Document:

FIRST AMENDMENT TO AND WAIVER AND CONSENT UNDER CREDIT AGREEMENT

 Exhibit 10.37 
 FIRST AMENDMENT 
 TO, AND WAIVER AND CONSENT UNDER, 
 CREDIT AGREEMENT, 
 INVESTOR
INTERCREDITOR AGREEMENT AND 
 SECURITY AGREEMENT 
 THIS FIRST AMENDMENT TO, AND WAIVER AND CONSENT UNDER, CREDIT AGREEMENT, INVESTOR INTERCREDITOR AGREEMENT AND SECURITY AGREEMENT (this “First Amendment”) is made and entered into as of August 24,
2005, by and among Monotype Imaging, Inc., a Delaware corporation (“Administrative Borrower”), the lenders listed on the signatory pages hereof (the “Lenders”), and Wells Fargo Foothill, Inc., a California
corporation, in its capacity as administrative agent (“Agent”). 
 WITNESSETH: 
 WHEREAS, Monotype Imaging Holdings Corp. (“Parent”), Administrative Borrower, International Typeface Corporation
(“Typeface” and, together with Administrative Borrower, the “Borrowers”), the Lenders, and Agent are parties to that certain Credit Agreement, dated as of November 5, 2004 (as it may be amended, modified,
supplemented or amended and restated from time to time, the “Credit Agreement”); 
 WHEREAS, TA Subordinated Debt Fund,
L.P., a Delaware limited partnership, TA Investors II, L.P., a Delaware limited partnership, D.B. Zwirn Special Opportunities Fund, L.P., a Delaware limited partnership, and agent are parties to that certain subordination agreement, dated as of
November 5, 2004 (as it may be amended, modified, supplemented or amended and restated from time to time, the “Investor Intercreditor Agreement”); 
 WHEREAS, Parent, Borrowers, and Agent are parties to that certain Security Agreement, dated as of November 5, 2004 (as it may be amended, modified, supplemented or amended and restated from time to time, the
“Security Agreement”); 
 WHEREAS, the shareholders of Parent have effected a restructuring transaction pursuant to which
(a) the shareholders of Parent formed Monotype Holdings Inc., a wholly-owned Subsidiary organized under the laws of Delaware (“New Holdco”), (b) New Holdco immediately thereafter formed MIHC Merger Sub Inc., a wholly-owned
Subsidiary organized under the laws of Delaware (“Merger Sub”), and (c) Merger Sub merged with and into Parent, following which Parent survived as a wholly-owned Subsidiary of New Holdco (the “Parent Merger”);

 WHEREAS, absent a waiver from Agent and the Required Lenders, the Parent Merger would violate Section 6.3(a) of the Credit
Agreement (the “Section 6.3(a) Default”); 
 WHEREAS, Borrowers desire to (a) prepay outstanding Indebtedness evidenced
by the Subordinated Notes in an aggregate amount not to exceed $21,640,394.64 (the “Subordinated Notes Prepayment”), and (b) make a Distribution to Parent to enable Parent to redeem certain preferred Stock of Parent in an
aggregate amount not to exceed $48,289,240.30 (the “Distribution and Redemption”); 

 WHEREAS, in order to finance the Subordinated Notes Prepayment and the Distribution and Redemption,
(a) Borrowers desire to increase the Term Loan Amount under the Credit Agreement from $64,516,818.70 (the aggregate outstanding principal amount of the Term Loan as of the date hereof immediately prior to the effectiveness of this First
Amendment) to $100,000,000, and (b) Borrowers desire to increase the Term Loan Amount under the D.B. Zwirn Credit Agreement from $40,000,000 to $65,000,000 (the “D.B. Zwirn Term Loan Increase”); 
 WHEREAS, absent a waiver from Agent and the Required Lenders, the D.B. Zwirn Term Loan Increase would violate Section 6.7(c) of the Credit
Agreement; 
 WHEREAS, absent a waiver from Agent and the Required Lenders, (a) the Subordinated Notes Prepayment would violate
Sections 6.7(a) and (b) of the Credit Agreement, and (b) the Distribution and Redemption would violate Section 6.10 of the Credit Agreement; 
 WHEREAS, (a) Parent has issued, in aggregate, (i) $54,540,000 of Convertible Preferred Stock pursuant to the Stock Purchase Agreement dated as
of November 5, 2004 by and among Parent, the investors listed on Schedule A thereto and the lenders listed on Schedule B thereto, as in effect on the date hereof, and (ii) $3,727,100 of Convertible Preferred Stock and $1,485.26 of Common
Stock pursuant to the Employee Investment Agreements by and among Parent, Administrative Borrower, and the individuals named therein and attached as Schedule E-1 hereto (collectively, the “Employee Investment Agreements”),
and (b) Administrative Borrower has issued, in aggregate, (i) $18,848,000 of Subordinated Notes and $3,414.97 of Common Stock pursuant to the Subordinated Note Purchase Agreement (as defined in the Credit Agreement), and
(ii) $1,239,000 of Subordinated Notes pursuant to the Employee Investment Agreements (the equity issuances described in clauses (a)(i), (a)(ii), and (b)(i) above are collectively referred to herein as the “Equity Issuances”,
and the issuance of $87,000 of the $1,239,000 of Subordinated Notes described in clause (b)(ii) above is referred to herein as the “Oversubscription Issuance”, and together with the Equity Issuances, the “Prepayment
Issuances”); 
 WHEREAS, in connection with the Prepayment Issuances, Borrowers have not made prepayments of the Term Loan as
required pursuant to Section 2.4(c)(iii)(C) of the Credit Agreement, nor paid the Applicable Prepayment Premium corresponding to such prepayments required pursuant to Section 2.4(e) of the Credit Agreement (collectively, the
“Prepayment Default”); 
 WHEREAS, absent a waiver from Agent and the Required Lenders, the Oversubscription Issuance would
violate Section 6.1 of the Credit Agreement because the issuance of Indebtedness evidenced by Subordinated Notes is not permitted to exceed an aggregate original principal amount outstanding at any time of $20,000,000 (the
“Section 6.1 Default”); 
 WHEREAS, Administrative Borrower has formed the Japanese Subsidiary, and in connection therewith,
has made a contribution to the Japanese Subsidiary in an aggregate amount of $97,780 (the “Contribution”); 
  

 2 

 WHEREAS, absent a waiver from Agent and the Required Lenders, the Contribution would violate
Section 6.12 and Section 6.13 of the Credit Agreement (collectively, the “Contribution Default”); 
 WHEREAS, in contemplation of receiving proceeds of funds from the Borrowers in connection with the Distribution and Redemption, Parent has established a Deposit Account (the “Parent Account”) with Wells Fargo Brokerage
Services, LLC without delivering a Control Agreement in respect of such Account to Agent (the “Parent Account Establishment”); 
 WHEREAS, absent a waiver from Agent and the Required Lenders, the Parent Account Establishment would violate Section 6.12 of the Credit Agreement (the “Section 6.12 Default”); 
 WHEREAS, pursuant to Section 5.16 of the Credit Agreement, at the time that Parent, any Borrower or any Guarantor forms a direct or indirect
Subsidiary that is a Controlled Foreign Corporation after the Closing Date, Parent, such Borrower or such Guarantor is required to (a) provide to Agent a pledge agreement and appropriate certificates and powers or financing statements,
hypothecating 65% of the voting power of all classes of capital Stock of such Subsidiary entitled to vote, in form and substance satisfactory to Agent, and (b) provide to Agent all other documentation, including updates to Schedules 4.5,
4.7(a), 4.7(b), 4.7(c), 4.8(b), 4.8(c), 4.15 and 4.17 of the Credit Agreement and one or more opinions of counsel satisfactory to Agent, which in its opinion is appropriate with respect to the
execution and delivery of the applicable documentation referred to above (collectively, the “Section 5.16 Obligations”); 
 WHEREAS, Parent and the Borrowers have not yet satisfied the Section 5.16 Obligations with respect to the formation of the Japanese Subsidiary and, accordingly, a default currently exists with respect to the provisions of
Section 5.16 of the Credit Agreement (the “Section 5.16 Default”); 
 WHEREAS, (a) pursuant to
Section 3.6(a) of the Credit Agreement, on or prior to the date that is 90 days after the Closing Date, Parent and Borrowers were required to deliver to Agent (i) a collateral assignment of each key man life insurance policy
required by Section 5.8 of the Credit Agreement and (ii) proof of acceptance of each such collateral assignment by the issuer of such key man life insurance policy, in form and substance reasonably satisfactory to Agent,
(b) pursuant to Section 3.6(b) of the Credit Agreement, on or prior to the date that is 60 days after the Closing Date, Parent and Borrowers were required to deliver to Agent satisfactory evidence that not less than the Required
Library of all existing copyrights of Parent, Borrowers and their respective Subsidiaries have been registered with the United States Copyright Office, (c) pursuant to Section 3.6(c) of the Credit Agreement, Parent and Borrowers
were required to deliver to Agent, on or prior to the date that is 60 days after the Closing Date, a Source Code Escrow Agreement, duly executed by the Loan Parties, Agent, D.B. Zwirn and an escrow agent reasonably satisfactory to Agent, with
respect to the source and object code for each version or versions of each item of computer software programs or other technology of Parent, Borrowers and their respective Subsidiaries constituting the Required Library, (d) pursuant to
Section 3.6(d) of the Credit Agreement, on or prior to the date that is 10 days after the effective date of the Source Code Escrow Agreement, Parent and Borrowers were required to deliver to Agent evidence reasonably satisfactory to it
that the source and object code for each version or versions of each item of computer software programs or other technology of Parent, Borrowers and their 

  

 3 

 
respective Subsidiaries constituting the Required Library has been deposited with the escrow agent in accordance with the terms and conditions of the Source
Code Escrow Agreement, as provided in Section 6(g)(viii) of the Security Agreement, (e) pursuant to Section 3.6(e) of the Credit Agreement, on or prior to the date that is 60 days after the Closing Date, Parent and Borrowers
were required to deliver to Agent duly executed Cash Management Agreements and Control Agreements, in form and substance reasonably satisfactory to Agent, (f) pursuant to Section 3.6(f) of the Credit Agreement, Parent and Borrowers
were required to deliver to Agent, on or prior to the date that is 60 days after the Closing Date, a duly executed Collateral Access Agreement, in form and substance reasonably satisfactory to Agent, with respect to 985 Busse Road, Elk Grove
Village, IL 60007, and (g) pursuant to Section 3.6(h) of the Credit Agreement, on or prior to the date that is 75 days after the Closing Date, Borrowers were required to prepare and deliver, or cause to be delivered, to the U.S.
Patent and Trademark Office or the U.S. Copyright Office, as applicable, in good faith in accordance with the procedures and regulations of such office all documents, instruments or other information necessary, in the reasonable judgment of Agent,
for the (i) accurate and proper recordation of the assignments and releases described on Schedule 3.6(h) of the Credit Agreement (but only to the extent that the applicable Intellectual Property is material to the conduct of the business
of Parent, any Borrower or any of their respective Subsidiaries) and (ii) accurate and proper documentation of the ownership and chain of title of the Intellectual Property described on Schedule 3.6(h) of the Credit Agreement (but only
to the extent that the applicable Intellectual Property is material to the conduct of the business of Parent, any Borrower or any of their respective Subsidiaries) (clauses (a), (b), (c), (d), (e), (f) and (g) collectively, the
“First Category of Section 3.6 Obligations”); 
 WHEREAS, Parent and Borrowers have satisfied the First Category of
Section 3.6 Obligations but failed to do so on a timely basis (the “First Category Defaults”); 
 WHEREAS, pursuant to
Section 3.6(f) of the Credit Agreement, on or prior to the date that is 60 days after the Closing Date, Parent and Borrowers were required to deliver to Agent a duly executed Collateral Access Agreement, in form and substance reasonably
satisfactory to Agent, with respect to 200 Ballardvale Street, Wilmington, Massachusetts 01887 (the “Ballardvale Location”) (the “Second Category of Section 3.6 Obligations”); 
 WHEREAS, the Borrowers have not yet satisfied the Second Category of Section 3.6 Obligations and, accordingly, a default currently exists with
respect to the provisions of clause (f) of Section 3.6 of the Credit Agreement (the “Second Category Default”), but Parent and Borrowers no longer have any assets located at the Ballardvale Location; 
 WHEREAS, pursuant to Section 5.3 of the Credit Agreement, on or prior to March 31, 2005, Parent and Borrowers were required to deliver
to Agent copies of the audited financial statements described in clause (g) of Schedule 5.3 to the Credit Agreement for the fiscal year ended December 31, 2004 (the “Section 5.3 Obligation”); 
 WHEREAS, the Borrowers have not yet satisfied the Section 5.3 Obligation and, accordingly, a default currently exists with respect to the provisions
of Section 5.3 of the Credit Agreement (the “Section 5.3 Default”); 
  

 4 

 WHEREAS, Parent and Borrowers have relocated their chief executive offices from the Ballardvale Location
to 500 Unicorn Park Drive, Unicorn Park, Woburn, MA 01801, and, pursuant to Section 5.9 of the Credit Agreement, were required to deliver to Agent, on or prior to the date that is 30 days prior to such relocation (a) written notice
of such relocation (the “Section 5.9 Notice Obligation”), and (b) a Collateral Access Agreement with respect to such new location (the “Section 5.9 Collateral Access Agreement Obligation” and, collectively with
the Section 5.9 Notice Obligation, the “Section 5.9 Obligations”); 
 WHEREAS, Parent and Borrowers have satisfied the
Section 5.9 Obligations but failed to do so on a timely basis (the “Section 5.9 Default”); and 
 WHEREAS, subject to
the terms and conditions set forth herein, Agent and each of the requisite Lenders have agreed to (a) waive the Prepayment Default, the Contribution Default, the First Category Defaults, the Second Category Default, the Section 5.9
Default, the Section 6.1 Default, and the Section 6.3(a) Default, (b) the Section 6.12 Default; provided that Administrative Borrower shall deliver evidence reasonably satisfactory to Agent within 3 Business Days after the
First Amendment Effective Date that (i) the Parent Account has been closed or (ii) a satisfactory Control Agreement in respect of the Parent Account has been delivered to Agent, (c) waive the Section 5.3 Default but only until
August 31, 2005, (d) consent to the Subordinated Notes Prepayment, (e) consent to the Distribution and Redemption, (f) consent to the D.B. Zwirn Term Loan Increase, and (g) amend the Credit Agreement, the Investor
Intercreditor Agreement, and the Security Agreement as herein provided; 
 NOW, THEREFORE, in consideration of the agreements and provisions
herein contained, the parties hereto do hereby agree as follows: 
 Section 1. Definitions. Any capitalized terms used but not
otherwise defined herein shall have the meanings ascribed to such terms in the Credit Agreement. 
 Section 2. Waivers. Subject
to the satisfaction of the terms and conditions set forth herein, Agent and each of the Required Lenders hereby agree to waive (a) the Prepayment Default solely with respect to the Prepayment Issuances, (b) the Contribution Default solely
with respect to the Contribution, (c) the First Category Defaults solely with respect to the First Category of Section 3.6 Obligations, (d) the Second Category Default solely with respect to the Ballardvale Location, (e) the
Section 5.3 Default solely with respect to the annual financial statements for the fiscal year ended December 31, 2004 (but such waiver under this clause (e) shall only be effective until August 31, 2005), (f) the
Section 5.9 Default solely with respect to the Section 5.9 Obligations, (g) the Section 6.12 Default; provided that Administrative Borrower shall deliver evidence reasonably satisfactory to Agent within 3 Business Days
after the First Amendment Effective Date that (i) the Parent Account has been closed or (ii) a satisfactory Control Agreement in respect of the Parent Account has been delivered to Agent, (h) the Section 5.16 Default solely with
respect to the Section 5.16 Obligations, (i) the Section 6.1 Default solely with respect to the Oversubscription Issuance, and (j) the Section 6.3(a) Default solely with respect to the Parent Merger. 
  

 5 

 Section 3. Consents. Subject to the satisfaction of the terms and conditions set forth
herein, Agent and each of the Required Lenders hereby (a) consent to, and waive the application of Section 6.7(a) and (b) of the Credit Agreement solely with respect to, the Subordinated Notes Prepayment to the extent
the aggregate amount of such prepayment does not exceed $21,640,394.64, (b) consent to, and waive the application of Section 6.10 of the Credit Agreement solely with respect to, the Distribution and Redemption to the extent the
aggregate amount of such Distribution and Redemption does not exceed $48,289,240.30, and (c) consent to, and waive the application of Section 6.7(c) of the Credit Agreement solely with respect to, the D.B. Zwirn Term Loan Increase
to the extent the Term Loan Amount under the D.B. Zwirn Credit Agreement does not exceed $65,000,000. 
 Section 4.
Amendments to Credit Agreement. The Credit Agreement is hereby amended, effective as of the date this First Amendment becomes effective in accordance with Section 8 hereof, as follows: 
 4.01. Amendments to Section 2.2. Section 2.2 of the Credit Agreement is hereby amended and restated in its entirety
by inserting the following in replacement thereof: 
 “2.2 Term Loan. Subject to the terms and conditions
of this Agreement, on the Closing Date each Lender with a Term Loan Commitment agreed (severally, not jointly or jointly and severally) to make term loans (collectively, the “Original Term Loan”) to Borrowers in an amount equal to
such Lender’s Pro Rata Share of the Original Term Loan Amount. Prior to the First Amendment Effective Date, the principal amount of the Original Term Loan shall be repaid in monthly installments, beginning on the first day of the first month
following the Closing Date, as follows: during the period of time from the Closing Date through the First Amendment Effective Date, $750,000 per month. On the First Amendment Effective Date, subject to the terms and conditions of this Agreement,
each Lender with a Term Loan Commitment agrees (severally, not jointly or jointly and severally) to make term loans (collectively, the “Additional Term Loan”) to Borrowers in an amount equal to such Lender’s Pro Rata Share of
the Additional Term Loan Amount. From and after the First Amendment Effective Date, the principal amount of the Term Loan shall be repaid in monthly installments, beginning on the first day of the first month following the First Amendment Effective
Date, as follows: (a) during the period of time from the First Amendment Effective Date through the first anniversary of the First Amendment Effective Date, $750,000 per month; (b) during the period of time from the first anniversary of
the First Amendment Effective Date through the second anniversary of the First Amendment Effective Date, $791,666 per month; (c) during the period of time from the second anniversary of the First Amendment Effective Date through the third
anniversary of the First Amendment Effective Date, $1,041,666 per month; (d) during the period of time from the third anniversary of the First Amendment Effective Date through the fourth anniversary of the First Amendment Effective Date,
$1,083,333 per month; and (e) $1,166,666 per month thereafter, such installments to be due and payable on the first day of each month, continuing until and including the Maturity Date, on which date the unpaid balance of the Term Loan would be
due and payable in full. The outstanding unpaid principal balance and all accrued and unpaid interest under the Term Loan shall be due and payable on the date of termination of this Agreement, whether by its terms, by prepayment, or by acceleration.
All amounts outstanding under the Term Loan shall constitute Obligations. Once any portion of the Term Loan has been paid or prepaid, it may not be reborrowed.” 
  

 6 

 4.02. Amendments to Section 2.4(c)(iii)(C). Section 2.4(c)(iii)(C)
of the Credit Agreement is hereby amended and restated in its entirety by inserting the following in replacement thereof: 
 (C) Upon the sale or issuance by any Loan Party or any of its Subsidiaries of any shares of Stock, or the issuance or incurrence by any Loan Party or any of its Subsidiaries of any Indebtedness (other than Permitted Indebtedness), Borrowers
shall prepay the outstanding principal amount of the Term Loan, the D.B. Zwirn Term Loan and the Advances in accordance with Section 2.4(d) in an amount equal to 100% of the Net Cash Proceeds received by such Person in connection
therewith; provided, however, that, notwithstanding the foregoing, Borrowers shall not be required to make a prepayment under this Section 2.4(c)(iii)(C) with any of the Net Cash Proceeds received in connection with
(1) the issuance of Convertible Preferred Stock and Common Stock pursuant to the Convertible Stock Purchase Agreement or any Employee Investment Agreement, (2) the issuance of Common Stock pursuant to the Subordinated Note Purchase
Agreement, or (3) the issuance of Subordinated Notes. The provisions of this subsection (C) shall not be deemed to be implied consent to any issuance, incurrence or sale otherwise prohibited by the terms and conditions of this Agreement.

 4.03. Amendments to Section 3.3. Section 3.3 of the Credit Agreement is hereby amended by deleting
the words “Closing Date” therefrom and inserting “First Amendment Effective Date” in replacement thereof. 
 4.04.
Amendments to Section 6.1. 
 (a) Section 6.1(e) of the Credit Agreement is hereby amended by
replacing the amount “20,000,000” therefrom and inserting “20,087,000” in lieu thereof. 
 (b)
Section 6.1 of the Credit Agreement is hereby amended by (i) renumbering existing clause (h) as new clause (i) and (ii) inserting the following as new clause (h): 
 “(h) unsecured Indebtedness in an aggregate amount not to exceed $3,000,000 arising from the loan made by UK Subsidiary to Monotype
on October 22, 1999, and” 
 4.05. Amendments to Section 6.13(b). Section 6.13(b) of the
Credit Agreement is hereby amended and restated in its entirety by inserting the following in replacement thereof: 
 “(b) Except as set forth in subsection (a) above, make any payment to an Affiliate other than (i) payments for directors’ fees and expenses in an aggregate amount not to exceed $500,000 in any fiscal year,
(ii) payments of Accounts incurred in the ordinary course of business and that are upon fair and reasonable terms, and (iii) Permitted Investments.” 
  

 7 

 4.06. Amendments to Section 6.16(a)(i). Section 6.16(a)(i) of the
Credit Agreement is hereby amended and restated in its entirety by inserting the following in replacement thereof: 
 (i)
Minimum TTM EBITDA. TTM EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: 
  

				
	Applicable
Amount	  	 Applicable Period

	$	31,000,000	  	 For the 12 month period ending September 30, 2005

	$	31,000,000	  	 For the 12 month period ending December 31, 2005

	$	31,000,000	  	 For the 12 month period ending March 31, 2006

	$	31,000,000	  	 For the 12 month period ending June 30, 2006

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

	$	31,000,000	  	 For the 12 month period ending December 31, 2006

	$	31,000,000	  	 For the 12 month period ending March 31, 2007

	$	31,500,000	  	 For the 12 month period ending June 30, 2007

	$	32,500,000	  	 For the 12 month period ending September 30, 2007

	$	33,500,000	  	 For the 12 month period ending December 31, 2007

	$	34,500,000	  	 For the 12 month period ending March 31, 2008

	$	35,000,000	  	 For the 12 month period ending June 30, 2008

  

 8 

				
	Applicable
Amount	  	 Applicable Period

	$	35,500,000	  	 For the 12 month period ending September 30, 2008

	$	36,000,000	  	 For the 12 month period ending December 31, 2008

	$	36,500,000	  	 For the 12 month period ending March 31, 2009

	$	37,000,000	  	 For the 12 month period ending June 30, 2009

	$	37,500,000	  	 For the 12 month period ending September 30, 2009

	$	38,000,000	  	 For the 12 month period ending December 31, 2009

	$	38,000,000	  	 For the 12 month period ending each quarter thereafter

 4.07. Amendments to Section 6.16(b). Section 6.16(b) of the
Credit Agreement is hereby amended and restated in its entirety by inserting the following in replacement thereof: 
 (b)
Leverage Ratio. Permit the Leverage Ratio, as at the end of each period set forth below, to exceed the required ratio set forth in the following table for the applicable period: 
  

			
	Applicable
Ratio	  	 Applicable Period

	4.75:1.00	  	 For the 12 month period ending September 30, 2005

	4.75:1.00	  	 For the 12 month period ending December 31, 2005

	4.50:1.00	  	 For the 12 month period ending March 31, 2006

	4.50:1.00	  	 For the 12 month period ending June 30, 2006

  

 9 

			
	Applicable
Ratio	  	 Applicable Period

	4.38:1.00	  	 For the 12 month period ending September 30, 2006

	4.38:1.00	  	 For the 12 month period ending December 31, 2006

	4.13:1.00	  	 For the 12 month period ending March 31, 2007

	4.13:1.00	  	 For the 12 month period ending June 30, 2007

	3.88:1.00	  	 For the 12 month period ending September 30, 2007

	3.88:1.00	  	 For the 12 month period ending December 31, 2007

	3.63:1.00	  	 For the 12 month period ending March 31, 2008

	3.63:1.00	  	 For the 12 month period ending June 30, 2008

	3.38:1.00	  	 For the 12 month period ending September 30, 2008

	3.38:1.00	  	 For the 12 month period ending December 31, 2008

	3.13:1.00	  	 For the 12 month period ending March 31, 2009

	3.13:1.00	  	 For the 12 month period ending June 30, 2009

	2.63:1.00	  	 For the 12 month period ending September 30, 2009

	2.63:1.00	  	 For the 12 month period ending December 31, 2009

	2.63:1.00	  	 For the 12 month period ending each quarter thereafter

  

 10 

 4.08. Amendments to Section 14.1(j). Section 14.1(j) of the Credit
Agreement is hereby amended and restated in its entirety by inserting the following in replacement thereof: 
 “(j)
change the definition of Maximum Revolver Amount, Original Term Loan Amount or Additional Term Loan Amount, or” 
 4.09.
Amendment to Schedule C-1. Schedule C-1 of the Credit Agreement is hereby amended by deleting it in its entirety and inserting the Schedule attached as Appendix A hereto in lieu thereof. 
 4.10. New Schedule E-1. New Schedule E-1 is hereby added to the Credit Agreement in the form of Appendix B hereto.

 4.11. Amendments to Schedule 1.1. 
 (a) The following additional definitions shall be inserted in Schedule 1.1 to the Credit Agreement in proper alphabetical order:

 “Additional Term Loan” has the meaning specified therefor in Section 2.2. 
 “Additional Term Loan Amount” means an amount equal to $35,483,181.30. 
 “Convertible Stock Purchase Agreement” means the Stock Purchase Agreement dated as of November 5, 2004 by and among
Parent, the investors listed on Schedule A thereto and the lenders listed on Schedule B thereto, as in effect on the date hereof without modification or amendment thereto. 
 “Employee Investment Agreements” means, collectively, the agreements identified on Schedule E-1 hereto, in each
case as in effect on the date hereof without modification or amendment thereto. 
 “First Amendment Effective
Date” means August 24, 2005. 
 “Original Term Loan” has the meaning specified therefor in
Section 2.2. 
 “Original Term Loan Amount” means an amount equal to $75,000,000. 
 “Oversubscription Employee Investment Agreements” means, collectively, (a) the Employee Investment Agreement dated
as of November 24, 2004 by and among Parent, Administrative Borrower and Vladimir Levantovsky, (b) the Employee Investment Agreement dated as of November 15, 2004 by and among Parent, Administrative Borrower and Christopher Roberts,
and (c) the Employee Investment Agreements dated as of November 15, 2004 by and among Parent, Administrative Borrower and Geoffrey Greve. 
  

 11 

 “UK Subsidiary” means Monotype Imaging Limited, a company organized
under the laws of the United Kingdom. 
 (b) The definition of “EBITDA” is hereby amended and restated in its
entirety by inserting the following in replacement thereof: 
 “EBITDA” means, with respect to any fiscal
period, (a) Parent’s and its Subsidiaries’ consolidated net earnings (or loss), minus (b) without duplication, the sum of the following amounts of Parent and its Subsidiaries for such period, to the extent included in determining
consolidated net earnings (or loss) of Parent and its Subsidiaries for such period, (i) extraordinary gains (including gains realized on the sale of assets), (ii) non-cash income and (iii) interest income, in the case of each of
clauses (b)(i) through (b)(iii), as determined in accordance with GAAP, plus (c) without duplication, the sum of the following amounts of Parent and its Subsidiaries for such period, to the extent deducted in determining consolidated net
earnings (or loss) of Parent and its Subsidiaries, (i) income taxes and franchise taxes accrued, (ii) Interest Expense, (iii) non-cash extraordinary losses (including non-cash losses realized on the sale of assets),
(iv) depreciation and amortization, (v) amortized debt discount for such period, (vi) the amount of any non-cash deduction as the result of any grant to any board members, management or employees of Parent of any equity interests in
Parent, (vii) non-recurring cash restructuring charges and independent company start-up costs incurred during the first 12 months after the Closing Date in an aggregate amount not to exceed $2,000,000, (viii) non-cash purchase accounting
effects related to the Acquisition Transaction, including loss of deferred revenue, (ix) the amount of any expenses or damages actually paid by Parent or its Subsidiaries in respect of the Adobe Litigation (as such term is defined in the Stock
Purchase Agreement) to the extent that such expenses or damages are reimbursed to Parent or its Subsidiaries pursuant to the Stock Purchase Agreement; (x) the amount of any expense attributable to payments under the Agfa Monotype Corporation
Incentive Compensation Plan made as of April 26, 2000, as amended or modified from time to time through the Closing Date; (xi) subject to compliance with Section 3.6(g), the amount of the TBP Payment (as defined in the Stock
Purchase Agreement) made in accordance with the terms of Section 8.05 of the Stock Purchase Agreement, (xii) the amount of any expenses or damages actually paid by Parent or its Subsidiaries in respect of the Bitstream litigation in an
aggregate amount not to exceed $630,000, (xiii) non-cash net losses attributable to foreign exchange transactions expensed during the fiscal quarter ending June 30, 2005 in an aggregate amount not to exceed $700,000, (xiv) the amount
of (A) any audit costs actually incurred by Parent or its Subsidiaries in connection with the annual financial statements delivered for the fiscal year ended December 31, 2004 in an aggregate amount not to exceed $250,000 and (B) any
out-of-pocket costs or expenses actually incurred by Parent or its Subsidiaries attributable to any upgrades to their accounting systems, the implementation of quarterly fiscal audit reviews and assuring compliance with all applicable effective
provisions of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated thereunder, in an aggregate amount for clauses (A) and (B) not to exceed 

  

 12 

 
$1,000,000, and (xv) the amount of any costs or expenses actually incurred by Parent or its Subsidiaries in connection with an underwritten public
offering of common Stock of Parent pursuant to a registration statement filed with the SEC, in an aggregate amount not to exceed $1,000,000, in the case of each of clauses (c)(i) through (c)(xv), as determined in accordance with GAAP;
provided, however, that EBITDA for the quarters ending September 30, 2003, December 31, 2003, March 31, 2004, June 30, 2004, September 30, 2004, December 31,
2004, March 31, 2005, and June 30, 2005 shall be deemed to be $3,909,000, $7,307,000, $6,605,000, $9,713,000, $8,136,000, $9,207,000, $9,988,000, and $9,074,000, respectively.1 
 (c) The proviso to the definition
of “Extraordinary Receipts” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety by inserting the following in replacement thereof: 
 “provided, however, that Extraordinary Receipts shall not include any cash received by any Loan Party in respect of
(i) the issuance of Convertible Preferred Stock and Common Stock pursuant to the Convertible Stock Purchase Agreement or any Employee Investment Agreement, (ii) the issuance of Common Stock pursuant to the Subordinated Note Purchase
Agreement, (iii) the issuance of Subordinated Notes, (iv) the reimbursement of any Adobe Litigation Costs or Adobe Damages pursuant to and as defined in the Stock Purchase Agreement, and (v) any amounts received from Seller under the
terms of the Stock Purchase Agreement with respect to a Working Capital Shortfall (as defined in the Stock Purchase Agreement).” 
 (d) The definition of “Facility Limiter Amount” is hereby amended and restated in its entirety by inserting the following in replacement thereof: 
 “Facility Limiter Amount” means, as of any date of determination, (a) during the period from and after the First
Amendment Effective Date up to and including December 31, 2006, the product of 4.75 times the TTM EBITDA and (b) thereafter, the product of 4.50 times the TTM EBITDA, in each case as determined based on the most recent
quarterly financial statements delivered to Agent pursuant to Section 5.3. 
 (e) The definition of
“Permitted Investments” is hereby amended by (i) renumbering existing clause (f) as new clause (g) and (ii) inserting the following as new clause (f): 
 “(f) Investments by any Loan Party in UK Subsidiary in an aggregate amount during any fiscal quarter period not in excess of
$150,000; provided that (i) no Default or Event of Default shall have occurred and be continuing, both before and immediately after giving effect to any such Investment, and (ii) the sum of Excess Availability plus Qualified Cash
equals or exceeds $2,000,000, both before and immediately after giving effect to any such Investment, and” 

	1	Note the only changes to EBITDA definition are with respect to the addition of clauses (xii) through (xv), and the addition of EBITDA amounts for Q4 2004, Q1
2005, and Q2 2005 in the last proviso of the definition. 

  

 13 

 (f) The definition of “Subordinated Notes” is hereby amended and restated in
its entirety by inserting the following in replacement thereof: 
 “Subordinated Notes” means, collectively,
(a) the Subordinated Notes, dated as of the date hereof, issued by Borrowers to the purchasers named thereon pursuant to the Subordinated Note Purchase Agreement, as in effect on the date hereof without modification or amendment thereto, and
(b) the Subordinated Notes issued by Monotype Imaging, Inc. to the purchasers named thereon pursuant to, and dated the date of, the applicable Employee Investment Agreements, as in effect on the date hereof without modification or amendment
thereto. 
 (g) The definition of “Term Loan” is hereby amended and restated in its entirety by inserting the
following in replacement thereof: 
 “Term Loan” means, (a) from and after the Closing Date up to (but
not including) the First Amendment Effective Date, the Original Term Loan, and (b) thereafter, collectively, the Original Term Loan and the Additional Term Loan. 
 (h) The definition of “Term Loan Amount” is hereby deleted in its entirety. 
 4.12. Amendments to Schedule 5.3. The time period referenced in the third row of the first column of Schedule 5.3 to the
Credit Agreement is hereby amended and restated in its entirety by inserting the following in replacement thereof: 
 “As
soon as available, but in any event (i) on or before August 31, 2005 with respect to Parent’s fiscal year ending December 31, 2004 (but solely with respect to the financial statements and Compliance Certificate relating to such
fiscal year then ended), and (ii) within 90 days after the end of each of Parent’s fiscal years thereafter.” 
 Section
5. Amendment to Investor Intercreditor Agreement. The Investor Intercreditor Agreement is hereby amended and restated as of the date this First Amendment becomes effective in accordance with Section 8 hereof by deleting
the first recital of the Investor Intercreditor Agreement and inserting the following in replacement thereof: 
 “WHEREAS, Borrowers (collectively, the “Applicable Debtors”) will issue the Subordinated Notes (collectively, the “Subordinated Notes”) to the Subordinating Creditors, in an aggregate principal amount
of $20,087,000, pursuant to (a) the Subordinated Note Purchase Agreement, dated as of the date hereof, by and among Borrowers and the purchasers named therein, and (b) the Employee Investment Agreements;” 
  

 14 

 Section 6. Amendment to Security Agreement. Schedules 1, 2, 3,
4, 5, 6, 7, and 8 of the Security Agreement are hereby amended and restated as of the date this First Amendment becomes effective in accordance with Section 8 hereof by deleting them in their entirety and
inserting in lieu thereof Schedules 1, 2, 3, 4, 5, 6, 7, and 8 of the Security Agreement attached as Appendix C hereto. 
 Section 7. Representations and Warranties. In order to induce Agent and each of the Lenders to enter into this First Amendment,
Administrative Borrower (on behalf of the Borrowers) hereby represents and warrants that: 
 7.01. No Default. At and as
of the date of this First Amendment and at and as of the Effective Date, and both prior to (except with respect to the Prepayment Default, the Contribution Default, the First Category Defaults, the Second Category Default, the Section 5.3
Default, the Section 5.9 Default, the Section 5.16 Default, the Section 6.1 Default, the Section 6.3(a) Default, and the Section 6.12 Default) and after giving effect to this First Amendment, no Default or Event of Default
exists. 
 7.02. Representations and Warranties True and Correct. At and as of the date of this First Amendment and at
and as of the Effective Date and both prior to (except with respect to the Prepayment Default, the Contribution Default, the First Category Defaults, the Second Category Default, the Section 5.3 Default, the Section 5.9 Default, the
Section 5.16 Default, the Section 6.1 Default, the Section 6.3(a) Default, and the Section 6.12 Default) and after giving effect to this First Amendment, each of the representations and warranties contained in the Credit
Agreement and the other Loan Documents is true and correct in all material respects (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations and warranties are true and
correct in all material respects as of such earlier date). 
 7.03. Corporate Power, Etc. Administrative Borrower
(a) has all requisite corporate power and authority to execute and deliver this First Amendment and to consummate the transactions contemplated hereby (on behalf of the Borrowers) and (b) has taken all action, corporate or otherwise,
necessary to authorize the execution and delivery of this First Amendment and the consummation of the transactions contemplated hereby (on behalf of the Borrowers). Administrative Borrower is entering into this First Amendment (on behalf of the
Borrowers) in accordance with Section 14.1 of the Credit Agreement. 
 7.04. No Conflict. The execution,
delivery and performance by Administrative Borrower (on behalf of the Borrowers) of this First Amendment will not (a) violate any provision of federal, state, or local law or regulation applicable to any Borrower, the Governing Documents of any
Borrower, or any order, judgment, or decree of any court or other Governmental Authority binding on any Borrower, (b) conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under any material
contractual obligation of any Borrower, (c) result in or require the creation or imposition of any Lien of any nature whatsoever upon any properties or assets of any Borrower, other than Permitted Liens, or (d) require any unobtained
approval of any Borrower’s interestholders or any unobtained approval or consent of any Person under any material contractual obligation of any Borrower. 
  

 15 

 7.05. Binding Effect. This First Amendment has been duly executed and delivered by
Administrative Borrower (on behalf of the Borrowers) and constitutes the legal, valid and binding obligation of Administrative Borrower (on behalf of the Borrowers), enforceable against Administrative Borrower (on behalf of the Borrowers) in
accordance with its terms, except as such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, relating to or affecting the enforcement of
creditors’ rights generally, and (b) the application of general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 
 Section 8. Conditions. This First Amendment shall be effective as of August 24, 2005 (the “Effective Date”) upon the
fulfillment by Administrative Borrower, in a manner satisfactory to Agent and the Lenders, of all of the following conditions precedent set forth in this Section 8: 
 8.01. Execution of the First Amendment. Each of the required parties hereto shall have duly executed an original counterpart of this
First Amendment and shall have delivered (including by way of facsimile or other electronic transmission) the same to Agent. 
 8.02.
Fees. Borrowers shall have paid to Agent and the Lenders all fees then due and owing to Agent and the Lenders pursuant to one or more fee letters dated as of the date hereof. 
 8.03. Delivery of Employee Investment Agreements and Subordinated Notes. Agent shall have received fully executed copies of
(a) each Employee Investment Agreement, and (b) the Subordinated Notes issued pursuant to the Employee Investment Agreements. 
 8.04. Evidence of Contribution. Agent shall have received satisfactory evidence of the Contribution. 
 8.05. Pledged Stock. Administrative Borrower shall have delivered to Agent the certificates representing 65% of the outstanding shares of the Stock of the Japanese Subsidiary owned by Administrative Borrower, together
with an undated stock power covering each such certificate, duly executed in blank, each in form and substance satisfactory to Agent. 
 8.06. Schedules. Administrative Borrower shall have delivered to Agent updates, as applicable, to (a) Schedules M-1, 4.5, 4.7(a), 4.7(b), 4.7(c), 4.8(b), 4.8(c), and
4.17 of the Credit Agreement, and (b) Schedules 1, 2, 3, 4, 5, 6, 7, and 8 of the Security Agreement, each in form and substance satisfactory to Agent. 
 8.07. Opinion of Counsel. Agent shall have received an opinion of Parent’s and Borrowers’ counsel, in form and substance
satisfactory to Agent. 
 8.08. Delivery of Other Documents. Agent shall have received all such instruments, documents
and agreements as Agent may reasonably request, in form and substance reasonably satisfactory to Agent. 
 8.09. Representations
and Warranties. As of the Effective Date, the representations and warranties set forth in Section 7 hereof shall be true and correct. 
  

 16 

 8.10. Compliance with Terms. Administrative Borrower shall have complied in all
respects with the terms hereof and of any other agreement, document, instrument or other writing to be delivered by Administrative Borrower (on behalf of the Borrowers) in connection herewith. 
 8.11. D.B. Zwirn Term Loan. Substantially simultaneously with the making of the Additional Term Loan by the Lenders to the Borrowers
on the Effective Date, Parent and Borrowers shall have consummated the D.B. Zwirn Term Loan Increase and all other transactions contemplated by the First Amendment to, and Waiver and Consent Under, the D.B. Zwirn Credit Agreement, and furnished
evidence thereof to Agent. 
 8.12. Excess Availability. Borrowers shall have no Advances outstanding and Cash and Cash
Equivalents subject to the dominion and control of Agent of not less than $1,000,000 after giving effect to the Additional Term Loan hereunder and under the D.B. Zwirn Credit Agreement and the payment of all fees and expenses required to be paid by
Borrowers on the Effective Date. 
 Section 9. Funding of Additional Term Loan. Each Lender with a Term Loan Commitment
shall fund its Pro Rata Share of the Additional Term Loan on the Effective Date. 
 Section 10. Miscellaneous.

 10.01. Continuing Effect. Except as specifically provided herein, the Credit Agreement and the other Loan Documents
shall remain in full force and effect in accordance with their respective terms and are hereby ratified and confirmed in all respects. 
 10.02. No Waiver; Reservation of Rights. This First Amendment is limited as specified and the execution, delivery and effectiveness of this First Amendment shall not operate as a modification, acceptance or waiver of
any provision of the Credit Agreement or any other Loan Document, except as specifically set forth herein. Notwithstanding anything contained in this First Amendment to the contrary, Agent and the Lenders expressly reserve the right to exercise any
and all of their rights and remedies under the Credit Agreement, any other Loan Document and applicable law in respect of any Default or Event of Default. 
 10.03. References. 
 (a) From and after the Effective Date, the Credit
Agreement, the Investor Intercreditor Agreement, and the other Loan Documents and all agreements, instruments and documents executed and delivered in connection with any of the foregoing shall each be deemed amended hereby to the extent necessary,
if any, to give effect to the provisions of this First Amendment. 
 (b) From and after the Effective Date, (i) all
references in the Credit Agreement to “this Agreement”, “hereto”, “hereof”, “hereunder” or words of like import referring to the Credit Agreement shall mean the Credit Agreement as amended hereby and
(ii) all references in the Credit Agreement, the other Loan Documents or any other agreement, instrument or document executed and delivered in connection therewith to “Credit Agreement”, “thereto”, “thereof”,
“thereunder” or words of like import referring to the Credit Agreement shall mean the Credit Agreement as amended hereby. 
  

 17 

 (c) From and after the Effective Date, (i) all references in the Investor
Intercreditor Agreement to “this Agreement”, “hereto”, “hereof”, “hereunder” or words of like import referring to the Investor Intercreditor Agreement shall mean the Investor Intercreditor Agreement as amended
hereby and (ii) all references in the Investor Intercreditor Agreement, the other Loan Documents or any other agreement, instrument or document executed and delivered in connection therewith to “Investor Intercreditor Agreement”,
“thereto”, “thereof”, “thereunder” or words of like import referring to the Investor Intercreditor Agreement shall mean the Investor Intercreditor Agreement as amended hereby. 
 10.04. Governing Law. THIS FIRST AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
 10.05. Severability. The provisions of this First Amendment are severable, and if any clause or provision shall
be held invalid or unenforceable in whole or in part in any jurisdiction, then such invalidity or unenforceability shall affect only such clause or provision, or part thereof, in such jurisdiction and shall not in any manner affect such clause or
provision in any other jurisdiction, or any other clause or provision in this First Amendment in any jurisdiction. 
 10.06.
Counterparts. This First Amendment may be executed in any number of counterparts, each of which counterparts when executed and delivered shall be an original, but all of which shall together constitute one and the same instrument.
Delivery of an executed counterpart of this First Amendment by telefacsimile or other electronic transmission shall be equally effective as delivery of a manually executed counterpart. A complete set of counterparts shall be lodged with the
Administrative Borrower, Agent and each Lender. 
 10.07. Headings. Section headings in this First Amendment are
included herein for convenience of reference only and shall not constitute a part of this First Amendment for any other purpose. 
 10.08. Binding Effect; Assignment. This First Amendment shall be binding upon and inure to the benefit of Borrowers, the Lenders and Agent and their respective successors and assigns; provided, however,
that the rights and obligations of Borrowers under this First Amendment shall not be assigned or delegated without the prior written consent of Agent. 
 10.09. Expenses. Borrowers agree to pay Agent upon demand for all reasonable expenses, including reasonable fees of attorneys and paralegals for Agent (who may be employees of Agent), incurred by
Agent in connection with the preparation, negotiation and execution of this First Amendment and any document required to be furnished herewith. 
 10.10. Integration. This First Amendment, together with the other Loan Documents, incorporates all negotiations of the parties hereto with respect to the subject matter hereof and is the final expression and agreement
of the parties hereto with respect to the subject matter hereof. 
 [Signature pages follow] 
  

 18 

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

			
	MONOTYPE IMAGING, INC., as Administrative Borrower, on behalf of the Borrowers
		
	By:	 	/s/ Douglas J. Shaw
		 	Name: Douglas J. Shaw
		 	Title:  Senior Vice President
	
	WELLS FARGO FOOTHILL, INC., as Agent and a Lender
		
	By:	 	/s/ M.E. Stearns
		 	Name: M.E. Stearns
		 	Title:  Executive Vice President
	
	D.B. ZWIRN SPECIAL OPPORTUNITIES FUND, L.P., as a Lender
		
	By:	 	D.B. Zwirn Partners, LLC, its General Partner
		
	By:	 	Zwirn Holdings, LLC, its Managing Member
		
	By:	 	/s/ Perry A. Gruss
		 	Name: Perry A. Gruss
		 	Title:  Authorized Signatory
	
	BERNARD NATIONAL LOAN INVESTORS, LTD, as a Lender
		
	By:	 	Bernard Capital Funding, LLC, its Investment Advisor
		
	By:	 	/s/ Perry A. Gruss
		 	Name: Perry A. Gruss
		 	Title:  Authorized Signatory

  

 19 

			
	GOLDMAN SACHS SPECIALTY LENDING HOLDINGS, INC., AS A LENDER
		
	By:	 	/s/ Michael W. Adler
		 	Name: Michael W. Adler
		 	Title:   Vice President
	
	BANK OF AMERICA, N.A. (f/k/a Fleet National Bank), as a Lender
		
	By:	 	/s/ William S. Rowe
		 	Name: William S. Rowe
		 	Title:   Principal
	
	CANPARTNERS INVESTMENTS IV, LLC, as a Lender
		
	By:	 	/s/ Joshua Friedman
		 	Name: Joshua Friedman
		 	Title:   Managing Partner
	
	GSC PARTNERS CDO FUND V, LIMITED,
	By:	 	GSCP (NJ), L.P., as Collateral Manager as a Lender
		
	By:	 	/s/ Harvey E. Siegel
		 	Name: Harvey E. Siegel
		 	Title:   Authorized Signatory
	
	GSC PARTNERS GEMINI FUND LIMITED,
	By:	 	GSCP (NJ), L.P., as Collateral Monitor
	By:	 	GSCP (NJ), INC., its General Partner as a Lender
		
	By:	 	/s/ Harvey E. Siegel
		 	Name: Harvey E. Siegel
		 	Title:   Authorized Signatory

  

 20 

			
	MCG CAPITAL CORPORATION, as a Lender
		
	By:	 	/s/ Thomas McLaughlin III
		 	Name: Thomas McLaughlin III
		 	Title:   Vice President
	
	CASTLE HILL I – INGOTS, LTD., as a Lender
		
	By:	 	/s/ James F. Kellogg III
		 	Name: James F. Kellogg III
		 	Title:   Managing Director
	
	CASTLE HILL II – INGOTS, LTD., as a Lender
		
	By:	 	/s/ James F. Kellogg III
		 	Name: James F. Kellogg III
		 	Title:   Managing Director
	
	CASTLE HILL III CLO, LTD., as a Lender
		
	By:	 	/s/ James F. Kellogg III
		 	Name: James F. Kellogg III
		 	Title:   Managing Director

  

 21 

 Appendix A 
 Schedule C-1 of the Credit Agreement 
 Commitments 
  

										
	 Lender
	  	Revolver
Commitment	  	Term Loan
Commitment	  	Total
Commitment
	 Wells Fargo Foothill, Inc.
	  	$	2,500,000.00	  	$	32,900,719.86	  	$	35,400,719.86
	 D.B. Zwirn Special Opportunities Fund, L.P.
	  	 	N/A	  	$	4,000,000.13	  	$	4,000,000.13
	 Bernard National Loan Investors, LTD
	  	 	N/A	  	$	6,666,666.87	  	$	6,666,666.87
	 Fleet National Bank
	  	$	2,500,000.00	  	$	13,333,333.00	  	$	15,833,333.00
	 Canyon Capital CDO 2001-1 LTD.
	  	 	N/A	  	$	1,750,000.00	  	$	1,750,000.00
	 Canyon Capital CDO 2002-1 LTD.
	  	 	N/A	  	$	1,750,000.00	  	$	1,750,000.00
	 Canyon Capital CDO 2004-1 LTD.
	  	 	N/A	  	$	5,000,000.00	  	$	5,000,000.00
	 Canpartners Investments IV, LLC
	  	 	N/A	  	$	1,500,000.00	  	$	1,500,000.00
	 Goldman Sachs Specialty Lending Holdings, Inc.
	  	 	N/A	  	$	16,000,000.00	  	$	16,000,000.00
	 GSC Partners CDO Fund V, Limited
	  	 	N/A	  	$	3,871,009.12	  	$	3,871,009.12
	 GSC Partners Gemini Fund Limited
	  	 	N/A	  	$	3,784,937.52	  	$	3,784,937.52
	 MCG Capital Corporation
	  	 	N/A	  	$	5,000,000.00	  	$	5,000,000.00
	 Castle Hill I – Ingots, LTD.
	  	 	N/A	  	$	1,333,000.00	  	$	1,333,000.00
	 Castle Hill II – Ingots, LTD.
	  	 	N/A	  	$	1,777,333.50	  	$	1,777,333.50
	 Castle Hill III CLO, LTD.
	  	 	N/A	  	$	1,333,000.00	  	$	1,333,000.00
	 All Lenders
	  	$	5,000,000	  	$	100,000,000	  	$	105,000,000

  

 Appendix A-1SECOND AMENDMENT TO AND CONSENT AND WAIVER UNDER CREDIT AGREEMENT

 Exhibit 10.38 
 Execution Version 
 SECOND AMENDMENT TO, AND 
 CONSENT AND WAIVER UNDER, CREDIT AGREEMENT AND SECURITY 
 AGREEMENT 
 THIS SECOND AMENDMENT TO, AND CONSENT AND WAIVER UNDER, CREDIT AGREEMENT AND SECURITY
AGREEMENT (this “Second Amendment”) is made and entered into as of July 28, 2006, by and among Monotype Imaging Holdings Corp., a Delaware corporation (“Parent”), Monotype Imaging, Inc., a Delaware corporation
(“Administrative Borrower”), International Typeface Corporation, a New York corporation (“Typeface” and together with Administrative Borrower, the “Borrowers”), the lenders listed on the signatory
pages hereof (the “Lenders”), and Wells Fargo Foothill, Inc., a California corporation, in its capacity as administrative agent (“Agent”). 
 W I T N E S S E T H: 
 WHEREAS, Parent, Borrowers, the Lenders and Agent are parties to that certain Credit Agreement, dated as of November 5, 2004 (as amended, modified, supplemented or amended and restated from time to time, the
“Credit Agreement”); 
 WHEREAS, Parent, Borrower and Agent are parties to that certain Security Agreement, dated as of
November 5, 2004 (as it may be amended, modified, supplemented or amended and restated from time to time, the “Security Agreement”); 
 WHEREAS, Administrative Borrower desires to enter into a Stock Purchase Agreement in the form of Exhibit A hereto (the “China Type Stock Purchase Agreement”), among Administrative Borrower and
the other shareholders (the “China Type Shareholders”) of China Type Design Limited, a limited liability company incorporated under the laws of Hong Kong (“China Type”), pursuant to which Administrative Borrower
shall acquire all of the shares in China Type held by the China Type Shareholders for a cash purchase price not to exceed $4,293,000, of which $2,593,000 shall be paid to the China Type Shareholders on the closing date of the China Type Stock
Purchase Agreement and $1,700,000 of which will be funded to an escrow account to be released as follows: $566,667 on the first anniversary of the closing date of the China Type Stock Purchase Agreement and $1,133,333 on the second anniversary of
the closing date of the China Type Stock Purchase Agreement, in each case, subject to the terms of such escrow agreement and the China Type Purchase Agreement (collectively, the “China Type Acquisition”); 
 WHEREAS, upon the consummation of the China Type Acquisition, Administrative Borrower shall own 100% of the outstanding capital stock of China Type;

 WHEREAS, absent a waiver from Agent and the Lenders, Administrative Borrower’s consummation of the China Type Acquisition in
accordance with the terms of the China Type Stock Purchase Agreement would violate Section 6.12 of the Credit Agreement; 
 WHEREAS, Parent and German Holdings (as defined below) desire to enter into a Share Purchase Agreement in the form of Exhibit B hereto (the “Linotype Purchase Agreement”), among Parent, Blitz 06-683 GmbH, a German
limited liability company (“German Holdings”), 

 
and Heidelberger Druckmaschinen Aktiengesellschaft, Kurfürsten-Anlage 52-60, 69115 Heidelberg (the “Linotype Seller”), pursuant to
which (i) Parent shall acquire certain assets of the Linotype Seller as set forth on Exhibit F (the “US Linotype Assets”) and (ii) German Holdings shall acquire all of the shares in Linotype GmbH, a limited
liability company incorporated under the laws of Germany (“Linotype”) for an aggregate cash purchase price not to exceed 45,500,000 Euros (collectively, the “Linotype Acquisition”); 
 WHEREAS, upon the consummation of the Linotype Acquisition, German Holdings shall own 100% of the outstanding capital stock of Linotype; 
 WHEREAS, absent a waiver from Agent and the Lenders, Parent’s and German Holdings’ consummation of the Linotype Acquisition in accordance with
the terms of the Linotype Purchase Agreement would violate Section 6.12 of the Credit Agreement; 
 WHEREAS, in order to finance
the Linotype Acquisition, Borrowers desire to (a) increase the Term Loan Amount under the Credit Agreement from $88,882,824 (the aggregate outstanding principal amount of the Term Loan under the Credit Agreement immediately prior to the
effectiveness of the Second Amendment) to $140,000,000, (b) increase the Maximum Revolver Amount under the Credit Agreement from $5,000,000 to $10,000,000, and (c) increase the Term Loan Amount under the D.B. Zwirn Credit Agreement from
$65,000,000 to $70,000,000 (the “D.B. Zwirn Term Loan Increase”); 
 WHEREAS, increasing the Term Loan Amount and the
Maximum Revolver Amount under the Credit Agreement requires the approval of all the Lenders; 
 WHEREAS, absent a waiver from Agent and the
Lenders, the D.B. Zwirn Term Loan Increase would violate Section 6.7(c) of the Credit Agreement; 
 WHEREAS, Parent and Borrowers
request the amendment of certain provisions of the Credit Agreement in connection with the China Type Acquisition, the Linotype Acquisition and the D.B. Zwirn Term Loan Increase; and 
 WHEREAS, Parent, Borrowers, Agent and the Lenders have agreed to amend the Credit Agreement and to consent to the China Type Acquisition, the Linotype
Acquisition and the D.B. Zwirn Term Loan Increase, all as herein provided, subject to the terms and conditions set forth herein; 
 NOW,
THEREFORE, in consideration of the agreements and provisions herein contained, the parties hereto do hereby agree as follows: 
 Section
1. Definitions. Any capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Credit Agreement. 
 Section 2. Consent and Waiver Under Credit Agreement. Subject to the satisfaction of the terms and conditions set forth herein, Agent and each of the Lenders hereby (a) consents to, and waives the
application of Section 6.12 of the Credit Agreement solely with respect to, Administrative Borrower’s consummation of the China Type Acquisition in accordance with the terms of the China Type Stock Purchase Agreement in the form of
Exhibit A  

 
hereto, (b) consents to, and waives the application of Section 6.12 of the Credit Agreement solely with respect to, Parent’s and German
Holdings’ consummation of the Linotype Acquisition in accordance with the terms of the Linotype Purchase Agreement in the form of Exhibit B hereto, and (c) consents to, and waives the application of Section 6.7(c) of the
Credit Agreement solely with respect to, the D.B. Zwirn Term Loan Increase to the extent that the Term Loan Amount under the D.B. Zwirn Credit Agreement does not exceed $70,000,000. 
 Section 3. Amendments to Credit Agreement. The Credit Agreement is hereby amended, effective as of the date this Second Amendment becomes
effective in accordance with Section 6 hereof, as follows: 
 3.01 Amendments to Section 2.2.
Section 2.2 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 “2.2 Term Loan. Subject to the terms and conditions of this Agreement, (i) on the Closing Date each Lender with a Term Loan Commitment agreed (severally, not jointly or jointly and severally) to make term loans
(collectively, the “Original Term Loan”) to Borrowers in an amount equal to such Lender’s Pro Rata Share of the Original Term Loan Amount, and (ii) on the First Amendment Effective Date, subject to the terms and conditions
of this Agreement, each Lender with a Term Loan Commitment agreed (severally, not jointly or jointly and severally) to make term loans (collectively, the “Additional Term Loan”) to Borrowers in an amount equal to such Lender’s
Pro Rata Share of the Additional Term Loan Amount. Prior to the Second Amendment Effective Date, the principal amount of the sum of (i) the Original Term Loan and (ii) the Additional Term Loan shall have been repaid in monthly
installments, beginning on the first day of the first month following the Closing Date, as follows: during the period of time from the Closing Date through the Second Amendment Effective Date, $750,000 per month. On the Second Amendment Effective
Date, subject to the terms and conditions of this Agreement, each Lender with a Second Additional Term Loan Commitment agrees (severally, not jointly or jointly and severally) to make term loans (collectively, the “Second Additional Term
Loan”) to Borrowers in an amount equal to its Second Additional Term Loan Commitment. From and after the Second Amendment Effective Date, the principal amount of the Term Loan shall be repaid in monthly installments, beginning on the first
day of the first month following the Second Amendment Effective Date, as follows: (a) during the period of time from the Second Amendment Effective Date through the first anniversary of the Second Amendment Effective Date, $791,666 per month;
(b) during the period of time from the first anniversary of the Second Amendment Effective Date through the second anniversary of the Second Amendment Effective Date, $1,041,666 per month; (c) during the period of time from the second
anniversary of the Second Amendment Effective Date through the third anniversary of the Second Amendment Effective Date, $1,083,333 per month; and (d) $1,166,666 per month thereafter, such installments to be due and payable on the first day of
each month, continuing until and including the Maturity Date, on which date the unpaid balance of the Term Loan would be due and payable in full. The outstanding unpaid principal balance and all accrued and unpaid interest under the Term Loan shall
be due and payable on the date of termination of this Agreement, whether by its terms, by prepayment, or by acceleration. All amounts outstanding under the Term Loan shall constitute Obligations. Once any portion of the Term Loan has been paid or
prepaid, it may not be reborrowed.” 

 3.02 Amendments to Section 3.2. Section 3.2 of the Credit Agreement is
hereby amended by inserting the following new sentence at the end of Section 3.2: 
 “The obligation of each Lender to make its
Second Additional Term Loan is subject to the fulfillment, to the satisfaction of Agent and each Lender, of each of the conditions precedent set forth on Schedule 3.2 (the making of such Second Additional Term Loan by a Lender being
conclusively deemed to be its satisfaction or waiver of such conditions precedent).” 
 3.03 Amendments to Section 3.3.
Section 3.3 of the Credit Agreement is hereby amended by amending and restating the first sentence of Section 3.3 in its entirety to read as follows: 
 “This Agreement shall continue in full force and effect for a term ending on the fifth anniversary of the Second Amendment Effective Date (the
“Maturity Date”).” 
 3.04 New Section 3.7. A new Section 3.7 is hereby added to the
Credit Agreement immediately after Section 3.6 to read as follows: 
 “3.7 Conditions Subsequent to the
Second Amendment Effective Date. The obligation of the Lender Group (or any member thereof) to make Advances and maintain the Term Loans (or otherwise extend credit hereunder) after the Second Amendment Effective Date is subject to the
fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default): 
 (a) promptly after execution thereof, true and complete copies of the China Type Acquisition Documents; 
 (b) on or prior to the date that is 10 Business Days after the closing of the China Type Acquisition Transaction, (i) Agent
shall have received an executed Pledged Interest Addendum pursuant to Section 6 of the Security Agreement with respect to a pledge of 65% of the issued and outstanding capital Stock of the Hong Kong Subsidiary entitled to vote and 100% of the
issued and outstanding capital Stock of the Hong Kong Subsidiary not entitled to vote, (ii) Agent (or its agent or designee) shall have received the stock certificates representing the same and stock powers duly executed in blank and
(iii) Agent shall have received a joinder to the Intercompany Subordination Agreement, duly executed by China Type. 
 (c) on or prior to the date that is 2 Business Days after the Second Amendment Effective Date, Agent (or its agent or designee) shall have received a copy of the notarial deed according to which shares of Stock of German Holdings shall have
been pledged to the Administrative Agent and the Lenders pursuant to the Security Agreement and the German Security Documents; 

 (d) on or prior to the date that is 15 Business Days after the Second Amendment Effective
Date, Agent shall have received an updated Schedule 4.17 to the Credit Agreement, in form and substance reasonably satisfactory to Agent. 
 (e) on or prior to the date that is 15 Business Days after the Second Amendment Effective Date, Agent shall have received updated Schedules 1, 2, 3, 4, 5, 6, 7 and
8 to the Security Agreement, in form and substance reasonably satisfactory to Agent. 
 (f) on or prior to the date
that is 2 Business Days after the Second Amendment Effective Date, Agent shall have received a joinder to the Intercompany Subordination Agreement, duly executed by each of German Holdings and Linotype. 
 (g) on or prior to the date that is 60 days after the Second Amendment Effective Date, Agent shall have received satisfactory evidence
that not less than the Required Library of all existing copyrights of Parent and its Subsidiaries have been registered with the United States Copyright Office; and 
 (h) on or prior to the date that is 60 days after the Second Amendment Effective Date, Agent shall have received evidence reasonably
satisfactory to it that the source and object code for each version or versions of each item of computer software programs or other technology of Parent and its Subsidiaries constituting the Required Library has been deposited with the escrow agent
in accordance with the terms and conditions of the Source Code Escrow Agreement, as provided in Section 6(g)(viii) of the Security Agreement.” 
 3.05 Amendments to Section 4.9. 
 (a) Clauses (a) through (d),
(f) and (h) of Section 4.9 of the Credit Agreement are hereby amended by deleting the phrase “the other Loan Documents and the Acquisition Documents” therein and substituting in lieu thereof the phrase “the
other Loan Documents, the Acquisition Documents, the China Type Acquisition Documents and the Linotype Acquisition Documents”. 
 (b) Clause (i) of Section 4.9 of the Credit Agreement is hereby amended by deleting the phrase “The Loan Documents and the Acquisition Documents” therein and substituting in lieu thereof the phrase
“The Loan Documents, the Acquisition Documents, the China Type Acquisition Documents and the Linotype Acquisition Documents”. 
 3.06 Amendments to Section 4.18. Section 4.18 of the Credit Agreement is hereby amended by deleting the phrase “the other Loan Documents, the Acquisition Documents” therein and substituting in lieu
thereof the phrase “the other Loan Documents, the Acquisition Documents, the China Type Acquisition Documents, the Linotype Acquisition Documents”. 

 3.07 Amendments to Section 4.20. Section 4.20 of the Credit Agreement is
hereby amended by inserting the following clauses (c) and (d) following the end of clause (b) thereof: 
 “(c) (i) As of the Second Amendment Effective Date, no party to any Linotype Acquisition Document or any China Type Acquisition Document is in default on any of its material obligations under such Linotype
Acquisition Document or China Type Acquisition Document, and after the Second Amendment Effective Date, no party to any Linotype Acquisition Document or China Type Acquisition Document is in default on any of its material obligations under such
Linotype Acquisition Document or such China Type Acquisition Document the default of which could reasonably be expected to adversely affect the Lender Group, (ii) all representations and warranties made by Parent, any Borrower, or German
Holdings (in the case of the Linotype Acquisition Documents) in the Linotype Acquisition Documents or the China Type Acquisition Documents and in the certificates delivered in connection therewith are true and correct in all material respects as of
the Second Amendment Effective Date and, to the best knowledge of Parent, each Borrower and German Holdings (in the case of the Linotype Acquisition Documents), all material representations and warranties made in the Linotype Acquisition Documents
and the China Type Acquisition Documents by or on behalf of the Linotype Seller and the China Type Shareholders, as the case may be, or any other party thereto other than any Loan Party party thereto, are true and correct in all material respects as
of the Second Amendment Effective Date, (iii) all written information (taken as a whole) with respect to the Linotype Acquisition Transaction and the China Type Acquisition Transaction furnished to Agent by or on behalf of any Loan Party was,
at the time the same was so furnished, complete and correct in all material respects, or has been subsequently supplemented by other written information to become complete and correct in all material respects, (iv) no representation, warranty
or statement made by any Loan Party party thereto, when taken as a whole, or, to the best knowledge of Parent, each Borrower, and German Holdings (in the case of the Linotype Acquisition), the Linotype Seller or the China Type Shareholders, as the
case may be, or any other party thereto other than any Loan Party party thereto, at the time made in any Linotype Acquisition Document, or any China Type Acquisition Document or any agreement, certificate, statement or document required to be
delivered pursuant to any Linotype Acquisition Document or any China Type Acquisition Document, when taken as a whole, contains any untrue statement of material fact or omits to state a material fact necessary in order to make the statements
contained therein not misleading in light of the circumstances in which they were made, and (v) in connection with the Linotype Acquisition Transaction, German Holdings is acquiring the Linotype Stock, and, on the Second Amendment Effective
Date, after giving effect to the transactions contemplated by the Linotype Acquisition Documents, will have good title to the Linotype Stock, free and clear of all Liens. 
 (d) (i) Parent, Borrowers and German Holdings (in the case of the Linotype Acquisition) have delivered to Agent a complete and
correct copy of the Linotype Acquisition Documents and China Type Acquisition Documents, including all schedules and exhibits thereto, (ii) each Linotype Acquisition Document and each China Type Acquisition Document sets forth the entire
agreement and understanding of the parties thereto relating to the subject matter thereof, and there are no other agreements, arrangements or understandings, written or oral, relating to the matters covered thereby, (iii) no Linotype
Acquisition Document and no China Type Acquisition Document has been amended or otherwise modified without the prior written consent of Agent, (iv) the 

 
execution, delivery and performance of each of the Linotype Acquisition Documents and each of the China Type Acquisition Documents has been duly authorized
by all necessary action on the part of each Loan Party party thereto and, to the best knowledge of Parent, each Borrower and German Holdings (in the case of the Linotype Acquisition), each other Person party thereto, (v) the Linotype
Acquisition Transaction and the China Type Acquisition Transaction has been effected in accordance with the terms of the Linotype Acquisition Documents and all applicable law, (vi) at the time of consummation of the Linotype Acquisition
Transaction and the China Type Acquisition Transaction, there does not exist any judgment, order or injunction prohibiting or imposing any material adverse condition upon the consummation of the Linotype Acquisition Transaction or the China Type
Acquisition Transaction, (vii) at the time of consummation thereof, all consents and approvals of, and filings and registrations with, and all other actions in respect of, all Government Authorities required in order to consummate the Linotype
Acquisition Transaction and the China Type Acquisition Transaction shall have been obtained, given, filed or taken and shall be in full force and effect, (viii) all actions taken by the Loan Parties pursuant to or in furtherance of the Linotype
Acquisition Transaction and the China Type Acquisition Transaction have been taken in compliance in all material respects with the Linotype Acquisition Documents or the China Type Acquisition Documents, as the case may be, and applicable law, and
(ix) each Linotype Acquisition Document and each China Type Acquisition Document is the legal, valid and binding obligation of each Loan Party party thereto and, to the best knowledge of Parent, each Borrower and German Holdings (in the case of
the Linotype Acquisition Transaction), the other parties thereto, enforceable against such parties in accordance with its terms.” 
 3.08 Amendments to Section 5.17. Section 5.17 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 “5.17 Acquisition Transaction; Linotype Acquisition Transaction. 
 (a) Contemporaneously with the making of the Original Term Loan: (i) cause all transactions contemplated by the Acquisition Documents
to be consummated; (ii) cause the Acquisition Transaction and the Merger to become effective; and (iii) furnish evidence thereof to Agent, as well as certified (as of the Closing Date) true and complete copies of the Acquisition Documents,
which shall be in compliance with all applicable laws and for which all necessary approvals shall have been obtained in connection therewith. 
 (b) Contemporaneously with making the Second Additional Term Loan: (i) cause all transactions contemplated by the Linotype Acquisition Documents to be consummated; (ii) cause the Linotype Acquisition
Transaction to become effective; and (iii) furnish evidence thereof to Agent, as well as certified (as of the Second Amendment Effective Date) true and complete copies of the Linotype Acquisition Documents, which shall be in compliance with all
applicable laws and for which all necessary approvals shall have been obtained in connection therewith. 

 (c) Promptly provide Agent with true and complete copies of any and all material
documents delivered by or to any Loan Party pursuant to the terms of the Acquisition Documents, the China Type Acquisition Documents or the Linotype Acquisition Documents.” 
 3.09 New Section 5.23. The Credit Agreement is hereby amended by adding the following new Section 5.23: 
 “5.23 Foreign Subsidiaries. Within 30 days of the first date on which any Foreign Subsidiary that is not a Loan Party becomes
a Material Foreign Subsidiary, Borrower shall cause all holders of Capital Stock issued by such Material Foreign Subsidiary that are Loan Parties to execute and deliver to Agent such share or stock pledge agreements with respect to the capital Stock
issued by such Material Foreign Subsidiary as Agent shall require, which stock pledge agreements shall be governed by the laws of the jurisdiction of organization of the issuer of such capital Stock and be in form and substance satisfactory to
Agent, together with (a) appropriate certificates and powers with respect to such Stock, and (b) all other documentation, including one or more opinions of counsel satisfactory to Agent, which in its opinion are appropriate with respect to
the execution and delivery of such stock pledge agreements; provided, that only 65% of the total outstanding voting capital Stock issued by such Material Foreign Subsidiary shall be required to be pledged if hypothecating a greater amount would,
based on the projections of the Loan Parties, result in material adverse tax consequences to Parent and its Subsidiaries, taken as a whole.” 
 3.10 Amendments to Section 6.3. Section 6.3(a) Section 6.3(a) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:”(a) Except for the Merger and the Permitted
Merger, enter into any merger, consolidation, reorganization, or recapitalization, or reclassify its Stock,” 
 3.11 Amendments to
Section 6.5. Section 6.5 is hereby amended by inserting the phrase “or within 30 days of the Second Amendment Effective Date, in connection with the Linotype Acquisition Transaction, change German Holdings’
name to Monotype Imaging Germany GmbH” immediately after the term “Merger” in such section. 
 3.12 Amendments to
Section 6.7. Clause (c) of Section 6.7 of the Credit Agreement is hereby amended by deleting subclause (iii) thereof and substituting in lieu thereof “(iii) any of the Acquisition Documents, the China
Type Acquisition Documents or the Linotype Acquisition Documents,” 
 3.13 Amendments to Section 6.14.
Section 6.14(a) of the Credit Agreement is hereby amended by deleting the phrase “and (b) thereafter, consistent with the terms and conditions hereof, to finance ongoing working capital, capital expenditures, and general
corporate needs of Parent and Borrowers following the Acquisition Transaction and the Merger and for its lawful and permitted purposes.” and substituting in lieu thereof the following: 
 “(b) on the Second Amendment Effective Date, to (i) finance the Linotype Acquisition Transaction and (ii) pay transactional
fees, costs, and expenses incurred in connection with the Linotype Acquisition Documents, and the transactions contemplated thereby, and (c) thereafter, consistent with the terms and conditions hereof, to finance ongoing working capital,
capital expenditures, and general corporate needs of Parent and Borrowers following the Acquisition Transaction, the Merger and the Linotype Acquisition Transaction, and for its lawful and permitted purposes.” 

 3.14 Amendments to Section 6.16. Section 6.16 of the Credit Agreement is hereby
amended and restated in its entirety to read as follows: 
 “6.16 Financial Covenants. 
 (a) Fail to maintain or achieve: 
 (i) Minimum TTM EBITDA. TTM EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: 
  

				
	Applicable Amount	  	 Applicable Period

	$	31,000,000	  	For the 12 month period ending June 30, 2006
	$	39,500,000	  	For the 12 month period ending September 30, 2006
	$	39,500,000	  	For the 12 month period ending December 31, 2006
	$	40,000,000	  	For the 12 month period ending March 31, 2007
	$	40,000,000	  	For the 12 month period ending June 30, 2007
	$	41,000,000	  	For the 12 month period ending September 30, 2007
	$	41,000,000	  	For the 12 month period ending December 31, 2007
	$	42,000,000	  	For the 12 month period ending March 31, 2008
	$	42,000,000	  	For the 12 month period ending June 30, 2008
	$	42,000,000	  	For the 12 month period ending September 30, 2008
	$	42,000,000	  	For the 12 month period ending December 31, 2008
	$	43,000,000	  	For the 12 month period ending March 31, 2009
	$	43,000,000	  	For the 12 month period ending June 30, 2009
	$	43,000,000	  	For the 12 month period ending September 30, 2009
	$	43,000,000	  	For the 12 month period ending December 31, 2009
	$	43,000,000	  	For the 12 month period ending each quarter thereafter

 (ii) Fixed Charge Coverage Ratio. A Fixed Charge Coverage Ratio, measured on a
quarter-end basis, of at least the required ratio set forth in the following table for the applicable period set forth opposite thereto: 
  

			
	Applicable Ratio	  	 Applicable Period

	1.0:1.0	  	For the 12 month period ending June 30, 2006
	1.0:1.0	  	For the 12 month period ending each quarter thereafter

 (b) Leverage Ratio. Permit the Leverage Ratio, as at the end of each period
set forth below, to exceed the required ratio set forth in the following table for the applicable period: 
  

			
	 Applicable Ratio
	  	 Applicable Period

	4.50:1.00	  	For the 12 month period ending June 30, 2006
	5.25:1.00	  	For the 12 month period ending September 30, 2006
	5.20:1.00	  	For the 12 month period ending December 31, 2006
	5.10:1.00	  	For the 12 month period ending March 31, 2007
	5.00:1.00	  	For the 12 month period ending June 30, 2007
	4.85:1.00	  	For the 12 month period ending September 30, 2007
	4.65:1.00	  	For the 12 month period ending December 31, 2007
	4.60:1.00	  	For the 12 month period ending March 31, 2008
	4.50:1.00	  	For the 12 month period ending June 30, 2008
	4.35:1.00	  	For the 12 month period ending September 30, 2008
	4.15:1.00	  	For the 12 month period ending December 31, 2008
	4.00:1.00	  	For the 12 month period ending March 31, 2009
	3.85:1.00	  	For the 12 month period ending June 30, 2009
	3.65:1.00	  	For the 12 month period ending September 30, 2009
	3.40:1.00	  	For the 12 month period ending December 31, 2009
	3.25:1.00	  	For the 12 month period ending each quarter thereafter

 (c) Capital Expenditures. Make Capital Expenditures in any fiscal year in excess
of the amount set forth in the following table for the applicable period: 
  

				
	Applicable Amount	  	 Applicable Period

	$	2,000,000	  	Fiscal Year 2006
	$	2,000,000	  	Fiscal Year 2007
	$	2,000,000	  	Fiscal Year 2008
	$	2,000,000	  	Fiscal Year 2009”

 3.15 Amendments to Section 14.1(j). Section 14.1(j) of the Credit
Agreement is hereby amended and restated in its entirety to read as follows: 
 “(j) change the definition of
“Maximum Revolver Amount, “Original Term Loan Amount”, “Additional Term Loan Amount”, or “Second Additional Term Loan Amount”, or” 
 3.16 Amendments to Section 15.1. Section 15.1 of the Credit Agreement is hereby amended by inserting the following new sentences at the end of Section 15.1: 
 “Each Lender hereby authorizes the Agent to act on its behalf and in its name and to represent it in any way whatsoever in connection
with the preparation, execution and delivery of each German Security Document and the perfection and monitoring of each security interest granted under any German Security Document (a “German Security Interest”), including but not
limited to, any pledge agreement with respect to shares in a German company in notarial form, as well as any other pledge, mortgage, assignment or transfer of title for security purposes. This power of attorney includes the power to enter into and
agree to the terms of, and any amendments to, any agreements which are necessary or desirable in this context, the power to make and receive any and all declarations and to perform any and all actions which are necessary or appropriate in this
context, whether in private written form (private Schriftform) or in notarial form. Each Lender hereby approves (genehmigt) all declarations the Agent has made in connection with the preparation, execution and delivery of each German
Security Document as well as the perfection and monitoring of each German Security Interest. The Agent shall have the sole power of attorney and shall be released from the restrictions of self-dealing according to Section 181 of the German
Civil Code (BGB) and shall be authorized to delegate this power of attorney, including the release from the restrictions of Section 181 of the German Civil Code. The Agent shall (i) hold such German Security Interest, if any, which
is transferred or assigned by way of security (Sicherungsübereignung/ Sicherungsabtretung) or otherwise granted under a non-accessory security right (nicht akzessorische Sicherheit) as trustee (Treuhänder) for the
benefit of the Lenders; and (ii) administer in the name and on behalf of the Lenders such German Security Interest which is pledged (Verpfändung) or otherwise transferred under an accessory security right (akzessorische
Sicherheit) to the Lenders.” 
 3.17 Amendments to Table of Contents. The table of Exhibits and Schedules is
hereby amended by deleting the text “Schedule 3-1 Conditions Precedent” therein and inserting in lieu thereof the following: 
  

			
	 “Schedule 3.1
	  	Conditions Precedent (Closing Date)
	 Schedule 3.2
	  	Conditions Precedent (Second Additional Term Loan)”.

 3.18 Amendments to Schedule C-1. Schedule C-1 to the Credit Agreement is hereby
amended by deleting such Schedule in its entirety and inserting in lieu thereof the Schedule attached thereto as Exhibit C. 
 3.19 Amendments to Schedule 1.1. Schedule 1.1 to the Credit Agreement is hereby amended as follows: 
 (a) The following additional definitions shall be inserted in Schedule 1.1 to the Credit Agreement in proper alphabetical order: 
 “‘China Type Acquisition Documents’ means the China Type Stock Purchase Agreement and the other documents,
instruments and agreements executed and delivered in connection with the China Type Acquisition Transaction.” 
 “‘China Type Acquisition Transaction’ means the acquisition of the Stock of the Hong Kong Subsidiary pursuant to the terms of the China Type Stock Purchase Agreement.” 
 “‘China Type Shareholders’ means those certain shareholders of the Hong Kong Subsidiary.” 
 “‘China Type Stock Purchase Agreement’ means that certain Stock Purchase Agreement dated on or about July 31,
2006, by and between the Administrative Borrower and the shareholders of the Hong Kong Subsidiary party thereto.” 
 “‘D.B. Zwirn Second Amendment’ means that certain Second Amendment to, and Consent and Waiver Under, Credit Agreement, dated as of July 28, 2006, by and among the Loan Parties, D.B. Zwirn, for itself and as agent
for the lenders party thereto, and the lenders from time to time party thereto.” 
 “‘Foreign
Subsidiary’ means, individually and collectively, the German Subsidiaries, the Hong Kong Subsidiary, the Japanese Subsidiary, the UK Subsidiary, or any other Subsidiary of the Parent that is not organized under the laws of the United States
or any State thereof.” 
 “‘German Holdings’ means Blitz 06-683 GmbH, a German limited liability
company.” 
 “‘German Security Documents’ means the notarial share pledge agreement for all
existing and future shares in German Holdings in favor of the Administrative Agent and the Lenders, as pledgees.” 
 “‘German Security Interest’ has the meaning specified therefore in Section 15.1. 
 “‘German Subsidiaries’ means German Holdings and Linotype.” 

 “‘Hong Kong Subsidiary’ means China Type Design Limited, a limited
liability company organized under the laws of Hong Kong.” 
 “‘Linotype’ means Linotype GmbH, a
limited liability company organized under the laws of Germany.” 
 “‘Linotype Acquisition
Documents’ means the Linotype Purchase Agreement and the other documents, instruments and agreements executed and delivered in connection with the Linotype Acquisition Transaction.” 
 “‘Linotype Acquisition Transaction’ means the acquisition of the US Linotype Assets and the Linotype Stock pursuant
to the terms of the Linotype Purchase Agreement.” 
 “‘Linotype Purchase Agreement’ means that
certain Share Purchase Agreement, dated August 1, 2006, by and between Parent, German Holdings and the Linotype Seller.” 
 “‘Linotype Seller’ means Heidelberger Druckmaschinen Aktiengesellschaft, Kurfürsten-Anlage 52-60, 69115 Heidelberg.” 
 “‘Linotype Stock’ means the Stock of Linotype, as further described in the Linotype Purchase Agreement.”

 “‘Material Foreign Subsidiary’ means, as of any date of determination, any Foreign Subsidiary that
(i) has generated revenues in excess of $4,000,000 during the immediately preceding 12 consecutive month period, or (ii) has assets having an aggregate book value in excess of $4,000,000.” 
 “‘Permitted Merger’” means the merger of Linotype with and into German Holdings with German Holdings as the
surviving entity, provided that (a) no other provision of this Agreement would be violated thereby, (b) Borrowers give Agent at least 30 days’ prior written notice of such merger, (c) no Default or Event of Default shall have
occurred and be continuing either before or after giving effect to such transaction, (d) Agent’s and Lenders’ rights in any Collateral, including, without limitation, the existence, perfection and priority of any Lien thereon, are not
adversely affected by such merger, and (e) the capital Stock of the surviving entity of such merger continues to be the subject of the German Security Documents after giving effect to such merger.” 
 “‘Second Additional Term Loan’ has the meaning specified therefor in Section 2.2.” 
 “‘Second Additional Term Loan Amount’ means an amount equal to $51,117,176.” 
 “‘Second Additional Term Loan Commitment’ means, with respect to each Lender, its Second Additional Term Loan
Commitment, and with respect to all Lenders, their Second Additional Term Loan Commitments, in each case as such Dollar amounts 

 
are set forth beside such Lender’s name under the applicable heading on Schedule C-1 or in the Assignment and Acceptance pursuant to which such
Lender became a Lender hereunder, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1. 
 “‘Second Amendment’ means that certain Second Amendment to, and Consent and Waiver Under, Credit Agreement and
Security Agreement, dated as of July 28, 2006, by and among the Loan Parties, the Lenders and the Agent.” 
 “‘Second Amendment Effective Date’ means the date that Section 3 of the Second Amendment becomes effective in accordance with Section 6 thereof.” 
 “‘US Linotype Assets’ means the assets acquired from the Linotype Seller pursuant to the terms of the Linotype
Purchase Agreement as set forth on Exhibit F hereto.” 
 (b) The definition of “Base Rate Margin”
is hereby amended and restated in its entirety to read as follows: 
 “‘Base Rate Margin’ means 1.75 percentage
points.” 
 (c) The definition of “Commitment” is hereby amended and restated in its entirety to read as
follows: 
 “‘Commitment’ means, respect to each Lender, its Revolver Commitment, its Term Loan
Commitment, or its Total Commitment, as the context requires, and, with respect to all Lenders, their Revolver Commitments, their Term Loan Commitments, or their Total Commitments, as the context requires, in each case as such Dollar amounts are set
forth beside such Lender’s name under the applicable heading on Schedule C-1 (as may be updated from time to time by the Agent) or in the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder, as such amounts
may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1. 
 (d) The definition of “Facility Limiter Amount” is hereby amended and restated in its entirety to read as follows: 
 “‘Facility Limiter Amount’ means, as of any date of determination, (a) during the period from and after the
Second Amendment Effective Date up to and including December 31, 2006, the product of 5.25 times the TTM EBITDA and (b) thereafter, the product of 4.75 times the TTM EBITDA, in each case, as determined based on the most
recent quarterly financial statements delivered to Agent pursuant to Section 5.3.” 
 (e) The definition of
“LIBOR Rate Margin” is hereby amended and restated in its entirety to read as follows: 
 “‘LIBOR Rate Margin’ means 3.25 percentage points.” 

 (f) The definition of “Loan Documents” is hereby amended by deleting the
phrase “the Fee Letter, the Guaranty” therein and substituting in lieu thereof the phrase “the Fee Letter, the German Security Documents, the Guaranty”. 
 (g) The definition of “Maximum Revolver Amount” is hereby amended and restated in its entirety to read as follows:

 “‘Maximum Revolver Amount’ means $10,000,000.” 
 (h) The definition of “Permitted Investments” is hereby amended as follows: 
 (i) Clause (f) is hereby amended and restated in its entirety to read as follows: 
 “(f) Investments by the Loan Parties in the Foreign Subsidiaries in an aggregate amount during any fiscal quarter period not in
excess of $400,000; provided that (i) no Default or Event of Default shall have occurred and be continuing, both before and immediately after giving effect to any such Investment, and (ii) the sum of WFF Excess Availability plus
Qualified Cash equals or exceeds $2,000,000, both before and immediately after giving effect to any such Investment,” 
 (ii) Existing clause (g) is hereby renumbered as new clause “(h)” and the new clause “(g)” in inserted as follows: 
 “(g) Investments by Parent in German Holdings and Linotype in the form of an intercompany loan to be made as of the date of the making of the Second Additional Term Loan, in an aggregate principal amount not to
exceed $31,000,000, in connection with the Linotype Acquisition Transaction; and” 
 (i) The definition of “Term
Loan” is hereby amended and restated in its entirety to read as follows: 
 “‘Term Loan’ means,
(a) from and after the Closing Date up to (but not including) the First Amendment Effective Date, the Original Term Loan, (b) from and after the First Amendment Effective Date up to (but not including) the Second Amendment Effective Date,
collectively, the Original Term Loan and the Additional Term Loan, and (c) thereafter, collectively, the Original Term Loan, the Additional Term Loan, and the Second Additional Term Loan.” 
 (j) The definition of “Term Loan Commitment” is hereby amended and restated in its entirety to read as follows:

 “‘Term Loan Commitment’ means, with respect to each Lender, its Term Loan Commitment, and with
respect to all Lenders, their Term Loan Commitments, in each case as such Dollar amounts are set forth beside such Lender’s name under the applicable heading on Schedule C-1 or in the Assignment and Acceptance pursuant to which such
Lender became a Lender hereunder, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1; provided, that as of the Second Amendment Effective
Date, the term “Term Loan Commitment” shall include the Second Additional Term Loan Commitment.” 

 3.20 Amendments to Schedules to Credit Agreement. Each of Schedules M-1, 4.5, 4.7(A),
4.7(B), 4.7(C), 4.8(B) and 4.8(C) to the Credit Agreement is hereby amended by deleting such Schedule in its entirety and inserting in lieu thereof the Schedules attached hereto as Exhibit D. 
 3.21 Schedule 3.2. Schedule 3.2 is hereby added to the Credit Agreement following Schedule 3.1 in the form attached hereto as
Exhibit F. 
 3.22 Amendments to Schedule 5.3. Clause (o) of Schedule 5.3 to the Credit Agreement is
hereby amended and restated in its entirety to read as follows: 
 “(o) copies of any notices of default or
non-compliance delivered by or to any Loan Party in connection with the Acquisition Documents, the China Type Acquisition Documents or the Linotype Acquisition Documents (in each case, to the extent not previously delivered pursuant to
Section 5.17(c)), and” 
 Section 4. Amendments to Security Agreement. Each of Schedules
1, 2, and 3 to the Security Agreement are hereby amended and restated as of the date this Second Amendment becomes effective in accordance with Section 6 hereof by deleting them in their entirety and inserting in lieu
thereof Schedules 1, 2 and 3 of the Security Agreement attached hereto as Exhibit E. 
 Section 5. Representations and Warranties. In order to induce Agent and the Lenders to enter into this Second Amendment, Parent and Borrowers hereby represent and warrant that: 
 5.01 No Default. At and as of the date of this Second Amendment, and both prior to and after giving effect to this Second Amendment, no
Default or Event of Default exists. 
 5.02 Representations and Warranties True and Correct. At and as of the date of this
Second Amendment and at and as of the Effective Date and after giving effect to this Second Amendment, each of the representations and warranties contained in the Credit Agreement and the other Loan Documents is true and correct in all material
respects (except to the extent that such representations and warranties relate solely to an earlier date). 
 5.03 Corporate Power,
Etc. Parent and each Borrower (a) has all requisite corporate power and authority to execute and deliver this Second Amendment and to consummate the transactions contemplated hereby and (b) has taken all action, corporate or
otherwise, necessary to authorize the execution and delivery of this Second Amendment. Parent and each Borrower is entering into this Second Amendment in accordance with Section 14.1 of the Credit Agreement. 
 5.04 No Conflict. The execution, delivery and performance by Parent and each Borrower of this Second Amendment will not (a) violate
any provision of federal, state, or local law or regulation applicable to Parent or any Borrower, the Governing Documents of Parent or 

 
any Borrower, or any order, judgment, or decree of any court or other Governmental Authority binding on Parent or any Borrower, (b) conflict with,
result in a breach of, or constitute (with due notice or lapse of time or both) a default under any material contractual obligation of Parent or any Borrower, (c) result in or require the creation or imposition of any Lien of any nature
whatsoever upon any properties or assets of Parent or any Borrower, other than Permitted Liens, or (d) require any unobtained approval of Parent’s or any Borrower’s interestholders or any unobtained approval or consent of any Person
under any material contractual obligation of Parent or any Borrower. 
 5.05 Binding Effect. This Second Amendment has been
duly executed and delivered by Parent and each Borrower and constitutes the legal, valid and binding obligation of Parent and each Borrower, enforceable against Parent and each Borrower in accordance with its terms, except as such enforceability may
be limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, relating to or affecting the enforcement of creditors’ rights generally, and (b) the application of
general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 
 Section 6.
Conditions. This Second Amendment shall be effective as of July 28, 2006 (the “Effective Date”) upon the fulfillment by Parent and each Borrower, in a manner reasonably satisfactory to the Agent and the
Lenders, of all of the following conditions precedent set forth in this Section 6 (provided, that notwithstanding the foregoing, Section 3 and Section 4 of this Second Amendment shall not become effective until the
Linotype Acquisition is consummated in accordance with the Linotype Purchase Agreement in the form of Exhibit B hereto). 
 6.01
Execution of the Second Amendment. Each of the required parties hereto shall have executed an original counterpart of this Second Amendment and shall have delivered (including by way of facsimile transmission or other electronic
transmission) the same to Agent. 
 6.02 Representations and Warranties. As of the Effective Date, the representations and
warranties set forth in Section 5 hereof shall be true and correct. 
 6.03 Compliance with Terms. Parent and each
Borrower shall have complied in all respects with the terms hereof and of any other agreement, document, instrument or other writing to be delivered by Parent or any Borrower in connection herewith. 
 6.04 D.B. Zwirn Second Amendment. Substantially simultaneously with the execution hereof, Parent, each Borrower, D.B. Zwirn, as agent under
the D.B. Zwirn Credit Agreement, and the Lenders (as defined in the D.B. Zwirn Credit Agreement) shall have executed a substantially similar amendment under the D.B. Zwirn Credit Agreement, and furnished evidence thereof to Agent. 
 6.05 Delivery of Other Documents. Agent shall have received all such instruments, documents, fee letters and agreements as the Agent may
reasonably request, in form and substance reasonably satisfactory to the Agent. 

 Section 7. Miscellaneous. 
 7.01 Continuing Effect. Except as specifically provided herein, the Credit Agreement and the other Loan Documents shall remain in full
force and effect in accordance with their respective terms and are hereby ratified and confirmed in all respects. It is understood and agreed by the parties hereto that this Second Amendment constitutes a Loan Document. Accordingly, it shall be an
Event of Default under the Credit Agreement if (a) any representation or warranty made by Parent or any Borrower under or in connection with this Second Amendment shall have been untrue in any material respect when made, or (b) Parent or
any Borrower shall fail to perform or observe any term, covenant or agreement contained in this Second Amendment, in each case, after giving effect to any applicable grace period under the Credit Agreement. 
 7.02 No Waiver; Reservation of Rights. This Second Amendment is limited as specified and the execution, delivery and effectiveness of this
Second Amendment shall not operate as a modification, acceptance or waiver of any provision of the Credit Agreement or any other Loan Document, except as specifically set forth herein. Notwithstanding anything contained in this Second Amendment to
the contrary, Agent and the Lenders expressly reserve the right to exercise any and all of their rights and remedies under the Credit Agreement, any other Loan Document and applicable law in respect of any Default or Event of Default. 
 7.03 Governing Law. THIS CONSENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 7.04 Severability. The provisions of this Second Amendment are severable, and if any clause or provision shall be held invalid or
unenforceable in whole or in part in any jurisdiction, then such invalidity or unenforceability shall affect only such clause or provision, or part thereof, in such jurisdiction and shall not in any manner affect such clause or provision in any
other jurisdiction, or any other clause or provision in this Second Amendment in any jurisdiction. 
 7.05 Counterparts. This
Second Amendment may be executed in any number of counterparts, each of which counterparts when executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. Delivery of an executed counterpart
of this Second Amendment by telefacsimile or other electronic transmission shall be equally effective as delivery of a manually executed counterpart. A complete set of counterparts shall be lodged with each of Administrative Borrower and Agent.

 7.06 Headings. Section headings in this Second Amendment are included herein for convenience of reference only and shall not
constitute a part of this Second Amendment for any other purpose. 
 7.07 Binding Effect; Assignment. This Second Amendment
shall be binding upon and inure to the benefit of Parent, Borrowers, the Lenders and Agent and their respective successors and assigns; provided, however, that the rights and obligations of Parent and Borrowers under this Second
Amendment shall not be assigned or delegated without the prior written consent of Agent. 

 7.08 Expenses. Borrowers agree to pay Agent upon demand for all reasonable expenses,
including reasonable fees of attorneys and paralegals for Agent (who may be employees of Agent), incurred by Agent in connection with the preparation, negotiation and execution of this Second Amendment and any document required to be furnished
herewith. 
 7.09 Integration. This Second Amendment, together with the other Loan Documents, incorporates all negotiations of
the parties hereto with respect to the subject matter hereof and is the final expression and agreement of the parties hereto with respect to the subject matter hereof. 
 [Signature pages follow] 

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

					
	 MONOTYPE IMAGING HOLDINGS CORP.,
 as
Parent

		
	By:	 	/s/ Robert M. Givens
		 	Name:	 	Robert M. Givens
		 	Title:	 	President
	
	 MONOTYPE IMAGING, INC.,
 as a
Borrower

		
	By:	 	/s/ Robert M. Givens
		 	Name:	 	Robert M. Givens
		 	Title:	 	President
	
	 INTERNATIONAL TYPEFACE CORPORATION,
 as a Borrower

		
	By:	 	/s/ Robert M. Givens
		 	Name:	 	Robert M. Givens
		 	Title:	 	President
	
	 WELLS FARGO FOOTHILL, INC., as Agent
 and a Lender

		
	By:	 	/s/ David Sanchez
		 	Name:	 	David Sanchez
		 	Title:	 	Vice President

 [SIGNATURE PAGE TO SECOND AMENDMENT] 

					
	 D.B. ZWIRN SPECIAL OPPORTUNITIES
 FUND, L.P., as a Lender

		
	By:	 	D.B. Zwirn Partners, LLC,
		 	its General Partner
		
	By:	 	Zwirn Holdings, LLC,
		 	its Managing Member
		
	By:	 	/s/ Perry A. Gruss
		 	Name:	 	Perry A. Gruss
		 	Title:	 	Authorized Signatory
	
	 BERNARD NATIONAL LOAN INVESTORS,
 LTD, as a Lender

		
	By:	 	Bernard Capital Funding, LLC, its Investment Advisor
		
	By:	 	/s/ Perry A. Gruss
		 	Name:	 	Perry A. Gruss
		 	Title:	 	Authorized Signatory

 [SIGNATURE PAGE TO SECOND AMENDMENT] 

					
	 GOLDMAN SACHS SPECIALTY LENDING
 HOLDINGS, INC., AS A LENDER

		
	By:	 	/s/ Stephen W. Hipp
		 	Name:	 	Stephen W. Hipp
		 	Title:	 	Authorized Signatory

 [SIGNATURE PAGE TO SECOND AMENDMENT] 

 EXHIBIT C 
 Schedule C-1 
 Commitments 
 Schedule C-1 of the Credit Agreement 
 Commitments 
  

									
	 Lender
	  	Revolver
Commitment	  	Term Loan
Commitment	  	Second
Additional
Term Loan
Commitment	  	 Total
 Commitment

	 Wells Fargo Foothill, Inc.
	  	$10,000,000	  	$116,297,913.00	  	$51,117,176	  	$126,297,913.00
	 D.B. Zwirn Special Opportunities Fund, L.P.
	  	N/A	  	$3,555,313.00	  	N/A	  	$3,555,313.00
	 Bernard National Loan Investors, Ltd.
	  	N/A	  	$5,925,522.00	  	N/A	  	$5,925,522.00
	 Goldman Sachs Specialty Lending Holdings, Inc.
	  	N/A	  	$14,221,252.00	  	N/A	  	$14,221,252.00
	 All Lenders
	  	$10,000,000	  	$140,000,000	  	$51,117,176	  	$150,000,000

 Exhibit F 
 Schedule 3.2 
 The obligation of each Lender to make its Second Additional Term Loan is subject to
the fulfillment, to the satisfaction of Agent and each Lender (the making of such extension of credit by any Lender being conclusively deemed to be its satisfaction or waiver of the following), of each of the following conditions precedent:

 (a) the Second Amendment Effective Date shall occur on or before August 1, 2006; 
 (b) Agent shall have received each of the following documents, in form and substance satisfactory to Agent, duly executed, and each such document shall
be in full force and effect: 
  

	 	(i)	a Copyright Security Agreement, duly executed by Parent, 

  

	 	(ii)	a disbursement letter executed and delivered by Parent and Borrowers to Agent regarding the extensions of credit to be made on the Second Amendment Effective Date,

  

	 	(iii)	the German Security Documents, duly executed by Parent, German Holdings and Linotype, as applicable, 

  

	 	(iv)	a Patent Security Agreement, duly executed by Parent, 

  

	 	(v)	a Pledge Addendum (as defined in the Security Agreement, duly executed by Parent and German Holdings, 

  

	 	(vi)	a Trademark Security Agreement, duly executed by Parent, and 

  

	 	(vii)	an amendment to the WFF and D.B. Zwirn Intercreditor Agreement. 

 (c) Substantially simultaneously with the extensions of credit by the Lenders to the Borrowers on the Second Amendment Effective Date, Parent and Borrowers shall have consummated all transactions contemplated by the Linotype Acquisition
Documents and the D.B. Zwirn Second Amendment and furnished evidence thereof to Agent. Parent and Borrowers shall have delivered a certificate (dated as of the Second Amendment Effective Date) of an Authorized Person attaching true and correct
copies of the Linotype Acquisition Documents and the D.B. Zwirn Second Amendment. Such certificate of the Authorized Person shall certify that the attached documents are true and correct copies of the Linotype Acquisition Documents and the D.B.
Zwirn Second Amendment and that such documents have been entered into by the Loan Parties in compliance with all applicable laws and all necessary approvals and are in full force and effect; 

 (d) Agent shall have received a certificate from the Secretary of Administrative Borrower attesting that
there exists no (i) litigation, investigation or proceeding (judicial or administrative) pending or, to the best knowledge of Administrative Borrower, threatened, against any Loan Party, or any of its Subsidiaries by any Governmental Authority
arising out of the transactions contemplated by or effected in connection with the Linotype Acquisition Documents or the D.B. Zwirn Second Amendment, (ii) injunction, writ or restraining order restraining or prohibiting the transactions
contemplated by the Linotype Acquisition Documents or the consummation of the financing arrangements contemplated under the Second Amendment, or (iii) suit, action, investigation, proceeding (judicial or administrative) or ERISA Event pending
or, to the best knowledge of Administrative Borrower, threatened against any Loan Party or any of its Subsidiaries which could reasonably be expected to result in a Material Adverse Change; 
 (e) All director, stockholder, and material governmental and third party consents and approvals necessary in connection with each aspect of the Linotype
Acquisition and the transactions contemplated by the Second Amendment shall have been obtained or waived by Agent (without the imposition of any conditions that are not acceptable to Agent) and shall remain in effect; all applicable waiting periods
shall have expired without any adverse action being taken by any competent authority; and no law or regulation shall be applicable in the judgment of Agent that restrains, prevents or imposes material adverse conditions upon any aspect of the
Linotype Acquisition or transactions contemplated by the Second Amendment; 
 (f) Agent shall have received a certificate from the Secretary
of each Loan Party (i) attesting to the resolutions of such Loan Party’s Board of Directors authorizing its execution, delivery, and performance of the Second Amendment, and the Credit Agreement and the other Loan Documents as amended
thereby, (ii) authorizing specific officers of such Loan Party to execute the same, and (iii) attesting to the incumbency and signatures of such specific officers of such Loan Party; 
 (g) Agent shall have received copies of each Loan Party’s Governing Documents, as amended, modified, or supplemented to the Second Amendment
Effective Date, certified by the Secretary of such Loan Party; 
 (h) Agent shall have received a certificate of status with respect to each
Loan Party, dated within 10 days of the Second Amendment Effective Date, such certificate to be issued by the appropriate officer of the jurisdiction of organization of such Loan Party, which certificate shall indicate that such Loan Party is in
good standing in such jurisdiction; 
 (i) Agent shall have received opinions of Loan Parties’ U.S. and German counsel, and Agent’s
German counsel, in each case, in form and substance reasonably satisfactory to Agent; 
 (j) Borrowers shall have Required Availability after
giving effect to the initial extensions of credit hereunder and under the D.B. Zwirn Credit Agreement as contemplated by the Second Amendment and the payment of all fees and expenses required to be paid by Borrowers on the Second Amendment Effective
Date under the Second Amendment, the other Loan Documents, the D.B. Zwirn Loan Documents the Linotype Acquisition Documents and the China Type Acquisition Documents, and Agent shall have received reasonably satisfactory evidence thereof; 

 (k) Borrowers shall have paid all Lender Group Expenses incurred in connection with the transactions
contemplated by the Second Amendment and for which reasonably detailed invoices have been received prior to the Second Amendment Effective Date; 
 (l) Agent and its counsel shall be reasonably satisfied with the corporate structure of Parent and its Subsidiaries following the Linotype Acquisition and the China Type Acquisition; 
 (m) Parent, Borrowers and each of their respective Subsidiaries shall have received all material licenses, approvals or evidence of other actions
required by any Governmental Authority in connection with the execution and delivery by Parent, Borrowers or their respective Subsidiaries of the Linotype Acquisition Documents or with the consummation of the transactions contemplated thereby that
are required by law to be held or received; 
 (n) Administrative Borrower shall have delivered to Agent updates, as applicable, to
(a) Schedules M-1, 4.5, 4.7(A), 2.7(B), 4.7(C), 4.8(B) and 4.8(C) of the Credit Agreement and (b) Schedules 1, 2, and 3 of the Security Agreement, each in form and substance satisfactory to Agent; and 
 (o) all other documents and legal matters in connection with the transactions contemplated by the Agreement shall have been delivered, executed, or
recorded and shall be in form and substance reasonably satisfactory to Agent.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]