Document:

Fifteenth Amendment, dated November 4, 2008, to Credit Agreement

 EXHIBIT 10.2 
 FIFTEENTH AMENDMENT TO CREDIT AGREEMENT 
 THIS FIFTEENTH AMENDMENT TO CREDIT AGREEMENT
(this “Amendment”), dated as of November 4, 2008, is entered into by and among the lenders identified on the signature pages hereof (such lenders, together with their respective successors and permitted assigns, are referred to
hereinafter each individually as a “Lender” and collectively as the “Lenders”), WELLS FARGO BANK, NATIONAL ASSOCIATION, as the successor to Wells Fargo Foothill, Inc. as administrative agent for the Lenders
designated in the Credit Agreement referred to below (in such capacity, together with its successors and assigns in such capacity, “Agent”), and INFOCUS CORPORATION, an Oregon corporation (“Borrower”).

 RECITALS 
 A. Borrower,
Agent and the Lenders have previously entered into that certain Credit Agreement dated as of October 25, 2004 (as amended, the “Credit Agreement”). Terms used herein without definition shall have the meanings ascribed to them
in the Credit Agreement. 
 B. The Lenders, Agent and Borrower desire to address Borrower’s failure to comply with the requirements of
Section 6.16(a)(i) of the Credit Agreement as of the 9 month period ending September 30, 2008 (the “Breach”). 
 C.
Borrower is entering into this Amendment with the understanding and agreement that, except as specifically provided herein, none of Agent’s or any member of the Lender Group’s rights or remedies set forth in the Credit Agreement or any
other Loan Document is being waived or modified by the terms of this Amendment. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
 1. Waiver. Lenders hereby waive the Event of
Default arising from the Breach. This waiver is not intended to be, and shall not be construed as being, a waiver or modification by Lenders of any other Obligation, nor construed as a willingness to grant any subsequent waiver of Borrower’s
obligations to Lenders. In consideration of the foregoing waiver, Borrower hereby releases, acquits and forever discharges Agent and each Lender, its affiliates, participants, officers, employees, agents, successors and assigns, of and from any and
all claims, demands, damages, liabilities, obligations, actions or causes of action in suits or causes of suit and unconditionally waives any defense, either at law or in equity, whether known or unknown, arising out of, connected with or in any way
related to the Obligations, the Loan Documents, the relationship between (i) Agent and Lenders (or any of them) and (ii) Borrower to and including the date of this Amendment. 
 2. Amendments to Credit Agreement. 
 (a) Section 6.16(a)(i) of the Credit Agreement is hereby amended and restated to read as follows: 
 “(i) Minimum EBITDA. EBITDA, for each period identified below, of at least the required amount set forth in the following table for such period: 
  

 1 

			
	 Applicable Amount
	  	 Applicable Period

	 $1,200,000
	  	 For the 3 month period
 ending December 31, 2004

		
	 $2,100,000
	  	 For the 6 month period
 ending March 31, 2005

		
	 $(29,250,000)
	  	 For the 9 month period
 ending June 30, 2005

		
	 $(38,500,000)
	  	 For the 12 month period
 ending September 30, 2005

		
	 $(92,500,000)
	  	 For the 12 month period
 ending December 31, 2005

		
	 $(80,500,000)
	  	 For the 12 month period
 ending March 31, 2006

		
	 $(61,500,000)
	  	 For the 12 month period
 ending June 30, 2006

		
	 $(31,000,000)
	  	 For the 12 month period
 ending September 30, 2006

		
	 $(5,350,000)
	  	 For the 3 month period
 ending December 31, 2006

		
	 $(11,100,000)
	  	 For the 3 month period
 ending March 31, 2007

		
	 $(7,400,000)
	  	 For the 3 month period
 ending June 30, 2007

		
	 $(5,300,000)
	  	 For the 3 month period
 ending September 30, 2007

		
	 $(1,000,000)
	  	 For the 3 month period
 ending December 31, 2007

		
	 $(5,000,000)
	  	 For the 3 month period
 ending March 31, 2008

		
	 $(6,500,000)
	  	 For the 6 month period
 ending June 30, 2008”

		
	 $(7,500,000)
	  	 For the 9 month period
 ending September 30, 2008

		
	 $(15,000,000)
	  	 For the 12 month period
 ending December 31, 2008

  

 2 

 (b) The defined term “Base Rate Margin” set forth in Schedule 1.1 to the Credit
Agreement is hereby amended and restated to read in its entirety as follows: 
 “‘Base Rate Margin’
means 2.50 percentage points.” 
 3. Accommodation Fee. In consideration of the agreements set forth herein, Borrower agrees to
pay to Agent, for the benefit of the Lenders, a non-refundable fee in the amount of $15,000, fully-earned as of and due and payable in full on the date of this Amendment. 
 4. Effectiveness of this Amendment. Agent must have received the following items, in form and content acceptable to Agent, before this Amendment is effective. 
 (a) Executed Amendment. This Amendment fully executed by all parties hereto in a sufficient number of counterparts for distribution
to all parties. 
 (b) Payment of Accommodation Fee. The accommodation fee provided for in Section 3 above, which
fee may be paid as a charge to Borrower’s Loan Account. 
 (c) Representations and Warranties. The representations
and warranties contained herein shall be true and correct as of the date hereof. 
 5. Representations and Warranties. Borrower
represents and warrants as follows: 
 (a) Authority. Borrower has the requisite corporate power and authority to
execute and deliver this Amendment, and to perform its obligations hereunder and under the Loan Documents (as amended or modified hereby and by any amendments thereto referenced herein) to which it is a party. The execution, delivery and performance
by Borrower of this Amendment have been duly approved by all necessary corporate action and no other corporate proceedings are necessary to consummate such transactions. 
 (b) Enforceability. This Amendment has been duly executed and delivered by Borrower. This Amendment and each Loan Document (as
amended or modified hereby) are the legal, valid and binding obligation of Borrower, enforceable against Borrower in accordance with its terms, and is in full force and effect. 
 (c) Representations and Warranties. After giving effect to this Amendment, the representations and warranties contained in each
Loan Document (other than any such representations or warranties that, by their terms, are specifically made as of a date other than the date hereof) are correct on and as of the date hereof as though made on and as of the date hereof. 

(d) Due Execution. The execution, delivery and performance of this Amendment are within the power of Borrower, have been duly
authorized by all necessary corporate action, have received all necessary governmental approval, if any, and do not contravene any law or any contractual restrictions binding on Borrower. 
 (e) No Default. No event has occurred and is continuing that constitutes a Default or an Event of Default. 
 6. Choice of Law. The validity of this Amendment, its construction, interpretation and enforcement, the rights of the parties hereunder, shall be
determined under, governed by, and construed in accordance with the internal laws of the State of New York governing contracts only to be performed in that State. 
 7. Counterparts. This Amendment may be executed in any number of counterparts and by different parties and separate counterparts, each of which when so executed and delivered, shall be deemed an original, and
all of which, when taken together, shall constitute one and the same instrument. Delivery of an executed counterpart 

  

 3 

 
of a signature page to this Amendment by telefacsimile or other similar method of electronic transmission shall be effective as delivery of a manually
executed counterpart of this Amendment. 
 8. Reference to and Effect on the Loan Documents. 
 (a) Upon and after the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereof” or words of like import referring to the
Credit Agreement, shall mean and be a reference to the Credit Agreement as modified and amended hereby. 
 (b) Except as
specifically amended above, the Credit Agreement and all other Loan Documents are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed and shall constitute the legal, valid, binding and enforceable
obligations of Borrower to the Lender Group. 
 (c) The execution, delivery and effectiveness of this Amendment shall not,
except as expressly provided herein, operate as a waiver of any right, power or remedy of the Agent and Lender Group under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 
 (d) To the extent that any terms and conditions in any of the Loan Documents shall contradict or be in conflict with any terms or
conditions of the Credit Agreement, after giving effect to this Amendment, such terms and conditions are hereby deemed modified or amended accordingly to reflect the terms and conditions of the Credit Agreement as modified or amended hereby.

 9. Ratification. Borrower hereby restates, ratifies and reaffirms each and every term and condition set forth in the Credit
Agreement, as amended hereby, and the Loan Documents effective as of the date hereof. 
 10. Estoppel. To induce Agent and Lender
Group to enter into this Amendment and to continue to make advances to Borrower under the Credit Agreement, Borrower hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in
favor of Borrower as against any member of the Lender Group with respect to the Obligations. 
 11. Integration. This Amendment,
together with the other Loan Documents, incorporates all negotiations of the parties hereto with respect to the subject matter hereof and is the final expression and agreement of the parties hereto with respect to the subject matter hereof.

 12. Severability. In case any provision in this Amendment shall be invalid, illegal or unenforceable, such provision shall be
severable from the remainder of this Amendment and the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above written. 
  

			
	 INFOCUS CORPORATION,
 an Oregon
corporation

		
	By:	 	/s/ Lisa K. Prentice
	Name:	 	Lisa K. Prentice
	Title:	 	Senior Vice President, Finance, Chief Financial Officer and Secretary
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Agent and a Lender
		
	By:	 	/s/ Norm Chinn
	Name:	 	Norm Chinn
	Title:	 	Vice President

  

 42008 Executive Incentive Compensation Program

 Exhibit 10.1 
 MONOTYPE IMAGING HOLDINGS INC. 
 2008 Executive Incentive Compensation Program 
 I. Overview 
 The compensation philosophy of Monotype Imaging is to pay competitive base salaries and to provide the
potential to significantly overachieve market average compensation through incentive compensation if performance of both the organization and the individual exceed expectations. Base compensation and total compensation targets are set based on area
market survey data. 
 II. Incentive Compensation Goals 
  

	 	•	 	 Provide significant compensation to Executives to exceed annual EBITDA targets. 

  

	 	•	 	 Provide incentive to Executives to achieve individual goals that have a direct relationship to Monotype Imaging’s organizational success.

  

	 	•	 	 Motivate exceptional performance at all organizational levels 

  

	 	•	 	 Pay for performance. No guarantees of bonus if performance does not warrant. 

  

	 	•	 	 Significant differentiation in bonus payments between less than expected performance and exceptional performance. 

 III. Eligibility 
  

	 	•	 	 Employees who, for purposes of compensation, are classified by the President and Chief Executive Officer or the Compensation Committee as “Executives” for
FY 2008, unless the Compensation Committee determines that any such Executive shall be eligible for incentive compensation under an alternative Company plan. 

  

	 	•	 	 Executives hired after January 1, 2008 will be prorated based on date of hire. 

  

	 	•	 	 An Executive must be employed by the Company on December 31, 2008 to be eligible to receive any incentive compensation payment under this plan.

 IV. Total Incentive Compensation Pool 
 The total incentive compensation pool available to Executives under this plan is based on the Company’s achievement of specific EBITDA targets established by the Board of Directors for 2008. At each
pre-determined EBITDA percentage achievement, an incentive compensation pool is established as follows: 
  

	 	•	 	 90 – 99.99% of EBITDA target = $450,000 

  

	 	•	 	 100 – 104.99% of EBITDA target = $900,000 

  

	 	•	 	 105% of EBITDA target = $1,200,000 

  

	 	•	 	 105.1% of EBITDA target and higher = $1,200,000 plus 18% of each incremental EBITDA dollar, capped at $1,500,000 

 Calculation of the incentive compensation pool at each level is based upon the number of Executives on the date this plan is approved by the Compensation Committee. If
the Compensation Committee determines that the total number of Executives participating in this plan increased during 2008, the Compensation Committee may, but is not required to, adjust the incentive compensation pool at any or all levels.

 V. Individual Incentive Compensation for Executives 
  

	 	•	 	 An Executive’s individual target incentive compensation is 40% of his or her base salary. 

  

	 	•	 	 An Executive’s actual incentive compensation can range from 0-60% of his or her base salary; provided that in the event the Company achieves 105.1% or more of
its EBITDA target, the incentive compensation that may be paid to an Executive is not capped. 

  

	 	•	 	 Actual incentive compensation payments to an Executive will depend on (i) the satisfaction of the Company’s EBITDA targets, (ii) the satisfaction of
the Executive’s individual pre-determined performance objectives, and (iii) the Executive’s overall performance during 2008. 

  

	 	•	 	 The satisfaction of the individual performance objectives of the President and Chief Executive Officer, and his overall performance in 2008, will be reviewed by the
Compensation Committee. 

  

	 	•	 	 The satisfaction of the individual performance objectives, and overall performance in 2008, of all other Executives will be reviewed by the President and Chief
Executive Officer, together with the Executive’s supervisor. 

	 	•	 	 All bonus recommendations will be made by the President and Chief Executive Officer to the Compensation Committee for approval. 

 VI. Payments 
 Payments will be made to Executives following approval of such
payments by the Compensation Committee and receipt by the Company of audited financial statements for the year ended December 31, 2008; provided, however, that such payments, if any, shall be made to Executives between January 1st and
March 15th of 2009. In the event that there is a subsequent change in the Company’s audited financial statements that impacts whether the bonus targets were satisfied, Executives will be required to repay to the Company any amount that was
paid based solely on the satisfaction of a bonus target that was not, after such change, satisfied. While the Compensation Committee shall have no discretion to determine whether or not the repayment obligations shall be enforced, the final amounts
to be repaid by each Executive shall be determined by the Compensation Committee. 
 VII. Plan Guidelines 
  

	 	•	 	 Total Executive incentive compensation pool is amount budgeted and accrued for plan year 2008. 

  

	 	•	 	 Organization must achieve 90% of EBITDA target in order for any incentive compensation to be paid under this plan. 

  

	 	•	 	 The Compensation Committee will make the final determination on all Executive bonus payments. 

  

	 	•	 	 Although it is the intent of the Company to continue this compensation plan through FY2008, any Monotype Imaging compensation plan may be changed, amended, modified
or terminated at the sole discretion of the Compensation Committee. 

  

	 	•	 	 No Monotype Imaging compensation plan represents a contract of employment, implied or otherwise.

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