0001186362-12-000009 Sample Contracts

CPG Finance, Inc. Stock Option Grant Agreement
Stock Option Grant Agreement • March 29th, 2012 • Exopack Holding Corp • Converted paper & paperboard prods (no contaners/boxes)

This Grant Agreement, dated as of February 20, 2012 (the "Effective Date"), evidences the grant of an option pursuant to the provisions of the 2005 Stock Option Plan (the "Plan") of CPG 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:

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SEPARATION BENEFIT AGREEMENT
Separation Benefit Agreement • March 29th, 2012 • Exopack Holding Corp • Converted paper & paperboard prods (no contaners/boxes) • Delaware

THIS SEPARATION BENEFIT AGREEMENT (this "Agreement"), is entered into as of February 20, 2012, by and among Exopack, LLC, a Delaware corporation (the "Company"), CPG Finance, Inc., a Delaware corporation and ultimate parent of the Company ("Parent"), and Miles McHugh (the "Employee").

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