STOCK OPTION CANCELLATION AGREEMENT

Termination Agreement

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CADMUS COMMUNICATIONS CORP/NEW | Stephen E. Hare

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Title: STOCK OPTION CANCELLATION AGREEMENT
Date: 5/15/2006
Industry: Printing Services

Exhibit 10.52

STOCK OPTION CANCELLATION AGREEMENT

This Stock Option Agreement is made and entered into between Cadmus Communications Corporation, a Virginia corporation (“Corporation”), and Stephen E. Hare (“Hare”).

The Corporation has offered to pay Hare the aggregate sum of $177,450 in return for the cancellation of all of the below listed outstanding stock options for shares of the common stock of the Corporation held by Hare (the “Options”, with one Option representing the right to purchase one share of common stock of the Corporation):


Option Agreement Date	Exercise Price		Number of Options Outstanding
5/9/2002	$	12.56	15,700
5/13/2003	$	9.48	7,500

Hare hereby accepts the Corporation’s offer subject to the terms as provided in this Agreement.

The aggregate consideration due will be paid in cash (payable by check delivered to or mailed to Hare unless other payment arrangements have been agreed to by the Corpor

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