NIL COST OPTION AGREEMENTNil Cost Option Agreement • February 25th, 2005 • Vertis Inc • Services-advertising agencies • New York
This Agreement (the “Agreement”), approved by Thomas H. Lee Equity Fund IV, L.P. (the “Sponsor”), evidences the award of an option (“Option”) to acquire 5,497 shares (each, an “Option Share,” and collectively, the “Option Shares”) of the Common Stock of Vertis Holdings, Inc., a Delaware corporation (the “Company”), granted to you, Adriaan Roosen, effective as of July 27, 2004 (the “Grant Date”), pursuant to the Vertis Holdings, Inc. 1999 Equity Award Plan (the “Plan”) and subject to the terms described below. All of the provisions of the Plan are expressly incorporated into this Agreement.
