Exhibit 10.8

 

AMENDMENT NO. 1 TO REGISTRATION RIGHTS AGREEMENT

This AMENDMENT NO. 1, effective as of August 18, 2009 (this “Amendment”), amends
and modifies that certain Registration Rights Agreement, dated as of August 20,
2008 (the “Registration Rights Agreement”), by and between X-Rite, Incorporated
(the “Company”), OEPX, LLC (the “OEP”), Sagard Capital Partners, L.P. (“Sagard”)
and Tinicum Capital Partners II, L.P., Tinicum Capital Partners II Parallel
Fund, L.P. and Tinicum Capital Partners II Executive Fund L.L.C. (collectively,
“Tinicum” and, together with OEP and Sagard, the “Investors”). All capitalized
terms used in this Amendment and not otherwise defined herein, shall have the
meaning given them in the Registration Rights Agreement.

WHEREAS, pursuant to that certain Exchange Agreement, dated as of August 18,
2009 (the “Exchange Agreement”), between the Company and the Investors, the
Company will issue, subject to the terms and conditions set forth therein,
shares of preferred stock, par value $0.10 per share of the Company (“Preferred
Stock”) and warrants (“Warrants”) to acquire 7,500,000 shares of common stock,
par value $0.10 per share, of the Company (“Common Stock”), in exchange for the
consideration set forth in the Exchange Agreement;

WHEREAS, pursuant to a Certificate of Designation of Rights and Privileges of
the Series A Preferred Stock of the Company, filed with the Michigan Department
of Energy, Labor and Economic Growth on August 18, 2009, the Company may, in
certain circumstances, deliver a portion of the liquidation preference relating
to the Preferred Stock in shares of Common Stock;

WHEREAS, on August 18, 2009, the Board of Directors of the Company adopted a
resolution approving the execution of this Amendment and, pursuant to
Section 11(k) of the Registration Rights Agreement, hereby amends the
Registration Rights Agreement as set forth herein; and

WHEREAS, all acts and things necessary to make this Amendment a valid agreement,
enforceable according to its terms have been done and performed, and the
execution and delivery of this Amendment by the Company and Investors have been
in all respects duly authorized by the Company and the Investors.

NOW, THEREFORE, in consideration of the rights and obligations contained herein,
and for other good and valuable consideration, the adequacy of which is hereby
acknowledged, the parties agree as follows:

Section 1. Certain Definitions. Section 1 of the Registration Rights Agreement
is hereby amended by inserting the following definitions therein in alphabetical
order:

“Exchange Agreement” means that certain Exchange Agreement, dated as of
August 18, 2009, between the Company and the Investors, as it may be amended
from time to time.

“Investor Shares” has the meaning set forth in the Exchange Agreement.

“New Securities” has, with respect to each of the Investors, the meaning set
forth in the Investment Agreement to which it is a party.

Section 2. Registrable Shares. The definition of “Registrable Shares” in
Section 1 of the Registration Rights Agreement is hereby amended by deleting
clause (i) in its entirety and replacing it with the following:

“(i)(x) the Purchased Securities (and, in the case of Investor S and Investor T,
any other Common Shares held of record by such Investor as of the date hereof),
(y) any New Securities acquired by any of the Investors pursuant to, and in
accordance with, Section 4.5 of the Investment Agreement to which such Investor
is a party, and (z) the Investor Shares, if any, in each case, held of record by
such Investor at such time and”

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Section 3. Effect of Amendment. Except as amended by this Amendment, the
Registration Rights Agreement shall continue in full force and effect.

Section 4. Miscellaneous. Sections 11(a) through 11(j) of the Registration
Rights Agreement are incorporated herein by reference, mutatis mutandis.

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IN WITNESS WHEREOF, the Company and the Investors have caused this Amendment to
be executed by as of the date first written above by their respective officers
thereunto duly authorized.

 

X-RITE, INCORPORATED By:  

/s/ Thomas J. Vacchiano Jr.

Name:   Thomas J. Vacchiano Jr. Title:   Chief Executive Officer

 

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OEPX, LLC By:  

/s/ Colin M. Farmer

Name:   Colin M. Farmer Title:   Authorized Signatory

 

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SAGARD CAPITAL PARTNERS, L.P. By:   Sagard Capital Partners GP, Inc., its
general partner By:  

/s/ Daniel Friedberg

Name:   Daniel Friedberg Title:   Chief Executive Officer

 

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TINICUM CAPITAL PARTNERS II, L.P. By:   Tinicum Lantern II L.L.C., its general
partner By:  

/s/ Robert J. Kelly

Name:   Robert J. Kelly Title:   Member TINICUM CAPITAL PARTNERS II PARALLEL
FUND, L.P. By:   Tinicum Lantern II L.L.C., its general partner By:  

/s/ Robert J. Kelly

Name:   Robert J. Kelly Title:   Member TINICUM CAPITAL PARTNERS II EXECUTIVE
FUND L.L.C. By:   Tinicum Lantern II L.L.C., its managing member By:  

/s/ Robert J. Kelly

Name:   Robert J. Kelly Title:   Member