Offer to Purchase for Cash All Outstanding Shares of Common Stock of
CUNNINGHAM GRAPHICS INTERNATIONAL, INC.

at
$22.00 Net Per Share
by
FIS ACQUISITION CORP.
a wholly owned subsidiary of
AUTOMATIC DATA PROCESSING, INC.

  THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00
                       MIDNIGHT,
NEW YORK CITY TIME ON THURSDAY, JUNE 8, 2000, UNLESS THE
                   OFFER IS EXTENDED.

May 11, 2000

To Our Clients:

Enclosed for your consideration are the Offer to Purchase, dated May 11, 2000 (the "Offer to Purchase"), and the related Letter of Transmittal (which, as amended from time to time, together constitute the "Offer") in connection with the Offer by FIS Acquisition Corp., a New Jersey corporation (the "Purchaser") and a wholly owned subsidiary of Automatic Data Processing, Inc., a Delaware corporation ("Parent"), to purchase all outstanding shares of common stock, no par value (the "Shares") of Cunningham Graphics International, Inc., a New Jersey corporation (the "Company"), at a price of $22.00 per Share, net to the seller in cash, without interest thereon, upon the terms and subject to the conditions set forth in the Offer to Purchase. Also enclosed is the letter to shareholders of the Company from the President and Chief Executive Officer of the Company accompanied by the Company's Solicitation/ Recommendation Statement on Schedule 14D-9. Unless the context indicates otherwise, as used herein, shareholders shall mean holders of Shares.

Shareholders whose certificates evidencing Shares (the "Share Certificates") are not immediately available or who cannot deliver their Share Certificates and all other documents required by the Letter of Transmittal to Wilmington Trust Company (the "Depositary") prior to the Expiration Date (as defined in the Offer to Purchase) or who cannot complete the procedure for delivery by book-entry transfer to the Depositary's account at the Book-Entry Transfer Facility (as defined in Section 2 of the Offer to Purchase) on a timely basis and who wish to tender their Shares must do so pursuant to the guaranteed delivery procedure described in Section 2 of the Offer to Purchase. See Instruction 2 of the Letter of Transmittal. Delivery of documents to the Book-Entry Transfer Facility in accordance with the Book-Entry Transfer Facility's procedures does not constitute delivery to the Depositary.

THIS MATERIAL IS BEING SENT TO YOU AS THE BENEFICIAL OWNER OF SHARES HELD BY US FOR YOUR ACCOUNT BUT NOT REGISTERED IN YOUR NAME. WE ARE THE HOLDER OF RECORD OF SHARES HELD BY US FOR YOUR ACCOUNT. A TENDER OF SUCH SHARES CAN BE MADE ONLY BY US AS THE HOLDER OF RECORD AND PURSUANT TO YOUR INSTRUCTIONS. THE LETTER OF TRANSMITTAL IS BEING FURNISHED TO YOU FOR YOUR INFORMATION ONLY AND CANNOT BE USED BY YOU TO TENDER SHARES HELD BY US FOR YOUR ACCOUNT.

We request instructions as to whether you wish to have us tender on your behalf any or all of the Shares held by us for your account upon the terms and subject to the conditions set forth in the Offer to Purchase.

Your attention is directed to the following:

1. The offer price is $22.00 per Share, net to you in cash, without interest thereon.

2. The Board of Directors of the Company has unanimously approved the Merger Agreement (as defined below), the Offer and the Merger (as defined below), determined that the Offer and the Merger are advisable

and fair to, and in the best interests of, the shareholders of the Company and unanimously recommends that the shareholders of the Company accept the Offer and tender their Shares pursuant to the Offer.

3. The Offer and withdrawal rights will expire at 12:00 midnight, New York City time, on June 8, 2000, unless the Offer is extended.

4. The Offer is being made for all outstanding Shares.

5. The Offer is being made pursuant to the Agreement and Plan of Merger dated as of May 2, 2000 (the "Merger Agreement"), among the Purchaser, Parent and the Company pursuant to which, following the consummation of the Offer and the satisfaction or waiver of certain conditions, the Purchaser will be merged with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of Parent (the "Merger"). In the Merger, each outstanding Share (other than Shares owned by Parent, the Purchaser or any subsidiary or affiliate of Parent, the Purchaser or by the Company) will be converted into the right to receive $22.00 per Share, net to the seller in cash, without interest, as set forth in the Merger Agreement and described in the Offer to Purchase.

6. The Offer is conditioned upon, among other things, (i) there being validly tendered and not properly withdrawn prior to the expiration of the Offer that number of Shares which, when added to the Shares beneficially owned by the Purchaser or Parent, represents at least a majority of the total number of Shares outstanding on a fully diluted basis on the date of purchase and (ii) the expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. See Section 14 of the Offer to Purchase.

Tendering shareholders will not be obligated to pay brokerage fees or commissions or, except as set forth in Instruction 6 of the Letter of Transmittal, stock transfer taxes on the purchase of Shares by the Purchaser pursuant to the Offer.

The Offer is made solely by the Offer to Purchase and the related Letter of Transmittal and any supplements or amendments thereto and is being made to all holders of Shares. The Offer is not being made to (nor will tenders be accepted from or on behalf of) holders of Shares in any jurisdiction in which the making of the Offer or the acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. Neither the Purchaser nor Parent is aware of any jurisdiction in which the making of the Offer or the acceptance thereof would not be in compliance with the laws of such jurisdiction. To the extent the Purchaser or Parent becomes aware of any state law that would limit the class of offerees in the Offer, the Purchaser will amend the Offer and, depending on the timing of such amendment, if any, will extend the Offer to provide adequate dissemination of such information to such holders of shares prior to the expiration of the Offer. In any jurisdiction the securities, blue sky or other laws of which require the Offer to be made by a licensed broker or dealer, the Offer is being made on behalf of the Purchaser by Lehman Brothers Inc. or one or more registered brokers or dealers licensed under the laws of such jurisdiction.

If you wish to have us tender any or all of your Shares, please so instruct us by completing, executing and returning to us the instruction form contained in this letter. An envelope in which to return your instructions to us is enclosed. If you authorize the tender of your Shares, all such Shares will be tendered unless otherwise specified on the instruction form contained in this letter. YOUR INSTRUCTIONS SHOULD BE FORWARDED TO US IN AMPLE TIME TO PERMIT US TO SUBMIT A TENDER ON YOUR BEHALF PRIOR TO THE EXPIRATION OF THE OFFER.

In all cases, payment for Shares accepted for payment pursuant to the Offer will be made only after timely receipt by the Depositary of (i) certificates for (or a timely Book-Entry Confirmation (as defined in the Offer to Purchase) with respect to such Shares, (ii) a Letter of Transmittal (or a facsimile thereof), properly completed and duly executed, with any required signature guarantees, or, in the case of a book-entry transfer effected pursuant to the procedures described in Section 2 of the Offer to Purchase, an Agent's Message (as defined in the Offer to Purchase), and (iii) any other documents required by the Letter of Transmittal. Accordingly, tendering shareholders may be paid at different times depending upon when certificates for Shares or Book-Entry Confirmations with respect to Shares are actually received by the Depositary. THE PURCHASER SHALL NOT HAVE ANY OBLIGATION TO PAY INTEREST ON THE PURCHASE PRICE FOR TENDERED SHARES, WHETHER OR NOT THE PURCHASER EXERCISES ITS RIGHT TO EXTEND THE OFFER.

If holders of Shares wish to tender Shares, but it is impracticable for them to forward their Share Certificates or other required documents to the Depositary prior to the Expiration Date or to comply with the procedures for book-entry transfer on a timely basis, a tender may be effected by following the guaranteed delivery procedures specified under Section 2 of the Offer to Purchase.

INSTRUCTIONS WITH RESPECT TO THE
OFFER TO PURCHASE FOR CASH
ALL OUTSTANDING SHARES OF
COMMON STOCK
of
CUNNINGHAM GRAPHICS INTERNATIONAL, INC.
at
$22.00 Net Per Share
by
FIS ACQUISITION CORP.
a wholly owned subsidiary of
AUTOMATIC DATA PROCESSING, INC.

The undersigned acknowledge(s) receipt of your letter and the enclosed Offer to Purchase, dated May 11, 2000, and the related Letter of Transmittal (which, as amended from time to time, together constitute the "Offer"), in connection with the Offer by FIS Acquisition Corp., a New Jersey corporation (the "Purchaser") and a wholly owned subsidiary of Automatic Data Processing, Inc., a Delaware corporation ("Parent"), to purchase all outstanding shares of common stock, no par value (the "Shares"), of Cunningham Graphics International, Inc., a New Jersey corporation (the "Company"), at a price equal to $22.00 per Share, net to the seller in cash without interest thereon.

This will instruct you to tender to the Purchaser the number of Shares indicated below (or, if no number is indicated below, all Shares) held by you for the account of the undersigned, upon the terms and subject to the conditions set forth in the Offer to Purchase.

Number of Shares to be Tendered:*____________________

                                                                        SIGN HERE

                                                    -------------------------------------------------

Account Number: ------------------------            -------------------------------------------------
                                                                       Signature(s)

                                                    -------------------------------------------------

Dated: , 2000                                       -------------------------------------------------
                                                               Please type or print name(s)

                                                    -------------------------------------------------

                                                    -------------------------------------------------

                                                    -------------------------------------------------
                                                          Please type or print address(es) here

                                                    -------------------------------------------------
                                                              Area Code and Telephone Number

                                                    -------------------------------------------------
                                                                Taxpayer Identification or
                                                                Social Security Number(s)

* Unless otherwise indicated, it will be assumed that all Shares held by us for

-----------------------------------------------
                           GIVE THE
                           SOCIAL SECURITY
FOR THIS TYPE OF ACCOUNT:  NUMBER OF--
-----------------------------------------------
1.   Individual            The individual

2.   Two or more           The actual owner of
     individuals (joint    the account or, if
     account)              combined funds, the
                           first individual on
                           the account(1)

3.   Custodian account of  The minor(2)
     a minor (Uniform
     Gift to Minors Act)

4.   a. The usual          The
       revocable           grantor-trustee(1)

     b. So-called trust    The actual owner(1)
       account that is
       not a legal or
       valid trust under
       state law

5.   Sole proprietorship   The owner(3)
-----------------------------------------------
                           GIVE THE EMPLOYER
                           IDENTIFICATION
FOR THIS TYPE OF ACCOUNT:  NUMBER OF--
-----------------------------------------------

6.   Sole proprietorship   The owner(3)

7.   A valid trust,        The legal entity(4)
     estate, or pension
     trust

8.   Corporate             The corporation

9.   Association, club,    The organization
     religious,
     charitable,
     educational, or
     other tax-exempt
     organization

10.  Partnership           The partnership

11.  A broker or           The broker or
     registered nominee    nominee

12.  Account with the      The public entity
     Department of
     Agriculture in the
     name of a public
     entity (such as a
     state or local
     government, school
     district, or prison)
     that receives
     agricultural program
     payments

(1) List first and circle the name of the person whose number you furnish. If only one person on a joint account has a social security number, that person's number must be furnished.

(2) Circle the minor's name and furnish the minor's social security number.

(3) You must show your individual name, but you may also enter your business or "doing business as" name. You may use either your social security number of your employer identification number (if you have one).

(4) List first and circle the name of the legal trust, estate, or pension trust. (Do not furnish the taxpayer identification number of the personal representative or trustee unless the legal entity itself is not designated in the account title).

NOTE: IF NO NAME IS CIRCLED WHEN THERE IS MORE THAN ONE NAME LISTED, THE NUMBER WILL BE CONSIDERED TO BE THAT OF THE FIRST NAME LISTED.

GUIDELINES FOR CERTIFICATION OF TAXPAYER IDENTIFICATION
NUMBER ON SUBSTITUTE FORM W-9

OBTAINING A NUMBER

If you don't have a taxpayer identification number, obtain Form SS-5, Application for a Social Security Administration office, or Form SS-4, Application for Employer Identification Number, by calling 1 (800) TAX-FORM, and apply for a number.

PAYEES EXEMPT FROM BACKUP WITHHOLDING

PAYEES SPECIFICALLY EXEMPTED FROM THE WITHHOLDING INCLUDE

- An organization exempt from tax under Section 501(a), a individual retirement account (IRA), or a custodial account under Section 403
(b) (7), if the account satisfies the requirements of Section 401 (f) (2).

- The United States or a state thereof, the District of Columbia, a possession of the United States, or a political subdivision or wholly-owned agency or instrumentality of any of the foregoing.

- An international organization or any agency or instrumentality thereof.

- A foreign government an any political subdivision, agency or instrumentality thereof.

PAYEES THAT MAY BE EXEMPT FROM BACKUP WITHHOLDING INCLUDE:

- A corporation.

- A financial institution.

- A dealer of securities or commodities required to register in the United States, the District of Columbia, a possession of the United States

- A real estate investment trust.

- A common trust fund operated by a bank under Section 584(a).

- An entity registered at all times during the tax year under the Investment Company Act of 1940.

- A middleman know in the investment community as a nominee or who is listed in the most recent publication of the American Society of Corporate Secretaries, Inc. Nominee List.

- A futures commission merchant registered with the Commodity Futures Trading Commission.

- A foreign central bank

PAYEES OF DIVIDENDS AND PATRONAGE DIVIDENDS GENERALLY EXEMPT FROM BACKUP WITHHOLDING INCLUDE:

- Payments to nonresident aliens subject to withholding under Section 1441

- Payments to partnerships not engaged in a trade or business in the United States and that have at least one nonresident alien partner.

- Payments of patronage dividends not paid in money.

- Payments made by certain foreign organizations.

- Section 404(k) payments made by an ESOP

PAYEES OF INTEREST GENERALLY EXEMPT FROM BACKUP WITHHOLDING INCLUDE:

- Payments of tax-exempt interest (including exempt-interest dividends under
Section 852).

- Payments described in Section 6049(b)(5) to nonresident aliens.

- Payments on tax-free covenant bonds under Section 1451.

- Payments made by certain foreign organizations.

CERTAIN PAYMENTS, OTHER THAN PAYMENTS OF INTEREST, DIVIDENDS, AND PATRONAGE DIVIDENDS, THAT ARE EXEMPT FROM INFORMATION REPORTING ARE ALSO EXEMPT FROM BACKUP WITHHOLDING. FOR DETAILS, SEE SECTIONS 6041, 6041A, 6042, 6044, 6045, 6049, 6050A AND 6050N AND THE REGULATIONS THEREUNDER.

EXEMPT PAYEES SHOULD COMPLETE A SUBSTITUTE FORM W-9 TO AVOID POSSIBLE ERRONEOUS BACKUP WITHHOLDING. FURNISH YOUR TAXPAYER IDENTIFICATION NUMBER, WRITE "EXEMPT" ON THE FORM, SIGN AND DATE THE FORM AND RETURN IT TO THE PAYER.

PRIVACY ACT NOTICE.--Section 6019 requires you to provide your correct taxpayer identification number to payers who must report the payments to the IRS. The IRS uses the numbers for identification purposes and to help verify the accuracy of your return and may also provide this information to various government agencies for tax enforcement or litigation purposes. Payers must be given the numbers whether or not recipients are required to file tax returns. Payers must generally withhold 31% of taxable interest, dividend, and certain other payments to a payee who does nor furnish a taxpayer identification number to a payer. Certain penalties may also apply.

PENALTIES

(1) FAILURE TO FURNISH TAXPAYER IDENTIFICATION NUMBER.--If you fail to furnish your taxpayer identification number to a payer, you are subject to a penalty of $50 for each such failure unless your failure is due to reasonable cause and not willful neglect.

(2) CIVIL PENALTY FOR FALSE INFORMATION WITH RESPECT TO WITHHOLDING.--If you make a false statement with no reasonable basis that results in no backup withholding, you are subject to a $500 penalty.

(3) CRIMINAL PENALTY FOR FALSIFYING INFORMATION.--Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment.

FOR ADDITIONAL INFORMATION CONTACT
YOUR TAX CONSULTANT OR THE INTERNAL

Exhibit (a)(1)(G)

FOR IMMEDIATE RELEASE

ADP TO ACQUIRE CUNNINGHAM GRAPHICS

ROSELAND, NJ, May 3, 2000--Automatic Data Processing, Inc. (NYSE:AUD), has entered into a definitive agreement to acquire Cunningham Graphics International, Inc. (NASD:CGII) (Cunningham) for $22 per share in cash, Arthur F. Weinbach, chairman and chief executive officer announced today.

Cunningham, with annual revenues exceeding $160 million, is a leading provider of time-sensitive printing to the financial services industry, specializing in printing and distribution of complex research reports.

Commenting on the transaction, Mr. Weinbach said, "Cunningham's services are a natural extension of the print and distribution services of our Brokerage Services Investor Communications business. With the acquisition we will be better able to (1) offer coordinated, one-stop shopping to meet a broad array of financial industry investor communication needs, and (2) increase our ability to offer both print and electronic distribution of critical investor documents."

The transaction is subject to customary closing conditions and various regulatory approvals. ADP expects to commence a tender offer to purchase all of Cunningham's common shares within the next seven business days. Certain directors and officers of Cunningham, holding in the aggregate approximately 45% of the outstanding common shares, have agreed to tender their common shares pursuant to ADP's offer.

ADP, with over $5 billion in revenue and more than 450,000 clients, is one of the largest independent computing services firms in the world.

THIS ANNOUNCEMENT IS NEITHER AN OFFER TO PURCHASE NOR A SOLICITATION OF AN OFFER TO SELL SHARES OF CUNNINGHAM. AT THE TIME ADP COMMENCES THIS OFFER, IT WILL FILE A TENDER OFFER STATEMENT AND CUNNINGHAM WILL FILE A SOLICITATION/RECOMMENDATION STATEMENT WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION. THE TENDER OFFER STATEMENT (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND OTHER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT WILL CONTAIN IMPORTANT INFORMATION WHICH SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE OFFER. ADP WILL MAKE AVAILABLE TO ALL SHAREHOLDERS OF CUNNINGHAM, AT ADP'S EXPENSE, THE OFFER TO PURCHASE, THE RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER OFFER DOCUMENTS AND CUNNINGHAM WILL MAKE AVAILABLE TO ALL ITS SHAREHOLDERS, AT CUNNINGHAM'S EXPENSE, THE SOLICITATION/RECOMMENDATION STATEMENT. THE TENDER OFFER STATEMENT (INCLUDING THE OFFER TO PURCHASE, THE RELATED LETTER OF TRANSMITTAL AND ALL OTHER OFFER DOCUMENTS FILED WITH THE COMMISSION) AND THE SOLICITATION/RECOMMENDATION STATEMENT WILL ALSO BE AVAILABLE FOR FREE AT THE COMMISSION'S WEBSITE AT WWW.SEC.GOV.

This release contains "forward-looking statements" based on management's expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ from those expressed. Factors that could cause differences include: ADP's success in obtaining, retaining and selling additional services to clients; the pricing of products and services; overall economic trends, including interest rate and foreign currency trends; stock market activity; auto sales and related industry changes; employment levels; changes in technology; availability of skilled technical associates; and the

EXHIBIT (A)(1)(H)

This announcement is neither an offer to purchase nor a solicitation of an offer to sell Shares (as defined below). The Offer (as defined below) is made solely by the Offer to Purchase dated May 11, 2000 and the related Letter of Transmittal (and any amendments or supplements thereto) and is being made to all holders of Shares.

The Purchaser (as defined below) is not aware of any state where the making of the Offer is prohibited by administrative or judicial action pursuant to any valid state statute. If the Purchaser becomes aware of any valid state statute prohibiting the making of the Offer or the acceptance of the Shares pursuant thereto, the Purchaser shall make a good faith effort to comply with such statute. If, after such good faith effort, the Purchaser cannot comply with such statute, the Offer will not be made to nor will tenders be accepted from or on behalf of the holders of Shares in such state.

In those jurisdictions where securities, blue sky or other laws require the Offer to be made by a licensed broker or dealer, the Offer shall be deemed to be made on behalf of the Purchaser by Lehman Brothers Inc. (the "Dealer Manager") or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

NOTICE OF OFFER TO PURCHASE FOR CASH

ALL OUTSTANDING SHARES OF COMMON STOCK

OF

CUNNINGHAM GRAPHICS INTERNATIONAL, INC.

AT

$22.00 NET PER SHARE

BY

FIS ACQUISITION CORP.,

A WHOLLY OWNED SUBSIDIARY OF

AUTOMATIC DATA PROCESSING, INC.

THE OFFER IS CONDITIONED UPON, AMONG OTHER THINGS, (I) THERE BEING VALIDLY TENDERED AND NOT PROPERLY WITHDRAWN PRIOR TO THE EXPIRATION OF THE OFFER THAT NUMBER OF SHARES WHICH, WHEN ADDED TO THE SHARES BENEFICIALLY OWNED BY THE PURCHASER OR PARENT, REPRESENTS AT LEAST A MAJORITY OF THE TOTAL NUMBER OF SHARES OUTSTANDING ON A FULLY DILUTED BASIS ON THE DATE OF PURCHASE AND (II) THE EXPIRATION OR TERMINATION OF ANY APPLICABLE WAITING PERIOD UNDER THE HART-SCOTT-RODINO ANTITRUST IMPROVEMENTS ACT OF 1976, AS AMENDED. SEE SECTION 14 OF THE OFFER TO PURCHASE.

The Offer is being made pursuant to an Agreement and Plan of Merger dated as of May 2, 2000 (the "Merger Agreement"), among Parent, the Purchaser and the Company pursuant to which, following the consummation of the Offer and the satisfaction or waiver of certain conditions, and in accordance with the New Jersey Business Corporation Act (the "NJBCA"), the Purchaser will be merged with and into the Company (the "Merger"). In the Merger, each issued and outstanding Share (other than Shares owned by Parent, the Purchaser or any subsidiary or affiliate of Parent, the Purchaser or by the Company) will be converted into the right to receive $22 in cash, without interest. The Merger Agreement is more fully described in Section 12 of the Offer to Purchase.

THE BOARD OF DIRECTORS OF THE COMPANY HAS UNANIMOUSLY APPROVED THE MERGER AGREEMENT, THE OFFER AND THE MERGER, DETERMINED THAT THE OFFER AND THE MERGER ARE ADVISABLE AND FAIR TO, AND IN THE BEST INTERESTS OF, THE SHAREHOLDERS OF THE COMPANY AND UNANIMOUSLY RECOMMENDS THAT THE SHAREHOLDERS OF THE COMPANY ACCEPT AND TENDER THEIR SHARES PURSUANT TO THE OFFER.

For purposes of the Offer, the Purchaser will be deemed to have accepted for payment, and thereby purchased, Shares validly tendered to the Purchaser and not properly withdrawn as, if and when the Purchaser gives written notice to Wilmington Trust Company (the "Depositary") of the Purchaser's acceptance for payment of such Shares. Upon the terms and subject to the conditions of the Offer, payment for Shares accepted for payment pursuant to the Offer will be made by deposit of the aggregate purchase price therefor with the Depositary, which will act as agent for tendering shareholders for the purpose of receiving payments from the Purchaser and transmitting such payments to validly tendering shareholders whose Shares have been accepted for payment. Under no circumstances will interest on the purchase price for Shares be paid by the Purchaser, regardless of any extension of the Offer or delay in making such payment. In all cases, payment for Shares tendered and accepted for payment pursuant to the Offer will be made only after timely receipt by the Depositary of (i) the certificates evidencing such Shares (the "Share Certificates") or timely confirmation of a book-entry transfer of Shares into the Depositary's account at the Book-Entry Transfer Facility (as defined in the Offer to Purchase) pursuant to the procedures set forth in Section 2 of the Offer to Purchase, (ii) the Letter of Transmittal (or a facsimile thereof), properly completed and duly executed, with all required signature guarantees or, in the case of a book-entry transfer, an Agent's Message (as defined in the Offer to Purchase), and (iii) any other documents required by the Letter of Transmittal.

The Purchaser expressly reserves the right, at any time or from time to time, to extend the period of time during which the Offer is open, if at the expiration date of the Offer any of the conditions specified in Section 14 of the Offer to Purchase have not been satisfied or such extension is required by the Securities and Exchange Commission, by giving written notice of such extension to the Depositary. During any such extension, all Shares previously tendered and not withdrawn will remain subject to the Offer, subject to the rights of a tendering shareholder to withdraw his Shares. Any such extension will be followed as promptly as practicable by public announcement thereof, such announcement to be made no later than 9:00 a.m., New York City time, on the next business day after the previously scheduled expiration date of the Offer.

Under the Merger Agreement and pursuant to Rule 14d-11 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Purchaser may, subject to certain conditions, include a subsequent offering period following the expiration of the Offer. A subsequent offering period is an additional period of time from 3 to 20 business days in length, beginning after the Purchaser purchases Shares tendered in the Offer, during which shareholders may tender, but not withdraw, Shares not tendered in the Offer. Pursuant to Rule 14d-7 under the Exchange Act, no withdrawal rights will be available for Shares tendered during a subsequent offering period and no withdrawal rights will be available during the subsequent offering period with respect to Shares tendered in the Offer and accepted for payment. During the subsequent offering period, the Purchaser will promptly purchase and pay for any Shares tendered at the same price paid in the Offer. See Section 1 of the Offer to Purchase.

Tenders of Shares made pursuant to the Offer are irrevocable except that such Shares may be withdrawn at any time prior to the Expiration Date (as defined below) and, unless theretofore accepted

for payment by the Purchaser pursuant to the Offer, may also be withdrawn at any time after July 11, 2000. The term "Expiration Date" means 12:00 midnight, New York City time, on June 8, 2000, unless and until the Purchaser, in its sole discretion (but subject to the terms and conditions of the Merger Agreement), shall have extended the period during which the Offer is open, in which event the term Expiration Date shall mean the latest time and date at which the Offer, as so extended by the Purchaser, shall expire. For a withdrawal to be effective, a written, telegraphic or facsimile transmission notice of withdrawal must be timely received by the Depositary at its address set forth on the back cover of the Offer to Purchase. Any such notice of withdrawal must specify the name of the person who tendered the Shares to be withdrawn, the number of Shares to be withdrawn and the name of the registered holder of such Shares, if different from that of the person who tendered such Shares. If Share Certificates evidencing Shares to be withdrawn have been delivered or otherwise identified to the Depositary, then, prior to the physical release of such Share Certificates, the serial numbers shown on such Share Certificates must be submitted to the Depositary and the signature(s) on the notice of withdrawal must be guaranteed by an Eligible Institution (as defined in the Offer to Purchase), unless such Shares have been tendered for the account of an Eligible Institution or by a registered holder of Shares who has not completed either the box entitled "Special Delivery Instructions" or the box entitled "Special Payment Instructions" on the Letter of Transmittal. If Shares have been tendered pursuant to the procedure for book-entry transfer as set forth in Section 2 of the Offer to Purchase, any notice of withdrawal must also specify the name and number of the account at the Book-Entry Transfer Facility and otherwise comply with the Book-Entry Transfer Facility's procedures. Any Shares properly withdrawn will thereafter be deemed not validly tendered for purposes of the Offer. Withdrawn Shares may, however, be tendered by repeating one of the procedures set forth in Section 2 of the Offer to Purchase prior to expiration of the Offer. All questions as to the form and validity (including time of receipt) of notices of withdrawal will be determined by the Purchaser, in its sole discretion, whose determination will be final and binding on all parties. None of the Purchaser, Parent, the Depositary, the Information Agent, the Dealer Manager or any other person will be under any duty to give notification of any defects or irregularities in any notice of withdrawal or incur any liability for failure to give any notification.

The information required to be disclosed by paragraph (d)(1) of Rule 14d-6 of the General Rules and Regulations under the Exchange Act is contained in the Offer to Purchase and is incorporated herein by reference. Requests are being made to the Company for the use of the Company's shareholder list and security position listings for the purpose of disseminating the Offer to holders of Shares and communicating with shareholders in connection with the Offer. The Offer to Purchase and the related Letter of Transmittal and, if required, other relevant materials will be mailed to record holders of Shares whose names appear on the Company's shareholder list and will be furnished to brokers, dealers, commercial banks, trust companies and similar persons whose names, or the names of whose nominees appear on the shareholder list or, if applicable, who are listed as participants in a clearing agency's security position listing for subsequent transmittal to beneficial owners of Shares by the Purchaser following receipt of such lists or listings from the Company, or by the Company if it so elects.

THE OFFER TO PURCHASE AND THE RELATED LETTER OF TRANSMITTAL CONTAIN IMPORTANT INFORMATION WHICH SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE OFFER.

Questions and requests for assistance may be directed to the Dealer Manager or the Information Agent at their respective addresses and telephone numbers as set forth below. The Purchaser will not pay any fees or commissions to any broker or dealer or to any other person (other than the Dealer Manager and the Information Agent) for soliciting tenders of Shares pursuant to the Offer. Additional copies of the Offer to Purchase, the Letter of Transmittal and all other tender offer materials may be obtained from the Information Agent or the Dealer Manager, and will be furnished promptly at the Purchaser's expense.

The Information Agent for the Offer is:

INNISFREE M&A INCORPORATED

501 MADISON AVENUE, 20TH FLOOR
NEW YORK, NEW YORK 10022
BANKERS AND BROKERS CALL COLLECT:
(212) 750-5833
ALL OTHERS CALL TOLL FREE:
(888) 750-5834

The Dealer Manager for the Offer is:
LEHMAN BROTHERS INC.
THREE WORLD FINANCIAL CENTER
200 VESEY STREET
NEW YORK, NEW YORK 10285

CALL COLLECT: (212) 526-9611 OR (212) 526-3046

Exhibit 99(d)(1)

EXECUTION COPY

AGREEMENT AND PLAN OF MERGER

AMONG

AUTOMATIC DATA PROCESSING, INC.,

FIS ACQUISITION CORP.

and

CUNNINGHAM GRAPHICS INTERNATIONAL, INC.

Dated as of May 2, 2000

SECTION 1.01  The Offer........................................................................................1
SECTION 1.02  Company Actions..................................................................................3
SECTION 1.03  Shareholder Lists................................................................................4
SECTION 1.04  Directors........................................................................................4

                                ARTICLE II
                                THE MERGER

SECTION 2.01  The Merger.......................................................................................5
SECTION 2.02  Consummation of the Merger.......................................................................5
SECTION 2.03  Effects of the Merger............................................................................5
SECTION 2.04  Certificate of Incorporation and Bylaws..........................................................5
SECTION 2.05  Directors and Officers...........................................................................6
SECTION 2.06  Conversion of Shares.............................................................................6
SECTION 2.07  Conversion of Common Stock of Purchaser..........................................................6
SECTION 2.08  Stockholders'Meeting.............................................................................6
SECTION 2.09  Merger Without Meeting of Shareholders...........................................................6
SECTION 2.10  Withholding Taxes................................................................................7

                                ARTICLE III
                        PAYMENT FOR SHARES; OPTIONS

SECTION 3.01  Payment for Shares...............................................................................7
SECTION 3.02  Closing of the Company's Transfer Books..........................................................8
SECTION 3.03  Existing Stock Options...........................................................................8

                                ARTICLE IV
               REPRESENTATIONS AND WARRANTIES OF THE COMPANY

SECTION 4.01  Organization and Qualification...................................................................9
SECTION 4.02  Capitalization..................................................................................10
SECTION 4.03  Authority for this Agreement....................................................................11
SECTION 4.04  Consents and Approvals; No Violation............................................................11
SECTION 4.05  Reports; Financial Statements...................................................................12
SECTION 4.06  Absence of Certain Changes......................................................................13
SECTION 4.07  Schedule 14D-9; Offer Documents and Proxy Statement.............................................13
SECTION 4.08  Brokers.........................................................................................14
SECTION 4.09  Employee Benefit Matters........................................................................14
SECTION 4.10  Litigation, etc.................................................................................17
SECTION 4.11  Tax Matters.....................................................................................17
SECTION 4.12  Compliance with Law.............................................................................19
SECTION 4.13  Environmental Matters...........................................................................19

SECTION 4.14  Intellectual Property...........................................................................20
SECTION 4.15  Real Property...................................................................................21
SECTION 4.16  Material Contracts..............................................................................22
SECTION 4.17. Opinion of Financial Advisor....................................................................22
SECTION 4.18. Vote Required...................................................................................22
SECTION 4.19. Anti-takeover Plan; State Takeover Statutes.....................................................23
SECTION 4.20. Insurance.......................................................................................23
SECTION 4.21. Accounts Receivable.............................................................................23
SECTION 4.22. Customers.......................................................................................23

                                 ARTICLE V
          REPRESENTATIONS AND WARRANTIES OF PARENT AND PURCHASER

SECTION 5.01  Organization and Qualification..................................................................24
SECTION 5.02  Authority for this Agreement....................................................................24
SECTION 5.03  Offer Documents; Proxy Statement................................................................24
SECTION 5.04  Consents and Approvals; No Violation............................................................24
SECTION 5.05  Operations of Purchaser.........................................................................25
SECTION 5.06  Brokers.........................................................................................25
SECTION 5.07  Litigation......................................................................................25
SECTION 5.08  Sufficient Funds................................................................................25

                                ARTICLE VI
                                 COVENANTS

SECTION 6.01  Conduct of Business of the Company..............................................................25
SECTION 6.02  No Solicitation.................................................................................28
SECTION 6.03  Access to Information...........................................................................29
SECTION 6.04  Reasonable Efforts; Further Actions.............................................................30
SECTION 6.05  Indemnification and Insurance...................................................................30
SECTION 6.06  Employee Matters................................................................................32
SECTION 6.07  Proxy Statement.................................................................................32
SECTION 6.08  Notification of Certain Matters.................................................................33
SECTION 6.09  Press Releases..................................................................................33
SECTION 6.10  Industrial Site Recovery Act Compliance.........................................................33
SECTION 6.11  Designated Business.............................................................................33

                                ARTICLE VII
                 CONDITIONS TO CONSUMMATION OF THE MERGER

SECTION 7.01  Conditions to Each Party's Obligation to Effect the Merger......................................34

                               ARTICLE VIII
                      TERMINATION; AMENDMENT; WAIVER

SECTION 8.01  Termination.....................................................................................34
SECTION 8.02  Effect of Termination...........................................................................35
SECTION 8.03  Fees and Expenses...............................................................................36

SECTION 8.04  Amendment.......................................................................................36
SECTION 8.05  Extension; Waiver; Remedies.....................................................................37

                                ARTICLE IX
                               MISCELLANEOUS

SECTION 9.01  Survival of Representations and Warranties......................................................37
SECTION 9.02  Entire Agreement; Assignment....................................................................37
SECTION 9.03  Validity........................................................................................37
SECTION 9.04  Notices.........................................................................................38
SECTION 9.05  Governing Law...................................................................................39
SECTION 9.06  Descriptive Headings............................................................................39
SECTION 9.07  Parties in Interest.............................................................................39
SECTION 9.08  Counterparts....................................................................................39
SECTION 9.09  Certain Definitions.............................................................................40

 EXHIBIT A ..................................................................................................A-1
 EXHIBIT B ..................................................................................................B-1

DEFINED TERMS                                                                   DEFINED IN SECTION
-------------                                                                   -------------------
Acceptance Date                                                                 Section 3.03(a)
Acquisition Proposal                                                            Section 6.02(f)(i)
Agreement                                                                       Opening Paragraph
Authorizations                                                                  Section 4.13(a)(ii)
Certificates                                                                    Section 3.01(b)
Closing                                                                         Section 2.02
Code                                                                            Section 2.10
Company                                                                         Opening Paragraph
Company Intellectual Property Rights                                            Section 4.14(e)
Company Permits                                                                 Section 4.12
Company SEC Reports                                                             Section 4.05(a)
Company Securities                                                              Section 4.02(a)
Confidentiality Agreement                                                       Section 6.02(b)
Continuing Directors                                                            Section 1.04(b)
Copyrights                                                                      Section 4.14(d)(ii)
Corporation                                                                     Section 2.04
Corporation Law                                                                 Recitals
Designated Business                                                             Section 6.11
Disclosure Letter                                                               Article IV
Effective Time                                                                  Section 2.02
Employee Benefit Plans                                                          Section 4.09(a)
Environmental Law                                                               Section 4.13(b)
ERISA                                                                           Section 4.09(a)
ERISA Affiliates                                                                Section 4.09(c)
Environmental Law                                                               Section 4.13(b)
Exchange Act                                                                    Section 1.01(a)
Expiration Date                                                                 Exhibit A
Existing Stock Options                                                          Section 3.03
Governmental Entity                                                             Section 4.04
Hazardous Substance                                                             Section 4.13(c)
HSR Act                                                                         Section 4.04
Indemnified Parties                                                             Section 6.05
Intellectual Property Rights                                                    Section 4.14(d)
ISRA                                                                            Section 4.04
ISRA Approval                                                                   Section 6.10
Material Adverse Effect                                                         Section 9.09(e)
Material Contract                                                               Section 4.16(a)
Merger                                                                          Section 2.01
Merger Agreement                                                                Exhibit A
Merger Consideration                                                            Section 2.06
Minimum Tender Condition                                                        Exhibit A

Offer                                                                           Section 1.01(a)
Offer Conditions                                                                Section 1.01(a)
Offer Documents                                                                 Section 1.01(b)
Offer Price                                                                     Section 1.01(a)
Option Consideration                                                            Section 3.03
Parent                                                                          Opening Paragraph
Parent Benefit Plan                                                             Section 6.06
Patents                                                                         Section 4.14(d)(iii)
Paying Agent                                                                    Section 3.01(a)
Payment Fund                                                                    Section 3.01(a)
Person                                                                          Section 9.09(f)
Plan of Merger                                                                  Section 1.02(a)
Potential Acquirer                                                              Section 6.02(a)
Preferred Stock                                                                 Section 4.02(a)
Preliminary Proxy Statement                                                     Section 6.07
Proxy Statement                                                                 Section 4.07(b)
Prudential                                                                      Section 1.02(a)
Purchaser                                                                       Opening Paragraph
Real Property Leases                                                            Section 4.15(b)
Release                                                                         Section 4.13(d)
Schedule TO                                                                     Section 1.01(b)
Schedule 14D-9                                                                  Section 1.02(b)
SEC                                                                             Section 1.01(a)
Securities Act                                                                  Section 4.05(a)
Shares                                                                          Section 1.01(a)
Special Meeting                                                                 Section 2.08
Software                                                                        Section 4.14(d)(iv)
Stock Option Plans                                                              Section 3.03(a)
Stock Purchase Plan                                                             Section 3.03(a)
Subsequent Period                                                               Section 1.01(a)(ii)
Subsidiary                                                                      Section 9.09(g)
Subsidiary Securities                                                           Section 4.02(b)
Superior Proposal                                                               Section 6.02(f)(ii)
Surviving Corporation                                                           Section 2.01
Takeover Laws                                                                   Section 1.02(a)
Tax                                                                             Section 9.09(h)
Tax Returns                                                                     Section 9.09(i)
Termination Fee                                                                 Section 8.03(b)
Trademarks                                                                      Section 4.14(d)(i)
Transfer Agent                                                                  Section 1.03
WARN                                                                            Section 4.09(l)
1999 Financial Statements                                                       Section 4.05(b)

AGREEMENT AND PLAN OF MERGER

AGREEMENT AND PLAN OF MERGER (this "AGREEMENT"), dated as of May 2, 2000, among AUTOMATIC DATA PROCESSING, INC., a Delaware corporation ("PARENT"), FIS ACQUISITION CORP., a New Jersey corporation and a wholly owned subsidiary of Parent ("PURCHASER") and CUNNINGHAM GRAPHICS INTERNATIONAL, INC., a New Jersey corporation (the "COMPANY").

RECITALS

WHEREAS, the Boards of Directors of Parent, Purchaser and the Company have each determined that this Agreement and the transactions contemplated hereby, including the Merger (as defined in Section 2.01), are advisable and fair to, and in the best interests of, their respective shareholders;

WHEREAS, the Board of Directors of the Company has adopted resolutions approving the acquisition of the Company by Parent and Purchaser, this Agreement and the transactions contemplated hereby, and has agreed to recommend that the Company's shareholders approve the plan of merger (as such term is used in Section 14A:10-1 of the New Jersey Business Corporation Act (the "CORPORATION LAW")) contained in this Agreement and the transactions contemplated hereby and tender their Shares (as defined in Section 1.01(a)(i));

WHEREAS, simultaneously with the execution and delivery of this Agreement, certain shareholders of the Company have entered into a Voting and Tender Agreement, dated as of the date hereof, with Parent; and

WHEREAS, Parent, Purchaser and the Company desire to make certain representations, warranties, covenants and agreements in connection with this Agreement.

NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein, the parties hereto agree as follows:

ARTICLE I

THE OFFER

SECTION 1.01 THE OFFER.

(a) (i) Provided that this Agreement shall not have been terminated in accordance with Section 8.01 and that none of the events set forth in clause (iii) of Exhibit A hereto shall have occurred or be existing, Purchaser shall, and Parent shall cause Purchaser to, as promptly as practicable (but in no event later than seven (7) business days following the public announcement of the terms of this Agreement) commence (within the meaning of Rule 14d-2 under the Securities Exchange Act of 1934, as amended (the "EXCHANGE ACT")) an offer to purchase all outstanding shares of common stock of the Company, without par value (the "SHARES"), at a price (such price, or any higher price as may be paid in the Offer, the "OFFER PRICE") of $22 per Share, net to the seller in cash (such tender offer, as it may be amended and supplemented from time to time as permitted under this Agreement, the "OFFER"). The obligation

of Purchaser to consummate the Offer and to accept for payment and to pay for any Shares tendered pursuant thereto shall be subject to only the terms and conditions set forth in this Agreement and to those conditions set forth in Exhibit A hereto (the "OFFER CONDITIONS"), any of which (other than the Minimum Tender Condition (as defined in Exhibit A)) may be waived by Purchaser in its sole discretion. The initial expiration date of the Offer shall be the twentieth business day following the commencement of the Offer (determined in accordance with Rule 14d-1(e)(6) under the Exchange Act). Purchaser expressly reserves the right to modify the terms of the Offer, except that, without the prior written consent of the Company, Purchaser shall not (A) decrease the Offer Price or change the form of the consideration payable in the Offer, (B) decrease the number of Shares sought pursuant to the Offer, (C) impose additional conditions to the Offer, (D) change the conditions to the Offer or (E) make any other change in the terms or conditions of the Offer which is adverse to the holders of Shares.

(ii) Subject to the terms and conditions of this Agreement and to the satisfaction or waiver of the Offer Conditions as of any scheduled expiration of the initial offering period of the Offer, Purchaser shall accept for payment and pay for Shares validly tendered and not withdrawn pursuant to the Offer as soon as practicable after such scheduled expiration. Notwithstanding the foregoing, Purchaser and Parent shall have the right to, (A) extend the Offer, from time to time, if at the expiration date of the Offer (with respect to either the initial offering period or an extended offering period, as the case may be) any of the conditions to the Offer have not been satisfied or waived, (B) extend the Offer for any period required by any regulation, interpretation or position of the Securities and Exchange Commission (the "SEC") or the staff thereof applicable to the Offer, or (C) elect to provide one or more subsequent offering periods of up to an additional twenty
(20) business days in the aggregate (collectively, the "SUBSEQUENT PERIOD") pursuant to Rule 14d-11 of the Exchange Act. Purchaser shall immediately accept and promptly pay for all Shares as they are tendered during the Subsequent Period. In addition, the Offer Price may be increased and the Offer may be extended to the extent required by law in connection with such increase in each case without the consent of the Company.

(b) On the date of commencement of the Offer, Parent and Purchaser shall file or cause to be filed with the SEC a Tender Offer Statement on Schedule TO (together with all amendments and supplements thereto, the "SCHEDULE TO") with respect to the Offer which will comply in all material respects with the provisions of, and satisfy in all material respects the requirements of, such Schedule TO and all applicable Federal securities laws and shall contain the offer to purchase and related letter of transmittal and other ancillary Offer documents and instruments pursuant to which the Offer will be made (collectively with any supplements or amendments thereto, the "OFFER DOCUMENTS"). The Company and its counsel shall be given a reasonable opportunity to review and comment on the Offer Documents prior to their filing with the SEC. Parent and Purchaser agree to provide the Company with, and to consult with the Company regarding, any comments that may be received from the SEC or its staff with respect to the Offer Documents promptly after receipt thereof. Parent, Purchaser and the Company each agrees promptly to correct any information provided by it for use in the Offer Documents if and to the extent that it shall have become false or misleading in any material respect and Parent and Purchaser further agree to take all steps necessary to cause the Offer Documents as so corrected

to be filed with the SEC and be disseminated to holders of Shares, in each case, as and to the extent required by applicable law.

SECTION 1.02 COMPANY ACTIONS. (a) The Company hereby consents to the Offer and represents and warrants that (i) its Board of Directors (at a meeting or meetings duly called and held prior to the date hereof) has (A) determined that the terms of each of the Offer and the Merger (as hereinafter defined) are advisable and fair to, and in the best interests of, the shareholders of the Company, (B) approved and adopted this Agreement and the transactions contemplated hereby (including the Offer and the Merger) (C) resolved to recommend acceptance of the Offer and approval and adoption of the plan of merger (as such term is used in Section 14A:10-1 of the Corporation Law and attached as Exhibit B hereto (the "PLAN OF MERGER")) contained in this Agreement by the shareholders of the Company and directed that the Plan of Merger be submitted to the shareholders of the Company for approval, (D) taken all necessary steps to render the New Jersey Shareholders Protection Act (Sections 14A:10A-1 to 14A:10A-9 of the Corporation Law) inapplicable to Parent and Purchaser and to the Merger and the acquisition of Shares pursuant to the Offer and (E) resolved to elect, to the extent permitted by law, not to be subject to any "moratorium", "control share acquisition", "business combination", "fair price" or other form of anti-takeover laws and regulations (collectively, "TAKEOVER LAWS") of any jurisdiction that may purport to be applicable to this Agreement (PROVIDED, HOWEVER, that prior to the purchase of any Shares pursuant to the Offer, such consent, determination, recommendation, rendering and election by the Company's Board of Directors specified in Section 1.02(a)(i) above may be withdrawn, modified, rescinded or amended if the Company's Board of Directors determines to accept a Superior Proposal (as defined in Section 6.02(f) below)), and (ii) Prudential Securities Incorporated ("PRUDENTIAL"), the Company's financial advisor, has delivered to the Company's Board of Directors an opinion to the effect that the consideration to be paid in the Offer and the Merger to the Company's shareholders is fair, from a financial point of view, to such shareholders. The Company hereby represents that it has obtained all necessary consents to permit the inclusion of the fairness opinion of Prudential in the Offer Documents and the Proxy Statement (as defined below).

(b) Upon commencement of the Offer, the Company shall file with the SEC a Solicitation/Recommendation Statement on Schedule 14D-9 (together with all amendments and supplements thereto, the "SCHEDULE 14D-9") containing the recommendations of its Board of Directors described in Section 1.02(a) and hereby consents to the inclusion of such recommendations in the Offer Documents and shall disseminate the Schedule 14D-9 to shareholders of the Company as required by Rule 14D-9 promulgated under the Exchange Act. The Company shall cooperate with Parent and Purchaser to include a copy of the Schedule 14D-9 with the Offer Documents mailed or furnished to the Company's shareholders. Parent and Purchaser shall provide the Company all information reasonably requested by the Company for inclusion in the Schedule 14D-9. Parent, Purchaser and their counsel shall be given a reasonable opportunity to review and comment on the Schedule 14D-9 prior to its filing with the SEC. The Company agrees to provide Parent and Purchaser with, and to consult with Parent and Purchaser regarding, any comments that may be received from the SEC or its staff with respect to the Schedule 14D-9 promptly upon receipt thereof. Parent, Purchaser and the Company each agrees promptly to correct any information provided by it for use in the Schedule 14D-9 if and to the extent that it shall have become false or misleading in any material respect and the Company further agree to take all steps necessary to cause the Schedule 14D-9 as so corrected to be filed

with the SEC and be disseminated to holders of Shares, in each case, as and to the extent required by applicable law.

SECTION 1.03 SHAREHOLDER LISTS. In connection with the Offer, upon Parent's or Purchaser's request, the Company shall cause Continental Stock Transfer & Trust Company, the Company's transfer agent (the "TRANSFER AGENT"), to furnish Parent and Purchaser promptly with mailing labels, security position listings and any available listing or computer file containing the names and addresses of the record holders of the Shares as of a recent date and shall cause the Transfer Agent to furnish Parent and Purchaser with such information and assistance (including, without limitation, updated lists of shareholders, mailing labels and lists of securities positions) as Parent or Purchaser or their agents may reasonably request in communicating the Offer to the record and beneficial holders of the Shares. Subject to the requirements of applicable law, Parent and Purchaser, except only as is necessary to disseminate the Offer Documents and any other documents necessary to consummate the Merger, shall hold in confidence the information contained in any such labels, listings and files, will use such information only in connection with the Offer and the Merger; and if this Agreement is terminated, will promptly deliver or cause to be delivered to the Company all copies of such information then in their possession or under their control.

SECTION 1.04 DIRECTORS. (a) Subject to applicable law and to the extent permitted by the National Association of Securities Dealers, promptly upon the purchase by Purchaser pursuant to the Offer of such number of Shares as represents at least a majority of the outstanding Shares, and from time to time thereafter, Purchaser shall be entitled to designate such number of directors, rounded up to the next whole number, to serve on the Board of Directors of the Company as will give Purchaser representation on the Board of Directors of the Company equal to the product of (i) the number of directors on the Board of Directors of the Company (giving effect to the election of any additional directors pursuant to this section) and (ii) the percentage that such number of Shares beneficially owned by Parent and/or Purchaser (including Shares accepted for payment) so purchased bears to the number of Shares outstanding. The Company shall, upon request by Purchaser, promptly take all actions necessary to cause Purchaser's designees to be elected or appointed to the Board of Directors of the Company, including without limitation, increasing the size of the Board of Directors of the Company or securing the resignations of such number of directors as is necessary to provide Purchaser with such level of representation, or both; PROVIDED, HOWEVER, that the Board of Directors of the Company shall continue to include no fewer than two Continuing Directors (as defined below) until the Effective Time (as defined in Section 2.02). The Company will cause persons designated by Purchaser to constitute the same percentage as is on the entire Board of Directors of the Company (giving effect to this Section 1.04) to be on (i) each committee of the Board of Directors of the Company and (ii) each Board of Directors and each committee thereof of each Subsidiary of the Company. The Company's obligations to appoint designees to its Board of Directors shall be subject to compliance with Section 14(f) of the Exchange Act. At the request of Purchaser, the Company shall promptly take all actions required pursuant to Section 14(f) and Rule 14f-1 under the Exchange Act in order to fulfill its obligations under this Section 1.04 and shall include in the Schedule 14D-9 or otherwise timely mail to its shareholders all necessary information to comply therewith. Parent and Purchaser will supply to the Company, and be solely responsible for, all information with respect to themselves and their respective officers, directors and affiliates required by such Section and Rule.

(b) Following the election or appointment of Purchaser's designees pursuant to Section 1.04(a) and prior to the Effective Time, and so long as there shall be at least one Continuing Director (as defined below), any amendment or termination of this Agreement requiring action by the Company, any extension of time for the performance of any of the obligations or other acts of Parent or Purchaser under this Agreement and any exercise or waiver of any of the Company's rights or remedies under this Agreement will require the affirmative vote of a majority of the directors of the Company then in office who are directors of the Company on the date hereof (the "CONTINUING DIRECTORS"), which action shall be deemed to constitute the action of the full Board of Directors even if such majority of Continuing Directors does not constitute a majority of all directors then in office.

ARTICLE II

THE MERGER

SECTION 2.01 THE MERGER. Upon the terms and subject to the conditions hereof, and in accordance with the relevant provisions of the Corporation Law, Purchaser shall be merged with and into the Company (the "MERGER") as soon as practicable following the satisfaction or waiver, if permissible, of the conditions set forth in Article VII hereof. The Company shall be the surviving corporation in the Merger (the "SURVIVING CORPORATION") under the name "Cunningham Graphics International, Inc." and shall continue its existence under the laws of New Jersey. In connection with the Merger, the separate corporate existence of Purchaser shall cease. At the election of Parent, any direct or indirect wholly-owned subsidiary of Parent may be substituted for Purchaser as a constituent corporation in the Merger. In such event, this Agreement shall be deemed modified to reflect the foregoing, and if requested by Parent, the Company agrees to execute an appropriate amendment to this Agreement in order to reflect the foregoing.

SECTION 2.02 CONSUMMATION OF THE MERGER. Subject to the provisions of this Agreement, as soon as practicable following the satisfaction or waiver of the conditions set forth in Article VII, Purchaser and the Company shall cause the Merger to be consummated by filing with the office of the Department of Treasury of the State of New Jersey the executed original and a copy of the certificate of merger, as required by Section 14A:10-4.1 of the Corporation Law, and shall take all such other and further actions as may be required by law to make the Merger effective. Prior to the filing referred to in this Section, a closing (the "CLOSING") will be held at 10 AM at the offices of Cleary, Gottlieb, Steen & Hamilton, One Liberty Plaza, New York, New York (or such other time and place as the parties may agree) for the purpose of confirming all the matters contained herein. The time the Merger becomes effective in accordance with applicable law is referred to as the "EFFECTIVE TIME."

SECTION 2.03 EFFECTS OF THE MERGER. The Merger shall have the effects set forth herein and in the applicable provisions of the Corporation Law.

SECTION 2.04 CERTIFICATE OF INCORPORATION AND BYLAWS. The Certificate of Incorporation and the Bylaws of Purchaser, in each case as in effect immediately prior to the Effective Time, shall be the Certificate of Incorporation and Bylaws of the Surviving Corporation, in each case until amended in accordance with applicable law; PROVIDED, HOWEVER,

that Article I of the Certificate of Incorporation of the Surviving Corporation shall be amended to read in its entirety as follows: "ARTICLE I. The name of the Corporation is Cunningham Graphics International, Inc. (the "CORPORATION")."

SECTION 2.05 DIRECTORS AND OFFICERS. The directors of Purchaser immediately prior to the Effective Time and the officers of the Company immediately prior to the Effective Time shall be the directors and officers, respectively, of the Surviving Corporation until their respective death, permanent disability, resignation or removal or until their respective successors are duly elected and qualified all in accordance with applicable law.

SECTION 2.06 CONVERSION OF SHARES. Each Share issued and outstanding immediately prior to the Effective Time (other than Shares owned by Parent, Purchaser or by any Subsidiary or affiliate of Parent, Purchaser or by the Company, all of which shall be canceled without any consideration being exchanged therefor) shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted at the Effective Time into the right to receive in cash an amount per Share (subject to any applicable withholding tax specified in Section 2.10 hereof) equal to the Offer Price, without interest (the "MERGER CONSIDERATION"), upon the surrender of the certificate representing such Shares as provided in Section 3.01. At the Effective Time, each Existing Stock Option (as defined in Section 3.03) shall be converted into the right to receive the Option Consideration (as defined in Section 3.03) pursuant to
Section 3.03 hereof.

SECTION 2.07 CONVERSION OF COMMON STOCK OF PURCHASER. Each share of common stock, no par value, of Purchaser issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into and become one share of common stock of the Surviving Corporation.

SECTION 2.08 SHAREHOLDERS' MEETING. Unless the Merger is consummated in accordance with Section 14A:10-5.1 of the Corporation Law as contemplated by Section 2.09 and subject to applicable law, the Company acting through its Board of Directors shall in accordance with applicable law duly call, give notice of, convene and hold a special meeting (the "SPECIAL MEETING") of its shareholders as soon as practicable following the consummation of the Offer for the purpose of approving the Plan of Merger set forth in this Agreement and include in the Proxy Statement (as defined in Section 4.07(b)) the recommendation of its Board of Directors that shareholders of the Company vote in favor of the adoption of the Plan of Merger set forth in this Agreement. Parent and Purchaser each agree that, at the Special Meeting, all of the Shares acquired pursuant to the Offer or otherwise owned or acquired by Parent or Purchaser or any of their affiliates shall be voted in favor of the Merger.

SECTION 2.09 MERGER WITHOUT MEETING OF SHAREHOLDERS. If Purchaser, in combination with Parent or any other direct or indirect Subsidiary of Parent, shall hold at least 90 percent of the outstanding shares of each class of capital stock of the Company, each of Parent, Purchaser and the Company shall take all necessary and appropriate action to cause the Merger to become effective, as soon as practicable after the consummation of the Offer, without a meeting of shareholders of the Company, in accordance with Section 14A:10-5.1 of the Corporation Law.

SECTION 2.10 WITHHOLDING TAXES. Parent, Purchaser and the Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to a holder of Shares or Existing Stock Options pursuant to the Offer or the Merger any stock transfer taxes and such amounts as are required to be withheld under the Internal Revenue Code of 1986, as amended (the "CODE"), or any applicable provision of state, local or foreign tax law. To the extent that amounts are so withheld, such withheld amounts shall be treated for all purposes of this Agreement and the Offer as having been paid to the holder of the Shares in respect of which such deduction and withholding was made.

ARTICLE III

PAYMENT FOR SHARES; OPTIONS

SECTION 3.01 PAYMENT FOR SHARES.

(a) Prior to the Effective Time, Parent will cause Purchaser to make available to a bank or trust company designated by Parent (the "PAYING AGENT") sufficient funds to make the payments pursuant to Section 2.06 hereof on a timely basis to holders (other than Parent or Purchaser or any of their respective Subsidiaries) of Shares that are issued and outstanding immediately prior to the Effective Time (such amounts being hereinafter referred to as the "PAYMENT FUND"). The Paying Agent shall make the payments provided for in the preceding sentence out of the Payment Fund. The Payment Fund shall not be used for any other purpose, except as provided in this Agreement.

(b) As soon as reasonably practicable after the Effective Time, the Surviving Corporation shall cause the Paying Agent to mail to each record holder, as of the Effective Time, of an outstanding certificate or certificates which immediately prior to the Effective Time represented Shares (the "CERTIFICATES"), a form of letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to the Certificates shall pass, only upon proper delivery of the Certificates to the Paying Agent) and instructions for use in effecting the surrender of the Certificate and receiving payment therefor. Following surrender to the Paying Agent of a Certificate, together with such letter of transmittal duly executed and such other documents as may be reasonably required by the Paying Agent the holder of such Certificate shall be paid in exchange therefor cash in an amount (subject to any applicable withholding tax as specified in Section 2.10 hereof) equal to the product of the number of Shares represented by such Certificate multiplied by the Merger Consideration, and such Certificate shall forthwith be canceled. No interest will be paid or accrued on the cash payable upon the surrender of the Certificates. If payment is to be made to a Person (as defined in Section 9.09) other than the Person in whose name the Certificate surrendered is registered, it shall be a condition of payment that the Certificate so surrendered shall be properly endorsed or otherwise be in proper form for transfer and that the Person requesting such payment pay any transfer or other taxes required by reason of the payment to a Person other than the registered holder of the Certificate surrendered or establish to the satisfaction of the Surviving Corporation that such tax has been paid or is not applicable. From and after the Effective Time and until surrendered in accordance with the provisions of this
Section 3.01, each Certificate (other than Certificates representing Shares owned by Parent or Purchaser or any of their respective Subsidiaries) shall represent for all purposes solely the right to receive, in accordance with the terms hereof, the Merger

Consideration in cash multiplied by the number of Shares evidenced by such Certificate, without any interest thereon.

(c) If any Certificate shall have been lost, stolen or destroyed, upon the making on an affidavit of that fact by the Person claiming such Certificate to be lost, stolen or destroyed and, if required by the Surviving Corporation, the posting by such person of a bond in such reasonable amount as the Surviving Corporation may direct as indemnity against any claim that may be made against it with respect to such Certificate, the Paying Agent will deliver in exchange for such affidavit claiming such Certificate is lost, stolen or destroyed, the applicable Merger Consideration with respect to the Shares formerly represented thereby.

(d) Any portion of the Payment Fund (including the proceeds of any investments thereof) that remains unclaimed by the former shareholders of the Company for six months after the Effective Time shall be repaid to the Surviving Corporation. Any former shareholders of the Company who have not complied with Section 3.01 hereof prior to the end of such six-month period shall thereafter look only to the Surviving Corporation (subject to abandoned property, escheat or other similar laws) but only as general creditors thereof for payment of their claim for the Merger Consideration, without any interest thereon, upon due surrender of the Certificates held by them. Neither Parent, the Surviving Corporation nor the Paying Agent, shall be liable to any holder of Shares for any monies delivered from the Payment Fund or otherwise to a public official pursuant to any applicable abandoned property, escheat or similar law. If any Certificates shall not have been surrendered prior to two years after the Effective Time (or such earlier date as shall be immediately prior to the date that such unclaimed funds would otherwise become subject to any abandoned property, escheat or similar law) unclaimed funds payable with respect to such certificates shall, to the extent permitted by applicable law, become the property of the Surviving Corporation, free and clear of all claims or interest of any Person previously entitled thereto.

SECTION 3.02 CLOSING OF THE COMPANY'S TRANSFER BOOKS. At the close of business on the day of the Effective Time, the stock transfer books of the Company shall be closed. At and after the Effective Time, there shall be no registration of transfers of Shares which were outstanding immediately prior to the Effective Time on the stock transfer books of the Surviving Corporation. From and after the Effective Time, the holders of Shares outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such Shares except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates in accordance with the terms of this Article III shall be deemed to have been paid in full satisfaction of all rights pertaining to the Shares previously represented by such Certificates. If, after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged for cash as provided in this Article III.

SECTION 3.03 EXISTING STOCK OPTIONS. (a) Each option or right to acquire Shares (the "EXISTING STOCK OPTIONS") granted under any stock option or similar plan of the Company or under any agreement to which the Company or any Subsidiary is a party (other than stock purchase rights under the Company's Employee Stock Purchase Plan) (the "STOCK OPTION PLANS") which is outstanding on the date that the amendment to Schedule TO reporting the initial acceptance by Purchaser of the Shares tendered in the Offer is filed with the SEC (the

"ACCEPTANCE DATE"), whether or not then exercisable or vested, shall by virtue of the Merger and without any action on the part of the Company or the holder thereof, be converted into and shall become a right to receive an amount in cash, without interest, with respect to each Share subject thereto equal to the excess, if any, of the Merger Consideration over the per share exercise or purchase price of such Existing Stock Option. On and after the date hereof, the Company shall grant no additional options or rights to acquire Shares under the Stock Option Plans. On the Acceptance Date, each holder of an Existing Stock Option shall be entitled to receive, in full satisfaction of such Existing Stock Option, an amount in cash without interest in respect thereof equal to the product of (i) the excess, if any, of the Merger Consideration over the per share exercise or purchase price of such Existing Stock Option and (ii) the number of Shares subject to such Existing Stock Option (such amount being hereinafter referred to as the "OPTION CONSIDERATION") and each Existing Stock Option shall be canceled on the Acceptance Date. Such payment shall be reduced by any income or employment tax withholding required under the Code or any provision of state, local or foreign tax law. To the extent that amounts are so withheld, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of such Existing Stock Option. The Stock Option Plans shall terminate as of the Acceptance Date. In addition, the Company shall take such actions as are reasonably necessary so that (1) no offering period under the Company's Employee Stock Purchase Plan (the "STOCK PURCHASE PLAN") commences after the date hereof, (2) any offering period under the Stock Purchase Plan which commenced on or prior to the date hereof is terminated prior to the Acceptance Date and (3) all funds contributed by employees of the Company or its Subsidiaries under the Stock Purchase Plan that are not applied on or prior to the Acceptance Date to the purchase of Shares are returned to such employees as soon as practicable after the Acceptance Date. All administrative and other rights and authorities granted under any Stock Option Plan and under the Stock Purchase Plan to the Company, the Board of Directors of the Company or any Committee or designee thereof, shall, following the Acceptance Date, reside with the Surviving Corporation.

(b) The Company shall take all reasonable actions required to exempt under SEC Rule 16(b)-3 the treatment of the Existing Stock Options contemplated hereby, including, if necessary or appropriate, obtaining the approval of the Company's Board of Directors, of the type described in a pertinent SEC no-action letter dated January 12, 1999.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES
OF THE COMPANY

Except as set forth in appropriately corresponding sections of the disclosure letter previously delivered by the Company to Parent with respect to this Agreement (the "DISCLOSURE LETTER"), the Company represents and warrants to Parent and Purchaser as follows:

SECTION 4.01 ORGANIZATION AND QUALIFICATION. The Company and each of its Subsidiaries is a duly organized and validly existing corporation in good standing under the laws of its jurisdiction of incorporation, with all corporate power and authority to own its properties and conduct its business as currently conducted on the date hereof; except where the failure to be so organized, existing and in good standing or to have such power and authority has not had or

would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect; and is duly qualified and in good standing as a foreign corporation authorized to do business in each of the jurisdictions in which the character of the properties owned or held under lease by it or the nature of the business transacted by it makes such qualification necessary, except where the failure to be so qualified and in good standing, has not had or would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect. Section 4.01 of the Disclosure Letter sets forth a true and complete list of each of the Company's Subsidiaries. Neither the Company nor any of its Subsidiaries, directly or indirectly, owns any interest in any Person other than in the Company's Subsidiaries.

SECTION 4.02 CAPITALIZATION. (a) The authorized capital stock of the Company consists of 30,000,000 Shares and 10,000,000 shares of Preferred Stock, without par value (the "PREFERRED STOCK"). As of the close of business on April 28, 2000, 5,757,606 Shares were issued and outstanding and no shares of Preferred Stock were issued and outstanding. Section 4.02(a) of the Disclosure Letter contains a list, as of April 28, 2000, of the name of each Existing Stock Option holder, the number of outstanding Existing Stock Options held by such holder, the number of Shares such holder is entitled to receive upon the exercise of each Existing Stock Option and the corresponding exercise price.
Section 4.02(a) of the Disclosure Letter also contains a list, as of the close of business on the day immediately preceding the date hereof, of any Shares issued subsequent to April 28, 2000 upon the exercise of Existing Stock Options and stock purchase rights under the Stock Purchase Plan, other than the Shares to be issued subsequent to the date hereof pursuant to the Stock Purchase Plan. Except as disclosed pursuant to the immediately preceding sentence, since April 28, 2000, the Company has not issued any Shares, has not granted any options, warrants or rights or entered into other agreements or commitments to issue or purchase Shares (under the Stock Option Plans or otherwise) and has not split, combined or reclassified any of its shares of capital stock. All of the outstanding Shares have been duly authorized and validly issued and are fully paid and nonassessable and are free of preemptive rights. Except for the Existing Stock Options and stock purchase rights under the Stock Purchase Plan, there are no outstanding (i) securities of the Company convertible into or exchangeable for shares of capital stock or voting securities or ownership interests in the Company, (ii) options, warrants, rights or other agreements or commitments to acquire from the Company, or obligations of the Company to issue, any capital stock, voting securities or other ownership interests in (or securities convertible into or exchangeable for capital stock or voting securities or other ownership interests in) the Company, (iii) obligations of the Company to grant, extend or enter into any subscription, warrant, right, convertible or exchangeable security or other similar agreement or commitment relating to any capital stock, voting securities or other ownership interests in the Company (the items in clauses (i), (ii) and (iii), together with the capital stock of the Company, being referred to collectively as "COMPANY SECURITIES") or
(iv) obligations by the Company or any of its Subsidiaries to make any payments based on the price or value of the Shares. There are no outstanding obligations of the Company or any of its Subsidiaries to repurchase, redeem or otherwise acquire any Company Securities. There are no voting trusts or other agreements or understandings to which the Company or any of its Subsidiaries is a party with respect to the voting of capital stock of the Company or any of its Subsidiaries.

(b) The Company is directly or indirectly the record and beneficial owner of all the outstanding shares of capital stock of each Company Subsidiary, except as set forth in

Section 4.02(b) of the Disclosure Letter, free and clear of any lien, mortgage, pledge, charge, security interest or encumbrance of any kind, and there are no irrevocable proxies with respect to any such shares. There are no outstanding
(i) securities of the Company or any of its Subsidiaries convertible into or exchangeable for shares of capital stock or other voting securities or ownership interests in any Subsidiary of the Company, (ii) options, warrants, rights or other agreements or commitments to acquire from the Company or any of its Subsidiaries (or obligations of the Company or any of its Subsidiaries to issue) any capital stock, voting securities or other ownership interests in, or any securities convertible into or exchangeable for any capital stock, voting securities or ownership interests in, any of its Subsidiaries, (iii) obligations of the Company or any of its Subsidiaries to grant, extend or enter into any subscription, warrant, right, convertible or exchangeable security or other similar agreement or commitment relating to any capital stock, voting securities or other ownership interests in any of the Company's Subsidiaries (the items in clauses (i), (ii) and (iii), together with the capital stock of such Subsidiaries, being referred to collectively as "SUBSIDIARY SECURITIES") or (iv) obligations of the Company or any of its Subsidiaries to make any payment based on the value of any shares of any Subsidiary. There are no outstanding obligations of the Company or any of its Subsidiaries to repurchase, redeem or otherwise acquire any outstanding Subsidiary Securities.

SECTION 4.03 AUTHORITY FOR THIS AGREEMENT. The Company has all necessary corporate power and authority to execute and deliver this Agreement and subject to obtaining any necessary shareholder approval of the Plan of Merger contained in this Agreement, to consummate the transactions contemplated hereby. The execution and delivery of this Agreement by the Company and the consummation by the Company of the transactions contemplated hereby have been duly and validly authorized by the Board of Directors of the Company and no other corporate proceedings on the part of the Company are necessary to authorize this Agreement or to consummate the transactions so contemplated, other than the approval of the Plan of Merger contained in this Agreement, by the holders of a majority of the outstanding Shares prior to the consummation of the Merger (unless the Merger is consummated pursuant to Section 14A:10-5.1 of the Corporation Law). This Agreement has been duly and validly executed and delivered by the Company and constitutes a legal, valid and assuming the due authorization, execution and delivery of this Agreement by Purchaser and Parent binding agreement of the Company, enforceable against the Company in accordance with its terms.

SECTION 4.04 CONSENTS AND APPROVALS; NO VIOLATION. Neither the execution and delivery of this Agreement by the Company nor the consummation of the transactions contemplated hereby will (a) conflict with or result in any breach of any provision of the respective Certificate of Incorporation or Bylaws (or other similar governing documents) of the Company or any of its Subsidiaries, (b) require any consent, approval, authorization or permit of, or filing with or notification to, any foreign, federal, state or local government or subdivision thereof, or governmental, judicial, legislative, executive, administrative or regulatory authority, agency, commission, tribunal or body (a "GOVERNMENTAL ENTITY") except as may be required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR ACT"), the New Jersey Industrial Site Recovery Act, N.J.S.A. 13:1K-6 ET SEQ. ("ISRA"), the Securities Act, the Exchange Act, the Corporation Law and the "blue sky" or securities laws of various states, (c) except as set forth in Section 4.04(c) of the Disclosure Letter, require any consent, waiver or approval or result in a default (or give rise to any right of termination, cancellation, modification or acceleration) under any of the terms, conditions or provisions of any note,

license, agreement, contract, indenture or other instrument or obligation to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries or any of their respective assets may be bound, (d) result in the creation or imposition of any mortgage, lien, pledge, charge, security interest or encumbrance of any kind on any asset of the Company or any of its Subsidiaries or (e) violate any order, writ, injunction, decree, statute, rule or regulation applicable to the Company or any of its Subsidiaries or by which any of their respective assets are bound, except in the case of clauses
(b), (c), (d) and (e) for any of the foregoing that has not had or would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect or a material adverse effect on the ability of the parties to consummate the Offer or the Merger.

SECTION 4.05 REPORTS; FINANCIAL STATEMENTS.

(a) Except as set forth in Section 4.05(a) of the Disclosure Letter, since April 22, 1998, the Company has duly filed all forms, reports, schedules, proxy statements and documents required to be filed by it with the SEC. True and correct copies of all filings made by the Company with the SEC since such date and prior to the date hereof (the "COMPANY SEC REPORTS"), whether or not required under applicable laws, rules and regulations and including any registration statement filed by the Company under the Securities Act of 1933, as amended (the "SECURITIES ACT"), have been either made available or are publicly available to Parent and Purchaser. As of their respective dates, the Company SEC Reports (other than preliminary material) complied in all material respects with the requirements of the Securities Act or the Exchange Act, as applicable, and the rules and regulations of the SEC thereunder applicable to such Company SEC Reports and none of the Company SEC Reports, including any financial statements or schedules included or incorporated by reference therein, at the time filed, contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading.

(b) The audited consolidated financial statements of the Company for the year ended December 31, 1999 (the "1999 FINANCIAL STATEMENTS") and the audited and unaudited consolidated financial statements of the Company included (or incorporated by reference) in the Company SEC Reports comply as to form in all material respects with applicable accounting requirements and with the rules and regulations of the SEC with respect thereto and were prepared in accordance with United States generally accepted accounting principles applied on a consistent basis throughout the periods involved (except as may be indicated in the notes thereto) and fairly present in all material respects the consolidated financial position of the Company and its Subsidiaries as of their respective dates, and the consolidated income, shareholders equity, results of operations and changes in consolidated financial position or cash flows for the periods presented therein, except that the unaudited interim financial statements were or are subject to normal and recurring year-end adjustments which have not been and are not reasonably likely to be materially adverse to the Company and its Subsidiaries taken as a whole.

(c) Except (i) as reflected or reserved against or disclosed in the 1999 Financial Statements, (ii) for liabilities that are not required to be recorded or reflected on a balance sheet under United States generally accepted accounting principles and (iii) as incurred in the ordinary course of business since December 31, 1999, neither the Company nor any of its Subsidiaries has

any liabilities of any nature, whether accrued, absolute, fixed, contingent or otherwise, or whether due or to become due, other than liabilities that have not had or would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect.

SECTION 4.06 ABSENCE OF CERTAIN CHANGES. Except as set forth in Section 4.06 of the Disclosure Letter, since December 31, 1999, (a) the Company and its Subsidiaries have not, to the knowledge of the Company, suffered any change, condition, event or development that would, or could reasonably be likely to have, a Material Adverse Effect, (b) the Company and its Subsidiaries have conducted in all material respects their respective businesses only in the ordinary course consistent with past practice, except for the negotiation and execution and delivery of this Agreement and (c) there has not been (i) any declaration, setting aside or payment of any dividend or other distribution in respect of the Shares or any repurchase, redemption or other acquisition by the Company or any of its Subsidiaries of any outstanding shares of capital stock or other securities in, or other ownership interests in, the Company or any of its Subsidiaries; (ii) any change by the Company in accounting methods, principles or practices except as required by changes in United States generally accepted accounting principles; or (iii) any action by the Company or any of its Subsidiaries which, if taken after the date hereof, would constitute a breach of clauses (a)-(l) of Section 6.01.

SECTION 4.07 SCHEDULE 14D-9; OFFER DOCUMENTS AND PROXY STATEMENT.

(a) None of the information supplied or to be supplied by or, to the knowledge of the Company, on behalf of the Company or any affiliate of the Company expressly for inclusion in the Offer Documents will, at the times such documents are filed with the SEC and are mailed to shareholders of the Company, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they are made, not misleading. The Schedule 14D-9 and any supplement or amendment thereto will not, at the time they are filed with the SEC and at the time of any distribution or dissemination thereof, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they are made, not misleading, except that no representation or warranty is made by the Company with respect to information supplied in writing by Parent, Purchaser or an affiliate of Parent or Purchaser for inclusion therein.

(b) The Proxy Statement, and any other schedule or document required to be filed by the Company in connection with the Merger, will not, at the time the Proxy Statement is first mailed and at the time of the Special Meeting, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they are made, not misleading, except that no representation or warranty is made by the Company with respect to information supplied in writing by Parent, Purchaser or an affiliate of Parent or Purchaser for inclusion therein. The letter to shareholders, notice of meeting, proxy statement and form of proxy, or the information statement, as the case may be, that may be provided to shareholders of the Company in connection with the Merger (including any amendments or supplements), and any schedules required to be filed with the SEC in connection therewith, as from time to time amended or supplemented, are collectively referred to as the "PROXY STATEMENT." The 14D-9 and the Proxy

Statement, and any amendments or supplements thereto, when filed, distributed or disseminated, as applicable, will comply as to form in all material respects with the applicable requirements of the Exchange Act.

SECTION 4.08 BROKERS. Except for Prudential, no Person or entity is entitled to receive any brokerage, finder's or other fee or commission in connection with this Agreement or the transactions contemplated hereby based upon agreements made by or on behalf of the Company or any of its Subsidiaries.

SECTION 4.09 EMPLOYEE BENEFIT MATTERS.

(a) Section 4.09(a) of the Disclosure Letter lists all material pension, retirement, savings, disability, medical, dental, health, life (including all individual life insurance policies as to which the Company or any of its Subsidiaries is the owner, beneficiary or both), death benefit, group insurance, profit sharing, deferred compensation, stock option or other equity-based compensation, bonus, incentive, vacation pay, severance pay, Code
Section 125 "cafeteria" or "flexible benefit" plan, or other employee benefit plan, trust, arrangement, contract, agreement, policy or commitment (including without limitation, all employee pension benefit plans as defined in Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and all employee welfare benefit plans as defined in Section 3(1) of ERISA), (A) under which current or former employees of the Company or any of its Subsidiaries or their respective ERISA Affiliates (as defined below) are entitled to participate by reason of their employment with the Company or any of its Subsidiaries or their respective ERISA Affiliates, whether or not any of the foregoing is funded, whether insured or self-funded and whether written or oral and with respect to which the Company or any of its Subsidiaries or their respective ERISA Affiliates are a party or a sponsor or a fiduciary thereof or by which the Company or any of its Subsidiaries or their respective ERISA Affiliates (or any of their rights, properties or assets) are bound or (B) with respect to which the Company or any of its Subsidiaries otherwise may have any material liability as described in Section 4.09(a) of the Disclosure Letter (the "EMPLOYEE BENEFIT PLANS"). For each Employee Benefit Plan, the Company has provided true and correct copies of all plan documents, summary plan descriptions, determination letters, all material communications with any government entity or agency (including the Internal Revenue Service and the PBGC) given or received with respect to any Employee Benefit Plan within the past five years, and the three most recent Forms 5500, including all financial or actuarial reports, if applicable, and all other attached schedules.

(b) The Company, its Subsidiaries and their respective ERISA Affiliates and, to their knowledge, any "administrator(s)" (as described in
Section 3(16)(A) of ERISA) of the Employee Benefit Plans have complied in all material respects with such Plans' terms and with the applicable requirements of ERISA, the Code and all other statutes, orders, rules or regulations, specifically including the reporting and disclosure requirements of Part 1 of Title I, and Title IV of ERISA and the Code, in a timely and accurate manner, such that no material penalties are reasonably expected to be imposed on the Company or its Subsidiaries or their respective ERISA Affiliates, and no material penalties may be imposed on the Parent or the Purchaser under ERISA, the Code or otherwise with respect to the Employee Benefit Plans or any related trusts.

(c) For purposes of this Agreement, "ERISA AFFILIATES" shall mean any trade or business (whether or not incorporated) that is part of the same controlled group, or under common control with, or part of an affiliated service group that includes, the Company or any of its Subsidiaries within the meaning of Section 414(b), (c), (m) or (o) of the Code.

(d) With respect to the Employee Benefit Plans:

(i) No Employee Benefit Plan is subject to Title IV or ERISA or Section 412 of the Code, and no Employee Benefit Plan is a "multiemployer" plan within the meaning of Section 3(37) of ERISA. No Employee Benefit Plan is a "multiple employer plan" within the meaning of the Code or ERISA. Each of the Employee Benefit Plans intended to be "qualified" within the meaning of Section 401(a) of the Code has received a favorable determination letter that the plan complies with the Tax Reform Act of 1986, as amended, pursuant to a request which accurately described such plan, and has been administered and operated in all material respects in accordance with all laws so as to maintain such qualification.

(ii) All contributions or other amounts payable by the Company or any of its Subsidiaries or their ERISA Affiliates through the date hereof with respect to each Employee Benefit Plan in respect of current or prior plan years have been either paid or accrued on the Company's regularly prepared financial statements to the extent required under the terms of such plan or in accordance with US GAAP.

(iii) There are no pending, or to the Company's knowledge, threatened or anticipated material claims (other than routine claims for benefits) by, on behalf of or against any of the Employee Benefit Plans or any trust related thereto or, to the reasonable knowledge of the Company, by, on behalf of or against any fiduciary of such plans.

(e) Neither the Company nor any of its Subsidiaries has any material liability, whether absolute or contingent, direct or indirect, including any obligations under any Employee Benefit Plan, with respect to any misclassification of a person as an independent contractor rather than as an employee or with respect to any employees "leased" from another employer.

(f) Except as provided in Section 3.03 hereof, the consummation of the transactions contemplated by this Agreement will not, with respect to employees or former employees of the Company or any of its Subsidiaries: (A) entitle any individual to severance pay; (B) accelerate the time of payment or vesting of, increase the amount of, or satisfy a condition to the compensation due to any individual under any Employee Benefit Plan; or (C) result in the payment of an amount that could, individually or in combination with any other such payment, constitute an "excess parachute payment" under Code section 280G(b)(1).

(g) Except as set forth in Section 4.09(g) of the Disclosure Letter, each Employee Benefit Plan may be amended or terminated in accordance with its terms and applicable law after the Effective Time.

(h) Except as set forth in Section 4.09(h) of the Disclosure Letter (A) neither the Company nor any of its Subsidiaries has or will have any material liability or obligation under any Employee Benefit Plan which provides medical or death benefits with respect to current or former employees of the Company or any of its Subsidiaries beyond their termination of employment (other than coverage mandated by law); and (B) each of the Company, its Subsidiaries and their respective ERISA Affiliates which maintains a "group health plan," within the meaning of Section 607(1) of ERISA has materially complied with the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985, the Health Insurance Portability and Accountability Act of 1996 and any other applicable federal, state or local law.

(i) No "prohibited transaction" (as such term is defined in
Section 406 of ERISA or Section 4975 of the Code) has occurred with respect to any Employee Benefit Plan subject to ERISA, other than such a transaction subject to an administrative or statutory exemption, with respect to which a material tax, penalty or other amount may reasonably be expected to be imposed on the Company or any of its Subsidiaries or their respective ERISA Affiliates.

(j) None of the Company or any of its Subsidiaries, or any of their respective ERISA Affiliates, or any organization with respect to which any such entity is a successor or parent corporation, within the meaning of Section 4069(b) of ERISA, has engaged in any transaction described in Section 4069 of ERISA which has had or would reasonably be likely to have, a Material Adverse Effect.

(k) No liability under any Employee Benefit Plan has been funded or satisfied with the purchase of a contract from an insurance company that is not rated AA by Standard & Poor's Corporation or the equivalent by any other nationally recognized rating agency.

(l) To the Company's knowledge, there has been no "mass layoff" or "plant closing," as each such term is defined in the Worker Adjustment and Retraining Notification Act of 1986 ("WARN"), with respect to the employees of the Company or any of its Subsidiaries, with respect to which there could be any future material liability to such employees under WARN.

(m) Other than as required by law, there is no announced plan or legally binding commitment to create any additional material Employee Benefit Plans or to amend or modify in any material respects any Existing Employee Benefit Plan

(n) Except as set forth in Section 4.09(n) of the Disclosure Letter, none of the Company or any of its Subsidiaries is a party to any collective bargaining or other labor union contract. To the Company's reasonable knowledge, there are no union organization attempts underway with respect to any employees of the Company or, any of its Subsidiaries. There is no pending or, to the knowledge of the Company, threatened material labor dispute, strike or work stoppage involving such employees. To the reasonable knowledge of the Company, neither the Company nor any of its Subsidiaries has committed any material unfair labor practices (as defined in the National Labor Relations Acts of 1947, as amended) in connection with the operation of its business and except as set forth in Section 4.09(n) of the Disclosure Letter, there

is no pending or, to the reasonable knowledge of the Company, threatened material charge or complaint against the Company or any of its Subsidiaries by the National Labor Relations Board or any comparable state or local agency.

SECTION 4.10 LITIGATION, ETC. There is no claim, action, suit, proceeding or governmental investigation pending or, to the knowledge of the Company, threatened against the Company or any of its Subsidiaries that if adversely determined would reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect or would, individually or in the aggregate, with any other such claims, suits, actions or proceedings or governmental investigations, reasonably be likely to have a Material Adverse Effect or, as of the date hereof, that in any manner challenges or seeks to prevent, enjoin, alter or materially delay the Offer and the Merger or seeks an award of damages. Neither the Company nor any of its Subsidiaries is subject to any judgment, decree, injunction, rule or order of any Governmental Entity or arbitrator outstanding against the Company or any Subsidiary of the Company that has had or would reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect.

SECTION 4.11 TAX MATTERS.

(a) Except as set forth in Section 4.11(a) of the Disclosure Letter, the Company and its Subsidiaries have duly filed all Tax Returns required to be filed by applicable law, regulations and administrative pronouncements with respect to the Company and its Subsidiaries (or any of them) or any of their income, properties or operations as of the date hereof in a timely manner (taking into account applicable filing extensions listed in
Section 4.11(a) of the Disclosure Letter, except to the extent that failure to make such filing has not had or would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect. All such returns are accurate and complete in all material respects. All Tax Returns required to be filed by or with respect to the Company and its Subsidiaries (or any of them) after the date hereof and on or before the Effective Time shall be prepared and timely filed (taking into account applicable filing extensions) in a manner consistent with prior years and applicable law, regulations and administrative pronouncements, except where a failure to make such filing has not had or would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect. Except as set forth in Section 4.11(a) of the Disclosure Letter, no penalties or other charges in a material amount are or will become due with respect to the late filing of any Tax Return of the Company and its Subsidiaries (or any of them) or payment of any Tax of the Company and its Subsidiaries (or any of them), required to be filed or paid on or before the Effective Time.

(b) Except as set forth in Section 4.11(b) of the Disclosure Letter and except where a failure of a statement contained in (i)-(iv) below to be true or complete has not had or would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect with respect to all Tax Returns filed by or with respect to the Company and its Subsidiaries (or any of them):

(i) to the knowledge of the Company, the statute of limitations for the assessment of corporate income taxes has expired for all years prior to 1996;

(ii) no audit is in progress;

(iii) no waiver or agreement has been executed for the extension of time for the assessment or payment of any Tax; and

(iv) there is no deficiency proposed by a taxing authority or threatened in writing by a taxing authority against the Company or any of its Subsidiaries.

(c) Except as set forth in Section 4.11(c) of the Disclosure Letter:

(i) all material amounts required to be paid on or before the date hereof by or with respect to the Company and its Subsidiaries (or any of them) with respect to Taxes have been timely paid; and

(ii) any material amounts required to be paid by or with respect to the Company and its Subsidiaries (or any of them) with respect to Taxes after the date hereof and on or before the Effective Time shall be timely paid.

(d) Except as set forth in Section 4.11(d) of the Disclosure Letter, neither the Company nor any of its Subsidiaries has been or is a party to any tax sharing agreement or similar arrangement.

(e) Section 4.11(e) of the Disclosure Letter identifies:

(i) with respect to Subsidiaries of the Company acquired from a common parent of an affiliated group of corporations that filed a consolidated federal income tax return, the common parent of such group, and the period to which such returns related, that included the Company or any of its Subsidiaries;

(ii) all claims with respect to Taxes in a material amount that have been asserted against the Company and its Subsidiaries (or any of them) under any tax sharing agreement to which any of them is a party.

(f) The Company and its Subsidiaries have made adequate provisions in accordance with United States generally accepted accounting principles appropriately and consistently applied to each of the Company and its Subsidiaries in the consolidated financial statements included in the SEC Reports for the payment of all Taxes for which each of the Company and its Subsidiaries may be liable for the periods covered thereby that were not yet due and payable as of the dates thereof, except for inadequate provision for tax liabilities that has not had or would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect.

SECTION 4.12 COMPLIANCE WITH LAW. Neither the Company nor any of its Subsidiaries is in conflict in any material respect with, in default in any material respect with respect to or in violation in any material respect of, any material statute, law, ordinance, rule, regulation, order, judgment or decree applicable to the Company or any of its Subsidiaries or by which any property or asset of the Company or any of its Subsidiaries is bound or affected. The

Company and its Subsidiaries have all permits, licenses, authorizations, consents, approvals and franchises from Governmental Entities required to conduct their businesses as currently conducted (the "COMPANY PERMITS"), except for such permits, licenses, authorizations, consents, approvals and franchises the absence of which has not had or would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect or a material adverse effect on the ability of the parties to consummate the Offer or the Merger. The Company and its Subsidiaries are in compliance with the terms of the Company Permits, except where the failure so to comply has not had or would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect or a material adverse effect on the ability of the parties to consummate the Offer or the Merger.

SECTION 4.13 ENVIRONMENTAL MATTERS. (a) (i) The Company and each of its Subsidiaries have been and are in compliance with all applicable Environmental Laws (as defined in Section 4.13(b)) except for such instances of non-compliance that have not had or would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect, (ii) the Company and each of its Subsidiaries have all material permits, licenses, consents, approvals, waivers, variances and other authorizations ("AUTHORIZATIONS") that are required with respect to the operation of its business, property and assets under the Environmental Laws and are in compliance with such Authorizations and all such Authorizations are in full force and effect except for such non-compliance or failures to be in full force and effect that have not had and would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect, (iii) except as set forth in Section 4.13 of the Disclosure Letter, none of the Company or its Subsidiaries are subject to any material claims, actions, suits, proceedings, investigations, decrees, judgments or orders pursuant to Environmental Law or principles of common law relating to pollution of the environment or health and safety which have had or would reasonably be likely to have a Material Adverse Effect.

(b) For purposes of this Agreement, "ENVIRONMENTAL LAW" means any statute, law, ordinance, rule, regulation, order, judgment or decree applicable to the Company or any of its Subsidiaries relating to (i) pollution or the protection or preservation of the environment or natural resources, (ii) Releases or threatened Releases, and (iii) the management (including use, treatment, handling, storage, disposal, transportation, recycling or remediation) of any Hazardous Substance.

(c) For purposes of this Agreement, "HAZARDOUS SUBSTANCE" means any substance, pollutant, contaminant, chemical or other material (including petroleum or any fraction thereof, asbestos or asbestos-containing-material, polychlorinated biphenyls, urea formaldehyde foam insulation) or waste that is identified or regulated under any Environmental Law.

(d) For purposes of this Agreement, "RELEASE" means any spill, discharge, leak, emission, disposal, injection, escape, dumping, leaching, dispersal, emanation, migration or release of any kind whatsoever of any Hazardous Substance in, on, into, through or onto the environment.

SECTION 4.14 INTELLECTUAL PROPERTY.

(a) Section 4.14(a) of the Disclosure Letter lists the Company's Intellectual Property Rights on the date hereof falling within the following categories that are material to the Company and its Subsidiaries taken as a whole: (i) Trademarks, (ii) Copyrights, (iii) Patents, (iv) Software (other than commercially available software used under a shrink-wrap license), (v) agreements under which the Company or any of its Subsidiaries are licensed to use Intellectual Property owned by a third party (including all amendments or supplements thereto or continuing thereunder) (other than commercially available software licenses having annual fee obligations of less than $10,000) and (vi) agreements under which the Company or any of its Subsidiaries has granted a license to a third party to use any of the Company Intellectual Property Rights (including all amendments or supplements thereto or continuing thereunder).

(b) (i) with respect to each of the Company Intellectual Property Rights, the Company and its Subsidiaries at the Effective Time will either (A) be the sole and exclusive owners of the Company Intellectual Property Rights free and clear of any royalty or other payment obligation, lien or charge or (B) have sufficient rights to use such Company Intellectual Property Rights under a valid and enforceable license from a third party, (ii) the Company Intellectual Property Rights are fully assignable, without material conditions, limitations or restrictions and (iii) there are no agreements which materially restrict or limit the use by the Company or its Subsidiaries of the Company Intellectual Property Rights.

(c) (i) to the Knowledge of the Company, (A) the Company Intellectual Property Rights and the products and services of the Company and its Subsidiaries do not infringe on Intellectual Property Rights of any person or entity in any country and (B) there exists no material impediment which would impair the Company's rights to conduct its business or the business of its Subsidiaries after the Effective Time pursuant to the Company Intellectual Property Rights; and (ii) the Company and its Subsidiaries have taken all reasonable and appropriate steps to protect the Company Intellectual Property Rights and, where applicable, to preserve the confidentiality of the Company Intellectual Property Rights.

(d) The term "INTELLECTUAL PROPERTY RIGHTS" means all proprietary and other rights, including rights granted under license, in and to the following:

(i) trademarks, service marks, trademark registrations, service mark registrations, trade names and applications for registration of trademarks and service marks ("TRADEMARKS");

(ii) copyrights, copyright registrations and applications for registration of copyrights ("COPYRIGHTS");

(iii) patents, design patents and utility patents, all applications for grant of any such patents pending as of the date hereof or as of the Effective Time or filed within five years prior to the date hereof, and all reissues, divisions, continuations-in-part and extensions thereof ("PATENTS");

(iv) computer software, including source code, object code, algorithms, databases, and all related documentation ("SOFTWARE");

(v) technical documentation, trade secrets, designs, inventions, processes, formulae, know-how, operating manuals and guides, plans, new product development, technical and marketing surveys, material specifications, product specifications, invention records, research records, labor routings, inspection processes, equipment lists, engineering reports and drawing, architectural or engineering plans, know-how agreements and other know-how; marketing and licensing records, sales literature, customer lists, trade lists, sales forces and distributor networks lists, advertising and promotional materials, service and parts records, warranty records, maintenance records and similar records; and

(vi) all rights and incidents of interest in and to all noncompetition or confidentiality agreements;

in each case including any all applications therefor or registrations, renewals, modifications and extensions thereof.

(e) The term "COMPANY INTELLECTUAL PROPERTY RIGHTS" shall mean all material Intellectual Property Rights owned or used under license by the Company or any of its Subsidiaries.

SECTION 4.15 REAL PROPERTY.

(a) Section 4.15(a) of the Disclosure Letter lists all of the real property owned in fee by the Company and its Subsidiaries during the last five years. Each of the Company and its Subsidiaries has good and marketable title to each parcel of real property owned by it free and clear of all mortgages, pledges, liens, encumbrances and security interests, except (i) those reflected or reserved against in the balance sheet of the Company dated as of December 31, 1999 and included in the SEC Reports, (ii) Taxes and general and special assessments not in default and payable without penalty and interest and
(iii) other liens, mortgages, pledges, encumbrances and security interests that do not materially interfere with the Company's or such Subsidiary's use and enjoyment of such real property or materially detract from or diminish the value thereof or that, have had or would reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect.

(b) Section 4.15(b) of the Disclosure Letter sets forth a list of all material leases, subleases and other agreements under which the Company or any of its Subsidiaries uses or occupies or has the right to use or occupy, now or in the future, any material real property (the "REAL PROPERTY LEASES").
Section 4.15(b) of the Disclosure Letter also sets forth a list of all material leases, subleases and other agreements under which the Company or any of its Subsidiaries has used or occupied any material real property during the last five years. Each Real Property Lease is valid, binding and in full force and effect, and no termination event or condition or uncured default of a material nature on the part of the Company or any such Subsidiary exists under any Real Property Lease. Each of the Company and its Subsidiaries has a good and valid leasehold interest in each parcel of real property leased by it free and clear of all mortgages, pledges, liens, encumbrances and security interests, except
(i) those reflected or reserved against in the balance sheet of the Company dated as of December 31, 1999, (ii) Taxes and general and special assessments not in default and payable without penalty and interest and

(iii) other liens, mortgages, pledges, encumbrances and security interests that do not materially interfere with the Company's use and enjoyment of such real property or materially detract from or diminish the value thereof or that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

SECTION 4.16 MATERIAL CONTRACTS. (a) The Company has made available to Parent and Purchaser copies of all contracts, agreements, commitments, arrangements, leases (including with respect to personal property) and other instruments to which the Company or any of its Subsidiaries is a party or by which the Company, any of its Subsidiaries or any of their respective assets is bound that (a) involves or could involve aggregate payments of more than $500,000 or (b) is with any of the Company's officers, directors or affiliates (each of (a) and (b), a "MATERIAL CONTRACT").

(b) There is no contract, agreement or understanding that was required to be described in or filed as an exhibit to any Company SEC Report that was not described in or filed as required by the Securities Act or the Exchange Act, as the case may be. Except as has not had or would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect, all such contracts, agreements and understandings are valid and binding and are in full force and effect and enforceable in accordance with their respective terms other than contracts, agreements or understandings which are by their terms no longer in force or effect. Except to the extent any of the following would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, the Company is not in violation or breach of or default under any such contract, agreement or understanding, nor to the Company's knowledge is any other party to any such contract, agreement or understanding. Except as set forth in Section 4.16 of the Disclosure Letter and the Company SEC Reports, neither the Company nor any of its Subsidiaries is a party to or bound by any contract, agreement or arrangement (including any lease of real property)
(i) restricting the ability of the Company or any of its Subsidiaries (or after the Merger, Parent or any of its Subsidiaries) to compete in or conduct any line of business or to engage in business in any geographic area, (ii) containing covenants of any other Person not to compete in any material respect with the Company or any of its Subsidiaries or (iii) containing any so-called "most favored nation" provisions or any similar provision requiring the Company or any Subsidiary (or after the Merger, Parent or any of its Subsidiaries) to offer a third party terms or concessions at least as favorable as offered to one or more other parties.

SECTION 4.17. OPINION OF FINANCIAL ADVISOR. The Board of Directors of the Company has received the opinion of Prudential, a copy of which has been provided to Parent, to the effect that, as of the date of this Agreement, the consideration to be received in the Offer and the Merger, by the holders of Shares (other than Parent or its affiliates) is fair to such holders from a financial point of view.

SECTION 4.18. VOTE REQUIRED. The only vote of the holders of any class or series of Company capital stock necessary to approve the Merger is the affirmative vote of the holders of a majority of the outstanding Shares.

SECTION 4.19. ANTI-TAKEOVER PLAN; STATE TAKEOVER STATUTES. Neither the Company nor any Subsidiary has in effect any shareholder rights plan or similar device or arrangement, commonly or colloquially known as a "poison pill" or "anti-takeover" plan or any

similar plan, device or arrangement and the Board of Directors of the Company has not adopted or authorized the adoption of such a plan, device or arrangement. The Board of Directors of the Company has taken all necessary actions to exempt the Offer, the Merger, this Agreement and the transactions contemplated by this Agreement from the New Jersey Shareholders Protection Act (Sections 14A:10A-1 to 14A:1A-9 of the Corporation Law). To the best of the Company's knowledge, no other state takeover statute or similar statute or regulation applies or purports to apply to the Offer, the Merger, this Agreement, or any of the transactions contemplated by this Agreement.

SECTION 4.20. INSURANCE. Except as has not had or would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect, (i) the Company maintains, and has maintained, without interruption, during its existence, policies or binders of insurance covering such risk, and events, including personal injury, property damage and general liability in amounts the Company reasonably believes adequate for its business and operations and (ii) such policies shall not terminate as a result of the consummation of the transactions contemplated hereby.

SECTION 4.21 ACCOUNTS RECEIVABLE. Except as has not had or would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect, the accounts receivable of the Company and its Subsidiaries as reflected in the 1999 Financial Statements, to the extent uncollected on the date hereof, and the accounts receivable reflected on the books of the Company and its Subsidiaries (i) have arisen in the ordinary course of business of the Company and its Subsidiaries and (ii) subject only to reserves for bad debts computed in a manner consistent with past practice and reasonably estimated to reflect the probable results of collection, have been collected or are collectible in the ordinary course of business of the Company and its Subsidiaries in the aggregate recorded amounts shown in the Company Financial Statements in accordance with their terms.

SECTION 4.22. CUSTOMERS. Section 4.22 of the Company Disclosure Letter sets forth a list of (i) the top fifty (50) customers of the Company and its Subsidiaries (based on revenue for the last completed fiscal year), (ii) for each such customer, the amount of the dollar volume for calendar year 1999 and (iii) confirmation of whether a written agreement (other than periodic purchase orders) exists between the Company or any of its Subsidiaries and each such customer and the effective date of each such written agreement. Except as has not had or would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect, the relationships of the Company and its Subsidiaries with such customers are good commercial working relationships and, (ii) except as set forth in Section 4.22 of the Disclosure Letter, no Person listed on Section 4.22 of the Disclosure Letter within the last twelve months has canceled or otherwise terminated the relationship of such Person with the Company or any of its Subsidiaries.

ARTICLE V

REPRESENTATIONS AND
WARRANTIES OF PARENT AND PURCHASER

Parent and Purchaser jointly and severally represent and warrant to the Company as follows:

SECTION 5.01 ORGANIZATION AND QUALIFICATION. Each of Parent and Purchaser is a duly organized and validly existing corporation in good standing under the laws of the jurisdiction of its organization. All of the issued and outstanding capital stock of Purchaser is owned directly or indirectly by Parent.

SECTION 5.02 AUTHORITY FOR THIS AGREEMENT. Each of Parent and Purchaser has all requisite corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement by Parent and Purchaser and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary corporate proceedings on the part of Parent and Purchaser. This Agreement has been duly and validly executed and delivered by Parent and Purchaser and assuming the due authorization, execution and delivery of this Agreement by the Company, constitutes a legal, valid and binding agreement of each of Parent and Purchaser, enforceable against each of Parent and Purchaser in accordance with its terms.

SECTION 5.03 OFFER DOCUMENTS; PROXY STATEMENT.

(a) None of the Offer Documents will, at the times such documents are filed with the SEC and are mailed to the shareholders of the Company, contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances under which they are made, not misleading, except that no representation is made by Parent or Purchaser with respect to information supplied in writing by the Company or an affiliate of the Company for inclusion therein. The Offer Documents will comply as to form in all material respects with the provisions of the Exchange Act and the rules and regulations of the SEC thereunder.

(b) None of the information supplied by Parent, Purchaser or any affiliate of Parent or Purchaser for inclusion in the Proxy Statement or the Schedule 14D-9 will, at the date of filing with the SEC, and, in the case of the Proxy Statement, at the time the Proxy Statement is mailed and at the time of the Special Meeting, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.

SECTION 5.04 CONSENTS AND APPROVALS; NO VIOLATION. Neither the execution and delivery of this Agreement by Parent or Purchaser nor the consummation of the transactions contemplated hereby will (a) conflict with or result in any breach of any provision of the respective Certificate of Incorporation or Bylaws (or other similar governing documents) of Parent or Purchaser, (b) require any consent, approval, authorization or permit of, or filing with or notification to, any Governmental Entity, except (i) as may be required under the HSR Act, any non-United States competition, antitrust and investment laws, the Securities Act, the

Exchange Act, the Corporation Law and the "takeover", "blue sky" or securities laws of various states or (ii) where the failure to obtain such consent, approval, authorization or permit, or to make such filing or notification, would not, individually or in the aggregate, have a material adverse effect on the ability of the parties hereto to consummate the transactions contemplated hereby, (c) require any consent, waiver or approval or result in a default (or give rise to any right of termination, cancellation, modification or acceleration) under any of the terms, conditions or provisions of any note, license, agreement, contract, indenture or other instrument or obligation to which Parent or Purchaser or any of their respective Subsidiaries is a party or by which Parent or any of its Subsidiaries or any of their respective assets may be bound, except for such defaults (or rights of termination, cancellation, modification or acceleration) as to which requisite waivers or consents have been obtained or which would not individually or in the aggregate have a material adverse effect on the ability of the parties hereto to consummate the transactions contemplated hereby or (d) violate any order, writ, injunction, decree, statute, rule or regulation applicable to Parent, Purchaser or any of their respective Subsidiaries or by which any of their respective assets are bound, except for violations which would not, individually or in the aggregate, have a material adverse effect on the ability of the parties hereto to consummate the transactions contemplated hereby.

SECTION 5.05 OPERATIONS OF PURCHASER. Purchaser was formed solely for the purpose of engaging in the transactions contemplated hereby, has engaged in no other business activities and has conducted and will conduct its operations only as contemplated hereby.

SECTION 5.06 BROKERS. No Person or entity is entitled to receive any brokerage, finder's or other fee or commission in connection with this Agreement or the transactions contemplated hereby based upon the agreements made by or on behalf of the Company or any of its Subsidiaries.

SECTION 5.07 LITIGATION. There is no claim, action, suit, proceeding or governmental investigation pending or, to the knowledge of Parent or Purchaser, threatened against either Parent or Purchaser or any of their Subsidiaries that seeks to or could reasonably be expected to have a material adverse effect on the ability of the parties hereto to consummate the transactions contemplated hereby.

SECTION 5.08 SUFFICIENT FUNDS. Parent has, and at the time of acceptance for payment of Shares pursuant to the Offer and at the Effective Time will have and will make available to Purchaser, sufficient and immediately available funds to purchase all of the Shares and to pay the Merger Consideration and to pay all amounts that may be due in respect of consummating the Offer, the Merger and the transactions contemplated hereby.

ARTICLE VI

COVENANTS

SECTION 6.01 CONDUCT OF BUSINESS OF THE COMPANY. Except as set forth in Section 6.01 of the Disclosure Letter and expressly contemplated by this Agreement, during the period from the date of this Agreement to the earlier of the Effective Time and the date on which a majority of the Company's directors are designees of Parent or Purchaser, or until the earlier

termination of this Agreement, the Company will conduct and will cause each of its Subsidiaries to conduct its operations according to its ordinary and usual course of business and consistent with past practice. Without limiting the generality of the foregoing and except as otherwise expressly provided in or contemplated by this Agreement, during the period specified in the preceding sentence, without the prior written consent of Parent, the Company will not and will not permit any of its Subsidiaries to:

(a) issue, sell, grant options or rights to purchase, pledge, or authorize or propose the issuance, sale, grant of options or rights to purchase or pledge of (i) any Company Securities (including any Existing Stock Option) or Subsidiary Securities, or grant or accelerate any right to convert or exchange any Company Securities or Subsidiary Securities, other than Shares issuable upon exercise of the Existing Stock Options and other than as may be provided under the Stock Purchase Plan or (ii) any other securities in respect of, in lieu of or in substitution for Shares outstanding on the date hereof;

(b) acquire or redeem, directly or indirectly, or amend any Company Securities or Subsidiary Securities;

(c) split, combine or reclassify its capital stock or declare, set aside, make or pay any dividend or distribution (whether in cash, stock or property) on any shares of its capital stock (other than cash dividends paid to the Company by its wholly-owned Subsidiaries with regard to their capital stock);

(d) propose or adopt any amendment to its Certificate of Incorporation or Bylaws (or similar documents);

(e) other than in the ordinary course of business and consistent with past practice, grant any stock related performance or similar awards or bonuses;

(f) (i) acquire or agree to acquire by merging or consolidating with, or by purchasing a substantial portion of the assets of, or by any other manner, any business or any corporation, partnership, joint venture, association or other business organization or division thereof or (ii) acquire or agree to acquire, lease or manage any assets, other than in the ordinary course of business and consistent with past practice and other than assets that are immaterial to the Company and its Subsidiaries taken as a whole;

(g) other than in the ordinary course of business and consistent with past practice, sell, lease, license, mortgage or otherwise encumber or subject to any lien or otherwise dispose of any of its properties or assets, or stock or other ownership interest in any of its properties or subsidiaries other than (i) any liens for taxes not yet due and payable or being contested in good faith by appropriate proceedings for which adequate reserves have been provided in the consolidated balance sheet of the Company at December 31, 1999 and (ii) such mechanics and similar liens, if any, as do not materially detract from the value of any of such properties, assets, stock or ownership interests or materially interfere with the present use of any of such properties or assets;

(h) make any commitment or enter into, or amend, modify, or terminate any contract or agreement material to the Company and its Subsidiaries taken as a whole;

(i) (1) incur any indebtedness for borrowed money or guarantee any such indebtedness of another Person, issue or sell any debt securities or warrants or other rights to acquire any debt securities of the Company or any of its Subsidiaries, guarantee any debt securities of another person, enter into any "keep well" or other agreement to maintain any financial statement condition of another person or enter into any arrangement having the economic effect of any of the foregoing, except for borrowings under its line of credit for working capital purposes and the endorsement of checks in the normal course of business or (2) make any loans, advances or capital contributions to, or investments in, any other person, other than to the Company or any direct or indirect wholly owned Subsidiary of the Company and other than travel and entertainment advances to employees in the ordinary course of business consistent with past practice;

(j) establish, adopt, enter into or amend any collective bargaining, bonus, profit sharing, thrift, compensation stock option, restricted stock, pension, retirement, deferred compensation, employment termination, severance or other plan, agreement, trust, fund, policy or arrangement for the benefit of any current or former director, officer and employee;

(k) except as disclosed in the Company SEC Reports and except as may be required as a result of a change in law or in GAAP or a change in order to comply with SEC requirements, change any of its accounting policies or its procedures (including, without limitation, procedures with respect to the payment of accounts payable and collection of accounts receivable);

(l) ensure that it and each of its Subsidiaries shall, use its reasonable best efforts to keep or cause to be kept its material existing insurance policies (or substantial equivalents) in such amounts duly in force until the Effective Time and shall give Parent notice of any material change in its insurance policies;

(m) (i) take any action that would make any representation and warranty of the Company hereunder inaccurate in any material respect at, or as of any time prior to, the Effective Time or (ii) omit to take any action necessary to prevent any such representation or warranty from being inaccurate in any material respect at such time;

(n) enter into any new, or amend any existing, employment, severance, consulting or salary continuation agreements with or for the benefit of any officers, directors or employees, or grant any increases in the compensation or benefits to officers, directors and employees (other than normal increases to persons who are not officers or directors in the ordinary course of business consistent with past practices and that, in the aggregate, do not result in a material increase in benefits or compensation expense of the Company); or

(o) agree in writing or otherwise to take any of the foregoing actions.

SECTION 6.02 NO SOLICITATION. (a) The Company shall not, and shall cause its Subsidiaries and the officers, directors, employees, representatives (including investment bankers, attorneys and accountants), agents or affiliates of the Company and its Subsidiaries not to, directly or indirectly, (i) encourage, solicit or initiate any Acquisition Proposal (as defined in Section 6.02(f)(i)) or (ii) participate in negotiations with, or provide any information to, or afford any access to the properties, books or records of the Company or any of its Subsidiaries, or otherwise take any other action to assist or facilitate (including granting any waiver or release under any standstill or similar agreement with respect to any securities of the Company) any Person or group (other than Parent or Purchaser or any affiliate or associate of Parent or Purchaser) (a "POTENTIAL ACQUIROR") concerning any Acquisition Proposal. In the event the Company receives any Acquisition Proposal, the Company shall as promptly as reasonably practicable notify Parent of such receipt and provide Parent with the identity of the Potential Acquiror and a reasonable description of such Acquisition Proposal (or a copy thereof).

(b) Notwithstanding the provisions of Section 6.02(a), the Company may take any of the actions referred to in Section 6.02(a)(ii) with respect to a Potential Acquiror that has made an unsolicited written bona fide Acquisition Proposal provided that all of the following conditions are satisfied: (i) the Board of Directors of the Company (acting by a majority of the entire board) determines in good faith, after consultation with its independent financial advisor and independent legal counsel, that such Acquisition Proposal is reasonably likely to result in the making of a Superior Proposal (as defined in Section 6.02(f)(ii)); (ii) as promptly as reasonably practicable (and in any event within 24 hours of receipt) the Company notifies Parent of the receipt of such Acquisition Proposal and/or any request for nonpublic information relating to the Company or any of its Subsidiaries or for access to the properties, books or records of the Company or any of its Subsidiaries by the Potential Acquiror that has made such Acquisition Proposal and that the Company intends to engage in negotiations with, or to provide information to such Potential Acquiror, (iii) the Company receives from such Potential Acquiror an executed confidentiality or standstill agreement that is no more favorable to such person than the Confidentiality Agreement dated January 5, 2000, between ADP Financial Information Services, Inc. (a wholly-owned subsidiary of Parent) and the Company (the "CONFIDENTIALITY AGREEMENT"); and (iv) the Company furnishes or makes available to Parent the same information provided to such person (to the extent not previously furnished or made available). If the Company (or any of its Subsidiaries or its or their respective officers, directors, employee, representatives, agents or affiliates) participates in discussion or negotiations with , or provides information to a Potential Acquiror, the Company will keep Parent advised on a current basis of any material developments with respect thereto.

(c) The Company will, and will cause its Subsidiaries and the respective officers, directors, employees, representatives, agents and affiliates of the Company and its Subsidiaries to, immediately cease and cause to be terminated any existing solicitation, activity, discussions or negotiations with any Persons (other than Parent, Purchaser or any of their respective affiliates or associates) conducted prior to the date hereof with respect to any Acquisition Proposal.

(d) Unless the Company terminates this Agreement in accordance with Section 8.01(e), the Company shall not (i) withdraw or modify, or propose publicly to withdraw or modify, in a manner adverse to Parent or Purchaser, the approval or recommendation of the Offer or the Merger as set forth in Section 1.02(a), (ii) approve or recommend, or propose

publicly to approve or recommend, any Acquisition Proposal, or (iii) enter into any letter of intent, agreement in principle or acquisition agreement related to any Acquisition Proposal.

(e) Nothing contained in this Section 6.02 shall prohibit the Company or its Board of Directors from taking and disclosing to the Company's shareholders a position with respect to an Acquisition Proposal by a third party pursuant to Rules 14d-9 and 14e-2(a) promulgated under the Exchange Act or otherwise communicating with the Company's shareholders to the extent required by law.

(f) For purposes of this Agreement,

(i) "ACQUISITION PROPOSAL" means any offer or proposal, or any indication of interest in making an offer or proposal, made by a Person or group at any time which is structured to permit such Person or group to acquire beneficial ownership of at least 20% of the assets of the Company and its Subsidiaries taken as a whole, or at least 20% of the outstanding shares of capital stock of the Company pursuant to a merger, consolidation or other business combination, sale of shares of capital stock, sale of assets, tender offer or exchange offer or similar transaction, including any single or multi-step transaction or series of related transactions, in each case other than the Offer and the Merger, and

(ii) "SUPERIOR PROPOSAL" means any unsolicited, bona fide written Acquisition Proposal which the Board of Directors of the Company (acting by a majority of the entire board) determines in its good faith judgment (after consultation with its independent financial advisors and independent legal counsel) taking into account applicable legal, financial, regulatory and other relevant aspects of the Acquisition Proposal, the identity of the Person making the proposal and other relevant considerations, that (i) such Acquisition Proposal is more favorable from a financial point of view to the Company's shareholders than this Agreement, (ii) the conditions to the consummation of such Acquisition Proposal are reasonably capable of being satisfied promptly and (iii) financing for such transaction, to the extent required, is then committed or reasonably available.

SECTION 6.03 ACCESS TO INFORMATION.

(a) From and after the date of this Agreement, the Company will (i) give Parent and Purchaser and their authorized accountants, investment bankers, counsel and other representatives access (during regular business hours upon reasonable notice and in a manner so as not to interfere with the normal operations of the Company and its Subsidiaries) to the facilities and books and records of the Company and its Subsidiaries and (ii) cause its officers and those of its Subsidiaries to furnish Parent and Purchaser with such financial and operating data and other information with respect to the business, properties and personnel of the Company and its Subsidiaries as Parent or Purchaser may from time to time reasonably request.

(b) Information obtained by Parent or Purchaser pursuant to
Section 6.03(a) shall be subject to the provisions of the Confidentiality Agreement as if Parent was a party thereto, the terms of which are incorporated herein by reference.

SECTION 6.04 REASONABLE EFFORTS; FURTHER ACTIONS.

(a) Subject to the terms and conditions herein provided for, each of the parties hereto agrees to use its reasonable efforts to take, or cause to be taken, all appropriate action, and to do, or cause to be done, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective, in the most expeditious manner practicable, the transactions contemplated by this Agreement. Without limiting the foregoing, (i) each of the Company, Parent and Purchaser shall use its reasonable best efforts to make promptly any required submissions under the HSR Act that the Company or Parent determines should be made, in each case, with respect to the Offer, the Merger and the transactions contemplated hereby and to respond as promptly as practicable to all inquiries received from any Governmental Entity with respect to such submissions for additional information or documentation, and (ii) Parent, Purchaser and the Company shall cooperate with one another (A) in promptly determining, in connection with the consummation of the transactions contemplated by this Agreement, whether any filings are required to be or should be made or consents, approvals, permits or authorizations are required to be or should be obtained under any other federal, state or foreign law or regulation or whether any consents, approvals or waivers are required to be or should be obtained from other parties to loan agreements or other contracts or instruments material to the Company's business and (B) in promptly making any such filings, furnishing information required in connection therewith and seeking to obtain timely any such consents, permits, authorizations, approvals or waivers.

(b) In case at any time after the Effective Time any further action is necessary or desirable to carry out the purposes of this Agreement, Parent shall cause the proper officers and directors of each party to this Agreement to take all such necessary action.

(c) In the event that any action, suit, proceeding or investigation relating hereto or to the transactions contemplated hereby is commenced, whether before or after the Effective Time, the parties hereto agree to cooperate and use all reasonable efforts to defend vigorously against it and respond thereto.

SECTION 6.05 INDEMNIFICATION AND INSURANCE.

(a) Parent and Purchaser agree that all rights to indemnification existing in favor of the present or former directors, officers and employees (or any person who served at the Company's or any of its Subsidiaries' request as an officer, director, or agent) of the Company or any of its Subsidiaries (or any other entity or enterprise, such as, a partnership, joint venture, trust or employee benefit plan) as provided in the Company's Certificate of Incorporation or Bylaws, or the articles of organization, bylaws or similar documents of any of the Company's Subsidiaries or other entity or enterprise and the indemnification agreements, if any, with such person or persons, as in effect as of the date hereof with respect to matters occurring prior to the Effective Time shall survive the Merger and shall continue in full force and effect without modification (other than modifications that would enlarge the indemnification rights) for a period of not less than the statutes of limitations applicable to such matters, and Parent shall, and after the Effective Time shall cause the Surviving Corporation to, comply fully with its obligations hereunder and thereunder. The Certificate of Incorporation and By-Laws of the Surviving Corporation shall not be amended, repealed or otherwise modified for the period set forth in the

preceding sentence in any manner that would adversely affect the rights thereunder of individuals who as of the date hereof were directors, officers or employees of the Company or otherwise entitled to indemnification under the Certificate of Incorporation, By-Laws or indemnification agreements (the "INDEMNIFIED PARTIES") and such Certificate of Incorporation of the Surviving Corporation shall include provisions providing for the indemnification of and the advancement of expenses to, such Indemnified Parties identical to those contained in the Company's Certificate of Incorporation. It is understood and agreed that the Company shall, to the fullest extent permitted under applicable law and regardless of whether the Merger becomes effective, indemnify, defend and hold harmless, and after the Effective Time, Parent and the Surviving Corporation shall, to the fullest extent permitted under applicable law, indemnify, defend and hold harmless, each Indemnified Party against any costs or expenses (including reasonable attorney's fees), judgments, fines, losses, claims, damages, liabilities, and amounts paid in settlement entered into with the consent of Parent (which consent shall not be unreasonably withheld) in connection with any claim, action, suit, proceeding or investigation, including without limitation, liabilities arising out of this Agreement and the transactions contemplated hereby, to the extent that it was based on the fact that such Indemnified Party is or was a director, officer or employee of the Company and arising out of actions or omissions or alleged actions or omissions occurring at or prior to the Effective Time, and in the event of any such claim, action, suit proceeding or investigation (whether arising before or after the Effective Time) (i) the Company or Parent, as applicable, shall pay the reasonable fees and expenses of one counsel (provided that if different Indemnified Parties are subject to different claims, actions, suits, proceedings or investigations , each Indemnified Party may select his or her own counsel) which counsel shall be reasonably satisfactory to the Company or the Surviving Corporation, promptly as statements therefor are received and (ii) the Company and the Surviving Corporation will cooperate in the defense of any such matter.

(b) Parent shall or shall cause the Surviving Corporation to maintain in effect for a period of six years after the Effective Time, in respect of acts or omissions occurring prior to the Effective Time, policies of directors' and officers' liability insurance and fiduciary liability insurance and fiduciary insurance covering the persons described in Section 6.05(a) (which may include including such persons under Parent's existing policies); and such policies provided by Parent shall provide substantially similar coverage as is provided for the persons who are covered by the Company's existing policies; PROVIDED, HOWEVER, that Parent will not be required in order to maintain such policies to pay an annual premium in excess of 200% of the aggregate annual amounts currently paid by the Company to maintain its existing policies; and PROVIDED FURTHER that, if equivalent coverage cannot be obtained, or can be obtained only by paying an annual premium in excess of 200% of such amount, the Surviving Corporation shall only be required to obtain as much coverage as can be obtained by paying an annual premium equal to 200% of such amount.

(c) This Section 6.05 shall survive the consummation of the Merger and is intended to benefit, and shall be enforceable, by any Person or entity entitled to be indemnified hereunder (whether or not parties to this Agreement). Parent shall cause the Surviving Corporation to pay all reasonable costs and expenses, including attorney's fees, that may be incurred by any Indemnified Parties in enforcing the indemnity and other obligations provided for in this Section 6.05.

SECTION 6.06 EMPLOYEE MATTERS (a) Prior to the Effective Time, except as set forth below, the Company will, and will cause its Subsidiaries to, and from and after the Effective Time, Parent will, and will cause the Surviving Corporation to, honor in accordance with their terms all existing employment, severance, consulting and salary continuation agreements between the Company or any of its Subsidiaries and any current or former officer, director, employee or consultant of the Company or any of its Subsidiaries specified in Section 4.09(a) of the Disclosure Letter; PROVIDED, HOWEVER, that nothing herein shall preclude the Parent or any of its affiliates from having the right to terminate the employment of any employee, with or without cause, or to amend or to terminate in accordance with its terms and applicable law any employee benefit plan of Parent ("PARENT BENEFIT PLAN") established, maintained or contributed to by the Parent or any of its affiliates after the Effective Time.

(b) After the Effective Time, Parent shall either continue existing Employee Benefit Plans (including without limitation any severance plan or arrangement) and compensation practices or shall provide, or cause the Surviving Corporation or its Subsidiaries to provide, benefits to employees of the Company and its Subsidiaries, other than employees covered by collective bargaining agreements, as hereinafter set forth, that are no less favorable in the aggregate than the benefit plans and programs provided to similarly situated employees of Parent or its Subsidiaries; PROVIDED, HOWEVER, that nothing herein shall preclude the Parent or any of its affiliates from having the right to terminate in accordance with its terms and applicable law any Parent Employee Benefit Plan established, maintained or contributed to by the Parent or any of its affiliates after the Effective Time. Employees covered by collective bargaining arrangements shall have the benefits negotiated therein.

(c) Except as specifically provided herein, Parent will, and will cause the Surviving Corporation to, cause service rendered by employees of the Company and its Subsidiaries prior to the Effective Time to be taken into account for vesting and eligibility purposes under all employee benefit plans, programs, policies and arrangements of Parent, the Surviving Corporation and its Subsidiaries, to the same extent as such service was taken into account under the corresponding plans of the Company and its Subsidiaries for those purposes, provided that nothing herein shall result in the duplication of any benefits. Employees of the Company and its Subsidiaries will not be subject to any pre-existing condition limitation under any health plan of Parent, the Surviving Corporation or its Subsidiaries for any condition for which they would have been entitled to coverage under the corresponding plan of the Company or its Subsidiaries in which they participated prior to the Effective Time. Parent will, and will cause the Surviving Corporation and its Subsidiaries, to give such employees credit under such plans for co-payments made and deductibles satisfied prior to the Effective Time.

SECTION 6.07 PROXY STATEMENT. Unless the Merger is consummated as contemplated by Section 2.09, the Company shall prepare and file with the SEC, subject to the prior review and approval of Parent and Purchaser (which approval shall not be unreasonably withheld), as soon as practicable after the consummation of the Offer, a preliminary proxy or information statement (the "PRELIMINARY PROXY STATEMENT") relating to the Merger as required by the Exchange Act and the rules and regulations thereunder, with respect to the transactions contemplated hereby. The Company shall obtain and furnish the information required to be included in the Preliminary Proxy Statement, shall provide Parent and Purchaser with, and consult with Parent and Purchaser regarding, any comments that may be received from the SEC

or its staff with respect thereto, shall, subject to the prior review and approval of Parent and Purchaser (which approval shall not be unreasonably withheld), respond promptly to any such comments made by the SEC or its staff with respect to the Preliminary Proxy Statement, shall cause the Proxy Statement to be mailed to the Company's shareholders at the earliest practicable date and shall use all reasonable efforts to obtain the necessary approval of the Merger by its shareholders.

SECTION 6.08 NOTIFICATION OF CERTAIN MATTERS. The Company shall give prompt notice to Parent and Purchaser, and Parent or Purchaser, as the case may be, shall give prompt notice to the Company, of the occurrence, or non-occurrence, of any event the occurrence, or non-occurrence, of which is likely (a) to cause any representation or warranty of such party contained in this Agreement to be untrue or inaccurate in any material respect if made as of any time at or prior to the Effective Time and (b) to result in any material failure of such party to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied hereunder (including the conditions set forth in Exhibit A); PROVIDED, HOWEVER, that the delivery of any notice pursuant to this Section 6.08 shall not limit or otherwise affect the remedies available hereunder to any of the parties sending or receiving such notice.

SECTION 6.09 PRESS RELEASES. Parent, Purchaser and the Company will consult with each other before issuing any press release or otherwise making any public statements with respect to the Offer or the Merger or this Agreement and shall not issue any such press release or make any such public statement prior to such consultation (and affording the other party or parties an opportunity to comment thereon), except as may be required by applicable law or stock exchange rules.

SECTION 6.10 INDUSTRIAL SITE RECOVERY ACT COMPLIANCE. The Company and Parent will take all necessary steps to apply for or seek to obtain prior to the Effective Time, for each parcel of real property listed in (x)
Section 4.15(a) of the Disclosure Letter or (y) pursuant to the first sentence of Section 4.15(b) of the Disclosure Letter, in each case located in New Jersey, either: (i) a Letter of Non-Applicability issued pursuant to ISRA; (ii) a No Further Action letter as defined at N.J.S.A. 58:10B-1; (iii) a de minimis quantity exemption as defined in N.J.A.C. 7:26B-2.3, (iv) a Remediation in Progress Waiver as defined at N.J.S.A. 13:1K-11.5 or (v) a Remediation Agreement as defined at N.J.S.A. 13:1K-8, which shall, in each instance, allow the transactions contemplated herein to proceed in compliance with ISRA (the "ISRA APPROVAL"). If, in connection with the issuance or effectiveness of the ISRA Approval, the New Jersey Department of Environmental Protection requires the payment of any fees, the preparation or implementation of any studies or remediation plans, the posting of any financial assurance or the establishment of a remedial funding source, then the Company shall comply with all such requirements.

SECTION 6.11 DESIGNATED BUSINESS. The Company has entered into an Agreement and Plan of Merger on May 1, 2000, providing for the merger of one of its Subsidiaries described in Section 6.11 of the Disclosure Letter (the "DESIGNATED BUSINESS") with and into a corporation owned by the acquiror of the Designated Business with such corporation continuing as the surviving entity, a copy of which has been provided to Parent. On or prior to the Acceptance Date, the Company will consummate the merger of the Designated Business on the terms of such Agreement and Plan of Merger.

ARTICLE VII

CONDITIONS TO CONSUMMATION OF THE MERGER

SECTION 7.01 CONDITIONS TO EACH PARTY'S OBLIGATION TO EFFECT THE MERGER. The respective obligations of each party to effect the Merger are subject to the satisfaction or waiver, where permissible, prior to the proposed Effective Time, of the following conditions:

(a) unless the Merger is consummated as contemplated by
Section 2.09, the Plan of Merger contained in this Agreement shall have been approved by the affirmative vote of the shareholders of the Company required by and in accordance with applicable law;

(b) all necessary waiting periods under the HSR Act applicable to the Merger shall have expired or been terminated;

(c) no statute, rule, regulation, executive order, judgment, decree or injunction shall have been enacted, entered, issued, promulgated or enforced by any court or Governmental Entity against Parent, Purchaser or the Company and be in effect that prohibits or restricts the consummation of the Merger or makes such consummation illegal (each party agreeing to use all reasonable efforts to have such prohibition lifted); and

(d) Purchaser shall have accepted for purchase and paid for the Shares tendered pursuant to the Offer.

ARTICLE VIII

TERMINATION; AMENDMENT; WAIVER

SECTION 8.01 TERMINATION. This Agreement may be terminated and the Merger may be abandoned at any time (notwithstanding approval thereof by the shareholders of the Company) prior to the Effective Time (with any termination by Parent also being an effective termination by Purchaser):

(a) by mutual written consent of the Company and Parent;

(b) by Parent or the Company if any court of competent jurisdiction or other Governmental Entity shall have issued an order, decree or ruling (which order, decree or ruling the parties hereto shall use reasonable efforts to lift), or taken any other action restraining, enjoining or otherwise prohibiting the Merger or any of the transactions contemplated by this Agreement and such order, decree, ruling or other action shall have become final and non-appealable;

(c) by the Company if (i) Purchaser fails to commence the Offer in violation of Section 1.01 hereof, (ii) Purchaser shall not have accepted for payment and paid for Shares pursuant to the Offer in accordance with the terms thereof on or before the 90th

day after the date of this Agreement, (iii) Purchaser fails to purchase validly tendered Shares in violation of the Offer or the terms of this Agreement or (iv) Purchaser or Parent shall have breached any of the representations, warranties or covenants of this Agreement, which breach has had or is reasonably likely to have a material adverse effect on the ability of Parent or Purchaser to consummate the transactions contemplated hereby;

(d) by Parent if, due to an occurrence or circumstance which would result in a failure to satisfy any of the Offer Conditions, Purchaser shall have (i) terminated the Offer without purchasing any Shares pursuant to the Offer or (ii) failed to accept for payment Shares pursuant to the Offer prior to the 90th day after the date of this Agreement;

(e) by the Company, prior to the purchase of Shares pursuant to the Offer, if (i) the Company has received a Superior Proposal, (ii) the Company has complied with the provisions of Section 6.02(a) and
(b), (iii) the Company has notified Parent in writing of its receipt of, and its intention to accept, a Superior Proposal and the material terms thereof and, during a three (3) day period following such notice, has afforded Parent the reasonable opportunity to make one revised proposal (including by negotiating the terms of such any such proposal with Parent), (iv) the Board of Directors of the Company shall have concluded, after considering the results of such negotiations and any revised proposal made by Parent that the Superior Proposal giving rise to the Company's notice continues to be a Superior Proposal, and (v) the Company simultaneously with its termination of this Agreement make the payment required by Section 8.03(b); and

(f) by Parent, prior to the purchase of Shares pursuant to the Offer, if the Company shall have taken or the Board of Directors of the Company shall have resolved to take any of the actions referred to in
Section 6.02(d) or the Company shall have breached any of its obligations under Section 6.02.

SECTION 8.02 EFFECT OF TERMINATION. If this Agreement is terminated and the Merger is abandoned pursuant to Section 8.01 hereof, this Agreement, except for the provisions of Sections 6.03(b), 6.09, 8.02, 8.03 and Article IX hereof, shall forthwith become void and have no effect, without any liability on the part of any party or its directors, officers or shareholders. Nothing in this Section 8.02 shall relieve any party to this Agreement of liability for any willful breach of this Agreement.

SECTION 8.03 FEES AND EXPENSES. (a) Whether or not the Merger is consummated, except as otherwise specifically provided herein, all costs and expenses incurred in connection with the Offer, the Merger, this Agreement and the transactions contemplated by this Agreement shall be paid by the party incurring such expenses. Parent and Purchaser acknowledge and agree that the Company shall be entitled to pay or cause to be paid, at or prior to the Closing, all fees, costs, and expenses incurred by the Company in connection with the Offer, this Agreement and the transactions contemplated by this Agreement.

(b) In the event that this Agreement is terminated (i) pursuant to Section 8.01(e) or Section 8.01(f) or (ii) pursuant to Section 8.01(d) following the initial expiration of the Offer and, with respect to this clause (ii) only, at the time of such termination (A) either (x) the Minimum Tender Condition has not been satisfied or (y) the condition set forth in clause
(iii)(e) of Exhibit A has not been satisfied due to the willful breach by the Company and (B) either (x) at the time of such termination, an Acquisition Proposal existed or has been previously announced or (y) within six months thereafter an Acquisition Proposal shall have been consummated, then the Company shall pay Parent a termination fee of Four Million U.S. Dollars ($4,000,000) PLUS the reimbursement of all of the fees and expenses of Parent and Purchaser related to the Offer, this Agreement and the transactions contemplated hereby (including, without limitation, legal, accounting and investment banking fees and expenses) actually incurred by Parent and Purchaser up to One Million U.S. Dollars ($1,000,000) (the "TERMINATION FEE") in immediately available funds by wire transfer to an account designated by Parent.

(c) Any amounts payable pursuant to Section 8.03(b) shall be payable as promptly as practicable following termination of this Agreement and, if the Company is the party seeking to terminate this Agreement, as a condition thereto.

(d) The Company acknowledges that the agreements contained in
Section 8.03 are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, Parent and Purchaser would not have entered into this Agreement. Accordingly, if the Company fails to pay promptly any amounts due pursuant to Section 8.03, and, in order to obtain such payment, Parent commences a suit which results in a judgment against the Company for the fee or expense reimbursement set forth in this Section 8.03, the Company shall pay to Parent its costs and expenses (including attorneys' fees and expenses) in connection with such suit, together with interest from the date of termination of this Agreement on the amounts so owed at the prime rate of Chase Manhattan Bank in effect from time to time during such period plus four percent (4%).

(e) The prevailing party in any legal action undertaken to enforce this Agreement or any provision hereof shall be entitled to recover from the other party the costs and expenses (including attorneys' and expert witness fees) incurred in connection with such action.

SECTION 8.04 AMENDMENT. To the extent permitted by applicable law, this Agreement may be amended by action taken by or on behalf of the Boards of Directors of the Company, Parent and Purchaser, subject in the case of the Company to Section 1.04(b), at any time before or after approval of this Agreement by the shareholders of the Company but, after any such shareholder approval, no amendment shall be made which decreases the Merger Consideration or which adversely affects the rights of the Company's shareholders hereunder

without the approval of the shareholders of the Company. This Agreement may not be amended, changed, supplemented or otherwise modified except by an instrument in writing signed on behalf of all of the parties.

SECTION 8.05 EXTENSION; WAIVER; REMEDIES. (a) At any time prior to the Effective Time, the parties hereto, by action taken by or on behalf of the respective Boards of Directors of the Company, Parent and Purchaser, subject in the case of the Company to Section 1.04(b), may (i) extend the time for the performance of any of the obligations or other acts of the other parties hereto, (ii) waive any inaccuracies in the representations and warranties contained herein by any other applicable party or in any document, certificate or writing delivered pursuant hereto by any other applicable party or (iii) waive compliance with any of the agreements or conditions contained herein. Any agreement on the part of any party to any such extension or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such party.

(b) All rights, powers and remedies provided under this Agreement or otherwise available in respect hereof at law or in equity shall be cumulative and not alternative, and the exercise of any thereof by any party shall not preclude the simultaneous or later exercise of any other such right, power or remedy by such party. The failure of any party hereto to exercise any rights, power or remedy provided under this Agreement or otherwise available in respect hereof at law or in equity, or to insist upon compliance by any other party hereto with its obligations hereunder, and any custom or practice of the parties at variance with the terms hereof, shall not constitute a waiver by such party of its right to exercise any such or other right, power or remedy or to demand such compliance.

ARTICLE IX

MISCELLANEOUS

SECTION 9.01 SURVIVAL OF REPRESENTATIONS AND WARRANTIES. The representations and warranties made in Articles IV and V shall not survive beyond the Effective Time. This Section 9.01 shall not limit any covenant or agreement of the parties hereto that by its terms contemplates performance after the Effective Time.

SECTION 9.02 ENTIRE AGREEMENT; ASSIGNMENT. This Agreement, together with the Disclosure Letter and the Confidentiality Agreement, constitutes the entire agreement between the parties with respect to subject matter hereof and supersedes all other prior agreements and understandings, both written and oral, between the parties with respect to subject matter hereof. The Agreement shall not be assigned by any party by operation of law or otherwise without the prior written consent of the other parties, PROVIDED, that Parent or Purchaser may assign any of their respective rights and obligations to any direct or indirect wholly-owned Subsidiary of Parent, but no such assignment shall relieve Parent or Purchaser, as the case may be, of its obligations hereunder.

SECTION 9.03 VALIDITY. Whenever possible, each provision or portion of any provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law but if any provision or portion of any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any

jurisdiction such invalidity, illegality or unenforceability will not affect any other provision or portion of any provision in such jurisdiction, and this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision had never been contained herein.

SECTION 9.04 NOTICES. All notices, requests, claims, demands and other communications hereunder shall be given (and shall be deemed to have been duly received if given) by hand delivery in writing or by facsimile transmission with confirmation of receipt, as follows:

if to Parent or Purchaser:

Automatic Data Processing, Inc.
1 ADP Boulevard
Roseland, New Jersey 07068

Attention: General Counsel Facsimile: (973) 535-6199

with a copy to:

Paul, Weiss, Rifkind, Wharton & Garrison 1285 Avenue of the Americas New York, New York 10019 Attention: Douglas A. Cifu Facsimile: (212) 373-2393

if to the Company:

Cunningham Graphics International, Inc. Michael R. Cunningham, Inc. 100 Burma Road
Jersey City, New Jersey 07305 Attention: Michael R. Cunningham Facsimile: (201) 985-2035

With a copy to:

Cleary, Gottlieb, Steen & Hamilton One Liberty Plaza
New York, NY 10006
Attention: Daniel S. Sternberg Facsimile: 212-225-3999

And with a copy to:

Gibbons, Del Deo, Dolan, Griffinger & Vecchione One Riverfront Plaza
Newark, NJ 07102
Attention: Lawrence Goldman Facsimile: 973-639-6283

or to such other address as the person to whom notice is given may have previously furnished to the others in writing in the manner set forth above.

SECTION 9.05 GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the laws of the State of New Jersey except insofar as mandatory provisions of the Securities Act and the Exchange Act apply to the Offer.

SECTION 9.06 DESCRIPTIVE HEADINGS. The descriptive headings herein are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation of this Agreement.

SECTION 9.07 PARTIES IN INTEREST. This Agreement shall be binding upon and inure solely to the benefit of each party hereto, and nothing in this Agreement, express or implied, is intended to confer upon any other Person any rights or remedies of any nature whatsoever under or by reason of this Agreement except for Section 6.05 (which are intended to be for the benefit of the Persons referred to therein, and may be enforced by any such Persons).

SECTION 9.08 COUNTERPARTS. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same agreement.

SECTION 9.09 CERTAIN DEFINITIONS.

(a) The terms "AFFILIATE" and "ASSOCIATE" shall have the meanings given to such terms in Rule 12b-2 under the Exchange Act.

(b) The term "BENEFICIAL OWNERSHIP" shall have the meaning given to such term in Rule 13d-3 under the Exchange Act.

(c) The term "HEREBY" shall be deemed to refer to this Agreement in its entirety, rather than to any Article, Section, or other portion of this Agreement.

(d) The term "INCLUDING" shall be deemed to be followed by the phrase "without limitation."

(e) "MATERIAL ADVERSE EFFECT" shall mean any material and adverse effect on the financial condition, business, properties, assets, liabilities or results of operations or prospects of the Company and its Subsidiaries taken as a whole or the ability of the Company to consummate the transactions contemplated by this Agreement in any material respect, PROVIDED, HOWEVER, that no event or circumstance arising out of, or resulting from, the entering into or the announcement of this Agreement or the identity of Parent shall be deemed to constitute a Material Adverse Effect. For the avoidance of doubt, a Material Adverse Effect shall not include the institution or pendency of any action, suit or proceeding instituted by a non-Governmental Entity that
(i) seeks to, but does not actually, restrain, enjoin or otherwise prevent the consummation of, or (ii) seeks damages with respect to, any transaction contemplated by this Agreement.

(f) "PERSON" shall mean any individual, corporation, limited liability company, partnership, association, trust, estate or other entity or organization.

(g) The term "SUBSIDIARY" shall mean, when used with reference to an entity, any other entity of which securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other persons performing similar functions, or a majority of the outstanding voting securities of which, are owned directly or indirectly by such entity.

(h) "TAX" shall mean all taxes, charges, fees, levies, imposts, duties, and other assessments, including without limitation any income, alternative minimum or add-on tax, estimated, gross income, gross receipts, sales, use, transfer, transactions, intangibles, ad valorem, value-added, franchise, registration, title, license, capital, paid-up capital, profits, withholding, employee withholding, payroll, worker's compensation, unemployment insurance, social security, employment, excise (including the federal communications excise tax under Section 4251 of the Code), severance, stamp, transfer occupation, premium, recording, real property, personal property, federal highway use, commercial rent, environmental (including taxes under
Section 59A of the Code) or windfall profit tax, custom, duty or other tax, fee or other like assessment or charge of any kind whatsoever, together with any interest, penalties, related liabilities, fines or additions to tax that may become payable in respect thereof imposed by any country, any state, county, provincial or local government or subdivision or agency thereof.

(i) "TAX RETURNS" shall mean all returns and reports required to be filed by the Company and its Subsidiaries (or any of them) with respect to Taxes.

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IN WITNESS WHEREOF, each of the parties has caused this Agreement to be executed on its behalf by its officers thereunto duly authorized, all at or on the day and year first above written.

AUTOMATIC DATA PROCESSING, INC.

By:  /s/ James B. Benson
------------------------------------
Name: James B. Benson
Title: Corporate Vice President

FIS ACQUISITION CORP.

By:  /s/ James B. Benson
     ------------------------------------
     Name: James B. Benson
     Title: Corporate Vice President

CUNNINGHAM GRAPHICS INTERNATIONAL, INC.

By:  /s/ Michael R. Cunningham
     ------------------------------------
     Name: Michael R. Cunningham
     Title: President and Chief Executive
            Officer

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EXHIBIT A

CONDITIONS TO THE OFFER

Capitalized terms used in this Exhibit A and not otherwise defined herein shall have the meanings assigned to them in the Agreement to which it is attached (the "MERGER AGREEMENT").

Notwithstanding any other provision of the Offer, Parent and Purchaser shall not be required to accept for payment, purchase or pay for any Shares tendered in connection with the Offer and may terminate or, subject to the terms of the Merger Agreement, amend the Offer, if (i) there shall not have been validly tendered and not properly withdrawn as of the expiration of the initial offering period for the Offer (the "EXPIRATION DATE") that number of Shares which, together with any Shares then beneficially owned by Purchaser or Parent, represents at least a majority of the total number of outstanding Shares on a fully diluted basis on the date of purchase (the "MINIMUM TENDER CONDITION"), (ii) any applicable waiting period under the HSR Act shall not, as of such Expiration Date, have expired or been terminated, or (iii) at any time on or after the date of the Merger Agreement and prior to the time of payment for any Shares, any of the following conditions exist:

(a) there shall be instituted or pending any action or proceeding by any government or governmental authority or agency (i) challenging or seeking to make illegal, to delay materially or otherwise directly or indirectly to restrain or prohibit the making of the Offer, the acceptance for payment of or payment for the Shares by Parent or Purchaser or the consummation of the Merger, (ii) seeking to restrain or prohibit Parent's ownership or operation (or that of its respective Subsidiaries or Affiliates) of all or any material portion of the business or assets of the Company and its Subsidiaries, taken as a whole, or of Parent and its Subsidiaries, taken as a whole, or to compel Parent or any of its Subsidiaries or Affiliates to dispose of or hold separate all or any material portion of the business or assets of the Company and its Subsidiaries, taken as a whole, or of Parent and its Subsidiaries, taken as a whole, (iii) seeking to impose or confirm material limitations on the ability of Parent, Purchaser or any of Parent's other Subsidiaries or affiliates effectively to exercise full rights of ownership of the Shares, including without limitation, the right to vote any Shares acquired or owned by Parent, Purchaser or any of Parent's other Subsidiaries or affiliates on all matters properly presented to the Company's shareholders or (iv) seeking to require divestiture by Parent, Purchaser or any of Parent's other Subsidiaries or affiliates of any Shares; or

(b) there shall have been any action taken, or any statute, rule, regulation, injunction, order or decree, enacted, enforced, promulgated, issued or deemed applicable to the Offer or the Merger, by any court, government or governmental authority or agency, domestic or foreign, other than the application of the waiting period provisions of the HSR Act to the Offer or the Merger, that result in any of the consequences referred to in clauses (i) through (iv) of paragraph (a) above; or

(c) there shall have occurred (1) any general suspension of, or limitation on prices for, trading in securities on any national securities exchange or in the over-the-counter market in the United States (other than any suspension or limitation on trading in any particular security as a result of a computerized trading limit or any intraday suspension due to "circuit breakers"), (2) any declaration of any banking moratorium or any suspension of payments in respect of banks or any limitation (whether or not mandatory) on the extension of credit by lending institutions in the United States or (3) any commencement of armed hostilities or other national or international calamity involving the United States that has a material adverse effect on bank syndication for financial markets in the United States or, in the case of any of the foregoing occurrences existing on or at the time of the commencement of the Offer, a material acceleration or worsening thereof; or;

(d) any Person or "group" (as such term is used in Section 13(d)(3) of the Exchange Act)-other than Parent, Purchaser or another Person (who on the date hereof alone or as part of a "group" (as such term is used in Section 13(d)(3) of the Exchange Act) is the beneficial owner of more than 5% of the outstanding Shares) or any of their respective affiliates - shall have become the beneficial owner (as that term is used in Rule 13d-3 under the Exchange Act) or shall have commenced or publicly announced the intention to commence a tender or exchange offer to acquire beneficial ownership or shall have been granted any option, right or warrant, conditional or otherwise, to acquire beneficial ownership, of more than 15% of the outstanding Shares;

(e) the Company shall have breached or failed to comply in any material respect with any of its material obligations, covenants, or agreements under the Merger Agreement; or (x) any representation or warranty of the Company contained in the Merger Agreement that is qualified by reference to a Material Adverse Effect or (y) any representation or warranty contained in either Section 4.11 (Taxes) or
4.12 (Compliance With Law) that is qualified by reference to "materiality" shall not be true and correct; or any other such representation or warranty shall not be true and correct in any respect that (when taken together with all such other representations and warranties not true and correct) has had or would reasonably be likely to have a Material Adverse Effect, in each case either as of when made or at and as of any time thereafter (except in the case of any representation or warranty that by its terms is made as of a date specified therein which need be accurate only as of such date); or

(f) the Merger Agreement shall have been terminated pursuant to its terms or shall have been amended pursuant to its terms to provide for such termination or amendment of the Offer;

which, in the good faith judgment of Parent and regardless of the circumstances giving rise to such condition, makes it inadvisable to proceed with the Offer or with acceptance for payment or payment for Shares.

The foregoing conditions are for the sole benefit of Parent and Purchaser and may be asserted or, other than the Minimum Tender Condition, waived by Parent or Purchaser in whole or in part at any time or from time to time in their discretion subject to the terms of the Merger Agreement.

The failure of Parent or Purchaser at any time to exercise any of the foregoing rights shall not be deemed a waiver of any such right, the waiver of any such right with respect to particular facts and circumstances shall not be deemed a waiver with respect to any other facts and circumstances and each such right shall be deemed an ongoing right, which may be asserted at any time and from time to time.

EXHIBIT B

PLAN OF MERGER

OF

FIS ACQUISITION CORP.

1.       FIS Acquisition Corp., a corporation organized under the laws
         of the State of New Jersey ("Purchaser"); and

2.       Cunningham Graphics International, Inc., a corporation
         organized under the laws of the State of New Jersey (the
         "Company").

         The Company shall be the surviving corporation in the Merger

(the "Surviving Corporation") and shall continue its existence under the laws of the State of New Jersey under the name "Cunningham Graphics International, Inc.". In connection with the Merger, the separate corporate existence of Purchaser shall cease.

SECOND: The terms and conditions of the Merger, including the manner and basis of converting the shares of the Company and Purchaser are as follows:

1. EFFECTIVE TIME. The effective time of the Merger (the "Effective Time") shall be the time of filing of the Certificate of Merger with the Department of Treasury of the State of New Jersey.

2. CONVERSION OF SHARES. (a)At the Effective Time, by virtue of the Merger and without any action on the part of any shareholder of the Company each share to common stock, no par value of the Company ("Shares") issued and outstanding immediately prior to the Effective Time (other than shares owned by Parent, Purchaser or by any subsidiary or affiliate of Parent or Purchaser, all of which shall be cancelled without any consideration being exchanged therefore), shall be converted into the right to receive cash in an amount per Share (subject to any applicable withholding tax) equal to $22, without interest (the "Merger Consideration") upon the surrender of the certificate representing such Shares.

(b) Each share of common stock no par value of Purchaser issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on part of the holder thereof, be converted into and become one share of common stock, no par value of the Surviving Corporation.

3. GOVERNING DOCUMENTS; DIRECTORS AND OFFICERS. (a) The Certificate of Incorporation and By-Laws of Purchaser as in effect immediately prior to the Effective Time shall, from and after the Effective Time, be the Certificate of Incorporation and By-Laws of the Surviving Corporation, in each case until amended in accordance with applicable law; PROVIDED, HOWEVER, that Article I of the Certificate of Incorporation of the Surviving Corporation shall be amended to read in its entirety as follow:

"ARTICLE I". The name of the Corporation is Cunningham Graphics International, Inc. (the "Corporation").

(b) All persons who were directors of Purchaser immediately prior to the Effective Time shall be the directors of the Surviving Corporation and all persons who were officers of the Company immediately prior to the Effective Time shall be the officers of the Surviving Corporation, in each case to hold office in accordance with the Certificate of Incorporation and the By-Laws of the Surviving Corporation and until their respective death, resignation or removal or until their respective successors are duly elected and qualified in accordance with applicable law.

4. FURTHER ASSURANCES. At any time, or from time to time, after the Effective Time, the last acting officers of the Company or Purchaser or the officers of the Surviving Corporation may, in the name of the Company or Purchaser, execute and deliver all such proper deeds, assignments and other instruments and take or cause to be taken all such further or other action as the Surviving Corporation may deem necessary or desirable in order to vest, perfect or confirm the Surviving Corporation's title to and possession of all of the property, rights, privileges, powers, and franchises of the Company or Purchaser and otherwise to carry out the purposes of this Plan of Merger.

Exhibit 99(d)(2)

EXECUTION COPY

VOTING AND TENDER AGREEMENT

THIS VOTING AND TENDER AGREEMENT dated as of May 2, 2000 (this "AGREEMENT") is by and among each of the persons listed on Schedule 1 (each a "SHAREHOLDER" and collectively, the "SHAREHOLDERS"), AUTOMATIC DATA PROCESSING, INC., a Delaware corporation ("PARENT"), and FIS ACQUISITION CORP., a New Jersey corporation ("PURCHASER").

W I T N E S S E T H:

WHEREAS, simultaneously with the execution of this Agreement, Parent, Purchaser and Cunningham Graphics International, Inc., a New Jersey corporation (the "Company"), have entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which Purchaser has agreed, among other things, to commence a cash tender offer (as such tender offer may hereafter be amended from time to time, the "Offer") to purchase all of the shares of the Company's Common Stock, no par value (the "Company Common Stock"), followed by the merger of Purchaser with and into the Company (the "Merger");

WHEREAS, as of the date hereof, each Shareholder is the record and beneficial owner of, and has the sole right to vote and dispose of, the number of shares of Company Common Stock listed opposite such Shareholder's name on Schedule I; and

WHEREAS, as a condition to the willingness of Parent and Purchaser to enter into the Merger Agreement, each of Parent and Purchaser has required that the Shareholders agree, and in order to induce Parent and Purchaser to enter into the Merger Agreement, each Shareholder has agreed, to enter into this Agreement.

NOW, THEREFORE, in consideration of the foregoing and the mutual promises, representations, warranties, covenants and agreements contained herein and in the Merger Agreement, the parties hereto, intending to be legally bound hereby, agree as follows:

1. CERTAIN DEFINITIONS. Capitalized terms used and not defined herein have the respective meanings ascribed to them in the Merger Agreement. In addition, for purposes of this Agreement:

"AFFILIATE" means, with respect to any specified Person, any Person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the Person specified.

"BENEFICIALLY OWN" or "BENEFICIAL OWNERSHIP" with respect to any securities means having "beneficial ownership" of such securities (as determined pursuant to Rule 13d-3 under the Exchange Act), including pursuant to any agreement, arrangement or understanding, whether or not in writing. Without duplicative counting of the same securities by the same holder, securities Beneficially Owned by a Person shall include securities Beneficially Owned by all Affiliates of such Person and all other Persons with whom such Person would constitute a "group" within the meaning of Section 13(d) of the Exchange Act and the rules promulgated thereunder.

"EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended.

"OWNED SHARES" means, with respect to any Shareholder, the shares of Company Common Stock, whether Beneficially Owned or held of record, by such Shareholder on the date hereof or which may hereafter be acquired by such Shareholder, together with any other shares of Company Common Stock, except, in the event of any replacement or subsequent tender offer, Owned Shares shall mean the shares of Company Common Stock then Beneficially Owned or held of record by such Shareholder.

"OPTIONS" means, with respect to any Shareholder, the options to acquire shares of Company Common Stock now owned or which may hereafter be acquired by such Shareholder.

"PERSON" means an individual, corporation, partnership, joint venture, association, trust, unincorporated organization or other entity.

"REPRESENTATIVE" means, with respect to any Person, such Person's officers, directors, employees, agents and representatives (including any investment banker, financial advisor, agent, representative or expert retained by or acting on behalf of such Person or its subsidiaries).

"TRANSFER" means, with respect to a security, the sale, transfer, pledge, hypothecation, encumbrance, assignment or disposition of such security or the Beneficial Ownership thereof, the offer to make such a sale, transfer or other disposition, and each option, agreement, arrangement or understanding, whether or not in writing, to effect any of the foregoing. As a verb, "Transfer" shall have a correlative meaning.

2. REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDERS. Each of the Shareholders hereby severally represents and warrants to Parent and Purchaser, in each case as to himself only, as follows:

(a) TITLE. Such Shareholder is the Beneficial Owner or holder of record of the Owned Shares and Options listed opposite such Shareholder's name on Schedule 1. Such Owned Shares and Options are all the securities of the Company either Beneficially Owned or owned of record by such Shareholder as of the date hereof and such Shareholder owns no other rights or interests exercisable for or convertible into any securities of the Company. Such Owned Shares and Options are owned free and clear of all security interests, liens, claims, pledges, options, rights of first refusal, agreement, limitations on the Shareholder's voting rights, charges and other encumbrances of any nature whatsoever except, with respect to the Options, the option plans and agreements pursuant to which such Options were issued. Such Shareholder has not appointed or granted any proxy, which appointment or grant is still effective, with respect to the Owned Shares.

(b) AUTHORITY. Such Shareholder has all necessary power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance by such SHAREHOLDER of this Agreement and the consummation by such Shareholder of the transactions contemplated hereunder have been duly and validly authorized and no other proceedings on the

part of such Shareholder is necessary to authorize the execution, delivery or performance of this Agreement or the consummation of the transactions contemplated hereby.

(c) EXECUTION. This Agreement has been duly and validly executed and delivered by such Shareholder and constitutes a legal, valid and binding agreement of such Shareholder, enforceable against such Shareholder in accordance with its terms except (i) to the extent limited by applicable bankruptcy, insolvency or similar laws affecting creditors rights and (ii) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceeding therefor may be brought.

(d) NO CONFLICT. None of the execution and delivery of this Agreement by such Shareholder, the consummation by such Shareholder of the transactions contemplated hereby or compliance by such Shareholder with any of the provisions hereof shall (i) result in a violation or breach of, or constitute (with or without notice or lapse of time or both) a default (or give rise to any third party right of termination, cancellation, material modification or acceleration) under any of the terms, conditions or provisions of any note, loan agreement, bond, mortgage, indenture, license, contract, commitment, lease, permit, franchise, arrangement, understanding, agreement or other instrument or obligation of any kind to which such Shareholder is a party or by which such Shareholder or any of his properties or assets (including the Owned Shares and Options) may be bound, or (ii) violate any order, writ, injunction, decree, judgment, law, statute, rule or regulation applicable to such Shareholder or any of his properties or assets, excluding from the foregoing such violations, breaches or defaults which would not, individually or in the aggregate, have a material adverse effect on such Shareholder or which would not materially impair the ability of such Shareholder to consummate the transactions contemplated hereby.

(e) NO CONSENTS OR APPROVALS. The execution and delivery of this Agreement by such Shareholder does not, and the performance of this Agreement by such Shareholder shall not, require any consent, approval, authorization or permit of, or filing with or notification to, any court or arbitrator or any governmental body, agency or official except for applicable requirements, if any, of the Exchange Act, and except where the failure to obtain such consents, approvals, authorizations or permits, or to make such filings or notifications, would not prevent or delay the performance by such Shareholder of his obligations under this Agreement.

3. TENDER OF SHARES. Each Shareholder agrees that he shall tender (or cause the Record Holder (as defined below) to tender), pursuant to and in accordance with the terms of the Offer (or any replacement or subsequent tender offer by Parent or any of its Subsidiaries for all of the shares of Company Common Stock at a price per share in cash equal to at least $22 made prior to the termination of this Agreement), all Owned Shares.

4. VOTING OF OWNED SHARES. During the period commencing on the date hereof and continuing until the earlier of (x) the consummation of the Offer and (y) the termination of this Agreement in accordance with Section 10 each of the Shareholders hereby agrees as follows:

(a) to appear, or cause the holder of record on any applicable record date with respect to any Owned Shares of such Shareholder (the "RECORD HOLDER") to appear, for the purpose of obtaining a quorum at any annual or special meeting of shareholders of the Company and at any adjournment thereof at which matters relating to the Merger, Merger Agreement or any transaction contemplated thereby are considered; and

(b) at any meeting of the shareholders of the Company, however called, and in any action by consent of the shareholders of the Company, to vote, or cause to be voted by the Record Holder, the Owned Shares of such Shareholder: in favor of the Merger, the Merger Agreement (as amended from time to time) and the transactions contemplated by the Merger Agreement and against any proposal for any extraordinary corporate transaction, such as a recapitalization, dissolution, liquidation, or sale of assets of the Company or any merger, consolidation or other business combination (other than the Merger) between the Company and any Person (other than Parent or a Subsidiary of Parent) or any other action or agreement that is intended or which reasonably could be expected to (x) result in a breach of any covenant, representation or warranty or any other obligation or agreement of the Company under the Merger Agreement, (y) result in any of the conditions to the Company's obligations under the Merger Agreement not being fulfilled or (z) impede, interfere with, delay, postpone or materially adversely affect the Merger and the transactions contemplated by the Merger Agreement.

5. ACKNOWLEDGMENT. Each Shareholder acknowledges receipt and review of a copy of the Merger Agreement.

6. NO INCONSISTENT AGREEMENT. Each Shareholder hereby covenants and agrees that, except as contemplated by this Agreement, such Shareholder shall not enter into any agreement, arrangement or understanding with, or grant a proxy or power of attorney to, any Person with respect to the Owned Shares which would prevent such Shareholder from complying with obligations under this Agreement.

7. RESTRICTIONS ON TRANSFER, OTHER PROXIES; NO SOLICITATION.
(a) Each Shareholder hereby covenants and agrees that, until this Agreement is terminated in accordance with Section 10, such Shareholder shall not, directly or indirectly: (i) except as provided in Sections 3 and 10 hereof, Transfer to any Person any or all Owned Shares and shall not cause any security interests, liens, claims, pledges, charges, encumbrances, options, rights of first refusals, agreements, or limitations on such Shareholder's voting rights, to attach to the Owned Shares to be tendered to Purchaser pursuant to Section 3 hereof or to the Options or any Owned Shares issuable thereunder; or (ii) grant any proxies or powers of attorney, deposit any Owned Shares into a voting trust or enter into a voting agreement, understanding or arrangement with respect to such Owned Shares.

(b) From the date hereof until the consummation of the Offer or the termination of this Agreement in accordance with its terms, each Shareholder (i) shall immediately terminate any discussions with, any third party concerning an Acquisition Proposal and (ii) shall not, and shall not permit any of his Representatives to, directly or indirectly, (A) encourage, solicit or initiate any Acquisition Proposal, (B) participate in negotiations with, or

provide any information to, or otherwise take any other action to assist or facilitate any Person or group (other than Parent or Purchaser or any affiliate or associate of Parent or Purchaser) concerning any Acquisition Proposal, (C) enter into an agreement with any person, other than Parent, providing for a possible Acquisition Proposal, or (D) make or authorize any statement, recommendation or solicitation in support of any possible Acquisition Proposal by any Person, other than by Parent. Notwithstanding the above, such Shareholder may take any actions in the Shareholder's capacity as a director, officer or employee of the Company permitted under the Merger Agreement.

8. STOP TRANSFER. No Shareholder shall request that the Company register the transfer (book-entry or otherwise) of any certificate or uncertificated interest representing any of the Owned Shares, unless such transfer is made in compliance with this Agreement.

9. FURTHER ASSURANCES. From time to time, at the other party's request and without further consideration, each party hereto shall execute and deliver such additional documents and take all such further lawful action as may be necessary or desirable to consummate and make effective, in the most expeditious manner practicable, the transactions contemplated by this Agreement.

10. TERMINATION. This Agreement, and all rights and obligations of the parties hereunder, shall terminate upon the earlier of (a) the date upon which Parent shall have purchased and paid for all of the Owned Shares of such Shareholder in accordance with the Offer (or any subsequent or replacement tender offer by Parent or any of its Subsidiaries) and (b) the date upon which the Merger Agreement is terminated in accordance with its terms; PROVIDED, HOWEVER, that if the Merger Agreement is terminated pursuant to any of Sections 8.01(d), (e) or (f) of the Merger Agreement and at the time of such termination the Termination Fee either is or may become payable pursuant to
Section 8.03(b) of the Merger Agreement, this Agreement shall only terminate on the date which is nine months after the date of termination of the Merger Agreement; and PROVIDED, FURTHER, that during any such nine month period, neither the limitation on Transfers contained in Section 7(a) nor any other provision of this Agreement shall prohibit or limit any Transfer of any Owned Shares by any Shareholder (i) in open market transactions pursuant to Rule 144 under the Securities Act or (ii) pursuant to an underwritten public offering effectuated in a manner so as to result in a wide-spread distribution of the subject shares.

11. MISCELLANEOUS.

(a) ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all other prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof.

(b) COSTS AND EXPENSES. All costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring such expenses.

(c) ASSIGNMENT. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties and their respective successors, personal

or legal representatives, executors, administrators, heirs, distributees, devisees, legatees and permitted assigns, but neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by either party (whether by operation of law or otherwise) without the prior written consent of the other party; PROVIDED, that Parent and Purchaser may assign their respective rights and obligations hereunder to any direct or indirect wholly-owned subsidiary of Parent which is an assignee of such parties' rights and obligations under the Merger Agreement, but no such assignment shall relieve Parent or Purchaser, as the case may be, of its obligations hereunder. Nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement.

(d) AMENDMENTS. This Agreement may not be amended, changed, supplemented, or otherwise modified or terminated, except upon the execution and delivery of a written agreement executed by each of the parties hereto. The parties may waive compliance by the other parties hereto with any representation, agreement or condition otherwise required to be complied with by such other party hereunder, but any such waiver shall be effective only if in writing executed by the waiving party.

(e) NOTICE. All notices and other communications hereunder shall be in writing and shall be deemed given upon (i) transmitter's confirmation of a receipt of a facsimile transmission, (ii) confirmed delivery by a standard overnight carrier or when delivered by hand or (iii) the expiration of five business days after the day when mailed by certified or registered mail, postage prepaid, addressed at the following addresses (or at such other address for a party as shall be specified by like notice):

If to Parent or Purchaser:   Automatic Data Processing, Inc.
                             1 ADP Boulevard
                             Roseland, New Jersey 07068
                             Attention: General Counsel
                             Facsimile: (973) 535-6199

Copy to:                     Paul, Weiss, Rifkind, Wharton & Garrison
                             1285 Avenue of the Americas
                             New York, NY 10019-6064
                             Attention: Douglas A. Cifu, Esq.
                             Telecopier Number: (212) 757-3990

If to the Shareholders:      C/o Cunningham Graphics International,
                             Inc.
                             Michael R. Cunningham, Inc.
                             100 Burma Road
                             Jersey City, New Jersey 07305
                             Attention: Michael R. Cunningham
                             Facsimile: (201) 985-2035

Copy to:                     Cleary, Gottlieb, Steen & Hamilton
                             One Liberty Plaza
                             New York, NY 10006
                             Attention:  Daniel S. Sternberg
                             Facsimile: 212-225-3999

Copy to:                     Gibbons, Del Deo, Dolan, Griffinger &
                             Vecchione
                             One Riverfront Plaza
                             Newark, NJ  07102
                             Attention: Lawrence Goldman
                             Facsimile: 973-639-6283

or to such other address or facsimile number as the Person to whom notice is given shall have previously furnished to the others in writing in the manner set forth above.

(f) SEVERABILITY. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without affecting the validity or enforceability of the remaining provisions hereof. Any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. If any provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as is enforceable.

(g) SPECIFIC PERFORMANCE. Each of the parties hereto acknowledges and agrees that in the event of any breach of this Agreement, each non-breaching party would be irreparably and immediately harmed and could not be made whole by monetary damages. It is accordingly agreed that the parties hereto
(a) will waive, in any action for specific performance, the defense of adequacy of a remedy at law and (b) shall be entitled, in addition to any other remedy to which they may be entitled at law or in equity, to compel specific performance of this Agreement.

(h) REMEDIES. All rights, powers and remedies provided under this Agreement or otherwise available in respect hereof at law or in equity shall be cumulative and not alternative, and the exercise of any thereof by any party shall not preclude the simultaneous or later exercise of any other such right, power or remedy by such party. The failure of any party hereto to exercise any right, power or remedy provided under this Agreement or otherwise available in respect hereof at law or in equity, or to insist upon compliance by any other party hereto with its obligations hereunder, and any custom or practice of the parties at variance with the terms hereof, shall not constitute a waiver by such party of its right to exercise any such or other right, power or remedy or to demand such compliance.

(i) DIRECTORS' FIDUCIARY DUTIES. Notwithstanding anything herein to the contrary, nothing set forth herein shall in any way restrict any director, officer or employee in the exercise of his fiduciary or other duties as a director, officer or employee of the Company.

(j) GOVERNING LAW. This Agreement shall be governed and construed in accordance with the laws of the State of New Jersey without giving effect to the principles of conflicts of law thereof.

(k) JURISDICTION. Each party to this Agreement hereby irrevocably agrees that any legal action proceeding arising out of or relating to this Agreement or any agreements or transactions contemplated hereby shall be brought in the courts of the State of New Jersey and hereby expressly submits to the personal jurisdiction and venue of such courts for the purposes thereof and expressly waives any claim of improper venue and any claim that such courts are an inconvenient forum.

(l) HEADINGS; INTERPRETATION. The descriptive headings used herein are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation of this Agreement. "Include," "includes," and "including" shall be deemed to be followed by "without limitation" whether or not they are in fact followed by such words or words of like import.

(m) COUNTERPARTS. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same instrument.

IN WITNESS WHEREOF, Parent, Purchaser and each Shareholder have caused this Agreement to be duly executed as of the day and year first above written.

AUTOMATIC DATA PROCESSING, INC.

By: /s/ James B. Benson
    -------------------------------
Name:  James B. Benson
Title: Corporate Vice President

FIS ACQUISITION CORP.

By: /s/ James B. Benson
    -------------------------------
    Name:  James B. Benson
    Title: Corporate Vice President

    /s/ Michael R. Cunningham
    -------------------------------
    Michael R. Cunningham

    /s/ James J. Cunningham
    -------------------------------
    James J. Cunningham

    /s/ Gordon Mays
    -------------------------------
    Gordon Mays

    /s/ Timothy Mays
    -------------------------------
    Timothy Mays

                                                                                          Number of Owned Shares
                                                                                          over which Shareholder
                                          Number of                                      has Investment or Voting
                                         Owned Shares                    Number of         Power (not included
Name of Shareholder               (Beneficially or of record)(1)       Options owned        in prior columns)
-------------------               ------------------------------       -------------     ------------------------
Michael R. Cunningham                       2,032,928                         -

James J. Cunningham                          130,898

Gordon Mays                                  228,198                      15,000

Timothy Mays                                 165,803                       5,000
                                             -------                       -----
                                            2,557,827                     20,000

Exhibit 99(d)(3)

January 5, 2000

ADP Financial Information Services, Inc. 2 Journal Square Plaza, #1
Jersey City, NJ 07306-4098

Re: CONFIDENTIALITY AGREEMENT

Ladies and Gentlemen:

You, ADP Financial Information Services, Inc. (hereinafter, the "RECIPIENT") have requested certain information concerning Cunningham Graphics International, Inc. (together with its subsidiaries, the "COMPANY") in connection with your consideration of a potential negotiated transaction involving the Company (any such transaction, a "TRANSACTION"). In consideration thereof, and as a condition to being furnished such information by the Company, the Recipient agrees, as set forth in this letter agreement (this "AGREEMENT"), to treat confidentially any non-public, confidential or proprietary information that the Company, its agents or its representatives (including its attorneys and financial advisors) furnish to the Recipient or the Recipient's directors, officers, employees, agents, advisors, prospective lenders or affiliates or representatives of the Recipient's agents, advisors, prospective lenders or affiliates (each of the foregoing, other than the Recipient, a "RECIPIENT'S REPRESENTATIVE"), whether furnished before or after the date of this Agreement, regardless of the form in which such information is communicated or maintained, and all notes, reports, analyses, compilations, studies, files or other documents or material, whether prepared by the Recipient or others, which are based on, contain or otherwise reflect such information (collectively, the "EVALUATION MATERIAL").

The term "Evaluation Material" does not include information that (i) is or becomes available to the public, other than as a result of a disclosure by the Recipient or a Recipient's Representative in breach of this Agreement, (ii) was available to the Recipient or a Recipient's Representative, or has become available to the Recipient or a Recipient's Representative, on a non-confidential basis from a source other than the Company, its agents or representatives; PROVIDED that the source of such information was not bound by a confidentiality agreement with the Company, its agents or representatives with respect to such material, or otherwise prohibited from transmitting the information to the Recipient or such Recipient's Representative by a contractual, legal or fiduciary obligation or (iii) the Recipient or a Recipient's Representative independently developed without reference to Evaluation Material.

It is understood that the Recipient may disclose Evaluation Material to those of the Recipient's Representatives that require such material for the purpose of evaluating a Transaction; PROVIDED that each such Recipient's Representative shall be informed in writing by the Recipient of the confidential nature of the Evaluation Material. The Recipient agrees that the Evaluation Material will be kept confidential by the Recipient and the Recipient's Representatives and, except with the specific prior written consent of the Company or as expressly otherwise permitted by the terms hereof, will not be disclosed by the Recipient or any Recipient's Representative to any person. The Recipient further agrees that it may be held responsible by the Company for any action or failure to act that would constitute a breach of the terms of this Agreement by any Recipient's Representative. The Recipient further agrees that the Recipient and the Recipient's Representatives will not use Evaluation Material for any reason or purpose other than to e