Document:

Lease between RAFI (GP) Limited and Monotype Imaging Limited

 Exhibit 10.22 
 DATED 7th April 2005 
 RAFI (GB) LIMITED 
 and 
 MONOTYPE IMAGING LIMITED 
 LEASE 
 Unit 2, Perrywood Business
Park, Salfords, 
 Redhill, Surrey. RHI 5DZ 
 GH Law 
 22 Barclay Road, 
 Croydon, 
 CR0 1JN 
 Tel : 020 8680 5095 
 Fax: 020 8760 9544 
 Ref : RJ/24128/RAFI 

 THIS LEASE made the 7th day of April 2005 BETWEEN the parties described in Part I of the Schedule hereto. 
 WITNESSETH that in consideration of the rents hereinafter reserved and of the covenants and conditions hereinafter contained: 
  

	 1.
	 THE Lessor hereby demises unto the Lessee ALL THAT property described in Part II of the Schedule hereto TO HOLD unto the
Lessee for the term and at the rent set forth in Part III of the Schedule hereto such rent to be paid by Direct Debit (if required by the Lessor at any time) by equal monthly payments in advance on the first day of each month the first payment being
the proportionate part of the annual rent from the 7th day of April 2005 to the 6th day of April 2008 in each case the payment to be made without any deduction. 

  

	2.	THE Lessee hereby covenants with the Lessor as follows: 

 To pay rent

  

	 	(A)	To pay the rent hereby reserved (together with any Value Added Tax on the rent) at the times and in manner aforesaid clear of all deductions. 

 To pay rates 
  

	 	(B)	To bear pay and discharge all rates taxes duties charges assessments impositions and outgoings whatsoever including gas electricity water rates and the contribution attributable to
the premises payable to the Perrywood Business Park Maintenance Fund (whether parliamentary parochial local or any other description) which now are or may at any time hereafter be assessed charged imposed upon or payable in respect of the demised
premises or any part thereof or the owner or occupier in respect thereof. 

 To repair 
  

	 	 (C)
	 (i) Throughout the term to keep to repair uphold support maintain cleanse sustain amend, point and keep in no worse
repair than as evidenced by a Schedule of Condition dated 21st December 1994 on the said premises and any
additions thereto and the pavements, party and other walls, fences, vaults, sewers, drains, warehouses, pipes, pumps, and appurtenances thereof and all new buildings erected and Landlords fixtures therein (damage by fire and other risks that the
Landlord shall have insured, excepted, save where the insurance money shall be irrecoverable in whole or in part in consequence of the act or default of the Tenant). 

 PICTURE 
 SCHEME E 
  

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 Repair of Common Parts 
  

	 	(ii)	From time to time on demand by the Lessor to pay a fair share or proportion attributable to the demised premises of the cost of cleansing repairing renewing or maintaining any
private road yard forecourt or passageway and any drains channels sewers pipes conduits wires and cables used in common by the demised premises and any adjoining or neighbouring land or premises. Such share or proportion to be determined by the
Lessors Surveyors acting independently for the time being whose decision shall be final. Such proportion in case of default by the Lessee to be recoverable as a debt due from the Lessee together with interest them-on from the date of demand to the
date of payment by the Lessee. 

 To comply with notices 
  

	 	(iii)	The Lessee will comply with all statutory and other provisions and regulations for the time being in force relating to the demised premises or to the business carried on thereon
save for compliance with any requirements of a capital nature affecting the demised premises and observe or perform all relevant and lawful requirements of a competent authority required to be observed or performed by the Lessee or the occupier and
will without delay transmit to the Lessor a copy of any notice order direction requisition or other thing issued or given by such authority and affecting or likely to affect the demised premises or any part thereof whether the same be served
directly on the Lessee or upon any underlessees or any other person whatsoever. Where the notice is not served upon the Lessee who shall be unable to supply a copy it shall be sufficient if the Lessee informs the Lessor of such of the details of the
notice as are in the possession of the Lessee. If (subject as aforesaid) any such notices require the execution of any works which the Lessee fails to effect within the time specified by the notice or any extension thereof the Lessor may enter upon
the demised premises and execute such works and all expenses in so doing shall on the completion of the said works be a debt of the Lessee due on demand by the Lessor and recoverable as rent in arrear. 

 To paint 
  

	 	(D)	To paint with two coats of good quality paint in a proper and workmanlike manner all such parts of the outside wood iron and stucco or cement work of the demised premises and any
additions thereto: as have been previously painted in the last year of the said term whether the same shall expire by effluxion of time or be determined by notice or otherwise howsoever and to paint with two coats of good quality paint and in a like
manner all such parts of the inside of the demised premises as have been previously painted in the last year of the term hereby granted whether the same shall expire by effluxion of time or be determined by notice or otherwise howsoever and also
will at the same time with every inside painting whitewash colour grain and varnish all such parts of the inside of the demised premises as have previously been whitewashed coloured grained and varnished. 

  

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 To enter to inspect 
  

	 	(E)	To permit the Lessor and persons authorised by the Lessor with or without workmen and others at all reasonable times in the day time and upon appointment made (except in the case of
emergency) to enter upon the demised premises for the purpose of examining the state and condition thereof and in case any defect or want of reparation shall appear the Lessee shall and will upon notice thereof in writing being given to the Lessee
or left upon the demised premises cause the same to be repaired and amended within six calendar months next after the date of such notice AND if the Lessee shall not within three calendar months after the date of such notice commence well
substantially and sufficiently to repair and amend the same accordingly it shall be lawful for the Lessor to enter upon the demised premises and execute such repairs and works and the cost thereof shall be repayable by the Lessee to the Lessor on
demand and in default shall be recoverable as rent in arrear or in any other manner together with interest from the date of completion of the work to the date payment by the Lessee. 

 To enter to repair 
  

	 	(F)	To permit the Lessor and persons authorised by the Lessor with or without workmen in the day time upon reasonable notice given or at any time in case of emergency during the said
term to enter upon the demised premises or any part thereof for the purposes of repairing any adjoining or adjacent premises PROVIDED THAT as little inconvenience as is reasonably practicable is caused to the Lessee and his business and any damage
to the demised premises caused by the exercise of such right is made good as soon as reasonably practicable. 

 To offer for letting or sale

  

	 	(G)	To permit the Lessor and the Lessors agents upon appointment made to enter into and upon the demised premises or any part or parts thereof accompanied by and in order to show the
same to any person or persons who shall be interested in the purchase thereof (the names of all visitors being given to the Lessee prior to the appointment) or (during the last 6 months of the said term) shall wish to take a tenancy thereof And
shall also permit the Lessor to affix notices and notice boards upon any parts of the demised premises that the same or any part or parts thereof are to be sold or (during the last 6 months of the said term) are to be let and not to remove or to
interfere with such notices and notice boards. 

 User 
  

	 	(H)	Not to carry on or permit to be carried on upon the demised premises or any part thereof any offensive noisy noisome or dangerous trade business manufacture or occupation nor hold
or permit to be held any sale by auction on the demised premises nor permit the same to remain unoccupied for longer than 6 consecutive months nor use the same nor allow the same to be used for any trade business manufacture or occupation other than
set forth in Part IV of the Schedule hereto. 

  

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 Inflammable goods 
  

	 	(I)	Not to bring store or keep at any time on the demised premises any inflammable explosive or dangerous merchandise goods or materials and nor to permit or suffer to be permitted on
the demised premises anything which may cause or tend to cause any damage to the demised premises or which may be or tend to be or become a nuisance damage or substantial annoyance or inconvenience to the Lessor or to the occupiers of the adjoining
or neighbouring premises or the neighbourhood or which may render void or voidable the fire insurance policy on the demised premises or whereby any increased premium may become payable or as a result of which the insurance may not be renewed at
usual market rates if the demised premises or any neighbouring property shall be destroyed or damaged by any of the risks insured against by the Lessor under-the provision hereof and if the amount of any such insurance shall be wholly or partly
irrecoverable by reason of any act neglect default or omission of the Lessee or the Lessees tenants agents servants licensees or invitees or any one deriving title through under or in trust for or acting on behalf of them or any of them the Lessee
will forthwith on demand pay and make good to the Lessor all costs claims losses and other expenses whatsoever incurred paid or payable by the Lessor in connection with or consequent upon such destruction or damage to the demised premises and the
reinstatement thereof and making good thereof or such part or portion of such costs claims losses and other expenses as shall be irrecoverable as aforesaid. 

 No alterations 
  

					
	(J)	  	(i) 	  	Not to make any alterations or addition whatsoever in or to the demised premises or any part thereof or cut maim or injure any of the principal walls timbers or windows of the demised
premises or otherwise injure the same without the Lessor’s consent (such consent not to be unreasonably withheld).
			
		  	(ii)	  	If at any time during the term hereby created the Lessor amends this Lease to permit the Lessee to make any alteration or addition to the demised premises then (whether the Deed amending the
Lease expressly so provides or not) the Lessee will be deemed to have entered into a covenant as follows:

  

	 	(a)	to complete the said alterations and works with all reasonable speed; 

  

	 	(b)	to do all things necessary and make all payments required for obtaining any consents that may be necessary from any local or public authority for the said alterations and works
before beginning the same and to obtain such approvals of the works after the same shall have been completed; 

  

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	 	(c)	to pay the Lessor’s and surveyor’s reasonable costs of and in connection with the approval of the said alterations. 

 No goods outside 
  

	 	(K)	Not without the consent in writing of the Lessor (such consent not to be unreasonably withheld)’ to exhibit place or affix any goods or other articles outside or to the
exterior of the demised premises or exhibit or place any advertisement flag board bill or sign of any description outside or on the exterior of the demised premises or show any advertisement in the windows of the demised premises except
advertisements as shall be reasonably required to indicate the nature or extent of the Lessees business carried on within which may be exhibited without consent but subject to complying with the regulations of the Perrywood Business Park in respect
of any such advertisements or signs. 

 Alienation 
  

					
	(L)	  	(i) 	  	Not to hold on trust for another (save pursuant to a transaction permitted by and effected in accordance with the provisions of this lease) part with the possession of the whole or any part
of the Premises or permit another to occupy the whole or any part of the Premises.
			
		  	(ii) 	  	Not to assign or charge part only of the Premises.
			
		  	(iii)	  	Subject to Clauses (L)(iv) and (L)(v) not to assign the whole of the Premises or underlet the whole or any part of the Premises without the prior consent of the Landlord such consent not to
be unreasonably withheld.
			
		  	(iv)	  	If any of the following circumstances in this clause (which are specified for the purposes of the Landlord and Tenant Act 1927 Section 19(IA)) shall apply either at the date when
application for the licence to assign is made or after that date but before such licence is given the Landlord may’ withhold licence of this assignment and if after such licence has been given but before completion of the assignment any such
circumstances apply the Landlord may revoke such licence (whether such license is expressly subject to a condition as referred to in clause (L)(v)(d) or not):

  

	 	(a)	any sum due from the Tenant under this Lease remains unpaid; 

  

	 	(b)	in the opinion of the Expert (as defined in Clause (L)(vi)(a) below) there are any material outstanding breaches of any covenant relating to the state and condition of the premises
being either: 

  

	 	(i)	a Tenant’s covenant under this Lease; 

  

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	 	(ii)	a personal covenant undertaken by the Tenant making the application for the licence to assign; 

  

	 	(c)	subject to clause (L)(iv)(d) below in the Landlord’s reasonable opinion the assignee is not a person who is likely to be able both to comply with the Tenant covenants of this
Lease and to continue to be such a person following the assignment; 

  

	 	 (d)
	 in the case of an assignment to a company which is in the-same group (within the meaning of the Landlord and Tenant Act 1954 Section 42) as the Tenant in the Landlord’s reasonable opinion the assignee is a
person who is or may become less likely to be able to comply with the Tenant covenants of this Lease than the Tenant making the application for the Licence to assign (which likelihood is adjudged by reference in particular to the financial strength
of the Tenant aggregated with that of any Guarantor for that Tenant or the value of any other security for the performance of the Tenant covenants when assessed at the date of the grant or assignment of the Lease to that Tenant);

  

	 	(e)	the assignee or any Guarantor for the assignee (other than any Guarantor under an Authorised Guarantee Agreement) has the benefit of state or diplomatic immunity; and

  

	 	(f)	the assignee is a corporation registered in (or otherwise is resident in) a jurisdiction in which the Order of a Court obtained in England and Wales will not necessarily be enforced
without any consideration of the merits of the case. 

  

	 	(v)	The Landlord may impose any or all of the following conditions (which are specified for the purposes of the Landlord and Tenant Act 1927 Section 19(A)) on giving any licence
for an assignment by the Tenant of the whole of the Premises and any such licence shall be treated as being subject to each of the following conditions: 

  

	 	(a)	upon or before any assignment and before giving occupation to the assignee the Tenant making the application for the licence to assign shall covenant by way of indemnity and
guarantee with the Landlord in the terms of the Authorised Guarantee Agreement in the Fifth Schedule to this Lease; 

  

	 	(b)	if so reasonably required by the Landlord the assignee shall upon or before any assignment and before taking occupation obtain Guarantors reasonably acceptable to the Landlord who
shall covenant by way of indemnity and guarantee (if more than one jointly and severally) with the Landlord in the terms set out in the Fifth Schedule to this Lease or provide other acceptable security; 

  

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	 	(c)	any condition requiring remedial works proposed by the Expert (as defined in clause (L)(vi) below) pursuant to clause (L)(vi)(i); and 

  

	 	(d)	the licence of the Landlord contains a condition that if at any time prior to the assignment the circumstances (or any of them) specified in clause (L)(iv) apply the Landlord may
revoke the licence by written notice to the Tenant. 

  

	 	(vi)	In clauses (L)(iv)(b) and (L)(v)(c) the expert (the Expert”) means a qualified surveyor who: 

  

	 	(a)	has not less than 10 years experience of undertaking surveys and preparing Schedules Of Dilapidations for properties of a similar type age and construction of the Premises and in
the locality; 

  

	 	(b)	is independent of the Landlord and the Tenant and the assignee; 

  

	 	(c)	shall be appointed by agreement between the Landlord and the Tenant or in the absence of agreement within 7 days shall be. nominated by the President for the time being of the Royal
Institution of Chartered Surveyors on the application of the Landlord or the Tenant; 

  

	 	(d)	shall act as an expert; 

  

	 	(e)	The Expert shall inspect the Premises and shall invite written submissions from the Landlord and the Tenant; 

  

	 	(f)	the decision of the Expert shall be conclusive; 

  

	 	(g)	the fees and expenses of the Expert (including the costs of his appointment) shall be in his award or failing any express award shall be shared equally by the Landlord and the
Tenant but the Landlord and the Tenant shall otherwise bear their own costs; 

  

	 	(h)	A breach of the repairing covenants hereunder is material if a prudent and well-funded willing lessee taking a Lease or an assignment of the Premises on the same terms as this Lease
would be unlikely to permit the disrepair to continue; 

  

	 	(i)	In his award the Expert may specify work to remedy any material breach of covenant which the willing lessee referred to in clause (L)(vi)(h) would undertake and a period within
which such work is to be undertaken and propose a condition for the purposes of the Landlord and Tenant Act 1927 Section 19(1A) that upon or before taking and assignment and before taking occupation the assignee shall covenant with the Landlord
to undertake that work within that period; 

  

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	 	(j)	If the Expert shall die or delay or become unwilling or incapable of acting or if for any other reason the President for the time being of the Royal Institution of Chartered
Surveyors shall in his absolute discretion think fit then on the application of either the Landlord or the Tenant the Expert shall be discharged and if the Landlord or the Tenant shall so require another expert shall be appointed in his place.

  

	 	(vii)	Prior to any permitted assignment to procure that the assignee enters into direct covenants with the Landlord to perform and observe all the Tenant’s covenants and all other
provisions during the residue of the Contractual Term. 

  

	 	(viii)	On a permitted assignment to a limited company and if the Landlord shall require so to procure that at least one director of the company or some other guarantor or guarantors
acceptable to the Landlord enter into direct covenants with the Landlord in the form of the Guarantor’s covenants contained in this lease with “the Assignee” substituted for “the Tenant” or procure that other suitable
security is profferred. 

  

	 	(ix)	That each and every permitted underlease shall be granted without any fine or premium at a rent not less than the then open market rental value of the Premises to be approved by the
Landlord (such approval not to be unreasonably withheld or delayed) prior to any such underlease. Such rent being payable in advance on the days on which Rent is payable under this Lease and shall contain (so far as is lawful at the time) provisions
approved by the Landlord (such approval not to be unreasonably withheld or delayed). 

  

	 	(a)	for the upwards only review of the rent reserved by such underlease on the basis and on the dates on which the Rent is to be reviewed in this lease. 

  

	 	(b)	prohibiting the undertenant from doing or allowing any act or thing in relation to the underlet premises inconsistent with or in breach of the provisions of this lease.

  

	 	(c)	for re-entry by the underlandlord on breach of any covenant by the undertenant. 

  

	 	(d)	imposing an absolute prohibition against all dispositions of or other dealings whatever with the Premises other than an assignment underletting or charge of the whole.

  

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	 	(e)	prohibiting any assignment or underletting of the whole without the prior consent of the Landlord under this lease such consent not to be unreasonably withheld or delayed

  

	 	(f)	prohibiting the undertenant from permitting another to occupy the whole or any part of the Premises. 

  

	 	(g)	imposing in relation to any permitted assignment the same obligations for registration with the Landlord as are contained in this lease in relation to dispositions by the Tenant.

  

	 	(x)	to enforce the performance and observance by every such undertenant of the provisions of the underlease and not at any time either expressly or by implication to waive any breach of
the covenants or conditions on the part of any undertenant or assignee of any underlease not (without the consent of the Landlord such consent not to be unreasonably withheld or delayed) vary the terms of any permitted underlease.

  

	 	(xi)	Not at any time during the term to underlet any part of the Premises (as distinct from the whole) without having obtained and produced to the Landlord before the grant of such
underlease an order of the court authorising an agreement between the parties to such underlease excluding the operation of Sections 24 to 28 (inclusive) of the 1954 Act in relation to the tenancy created by such underlease.

  

	 	(xii)	In relation to any permitted underlease: 

  

	 	(a)	to ensure that the rent is reviewed in accordance with the terms of the underlease. 

  

	 	(b)	not to agree the reviewed rent with the undertenant without the approval of the Landlord. 

  

	 	(c)	to incorporate as part of submissions or representations to a third party such submissions or representations as the Landlord shall reasonably require provided that such submissions
are received by the Tenant in sufficient time for incorporation. 

  

	 	(d)	to give notice to the Landlord of the details of the determination of every rent review within 28 days of receipt of such determination provided that the Landlord’s approvals
specified above shall not be unreasonably withheld or delayed. 

  

	 	(xiii)	Notwithstanding clause (L)(i) the Tenant may share the occupation of the whole or any part of the Premises with a company which is a member of the same group as the Tenant (within
the meaning of Section 42 of the 1954 Act) for so long as both companies shall remain members of that group and otherwise than in a manner that transfers or creates a legal estate. 

  

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 Production of Assignments 
  

	 	(M)	Within one month of the date thereof to produce to the Lessor’s Solicitors every assignment underlease or other disposition or dealing affecting the demised premises (including
probates and Letters of Administration) and pay the Lessor’s’ Solicitors reasonable charge together with such value added tax as may be payable thereon for the registration of each document. 

 Advertisements 
  

	 	(N)	Not to affix to the demised premises erect thereon or otherwise exhibit thereon or on any part thereof or permit or suffer to be so affixed erected or exhibited any advertisement
within the meaning of the Town and Country Planning (Control of Advertisements) Regulations 1969 or any regulations replacing or amending the same unless such advertisement is affixed erected or exhibited with the consent in writing of the competent
authority and the consent in writing of the Lessor. Where such consents are given the Lessee shall at the Lessees own expense comply with all the conditions subject to which such consents or either of them are given and in all other respects comply
with all other statutory requirements and conditions orders regulations bye laws and requirements of the competent authority If a competent authority or the Lessor lawfully requires the removal of any such advertisements whether or not the same was
affixed erected or exhibited by the Lessee the Lessee shall remove the same and comply with all requirements of such authority and the lessor or either of them at the Lessees own expense and shall make good any damage resulting from such removal.

 Yielding up 
  

	 	(O)	To yield up the demised premises with the Landlord’s fixtures thereto at the determination of the term hereby created in repair and condition in accordance with the covenants
hereinbefore contained save any additions or equipment installed by the Lessee. 

 Planning Permissions 
  

					
	(P)	  	(i) 	  	In all respects to perform and observe all the provisions and requirements of Planning Law which expression shall mean the Town and Country Planning Act 1971 (as amended) and all subsequent
Town and Country Planning Acts or any statutory modification or re-enactment thereof and any regulation order direction or permission made or given thereunder or under any statutory modification or re-enactment thereof.
			
		  	(ii)	  	Not at any time during the said term without the previous consent in writing of the Lessor to erect or make or maintain or suffer to be erected made or maintained on the demised premises or
any part thereof any building erection or improvement or make or suffer to be made any material change or addition whatsoever in or to the buildings erected or to be hereafter erected thereon or on any part thereof or in or to the use of
the

  

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 demised premises or any part thereof. Provided that if the Lessor shall in the Lessor’s absolute
discretion give consent in writing for any building erection or improvement duly to apply to the local Planning Authority as defined by the planning Law for any necessary permission to erect make or maintain such building erection improvement
material change or addition and also to make such application in the name or on behalf of the Lessor and all other persons (if any) for the time being interested in the demised premises and to give to the Lessor notice of such permission if granted
within fourteen days of the receipt of the same from the said Planning Authority AND also at all times to indemnify and keep indemnified the Lessor and the Lessor’s estate and effects against all proceedings costs expenses claims and demands
whatsoever in respect of the said application. 
  

	 	(iii)	And also within seven days of the receipt of notice of the same by him to give full particulars to the Lessor of any notice or proposal for a notice or order or proposal for an
order made given or issued to the Lessee by the Planning Authority under or by virtue of the Planning law and if so required by the Lessor to produce such notice order or proposal for a notice or order to the Lessor and also without delay to take
all reasonable or necessary steps to comply with any such notice or order and also at the request of the Lessor and at the cost of the Lessor to make or join with the Lessor in making such objection or objections or representation or representations
against or in respect of any proposal for such notice or order as the Lessor in the Lessor’s absolute discretion shall deem expedient. 

  

	 	(iv)	Not to do or omit or suffer to be done omitted any act matter or thing in on or respecting the demised premises required to be omitted or done (as the case may be) by the Planning
Law or which shall contravene the provisions thereof AND at all times hereafter to indemnify and keep indemnified the lessor against all actions proceedings costs expenses claims and demands in respect of any such act matter or thing contravening
the said provisions of the Planning law. 

  

	 	(v)	To produce to the Lessor or the Lessor’s Surveyors upon demand all such evidence as the Lessor may require in order to be satisfied that the provisions of this covenant have
been complied with 

 Section 146 Notices 
  

	 	(Q)	To pay all costs charges and expenses (including solicitors’ costs and surveyors’ fees) incurred by the Lessor in respect of: 

  

	 	(i)	 for the purpose or in contemplation of or incidental to the preparation or service of a Notice under Section 146 or 147 of the Law of Property Act 1925 or any
consolidating or re-enacting statute requiring the Lessee to 

  

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remedy a breach of any of the covenants hereinbefore contained notwithstanding forfeiture for such breach shall be avoided otherwise than by relief granted
by the Court and in connection with every application for any consent made under this Lease whether such consent is granted or not (unless held by Court Order to have been unreasonably withheld). 

  

	 	(ii)	In or incidental to the service of all notices and schedules relating to wants of repair of the Premise whether the same be served during or after the expiration or sooner
determination of the term hereby granted (but relating in all cases to such wants of repair that accrued not later than the expiration or sooner determination of the said term as aforesaid. 

  

	 	(R)	To observe and perform the covenants set out in the 3rd Schedule to a Transfer dated the 21st December 1989 made between Perrywood Park Limited of the one part and the landlord of
the other part referred to in entry No. 4 of the Charges Register of the Landlords Freehold Title to the Property Register at H.M. Land Registry under Title No. SY604180 so far as they relate to and affect the demised premises.

 Proviso for re-entry 
  

					
	3.	  	(A) 	  	PROVIDED that if the said yearly rent hereby reserved or any part thereof shall be in arrear for at least 14 days next after any of the days upon which the same ought to be paid as aforesaid
whether the same shall have been legally demanded or not or if there shall be any breach or non-observance of any of the covenants by the Lessee hereinbefore contained or if the Lessee (not being a Company) shall become bankrupt or make any
arrangement or composition with the Lessees creditors or (being a Company) a Receiver shall be appointed or the Company shall enter into liquidation whether compulsory or voluntary (except a voluntary liquidation of a solvent company for the purpose
of reconstruction.) or if the Lessee shall enter into any arrangement or composition with the Lessees creditors or shall suffer any distress or execution to be levied on the Lessees goods then and in any such case the Lessor may at any time
thereafter enter into and upon the demised premises or any part thereof in the name of the whole re-enter and the same have again repossess and enjoy as in the Lessor’s former estate.

 Interest on rent in arrear 
  

	 	(B)	 PROVIDED that if the said yearly rent hereby reserved or any part thereof shall be in arrears for at least 14 days next after any of the days upon which the same
ought to be paid as aforesaid whether the same shall have been legally demanded or not the amount thereof or the balance for the time being unpaid shall (without prejudice to the Lessor’s right of re-entry hereinbefore contained or any other
right or remedy of the Lessor) as from the expiration of the said period of 14 days and until such rents or other moneys as aforesaid or the balance thereof remaining unpaid shall have been paid bear and carry interest thereon (as well after as
before any judgment) at the rate of four per cent per annum over the 

  

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base; rate of the National Westminster Bank Plc (“the Interest Rate”) on the date when the rent became due an payable and the Lessee accordingly
HEREBY COVENANTS with the Lessor that in such circumstances and during such period or periods as aforesaid that the Lessee will pay to the Lessor in addition to the said yearly rent or any other moneys as aforesaid or the balance for the time being
unpaid interest thereon at the rate aforesaid. 

 Quiet enjoyment 
  

	4.	THE Lessor hereby covenants with the Lessee that the Lessee paying the rent hereby reserved and performing and observing the covenants and conditions herein contained and on the
Lessees part to be performed and observed shall and may peaceably and quietly possess and enjoy the demised premises during the term hereby granted without any lawful interruption or disturbance by the Lessor or any person lawfully claiming through
under or in trust for the Lessor. 

 Insurance 
  

					
	5.	  	(A)	  	IN this clause “Insured risks” means fire lightning explosion aircraft damage (including articles dropped from aircraft) riot civil commotion malicious persons hail earthquake storm
tempest earth lowering landslip snow pressure avalanche and such other risks as the Lessor from time to time in their reasonable discretion think fit to ensure against and “the Insurance Rent” means the sums which the Lessor shall from
time to time pay by way of premium for insuring the demised premises in accordance with their obligations in this Lease and for insuring in such amount and on such terms as shall be reasonable against all liability of the Lessor to third parties
arising out of or in connection with any matter including or relating to the demised premises.

  

	 	(B)	The Lessor covenants with the Lessee to insure the demised premises unless such insurance shall be vitiated by any act of the Lessee or by anyone at the demised premises expressly
or by implication’ with the Lessee’s authority and under the Lessee’s control. 

  

	 	(C)	Insurance shall be effected: 

  

	 	(i)	in such insurance office or with such underwriters and through such agency as the Lessor may from time to time decide. 

  

	 	(ii)	for the following sums: 

  

	 	(a)	such sum as the Lessor shall from time to time reasonably be advised as being the full cost of rebuilding and reinstatement including architects’ surveyors’ and other
professional fees payable upon any applications for planning permission or other permits or consents that may be required in relation to the rebuilding or reinstatement of the demised premises the cost of debris removal demolition site clearance any
works that may be required by statute and incidental expenses and 

  

 14 

	 	(b)	the loss of rent payable under this Lease for 3 years or such longer period as the Lessor may from time to time reasonably or deem to be necessary for the purposes of the planning
and carrying out the rebuilding or reinstatement. 

  

	 	(iii)	against damage or destruction by the Insured Risks to the extent that such insurance may ordinarily be arranged for properties such as the demised premises with an insurer of repute
and subject to such excesses exclusions or limitations as the insurer may require. 

  

	 	(D)	The Lessee shall pay the Insurance Rent for the period from and including the date of commencement of the term hereby demised to the day before the next policy renewal date and
subsequently the Lessee shall pay the Insurance Rent on demand and (if so demanded) in advance of the policy renewal date. 

  

	 	(E)	If and whenever during the term: 

  

						
	(i)	  	(a	)	 	the demised premises or any part of them are damaged or, destroyed by any of the insured risks except one against which insurance may not ordinarily be arranged with an insurer of repute for
properties such as the demised premises unless the Lessor has in fact insured against that risk so that the demised premises or any part of them are unfit for occupation or use and
			
		  	(b	)	 	payment of the insurance money is not refused in whole or in part by reason of any act or default of the lessee or anyone . at the demised premises expressly or by implication with the
Lessee’s authority and under the Lessee’s control the provisions of clause 5(E)(ii) shall have effect.

  

	 	(ii)	When the circumstances contemplated in clause 5(E)(i) arise the rent or a fair proportion of the rent according to the nature and the extent of the damage sustained shall cease to
be payable until the demised premises or the affected part shall have been rebuilt or reinstated so that the demised premises or the affected part are made fit for occupation or use or until the expiration of 2 years from the destruction or damage
whichever period is the shorter any dispute as to such proportion or the period during which the rent shall cease to be payable to be determined in accordance with the Arbitration Acts 1950 to 1979 by an arbitrator to be appointed by agreement
between the parties or in default by the President for the time being of the Royal Institution of Chartered Surveyors upon the application of either party. 

  

 15 

					
	(F)	  	(i)	  	If and whenever during the term:

  

	 	(a)	the demised premises or any part of them are damaged or destroyed by any of the insured risks except one against which insurance may not ordinarily be arranged with an insurer of
repute for properties such as the demised premises unless the Lessor has in fact insured against that risk and 

  

	 	(b)	the payment of the insurance money is not refused in whole or in part by reason of any act or default of the Lessee or anyone at the demised premises expressly or by implication
with the Lessee’s authority and under the Lessee’s control the Lessor shall use their reasonable endeavours to obtain all planning permissions or other permits and consents that may be required under the Planning Acts or other statutes (if
any) to enable the Lessor to rebuild and reinstate. 

  

	 	(ii)	Subject to the provisions of clauses 5(F)(iii) and (iv) the Lessor shall as soon as the permissions have been obtained or immediately where no permissions are required apply
all money received in respect of such insurance (except sums in respect of loss of rent) in rebuilding or reinstating the demised premises so destroyed or damaged. 

  

	 	(iii)	For the purposes of this clause the expression ‘Supervening Events’ means 

  

	 	(a)	the Lessor has failed despite using their reasonable endeavours to obtain the Permissions. 

  

	 	(b)	any of the Permissions have been granted subject to a lawful condition with which in all the circumstances it would be unreasonable to expect the Lessor to comply.

  

	 	(c)	some defect or deficiency in the site upon which the rebuilding or reinstatement is to take place would mean that the same could only be undertaken at a cost that would be
unreasonable in all the circumstances. 

  

	 	(d)	the Lessor is unable to obtain access to the site for the purposes of rebuilding or reinstating. 

  

	 	(e)	the rebuilding or reinstating is prevented by war act of God Government action strike lock-out or. 

  

	 	(f)	any other circumstances beyond the control of the Lessor. 

  

	 	(iv)	The Lessor shall not be liable to rebuild or reinstate the demised premises if and for so long as such rebuilding or reinstating is prevented by Supervening Events.

  

 16 

	 	(v)	If upon the expiry of a period of 2 years commencing on the date of the damage or destruction the demised premises have not been rebuilt or reinstated so as to be fit for the
Lessee’s occupation and use either party may by notice served at any time within 6 months of the expiry of such period invoke the provisions of clause 5(F)(vi). 

  

	 	(vi)	Upon service of a notice in accordance with clause 5 (F) v): 

  

	 	(a)	the term will absolutely cease but without prejudice to any rights or remedies that may have accrued to either party against the other including (with prejudice to the generality of
the above) any right that the Lessee might have against the Lessor for a breach of the Lessor’s covenants set out in clauses 5(F)(i) and (ii). 

  

	 	(b)	(b) all money received in respect of the insurance effected by the Lessor pursuant to this clause shall belong beneficially to the Lessor. 

  

	 	(G)	The Lessee covenants with the Lessor: 

  

	 	(i)	to comply with all the requirements of the insurers in so far as it is aware of such requirements. 

  

	 	(ii)	not to knowingly do or omit anything that could cause any policy of insurance on or in relation to the demised premises to become void or voidable wholly or in part not (unless the
Lessee shall have previously notified the Lessor and have agreed to pay the increased premium) anything by which additional insurance premiums may become payable. 

  

	 	(iii)	to keep the demised premises supplied with such fire fighting equipment as the insurers and the fire authority may require and to maintain such equipment to their satisfaction and
in efficient working order and at least once in every 6 months to cause any sprinkler system and other fire fighting equipment to be inspected by a competent person. 

  

	 	(iv)	not to obstruct the access to any fire equipment or the means of escape from the demised premises nor to lock any fire door while the demised premises are occupied.

  

	 	(v)	to give notice to the Lessor immediately upon the happening of any event which might affect any insurance policy on or relating to the demised premises or upon the happening of any
event against which the Lessor may have insured under this Lease. 

  

	 	(vi)	immediately to inform the Lessor in writing of any conviction judgement or finding of any court or tribunal relating to the Lessee (or any director other officer or major
shareholder of the Lessee) of such a nature as to be likely to affect the decision of any insurer or underwriter to grant or to continue any such insurance. 

  

 17 

	 	(vii)	if at any time the Lessee shall be entitled to the benefit of any insurance on the demised premises (which is not effected or maintained in pursuance of any obligation contained in
this Lease) to apply all money received by virtue of such insurance in making good the loss or damage in respect of which such money shall have been received. 

  

	 	(viii)	if and whenever during the term the demised premises or any part of them are damaged or destroyed by an insured risk and the insurance money under the policy of insurance effected
by the Lessor pursuant to their obligations contained in this Lease is by reason of any act or default of the Lessee or anyone at the demised premises expressly or by implication with the Lessee’s authority and under the Lessee’s control
wholly or partially irrecoverable immediately in every such case (at the option of the Lessor) either: 

  

	 	(a)	to rebuild and reinstate at its own expense the demised premises or the part destroyed or damaged to the reasonable satisfaction and under the supervision of the Lessor’s
surveyor the Lessee being allowed towards the expenses of so doing upon such rebuilding and reinstatement being completed the amount (if any) actually received in respect of such destruction or damage under any such insurance policy or

  

	 	(b)	to pay to the Lessor on demand with interest the amount of such insurance money so irrecoverable in which event the provisions of clauses 5(E) and 5(F) shall apply.

  

	 	(H)	The Lessor covenants with the Lessee in relation to the policy of insurance effected by the Lessor pursuant to its obligations contained in this Lease: 

  

	 	(i)	to produce to the Lessee on demand reasonable evidence of the terms of the policy and the fact that the last premium has been paid. 

  

	 	(ii)	to procure that the interest of the Lessee is noted or endorsed on the policy. 

  

	 	(iii)	to notify the Lessee of any material change in the risks covered by the policy from time to time. 

 Acceptance of rent no waiver 
  

	6.	 NEITHER a demand for nor acceptance of or receipt for rent by the Lessor whether or not knowledge or notice has been received by the Lessor or the Lessor’s
agents of any breach of any of the Lessees covenants hereunder shall be or operate as a waiver wholly or partially of any such breach but that any such breach shall for all the purposes of these 

  

 18 

	 	 
presents be a continuing breach of covenant so long as such breach shall be subsisting and that no person taking any estate or interest under the Lessee
shall be entitled to set up any such acceptance of or receipt for rent by the Lessor as a defence in any action or proceeding by the Lessor. 

 Service of notices 
  

	7.	ANY notice under this Lease shall be in writing Any notice to the Lessee shall be sufficiently served if left addressed to the Lessee at the demised premises or sent to the Lessee
by post or left at the Lessees last known address in Great Britain and any notice to the Lessor shall be sufficiently served if delivered to the Lessor personally or sent to the lessor by post or left at the Lessor’s last known address in Great
Britain. 

  

	8.	IN this Lease where the context so admits: 

  

	 	(A)	the terms “the Lessor” and “the Lessee” include where the context so admits their successor or successors in title. 

  

	 	(B)	the words importing the singular number only include the plural number and vice versa as and when the context and the circumstances permit. 

  

	 	(C)	where any covenant. included in this document falls to be complied with by two or more persons the covenant shall be deemed to be the responsibility of such persons jointly and
severally. 

  

	9.	ALL sums payable under or in connection with this lease in respect of rent or any other monies payable or taxable supplies received by the Lessee shall be deemed to be exclusive of
Value Added Tax (or any similar tax which shall replace Value Added Tax) which may be chargeable thereon (but without any obligation upon the Lessor to exercise any election to waive exemption in respect of such tax) and upon the production by the
Lessor to the Lessee of an invoice appropriate to that tax the Lessee shall pay and indemnify the Lessor in respect of such tax in addition to those sums and the Lessor shall have the same remedies for non-payment of the tax as if the tax were part
of the rent or other such moneys or supply. 

  

	10.	THE marginal notes are included to provide for easier reference but do not form part of this Lease. 

  

	11.	EXCLUSION OF 1954 ACT 

 The Landlord and Tenant
acknowledge that: 
  

	 	 (i)
	 the Landlord has served a Notice dated the 7th February 2005 on the Tenant as required by Section 38 a(3)(a) of the 1 54 Act and which applied to the tenancy created by this Lease.

  

 19 

	 	 (ii)
	 Timothy Fraser who is duly authorized by the Tenant to do so made a declaration dated 3rd March 2005 in accordance with the requirements of Section 38A(3)(b) of the 1954 Act a copy of which Declaration is
annexed to this Lease. 

  

	 	(iii)	the parties agree that the provisions of Sections 24-28 of the 1954 Act are excluded in relation to the tenancy created by this Lease. 

  

	12.	VALUE ADDED TAX 

 All sums payable by the Tenant
hereunder which are from time to time subject to Value Added Tax shall be considered to be tax exclusive sums and Value Added Tax at the appropriate rate from time to time shall be payable by the Tenant in addition thereto 
  

	13.	CERTIFICATES 

 This is a new lease for the purposes
of the Landlord and Tenant Covenants Act 1995. 
 IN WITNESS whereof the parties hereto have executed this document as a Deed the day and
year first before written. 
  

 20 

 THE SCHEDULE hereinbefore referred to 
 PART I 
 (The parties between whom this Lease is made) 
 1. RAFI (GB) LIMITED whose registered office is situate at I Perrywood Business Park Honeycrock Lane Salfords Redhill Surrey RHI 5JP (who in this Lease
are called “the Lessor”). 
 2. MONOTYPE IMAGING LIMITED (whose registered office is at Unit 2 Perrywood Business Park Salfords
Redhill Surrey RHI 5DZ (who in this Lease are called “the Lessee”). 
 PART II 
 (the demised premises) 
 ALL THAT piece or parcel of
land situate at Unit 2 Perrywood Business Park .Salfords Redhill Surrey together with the premises erected thereon and known as Unit 2 Perrywood Business Park aforesaid as shown edged red on the annexed plan together with (so far as the Lessor can
legally grant the same) The benefit of the rights granted to the Lessor in the First Schedule to a Transfer dated 21.12.89 and made between Perrywood Park Limited of the one part and the Lessor of the other part referred to in the Property Register
of the Lessor’s freehold title registered at H.M. Land Registry under Title Number SY604180 and Except and Reserving unto the Lessor all rights easements quasi easements and privileges and quasi privileges now belonging to and enjoyed by (in
the case of the grant thereof) the Lessee or (in the case of the exception and reservation) any adjoining or neighbouring property buildings or erections or would so belong or be enjoyed if such adjoining or neighbouring property buildings or
erections and the demised premises were in separate ownership TOGETHER ALSO with the right of support and protection for the benefit of the disused premises as is now enjoyed from all other parts of the Lessor’s adjoining properties.

 PART III 
 (the term
for and rent at which the property is leased) 
 The yearly rent of £60,000 (sixty thousand
pounds) per annum. The term of 3 years from April 7th, 2005. 
 PART IV 
 (use to which the premises
may be put) 
 Not to use the demised premises except for any purpose or purposes under Class B.I. of the Town & Country
Planning (Use Classes) Order 1987 as amend. 
 PART V 
 Authorised Guarantee Agreement 
 “THIS GUARANTEE is made the ________ day of __________________
BETWEEN (1) ________________________ (“the Guarantor”) and (2) _____________________ (“the Landlord”). 
  

 21 

 NOW IT IS AGREED AS FOLLOWS: 
 1. Definitions and interpretation. 
 In this
Guarantee the following expressions shall (where the context permits) have the following meanings respectively: 
 1.1 the
“Assignee” means [insert name]. 
 1.2 the “Lease” means the [insert full description of Lease including
all parties and whether it is as varied). 
 1.3 the “Premises” means the premises demised by the Lease. 

1.4 the “Liability Period” means the period during which the Assignee is bound by the Tenant covenants of the Lease.

 1.5 the expressions “Authorised Guarantee Agreement” and “Tenant covenants” shall have the same meaning
in this Guarantee as in the Landlord and Tenant (Covenants) Act 1995 Section 28(1). 
 2. Recitals 
 2.1 By clause 5.9.3 of the Lease the Landlord’s consent is required to the assignment of the Lease. 
 2.2 The Landlord has agreed to give consent to the assignment to the Assignee on condition that the Guarantor enters into this Guarantee.

 2.3 This Guarantee takes effect only when the Lease is assigned to the Assignee. 
 3. In consideration of the Landlord’s consent to the assignment the Guarantor covenants with the Landlord and without the need for any express
assignment with all [its] successors in title that: 
 3.1 To pay observe and perform 
 The Assignee shall punctually pay the rents and observe and perform the covenants and other terms of the Lease throughout the Liability Period and if at
any time during the Liability Period the Assignee shall make any default in payment of the rents or in observing or performing any of the covenants or other terms of the Lease the Guarantor will pay the rents and observe or perform the covenant or
terms in respect of which the Assignee shall be in default and make good to the Landlord on demand and indemnify the Landlord against all losses damages costs and expenses arising or incurred by the Landlord as a result of such non-payment
non-performance or non-observance notwithstanding: 
  

 22 

 3.1.1 any time or indulgence granted by the Landlord to the Assignee or any negligence or
forbearance of the Landlord in enforcing the payment of the rents or the observance or performance of the covenants or other terms of the Lease or any refusal by the Landlord to accept rents tendered by or on behalf of the Assignee at a time when
the Landlord was entitled (or would after the service of a notice under the Law of Property Act 1925 Section 146 have been entitled) to re-enter the Premises. 
 3.1.2 that the terms of the Lease may have been varied by agreement between the parties (but so that the Landlord shall notify the
Guarantor of any such proposed variations including any rent review). 
 3.1.3 that the Assignee shall have surrendered part
of the Premises in which event the liability of the Guarantor under the Lease shall continue in respect of the part of the Premises not surrendered after making any necessary apportionments under the Law of Property Act Section 140. 

3.1.4 any other act or thing by which but for this provision the Guarantor would have been released. 
 3.2 To take the Lease following disclaimer 
 If during the Liability Period the Assignee (being an individual) shall become bankrupt or (being a company) shall enter into liquidation and the Trustee in Bankruptcy or Liquidator shall disclaim the Lease or if the
Tenant (being a company) shall be dissolved and the Crown shall disclaim the Lease, or if the Lease shall be forfeited under the provisions in that behalf therein contained the Guarantor shall if the Landlord shall by notice within 3 months after
such disclaimer or forfeiture so require take from the Landlord a Lease of the Premises for the residue of the contractual term of the Lease which would have remained had there been no disclaimer at the rent then being paid under the Lease and
subject to the same covenants and terms as in the Lease (except that the Guarantor shall not be required to procure that any other person is made a party to that Lease as Guarantor) such new Lease to take effect from the date of such disclaimer and
in such case the Guarantor shall pay the costs of such new Lease and execute and deliver to the Landlord a counterpart of it. 
 3.3 To make payments following disclaimer 
 If during the Liability Period the Lease shall be disclaimed and for any reason the
Landlord does not require the Guarantor to accept a new Lease of the Premises in accordance with clause 3.2 above the Guarantor shall pay to the Landlord on demand an amount equal to the rents for the period commencing with the date of such
disclaimer and ending on whichever is the earlier of the following dates: 
 3.3.1 the date 3 months after such disclaimer and

 3.3.2 the date (if any) upon which the Premises are re-let. 
  

 23 

 IN WITNESS whereof the parties hereto have set their hands the day and year first before written.

 EXECUTED as a DEED by                 ) 
 RAFI (GB)
LTD.                                  ) 
 acting
by:                                        
      ) 
  

			
		
	Signature 	 	/s/ Brian Blunden
		 	Director
		 	Name: Brian Blunden

  

			
		
	Signature 	 	/s/ Gerhard Schenk
		 	Director/Secretary
		 	Name: Gerhard Schenk

 EXECUTED as a DEED by
                ) 
 MONOTYPE IMAGING
LTD.           ) 
 acting by:
                                        
     ) 
  

			
		
	Signature 	 	/s/ Timothy Fraser
		 	Director
		 	Name: Timothy Fraser

  

			
		
	Signature 	 	  
		 	Director/Secretary
		 	Name:

  

 24Purchase Agreement for the Sale of Shares in Linotype GmbH

 Exhibit 10.31 
 [stamp] Copy 
 [emblem] 
 Document 
 of 
 Notary 
 Gerhard Sperker 
 Heidelberg Notarial Office 
 Vangerowstrasse 18 - 20 - 69115 Heidelberg

 Telephone 0 62 21 / 59 14 91 - 14 90 
 6 document roll no. 1444 / 2006 
 Heidelberg Notarial Office 6 Vangerowstrasse 18 - 69115 Heidelberg 
 To: 
 Dr. Justus Binder 
 Attorney at law 
 c/o SJ Berwin LLP 
 Maria-Theresia-Str. 5 
 81675 Munich

 6 doc. roll 1444 /06 
 Recorded in Heidelberg at the Seller’s headquarters, 
 Kurfürsten-Anlage 52-60, 69115 Heidelberg,

 where the undersigned notary had gone pursuant to an express request, 
 on August 1, 2006 
 8/1/2006 
 Before me, 
 Justice Counsel S p e r k e r, 
 notary in Heidelberg 
 - Heidelberg Notarial
Office 6 - 
 appeared today Dr. Binder, identified by photo ID, also known personally and fully competent: 
  

	 	1.	Dr. Christoph Steimel, business address Kurfürsten-Anlage 52-60, 69115 Heidelberg, personally known; 

  

	 	2.	Dr. Markus R. Ackermann, business address, Vangerowstrasse 16/1, 69115 Heidelberg, personally known; 

  

	 	3.	Dr. Julius Binder, business address Maria-Theresia-Strasse 5, 81675 Munich, identified by means of submission of his valid personal ID no. 8351093340. 

Persons appearing nos. 1 and 2 declared that they are hereinafter acting not in their own names, but in the name of 
 Heidelberger Druckmaschinen Aktiengesellschaft, Kurfürsten-Anlage 52-60, 69115 Heidelberg 
 (hereinafter referred to as the “Seller”) on the basis of a power of attorney dated July 20, 2006 (document of notary Justice Counsel Gerhard Sperker, 6 doc. roll 1380/2006), which was submitted in the
original and placed in the document. On the basis of today’s inspection of the Commercial Register of the Mannheim Municipal Court, the notary confirms that the firm of Heidelberger Druckmaschinen Aktiengesellschaft is registered under HRB
330004. 
 Person appearing no. 3 declared that he is hereinafter acting not in his own name, but, under exclusion of any and all personal liability, in the
name of 
 Blitz 06-683 GmbH, Du-Pont-Strasse 1, 61352 Bad Homburg v. d. Höhe, 
 registered in the Commercial Register of the Munich Municipal Court under HR B 163 177 (in future: “Monotype Imaging Germany GmbH,” domiciled in Bad Homburg) (hereinafter referred to as the
“Purchaser”), on the basis of a power of attorney dated 7/27/2006, which was submitted in the original and placed in the document in the form of a certified copy. 
 As proof of representative authority, the undersigned notary certifies 
 on the basis of inspection of the Commercial
Register for the Munich Municipal Court - HRB 163177 - on today’s date [handwritten] 7/31/2006 [signature] that the firm of Blitz 06-683 GmbH, domiciled in Munich, is registered there, and on the basis of the record of
notarial assessor Dr. David König, Munich - doc. roll no. 4457/2006 - concerning a general meeting of shareholders of Blitz 06-683 GmbH of 7/26/2006, which is available to me in the form of a 

  

 2 

 
certified cop, that Robert M. Givens, who signed the power of attorney dated 7/27/2006, has been appointed as general manager of Blitz 06-683 GmbH with
individual representative authority and exemption from the restrictions of § 181 BGB [German Civil Code]. The general manager appointment became immediately effective according to the aforementioned document. Registration in the Commercial
Register has not yet taken place. 
 Person appearing no. 3 further declared that he is acting not in his own name, but, under exclusion of any and all
personal liability, also in the name of 
 Monotype Imaging Holdings Corp., 500 Unicorn Park Drive, 2nd floor, Woburn, MA 01801, USA 
 (hereinafter referred to as “Monotype Holdings”) on the basis of a power of attorney dated 7/27/2006, which was submitted in the original and placed in the document in the form of a certified copy. 
 As proof of representative authority, the following were submitted in copy form or in the original and placed in the document in the form of a certified copy:

 The “Certificate of Incorporation” issued by the Secretary of State of the State of Delaware and the “Certificate of Good Standing”
dated 7/24/2006 relating to Monotype Imaging Holdings Corp., as well as the resolution of the Board of Directors of the aforementioned corporation with the Secretary’s Certificate dated 7/28/2006 relating to the power of attorney to conclude
the share purchase contract. 
 The persons appearing hereby declare for public recording the following 
 I. Share purchase contract 
 Acting as stated, the
persons appearing then concluded the share purchase contract attached as Appendix A. 
 II. Instructions by the notary 
 The notary instructed the persons appearing 
 that, when shares in a GmbH
[limited liability corporation] are sold, only the party whose purchase has been announced to the corporation, along with proof of transfer of ownership, is deemed to be the purchaser in relation to the corporation; the parties shall personally
undertake the notification to the corporation in accordance with § 16 GmbHG [Limited Liability Corporation Act]; 
 that the pre-notification legal acts
concerning the corporate relationship undertaken by the corporation vis à vis the Seller or by the Seller vis à vis the corporation shall be applicable to the purchaser; 
 the purchaser is liable along with the Seller for the outstanding payments toward the share at the time of registration. 
 The notary further pointed out that, if real property exists, the accumulation of all shares in the hands of the Purchaser or companies affiliated with the Purchaser is subject to real property transfer tax and pointed out the possibility
of accrual of taxes in the event of private or company sales transactions. 
 The parties declared that the corporation’s assets do not include any real
property. 
 He further pointed out that the bona fide purchase or bona fide encumbrance-free purchase of shares of a GmbH [limited liability
corporation] is not possible, i.e., the purchaser is dependent upon the correctness and completeness of the Seller’s statements. 
  

 3 

 III. Distribution list 
 Notification of the assignment to the Bad Homburg Municipal Court - Register Court 
 Certified copies to 
 Bad Homburg Tax Office 
 the Purchaser and Monotype Holdings, 2x 

the Seller, 3x 
 the corporation, for notification, c/o the Purchaser.

 The read the foregoing record, including Appendices A, 3.1 and 10, aloud to the persons appearing; the oral reading of Appendices I.1 - I.3, II, parts 1
and 2, 5.3, 7.1 g), 7.1 h) (i), 7.2 h) (ii), 7.1 q) and 7.1 t) was waived; these appendices were presented to the parties for acknowledgment and signed by them; approved by them and then personally signed as follows by them and the notary:

  

			
		
	[signature]	 	
		
	[signature]	 	
		
	[signature]	 	
		 	 [signature]
 Notary

 (20 pages) 
 Appendix A to 
 Document 1444 / 2006 of 
 Notary Justice Counsel Gerhard Sperker 
 Heidelberg, 
 - Heidelberg 6 Notarial Office - 
 [signature] 
 Notary 
 8/1/2006 
 Purchase contract 
 concerning the sale of shares in 
 Linotype GmbH 
 dated August 1,
2006 
 between 
 Heidelberg Druckmaschinen
Aktiengesellschaft 
 Kurfürsten-Anlage 52-60 
 69115
Heidelberg 
 - hereinafter referred to as the “Seller” - 
 Blitz 06-683 GmbH 
 (in future: “Monotype Imaging Germany GmbH”) 
 Du-Pont-Strasse 1 
 61352 Bad Homburg v. d. H. 
 - hereinafter referred to as the “Purchaser” - 
 and

  

 1 

 Monotype Imaging Holdings Corp. 
 500 Unicorn Park Drive, 2nd floor 
 Woburn, MA 01801 
 U.S.A.

 - hereinafter referred to as “Monotype Holdings” - 
 Preliminary remark 
 The Seller is the sole shareholder of Linotype GmbH, which is registered in Section B of the
Commercial Register of the Bad Homburg v. d. Höhe Municipal Court under Commercial Register number 6196 and has its principal place of business in Bad Homburg v. d. Höhe (hereinafter referred to as the “Corporation”). 

“Industrial Proprietary Rights” within the meaning of this contract describe all industrial proprietary rights, particularly trademarks, design patents, use
rights to copyrights for typeface types and use rights to software (in each case, regardless of whether or not they are registered). 
 The Corporation uses
a number of Industrial Proprietary Rights for its business operation. 
 To the extent that said Industrial Property rights are registered in a register or
an application has been made for registration in a register, the Seller is registered as their holder or, as the case may be, is listed as their holder on the application; economic ownership thereto breaks down as follows: 
  

	a)	The Seller holds a portion of said Industrial Proprietary rights as a trustee for the Corporation; specifically, the Corporation is entitled to economic ownership thereof on the
basis of a trust agreement dated February 21, 2006 - 3/6/2006 [signature]. This portion of the Industrial Proprietary rights is listed in Appendix I and is hereinafter referred to as the “New Proprietary Rights.” The
aforementioned trust agreement is dissolved effective August 1, 2006, in accordance with the dissolution contract attached in Appendix 3.1. 

  

 2 

	b)	The Seller is also the economic holder of the other portion of the aforementioned Industrial Proprietary Rights. This portion of the Industrial Proprietary rights is listed in
Appendix II and is hereinafter referred to as the “Old Proprietary Rights.” 

 In all other cases, the Industrial Proprietary
Rights necessary to the Corporation’s business operation are held by the Corporation - unless expressly described to the contrary herein. 
 The Seller
is interested in selling its share in the Corporation to the Purchaser and selling the Old Proprietary Rights to Monotype Holdings. 
 The Purchaser is
interested in purchasing the share. Monotype Holdings is interested in purchasing the Old Proprietary Rights. 
 All shares in the Purchaser are held by
Monotype Holdings. By means of debt assumption, the latter intends to be jointly and severally liable with the Purchaser for the Purchaser’s obligations. 
 The parties therefore agree as follows: 
 § 1 
 Sale and assignment of the share, closing date, entitlement to profit 
  

	(1)	The Seller hereby sells to the Purchaser the share and - as a precaution - all other additional shares (hereinafter referred to summarily as the “Share”) that the Seller
holds in the Corporation. The Purchaser accepts said sale. 

  

	(2)	The Seller hereby assigns the Share to the Purchaser subject to the condition precedent of full payment of the purchase price set forth in § 4 par. 1. The Purchaser accepts
said assignment. 

  

 3 

	(3)	Regardless of when the assignment of the Share hereby agreed upon becomes effective with respect to ownership in rem, the “Closing Date” within the meaning of this
contract shall be 12 a.m. on July 1, 2006. 

  

	(4)	All rights associated with the Share, including but not limited to the right to receive the Corporation’s profits on or after the Closing Date, shall be included in the sale
set forth in paragraph (1). 

 § 2 
 Sale and assignment of industrial proprietary rights 
  

	(1)	The Seller hereby sells to Monotype Holdings all Industrial Proprietary Rights relating to the Corporation’s products, including the trademarks and design patents. The
foregoing sale shall include the Industrial Proprietary Rights listed in Appendix II that have been registered or for which application for registration has been made; New Proprietary Rights shall be excluded, to the extent that the Corporation is
entitled to them. The foregoing sentences shall apply to the word mark “Linotype,” subject to the proviso that only the trademarks listed in Appendix II, part 2, section 1, shall be transferred. The special provision of § 7 paragraph
(1) letter s shall apply to the trademarks in Appendix II, part 2, section 2. 

 The Seller is not aware that it, or any
companies with which it is affiliated (with the exception of the Corporation), is the holder of any additional Industrial Proprietary Rights in relation to the Corporation’s products (beyond the New Proprietary Rights held on a fiduciary basis,
see Appendix I), such as use rights to copyrights for typeface types or use rights to software, registered or unregistered. If, contrary to expectations, such rights do exist, this sale shall cover such rights as well. 
  

	(2)	The Seller hereby transfers, subject to the condition precedent of the purchase price payments set forth in § 4 par. 1, all Industrial Proprietary Rights sold under paragraph
(1), along with all rights and duties, to Monotype Holdings and promises to consent to the entry of transfer of ownership to Monotype Holdings for all Industrial Proprietary Rights that are registered or for which an application for registration has
been made. At the request of Monotype Holdings, the Seller shall, in lieu thereof, consent to the entry of transfer of ownership of individual or all of the Industrial Proprietary Rights sold in accordance with paragraph (1).

  

 4 

 Monotype Holdings shall bear all of the costs of the transfer and the entry of transfer of ownership of
the Industrial Proprietary Rights. If Industrial Proprietary Rights are involved that are held by affiliated companies of the Seller, the Seller shall be responsible for ensuring that such Industrial Proprietary Rights are transferred to Monotype
Holdings upon satisfaction of the conditions precedent of full purchase price payments in accordance with § 4 par. 1 and that consent is given to the entry of transfer of ownership to Monotype Holdings. 
  

	(3)	The Seller promises to deliver to Monotype Holdings its available files concerning the Old Proprietary Rights. The Seller promises Monotype Holdings to waive any existing claims
against the Corporation concerning infringement of its industrial proprietary rights as of the transfer closing date. 

 § 3 
 Dissolution of the trust agreement 
  

	(1)	The trust agreement mentioned in the preamble is dissolved effective August 1, 2006. The Seller shall consent to the transfer of ownership of the New Proprietary Rights to the
Corporation. The Seller promises the Purchaser that it shall not exercise its option to acquire the New Proprietary Rights. 

  

	(2)	The Seller promises the Purchaser that it shall deliver its available files concerning the New Proprietary Rights to the Corporation. 

 § 4 
 Purchase price, additional
obligations of the Purchaser 
  

	(1)	The purchase price for the shares and the Industrial Proprietary Rights shall be EUR 45,000,000.00 (in the words: forty-five million Euros). The purchase price for the Share, along
with all tangible and intangible assets (including, but not limited to, the New Proprietary Rights) and liabilities, shall be EUR 39,175,000.00 (in words: thirty-nine million one hundred [crossed out by hand] seventy-five thousand Euros) and
shall be owed by the Purchaser. [signature] 

  

 5 

	 	 
seventy-five thousand Euros) and shall be owed by the Purchaser. The purchase price for the Old Proprietary Rights set forth in Appendix II shall be EUR
5,825,000.00 (in words: five million eight hundred twenty five thousand Euros) and shall be owed by Monotype Holdings. 

  

	(2)	The total purchase price in the amount of EUR 45,000,000.00 (in words: forty-five million Euros) shall be paid by the Purchaser and Monotype Holdings in the partial sums owed in
accordance with paragraph (1) by at 5:00 p.m. on August 1, 2006, to the Seller’s account at 

  

			
	Hypovereinsbank AG Heidelberg
	 Acct.
	  	
	 Bank routing no.
	  	
	 IBAN
	  	
	 SWIFT
	  	

 If the purchase price is not paid by the aforementioned point in time, the Seller shall have the
right to demand compensatory damages from the Purchaser for non-performance or rescind this contract by written declaration; all of the partners of SJ Berwin LLP, Munich location, Maria-Theresa-Strasse 5, 81675 Munich, shall be authorized to accept
receipt of the rescission declaration. Rescission shall only become effective if the purchase price is not received within 24 hours of receipt of the rescission declaration. 
  

	(3)	If a claim is asserted by third parties after the assignment of the Share pursuant to § 1 paragraph (2) of this contract becomes effective, the Purchaser promises to
indemnify the Seller from all obligations that result from the issuance of guaranties or suretyships or from the assumptions of debt with respect to the Corporation’s obligations to third parties, but only to the extent that the relevant
obligations on the part of the Corporation arise after today’s date. 

  

	(4)	 The Purchaser guarantees the Seller by way an independent guaranty assurance that the cumulative acquisition of the Share in the Corporation, including the New
Proprietary Rights, and the acquisition of the rights set forth in § 2 of this contract are permissible from the standpoint of antitrust law. In the event that the warranty is triggered, no refund of the purchase price shall be made; the Seller
is free to assert additional claims (particularly 

  

 6 

	 	 
in the event of antitrust fines and additional costs resulting from attorney consultation in connection with potential antitrust proceedings). However,
Monotype or the Purchaser shall receive the proceeds of any other exploitation of the Share, including the New Proprietary Rights and the rights set forth in § 2; exploitation shall be carried out by Monotype Holdings or the Purchaser at their
expense. If the Seller is still the holder of the shares and the sold rights, the Seller hereby irrevocably authorizes the Purchaser to transfer the shares and the sold rights in the Seller’s name, and shall issue a separate power of attorney
document to the Seller upon request. The Seller also hereby confirms that it will reasonably assist the Purchaser within the framework of any antitrust proceeding. 

 § 5 
 Adjustment of the purchase price; payment due date; 

warranty with respect to the intercompany contract of 1998 
  

	(1)	The Corporation shall be sold “cash and debt free,” viewed from an economic standpoint. This means that the agreed upon purchase price shall be reduced by the net
financial indebtedness of the Corporation as of July 31, 2006. 

 The net financial indebtedness consists of bank
liabilities, plus interest-bearing financial obligations to the Seller, minus cash, bank balances and interest-bearing financial claims against the Seller. By way of clarification, it is hereby stated that the purchase price shall be increased
appropriately in the event of negative financial indebtedness. 
  

	(2)	On July 31, 2006, the parties examined the extent to which an adjustment must be made in accordance with paragraph 1 as of today’s date. The sum by which the purchase
price is increased is EUR 1,238,549.00. The parties have agreed that the payment from abroad, REF AZMC6212000229 00, in the amount of USD 970,170.34, shall only have a 20% purchase price-increasing effect. A statement from the Corporation’s
account at Commerzbank AG and an excerpt from the Corporation’s bookkeeping system are attached as Appendix 5.3. The purchase price adjustment shall be paid to the Seller’s account identified in § 4 paragraph 2 by August 15,
2006. 

  

 7 

	(3)	For a period of five (5) years from today’s date, the Seller shall not become active directly or indirectly in the Corporation’s business sector or enter into
competition with the Corporation in the Corporation’s current business sector. This prohibition against competition shall not include purely financial equity interests in other corporations of less than 15% that do not confer control over the
management of such corporations. 

  

	(4)	The Seller also promises that it shall not, for a period of three (3) years, (i) employ any employee of the corporation, cause any such employee to restrict or terminate
his employment relationship with the Corporation or work for a competitor of the Corporation, (ii) cause any independent third party that renders work or services for or in the name of the Corporation to restrict or terminate his business
relationship with the Corporation or (iii) cause any person who has utilized the Corporation’s services or products in the last six (6) months to restrict or terminate his business relations with the Corporation or enter into or
expand business relations with a competing company. 

  

	(5)	For a period of three (3) years from today’s date, the Seller shall treat all business and operational secrets, know-how and customer information relating to the
Corporation’s business operation in a strictly confidential manner, to the extent that such information is not or does not become publicly available, provided that it does not become publicly available as a consequence of a breach of the
foregoing confidentiality obligation. 

  

	(6)	The Seller shall exercise its best efforts to ensure that all of its affiliated companies likewise assume and fulfill the obligations set forth in paragraphs (3) through (5),
above. 

  

	(7)	 The Seller hereby guarantees by way of an independent guaranty assurance that (i) a control and profit/loss transfer agreement will no longer exist with the
Corporation after the end of the abbreviated fiscal year, (ii) tax recognition of the control and profit/loss transfer agreement dated March 31, 1998, is guaranteed through June 30, 2006, and (iii) the Corporation’s
obligations 

  

 8 

	 	 
to transfer profits/losses are fulfilled. If the foregoing guarantee is violated, the Seller shall not be liable to the Purchaser or Monotype Holdings, but
instead the Seller shall fully indemnify the Corporation in this regard (particularly in the event of supplemental tax claims) or compensate the Corporation accordingly. Said indemnification or compensation shall constitute a third-party beneficiary
contract within the meaning of § 328 BGB [German Civil Code]. 

 § 6 
 Preparation of the closing date financial statements 
 An abbreviated fiscal year was created for the Corporation for the period from April 1, 2006, through June 30, 2006, in order to dissolve the single-entity tax treatment with the Seller and, in particular, to dissolve the control
and profit/loss transfer agreement. Between the closing date until today’s date, the Corporation has continued to operate its business (including bookkeeping and the preparation of the financial statements for the abbreviated fiscal year) in
conformity with past practice and within the framework of the ordinary course of business and shall continue to operate its business in this manner until the transfer of the Share in accordance with § 1 paragraph (2) of this agreement
becomes effective. The financial statements for the abbreviated fiscal year were prepared by the Corporation under the Corporation’s leadership and responsibility and in accordance with its instructions. The financial statements for the
abbreviated fiscal year were prepared in accordance with the requirements of the German Commercial Code (HGB) in accordance with the Corporation’s customary practice. As in the case of the most recently prepared annual financial statements, the
financial statements for the period ending on the closing date were audited in the same manner by the public accounting firm of PriceWaterhouseCoopers. 
 § 7 
 Warrantees by the Seller 
  

	(1)	The Seller guarantees Monotype Holdings and the Purchaser in the form of an independent guaranty assurance that the following statements are correct and accurate at the time of the
recording of this contract-unless a different point in time is expressly agreed upon below-and shall be responsible for them definitively within the framework of the legal succession provisions concluded hereinafter: 

  

	 	a)	The statements concerning the Seller and the Corporation in the preliminary remark to this contract are correct. 

  

 9 

	 	b)	The Corporation is a Gesellschaft mit beschränkter Haftung [limited liability corporation] established under the laws of the Federal Republic of Germany and validly in
existence in accordance with its articles of incorporation. 

  

	 	c)	The Corporation holds no equity interests in other enterprises and is not obligated to acquire such equity interests. 

  

	 	d)	With the exception of the profit/loss transfer contract dated March 31, 1998, concluded with the Seller and constituting the basis for the single-entity tax treatment between
the Seller and the Corporation, the Corporation has not entered into any intercompany contracts within the meaning of §§ 291 et seq. AktG [German Stock Corporation Act] with the Seller or third parties or any contracts concerning the
establishment of a silent partnership, equity-like shareholder loan, profit-sharing rights or other rights that confer a right to profits, sales revenue or liquidation proceeds. The profit/loss transfer agreement shall be cancelled at the end of the
abbreviated fiscal year. 

  

	 	e)	The Seller is the legal and economic owner of the Share, which [is] free of any and all encumbrances or other rights created in favor of third parties. The Seller has the right to
freely dispose of the Share and does not need the consent of a third party to do so, nor would such disposition violate the rights of any third party. The Share does not constitute the entirety or nearly the entirety of the Seller’s assets.

  

	 	f)	The Share is fully paid-in at the time at which its assignment becomes effective, and no repayments of capital contribution, including concealed repayments, have been made. Beyond
the Seller, there are no other shareholders of the Corporation at the aforementioned point in time, nor are there any conversion rights, options or similar rights that create the obligation to issue new shares or grant voting rights to third
parties. 

  

 10 

	 	g)	The certified excerpt from the Commercial Register attached as Appendix 7.1 g) fully and correctly states the Corporation’s corporate law situation-to the extent
registered in the Commercial Register. Only the persons listed in the Commercial Register are authorized to represent the Corporation. There are no Prokuristen [holders of statutory representative authority] not registered in the Commercial
Register; no commercial or general powers of attorney have been issued. 

  

	 	h)	The Corporation’s annual financial statements for the period ended 3/31/2006, which are attached as Appendix 7.1 h) (i), and the Corporation’s annual financial
statements for the period ended 6/30/2006, which are attached as Appendix 7.1 h) (ii) (hereinafter referred to jointly as the “Annual Financial Statements”), were audited by PriceWaterhouseCoopers and received an unqualified
audit certificate from the auditors. The Seller is not aware of any circumstances or facts that would allow the conclusion to be drawn that the audit certificate was incorrectly issued. 

  

	 	j)	The Seller has no knowledge that any contract of significance to the Corporation’s business, on the basis of which the Corporation earns sales revenue of more than EUR
100,000.00 per fiscal year, is invalid or terminated or is going to be terminated. This does not include the contract with fontshop AG, Berlin, which has been terminated. However, the Corporation has already concluded a new contract that
connects seamlessly with the terminated contract. The Seller also has no knowledge that the Corporation is violating substantial duties arising from the aforementioned contracts or that any important contract contains a change-of-control clause, on
the basis of which a contract would automatically become invalid or terminable, with the exception of most contracts with dealers and distributors, both of which frequently contain change-of-control clauses. 

  

	 	k)	The Corporation has not promised any wage or salary increases for the time period after the closing date. The Seller has no knowledge of any employee having terminated or otherwise
ended his employment contract with the Corporation or announced his intention to do so as a result of the Corporation’s departure from the Heidelberg Group. However, the Seller does point out that two employees have terminated their employment
contract with the Corporation effective June 30, 2006; the Seller has not knowledge that the terminations are associated with the sale of the Corporation. 

  

 11 

	 	l)	All taxes, social security charges and other public charges, regardless of whether they are directly or indirectly owed, particularly corporate income tax, trade tax, sales tax,
unemployment tax and pension insurance contributions, payroll taxes and all interest and delinquency interest and late payment surcharges with respect to the aforementioned taxes and charges, are properly declared and fully paid on the due date (or
appropriate reserves have been undertaken in the annual financial statements). There are no liabilities for customs duties, import sales taxes or export duties or for withholding taxes or other source taxes. No audits of the Corporation by tax
agencies or social security insurance carriers are currently taking place; it is expected that a business tax audit (corporate income tax, trade tax, sales tax) for the assessment periods 2001 through 2004 or 2005 will start at the end of 2006. All
returns owed to the competent tax offices and social security insurance carriers for the period through the closing date have been correctly and fully submitted, and all taxes, social security insurance contributions and other public charges that
are due have been fully and timely remitted. § 8 shall remain unaffected. 

  

	 	m)	No obligations have been established outside of the normal course of business. Nor has the Corporation submitted any suretyships or parent comfort letters for the benefit of third
parties outside of the normal course of business, and the Corporation has no liability, including conditional liability, for obligations of third parties. The Corporation has not entered into any futures transactions, option transactions or
contracts for differences (with the exception of the U.S. exchange rate hedge contracts). 

  

	 	n)	The Corporation has not obligated itself to third parties to pay any sum to compensate brokerage services or similar services (“finder’s fee”) in connection with the
sale provided in this contract. 

  

	 	o)	 All information provided to Monotype Holdings and its advisors by the Seller (including the persons named in paragraph (3)) prior to the recording of this
contract 

  

 12 

	 	 
is true to the best of the Seller’s knowledge, is not misleading and does not conceal any substantial facts with respect to the Share, the Corporation
or its business operation that are significant with respect to the specific information given or that the Purchaser should know for purposes of evaluation of such information at the time of the signing of this contract. 

 

	 	p)	All Industrial Proprietary Rights related to the Corporation’s products or of importance to the Corporation’s business are fully and correctly listed in the appendices
listed below, to the extent that said Industrial Proprietary Rights are registered or applications for their registration have been made: 

 -Appendix I: Industrial Proprietary Rights of the Corporation 
 -Appendix II: Industrial Proprietary Rights
of the Seller 
 The word mark “Linotype” is listed in Appendix II, part 2, section 1, but only to the extent that [it is] related
exclusively to products of the Corporation. 
 Appendices I and II contain the following information for all industrial products that are
registered or for which an application for registration has been made: (i) Type of Industrial Proprietary Right, (ii) the registered or actual holder of the Industrial Proprietary Right and (iii) the countries in which the Industrial
Proprietary Right is registered or an application for registration has been made, along with the registration or application number and the official application or registration date. The Seller’s or Corporation’s ownership of the
aforementioned Industrial Proprietary Rights is, to the best of the Seller’s knowledge, not disputed by third parties. The Industrial Proprietary Rights are not provided as collateral or pledged, nor is any usufructary right created with
respect to them. 
  

	 	q)	All fees that are due in order to maintain the New Proprietary Rights and Old Proprietary Rights are paid. Any protests by third parties that are pending concerning individual
proprietary rights are fully disclosed in Appendix 7.1 q). However, the Seller does not guarantee the future legal validity of the industrial proprietary rights or their freedom from third-party rights, nor is the Seller liable for ensuring
that individual proprietary rights are not deleted or declared void or that third parties do not claim or assert the violation of rights. 

  

 13 

 If Industrial Proprietary Rights are held by affiliated companies of the Seller (outside of the
Corporation), the Seller shall be liable for ensuring that they are transferred to Monotype Holdings upon satisfaction of the condition precedent set forth in § 1 paragraph (2) and that consent is given to the transfer of ownership to
Monotype Holdings. 
  

	 	r)	The Seller and the Corporation have received no information to the effect that the Corporation is currently violating industrial proprietary rights of third parties or would be
violating such rights after the immediately planned future business operation. The Seller is, to the best of its knowledge, not aware that the Corporation’s products infringe rights of third parties. To the best of the Seller’s knowledge,
third parties are not infringing any Industrial Proprietary Rights of the Corporation, the Seller or companies affiliated with the Seller in a manner that would, in individual cases or in the aggregate, have a substantially negative effect on the
Corporation’s overall business operation. 

  

	 	s)	Appendix II, part 2, section 2) contains, to the best of the Seller’s knowledge, a complete listing of the trademarks whose product list relates only partially to the
products of the Corporation (dual use). The Seller hereby permanently and interminably grants to Monotype Holdings and companies affiliated with Monotype Holdings exclusive use rights to the Corporation’s products. The Seller further promises
to permit identical supplemental applications with a product list restricted to the Corporation’s products and not oppose such supplemental applications. In cases in which the splitting of trademarks is possible in accordance with or by
application mutatis mutandis of § 27 MarkenG [German Trademark Act] (or a corresponding provision of the applicable foreign law), the Seller shall, at Monotype Holdings’ request and expense, request the splitting of the trademarks
and transfer the sub-trademarks relating to the Corporation’s products to Monotype Holdings, the Purchaser or the Corporation. In all other respects, the Seller and Monotype Holdings shall agree on the details of the treatment of dual use
trademarks. 

  

 14 

	 	t)	All licenses that are necessary to use of the products listed in Appendix 7.1 t) are, to the best of the Seller’s knowledge, listed in Appendix 7.1 t). These license
contracts are not terminated. The contracts are in effect, to the best of the Seller’s knowledge. To the extent that the necessary licenses are terminable by ordinary termination notice, have a fixed term or provide for special termination
rights for the respective licensor, this is noted appropriately on the list in Appendix 7.1 t). Statutory rights of extraordinary termination for good cause are not separately noted. In addition, there is a listing concerning whether options for
reacquisition of licenses are contained in the licenses. It is also noted there if worldwide or exclusive licenses are not involved. To the extent that no other contractual provision in Appendix 7.1 t) can be noted in § 7 par. 1 letter t), no
warranty is assumed concerning the content of these contracts. Best knowledge within the meaning of this § 7 paragraph 1 letter t) means affirmative knowledge or knowledge that one should have had on the basis of reasonable investigation.

  

	 	u)	The Corporation’s business typically entails the conduct of many lawsuits (particularly against infringers of industrial proprietary rights). To the best of the Seller’s
knowledge, however, no lawsuit against the Corporation is threatened and no documents have been served in a lawsuit against the Corporation that would not fall within the usual framework for the Corporation’s business or would have a
substantive negative effect on the Corporation if such lawsuit were lost. 

  

	(2)	Legal consequences 

  

	 	a)	If it becomes apparent that one or more of the statements for which the Seller assumed a warranty under § 7 of this contract is incorrect, the Purchaser can demand that the
Seller establish, within a reasonable time period from receipt of the demand, the condition that would exist if the statement or statements have been correct. The Purchaser can compensatory damages from the Seller in cash if the Seller does not
establish the contractually promised condition within the imposed time period or if it is not possible to establish the contractually promised condition. 

  

 15 

	 	b)	The Purchaser and the Corporation can only assert compensatory damage claims against the Seller arising from the warranties set forth in § 7 of this contract if the total
amount of such claims exceeds a sum of EUR 800,000; the amount of the Seller’s liability arising from par. 1 shall be limited to a sum in the amount of 25% of the purchase price-unless of breach of a warranty described in paragraph
(1) letter e) or f) is present. 

  

	 	c)	The warranties given by the Seller under this § 7 are, without exception, independent warranties. Beyond them, all claims by Monotype Holdings and the Purchaser arising from
the general law governing performance impairment (with the exception of primary performance claims) and warranty under purchasing law shall be barred; avoidance not based on fraud or threat shall also be barred. 

  

	 	d)	All warranty claims on the part of the Purchaser on the basis of this § 7 shall become time-barred on March 15, 2008. This paragraph d) sentence 1 shall not apply if a
breach of the warranties described in par. 1 letter e) or f) is present or if a warranty is intentionally breached; such claims shall become time-barred within three (3) years from the point in time at which the Purchaser learned or should have
learned of the damage-or they shall, without regardless to knowledge, become time-barred in ten (10) years from the date of transfer. The warranty claims arising from § 7 par. 1 letters p), q), r), s) and t) shall become time-barred after
March 31, 2009. 

  

	 	e)	The legal consequences stated above are definitive and shall take the place of the provisions of the Civil Code. Beyond them, Monotype Holdings and the Purchaser shall no claims
with respect to the breach of a warranty obligation. Claims arising from other contractual or tortious liability on the part of the Seller shall be barred, unless such liability is based on intentional or grossly negligent conduct.

  

	(3)	 Whenever this contract refers to the Seller’s knowledge, knowledge on the part of the following persons shall govern: Members of the Seller’s management
board, members of the Corporation’s advisory board and management team, employees in the 

  

 16 

	 	 
specialized departments of Accounting & Taxes, Controlling, Management Board Office, Intellectual Property and Mergers & Acquisitions, to
the extent that they were involved in the Corporation’s affairs in the day-to-day business in the last two (2) years. 

 § 8 
 Taxes, social security insurance contributions, miscellaneous fees and charges 
  

	(1)	The Purchaser shall work to ensure that the Corporation averts or minimizes the financial burdens in the event of impending or looming supplemental payments for taxes, fees and
other charges, customs duties and social security insurance contributions relating to the assessment periods through and including June 30, 2006. 

  

	(2)	The Purchaser shall further work to ensure that, in the aforementioned cases, the Corporation supports the Seller fully and in the best manner possible to avoid or minimize all
types of supplemental payments on the part of the Seller. 

  

	(3)	These duties shall specifically include the Purchaser working to ensure that the Corporation 

  

	 	(a)	comprehensively informs the Seller at its own expense concerning the beginning, course and result of all types of business audits-to the extent that these assessment periods relate
to the time period through and including June 30, 2006-and provide the Seller with all information and documents that are necessary for purposes of defense; 

  

	 	(b)	provides the Seller with copies of change notices at its own expense in a prompt and timely manner prior to the expiration of the appellate deadline period, to the extent that such
change notices relate to the aforementioned assessment periods; 

  

	 	(c)	gives the Seller the opportunity to actively participate in business audits, in order to avoid or minimize supplemental payments; 

  

	 	(d)	files all necessary appellate remedies at the Seller’s request; 

  

 17 

	 	(e)	complies at its own expense with all retention and documentation obligations prescribed under the Commercial Code, tax law or otherwise. 

  

	(4)	The warranty of § 7 paragraph (1) letter l) shall not apply if the Seller suffers damage as a result of a breach of a duty arising from § 8 of the contract-regardless
of whether committed by the Purchaser or the Corporation. If payments are imposed upon the Seller, the Purchaser shall grant the Seller a complete inspection of the documents available to the Purchaser and the Corporation that reference the payment
notice. The Seller shall receive copies of the aforementioned documents at the Seller’s request. 

 § 9

 Confidentiality and press releases 
  

	(1)	The parties agree that they shall treat in a strictly confidential manner the knowledge they have received concerning one another and the respective affiliated companies in
connection with the negotiations and conclusion of this contract. 

  

	(2)	No party shall publish a press release or similar announcements with respect to the legal transactions regulated by this contract without a prior written agreement with the other
party. 

 § 10 
 Miscellaneous 
  

	(1)	Monotype Holdings hereby joins in the Purchaser’s contractual relationship with the Seller on the Purchaser’s side and shall thus be liable for all of the Purchaser’s
obligations arising from this contract in the same manner as its own obligations. 

  

	(2)	Each contracting party shall bear the costs of the advisors they have engaged. The Purchaser shall bear 87.06% and Monotype Holdings shall bear 12.94% of the costs of the notarial
recording, as well as the other transfer costs incurred as a consequence of the conclusion and performance of this contract, including any transaction taxes and consumption taxes. 

  

 18 

	(3)	The parties agree that the service contract attached as Appendix 10 will be concluded between the Corporation and the Seller. Monotype Holdings and the Purchaser shall work
to ensure that the contract is signed by the Corporation effective on today’s date. 

  

	(4)	Amendments of and addenda to this contract, including this provision, must be in written form, except to the extent that it is necessary to comply with notarial form.

  

	(5)	The Seller hereby names the following party as its agent authorized to receive service of process for complaints and service of documents in a pending lawsuit and authorized to
receive declarations that need to be received: 

 Heidelberger Druckmaschinen AG 
 Management Board Office 
 Kurfürsten-Anlage 52-60 
 69115 Heidelberg, 
 and the Purchaser names the following party: 
 Monotype Imaging Holdings Corp. 
 Attn.: Jacquie Arthur, CFO 
 500 Unicorn Park Drive, 2nd floor 
 Woburn, MA 01801, U.S.A. 
  

	(6)	If a provision of this contract is invalid or impracticable in whole or in part, this shall not affect the validity or practicability of all of the other provisions of this
contract. The invalid or impracticable provision shall be deemed to be replaced by a valid and practicable provision that comes as close as possible to the economic purpose pursued by the invalid or impracticable provision. 

 

	(7)	All agreements concluded between the contracting parties prior to the conclusion of this contract shall be superseded by the conclusion of this contract. This contract contains all
of the agreements between the parties relating to the subject matter of this contract. 

  

 19 

	(8)	This contract shall be governed by the law of the Federal Republic of Germany. The exclusive place of judicial venue in the event of disputes between the contracting parties on the
basis of this contract shall be Heidelberg. The Seller shall also have the right to sue the Purchaser before the court with jurisdiction of the Purchaser’s domicile. 

  

	(9)	With reference to the “Joint Defense Agreement” concluded between the Seller and the Corporation on July 31, 2006, the Seller hereby irrevocably offers the
Corporation to supplement said Agreement to the effect that both parties shall have a right of ordinary termination upon a termination notice period of seven days. 

 § 11 
 Appendices to this contract 
  

			
	Appendix I.1-I.3:	  	New Proprietary Rights
	Appendix II, parts 1 and 2	  	Old Proprietary Rights
	Appendix 3.1:	  	IP trust contract dissolution contract
	Appendix 5.3	  	Purchase price adjustment
	Appendix 7.1 g):	  	Commercial Register excerpt
	Appendix 7.1 h) (i):	  	Audited annual financial statements for the period ended March 31, 2006
	Appendix 7.1 h) (ii):	  	Audited annual financial statements for the period ended June 30, 2006
	Appendix 7.1 q):	  	Protests
	Appendix 7.1 t):	  	List of important products
	Appendix 10:	  	Model service contract

  

 20 

 [stamp] 
 [illegible] 31 (2 pages) 
 Aug. 1, 2006 
 [illegible] 
 [signature] 
 Notary 
 RESCISSION OF THE TRUST CONTRACT 
 between 
 Heidelberger Druckmaschinen AG

 Kurfürsten-Anlage 52-60 
 D-69115 Heidelberg 
 and 
 Linotype GmbH 
 Du-Pont-Strasse 1 
 61352 Bad Homburg 
 Preamble 
 Heidelberger Druckmaschinen AG (hereinafter referred to as “HDM”) is the sole shareholder of Linotype GmbH (hereinafter referred to as “Linotype”). 
 It intends to sell its share this year and likewise transfer it to the purchaser this year. It is also intended that industrial proprietary rights be sold to the purchaser’s parent corporation simultaneously by
means of the same contractual document. 
 A trust contract dated February 21, 2006, currently exists between the contracting parties, pursuant to which
HDM, as trustee, administers industrial proprietary rights of Linotype “hereinafter referred to as the “Trust Contract”). 
 It is intended
that said contract come to an end at the time of the signing of the purchase contract concerning the share. 
 For this purpose, the contracting parties
hereby conclude this contract. 
  

	§ 1	Rescission of the trust contract 

 [initials]

 The contracting parties hereby rescind the trust contract subject to the condition precedent of the conclusion of a purchase contract between HDM and

  

 Page 1 of 2 

 Blitz 06-683 GmbH, registered in the Commercial Register of the Munich Municipal
Court (hereinafter referred to as: “Monotype Imaging Germany GmbH”), concerning the Linotype share and between HDM and Monotype Imaging Holdings, Inc., 500 Unicorn Park Drive, 2nd floor, Woburn, MA 01801, U.S.A., concerning industrial proprietary rights. 
 The rescission shall also cover all obligations arising from any existing collateral agreements. 
  

	§ 2	Option waiver 

 HDM hereby waives the option arising from § 9
par. 2 of the trust contract. 
  

	§ 3	Return transfer of the industrial proprietary rights 

 HDM hereby
transfers back to Linotype the proprietary rights registered in its name under the trust contract; Linotype hereby accepts said return transfer. 
 HDM shall
surrender the documents held in custody in connection with HDM’s fiduciary administration to Linotype immediately after the end. 
 Heidelberg / Bad
Homburg, July 31, 2006 
  

							
	Heidelberger Druckmaschinen AG	  	Linotype GmbH	  		  	
				
	[signature]	  	[signature]	  		  	
	Bernhard Schreier	  	Bruno Steinert	  		  	
	Chairman of the Management Board	  	General Manager	  	[initials]	  	

  

	
	[signature]
	Wirnt Galster
	Prokurist [holder of statutory representative authority]

  

 Page 2 of 2 

			
		  	(4 pages)
		  	10
		  	Appendix to the document
		  	of Heidelberg Notarial Office 6
		  	dated Aug. 1, 2006
		  	Notarial Office 6
		  	[signature] Notary

 SERVICE CONTRACT 
 (running number: 1) 
 between 
 Heidelberger Druckmaschinen AG 
 Kurfürsten-Anlage 52-60 
 D-69115 Heidelberg 
 (Sales tax ID number: DE
143455661) 
 and 
 Linotype
GmbH 
 Du-Pont-Strasse 1 
 61352 Bad Homburg 
 Preamble 
 Heidelberger
Druckmaschinen AG (hereinafter referred to as “HDM”) is the sole shareholder of Linotype GmbH (hereinafter referred to as “Linotype”). 
 It intends to sell its share this year and likewise transfer it to the purchaser this year. 
 HDM has heretofore rendered services for Linotype in,
among other things, the areas of 
  

	1.	Furnishing SAP applications 

  

	2.	Payroll and pension accounting. 

 The basis for such services is verbal or
implied contracts between HDM and Linotype. The motive for these contracts is, in turn, based on Linotype’s position as a subsidiary of HDM. Therefore, it is intended that the services no longer be rendered on a long-term basis after the
transfer of the shares. 
 It is intended that HDM continue to render the services for a transitional period, in order to provide Linotype with freedom of
action after the transfer of the shares and enable Linotype to conclude appropriate service contracts with third parties or render the services itself. 
 It
is intended that this contract replace the existing pertinent contracts; in particular, it is intended that it regulate the content and ending of services and fulfill the function of written documentation. 
  

	§ 1	Services 

 HDM shall render the following services for Linotype:

  

	(1)	Furnishing of SAP applications as follows: 

  

 Page 1 of 4 
 [initials] 

	 	•	 	 ERP application for Linotype in the “Linotype” company code in the SAP system P00, with the status of 6/30/2006 and 

  

	 	•	 	 Personnel (HR) application for Linotype in the SAP system P03, with the status of 6/30/2006. 

 The furnishing of the SAP application shall include the following components: 
  

	 	•	 	 Sourcing Management; including Contract Management, 

  

	 	•	 	 Coordination of regional Single Point of Contact (SPoC), 

  

	 	•	 	 Invoice verification, Coordination of interaction to the outsourcing partner (changes and upgrades), 

  

	 	•	 	 User administration & Incident Management, 

  

	 	•	 	 Data Center Usage; includes Online and batch usage, 

  

	 	•	 	 Storage services (storage, backup, recovery), Incident management, Archiving of data, Hosting of Server Systems, 

  

	 	•	 	 Application for Licenses, 

  

	 	•	 	 Customer Competence Center and 

  

	 	•	 	 SAP Developer Support (regarding SAP Basis System). 

  

	(2)	Services in the area of “payroll and pension accounting” for up to a total of 70 employees and company retirees as follows: 

  

	 	•	 	 Setup and maintenance of personnel master records for accounting and time recording, 

  

	 	•	 	 monthly payroll accounting for the existing wage types on the basis of fee data communicated by Linotype, taking the statutory requirements into account,

  

	 	•	 	 creation of payroll certificates for Linotype and Linotype employees for submission to governmental agencies, 

  

	 	•	 	 participation in and furnishing of information in connection with audits by tax offices/social security insurance carriers/professional association,

  

	 	•	 	 creation of statutorily prescribed evaluations arising from account settlement (particularly payroll tax return/payroll tax certificate/reporting to social security
insurance carriers), 

  

	 	•	 	 creation of statutorily prescribed reports (particularly reporting to professional association/handicapped person notice), 

  

	 	•	 	 creation of employee lists/salary lists for Linotype GmbH in accordance with the existing standards, 

  

	 	•	 	 vestedness/company pension calculations at the time of departure or retirement on the basis of existing benefit assurances, 

  

 Page 2 of 4 
 [initials] 

	 	•	 	 monthly company pension accounting on the basis of the existing pension assurances and 

  

	 	•	 	 processing of the data for forwarding to the actuary for preparation of his annual expert pension opinion. 

  

	(3)	However, the services shall under no circumstances go beyond the scope in which they have been rendered to date. 

  

	§ 2	Remuneration 

 Linotype shall remunerate the services by means of
payment of the following sums to HDM; it is hereby stated by way of clarification that sales tax shall be owed at the statutory rate: 
  

	(1)	For services in accordance with § 1 (1), EUR 11,278.00 per month, currently plus 16% sales tax EUR 1,804.48, total EUR 13,082.48. 

  

	(2)	For services in accordance with § 1 (2), EUR 1,800.00 per month, currently plus 16% sales tax EUR 288.00, total EUR 2,088.00. 

  

	(3)	The interest claims shall be due at the beginning of each month in which services are to be rendered in accordance with this contract. 

  

	(4)	The payments shall be made by means of a standing order. 

  

	§ 3	Effect on existing contracts 

 With this contract,
all existing contracts between the parties concerning the rendering of services in the areas of furnishing and use of SAP applications, payroll accounting and pension accounting shall be rescinded starting from the beginning of the effective period
of this contract. 
  

	§ 4	Liability 

  

	(1)	HDM shall only be liable for damage to the extent that it or its servants or vicarious agents have caused such damage in a grossly negligent or intentional manner. This shall apply
to all claims regardless of their legal basis. Liability for breach of substantial contractual duties shall remain unaffected; in such case, liability shall be limited to the foreseeable, typically occurring damage; this notwithstanding, the maximum
liability limit in such case shall be the sum of the remuneration under this contract within the obligatory three-month contract term, i.e., EUR 39,234.00. 

  

	(2)	HDM shall under no circumstances be liable for contractually atypical, and therefore unforeseeable, damage or for indirect damage, provided that HMD is not guilty of intentional
breach of contract. 

  

 Page 3 of 4 
 [initials] 

	§ 5	Transitional services 

 This contract does not cover special
services in connection with the ending of the rendering of services by HDM, particularly services that arise on the occasion of the transfer of the services heretofore rendered by HDM to a different service provider or to Linotype (for example,
programming expense and additional expense for mechanical personnel master data transfer). 
  

	§ 6	Term, termination 

  

	(1)	The contract shall be valid effective August 1, 2006. Its validity shall be limited to a time period of three months. The contract cannot be terminated during said time period.

  

	(2)	Linotype can, by written declaration, which must be submitted to HDM prior to the expiration of the time period set forth in paragraph (1), extend the contract for an additional
three months directly following the expiration of the time period set forth in paragraph (1). During said extension period, Linotype shall be able to terminate the contract in writing effective at the end of the month. 

  

	(3)	After the end of the contract, HDM shall be obligated to surrender to Linotype documents that came into existence at HDM within the framework of the rendering of services. This
shall also relate to documents that came into existence in connection with the services during Linotype’s affiliation with the Heidelberg Group, to the extent possible and to the extent that such documents are available. In addition, HDM shall
deliver to Linotype the software that was used at HDM solely for the rendering of services for Linotype and for whose development Linotype has paid in the past. 

  

	§ 7	Miscellaneous 

  

	(1)	No verbal collateral agreements concerning this contract exists. 

  

	(2)	Amendments of this contract shall only be valid if they are in written form. 

 Heidelberg / Bad Homburg, July 31, 2006 
  

					
	 Heidelberger Druckmaschinen AG
	  	Linotype GmbH	  	
			
	 Bernhard Schreier
	  	Bruno Steinert	  	
	 Chairman of the Management Board
	  	General Manager	  	

  

	
	[signature]
	Wirnt Galster
	Prokurist [holder of statutory representative authority]

  

 Page 4 of 4 
 [signatures]

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