Document:

Commitment Letter

 Exhibit 10.6 
 EXECUTION COPY 
  

					
	 BARCLAYS CAPITAL
 745 Seventh Avenue
 New York, New York 10019
	  	 MERRILL LYNCH, PIERCE,
 FENNER & SMITH
 INCORPORATED

BANK OF AMERICA, N.A.
 One Bryant Park
 New York, New York 10036
	  	BANK OF MONTREAL
 BMO
CAPITAL
 MARKETS
 115 South LaSalle Street
 Chicago, IL 60603

			
		  	 SUNTRUST BANK
 SUNTRUST ROBINSON HUMPHREY, INC.
 303 Peachtree Street, NE

Atlanta, GA 30308
	  	

 PERSONAL AND CONFIDENTIAL 
 Janaury 13, 2012 
 MeadWestvaco Corporation 

500 South
5th Street 

Richmond, VA 23219-0501 

Attention: General Counsel  
 Second Amended and Restated Commitment Letter 
 Ladies and Gentlemen: 

This second amended and restated commitment letter (together with Exhibits A, B and C hereto, the “Commitment Letter”) amends, restates
and supersedes that certain amended and restated commitment letter dated as of December 13, 2011 (the “Original Commitment Letter”) from Barclays Capital (“Barclays Capital”), the investment banking division of
Barclays Bank PLC (“Barclays Bank” and, together with Barclays Capital, “Barclays”), Bank of America, N.A. (“Bank of America”), Merrill Lynch, Pierce, Fenner & Smith Incorporated
(“MLPFS”) and Bank of Montreal (“BMO”) to you. You have advised Barclays, Bank of America, MLPFS, BMO, SunTrust Bank (“SunTrust”) and SunTrust Robinson Humphrey, Inc. (“STRH” and,
together with Barclays, Bank of America, MLPFS, BMO and SunTrust, the “Commitment Parties”, “we” or “us”), that ACCO Brands Corporation (the “Acquiror” or
“Augusta”) intends to acquire the SpinCo Business by merger (the “Merger”) of a newly formed subsidiary of Acquiror (“Merger Sub”) with and into a subsidiary formed by you to hold the SpinCo
Business (“SpinCo”) immediately following the distribution of the stock of SpinCo (the “Spin”) by you to your stockholders, all as more fully described in the transaction description attached hereto as Exhibit A
(the “Transaction Description”), and in connection therewith, you, SpinCo and Augusta intend to consummate the Transactions referred to in the Transaction Description. Capitalized terms used but not defined herein have the meaning
assigned to them in the Transaction Description, the Summary of Principal Terms and Conditions of the Bridge Loans attached hereto as Exhibit B (the “Bridge Term Sheet”) and the conditions precedent set forth in Exhibit C.

 You have also advised us that, subject to the conditions set forth in this Commitment Letter, you will borrow up to $270.0 million in
aggregate principal amount of senior unsecured bridge loans having the terms set forth in Exhibit B (the “Bridge Facility”). 

  
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 This Commitment Letter supersedes the Original Commitment Letter
in full and, upon execution of this Commitment Letter, the Original Commitment Letter will no longer have any force or effect. 
  

	1.	Commitments and Agency Roles  

 You hereby
appoint Barclays Bank to act, and Barclays Bank hereby agrees to act, as sole and exclusive administrative agent (in such capacity, the “Administrative Agent”) for the Bridge Facility. You hereby appoint each of Barclays Capital,
MLPFS, Bank of Montreal, acting under its trade name BMO Capital Markets (“BMO Capital”) and STRH, to act, and each of Barclays Capital, MLPFS, BMO Capital and STRH hereby agree to act, as joint lead arrangers and joint bookrunners
(in such capacities, the “Arrangers”) for the Bridge Facility. Each of the Arrangers, the Administrative Agent, the Co-Syndication Agents (as defined in Exhibit B) and the Documentation Agent (as defined in Exhibit B) will have the
rights and authority customarily given to financial institutions in such roles. In connection with the Transactions contemplated hereby, (i) Barclays is pleased to advise you of its commitment to provide 55% of the aggregate principal
amount of the Bridge Facility, (ii) Bank of America is pleased to advise you of its commitment to provide 25% of the aggregate principal amount of the Bridge Facility, (iii) BMO is pleased to advise you of its commitment to provide 15% of
the aggregate principal amount of the Bridge Facility and (iv) SunTrust is pleased to advise you of its commitment to provide 5% of the aggregate principal amount of the Bridge Facility, in each case on the terms and subject to the conditions
set forth in this Commitment Letter and the Fee Letter (as defined below). The commitments of each Commitment Party are several and not joint. 

Our fees for services related to the Bridge Facility are set forth in a separate fee letter (the “Fee Letter”) between you and us
entered into on the date hereof. As consideration for the execution and delivery of this Commitment Letter by us, you agree to pay the fees and expenses set forth in Exhibit B and in the Fee Letter as and when payable in accordance with the terms
hereof and thereof. You agree that no other titles will be awarded and no compensation will be paid (other than as expressly contemplated by this Commitment Letter and the Fee Letter) in connection with the Bridge Facility unless you and we shall so
agree; provided, however, that Barclays Capital will be the Lead Arranger and will have “lead left” placement on all marketing materials related to the Bridge Facility and will perform the duties and exercise the authority
customarily performed and exercised by them in such role, including acting as sole manager of the physical books. 
  

	2.	Conditions Precedent  

 Our commitments
hereunder and our agreements to perform the services described herein are subject only to the following conditions: (i) there shall not have occurred, since December 31, 2010, a Material Adverse Effect on the SpinCo Business, (ii) the
conditions set forth under the caption “Conditions Precedent to Initial Borrowing” in Exhibit B and (iii) the conditions set forth in Exhibit C. For purposes hereof, a “Material Adverse Effect” means any change,
development, event, occurrence, effect or state of facts that, individually or in the aggregate with all such other changes, developments, events, occurrences, effects or states of facts is, or is reasonably likely to be, materially adverse to the
business, financial condition or results of operations of the SpinCo Business (as defined in the Separation Agreement); provided that none of the following shall be deemed either alone or in combination to constitute, or be taken into account
in determining whether there has been, or is reasonably likely to be, a material adverse effect: any change, development, event, occurrence, effect or state of facts arising out of or resulting from (i) capital market conditions generally or
general economic conditions, including with respect to interest rates or currency exchange rates, (ii) geopolitical conditions or any outbreak or escalation of hostilities, acts of war or terrorism occurring after the date of this Commitment
Letter, (iii) any hurricane, tornado, flood, earthquake or other natural disaster occurring after the date of this Commitment Letter, (iv) any change in applicable laws or generally accepted accounting principles (or authoritative
interpretation 

  
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thereof) which is proposed, approved or enacted after the date of this Commitment Letter, (v) general conditions in the industries in which the SpinCo Business operates, (vi) the
announcement and pendency of the Merger Agreement and the transactions contemplated thereby, including any lawsuit in respect thereof, compliance with the covenants or agreements contained therein, and any loss of or change in relationship with any
customer, supplier, distributor, or other business partner, or departure of any employee or officer, of the SpinCo Business, and (vii) any Excluded Asset (as defined in the Merger Agreement) or Excluded Liability (as defined in the Merger
Agreement), except, in the cases of clauses (i) and (v), to the extent that such change, development, event, occurrence, effect or state of facts has a materially disproportionate effect on the SpinCo Business, as compared with other
participants in the industries in which the SpinCo Business operates (in which case the incremental disproportionate impact or impacts may be deemed either alone or in combination to constitute, or be taken into account in determining whether there
has been, or is reasonably likely to be, a Material Adverse Effect). 
 Notwithstanding anything in this Commitment Letter, the Fee Letter, the
Loan Documents (as defined in Exhibit C) or any other letter agreement or other undertaking between you and us concerning the financing of the Bridge Facility to the contrary, (i) the only representations the accuracy of which will be a
condition to the availability of the Bridge Facility on the Closing Date will be the Specified Representations (as defined below) and (ii) the terms of the Loan Documents will be in a form such that they do not impair the availability of the
Bridge Facility on the Closing Date if all conditions expressly set forth in this Commitment Letter are satisfied; provided, however, that nothing in the preceding clause (ii) shall be construed to limit the individual conditions
expressly set forth in Exhibit C. For purposes hereof, “Specified Representations” means the representations and warranties referred to in Exhibit B relating to organization; requisite power and authority (as they relate to due
authorization, execution, delivery and performance of the Loan Documents); qualification; due authorization, execution and delivery and enforceability of the Loan Documents; no conflicts of the Loan Documents with organizational documents or
applicable law; binding obligation; Investment Company Act; Federal Reserve margin stock regulations; solvency as of the Closing Date, on a pro forma basis, of the Borrower and its subsidiaries on a consolidated basis; senior indebtedness;
and Patriot Act, OFAC and other similar money laundering or anti-terrorism laws. 
  

	3.	Syndication  

 The Arrangers intend and
reserve the right to syndicate the Bridge Facility to the Lenders (as such term is defined in Exhibit B); provided that, unless otherwise agreed by you, no assignment prior to the Closing Date will reduce or release any Commitment
Party’s obligation to fund its commitment in the event any assignee shall fail to do so on the Closing Date. The Arrangers will lead the syndication, including determining the timing of all offers to prospective Lenders, any title of agent or
similar designations or roles awarded to any Lender and the acceptance of commitments, the amounts offered and the compensation provided to each Lender from the amounts to be paid to the Arrangers pursuant to the terms of this Commitment Letter and
the Fee Letter, and will in consultation with you determine the final commitment allocations. 
 You agree to, and agree to use commercially
reasonable efforts to obtain contractual undertakings from Augusta to, cooperate with, and provide information reasonably required by, the Arrangers in connection with all syndication efforts, including: (i) assisting in the preparation by you,
as soon as practicable after the date of this Commitment Letter, of a confidential information memorandum for the Bridge Facility customary for transactions of this type and other customary presentation materials (including lender presentations) to
be used in connection with the syndication (collectively, “Facilities Marketing Materials”) reasonably acceptable in form and content to the Arrangers regarding the business, operations, financial projections and prospects of the
SpinCo Business and Augusta (including the financial information described in Exhibit C) including without limitation the delivery of all information 

  
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relating to the Transactions prepared by or on behalf of you, SpinCo and Augusta that the Arrangers reasonably deem necessary to complete the syndication of the Bridge Facility and a confidential
information memorandum reasonably acceptable in format and content to the Arrangers for use in bank meetings and other communications with prospective Lenders in connection with the syndication of the Bridge Facility; (ii) using commercially
reasonable efforts to obtain, and your using commercially reasonable efforts to cause Augusta to assist in obtaining, from Moody’s Investor Service, Inc. (“Moody’s”) and Standard & Poor’s Ratings Services, a
Standard & Poor’s Financial Services LLC business (“S&P”), prior to the launch of the general syndication, a corporate family rating and a credit rating for the Bridge Facility and the SpinCo Notes;
(iii) arranging for direct communications of prospective Lenders with appropriate senior management, representatives and advisors of you (and using commercially reasonable efforts to cause direct contact with appropriate senior management,
representatives and advisors of Augusta) and participation of such persons in meetings in connection with the syndication of the Bridge Facility, in all cases at times mutually agreed upon; and (iv) hosting (including any preparations with
respect thereto) with the Arrangers at places and times reasonably requested by the Arrangers one or more meetings (or, if you and we shall agree, conference calls in lieu of any such meetings) with prospective Lenders. You agree that the Arrangers
have the right to place advertisements in financial and other newspapers at their own expense describing their services to you. 
 You will be
solely responsible for the contents of the Facilities Marketing Materials and all other information, documentation or other materials delivered to us in connection therewith and you acknowledge that we will be using and relying upon such information
without independent verification thereof. 
 You understand that certain prospective Lenders (such Lenders, “Public Lenders”)
may have personnel that do not wish to receive MNPI (as defined below). At the Arrangers’ request, you agree to assist in the preparation of an additional version of the Facilities Marketing Materials that does not contain material non-public
information concerning you or Augusta or your or its subsidiaries or affiliates or your or its securities (collectively, “MNPI”) which is suitable to make available to Public Lenders. You acknowledge and agree that the following
documents may be distributed to Public Lenders (except to the extent the you or Augusta notify us to the contrary and provided that you shall have been given a reasonable opportunity to review such documents and comply with the U.S. Securities and
Exchange Commission disclosure requirements): (a) drafts and final versions of the Loan Documents; (b) administrative materials prepared by the Arrangers or the Administrative Agent for prospective Lenders (including without limitation a
lender meeting invitation, allocations and funding and closing memoranda); and (c) term sheets and notification of changes in the terms and conditions of the Bridge Facility. Before distribution of any Facilities Marketing Materials in
connection with the syndication of the Bridge Facility (i) to prospective Lenders that are not Public Lenders, you will provide us with a customary letter authorizing the dissemination of such materials and (ii) to prospective Public
Lenders, you will provide us with a customary letter authorizing the dissemination of information that does not contain MNPI (the “Public Information Materials”) to Public Lenders and confirming the absence of MNPI therein. In
addition, at the Arrangers’ request, you will identify Public Information Materials by marking the same as “PUBLIC” (it being understood that you shall not otherwise be under any obligation to mark information as “PUBLIC”)
and you and we agree that any information and projections that are not specifically identified as “PUBLIC” shall be deemed as being suitable only for dissemination to prospective Lenders who wish to receive MNPI in connection with the
syndication of the Bridge Facility. 
 It is agreed that the completion of the successful syndication of the Bridge Facility prior to the
initial funding under the Bridge Facility will not be a condition to the Commitment Parties’ commitments hereunder. 

  
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	4.	Information 

 You represent, warrant and
covenant (with respect to information provided by Augusta and its representatives, to your knowledge) that (i) all written information (other than projections and other forward-looking information and information of a general economic or
industry-specific nature) that has been or will be provided by or on behalf of you, Augusta or any of your or its representatives to the Arrangers, the Commitment Parties, the Lenders or any of their respective affiliates in connection with the
Bridge Facility and the Transactions, when taken as a whole, is and will be, when furnished, complete and correct in all material respects and does not and will not, when taken as a whole, when furnished, contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements contained therein not misleading in the light of the circumstances under which such statements are made (after giving effect to all supplements and updates thereto from time to
time) and (ii) the financial projections and other forward-looking information that have been or will be made available directly or indirectly by or on behalf of you, Augusta or any of your or its representatives to the Arrangers, the
Commitment Parties, the Lenders or any of their respective affiliates have been and will be prepared in good faith based upon assumptions that are believed by the preparer thereof to be reasonable when furnished (it being agreed by the Arrangers,
the Commitment Parties, the Lenders and any of your or their respective affiliates relying on this provision, that such projections and forward-looking information are not to be viewed as facts and are subject to significant uncertainties and
contingencies many of which are beyond your control, that no assurance can be given that any particular projection or forward-looking information will be realized, that actual results may differ and that such differences may be material). You agree
that if at any time prior to the Closing Date any of the representations in the preceding sentence would be incorrect in any material respect if the information and projections were being furnished, and such representations were being made, at such
time, then you will promptly supplement, or cause to be supplemented, the information and projections so that such representations will be correct in all material respects in the light of the circumstances in which such statements are made. You
understand that in providing our services pursuant to this Commitment Letter we may use and rely on the information and projections without independent verification thereof. 

 

	5.	Indemnification 

 To induce us to enter
into this Commitment Letter and the Fee Letter and to proceed with the documentation of the Bridge Facility, you hereby agree to indemnify and hold harmless the Administrative Agent, the Arrangers and each other agent or co-agent (if any) designated
pursuant to the terms hereof, each Lender (including any Commitment Party) and their respective affiliates and each partner, trustee, shareholder, director, officer, employee, advisor, representative, agent, attorney and controlling person thereof
(each of the above, an “Indemnified Person”) from and against any and all actions, suits, proceedings (including any investigations), claims, losses, damages, liabilities or expenses (including legal expenses as set forth below),
joint or several, of any kind or nature whatsoever that may be brought or threatened by you, any of your affiliates or any other person or entity and which may be incurred by or asserted against or involve any Indemnified Person (whether or not any
Indemnified Person is a party to such action, suit, proceeding or claim) as a result of or arising out of or in any way related to or resulting from the Merger, this Commitment Letter, the Fee Letter, the Bridge Facility, the Transactions or any
related transaction contemplated hereby or thereby or any use or intended use of the proceeds of the Bridge Facility, and to reimburse each Indemnified Person within 30 days of a written demand therefor, together with reasonable backup documentation
supporting such reimbursement request (but limited, in the case of legal fees and expenses, to the reasonable and documented fees, disbursements and other charges of one counsel to such Indemnified Persons taken as a whole and, solely in the case of
a conflict of interest, one additional counsel to all affected Indemnified Persons taken as a whole (and, if reasonably necessary, of one local counsel in any relevant jurisdiction and of one special counsel to all such persons, taken as a whole
and, solely in the case of a conflict of interest, additional local and special counsel to all similarly affected Indemnified Persons taken as a whole); provided that you will not have to indemnify an Indemnified Person against any action,
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liability or expense (x) to the extent the same resulted from the gross negligence or willful misconduct of such Indemnified Person or a material breach in bad faith by such Indemnified
Person of its obligations under this Commitment Letter or the Fee Letter (in each case, to the extent determined by a court of competent jurisdiction in a final and non-appealable judgment) or (y) if such dispute is solely between Indemnified
Parties or their respective affiliates, directors, officers, employees, agents or controlling persons and arises out of, or in connection with, any action, suit, proceeding or claim that does not involve an act or omission by you or any of your
affiliates other than any action, suit, proceeding or claim against any Indemnified Person in its capacity or in fulfilling its role as an agent, arranger or similar role under the Bridge Facility. Notwithstanding any other provision of this
Commitment Letter, no Indemnified Person will be responsible or liable to you or any other person or entity for damages arising from the use by others of any information or other materials obtained through internet, electronic, telecommunications or
other information transmission systems (except to the extent the same resulted from the gross negligence or willful misconduct of such Indemnified Person or a material breach in bad faith by such Indemnified Person of its obligations under this
Commitment Letter or the Fee Letter (in each case, to the extent determined by a court of competent jurisdiction in a final and non-appealable judgment)). 
 Your indemnity and reimbursement obligations under this Section 4 will be in addition to any liability which you may otherwise have and will be binding upon and inure to the benefit of the
successors, assigns, heirs and personal representatives of you and the Indemnified Persons. 
 None of us, the Indemnified Persons, you or any
of your affiliates or Representatives (as defined below) will be responsible or liable to any other person or entity for any indirect, special, punitive or consequential damages that may be alleged as a result of the Merger, this Commitment Letter,
the Fee Letter, the Bridge Facility or the Transactions; provided that nothing contained in this sentence shall limit your indemnification obligations to the extent set forth above. 

 

	6.	Assignments  

 This Commitment Letter may
not be assigned by you without the prior written consent of the Arrangers (and any purported assignment without such consent will be null and void), is intended to be solely for the benefit of the parties hereto and any Indemnified Person and is not
intended to confer any benefits upon, or create any rights in favor of, any person (including your equity holders, employees or creditors) other than the parties hereto (and any Indemnified Person). Each Commitment Party may assign its commitments
and agreements hereunder, in whole or in part, to any of its affiliates, additional Arrangers or any Lender (including without limitation as provided in Section 3 above); provided, that we will not be relieved of our obligations set
forth in this Commitment Letter to fund that portion of the commitments so assigned in connection with any syndication or assignment to any potential Lender made prior to the Closing Date unless such syndication or assignment is to a financial
institution you have identified to us in writing on or prior to the date hereof as a permitted lender (each, a “Permitted Lender”) and such Permitted Lender has executed a joinder to this Commitment Letter in a form reasonably
acceptable to you or you have otherwise consented to such syndication or assignment in writing. This Commitment Letter may not be amended or any term or provision hereof waived or modified except by an agreement in writing signed by each of the
parties hereto. 
  

	7.	USA PATRIOT Act Notification  

 The
Administrative Agent notifies you that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (as amended, supplemented or modified from time to time, the “Patriot
Act”) it and each Lender may be required to obtain, verify and record information that identifies the Borrower, including the name and address of each such Person and other 

  
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information that will allow the Administrative Agent and each Lender to identify the Borrower in accordance with the Patriot Act and other applicable “know your customer” and anti-money
laundering rules and regulations. This notice is given in accordance with the requirements of the Patriot Act and is effective for the Administrative Agent and each Lender. 

 

	8.	Sharing Information; Affiliate Activities; Absence of Fiduciary Relationship  

 Please note that this Commitment Letter and the Fee Letter may not be disclosed to any other person or entity or circulated or referred to publicly without our prior written consent except, after
providing written notice to the Commitment Parties and with appropriate permitted redactions as reasonably requested by the Commitment Parties, pursuant to applicable law or compulsory legal process, including, without limitation, a subpoena or
order issued by a court of competent jurisdiction or by a judicial, administrative or legislative body or committee; provided that we hereby consent to your disclosure of (i) this Commitment Letter and the Fee Letter and such
communications to your officers, directors, agents, employees, attorneys, independent auditors, representatives, professionals and advisors (collectively, the “Representatives”) in each case on a confidential and “need to
know” basis and who are directly involved in the consideration of the Bridge Facility to the extent you notify such persons of their obligation to keep this Commitment Letter, the Fee Letter and such communications confidential and such persons
agree to hold the same in confidence, (ii) this Commitment Letter, the Fee Letter or the information contained herein or therein to Augusta and its Representatives in each case on a confidential and “need to know” basis and who are
directly involved in the consideration of the Bridge Facility to the extent you notify such persons of their obligation to keep this Commitment Letter and the Fee Letter and the information contained herein and therein confidential and such persons
agree to hold the same in confidence and (iii) after providing written notice to the Commitment Party and in consultation with the Commitment Party, this Commitment Letter or the information contained herein (but not the Fee Letter or the
information contained therein, other than a version of the Fee Letter redacted in a manner reasonably satisfactory to the Arrangers, it being acknowledged that the fees in the Fee Letter shall be reflected in projections and pro forma information
and a generic disclosure of aggregate sources and uses) in any public filing required as part of the Merger and the syndication, and to any ratings agency on a confidential basis. 
 We shall use all nonpublic information received by us in connection with the Bridge Facility and the Transactions solely for the purposes of providing the services that are the subject of this Commitment
Letter, the Fee Letter, and the transactions contemplated hereby and thereby, and shall treat confidentially all such information; provided, however, that nothing herein shall prevent us from disclosing any such information (i) to
any Lenders or participants or prospective Lenders or participants, (ii) in any legal, judicial, administrative proceeding or other process or otherwise as required by applicable law or regulations (in which case we shall promptly notify you,
in advance, to the extent practicable and permitted by law), (iii) upon the request or demand of any regulatory authority having jurisdiction over such Commitment Party or its affiliates (in which case such Commitment Party shall, except with
respect to any audit or examination conducted by bank accountants or any governmental bank regulatory authority exercising examination or regulatory authority, give you notice thereof to the extent practicable and lawfully permitted to do so),
(iv) to the Representatives of such Commitment Party who are informed of the confidential nature of such information, (v) to any of our respective affiliates solely in connection with the Bridge Facility and the Transactions (provided that
such information shall be provided on confidential basis), (vi) to the extent any such information becomes publicly available other than by reason of disclosure by such Commitment Party, its affiliates or Representatives in breach of this
Commitment Letter, (vii) for purposes of establishing a “due diligence” or other similar defense and (ix) for purposes of enforcing the rights of the Commitment Parties under this Commitment Letter; provided that the disclosure
of any such information to any Lenders or prospective Lenders or participants or prospective participants referred to above shall be made subject to the acknowledgment and acceptance by such Lender or prospective Lender or participant or prospective
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being disseminated on a confidential basis in accordance with the standard syndication processes of such Commitment Party or customary market standards for dissemination of such types of
information. The obligations of the Commitment Parties under this paragraph shall remain in effect until the earlier of (x) two years from the date hereof and (y) the date the Loan Documents are entered into, at which time any
confidentiality undertaking in the Loan Documents shall supersede the provisions of this paragraph. 
 You acknowledge that the Arrangers and
their respective affiliates are full service securities firms and as such may from time to time effect transactions, for their own account or the account of customers, and may hold positions in securities or indebtedness, or options thereon, of you,
Augusta and other companies that may be the subject of the Transactions and may act with respect to any such entities in such other capacities to which it is appointed. The Arrangers and their respective affiliates will have economic interests that
are different from or conflict with those of SpinCo and you regarding the transactions contemplated by this Commitment Letter and the Fee Letter, and you acknowledge and agree that none of the Arrangers have an obligation to disclose such interests
to you. You further acknowledge and agree that nothing in this Commitment Letter, the Fee Letter or the nature of our services or in any prior relationship will be deemed to create an advisory, fiduciary or agency relationship between us, on the one
hand, and you, your equity holders or your affiliates, on the other hand, and you waive, to the fullest extent permitted by law, any claims you may have against the Arrangers for breach of fiduciary duty or alleged breach of fiduciary duty and agree
that none of the Arrangers will have liability (whether direct or indirect) to you in respect of such a fiduciary duty claim or to any person asserting a fiduciary duty claim on your behalf, including your equity holders, employees or creditors. You
acknowledge that the transactions contemplated by this Commitment Letter and the Fee Letter (including the exercise of rights and remedies hereunder and under the Fee Letter) are arms’ length commercial transactions and that we are acting as
principal and in our own best interests. You are relying on your own experts and advisors to determine whether the Transactions, including the transactions contemplated by this Commitment Letter and the Fee Letter are in your best interests and are
capable of evaluating and understanding, and you understand and accept, the terms, risks and conditions of the transactions contemplated this Commitment Letter and the Fee Letter. In addition, you acknowledge that we may employ the services of our
affiliates in providing certain services hereunder and may exchange with such affiliates information concerning you, SpinCo, Augusta and other companies that may be the subject of the Bridge Facility and the Transactions and such affiliates will be
entitled to the benefits afforded to us hereunder. In addition, please note that Barclays Capital Inc. has been retained by Augusta as financial advisor (in such capacity, the “Financial Advisor”) to Augusta in connection with the
Merger. You agree to such retention, and further agree not to assert any claim you might allege based on any actual or potential conflicts of interest that might be asserted to arise or result from, on the one hand, the engagement of the Financial
Advisor, and on the other hand, our and our affiliates’ relationships with you as described and referred to herein. 
 Consistent with our
policies to hold in confidence the affairs of our customers, we will not use or disclose confidential information obtained from you by virtue of the Transactions, including the transactions contemplated by this Commitment Letter and the Fee Letter
in connection with our performance of services for any of our other customers (other than as permitted to be disclosed under this Section 8). Furthermore, you acknowledge that neither we nor any of our affiliates have an obligation to use in
connection with the Transactions, including the transactions contemplated by this Commitment Letter and the Fee Letter, or to furnish to you, confidential information obtained or that may be obtained by us from any other person. 

Please note that neither the Arrangers nor their respective affiliates provide tax, accounting or legal advice. 

  
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	9.	Waiver of Jury Trial; Governing Law; Submission to Jurisdiction; Surviving Provisions  

 ANY RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY ACTION, SUIT, PROCEEDING OR CLAIM ARISING IN CONNECTION WITH OR AS A RESULT OF ANY MATTER REFERRED TO IN THIS COMMITMENT LETTER OR THE FEE LETTER IS
HEREBY IRREVOCABLY WAIVED BY THE PARTIES HERETO. THIS COMMITMENT LETTER, THE FEE LETTER AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. Each of the parties hereto hereby irrevocably (i) submits, for itself and its property, to the
exclusive jurisdiction of (a) the Supreme Court of the State of New York, New York County, located in the Borough of Manhattan, and (b) the United States District Court for the Southern District of New York and any appellate court from any
such court, in any action, suit, proceeding or claim arising out of or relating to this Commitment Letter, the Fee Letter or the Transactions or the performance of services contemplated hereunder or under the Fee Letter, or for recognition or
enforcement of any judgment, and agrees that all claims in respect of any such action, suit, proceeding or claim may be heard and determined in such New York State court or such Federal court, (ii) waives, to the fullest extent permitted by
law, any objection that it may now or hereafter have to the laying of venue of any action, suit, proceeding or claim arising out of or relating to this Commitment Letter, the Fee Letter, the Transactions or the performance of services contemplated
hereunder or under the Fee Letter in any such New York State or, to the extent permitted by law, Federal court and (iii) waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of any such action,
suit, proceeding or claim in any such court. Each of the parties hereto agrees to commence any such action, suit, proceeding or claim either in the United States District Court for the Southern District of New York or in the Supreme Court of the
State of New York, New York County located in the Borough of Manhattan. 
 This Commitment Letter is issued for your benefit only and no other
person or entity (other than the parties hereto and the Indemnified Persons) may rely hereon. 
 The provisions of Sections 3, 5, 8 and this
Section 9 of this Commitment Letter will survive any termination or completion of the arrangements contemplated by this Commitment Letter or the Fee Letter, including without limitation whether or not the Loan Documents are executed and
delivered and whether or not the Bridge Facility is made available or any loans under the Bridge Facility are disbursed; provided, however, that, to the extent applicable, your obligations under this Commitment Letter, other than those
relating to confidentiality and to the syndication of the Bridge Facility, shall automatically terminate and be superseded by the corresponding provisions of the Loan Documents upon the effectiveness thereof. 

 

	10.	Termination; Acceptance 

 Our commitments
hereunder and our agreements to provide the services described herein will terminate upon the first to occur of (i) receipt by each Commitment Party of written notice of termination from you, (ii) the consummation of the Merger,
(iii) the abandonment or termination of the definitive documentation for the Merger and the Spin, including the Merger Agreement and the Separation Agreement, and (iv) June 30, 2012 (the earliest of such dates to occur, the
“Termination Date”), unless the closing of the Bridge Facility has been consummated on or before such date on the terms and subject to the conditions set forth herein; provided, however, that, if the Merger has not
been consummated on or before the Termination Date, then the Termination Date contemplated by clause (iv) shall automatically be extended to August 31, 2012. 

  
 9 

 January 13, 2012 
 MeadWestvaco Corporation 
  

 This Commitment Letter may be executed in any number of counterparts, each of which when executed will
be an original and all of which, when taken together, will constitute one agreement. Delivery of an executed counterpart of a signature page of this Commitment Letter by facsimile or other electronic transmission will be as effective as delivery of
a manually executed counterpart hereof. 
 Please confirm that the foregoing is in accordance with your understanding by signing and returning
to the Arrangers the enclosed copy of this Commitment Letter, together, if not previously executed and delivered, with the Fee Letter on or before the close of business on January 13, 2012, whereupon this Commitment Letter and the Fee Letter
will become binding agreements between us. If not signed and returned as described in the preceding sentence by such date, this offer will terminate on such date. 
 [The remainder of this page is intentionally left blank.] 

  
 10 

 We look forward to working with you on this assignment. 

 

			
	Very truly yours,
	
	BARCLAYS BANK PLC
		
	By:	 	/s/    Ian Palmer
		 	Name: Ian Palmer
		 	Title: Managing Director

 Signature Page to Muirfield Commitment Letter 

  

			
	BANK OF AMERICA, N.A.
		
	By	 	/s/    Heather Lamberton
	Name:	 	Heather Lamberton
	Title:	 	Managing Director

  

			
	MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
		
	By	 	/s/    Heather Lamberton
	Name:	 	Heather Lamberton
	Title:	 	Managing Director

 Signature Page to Muirfield Commitment Letter 

  

			
	BANK OF MONTREAL
		
	By	 	/s/    Eric A. Schubert
	Name:	 	Eric A. Schubert
	Title:	 	Managing Director

 Signature Page to Muirfield Commitment Letter 

  

			
	SUNTRUST BANK
		
	By	 	/s/    Rich Wilson
	Name:	 	Rich Wilson
	Title:	 	Managing Director

  

			
	SUNTRUST ROBINSON HUMPHREY, INC.
		
	By	 	/s/    Christopher L. Wood
	Name:	 	Christopher L. Wood
	Title:	 	Managing Director

 Signature Page to Muirfield Commitment Letter 

 ACCEPTED AND AGREED TO AS OF THE DATE FIRST WRITTEN ABOVE: 

 

			
	MEADWESTVACO CORPORATION
		
	By:	 	/s/    Mark Rajkowski
		 	Name:
		 	Title:

 Commitment Letter 

 Exhibit A 
 Transaction Description 
 All capitalized terms used but not defined in
this Exhibit A have the meanings assigned to them in the Commitment Letter to which this Transaction Description is attached, including Exhibits B and C thereto. 
 ACCO Brands Corporation (“Augusta”) intends to acquire the C&OP Business (as defined in the Separation Agreement referred to below, the “SpinCo Business”) of
MeadWestvaco Corporation (the “Borrower”) pursuant to a merger (the “Merger”) of a newly formed subsidiary of Augusta (the “Merger Sub”) with and into a subsidiary of the Borrower formed to hold the
SpinCo Business (“SpinCo”). 
 In connection with the foregoing, it is intended that: 

 

	1.	The Borrower will borrow $270.0 million pursuant to the Bridge Facility on the terms set forth in Exhibit B. 

 

	2.	SpinCo will be established as a direct, wholly owned subsidiary of the Borrower. 

 

	3.	The Borrower will transfer the SpinCo Business to SpinCo (the “Contribution”) pursuant to a separation agreement to be entered into among the Borrower
and SpinCo (the “Separation Agreement”). 

  

	4.	In connection with the foregoing transactions, SpinCo will borrow $190.0 million pursuant to a senior secured term loan facility (the “SpinCo Term
Facility”). 

  

	5.	Upon or immediately following the Contribution, SpinCo will transfer to the Borrower and/or one or more of its affiliates, directly or indirectly, a combination of
(i) $190.0 million in cash proceeds from the incurrence of the term loans under the SpinCo Term Facility and (ii) $270.0 million in aggregate principal amount (subject to gross up to account for applicable underwriting or other fees and
original issue discount) of high yield securities of SpinCo (the “SpinCo Notes”) or, to the extent SpinCo does not issue the SpinCo Notes on the date the Merger closes (the “Merger Date”), $270.0 million in
aggregate principal amount (subject to gross up to account for applicable fees and original issue discount) of unsecured senior bridge loans of SpinCo with the terms set forth in Annex 1 to Exhibit B (the “Exchange Loans”).

  

	6.	The Borrower will distribute the stock of SpinCo (the “Spin”) to the Borrower’s stockholders pursuant to the Spin contemplated by the Separation
Agreement. 

  

	7.	Pursuant to a merger agreement among Borrower, SpinCo, Augusta and Merger Sub (including all exhibits and schedules thereto, the “Merger Agreement”),
immediately following the Contribution and the Spin, Merger Sub will merge with and into SpinCo, with SpinCo surviving as a wholly-owned subsidiary of Augusta. 

 The transactions set forth above are referred to collectively as the “Transactions.” 

  
 Exhibit A-1

 Exhibit B 
 Summary of Terms and Conditions of the Bridge Loans 
  

			
	 Borrower:
	  	MeadWestvaco Corporation (the “Borrower”).
		
	 Guarantors:
	  	All obligations under the Bridge Facility will be unconditionally guaranteed (the “Guarantees”) by each of the Borrower’s existing and subsequently acquired
or organized subsidiaries that is a Co-Borrower (as defined in the Borrower’s Existing Credit Facility (as defined below)) under that certain credit agreement, dated as of October 19, 2009, among the Borrower, the other entities party thereto,
as borrowers, the banks and financials institutions from time to time party thereto and Citibank, N.A., as administrative agent (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Existing Credit
Agreement”) (collectively, the “Guarantors”).
		
	 Joint Bookrunners and
 Joint Lead Arrangers:
	  	Barclays Capital, MLPFS, BMO Capital and STRH will act as joint bookrunners and joint lead arrangers (in such capacities, the “Arrangers”) for the Bridge Loans
and will perform the duties customarily associated with such roles.
		
	 Administrative Agent:
	  	Barclays Bank PLC will act as sole and exclusive administrative agent (in such capacity, the “Administrative Agent”) for the Lenders and will perform the duties
customarily associated with such role.
		
	 Co-Syndication Agents:
	  	Bank of America and BMO Capital will act as co-syndication agents (in such capacity, the “Co-Syndication Agents”) for the Bridge Loans and will perform the
duties customarily associated with such role.
		
	 Documentation Agent:
	  	SunTrust or at the option of the Arrangers one or more financial institutions identified by the Arrangers in consultation with the Borrower and reasonably acceptable to the
Borrower (in such capacity, the “Documentation Agent” and, together with the Administrative Agent and the Co-Syndication Agents, the “Agents”).
		
	 Lenders:
	  	Barclays Bank PLC, Bank of America, BMO, SunTrust and/or other banks, financial institutions and institutional lenders selected by the Arrangers in consultation with the Borrower
(each, a “Lender” and, collectively, the “Lenders”).
		
	 Purpose/Use of Proceeds:
	  	The proceeds of the Bridge Loans will be used for general corporate purposes, which may include the repayment of the Borrower’s outstanding indebtedness.
		
	 Amount of Bridge Loans:
	  	$270.0 million in aggregate principal amount of unsecured senior bridge loans (the “Bridge Loans”).

  
 Exhibit B-1

  

			
	 Ranking of Bridge Loans:
	  	The Bridge Loans and the Guarantees and all obligations with respect thereto will be unsecured and pari passu in right of payment to all existing and future senior debt of
the Borrower and the Guarantors.
		
	 Closing Date:
	  	 The date on or before the Termination Date on which the borrowings
 under the Bridge Facility are made (the “Closing Date”).

		
	 Maturity:
	  	The Bridge Loans will mature on the 180th
day after the Closing Date (the “Maturity Date”). In the event the exchange conditions set forth in Annex 1 to this Exhibit B are satisfied and the Bridge Loans have
not been repaid in full prior to the Merger Date, the Lenders and the Borrower agree that the Bridge Loans will be repaid in full on the Merger Date with unsecured senior loans of SpinCo (the “Exchange Loans”) held by the Borrower
having an aggregate principal amount equal to the principal amount of Bridge Loans (subject to gross up to account for applicable fees and original issue discount). Such repayment by the Borrower of Bridge Loans with Exchange Loans shall be in full
satisfaction of such Bridge Loans. In the event the Bridge Loans are not repaid with Exchange Loans, they shall be repaid in full in cash on the Maturity Date.
		
		  	The Exchange Loans will have the terms set forth in Annex 1 to this Exhibit B.
		
		  	 At any time on or after the first anniversary of the date the Exchange
 Loans are first exchanged for Bridge Loans (the “Exchange Date”), the Exchange Loans may be exchanged in whole or in part, at the option of the applicable Lender, for unsecured senior
exchange notes due 2020 (the “Exchange Notes”) having an equal principal amount. The Exchange Notes will be issued pursuant to an Indenture (as defined in Annex 2 to this Exhibit B) that will have the terms set forth on Annex 2 to
this Exhibit B.

		
	 Interest Rate:
	  	The Bridge Loans will accrue interest commencing on the Closing Date at a reserve adjusted Eurodollar Rate (as defined below) plus 150 basis points (the “Initial
Margin”). If the Bridge Loans are not repaid in full within three months following the Closing Date, the Initial Margin will increase by 50 basis points at the beginning of the subsequent three-month period.
		
		  	Interest will be payable quarterly, in arrears, and on the date of any prepayment of the Bridge Loans.
		
		  	As used herein, “reserve adjusted Eurodollar Rate” means a fluctuating rate per annum equal to (i) the rate per annum determined by the
Administrative Agent to be the offered rate appearing on the page of the Reuters Screen which displays an average British Bankers Association Interest Settlement Rate or (ii) if the rate in clause (i) above does not appear on such page or service or
if such page or service is not available, the rate per annum determined by the Administrative Agent to be the offered rate on such other page or

  
 Exhibit B-2

  

			
		  	other service which displays an average British Bankers Association Interest Settlement Rate or (iii) if the rates in clauses (i) and (ii) are not available, the Administrative
Agent’s offered quotation rate to first class banks in the London interbank market, in each case as adjusted for applicable reserve requirements.
		
	 Default Interest:
	  	Amounts not paid when due will accrue at a rate of 2.00% per annum plus the rate otherwise applicable to such amounts and will be payable on demand.
		
	 Funding Protection and Taxes:
	  	Customary for transactions of this type, including breakage costs, gross-up for tax withholding (subject to customary exclusions and exceptions including, U.S. federal
withholding arising as a result of any law in existence as of the date hereof, compensation for increased costs and compliance with capital adequacy and other regulatory restrictions (including customary Dodd-Frank and Basel III
protections).
		
	 Voluntary Prepayments:
	  	The Bridge Loans may be prepaid, in whole or in part, at the option of the Borrower at any time (except as provided below) upon two business days’ prior written notice
without premium or penalty. Voluntary prepayments may not be reborrowed.
		
	 Mandatory Prepayments:
	  	None.
		
	 Change of Control:
	  	Each holder of Bridge Loans will be entitled to require the Borrower and the Borrower must offer to repay the Bridge Loans held by such holder at the Change of Control Offer
Price (as defined below) plus accrued interest to the date of repayment, upon the occurrence of a Change of Control (to be defined in the Bridge Loan Agreement in a manner to be agreed). The “Change of Control Offer Price” will be
equal to 100.0% of the principal amount of any Bridge Loans repaid.
		
	 Representations and

Warranties:
	  	 The Bridge Loan Agreement will contain such representations and
 warranties by the Borrower in a manner to be agreed based on then prevailing market conditions and will be no more restrictive than the representations and warranties contained in the Borrower’s
existing senior secured credit facility (the “Existing Credit Facility”) with such changes as are appropriate in connection with the Bridge Loans.

		
	Covenants:	  	The Bridge Loan Agreement will include such affirmative and negative covenants in a manner to be agreed based on then prevailing market conditions and will be no more restrictive
than the covenants contained in the Existing Credit Facility with such changes as are appropriate in connection with the Bridge Loans.
		
	Financial Covenants:	  	Such financial covenants will include: minimum interest coverage and maximum leverage, in each case on levels to be agreed based on then prevailing market conditions and will be
no more restrictive than the financial covenants contained in the Existing Credit Facility with such changes as are appropriate in connection with the Bridge Loans.

  
 Exhibit B-3

  

			
	 Events of Default:
	  	The Bridge Loan Agreement will provide for such events of default in a manner to be agreed based on then prevailing market conditions and will be no more restrictive than the
events of default contained in the Existing Credit Facility with such changes as are appropriate in connection with the Bridge Loans.
		
	 Conditions Precedent to

Borrowing:
	  	The several obligations of each Lender to make, or cause an affiliate to make, Bridge Loans on the Closing Date will be subject only to (i) the conditions set forth or referred
to in Section 2 of the Commitment Letter, (ii) the accuracy of representations and warranties in all material respects and (iii) the absence of any default or event of default.
		
	 Assignments and Participations:
	  	The Lenders may assign all or any part of their respective share of the Bridge Loans to their affiliates or one or more banks, financial institutions or other entities that are
eligible assignees (to be described in the Bridge Loan Agreement), in consultation with (but without the consent of) the Borrower and which (other than in the case of assignments made by or to any of the Arrangers) are acceptable to the
Administrative Agent; provided that assignments made to another Lender, an affiliate of a Lender or of an Agent will not be subject to the above consent requirement. The Lenders will be permitted to sell participations in Bridge Loans without
restriction. Voting rights of participants shall be limited to matters in respect of (a) reductions or forgiveness of principal, interest or fees payable to such participant, (b) extensions of final maturity of, or date for payment of interest or
fees on, the loans in which such participant participates and (c) releases of all or substantially all of the value of the Guarantees.
		
	 Amendments and Required

Bridge Lenders:
	  	No amendment, modification, termination or waiver of any provision of the Bridge Loan Agreement will be effective without the written approval of Lenders holding more than 50.0%
of the aggregate amount of the then outstanding Bridge Loans (the “Required Bridge Lenders”), except that (i) the consent of each Lender adversely affected thereby will be required with respect to, among other things, matters
relating to interest rates, maturity, pro rata payment and sharing provisions and (ii) the consent of 100% of the Lenders shall be required with respect to changes of any of the voting percentages set forth in the definition of “Required Bridge
Lenders” or any similar defined term.
		
	 Indemnity and Expenses:
	  	The Bridge Loan Agreement will provide customary provisions relating to indemnity and related matters to be mutually agreed. The Borrower will also pay (i) reasonable and
documented of-pocket expenses of the Arrangers and the Agents incurred prior to, on or after

  
 Exhibit B-4

  

			
		  	the Closing Date (to be paid on the Closing Date if invoiced prior to the Closing Date, and for expenses incurred or invoiced thereafter, within 30 days of a written demand
therefor, in each case together with backup documentation supporting such reimbursement request) associated with the preparation, negotiation, execution, delivery and administration of the Loan Documents and any amendment or waiver with respect
thereto (but limited, in the case of legal fees and expenses, to the reasonable and documented fees, disbursements and other charges of one counsel to the Arrangers and the Agents, taken as a whole and, solely in the case of a conflict of interest,
one additional counsel to all affected persons taken as a whole (and, if reasonably necessary, of one local counsel in any relevant jurisdiction and of one special counsel to all such persons, taken as a whole, and, solely in the case of a conflict
of interest, one additional local and special counsel to all affected persons, taken as a whole)) and (ii) all reasonable and documented out-of-pocket expenses of the Arrangers, Agents and the Lenders within 30 days of a written demand therefor
together with reasonable backup documentation supporting such reimbursement request (but limited, in the case of legal fees and expenses, to the reasonable and documented fees, disbursements and other charges of one counsel to the Arrangers, the
Agents and the Lenders, taken as a whole and, solely in the case of a conflict of interest, one additional counsel to all affected persons taken as a whole (and, if reasonably necessary, of one local counsel in any relevant jurisdiction and of one
special counsel to all such persons, taken as a whole, and, solely in the case of a conflict of interest, one additional local and special counsel to all affected persons, taken as a whole)) in connection with the enforcement of the Loan
Documents.
		
	 Governing Law and Jurisdiction:
	  	The Bridge Loan Agreement will provide that the Borrower and the Guarantors will submit to the exclusive jurisdiction and venue of the federal and state courts of the County and
State of New York and will waive any right to trial by jury. New York law will govern the Bridge Loan Agreement.
		
	 Counsel to the Arrangers and
 the Administrative Agent:
	  	Latham & Watkins LLP.

  
 Exhibit B-5

 Annex 1 to Exhibit B 

Summary of Terms and Conditions of Exchange Loans 
 Exchange Loans 
  

			
	 Borrower:
	  	SpinCo.
		
	 Guarantors:
	  	All obligations under the Exchange Loans will be unconditionally guaranteed by each of SpinCo’s existing and subsequently acquired or organized direct or indirect domestic
subsidiaries and, after consummation of the Merger, Augusta and each of its existing and subsequently acquired subsidiaries that guarantees any other indebtedness of Augusta (including, without limitation, Augusta’s existing 7.625% senior
subordinated notes due 2015 and 10.625% senior secured notes due 2015, in each case, pursuant to the indentures governing such indebtedness) on the Merger Date.
		
	 Maturity:
	  	The Exchange Loans will mature on the date that is eight years after the Merger Date.
		
	 Interest Rate:
	  	Each Exchange Loan will bear interest at a rate equal to the Total Cap, as determined in the Fee Letter (plus default interest, if any).
		
		  	Interest will be payable quarterly, in arrears, and on the date of any prepayment of the Exchange Loans.
		
	 Default Interest:
	  	Amounts not paid when due will accrue at a rate of 2.00% per annum plus the rate otherwise applicable to such amounts and will be payable on demand.
		
	 Optional Prepayment:
	  	Until the fifth anniversary of the Merger Date, the Exchange Loans will only be prepayable at a make-whole premium calculated based on the applicable treasury rate plus 50 basis
points. Thereafter, each Exchange Loan will be prepayable at par plus accrued interest plus a premium equal to one half of the coupon on such Exchange Loan, which premium will decline ratably on each anniversary of the Merger Date to zero on the
date that is one year prior to the maturity of the Exchange Loans.
		
	 Offer to Repurchase:
	  	The agreement governing the Exchange Loans (the “Exchange Loan Agreement”) will require that SpinCo offer to each holder of Exchange Loans to prepay the Exchange
Loans held by such holder at a price of 100.0% of the principal amount of Exchange Loans prepaid plus accrued interest to the date of prepayment with the proceeds of any future asset sales (subject to certain ordinary course exceptions, baskets and
customary reinvestment rights to be agreed based on then prevailing market conditions).

  
 Exhibit B-1-1

  

			
	 Change of Control:
	  	Each holder of Exchange Loans will be entitled to require SpinCo and SpinCo must offer to repay the Exchange Loans held by such holder at the Change of Control Offer Price (as
defined below) plus accrued interest to the date of repayment, upon the occurrence of a Change of Control (to be defined in the Exchange Loan Agreement in a manner to be agreed). The “Change of Control Offer Price” will be equal to
101.0% of the principal amount of any Exchange Loans repaid.
		
	 Covenants:
	  	The Exchange Loan Agreement will include such affirmative and negative covenants in a manner to be agreed based on then prevailing market conditions.
		
	 Events of Default:
	  	The Exchange Loan Agreement will provide for such events of default in a manner to be agreed based on then prevailing market conditions.
		
	 Assignments and Participations:
	  	The Lenders may assign all or any part of their respective share of the Exchange Loans to their affiliates or one or more banks, financial institutions or other entities that are
eligible assignees (to be described in the Exchange Loan Agreement), in consultation with (but without the consent of) SpinCo and which (other than in the case of assignments made by or to any of the Arrangers) are acceptable to the administrative
agent relating to the Exchange Loans; provided that assignments made to another Lender, an affiliate of a Lender or of an agent relating to the Exchange Loans will not be subject to the above consent requirement. The Lenders will be permitted
to sell participations in Exchange Loans without restriction. Voting rights of participants shall be limited to matters in respect of (a) reductions or forgiveness of principal, interest or fees payable to such participant, (b) extensions of final
maturity of, or date for payment of interest or fees on, the loans in which such participant participates and (c) releases of all or substantially all of the value of the guarantees with respect to the Exchange Loans.
		
	 Amendments and Required

Exchange Lenders:
	  	No amendment, modification, termination or waiver of any provision of the Exchange Loan Agreement will be effective without the written approval of Lenders holding more than
50.0% of the aggregate amount of the then outstanding Exchange Loans (the “Required Exchange Lenders”), except that (i) the consent of each Lender adversely affected thereby will be required with respect to, among other things,
matters relating to interest rates, maturity, pro rata payment and sharing provisions and (ii) the consent of 100% of the Lenders shall be required with respect to changes of any of the voting percentages set forth in the definition of
“Required Exchange Lenders” or any similar defined term.
		
	 Exchange Conditions:
	  	No exchange of any Bridge Loans for Exchange Loans shall occur (1) during the pendency of a payment default with respect to the Bridge Loans or (2) if the Funding Fee (as defined
in the Fee Letter) shall not have been paid (or be substantially simultaneously paid) on the Exchange Date.

  
 Exhibit B-1-2

  

			
		 	 In addition, the exchange of any Bridge Loans for Exchange Loans shall be conditioned upon:

 
 (i) the Contribution and the Merger and each of the other Transactions having been
consummated in accordance with the Merger Agreement, the Separation Agreement and the terms described in this Commitment Letter; provided that no amendment, modification or waiver of any term thereof (other than any such amendment,
modification or waiver that is not materially adverse to the interests of the Arrangers and the Lenders, taken as a whole) shall be made or granted, as the case may be, without the prior written consent of the Administrative Agent (not to be
unreasonably withheld or delayed) (it being understood that any change in the price over 10% (including any price decrease over 10%) will be deemed to be materially adverse to the interests of the Lenders and will require the prior written consent
of the Administrative Agent);
  
 (ii) the Arrangers shall have received (i)
unqualified audited consolidated balance sheets and related consolidated statements of income, shareholders’ equity and cash flows of Augusta and SpinCo and their respective subsidiaries for each of the three most recently completed fiscal
years ending more than 90 days prior to the Merger Date, (ii) unaudited consolidated balance sheets and related consolidated statements of income, shareholders’ equity and cash flows for any quarterly interim period or periods (other than the
fourth fiscal quarter of Augusta’s and SpinCo’s fiscal year) of Augusta and SpinCo and their respective subsidiaries ending more than 45 days prior to the Closing Date, together with unaudited consolidated balance sheets and related
consolidated statements of income, shareholders’ equity and cash flows for the corresponding period of the most recently completed fiscal year (all of which shall have been reviewed by the independent accountants for Augusta and SpinCo (as
applicable) as provided in the Statement on Auditing Standards No. 100), (iii) customary additional unqualified audited and unaudited financial statements for all recent, probable or pending acquisitions and (iv) a pro forma consolidated balance
sheet and related pro forma consolidated statements of income of Augusta and its subsidiaries (a) as of the last day of and for the most recently completed fiscal year ended at least 90 days before the Merger Date, (b) as of the last day of and for
the most recently completed fiscal quarter ended at least 45 days before the Merger Date, and (c) as of the last day of and for the twelve-month period ending on the last day of the most recently completed fiscal quarter ended at least 45 days
before the Merger Date, or, if the most recently completed fiscal period is the end of a fiscal year, ended at least 90 days before the Merger Date, in each case prepared after giving effect to the Transactions as if the Transactions had occurred as
of such date (in the case of each such balance sheet) or at the beginning of such period (in the case of each such statement of income), and in each case contemplated by clauses (i), (ii), (iii) and (iv) meeting the requirements of Regulation S-X
for Form S-1 registration statements;

  
 Exhibit B-1-3

  

			
		
		 	 (iii) (a) the Arrangers and one or more banking or investment banking institutions of national prominence (the “Financial
Institutions”) party to that certain engagement letter dated as of the date hereof between Augusta and the Financial Institutions shall have received a customary offering memorandum and other presentation materials (collectively, the
“High Yield Marketing Materials”) suitable for use in a customary “high yield road show” relating to the placing or selling the SpinCo Notes, including audited financial statements, pro forma financial statements
and other financial data of the type and form customarily included in offering memoranda, prospectuses and similar documents, prepared in accordance with Regulation S-X and Regulation S-K under the Securities Act (other than Rule 3-10 of Regulation
S-X (to the extent not then currently available)), as well as drafts of customary comfort letters by auditors of SpinCo and Augusta, which such auditors are prepared to issue upon completion of customary procedures and (b) SpinCo and Augusta shall
have used commercially reasonable efforts to make available appropriate senior management, representatives and advisors of SpinCo and Augusta for the “high yield road show” referred to in clause (a), in the case of all of the foregoing by
a date sufficient to afford the Financial Institutions a period of at least 20 consecutive business days following the receipt of the High Yield Marketing Materials (the “Marketing Period”), the confidential information memorandum
and the Moody’s and S&P ratings to place the SpinCo Notes prior to the Merger Date; provided that such period will not include any date from and including November 21, 2011 through and including November 28, 2011, from and
including December 19, 2011 through and including January 3, 2012 and from and including August 20, 2012 through and including August 30, 2012; and
  

(iv) the Borrower using commercially reasonable efforts to obtain from Moody’s Investors Service, Inc. (“Moody’s”) and Standard
& Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business (“S&P”), prior to the beginning of the Marketing Period, a credit rating for the SpinCo Notes.

  
 Exhibit B-1-4

 Annex 2 to Exhibit B 

Summary of Terms and Conditions of Exchange Notes 
 Exchange Notes 
 SpinCo will issue Exchange Notes under an indenture (the
“Indenture”) that complies with the Trust Indenture Act of 1939, as amended. SpinCo will appoint a trustee reasonably acceptable to the Lenders. 
  

			
	 Issuer:
	  	SpinCo (the “Issuer”).
		
	 Guarantors:
	  	Same as Exchange Loans.
		
	 Maturity Date:
	  	Same as Exchange Loans.
		
	 Interest Rate:
	  	Each Exchange Note will bear interest at a rate equal to the Total Cap, as determined in the Fee Letter (plus default interest, if any). Interest will be payable semiannually in
arrears. Additional default interest will accrue on amounts not paid when due at a rate of 2.00% per annum.
		
	 Optional Redemption:
	  	Same as Exchange Loans.
		
	 Defeasance Provisions of

Exchange Notes:
	  	Usual and customary for high yield securities in a manner to be agreed based on then prevailing market conditions.
		
	 Modification:
	  	Usual and customary for high yield securities in a manner to be agreed based on then prevailing market conditions.
		
	 Offer to Repurchase:
	  	Same as Exchange Loans.
		
	 Change of Control:
	  	Same as Exchange Loans.
		
	 Registration Rights:
	  	The Issuer will file within 180 days after the Exchange Date and will use its best efforts to cause to become effective as soon thereafter as practicable, a shelf registration
statement with respect to the Exchange Notes (a “Shelf Registration Statement”). If a Shelf Registration Statement is filed, the Issuer will keep such registration statement effective and available (subject to customary exceptions).
After a Shelf Registration Statement has been declared effective, the Issuer may permit its effectiveness to lapse if it is no longer needed to permit unrestricted resales of all of the Exchange Notes. If within 270 days after the Exchange Date (the
“Effectiveness Deadline”) a Shelf Registration Statement for the Exchange Notes has not been declared effective, then the Issuer and the Guarantors, jointly and severally, will pay liquidated damages in the form of increased
interest of 25 basis points per annum on the principal amount of Exchange Notes and Bridge Loans outstanding to holders of such Exchange Notes and Bridge Loans who are unable freely to transfer Exchange Notes from and including the
Effectiveness Deadline to but excluding the

  
 Exhibit B-2-1

  

			
		  	effective date of such Shelf Registration Statement. On the 90th day after the Effectiveness Deadline, the liquidated damages will increase by 25 basis points per annum, and on
each 90-day anniversary of the Effectiveness Deadline thereafter, will increase by 25 basis points per annum, to a maximum increase in interest of 100 basis points per annum. The Issuer will also pay such liquidated damages for any
period of time (subject to customary exceptions) following the effectiveness of a Shelf Registration Statement that such Shelf Registration Statement is not available for sales thereunder. All accrued liquidated damages will be paid in arrears on
each quarterly interest payment date.
		
		  	In lieu of a Shelf Registration Statement, the Issuer at its option may file a registration statement (the “Exchange Registration Statement”) with respect to
notes having terms identical to the Exchange Notes (the “Substitute Notes”) to effect a registered exchange offer (the “Registered Exchange Offer”) in which the Issuer offers to holders of Exchange Notes registered
Substitute Notes in exchange for the Exchange Notes (it being understood that a Shelf Registration Statement would be required to be made available in respect of Exchange Notes the holders of which could not receive Substitute Notes through the
Registered Exchange Offer that, in the opinion of counsel, would be freely saleable by such holders without registration or requirement for delivery of a current prospectus under the Securities Act of 1933, as amended (other than a prospectus
delivery requirement imposed on a broker-dealer who is exchanging Exchange Notes acquired for its own account as a result of market making or other trading activities)). In such case, if the Exchange Registration Statement has not been declared
effective and an exchange offer for the Exchange Notes pursuant to the Exchange Registration Statement has not been consummated by the Effectiveness Deadline, the Issuer will pay liquidated damages in the form of increased interest for the same
periods and at the same rates as described in the previous paragraph.
		
	 Covenants:
	  	Same as Exchange Loans.
		
	 Events of Default:
	  	Same as Exchange Loans.

  
 Exhibit B-2-2

 Exhibit C 
 Summary of Conditions Precedent to the Bridge Facility 
  

	1.	Transaction Documents. The terms of the Merger Agreement and the Separation Agreement shall be reasonably satisfactory to the Arrangers (it being agreed that the
Merger Agreement dated November 17, 2011 and the Separation Agreement dated November 17, 2011 provided to the Arrangers prior to the date hereof are reasonably satisfactory to the Arrangers). 

 

	2.	Financial Statements. The Arrangers shall have received (i) unqualified audited consolidated balance sheets and related consolidated statements of income,
shareholders’ equity and cash flows of the Borrower and its subsidiaries for each of the three most recently completed fiscal years ending more than 90 days prior to the Closing Date and (ii) unaudited consolidated balance sheets and
related consolidated statements of income, shareholders’ equity and cash flows for any quarterly interim period or periods (other than the fourth fiscal quarter of the Borrower’s fiscal year) of the Borrower and its subsidiaries ending
more than 45 days prior to the Closing Date, together with unaudited consolidated balance sheets and related consolidated statements of income, shareholders’ equity and cash flows for the corresponding period of the most recently completed
fiscal year (all of which shall have been reviewed by the independent accountants for the Borrower (as applicable) as provided in the Statement on Auditing Standards No. 100), and in each case contemplated by clauses (i) and
(ii) meeting the requirements of Regulation S-X for Form S-1 registration statements. 

  

	3.	Definitive Documents; Customary Closing Conditions. The definitive loan documents relating to the Bridge Facility, including without limitation a bridge loan
agreement, guarantees and other related definitive documents (collectively, the “Loan Documents”) shall have been prepared by the Arrangers’ counsel based upon and substantially consistent with the terms set forth in this
Commitment Letter and otherwise reasonably satisfactory to the Commitment Party and the Arrangers and shall have been executed and delivered by the Borrower and each of its subsidiaries party thereto. The Arrangers shall be reasonably satisfied that
the Borrower has complied with all other customary closing conditions for bridge loan financings of this kind, as follows: (i) the delivery of customary legal opinions, corporate records and documents from public officials and customary
officers’ certificates; (ii) customary evidence of authority; (iii) if such would otherwise be required by the Closing Date (other than with respect to the making of the Bridge Loans), obtaining material third party and governmental
consents necessary in connection with the Merger, the related transactions or the financing thereof, including the transactions contemplated by this Commitment Letter and the Fee Letter; (iv) absence of litigation or regulatory action
materially affecting the Merger, the related transactions or the financing thereof, including the transactions contemplated by this Commitment Letter and the Fee Letter; (v) the Borrower and its subsidiaries on a consolidated basis will, on a
pro forma basis, be solvent and delivery of a solvency certificate as of the Closing Date in a customary form reasonably satisfactory to the Administrative Agent to that effect from the chief financial officer of the Borrower;
(vi) satisfaction of the conditions set forth under the caption “Conditions Precedent to Initial Borrowing” in Exhibit B; (vii) payment of all fees and expenses set forth in this Commitment Letter and the Fee Letter; and
(viii) each Lender shall have received at least five (5) days prior to the Closing Date all documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money
laundering rules and regulations, including the Patriot Act that has been reasonably requested by the Lenders at least ten (10) days in advance of the Closing Date. 

  
 Exhibit C-1

	4.	Proxy Materials. The Arrangers shall have a received a copy of the definitive proxy statement and forms of proxies distributed to stockholders in connection with
the Merger and the other Transactions. 

  
 Exhibit C-2Commitment Letter

 Exhibit 10.7 
 EXECUTION COPY 
  

					
	 BARCLAYS CAPITAL
 745 Seventh Avenue
 New York, New York 10019
	  	 MERRILL LYNCH, PIERCE,
 FENNER & SMITH
 INCORPORATED

BANK OF AMERICA, N.A.
 One Bryant Park
 New York, New York 10036
	  	 BANK OF MONTREAL
 BMO CAPITAL
 MARKETS

115 South LaSalle Street
 Chicago, IL 60603

	
	 SUNTRUST BANK
 303 Peachtree Street, NE
 Atlanta, GA 30308

 PERSONAL AND CONFIDENTIAL 
 January 13, 2012 
 ACCO Brands Corporation 

300 Tower Parkway 
 Lincolnshire, IL
60049 
 Attention: General Counsel  
 Second Amended and Restated Commitment Letter (SpinCo) 
 Ladies and Gentlemen:

 This second amended and restated commitment letter (together with Exhibits A, B, and C hereto, the “Commitment Letter”)
amends, restates and supersedes that certain amended and restated commitment letter dated as of December 13, 2011 (the “Original Commitment Letter”) from Barclays Capital (“Barclays Capital”), the investment
banking division of Barclays Bank PLC (“Barclays Bank” and, together with Barclays Capital, “Barclays”), Bank of America, N.A. (“Bank of America”), Merrill Lynch, Pierce, Fenner & Smith
Incorporated (“MLPFS”) and Bank of Montreal (“BMO”) to ACCO Brands Corporation (the “Acquiror”, “Augusta” or “you”). You have advised Barclays, Bank of America,
MLPFS, BMO, SunTrust Bank (“SunTrust” and, together with Barclays, Bank of America, MLPFS and BMO, the “Commitment Parties”, “we” or “us”), that you intend to acquire the SpinCo Business by
merger (the “Merger”) of a newly formed subsidiary of Acquiror (“Merger Sub”) with and into a subsidiary of MeadWestvaco Corporation (the “Seller”) formed to hold the SpinCo Business (the
“Borrower”) immediately following the distribution of the stock of the Borrower (the “Spin”) by the Seller to its stockholders, all as more fully described in the transaction description attached hereto as Exhibit A (the
“Transaction Description”), and in connection therewith, you, the Seller and the Borrower intend to consummate the Transactions referred to in the Transaction Description. Capitalized terms used but not defined herein have the
meaning assigned to them in the Transaction Description, the Summary of Principal Terms and Conditions of the Term Loans attached hereto as Exhibit B (the “Term Loan Term Sheet and the conditions precedent set forth in Exhibit C.

 You have also advised us that, in connection with the Transactions and subject to the conditions set forth in this Commitment Letter,
(i) the Borrower will borrow up to $190.0 million in aggregate principal amount of senior secured term loans having the terms set forth in Exhibit B (the “Term Facility”) and (ii) the Borrower will issue up to $270.0
million in aggregate principal amount of SpinCo Notes (as defined in Exhibit A) or, in the event the SpinCo Notes are not issued at the time the Merger is consummated, borrow $270.0 million in aggregate principal amount of Exchange Loans (as defined
in Exhibit A). 

  
 1 

 January 13, 2012 
 ACCO Brands Corporation 
  

 This Commitment Letter supersedes the Original Commitment Letter in full and, upon execution of this
Commitment Letter, the Original Commitment Letter will no longer have any force or effect. 
 1. Commitments and Agency Roles 

 You hereby appoint Barclays Bank to act, and Barclays Bank hereby agrees to act, as sole and exclusive administrative agent (in such capacity,
the “Administrative Agent”) and collateral agent (in such capacity, the “Collateral Agent”) for the Term Facility. You hereby appoint each of Barclays Capital, MLPFS and Bank of Montreal, acting under its trade name
BMO Capital Markets (“BMO Capital”), to act, and each of Barclays Capital, MLPFS and BMO Capital hereby agree to act, as joint lead arrangers and joint bookrunners (in such capacities, the “Arrangers”) for the Term
Facility. Each of the Arrangers, the Collateral Agent, the Documentation Agent (as defined in Exhibit B), the Co-Syndication Agents (as defined in Exhibit B) and the Administrative Agent will have the rights and authority customarily given to
financial institutions in such roles. In connection with the Transactions contemplated hereby, (i) Barclays is pleased to advise you of its commitment to provide 56.5% of the aggregate principal amount of the Term Facility, (ii) Bank of
America is pleased to advise you of its commitment to provide 25% of the aggregate principal amount of the Term Facility, (iii) BMO is pleased to advise you of its commitment to provide 15% of the aggregate principal amount of the Term Facility
and (iv) SunTrust is pleased to advise you of its commitment to provide 3.5% of the aggregate principal amount of the Term Facility, in each case on the terms and subject to the conditions set forth in this Commitment Letter and the Fee Letter
(as defined below). The commitments of each Commitment Party are several and not joint. 
 Our fees for services related to the Term Facility
are set forth in a separate fee letter (the “Fee Letter”) between you and us entered into on the date hereof. As consideration for the execution and delivery of this Commitment Letter by us, you agree to pay the fees and expenses
set forth in Exhibit B and in the Fee Letter as and when payable in accordance with the terms hereof and thereof. In addition, pursuant to an engagement letter reasonably satisfactory to the Arrangers (the “Engagement Letter”)
between you and one or more banking or investment banking institutions of national prominence reasonably acceptable to us (collectively, the “Financial Institutions”) entered into on or prior to the date hereof, you have engaged the
Financial Institutions to act as underwriters, initial purchasers and/or placement agents in connection with any public offering or private placement of the SpinCo Notes. You agree that no other titles will be awarded and no compensation will be
paid (other than as expressly contemplated by this Commitment Letter and the Fee Letter) in connection with the Term Facility unless you and we shall so agree; provided, however, that Barclays Capital will be the Lead Arranger and will
have “lead left” placement on all marketing materials related to the Term Facility and will perform the duties and exercise the authority customarily performed and exercised by them in such role, including acting as sole manager of the
physical books. 
 2. Conditions Precedent  
 Our commitments hereunder and our agreements to perform the services described herein are subject only to the following conditions: (i) there shall not have occurred, since December 31, 2010, a
Material Adverse Effect on the C&OP Business (as defined in the Separation Agreement), (ii) the conditions set forth under the caption “Conditions Precedent to Initial Borrowing” in Exhibit B and (iii) the conditions set
forth in Exhibit C. For purposes hereof, a “Material Adverse Effect” means any change, development, event, occurrence, effect or state of facts that, individually or in the aggregate with all such other changes, developments,
events, occurrences, effects or states of facts is, or is reasonably likely to be, materially adverse to the business, financial condition or results of operations of the C&OP Business (as defined in the Separation Agreement); provided
that none of the following shall be deemed either alone or in combination to constitute, or be taken into account in determining whether there has been, or is reasonably likely to be, a material adverse effect: any change, development, event,
occurrence, effect or 

  
 2 

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 ACCO Brands Corporation 
  

 
state of facts arising out of or resulting from (i) capital market conditions generally or general economic conditions, including with respect to interest rates or currency exchange rates,
(ii) geopolitical conditions or any outbreak or escalation of hostilities, acts of war or terrorism occurring after the date of this Commitment Letter, (iii) any hurricane, tornado, flood, earthquake or other natural disaster occurring
after the date of this Commitment Letter, (iv) any change in applicable laws or generally accepted accounting principles (or authoritative interpretation thereof) which is proposed, approved or enacted after the date of this Commitment Letter,
(v) general conditions in the industries in which the C&OP Business operates, (vi) the announcement and pendency of the Merger Agreement and the transactions contemplated thereby, including any lawsuit in respect thereof, compliance
with the covenants or agreements contained therein, and any loss of or change in relationship with any customer, supplier, distributor, or other business partner, or departure of any employee or officer, of the C&OP Business, and (vii) any
Excluded Asset (as defined in the Merger Agreement) or Excluded Liability (as defined in the Merger Agreement), except, in the cases of clauses (i) and (v), to the extent that such change, development, event, occurrence, effect or state of
facts has a materially disproportionate effect on the C&OP Business, as compared with other participants in the industries in which the C&OP Business operates (in which case the incremental disproportionate impact or impacts may be deemed
either alone or in combination to constitute, or be taken into account in determining whether there has been, or is reasonably likely to be, a Material Adverse Effect). 
 Notwithstanding anything in this Commitment Letter, the Fee Letter, the Loan Documents (as defined in Exhibit C) or any other letter agreement or other undertaking between you and us concerning the
financing of the Transactions to the contrary, (i) the only representations the accuracy of which will be a condition to the availability of the Term Facility on the Closing Date will be (a) the representations made by or with respect to
the SpinCo Business in the Merger Agreement (but only to the extent that the breach of such representations and warranties would permit Augusta (or its applicable affiliate) not to close the Merger as a result of a failure of such representation and
warranty in the Merger Agreement to be true and correct) and (b) the Specified Representations (as defined below) and (ii) the terms of the Loan Documents will be in a form such that they do not impair the availability of the Term Facility
on the Closing Date if all conditions expressly set forth in this Commitment Letter are satisfied (it being understood that, to the extent that a security interest in any collateral is not or can not be created or perfected on the Closing Date
(other than (i) to the extent that a lien on such collateral may under applicable law be created upon closing by the execution and delivery of a customary personal property security agreement, (ii) to the extent that a lien on such
collateral may under applicable law be perfected upon closing by the filing of financing statements under the Uniform Commercial Code or by filings with the United States Patent and Trademark Office or the United Stated Copyright Office and
(iii) the perfection of security interests in the capital stock of Borrower’s domestic subsidiaries with respect to which a lien may be perfected upon closing by delivery of certificated securities) after your commercially reasonable
efforts to do so or without undue burden or expense, then the creation or perfection, as the case may be, of such security interest shall not constitute a condition precedent to the Term Facility on the Closing Date but shall be required to be
accomplished under the Term Facility within 90 days (or such longer period as the Administrative Agent may agree) after the Closing Date pursuant to arrangements to be mutually agreed); provided, however, that nothing in the preceding
clause (ii) shall be construed to limit the individual conditions expressly set forth in Exhibit C. For purposes hereof, “Specified Representations” means the representations and warranties referred to in Exhibit B relating to
organization; requisite power and authority (as they relate to due authorization, execution, delivery and performance of the Loan Documents); qualification; due authorization, execution and delivery and enforceability of the Loan Documents; no
conflicts of the Loan Documents with organizational documents or applicable law; binding obligation; Investment Company Act; Federal Reserve margin stock regulations; solvency as of the Closing Date (after giving effect to the Transactions) of
Augusta, the Borrower and its subsidiaries on a consolidated basis; senior indebtedness; Patriot Act, OFAC and other similar money laundering or anti-terrorism laws; and security documents (subject to exceptions set forth in this paragraph and the
Term Sheets and permitted liens to be agreed). 

  
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 ACCO Brands Corporation 
  

 3. Syndication  
 The Arrangers intend and reserve the right to syndicate the Term Facility to the Lenders (as such term is defined in Exhibit B); provided that, unless otherwise agreed by you, except as otherwise
set forth in Section 6 below, no assignment prior to the Closing Date will reduce or release any Commitment Party’s obligation to fund its commitment in the event any assignee shall fail to do so on the Closing Date it being understood
that nothing in this proviso will restrict participations on customary terms). The Arrangers will lead the syndication, including determining the timing of all offers to prospective Lenders, any title of agent or similar designations or roles
awarded to any Lender and the acceptance of commitments, the amounts offered and the compensation provided to each Lender from the amounts to be paid to the Arrangers pursuant to the terms of this Commitment Letter and the Fee Letter, and will in
consultation with you determine the final commitment allocations. You agree to use commercially reasonable efforts to ensure that the Arrangers’ syndication efforts benefit from existing lending and investment banking relationships of the
Borrower and you. To facilitate an orderly and successful syndication of the Term Facility, you agree that, until the earlier of (a) a Successful Syndication (as defined in the Fee Letter) and (b) 90 days following the Closing Date, you
will not, and agree to use commercially reasonable efforts to ensure that the Borrower will not, syndicate or issue, attempt to syndicate or issue, announce or authorize the announcement of the syndication or issuance of any bank financings or any
debt security of you or the Borrower or any of your or its respective subsidiaries, including any renewal or refinancing of any existing bank financing or debt security (other than the Term Facility, the SpinCo Notes, the Exchange Loans, the Amended
Existing ABL Facility (as defined in the Augusta Commitment Letter (as defined below)), the financings covered within the scope of the Augusta Commitment Letter (as defined below) and any bank loan financing covered within the scope of the
Engagement Letter), in each case that could reasonably be expected to materially impair the primary syndication of the Term Facility (as determined by the Arrangers). 
 You agree to, and agree to use commercially reasonable efforts to obtain contractual undertakings from the Borrower to, cooperate with, and provide information reasonably required by, the Arrangers in
connection with all syndication efforts, including: (i) assisting in the preparation by you and the Borrower, as soon as practicable after the date of this Commitment Letter, of a confidential information memorandum for the Term Facility
customary for transactions of this type and other customary presentation materials (including lender presentations) to be used in connection with the syndication (collectively, “Facility Marketing Materials”) reasonably acceptable
in form and content to the Arrangers regarding the business, operations, financial projections and prospects of the SpinCo Business and Augusta (including the financial information and projections described in Exhibit C) including without limitation
the delivery of all information relating to the Transactions prepared by or on behalf of the Borrower and Augusta that the Arrangers deem reasonably necessary to complete the syndication of the Term Facility and a confidential information memorandum
acceptable in format and content to the Arrangers for use in bank meetings and other communications with prospective Lenders in connection with the syndication of the Term Facility; (ii) using commercially reasonable efforts to obtain, and your
using commercially reasonable efforts to cause the Borrower to assist in obtaining, from Moody’s Investor Service, Inc. (“Moody’s”) and Standard & Poor’s Ratings Services, a Standard & Poor’s
Financial Services LLC business (“S&P”), prior to the launch of the general syndication, a corporate family rating and a credit rating for the Term Facility; (iii) arranging for direct communications with prospective
Lenders in connection with the syndication of the Term Facility (including without limitation direct contact between appropriate senior management, representatives and advisors of you (and using commercially reasonable efforts to cause direct
contact with appropriate senior management, representatives and advisors of the Borrower and the Seller) and participation of such persons in such 

  
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 ACCO Brands Corporation 
  

 
meetings), in all cases at times mutually agreed upon; and (iv) hosting (including any preparations with respect thereto) with the Arrangers at places and times reasonably requested by the
Arrangers one or more meetings (or, if you and we shall agree, conference calls in lieu of any such meetings) with prospective Lenders. You agree that the Arrangers have the right to place advertisements in financial and other newspapers at their
own expense describing their services to you and the Borrower. 
 You will be solely responsible for the contents of the Facility Marketing
Materials and all other information, documentation or other materials delivered to us in connection therewith and you acknowledge that we will be using and relying upon such information without independent verification thereof. 

You understand that certain prospective Lenders (such Lenders, “Public Lenders”) may have personnel that do not wish to receive MNPI (as
defined below). At the Arrangers’ request, you agree to assist in the preparation of an additional version of the Facility Marketing Materials that does not contain material non-public information concerning the Seller, the Borrower, Augusta or
their respective subsidiaries or affiliates or their respective securities (collectively, “MNPI”) which is suitable to make available to Public Lenders. You acknowledge and agree that the following documents may be distributed to
Public Lenders (except to the extent the Borrower or you notify us to the contrary and provided that the Borrower and you shall have been given a reasonable opportunity to review such documents and comply with the U.S. Securities and Exchange
Commission disclosure requirements): (a) drafts and final versions of the Loan Documents; (b) administrative materials prepared by the Arrangers or the Administrative Agent for prospective Lenders (including without limitation a lender
meeting invitation, allocations and funding and closing memoranda); and (c) term sheets and notification of changes in the terms and conditions of the Term Facility. Before distribution of any Facility Marketing Materials in connection with the
syndication of the Term Facility (i) to prospective Lenders that are not Public Lenders, you will provide us with a customary letter authorizing the dissemination of such materials and (ii) to prospective Public Lenders, you will provide
us with a customary letter authorizing the dissemination of information that does not contain MNPI (the “Public Information Materials”) to Public Lenders and confirming the absence of MNPI therein. In addition, at Arrangers’
request, you will identify Public Information Materials by marking the same as “PUBLIC” (it being understood that you shall not otherwise be under any obligation to mark information as “PUBLIC”) and you and we agree that any
information and projections that are not specifically identified as “PUBLIC” shall be deemed as being suitable only for dissemination to prospective Lenders who wish to receive MNPI in connection with the syndication of the Term Facility.

 It is agreed that the completion of the Successful Syndication (as defined in the Fee Letter) of the Term Facility prior to the initial
funding under the Term Facility will not be a condition to the Commitment Parties commitments hereunder. 
 4. Information  

You represent, warrant and covenant (with respect to information provided by the Borrower and its representatives, to your knowledge) that (i) all
written information (other than projections and other forward-looking information and information of a general economic or industry-specific nature) that has been or will be provided by or on behalf of you, the Borrower or any of your or its
representatives to the Arrangers, the Commitment Parties, the Lenders or any of their respective affiliates in connection with the Transactions, when taken as a whole, is and will be, when furnished, complete and correct in all material respects and
does not and will not, when taken as a whole, when furnished, contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein not misleading in the light of the circumstances under
which such statements are made (after giving effect to all supplements and updates thereto from time to time) and (ii) the financial projections 

  
 5 

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 ACCO Brands Corporation 
  

 
and other forward-looking information that have been or will be made available directly or indirectly by or on behalf of you, the Borrower or any of your or its representatives to the Arrangers,
the Commitment Parties, the Lenders or any of their respective affiliates have been and will be prepared in good faith based upon assumptions that are believed by the preparer thereof to be reasonable when furnished (it being agreed by the
Arrangers, the Commitment Parties, the Lenders and any of your or their respective affiliates relying on this provision, that such projections and forward-looking information are not to be viewed as facts and are subject to significant uncertainties
and contingencies many of which are beyond your control, that no assurance can be given that any particular projection or forward-looking information will be realized, that actual results may differ and that such differences may be material). You
agree that if at any time prior to the Closing Date any of the representations in the preceding sentence would be incorrect in any material respect if the information and projections were being furnished, and such representations were being made, at
such time, then you will promptly supplement, or cause to be supplemented, the information and projections so that such representations will be correct in all material respects in the light of the circumstances in which such statements are made. You
understand that in providing our services pursuant to this Commitment Letter we may use and rely on the information and projections without independent verification thereof. 
 5. Indemnification  
 To induce us to enter into this Commitment Letter and the Fee Letter
and to proceed with the documentation of the Term Facility, you hereby agree to indemnify and hold harmless the Administrative Agent, the Collateral Agent, the Arrangers and each other agent or co-agent (if any) designated pursuant to the terms
hereof, each Lender (including any Commitment Party) and their respective affiliates and each partner, trustee, shareholder, director, officer, employee, advisor, representative, agent, attorney and controlling person thereof (each of the above, an
“Indemnified Person”) from and against any and all actions, suits, proceedings (including any investigations), claims, losses, damages, liabilities or expenses (including legal expenses as set forth below), joint or several, of any
kind or nature whatsoever that may be brought or threatened by you, the Borrower, the Guarantors (as defined in Exhibit B), any of their respective affiliates or any other person or entity and which may be incurred by or asserted against or involve
any Indemnified Person (whether or not any Indemnified Person is a party to such action, suit, proceeding or claim) as a result of or arising out of or in any way related to or resulting from the Merger, this Commitment Letter, the Fee Letter, the
Term Facility, the Transactions or any related transaction contemplated hereby or thereby or any use or intended use of the proceeds of the Term Facility, and to reimburse each Indemnified Person within 30 days of a written demand therefor, together
with reasonable backup documentation supporting such reimbursement request (but limited, in the case of legal fees and expenses, to the reasonable and documented fees, disbursements and other charges of one counsel to such Indemnified Persons taken
as a whole and, solely in the case of a conflict of interest, one additional counsel to all affected Indemnified Persons taken as a whole (and, if reasonably necessary, of one local counsel in any relevant jurisdiction and of one special counsel to
all such persons, taken as a whole and, solely in the case of a conflict of interest, additional local and special counsel to all similarly affected Indemnified Persons taken as a whole); provided that you will not have to indemnify an
Indemnified Person against any action, suit, proceeding, investigation, claim, loss, damage, liability or expense (x) to the extent the same resulted from the gross negligence or willful misconduct of such Indemnified Person or a material
breach in bad faith by such Indemnified Person of its obligations under this Commitment Letter or the Fee Letter (in each case, to the extent determined by a court of competent jurisdiction in a final and non-appealable judgment) or (y) if such
dispute is solely between Indemnified Parties or their respective affiliates, directors, officers, employees, agents or controlling persons and arises out of, or in connection with, any action, suit, proceeding or claim that does not involve an act
or omission by you or any of your affiliates other than any action, suit, proceeding or claim against any Indemnified Person in its capacity or in fulfilling its role as an agent, arranger or similar role under the Term Facility. Notwithstanding any
other provision of this Commitment Letter, no Indemnified Person will be 

  
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responsible or liable to you or any other person or entity for damages arising from the use by others of any information or other materials obtained through internet, electronic,
telecommunications or other information transmission systems (except to the extent the same resulted from the gross negligence or willful misconduct of such Indemnified Person or a material breach in bad faith by such Indemnified Person of its
obligations under this Commitment Letter or the Fee Letter (in each case, to the extent determined by a court of competent jurisdiction in a final and non-appealable judgment)). 
 Your indemnity and reimbursement obligations under this Section 5 will be in addition to any liability which you may otherwise have and will be binding upon and inure to the benefit of the
successors, assigns, heirs and personal representatives of you and the Indemnified Persons. 
 None of us, the Indemnified Persons, you, the
Borrower, or any of your or its affiliates or Representatives (as defined below) will be responsible or liable to any other person or entity for any indirect, special, punitive or consequential damages that may be alleged as a result of the Merger,
this Commitment Letter, the Fee Letter, the Term Facility or the Transactions; provided that nothing contained in this sentence shall limit your indemnification obligations to the extent set forth above. 

6. Assignments  
 This Commitment Letter
may not be assigned by you without the prior written consent of the Arrangers (and any purported assignment without such consent will be null and void), is intended to be solely for the benefit of the parties hereto and any Indemnified Person and is
not intended to confer any benefits upon, or create any rights in favor of, any person (including your equity holders, employees or creditors) other than the parties hereto (and any Indemnified Person). Each Commitment Party may assign its
commitments and agreements hereunder, in whole or in part, to any of its affiliates, additional Arrangers or any Lender (including without limitation as provided in Section 3 above); provided that that we will not be relieved of our
obligations set forth in this Commitment Letter to fund that portion of the commitments so assigned in connection with any syndication or assignment to any potential Lender made prior to the Closing Date unless such syndication or assignment is to a
financial institution you have identified to us on or prior to the date hereof as a permitted lender (each, a “Permitted Lender”) and such Permitted Lender has executed a joinder to this Commitment Letter in a form reasonably
acceptable to you or you have otherwise consented to such syndication or assignment in writing. This Commitment Letter may not be amended or any term or provision hereof waived or modified except by an agreement in writing signed by each of the
parties hereto. 
 7. USA PATRIOT Act Notification  
 The Administrative Agent notifies you that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (as amended, supplemented or modified
from time to time, the “Patriot Act”) it and each Lender may be required to obtain, verify and record information that identifies the Seller, Augusta, Merger Sub, the Borrower and the Guarantors, including the name and address of
each such Person and other information that will allow the Administrative Agent and each Lender to identify the Seller, Augusta, Merger Sub, the Borrower and the Guarantors in accordance with the Patriot Act and other applicable “know your
customer” and anti-money laundering rules and regulations. This notice is given in accordance with the requirements of the Patriot Act and is effective for the Administrative Agent and each Lender. 

8. Sharing Information; Affiliate Activities; Absence of Fiduciary Relationship  
 Please note that this Commitment Letter and the Fee Letter may not be disclosed to any other person or entity or circulated or referred to publicly without our prior written consent except, after
providing written 

  
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notice to the Commitment Parties and with appropriate permitted redactions as reasonably requested by the Commitment Parties, pursuant to applicable law or compulsory legal process, including,
without limitation, a subpoena or order issued by a court of competent jurisdiction or by a judicial, administrative or legislative body or committee; provided that we hereby consent to your disclosure of (i) this Commitment Letter and
the Fee Letter and such communications to your officers, directors, agents, employees, attorneys, independent auditors, representatives, professionals and advisors (collectively, the “Representatives”) in each case on a confidential
and “need to know” basis and who are directly involved in the consideration of the Term Facility to the extent you notify such persons of their obligation to keep this Commitment Letter, the Fee Letter and such communications confidential
and such persons agree to hold the same in confidence, (ii) this Commitment Letter, the Fee Letter or the information contained herein or therein to Augusta and its Representatives in each case on a confidential and “need to know”
basis and who are directly involved in the consideration of the Term Facility to the extent you notify such persons of their obligation to keep this Commitment Letter and the Fee Letter and the information contained herein and therein confidential
and such persons agree to hold the same in confidence and (iii) this Commitment Letter or the information contained herein (but not the Fee Letter or the information contained therein, other than a version of the Fee Letter redacted in a manner
reasonably satisfactory to the Arrangers, it being acknowledged that the fees in the Fee Letter shall be reflected in projections and pro forma information and a generic disclosure of aggregate sources and uses) in any public filing required as
party of the Merger and the syndication, and to any ratings agency on a confidential basis. 
 We shall use all nonpublic information received
by us in connection with the Transactions solely for the purposes of providing the services that are the subject of this Commitment Letter, the Fee Letter, and the transactions contemplated hereby and thereby, and shall treat confidentially all such
information; provided, however, that nothing herein shall prevent us from disclosing any such information (i) to any Lenders or participants or prospective Lenders or participants, (ii) to any hedge provider or prospective
hedge provider (collectively, “Specified Counterparties”), (iii) in any legal, judicial, administrative proceeding or other process or otherwise as required by applicable law or regulations (in which case we shall promptly
notify you, in advance, to the extent practicable and permitted by law), (iv) upon the request or demand of any regulatory authority having jurisdiction over such Commitment Party or its affiliates (in which case such Commitment Party shall,
except with respect to any audit or examination conducted by bank accountants or any governmental bank regulatory authority exercising examination or regulatory authority, give you notice thereof to the extent practicable and lawfully permitted to
do so), (v) to the Representatives of such Commitment Party who are informed of the confidential nature of such information, (vi) to any of our respective affiliates solely in connection with the Transactions (provided that such
information shall be provided on confidential basis), (vii) to the extent any such information becomes publicly available other than by reason of disclosure by such Commitment Party, its affiliates or Representatives in breach of this
Commitment Letter, (viii) for purposes of establishing a “due diligence” or other similar defense and (ix) for purposes of enforcing the rights of the Commitment Parties under this Commitment Letter; provided that the disclosure
of any such information to any Lenders or prospective Lenders or participants or prospective participants or Specified Counterparties referred to above shall be made subject to the acknowledgment and acceptance by such Lender or prospective Lender
or participant or prospective participant or Specified Counterparty that such information is being disseminated on a confidential basis in accordance with the standard syndication processes of such Commitment Party or customary market standards for
dissemination of such types of information. The obligations of the Commitment Parties under this paragraph shall remain in effect until the earlier of (x) two years from the date hereof and (y) the date the Loan Documents are entered into,
at which time any confidentiality undertaking in the Loan Documents shall supersede the provisions of this paragraph. 
 You acknowledge that
the Commitment Parties and their respective affiliates are full service securities firms and as such may from time to time effect transactions, for their own account or the account of customers, and may hold positions in securities or indebtedness,
or options thereon, of the Seller, the 

  
 8 

 January 13, 2012 
 ACCO Brands Corporation 
  

 
Borrower, Augusta and other companies that may be the subject of the Transactions and may act with respect to any such entities in such other capacities to which it is appointed. The Commitment
Parties and their respective affiliates will have economic interests that are different from or conflict with those of the Borrower and the Seller regarding the transactions contemplated by this Commitment Letter and the Fee Letter, and you
acknowledge and agree that none of the Commitment Parties have an obligation to disclose such interests to you. You further acknowledge and agree that nothing in this Commitment Letter, the Fee Letter or the nature of our services or in any prior
relationship will be deemed to create an advisory, fiduciary or agency relationship between us, on the one hand, and you, your equity holders or your affiliates, on the other hand, and you waive, to the fullest extent permitted by law, any claims
you may have against the Commitment Parties for breach of fiduciary duty or alleged breach of fiduciary duty and agree that none of the Commitment Parties will have liability (whether direct or indirect) to you in respect of such a fiduciary duty
claim or to any person asserting a fiduciary duty claim on your behalf, including your equity holders, employees or creditors. You acknowledge that the Transactions (including the exercise of rights and remedies hereunder and under the Fee Letter)
are arms’ length commercial transactions and that we are acting as principal and in our own best interests. You are relying on your own experts and advisors to determine whether the Transactions are in your best interests and are capable of
evaluating and understanding, and you understand and accept, the terms, risks and conditions of the transactions contemplated this Commitment Letter and the Fee Letter. In addition, you acknowledge that we may employ the services of our affiliates
in providing certain services hereunder and may exchange with such affiliates information concerning you, the Borrower and other companies that may be the subject of the Transactions and such affiliates will be entitled to the benefits afforded to
us hereunder. 
 In addition, please note that Barclays Capital Inc. has been retained by Augusta as a financial advisor (in such capacity, the
“Financial Advisor”) to Augusta in connection with the Merger. You agree to such retention, and further agree not to assert any claim you might allege based on any actual or potential conflicts of interest that might be asserted to
arise or result from, on the one hand, the engagement of the Financial Advisor, and on the other hand, our and our affiliates’ relationships with you as described and referred to herein. 
 Consistent with our policies to hold in confidence the affairs of our customers, we will not use or disclose confidential information obtained from you by virtue of the Transactions in connection with our
performance of services for any of our other customers (other than as permitted to be disclosed under this Section 8). Furthermore, you acknowledge that neither we nor any of our affiliates have an obligation to use in connection with the
Transactions, or to furnish to you, confidential information obtained or that may be obtained by us from any other person. 
 Please note that
neither the Arrangers nor their respective affiliates provide tax, accounting or legal advice. 
 9. Waiver of Jury Trial; Governing Law;
Submission to Jurisdiction; Surviving Provisions  
 ANY RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY ACTION, SUIT, PROCEEDING OR CLAIM
ARISING IN CONNECTION WITH OR AS A RESULT OF ANY MATTER REFERRED TO IN THIS COMMITMENT LETTER OR THE FEE LETTER IS HEREBY IRREVOCABLY WAIVED BY THE PARTIES HERETO. THIS COMMITMENT LETTER, THE FEE LETTER AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER AND THEREUNDER WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW
YORK. Each of the parties hereto hereby irrevocably (i) submits, for itself and its property, to the exclusive jurisdiction of (a) the Supreme 

  
 9 

 January 13, 2012 
 ACCO Brands Corporation 
  

 
Court of the State of New York, New York County, located in the Borough of Manhattan, and (b) the United States District Court for the Southern District of New York and any appellate court
from any such court, in any action, suit, proceeding or claim arising out of or relating to this Commitment Letter, the Fee Letter or the Transactions or the performance of services contemplated hereunder or under the Fee Letter, or for recognition
or enforcement of any judgment, and agrees that all claims in respect of any such action, suit, proceeding or claim may be heard and determined in such New York State court or such Federal court, (ii) waives, to the fullest extent permitted by
law, any objection that it may now or hereafter have to the laying of venue of any action, suit, proceeding or claim arising out of or relating to this Commitment Letter, the Fee Letter, the Transactions or the performance of services contemplated
hereunder or under the Fee Letter in any such New York State or, to the extent permitted by law, Federal court and (iii) waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of any such action,
suit, proceeding or claim in any such court. Each of the parties hereto agrees to commence any such action, suit, proceeding or claim either in the United States District Court for the Southern District of New York or in the Supreme Court of the
State of New York, New York County located in the Borough of Manhattan. 
 This Commitment Letter is issued for your benefit only and no other
person or entity (other than the parties hereto and the Indemnified Persons) may rely hereon. 
 The provisions of Sections 3, 5, 8 and this
Section 9 of this Commitment Letter will survive any termination or completion of the arrangements contemplated by this Commitment Letter or the Fee Letter, including without limitation whether or not the Loan Documents are executed and
delivered and whether or not the Term Facility is made available or any loans under the Term Facility are disbursed; provided, however, that, to the extent applicable, your obligations under this Commitment Letter, other than those
relating to confidentiality and to the syndication of the Term Facility, shall automatically terminate and be superseded by the corresponding provisions of the Loan Documents upon the effectiveness thereof. 

10. Termination; Acceptance  
 Our
commitments hereunder and our agreements to provide the services described herein will terminate upon the first to occur of (i) receipt by each Commitment Party of written notice of termination from you, (ii) the consummation of the
Merger, (iii) the abandonment or termination of the definitive documentation for the Merger and the Spin, including the Merger Agreement and the Separation Agreement and (iv) June 30, 2012 (the earliest of such dates to occur, the
“Termination Date”), unless the closing of the Term Facility has been consummated on or before such date on the terms and subject to the conditions set forth herein; provided, however, that, if the Merger has not been
consummated on or before the Termination Date, then the Termination Date contemplated by clause (iv) shall automatically be extended to August 31, 2012. 
 This Commitment Letter may be executed in any number of counterparts, each of which when executed will be an original and all of which, when taken together, will constitute one agreement. Delivery of an
executed counterpart of a signature page of this Commitment Letter by facsimile or other electronic transmission will be as effective as delivery of a manually executed counterpart hereof. 
 Please confirm that the foregoing is in accordance with your understanding by signing and returning to the Arrangers the enclosed copy of this Commitment Letter, together, if not previously executed and
delivered, with the Fee Letter, the Augusta Commitment Letter and the Augusta Fee Letter on or before the close of business on January 13, 2012, whereupon this Commitment Letter and the Fee Letter will become binding agreements between us. If not
signed and returned as described in the preceding sentence by such date, this offer will terminate on such date. 

  
 10 

 January 13, 2012 
 ACCO Brands Corporation 
  

 [The remainder of this page is intentionally left blank.]

  
 11 

 We look forward to working with you on this assignment. 

 

			
	Very truly yours,
	
	BARCLAYS BANK PLC
		
	By:	 	/s/     Ian Palmer
		 	Name: Ian Palmer
		 	Title: Managing Director

 Signature Page to SpinCo Commitment Letter 

  

			
	BANK OF AMERICA, N.A.
		
	By	 	/s/     Heather Lamberton
	Name:	 	Heather Lamberton
	Title:	 	Managing Director

  

			
	MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
		
	By	 	/s/     Heather Lamberton
	Name:	 	Heather Lamberton
	Title:	 	Managing Director

 Signature Page to SpinCo Commitment Letter 

  

			
	BANK OF MONTREAL
		
	By	 	/s/    Eric A. Schubert
	Name:	 	Eric A. Schubert
	Title:	 	Managing Director

 Signature Page to SpinCo Commitment Letter 

  

			
	SUNTRUST BANK
		
	By	 	/s/    Rich Wilson
	Name:	 	Rich Wilson
	Title:	 	Managing Director

 Signature Page to SpinCo Commitment Letter 

 ACCEPTED AND AGREED TO AS OF THE DATE FIRST WRITTEN ABOVE: 

			
	
	ACCO BRANDS CORPORATION
		
	By:	 	/s/    Thomas P. O’Neil Jr.
		 	Name:Thomas P. O’Neil Jr.
		 	Title: Senior Vice President, Finance & Accounting

 Signature Page to SpinCo Commitment Letter 

 Exhibit A 
 Transaction Description 
 All capitalized terms used but not defined in this
Exhibit A have the meanings assigned to them in the Commitment Letter to which this Transaction Description is attached, including Exhibits B, C and D thereto. 
 ACCO Brands Corporation (“Augusta”) intends to acquire the SpinCo Business (as defined in the Separation Agreement referred to below, the “SpinCo Business”) of
MeadWastvaco Corporation (the “Seller”) pursuant to a merger (the “Merger”) of a newly formed subsidiary of Augusta (the “Merger Sub”) with and into a subsidiary of the Seller formed to hold the
SpinCo Business (the “Borrower”). 
 In connection with the foregoing, it is intended that: 

 

	1.	Borrower will be established as a direct, wholly owned subsidiary of Seller. 

 

	2.	Seller will transfer the SpinCo Business to the Borrower (the “Contribution”) pursuant to a separation agreement to be entered into among Seller and
Borrower (the “Separation Agreement”). 

  

	3.	In connection with the foregoing transactions, Borrower will borrow $190.0 million pursuant to the Term Facility on the terms set forth in Exhibit B.

  

	4.	Upon or immediately following the Contribution, Borrower will transfer to Seller and/or one or more of its affiliates, directly or indirectly, either (a) $460.0
million in cash (the “Cash Dividend”) or (b) a combination of (i) $190.0 million in cash proceeds from the incurrence of the Term Loans under the Term Facility and (ii) $270.0 million in aggregate principal amount of
high yield securities of SpinCo (the “SpinCo Notes”) as described in the Engagement Letter or, to the extent Borrower does not issue the SpinCo Notes on the Closing Date, $270.0 million in aggregate principal amount of unsecured
senior loans of Borrower (the “Exchange Loans”) with the terms set forth in that certain commitment letter dated as of the date hereof between the Commitment Parties and the Seller. 

 

	5.	Seller will distribute the stock of Borrower to Seller’s stockholders pursuant to the Spin contemplated by the Separation Agreement. 

 

	6.	Pursuant to a merger agreement among Seller, Borrower, Augusta and Merger Sub (including all exhibits and schedules thereto, the “Merger Agreement”),
immediately following the Contribution and the Spin, Merger Sub will merge with and into Borrower, with Borrower surviving as a wholly-owned subsidiary of Augusta. 

 

	7.	Augusta will enter into (A) a commitment letter dated as of the date hereof (the “Augusta Commitment Letter”), which will set forth the terms of
(i) a senior secured term loan facility in an aggregate principal amount of $480.0 million (the “Augusta Term Facility”) and (ii) an asset-based revolving credit facility in an aggregate principal amount of $175.0 million
(the “Augusta ABL Facility” and together with the Augusta Term Facility, the “Augusta Facilities”) and (B) a fee letter dated as of the date hereof (the “Augusta Fee Letter”), which will set
forth certain fees payable in connection with, and certain other matters with respects to, the Augusta Facilities. The Augusta Commitment Letter has been provided by Augusta to the Arrangers. 

  
 Exhibit A-1

	8.	Immediately upon the effectiveness of the Merger, (i) the Term Facility and the SpinCo Notes, as applicable, will be guaranteed by Augusta and each guarantor of
the Augusta Facilities pursuant to documentation reasonably satisfactory to the Arrangers (the “Augusta Guarantee Documentation”) and (ii) the Borrower and each Guarantor will guarantee the Augusta Facilities.

 The transactions set forth above are referred to collectively as the “Transactions.” 

  
 Exhibit B-2

 Exhibit B 
 Summary of Terms and Conditions of the Term Facility 

			
		
	 Borrower:
	  	 A newly formed Delaware subsidiary of the Seller to which Seller will contribute the SpinCo Business (the “Borrower”).
Upon consummation of the Merger, Merger Sub will be merged with and into Borrower with Borrower as the surviving corporation and Borrower will therefore be a wholly-owned subsidiary of Augusta.

 

	 Guarantors:
	  	 All obligations under the Term Facility (as defined below), under any interest rate protection or other hedging arrangement
(“Hedging Arrangements”) entered into with an Agent, Arranger or Lender (as defined below) under the Term Facility or the Augusta Term Facility or any affiliate of any of the foregoing, in each case, as designated by Borrower (each,
a “Term Facility Lender Counterparty”) and under any cash management arrangements (“Cash Management Arrangements”) entered into with an Agent, Arranger or Lender under the Term Facility or the Augusta Term Facility
or any affiliate of any of the foregoing, in each case, as designated by Borrower (each, a “Term Facility Bank Product Provider”), will be unconditionally guaranteed (the “Guarantee”) by each of the Borrower’s
existing and subsequently acquired or organized direct or indirect domestic subsidiaries and, after consummation of the Merger, Augusta and each of its existing and subsequently acquired subsidiaries that guarantees any other indebtedness of Augusta
(including, without limitation, Augusta’s existing 7.625% senior subordinated notes due 2015 and 10.625% senior secured notes due 2015, in each case, pursuant to the indentures governing such indebtedness) on the Closing Date (collectively, the
“Guarantors”).
  

	 Joint Bookrunners and
 Joint Lead Arrangers:
	  	 Barclays Capital, MLFPS and BMO Capital will act as joint bookrunners and joint lead arrangers (in such capacities, the
“Arrangers”) for the Term Facility and will perform the duties customarily associated with such roles.
  

		
	 Administrative Agent:
	  	 Barclays Bank will act as sole and exclusive administrative agent (in such capacity, the “Administrative Agent”) for
the Lenders and will perform the duties customarily associated with such role.
  

	 Co-Syndication Agents:
	  	 Bank of America and BMO Capital will act as co-syndication agents (in such capacity, the “Co-Syndication Agents”) for
the Term Facility and will perform the duties customarily associated with such role.
  

	 Collateral Agent:
	  	 Barclays Bank will act as sole and exclusive collateral agent for the Lenders (in such capacity, collectively, the “Collateral
Agent”) and will perform the duties customarily associated with such role.
  

	 Documentation Agent:
	  	SunTrust or at the option of the Arrangers one or more financial institutions identified by the Arrangers in consultation with the

  
 Exhibit B-1

  

			
		
		  	Borrower and reasonably acceptable to the Borrower (in such capacity, the “Documentation Agent” and, together with the Administrative Agent, the Co-Syndication
Agents and the Collateral Agent, the “Agents”).
		
	 Lenders:
	  	Barclays Bank, Bank of America, BMO, SunTrust and/or other banks, financial institutions and institutional lenders selected by the Arrangers and reasonably acceptable to Borrower
and Augusta (each, a “Lender” and, collectively, the “Lenders”).
		
	 Purpose/Use of Proceeds:
	  	The proceeds of the Term Loans will be used to (i) finance the Cash Dividend and (ii) to pay fees and expenses incurred in connection with the Transactions.
		
	 Amount of Term Facility:
	  	Up to $190.0 million of senior secured term loan facility (the “Term Facility” and loans under the Term Facility, “Term Loans”).
		
	 Availability:
	  	One drawing may be made under the Term Facility on the Closing Date.
		
	 Closing Date:
	  	The date on or before the Termination Date on which the Transactions are consummated (the “Closing Date”).
		
	 Maturity:
	  	The Term Facility will mature on the date that is the earlier of (i) the seventh anniversary of the Closing Date (the “Fixed Maturity Date”) and (ii) 91 days prior
to the maturity of Augusta’s existing 7.625% senior subordinated notes due 2015 (the “Senior Subordinated Notes”) unless, at least 91 days prior to the maturity date of the Senior Subordinated Notes, such notes are refinanced
with notes having a maturity date at least six months after the seventh anniversary of the Closing Date (such earlier date, the “Term Loan Maturity Date”).
		
	 Amortization:
	  	The outstanding principal amount of the Term Facility will be payable in equal quarterly amounts of 1.0% per annum prior to the seventh anniversary of the Closing Date, with
the remaining balance, together with all other amounts owed with respect thereto, payable on the Term Loan Maturity Date.
		
	 Interest Rate:
	  	 All amounts outstanding under the Term Facility will bear interest, at the Borrower’s option, at a rate per annum equal
to:
  

	  	 (a)    the Base Rate plus 3.75% per annum; or

 

	  	 (b)    the reserve adjusted Eurodollar Rate plus 4.75% per
annum;
  

	  	provided, however, that at no time will the Base Rate be deemed to be less than 2.25% per annum or the reserve adjusted Eurodollar Rate be deemed to be less
than 1.25% per annum.

  
 Exhibit B-2

  

			
		  	As used herein, the terms “Base Rate” and “reserve adjusted Eurodollar Rate” will have meanings customary and appropriate for financings of this
type, and the basis for calculating accrued interest and the interest periods for loans bearing interest at the reserve adjusted Eurodollar Rate will be customary and appropriate for financings of this type.
		
	 Default Interest:
	  	All amounts not paid when due will accrue at a rate of 2.0% per annum plus the rate otherwise applicable to such amounts and will be payable on demand (the “Default
Interest Rate”).
		
	 Interest Payments:
	  	Quarterly for loans bearing interest based upon the Base Rate; except as set forth below, on the last day of selected interest periods (which will be one, two, three or six months
or, if agreed by all Lenders, nine or twelve months) for loans bearing interest based upon the reserve adjusted Eurodollar Rate (and at the end of every three months, in the case of interest periods longer than three months); upon prepayment or
repayment; at maturity (whether by acceleration or otherwise); and after such maturity, on demand, in each case payable in arrears and computed on the basis of a 360-day year (or, with respect to loans bearing interest based upon the
“prime” Base Rate, a 365/366-day year).
		
	 Documentation:
	  	The Term Facility shall be documented pursuant to a single credit agreement that will also document the Augusta Term Facility.
		
	 Funding Protection and Taxes:
	  	Customary for transactions of this type, including breakage costs, gross-up for tax withholding (subject to customary exclusions and exceptions including U.S. federal withholding
arising as a result of any law in existence as of the date hereof), compensation for increased costs and compliance with capital adequacy and other regulatory restrictions (including customary Dodd-Frank and Basel III protections).
		
	 Voluntary Prepayments:
	  	The Term Facility may be prepaid in whole or in part without premium or penalty subject to the payment of any applicable Call Premium, as set forth below; provided that loans
bearing interest based upon the reserve adjusted Eurodollar Rate will be prepayable only on the last day of the applicable interest period unless the Borrower pays any related breakage costs. Voluntary prepayments of the Term Facility will be
applied to scheduled amortization payments and the payment at final maturity in such order as the Borrower shall determine and may not be reborrowed.
		
	 Mandatory Prepayments:
	  	The Borrower will make the following mandatory prepayments (subject to certain basket amounts to be negotiated in the definitive documentation for the Term Loan Facility (the
“Term Facility Documentation”)):
		
		  	 1.      Asset Sales: Prepayments in an amount equal to 100.0% of the net cash proceeds of
the sale or other disposition of any

  
 Exhibit B-3

  

			
		  	property or assets of the Borrower or any of its subsidiaries (and, following the effectiveness of the Merger, Augusta and its subsidiaries) in excess of an amount to be agreed
(including the sale by the Borrower of any equity interests in any of its subsidiaries (or, following the effectiveness of the Merger, Augusta and its subsidiaries)) payable no later than the fifth business day following the date of receipt, other
than net cash proceeds of sales or other dispositions of inventory in the ordinary course of business and certain other exceptions to be agreed and net cash proceeds that are reinvested (or committed to be reinvested) in other assets (other than
current assets) useful in the business of the Borrower or any of its subsidiaries (or, following the effectiveness of the Merger, Augusta and its subsidiaries) within 365 days of such sale or disposition or, if so committed to reinvestment within
such 365-day period, reinvested within 180 days thereafter.
		
	 2.
	  	Insurance Proceeds: Prepayments in an amount equal to 100.0% of the net cash proceeds of property insurance or condemnation proceeds in excess of an amount to be agreed paid
on account of any loss of any property or assets of the Borrower or any of its subsidiaries (and, following the effectiveness of the Merger, Augusta and its subsidiaries) payable no later than the fifth business day following the date of receipt,
other than net cash proceeds that are reinvested (or committed to be reinvested) in other assets (other than current assets) useful in the business of the Borrower or any of its subsidiaries (or, following the effectiveness of the Merger, Augusta
and its subsidiaries) (or used to replace damaged or destroyed assets) within 365 days of receipt of such net cash proceeds or, if so committed to reinvestment within such 365- day period, reinvested within 180 days thereafter.
		
	 3.
	  	Incurrence of Indebtedness: Prepayments in an amount equal to 100.0% of the net cash proceeds received from the incurrence of indebtedness by the Borrower or any of its
subsidiaries (and, following the effectiveness of the Merger, Augusta and its subsidiaries) (other than indebtedness otherwise permitted under the Term Facility Documentation) payable no later than the fifth business day following the date of
receipt.
		
	 4.
	  	Excess Cash Flow: Prepayments in an amount equal to 50.0% (subject to reductions to a lower percentage upon achievement and maintenance of a total leverage ratio to be
agreed) of “Excess Cash Flow” (to be defined in the Term Facility Documentation) of the Borrower and its subsidiaries (and, following the effectiveness of the Merger, Augusta and its subsidiaries) payable within 90 days of the
Borrower’s fiscal year end.

  
 Exhibit B-4

  

			
		
		  	 The net cash proceeds referred to in clauses (1) through (4) of the preceding paragraph shall be applied to prepay the Term Facility
and the Augusta Term Facility on a pro rata basis.
  
 All mandatory
prepayments will be applied without penalty or premium (except for breakage costs, if any) and will be applied as set forth in the preceding paragraph and to the next four scheduled amortization payments for the Term Facility in direct order of
maturity and thereafter pro rata to the remaining scheduled amortization payments for the Term Facility and the payment at final maturity.

		
	 Call Premium:
	  	 In the event that all or any portion of the Term Facility is repaid or repriced (or effectively refinanced) in connection with a
Repricing Event (as defined below) that occurs on or before the first anniversary of the Closing Date, each Lender holding loans under the Term Facility will be paid an amount equal to 101% of the amount of such loans repaid or repriced (or
effectively refinanced).
  
 “Repricing Event” shall mean (i)
any prepayment or repayment of Term Loans with the proceeds of, or any conversion of Term Loans into, any new or replacement tranche of term loans bearing interest at an effective interest rate less than the effective interest rate applicable to the
Term Loan Facility (as such comparative rates are reasonably determined by the Administrative Agent) and (ii) any amendment to the Term Loan Facility that reduces the effective interest rate applicable to the Term Loans (in each case, such effective
interest rate shall take into account margins, the applicable reserve adjusted Eurodollar Rate or Base Rate floors, original issue discount and upfront fees).

		
	 Collateral:
	  	 The obligations of the Borrower and the Guarantors in respect of the Term Facility, any Hedging Arrangements entered into with a Term
Facility Lender Counterparty, as designated by Borrower, and any Cash Management Arrangements entered into with a Term Facility Bank Product Provider, as designated by Borrower, and the obligations of the Borrower and the Guarantors in respect of
the Augusta Term Facility will be secured by:
  
 (a) a first-priority
security interest (subject to permitted liens) in the following (collectively, the “Term Loan Priority Collateral”): all assets of the Borrower and the Guarantors (other than the ABL Priority Collateral), whether owned
on the Closing Date or thereafter acquired, including but not limited to: (i) machinery, equipment, furniture, fixtures, vehicles (but not with respect to the perfection of such security interest), fee interests in real property in excess of an
amount to be mutually agreed, intellectual property, general intangibles (except those relating to ABL Priority Collateral) and documents relating to any of the foregoing, (ii) instruments and other rights to payment (including accounts receivable),
in each case, solely to the extent relating to the sale or other disposition of Term Loan

  
 Exhibit B-5

  

			
		
		  	Priority Collateral and any deposit account or securities account that contain only proceeds of the sale of any Term Loan Priority Collateral (the “Term Loan Asset Sale
Proceeds Account”) and (iii) the equity interests held by the Borrower or any Guarantor in any direct or indirect subsidiary of the Borrower or any Guarantor (which pledge, in the case of any foreign subsidiary, will be limited to 100% of
the non-voting equity interests (if any) and 66% of the voting equity interests of first-tier foreign subsidiaries; and
		
		  	(b) a perfected second-priority security interest (subject to permitted liens) in the following, whether owned on the Closing Date or thereafter acquired (collectively, the
“ABL Priority Collateral”): (i) all accounts receivable and other rights to payment (in each case, other than to the extent relating to the sale or other disposition of Term Loan Priority Collateral (as defined below));
(ii) inventory and documents related to inventory; (iii) instruments (except to the extent relating to the sale or other disposition of Term Loan Priority Collateral); (iv) general intangibles (other than intellectual property)
relating to accounts receivable and inventory; (v) deposit accounts, security accounts, cash and cash equivalents (other than cash and cash equivalents held in the Term Loan Asset Sale Proceeds Account referred to above and other exceptions to
be agreed); (vi) guarantees, letters of credit rights, security, insurance, supporting obligations and other credit enhancements, relating to any of the foregoing; and (vii) books and records relating to any of the
foregoing.
		
		  	The Term Loan Priority Collateral and the ABL Priority Collateral will not include leasehold interests, fee interests in real estate below a threshold to be agreed, and certain
other property and assets customarily excluded from grants of security in similar financings, and other property and assets as may be agreed upon. Additionally, each of the ABL Priority Collateral and the Term Loan Priority Collateral, respectively,
will include all proceeds thereof.
		
		  	The obligations of the Borrower and the Guarantors under the Augusta ABL Facility, under certain interest rate protection or other hedging arrangements entered into with an
agent, arranger or lender under the Augusta ABL Facility or any affiliate of any of the foregoing, in each case, as designated by Borrower (each an “ABL Facility Lender Counterparty” and, together with the Tem Facility Lender
Counterparties, the “Lender Counterparties”) and under certain cash management arrangements entered into with an agent, arranger or lender under the Augusta ABL Facility or any affiliate of any of the foregoing, in each case, as
designated by Borrower (each, an “ABL Facility Bank Product Provider” and, together with the Term Facility Bank Product Providers, the “Bank Product Providers”) will be secured by a perfected second-priority
security interest (subject to permitted liens) in the Term Loan Priority Collateral and a perfected first-priority security interest (subject to permitted liens) in the ABL Priority Collateral; provided that if any ABL Facility Lender
Counterparty is also a Term Facility Lender Counterparty, or if any

  
 Exhibit B-6

  

			
		
		  	ABL Facility Bank Product Provider is also a Term Facility Bank Product Provider, then if such ABL Facility Lender Counterparty or ABL Facility Bank Product Provider, as applicable,
so elects with the consent of Borrower (and notifies the Agents in writing of such election at the time of executing such Hedging Arrangements or providing such Cash Management Arrangement, as applicable, in accordance with procedures and subject to
limitations to be contained in the Term Facility Documentation), such ABL Facility Lender Counterparty or ABL Facility Bank Product Provider, as applicable, will instead be secured by a perfected first-priority security interest (subject to
permitted liens) in the Term Loan Priority Collateral and a perfected second-priority security interest (subject to permitted liens) in the ABL Priority Collateral. All such security interests will be perfected on the Closing Date except as
otherwise provided in Section 2 of the Commitment Letter.
		
	 Intercreditor Matters:
	  	The relative rights and priorities in the ABL Priority Collateral and the Term Loan Priority Collateral among the secured parties in respect of the Augusta ABL Facility (or the
Amended Existing ABL Facility (as defined in the Augusta Commitment Letter), if the same remains outstanding), the Lender Counterparties under secured hedging arrangements (the “Hedging Secured Parties”), the Bank Product Providers
under secured cash management arrangements (the “Cash Management Secured Parties”), the secured parties in respect of the Term Facility (the “Term Loan Secured Parties”) and the secured parties in respect of the
Augusta Term Loan Facility (the “Augusta Term Loan Secured Parties”) will be set forth in an intercreditor agreement that will contain customary lien subordination, completion rights, collateral access provisions and intellectual
property licensing provisions, all in form and substance reasonably satisfactory to the Arrangers and the Borrower.
		
	 Representations and

Warranties:
	  	The Term Facility Documentation will contain representations and warranties relating to the following matters as are usual and customary for financings of this kind generally:
organization, requisite power and authority, qualification; equity interests and ownership; due authorization; no conflict; governmental consents; binding obligation; historical financial statements; projections; no material adverse change; certain
fees; adverse proceedings, etc.; payment of taxes; properties; environmental matters; no defaults; material contracts; governmental regulation; margin stock; employee matters; employee benefit plans; solvency; related documents; compliance with
laws; disclosure; senior indebtedness; Patriot Act, OFAC and other money-laundering and anti-terrorism laws; intellectual property; and security documents, subject to customary qualifications and limitations for materiality to be provided in the
Term Facility Documentation in a manner to be agreed.

  
 Exhibit B-7

  

			
		
	 Negative and Affirmative

Covenants:
	  	The Term Facility Documentation will contain affirmative and negative covenants relating to the following matters as are usual and customary for financings of this kind generally,
subject to customary baskets, qualifications and limitations for materiality to be provided in the Term Facility Documentation in a manner to be agreed. Such affirmative covenants will include: financial statements and other reports; existence;
payment of taxes and claims; maintenance of properties; insurance; books and records, inspections; lenders’ meetings; compliance with laws; environmental; subsidiaries; additional material real estate assets; additional collateral; further
assurances; and maintenance of ratings (but no minimum rating requirement). Such negative covenants will include: indebtedness; liens; no further negative pledges; restricted junior payments; restrictions on subsidiary distributions; investments;
fundamental changes, disposition of assets, acquisitions; capital expenditures; sales and lease-backs; transactions with affiliates; conduct of business; amendments or waivers of organizational documents; amendments or waivers with respect to
certain indebtedness; and fiscal year.
		
	 Financial Covenants:
	  	Such financial covenants will include: minimum interest coverage and maximum leverage, in each case providing a cushion to be agreed above the levels set forth in the
Borrower’s financial model delivered to the Arrangers on November 22, 2011.
		
	 Events of Default:
	  	The Term Facility Documentation will include such events of default (and, as appropriate, grace periods) relating to the following matters as are usual and customary for
financings of this kind generally: failure to make payments when due; default under other agreements; breach of certain covenants; material breach of representations, etc.; other defaults under the Term Facility Documentation; involuntary
bankruptcy; voluntary bankruptcy; judgments and attachments; dissolution; employee benefit plans; “Change of Control” (to be defined as mutually agreed upon); guaranties, security documents; and failure of subordinated indebtedness to be
subordinated, subject to customary qualifications and limitations for materiality to be provided in the Term Facility Documentation in a manner to be agreed.
		
	 Conditions Precedent to

Initial Borrowing:
	  	The several obligations of each Lender to make, or cause an affiliate to make, Term Loans on the Closing Date will be subject only to (i) the conditions set forth or referred to
in Section 2 of the Commitment Letter, (ii) the accuracy of representations and warranties in all material respects and (iii) the absence of any default or event of default subject, in the case of clauses (ii) and (iii), to the limitations set forth
in Section 2 of the Commitment Letter.

  
 Exhibit B-8

  

			
	 Assignments and

Participations:
	  	The Lenders may assign all or, in an amount of not less than $1.0 million, any part of their respective shares of the Term Facility to their affiliates or one or more banks,
financial institutions or other entities that are eligible assignees (to be defined in the Term Facility Documentation) which (other than in the case of assignments made by or to any of the Arrangers) are acceptable to the Administrative Agent and
the Borrower, each such consent not to be unreasonably withheld or delayed; provided that (i) the consent of the Borrower shall not be required if any event of default has occurred and is continuing and (ii) assignments made to another Lender
or an affiliate of a Lender or of the Administrative Agent will not be subject to the above minimum assignment amount and consent requirements; provided further that the Borrower shall be deemed to have consented to any such assignment
unless it shall object thereto by written notice to the Administrative Agent within five business days after having received notice thereof. The Borrower shall have the ability to purchase Term Loans through dutch auction procedures to be mutually
agreed, which Term Loans shall immediately and automatically be cancelled. The Borrower shall not be permitted to assign its obligations without the approval of all Lenders.
		
	Amendments and Required Lenders:	  	No amendment, modification, termination or waiver of any provision of the Term Facility Documentation will be effective without the written approval of Lenders holding more than
50.0% of the aggregate amount of the funded and unfunded commitments under the Term Facility (collectively, the “Required Lenders”), except that the consent of each Lender adversely affected thereby (and in the case of certain
collateral issues, each Lender Counterparty) will be required with respect to, among other things, matters relating to interest rates, maturity, amortization, pro rata treatment, sharing provisions, releases of all or substantially all of the
guaranties and collateral and the definition of Required Lenders.
		
	Indemnity and Expenses:	  	The Term Facility will provide customary and appropriate provisions relating to indemnity and related matters to be mutually agreed. The Borrower will also pay (i) reasonable and
documented out-of-pocket expenses of the Arrangers incurred prior to the Successful Syndication (as defined in the Fee Letter) and the Agents incurred prior to, on or after the Closing Date (to be paid on the Closing Date if invoiced prior to the
Closing Date, and for expenses incurred or invoiced thereafter, within 30 days of a written demand therefore, in each case together with backup documentation supporting such reimbursement request) associated with the syndication of the Term Facility
and the preparation, negotiation, execution, delivery and administration of the Term Facility Documentation and any amendment or waiver with respect thereto (but limited, in the case of legal fees and expenses, to the reasonable and documented fees,
disbursements and other charges of one counsel to the Arrangers and the Agents, taken as a whole and,

  
 Exhibit B-9

  

			
		  	solely in the case of a conflict of interest, one additional counsel to all affected persons taken as a whole (and, if reasonably necessary, of one local counsel in any relevant
jurisdiction and of one special counsel to all such persons, taken as a whole, and, solely in the case of a conflict of interest, one additional local and special counsel to all affected persons, taken as a whole)) and (ii) all reasonable and
documented out-of-pocket expenses of the Arrangers, Agents and the Lenders within 30 days of a written demand therefor together with reasonable backup documentation supporting such reimbursement request (but limited, in the case of legal fees and
expenses, to the reasonable and documented fees, disbursements and other charges of one counsel to the Arrangers, the Agents and the Lenders, taken as a whole and, solely in the case of a conflict of interest, one additional counsel to all affected
persons taken as a whole (and, if reasonably necessary, of one local counsel in any relevant jurisdiction and of one special counsel to all such persons, taken as a whole, and, solely in the case of a conflict of interest, one additional local and
special counsel to all affected persons, taken as a whole)) in connection with the enforcement of the Term Facility Documentation.
		
	Governing Law and Jurisdiction:	  	The Term Facility Documentation will provide that the Borrower and the Guarantors will submit to the exclusive jurisdiction and venue of the federal and state courts of the Borough
of Manhattan in the State of New York and will waive any right to trial by jury. New York law will govern the Term Facility Documentation.
		
	 Counsel to the Arrangers
 and the Administrative Agent:
	  	Latham & Watkins LLP.

  
 Exhibit B-10

 Exhibit C 
 Summary of Conditions Precedent to the Term Facility 
  

	1.	Concurrent Transactions: The terms of the Merger Agreement and the Separation Agreement shall be reasonably satisfactory to the Arrangers (it being agreed that
the Merger Agreement dated November 17, 2011 and the Separation Agreement dated November 17, 2011 provided to the Arrangers prior to the date hereof are reasonably satisfactory to the Arrangers). The Contribution and the Merger and each of
the other Transactions shall have been consummated or will be consummated substantially concurrently with the initial funding under the Term Facility in accordance with the Merger Agreement, the Separation Agreement and the terms described in this
Commitment Letter; provided that no amendment, modification or waiver of any term thereof (other than any such amendment, modification or waiver that is not materially adverse to the interests of the Arrangers and the Lenders, taken as a
whole) shall be made or granted, as the case may be, without the prior written consent of the Arrangers (not to be unreasonably withheld or delayed) (it being understood that any change in the price over 10% (including any price decrease over 10%)
will be deemed to be materially adverse to the interests of the Lenders and will require the prior written consent of the Arrangers). 

  

	2.	Financial Statements. The Arrangers shall have received (i) unqualified audited consolidated balance sheets and related consolidated statements of income,
shareholders’ equity and cash flows of Augusta and the Borrower and their respective subsidiaries for each of the three most recently completed fiscal years ending more than 90 days prior to the Closing Date, (ii) unaudited consolidated
balance sheets and related consolidated statements of income, shareholders’ equity and cash flows for any quarterly interim period or periods (other than the fourth fiscal quarter of Augusta’s and the Borrower’s fiscal year) of
Augusta and the Borrower and their respective subsidiaries ending more than 45 days prior to the Closing Date, together with unaudited consolidated balance sheets and related consolidated statements of income, shareholders’ equity and cash
flows for the corresponding period of the most recently completed fiscal year (all of which shall have been reviewed by the independent accountants for Augusta and the Borrower (as applicable) as provided in the Statement on Auditing Standards
No. 100), (iii) customary additional unqualified audited and unaudited financial statements for all recent, probable or pending acquisitions and (iv) a pro forma consolidated balance sheet and related pro forma consolidated statements
of income of Augusta and its subsidiaries (a) as of the last day of and for the most recently completed fiscal year ended at least 90 days before the Closing Date, (b) as of the last day of and for the most recently completed fiscal
quarter ended at least 45 days before the Closing Date, and (c) as of the last day of and for the twelve-month period ending on the last day of the most recently completed fiscal quarter ended at least 45 days before the Closing Date, or, if
the most recently completed fiscal period is the end of a fiscal year, ended at least 90 days before the Closing Date, in each case prepared after giving effect to the Transactions as if the Transactions had occurred as of such date (in the case of
each such balance sheet) or at the beginning of such period (in the case of each such statement of income), and in each case contemplated by clauses (i), (ii), (iii) and (iv) meeting the requirements of Regulation S-X for Form S-1
registration statements. 

  

	3.	Projections. At least 30 days prior to the Closing Date, the Arrangers shall have received financial projections of Augusta and Augusta’s subsidiaries
through its fifth fiscal year following the Closing Date, which will be prepared on a pro forma basis to give effect to the Transactions. 

  

	4.	Engagement of Financial Institutions. Augusta shall have engaged, pursuant to the Engagement Letter, the Financial Institutions to act as underwriters, initial
purchasers and/or placement agents in connection with the SpinCo Notes in a manner and on terms and conditions reasonably satisfactory to the Administrative Agent. 

  
 Exhibit C-1

	5.	Marketing Period. The Arrangers shall have received a confidential information memorandum and other customary marketing materials for use in the syndication of
the Term Facility by a date sufficient to afford the Arrangers a period of at least 20 consecutive business days following the receipt of the confidential information memorandum and the Moody’s and S&P ratings to syndicate the Term Facility
prior to the Closing Date; provided that such period will not include any date from and including November 21, 2011 through and including November 28, 2011, from and including December 19, 2011 through and including
January 3, 2012 and from and including August 20, 2012 through and including August 31, 2012. 

  

	6.	Definitive Documents; Customary Closing Conditions. Subject to the limitations set forth in Section 2 of the Commitment Letter, the definitive loan
documents relating to the Term Facility, including without limitation loan agreements, guarantees, security agreements and other related definitive documents (collectively, the “Loan Documents”) shall have been prepared by the
Arrangers’ counsel based upon and substantially consistent with the terms set forth in this Commitment Letter and otherwise reasonably satisfactory to the Commitment Parties and the Arrangers and shall have been executed and delivered by the
Borrower and each of its subsidiaries party thereto. The Arrangers shall be reasonably satisfied that the Borrower has complied with all other customary closing conditions for term loan financings of this kind, as follows: (i) the delivery of
customary legal opinions, corporate records and documents from public officials and customary officers’ certificates; (ii) customary evidence of authority; (iii) obtaining material third party and governmental consents necessary in
connection with the Merger, the related transactions or the financing thereof; (iv) absence of litigation or regulatory action materially affecting the Merger, the related transactions and the financing thereof; (v) with respect to the
Term Facility and subject to Section 2 of the Commitment Letter, perfection of liens, pledges, mortgages and any other security interests on the collateral securing the Term Facility (free and clear of all liens, subject to customary and
limited exceptions to be mutually agreed upon); (vi) satisfactory lien and judgment searches; (vii) payment of all fees and expenses set forth in the Commitment Letter and the Fee Letter; (viii) Augusta, the Borrower and each of their
respective subsidiaries on a consolidated basis (taken as a whole) will, pro forma for the Transactions, be solvent and delivery of a solvency certificate as of the Closing Date in a customary form reasonably satisfactory to the
Administrative Agent to that effect from the chief financial officer of Augusta; (ix) satisfaction of the conditions set forth under the caption “Conditions Precedent to Initial Borrowing” in Exhibit B; and (x) each Lender shall
have received at least five (5) days prior to the Closing Date all documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations,
including the Patriot Act that has been reasonably requested by the Lenders at least ten (10) days in advance of the Closing Date. 

  

	7.	Indebtedness. After giving effect to the Transactions, Augusta and its subsidiaries, including Borrower, shall have outstanding no third party indebtedness for
borrowed money other than the Augusta ABL Facility, the Term Facility and either the SpinCo Notes or the Exchange Loans, the Augusta Term Facility and the Senior Subordinated Notes and other indebtedness in a principal amount not to exceed $10
million. 

  

	8.	Augusta Term Facility: The conditions precedent to the Augusta Term Facility shall have been satisfied and the Augusta Term Facility shall have been funded
concurrently or substantially concurrently with (but in any event on the same day as) the Term Facility. 

  
 Exhibit C-2

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