Document:

Exhibit 10.2

RELEASE AND SEVERANCE AGREEMENT BETWEEN

ANGELA SHINABARGAR

AND

 BUTLER NATIONAL CORPORATION

Angela Shinabargar (hereinafter referred to as "Shinabargar") and Butler National Corporation (hereinafter referred to as "Butler") are entering into this Agreement freely and voluntarily in exchange for their respective promises and agreements in this document.  Shinabargar and Butler agree that:

	
1.

	
Shinabargar is entering into this Agreement in exchange for severance pay and benefits that Shinabargar would not otherwise be entitled to receive, as described in paragraph no. 5 below.

	
2.

	
THIS AGREEMENT EXTINGUISHES ANY CLAIM THAT SHINABARGAR MAY HAVE UNDER THE FEDERAL AGE DISCRIMINATION IN EMPLOYMENT ACT WHICH PROTECTS PERSONS WHO ARE FORTY (40) YEARS OF AGE AND OLDER.  Shinabargar may consider this Agreement for 21 days from the date that Shinabargar received this Agreement.  Shinabargar received this Agreement on November 19, 2013, and may have up to the close of business on December 10, 2013 to execute and return this Agreement "as is" without modifications to Clark Stewart at Butler at the following address:  Butler National Corporation, 19920 West 161st, Olathe, KS  66062.  If Shinabargar fails to execute and return this Agreement "as is" without modifications within that 21-day deadline, Shinabargar will not receive the compensation and benefits recited in paragraph no. 5 of this Agreement.  Any material or immaterial changes to this Agreement after the start of the 21-day period do not restart the 21-day period.

	
3.

	
After Shinabargar executes this Agreement, she may revoke this Agreement by delivering to Butler a written statement that clearly revokes the Agreement.  In order for the written revocation to be effective, the revocation must be received by Clark Stewart at Butler within seven (7) days after Shinabargar signs this Agreement at the following address Butler National Corporation, 19920 West 161st, Olathe, KS  66062.  This Agreement will not be effective until after that seven day period has expired.

	
4.

	
In exchange for the payments that are referenced in paragraph no. 5 below, Shinabargar releases Butler and all of its subsidiaries, affiliates, agents, officers, directors and employees from any and all known and unknown claims, damages and liabilities including but not limited to claims of: (a) wrongful discharge, (b) disability discrimination, (c) sexual harassment, (d) race discrimination, (e) sex discrimination, (f) religion discrimination, (g) national origin discrimination, (h) breach of an employment contract, or any other contract (i) age discrimination, (j) retaliatory discharge, (k) wage/hour or overtime violations, (l) defamation, (m) any claim for reimbursement of legal fees, (n) any statutory, tort or equitable claim, (o) any other claim arising from or in any way connected with Shinabargar's employment by Butler, (p) any claim of wrongful dismissal under the Employee Retirement Income Security Act, (q) any claim of fraud, (r) any claim under the Worker Adjustment and Retraining Notification Act, (s) any claim under the federal Fair Credit Reporting Act and any state statute regarding credit reporting, (t) any claim under the Kansas Wage Payment Act, (u) any claim under the Family and Medical Leave Act, (v) negligent or intentional infliction of emotional distress, and (w) any claims under the Kansas Acts Against Discrimination, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, and the Age Discrimination in Employment Act.  This release does not waive claims for unemployment benefits or accrued benefits under ERISA, and does not waive claims for events occurring after the execution of this Agreement. If any release language in this paragraph is unenforceable, the remaining terms of this agreement shall be enforceable.  If Shinabargar is legally entitled to file a charge with the U.S. Equal Employment Opportunity Commission that would otherwise have been released by this paragraph, Shinabargar agrees to waive her claim for monetary damages as a result of such charge, and to the extent permissible assigns to Butler any damages that may be awarded as a result of the Equal Employment Opportunity Commission or others pursuing the claim.  In addition, this agreement does not limit Shinabargar's right to testify, assist or participate in an investigation, hearing or proceeding conducted by the EEOC.

1

	
5.

	
Butler will pay Shinabargar through Butler's payments on Fridays the gross pre-tax aggregate amount of $41,345.20 [Forty-One Thousand Three Hundred Forty-Five Dollars and Twenty Cents] (which is equal to 13 weeks of pay) as full and complete compensation for the releases recited in this document and for all claims recited by Shinabargar, and for all compensation owed to Shinabargar and as full and complete satisfaction for all known and unknown claims. Shinabargar will receive 1099's for tax years 2013 and 2014 for the payments recited in paragraph no. 9 of this Agreement.  The payments will be made to Shinabargar as provided in paragraph no. 9 of this Agreement.

	
6.

	
Shinabargar has also received Shinabargar's pay for time worked through November 23, 2013.  Shinabargar understands that Shinabargar has receivde her full pay for time worked even if Shinabargar does not sign this Agreement.

	
7.

	
Shinabargar assumes responsibility for all taxes that may be owed by Shinabargar as a result of the payments recited in paragraphs no. 5 and no. 6.  Shinabargar acknowledges that this Agreement is not intended to advise Shinabargar regarding her tax obligations, and this Agreement does not advise Shinabargar regarding her tax obligations.  NOTICE PURSUANT TO INTERNAL REVENUE CIRCULAR 230: This Agreement and any payment allocation recited in this Agreement cannot be used by any taxpayer for the purpose of avoiding penalties with respect to taxes that may be imposed upon the taxpayer.

2

	
8.

	
Shinabargar understands that the termination of Shinabargar's employment on November 19, 2013, and the corresponding reduction in her hours worked, shall constitute the "qualifying event" for Shinabargar's eligibility to continue group health insurance coverage under 29 U.S.C. § 1161.

	
9.

	
Butler will mail the first payment (in the amount of Three Thousand One Hundred and Eighty Dollars and Forty Cents ($3,180.40)) pursuant to Paragraph no. 5 by certified or registered mail to Shinabargar on or before the first Friday following the 10th day after Butler receives a copy of this Agreement with Shinabargar's original and notarized signature.  Shinabargar will receive twelve (12) additional payments of Three Thousand One Hundred and Eighty Dollars and Forty Cents ($3,180.40) on each of the twelve (12) Fridays after the first payment, for a total of thirteen (13) payments.  Butler's obligations to deliver the first payment and all subsequent payments will be complete when the checks are placed in the U.S. mail, by certified or registered mail.  If Shinabargar possesses property owned by Butler, the obligation of Butler to deliver the severance payment will be suspended and delayed until after Butler receives the property from Shinabargar.

	
10.

	
Shinabargar understands that she may discuss this Agreement with an attorney and with the Equal Employment Opportunity Commission, the Kansas Human Rights Commission, the Kansas City Human Relations Department, and the U.S. Department of Labor.  If Shinabargar does not review this agreement with an attorney or with any of the foregoing agencies, she does so voluntarily and knowingly.

	
11.

	
Shinabargar contracts and agrees that she will not directly or indirectly file or initiate any suit, claim or grievance against Butler or its wholly-owned subsidiaries, affiliates, agents, officers, directors or employees.  If any individual or entity files or initiates any suit, claim or grievance against Butler, or any of its wholly-owned subsidiaries, affiliates, agents, officers, directors or employees on behalf of Shinabargar, she will arrange for that individual or entity to immediately dismiss and withdraw that claim, suit or grievance.  Shinabargar waives any right to damages resulting from a claim initiated by a third party.

	
12.

	
Shinabargar has attached to this Agreement a document that lists any and all job-related injuries (if any) that Shinabargar believes she has suffered as the result of Shinabargar's employment with Butler.  If Shinabargar has not attached a document identifying job-related injuries, it is because Shinabargar is not currently aware of any job-related injury.  This Agreement does not extinguish claims for job-related injuries.

	
13.

	
Shinabargar will not seek re-employment at Butler, and waives any right or claim to re-employment.

	
14.

	
Shinabargar will not disclose the terms or existence of this Agreement except to her spouse, or as legally required, or as necessary to complete Shinabargar's tax returns.  If Shinabargar violates this obligation she will return to Butler all funds paid under this Agreement.  This obligation is a material element of this Agreement.

3

	
15.

	
Shinabargar will not make any disparaging verbal comment or written statement regarding Butler (including without limitation in or on any social media, blog, or other electronic/internet source).  This obligation is a material element of this Agreement.  No disparaging written statements regarding Shinabargar (including without limitation in or on any social media, blog, or other electronic/internet source) will be made by any officers or directors of Butler.

	
16.

	
Butler further agrees to provide neutral references to any person or entity inquiring about Shinabargar's employment.

	
17.

	
Shinabargar and Butler enter into this Agreement freely and voluntarily after receiving sufficient opportunity to review this Agreement.

	
18.

	
Shinabargar understands and agrees that this Agreement is an effort by Butler to ease her financial difficulties while she obtains replacement employment.  Shinabargar accordingly acknowledges that this Agreement is not an implication or indication of any wrongdoing or liability on the part of Butler or its wholly-owned subsidiaries, affiliates, agents, officers or employees.

	
19.

	
Shinabargar authorizes and permits the agents, officers and employees of Butler to open any and all mail addressed to Shinabargar that is received at the offices of Butler.  Shinabargar also authorizes and permits the agents, officers and employees of Butler to access Shinabargar's voicemail and email that is received at the offices of Butler.

	
20.

	
Shinabargar agrees that she will cooperate fully with Butler, or any of its wholly-owned subsidiaries, affiliates, agents, officers and employees if her services are needed after the date of this Agreement for purposes of any audits of any activities during Shinabargar's employment with Butler and for information for access to any Butler accounts, systems or computers, including, but not limited to passwords, access codes and account names and numbers.

	
21.

	
Butler has not made any additional promises to Shinabargar, and Shinabargar does not expect to receive anything more than the severance pay that is recited in this Agreement.

	
22.

	
This Agreement does not cancel or void any confidentiality and non-compete obligations of Shinabargar that are recited in Butler's employee manual and in any prior agreement between the parties.  Nothing in this Agreement is intended to, or shall limit, supersede, nullify, or affect any other duty or responsibility Shinabargar may have or owe to Butler by virtue of any separate or pre-existing obligation or agreement regarding non-compete, non-solicitation and non-disparagement obligations.  This Agreement supersedes and nullifies any compensation obligations of Butler contained in any prior agreement between the parties.

4

	
23.

	
Shinabargar has no unresolved disagreements with Butler on any matter of accounting principles or practices or financial statement disclosure which materially impacts the fairness or reliability of either Butler's filings with the Securities Exchange Commission or the financial statements of Butler or any of its subsidiaries or affiliates.

	
24.

	
Shinabargar acknowledges and agrees that (a) she may not buy or sell securities of Butler on the basis of material non-public information obtained from Butler or any person associated with Butler; (b) she may not furnish ("tip") material non-public information about Butler to any person and (c) Section 16(b) of the Securities Exchange Act of 1934 (as amended) which subjects insiders such as Shinabargar to the loss of profits on any sale and purchase of Butler equity securities within a six-month period, continues to apply to non-exempt transactions that occur within six months of an opposite-way, non-exempt transaction that took place while she was an employee of Butler

/s/ Angela Shinabargar                                                      

Angela Shinabargar

STATE OF KANSAS                                                                      )

) ss.

COUNTY OF ________                                                      )

I hereby certify that on this _____ day of _______________, 2013, __________, to me personally known, came before me, a Notary Public, and executed the foregoing as her free act and deed.

________________________________

NOTARY PUBLIC

My commission expires: ____________________________

BUTLER NATIONAL CORPORATION

By: /s/ Clark D. Stewart

Title: President and CEO

Date: December 13, 2013

5LEE 2013Q4 ex10.33.2

Exhibit 10.33.2

INCENTIVE STOCK OPTION AGREEMENT
[Date]

[Recipient Name & Address]

Dear ____________,

I am pleased to inform you that you have been granted an Incentive Stock Option to purchase __________ shares of Lee Enterprises, Incorporated Common Stock, $0.01 par value.  You are receiving this award under the Company’s 1990 Long-Term Incentive Plan (Effective October 1, 1999, as amended effective January 6, 2010), as presently written or later amended (the “Plan”), as outlined below.

SUMMARY OF AWARD
Granted To:        
Grant Date:        

        Stock Option Award:        

Option Price Per Share:    $        Total Cost to Exercise: $    

    Expiration Date:        

        Vesting Schedule:         on        or     % of the shares
 on        or     %of the shares
 on        or     % of the shares

LEE ENTERPRISES, INCORPORATED

By _________________________________    
     
By clicking on the “I agree” box at the top of this electronic mail message, I acknowledge receipt of this Stock Option Award as of the Grant Date above, which has been issued to me under the terms and conditions of the Plan and as stated in this letter agreement.  I further acknowledge I can obtain the Prospectus, including the Plan at http://www.lee.net/prospectus.  I agree to all of the terms and conditions of this letter agreement and the Plan.

If an “I Agree” box does not appear at the top of this signature, your 
consent may be acknowledged by printing out this form, signing, dating
and faxing it to              at (___)         .

Signature:  ____________________________            Date: ____________________
                   [Name]

Note:      If there are any discrepancies in the name or address shown above,
              or if you are unable to access the Prospectus, please notify
 at (___)         .

SUMMARY OF ADDITIONAL TERMS OF AWARD

1.   Incentive Stock Option Award.

(a)  To the extent that this option is not exercised by you when it becomes initially exercisable, it will not expire but will be carried forward and will be exercisable at any time thereafter.  However, this option will not be exercisable after the expiration of ten (10) years from the Grant Date and then this letter will automatically terminate.  

(b)  This option may be exercised in whole or from time to time in part, provided that no partial exercise may be for less than ten (10) full shares of the Company’s Common Stock or its equivalent.  You must give written notice of election to exercise this option in whole or in part to the Company.  When you have exercised this option in full before ten (10) years from the Grant Date, then this letter agreement will automatically terminate.  If the option is being exercised by any person other than you, the notice must be accompanied by proof, satisfactory to the Company, of the right of such person to exercise the option.  Such notice must state the number of shares with respect to which the option is being exercised and payment needs to be made three business days from stock purchase settlement period after the trade to repay the Company with a check or draft payable to the Company for the amount of the purchase price.  Generally, upon receipt of the purchase price, the Company will instruct its transfer agent to (a) credit to an account established in your name the number of shares of the Company’s Common Stock issued upon exercise or (b) countersign and deliver to such other person exercising the option, a certificate for the number of shares purchased.

(c)  This option may not be transferable and may not be encumbered or disposed of in whole or in part during your lifetime.  During your lifetime this option may be exercised only by you.  Upon your death any rights to the extent exercisable on the date of death may be exercised by your estate or by a person who acquires the right to exercise this option by bequest or inheritance or by reason of your death, provided that such exercise occurs within the remaining effective term of the option.

(d)  On termination of your employment by reason of retirement under a retirement plan of the Company or any of its subsidiaries, you may at any time within a period of three (3) months after such termination exercise this option to the extent it was exercisable by you on the date of termination.  As used in this option, “employment” means employment by the Company or any subsidiary of the Company as defined in Section 424(f) of the Internal Revenue Code, as from time to time amended, and any implementing regulations.

(e)  On termination of your employment by reason of permanent and total disability, as defined in Section 22(e)(3) of the Internal Revenue Code, as from time to time amended, and any implementing regulations, you may at any time within a period of twelve (12) months after such termination exercise this option to the extent it was exercisable by you on the date of termination.

(f)  On termination of your employment for any reason other than death, permanent and total disability or retirement, all rights to purchase shares under this option will automatically terminate on the thirtieth (30th) day after such cessation of employment.    

(g)  This option award includes the right to acquire an Accelerated Ownership Non-Qualified Stock Option (“AO”). If you pay all or part of the purchase price of the option with shares of the Company’s Common Stock held by you for at least one (1) year, then upon exercise of the option you will be granted the additional option to purchase, at the price per share equal to the Fair Market Value at the date of that later grant, the number of shares of the Company’s Common Stock equal to the number of whole shares of the Company’s Common Stock used by you in payment of the purchase price and the number of whole shares of the Company’s Common Stock, if any, withheld by the Company as payment for applicable withholding taxes. An AO may be exercised no earlier than one (1) year after its grant and no later than the date of expiration of this letter agreement.

(h)  This option is subject to the requirement that, at any time the Board of Directors determines, in its discretion, that the listing, registration or qualification of the shares subject to this option on any securities exchange or under any state or federal law, or the consent or approval of any government regulatory body, is necessary or desirable as a condition of, or in connection with, the granting of this option or the issue or purchase of shares under this letter agreement, this option may not be exercised in whole or in part unless such listing, registration, qualification, consent or approval has been effected or obtained free of any conditions not acceptable to the Board of Directors.

(i)  If you are granted a leave of absence, the Company’s Executive Compensation Committee (the “Committee”) may agree to continue this option while you remain an employee of the Company or a subsidiary of the Company as it may deem equitable, except that in no event will the option be exercised after the expiration of ten (10) years from the Grant Date. Any provision for continuation of the exercise of an AO may not extend beyond the date of expiration of this letter agreement.

(j)  The Plan is incorporated in this letter agreement by reference and is made a part of this letter agreement as if fully set forth in this letter agreement. The Plan will control if there is any conflict between the Plan and this letter agreement. Also, the Plan will control on such matters as are not contained in this letter agreement. Defined terms which are not given specific meaning in this letter agreement will have the meanings used in the Plan.

(k)  Any dispute or disagreement which will arise under, as a result of, or in any way relate to the interpretation or construction of this letter agreement will be determined by the Committee. Any such determination made under this letter agreement will be final, binding and conclusive for all purposes.

2.  Change in Present Stock.  If any change in the outstanding shares of the Company’s Common Stock by reason of any stock dividend or split, recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other corporate change, or any distributions to common shareholders other than cash dividends occurs, the Committee will make such substitution or adjustment, if any, as it deems to be equitable (a) to accomplish fairly the purposes of the Plan, and (b) to preserve the intended benefits of the Plan to the Participants and the Company, as to the number or kind of shares of the Company’s Common Stock or other securities issued or reserved for issuance under the Plan.

3. Change in Control. In spite of any other provision of the Plan to the contrary, if a Change of Control, as defined in the Plan, is determined to have occurred, any stock options which are not then exerciseable and vested will become fully exerciseable and vested to the full extent of the original grant.

4.  Effect Upon Employment.  Nothing contained in this letter agreement will restrict the right of the Company to terminate your employment at any time with or without cause.

5.  Notices.  Each notice relating to this letter agreement must be in writing and delivered in person or by registered or certified mail, and if given to the Company, at its office, 201 N. Harrison Street, Suite 600, Davenport, Iowa  52801, attention of the Vice President-Human Resources. Notices given to you or other person or persons then entitled to exercise this award will be given at your last address given to the Company. Either party may change the address to which such notices are to be given by notice in writing to the other in accordance with the terms of this letter agreement.

6.  Governing Law.  This letter agreement is governed by the laws of the State of Delaware.

7.  Successors in Interest.  This letter agreement will inure to the benefit of and be binding on each successor and assign of the Company and your heirs, legatees and legal representatives.

NON-QUALIFIED STOCK OPTION AGREEMENT
[Date]

[Recipient Name & Address]

Dear ____________,

I am pleased to inform you that you have been granted a Non-Qualified Stock Option to purchase __________ shares of Lee Enterprises, Incorporated Common Stock, $0.01 par value.  You are receiving this award under the Company’s 1990 Long-Term Incentive Plan (Effective October 1, 1999, as amended effective January 6, 2010), as presently written or later amended (the “Plan”), as outlined below.

SUMMARY OF AWARD
Granted To:        
Grant Date:            

        Stock Option Award:        

Option Price Per Share:    $        Total Cost to Exercise: $    

    Expiration Date:        

        Vesting Schedule:         on        or     % of the shares
 on        or     % of the shares
 on        or     % of the shares

LEE ENTERPRISES, INCORPORATED

By _________________________________    
     
By clicking on the “I agree” box at the top of this electronic mail message, I acknowledge receipt of this Stock Option Award as of the Grant Date above, which has been issued to me under the terms and conditions of the Plan and as stated in this letter agreement.  I further acknowledge I can obtain the Prospectus, including the Plan at http://www.lee.net/prospectus.  I agree to all of the terms and conditions of this letter agreement and the Plan.

If an “I Agree” box does not appear at the top of this signature, your 
consent may be acknowledged by printing out this form, signing, dating
and faxing it to              at (___)         .

Signature:  ____________________________            Date: ____________________
                   [Name]

Note:      If there are any discrepancies in the name or address shown above,
              or if you are unable to access the Prospectus, please notify
 at (___)         .

SUMMARY OF ADDITIONAL TERMS OF AWARD

1.   Non-Qualified Stock Option Award.

(a)  To the extent that this option is not exercised by you when it becomes initially exercisable, it will not expire but will be carried forward and will be exercisable at any time thereafter.  However, this option will not be exercisable after the expiration of ten (10) years from the Grant Date and then this letter will automatically terminate.  Also, this option is subject to and must comply with such limitations as may be prescribed by Section 422(d) of the Internal Revenue Code of 1986, as from time to time amended, and any implementing regulations.

(b)  This option may be exercised in whole or from time to time in part, provided that no partial exercise may be for less than ten (10) full shares of the Company’s Common Stock or its equivalent.  You must give written notice of election to exercise this option in whole or in part to the Company.  When you have exercised this option in full before ten (10) years from the Grant Date, then this letter agreement will automatically terminate.  If the option is being exercised by any person other than you, the notice must be accompanied by proof, satisfactory to the Company, of the right of such person to exercise the option.  Such notice must state the number of shares with respect to which the option is being exercised and payment needs to be made three business days from stock purchase settlement period after the trade to repay the Company  with a check or draft payable to the Company for the amount of the purchase price.  Generally, upon receipt of the purchase price, the Company will instruct its transfer agent to (a) credit to an account established in your name the number of shares of the Company’s Common Stock issued upon exercise or (b) countersign and deliver to such other person exercising the option, a certificate for the number of shares purchased.

(c)  This option may not be transferable and may not be encumbered or disposed of in whole or in part during your lifetime.  During your lifetime this option may be exercised only by you.  Upon your death any rights to the extent exercisable on the date of death may be exercised by your estate or by a person who acquires the right to exercise this option by bequest or inheritance or by reason of your death, provided that such exercise occurs within the remaining effective term of the option.

(d)  On termination of your employment by reason of retirement under a retirement plan of the Company or any of its subsidiaries, you may at any time within a period of three (3) months after such termination exercise this option to the extent it was exercisable by you on the date of termination.  As used in this option, “employment” means employment by the Company or any subsidiary of the Company as defined in Section 424(f) of the Internal Revenue Code, as from time to time amended, and any implementing regulations.

(e)  On termination of your employment by reason of permanent and total disability, as defined in Section 22(e)(3) of the Internal Revenue Code, as from time to time amended, and any implementing regulations, you may at any time within a period of twelve (12) months after such termination exercise this option to the extent it was exercisable by you on the date of termination.

(f)  On termination of your employment for any reason other than death, permanent and total disability or retirement, all rights to purchase shares under this option will automatically terminate on the thirtieth (30th) day after such cessation of employment.
    
(g)  This option award includes the right to acquire an Accelerated Ownership Non-Qualified Stock Option (“AO”). If you pay all or part of the purchase price of the option with shares of the Company’s Common Stock held by you for at least one (1) year, then upon exercise of the option you will be granted the additional option to purchase, at the price per share equal to the Fair Market Value at the date of that later grant, the number of shares of the Company’s Common Stock equal to the number of whole shares of the Company’s Common Stock used by you in payment of the purchase price and the number of whole shares of the Company’s Common Stock, if any, withheld by the Company as payment for applicable 

withholding taxes. An AO may be exercised no earlier than one (1) year after its grant and no later than the date of expiration of this letter agreement.

(h)  This option is subject to the requirement that, at any time the Board of Directors determines, in its discretion, that the listing, registration or qualification of the shares subject to this option on any securities exchange or under any state or federal law, or the consent or approval of any government regulatory body, is necessary or desirable as a condition of, or in connection with, the granting of this option or the issue or purchase of shares under this letter agreement, this option may not be exercised in whole or in part unless such listing, registration, qualification, consent or approval has been effected or obtained free of any conditions not acceptable to the Board of Directors.

(i)  If you are granted a leave of absence, the Company’s Executive Compensation Committee (the “Committee”) may agree to continue this option while you remain an employee of the Company or a subsidiary of the Company as it may deem equitable, except that in no event will the option be exercised after the expiration of ten (10) years from the Grant Date. Any provision for continuation of the exercise of an AO may not extend beyond the date of expiration of this letter agreement.

(j)  The Plan is incorporated in this letter agreement by reference and is made a part of this letter agreement as if fully set forth in this letter agreement. The Plan will control if there is any conflict between the Plan and this letter agreement. Also, the Plan will control on such matters as are not contained in this letter agreement. Defined terms which are not given specific meaning in this letter agreement will have the meanings used in the Plan.

(k)  Any dispute or disagreement which will arise under, as a result of, or in any way relate to the interpretation or construction of this letter agreement will be determined by the Committee. Any such determination made under this letter agreement will be final, binding and conclusive for all purposes.

2.  Change in Present Stock.  If any change in the outstanding shares of the Company’s Common Stock by reason of any stock dividend or split, recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other corporate change, or any distributions to common shareholders other than cash dividends occurs, the Committee will make such substitution or adjustment, if any, as it deems to be equitable (a) to accomplish fairly the purposes of the Plan, and (b) to preserve the intended benefits of the Plan to the Participants and the Company, as to the number or kind of shares of the Company’s Common Stock or other securities issued or reserved for issuance under the Plan.

3.  Change in Control.  In spite of any other provision of the Plan to the contrary, if a Change of Control, as defined in the Plan, is determined to have occurred, any stock options which are not then exerciseable and vested will become fully exerciseable and vested to the full extent of the original grant.

4.  Effect Upon Employment.  Nothing contained in this letter agreement will restrict the right of the Company to terminate your employment at any time with or without cause.

5.  Notices.  Each notice relating to this letter agreement must be in writing and delivered in person or by registered or certified mail, and if given to the Company, at its office, 201 N. Harrison Street, Suite 600, Davenport, Iowa  52801, attention of the Vice President-Human Resources. Notices given to you or other person or persons then entitled to exercise this award will be given at your last address given to the Company. Either party may change the address to which such notices are to be given by notice in writing to the other in accordance with the terms of this letter agreement.

6.  Governing Law.  This letter agreement is governed by the laws of the State of Delaware.

7.  Successors in Interest.  This letter agreement will inure to the benefit of and be binding on each successor and assign of the Company and your heirs, legatees and legal representatives.

RESTRICTED STOCK AGREEMENT
[Date]

[Recipient Name & Address]

Dear ____________,

I am pleased to inform you that you have been granted a Restricted Stock Award of __________ shares of Lee Enterprises, Incorporated Common Stock, $0.01 par value.  You are receiving this award under the Company’s 1990 Long-Term Incentive Plan (Effective October 1, 1999, as amended effective January 6, 2010), as presently written or later amended (the “Plan”) as outlined below.

SUMMARY OF AWARD

Granted To:        
Grant Date:            

        Restricted Stock Award:        

Restricted Stock Price Per Share:    $    

        Vesting Schedule:    Restricted Stock does not vest until         

LEE ENTERPRISES, INCORPORATED

By _________________________________    
     

By clicking on the “I agree” box at the top of this electronic mail message, I acknowledge receipt of this Restricted Stock Award as of the Grant Date above, which has been issued to me under the terms and conditions of the Plan and as stated in this letter agreement.  I further acknowledge I can obtain the Prospectus, including the Plan at http://www.lee.net/prospectus.  I agree to all of the terms and conditions of this letter agreement and the Plan.

If an “I Agree” box does not appear at the top of this signature, your 
consent may be acknowledged by printing out this form, signing, dating
and faxing it to              at (___)         .

Signature:  ____________________________            Date: ____________________
                   Name

Note:      If there are any discrepancies in the name or address shown above,
              or if you are unable to access the Prospectus, please notify
 at (___)         

SUMMARY OF ADDITIONAL TERMS OF AWARD

1.  Restricted Stock Award.

(a)  You own the Restricted Stock as of the date of this letter agreement, subject to the provisions for your forfeiture described in subparagraph (b) below.

(b) Upon termination of your employment for any reason other than death, permanent and total disability or normal retirement (as defined in the Plan) before __________________ all of your rights to the Restricted Stock will be forfeited to the Company, unless otherwise determined by the Company’s Executive Compensation Committee (the “Committee”). The determination as to waiver of the forfeiture of all or any part of the Restricted Stock Award will be made at the sole, complete and absolute discretion of the Committee. Its determination will be final and binding on you and the Company. No action by the Committee will constitute a waiver of the Committee’s discretion to act at any time under the terms of this letter agreement regarding the matters reserved to its discretion, unless such waiver is unequivocally expressed in writing by the Committee addressed to you and the Company.

(c)  This letter agreement will not be transferable and may not be encumbered or disposed of in whole or in part during your lifetime. During your lifetime and the term of this letter agreement, your rights under this letter agreement may be exercised solely by you. Upon your death any rights, to the extent exercisable or vested on the date of your death, may be exercised by your estate or by a person who acquires the right to ownership of your Restricted Stock by bequest, inheritance or otherwise by reason of your death.  Evidence satisfactory to the Committee of your death and the proper legal standing of your successor in interest must be provided.

(d)  During the term of this letter agreement, you will be entitled to all distributions related to the Restricted Stock. However, any distributions related to the Restricted Stock represented by additional shares of the Company, whether by reason of stock dividend, split-up or other recapitalization of the Company, will be retained and held by the Company for the term of this letter agreement as provided in this letter agreement.

(e) During the term of this letter agreement, the certificates evidencing ownership of the Restricted Stock will be retained by the Company, as security for your performance of all obligations under this letter agreement. By execution of this letter agreement, you are appointing the Company’s chief financial officer as your duly authorized agent and attorney-in-fact for and on your behalf and subject to the terms of this letter agreement to hold and retain your Restricted Stock certificates related to the Restricted Stock granted by this letter agreement or later distributed by the Company during the term of this letter agreement related to the original Restricted Stock. Further, you appoint him or her to execute and deliver to the Company any and all such share certificates you forfeit under the terms of this letter agreement or as otherwise required by the Plan.

(f)  Unless forfeited as described in subparagraph (b) above, your Restricted Stock certificates evidencing ownership of the Restricted Stock will be delivered to you unconditionally and without requirement for payment by you, on _____________.  This letter agreement will terminate upon distribution of the Restricted Stock.

(g)  This grant is subject to the requirement that, if at any time the Company’s Board of Directors determines, in its discretion, that the listing, registration or qualification of the Restricted Stock on any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition of, or in connection with, the granting of this Restricted Stock Award or the issuance or acquisition of your Restricted Stock, the grant will not be effective in whole or in part unless such listing, registration, qualification, consent or approval has been effected or obtained free of any conditions not acceptable to the Company’s Board of Directors.

(h)  The Plan is incorporated in this letter agreement by reference and is made a part of this letter agreement as if fully set forth in this letter agreement. The Plan will control if there is any conflict between the Plan and this letter agreement. Also, the Plan will control on such matters as are not contained in this letter agreement. Defined terms which are not given specific meaning in this letter agreement will have the meanings used in the Plan.

(i)  Any dispute or disagreement which arises under, as a result of, or in any way related to the interpretation or construction of this letter agreement will be determined by the Committee.  Any such determination made under this letter agreement will be final, binding and conclusive for all purposes.

2.  Change in Present Stock.  If any change in the outstanding shares of the Company’s Common Stock by reason of any stock dividend or split, recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other corporate change, or any distributions to common shareholders other than cash dividends occurs, the Committee will make such substitution or adjustment, if any, as it deems to be equitable (a) to accomplish fairly the purposes of the Plan, and (b) to preserve the intended benefits of the Plan to the Participants and the Company, as to the number or kind of shares of the Company’s Common Stock or other securities issued or reserved for issuance under the Plan.

3.  Change in Control. In spite of any other provision of the Plan to the contrary, if a Change of Control, as defined in the Plan, is determined to have occurred, the restrictions and deferral limitations applicable to the Restricted Stock will lapse.  The Restricted Stock will then become free of all restrictions and will be fully vested and transferable to the full extent of the original grant.

4.  Effect Upon Employment.  Nothing contained in this letter agreement will restrict the right of the Company to terminate your employment at any time with or without cause.

5.  Notices.  Each notice relating to this letter agreement must be in writing and delivered in person or by registered or certified mail, and if given to the Company, at its office, 201 N. Harrison Street, Suite 600, Davenport, Iowa  52801, attention of the Vice President-Human Resources. Notices given to you or other person or persons then entitled to exercise this award will be given at your last address given to the Company. Either party may change the address to which such notices are to be given by notice in writing to the other in accordance with the terms of this letter agreement.

6.  Governing Law.  This letter agreement is governed by the laws of the State of Delaware.

7.  Successors in Interest.  This letter agreement will inure to the benefit of and be binding upon each successor and assign of the Company and your heirs, legatees and legal representatives.

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