Document:

Second Amendment to the Amended and Restated Shareholders' Agreement

 Exhibit 10.25 
 SECOND AMENDMENT TO 
 AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT 
 THIS SECOND AMENDMENT TO THE MOZAIC GROUP LTD. AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT (this “Second Amendment”) is made as of the
27th day of September 2005 by and among MOZAIC GROUP LTD., a Missouri corporation (“Mozaic”), SOUTHERN GRAPHIC SYSTEMS, INC., a Kentucky corporation (“SGS”), and the Persons listed on pages 2 and 3 of the signature pages attached
hereto (the “Other Minority Shareholders”). 
 WHEREAS, SGS, Mozaic and the Other Minority Shareholders are parties to the Mozaic
Group Ltd. Amended and Restated Shareholders’ Agreement dated June 30, 2004, as amended by a First Amendment dated as of August 18, 2005 (as amended, the “Agreement”); 
 WHEREAS, the parties desire to amend the Agreement pursuant to this Second Amendment; and 
 WHEREAS, this Second Amendment is being made in connection with a $1,000,000 contribution to the capital of Mozaic (the “Capital Contribution”)
by SGS, DCS Real Estate, L.L.C. and DCS Family Investments, LLC, and the issuance of shares of Mozaic’s Class A and Class B stock in consideration thereof, as approved by Mozaic’s shareholders and directors effective as of
September 27, 2005. 
 NOW, THEREFORE, in consideration of the mutual covenants set forth herein and in the Agreement, and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties acknowledge and agree as follows: 
 1. (a) Section 1.2 of the Agreement is hereby amended, to read in its entirety as follows: 
 1.2 The number of shares of capital stock of the Company which are issued and outstanding is shown on Schedule 2, which may be amended from time to time. 
 (b) Schedule 2 to the Agreement, reflecting the issuance of shares in consideration of the Capital Contribution, is attached to this
Second Amendment. 

 2. A new Section 2.6 is hereby added to the Agreement, to read in its entirety as
follows: 
 2.6 Additional Required Approvals. Any action requiring Board approval under Section 2.4 and/or
Shareholder approval under Section 2.5 shall, before being undertaken, (i) be approved in writing by the President of SGS and (ii) receive all other approvals required by the corporate policies and procedures of SGS and Alcoa Inc.,
including, without limitation, special transaction clearance and/or request for authorization approval. 
 3. Capitalized
terms used in this Second Amendment and not otherwise defined herein shall have the meanings provided in the Agreement. 
 4.
Except as expressly amended hereby, all of the terms and conditions of the Agreement shall continue in full force and effect. If there is a conflict between the terms and conditions set forth in this Second Amendment and the terms and conditions set
forth in the Agreement, the terms set forth in this Second Amendment shall prevail. 
 [Signatures appear on the following three pages]

  

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 SIGNATURE PAGE TO SECOND AMENDMENT TO 
 AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT 
 (page 1 of 3) 
 IN WITNESS WHEREOF, this Second Amendment has been duly executed by the parties hereto as of the day and year first above written. 
 

 

 SIGNATURE PAGE TO SECOND AMENDMENT TO 
 AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT 
 (page 2 of 3) 
 IN WITNESS WHEREOF, this Second Amendment has been duly executed by the parties hereto as of the day and year first above written. 
 

 

 SIGNATURE PAGE TO SECOND AMENDMENT TO 
 AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT 
 (page 3 of 3) 
 IN WITNESS WHEREOF, this Second Amendment has been duly executed by the parties hereto as of the day and year first above written. 
 

 
 

 
 

 
 

 
 

 
 

 

 SCHEDULE 2 TO 
 AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT 
 Issued and Outstanding Capital Stock 
  

							
	 Shareholder
	  	Number of Shares	  	Total Shares
	  	Class A	  	Class B	  
	 DCS Real Estate, L.L.C.
	  	0	  	22,227	  	22,227
	 DCS Ventures, LLC
	  	1	  	25,499	  	25,500
	 DCS Family Investments, LLC
	  	9,902	  	71,993	  	81,895
	 Southern Graphic Systems, Inc.
	  	10,314	  	142,563	  	152,877
	 Raymond E. Earlewine
	  	1	  	2,999	  	3,000
	 Jeffrey M. Stein
	  	1	  	2,789	  	2,790
	 Tom N. Tham
	  	1	  	2,769	  	2,770
	 Patrick J. Bradley
	  	1	  	2,943	  	2,944
	 William J. Irvine, III
	  	1	  	2,947	  	2,948
	 Kenneth W. Reece
	  	1	  	2,823	  	2,824
		  	 	  	 	  	 
	 TOTAL
	  	20,223	  	279,552	  	299,775

 SECOND AMENDMENT TO 
 AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT 
 SPOUSAL CONSENT 
 The undersigned, being the spouse of Pat Bradley, hereby states and acknowledges as follows: 
 CONSENT 
 I have read the Second Amendment to Amended and Restated
Shareholders’ Agreement and understand its terms. I irrevocably consent to my spouse’s entering into the Second Amendment to Amended and Restated Shareholders’ Agreement and I irrevocably consent to its terms, provisions and
operation. I waive any marital interest I may have or any requirement that my consent be obtained with respect to the conveyance of my spouse’s Shares in accordance with the Amended and Restated Shareholders’ Agreement as amended by the
Second Amendment. 
 Dated this 29 day of September 2005. 
 

 

 SECOND AMENDMENT TO 
 AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT 
 SPOUSAL CONSENT 
 The undersigned, being the spouse of Raymond E. Earlewine, hereby states and acknowledges as follows: 
 CONSENT 
 I have read the Second
Amendment to Amended and Restated Shareholders’ Agreement and understand its terms, I irrevocably consent to my spouse’s entering into the Second Amendment to Amended and Restated Shareholders’ Agreement and I irrevocably consent to
its terms, provisions and operation. I waive any marital interest I may have or any requirement that my consent be obtained with respect to the conveyance of my spouse’s Shares in accordance with the Amended and Restated Shareholders’
Agreement as amended by the Second Amendment. 
 Dated this 28th day of September 2005. 
 

 

 SECOND AMENDMENT TO 
 AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT 
 SPOUSAL CONSENT 
 The undersigned, being the spouse of William Irvine, hereby states and acknowledges as follows: 
 CONSENT 
 I have read the Second
Amendment to Amended and Restated Shareholders’ Agreement and understand its terms. I irrevocably consent to my spouse’s entering into the Second Amendment to Amended and Restated Shareholders’ Agreement and I irrevocably consent to
its terms, provisions and operation. I waive any marital interest I may have or any requirement that my consent be obtained with respect to the conveyance of my spouse’s Shares in accordance with the Amended and Restated Shareholders’
Agreement as amended by the Second Amendment. 
 Dated this 29 day of September 2005. 
 

 

 SECOND AMENDMENT TO 
 AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT 
 SPOUSAL CONSENT 
 The undersigned, being the spouse of Ken Reece, hereby states and acknowledges as follows: 
 CONSENT 
 I have read the Second Amendment to Amended and Restated
Shareholders’ Agreement and understand its terms. I irrevocably consent to my spouse’s entering into the Second Amendment to Amended and Restated Shareholders’ Agreement and I irrevocably consent to its terms, provisions and
operation. I waive any marital interest I may have or any requirement that my consent be obtained with respect to the conveyance of my spouse’s Shares in accordance with the Amended and Restated Shareholders’ Agreement as amended by the
Second Amendment. 
 Dated this 28 day of September 2005. 
 

 

 SECOND AMENDMENT TO 
 AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT 
 SPOUSAL CONSENT 
 The undersigned, being the spouse of Jeff Stein, hereby states and acknowledges as follows: 
 CONSENT 
 I have read the Second Amendment to Amended and Restated
Shareholders’ Agreement and understand its terms. I irrevocably consent to my spouse’s entering into the Second Amendment to Amended and Restated Shareholders’ Agreement and I irrevocably consent to its terms, provisions and
operation. I waive any marital interest I may have or any requirement that my consent be obtained with respect to the conveyance of my spouse’s Shares in accordance with the Amended and Restated Shareholders’ Agreement as amended by the
Second Amendment. 
 Dated this 29 day of September 2005. 
 

 

 SECOND AMENDMENT TO 
 AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT 
 SPOUSAL CONSENT 
 The undersigned, being the spouse of Tom Tham, hereby states and acknowledges as follows: 
 CONSENT 
 I have read the Second Amendment to Amended and Restated
Shareholders’ Agreement and understand its terms. I irrevocably consent to my spouse’s entering into the Second Amendment to Amended and Restated Shareholders’ Agreement and I irrevocably consent to its terms, provisions and
operation. I waive any marital interest I may have or any requirement that my consent be obtained with respect to the conveyance of my spouse’s Shares in accordance with the Amended and Restated Shareholders’ Agreement as amended by the
Second Amendment. 
 Dated this 29 day of September 2005.Stock Purchase Agreement, dated June 30, 2004

 Exhibit 10.26 
 FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT 
 THIS FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT (this
“First Amendment”) is made as of the 18th day of August 2005 by and among SOUTHERN GRAPHIC SYSTEMS, INC., a Kentucky corporation (“SGS”), MOZAIC GROUP LTD., a Missouri corporation (“Mozaic”), and Mary Ann Gibson, an
individual residing in the State of Florida (“MAG”). 
 WHEREAS, SGS, Mozaic and MAG are parties to a Stock Purchase Agreement
dated as of June 30, 2004 (the “Agreement”); 
 WHEREAS, the parties desire to amend the Agreement pursuant to this First
Amendment; and 
 WHEREAS, this First Amendment is being made in connection with amendments of even date herewith to the Loan Agreement dated
June 30, 2004 between Alcoa Securities Corporation and Mozaic Group Ltd.; the Employment Agreement dated as of June 30, 2004 between Mozaic Group Ltd. and Mary Ann Gibson; and the Mozaic Group Ltd. Amended and Restated Shareholders’
Agreement dated June 30, 2004 among Mozaic Group Ltd., Southern Graphic Systems, Inc., and the Persons listed on Schedule 1 attached thereto (collectively, the “Other Amendments”). 
 NOW, THEREFORE, in consideration of the mutual covenants set forth herein and in the Agreement, the Other Amendments, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties acknowledge and agree as follows: 
 1. The definitions of “Year 1” and “Year 2” contained in Article I of the Agreement are amended to read in their entirety as follows: 
 “ ‘Year 1’ means the twelve-month period beginning on July 1, 2004 and ending on June 30, 2005.” 

“ ‘Year 2’ means the twelve-month period beginning on July 1, 2005 and ending on June 30, 2006.”

 2. The following definition of “Year 3” is added to Article I of the Agreement: 
 “ ‘Year 3’ means the twelve-month period beginning on July 1, 2006 and ending on June 30, 2007.” 

3. Sections 3.5.1 (a)(i) and 3.5.1 (a)(ii) of the Agreement are amended to read in their entirety as follows: 
 (i) $600,000 if the Sales equal or exceed $15,000,000 and EBITDA equals or exceeds $3,088,800 in Year 2; and 

 (ii) $800,000 if the Sales equal or exceed $25,000,000 and EBITDA equals or exceeds
$6,682,000 in Year 3. 
 4. Examples 1, 2, 3 and 4 contained in Section 3.5.1 (c) of the Agreement are amended by
deleting each reference to “Year 1” and replacing it with a reference to “Year 2”. 
 5. There being two
subsections designated as 3.5.1(d) in the Agreement the subsection 3.5.1 (d) beginning with the words “Each Shareholder Earn-Out Payment” is redesignated as subsection 3.5.1(e). 
 6. Capitalized terms used in this First Amendment and not otherwise defined herein shall have the meanings provided in the Agreement.

 7. Except as expressly amended hereby, all of the terms and conditions of the Agreement shall continue in full force and
effect. If there is a conflict between the terms and conditions set forth in this First Amendment and the terms and conditions set forth in the Agreement, the terms set forth in this First Amendment shall prevail. 
 IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed as of the day and year first above written. 
 

 
  

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