Document:

Confidentiality and Non-Competition Agreement

 Exhibit 10.40 
 Lenovo Security Technologies (Beijing) Inc. 
 Confidentiality and Non-Competition Agreement 

  

					
	 Party A:
	  	Name: Lenovo Security Technologies (Beijing) Inc.
		
		  	Address: Zhongdian Information Tower, No.8 Zhongguancun South Street, Haidian District, Beijing, P.R.China
		
		  	Zip Code: 100086
		
		  	Legal representative: Jian Qi
		
	 Party B:
	  	Name: Jian Qi
		
		  	Address:
		
		  	ID card No.: 110108196007011212

 Party A and Party B mutually recognize that Party B may have access to or become aware of the trade secrets of
Party A/the Third Party during the employment of Party B, and that the trade secrets of Party A and/or the Third Party have significant effect on Party A and/or the Third Party’s competitive advantages in the market. Party B acknowledges that,
if the trade secrets of Party A and/or the Third Party are not effectively protected, the production and operations of Party A and/or the Third Party may be threatened, and the company/the Third Party may even sustain irrecoverable losses. In
consideration of the foregoing, Party A and Party B hereby enter into this agreement in accordance with the current applicable laws and regulations of the People’s Republic of China with respect to the confidentiality maintenance of the trade
secrets of Party A/the Third Party by Party B and prohibition of business strife during the period when Party B is employed by Party A and after Party B quits Party A. 
  

	1.	General principles and definitions 

  

	1.1	In order to protect the legal rights and interests of both parties, the following principles shall apply to this agreement: this agreement should prevent any unfair competition
activities against the company as well as ensure that the right of labor to which Party B is entitled by law should be realized. 

  

	1.2	The “Service Term” referred to in this agreement shall mean the period from the time when Party B commences to receive salary from Party A to the time of termination (or
extinguishment) of the labor relation between Party A and Party B. 

  

	1.3	A “Separation” referred to in this agreement shall mean that either party expressly indicates the intention to dissolve or terminate the employment relation and put such
intention into action, and shall comprise of all regular separations, such as resignation, dismissal, or dissolution or termination of the labor (contract) relation, and all irregular separations. 

  

	1.4	A “Third Party” referred in this Agreement shall mean any person or entity that is related to either Party A or Party B, including but not limited to Party A’s
customers, suppliers, business partners and Party B’s prior employers. 

  

	1.5	The “Trade Secrets” referred to in this agreement shall include but not be limited to: 

  

	1.5.1	the technical information and operational information which are unknown to the public, may generate economic benefits for Party A and/or the Third Party, with practicability, and
are subject to Party A and/or the Third Party’s confidentiality measures; 

  

	1.5.2	the items for which Party A and/or the Third Party has organized R&D or which are otherwise obtained by Party A and/or the Third Party, and which may have specific complete
technical contents, or may constitute a technical resolution for a product or technology and improvements thereof, or may be part of the technical elements of a certain product or technology, including but not limited to (1) software product
designs currently owned, developed or conceived by Party A and/or the Third Party; (2) computer programs; (3) information and materials concerning the service projects currently owned, developed or conceived by Party A and/or the Third
Party; and (4) Trade Secrets of third parties for which Party A and/or the Third Party undertakes the responsibility of confidentiality; and 

  

	1.5.3	the entirety or part of the elements of Party A and/or the Third Party’s project management, technical management, archive management, quality management methods, pricing
methods, development plans, investment plans, operation rules, commercial network, client name-lists, goods supply information, advertising planning, management experience, financial status, price lists, human resource planning, and other
information. 

  

	1.6	A “Competing Unit” referred to in this agreement shall mean any individual, company, enterprise, partnership, department, association, institutional unit, social entity or
other organization which engages in the same kind of business as Party A (including similar business), or provides the same kind of services as Party A, or constitutes an actual or potential competition against the business of Party A within the
territorial scope of Mainland China, Hong Kong, Macau, and Taiwan area. These competing units include but are not limited to the following: 

  

	1.6.1	An enterprise which is in the same industry as Party A; 

  

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	1.6.2	An enterprise or organization of any other type (or in any other industry) which engages in any business identical or similar to the main services performed by Party B for Party A;

  

	1.6.3	A company, enterprise, or other organization which provides professional consultation or advisory services to the enterprise or organization referred to in the preceding paragraphs.

  

	1.7	The “Non-competition Obligations” referred to in this agreement shall mean the obligations set forth in Sections 4.3 and 4.4 of this agreement. 

 

	2.	Protection of Trade Secrets and attribution of intellectual property rights 

  

	2.1	Party B agrees not to divulge, disclose, provide or disseminate, in any manner to any person or entity at any time, the Trade Secrets defined in Article 1 of this agreement or the
trade secrets or confidential information which may affect the business of Party A and/or the Third Party or matters relating to the business of Party A and/or the Third Party, unless with Party A and/or the Third Party’s express consent in
writing. 

  

	2.2	Upon Party B’s Separation, Party B shall unconditionally deliver to Party A all business related carriers which are possessed or controlled by Party B, including but not
limited to equipment, CDs, magnetic disks, magnetic tapes, notebooks, memoranda, reports, archives, samples, books, correspondence, lists, and other written and graphic records. 

  

	2.3	Party B undertakes not to disclose the Trade Secrets of Party A and/or the Third Party under this agreement to the subsequent employer(s) of Party B. 

  

	2.4	Unless with Party A’s authorization and consent in writing, all the inventions made by Party B in connection with his/her own job, either separately or jointly with others,
during his/her Service Term, shall be owned by Party A. 

  

	2.5	Party B shall have the obligation to disclose to Party A all the intellectual property rights applied or obtained by Party B during the Service Term of Party B and within one year
after Party B’s Separation. 

  

	2.6	Party B undertakes that the intellectual property rights to the patents and all other intellectual properties accomplished by Party B in connection with his/her own job or
assignments at Party A or the business within one year following his/her Separation from Party A shall be owned by Party A. 

  

	3.	Third-Party Procedures 

  

	3.1	During Party B’s Service Term, if Party B is engaged in any project assignments for a Third Party, Party B shall strictly abide by such Third Party’s rules and regulations
on safety, work process and confidentiality and privacy. 

  

	3.2	Unless and until upon written approval of Party A and/or the Third Party, Party B shall not add, delete, revise any data or program in the Third Party’s system or software.

  

	3.3	Party B agrees that Party B shall not take any non-work related individuals to the Third Party’s business location. 

  

	4.	Non-competition clause 

  

	4.1	Party B undertakes not to engage in, for his/her own or on behalf of others, or participate in the operation of, any business which is competing with Party A directly or indirectly,
during his/her Service Term without Party A’s prior written consent. 

  

	4.2	During Party B’s Service Term, without Party A’s prior written consent, Party B undertakes that: it will not pursue a second occupation; it will not accept or acquire any
position (including but not limited to a position of partner, director, supervisor, shareholder, manager, staff member, agent, consultant, etc) in any Competing Unit or any other economic organization or social entity having direct economic relation
with Party A; it will not provide to such Competing Units with any advisory services (regardless whether with or without compensation) or any other assistance (such as engaging in any business the scope of which is identical or similar to the
business which Party A is currently undertaking or Party A may decide to develop from time to time); it will not make use of his/her position at Party A in order to obtain benefits by any improper means; it will not seek private interests for
himself/herself by utilizing his/her position and authority in Party A. 

  

	4.3	Upon Separation from Party A due to any reason, without the prior written consent of Party A, Party B shall not hold any position in any Competing Unit within the period to which
the economic compensation fee for non-competition paid by Party A is applicable. 

  

	4.4	Upon Separation from Party A due to any reason, without the prior written consent of Party A, Party B will not establish and manage, either directly or indirectly, any enterprise
which is in competition with Party A, within the period to which the economic compensation fee for non-competition paid by Party A is applicable, including but not limited to the establishment or management of: 

  

	4.4.1	an enterprise which is in the same industry as Party A; 

  

	4.4.2	an enterprise or organization of any other type (or in any other industry) which engages in any business identical or similar to the main services performed by Party B for Party A;
or 

  

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	4.4.3	an enterprise, or other organization which provides professional consultation or advisory services to the enterprise or organization, referred to in the preceding paragraphs.

  

	4.5	At the time when Party B delivers a resignation notice to Party A or Party A delivers a dismissal notice to Party B, namely, upon termination or dissolution of the labor contract,
Party B shall have the obligation to notify Party A in writing of his/her true subsequent destination. During the non-competition period in which Party B enjoys the economic compensation fee, Party B shall have the obligation to notify Party A in
writing of his/her each new employer unit, position, and the business nature of the new employer unit. The time limit for notice shall be one week from the date of commencement of Party B’s employment at the new unit. 

 

	4.6	Party B agrees that, during his/her Service Term and within two years from his/her Separation from Party A, Party B warrants not to instigate, entice, encourage, solicit, or
otherwise attempt to affect, directly or indirectly, any other staff member of Party A for the purpose of leaving Party A and serving Party B or any other individual or entity; Party B warrants not to solicit Party A’s clients or pervious
clients for seizing their business and gaining direct or indirect benefits, with the exception of Party B’s activities for performance of his/her duties during the Service Term at Party A. 

  

	5.	Payment of compensation fee 

  

	5.1	Within one month after Party B’s Separation from Party A, Party A shall decide whether it requests Party B to undertake the Non-competition Obligation as well as the period of
non-competition. 

  

	5.2	If Party A decides to require Party B to undertake the Non-competition Obligation, it shall pay the non-competition compensation fee according to Section 5.3 of this agreement.

  

	5.3	The non-competition compensation fee shall be 50% of Party B’s annual salary (if the local government stipulates a minimum more than this amount, such minimum shall
prevail). The non-competition period to which such compensation fee is applicable shall be 12 months, commencing on the date of Party B’s Separation from Party A. 

  

	5.4	The non-competition compensation fee shall be paid up in full in one lump sum within one month after the formal Separation of Party B, and shall be collected by Party B at Party
A’s corporate address (or paid by Party A to Party B via bank or post office). If Party B refuses to receive the payment, Party A may submit the payment of the compensation fee to the relevant authority for deposit according to law. The time
when such submission is completed shall be deemed to be the date of payment of the compensation fee. 

  

	5.5	If Party A fails to pay the non-competition compensation fee to Party B within one month after Party B’s Separation, Party A shall be deemed to have released Party B from the
Non-competition Obligation (which means that Party B may not be subject to the obligations set forth in and only in Sections 4.3 and 4.4). Upon such time, Party B shall not claim against Party A for payment of the non-competition compensation fee in
any manner (including but not limited to arbitration or litigation). 

  

	6.	Liabilities for breach of contract 

  

	6.1	If Party B is in breach of any of the provisions set forth in Sections 2.1, 2.2, 2.3, 3.1, 3.2, 3.3, 4.1, 4.2, 4.5 and 4.6 by way of non-performance or improper performance of
his/her obligations, Party A will affix the administrative or civil liabilities on Party B in accordance with the relevant laws, regulations and corporate rules; where the circumstance is serious, Party A will additionally petition the judicial
authorities to investigate into Party B’s criminal liabilities. If Party A sustains any loss, Party B shall be liable for compensation. If it is difficult to calculate the amount of such loss, the amount of compensation shall be the greater of
(1) no less than 50% of the aggregate of Party B’s salary already paid by Party A and other expenses during the Service Term; or (2) RMB 300,000. If such compensation payment is insufficient to pay for Party A’s actual damages,
Party A reserves the right to recover liquidated damages from Part B. The payment of the default penalty shall not be intended as a dissolution or termination of Party B’s relevant confidentiality obligation referred to above.

  

	6.2	If Party B itself uses the Trade Secrets or provides the Trade Secrets to the new employer or any other third-parties for use, development, research and production so as to generate
profits and cause damages to Party A and/or the Third Party, Party B and any other party who used the Trade Secrets shall bear the cost of all damages suffered by Party A and/or the Third Party. 

  

	6.3	If Party A has paid the non-competition compensation fee to Party B as agreed in this agreement but Party B does not perform the Non-competition Obligation (which means that Party B
does not perform the obligation specified in Sections 4.3 or 4.4), then Party B shall bear the liabilities for breach of contract by way of the following: Party B shall return to Party A the full amount of the non-competition compensation fee
already paid by Party A and additionally pay to Party A a default penalty in an amount equal to 50% of the total amount of the non-competition compensation fee stipulated in this agreement. Such return of the non-competition compensation fee and
payment of the default penalty shall not be intended as a mitigation, dissolution or termination of Party B’s relevant Non-competition Obligation towards Party A. 

  

	6.4	During the period of existence of the labor relation between Party A and Party B, Party A may directly deduct the full or part of the amount from the salary, remuneration, bonus,
various compensation fees, and other income due and payable to Party B in order to recover Party A’s losses. The damages borne by Party B to Party A shall include but not be limited to the losses, direct and/or indirect, tangible and/or
intangible, property and/or non-property related, sustained by Party A due to Party B’s breach of contract, as well as the reasonable expenses incurred by Party A for investigation into Party B’s breaching activities.

  

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	6.5	Regardless whether this agreement is terminated, Party B agrees to indemnify Party A for any damages suffered by the Third Party as a result of Party B’s infringement on the
Third Party’s Trade Secrets or Party B’s violation of the Third Party’s work procedures. 

  

	7.	Termination of Non-competition Obligation 

 The two parties agree that Party B’s Non-competition Obligation shall automatically terminate upon the occurrence of any of the following circumstances: 
  

	7.1	The non-competition period for Party B stipulated in this agreement expires; 

  

	7.2	Party A refuses to pay the non-competition compensation fee to Party B, or delays the due payment of the compensation fee for one month or more without justifiable cause; and

  

	7.3	Party A’s status of a legal person is terminated and there is no unit or individual that will assume its rights and obligations. 

  

	8.	Severability 

 The invalidity of any
provision of this agreement shall not affect the validity, legitimacy and enforceability of other provisions, and said invalid provision shall be replaced by another valid, legal, and enforceable provision which reflects the original intent of the
parties to the greatest extent. 
  

	9.	Notice 

  

	9.1	Notices may be delivered in person, or by courier (including commercial express delivery), registered mail, or public announcement. 

  

	9.2	Notices shall be delivered to the following addresses, unless modified by way of a prior written notice: 

 If to Party A: 
 Address: 
 Postal code: 
 Attention: 
 Telephone no.: 
 Facsimile no.: 
 If to Party B: 
 Address: 
 Postal code: 
 Attention: 
 Telephone no.: 
 Facsimile no.: 
 Email: 
  

	9.3	Notices or correspondence shall be deemed effectively given 

  

	 	•	 	 upon the date on which the receiving party signs to acknowledge the receipt if delivered by courier (including commercial express delivery); or

  

	 	•	 	 seven (7) days after the date of issuance of the postal receipt by the post office if delivered by registered mail. 

  

	10.	Modification; waiver 

  

	10.1	This agreement may only be amended or modified with the mutual consent of both parties evidenced by a written document signed by them. 

  

	10.2	The consent, waiver, or change rendered by either party to this agreement with respect to a certain event shall only be applicable to that event, and shall not be presumed as the
approach of that party to any event of the same kind which may occur in the future, unless otherwise expressly indicated in writing. 

  

	10.3	Failure or delay to exercise any right under or related to this agreement by either party shall not be deemed as a waiver of such right. 

  

	11.	Related Party 

  

	11.1	 During Party B’s Service Term, Party B may have contact or become familiar with Trade Secrets of any of Party A’s related parties, or any individuals or
entities related to Party A’s related parties (including but not limited customers, suppliers and business partners of Party A’s related parties). Party B shall be equally bound by this agreement with regards to the Trades 

  

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Secrets of Party A’s related parties, or any individuals or entities that are related to Party A’s related parties, including any rules and
regulations regarding third-party procedures. Party A and Party A’s related parties, may individually or collectively seek any further damages that resulted from Party B’s violation of this agreement. 

  

	11.2	Party A’s related parties include, without limitation, Lenovo Computer System and Technology Services Ltd., Lenovo AsiaInfo Technologies, Inc., AsiaInfo Technologies (China),
Inc.. 

  

	12.	Signature 

  

	12.1	Each party acknowledges that it has carefully reviewed and fully understands the contents of all the provisions of this agreement and the legal implication of these contents. This
agreement shall become effective upon signature / seal of Party A’s authorized representative and Party B. 

  

	12.2	This agreement shall have two counterparts, each of which shall be held by each party respectively, and all of which shall have equal legal force. 

  

					
	 Party A (Seal):
	 	Party B:	 	 /s/ Jian Qi

  

			
		
	 Date of signature:
	 	Date of signature: February 1, 2008

 [Seal of Lenovo Security Technologies (Beijing) Inc.] 
  

 5Amended and Restated Newsprint Purchase Contract

 Exhibit 10.1 
 Execution Copy 
 AMENDED AND RESTATED NEWSPRINT PURCHASE CONTRACT 
 This Amended and Restated Newsprint Purchase Contract (this “Agreement”) is made as of January 18, 2008 (the “Execution
Date”) and is effective upon a Change in Control of SP (the “Effective Date”), by and between SP Newsprint Co., a Georgia general partnership (f/k/a Southeast Paper Manufacturing Company) (“SP”), and Media
General Operations, Inc., a Delaware corporation (“Media General” or “Purchaser”). SP and Purchaser are referred to herein as the “Parties” and each, individually, as a “Party”. If
a Change in Control of SP does not occur, this Agreement will be of no force or effect and the Original Media General Agreement will govern the relationship between the Parties. 
 WHEREAS, SP entered into separate Newsprint Purchase Contracts, each dated September 5, 2007, with Media General (“Original Media General
Agreement”), The McClatchy Company (“McClatchy”), a Delaware corporation (“Original McClatchy Agreement”), and Cox Newsprint Supply, Inc. (“Cox”), a Delaware corporation (“Original
Cox Agreement”) (with the Original Media General Agreement, Original McClatchy Agreement and Original Cox Agreement, collectively, referred to herein as “Original Purchase Contracts” and the parties thereto and hereto,
other than SP, individually referred to as a “Company” and collectively referred to herein as the “Companies”); 
 WHEREAS, SP and the Companies desire to amend and restate the Original Purchase Contracts, effective as of the Effective Date; and 
 WHEREAS, simultaneously with the execution of this Agreement, SP is entering into similar agreements with each of McClatchy (“Amended and Restated McClatchy Agreement”) and Cox (“Amended and Restated Cox
Agreement”) (with this Agreement, the Amended and Restated McClatchy Agreement and the Amended and Restated Cox Agreement, collectively 

 
referred to herein as “Purchase Contracts”) for the purchase of newsprint from SP’s then-current facilities, including any SP
facilities owned, acquired or otherwise utilized by SP after the Effective Date (“SP Facilities,” and, collectively with the then-current facilities of White Birch Paper Company, the “WB Facilities”). 
 NOW, THEREFORE, in consideration of the mutual covenants and conditions contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Parties hereby agree as follows: 
  

	1.	TERM 

  

	 	1.1	SP agrees to sell and Purchaser agrees to purchase white standard commercial newsprint paper (in accordance with the specifications set forth in Section 6 below)
(“Newsprint”) upon the terms and conditions contained herein. Subject to Section 1.2, this Agreement shall be for an initial term of five (5) years from the Effective Date unless sooner terminated as provided herein and
will automatically renew for successive five (5) year terms unless terminated by either Party upon prior written notice to the other Party at least one year prior to the expiration of the then-current term. 

  

	 	1.2	Notwithstanding Section 1.1, if there is a Change in Control of SP (i) the initial term of this Agreement shall be six (6) years from date of the Change in Control
unless sooner terminated as provided herein; and (ii) such six (6) year term will automatically renew for successive one (1) year terms unless terminated by either Party upon prior written notice to the other Party at least two
(2) years prior to the expiration of the then-current term. For clarification, following a Change in Control of SP, this Agreement will terminate six (6) years from the date of the Change in Control if written notice of such termination is
received prior to the fourth anniversary of the date of the Change in Control. The following example is provided for further clarification: 

  

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 Following a Change in Control of SP that is effective as of January 1, 2008, the initial term of
this Agreement would end six (6) years after January 1, 2008 (or December 31, 2013), except that this Agreement will automatically renew for an additional one (1) year term unless written notice of termination is received prior
to January 1, 2012. Further, this Agreement will be extended for additional renewal terms of one (1) year each unless written notice of termination is received prior to January 1 of the preceding year. As a result, in order for a
Party to terminate this Agreement effective December 31, 2014, written notice of such termination must be received prior to January 1, 2013. 
 “Change in Control” shall mean the: (a) consolidation or merger of an entity with or into any entity in which the interest holders or shareholders of the first entity immediately prior to such
transaction are not holders of a majority of the voting power of the surviving entity immediately thereafter; (b) sale, transfer, or other disposition of all or substantially all of the assets of an entity to a person or entity; or
(c) acquisition by any person or entity, or group of persons or entities acting in concert, of Control of the outstanding voting securities or other ownership interests of an entity. “Control” or “Controlled”
shall mean, with respect to any entity, the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such entity, whether through the ownership of voting securities (or other ownership
interest), by contract or otherwise. 
  

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	2.	PURCHASE OBLIGATIONS 

  

	 	2.1	Amount. 

 Purchaser agrees to purchase Newsprint from SP in the annual amount of 35,000 tons of Newsprint per calendar year (“Annual Tonnage Commitment”). Such annual amount will be (i) purchased from
SP’s mill located near Dublin, Georgia; (ii) pro rated for any partial year under this Agreement; and (iii) purchased by Purchaser at an approximate rate of  1/12 of the annual tonnage per month. Notwithstanding subsection (i) in the preceding sentence, if the location to which Newsprint is to be delivered to Purchaser has previously qualified for
shipment of Newsprint from an alternate WB Facility, then, subject to Purchaser’s prior written consent, SP may promptly provide Newsprint from such alternate WB Facility so long as (a) SP bears all incremental costs associated with such
shipments, (b) any applicable freight savings are provided to Purchaser, and (c) for purposes of calculating the Freight Allowance (as defined below), the SP Facility from which the applicable shipment was originally scheduled to be
shipped is used in the calculation of the Freight Allowance. 
 On or prior to September 30 of each calendar year,
Purchaser may elect, on an annual basis and with the prior written consent of SP, to increase Purchaser’s Annual Tonnage Commitment for the following calendar year (which increased Annual Tonnage Commitment will be effective only for such
calendar year) to an amount not to exceed the amount of Newsprint purchased by Purchaser from SP during the previous twelve (12) month period at the prices set forth in this Agreement. In addition, on or prior to September 30 of each
calendar year, Purchaser may elect in Purchaser’s sole discretion, on an annual basis, to reduce (but not below 35,000 tons of Newsprint) Purchaser’s Annual Tonnage Commitment for the following calendar year (which reduced Annual 

  

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Tonnage Commitment will be effective only for such calendar year) by an amount not greater than one-third of the Excess Tonnage (as defined below), at the
time Purchaser first elects to reduce its Annual Tonnage Commitment, purchased at the prices set forth in this Agreement. 
 The Annual Tonnage Commitment for the following calendar year shall remain unchanged if the Annual Tonnage Commitment is not increased or reduced in accordance with the foregoing paragraph for the following calendar year on or prior to
September 30 of each calendar year. 
 Under this Agreement, “Excess Tonnage” means Purchaser’s
Annual Tonnage Commitment for a given calendar year in excess of 35,000 tons. For example, if, during the 2009 calendar year, Purchaser’s Annual Tonnage Commitment is equal to 50,000 tons of Newsprint, then Purchaser’s “Excess
Tonnage” for the calendar year 2009 will be equal to 15,000 tons of Newsprint. In accordance with subsection (ii) of the preceding paragraph, if Purchaser elects to reduce its Annual Tonnage Commitment to 35,000 tons, then, for each of the
calendar years 2010, 2011 and 2012, Purchaser may reduce Purchaser’s Annual Tonnage Commitment by a maximum of 5,000 tons of Newsprint per year (but not below 35,000 tons of Newsprint). 
 The Parties agree that Media General’s Excess Tonnage as of the Execution Date is equal to 20,000 tons, with such Excess Tonnage to
be supplied from SP’s mill located near Dublin, Georgia. 
 This Section 2.1 does not limit or otherwise alter the
term of this Agreement as set forth in Section 1 above. 
 Except as set forth in this Section 2.1, purchases of
Newsprint in excess of Purchaser’s Annual Tonnage Commitment and/or changes in allotments for each SP Facility will be subject to the mutual agreement of Purchaser and SP. 
  

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 For purposes of this Section 2.1, a ton means a short (2,000 lb.) ton with the
tonnage obligations being actual tons as weighed on a scale (and not recalculated on an equivalent ton basis if average basis weight changes). 
  

	 	2.2	Shortages. 

 If the amount of
Newsprint available for distribution by SP in any given month is, or is reasonably estimated by SP to be, less than the amount to be supplied by SP to (a) Companies, (b) customers with a firm written commitment from SP with an initial term
of at least two years, and (c) customer locations of SP where SP has been the sole supplier of Newsprint for a period of at least six months preceding the applicable month of such shortage (all of the above, collectively with Companies, the
“Take-or-Pay Customers”), the Parties will cooperate in good faith to adjust the amount of tonnage to be distributed to Purchaser for such month, including adjusting any scheduled monthly deliveries and/or providing for increased
shipments in a subsequent month. SP also agrees to work with other Take-or-Pay Customers to make adjustments in their tonnage distributions (including any scheduled monthly deliveries and/or providing for increased shipments in a subsequent month).
If the Parties do not mutually agree to adjust such scheduled monthly deliveries and/or provide for increased shipments in a subsequent month, (i) such shortage shall first be allocated among all of the customers of SP, other than Take-or-Pay
Customers, and to the extent a shortage still exists, any remaining shortage shall be allocated among the Take-or-Pay Customers in proportion to the amount of Newsprint actually purchased from SP by the Take-or-Pay Customers in the prior three
months, and (ii) the Annual Tonnage Commitment will, upon Purchaser’s 

  

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request, be reduced by the amount of the shortage applicable to Purchaser for a period of twenty-four (24) months (or such lesser period as Purchaser
may elect) from the expiration of the Shortage Cure Period. Notwithstanding the foregoing, if the location to which Newsprint is to be delivered to Purchaser has previously qualified for shipment of Newsprint from an alternate WB Facility, then,
subject to Purchaser’s prior written consent, SP may, within ninety (90) days of the date shipment of Newsprint was not received by Purchaser as a result of such shortage (such ninety (90) day period, the “Shortage Cure
Period”), cure such shortage by shipping Newsprint from such alternate WB Facility so long as (a) SP bears all incremental costs associated with such shipments, (b) any applicable freight savings are provided to Purchaser, and
(c) for purposes of calculating the Freight Allowance, the SP Facility from which the applicable shipment was originally scheduled to be shipped is used in the calculation of the Freight Allowance. 
  

	 	2.3	Affiliates. 

 “Affiliate” shall mean, as applied to a specified entity, (i) any other entity that directly or indirectly, through one or more intermediaries, Controls, is Controlled by or is under common Control with, the specified
entity, (ii) any other entity that directly or indirectly, through one or more intermediaries, owns 50% or more of any class of equity securities (including any equity securities issuable upon the exercise of any option or convertible security)
of the specified entity, or (iii) any other entity 50% or more of any class of equity securities (including any equity securities issuable upon the exercise of any option or convertible security) of which is owned or Controlled by the specified
entity. Purchases of Newsprint, at Purchaser’s price, by or for the benefit of Purchaser’s Affiliates from SP shall count toward the fulfillment of Purchaser’s Annual Tonnage Commitment under Section 2.1 of this Agreement.

  

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 Notwithstanding the foregoing paragraph, if an entity becomes an Affiliate of Purchaser
and such entity had in force a Newsprint purchase contract with SP at the time it became an Affiliate, either, at Purchaser’s election (a) the quantity of Newsprint purchased by such entity may, upon Purchaser’s request, count toward
Purchaser’s fulfillment of its Annual Tonnage Commitment under Section 2.1 hereof and such Affiliate shall be entitled to Purchaser’s purchase price for Newsprint, or (b) the quantity of Newsprint purchased by such entity will
not count toward Purchaser’s fulfillment of its Annual Tonnage Commitment under Section 2.1 hereof and such Affiliate will not be entitled to Purchaser’s purchase price for Newsprint until the earlier of (x) the expiration or
termination of such Affiliate’s then-current agreement to purchase Newsprint from SP, and (y) twelve (12) months after Purchaser’s written notice to SP that Purchaser has acquired such Affiliate and is electing to count the
quantity of Newsprint purchased by such entity toward Purchaser’s fulfillment of its Annual Tonnage Commitment. For clarification, upon the earlier of (x) and (y) set forth in the preceding sentence, the quantity of Newsprint
purchased by such entity will count toward Purchaser’s fulfillment of Purchaser’s Annual Tonnage Commitment under Section 2.1 hereof and such Affiliate shall be entitled to Purchaser’s purchase price for Newsprint. 
 Except to the extent that Purchaser partially assigns this Agreement pursuant to Section 13, if Purchaser divests an Affiliate,
and/or sells a publication or publications, then, upon the prior written consent of SP (which consent will not be unreasonably withheld or delayed), the purchases of Newsprint by such divested entity (or buyer of divested assets to the extent such
purchases do not exceed the amount of Newsprint 

  

 -8- 

 
purchased by such divested entity (or relating to such divested assets) during the preceding twelve (12) month period) shall in each subsequent month
count towards fulfillment of Purchaser’s Annual Tonnage Commitment set forth in Section 2.1 of this Agreement; provided, however, if SP does not consent to allow purchases by such divested entity or buyer of divested assets to count
towards fulfillment of Purchaser’s Annual Tonnage Commitment set forth in Section 2.1 of this Agreement, then the Annual Tonnage Commitment will be reduced by the amount of Newsprint purchased by such divested entity (or relating to such
divested assets) during the preceding twelve (12) month period. 
 Notwithstanding any other provision in this Agreement,
each Party will be responsible for its Affiliates’ (other than divested Affiliates) compliance with the terms and conditions of this Agreement. 
  

	3.	PRICE 

  

	 	3.1	Price Per Ton. 

 The price per ton
(2,000 pounds) of Newsprint to be paid by Purchaser under this Agreement shall be the Weighted Average Price (as defined below) of all Purchase Contracts to purchase Newsprint executed by Media General, McClatchy and Cox, calculated in accordance
with the methodology set forth in Section 3.2 below (not to be reduced by any freight allowances). Such price per ton will be determined at the time of shipment for deliveries to the destination to which Purchaser directs, less any discounts as
may be determined by SP. If one or more Purchase Contracts are terminated or if additional Purchase Contracts are added pursuant to Section 13 of this Agreement, the price per ton of Newsprint will equal the Weighted Average Price of the
Purchase Contracts then in effect. The price per ton by basis weight of Newsprint shall be the same for each Company. 
  

 -9- 

	 	3.2	Pricing Methodology. 

 For each SP
Facility, Purchasers will provide a blind listing of all of its current purchase orders in the applicable Geographic Location (as defined below), excluding Spot Tonnage (as defined below) and Newsprint purchased from SP, from newsprint suppliers
with whom Purchasers have no equity interest to the appropriate corporate officer as designated by SP, which listing will include the following information for each purchase order: 
  

	 	(a)	the transaction price, as determined in accordance with generally accepted accounting principles; 

  

	 	(b)	the tonnage for the month; 

  

	 	(c)	the basis weight; and 

  

	 	(d)	modifications to any previously submitted purchase orders, setting forth purchase prices actually paid by Purchaser (less any discounts or rebates received by Purchaser), tonnage
actually received by Purchaser, and identifying the month originally submitted. The intent of such modifications is to accurately submit the price actually paid and tons actually received from each applicable newsprint supplier.

 SP will provide an initial estimate of the purchase price for the applicable quarter based upon such
information and based upon market forecasts. Invoices for the first two months of the quarter will reflect the initial estimated quarterly purchase prices and will be subject to adjustment based on modifications to the estimated quarterly purchase
prices resulting from the information submitted above. Invoices for the third month of the quarter will be based on the final estimated quarterly purchase price calculated based 

  

 -10- 

 
on the weighted average of blind listings (and modifications of previously submitted purchase orders for the quarter) received by the first day of the third
calendar month of the quarter. In addition, SP will issue a credit or debit memo pertaining to all invoices for the first two months of the quarter based on this final estimated quarterly purchase price by the 15th day of the third month of the quarter. 
 SP will
determine the actual Weighted Average Price and a credit or debit memo will be issued within 90 calendar days, 180 calendar days and 270 calendar days after the end of each calendar quarter based on modifications submitted in the Purchasers’
blind listings that are provided subsequent to the end of the quarter. The following example is provided to clarify this methodology: 
 For the first calendar quarter of 2008, SP determines an estimated weighted average quarterly price of $600 based on purchase orders submitted by Purchasers (of $590) and market forecasts as of the first day of
January 2008. This estimated weighted average quarterly price will be the purchase price initially invoiced for January and February 2008. 
 On February 1, SP receives the blind listing and adjustments relating to January purchase orders for use in calculating the quarterly price. While no prices are modified as a result of this submission, the
estimated weighted average quarterly price for February is $605. 
 On March 1, SP receives the blind listing and
adjustments related to purchase orders for the first quarter and determines the estimated weighted average March purchase price to be $610. Thus, the estimated weighted average 

  

 -11- 

 
quarterly price is $601.67 (i.e., the weighted average of $590, $605 and $610). March shipments are invoiced at $601.67 and January and February shipments
are issued a debit memo for $1.67 ($601.67 less previous billing of $600). 
 On each of April 1, May 1 and
June 1, respectively, SP receives the blind listing for April, May and June as well as any additional modifications to purchase orders submitted for January, February and March. The second quarter price is determined as noted above.
Modifications for January – March purchase orders that have been received in April, May and June are used to determine the estimated weighted average price for the first quarter. A debit or credit memo is issued, on or prior to June 30,
for any difference between such estimated weighted average price and the estimated weighted average price determined in March for the first quarter. 
 On each of July 1, August 1 and September 1, respectively, SP receives the blind listing for July, August and September as well as any additional modifications to purchase orders submitted for
January, February, March, April, May and June. The third quarter price is determined as noted above. Modifications for January – March purchase orders that have been received in July, August and September are used to determine the estimated
weighted average price for the first quarter. A debit or credit memo is issued, on or prior to September 30, for any difference between such estimated weighted average price and the estimated weighted average price determined in June for the
first quarter. Modifications for April – June purchase orders that have been received in July, August and September are used to determine the estimated weighted average 

  

 -12- 

 
price for the second quarter. A debit or credit memo is issued, on or prior to September 30, for any difference between such estimated weighted average
price and the estimated weighted average price determined in June for the second quarter. 
 On each of
October 1, November 1 and December 1, respectively, SP receives the blind listing for October, November and December as well as any additional modifications to purchase orders submitted for January, February and March. The fourth
quarter price is determined as noted above. Modifications for January – March purchase orders that have been received in October, November and December are used to determine the final Weighted Average Price for the first quarter. A debit or
credit memo is issued, on or prior to December 31, for any difference between such final Weighted Average Price and the estimated weighted average price determined in September for the first quarter. The same methodology is used for making
modifications to the estimated weighted average price for the second, third and fourth quarters as noted above. 
 The example
set forth above assumes that Newsprint is purchased by Purchaser at a rate of 1/12 of the annual tonnage per month. To the extent a greater or lesser amount of Newsprint is purchased by Purchaser in any given month, the estimated weighted average
quarterly price and final Weighted Average Price will be calculated on a weighted average basis to account for such greater or lesser amounts of Newsprint. 
 Under this Agreement, “Weighted Average Price” means, for each Geographic 

  

 -13- 

 
Location, the price determined by calculating the weighted average Normalized Price in an applicable quarter minus (after such calculation) the Price
Discount. For clarification, to the extent a greater or lesser amount of Newsprint is purchased by Purchaser in any given month, the Weighted Average Price will be calculated on a weighted average basis to account for such greater or lesser amounts
of Newsprint. 
 “Normalized Price” means the price per ton of Newsprint determined, in accordance with the
methodology set forth on Attachment A, by normalizing the blind listings provided by Purchasers relating to varying basis weights. 
 “Price Discount” means (i) for the first three years following the Effective Date, 1% per ton; (ii) for the fourth, fifth and sixth years following the Effective Date, 2% per ton;
and (iii) for each twelve-month period thereafter, 1.6% per ton. 
 Under this Agreement, “Spot
Tonnage” means those arrangements made between Purchaser and third-party sellers of newsprint that do not reflect regular, ongoing or contract business between Purchaser and such seller. Spot Tonnage includes, but is not limited to,
newsprint imported from offshore newsprint producers, newsprint sold by merchants and brokers, and arrangements made between Purchaser and third-party sellers, in each instance, that are designed to move and/or sell incremental tons of newsprint
with an incentive that is below the prevailing market price, for a specific period of time, between Purchaser and such third-party seller. 
 Under this Agreement, “Geographic Location” means “East Coast Geographic Locations” and “West Coast Geographic Locations.” “East Coast Geographic Locations” mean
Purchaser’s printing facilities that are located East of the Rocky Mountains in the United States. “West Coast Geographic Locations” mean Purchaser’s 

  

 -14- 

 
printing facilities that are located West of the Rocky Mountains in the United States. For clarification, a Weighted Average Price will be calculated for
each Geographic Location for purchases of Newsprint from the SP Facility in such Geographic Location (i.e., purchases of Newsprint from the SP Facility located near Dublin, Georgia will be subject to the Weighted Average Price for the East Coast
Geographic Location; purchases of Newsprint from the SP Facility located near Newberg, Oregon will be subject to the Weighted Average Price for the West Coast Geographic Location). 
 An example of the pricing methodology is set forth on Attachment A to this Agreement. 
  

	 	3.3	Change in Control. 

 If there is a
Change in Control of SP, then Media General, McClatchy and Cox, will select an independent third-party accounting firm reasonably acceptable to SP (or its successor, if applicable) to receive the information described in Section 3.2 from
Companies with respect to pricing under this Agreement and the other Purchase Contracts. Such third-party accounting firm will be selected by a majority of Media General, McClatchy and Cox (with Media General, McClatchy and Cox, having one vote).
Any fees attributable to such third-party accounting firm will be borne equally by Companies. The third-party accounting firm will forward the price calculations to the appropriate corporate officer as designated by SP (or its successor, if
applicable) in accordance with section 3.2 herein. Any pricing submitted to such third-party accounting firm by Companies as well as calculations derived by such third-party accounting firm will be subject to audit by SP (or its successor, if
applicable). In connection with such audit, SP (or its successor, if applicable) will utilize a separate third-party accounting firm acceptable to Media General, McClatchy and Cox (which acceptance will not be 

  

 -15- 

 
unreasonably withheld). Cost of such audit will be borne by SP (or its successor, if applicable). If, as a result of such audit, an overpayment or
underpayment for the audited period has occurred, a credit or debit memo will be issued. 
  

	4.	SHIPMENT 

  

	 	4.1	The Newsprint shall be shipped in rolls with freight allowed to such destinations as Purchaser shall specify. Freight costs shall not include warehousing, storage, local cartage,
delivery or similar charges not customarily allowed in SP Newsprint agreements, with such costs to be borne by Purchaser. 

  

	 	4.2	Route and carrier shall be determined by SP, and delivery will be made by truck or rail f.o.b. SP’s Facility with freight prepaid to destination. 

  

	 	4.3	As an incentive for Purchaser to select shipping destinations beneficial to SP, a freight allowance (“Freight Allowance”) will be offered by SP for each Company
shipping destination that has all-in freight rates for tons purchased by Purchaser under this Agreement that are lower than SP’s average all-in freight rate. Such Freight Allowance will be determined as follows: 

  

	 	(a)	SP will calculate its average all-in freight rate for all of its customers located in the United States for each SP Facility for the then-current calendar quarter to establish a
freight rate baseline. 

  

	 	(b)	SP will calculate Purchaser’s average all-in freight rate under this Agreement for each SP Facility and each Company shipping destination for the then-current calendar quarter.

  

	 	(c)	 Purchaser will be entitled to a Freight Allowance for the subsequent calendar quarter for each Company shipping destination with an all-in freight rate calculated
in Section 4.3(b) that is lower than SP’s freight rate 

  

 -16- 

	 	 
baseline calculated in Section 4.3(a). For clarification, the Freight Allowance will be calculated separately for each SP Facility and each Company
shipping destination, with such Freight Allowance being calculated as the difference per ton between the freight rate baseline and the Purchaser’s all-in freight rate. No Freight Allowance will be paid for any Purchaser shipping destination
with all-in freight rates that exceed the applicable freight rate baseline for then-current quarter. Freight Allowances will be calculated and revised on a quarterly basis, with any applicable changes being applied to all shipments beginning on the
first calendar day of each quarter and ending on the last calendar day of each quarter. 

  

	 	(d)	The Freight Allowance, if applicable, will be applied to all tons shipped to the shipping destination of Purchaser from each SP Facility during such calendar quarter.

  

	 	(e)	Payment of the Freight Allowance will be made in a manner that is mutually agreed to by the Parties. For example, Freight Allowances may be aggregated for all Purchaser shipping
destinations to which Newsprint is provided under this Agreement and issued by SP monthly or quarterly as a single credit, or issued as a credit to individual invoices. 

 An example of the Freight Allowance methodology is set forth on Attachment B to this Agreement. 
  

	5.	TITLE 

 Title to the Newsprint shall
pass to Purchaser in the event of shipment by independent carrier upon delivery to such independent carrier, or its agent, consigned to Purchaser, or in the event of shipment by other than independent carrier, upon delivery to Purchaser or its
agent. 
  

 -17- 

	6.	SPECIFICATIONS 

 The basis weight of the Newsprint shall be customary ranges defined from
time-to-time as newsprint (e.g., 43 grams per meter squared (gsm) to 52.1 gsm). Purchaser shall provide SP, prior to the 15th day of each month,
with complete specification expressed in tons with respect to core size, roll widths and diameter for the shipments to be made during the following month. If SP fails to receive such specification from Purchaser, SP may deliver Newsprint in
accordance with the specifications last received. Rolls shall be wound on non-returnable paper cores unless Purchaser requests returnable metal tip cores. 
 Quality specifications are set forth in Attachment C to this Agreement. Attachment C may be amended from time-to-time upon the prior written approval of both Parties, which approval will not be
unreasonably withheld or delayed, to reflect changes in applicable industry standards during the term of this Agreement. 
 If
Newsprint delivered to Purchaser by SP does not comply with the quality specifications set forth on Attachment C, Purchaser will notify SP in writing (or by telephone or email if promptly confirmed in writing by Purchaser) promptly upon
Purchaser’s knowledge of such non-compliance, including providing SP with reasonably specific detail of the items and reasons for such non-compliance. Upon SP’s receipt of such notice of non-compliance, (i) SP will use commercially
reasonable efforts to remedy such non-compliance (and, upon SP’s reasonable request, Purchaser will use commercially reasonable efforts to assist SP in its attempt to remedy such non-compliance provided that Purchaser shall not be required to
assist with or accept any 

  

 -18- 

 
remedy that is inconsistent with Purchaser’s past practices), and/or (ii) if the location to which Newsprint is to be delivered to Purchaser has
previously qualified for shipment of Newsprint from an alternate WB Facility, then, subject to Purchaser’s prior written consent, SP may, within ninety (90) days of SP’s receipt of such notice of non-compliance (such ninety
(90) day period, the “Quality Cure Period”), cure such non-compliance by shipping conforming Newsprint from such alternate WB Facility so long as (a) SP bears all incremental costs associated with such shipments,
(b) any applicable freight savings are provided to Purchaser, and (c) for purposes of calculating the Freight Allowance, the SP Facility from which the applicable shipment was originally scheduled to be shipped is used in the calculation
of the Freight Allowance. If SP remedies such non-compliance as to quality and quantity of Newsprint within the Quality Cure Period, there will be no adjustment to Purchaser’s Annual Tonnage Commitment. If SP is unable to provide Newsprint in
the required quantities that complies with the quality specifications set forth on Attachment C within the Quality Cure Period, Purchaser may elect to reduce its Annual Tonnage Commitment (i) for a period of twenty-four (24) months
(or such lesser period as Purchaser may elect) from the expiration of the Quality Cure Period, by an amount, calculated on an ongoing basis, equal to the Tonnage Reduction Amount. 
 The “Tonnage Reduction Amount” means the amount of Newsprint that SP is obligated to provide under this Agreement minus
the amount of Newsprint that SP delivers in accordance with the quality specifications set forth on Attachment C. 
 In
addition, if (a) Newsprint delivered to Purchaser by SP does not comply with the quality specifications set forth on Attachment C and SP does not cure such failure as 

  

 -19- 

 
to quality and quantity within the ninety (90) day period set forth above two (2) or more times during any twelve (12) month period, and
(b) such non-conforming Newsprint equals at least ten thousand (10,000) tons, then, Purchaser may elect, within sixty (60) days of the occurrence of the second (or more) such failure to conform, to terminate this Agreement upon sixty
(60) days prior written notice to SP. For example, if there are five occurrences of such noncompliance that are not cured within the ninety (90) period set forth above and Purchaser has not elected to terminate, Purchaser may still elect
to terminate within sixty (60) days of the most recent uncured noncompliance if the last two occurrences (i.e., the fourth and fifth occurrences) were within the preceding twelve (12) month period. The foregoing termination right is not an
exclusive remedy and is in addition to any other rights or remedies Purchaser may have under this Agreement at law or in equity. 
  

	7.	INVOICES 

 Invoices shall be based
on the gross weight of rolls on shipment, including paper, wrappings and plugs. 
  

	8.	TERMS OF PAYMENT AND TAXES 

 Terms
of payment shall be net cash no later than the last day of the month for Newsprint delivered to Purchaser during the previous month. Interest at the rate of either 6% per annum or the “Base Rate” charged from time to time by
Citibank, New York, New York, plus 1%, whichever is greater, shall be paid on all amounts remaining unpaid following the due dates. Any taxes, levies, rates, assessments or duties imposed by any governmental authority, other than taxes measured by
SP’s profits, which directly or indirectly apply to the Newsprint, shall be paid by Purchaser. 
  

 -20- 

	9.	CLAIMS 

 No allowance shall be made
for Newsprint left on cores or for waste or damage after delivery of the Newsprint to a carrier for shipment to Purchaser, unless such damage is not visible on delivery in which case a claim must be made by Purchaser to SP within fifteen
(15) days after the removal of the wrapper. No claim shall be allowed for consequential damage. In case of a claim by Purchaser of any nature with respect to any shipment of the Newsprint pursuant hereto, Purchaser shall notify SP thereof
within 15 days after the receipt of such shipment. If Purchaser fails to give such notice, it shall be deemed to have waived such claim. 
  

	10.	CONTINGENCIES 

 In case SP shall be
unable or fail at any time to supply or ship any Newsprint covered by this Agreement because of war, terrorist attack, national defense, riot, civil commotion, act of the public enemy, act of God, fire, explosion, accident, strike, lockout, labor
disturbances, flood, drought, embargo, or any other delay or contingency resulting from a cause or causes beyond its reasonable control (“force majeure”), SP shall not be liable to Purchaser for any failure to supply such Newsprint
in proportion to the extent of such disability nor for any delay due to force majeure; and if Purchaser shall be unable or shall fail at any time to take any of the Newsprint in consequence of force majeure, Purchaser likewise shall not be liable to
SP for any such failure in proportion to its disability or for any delay. Notwithstanding the foregoing, Purchaser agrees to accept shipments in transit when any of the above described events occur. 
  

	11.	DEFAULT 

 If Purchaser fails to pay
any amount due hereunder or fails to perform any other provisions of this Agreement, SP may, notwithstanding any other provisions of this Agreement, and in addition to any other remedies available to it under applicable law, 

  

 -21- 

 
make deliveries subject to payment upon presentation of sight draft attached to Bill of Lading or refuse to furnish any additional Newsprint hereunder to
Purchaser and declare the obligations of Purchaser hereunder due forthwith, but Purchaser shall remain liable to SP for all loss and damage sustained by reason of such failure. 
 SP may, at its sole discretion, terminate this Agreement upon fifteen (15) calendar days’ written notice if more than $500,000,
including interest, is undisputed and owed under this Agreement by Purchaser to SP and is overdue for seventy-five (75) calendar days or more; provided, however, that SP may not so terminate this Agreement if Purchaser pays all such amounts
owed and outstanding, including interest, within such fifteen (15) day period. 
  

	12.	NOTICES 

 Except as otherwise
expressly set forth in this Agreement, all notices given hereunder shall be in writing and shall be delivered in hard copy using one of the following methods and shall be deemed delivered upon receipt: (i) by hand, (ii) by an express
courier with a reliable system for tracking delivery, or (iii) by registered or certified mail, return receipt requested, postage prepaid. Unless otherwise notified by a Party to the other Party in the manner specified above, the foregoing
notices shall be delivered as follows: 
 If to SP: 
 SP Newsprint Co. 
 Vice President of Marketing 
 245 Peachtree Center Avenue 
 Atlanta, Georgia 30303 
 with a copy to: 
 SP Newsprint Co. 
 Vice President of Operations 
 245 Peachtree Center Avenue 
 Atlanta, Georgia 30303 
  

 -22- 

 If to Purchaser: 
 Media General Operations, Inc. 
 c/o Media General, Inc. 
 333 East Franklin Street 
 Richmond, VA 23219 
 Attn: Treasurer 
 with a copy to: 
 Media General Operations, Inc. 
 c/o Media General, Inc. 
 333 East Franklin Street 
 Richmond, VA 23219 
 Attn: General Counsel 
  

	13.	ASSIGNMENT 

 Except as otherwise set
forth below in this Section 13, this Agreement may not be assigned by either Party without the written consent of the other Party and any such attempted assignment will be void. This Agreement may be assigned by a Party, without the consent of
the other Party, upon written notice to other Party (i) in connection with a Change in Control of a Party, (ii) in the case of Purchaser, to an Affiliate; provided, however, such assignment will not relieve Purchaser of its obligations
hereunder, or (iii) in the case of SP, by SP to one or more lenders as security for indebtedness for borrowed money. 
 Additionally, upon the prior written consent of SP (which consent will not be unreasonably withheld or delayed), if Purchaser divests an Affiliate that received, and/or sells a publication or publications that consumed, at least five
thousand (5,000) tons of Newsprint under this Agreement from SP during the preceding twelve (12) month period and such divested entity or buyer of divested assets agrees to be bound by terms and 

  

 -23- 

 
conditions substantially similar to the terms and conditions set forth in this Agreement (including, without limitation, agreeing to an annual tonnage
commitment for the remainder of the term of this Agreement), then, Purchaser may assign its rights and delegate its obligations to such divested entity or buyer of divested assets; provided, however, if SP does not consent to such assignment, then
the Annual Tonnage Commitment will be reduced by the amount of Newsprint purchased by such divested entity (or relating to such divested assets) during the preceding twelve (12) month period. Upon such assignment and delegation (or other
assignment and delegation consented to in writing by SP), (i) such divested entity (or buyer of divested assets) will be included in the definition of “Companies” under this Agreement solely to the extent of the Annual Tonnage
Commitment assigned by Purchaser to such divested entity or buyer of divested assets (including, for clarification, the submission of pricing data to SP in accordance with Section 3 of this Agreement); (ii) the agreement between SP and
such divested entity or buyer of divested assets will be included with the definition of “Purchase Contracts” under this Agreement solely to the extent of the Annual Tonnage Commitment assigned to such divested entity or buyer of divested
assets (including, for clarification, the submission of pricing data to SP in accordance with Section 3 of this Agreement); and (iii) the Annual Tonnage Commitment set forth in Section 2.1 shall be reduced by an amount equal to the
annual tonnage commitment that the third party agrees to purchase from SP for such period under this Agreement as the third party agrees to make such annual tonnage commitment, and Purchaser shall be fully released with respect to all obligations
relating thereto. 
  

	14.	CONTRACT COMPLETE 

 This Agreement
sets forth the entire agreement of the Parties, including all of the 

  

 -24- 

 
terms and conditions of the agreement between the Parties with respect to the sale and purchase of the Newsprint, and supersedes all prior executed and
unexecuted versions of this Agreement. This Agreement may not be altered in any respect by either Party, except with the consent of both Parties in writing executed by their respective duly authorized officers; provided, however, prior to a Change
in Control of SP, this Agreement may not be altered in any respect by either Party, except with consent of both Parties in writing executed by their respective duly authorized officers and the prior consent of the SP Management Board. This Agreement
is the valid and binding Agreement of the Parties and their permitted successors and assigns. The Parties acknowledge that newsprint purchase contracts are frequently treated by the parties thereto and by the newsprint and newspaper industries
merely as expressions of intent, and not as binding contractual commitments legally enforceable in accordance with their terms. However, the Parties expressly disclaim and negate such usage of trade or industry practices, and any prior course of
dealing between the Parties, or between SP and others, which may have followed such usage of trade, and the Parties explicitly agree and affirm that this Agreement is valid, binding and legally enforceable upon them in accordance with its terms, and
that either Party may seek specific performance hereof in a court of appropriate jurisdiction. 
  

	15.	CONFIDENTIALITY 

  

	 	15.1	Confidential Information. 

 From
time to time, either Party (the “Disclosing Party”) may disclose or make available to the other Party (the “Receiving Party”), whether orally or in physical form, confidential or proprietary information concerning
the Disclosing Party and/or its business, products, services or deliverables from its professional advisors or agents 

  

 -25- 

 
(together, “Confidential Information”) in connection with this Agreement. Each Party agrees that during the term of this Agreement and
thereafter (i) it will use Confidential Information belonging to the Disclosing Party solely for the purpose(s) of this Agreement and (ii) it will take all reasonable precautions to ensure that it does not disclose Confidential Information
belonging to the Disclosing Party to any third party (other than the Receiving Party’s employees, agents and/or professional advisors on a need-to-know basis who are made aware of the nondisclosure and limited use obligations contained herein)
without first obtaining the Disclosing Party’s written consent. The Receiving Party is responsible for any breach of the confidentiality provisions of this Agreement by its employees or agents. Upon request by the Disclosing Party, the
Receiving Party will return all copies of any Confidential Information to the Disclosing Party. For Confidential Information that does not constitute “trade secrets” under applicable law, these confidentiality obligations will expire three
(3) years after the termination or expiration of this Agreement. 
  

	 	15.2	Exceptions. 

 For purposes hereof,
“Confidential Information” will not include any information that the Receiving Party can establish by written evidence (i) was independently developed by the Receiving Party without use of or reference to any Confidential
Information belonging to the Disclosing Party; (ii) was acquired by the Receiving Party from a third party having the legal right to furnish same to the Receiving Party; (iii) was at the time in question (whether at disclosure or
thereafter) generally known by or available to the public (through no fault of the Receiving Party); or (iv) was in possession of or known to the Receiving Party prior to the disclosure by the Disclosing Party. 
  

 -26- 

	 	15.3	Governmental Authorities. 

 These
confidentiality obligations will not restrict any disclosure required by order of a court or any government agency, provided that the Receiving Party gives prompt notice to the Disclosing Party of any such order and reasonably cooperates with the
Disclosing Party at the Disclosing Party’s request and expense to resist such order or to obtain a protective order. 
  

	16.	APPLICABLE LAW 

 This contract shall
be governed by the laws of the State of Georgia, without regard to or application of conflicts of laws rules or principles. 
  

	17.	RIGHTS OF THE PARTIES ARE CUMULATIVE 

 The rights of the Parties hereunder are cumulative and no exercise or enforcement by a Party of any right or remedy hereunder shall preclude the exercise or enforcement by a Party of any other right or remedy hereunder or which a Party is
entitled by law or equity to enforce. 
  

	18.	ORIGINAL MEDIA GENERAL AGREEMENT 

 On the Effective Date, the Parties acknowledge and agree that this Agreement will be in full force and effect and that the Original Media General Agreement will terminate. 
 [signatures on next page] 
  

 -27- 

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Execution Date set forth above.

  

			
	SP NEWSPRINT CO.
		
	By:	 	 /s/ Joseph R. Gorman

	Name:	 	Joseph R. Gorman
	Title:	 	President
	
	MEDIA GENERAL OPERATIONS, INC.
		
	By:	 	 /s/ John A. Schauss

	Name:	 	John A. Schauss
	Title:	 	Vice President – Finance & Chief Financial Officer

  

 -28-

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