0001186362-08-000012 Sample Contracts

SEPARATION BENEFIT AGREEMENT
Separation Benefit Agreement • November 13th, 2008 • Exopack Holding Corp • Converted paper & paperboard prods (no contaners/boxes) • Delaware

THIS SEPARATION BENEFIT AGREEMENT (this "Agreement"), is entered into as of November 11, 2008, by and among Exopack, LLC, a Delaware corporation (the "Company"), CPG Finance, Inc., a Delaware corporation and ultimate parent of the Company ("Parent"), and Gary McDaniel (the "Employee").

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Contract
Stock Option Grant Agreement • November 13th, 2008 • Exopack Holding Corp • Converted paper & paperboard prods (no contaners/boxes)

This Grant Agreement, dated as of August 18, 2008 (the “Effective Date”), evidences the grant of an option pursuant to the provisions of the 2005 Stock Option Plan (the “Plan”) of SPG Finance, Inc. (the “Company”) to the individual whose name appears below (the “Optionee”), covering the specific number of shares of Non-Voting Common Stock (the “Shares”) set forth below and on the following terms and conditions:

SEPARATION BENEFIT AGREEMENT
Separation Benefit Agreement • November 13th, 2008 • Exopack Holding Corp • Converted paper & paperboard prods (no contaners/boxes) • Delaware

THIS SEPARATION BENEFIT AGREEMENT (this "Agreement"), is entered into as of November 11, 2008, by and among Exopack, LLC, a Delaware corporation (the "Company"), CPG Finance, Inc., a Delaware corporation anultimate parent of the Company ("Parent"), and Tom Vale (the "Employee").

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