Newark Group, Inc Watch

from S-4 14 pages This Note Is a Global Note Within the Meaning of the Indenture Hereinafter Referred to and Is Registered in the Name of a Depositary or a Nominee of a Depositary or a Successor Depositary. This Note Is Not Exchangeable for Notes Registered in the Name of a Person Other Than the Depositary or Its Nominee Except in the Limited Circumstances Described in the Indenture, and No Transfer of This Note (Other Than a Transfer of This Note as a Whole by the Depositary to a Nominee of the Depositary or by a Nominee of the Depositary to the Depositary or Another Nominee of the Depositary) May Be Registered Except in the Limited Circumstances Described in the Indenture

from S-4 13 pages This Note Is a Global Note Within the Meaning of the Indenture Hereinafter Referred to and Is Registered in the Name of a Depositary or a Nominee of a Depositary or a Successor Depositary. This Note Is Not Exchangeable for Notes Registered in the Name of a Person Other Than the Depositary or Its Nominee Except in the Limited Circumstances Described in the Indenture, and No Transfer of This Note (Other Than a Transfer of This Note as a Whole by the Depositary to a Nominee of the Depositary or by a Nominee of the Depositary to the Depositary or Another Nominee of the Depositary) May Be Registered Except in the Limited Circumstances Described in the Indenture

from S-4 148 pages The Newark Group, Inc., as Issuer the Guarantors Party Hereto From Time to Time, as Guarantors 9-3/4% Senior Subordinated Notes Due 2014 Indenture Dated as of March 12, 2004 the Bank of New York, as Trustee