0001193125-07-071283 Sample Contracts

SEPARATION BENEFIT AGREEMENT
Separation Benefit Agreement • April 2nd, 2007 • Exopack Holding Corp • Converted paper & paperboard prods (no contaners/boxes) • Delaware

THIS SEPARATION BENEFIT AGREEMENT (this “Agreement”), is entered into as of March 23, 2007, by and among Exopack, LLC, a Delaware corporation (the “Company”), CPG Finance, Inc., a Delaware corporation and ultimate parent of the Company (“Parent”), and Jon Heard (the “Employee”).

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CPG Finance, Inc. Stock Option Grant Agreement
Grant Agreement • April 2nd, 2007 • Exopack Holding Corp • Converted paper & paperboard prods (no contaners/boxes)

This Grant Agreement, dated as of December 12, 2005 (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:

SEPARATION BENEFIT AGREEMENT
Separation Benefit Agreement • April 2nd, 2007 • Exopack Holding Corp • Converted paper & paperboard prods (no contaners/boxes) • Delaware

THIS SEPARATION BENEFIT AGREEMENT (this “Agreement”), is entered into as of December 12 2005, by and among Exopack, LLC, a Delaware corporation (the “Company”), CPG Finance, Inc., a Delaware corporation and ultimate parent of the Company (“Parent”), and Fred Crowe (the “Employee”).

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