QuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 4.6  


Execution Copy  


 
 

SECOND SUPPLEMENTAL INDENTURE    
    


        Second Supplemental Indenture (this "Supplemental Indenture"), dated as of May 11, 2004, among The Sheridan
Group, Inc., a Maryland corporation (the successor by merger to Sheridan Acquisition Corp., a Delaware corporation) (the "Issuer"), Lisbon
Acquisition Corp., a Delaware corporation (the "Guaranteeing Subsidiary"), a subsidiary of the Issuer, and The Bank of New York, as trustee under the
Indenture referred to below (the "Trustee"). 


W I T N E S S E T H  


        WHEREAS, the Issuer has heretofore executed and delivered to the Trustee an indenture dated as of August 21, 2003, as supplemented by a Supplemental
Indenture, dated as of August 21, 2003 (the "Indenture"), providing for the issuance of 101/4% Senior Secured Notes due 2011 (the
"Notes"); 


        WHEREAS,
Section 11.4 of the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture and
a Guarantee pursuant to which any newly-acquired or created Guarantor shall unconditionally guarantee all of the Issuer's obligations under the Notes and the Indenture on the terms and conditions set
forth herein and in such Guarantee; and 


        WHEREAS,
pursuant to Section 9.3 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 



        NOW
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee
mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 



        1.    Capitalized Terms.    Capitalized terms used herein without definition shall have the meanings assigned to them
in the Indenture. 


        2.    Joinder to Indenture.    The Guaranteeing Subsidiary hereby agrees to become bound by the terms, conditions and
other provisions of the Indenture with all attendant rights, duties and obligations stated therein, with the same force and effect as if originally named as a Guarantor therein and as if such party
executed the Indenture on the date thereof. 


        3.    Agreement to Guarantee.    The Guaranteeing Subsidiary irrevocably and unconditionally guarantees the Guarantee
Obligations, which include (i) the due and punctual payment of the principal of, premium, if any, and Interest and Liquidated Damages, if any, on the Notes, whether at maturity, by
acceleration, call for redemption, upon a Change of Control Offer, an Asset Sale Offer, or otherwise, the due and punctual payment of interest on the overdue principal and premium, if any, and (to the
extent permitted by law) interest on any Interest on the Notes, and the due and punctual performance of all other obligations of the Issuer, to the Holders or the Trustee all in accordance with the
terms set forth in Article XI of the Indenture, and (ii) in case of any extension of time of payment or renewal of any Notes or any such other obligations, that the same will be promptly
paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration, call for redemption, upon a Change of Control Offer, an Asset
Sale Offer, or otherwise. 


        The
obligations of Guaranteeing Subsidiary to the Holders and to the Trustee pursuant to this Supplemental Indenture and the Indenture are expressly set forth in Article XI of the
Indenture and reference is hereby made to such Indenture for the precise terms of the Guarantee. 








 




        No
direct or indirect stockholder, incorporator, controlling Person, employee, officer or director, as such, past, present or future of the Issuer, the Guarantors or any successor entity
shall have any personal liability in respect of the Issuer's obligations or the obligations of the Guarantors under the Indenture, the Notes, the Guarantees, the Registration Rights Agreement, the
Collateral Agreements or the Intercreditor Agreement solely by reason of his, her or its status as such stockholder,
incorporator, controlling Person, employee, officer or director, except that provision shall in no way limit the obligation of any Guarantor pursuant to any Guarantee of the Notes. 


        This
is a continuing Guarantee and shall remain in full force and effect and shall be binding upon each Guarantor and its successors and assigns until full and final payment of all of
the Issuer's obligations under the Notes and Indenture or until released or legally defeased in accordance with the Indenture and shall inure to the benefit of the successors and assigns of the
Trustee and the Holders, and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges herein conferred upon that party shall automatically extend
to and be vested in such transferee or assignee, all subject to the terms and conditions hereof. This is a Guarantee of payment and performance and not of collectibility. 


        The
obligations of the Guaranteeing Subsidiary under its Subsidiary Guarantee shall be limited to the extent necessary to insure that it does not constitute a fraudulent conveyance under
applicable law. 


        THE
TERMS OF ARTICLE XI OF THE INDENTURE ARE INCORPORATED HEREIN BY REFERENCE. 



        4.    NEW YORK LAW TO GOVERN.    THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN THE STATE OF NEW YORK, INCLUDING, WITHOUT LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE
NEW YORK GENERAL OBLIGATIONS LAW AND NEW YORK CIVIL PRACTICE LAWS AND RULES 327(B); PROVIDED, THAT WITH RESPECT TO THE CREATION, ATTACHMENT, PERFECTION, PRIORITY, ENFORCEMENT OF AND REMEDIES RELATING
TO THE SECURITY INTEREST IN ANY REAL PROPERTY COLLATERAL, THE GOVERNING LAW MAY BE THE LAWS OF THE JURISDICTIONS WHERE SUCH COLLATERAL IS LOCATED WITHOUT REGARD TO THE CONFLICT OF LAW PROVISIONS
THEREOF. 


        5.    Counterparts.    The parties may sign any number of copies of this Supplemental Indenture. Each signed copy
shall be an original, but all of them together represent the same agreement. 


        6.    Effect of Headings.    The Section headings herein are for convenience only and shall not affect the
construction hereof. 



[Signature Page Follows] 


2










        IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed and attested, all as of the date first above written. 



	 	 	THE ISSUER:
	 	 	THE SHERIDAN GROUP, INC.
	

 	
 	

By:	
 	

/s/  ROBERT M. JAKOBE      
 Name: Robert M. Jakobe

Title: Vice President and Chief Financial Officer
	

 	
 	
GUARANTEEING SUBSIDIARY:
	 	 	LISBON ACQUISITION CORP.
	

 	
 	

By:	
 	

/s/  ROBERT M. JAKOBE      
 Name: Robert M. Jakobe

Title: Vice President
	

 	
 	
THE TRUSTEE:
	 	 	THE BANK OF NEW YORK
	

 	
 	

By:	
 	

/s/  GEOVANNI BARRIS      
 Name: Geovanni Barris

Title: Vice President













QuickLinks


SECOND SUPPLEMENTAL INDENTURE