Document:

Tax Allocation Agreement-Fortune Brands, Inc. and ACCO Brands Corporation

 Exhibit 10.1 
  

  
 TAX ALLOCATION AGREEMENT 
  
 by and between 
  
 FORTUNE BRANDS, INC. 
  
 and 
  
 ACCO WORLD CORPORATION 
  

  
 August 16, 2005 

 TABLE OF CONTENTS 
  

							
	 	  	 	  	Page

	ARTICLE I	  	DEFINITIONS	  	2
	 	  	Section 1.01	  	General	  	2
	 	  	Section 1.02	  	Schedules, etc	  	7
			
	ARTICLE II	  	FILING OF TAX RETURNS; PAYMENT OF TAXES; REFUNDS	  	8
	 	  	Section 2.01	  	Preparation of Tax Returns	  	8
	 	  	Section 2.02	  	Payment of Income Taxes	  	9
	 	  	Section 2.03	  	Tax Refunds and Carrybacks	  	10
	 	  	Section 2.04	  	Straddle Period Taxes	  	12
	 	  	Section 2.05	  	Tax Audit Adjustments	  	12
			
	ARTICLE III	  	TAX INDEMNIFICATION; TAX CONTESTS	  	13
	 	  	Section 3.01	  	Indemnification	  	13
	 	  	Section 3.02	  	Distribution Taxes	  	15
	 	  	Section 3.03	  	Notice of Indemnity	  	16
	 	  	Section 3.04	  	Payments	  	16
	 	  	Section 3.05	  	Tax Contests	  	19
			
	ARTICLE IV	  	OPTIONS; COMPENSATION PAYMENTS; FOREIGN NET OPERATING LOSSES; SEPARATE TAX RETURN FOR 2005; INTEREST CHARGE FOR LATE PAYMENTS	  	19
	 	  	Section 4.01	  	Stock Options.	  	19
	 	  	Section 4.02	  	Compensation Payments	  	21
	 	  	Section 4.03	  	Foreign Net Operating Losses	  	21
	 	  	Section 4.04	  	Separate Tax Return Liability for 2005	  	22
	 	  	Section 4.05	  	Change in Law	  	23
	 	  	Section 4.06	  	Interest Charge for Late Payments	  	23
			
	ARTICLE V	  	COOPERATION AND EXCHANGE OF INFORMATION	  	24
	 	  	Section 5.01	  	Inconsistent Actions	  	24
	 	  	Section 5.02	  	Cooperation and Exchange of Information	  	24
	 	  	Section 5.03	  	Tax Records	  	25
			
	ARTICLE VI	  	MISCELLANEOUS	  	26
	 	  	Section 6.01	  	Entire Agreement; Construction	  	26
	 	  	Section 6.02	  	Effectiveness	  	26
	 	  	Section 6.03	  	Survival of Agreements	  	26
	 	  	Section 6.04	  	Governing Law	  	26
	 	  	Section 6.05	  	Notices	  	26
	 	  	Section 6.06	  	Consent to Jurisdiction	  	27
	 	  	Section 6.07	  	Amendments	  	28
	 	  	Section 6.08	  	Assignment	  	28

  

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	 	 	Section 6.09	  	Captions; Currency	  	28
	 	 	Section 6.10	  	Severability	  	28
	 	 	Section 6.11	  	Parties in Interest	  	29
	 	 	Section 6.12	  	Schedules	  	29
	 	 	Section 6.13	  	Waivers; Remedies	  	29
	 	 	Section 6.14	  	Counterparts	  	29
	 	 	Section 6.15	  	Performance	  	29
	 	 	Section 6.16	  	Interpretation	  	29

  

			
	SCHEDULE 3.02(b)	 	ACCO TAX ACT
		
	SCHEDULE 3.02(c)	 	ACCO TAX REPRESENTATION LETTER
		
	SCHEDULE 3.02(d)	 	FORTUNE TAX REPRESENTATION LETTER
		
	SCHEDULE 4.04(b)	 	CERTAIN DIVIDENDS

  

 ii 

 TAX ALLOCATION AGREEMENT 
  
 TAX ALLOCATION AGREEMENT (this “Agreement”) dated as of August 16, 2005, by and between FORTUNE BRANDS,
INC., a Delaware corporation (“Fortune”), and ACCO WORLD CORPORATION, a Delaware corporation and a wholly-owned subsidiary of Fortune (“ACCO”). 
  
 WHEREAS, Fortune and ACCO have entered into a distribution agreement (the “Distribution Agreement”),
pursuant to which all of the issued and outstanding shares of common stock, par value $1.00 per share, of ACCO (the “ACCO Common Stock”) will be distributed on a pro rata basis to Fortune’s stockholders as provided in the
Distribution Agreement (the “Distribution”);  
  
 WHEREAS, the Boards of Directors of Fortune, ACCO, GENERAL BINDING CORPORATION, a Delaware corporation (“GBC”) and GEMINI ACQUISITION SUB, INC., a Delaware corporation and a wholly-owned subsidiary of ACCO
(“Acquisition Sub”) have approved an agreement and plan of merger (the “Merger Agreement”) pursuant to which Acquisition Sub and GBC will enter into a merger transaction in order to advance the long-term strategic
business interests of Fortune, ACCO, GBC and Acquisition Sub; 
  
 WHEREAS, the Boards of Directors of Fortune, ACCO, GBC and Acquisition Sub have determined to consummate such merger transaction by means of a business combination transaction in which, immediately following the Distribution Acquisition Sub
will merge with and into GBC (the “Merger”), with GBC being the surviving corporation; 
  
 WHEREAS, the parties to this Agreement intend that the Distribution qualify under Section 355 of the Code (as defined herein) as a spin-off, that the
Merger qualify under Section 368 of the Code as a reorganization and that the Merger Agreement shall constitute a “plan or reorganization” for purposes of Sections 354 and 361 of the Code; and 
  
 WHEREAS, Fortune and ACCO wish to provide for and agree upon the allocation
between the Fortune Tax Group (as defined herein) and the ACCO Tax Group (as defined herein) of all responsibilities, liabilities and benefits relating to or affecting Taxes (as defined herein) paid or payable by either of them for all taxable
periods, whether beginning before, on or after the Distribution Date (as defined herein). 

 NOW, THEREFORE, in consideration of the premises and of the respective agreements contained in this
Agreement, the parties hereto hereby agree as follows: 
  
 ARTICLE I 
  
 DEFINITIONS 
  
 Section 1.01 General. As used in this Agreement, the following
terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined). Any capitalized term not otherwise defined in this Agreement shall have the meaning ascribed to it in the
Distribution Agreement. 
  
 “Actually Realized”
shall mean, for purposes of determining the timing of any Taxes (or related Tax cost or benefit) relating to any payment, transaction, occurrence or event, the time at which the amount of Taxes (including estimated Taxes) payable by any person is
increased above or reduced below, as the case may be, the amount of Taxes that such person would be required to pay but for the payment, transaction, occurrence or event. 
  
 “ACCO” shall have the meaning ascribed thereto in the preamble. 
  
 “ACCO Foreign NOLs” shall have the meaning set forth in
Section 4.03(a). 
  
 “ACCO Group Employees and Former
Employees” shall mean individuals (i) who are employees of any member of the ACCO Tax Group on the date of the event giving rise to a deduction in respect of any Stock Options held by such individuals or (ii) who were employees of any
member of the ACCO Tax Group and were not thereafter employees of any member of the Fortune Tax Group. 
  
 “ACCO Post-Distribution Tax Act” shall have the meaning set forth in Section 3.01(a). 
  
 “ACCO Tax Act” shall have the meaning set forth in Section
3.02(b). 
  
 “ACCO Tax Group” shall mean (i) ACCO
and (ii) any corporation or other legal entity which ACCO directly or indirectly (a) owns immediately after the Distribution, or (b) owned prior to the Distribution but did not own at the time of the Distribution, but only if such entity was
disposed of directly or indirectly by ACCO to an entity other than a member of the Fortune Tax Group. 
  

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 “ACCO Tax Representation Letter” shall mean the letter delivered by ACCO to Fortune on
the Distribution Date, substantially in the form set forth in Schedule 3.02(c) attached hereto.  
  
 “Code” shall mean the Internal Revenue Code of 1986, as amended, or any successor legislation. 
  
 “Compensation Payments” shall mean all compensation payments
made by or at the direction of Fortune to employees of the ACCO Tax Group which are paid or accrued under the ACCO Senior Management Incentive Plan or the Day-Timers Special Incentive Plan. 
  
 “Distribution” shall mean the distribution of the ACCO
Common Stock on a pro rata basis to holders of Fortune Common Stock on the Distribution Date pursuant to the Distribution Agreement. 
  
 “Distribution Agreement” shall have the meaning ascribed thereto in the preamble. 
  
 “Distribution Date” shall mean the date on which the
Distribution occurs (or, if different, the date on which the Distribution is deemed to occur for U.S. federal Income Tax purposes). For purposes of this Agreement, the Distribution shall be deemed effective as of the end of the day on the
Distribution Date. 
  
 “Distribution Taxes” shall
mean any Taxes resulting from (a) the failure of the Distribution to qualify as a spin-off under Section 355 of the Code or (b) the failure of the Distribution to qualify as tax-free to Fortune or any member of the Fortune Tax Group under Section
355(c) of the Code. 
  
 “Expenses” shall mean any
and all expenses incurred in connection with investigating, defending or asserting any claim, action, suit or proceeding incident to any matter indemnified against hereunder (including court filing fees, court costs, arbitration fees or costs,
witness fees, and reasonable fees and disbursements of legal counsel, investigators, expert witnesses, consultants, accountants and other professionals). 
  
 “Foreign Income Tax” shall mean any Income Tax other than a U.S. federal, state or local Income Tax. 
  
 “Foreign Income Tax Returns” shall mean any Income Tax
Return which is not a U.S. federal, state or local Income Tax Return. 
  
 “Fortune” shall have the meaning ascribed thereto in the preamble. 
  

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 “Fortune Board” shall mean the Board of Directors of Fortune or a duly authorized
committee thereof. 
  
 “Fortune Common Stock”
shall mean the Common Stock, par value of $3.125 per share, of Fortune. 
  
 “Fortune Common Stock Options” shall mean options to acquire Fortune Common Stock. 
  
 “Fortune Credited Cash” shall have the meaning ascribed thereto in the Distribution Agreement. 
  
 “Fortune Foreign NOLs” shall have the meaning set forth in
Section 4.03(b). 
  
 “Fortune Tax Group” shall
mean (i) Fortune, (ii) any corporation or other legal entity which Fortune directly or indirectly owns on the Distribution Date at any time after the Distribution, and (iii) any other corporation or other legal entity which Fortune directly or
indirectly owned at any time prior to the Distribution Date other than a member of the ACCO Tax Group.  
  
 “Fortune Tax Representation Letter” shall mean the letter delivered by Fortune to ACCO on the Distribution Date, substantially in the
form set forth in Schedule 3.02(d) attached hereto.  
  
 “Fortune/ACCO Tax Group” shall mean any corporation or other legal entity which is a member of the Fortune Tax Group or the ACCO Tax Group but only with respect to taxable periods (or portions thereof) ending on or before
the Distribution Date. 
  
 “GBC” shall have the
meaning ascribed thereto in the preamble. 
  
 “Income
Tax” shall mean (a) any Tax based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, minimum Tax and any Tax on items of Tax preference, but not including sales,
use, real or personal property, gross or net receipts, transfer or similar Taxes) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be
based, measured by, or calculated with respect to, is described in clause (i) above, or (b) any U.S. state or local franchise Tax; including in the case of each of (a) and (b) any related interest and any penalties, additions to such Tax or
additional amounts imposed with respect thereto by any Tax Authority. 
  

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 “Income Tax Benefit” shall mean for any taxable period the excess of (i) the
hypothetical Income Tax liability of the taxpayer for the taxable period calculated as if the Timing Difference or Reverse Timing Difference, as the case may be, had not occurred but with all other facts unchanged, over (ii) the actual Income Tax
liability of the taxpayer for the taxable period, calculated taking into account the Timing Difference or Reverse Timing Difference, as the case may be (treating an Income Tax refund or credit as a negative Income Tax liability for purposes of such
calculation). 
  
 “Income Tax Detriment” shall
mean for any taxable period the excess of (i) the actual Income Tax liability of the taxpayer for the taxable period, calculated taking into account the Timing Difference or Reverse Timing Difference, as the case may be, over (ii) the hypothetical
Income Tax liability of the taxpayer for the taxable period, calculated as if the Timing Difference or Reverse Timing Difference, as the case may be, had not occurred but with all other facts unchanged (treating an Income Tax refund or credit as a
negative Income Tax liability for purposes of such calculation). 
  
 “Income Tax Return” shall mean any Tax Return that relates to Income Taxes. 
  
 “Indemnitee” shall have the meaning set forth in Section 3.03. 
  
 “Indemnitor” shall have the meaning set forth in Section 3.03. 
  
 “Indemnity Issue” shall have the meaning set forth in
Section 3.03. 
  
 “IRS” shall mean the Internal
Revenue Service. 
  
 “Losses” shall mean any and
all losses, costs, obligations, liabilities, settlement payments, awards, judgments, fines, penalties, damages, expenses, deficiencies or other charges. 
  
 “Non-Income Tax” shall mean any Tax other than an Income Tax. 
  
 “Person” shall mean any individual, partnership, joint venture, corporation, limited liability entity,
trust, unincorporated organization or other entity (including a governmental entity). 
  
 “Post-Distribution Taxable Period” shall mean a taxable period beginning after the Distribution Date. 
  

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 “Post-Tax Indemnification Period” shall mean any Post-Distribution Taxable Period and
that portion of any Straddle Period that begins on the day after the Distribution Date. 
  
 “Pre-Distribution Taxable Period” shall mean a taxable period ending on or before the Distribution Date. 
  
 “Representative” shall mean, with respect to any Person, any of such Person’s directors, officers, employees, agents, consultants,
advisors, accountants, attorneys and representatives. 
  
 “Reverse Timing Difference” shall mean an increase in income, gain or recapture, or a decrease in deduction, loss or credit, as calculated for Income Tax purposes, of the taxpayer for any taxable period coupled with an
increase in deduction, loss or credit, or a decrease in income, gain or recapture, of the taxpayer or a related taxpayer for the same or a subsequent taxable period. 
  
 “Stock Options” shall mean ACCO Common Stock Options or Fortune Common Stock Options. 
  
 “Straddle Period” shall mean a taxable period that includes
but does not end on the Distribution Date. 
  
 “Tax” and “Taxes” shall mean all forms of taxation, whenever created or imposed, and whether of the United States or elsewhere, and whether imposed by a federal, state, municipal, governmental, territorial,
local, foreign or other body, and without limiting the generality of the foregoing, shall include net income, gross income, gross receipts, sales, use, value added, ad valorem, transfer, recording, franchise, profits, license, lease, service,
service use, payroll, wage, withholding, employment, unemployment insurance, workers compensation, social security, excise, severance, stamp, business license, business organization, occupation, premium, property, environmental, windfall profits,
customs, duties, alternative minimum, estimated or other taxes, fees, premiums, assessments or charges of any kind whatever imposed or collected by any governmental entity or political subdivision thereof, together with any related interest and any
penalties, additions to such tax or additional amounts imposed with respect thereto by any Tax Authority. 
  
 “Tax Authority” shall mean, with respect to any Tax, any governmental entity, quasi-governmental body or political subdivision thereof
that imposes such Tax and the agency (if any) charged with the determination or collection of such Tax for such entity, body or subdivision. 
  

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 “Tax Group” shall mean the Fortune Tax Group or the ACCO Tax Group, as the case may be.

  
 “Tax Indemnification Period” shall mean any
Pre-Distribution Taxable Period and that portion of any Straddle Period that ends on the Distribution Date. 
  
 “Tax Return” shall mean any return, filing, questionnaire, information return, election or other document required or permitted to be
filed, including requests for extensions of time, filings made with respect to estimated tax payments, claims for refund and amended returns that may be filed, for any period with any Tax Authority (whether domestic or foreign) in connection with
any Tax (whether or not a payment is required to be made with respect to such filing). 
  
 “Timing Difference” shall mean a decrease in income, gain or recapture, or an increase in deduction, loss or credit, as calculated for Income Tax purposes, of the taxpayer for any taxable period
coupled with a decrease in deduction, loss or credit, or an increase in income, gain or recapture, of the taxpayer or a related taxpayer for the same or a subsequent taxable period. 
  
 “Transaction Agreements” shall have the meaning ascribed thereto in the Distribution Agreement. 

 
 “Transfer Taxes” shall mean any sales Taxes, use Taxes,
real property transfer or gains Taxes, asset transfer documentary stamp Taxes or similar Taxes. For the avoidance of doubt, Transfer Taxes shall not include any Income Taxes. 
  
 Section 1.02 Schedules, etc. References to a “Schedule” are, unless otherwise specified, to a
Schedule attached to this Agreement; references to “Section” or “Article” are, unless otherwise specified, to one of the Sections or Articles of this Agreement; references to “sub-section” are,
unless the context otherwise requires, references to the section in which the reference appears; and references to this Agreement include the Schedules. 
  

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 ARTICLE II 
  
 FILING OF TAX RETURNS; PAYMENT OF TAXES; REFUNDS 
  
 Section 2.01 Preparation of Tax Returns. 
  
 (a) Fortune shall prepare and file or cause to be prepared and filed all Tax Returns (including amendments thereto) which
are required to be filed in respect of (A) a member of the ACCO Tax Group for any Pre-Distribution Taxable Period or Straddle Period in which such ACCO Tax Group member is required to file a consolidated, combined or unitary Tax Return with a member
of the Fortune Tax Group or (B) a member of the Fortune Tax Group for any taxable period. 
  
 (b) ACCO shall prepare and file or cause to be prepared and filed all Tax Returns (including amendments thereto) which are required to be filed in respect of (A) a member of the ACCO Tax Group for any Pre-Distribution
Taxable Period or Straddle Period in which such ACCO Tax Group member is not required to file a consolidated, combined or unitary Tax Return with a member of the Fortune Tax Group and (B) a member of the ACCO Tax Group for Post-Distribution Taxable
Periods. 
  
 (c) Unless Fortune and ACCO otherwise agree in
writing, all Tax Returns (including amendments thereto) described in this Section 2.01 filed after the date of this Agreement for Pre-Distribution Taxable Periods or Straddle Periods, in the absence of a controlling change in law or circumstances,
shall be prepared on a basis consistent with the elections, accounting methods, conventions and principles of taxation used for the most recent taxable periods for which Tax Returns involving similar matters have been filed. 
  
 (d) The Fortune Tax Group and the ACCO Tax Group will be included in the
consolidated federal Income Tax Returns of the Fortune Tax Group for the calendar year 2004 and the portion of the calendar year 2005 ending on the Distribution Date. If the Distribution occurs, ACCO shall provide complete packages of information
and such other information as Fortune may reasonably request, to enable Fortune to include the ACCO Tax Group in such consolidated federal Income Tax Returns (to the extent information was not previously provided to Fortune). Such information
packages shall be prepared in accordance with instructions and procedures furnished by Fortune. In the case of the 2004 consolidated federal Income Tax Return, such information package was furnished by Fortune on or about May 1, 2005 and the
responses to such information package shall be delivered to Fortune not later than August 1, 2005 (unless otherwise agreed by the parties hereto). In the case 
  

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 of the 2005 consolidated federal Income Tax Return, such information package shall be furnished by Fortune not later than
one month after the Distribution Date (unless otherwise agreed by the parties hereto) and the responses to such information package shall be delivered to Fortune not later than three months after receipt of such information package (unless otherwise
agreed by the parties hereto). Promptly after completion thereof, Fortune shall furnish to ACCO a copy of the pro forma separate federal Income Tax Returns of the ACCO Tax Group, or similar data, used in the preparation and filing of the
consolidated federal Income Tax Returns of the Fortune Tax Group for the 2004 and 2005 tax periods, as the case may be. In the case of the 2004 and 2005 combined Illinois and Kentucky Income Tax Returns, ACCO shall provide pro forma separate
Illinois and Kentucky Income Tax Returns of the ACCO Tax Group to Fortune on the same dates as it provides responses to the corresponding federal Income Tax Return information packages. 
  
 (e) At least twenty (20) days prior to the due date (or filing date in the case of an amended Tax Return) for filing any Tax
Return which Fortune is responsible for filing under Section 2.01(a) and, upon the request of Fortune, at least twenty (20) days prior to the due date (or filing date in the case of any amended Tax Return) for filing any Tax Return for which ACCO is
responsible for filing under Section 2.01(a), the party responsible under this Section 2.01 for preparation of a particular Tax Return for Pre-Distribution Taxable Periods or Straddle Periods shall make available a draft of such Tax Return (or
relevant portions thereof) for review and comment by such non-responsible party. Subject to the provisions of this Agreement, all decisions relating to the preparation of Tax Returns shall be made in the sole discretion of the party responsible
under this Agreement for such preparation. 
  
 Section 2.02
Payment of Income Taxes. 
  
 Except as otherwise
provided in this Agreement: 
  
 (a) Fortune shall pay or cause to
be paid, on a timely basis, all Income Taxes shown as due on Income Tax Returns for (A) any member of the ACCO Tax Group for any Pre-Distribution Taxable Period or Straddle Period in which such ACCO Tax Group member is required to file a
consolidated, combined or unitary Income Tax Return with a member of the Fortune Tax Group and (B) any member of the Fortune Tax Group for any taxable period; provided, however, that ACCO, on behalf of the ACCO Tax Group, hereby
assumes and agrees to pay directly to or at the direction of Fortune, at times consistent with past practice, the portion of such Income Taxes shown as due on such Income Tax Returns for any 2005 Pre-Distribution Taxable Period or Straddle Period
which relates to a member of the ACCO Tax Group or its business, assets or activities determined in accordance with Section 2.04. After the date of this Agreement, Fortune will provide a written 
  

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 notice to ACCO of the ACCO Tax Group’s unpaid share of any consolidated, combined or unitary Income Tax liability
for 2005 after taking into account all estimated Income Tax payments received by Fortune from ACCO. Such written notice shall include such computations and descriptions as may be necessary to identify and support the basis for the determination of
the amount requested in the notice. ACCO shall pay any such amount to Fortune within ten days of ACCO’s receipt of such written notice; provided however, that ACCO shall have the right to dispute the amount and/or method of determining the
amount requested in the notice, and, to the extent of the amount disputed, ACCO shall pay any disputed amount (as it may be revised pursuant to the resolution of any dispute) to Fortune within the later of (i) ten days of ACCO’s receipt of such
written notice and (ii) ten days of ACCO’s receipt of such written notice as revised pursuant to the resolution of any dispute. 
  
 (b) ACCO shall pay or cause to be paid, on a timely basis, all U.S. state and local and all foreign Income Taxes shown as due on Income Tax Returns for
(A) any member of the ACCO Tax Group for any Pre-Distribution Taxable Period or Straddle Period in which such ACCO Tax Group member is not required to file a consolidated, combined or unitary Tax Return with a member of the Fortune Tax Group and (B)
any member of the ACCO Tax Group for any Post-Distribution Taxable Period. 
  
 (c) Notwithstanding any other provision of this Agreement, all Transfer Taxes incurred in connection with the Distribution and/or the Merger shall be paid by the ACCO Tax Group. 
  
 (d) Prior to the determination under the Distribution Agreement of the
Fortune Credited Cash, a payment has been made by ACCO to Fortune (by means of an adjustment to intercompany accounts) in respect of U.S. federal, state and local consolidated, combined and unitary Income Taxes due on or about March 15, 2005 from
ACCO to Fortune in respect of the 2004 tax year and for the period through March 15, 2005 in respect of the 2005 tax year based on a good faith estimate by Fortune and ACCO of such Taxes. It is intended that the Fortune Credited Cash shall reflect a
reduction for such amount of U.S. federal, state and local consolidated, combined and unitary Income Taxes so paid. Notwithstanding any other provision of this Agreement, or any other Transaction Agreement, in the event that the computation of
Fortune Credited Cash does not reflect a reduction for such payment, Fortune (and not ACCO) shall be liable for such amount of Income Taxes. 
  
 Section 2.03 Tax Refunds and Carrybacks. 
  
 (a) Retention and Payment of Tax Refunds. Except as otherwise provided in this Agreement, Fortune shall be entitled to retain, and to

  

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 receive within ten days after Actually Realized by the ACCO Tax Group, the portion of all refunds or credits of Taxes for
which the Fortune Tax Group is liable pursuant to Section 2.02 or Section 3.01(a), and ACCO shall be entitled to retain, and to receive within ten days after Actually Realized by the Fortune Tax Group, the portion of all refunds or credits of Taxes
for which the ACCO Tax Group is liable pursuant to Section 2.02 or Section 3.01(b). For the avoidance of doubt, the Fortune Tax Group (and not the ACCO Tax Group) shall be deemed the party liable for (and therefore entitled to the refund or credit
of) all Income Taxes paid by the ACCO Tax Group on or before March 15, 2005. Notwithstanding the foregoing and subject to Sections 3.04 and 4.03, the ACCO Tax Group shall be entitled to retain, and to receive within ten days after Actually Realized
by the Fortune Tax Group, the portion of all refunds or credits of Taxes attributable to ACCO Foreign NOLs (as defined in Section 4.03(a)). The amount of any refund or credit of Taxes to which Fortune or ACCO is entitled to retain or receive
pursuant to the foregoing sentence shall be reduced to take account of any Taxes incurred by the ACCO Tax Group, in the case of a refund or credit to which Fortune is entitled, or the Fortune Tax Group, in the case of a refund or credit to which
ACCO is entitled, upon the receipt of such refund or credit. 
  
 (b) Carrybacks. Unless the parties otherwise agree in writing, ACCO shall elect and shall cause each member of the ACCO Tax Group to elect, where permitted by law, to carry forward any net operating loss, net capital loss,
charitable contribution or other item arising after the Distribution Date that could, in the absence of such election, be carried back to a Pre-Distribution Taxable Period. Except as otherwise provided in this Agreement, notwithstanding the
provisions of Section 2.03(a), (i) any refund or credit of Taxes resulting from the carryback of any item of loss, deduction or credit attributable to the ACCO Tax Group arising in a Post-Tax Indemnification Period to a Tax Indemnification Period
shall be for the account and benefit of the ACCO Tax Group, and (ii) any refund or credit of Taxes resulting from the carryback of any item of loss, deduction or credit attributable to the Fortune Tax Group arising in a Post-Tax Indemnification
Period to a Tax Indemnification Period shall be for the account and benefit of the Fortune Tax Group. 
  
 (c) Refund Claims. Fortune shall be permitted to file at Fortune’s sole expense, and ACCO shall reasonably cooperate with Fortune in
connection with, any claims for refund of Taxes to which Fortune is entitled pursuant to this Section 2.03 or any other provision of this Agreement. Fortune shall reimburse ACCO for any reasonable out-of-pocket costs and expenses incurred by any
member of the ACCO Tax Group in connection with such cooperation. ACCO shall be permitted to file at ACCO’s sole expense, and Fortune shall reasonably cooperate with ACCO in connection with, any claims for refunds of Taxes to which ACCO is
entitled pursuant to this Section 2.03 or any other provision of this Agreement. 
  

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 ACCO shall reimburse Fortune for any reasonable out-of-pocket costs and expenses incurred by any member of the Fortune
Tax Group in connection with such cooperation. 
  
 Section 2.04
Straddle Period Taxes. It is anticipated that, in the case of any member of the ACCO Tax Group which files a consolidated, combined or unitary Income Tax Return with a member of the Fortune Tax Group during all or a portion of 2005, (i)
the relevant taxable year of such ACCO Tax Group member beginning on January 1, 2005 will end on the Distribution Date, and items of income, gain, loss, deduction and credit with respect to such short taxable year shall be included in the Fortune
Tax Group consolidated, combined or unitary Income Tax Return for 2005 and (ii) items of income, gain, loss, deduction and credit with respect to the short taxable year of such ACCO Tax Group member beginning on the day after the Distribution Date
will not be included in any Fortune Tax Group Income Tax Return. Accordingly, it is not anticipated that any Straddle Period will exist with respect to a consolidated, combined or unitary Income Tax Return. If a Straddle Period exists and all or a
portion of such Straddle Period is included in a consolidated, combined or unitary Income Tax Return of the Fortune Tax Group, the Taxes of any member of the ACCO Tax Group or its business, assets or activities for that portion of any Straddle
Period ending on the Distribution Date shall be computed on a “closing-of-the-books” basis as if such taxable period ended as of the close of business on the Distribution Date, and the Taxes of any member of the ACCO Tax Group or its
business, assets or activities for that portion of any Straddle Period beginning after the Distribution Date shall be computed on a “closing-of-the-books” basis as if such taxable period began on the day after the Distribution Date. The
Taxes of the Fortune Tax Group and the ACCO Tax Group with respect to any Tax Return for a Pre-Distribution Period or a Straddle Period which includes a member of each of the Fortune Tax Group and the ACCO Tax Group or their respective businesses,
assets or activities shall be allocated between the Fortune Tax Group, on the one hand, and the ACCO Tax Group, on the other hand, determined in a manner analogous to that set forth in Treasury Regulation Section 1.1552-1(a)(2). 
  
 Section 2.05 Tax Audit Adjustments 
  
 (a) U.S. Federal Consolidated Income Tax Audit Adjustments. In
the event of a U.S. federal Income Tax audit proceeding affecting U.S. federal Income Taxes due from a member of the ACCO Tax Group for any Pre-Distribution Taxable Period, Fortune shall be responsible for payment of any additional U.S. federal
Income Taxes determined to be due as a result of such Tax audit proceeding (by settlement or otherwise) for any such period. 
  

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 (b) State, Local and Foreign Income Tax Audit Adjustments. In the event of a Tax audit
proceeding affecting state, local or foreign Income Taxes due from a member of the ACCO Tax Group for any Pre-Distribution Taxable Period or the portion of any Straddle Period ending on the Distribution Date, Fortune shall be responsible for payment
of any net additional state, local or foreign Income Taxes determined to be due for such periods as a result of such Tax audit proceeding (by settlement or otherwise) to the extent the total of such net additional Taxes due for all such Tax audit
proceedings exceed $1 million, but only to the extent of such excess. For the avoidance of doubt, ACCO shall be responsible for payment of any net additional state, local or foreign Income Taxes determined to be due as a result of any such Tax audit
proceeding to the extent the total of such net additional Taxes due for all such Tax audit proceedings equals $1 million or less, and ACCO shall pay any such net additional Taxes up to and including $1 million. In determining whether the amount of
net additional Taxes due for all such Tax audit proceedings equals $1 million or less, the amount of any increases in such state, local or foreign Income Taxes due shall be decreased by the amount of any reduction in U.S. federal, state, local or
foreign Income Taxes for any Tax period attributable to such Tax audit proceedings. 
  
 ARTICLE III 
  
 TAX
INDEMNIFICATION; TAX CONTESTS 
  
 Section 3.01
Indemnification. 
  
 (a) Fortune
Indemnification. Subject to Section 3.02, Fortune shall indemnify, defend and hold harmless each member of the ACCO Tax Group and each of their respective Representatives and each of the heirs, executors, successors and assigns of any of the
foregoing from and against any and all Losses and Expenses arising as a result of or in connection with: 
  
 (i) all Taxes of the Fortune Tax Group; 
  
 (ii) all Taxes for which Fortune is liable pursuant to Section 2.02, 2.05 or 3.02; 
  
 (iii) all liability as a result of Treasury Regulation Section 1.1502-6 or any comparable U.S. state, local or foreign
provision for Income Taxes of any person which is or has ever been affiliated with any member of the Fortune Tax Group or with which any member of the Fortune Tax Group joins or has ever joined (or is or has ever been required to join) in filing any
consolidated, combined or 
  

 13 

 unitary Income Tax Return for any Tax period ending on or before or including the Distribution Date except to the extent
the ACCO Tax Group is liable for such Taxes pursuant to Section 2.05 or 3.02; 
  
 (iv) all Taxes and all liability for any Tax period (whether beginning before, on or after the Distribution Date) attributable to the breach by any member of the Fortune Tax Group of any representation, warranty,
covenant or obligation under this Agreement; 
  
 (v) all Taxes
imposed in connection with the transactions contemplated by the Distribution Agreement or other Transaction Agreements, in each case undertaken to carry out the Distribution; and 
  
 (vi) all liability for any reasonable legal, accounting, appraisal, consulting or similar fees and expenses relating to the
foregoing. 
  
 Notwithstanding the foregoing, Fortune shall not indemnify, defend
or hold harmless any member of the ACCO Tax Group nor any of their respective Representatives or heirs, executors, successors and assigns of any of them from any liability for Taxes (other than with respect to Distribution Taxes) attributable to (I)
any Transfer Taxes incurred in connection with the Distribution and/or the Merger (which shall be paid by the ACCO Tax Group) or (II) any ACCO Post-Distribution Tax Act. An “ACCO Post-Distribution Tax Act” shall mean any action
taken by any member of the ACCO Tax Group that is not contemplated by this Agreement, the Merger Agreement or any other Transaction Agreement (x) after the Distribution or (y) that occurs after March 15, 2005 and is a restructuring transaction.

  
 (b) ACCO Indemnification. Subject to Section
3.02, ACCO shall be liable for, and shall indemnify, defend and hold harmless each member of the Fortune Tax Group and each of the respective Representatives and each of the heirs, executors, successors and assigns of any of the foregoing from and
against any and all Losses and Expenses arising as a result of or in connection with: 
  
 (i) all Taxes of any member of the ACCO Tax Group for any Post-Distribution Taxable Period; 
  
 (ii) all Taxes for which ACCO is liable pursuant to Sections 2.02, 2.05 or 3.02; 
  
 (iii) all Taxes and all liability for any Tax period (whether beginning before, on or after the Distribution Date)
attributable to the breach by any member of the ACCO Tax Group of any representation, warranty, covenant or obligation under this Agreement; 
  

 14 

 (iv) all Non-Income Taxes of any member of the ACCO Tax Group (whether attributable to any Tax period
beginning before, on or after the Distribution Date); 
  
 (v) all
Taxes attributable to an ACCO Post-Distribution Tax Act; and 
  
 (vi) all liability for any reasonable legal, accounting, appraisal, consulting or similar fees and expenses relating to the foregoing. 
  
 Section 3.02 Distribution Taxes. 
  
 (a) Except as otherwise provided in this Section 3.02, Fortune agrees to indemnify, defend and hold harmless each member of the ACCO Tax Group and each of
their respective Representatives and each of the heirs, executors, successors and assigns of any of the foregoing from and against any Distribution Taxes. For purposes of this Agreement, in determining the amount of any such Distribution Taxes, any
net operating losses of any member of the ACCO Tax Group which would otherwise have been taken into account in determining the amount of such liability shall be ignored. 
  
 (b) ACCO agrees to indemnify, defend and hold harmless each member of the Fortune Tax Group and each of their respective
Representatives and each of the heirs, executors, successors and assigns of any of the foregoing from and against any Distribution Taxes resulting from any ACCO Tax Act. For purposes of this Agreement, in determining the amount of any such Taxes
resulting from an ACCO Tax Act for which ACCO shall be liable, any net operating losses of any member of the Fortune Tax Group which would otherwise be taken into account in determining the amount of such liability shall be ignored. An “ACCO
Tax Act” shall be as specified on Schedule 3.02(b) attached hereto. 
  
 (c) ACCO shall, and shall cause each member of the ACCO Tax Group to, comply with and take no action inconsistent with the ACCO Tax Representation Letter, unless, pursuant to a favorable ruling letter obtained from
the IRS which is satisfactory to Fortune or the advice of nationally recognized Tax counsel to Fortune, which advice shall be reasonably satisfactory to Fortune, such act or omission would not adversely affect the U.S. federal Income Tax
consequences of the Distribution to Fortune or the shareowners of Fortune. Notwithstanding Section 3.01(b)(iii), the parties intend that the sole remedy for breach of the covenants contained in this Section 3.02(c) resulting in the imposition of any
Distribution Taxes shall be as set forth in Section 3.02(b). 
  

 15 

 (d) Fortune shall, and shall cause each member of the Fortune Tax Group to, comply with and take no
action inconsistent with the Fortune Tax Representation Letter, unless, pursuant to a favorable ruling letter obtained from the IRS which is satisfactory to ACCO or the advice of nationally recognized Tax counsel to ACCO, which advice shall be
reasonably satisfactory to ACCO, such act or omission would not adversely affect the U.S. federal Income Tax consequences of the Distribution to Fortune or the shareowners of Fortune. Notwithstanding Section 3.01(a)(iv), the parties intend that the
sole remedy for breach of the covenants contained in this Section 3.02(d) resulting in the imposition of any Distribution Taxes shall be as set forth in Section 3.02(a). 
  
 (e) Notwithstanding the foregoing, an ACCO Tax Act shall not include any transaction or action specifically disclosed or
specifically described in any of the Transaction Agreements or the Merger Agreement or any action taken on or prior to the Distribution Date. An ACCO Tax Act shall not include any action on the part of any member of the Fortune Tax Group.

  
 Section 3.03 Notice of Indemnity. Whenever a
party hereto (hereinafter an “Indemnitee”) becomes aware of the existence of an issue raised by any Tax Authority which could reasonably be expected to result in a determination that would increase the liability for any Tax of the
other party hereto or any member of its Tax Group for any Tax period or require a payment hereunder by the other party (hereinafter an “Indemnity Issue”), the Indemnitee shall in good faith promptly give notice to such other party
(hereinafter the “Indemnitor”) of such Indemnity Issue. The failure of the Indemnitee to give such notice shall not relieve the Indemnitor of its obligations under this Agreement, except to the extent such Indemnitor or a member of
its Tax Group is actually prejudiced by such failure to give notice. 
  
 Section 3.04 Payments. 
  
 (a) Timing
Adjustments. 
  
 (i) Timing Differences. If a
Tax audit proceeding or an amendment of a Tax Return results in a Timing Difference, and such Timing Difference results in a decrease in an indemnity obligation Fortune has or would otherwise have under Section 3.01(a) and/or an increase in the
amount of a Tax refund or credit to which Fortune is entitled under Section 2.03 for one taxable period then in each subsequent taxable period in which the ACCO Tax Group Actually Realizes an Income Tax Detriment, Fortune shall pay to ACCO an amount
equal to 
  

 16 

 such Income Tax Detriment; provided, however, that the aggregate payments which Fortune shall be required
to make under this Section 3.04(a)(i) with respect to any Timing Difference shall not exceed the aggregate amount of the Income Tax Benefits realized by the Fortune Tax Group and the ACCO Tax Group for such initial taxable period as a result of such
Timing Difference. Fortune shall make all such payments within ten days after ACCO notifies Fortune that the relevant Income Tax Detriment has been Actually Realized. 
  
 (ii) Reverse Timing Differences. If a Tax audit proceeding or an amendment to a Tax Return results in a
Reverse Timing Difference, and such Reverse Timing Difference results in an increase in an indemnity payment obligation of Fortune under Section 3.01(a) (or Fortune otherwise bears or has borne such increase in Taxes without reimbursement by ACCO),
and/or a decrease in the amount of a Tax refund or credit to which Fortune is or would otherwise be entitled under Section 2.03 for one taxable period, then in each subsequent taxable period in which the ACCO Tax Group Actually Realizes an Income
Tax Benefit, ACCO shall pay to Fortune within ten days after ACCO has Actually Realized such Income Tax Benefit an amount equal to such Income Tax Benefit; provided, however, that the aggregate payments which ACCO shall be required to
make under this Section 3.04(a)(ii) with respect to Reverse Timing Differences shall not exceed the aggregate amount of the Income Tax Detriments realized by the ACCO Tax Group and the Fortune Tax Group for such initial taxable period as a result of
such Reverse Timing Difference. 
  
 (iii) Offsetting
Liabilities. If a Tax audit proceeding or an amendment to a Tax Return results in an increase in state, local or foreign Income Tax liability that results in an increase in an indemnity payment obligation of Fortune under Section 3.01(a) (or
Fortune otherwise bears or has borne such increase in Taxes without reimbursement by ACCO), coupled with a reduction in U.S. federal, state, local or foreign Income Tax liability attributable to such Tax audit proceeding or amendment to a Tax Return
for the same taxable year, then to the extent the ACCO Tax Group Actually Realizes an Income Tax Benefit, ACCO shall pay to Fortune within ten days after ACCO has Actually Realized such Income Tax Benefit an amount equal to such Income Tax Benefit;
provided, however, that the aggregate payments which ACCO shall be required to make under this Section 3.04(a)(iii) shall not exceed the aggregate amount of the Income Tax Benefit arising in respect of such increase in state, local or
foreign Income Tax liability for which Fortune is liable under Section 3.01(a) (or for which Fortune otherwise bears or has borne without reimbursement by ACCO). 
  
 (b) Time for Payment. Except as otherwise provided in this Section 3.04(a), any indemnity payment required to
be made pursuant to this Agreement shall be paid within thirty days after the indemnified party makes written 
  

 17 

 demand (which written demand shall set forth such computations and descriptions as may be necessary to identify and
support the basis for the determination of the indemnity payment amount) upon the indemnifying party, provided that in no event shall such payment be required to be made earlier than five business days prior to the date on which the relevant Taxes
(including estimated Taxes) are required to be paid (or would be required to be paid if no such Taxes are due) to the relevant Tax Authority. Notwithstanding any other provision in this Agreement, to simplify the administration of this Agreement,
the payment of any amount less than $100,000 required to be made pursuant to this Agreement by one party hereto to another party hereto need not be made to such other party prior to thirty days following the later of (i) the close of the calendar
quarter during which such payment obligation arose and (ii) the day during such calendar quarter when the aggregate amount of all such less than $100,000 payment obligations arising during such calendar quarter exceeds $250,000. 
  
 (c) Payments Net of Taxes and Tax Benefits. The amount of any
payment under this Agreement shall be (i) reduced to take into account any net Tax benefit realized by the recipient’s Tax Group arising from the incurrence or payment by such recipient’s Tax Group of any amount in respect of which such
payment is made and (ii) increased to take into account any net Tax cost incurred by the recipient’s Tax Group as a result of the receipt or accrual of payments hereunder (grossed-up for such increase), in each case determined by treating the
recipient as recognizing all other items of income, gain, loss, deduction or credit before recognizing any item arising from the receipt of accrual of any payment hereunder; provided, that the parties hereto acknowledge that the Tax items giving
rise to payments hereunder, and the payments hereunder, may affect computations of earnings and profits and stock basis and that no such effects on earnings and profits or stock basis shall be taken into account in computing the amount of any
payment due under this Agreement. In determining the amount of any such Tax benefit or Tax cost, (I) if the recipient’s Tax Group’s taxable income for the year, after taking into account tax loss carryovers, is negative or zero, the
recipient’s Tax Group shall be deemed not subject to Tax for such purpose, and (II) in all other cases, the recipient’s Tax Group shall be deemed to be subject to Tax as follows: (A) U.S. federal Income Taxes and foreign Income Taxes at
the maximum statutory rate then in effect and (B) U.S. state and local Income Taxes at an assumed rate of five percent net of U.S. federal Income Tax benefits. Except as otherwise provided in this Agreement or unless the parties otherwise agree to
an alternative method for determining the present value of any such anticipated Tax benefit or Tax cost, any payment hereunder shall initially be made without regard to this section and shall be increased or reduced to reflect any such net Tax cost
(including gross-up) or net Tax benefit only after the recipient’s Tax Group has Actually Realized such Tax cost or Tax benefit. 
  

 18 

 (d) Right to Offset. Any party making a payment under this Agreement shall have the right
to reduce any such payment by any undisputed amounts owed to it by the other party to this Agreement. 
  
 (e) Characterization of Payments. It is the intention of the parties to this Agreement that payments made pursuant to this Agreement are to
be treated as relating back to the Distribution as an adjustment to capital (i.e., capital contribution or distribution), and the parties shall not take any position inconsistent with such intention before any Tax Authority, except to
the extent that a final determination (as defined in Section 1313 of the Code) with respect to the recipient party causes any such payment not to be so treated. 
  

Section 3.05 Tax Contests. The Indemnitor and its representatives, at the Indemnitor’s expense, shall be entitled to participate (a)
in all conferences, meetings and proceedings with any Tax Authority, the subject matter of which is or includes an Indemnity Issue and (b) in all appearances before any court, the subject matter of which is or includes an Indemnity Issue. The party
who has economic responsibility under this Agreement for the Tax issue that is the subject of the contest (the “Responsible Party”) with respect to which there could be an increase in liability for any Tax or with respect to which a
payment could be required hereunder shall have the right to decide as between the parties hereto how such matter is to be dealt with and finally resolved with the appropriate Tax Authority and shall control all audits and similar proceedings,
provided, however, that if the amount of any adjustment would have a material impact on the earnings or financial condition of the non-Responsible Party, then that party must consent to any such adjustment. The Responsible Party agrees to cooperate
in the settlement of any Indemnity Issue with the other party and to take such other party’s interests into account. 
  
 ARTICLE IV 
  
 OPTIONS; COMPENSATION PAYMENTS; FOREIGN NET OPERATING 
 LOSSES; SEPARATE TAX
RETURN FOR 2005; INTEREST CHARGE FOR 
 LATE PAYMENTS 
  
 Section 4.01 Stock Options. 
  
 (a) Stock Option Adjustments. Fortune Common Stock Options outstanding at the time of the Distribution will be
adjusted in accordance with the terms of the Employee Matters Agreement. 
  

 19 

 (b) Tax Deductions. Notwithstanding anything to the contrary in this Agreement, unless the
IRS issues a contrary private letter ruling to Fortune or ACCO, or Fortune and ACCO otherwise agree in writing, (i) the ACCO Tax Group (and not the Fortune Tax Group) shall claim any post-Distribution Date Tax deductions in respect of Fortune Common
Stock Options exercised by ACCO Group Employees and Former Employees and ACCO shall pay to Fortune the amount of any Tax benefit in respect of such Tax deductions within ten days after such amount is Actually Realized by ACCO, and (ii) the ACCO Tax
Group (and not the Fortune Tax Group) shall claim any post-Distribution Date Tax deductions in respect of ACCO Common Stock Options exercised by ACCO Group Employees and Former Employees.  
  
 (c) Notices, Withholding, Reporting. Fortune shall promptly
notify ACCO of any post-Distribution Date event giving rise to income to any ACCO Group Employees and Former Employees in connection with Fortune Common Stock Options and, if required by law, ACCO shall withhold applicable Taxes and satisfy
applicable Tax reporting obligations in connection therewith. Fortune shall within ten days of demand thereof reimburse ACCO for all reasonable out-of-pocket expenses incurred in connection with the Fortune Common Stock Options, including with
respect to incremental Tax reporting obligations and any incremental employment Tax obligations; provided that ACCO shall use reasonable efforts to collect any such amounts required to be paid by ACCO Group Employees and Former Employees from such
ACCO Group Employees and Former Employees. 
  
 (d) Tax Audit
Adjustments. Notwithstanding the provisions of Section 4.01(b), in the event a Tax audit proceeding shall determine (by settlement or otherwise), or the parties otherwise determine pursuant to Section 4.05, (i) that all or a portion of the
post-Distribution Date Tax deductions in respect of Fortune Common Stock Options should have been claimed by the Fortune Tax Group, the Fortune Tax Group shall claim such Tax deductions (by an amended Tax Return or otherwise) and shall repay to ACCO
the amount of any payments made by ACCO to Fortune in respect of such deductions pursuant to Section 4.01(b)(i) within ten days after such determination and (ii) that all or a portion of any post-Distribution Date Tax deductions in respect of ACCO
Common Stock Options should have been claimed by the Fortune Tax Group, the Fortune Tax Group shall claim such Tax deductions (by an amended Tax Return or otherwise) and shall pay to ACCO the amount of any Tax refund or credit arising in respect of
such Tax deductions within ten days after such Tax refund or credit is Actually Realized by the Fortune Tax Group. 
  

 20 

 Section 4.02 Compensation Payments. 
  
 (a) Tax Deductions. Notwithstanding anything to the contrary
in this Agreement, unless Fortune and ACCO otherwise agree in writing, the ACCO Tax Group (and not the Fortune Tax Group) shall claim the Post-Distribution Date Tax deductions in respect of Compensation Payments and ACCO shall pay to Fortune the
amount of any Tax benefit in respect of such Tax deductions within ten days after such amount is Actually Realized by ACCO. 
  
 (b) Notices, Withholding, Reporting. Fortune shall withhold and remit to ACCO applicable Taxes and shall provide ACCO with the information
necessary for ACCO to satisfy applicable Tax reporting obligations in connection with the Compensation Payments made to all ACCO Group Employees and Former Employees. 
  
 (c) Tax Audit Adjustments. Notwithstanding the provisions of Section 4.02(a), in the event a Tax audit
proceeding shall determine (by settlement or otherwise), or the parties otherwise determine pursuant to Section 4.05, that all or a portion of the Tax deductions in respect of Compensation Payments was not available to ACCO, then Fortune shall claim
such Tax deductions (by an amended Tax Return or otherwise) and shall pay to ACCO, within ten days after such Tax deduction has been Actually Realized by Fortune, the amount of the resulting Tax benefit. 
  
 Section 4.03 Foreign Net Operating Losses. 
  
 (a) As of the date of this Agreement, certain foreign members of the ACCO
Tax Group will have net operating loss carryforwards determined on a separate return basis (“ACCO Foreign NOLs”). Unless Fortune and ACCO otherwise agree in writing or unless otherwise required by law, the ACCO Tax Group shall apply
the ACCO Foreign NOLs solely against income of members of the ACCO Tax Group. If Fortune and ACCO agree in writing or are required by law to apply the ACCO Foreign NOLs against income of members of the Fortune Tax Group, then in the event that the
foreign Income Tax liability of any member of the Fortune Tax Group shall be reduced as a result of the use by such Fortune Tax Group member of any ACCO Foreign NOLs, including in connection with the loss relief claims pending against the United
Kingdom Government, Fortune shall pay to ACCO the amount of the net foreign Tax cost to the ACCO Tax Group resulting from the reduction in such ACCO Foreign NOLs from such use by a member of the Fortune Tax Group net of any Tax cost to the Fortune
Tax Group resulting from such use within ten days after such foreign Tax cost has been Actually Realized by the ACCO Tax Group; provided, however, that (i) the net foreign Tax cost to the ACCO Tax Group will be reduced to the extent of any reduction
in foreign Income Tax liability attributable to the use of 
  

 21 

 such ACCO Foreign NOLs in computing the foreign Income Tax liability of the ACCO Tax Group and (ii) ACCO shall repay to
Fortune the amount of any such foreign Tax cost paid by Fortune to ACCO to the extent that the ACCO Tax Group shall subsequently incur any reduction in foreign Income Tax liability attributable to the use of such ACCO Foreign NOLs in computing the
foreign Income Tax liability of the ACCO Tax Group. 
  
 (b) As of
the date of this Agreement, certain foreign members of the Fortune Tax Group will have net operating loss carryforwards determined on a separate return basis (“Fortune Foreign NOLs”). Unless Fortune and ACCO otherwise agree in
writing or unless otherwise required by law, the Fortune Tax Group shall apply the Fortune Foreign NOLs solely against income of members of the Fortune Tax Group. If Fortune and ACCO agree in writing or are required by law to apply the Fortune
Foreign NOLs against income of members of the ACCO Tax Group, then in the event that the foreign Income Tax liability of any member of the ACCO Tax Group shall be reduced as a result of the use by such ACCO Tax Group member of any Fortune Foreign
NOLs, including in connection with the loss relief claims pending against the United Kingdom Government, ACCO shall pay to Fortune the amount of the net foreign Tax cost to the Fortune Tax Group resulting from the reduction in such Fortune Foreign
NOLs from such use by a member of the ACCO Tax Group net of any Tax cost to the ACCO Tax Group resulting from such use within ten days after such foreign Tax cost has been Actually Realized by the Fortune Tax Group; provided, however, that (i) the
net foreign Tax cost to the Fortune Tax Group will be reduced to the extent of any reduction in foreign Income Tax liability attributable to the use of such Fortune Foreign NOLs in computing the foreign Income Tax liability of the Fortune Tax Group
and (ii) Fortune shall repay to ACCO the amount of any such foreign Tax cost paid by ACCO to Fortune to the extent that the Fortune Tax Group shall subsequently incur any reduction in foreign Income Tax liability attributable to the use of such
Fortune Foreign NOLs in computing the foreign Income Tax liability of the Fortune Tax Group. 
  
 Section 4.04 Separate Tax Return Liability for 2005. 
  
 (a) Stock Option and Compensation Payment Tax Deductions. Notwithstanding any other provisions of this Agreement, (i) in determining the
separate Income Tax liability of the ACCO Tax Group pursuant to Section 2.02(a) for 2005, the ACCO Tax deductions in respect of Fortune Common Stock Options and Compensation Payments shall not be taken into account and (ii) ACCO shall pay to Fortune
the amount Actually Realized by a member of the ACCO Tax Group as a result of any Tax benefit in respect of any Tax deductions in respect of any Compensation Payments with respect to any foreign Income Tax Return of a member of the ACCO Tax Group in
which such ACCO Tax Group member is not required to 
  

 22 

 file a consolidated, combined or unitary foreign Income Tax Return with a member of the Fortune Tax Group. Any such
payment shall be made within ten days after such Tax deduction has been Actually Realized by a member of the ACCO Tax Group. 
  
 (b) Taxes Attributable to Certain Foreign Dividends. Notwithstanding anything in this Agreement to the contrary, the Fortune Tax Group shall
pay all Taxes of any member of the ACCO Tax Group associated with the payment of any dividend set forth on Schedule 4.04(b), and in determining the separate Income Tax liability of the ACCO Tax Group pursuant to Section 2.02(a) for 2005, any such
dividends and the ACCO Tax credits in respect of such dividends shall not be taken into account. For the avoidance of doubt, the Fortune Tax Group’s liability for Taxes pursuant to this Section 4.04(b) shall include Taxes imposed on the ACCO
Tax Group as a result of an inclusion in the income of the ACCO Tax Group of an amount of Subpart F income that is attributable to any such dividends, regardless of whether such inclusion occurs in a Pre-Distribution Taxable Period or a
Post-Distribution Taxable Period. 
  
 Section 4.05 Change in
Law. Notwithstanding the agreement with respect to reporting of Tax items and the claiming of the deductions set forth in Article 4 of this Agreement, neither the ACCO Tax Group nor the Fortune Tax Group shall have any obligation to report
any such Tax items or claim such deductions as set forth in such Article in the event that either such party determines, based on an opinion of nationally recognized tax counsel, which opinion shall be reasonably satisfactory to the other party,
that there is no substantial authority to support reporting such Tax items or claiming such deductions on a Tax Return filed by such party as a result of a change in or amendment to any law or regulation, or any change in the official interpretation
thereof, effective or occurring after the date of this Agreement, and such Tax Group provides prompt notice to the other Tax Group of any such determination. 
  
 Section 4.06 Interest Charge for Late Payments. Any amount due and owing by one party to the other party pursuant to this Agreement that is
not paid when due shall bear interest from the due date thereof until paid at a rate per annum equal to the six month LIBOR rate published in the Wall Street Journal, Eastern Edition, in effect on the date such payment was required to be made
(calculated based on actual days elapsed in a 365-day year). 
  

 23 

 ARTICLE V 
  

COOPERATION AND EXCHANGE OF INFORMATION 
  
 Section 5.01 Inconsistent Actions. Each party to this Agreement agrees (i) to, and to cause each of the relevant members of its Tax Group
to, report the Distribution as a spin-off under Section 355 of the Code and the Merger as a reorganization described in Section 368 of the Code on all Tax Returns and other filings, (ii) to use its best efforts to ensure that the Distribution and
the Merger receive such treatment for U.S. federal Income Tax purposes and (iii) that, unless it has obtained the prior written consent of the other party, it (and the members of its Tax Group) shall not take any action inconsistent with, or fail to
take any action required by, the Transaction Agreements and the Merger Agreement. For all Post-Distribution Taxable Periods, each party to this Agreement agrees to, and to cause each of the relevant members of its Tax Group to, in the absence of a
controlling change in law or circumstances, report on all Tax Returns the tax consequences of the transactions undertaken pursuant to the Transaction Agreements and the Merger Agreement in accordance with the positions taken with respect to such
transactions to the extent reported on Tax Returns filed with respect to all Pre-Distribution Taxable Periods and Straddle Periods in respect of such transactions. 
  
 Section 5.02 Cooperation and Exchange of Information. Each party hereto agrees to provide, and to cause each
member of its Tax Group to provide, such cooperation and information as such other party shall reasonably request, on a timely basis, in connection with the preparation or filing of any Tax Return or claim for Tax refund not inconsistent with this
Agreement or in conducting any Tax audit, Tax dispute, or otherwise in respect of Taxes or to carry out the provisions of this Agreement (including any cooperation required to carry out the intentions of the parties as set forth in the preamble),
provided, however, that neither party shall be obligated to provide the other party Tax Returns, documentation or other information of a proprietary or confidential nature for purposes of verifying any calculation, and provided further, that in any
such case where one party does not provide the other party with Tax Returns, documentation or information because it is proprietary or confidential, both parties shall cooperate in developing mutually acceptable procedures including retaining a
mutually agreeable accounting firm to review such Tax Returns, documentation or information for purposes of verifying such calculation. To the extent necessary to carry out the purposes of this Agreement and subject to the other provisions of this
Agreement, such cooperation and information shall include without limitation the non-exclusive designation of an officer of Fortune as an officer of ACCO and each of its affiliates for the purpose of signing Tax Returns, cashing refund checks,
pursuing refund claims, dealing with Tax Authorities 
  

 24 

 and defending audits as well as promptly forwarding copies of appropriate notices and forms or other communications
received from or sent to any Tax Authority which relate to the ACCO Tax Group for the Tax Indemnification Period and providing copies of all relevant Tax Returns for the Tax Indemnification Period, together with accompanying schedules and related
workpapers, documents relating to rulings or other determinations by Tax Authorities, including without limitation, foreign Tax Authorities, and records concerning the ownership and Tax basis of property, which either party may possess. Subject to
the rights of the ACCO Tax Group under the other provisions of this Agreement, such officer shall have the authority to execute powers of attorney (including Form 2848) on behalf of each member of the ACCO Tax Group with respect to Tax Returns for
the Tax Indemnification Period. Each party to this Agreement shall make, or shall cause its affiliates to make, its employees and facilities available on a mutually convenient basis to provide an explanation of any documents or information provided
hereunder. 
  
 Section 5.03 Tax Records. 

 
 (a) Fortune and ACCO agree to (and to cause each member of their
respective Tax Group to) (i) retain all Tax Returns, related schedules and workpapers, and all material records and other documents as required under Section 6001 of the Code and the regulations promulgated thereunder relating thereto existing on
the date hereof or created through the Distribution Date, for a period of at least ten years following the Distribution Date and (ii) allow the party to this Agreement, at times and dates reasonably acceptable to the retaining party, to inspect,
review and make copies of such records, as Fortune and ACCO may reasonably deem necessary or appropriate from time to time. In addition, after the expiration of such ten-year period, such Tax Returns, related schedules and workpapers, and material
records shall not be destroyed or otherwise disposed of at any time, unless, prior to such destruction or disposal, (A) the party proposing to destroy or otherwise dispose of such records shall provide no less than 30 days’ prior written notice
to the other party, specifying in reasonable detail the records proposed to be destroyed or disposed of and (B) if a recipient of such notice shall request in writing prior to the scheduled date for such destruction or disposal that any of the
records proposed to be destroyed or disposed of be delivered to such requesting party, the party proposing the destruction or disposal shall promptly arrange for the delivery of such requested records at the expense of the party requesting such
records. 
  
 (b) Notwithstanding anything in this Agreement to the
contrary, if any party fails to comply with the requirements of Section 5.03(a) hereof, the party failing so to comply shall be liable for, and shall hold the other party, harmless from, any Taxes (including without limitation, penalties for failure
to comply with the record retention requirements of the Code) and other costs resulting from such party’s failure to comply. 
  

 25 

 ARTICLE VI 
  
 MISCELLANEOUS 
  
 Section 6.01 Entire Agreement; Construction. This Agreement, the Distribution Agreement, all other Ancillary Agreements and the Merger
Agreement, including any annexes, schedules and exhibits hereto or thereto, and other agreements and documents referred to herein and therein, will together constitute the entire agreement between the parties with respect to the subject matter
hereof and thereof and will supersede all prior negotiations, agreements and understandings of the parties of any nature, whether oral or written, with respect to such subject matter. Notwithstanding any other provisions in this Agreement to the
contrary, in the event and to the extent that there is a conflict relating to Taxes between the provisions of this Agreement and the provisions of the Distribution Agreement, any other Ancillary Agreement or the Merger Agreement, the provisions of
this Agreement will control. 
  
 Section 6.02
Effectiveness. All covenants and agreements of the parties contained in this Agreement shall be subject to and conditioned upon the Distribution becoming effective. 
  
 Section 6.03 Survival of Agreements. Except as otherwise contemplated by this Agreement, all covenants and
agreements of the parties contained in this Agreement will remain in full force and effect and survive the Time of Distribution. 
  
 Section 6.04 Governing Law. This Agreement will be governed by and construed in accordance with the internal laws of the State of Delaware
applicable to contracts made and to be performed entirely within such State, without regard to the conflicts of law principles of such State. 
  
 Section 6.05 Notices. All notices and other communications hereunder shall be in writing and shall be deemed duly given (i) on the date of
delivery if delivered personally, (ii) upon confirmation of receipt if delivered by telecopy or telefacsimile, (iii) on the first Business Day following the date of dispatch if delivered by a recognized next-day courier service or (iv) on the fifth
Business Day following the date of mailing if delivered by registered or certified mail, return receipt requested, postage prepaid. All notices hereunder shall be delivered as set forth 
  

 26 

 below, or pursuant to such other instructions as may be designated in writing by the party to receive such notice:

  

	 	(a)	If to Fortune to 

  
 Fortune Brands, Inc. 
 300 Tower Parkway

 Lincolnshire, Illinois 60069 
 Fax: (847) 484-4490 
 Attention:   Mark A. Roche, Esq. 
  
 with a copy to 
  
 Chadbourne & Parke LLP 
 30 Rockefeller
Plaza 
 New York, New York 10112 
 Fax: (212) 541-5369 
 Attention:   Edward P. Smith, Esq. 
             A. Robert Colby, Esq. 
  

	 	(b)	If to ACCO to 

  
 ACCO World Corporation 
 300 Tower
Parkway 
 Lincolnshire, Illinois 60069 
 Fax: (847) 484-4495 
 Attention:   Elizabeth Boos 
             Steven Rubin, Esq. 
  
 Section 6.06 Consent to Jurisdiction. Each of Fortune and ACCO
irrevocably agrees that any legal action or proceeding with respect to this Agreement, the transactions contemplated hereby, any provision hereof, the breach, performance, validity or invalidity hereof or for recognition and enforcement of any
judgment in respect hereof brought by another party hereto or its successors or permitted assigns may be brought and determined in any federal or state court located in the State of Delaware, and each of Fortune and ACCO hereby irrevocably submits
with regard to any such action or proceeding for itself and in respect to its property, generally and unconditionally, to the exclusive jurisdiction of the aforesaid courts. Each of Fortune and ACCO hereby irrevocably waives, and agrees not to
assert, by way of motion, as a defense, counterclaim or otherwise, in any action or proceeding with respect to this Agreement, the transactions contemplated hereby, any provision hereof or the breach, performance, enforcement, validity or invalidity
hereof, (a) any claim that it is not 
  

 27 

 personally subject to the jurisdiction of the above-named courts for any reason other than the failure to lawfully serve
process, (b) that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of
judgment, execution of judgment or otherwise) and (c) to the fullest extent permitted by Applicable Laws, that (i) the suit, action or proceeding in any such court is brought in an inconvenient forum, (ii) the venue of such suit, action or
proceeding is improper and (iii) this Agreement, or the subject matter hereof, may not be enforced in or by such courts. 
  
 Section 6.07 Amendments. This Agreement cannot be amended, modified or supplemented except by a written agreement executed by Fortune and
ACCO. 
  
 Section 6.08 Assignment. Neither party to
this Agreement will convey, assign or otherwise transfer any of its rights or obligations under this Agreement, in whole or in part, without the prior written consent of the other party in its sole and absolute discretion. Any conveyance, assignment
or transfer requiring the prior written consent of the other party pursuant to this Section 6.08 which is made without such consent will be void ab initio. No assignment of this Agreement will relieve the assigning party of its
obligations hereunder. 
  
 Section 6.09 Captions;
Currency. The article, section and paragraph captions herein and the table of contents hereto are for convenience of reference only, do not constitute part of this Agreement and will not be deemed to limit or otherwise affect any of the
provisions hereof. Unless otherwise specified, all references herein to numbered articles or sections are to articles and sections of this Agreement and all references herein to schedules are to schedules to this Agreement. Unless otherwise
specified, all references contained in this Agreement, in any schedule referred to herein or in any instrument or document delivered pursuant hereto to dollars or “$” shall mean U.S. dollars. 
  
 Section 6.10 Severability. If any provision of this Agreement
or the application thereof to any Person or circumstance is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to Persons or circumstances other
than those as to which it has been held invalid or unenforceable, will remain in full force and effect and will in no way be affected, impaired or invalidated thereby. If the economic or legal substance of the transactions contemplated hereby is
affected in any manner adverse to any party as a result thereof, the parties will negotiate in good faith in an effort to agree upon a suitable and equitable substitute provision to effect the original intent of the parties. 
  

 28 

 Section 6.11 Parties in Interest. Except for the provisions of Article III relating to Tax
Indemnification, this Agreement is solely for the benefit of the parties hereto and the respective members of their Tax Group, and their respective successors and permitted assigns and should not be deemed to confer upon third parties (including any
employee of Fortune or ACCO or of any Fortune or ACCO subsidiary) any remedy, claim, reimbursement, claim of action or other right in excess of those existing without reference to this Agreement. 
  
 Section 6.12 Schedules. All schedules attached hereto are
hereby incorporated in and made a part of this Agreement as if set forth in full herein. Capitalized terms used in the schedules hereto but not otherwise defined therein will have the respective meanings assigned to such terms in this
Agreement. 
  
 Section 6.13 Waivers;
Remedies. Any agreement on the part of a party hereto to any waiver of any provision of this Agreement shall be valid only if set forth in a written instrument signed on behalf of such party. No failure or delay by any party hereto in
exercising any right, power or privilege hereunder will operate as a waiver thereof, nor will any waiver on the part of any party hereto of any right, power or privilege hereunder operate as a waiver of any other right, power or privilege hereunder,
nor will any single or partial exercise of any right, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder. The rights and remedies herein provided are
cumulative and are not exclusive of any rights or remedies which the parties may otherwise have at law or in equity. 
  
 Section 6.14 Counterparts. This Agreement may be executed in separate counterparts, each such counterpart being deemed to be an original
instrument, and all such counterparts will together constitute the same agreement. 
  
 Section 6.15 Performance. Each party hereto will cause to be performed, and hereby guarantees the performance of all actions, agreements and obligations set forth herein to be performed by any subsidiary
or any member of such party’s Tax Group. 
  
 Section 6.16
Interpretation. Any reference to any Federal, state, local, or foreign Law shall be deemed also to refer to all rules and regulations promulgated thereunder, unless the context requires otherwise. For the purposes of this Agreement, (i)
words in the singular shall be held to include the plural and vice versa and words of one gender shall be held to include the other gender as the context requires, (ii) the terms “hereof “, “herein”, and
“herewith” and words of similar import shall, unless otherwise stated, be construed to refer to this Agreement as a whole and not to any particular provision of this Agreement and (iii) the word “including” and words of similar
import when used in this Agreement shall mean “including, without limitation”. 
  

 29 

 IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly authorized officers
of the parties as of the date first hereinabove written. 
  

			
	FORTUNE BRANDS, INC.
		
	By:	 	 /s/    Mark A. Roche

	Name:	 	 Mark A. Roche

	Title:	 	 Senior Vice President, General Counsel and Secretary

	
	ACCO WORLD CORPORATION
		
	By:	 	 /s/    Neal V. Fenwick

	Name:	 	 Neal V. Fenwick

	Title:	 	 Executive Vice President—Finance and Administration

  

 30Tax Allocation Agreement-General Binding Corp. and Lane Industries, Inc.

 Exhibit 10.2 
  

  
 TAX ALLOCATION AGREEMENT 
  
 by and among 
  
 LANE INDUSTRIES, INC., 
  
 GENERAL BINDING CORPORATION, 
  
 and 
  
 ACCO WORLD CORPORATION 
  

  
 August 16, 2005 
  
  

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page

	 ARTICLE I
	 	DEFINITIONS	  	2
	 	 	 Section 1.01
	 	General	  	2
	 	 	 Section 1.02
	 	Schedules, etc	  	8
			
	 ARTICLE II
	 	TERMINATION OF RIGHTS AND OBLIGATIONS UNDER THE PRIOR TAX ALLOCATION AGREEMENTS	  	8
	 	 	 Section 2.01
	 	Termination of Rights and Obligations Under the Prior Tax Allocation Agreements	  	8
			
	 ARTICLE III
	 	FILING OF TAX RETURNS; REMITTANCE OF TAXES; REFUNDS	  	8
	 	 	 Section 3.01
	 	Preparation of Tax Returns	  	8
	 	 	 Section 3.02
	 	Remittance of Taxes	  	10
	 	 	 Section 3.03
	 	Tax Refunds and Carrybacks	  	11
	 	 	 Section 3.04
	 	Allocation of Taxes	  	13
			
	 ARTICLE IV
	 	TAX INDEMNIFICATION; TAX CONTESTS	  	14
	 	 	 Section 4.01
	 	Indemnification	  	14
	 	 	 Section 4.02
	 	Notice of Indemnity	  	15
	 	 	 Section 4.03
	 	Payments	  	15
	 	 	 Section 4.04
	 	Tax Contests	  	16
	 	 	 Section 4.05
	 	Change in Law	  	17
	 	 	 Section 4.06
	 	Interest Charge for Late Payments	  	17
			
	 ARTICLE V
	 	LOSSES; AMT CREDITS	  	17
	 	 	 Section 5.01
	 	Net Operating Losses – Pre-2005	  	17
	 	 	 Section 5.02
	 	2005 Tax Savings; Net Operating Losses – 2005	  	18
	 	 	 Section 5.03
	 	AMT Credit Carryforwards	  	18
	 	 	 Section 5.04
	 	Recomputed Payments	  	19
	 	 	 Section 5.05
	 	Verification	  	19
			
	 ARTICLE VI
	 	COOPERATION AND EXCHANGE OF INFORMATION	  	19
	 	 	 Section 6.01
	 	Inconsistent Actions	  	19
	 	 	 Section 6.02
	 	Cooperation and Exchange of Information	  	19
	 	 	 Section 6.03
	 	Tax Records.	  	20
			
	 ARTICLE VII
	 	MISCELLANEOUS	  	21
	 	 	 Section 7.01
	 	Entire Agreement; Construction	  	21
	 	 	 Section 7.02
	 	Effectiveness	  	21
	 	 	 Section 7.03
	 	Survival of Agreements	  	21
	 	 	 Section 7.04
	 	ACCO	  	22

  
  

							
	 	 	 Section 7.05
	  	Governing Law	  	22
	 	 	 Section 7.06
	  	Notices.	  	22
	 	 	 Section 7.07
	  	Consent to Jurisdiction	  	23
	 	 	 Section 7.08
	  	Amendments	  	24
	 	 	 Section 7.09
	  	Assignment	  	24
	 	 	 Section 7.10
	  	Captions; Currency	  	24
	 	 	 Section 7.11
	  	Severability	  	24
	 	 	 Section 7.12
	  	Parties in Interest	  	25
	 	 	 Section 7.13
	  	Schedules	  	25
	 	 	 Section 7.14
	  	Waivers; Remedies	  	25
	 	 	 Section 7.15
	  	Counterparts	  	25
	 	 	 Section 7.16
	  	Performance	  	25
	 	 	 Section 7.17
	  	Interpretation	  	25

  
 EXHIBIT A – Prior Tax Allocation
Agreements Side Agreement 
  
  

 ii 

 TAX ALLOCATION AGREEMENT 
  
 TAX ALLOCATION AGREEMENT (this “Agreement”) dated as of August 16, 2005, by and between LANE INDUSTRIES,
INC., a Delaware corporation (“Lane”), GENERAL BINDING CORPORATION, a Delaware corporation and a majority owned subsidiary of Lane (“GBC”), and, solely for purposes of Sections 7.04 and 7.05, ACCO WORLD CORPORATION,
a Delaware corporation (“ACCO”). 
  
 WHEREAS, the
Boards of Directors of FORTUNE BRANDS, INC., a Delaware corporation (“Fortune”), ACCO, a wholly-owned subsidiary of Fortune, GBC and GEMINI ACQUISITION SUB, INC. a Delaware corporation and a wholly-owned subsidiary of ACCO
(“Acquisition Sub”), have approved an agreement and plan of merger (the “Merger Agreement”) pursuant to which ACCO, Acquisition Sub and GBC will enter into a merger transaction in order to advance the long-term
strategic business interests of Freedom, ACCO, GBC and Acquisition Sub; 
  
 WHEREAS, the Boards of Directors of Freedom, ACCO, GBC and Acquisition Sub have determined to consummate such merger transaction by means of a business combination transaction in which Acquisition Sub will merge with and into GBC (the
“Merger”), with GBC being the surviving corporation; 
  
 WHEREAS, the parties to this Agreement intend that the Merger qualify under Section 368 of the Code (as defined herein) as a reorganization and that the Merger Agreement shall constitute a “plan of reorganization” for purposes of
Sections 354, 368 and 361 of the Code; 
  
 WHEREAS, (i) Lane, GBC
and others entered into that certain Tax Allocation Agreement dated June 1, 1978, as amended, relating to U.S. federal income taxes (the “1978 Agreement”), (ii) Lane and GBC entered into that certain agreement dated January 1, 1991
(amending the 1978 agreement to provide for the allocation of foreign tax credits) (the “1991 Agreement”) and that certain letter agreement dated May 8, 2003 (providing for the allocation of the consolidated alternative minimum tax
for the tax year ended December 31, 1997) (the “CAMT Agreement”), and (iii) Lane, GBC and others entered into that certain State Tax Allocation Agreement dated May 31, 1985 (the “State Agreement” and, together with
the 1978 Agreement, the 1991 Agreement and the CAMT Agreement, the “Prior Tax Allocation Agreements”), and; 
  
 WHEREAS, effective as of the Merger Date (as defined herein), Lane, GBC and the other parties thereto wish to terminate their rights and obligations under
the Prior Tax Allocation Agreements, and Lane and GBC wish to enter into a new agreement to provide for and agree upon the allocation between the Lane Entities (as defined herein) and the GBC Entities (as defined herein) of all responsibilities,
liabilities and benefits relating to or affecting Taxes (as defined herein) paid or payable by either of them for all taxable periods, whether beginning before, on or after the Merger Date. 

 NOW, THEREFORE, in consideration of the premises and of the respective agreements contained in this
Agreement, the parties hereto hereby agree as follows: 
  
 ARTICLE I 
  
 DEFINITIONS 
  
 Section 1.01 General. As used in this Agreement, the following
terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined). Any capitalized term not otherwise defined in this Agreement shall have the meaning ascribed to it in the
Merger Agreement. 
  
 “1999 Audit” shall have the
meaning set forth in Section 4.01(a). 
  
 “2005 Combined
Group Hypothetical Tax Liability” shall mean, the Combined Group Tax Liability for the 2005 taxable year; provided, however, that (i) in no event shall any NOL carryover items from any prior taxable year be taken into account
in computing 2005 Combined Group Hypothetical Tax Liability (it being understood that, for the avoidance of doubt, any net capital losses that may be carried forward to 2005 shall be taken into account and treated as if realized in 2005), and (ii)
any item of loss, deduction or credit shall be taken into account only to the extent that such item is taken into account in computing Combined Group Tax Liability for the 2005 taxable year. 
  
 “2005 Subgroup Hypothetical Taxable Income” (and
“2005 Subgroup Hypothetical Taxable Loss”) shall mean, with respect to a Subgroup, and with respect to its taxable year ending on the Merger Date (in the case of the GBC Subgroup) or with respect to its 2005 taxable year (in the
case of the Lane Subgroup), the U.S. federal taxable income (or loss) determined for such Subgroup in computing the 2005 Subgroup Hypothetical Tax Liability for such Subgroup for such taxable year. 
  
 “2005 Subgroup Hypothetical Tax Liability” shall mean with
respect to a Subgroup, and with respect to its taxable year ending on the Merger Date (in the case of the GBC Subgroup) or with respect to its 2005 taxable year (in the case of the Lane Subgroup), the Tax liability of a Subgroup computed as if the
members of such Subgroup filed a consolidated, combined or unitary Tax Return for such year without regard to items of income, gain, loss, deduction or credit of the members of the other Subgroup for such year; provided, however, that
NOL carryover items (including Pre-2005 Subgroup NOLs) shall not be taken into account (it being understood that, for the avoidance of doubt, any net capital losses that may be carried forward to 2005 shall be taken into account and treated as if
realized in 2005). In making such computation, for a taxable year, (i) the modifications set forth in Treas. Reg. § 1.1552-1(a)(2)(ii) shall be reflected as between the Subgroups, (ii) any item of loss, deduction or credit shall be taken into
account only to the extent that such item is taken into account in computing Combined Group Tax Liability for the 2005 taxable year, (iii) carryback items shall not be taken into account, and (iv) any elections which would be available to the
Subgroup for such year, 
  

 2 

 including elections as to whether to claim an item as a deduction or credit, or as a carryback, shall be made on a basis
consistent with any elections actually made by the Combined Group for such year; provided, however, that if no election has been made or is available to the Combined Group in respect of such item, the Subgroup to which such item is
available shall make its election with respect to such item in writing and shall give notice of such election to the parent member of the other Subgroup. Any such hypothetical election shall be effective to the same extent as if made in an actual
return by such Subgroup. 
  
 “2005 Tax Savings”
shall have the meaning given to such term in Section 5.02(b). 
  
 “ACCO” shall have the meaning ascribed thereto in the preamble. 
  
 “Actually Realized” shall mean, for purposes of determining the timing of any Taxes (or related Tax cost or benefit) relating to any payment, transaction, occurrence or event, the time at which the
amount of Taxes (including estimated Taxes) payable by any person is increased above or reduced below, as the case may be, the amount of Taxes that such person would be required to pay but for the payment, transaction, occurrence or event.

  
 “Adjustment Event” shall mean, with respect
to a member of a Subgroup, (i) the initial filing by a Combined Group of a 2004 U.S. federal income Tax Return including Tax information of such member, (ii) an adjustment to any item of income, gain, loss or deduction with respect to such member as
initially reported for U.S. federal income Tax purposes, and (iii) the filing of an amendment to any filed U.S. federal income Tax Return of a Combined Group made to reflect any changed Tax information relating to such member. 
  
 “Code” shall mean the Internal Revenue Code of 1986, as
amended, or any successor legislation. 
  
 “Combined
Group” shall mean a group of corporations that files Tax Returns on a consolidated, combined or unitary basis and that includes one or more Lane Entities and one or more GBC Entities. Unless otherwise specified, references to
“the” Combined Group shall mean the Combined Group that files consolidated U.S. federal income Tax Returns. 
  
 “Combined Group Tax Liability” shall mean, with respect to any taxable year, (i) the consolidated U.S. federal income Tax liability
determined under Treas. Reg. § 1.1502-2 and Chapter 6 of Subtitle A of the Code for the Combined Group and (ii) the consolidated, combined or unitary Tax liability for a Combined Group determined under the laws of the jurisdiction for which a
consolidated, combined or unitary state Tax Return is filed, including in each case any recomputations of such liability as may be required on account of items which may be carried back or over to the taxable year and adjustments to items reported
or reportable in such taxable year; provided that in no event shall any carryback items be taken into account in computing Combined Group Tax Liability. 
  
 “Entity” shall mean either a GBC Entity or an Lane Entity, as the case may be. 
  

 3 

 “Expenses” shall mean any and all expenses incurred in connection with investigating,
defending or asserting any claim, action, suit or proceeding incident to any matter indemnified against hereunder (including court filing fees, court costs, arbitration fees or costs, witness fees, and reasonable fees and disbursements of legal
counsel, investigators, expert witnesses, consultants, accountants and other professionals). 
  
 “GBC” shall have the meaning ascribed thereto in the preamble. 
  
 “GBC Subgroup” shall mean the group of corporations consisting of all GBC Entities that are members of a Combined Group. 
  
 “GBC Entity” shall mean GBC and any corporation or other
Person which GBC directly or indirectly (a) owns 50% or more (by value) of the equity interests at any time on or following the Merger Date or (b) owned 50% or more (by value) of the equity interests at any time prior to the Merger Date but did not
own 50% or more (by value) of the equity interests at the time of the Merger, but only if such entity was disposed of by GBC to a Person other than a Lane Entity. 
  
 “Impaired Subgroup” shall have the meaning set forth in Section 5.01(a). 
  
 “Indemnifying Subgroup” shall have the meaning set forth in
Section 5.01(a). 
  
 “Indemnitee” shall have the
meaning set forth in Section 4.02. 
  
 “Indemnitor” shall have the meaning set forth in Section 4.02. 
  
 “Indemnity Issue” shall have the meaning set forth in Section 4.02. 
  
 “IRS” shall mean the Internal Revenue Service. 
  

“Lane” shall have the meaning ascribed thereto in the preamble. 
  
 “Lane Subgroup” shall mean the group of corporations consisting of all Lane Entities that are members of a
Combined Group. 
  
 “Lane Entity” shall mean Lane
and any corporation or other Person which Lane directly or indirectly owned or owns 50% or more (by value) of the equity interests at any time prior to, on or following the Merger Date, in all cases other than (i) a GBC Entity and (ii) for the
avoidance of doubt, ACCO and any corporation or other Person which ACCO directly or indirectly owned or owns at any time prior to, on or following the Merger Date.  
  
 “Losses” shall mean any and all losses, costs, obligations, liabilities, settlement payments, awards,
judgments, fines, penalties, damages, expenses, deficiencies or other charges. 
  
 “Measurement Date” shall mean, with respect to a U.S. federal income taxable year of a Combined Group, (i) the date thirty (30) days following the filing of a U.S. federal 
  

 4 

 income Tax Return by such Combined Group for such taxable year, (ii) the date thirty (30) days following the earlier of
(A) the date there is a “determination” (within the meaning of Section 1313(a) of the Code) with respect to all potential issues relating to the Combined Group’s U.S. federal income Tax Return for such taxable year or (B) the end of
the statutory period for assessment, taking into account any extensions thereof, with respect to all potential issues relating to the Combined Group’s U.S. federal income Tax Return for such taxable year, (iii) the date thirty (30) days
following any other event that the parties reasonably agree has the effect of terminating the IRS’s right to adjust any item of income, gain, loss or deduction as reported on the Combined Group’s U.S. federal income Tax Return for such
taxable year, (iv) the date thirty (30) days following the filing of any Tax Return carrying back an NOL, net capital loss, or other item of deduction, loss, expense or credit to such taxable year, (v) the date thirty (30) days following a date
described in clause (ii) or (iii) with respect to a Tax Return described in clause (iv), and (vi) if, as a result of an audit, examination or similar proceeding with respect to a U.S. federal income Tax Return of a Combined Group for a taxable year,
there is an adjustment to NOLs that affects the payment of Taxes in a subsequent taxable year, the date thirty (30) days following such payment of Taxes (other than estimated Taxes) to a Tax Authority by any member of a Subgroup (and any corporation
included with such member in a consolidated U.S. federal income Tax Return or a consolidated, combined or unitary state Tax Return). 
  
 “Merger” shall have the meaning ascribed thereto in the preamble. 
  
 “Merger Agreement” shall have the meaning ascribed thereto in the preamble. 
  
 “Merger Date” shall mean the date on which the Merger occurs
(or, if different, the date on which the Merger is deemed to occur for U.S. federal income Tax purposes). For purposes of this Agreement, the Merger shall be deemed effective as of the end of the day on the Merger Date. 
  
 “NOL” shall mean a “net operating loss,” as
defined in Section 172 of the Code, as computed for U.S. federal income Tax purposes. 
  
 “Person” shall mean any individual, partnership, joint venture, corporation, limited liability entity, trust, unincorporated organization or other entity (including a governmental entity). 

 
 “Post-Merger Taxable Period” shall mean (i) in the case
of a member of the GBC Subgroup, a taxable period beginning after the Merger Date and that portion of any Straddle Period that begins on the date after the Merger Date and (ii) in the case of a member of the Lane Subgroup, a taxable period beginning
after December 31, 2005. 
  
 “Pre-2005 Subgroup NOL
Overage” shall mean, with respect to a Subgroup and the Measurement Date occurring in connection with filing the Combined Group’s 2004 U.S. federal income Tax Return, the amount (if any) by which such Subgroup’s Pre-2005 Subgroup
NOLs exceed such Subgroup’s Pre-2005 Subgroup Assumed NOLs; provided, however, that a Pre-2005 Subgroup NOL Overage shall be deemed to exist with respect to a Subgroup only to 
  

 5 

 the extent the amount of such excess is greater than 10% of the Pre-2005 Subgroup Assumed NOLs of such Subgroup at the
time of such Measurement Date, and only to the extent that such excess is caused by an Adjustment Event occurring with respect to any member of the other Subgroup. 
  
 “Pre-2005 Subgroup NOLs” shall mean, with respect to a Subgroup and a Measurement Date, the aggregate
amounts of the consolidated NOLs of the Combined Group that, under the Code and applicable Treasury Regulations, are actually attributable to members of that Subgroup and that, assuming the Merger had occurred on December 31, 2004, could be carried
over to such Subgroup’s 2005 taxable year, determined after taking into account all Adjustment Events occurring on or prior to such Measurement Date. 
  
 “Pre-2005 Subgroup Assumed NOLs” shall mean, with respect to a Subgroup, (i) at and prior to the Measurement Date occurring in connection
with the initial filing of the Combined Group’s 2004 U.S. federal income Tax Return, $20.2 million with respect to the GBC Subgroup and $11.6 million with respect to the Lane Subgroup and (ii) after such Measurement Date, the lesser of (x) the
amount described in clause (i) of this definition or (y) the Pre-2005 Subgroup NOLs with respect to such Subgroup determined based on the information reported on such Tax Return. 
  
 “Pre-Merger Taxable Period” shall mean (i) in the case of a member of the GBC Subgroup, a taxable period
ending on or before the Merger Date and that portion of any Straddle Period that ends on and includes the Merger Date, and (ii) in the case of a member of the Lane Subgroup, a taxable period ending on or before December 31, 2005. 
  
 “Prior Tax Allocation Agreements” shall have the meaning
ascribed thereto in the preamble. 
  
 “Prior Tax
Allocation Agreements Side Agreement” shall mean the agreement between the parties to certain of the Prior Tax Allocation Agreements that is attached as Exhibit A hereto. 
  
 “Representative” shall mean, with respect to any Person, any of such Person’s directors, officers,
employees, agents, consultants, advisors, accountants, attorneys and representatives. 
  
 “Responsible Party” have the meaning set forth in Section 4.04(a). 
  
 “Straddle Period” shall mean a taxable period of a member of a GBC Subgroup that includes but does not end on the Merger Date.

  
 “Subgroup” shall mean the Lane Subgroup or
the GBC Subgroup, as the case may be. 
  

 6 

 “Subgroup Assumed Post-Merger NOLs” shall mean, with respect to a Subgroup and a
Measurement Date occurring with respect to 2005: 
  
 (i) the
Pre-2005 Subgroup NOLs of such Subgroup minus the Pre-2005 Subgroup NOL Overage of such Subgroup (if any), in each case taking into account the determinations made in connection with the most recent Measurement Date occurring with
respect to each taxable year ending prior to 2005 and without giving effect to any determination made in connection with any Measurement Date occurring with respect to 2005, 
  
 (ii) and either: 
  
 (x) plus the 2005 Subgroup Hypothetical Taxable Loss of such Subgroup (if any) to the extent it did not result in a 2005 Tax Savings
payment to such Subgroup, or 
  
 (y) minus the
2005 Subgroup Hypothetical Taxable Income of such Subgroup (if any) to the extent it did not result in a 2005 Tax Savings payment by such Subgroup. 
  
 “Subgroup Post-Merger NOLs” shall mean, with respect to a Subgroup, the aggregate amounts of the consolidated NOLs of the Combined Group
that, under the Code and applicable Treasury Regulations, are attributable to members of that Subgroup and that can be carried over to the first taxable year of such members beginning after the Merger Date. 
  
 “Tax” and “Taxes” shall mean all forms of
taxation, whenever created or imposed, and whether of the United States or elsewhere, and whether imposed by a federal, state, municipal, governmental, territorial, local, foreign or other body, and without limiting the generality of the foregoing,
shall include net income, gross income, gross receipts, sales, use, value added, ad valorem, transfer, recording, franchise, profits, license, lease, service, service use, payroll, wage, withholding, employment, unemployment insurance, workers
compensation, social security, excise, severance, stamp, business license, business organization, occupation, premium, property, environmental, windfall profits, customs, duties, alternative minimum, estimated or other taxes, fees, premiums,
assessments or charges of any kind whatever imposed or collected by any governmental entity or political subdivision thereof, together with any related interest and any penalties, additions to such tax or additional amounts imposed with respect
thereto by any Tax Authority. 
  
 “Tax Authority”
shall mean, with respect to any Tax, any governmental entity, quasi-governmental body or political subdivision thereof that imposes such Tax and the agency (if any) charged with the determination or collection of such Tax for such entity, body or
subdivision. 
  
 “Tax Return” shall mean any
return, filing, questionnaire, information return, election or other document required or permitted to be filed, including requests for extensions of time, filings made with respect to estimated tax payments, claims for refund and amended returns
that may be filed, for any period with any Tax Authority (whether domestic or foreign) in connection with any Tax (whether or not a payment is required to be made with respect to such filing). 
  

 7 

 “Transfer Tax” shall mean any sales Tax, use Tax, real property transfer or gains Tax,
asset transfer documentary stamp Tax or similar Tax. 
  
 “Treasury Regulations” and “Treas. Reg.” shall mean the regulations promulgated by the U.S. Treasury Department pursuant to the Code. 
  
 Section 1.02 Schedules, etc. References to a “Schedule” are, unless otherwise specified, to a
Schedule attached to this Agreement; references to “Section” or “Article” are, unless otherwise specified, to one of the Sections or Articles of this Agreement; references to “sub-section” are,
unless the context otherwise requires, references to the section in which the reference appears; and references to this Agreement include the Schedules. 
  
 ARTICLE II 
  
 TERMINATION OF RIGHTS AND OBLIGATIONS UNDER THE PRIOR TAX 
 ALLOCATION
AGREEMENTS 
  
 Section 2.01 Termination of Rights and
Obligations Under the Prior Tax Allocation Agreements. Lane and GBC agree, and each of the other parties to the Prior Tax Allocation Agreements agrees by means of the Prior Tax Allocation Agreements Side Agreement attached as Exhibit A
hereto, that from and after the Merger Date, the rights and obligations of the parties under the Prior Tax Allocation Agreements shall be terminated and shall have no further force or effect. 
  
 ARTICLE III 
  
 FILING OF TAX RETURNS; REMITTANCE OF TAXES; REFUNDS 
  
 Section 3.01 Preparation of Tax Returns. 
  
 (a) Lane. Lane shall prepare and file or cause to be prepared
and filed all Tax Returns (including amendments thereto) which are required to be filed in respect of (A) a Combined Group (other than 2004 state Tax Returns required to be filed in respect of a Combined Group) and (B) any Lane Entity (other than as
a member of a Combined Group) for any taxable period. 
  
 (b)
GBC. GBC shall prepare and file or cause to be prepared and filed (A) all 2004 state Tax Returns (including amendments thereto) which are required to be filed in respect of a Combined Group and (B) all Tax Returns (including amendments
thereto) which are required to be filed in respect of any GBC Entity (other than as a member of a Combined Group) for any taxable period. 
  

 8 

 (c) Consistent with Past Practice. Unless Lane and GBC otherwise agree in writing, all Tax
Returns (including amendments thereto) described in this Section 3.01 filed after the date of this Agreement for Pre-Merger Taxable Periods or Straddle Periods, in the absence of a controlling change in law or circumstances, shall be prepared on a
basis consistent with the elections, accounting methods, conventions and principles of taxation used for the most recent taxable periods for which Tax Returns involving similar matters have been filed. Notwithstanding the foregoing, the parties
agree that GBC will elect to credit any foreign Taxes paid by any GBC Entity on any Combined Return filed after the date hereof; provided, however, that GBC may elect to expense foreign Taxes paid by any GBC Entity on a Combined Return
filed after the date hereof if (i) GBC provides written notice to Lane of its intention to make such an election and (ii) Lane consents to such an election, which consent shall not be unreasonably withheld or delayed. 
  
 (d) Access to Information and Personnel. 
  
 (i) General. The Lane Subgroup and the GBC Subgroup will be
included in the consolidated U.S. federal income Tax Returns of the Combined Group of which Lane is the common parent for the calendar years 2004 and 2005. In the case of such 2005 Tax Return, however, the GBC Subgroup will be included only for the
portion of such year ending on the Merger Date. To the extent it is permitted to do so, with respect to state income Tax Returns: (i) GBC and other GBC Entities that otherwise would be included in a Combined Group for state income Tax purposes for
all or a portion of 2005 will begin filing state income Tax Returns on a separate basis (i.e., not part of a Combined Group) as of January 1, 2005 and (ii) to the extent that any GBC Entity it is not permitted to do the foregoing, such GBC Entity
will cause its taxable year beginning on January 1, 2005 to end on the Merger Date and will begin filing state income Tax Returns on a separate basis (or as part of a group other than a Combined Group) as of the day following the Merger Date.

  
 (ii) Access to Software and Personnel. To the
extent practicable, Lane and GBC shall make available to the other party software previously used in the preparation of prior Combined Group Tax Returns, or if such software is not available or is impracticable to use, software reasonably acceptable
to the parties for such purpose. Any such software shall be provided as promptly as possible upon the request of the party responsible for filing the Tax Return in question (it being understood that no such software needs to be provided prior to the
time such software is available). Each of Lane and GBC shall make available such personnel as may be necessary to facilitate the use of such software. 
  
 (iii) Additional Information. Lane and GBC shall provide complete packages of information and such other information as GBC and Lane,
respectively, may reasonably request to enable GBC and Lane to prepare and file the Combined Group Tax Returns for which it is responsible under this Section 3.01 (to the extent information was not previously provided). Such information packages
shall be prepared in accordance with instructions and procedures furnished by the party requesting the information packages and shall be furnished as promptly as practicable after such other party receives the request, but in no event shall such
information packages be furnished later than (i) July 31, 2005, in the case of any 2004 consolidated, 
  
  

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 combined or unitary income Tax Return or (ii) 120 days following the Merger Date, in the case of any 2005 consolidated,
combined or unitary income Tax Return, in each case unless otherwise mutually agreed upon by the parties. 
  
 (iv) Review and Approval. The party responsible under this Section 3.01 for preparation of a particular Combined Group Tax Return shall make
available to the other party, for review and approval by such other party, a draft of the portions of such Tax Return that relate to any Entities of such other party, but in no event shall such draft be furnished later than ten business days prior
to the due date for filing such Tax Return. Promptly after completion thereof, the party responsible for preparing a Tax Return under this Section 3.01 shall furnish to the other party a copy of the pro forma separate income Tax Returns of the such
other Subgroup, or similar data, used in the preparation and filing of such Tax Return. 
  
 Section 3.02 Remittance of Taxes. 
  
 Except as otherwise provided in this Agreement: 
  
 (a) Lane. Lane shall remit or cause to be remitted, on a timely basis, all Taxes due with respect to the Tax liability for (A) a Combined Group (other than the state Tax liability for a Combined Group
for 2004) and (B) any Lane Entity (other than as a member of a Combined Group) for any taxable period; provided, however, that GBC, on behalf of the GBC Entities, hereby assumes and agrees to pay directly to or at the direction of
Lane, at times consistent with past practice, the portion of such Tax liability which relates to each GBC Entity or its business, assets or activities as determined in accordance with Section 3.04. After the date of this Agreement, Lane will provide
a written notice to GBC of the GBC Entities’ unpaid share of any consolidated, combined or unitary Tax liability described in (A), after taking into account all estimated Tax payments received by Lane from GBC. Such written notice shall include
such computations and descriptions as may be necessary to identify and support the basis for the determination of the amount requested in the notice. GBC shall pay any such amount to Lane within ten days of GBC’s receipt of such written notice;
provided, however, that GBC shall have the right to dispute the amount and/or method of determining the amount requested in the notice, and, to the extent of the amount disputed, GBC shall pay any disputed amount (as it may be revised
pursuant to the resolution of the dispute) to Lane within the later of (i) ten days of GBC’s receipt of such written notice and (ii) ten days of GBC’s receipt of such written notice as revised pursuant to the resolution of the dispute.

  
 (b) GBC. GBC shall remit or cause to be
remitted, on a timely basis, all Taxes due with respect to (A) the state Tax liability for a Combined Group for 2004 and (B) the Tax liability for any GBC Entity (other than as a member of a Combined Group); provided, however, that
Lane, on behalf of the Lane Entities, hereby assumes and agrees to pay directly to or at the direction of GBC, at times consistent with past practice, the portion of such Tax liability described in (A) which relates to each Lane Entity or its
business, assets or activities determined in accordance with section 3.04. After the date of this Agreement, GBC will provide a written notice to Lane of the Lane Entities’ unpaid share of any consolidated, combined or unitary Tax liability
described in (A) after taking into account all estimated Tax payments received by GBC 
  
  

 10 

 from Lane. Lane shall pay any such amount to GBC within ten days of Lane’s receipt of such written notice;
provided, however, that Lane shall have the right to dispute the amount and/or method of determining the amount requested in the notice, and, to the extent of the amount disputed, Lane shall pay any disputed amount (as it may be
revised pursuant to the resolution of the dispute) to GBC within the later of (i) ten days of Lane’s receipt of such written notice and (ii) ten days of Lane’s receipt of such written notice as revised pursuant to the resolution of the
dispute. 
  
 (c) Transfer Taxes. Notwithstanding any
other provision of this Agreement, all Transfer Taxes incurred in connection with the Merger shall be paid by GBC. 
  
 (d) Taxes Already Paid. To the extent any Person has made a payment of Taxes (including estimated Taxes) on or before the Merger Date, the
party liable for paying such Taxes under this Agreement shall be entitled to treat the payment as having been paid or caused to have been paid by such party, and such party shall not be required to reimburse the party which actually paid such
Taxes. 
  
 (e) Reimbursement. Any Taxes
required to be remitted by one party, to the extent such Taxes are the responsibility of the other party under Section 3.04 or Section 4.01, shall be paid to such remitting party by the party responsible for such Taxes within ten days of receipt of
written notice given by the party requesting reimbursement. 
  
 Section 3.03 Tax Refunds and Carrybacks. 
  
 (a) Non-Combined Group Taxes. 
  
 (i)
Refunds and credits. Except as otherwise provided in this Agreement, in the case of any Tax refund or credit relating to any Tax that is not computed or payable on a consolidated, combined or unitary basis by a Combined Group, Lane
shall be entitled to retain, and to receive within ten days after Actually Realized by any GBC Entity, the portion of any such Tax refund or credit to the extent related to Taxes for which the Lane is liable pursuant to Section 4.01(a), and GBC
shall be entitled to retain, and to receive within ten days after Actually Realized by any Lane Entity, the portion of any such Tax refund or credit to the extent related to Taxes for which GBC is liable pursuant to Section 4.01(b). The amount of
any refund or credit of Taxes which Lane or GBC is entitled to retain or receive pursuant to the foregoing sentence shall be reduced to take account of any excess of (A) Taxes incurred by GBC, in the case of a refund or credit to which Lane is
entitled, or by Lane, in the case of a refund or credit to which GBC is entitled, upon the receipt of such refund or credit, over (B) Taxes saved by GBC or Lane, respectively, as a result of the payment to the other party pursuant to
this Section 3.03(a) with respect to such refund or credit. 
  
 (ii) Carrybacks. Notwithstanding Section 3.03(a)(i) but otherwise except as otherwise provided in this Agreement, in the case of any carryback relating to any Tax that is not computed or payable on a consolidated, combined or
unitary basis by a Combined Group, (A) any refund or credit of such Taxes resulting from such a carryback attributable to a GBC 
  
  

 11 

 Entity arising in a Post-Merger Taxable Period to a Pre-Merger Taxable Period shall be for the account and benefit of GBC
and (B) any refund or credit of Taxes resulting from a carryback attributable to an Lane Entity arising in a Post-Merger Taxable Period to a Pre-Merger Taxable Period shall be for the account and benefit of Lane. 
  
 (iii) Refund Claims. In the case of any refund claim relating
to any Tax that is not computed or payable on a consolidated, combined or unitary basis by a Combined Group, Lane shall be permitted to file at Lane’s sole expense, and GBC shall reasonably cooperate with Lane in connection with, any claims for
refund of such Taxes to which Lane is entitled pursuant to this Section 3.03(a). Lane shall reimburse GBC for any reasonable out-of-pocket costs and expenses incurred by any GBC Entity in connection with such cooperation. GBC shall be permitted to
file at GBC’s sole expense, and Lane shall reasonably cooperate with GBC in connection with, any claims for refunds of such Taxes to which GBC is entitled pursuant to this Section 3.03(a). GBC shall reimburse Lane for any reasonable
out-of-pocket costs and expenses incurred by any Lane Entity in connection with such cooperation. 
  
 (b) Combined Group Taxes. 
  
 (i) Refunds and Credits. Except with respect to alternative minimum tax credit carryforwards (which are governed by Section 5.03) and items
governed by Section 3.03(b)(ii), in the case of a refund or credit of any Tax that is computed or payable on a consolidated, combined or unitary basis by a Combined Group, amounts owing under this Agreement (including, without limitation, under
Section 3.01, 4.01 or Article V) shall be recomputed in accordance with the terms of this Agreement and the provisions of this Agreement shall govern the determination of which party is entitled to retain such refund or credit. 
  
 (ii) Carrybacks. In the case of any Tax that is computed or
payable on a consolidated, combined or unitary basis by a Combined Group, each party shall elect and shall cause each of its Entities to elect, where permitted by law, (A) to carry forward and (B) to relinquish or forego all carryback periods with
respect to, any NOL or other net operating loss, net capital loss, charitable contribution or other item arising after the Merger Date that could, or would, in the absence of such election, be carried back to a Pre-Merger Taxable Period. If,
notwithstanding the foregoing, any item of deduction, loss or credit relating to such a Tax and attributable to a party (or any Person affiliated with such party) is carried back from a Post-Merger Taxable Period to a Combined Group taxable year,
the party whose Subgroup is the source of the carryback item shall be entitled to any and all benefits resulting from such carryback, including, without limitation, (A) any refund or credit of Taxes resulting from such carryback and (B) any increase
in NOLs or other beneficial Tax attributes available for utilization or carryforward as a result of such carryback. If a party (other than the party which is the source of the carryback item) realizes an increase described in clause (B) of the
foregoing sentence, the party realizing the increase shall pay to such other party an amount equal to the Tax benefit resulting from such increase in NOLs or other beneficial Tax attributes, and by way of example, the party obligated to make payment
as a result of realizing an increase in NOLs shall pay to the other party an amount equal to 35% of the amount of such increase. Any amount payable under this Section 3.03(b)(ii) shall be payable upon written request of the party entitled

  
  

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 to payment providing reasonable detail of the calculation of the amount payable, but in no event earlier than thirty (30)
days following the date on which the Tax Return providing for such carryback was filed. It is understood and agreed that any amount owing under this section shall be calculated by assuming that the Tax benefit resulting from such carryback will be
currently realized by the payor party and shall be payable without regard to when such Tax benefit actually would have been realized by such party. 
  
 Section 3.04 Allocation of Taxes. 
  
 (a) Straddle Periods. It is anticipated that, in the case of any GBC Entity that is a member of a Combined Group during all or a portion of
2005, (i) the relevant taxable year of such GBC Entity beginning on January 1, 2005 will end on the Merger Date, and items of income, gain, loss, deduction and credit with respect to such short taxable year shall be included in the Tax Return for
the relevant Combined Group for 2005 and (ii) items of income, gain, loss, deduction and credit with respect to the short taxable year of such GBC Entity beginning on the day after the Merger Date will not be included in any Tax Return for any
Combined Group. Accordingly, it is not anticipated that any Straddle Period will exist. If, notwithstanding such anticipated treatment, a Straddle Period exists and all or a portion of such Straddle Period is included in the Tax Return for a
Combined Group, the Taxes of any GBC Entity or its business, assets or activities for that portion of any Straddle Period ending on the Merger Date shall be computed on a “closing-of-the-books” basis as if such taxable period ended as of
the close of business on the Merger Date, and, the Taxes of any GBC Entity or its business, assets or activities for that portion of any Straddle Period beginning after the Merger Date shall be computed on a “closing-of-the-books” basis as
if such taxable period began on the day after the Merger Date. 
  
 (b) Combined Group Tax Liability; Special 2005 Rule. 
  
 (i) General. The Combined Group Tax Liability with respect to any Tax Return of a Combined Group shall be allocated among the members of the GBC Subgroup and the Lane Subgroup in a manner analogous to
that set forth in Treas. Reg. § 1.1552-1(a)(2), and GBC shall be liable for the Taxes of a Combined Group allocated to any GBC Entity, and Lane shall be liable for the Taxes of a Combined Group allocated to any Lane Entity; provided, that in
applying the foregoing with respect to any Straddle Period, (i) only the items of income, gain, loss, deduction and credit attributable (under Section 3.04(a)) to the portion of such Straddle Period that ends on the Merger Date shall be taken into
account and (ii) GBC shall be solely liable for the Taxes attributable to items of income, gain, loss, deduction and credit attributable (under Section 3.04(a)) to the portion of such Straddle Period that begins after the Merger Date. 
  
 (ii) 2005. In applying the foregoing rule for purposes of
allocating the U.S. federal Combined Group Tax Liability for 2005, Treas. Reg. § 1.1552-1(a)(2) shall be applied as if the Combined Group were comprised of only two members, namely, the GBC Subgroup and the Lane Subgroup, and as if the
respective separate return tax liability of each Subgroup for 2005 equaled (i) its 2005 Subgroup Hypothetical Tax Liability minus (ii) any payments made by such Subgroup to the other Subgroup in respect of 2005 Tax Savings and
minus (iii) the 
  
  

 13 

 reduction in Taxes attributable to the aggregate amount of consolidated pre-2005 NOLs absorbed by members of such
Subgroup in determining the U.S. federal Combined Group Tax Liability for 2005, as determined in accordance with applicable Treasury Regulations. 
  
 ARTICLE IV 
  
 TAX INDEMNIFICATION; TAX CONTESTS 
  
 Section 4.01 Indemnification. 
  
 (a) Lane Indemnification. Lane shall be liable for, and shall indemnify, defend and hold harmless GBC, each other GBC Entity, each of their respective Representatives, and each of the heirs, executors,
successors and assigns of any of the foregoing, from and against any and all Losses and Expenses arising as a result of or in connection with: 
  
 (i) all Taxes imposed on any Lane Entity (other than Taxes imposed with respect to any Combined Group); 
  
 (ii) all Taxes imposed with respect to any Combined Group, to the extent such
Taxes are allocable to an Lane Entity under Section 3.04; 
  
 (iii) the breach by Lane, or any other Lane Entity, of any representation, warranty, covenant or obligation under this Agreement; 
  
 (iv) all Taxes attributable to the proposed unagreed audit adjustments for the 1999 taxable year of the Combined Group that are the subject of that
certain “Appeal and Protest of Proposed Examination Changes” filed with the IRS on December 19, 2003 (the “1999 Audit”) (it being understood and agreed by the parties that, in determining any Taxes attributable to the 1999
Audit, Lane shall receive the full benefit of any reduction in U.S. federal alternative minimum Tax for any year arising in connection with the resolution of the 1999 Audit); and 
  
 (v) all liability for any reasonable legal, accounting, appraisal, consulting or similar fees and expenses relating to the
foregoing. 
  
 Notwithstanding the foregoing, Lane shall not indemnify, defend or
hold harmless any GBC Entity, any of their respective Representatives, nor any of the heirs, executors, successors and assigns of any of the foregoing from any liability for Transfer Taxes incurred in connection with the Merger. 
  
 (b) GBC Indemnification. GBC shall be liable for, and shall
indemnify, defend and hold harmless Lane, each other Lane Entity, each of their respective Representatives, and each of the heirs, executors, successors and assigns of any of the foregoing, from and against any and all Losses and Expenses arising as
a result of or in connection with: 
  
 (i) all Taxes imposed on
any GBC Entity (other than Taxes imposed with respect to any Combined Group); 
  
  

 14 

 (ii) all Taxes imposed with respect to any Combined Group, to the extent such Taxes are allocable to a
GBC Entity under Section 3.04; 
  
 (iii) without duplication of
any liability GBC otherwise has under this Agreement, any recapture of dual consolidated losses (within the meaning of Section 1503 of the Code and applicable Treasury Regulations), including any associated interest charge, relating to GBC or any
Person in which GBC directly or indirectly owned or owns an interest (including any actual or deemed branch or unit thereof or relating thereto) (including any Losses or reasonable Expenses arising as a result of or in connection with any closing or
other agreement entered into in connection therewith); 
  
 (iv)
the breach by GBC, or any other GBC Entity, of any representation, warranty, covenant or obligation under this Agreement; 
  
 (v) all Transfer Taxes incurred in connection with the Merger; and 
  
 (vi) all liability for any reasonable legal, accounting, appraisal, consulting or similar fees and expenses relating to the
foregoing. 
  
 For the avoidance of doubt, it is understood and agreed that GBC
shall be liable for, and shall indemnify, defend and hold harmless Lane, each other Lane Entity, each of their respective Representatives, and each of the heirs, executors, successors and assigns of any of the foregoing, from and against the
imposition of Taxes or the reduction or impairment of net operating losses or other Tax attributes (and any and all Losses and Expenses relating thereto) arising as a result of or in connection with any distributions from non-U.S. GBC Entities.

  
 Section 4.02 Notice of Indemnity. Whenever a
party hereto (hereinafter an “Indemnitee”) becomes aware of the existence of an issue raised by any Tax Authority which could reasonably be expected to result in a determination that would require a payment hereunder by the other
party (hereinafter an “Indemnity Issue”), the Indemnitee shall in good faith promptly give notice to such other party (hereinafter the “Indemnitor”) of such Indemnity Issue. The failure of the Indemnitee to give
such notice shall not relieve the Indemnitor of its obligations under this Agreement, except to the extent such Indemnitor or any of its Entities is actually prejudiced by such failure to give notice. 
  
 Section 4.03 Payments. 
  
 (a) Time for Payment. Except as otherwise provided in this
Section 4.03, any indemnity payment required to be made pursuant to this Agreement shall be paid within thirty days after the indemnified party makes written demand upon the indemnifying party, provided that, in the case of any indemnity payment
relating to Taxes required to be paid, in no event shall such payment be required to be made earlier than five business days prior to the date on which the relevant Taxes (including estimated Taxes) are required to be paid (or would be required to
be paid if no such Taxes are due) to the relevant Tax Authority. 
  
  

 15 

 (b) Deductible. Notwithstanding the foregoing, an indemnifying party shall be required to
make indemnity payments due pursuant to this Agreement only if the aggregate amount of indemnity payments due from the indemnifying party exceeds $100,000, but if the aggregate amount of all such payments exceeds that amount, then the indemnifying
party shall make a payment of the entire amount of indemnity payments due hereunder. 
  
 (c) Payments Net of Taxes and Tax Benefits. The amount of any payment under this Agreement shall be (i) reduced to take into account any net Tax benefit realized by the recipient’s Entities arising
from the incurrence or payment by any of such recipient’s Entities of any amount in respect of which such payment is made and (ii) increased to take into account any net Tax cost incurred by the recipient’s Entities as a result of the
receipt or accrual of payments hereunder (grossed-up for such increase), in each case determined by treating the recipient as recognizing all other items of income, gain, loss, deduction or credit before recognizing any item arising from the receipt
or accrual of any payment hereunder; provided, that the parties hereto acknowledge that the tax items giving rise to payments hereunder, and the payments hereunder, may affect computations of earnings and profits and stock basis and that no such
effects on earnings and profits or stock basis shall be taken into account in computing the amount of any payment due under this Agreement. 
  
 (d) Right to Offset. Any party making a payment under this Agreement shall have the right to reduce any such payment by any undisputed
amounts owed to it by the other party to this Agreement. 
  
 (e)
Characterization of Payments. It is the intention of the parties to this Agreement that payments made pursuant to this Agreement are to be treated as relating back to the time immediately prior to the Merger as an adjustment to capital
(i.e., capital contribution or distribution), and the parties shall not take any position inconsistent with such intention before any Tax Authority, except to the extent that a final determination (as defined in Section 1313 of the
Code) with respect to the recipient party causes any such payment not to be so treated. 
  
 Section 4.04 Tax Contests. 
  
 (a) General. The Indemnitor and its Representatives, at the Indemnitor’s expense, shall be entitled to participate (a) in all conferences, meetings and proceedings with any Tax Authority, the
subject matter of which is or includes an Indemnity Issue and (b) in all appearances before any court, the subject matter of which is or includes an Indemnity Issue. The party who has economic responsibility under this Agreement for the Tax issue
that is the subject of the contest (the “Responsible Party”) with respect to which there could be an increase in liability for any Tax or with respect to which a payment could be required hereunder shall have the right to decide as
between the parties hereto how such matter is to be dealt with and finally resolved with the appropriate Tax Authority and shall control all audits and similar proceedings; provided, however, that if the amount of the increase of any
adjustment would have a material 
  
  

 16 

 impact on the earnings or financial condition of the non-Responsible Party, then the non-Responsible Party must consent
to any such adjustment, which consent shall not be unreasonably withheld or delayed. The Responsible Party agrees to cooperate in the settlement of any Indemnity Issue with the other party and to take such other party’s interests into account.

  
 (b) 1999 Audit. Notwithstanding Section 4.04(a),
Lane shall have the sole right, at its expense, to conduct any and all proceedings relating to the 1999 Audit and shall have the sole right to decide as between the parties hereto how the 1999 Audit shall be dealt with and finally resolved and shall
control all proceedings with respect thereto. 
  
 Section 4.05
Change in Law. Notwithstanding the agreement with respect to reporting of Tax items and the claiming of the deductions set forth in Article 4 of this Agreement, none of the GBC Entities nor any of the Lane Entities shall have any
obligation to report any such Tax items or claim such deductions as set forth in such Article in the event that either such party determines, based on an opinion of nationally recognized tax counsel, which opinion shall be reasonably satisfactory to
the other party, that there is no substantial authority to support reporting such Tax items or claiming such deductions on a Tax Return filed by such party as a result of a change in or amendment to any law or regulation, or any change in the
official interpretation thereof, effective or occurring after the date of this Agreement, and such Entities provide prompt notice to the other Entities of any such determination. 
  
 Section 4.06 Interest Charge for Late Payments. Any amount due and owing by one party to the other party
pursuant to this Agreement that is not paid when due shall bear interest from the due date thereof until paid at a rate equal to the short-term applicable federal rate in effect on the date such payment was required to be made. 
  
 ARTICLE V 
  
 LOSSES; AMT CREDITS 
  
 Section 5.01 Net Operating Losses – Pre-2005. At the time
of each Measurement Date occurring after the Merger Date with respect to each U.S. federal income taxable year for the Combined Group ending on or before December 31, 2004, a determination shall be made for each Subgroup of the amount (if any) by
which such Subgroup’s Pre-2005 Subgroup Assumed NOLs exceed such Subgroup’s Pre-2005 Subgroup NOLs (any such excess, an “NOL Shortfall”, and the Subgroup with respect to which such NOL Shortfall exists, the
“Impaired Subgroup”). If with respect to a Measurement Date there is an NOL Shortfall, the Impaired Subgroup shall be entitled to an indemnification payment from the other Subgroup (the “Indemnifying Subgroup”), if
and to the extent that such NOL Shortfall was caused by an Adjustment Event occurring with respect to a member of the Indemnifying Subgroup; provided, however, that in the case of the Measurement Date occurring in connection with
filing the Combined Group’s 2004 U.S. federal income Tax Return, an NOL Shortfall shall be deemed to exist with respect to a Subgroup only to the extent the NOL Shortfall exceeds 10% of the Pre-2005 Subgroup Assumed NOLs of the Impaired
Subgroup at the time of such Measurement 
  
  

 17 

 Date. Indemnification pursuant to this Section 5.01 shall equal 35% of the NOL Shortfall and shall be payable upon
written request of the Impaired Subgroup to the Indemnifying Subgroup providing reasonable detail of the calculation of the NOL Shortfall, but in no event earlier than thirty (30) days following the relevant Measurement Date. It is understood and
agreed that any amount owing under this section shall be payable without regard to when the NOLs impaired actually would have been utilized. 
  
 Section 5.02 2005 Tax Savings; Net Operating Losses – 2005. 
  
 (a) General. At the time of each Measurement Date occurring in connection with the 2005 U.S. federal income
taxable year for a Combined Group, (i) the 2005 Subgroup Hypothetical Tax Liability will be calculated for the GBC Subgroup’s taxable year ending on the Merger Date and for the Lane Subgroup’s 2005 taxable year and (ii) the 2005 Combined
Group Hypothetical Tax Liability will be calculated for a Combined Group’s 2005 taxable year. 
  
 (b) 2005 Tax Savings. The “2005 Tax Savings” with respect to a 2005 Tax Return filed by a Combined Group shall equal the
excess, if any, of (x) the sum of the 2005 Subgroup Hypothetical Tax Liabilities for each of the Subgroups, over (y) the 2005 Combined Group Hypothetical Tax Liability with respect to such Tax Return. If there exists 2005 Tax Savings
with respect to such Tax Return, the Subgroup which realizes the benefit of such Tax Savings shall pay an amount equal to 100% of such Tax Savings to the Subgroup generating the items of loss, deduction or credit which produced such Tax Savings. Any
amount payable under this Section 5.02(b) shall be payable upon written request of the party entitled to payment providing reasonable detail of the calculation of the 2005 Tax Savings, but in no event earlier than thirty (30) days following the
relevant Measurement Date occurring in connection with the Combined Group’s 2005 U.S. federal income Tax Return. 
  
 (c) Subgroup Post-Merger NOLs. At the time of each Measurement Date occurring in connection with the 2005 U.S. federal income taxable year
for the Combined Group, a determination shall be made for each Subgroup of the amount (if any) by which the Subgroup Assumed Post-Merger NOLs of such Subgroup exceed its Subgroup Post-Merger NOLs. If, with respect to a Subgroup, any such excess
exists, the other Subgroup shall pay to such Subgroup having such excess an amount equal to 35% of the amount of such excess; provided, however, that payments made under this Section 5.02(c) shall be reduced to take into account any
payments previously made with respect to any prior Measurement Date occurring in connection with the 2005 U.S. federal income taxable year for the Combined Group. Any amount payable under this Section 5.02(c) shall be payable upon written request of
the party entitled to payment providing reasonable detail of the calculation of the amount owing, but in no event earlier than thirty (30) days following the relevant Measurement Date occurring in connection with the 2005 U.S. federal income taxable
year for the Combined Group. It is understood and agreed that any amount owing under this section shall be payable without regard to when the NOLs impaired actually would have been utilized. 
  
 Section 5.03 AMT Credit Carryforwards. It is the intention of
the parties that any U.S. federal alternative minimum tax credit carryforwards of the Combined Group existing 
  
  

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 on the Merger Date shall be one-half for the benefit of GBC Entities and one half for the benefit of Lane Entities, and
each party agrees to indemnify the other party if, pursuant to the Code and Treasury Regulations, such other party receives less than its share of such credit. 
  

Section 5.04 Recomputed Payments. Upon a Measurement Date occurring in connection with a taxable year, the amounts payable by a party
under this Agreement shall be recomputed take into account all relevant factors, including any (i) adjustment or amendment to items of income, gain, loss or deduction with respect to such taxable year or any preceding taxable year and (ii) prior
payments made by each party pursuant to this Agreement. If, taking into account such recomputation, the net amount payable by a party differs from the net amount paid by such party as of such Measurement Date, one party shall reimburse the other
party to the extent necessary to eliminate such difference. 
  
 Section 5.05 Verification. Any question relating to the determination of any amount payable under this Article V shall be submitted, in writing, for resolution by the firm or firms of independent certified public accountants
regularly engaged by the parties. If such firm or firms are unable to resolve such question within 60 days of its submission, such question shall be submitted, in writing, to another firm of independent certified public accountants selected by the
parties for such purpose, and the opinion of such other firm shall be binding on all parties concerned. The costs of such procedure shall be divided equally among the parties presenting the question. 
  
 ARTICLE VI 
  
 COOPERATION AND EXCHANGE OF INFORMATION 
  
 Section 6.01 Inconsistent Actions. Each party to this Agreement
agrees to, and to cause each of its relevant Entities to, in the absence of a controlling change in law or circumstances, report the Merger as a reorganization described in Section 368 of the Code on all Tax Returns and other filings. GBC agrees to,
and to cause each of its relevant Entities to, use its best efforts to ensure that the Merger receives such treatment for U.S. federal income Tax purposes and that, unless it has obtained the prior written consent of the other party, it (and its
Entities) shall not take any action inconsistent with, or fail to take any action required by, the Merger Agreement. 
  
 Section 6.02 Cooperation and Exchange of Information. 
  
 (a) General. Each party hereto agrees to provide, and to cause each of its Entities to provide, such
cooperation and information as such other party shall request, on a timely basis, in connection with the preparation or filing of any Tax Return or claim for Tax refund not inconsistent with this Agreement or in conducting any Tax audit, Tax
dispute, or otherwise in respect of Taxes or to carry out the provisions of this Agreement (including any cooperation required to carry out the intentions of the parties as set forth in the preamble); provided, however, that, subject
to Section 6.02(b), neither party shall be obligated to provide the 
  
  

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 other party Tax Returns, documentation or other information of a proprietary or confidential nature for purposes of
verifying any calculation, and provided further, that in any such case where one party does not provide the other party with Tax Returns, documentation or information because it is proprietary or confidential, both parties shall cooperate in
developing mutually acceptable procedures including retaining a mutually agreeable accounting firm to review such Tax Returns, documentation or information for purposes of verifying such calculation. To the extent necessary to carry out the purposes
of this Agreement and subject to the other provisions of this Agreement, such cooperation and information shall include the non-exclusive designation of an officer of Lane as an officer of GBC and each of its affiliates for the purpose of signing
Tax Returns, cashing refund checks, pursuing refund claims, dealing with Tax Authorities and defending audits, as well as promptly forwarding copies of appropriate notices and forms or other communications received from or sent to any Tax Authority
which relate to the GBC Entities for the Pre-Merger Taxable Period and providing copies of all relevant Tax Returns for the Pre-Merger Taxable Period, together with accompanying schedules and related workpapers, documents relating to rulings or
other determinations by Tax Authorities, including foreign Tax Authorities, and records concerning the ownership and Tax basis of property, which either party may possess. Subject to the rights of the GBC Entities under the other provisions of this
Agreement, such officer shall have the authority to execute powers of attorney (including Form 2848) on behalf of each of the GBC Entities with respect to Tax Returns for the Pre-Merger Taxable Period. Each party to this Agreement shall make, or
shall cause its affiliates to make, its employees and facilities available on a mutually convenient basis to provide an explanation of any documents or information provided hereunder. 
  
 (b) 1999 Audit. Without limiting the generality of Section 6.02(a) and Section 6.03, GBC agrees that it shall,
and that it shall cause each GBC Entity to, provide such information and cooperation as Lane reasonably determines shall be reasonably necessary to allow Lane to effectively and fully contest any assertions made by the IRS, and to respond to any
document requests or other inquiries made by the IRS, in each case arising out of or relating to the 1999 Audit including, without limitation, upon reasonable notice by Lane: (i) providing on a timely basis to Lane all documents, Tax Returns,
appraisals, workpapers and other information as shall be requested by Lane, (ii) affording to Lane and its Representatives all reasonable access, during normal business hours, to all the properties, books, contracts, records and personnel of GBC and
each GBC Entity and making available to Lane or its designated Representatives all information concerning the business and properties of GBC and each GBC Entity, in each case as may be reasonably relevant to any of the issues raised in, or positions
asserted by either party in connection with, the 1999 Audit, (iii) granting to Lane and/or its designated Representatives any powers of attorney reasonably requested by Lane in connection any proceeding relating to the 1999 Audit, and (iv) notifying
Lane of any communication received from any Tax Authority relating directly or indirectly to the 1999 Audit. 
  
 Section 6.03 Tax Records. 
  
 (a) General. Lane and GBC agree to (and to cause each of their respective Entities to) (i) retain all Tax Returns, related schedules and
workpapers, and all material records and other documents as required under Section 6001 of the Code and the regulations 
  
  

 20 

 promulgated thereunder relating thereto existing on the date hereof or created through the Merger Date, for a period of
at least ten years following the Merger Date and (ii) allow the other party to this Agreement, at times and dates reasonably acceptable to the retaining party, to inspect, review and make copies of such records, as such other party may reasonably
deem necessary or appropriate from time to time. In addition, after the expiration of such ten-year period, such Tax Returns, related schedules and workpapers, and material records shall not be destroyed or otherwise disposed of at any time, unless,
prior to such destruction or disposal, (A) the party proposing to destroy or otherwise dispose of such records shall provide no less than 30 days’ prior written notice to the other party, specifying in reasonable detail the records proposed to
be destroyed or disposed of and (B) if a recipient of such notice shall request in writing prior to the scheduled date for such destruction or disposal that any of the records proposed to be destroyed or disposed of be delivered to such requesting
party, the party proposing the destruction or disposal shall promptly arrange for the delivery of such requested records at the expense of the party requesting such records. 
  
 (b) Failure to Comply. Notwithstanding anything in this Agreement to the contrary, if any party fails to
comply with the requirements of Section 6.02(b) or Section 6.03(a) hereof, the party failing so to comply shall be liable for, and shall hold the other party, harmless from, any Taxes (including penalties for failure to comply with the record
retention requirements of the Code) and other costs resulting from such party’s failure to comply. 
  
 ARTICLE VII 
  
 MISCELLANEOUS 
  
 Section 7.01 Entire
Agreement; Construction. This Agreement and the Merger Agreement, including any annexes, schedules and exhibits hereto or thereto, and other agreements and documents referred to herein and therein, will together constitute the entire
agreement between the parties with respect to the subject matter hereof and thereof and will supersede all prior negotiations, agreements and understandings of the parties of any nature, whether oral or written, with respect to such subject matter.
Notwithstanding any other provisions in this Agreement to the contrary, in the event and to the extent that there is a conflict relating to Taxes between the provisions of this Agreement and the provisions of the Merger Agreement, the provisions of
this Agreement will control. 
  
 Section 7.02
Effectiveness. All covenants and agreements of the parties contained in this Agreement shall be subject to and conditioned upon the Merger becoming effective. 
  
 Section 7.03 Survival of Agreements. Except as otherwise contemplated by this Agreement, all covenants and
agreements of the parties contained in this Agreement will remain in full force and effect and survive the Merger Date. 
  
  

 21 

 Section 7.04 ACCO. ACCO hereby absolutely, unconditionally and irrevocably guarantees to
Lane and its successors and assigns, the due and punctual payment and performance of all obligations of GBC hereunder. The obligations of ACCO hereunder shall not be discharged, impaired or otherwise affected by the failure of Lane to assert any
claim or demand against GBC or enforce any remedy hereunder. Notwithstanding the foregoing, nothing in this Section 7.04 shall create any liabilities or obligations for ACCO to the extent that GBC would not have liability or otherwise be responsible
to Lane hereunder, and ACCO shall have the right to assert as a defense to any of its obligations hereunder any defense that would be available to it had it duly authorized and entered into the obligations hereunder directly. 
  
 Section 7.05 Dual Consolidated Losses. Lane, GBC and ACCO
acknowledge that GBC will seek to qualify the Merger for the exception to “triggering event” status under Treas. Reg. § 1.1503-2(g)(2)(iv)(B)(1)(i). In connection with qualifying the Merger for such exception, Lane and ACCO agree
that, upon the request of GBC, each of them (i) shall enter into a “closing agreement” (in customary form and substance) with the IRS pursuant to Treas. Reg. § 1.1503-2(g)(2)(iv)(B)(3) and (ii) shall take such other actions reasonably
requested by GBC, provided such other actions are necessary to qualify the Merger for such exception and do not have any adverse impact on Lane which is not fully indemnified by GBC and ACCO in a manner reasonably acceptable to Lane. 
  
 Section 7.06 Governing Law. This Agreement will be governed by
and construed in accordance with the internal laws of the State of Delaware applicable to contracts made and to be performed entirely within such State, without regard to the conflicts of law principles of such State. 
  
 Section 7.07 Notices. All notices and other communications
hereunder shall be in writing and shall be deemed duly given (i) on the date of delivery if delivered personally, (ii) upon confirmation of receipt if delivered by telecopy or telefacsimile, (iii) on the first Business Day following the date of
dispatch if delivered by a recognized next-day courier service or (iv) on the fifth Business Day following the date of mailing if delivered by registered or certified mail, return receipt requested, postage prepaid. All notices hereunder shall be
delivered as set forth below, or pursuant to such other instructions as may be designated in writing by the party to receive such notice: 
  

	 	(a)	If to Lane to 

  
 Lane Industries, Inc. 
 1200 Shermer Rd.
4th Fl. 
 Northbrook, IL 60062 
 Fax: (847) 498-2104 
 Attention:   Richard Fabbrini 
  
  

 22 

 with a copy to: Tom Lowry 
  
 and 
  
 Sidley Austin Brown & Wood LLP 
 10
South Dearborn 
 Chicago, Illinois 60603 
 Fax: (312) 853-7036 
 Attention:   Larry A. Barden, Esq. 
            Sharp Sorensen, Esq. 
  

	 	(b)	If to GBC to 

  
 GBC Corporation 
 One GBC Plaza

 Northbrook, IL 60062 
 Fax:
(847) 291-5900 
 Attention:     Steven Rubin, Esq. 
 with a copy to:  Elizabeth Boos 
  
 and 
  
 Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates 
 333 West Wacker Drive 
 Chicago, Illinois 60606 
 Fax: (312) 407-0411 
 Attention:  William Kunkel, Esq. 
           Maxwell
Miller, Esq. 
  

	 	(c)	If to ACCO to 

  
 ACCO World Corporation 
 300 Tower
Parkway 
 Lincolnshire, Illinois 60069 
 Fax: (847) 484-4495 
 Attention:   President 
  
 Section 7.08 Consent to Jurisdiction. Each of Lane and GBC irrevocably agrees that any legal action or
proceeding with respect to this Agreement, the transactions contemplated hereby, any provision hereof, the breach, performance, validity or invalidity hereof or for recognition and enforcement of any judgment in respect hereof brought by another
party hereto or its successors or permitted assigns may be brought and determined in any federal or 
  
  

 23 

 state court located in the State of Delaware, and each of Lane and GBC hereby irrevocably submits with regard to any such
action or proceeding for itself and in respect to its property, generally and unconditionally, to the exclusive jurisdiction of the aforesaid courts. Each of Lane and GBC hereby irrevocably waives, and agrees not to assert, by way of motion, as a
defense, counterclaim or otherwise, in any action or proceeding with respect to this Agreement, the transactions contemplated hereby, any provision hereof or the breach, performance, enforcement, validity or invalidity hereof, (a) any claim that it
is not personally subject to the jurisdiction of the above-named courts for any reason other than the failure to lawfully serve process, (b) that it or its property is exempt or immune from jurisdiction of any such court or from any legal process
commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (c) to the fullest extent permitted by applicable laws, that (i) the suit,
action or proceeding in any such court is brought in an inconvenient forum, (ii) the venue of such suit, action or proceeding is improper and (iii) this Agreement, or the subject matter hereof, may not be enforced in or by such courts. 

 
 Section 7.09 Amendments. This Agreement cannot be amended,
modified or supplemented except by a written agreement executed by Lane and GBC. 
  
 Section 7.10 Assignment. Neither party to this Agreement will convey, assign or otherwise transfer any of its rights or obligations under this Agreement, in whole or in part, without the prior written
consent of the other party in its sole and absolute discretion. Any conveyance, assignment or transfer requiring the prior written consent of the other party pursuant to this Section 6.08 which is made without such consent will be void ab
initio. No assignment of this Agreement will relieve the assigning party of its obligations hereunder. 
  
 Section 7.11 Captions; Currency. The article, section and paragraph captions herein and the table of contents hereto are for convenience of
reference only, do not constitute part of this Agreement and will not be deemed to limit or otherwise affect any of the provisions hereof. Unless otherwise specified, all references herein to numbered articles or sections are to articles and
sections of this Agreement and all references herein to schedules are to schedules to this Agreement. Unless otherwise specified, all references contained in this Agreement, in any schedule referred to herein or in any instrument or document
delivered pursuant hereto to dollars or “$” shall mean U.S. dollars. 
  
 Section 7.12 Severability. If any provision of this Agreement or the application thereof to any Person or circumstance is determined by a court of competent jurisdiction to be invalid, void or
unenforceable, the remaining provisions hereof, or the application of such provision to Persons or circumstances other than those as to which it has been held invalid or unenforceable, will remain in full force and effect and will in no way be
affected, impaired or invalidated thereby. If the economic or legal substance of the transactions contemplated hereby is affected in any manner adverse to any party as a result thereof, the parties will negotiate in good faith in an effort to agree
upon a suitable and equitable substitute provision to effect the original intent of the parties. 
  
  

 24 

 Section 7.13 Parties in Interest. Except for the provisions of Article IV relating to Tax
Indemnification, this Agreement is solely for the benefit of the parties hereto and their respective Entities, and their respective successors and permitted assigns and should not be deemed to confer upon third parties (including any employee of
Lane or GBC or of any Lane or GBC subsidiary) any remedy, claim, reimbursement, claim of action or other right in excess of those existing without reference to this Agreement. 
  
 Section 7.14 Schedules. All schedules attached hereto are hereby incorporated in and made a part of this
Agreement as if set forth in full herein. Capitalized terms used in the schedules hereto but not otherwise defined therein will have the respective meanings assigned to such terms in this Agreement. 
  
 Section 7.15 Waivers; Remedies. Any agreement on the part of a
party hereto to any waiver of any provision of this Agreement shall be valid only if set forth in a written instrument signed on behalf of such party. No failure or delay by any party hereto in exercising any right, power or privilege hereunder will
operate as a waiver thereof, nor will any waiver on the part of any party hereto of any right, power or privilege hereunder operate as a waiver of any other right, power or privilege hereunder, nor will any single or partial exercise of any right,
power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder. The rights and remedies herein provided are cumulative and are not exclusive of any rights or remedies
which the parties may otherwise have at law or in equity. 
  
 Section 7.16 Counterparts. This Agreement may be executed in separate counterparts, each such counterpart being deemed to be an original instrument, and all such counterparts will together constitute the same agreement.

  
 Section 7.17 Performance. Each party hereto will
cause to be performed, and hereby guarantees the performance of all actions, agreements and obligations set forth herein to be performed by any subsidiary or any of such party’s Entities. 
  
 Section 7.18 Interpretation. Any reference to any federal,
state, local, or foreign law shall be deemed also to refer to all rules and regulations promulgated thereunder, unless the context requires otherwise. For the purposes of this Agreement, (i) words in the singular shall be held to include the plural
and vice versa and words of one gender shall be held to include the other gender as the context requires, (ii) the terms “hereof “, “herein”, and “herewith” and words of similar import shall, unless
otherwise stated, be construed to refer to this Agreement as a whole and not to any particular provision of this Agreement and (iii) the word “including” and words of similar import when used in this Agreement shall mean “including,
without limitation”. 
  
  

 25 

 IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly authorized officers
of the parties as of the date first hereinabove written. 
  

			
	LANE INDUSTRIES, INC.
		
	By:	 	 /s/    Richard Fabbrini

	Name:	 	 Richard Fabbrini

	Title:	 	 Senior Vice President and Chief Financial Officer

	
	GENERAL BINDING CORPORATION
		
	By:	 	 /s/    Steven Rubin

	Name:	 	 Steven Rubin

	Title:	 	 Vice President, Secretary and General Counsel

	
	ACCO WORLD CORPORATION
		
	By:	 	 /s/    David D. Campbell

	Name:	 	 David D. Campbell

	Title:	 	 Chairman, President and Chief Executive Officer

  
  

 26

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