”). If Sellers fail to respond to Buyer’s notice of the
scope and cost of the work, and selection of a Consultant to perform the Norwood Remediation within ten (10) Business Days, Sellers shall be deemed to approve of the scope and cost of the Norwood Remediation and Buyer’s selected
Consultant. 
 (iii) Buyer shall be permitted to engage the Remediation Consultant to address, remediate, abate, or correct such violations
or environmental conditions within the approved scope and budget: (1) to comply with Environmental Laws and/or Environmental Permits; (2) under the Voluntary Action Program created under Ohio Revised Code (“ORC”) Chapter
3746 and the rules adopted thereunder, as amended, to obtain a No Further Action Letter (the “NFA”) from the Certified Professional and a Covenant Not to Sue (“CNS”) from Ohio EPA relating to such environmental
conditions; and (3) remove any and all friable asbestos (individually or in the aggregate the “Norwood Remediation”). 

(iv) After Sellers have approved the scope of the Norwood Remediation, associated budget, and the Remediation Consultant, or waived such
right, Buyer shall control the Norwood Remediation and shall keep the Sellers reasonably informed of the progress of the Norwood Remediation (including providing the Sellers with copies of all material submissions, reports or correspondence related
thereto). If Buyer or either Seller receives any material notice or other correspondence from any Governmental Authority or other Person regarding the Norwood Remediation they shall promptly provide a copy of such notice to the other parties. Buyer
shall provide reasonable notice and the opportunity for the Sellers or their designee to: (1) be present at all meetings with the Remediation Consultant relating to the Norwood Remediation; and (2) review and provide comments to material
written communications with any Governmental Authority or other Person or any proposed resolution or settlement with such Governmental Authority or other Person regarding such matters. If Sellers fail to respond to Buyer concerning such notice or
provide comments to Buyer concerning such written communications with such Governmental Authority within five (5) days, Sellers shall be deemed to approve of such communications. 

(v) Remediation of any environmental conditions relating to the Norwood Remediation shall be in accordance with the Remediation Standards or
applicable Environmental Laws and Environmental Permits. Upon issuance of the CNS, Sellers’ obligations under Section 6.10(b) and Section 10.02(d) shall terminate and be deemed to have been discharged in full to the
extent relating to environmental conditions covered by the CNS, except for fulfillment of any ongoing obligations required in order to maintain the CNS and except as required to fulfill Buyer’s obligations under subsections
6.10(b)(i)(1), 6.10(b)(i)(3), 6.10(b)(iii)(1) and 6.10(b)(iii)(3). 

  
 - 34 - 

 (c) Other Environmental Site Assessments. Other than the Permitted Norwood Phase II and as
required in connection with the Norwood Remediation, Buyer and its Affiliates, consultants, agents or employees shall not perform any subsurface environmental sampling, drilling, testing or other investigation on any of the Business Real Property
after the Closing, unless such subsurface sampling, drilling, testing or other investigation is: (i) required by any Environmental Laws, or Environmental Permits; (ii) required in response to a written Order by a Governmental Authority
(except if such requirement was precipitated by the conduct prohibited in Section 6.10(d)); (iii) required by the Landlord of any Leased Real Property to comply with existing or former Leased Real Property leases; or (iv) with the
prior written consent of the Sellers. Notwithstanding anything herein to the contrary and without limiting any of Buyer’s other remedies, in the event that Buyer or its Affiliates breaches this Section 6.10(c), Buyer and its
Affiliates shall not be entitled to indemnification under Article X with respect to any new matters discovered in connection with any such prohibited sampling, drilling, testing or other investigation. 

(d) Governmental Notices. Neither Buyer nor any Seller shall, and each shall cause its respective Affiliates, consultants, agents or
employees not to, initiate any notice to, or action with, any Governmental Authority with respect to any matter for which Buyer may seek indemnification under Section 10.02 other than in each case any reporting, notice or other action
that is required under Laws, the Environmental Permits, the NFA, the CNS, or comparable approvals, or as otherwise set forth in this Agreement. 

6.11 [Intentionally Omitted] 

6.12 Make Good Provision. If Buyer vacates the Greensboro Facility and the Greensboro Warehouse Facility upon the expiration of the
current term of the Greensboro Lease Agreements, Buyer shall provide Sellers 30 days prior written notice of Buyer’s intention to terminate the Greensboro Lease Agreement and vacate the Greensboro Facility and the Greensboro Warehouse Facility.
Sellers shall remove any alterations, additions, or improvements constructed at the Greensboro Facility in accordance with Section 13 of the Greensboro Lease Agreement for the Greensboro Facility and Section 10 of the Greensboro Lease
Agreement for the Greensboro Warehouse Facility and to otherwise repair any damage to the Premises (as such term is defined in the Greensboro Lease Agreements) that exist on the Closing Date to the extent such repairs are required to be made in
accordance with the terms of the Greensboro Lease Agreements. 
 6.13 Tax Matters. Buyer, on the one hand, and Sellers, on the other,
shall cooperate, as and to the extent reasonably requested by the other party, in connection with any audit, litigation or other proceeding with respect to Successor Liability Taxes. Such cooperation shall include the retention and (upon the other
party’s request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and
explanation of any material provided hereunder. Buyer and Sellers agree (i) to retain all books and records with 

  
 - 35 - 

 
respect to Tax matters pertinent to Sellers and the Purchased Assets relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to
the extent notified by Buyer or Sellers, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into with any Taxing Authority, and (ii) to give the other parties reasonable written
notice prior to transferring, destroying or discarding any such books and records and, if the other party so requests, Buyer or Sellers, as the case may be, shall allow such party to take possession of such books and records. Buyer and Sellers
further agree, upon request, to use commercially reasonable efforts to obtain any certificate or other document from any governmental authority or any other Person as may be necessary to mitigate, reduce or eliminate any Tax that could be imposed
(including, but not limited to, with respect to the transactions contemplated hereby). Any information received by any party under this Section 6.13 shall be kept confidential by the receiving party and its representatives except as may
otherwise be required in connection with the filing of any Tax return or any claim for refund or in conducting any audit or other proceeding before any Taxing Authority. 

ARTICLE VII 
 CONDITIONS
TO CLOSING APPLICABLE TO BUYER 
 The obligations of Buyer hereunder are subject to the following conditions precedent: 

7.01 Bring-Down of Sellers Warranties and Covenants. (a) The warranties and representations made by Sellers in Article IV
shall be true and correct on and as of the Closing Date (except to the extent expressly made as of an earlier date, in which case as of such date) with the same effect as if such warranties and representations had been made on and as of the Closing
Date, except where any such failures to be so true and correct, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect; (b) Sellers shall have performed and complied with, in all material
respects, all agreements, covenants and conditions on their respective parts required to be performed or complied with by this Agreement on or prior to the Closing Date; and (c) at the Closing, Buyer shall have received a certificate executed
by an authorized officer of Sellers evidencing satisfaction of the conditions set forth in clauses (a) and (b). 
 7.02 No Order.
No Governmental Authority shall have enacted, issued, promulgated, enforced or entered any Law which is in effect and has the effect of making the transactions contemplated by this Agreement illegal or otherwise restraining or prohibiting the
consummation of such transactions. 
 7.03 Compliance with HSR Act. The waiting period imposed under the HSR Act shall have expired or
been terminated. 
 7.04 Closing Deliverables. Sellers shall have delivered to Buyer duly executed counterparts to the Transaction
Documents (other than this Agreement) and such other documents and deliveries set forth in Section 3.02. 

  
 - 36 - 

 ARTICLE VIII 

CONDITIONS TO CLOSING APPLICABLE TO SELLERS 

The obligations of Sellers hereunder are subject to the following conditions precedent: 

8.01 Bring-Down of Buyer Warranties and Covenants. (a) All warranties and representations made by Buyer herein to Sellers in
Article_V shall be true and correct on and as of the Closing Date (except to the extent expressly made as of an earlier date, in which case as of such date) with the same effect as if such warranties and representations had been made on and
as of the Closing Date, except where any such failures to be so true and correct, individually or in the aggregate, would not reasonably be expected to result in a Buyer Material Adverse Effect; (b) Buyer shall have performed and complied with,
in all material respects, all agreements, covenants and conditions on its part required to be performed or complied with by this Agreement on or prior to the Closing Date; and (c) at the Closing, Sellers shall have received a certificate
executed by an authorized officer of Buyer evidencing satisfaction of the conditions set forth in clauses (a) and (b). 
 8.02 No
Order. No Governmental Authority shall have enacted, issued, promulgated, enforced or entered any Law which is in effect and has the effect of making the transactions contemplated by this Agreement illegal or otherwise restraining or prohibiting
the consummation of such transactions. 
 8.03 Payment of the Closing Payment. The Closing Payment shall have been paid to Sellers.

 8.04 Compliance with HSR Act. The waiting period imposed under the HSR Act shall have expired or been terminated. 

8.05 Closing Deliverables. Buyer shall have delivered to Sellers duly executed counterparts to the Transaction Documents (other than
this Agreement) and such other documents and deliveries set forth in Section 3.03. 
 ARTICLE IX 

TERMINATION 
 9.01
Termination. This Agreement may be terminated at any time prior to the Closing as follows: 
 (a) by mutual consent of Buyer and
Sellers; 
 (b) by Buyer, if there shall have been any Material Adverse Effect; 

(c) by Buyer or Sellers, if the Closing shall not have occurred on or before February 3, 2014 (the “End Date”): 

(d) by Buyer, if Sellers shall have breached or failed to perform of any of the covenants and agreements of Sellers set forth in this
Agreement, which breach or failure to perform (i) would result in the failure of a condition set forth in Article VII and (ii) is not cured 

  
 - 37- 

 
prior to the earlier of (A) 30 days following receipt by Sellers of written notice of such breach or failure and (B) the End Date; provided, further, that Buyer shall not
have the right to terminate this Agreement pursuant to this Section 9.01(d) if it is then in material breach of any of its representations, warranties, covenants or agreements set forth in this Agreement; or 

(e) by Sellers, if Buyer shall have breached or failed to perform of any of the covenants and agreements of Buyer set forth in this Agreement,
which breach or failure to perform (i) would result in the failure of a condition set forth in Article VIII and (ii) is not cured prior to the earlier of (A) 30 days following receipt by Buyer of written notice of such breach
or failure and (B) the End Date; provided, further, that Sellers shall not have the right to terminate this Agreement pursuant to this Section 9.01(e) if it is then in material breach of any of its representations,
warranties, covenants or agreements set forth in this Agreement. 
 9.02 Effect of Termination. In the event that this Agreement is
terminated pursuant to Section 9.01, written notice thereof shall be given to the other Parties, specifying the provision(s) pursuant to which such termination is made, and this Agreement shall forthwith become null and void, except
(i) for the provisions of Article I, Article XIII and this Section 9.02, all of which shall survive termination of this Agreement and (ii) that no termination shall relieve any Party from liability for any willful
or intentional breach of this Agreement. 
 ARTICLE X 

INDEMNIFICATION 
 10.01
Survival. Except for those representations and warranties set forth in Sections 4.01, 4.02, 4.03(b), clause (i) of 4.08(a) as it pertains to title to Owned Real Property, the first and second sentence of 4.09, 5.01, 5.02 and 5.03 (the
“Fundamental Representations”) and those representations set forth in Section 4.17 (the “Environmental Representations”), the representations and warranties set forth in Article IV and Article V of this Agreement
and the Disclosure Letter attached hereto shall terminate and cease to have any further force or effect eighteen (18) months after the Closing Date. Fundamental Representations and Environmental Representations shall terminate and cease to have
any further force and effect until the latter of five (5) years after the Closing Date (with respect to the Environmental Representations) or the statute of limitations under any applicable Laws. The applicable date after which an applicable
representation and warranty set forth in this Agreement shall cease to have any further force and effect is the applicable “Expiration Date.” Notwithstanding the foregoing, any Notice of Claim asserted in good faith with reasonable
specificity (to the extent known at such time) and in writing by notice prior to the applicable Expiration Date shall not thereafter be barred by the Expiration Date and such claims shall survive until finally resolved. 

10.02 GPII Indemnification. Subject to the limitations in Sections 10.01 and 10.03, from and after the Closing, GPII
agrees to indemnify, defend and hold Buyer, its Affiliates and each of their officers, directors, employees and agents (collectively, the “Buyer Indemnitees”) harmless against any actual out of pocket loss, damage, debt, liability,
obligation, interest, penalty, cost and expense (including reasonable attorneys’ fees and expenses) (collectively, “Losses”) which arise out of or are in respect of: 

(a) any breach of any representation or warranty made by GPII in Article IV; 

  
 - 38 - 

 (b) any breach of or failure by Sellers to carry out, perform, satisfy and discharge any
covenants or agreements made by Sellers (or any of them) in this Agreement or any other Transaction Document; 
 (c) any Pre-Closing
Environmental Matters; 
 (d) the Norwood Remediation Expenses; 

(e) any and all Retained Liabilities (other than Retained Liabilities that could be considered Pre-Closing Environmental Matters); or 

(f) all Successor Liability Taxes (or the nonpayment thereof) with respect to the Purchased Assets: (i) for all Tax periods ending on or
before the Closing Date and the portion through the end of the Closing Date for any Tax period that includes (but does not end on) the Closing Date, (ii) of an affiliated, consolidated, combined, or unitary group of which Sellers (or any
predecessor) are or were members on or prior to the Closing Date, including pursuant to Treasury Regulation Section 1.1502-6 or any analogous or similar state, local, or non-U.S. law or regulation, and (iii) of any Person imposed on Sellers as
a transferee or successor, by contract or pursuant to any Law, rule or regulation, which Taxes relate to an event or transaction occurring before the Closing, in each case, to the extent the liability therefor exceeds any amount reserved for in the
Financial Statements on account of such liability. 
 10.03 Limitations. The parties right to indemnification pursuant to Sections
10.02 or 10.04 shall be subject to the following limitations: 
 (a) Sellers shall not have any obligation pursuant to Sections
10.02(a) or 10.02(c), 
 (i) for any individual Loss or series of related Losses, except to the extent that the amount of such
Losses or series of related Losses under Section 10.02(a) or 10.02(c) (other than with respect to Environmental Representations) exceeds Twenty-Five Thousand Dollars ($25,000) and then for the amount of all Losses beginning at
dollar one; 
 (ii) for any Loss, except to the extent all Losses for which the Buyer Indemnitees are entitled to indemnification pursuant
to Section 10.02(a) or Section 10.02(c) (after giving effect to the limitation set forth in Section 10.03(a)(i))) exceeds $600,000 (the “Deductible”), and then only for the amount by which all
such Losses exceed the Deductible; 
 (iii) for Losses under Section 10.02(a) or Section 10.02(c) other than
relating to the Fundamental Representations and claims sounding in fraud, exceeding, in the aggregate with all other Losses indemnified pursuant to Section 10.02(a) and Section 10.02(c), Twenty Percent (20%) of the
Purchase Price less the amount of all Norwood Remediation Expenses actually incurred by Sellers (including amounts paid out of the Escrow Amount); and 

(iv) for any Loss with respect to which a Notice of Claim is provided after the applicable Expiration Date. 

  
 -39 - 

 For the avoidance of doubt, the Parties acknowledge and agree the limitations set forth in this
Section 10.03 shall not apply to any Claim made pursuant to Section 10.02(d) to the extent within the approved scope of the Norwood Remediation and associated budget_regardless of whether such Claim also constitutes a breach
of a representation or warranty or a Pre-Closing Environmental Matter. 
 (b) In computing such individual or aggregate amounts of claims,
the amount of each claim shall be deemed to be an amount net of any insurance proceeds and any indemnity, contribution or other similar payment actually recovered by the Indemnified Party or any Affiliate of the Indemnified Party from any third
party with respect thereto. In the event that the Indemnifying Party shall be obligated to indemnify the Indemnified Party pursuant to this Article X, the Indemnifying Party shall, upon payment of such indemnity, be subrogated to all rights
of the Indemnified Party with respect to the Loss to which such indemnification relates; provided, however, that the Indemnifying Party shall only be subrogated to the extent of any amount paid by it pursuant to this Article X
in connection with such Loss. 
 (c) An Indemnified Party shall be entitled to indemnification pursuant to this Article X only with
respect to the amount of Losses that are in excess of the cash proceeds actually received by such Indemnified Party (after deducting reasonable costs and expenses incurred in connection with recovery of such proceeds) pursuant to such Indemnified
Party’s insurance policies. 
 10.04 Buyer Indemnification. Subject to the limitations in Section 10.01 and
10.03, from and after the Closing, each of Parent and Buyer agrees, jointly and severally, to indemnify, defend and hold Sellers, their Affiliates and each of their officers, directors, employees and agents (the “Seller
Indemnitees”) harmless against any Losses which arise out of or are in respect of: 
 (a) the operation of the Business from and
after the Closing Date; 
 (b) any breach of any representation or warranty made by Buyer in Article V; 

(c) any breach of or failure by Buyer to carry out, perform, satisfy and discharge any covenants or agreements made by Buyer in this Agreement
or any other Transaction Document (other than the Transition Services Agreement, which shall be governed by the terms thereof); or 
 (d) any
and all Assumed Liabilities. 
 10.05 Indemnification Notice. Promptly upon obtaining knowledge of any claim, event, fact or demand
which gives rise to, or is reasonably expected to give rise to, a claim for indemnification hereunder, any Party seeking indemnification under this Article X (an “Indemnified Party”) shall give written notice of such claim or
demand (“Notice of Claim”) to the Party from which indemnification is sought (an “Indemnifying Party”), setting forth the amount of the claim, if known. The Indemnified Party shall furnish to the Indemnifying Party,
in reasonable detail, such information as it may have with respect to such indemnification claim (including copies of any summons, complaint or other pleading which may have been served on it and any written claim, demand, invoice, billing or other
document evidencing or asserting the 

  
 - 40 - 

 
same). No failure or delay by the Indemnified Party in the performance of the foregoing shall reduce or otherwise affect the obligation of any Indemnifying Party to indemnify, defend and hold the
Indemnified Party harmless, except to the extent that such failure or delay shall have adversely affected the Indemnifying Party’s ability to defend against, settle, mitigate or satisfy any Loss for which the Indemnified Party is entitled to
indemnification hereunder. 
 10.06 Indemnification Procedure. If the claim or demand set forth in the Notice of Claim given by the
Indemnified Party pursuant to Section 10.05 relates to a claim or demand asserted by a third party, the Indemnifying Party shall have the right to elect (by notice in writing to the Indemnified Party within thirty (30) days after
the date the Notice of Claim is deemed delivered pursuant to Section 13.10) to defend such third party claim or demand on behalf of the Indemnified Party, at the Indemnifying Party’s sole cost and expense. If the Indemnifying Party
elects to defend such third party claim or demand, the Indemnified Party shall make available to the Indemnifying Party and its agents and representatives as reasonably requested all records and other materials which are reasonably required in the
defense of such third party claim or demand and shall otherwise reasonably cooperate with and assist the Indemnifying Party in the defense of such third party claim or demand, subject to the reimbursement of the reasonable costs and expenses
incurred by the Indemnified Party as a result of a request by the Indemnifying Party to so cooperate. So long as the Indemnifying Party is defending such third party claim or demand in good faith, the Indemnified Party shall not pay, settle or
compromise such third party claim or demand without the consent of the Indemnifying Party, such consent not to be unreasonably withheld, delayed or conditioned. If the Indemnifying Party elects to defend such third party claim or demand, the
Indemnified Party shall have the right to participate in the defense of such third party claim or demand, at its own expense, provided, however, that if the Indemnifying Party does not elect to defend such third party claim or demand,
does not defend such third party claim in good faith or a timely manner, or if there are one or more legal defenses available to the Indemnified Party that conflict with those available to the Indemnifying Party, the Indemnified Party shall have the
right, in addition to any other right or remedy it may have hereunder, at the Indemnifying Party’s expense, to defend or participate in the defense of such third party claim or demand. 

10.07 Effect of Indemnity Payments. The parties agree to treat all payments made under the indemnity provisions of this Article X
as adjustments to the Purchase Price for Tax purposes and that such agreed treatment shall govern for purposes hereof. 
 10.08 Exclusive
Remedy. The Parties hereto hereby acknowledge and agree that, other than claims sounding in fraud, their sole and exclusive remedy after the Closing Date with respect to any and all claims for money damages relating to the subject matter of this
Agreement, the Transaction Documents and any and all agreements contemplated by this Agreement (other than the Transition Services Agreement, which shall be governed by the terms thereof) shall be pursuant to the indemnification provisions set forth
in this Article X. In furtherance of the foregoing, other than claims sounding in fraud, each Party hereto hereby waives, to the fullest extent permitted under applicable Law, any and all rights, claims and causes of action it may have
against the other Party in respect of this Agreement, the Transaction Documents or the transactions contemplated herein or based upon any Law (including any such rights, claims or causes of action arising under or based upon common law or otherwise)
or Environmental Laws to seek money damages. 

  
 - 41 - 

 10.09 Escrow. From and after the Closing, the Buyer Indemnitees shall be entitled to
payment from the Escrow Amount pursuant to the Escrow Agreement for all Losses for which any Buyer Indemnitee is entitled under this Buyer shall be required, in seeking indemnification pursuant to Section 10.02 to first
seek payment for such indemnification claim from the Escrow Amount then held by the Escrow Agent, prior to seeking payment from any Seller. 

10.10 Norwood Expense Notices. From time to time until the Norwood Remediation is complete and subject to the conditions set forth
herein and in the Escrow Agreement, Buyer may execute and deliver to the Escrow Agent (with a copy to Sellers) a letter (an “Expense Notice”) requesting that the Escrow Agent pay in cash by wire transfer of immediately available
funds an amount equal to the amount billed for Norwood Remediation Expenses in accordance with Section 6.10 up to the date of the Expense Notice. Such Expense Notice shall list the relevant Norwood Remediation Expenses and shall include
reasonable documentation relating to such Norwood Remediation Expenses. The Escrow Agent shall pay in cash by wire transfer of immediately available funds to Buyer or its designee an amount equal to the Norwood Remediation Expenses the subject of
such Expense Notice on the eleventh (11th) Business Day after having received such Expense Notice together with certification by Buyer that Sellers have received such Expense Notice unless the Escrow Agent has received from Seller (with a copy to
Buyer or its designee) a written objection to any or all such Norwood Remediation Expenses during the prior ten (10) Business Days), in such case the Escrow Agent shall pay only the undisputed portion of the Norwood Remediation Expenses to
Buyer or its designee. 
 ARTICLE XI 

EMPLOYEE MATTERS 
 11.01
Employment of Employees. As of the Closing Date, Seller shall terminate from employment and Buyer will offer employment to the employees of the Business listed on Section 11.01 of the Disclosure Letter who remain employed by the
Sellers as of the Closing Date (the “Business Employees”). Sellers shall be responsible for the payment of all earned but unpaid salaries, bonus, vacation pay, sick pay, holiday pay, and other like obligations and payments to the
Business Employees for all periods ending on or prior to the Financial Effective Time. All Business Employees who accept Buyer’s offer of employment “Transferred Employees” shall be immediately employed on an uninterrupted
basis by Buyer as of the Closing Date. Immediately following the Closing Date, Buyer shall be responsible for providing each Transferred Employee who has commenced active employment with Buyer or one of its Affiliates with his or her compensation
earned following the Financial Effective Time; provided, however, that compensation earned between the Financial Effective Time and the Closing Date shall be paid in accordance with Section 2.08. Buyer shall also provide each Transferred
Employee who has commenced active employment with Buyer or one of its Affiliates with employee benefits that are no less favorable in the aggregate than the employee benefits provided by Buyer and its Affiliates to its similarly situated (based on
position, responsibilities and location) employees from time to time; provided that nothing contained herein shall mean that Buyer must offer any benefits under any defined benefit plan or equity compensation plan. Notwithstanding anything in
this Section 11.01 to the contrary, with respect to any Business Employee who as of the Closing Date is on military leave, sick leave, maternity leave or short-term disability, except as required by applicable law, Buyer need only offer
to employ such Business Employee for the 

  
 - 42 - 

 
period beginning after such absence if such Business Employee returns to employment in accordance with the terms of such Business Employee’s leave, provided that such Business
Employee commences active employment with Buyer no later than six (6) months after the Closing Date. Notwithstanding the foregoing, such six (6) month limitation shall not apply to Business Employees on military leave as long as such
Business Employee applies to return to employment within ninety (90) days of release or honorable discharge from armed services. Any Business Employee who is on leave on the Closing Date and commences active employment with Buyer in accordance
with the preceding sentence will cease employment with Sellers at the end of such leave of absence. 
 11.02 Sellers’ Employee
Plans. The Transferred Employees shall cease to be eligible to participate and/or be active participants in the Sellers’ Employee Plans as of the Closing Date. No Employee Plan assets or liabilities held by Sellers shall be transferred to
Buyer. The Sellers shall retain all assets in any such plans and shall distribute benefits to such Transferred Employees that shall become entitled to such benefits in accordance with the applicable plan document and each such employee’s
election, as applicable. 
 11.03 COBRA; WARN Act. On or immediately after the Closing Date, Sellers will begin providing health care
coverage to Transferred Employees and their qualified beneficiaries in accordance with the continuation health care coverage requirements of Section 4980B of the Code and Title I, Subtitle B, Part 6 of ERISA (“COBRA”) or any
similar provisions of state law without requiring Transferred Employees to complete the election process in order to continue the health care coverage and such coverage shall continue until the earlier of (1) Buyer begins to provide healthcare
coverage to the Transferred Employees and their qualified beneficiaries, (2) six months following the Financial Effective Time, or (3) Sellers’ obligations to provide health care coverage to Transferred Employees and their qualified
beneficiaries expires, whichever occurs earlier. Buyer shall promptly reimburse Sellers the full COBRA rate which Sellers may charge for COBRA coverage to the Transferred Employees and their qualified beneficiaries on and after the Closing Date,
including those Transferred Employees (and their qualified beneficiaries) whose employment with Buyer terminates, for any reason, after the Closing Date. Sellers shall be responsible for providing any notice required pursuant to the United States
Federal Worker Adjustment and Retraining Notification Act of 1988, any successor United States federal law, and any other applicable plant closing notification law (collectively, “WARN”) with respect to a layoff or “plant
closing” (i.e., a closing of the Facilities to the extent deemed to have occurred by WARN) relating to the Business that occurs prior to the Closing Date and Buyer shall be responsible for providing any notice required pursuant to WARN with
respect to a layoff or “plant closing” relating to the Business that occurs after the Closing Date. Buyer shall indemnify and hold harmless Sellers for any WARN obligations resulting from Buyer’s failure to offer Business Employees
employment on or after the Closing Date. 
 11.04 Wage Reporting. With respect to employment Tax matters (a) Buyer and Sellers
shall agree to elect the “predecessor-successor” basis for each Transferred Employee pursuant to the standard procedures in Section 4 of Revenue Procedure 2004-53, 34 I.R.B. 320 and (b) Buyer and Sellers shall work in good faith
to adopt similar procedures under applicable wage payment, reporting and withholding Laws in all appropriate jurisdictions. 

  
 - 43 - 

 11.05 Vacation. Buyer agrees to give each Transferred Employee credit for prior years of
service with Sellers for purposes of calculating vacation eligibility that may be received pursuant to the vacation policy of Buyer as is or may be in effect from time to time after the Closing Date. Sellers shall pay to each Transferred Employee
other than union employees the cash value of all accrued but unused vacation days within 10 Business Days of the Closing. Seller shall transfer to Buyer and Buyer shall credit each union Transferred Employee with the amount of vacation such union
Transferred Employee has accrued as of the Closing Date. 
 11.06 Buyer’s Employee Plans. For purposes of Buyer’s Employee
Plans, each Transferred Employee shall receive credit for prior years of service with Sellers for purposes of eligibility, vesting, and level of benefits under such plans (but shall not receive credit for benefit accrual purposes, other than as
noted in this Article XI) and shall be entitled to participate in the Employee Plans of Buyer without the application of any applicable waiting periods or actively at-work conditions. Buyer shall waive any restrictions and limitations on
preexisting medical conditions under its medical plans, except as required by Law; provided the Sellers provide Buyer with information regarding deductibles, offsets and out-of-pocket requirements, Buyer will use commercially reasonable efforts to
provide the Transferred Employees and their eligible dependents with credit for deductibles, offsets and maximum out-of-pocket requirements made under medical, dental, vision and other welfare Employee Plans of Sellers for the year in which the
Closing Date occurs under Buyer’s employee plans and for purposes of satisfying any applicable co-payment, deductible, out-of-pocket maximum or similar requirements under such Buyer employee plans. Within 90 days after the Closing, Buyer shall
cause the Transferred Employees to be eligible to participate in a tax qualified defined contribution plan sponsored by the Buyer. Buyer shall take all reasonable action necessary to permit the roll over to such tax qualified defined contribution
plan(s) of account balances from the Seller’s 401(k) plan that are intended to be tax qualified defined contribution plans in which Transferred Employees participated immediately prior to the Closing Date; provided in no event will Buyer be
obligated to permit Transferred Employees to transfer their outstanding loans from Seller’s 401(k) plan to Buyer’s tax qualified defined contribution plan. 

11.07 Management Incentive Plan. Sellers will pay all amounts owing to the Business Employees under the GPII Management Incentive Plan
for the calendar year ending December 31, 2013 on or before March 30, 2014. 
 11.08 Effect of Agreement. This Agreement is
not intended by the parties to constitute a plan amendment to or create any obligations of the parties with respect to any Employee Plan of Buyer or Sellers. 

ARTICLE XII 
 CERTAIN
OTHER UNDERSTANDINGS 
 12.01 Post-Closing Access to Records and Records Retention. 

(a) Buyer and Sellers shall provide each other with such assistance as may reasonably be requested by the other in connection with the
preparation of any return or report of Taxes, any audit or other examination by any Taxing Authority, or any judicial or administrative Proceedings relating to liabilities for Taxes. Such assistance shall include making employees

  
 - 44 - 

 
available on a mutually convenient basis during normal business hours to provide additional information or explanation of material provided hereunder and shall include providing copies of
relevant Tax returns and supporting material. The Party requesting assistance hereunder shall reimburse the assisting Party for reasonable out-of-pocket expenses incurred in providing assistance. Buyer and Sellers will retain for the full period of
any statute of limitations and provide the other with any records or information which may be relevant to such preparation, audit, examination, proceeding or determination. 

(b) Without limiting Section 12.01(a) above, in order to facilitate the resolution of any claims made by or against any third party
(other than any such claims made by or against the other Party) after the Closing, upon reasonable notice, each Party hereto shall, after the Closing but subject to any confidentiality obligation to a third Person, maintenance of attorney-client
privilege and any other bona fide and good faith restriction on its ability to provide information or access: (i) afford the officers, employees and authorized agents and representatives of the other Party reasonable access, during normal
business hours, to the offices, properties, books and records of such Party with respect to the operation of the Business that are in the possession of such Party, (ii) furnish to the officers, employees and authorized agents and
representatives of the other Party such additional financial and other information regarding the Business as the other Party may from time to time reasonably request and (iii) make available to the other Party the employees of such Party whose
assistance, testimony or presence of such persons as witnesses in hearings or trials for such purposes; provided, however, that such investigation shall not unreasonably interfere with the business or operations of such Party. In no
event shall Sellers have access to the tax returns of Buyer. 
 (c) Each Party hereto agrees for a period extending five (5) years after
the Closing Date not to destroy or otherwise dispose of any records relating to the Business and to the period prior to Buyer’s acquisition of the Purchased Assets and assumption of the Assumed Liabilities. After such five (5) year period,
such Party may destroy or otherwise dispose of such records if such Party shall offer in writing to surrender such records to the other Party and the other Party shall fail to agree in writing to take possession thereof during the thirty
(30) day period after such offer is made. 
 12.02 Consents Not Obtained at Closing. Notwithstanding anything to the contrary in
this Agreement, this Agreement shall not effectuate the assignment or transfer any instrument, contract, lease, permit or other agreement or arrangement or any Claim, right or benefit arising thereunder or resulting therefrom if an assignment or
transfer or an attempt to make such an assignment or transfer without the consent or approval of a third party or governmental approval would constitute a breach or violation thereof or affect adversely the rights of Buyer or any Seller thereunder;
and any transfer or assignment to Buyer by Sellers of any interest under any such instrument, contract, lease, permit or other agreement or arrangement that requires the consent of a third party or governmental approval shall be made subject to such
consent or approval being obtained. In the event any such consent or approval has not been obtained on or prior to the Closing Date, the Sellers shall use commercially reasonable efforts to (i) provide to the Buyer the benefits of any such
instrument, contract, lease, permit, agreement, arrangement or claim, right or benefit and (ii) cooperate with the Buyer to reach a reasonable and lawful arrangement designed to provide such benefits to the Buyer. Nothing in this
Section 12.02 shall be deemed to constitute a limitation on Sellers’ obligation to disclose any matter in Section 4.03(a) or Section 4.03(b) of the Disclosure Letter, any matter which would be required to be
disclosed, but for the application of this Section 12.02. 

  
 - 45 - 

 12.03 Bulk Sale Waiver. The parties hereto acknowledge and agree that no filings with
respect to any bulk sales or similar Laws have been made, nor are they intended to be made, nor are such filings a condition precedent to the Closing. 

12.04 Use of Business Names. 

(a) Buyer and its Affiliates may use the supply of product literature and advertising that is part of the Inventory until such supply is
exhausted or until the end of the period of 30 days after the Closing Date (the “Initial Phase-out Period”), whichever occurs earlier. 

(b) Buyer and its Affiliates may sell and otherwise distribute the supply of products that is part of the Inventory at Closing, even though the
products bear the names “Graphic Packaging”, until the end of the Initial Phase-out Period. 
 (c) Buyer shall remove all
“Graphic Packaging” signs from the premises and equipment it acquires under this Agreement within thirty (30) days after the Closing Date. 

(d) Other than as provided above in this Section 12.04, no use of “Graphic Packaging”, in logo form or in any other
manner shall be made by Buyer or its Affiliates. Neither Buyer nor its Affiliates shall acquire or adopt any name, trademark or trade dress similar or confusingly similar to any name or trademark retained by Sellers under this Agreement. 

12.05 Communications and Remittances. 

(a) All mail, communications, notices and/or remittances regarding the Accounts Receivable and any sales, reimbursements or credits relating to
sales after the Financial Effective Time possessed or received by Sellers at any time after the Financial Effective Time shall be turned over to Buyer within ten (10) Business Days of the later of the Financial Effective Time or receipt by
Sellers. Sellers shall cooperate with Buyer, and take such actions as Buyer may reasonably request, to assure that customers of the Business send such remittances directly to Buyer and to assure that such remittances from customers of the Business
which are improperly sent to Sellers are not commingled with Sellers’ assets, but are promptly delivered to Buyer. 
 (b) Except to the
extent constituting Purchased Assets, all mail, communications, notices and/or remittances regarding sales, reimbursements or credits relating to sales prior to the Closing Date possessed or received by Buyer at any time after the Closing Date shall
be promptly turned over to Sellers. Buyer shall cooperate with Sellers, and take such actions as Sellers may reasonably request, to assure that remittances improperly sent to Buyer are not commingled with Buyer’s assets but are promptly
delivered to Sellers. 
 (c) As soon as practicable following Closing, the parties agree to send a joint communication to trade customers
relating to changes in address for remittances and other correspondence. 

  
 - 46 - 

 ARTICLE XIII 

MISCELLANEOUS 
 13.01
Cost and Expenses. Except as otherwise expressly provided in Sections 2.03 and 2.06, Buyer, Parent and Sellers will pay their own costs and expenses (including attorneys’ fees, accountants’ fees and other professional
fees and expenses) in connection with the negotiation, preparation, execution and delivery of this Agreement and the consummation of the transactions contemplated by this Agreement. 

13.02 Entire Agreement. The Disclosure Letter and the Exhibits referenced in this Agreement are incorporated into this Agreement, and
together with the Confidentiality Agreement and the other Transaction Documents, contain the entire agreement among the parties hereto with respect to the transactions contemplated hereunder, and supersede all negotiations, representations,
warranties, commitments, offers, contracts and writings prior to the date hereof. No waiver, modification or amendment of any provision of this Agreement shall be effective unless specifically made in writing and duly signed by the Party to be bound
thereby and any other Person to the extent required by Section 13.11. Buyer acknowledges that Buyer is not relying on and has not relied on any other representations or warranties regarding the subject matter of this Agreement other than
the representations or warranties set forth in this Agreement or the Transaction Documents. 
 13.03 Counterparts. This Agreement may
be executed in one or more counterparts, each of which shall be deemed an original, but all of which, together, shall constitute one and the same instrument. 

13.04 Assignment Successors and Assigns. The respective rights and obligations of the parties hereto shall not be assignable without the
prior written consent of the other parties provided, however, that without the consent of the Sellers, Buyer may assign its rights hereunder in whole or in part to: (a) any Person of which Parent beneficially owns 100% of the
outstanding equity interest; provided, however, that Buyer shall remain liable for payment and other obligations hereunder, or (b) any Person providing financing to Buyer for the transactions contemplated hereby as security therefor. This
Agreement shall be binding upon and inure to the benefit of the parties hereto and their successors and permitted assigns. 
 13.05
Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of Law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full
force and effect so long as the essential economic or legal substance of the transactions contemplated hereby is not affected. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties
hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally
contemplated to the greatest extent possible. 
 13.06 Headings. The captions of the various Articles and Sections of this Agreement
have been inserted only for convenience of reference and shall not be deemed to modify, explain, enlarge or restrict any of the provisions of this Agreement. 

  
 - 47 - 

 13.07 Governing Law. The validity, interpretation and effect of this Agreement and all
transactions related to, arising out of or relating to this Agreement shall be governed exclusively by the laws of the State of Delaware, excluding its conflict of laws provisions. 

13.08 Press Releases. The content and timing of any initial press release with respect to this Agreement or the transactions
contemplated hereby (whether issued as a joint press release or as individual press releases by each of the Sellers and Buyer) shall be agreed to by each of the Sellers and Buyer and thereafter each of the Sellers and Buyer agree to consult with
each other before issuing any press release or making any public statement with respect to this Agreement or the transactions contemplated hereby and, except for any press releases and public announcements the making of which may be required by
applicable Law or any listing agreement with any national securities exchange, will not issue any such press release or make any such public statement prior to such consultation. 

13.09 U.S. Dollars. All amounts expressed in this Agreement and all payments required by this Agreement are in United States dollars.

 13.10 Notices. 
 (a)
All notices, requests, demands and other communications under this Agreement shall be in writing and delivered in person, or sent by (i) electronic mail, (ii) certified mail, postage prepaid, or (iii) nationally recognized overnight
courier with a reliable tracking system, and properly addressed as follows: 
 To Sellers: 

Graphic Packaging International, Inc. 

1500 Riveredge Parkway, Suite 100 

Atlanta, GA 30328 
 Attention:
Law Department 
 With Copy To: 

Alston & Bird LLP 
 One
Atlantic Center 
 1201 West Peachtree Street 

Atlanta, GA 30309 
 Attention:
W. Scott Ortwein 
 W. Scott Kitchens 

To Buyer or Parent: 

Multi-Color Corporation 
 4053
Clough Woods Drive 
 Batavia, Ohio 45103 

Attention: Nigel Vinecombe 

  
 - 48 - 

 with a required copy to: 

Multi-Color Corporation 
 4053
Clough Woods Drive 
 Batavia, Ohio 45103 

Attention: Sharon E. Birkett 

and: 
 Keating
Muething & Klekamp PLL 
 One East Fourth Street 

Suite 1400 
 Cincinnati, Ohio
45202 
 Attention: Michael J. Moeddel 

(b) Each Party may from time to time change its address for the purpose of notices to that Party by a similar notice specifying a new address,
but no such change shall be deemed to have been given until it is actually received by the Party sought to be charged with its contents. 

(c) All notices and other communications required or permitted under this Agreement which are addressed as provided in this
Section 13.10, if delivered personally or by air courier, shall be effective upon delivery; if sent by electronic mail, shall be delivered upon receipt of proof of transmission and if delivered by mail, shall be effective three
(3) days after deposit in the United States mail, postage prepaid. 
 13.11 No Third Party Beneficiaries. This Agreement is
solely for the benefit of Sellers and their successors and permitted assigns with respect to the obligations of Buyer under this Agreement and solely for the benefit of Buyer and its successors and permitted assigns with respect to the obligations
of Sellers under this Agreement. This Agreement shall not be deemed to confer upon or give to any other third party any remedy, claim, liability, reimbursement, cause of action or other right provided, that notwithstanding any provision to
the contrary herein or in any other Transaction Document, the parties expressly acknowledge and agree that the Financing Parties are express third party beneficiaries of, and may enforce as such the provisions of Sections 13.04(b), 13.13(b),
13.14 and this Section 13.11 (the “Applicable Sections”). The Applicable Sections may not be modified, waived or terminated in any manner that adversely impacts or is adverse in any respect to the Financing
Parties without the prior written consent of the Financing Parties. 
 13.12 Jurisdiction and Consent to Service. Each Party hereto
(a) agrees that any suit, action or proceeding arising out of or relating to this Agreement may be brought in the federal courts located in the State of Delaware or, in the event (but only in the event) such courts do not have subject matter
jurisdiction, the courts of the State of Delaware; (b) consents to the non-exclusive jurisdiction of each such court in any suit, action or proceeding relating to or arising out of this Agreement; (c) waives any objection that it may have
to the laying of venue in any such suit, action or proceeding in any such court; and (d) agrees that service of any court paper may be made in such manner as may be provided under applicable Laws or court rules governing service of process.

  
 - 49 - 

 13.13 Equitable Remedies. Each of the parties hereto acknowledges and agrees that, in the
event of any breach of any covenant or agreement of this Agreement, the non-breaching Party would be irreparably and immediately harmed and could not be made whole by monetary damages. It is accordingly agreed that the parties hereto (a) shall
be entitled, in addition to any other remedy to which they may be entitled at law or in equity, to seek injunctive relief and/or to compel specific performance, including to prevent breaches of any covenant or agreement of this Agreement and
(b) will waive, in any action for specific performance, the defense of the adequacy of a remedy at law and any requirement of a bond or other security. Notwithstanding anything to the contrary contained in this Agreement or any other
Transaction Document, each of the Sellers and their respective Subsidiaries, Affiliates, directors, officers, employees, agents, partners, managers, members or stockholders shall not have any rights or claims against any of the Financing Parties in
any way relating to this Agreement, any other Transaction Document or any of the transactions contemplated by this Agreement or the other Transaction Documents, including any dispute arising out of or relating in any way to the performance of any
financing commitments or arrangements of such Financing Party with respect to the transactions contemplated hereby, whether at law or equity, in contract, in tort or otherwise. No Financing Party shall have any liability (whether in contract, in
tort or otherwise) to any Seller or any of its Subsidiaries, Affiliates, directors, officers, employees, agents, partners, managers, members or stockholders for any obligations or liabilities of any party hereto under this Agreement, any other
Transaction Document or for any claim based on, in respect of, or by reason of, the transactions contemplated hereby and thereby, including any dispute arising out of or relating in any way to the performance of any financing commitments. Without
limiting the foregoing, it is agreed that any claims or causes of action brought against any Financing Party in its capacity as such will not be brought in any forum other than the federal and New York State courts located in the Borough of
Manhattan within the City of New York and shall be governed by the law of the State of New York and that any such claim or cause of action shall be subject to Section 13.14 of this Agreement. 

13.14 WAIVER OF A JURY TRIAL. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 13.15 No Presumption Against Drafter. Each of
the parties hereto has jointly participated in the negotiation and drafting of this Agreement. In the event of an ambiguity or if a question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by each of the
parties hereto and no presumptions or burdens of proof shall arise favoring any Party by virtue of the authorship of any of the provisions of this Agreement. 

13.16 Parent Guaranty. Parent hereby irrevocably guarantees, absolutely and unconditionally, all obligations of Buyer under
(a) this Agreement, including without limitation the prompt payment and performance by Buyer of all of Buyer’s obligations under Article III of this Agreement and (b) the Transition Services Agreement (the “Parent
Guaranty”). 

  
 - 50 - 

 [Signature Page Follows] 

  
 - 51 - 

 IN WITNESS WHEREOF, the parties hereto have executed this Asset Purchase Agreement the day and
year first above written. 
  

			
	 GRAPHIC PACKAGING

INTERNATIONAL, INC.

		
	 By:
	 	/s/ David W. Scheible
	 Title:
	 	Chairman, President and Chief Executive Officer
	
	BLUEGRASS LABELS COMPANY, LLC 
		
	 By:
	 	/s/ David W. Scheible
	 Title:
	 	President
	
	MCC-NORWOOD, LLC 
		
	 By:
	 	/s/ Sharon E. Birkett
	Title:	 	Vice President, Chief Financial Officer and Secretary
	
	 MULTI-COLOR CORPORATION,

solely for purposes of Section 13.16 of this Agreement

		
	 By:
	 	/s/  Mary T. Fetch
	Title:	 	Vice President and Treasurer

 [Signature Page to Asset Purchase Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00226-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00226-of-00352.parquet"}]]