Document:

Exhibit 10.1

Exhibit 10.1

FIFTH AMENDMENT TO CREDIT AGREEMENT

THIS FIFTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made and entered into
as of July 30, 2009 (the “Effective Date”) by and among CONSOLIDATED GRAPHICS, INC., a
Texas corporation (the “Borrower”); each of the Lenders which is or may from time to time
become a party to the Credit Agreement (as defined below) (individually, a “Lender” and,
collectively, the “Lenders”), and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, acting as
administrative agent for the Lenders (in such capacity, together with its successors in such
capacity, the “Administrative Agent”).

RECITALS

A. The Borrower, the Lenders and the Administrative Agent executed and delivered that certain
Credit Agreement dated as of October 6, 2006, as amended by instruments dated as of January 2,
2007, November 9, 2007, March 13, 2008 and August 4, 2008. Said Credit Agreement, as amended,
supplemented and restated, is herein called the “Credit Agreement”. Any capitalized term
used in this Amendment and not otherwise defined shall have the meaning ascribed to it in the
Credit Agreement.

B. The Borrower, the Lenders and the Administrative Agent desire to amend the Credit Agreement
in certain respects.

NOW, THEREFORE, in consideration of the premises and the mutual agreements, representations
and warranties herein set forth, and further good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Borrower, the Lenders and the Administrative
Agent do hereby agree as follows:

SECTION 1. Amendments to Credit Agreement.

(a) The definition of “Applicable Percentage” set forth in Section 1.1 of the
Credit Agreement is hereby amended to read in its entirety as follows:

“Applicable Percentage” shall mean, for any day, the rate per annum set
forth below opposite the applicable Level then in effect, it being understood that
the Applicable Percentage for (i) Revolving Loans which are Alternate Base Rate
Loans shall be the percentage set forth under the column “Alternate Base Rate Margin
for Revolving Loans”, (ii) Revolving Loans which are LIBOR Rate Loans shall be the
percentage set forth under the column “LIBOR Rate Margin for Revolving Loans and
Letter of Credit Fee”, (iii) the Commitment Fee shall be the percentage set forth
under the column “Commitment Fee” and (iv) the Letter of Credit Fee shall be the
percentage set forth under the column “LIBOR Rate Margin for Revolving Loans and
Letter of Credit Fee”:

 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	LIBOR Rate Margin	 	 
	 	 	 	 	Alternate Base Rate	 	for Revolving Loans	 	 
	 	 	Leverage	 	Margin for	 	and Letter of	 	Commitment
	Level	 	Ratio	 	Revolving Loans	 	Credit Fee	 	Fee
	I
	 	< 1.00 to 1.0
	 	0.125%
	 	1.625%
	 	0.25%
	II
	 	< 1.50 to 1.0 but
3 1.00 to 1.0
	 	0.25%
	 	1.75%
	 	0.25%
	III
	 	< 2.00 to 1.0 but
3 1.50 to 1.0
	 	0.50%
	 	2.00%
	 	0.25%
	IV
	 	< 2.50 to 1.0 but
3 2.00 to 1.0
	 	0.75%
	 	2.25%
	 	0.375%
	V
	 	< 3.00 to 1.0 but
3 2.50 to 1.0
	 	1.00%
	 	2.50%
	 	0.375%
	VI
	 	< 3.50 to 1.0 but
3 3.00 to 1.0
	 	1.25%
	 	2.75%
	 	0.50%
	VII
	 	3 3.50 to 1.0
	 	1.50%
	 	3.00%
	 	0.50%

The Applicable Percentage shall, in each case, be determined and adjusted quarterly
on the date five (5) Business Days after the date on which the Administrative Agent
has received from the Borrower the quarterly financial information and
certifications required to be delivered to the Administrative Agent and the Lenders
in accordance with the provisions of Sections 5.1(b) and 5.2(b)
(each an “Interest Determination Date”). Such Applicable Percentage shall
be effective from such Interest Determination Date until the next such Interest
Determination Date. After the Closing Date, if the Borrower shall fail to provide
the quarterly financial information and certifications in accordance with the
provisions of Sections 5.1(b) and 5.2(b), the Applicable Percentage
from such Interest Determination Date shall, on the date five (5) Business Days
after the date by which the Borrower was so required to provide such financial
information and certifications to the Administrative Agent and the Lenders, be based
on Level VII until such time as such information and certifications are provided,
whereupon the Level shall be determined by the then current Leverage Ratio.

(b) The definition of “Consolidated EBITDA” set forth in Section 1.1 of the
Credit Agreement is hereby amended to read in its entirety as follows:

“Consolidated EBITDA” shall mean, for any period, the sum of (i)
Consolidated Net Income for such period, plus (ii) an amount which, in the
determination of Consolidated Net Income for such period, has been deducted for (A)
Consolidated Interest Expense, (B) total federal, state, local and foreign income
taxes and other similar taxes, (C) losses (or minus gains) on the sale or

 

2

 

disposition of assets outside the ordinary course of business and (D)
depreciation, amortization expense and other non-cash charges, all as determined in
accordance with GAAP. Non-cash charges that are added back to Consolidated Net
Income in subsection (D), but are ultimately paid in cash will be deducted from
Consolidated EBITDA at the time cash payments are made (other than the litigation
charges in the amount of $17,000,000 specified and described in the December 31,
2008 Form 10k filing by the Borrower, which shall continue to be excluded from the
calculation of Consolidated EBITDA in the event it is paid).

(c) The definition of “Issuing Lender” set forth in Section 1.1 of the Credit
Agreement is hereby amended to read in its entirety as follows:

“Issuing Lender” means either of JPM Chase or Wells Fargo Bank,
National Association (at Borrower’s election), in its capacity as the issuer of
Letters of Credit hereunder.

(d) A new clause (xi) is hereby added to the definition of “Permitted Liens”
set forth in Section 1.1 of the Credit Agreement, such new clause to read in its entirety
as follows:

(xi) Liens securing Indebtedness permitted under Section 6.1(i).

(e) Section 2.3(a) of the Credit Agreement is hereby amended to read in its entirety
as follows:

(a) Issuance. Subject to the terms and conditions hereof and of the
LOC Documents, if any, and any other terms and conditions which the Issuing Lender
may reasonably require consistent with customary practice at such time, during the
Commitment Period the Issuing Lender shall issue, and the Lenders shall participate
in, Letters of Credit for the account of the Borrower from time to time upon request
in a form acceptable to the Issuing Lender; provided, however, that
(i) the aggregate amount of LOC Obligations shall not at any time exceed THIRTY
MILLION DOLLARS ($30,000,000) (the “LOC Committed Amount”), (ii) the sum of
the aggregate amount of Revolving Loans plus Swingline Loans plus
LOC Obligations shall not at any time exceed the aggregate Revolving Committed
Amount, (iii) all Letters of Credit shall be denominated in U.S. Dollars and (iv)
Letters of Credit shall be issued for the purpose of supporting tax-advantaged
variable rate demand note financing and for other lawful corporate purposes and may
be issued as standby letters of credit, including in connection with workers’
compensation and other insurance programs, and trade letters of credit. Except as
otherwise expressly agreed upon by all the Lenders, no Letter of Credit shall have
an original expiry date more than twelve (12) months from the date of issuance;
provided, however, so long as no Default or Event of Default has
occurred and is continuing and subject to the other terms and conditions to the
issuance of Letters of Credit hereunder, the expiry dates of Letters of Credit may
be extended annually or periodically from time to time on the request of the
Borrower or by operation of the terms of the

 

3

 

applicable Letter of Credit to a date not more than twelve (12) months from the
date of extension; provided, further, that no Letter of Credit, as
originally issued or as extended, shall have an expiry date extending beyond the
Maturity Date. Each Letter of Credit shall comply with the related LOC Documents.
The issuance and expiry date of each Letter of Credit shall be a Business Day. Any
Letters of Credit issued hereunder shall be in a minimum original face amount of
$10,000 or such other amount as agreed by the Administrative Agent and the Borrower.
JPM Chase or Wells Fargo Bank, National Association shall be the Issuing Lender on
all Letters of Credit issued after July 30, 2009.

(f) Section 5.9 of the Credit Agreement is hereby amended to read in its entirety as
follows:

Section 5.9 Financial Covenants.

The Borrower shall, and shall cause each other Credit Party to, comply with the
following financial covenants:

(a) Leverage Ratio. The Leverage Ratio shall be less than or equal to
(i) as of the last day of each fiscal quarter of the Borrower and its Subsidiaries
during the period from and after July 30, 2009 through and including March 31, 2010,
3.75 to 1.00, (ii) as of the last day of each fiscal quarter of the Borrower and its
Subsidiaries during the period from and after April 1, 2010 through and including
September 30, 2010, 3.50 to 1.00, (iii) as of the last day of each fiscal quarter of
the Borrower and its Subsidiaries during the period from and after October 1, 2010
through and including March 31, 2011, 3.00 to 1.00, and (iv) as of the last day of
each fiscal quarter of the Borrower and its Subsidiaries thereafter, 2.75 to 1.0.

(b) Interest Coverage Ratio. The Interest Coverage Ratio, as of the
last day of each fiscal quarter of the Borrower and its Subsidiaries occurring from
and after July 30, 2009, shall be greater than or equal to 2.00 to 1.0.

(c) Consolidated Capital Expenditures. As of the end of each fiscal
quarter of the Borrower beginning with the fiscal quarter ending June 30, 2008,
Consolidated Capital Expenditures of the Borrower for the immediately preceding
twelve month period shall not exceed two hundred percent (200%) of the last twelve
month depreciation and amortization of the Borrower and its consolidated
Subsidiaries determined on a rolling four fiscal quarter basis.

(g) Section 6.1(b) of the Credit Agreement is hereby amended to read in its entirety
as follows:

(b) Indebtedness of the Borrower and its Subsidiaries existing as of July 30,
2009 and set out more specifically in Schedule 6.1(b) hereto and
Indebtedness assumed after July 30, 2009 in connection with acquisitions

 

4

 

permitted under Section 6.6(c) (provided that such Indebtedness was not
incurred in connection with such acquisition and any Liens existing in connection
with such Indebtedness shall relate only to the assets financed thereby), and
renewals, refinancings or extensions of any of the above in a principal amount not
in excess of that outstanding as of the date of such renewal, refinancing or
extension plus normal and customary fees and other transaction costs payable to
unaffiliated third parties incurred in connection therewith;

(h) Section 6.1(c) of the Credit Agreement is hereby amended to read in its entirety
as follows:

(c) Indebtedness of the Borrower and its Subsidiaries incurred after July 30,
2009 consisting of purchase money Indebtedness incurred to provide all or a portion
of the purchase price or cost of construction of any asset or property (any of which
may be funded up to, but not later than, 180 days after the date of acquisition of
the applicable asset or the date of completion of construction, as the case may be,
and up to $20,000,000 of which (in the aggregate) may be funded up to, but not later
than, 270 days after the date of acquisition of the applicable asset or the date of
completion of construction, as the case may be) provided that (i) such Indebtedness
when incurred shall not exceed the purchase price or cost of construction of such
asset or property; (ii) no such Indebtedness shall be refinanced for a principal
amount in excess of the principal balance outstanding thereon at the time of such
refinancing (provided that separate purchase money Indebtedness facilities may be
aggregated in connection with any refinancing, in which event the aggregate
refinanced amount may be secured by all of the assets that secured such separate
facilities and, in such event, Agent shall, upon request by Borrower, execute lien
subordination agreements whereby the Liens under the Credit Documents are
subordinated to the Liens securing the applicable refinancing and otherwise in form
and substance reasonably satisfactory to the Administrative Agent); and (iii) the
amount of such Indebtedness incurred pursuant to this Section 6.1(c) plus
the amount of the Indebtedness of the type described herein and set forth on
Schedule 6.1(b) shall not exceed the Purchase Money Debt Basket in effect
from time to time;

(i) Section 6.1(i) of the Credit Agreement is hereby amended to read in its entirety
as follows:

(i) Other Indebtedness of the Borrower and its Subsidiaries incurred after June 30,
2006 which does not exceed $15,000,000 in the aggregate at any time outstanding.

(j) Section 6.6(c) of the Credit Agreement is hereby amended to read in its entirety
as follows:

 

5

 

(c) enter into any transaction or series of transactions for the purposes of acquiring
all or a substantial portion of the assets, property and/or Capital Stock of any Person
other than, so long as no Default or Event of Default shall have occurred and be continuing
or would result therefrom on a Pro Forma Basis, the acquisition by any Credit Party of all
or a majority of the Capital Stock or other ownership interest in (or all or a substantial
portion of the assets, property and/or operations of) any Person provided that (i) such
acquisition is of a Person in the same or a similar line of business, (ii) the Borrower can
demonstrate, on a Pro Forma Basis, after giving effect to such acquisition that the Leverage
Ratio of the Borrower does not exceed the then current maximum Leverage Ratio under
Section 5.9(a) hereof minus 0.25, and (iii) the Borrower shall comply with
the requirements of Section 5.2(e) hereof.

(k) Section 6.12 of the Credit Agreement is hereby amended to read in its entirety as
follows:

Section 6.12 Restricted Payments.

The Borrower will not, nor will it permit any Subsidiary to, directly or
indirectly, declare, order, make or set apart any sum for or pay any Restricted
Payment, except (a) to make dividends payable solely in the same class of Capital
Stock of such Person, (b) to make dividends or other distributions payable to any
Credit Party (directly or indirectly through Subsidiaries), (c) as permitted by
Section 6.13 and (d) so long as no Default or Event of Default shall have
occurred and be continuing, or would result therefrom, the Borrower may repurchase
 shares of its Capital Stock during the term of this Agreement in any amount, so long
as (i) the Borrower can demonstrate, after giving effect to such purchase (A)
compliance on a Pro Forma Basis with the financial covenants set forth in
Section 5.9 hereof, as set forth in a compliance certificate and (B) the
Leverage Ratio of the Borrower after giving effect to any such repurchase on a Pro
Forma Basis shall not exceed 1.75 to 1.00.

(l) Schedule 6.1(b) to the Credit Agreement is hereby amended to be identical to
Schedule 6.1(b) attached hereto.

SECTION 2. Ratification. Except as expressly amended by this Amendment, the Credit
Agreement and the other Credit Documents shall remain in full force and effect. None of the
rights, title and interests existing and to exist under the Credit Agreement are hereby released,
diminished or impaired, and the Borrower hereby reaffirms all covenants, representations and
warranties in the Credit Agreement.

SECTION 3. Expenses. The Borrower shall pay to the Administrative Agent all
reasonable fees and expenses of its legal counsel incurred in connection with the execution of this
Amendment.

SECTION 4. Certifications. The Borrower hereby certifies that (a) no material adverse
change in the assets, liabilities, financial condition, business or affairs of the Borrower has

 

6

 

occurred and (b) subject to the waiver set forth herein, no Default or Event of Default has
occurred and is continuing or will occur as a result of this Amendment.

SECTION 5. Miscellaneous. This Amendment (a) shall be binding upon and inure to the
benefit of the Borrower, the Lenders and the Administrative Agent and their respective successors,
assigns, receivers and trustees; (b) may be modified or amended only by a writing signed by the
required parties; (c) shall be governed by and construed in accordance with the laws of the State
of Texas and the United States of America; (d) may be executed in several counterparts by the
parties hereto on separate counterparts, and each counterpart, when so executed and delivered,
shall constitute an original agreement, and all such separate counterparts shall constitute but one
and the same agreement and (e) together with the other Credit Documents, embodies the entire
agreement and understanding between the parties with respect to the subject matter hereof and
supersedes all prior agreements, consents and understandings relating to such subject matter. The
headings herein shall be accorded no significance in interpreting this Amendment.

SECTION 6. Amendment Fee.. No part of this Amendment shall become effective until the
Borrowers shall have paid to the Administrative Agent (for the pro rata benefit of the Lenders
executing and delivering this Amendment by the Effective Date) amendment fees equal to 0.25% of the
Revolving Commitment of each such Lender so executing this Amendment.

[signature pages follow]

 

7

 

NOTICE PURSUANT TO TEX. BUS. & COMM. CODE §26.02

THE CREDIT AGREEMENT, AS AMENDED BY THIS AMENDMENT, AND ALL OTHER CREDIT DOCUMENTS EXECUTED BY
ANY OF THE PARTIES PRIOR HERETO OR SUBSTANTIALLY CONCURRENTLY HEREWITH CONSTITUTE A WRITTEN LOAN
AGREEMENT WHICH REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

IN WITNESS WHEREOF, the Borrower, the Lenders and the Administrative Agent have caused this
Amendment to be signed by their respective duly authorized officers, effective as of the date first
above written.

	 	 	 	 	 
	 	 	CONSOLIDATED GRAPHICS, INC.,
a Texas corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jon C. Biro,
	 

	 	 	 	Executive Vice President and
Chief Financial Officer
	 
	 	 	 	 
	 	 	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,

as Administrative Agent and as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Erin Robbins
	 

	 	 	 	Vice President
	 
	 	 	 	 
	 	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ H. Michael Sultanik
	 

	 	 	 	Vice President
	 
	 	 	 	 
	 	 	BANK OF AMERICA, N.A.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Julie Castano
	 

	 	 	 	Vice President

Unnumbered signature page to Fifth Amendment to Credit Agreement

for Consolidated Graphics, Inc.

 

 

 

	 	 	 	 	 
	 	 	COMERICA BANK
	 
	 	 	 	 
	 

	 	By:
	 	/s/ DeVon Lang
	 

	 	 	 	Assistant Vice President
	 
	 	 	 	 
	 	 	WACHOVIA BANK, NATIONAL ASSOCIATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ H. Michael Sultanik
	 

	 	 	 	Vice President
	 
	 	 	 	 
	 	 	RBS CITIZENS, N.A.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Brian H. Gallagher
	 

	 	 	 	Vice President
	 
	 	 	 	 
	 	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Douglas Barnell
	 

	 	 	 	Vice President & Manager
	 
	 	 	 	 
	 	 	BANK OF TEXAS, N.A.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Marian Livingston
	 

	 	 	 	Senior Vice President
	 
	 	 	 	 
	 	 	AMEGY BANK NATIONAL ASSOCIATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Laif Afseth
	 

	 	 	 	Senior Vice President

Unnumbered signature page to Fifth Amendment to Credit Agreement

for Consolidated Graphics, Inc.

 

 

 

The undersigned hereby join in this Amendment to evidence their consent to execution by Borrower of
this Amendment, to confirm that each Credit Document now or previously executed by the undersigned
applies and shall continue to apply to the Credit Agreement, as amended hereby, to acknowledge that
without such consent and confirmation, Banks would not execute this Amendment and to join in the
notice pursuant to Tex. Bus. & Comm. Code §26.02 set forth above.

A&A AMALGAMATED PRINTING ENTERPRISES, INC.,

     a California corporation,

AGS CUSTOM GRAPHICS, INC.,

     a Maryland corporation,

AMERICAN LITHOGRAPHERS, INC.,

     a California corporation,

APPLE GRAPHICS, INC.,

     a California corporation,

AUSTIN PRINTING COMPANY, INC.,

     a Georgia corporation,

AUTOMATED GRAPHIC IMAGING/COPY CENTER, INC.,

     a District of Columbia corporation,

AUTOMATED GRAPHIC SYSTEMS, LLC,

     a Maryland limited liability company,

BIGINK MAILING & FULFILLMENT COMPANY,

     a Kansas corporation,

BRIDGETOWN PRINTING CO.,

     an Oregon corporation,

BYRUM LITHOGRAPHING CO.,

     an Ohio corporation,

CDS PUBLICATIONS, INC.,

     an Oregon corporation,

CGML GENERAL PARTNER, INC.,

     a Delaware corporation,

CGML, LLC,

     a Delaware limited liability company,

CGX CALIFORNIA CONTRACTORS, INC.,

     a California corporation

CGX SOLUTIONS, INC.,

     a Texas corporation

CHAS. P. YOUNG COMPANY,

     a Texas corporation,

CHAS. P. YOUNG COMPANY, INC.,

     a New York corporation,

CLEAR VISIONS, INC.,

     a Texas corporation,

Unnumbered signature page to Fifth Amendment to Credit Agreement

for Consolidated Graphics, Inc.

 

 

 

COLUMBIA COLOR, INC.,

     a California corporation,

CONSOLIDATED CARQUEVILLE PRINTING COMPANY,

     an Illinois corporation

CONSOLIDATED GRAPHICS CALIFORNIA,

     a California corporation,

CONSOLIDATED GRAPHICS DEVELOPMENT COMPANY,

     a Delaware corporation,

CONSOLIDATED GLOBAL GROUP, INC.,

     a Texas corporation,

CONSOLIDATED GRAPHICS INTERNATIONAL, INC.,

     a Delaware corporation,

CONSOLIDATED GRAPHICS SERVICES, INC.,

     a Delaware corporation,

CONSOLIDATED GRAPHICS PROPERTIES, INC.,

     a Texas corporation,

CONSOLIDATED GRAPHICS PROPERTIES II, INC.,

     a Texas corporation,

COPY-MOR, INC.,

     an Illinois corporation,

COURIER PRINTING COMPANY,

     a Tennessee corporation,

DIGITAL DIRECT, LLC,

     a Pennsylvania limited liability company,

DIRECT COLOR, INC.,

     a California corporation,

EAGLE PRESS, INC.,

     a California corporation,

EASTWOOD PRINTING CORPORATION, 

     a Colorado corporation,

ELECTRIC CITY PRINTING COMPANY,

     a South Carolina corporation,

EMERALD CITY GRAPHICS, INC.,

     a Washington corporation,

FITTJE BROS. PRINTING CO.,

     a Colorado corporation,

FREDERIC PRINTING COMPANY,

     a Colorado corporation,

GARNER PRINTING COMPANY,

     an Iowa corporation,

GEYER PRINTING COMPANY, INC.,

     a Pennsylvania corporation,

Unnumbered signature page to Fifth Amendment to Credit Agreement

for Consolidated Graphics, Inc.

 

 

 

GILLILAND PRINTING, INC.

     a Kansas corporation,

GRAPHCOM LLC,

     a Georgia limited liability company,

GRAPHIC COMMUNICATIONS, INC.,

     a California corporation,

GRAPHIC TECHNOLOGY OF MARYLAND, INC.,

     a Maryland corporation,

GRAPHION, INC.,

     a California corporation,

GRITZ-RITTER GRAPHICS, INC.,

     a Colorado corporation,

GROVER PRINTING COMPANY,

     a Texas corporation,

GSL FINE LITHOGRAPHERS,

     a California corporation,

GULF PRINTING COMPANY,

     a Texas corporation,

H & N PRINTING & GRAPHICS, INC.,

     a Maryland corporation,

HEATH PRINTERS, INC.

     a Washington corporation

HERITAGE GRAPHICS, INC.,

     a Texas corporation,

IMAGE SYSTEMS, LLC,

     a Wisconsin limited liability company,

IRONWOOD LITHOGRAPHERS, INC.,

     an Arizona corporation,

KELMSCOTT COMMUNICATIONS LLC,

     a Delaware limited liability company,

KEYS PRINTING COMPANY,

     a South Carolina corporation,

LINCOLN PRINTING CORPORATION,

     an Indiana corporation,

MARYLAND COMPOSITION.COM, INC.,

     a Maryland corporation,

MAXIMUM GRAPHICS, INC.,

     a Minnesota corporation,

MAXWELL GRAPHIC ARTS, INC.,

     a New Jersey corporation,

MCKAY PRESS, INC.,

     a Michigan corporation,

MERCURY PRINTING COMPANY, LLC,

     a Tennessee limited liability company,

Unnumbered signature page to Fifth Amendment to Credit Agreement

for Consolidated Graphics, Inc.

 

 

 

MERCURY WEB PRINTING, LLC.,

     a Kansas corporation,

METROPOLITAN PRINTING SERVICES, LLC,

     an Indiana limited liability company,

MOBILITY, INC.,

     a Virginia corporation,

MOUNT VERNON PRINTING COMPANY,

     a Maryland corporation,

MULTIPLE IMAGES PRINTING, INC.,

     an Illinois corporation,

NIES/ARTCRAFT, INC.,

     a Missouri corporation,

PICCARI PRESS, INC.,

     a Pennsylvania corporation,

PRECISION LITHO, INC.,

     a California corporation,

PRIDE PRINTERS, INC.,

     a Massachusetts corporation,

PRINTING CONTROL SERVICES, INCORPORATED,

     a Washington corporation,

PCA, a Maryland limited liability company,

PBM GRAPHICS, INC.,

     a North Carolina corporation,

PGH COMPANY, INC.,

     a Delaware corporation,

PRINTING, INC.,

     a Kansas corporation,

RUSH PRESS, INC.,

     a California corporation,

S&S GRAPHICS, LLC,

     a Maryland limited liability company,

S&S GRAPHICS PROPERTY, LLC,

     a Delaware limited liability company,

SPANGLER GRAPHICS, LLC,

     a Kansas limited liability company,

SPANGLER GRAPHICS PROPERTY, LLC,

     a Kansas limited liability company,

STORTERCHILDS PRINTING CO., INC.,

     a Florida corporation,

SUPERB PRINTING COMPANY,

     a Texas corporation,

Unnumbered signature page to Fifth Amendment to Credit Agreement

for Consolidated Graphics, Inc.

 

 

 

SUPERIOR COLOUR GRAPHICS, INC.,

     a Michigan corporation,

TEWELL WARREN PRINTING COMPANY,

     a Colorado corporation,

THE ETHERIDGE COMPANY,

     a Michigan corporation,

THE CYRIL-SCOTT COMPANY,

     an Ohio corporation,

THE GRAPHICS GROUP, INC.,

     a Texas corporation,

THE HENNEGAN COMPANY,

     a Kentucky corporation,

THE JARVIS PRESS, INC.,

     a Texas corporation,

THE JOHN C. OTTO COMPANY, INC.,

     a Massachusetts corporation,

THE PIKES PEAK LITHOGRAPHIC CO.,

     a Colorado corporation,

THE PRINTERY, INC.,

     a Wisconsin corporation,

THEO. DAVIS SONS, INCORPORATED,

     a North Carolina corporation,

THOUSAND OAKS PRINTING AND SPECIALTIES, INC.,

     a California corporation,

TUCKER PRINTERS, INC.,

     a Texas corporation,

TULSA LITHO COMPANY,

     an Oklahoma corporation,

TURSACK INCORPORATED,

     a Pennsylvania corporation,

VALCOUR PRINTING, INC.,

     a Missouri corporation,

WALNUT CIRCLE PRESS, INC.,

     a North Carolina corporation,

WATERMARK PRESS, LTD.,

     a California corporation,

WENTWORTH CORPORATION,

     a South Carolina corporation,

WESTERN LITHOGRAPH COMPANY,

     a Texas corporation,

WESTLAND PRINTERS, INC.,

     a Maryland corporation,

WETZEL BROTHERS, LLC,

     a Wisconsin limited liability company,

WOODRIDGE PRESS, INC.,

     a California corporation,

	 	 	 	 	 
	 

	 	By:
	 	/s/ Jon C. Biro,
	 

	 	 	 	Executive Vice President

of each of the foregoing

Unnumbered signature page to Fifth Amendment to Credit Agreement

for Consolidated Graphics, Inc.

 

 

 

SERCO FORMS, LLC,

     a Kansas limited liability company

	 	 	 	 	 	 	 
	 	 	By:	 	BIGINK MAILING & FULFILLMENT COMPANY,

a Kansas corporation, and

MERCURY WEB PRINTING, INC.,

a Kansas corporation, Members
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Jon C. Biro,

Executive Vice President

of each of the foregoing

CONSOLIDATED GRAPHICS MANAGEMENT, LTD.,

     a Texas limited partnership,

	 	 	 	 	 	 	 
	 	 	By:	 	CGML GENERAL PARTNER, INC.,

a Delaware corporation, sole general partner of

Consolidated Graphics Management, Ltd.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Jon C. Biro,

Executive Vice President

CONSOLIDATED GRAPHICS DEVELOPMENT LLC,

     a Delaware limited liability company

	 	 	 	 	 	 	 
	 	 	By:	 	CONSOLIDATED GRAPHICS DEVELOPMENT COMPANY,

a Delaware corporation, Member
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Jon C. Biro,

Executive Vice President

Unnumbered signature page to Fifth Amendment to Credit Agreement

for Consolidated Graphics, Inc.EX-10.1

\

Exhibit 10.1

INTERCONTINENTIALEXCHANGE, INC.

EXECUTIVE BONUS PLAN

     Section 1. Purpose. The purpose of the ICE, Inc. Executive Bonus Plan (the “Plan”) is
provide an incentive to attract, retain and reward selected executive officers of
IntercontinentalExchange, Inc. (“ICE”) and its subsidiaries and affiliates (together with
ICE, and their and its successors and assigns, the “Company”) to contribute to the
Company’s growth and profitability. It is intended that any Bonus (as defined in Section
5(b)) payable under this Plan be considered “performance-based compensation” within the meaning
of Section 162(m)(4)(C) of the Internal Revenue Code of 1986, as amended (the “Code”), and
the regulations thereunder, and this Plan shall be limited, construed and interpreted accordingly.

     Section 2. Administration.

     (a) General. Subject to Section 2(d), this Plan shall be administered by a committee
(the “Committee”) appointed by the Board of Directors of ICE (the “Board”), whose
members shall serve at the pleasure of the Board. The Committee at all times shall be composed of
at least two directors of ICE, each of whom is an “outside director” within the meaning of Section
162(m) of the Code and Treasury Regulation Section 1.162-27(e)(3). Unless otherwise determined by
the Board, the Committee shall be the Compensation Committee of the Board.

     (b) Role of the Committee. The Committee shall have complete control over the administration
of this Plan, and shall have the authority in its sole and absolute discretion to: (i) exercise all
of the powers granted to it under this Plan, including designating individuals as participants in
this Plan in accordance with Section 4 and allocating a percentage of the Incentive Pool
(as defined in Section 5(a)) to each Participant in accordance with Section 5(a);
(ii) construe, interpret and implement this Plan; (iii) prescribe, amend and rescind rules and
regulations relating to this Plan, including rules and regulations governing its own operations;
(iv) make all determinations and take all actions necessary or advisable in administering this Plan
(including, without limitation, calculating the size of the Bonus payable to each Participant (as
defined in Section 4(a)) and certifying the size of the Incentive Pool; (v) correct any
defect, supply any omission and reconcile any inconsistency in this Plan; and (vi) amend this Plan
to reflect changes in or interpretations of applicable law, rules or regulations.

     (c) Procedures; Decisions Final. Actions of the Committee shall be made by the vote of a
majority of its members. The determination of the Committee on all matters relating to this Plan
and any amounts payable thereunder shall be final, binding and conclusive on all parties.

     (d) Delegation. The Committee may allocate among its members and may delegate some or all of
its authority or administrative responsibility to such individual or individuals who are not
members of the Committee as it shall deem necessary or appropriate; provided,
however, the Committee may not delegate any of its authority or administrative
responsibility hereunder if such delegation would cause any Bonus payable under this Plan not to be
considered “performance-based compensation” within the meaning of Section 162(m)(4)(C) of the Code
and the regulations thereunder, and any such attempted delegation shall not be effective and shall
be void ab initio.

     (e) No Liability. No member of the Board or the Committee or any employee of the Company
(each such person a “Covered Person”) shall have any liability to any person (including,
without limitation, any Participant) for any action taken or omitted to be taken or any
determination made in good faith with respect to this Plan, any Award or any Bonus. Each Covered
Person shall be indemnified and held harmless by ICE against and from any loss, cost, liability or
expense (including attorneys’ fees) that may be imposed upon or incurred by such Covered Person in
connection with or resulting from any action, suit or proceeding to which such Covered Person may
be a party or in which such Covered Person may be involved by reason of any action taken or omitted
to be taken under this Plan and against and from any and all amounts paid by such Covered Person,
with ICE’s approval, in settlement thereof, or paid by such Covered Person in satisfaction of any
judgment in any such action, suit or proceeding against such Covered Person, provided that ICE
shall have the right, at its own expense, to assume and defend any such action, suit or proceeding
and, once ICE gives notice of its intent to assume the defense, ICE shall have sole control over
such defense with counsel of ICE’s choice. The foregoing right of indemnification shall not be
available to a Covered Person to the extent that a court of competent jurisdiction in a final
judgment or other final

 

 

adjudication, in either case, not subject to further appeal, determines that the acts or
omissions of such Covered Person giving rise to the indemnification claim resulted from such
Covered Person’s bad faith, fraud or willful criminal act or omission. The foregoing right of
indemnification shall not be exclusive of, and shall not be deemed to limit or modify, any other
rights of indemnification or the advancement of expenses to which Covered Persons may be entitled
under ICE’s Certificate of Incorporation or Bylaws, as a matter of law, or otherwise, or any other
power that ICE may have to indemnify such persons or hold them harmless.

     Section 3. Performance Period.

     The Committee shall designate the periods (each a “Performance Period”) with respect
to which a Participant may be granted the opportunity to earn one or more payouts (his or her
“Bonus”) to the extent consistent with Treasury Regulation Section 1.162-27(e)(2). The
first Performance Period shall commence no earlier than January 1, 2009. Unless otherwise
determined by the Committee, the Performance Period shall be ICE’s fiscal year. Performance
Periods must be consecutive and may not overlap.

     Section 4. Eligibility and Participation.

     (a) Participants. Before the 90th day after the beginning of the Performance Period, or
otherwise in a manner not inconsistent with Treasury Regulation Section 1.162-27(e)(2) (the
“Participation Date”), the Committee shall designate those executive officers of the
Company who shall participate in this Plan for each Performance Period (the
“Participants”).

     (b) Changes During a Performance Period. Except as provided below, the Committee shall have
the authority at any time (i) during the Performance Period to remove Participants from this Plan
for that Performance Period and (ii) before the Participation Date (or otherwise in a manner not
inconsistent with Treasury Regulation Section 1.162-27(e)(2)) to add Participants to this Plan for
a particular Performance Period.

     Section 5. Bonus Amounts.

     (a) Bonus Pool. For each Performance Period, a bonus pool (the “Incentive Pool”)
shall be established equal to 3.0% of ICE’s EBITDA (as defined below). By the Participation Date
(or otherwise in a manner not inconsistent with Treasury Regulation Section 1.162-27(e)(2)), the
Committee shall allocate, in its sole discretion, a percentage of the Incentive Pool to each
Participant for the Performance Period (the Participant’s “Award”); provided,
however, that the Award for any Participant may not exceed 60% of the total Incentive Pool
and the sum of the Awards for the Incentive Pool for all Participants cannot exceed 100% of the
total Incentive Pool. For purposes of this Plan, the term “EBITDA” means, for the
applicable Performance Period, ICE’s earnings before interest, taxes, depreciation and
amortization, the components of which are reported in ICE’s annual report to stockholders or as
otherwise publicly reported.

     (b) Committee Discretion to Determine Bonus. The Committee has the sole discretion to
determine whether all or any portion of a Participant’s Award will be paid, and the specific
amount, if any, to be paid to each Participant, subject in all cases to the terms, conditions and
limits of this Plan. The Committee may, at any time, establish (and, once established, rescind,
waive or amend) additional conditions and terms of payment of Awards (including, but not limited
to, the achievement of other financial, strategic or individual goals, which may be objective or
subjective) as it may deem desirable in carrying out the purposes of this Plan. Notwithstanding
anything to the contrary in this Plan, the Committee may, in its sole discretion, reduce the Award
amount for any Participant for a particular Performance Period at any time before the payment of
Awards to Participants. In no event, may the portion of the Incentive Pool allocated to a
Participant pursuant to Section 5(a) be increased in any way, including as a result of the
reduction of any other Participant’s allocated portion. The portion of an Award that the Committee
determines to pay to a Participant for a Performance Period, is herein referred to as his or her
“Bonus”.

     (c) Maximum Bonus. Notwithstanding anything to the contrary in Section 5(b), under no
circumstances shall the Bonus payable to any single Participant for any fiscal year exceed
$6,000,000.00.

     (d) Certification. Following the completion of each Performance Period and before any Bonus
payment, the Committee shall certify in writing the size of the Incentive Pool for the Performance
Period and certify

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the amount of each Participant’s Award (i.e., the amount equal to the percentage of the
Incentive Pool allocated to the Participant pursuant to Section 6(a)).

     (e) Termination During a Performance Period. If a Participant’s employment with the Company
terminates for any reason before the end of a Performance Period, the Participant shall not be
entitled to any Bonus under this Plan unless otherwise provided in the terms of the Award or
otherwise determined by the Committee if the termination is due to death or disability.

     Section 6. Payment of Bonus Amount.

     Each Participant’s Bonus shall be payable by the Company, in the discretion of the Committee,
in cash and/or a ICE equity-based award of equivalent value (provided that in determining the
number of shares of ICE common stock, par value $0.01 per share (the “Common Stock”)
(whether restricted or unrestricted) that is equivalent to a dollar amount, that dollar amount
shall be divided by the closing price of the Common Stock on the last trading day before such grant
(with fractional shares being rounded down to the nearest whole share)). The cash portion of the
Bonus (i) shall be paid by March 15th of the fiscal year after the fiscal year in which the
Performance Period in which they are earned is completed, generally at such time as bonuses are
paid by ICE for the relevant fiscal year, but not before the Committee certifies in writing the
size of the Incentive Pool for such Performance Period, unless otherwise determined pursuant to
Section 7(n) and (ii) shall be paid in U.S. dollars. Any equity-based award shall be
granted under a stockholder-approved equity-based compensation plan subject to such terms and
conditions (including vesting requirements) as the Committee and the administrative committee of
the plan under which such equity-based award is granted may determine.

     No Participant shall have any right to payment of any amounts under this Plan unless and until
the Committee determines (i) the amount of such Participant’s Bonus, (ii) that such Bonus shall be
paid and (iii) the method and timing of its payment.

     Section 7. General Provisions.

     (a) Amendment, Termination, Etc. The Board or the Compensation Committee may at any time
suspend or terminate this Plan or revise or amend it in any respect whatsoever, except that no
suspension, termination, amendment or revision may cause an Award not to be deductible under, or to
cease to be deductible under, Section 162(m) of the Code. In addition, no amendment that would
require stockholder approval under applicable law (including, without limitation, in order for any
Bonus paid pursuant to this Plan to constitute “performance-based compensation” within the meaning
of Section 162(m)(4)(C) of the Code) or stock exchange rules shall be effective without the
approval of the stockholders of ICE as required by such law (including, without limitation, Section
162(m) of the Code and the regulations thereunder) or stock exchange rules.

     (b) Nonassignability. No rights of any Participant under this Plan may be sold, exchanged,
transferred, assigned, pledged, hypothecated or otherwise disposed of (including through the use of
any cash-settled instrument), either voluntarily or involuntarily by operation of law, other than
by will or by the laws of descent and distribution. Any sale, exchange, transfer, assignment,
pledge, hypothecation or other disposition in violation of the provisions of this Section
7(b) shall be void and shall not be recognized or given effect by the Company.

     (c) No Rights to Awards; No Employment Rights. Nothing in this Plan shall be construed to
give any person any right to be granted an Award. Nothing in this Plan or any other action take
pursuant to this Plan shall constitute or be evidence of any agreement or understanding, express or
implied, that the Company will utilize any Participant’s services for any time, or in any position,
or at any particular rate of compensation, nor shall this Plan confer upon any Participant the
right to continue in the employ of the Company for the Performance Period or thereafter or affect
any right which the Company may have to terminate such employment.

     (d) Choice of Forum.

     (1) Jurisdiction. The Company and each Participant, as a condition to such
Participant’s participation in this Plan, hereby irrevocably submit to the exclusive
jurisdiction of any state or Federal court located in Atlanta, Georgia over any suit, action
or proceeding arising out of or relating to or concerning this Plan. The Company and each
Participant, as a condition to such Participant’s participation

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in this Plan, acknowledge that the forum designated by this Section 7(d) has a
reasonable relation to this Plan and to the relationship between such Participant and the
Company. Notwithstanding the foregoing, nothing herein shall preclude the Company from
bringing any action or proceeding in any other court for the purpose of enforcing the
provisions of this Section 7(d).

     (2) Acceptance of Jurisdiction. The agreement by the Company and each Participant as
to forum is independent of the law that may be applied in the action, and the Company and
each Participant, as a condition to such Participant’s participation in this Plan, (i) agree
to such forum even if the forum may under applicable law choose to apply non-forum law, (ii)
hereby waive, to the fullest extent permitted by applicable law, any objection which the
Company or such Participant now or hereafter may have to personal jurisdiction or to the
laying of venue of any such suit, action or proceeding in any court referred to in
Section 7(d)(1), (iii) undertake not to commence any action arising out of or
relating to or concerning this Plan in any forum other than the forum described in this
Section 7(d) and (iv) agree that, to the fullest extent permitted by applicable law,
a final and non-appealable judgment in any such suit, action or proceeding in any such court
shall be conclusive and binding upon the Company and each Participant.

     (3) Service of Process. Each Participant, as a condition to such Participant’s
participation in this Plan, hereby irrevocably appoints the General Counsel of ICE as such
Participant’s agent for service of process in connection with any action, suit or proceeding
arising out of or relating to or concerning this Plan, who shall promptly advise such
Participant of any such service of process.

     (4) Confidentiality. Each Participant, as a condition to such Participant’s
participation in this Plan, agrees to keep confidential the existence of, and any
information concerning, a dispute, controversy or claim described in this Section
7(d), except that a Participant may disclose information concerning such dispute,
controversy or claim to the court that is considering such dispute, controversy or claim or
to such Participant’s legal counsel (provided that such counsel agrees not to disclose any
such information other than as necessary to the prosecution or defense of the dispute,
controversy or claim).

     (e) Waiver of Jury Trial. EACH PARTICIPANT WAIVES ANY RIGHT IT MAY HAVE TO TRIAL BY JURY IN
RESPECT OF ANY LITIGATION BASED ON, ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS PLAN.

     (f) Governing Law. This Plan shall be governed by and construed in accordance with the laws
of the State of Georgia applicable to contracts wholly made and performed in the State of Georgia,
except to the extent superseded by Federal law.

     (g) Tax Withholding. In connection with any payments to a Participant or other event under
this Plan that gives rise to a Federal, state, local or other tax withholding obligation relating
to this Plan (including, without limitation, FICA tax), (i) the Company may deduct or withhold (or
cause to be deducted or withheld) from any payment or distribution to such Participant whether or
not pursuant to this Plan or (ii) the Committee shall be entitled to require that such Participant
remit cash (through payroll deduction or otherwise), in each case in an amount sufficient in the
opinion of the Company to satisfy the amount required by law to be withheld.

     (h) Severability. If any provision of this Plan, or its application to any person, place, or
circumstance, is held by an arbitrator or a court of competent jurisdiction to be invalid,
unenforceable, or void, that provision shall be enforced to the greatest extent permitted by law,
and the remainder of this Plan and of that provision shall remain in full force and effect as
applied to other persons, places, and circumstances.

     (i) No Third Party Beneficiaries. This Plan shall not confer on any person other than the
Company and any Participant any rights or remedies hereunder.

     (j) Successors and Assigns. The terms of this Plan shall be binding upon and inure to the
benefit of the Company and its successors and assigns and each permitted successor or assign of
each Participant as provided in Section 7(b).

     (k) Plan Headings. The headings in this Plan are for the purpose of convenience only and are
not intended to define or limit the construction of the provisions hereof.

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     (l) Construction. In the construction of this Plan, the singular shall include the plural,
and vice versa, in all cases where such meanings would be appropriate.

     (m) Plan Subject to Stockholder Approval. This Plan is adopted subject to the approval of the
stockholders of ICE at the Company’s 2009 Annual Meeting of Stockholders in accordance with Section
162(m)(4)(C) of the Code and Treasury Regulation Section 1.162-27(e)(4), and no Bonus shall be
payable hereunder absent such stockholder approval.

     (n) Section 409A of the Code. To the extent that any Bonus payment is not exempt from the
application of the requirements of Section 409A of the Code, this Plan and the provision of the
Bonus shall be construed and interpreted in a manner so as to comply with such requirements. In
particular, to the extent that any payment to be made to a Participant in connection with the
Participant’s separation from service with the Company (within the meaning of Section 409A of the
Code) would be subject to the additional tax of Section 409A of the Code, the payment will be
delayed until six months after such Participant’s separation from service (or earlier death,
disability or change in control event (each within the meaning of Section 409A of the Code)).

     (o) No Funding. The Company will be under no obligation to fund or set aside amounts to pay
obligations under this Plan. Participants will have no rights to any amounts under this Plan other
than as a general unsecured creditor of the Company.

     (p) No Rights to Other Payments; No Limitation on Other Payments. The provisions of this Plan
provide no right or eligibility to a Participant to any other payouts from the Company under any
other alternative plans, schemes, arrangements or contracts the Company may have with any employees
or group of employees of the Company. Nothing in this Plan shall preclude or limit the ability of
the Company to pay any compensation to a Participant under any other plan or compensatory
arrangement whether or not in effect on the date this Plan was adopted.

     (q) No Effect on Benefits. Grants and payments under this Plan will constitute special
discretionary incentive payments to the Participants and will not be required to be taken into
account in computing the amount of salary or compensation of the Participants for the purpose of
determining any contributions to or any benefits under any pension, retirement, profit-sharing,
bonus, life insurance, severance or other benefit plan of the Company or under any agreement with a
Participant, unless the Company or such other arrangement specifically provides otherwise.

     (r) Term of Plan. This Plan will continue until suspended, discontinued or terminated by the
Board or the Compensation Committee in its sole discretion.

[Remainder of page intentionally left blank]

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     IN WITNESS WHEREOF, and as evidence of the adoption of this Plan effective as of March 6 by
ICE, it has caused the same to be signed by its duly authorized officer this 6th day of
March 2009.

	 	 	 	 	 
	 	INTERCONTINENTALEXCHANGE, INC.

 	 
	 	/s/ Jeffrey C. Sprecher
 	 
	 	Jeffrey C. Sprecher 	 
	 	Chairman and Chief Executive Officer 	 
	 

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