Document:

Fourth Amendment to Credit Agreement effective September 27, 2006

 EXHIBIT 10.45 
 FOURTH AMENDMENT TO CREDIT AGREEMENT 
 MULTI-COLOR CORPORATION, an Ohio corporation (the
“Company”), LASALLE BANK NATIONAL ASSOCIATION, PNC BANK, NATIONAL ASSOCIATION, KEYBANK NATIONAL ASSOCIATION and HARRIS TRUST AND SAVINGS BANK (each individually a “Lender” and collectively the
“Lenders”), and LASALLE BANK NATIONAL ASSOCIATION, as agent for the Lenders (the “Agent”), hereby agree as follows effective as of September 27, 2006 (the “Effective Date”): 
  

	1.	Recitals. 

  

	 	1.1	Effective as of July 12, 2002, the Company, the Lenders and the Agent entered into a Fifth Amended and Restated Credit, Reimbursement and Security Agreement, which amended and
fully restated a Credit, Reimbursement and Security Agreement originally dated as of July 15, 1994 (as amended by the First Amendment to Credit Agreement dated as of December 30, 2003, as further amended by the Second Amendment to Credit
Agreement dated as of June 30, 2004, and as further amended by the Third Amendment and Consent Agreement dated as of January 25, 2005, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein will
have the meanings given such terms in the Credit Agreement. 

  

	 	1.2	The Company has requested that the Lenders extend the Termination Date of the Credit Facilities for ninety (90) days, and the Lenders are willing to do so subject to and in
accordance with the terms of this Fourth Amendment to Credit Agreement (this “Amendment”). 

  

	2.	Amendments to Credit Agreement. 

 2.1.
Section 1.1.137 of the Credit Agreement is hereby deleted in its entirety and replaced with the following: 
  

	 	1.1.137	“Termination Date” will mean November 1, 2007; provided, however, that the Termination Date will in no event be later than the date on which all
of the Commitments for the Credit Facilities will have been terminated in whole, whether by expiration or upon acceleration. 

 2.2 The following is added as Section 2.13.2.e of the Credit Agreement: 
  

	 	e.	Letter of Credit and Standby Letter of Credit Fronting Fees. In addition to the Letter of Credit Fees set forth in Section 2.13.2.d., above, the Company will pay
to the Agent, for the Agent’s account, a fronting fee as set forth in the Fee Letter dated as of September 27, 2006 by and between the Agent and the Company. 

  

 - 1 - 

	3.	Representations, Warranties and Covenants of the Company. To induce the Lenders and the Agent to enter into this Amendment, the Company represents, warrants and covenants as
follows: 

  

	 	3.1	The execution, delivery and performance by the Company of this Amendment are within its corporate powers, have been duly authorized by all necessary corporate action, and require no
action by or in respect of, or filing with, any governmental or regulatory body, agency or official. The execution, delivery and performance by the Company of this Amendment do not conflict with, or result in a breach of the terms, conditions or
provisions of, constitute a default under or in violation of, the terms of its organizational documents as in effect on the Effective Date, any applicable law, any rule, regulation, order, writ, judgment or decree of any court or governmental or
regulatory agency or instrumentality, or any material agreement or instrument to which it is a party or by which it is bound or to which it is subject. 

  

	 	3.2	This Amendment has been duly executed and delivered on behalf of the Company and constitutes a legal, valid and binding obligation of the Company enforceable against the Company in
accordance with its terms, subject to the effects of (i) bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors’ rights generally and (ii) general equitable principles (regardless of whether
enforcement is sought in equity or law). 

  

	 	3.3	As of the Effective Date, all of the Company’s covenants, representations and warranties set forth in the Credit Agreement or in the other Loan Documents to which it is a party
are, to the extent they do not expressly relate to an earlier date, true and correct as of the date hereof, and no Potential Default, Default or Event of Default under or within the meaning of the Credit Agreement or the other Loan Documents has
occurred and is continuing. 

  

	4.	Claims and Release of Claims by the Company. The Company represents and warrants that neither the Company nor any of its Subsidiaries has any claims, counterclaims, setoffs,
actions or causes of action, damages or liabilities of any kind or nature whatsoever whether at law or in equity, in contract or tort, whether now accrued or hereafter maturing (collectively, “Claims”) against any Lender or the Agent,
their respective direct or indirect parent corporations or any direct or indirect affiliates of such parent corporation, or any of the foregoing’s respective directors, officers, employees, agents, attorneys and legal representatives, or the
successors and assigns of any of them (collectively, “Lender Parties”), that directly or indirectly arise out of, are based upon or are in any manner connected with any Prior Related Event (as defined below). As an inducement to the
Lenders and the Agent to enter into this Amendment, the Company on behalf of itself, its Subsidiaries, and all of their respective successors and assigns, hereby knowingly and voluntarily releases and discharges all Lender Parties from any and all
Claims, whether known or unknown, that directly or indirectly arise out of, are based upon, or are in any manner connected with any Prior Related Event. As used herein, the term “Prior Related Event” means any transaction, event,
circumstance, action, failure to act, occurrence of any sort or type, whether known or unknown, which occurred, existed, 

  

 - 2 - 

 was taken, permitted or begun at any time prior to the Effective Date or occurred, existed, was taken,
permitted or begun in accordance with, pursuant to or by virtue of any of the terms of the Credit Agreement or any documents executed in connection with the Credit Agreement or which was related to or connected in any manner, directly or indirectly,
to any of the Loans, Notes, or Letters of Credit. 
  

	5.	Conditions. On or prior to the Effective Date, each of the following conditions precedent shall have been satisfied. The Company agrees that any failure by the Company to
satisfy each of the following conditions will not in any way affect or impair its obligations or be construed as a waiver by the Agent or the Lenders of, or otherwise affect, any of the Agent’s or the Lenders’ rights under the Credit
Agreement or any of the other Loan Documents. 

  

	 	5.1	Fees and Expenses. The Agent shall have received evidence of payment by the Company of all accrued and unpaid fees, costs and expenses to the extent due and payable on the
Effective Date, together with all expenses and reasonable attorneys’ fees incurred by the Agent or any Lender in connection with the preparation, execution and delivery of this Amendment and the related documents to the extent invoiced as of
the Effective Date, plus such additional amounts as shall constitute the Agent’s reasonable estimate of post-closing fees, costs and expenses (provided that such estimate shall not thereafter preclude final settling of accounts
between the Company and the Agent). 

  

	 	5.2	Officer’s Certificates. The Agent shall have received a certificate, dated as of the Effective Date, signed by a duly authorized officer of the Company, certifying that
(A) no change has occurred with regard to the Company’s Articles of Incorporation or Regulations since January 25, 2005 (the effective date of the Third Amendment and Consent Agreement), or to the organizational documents of any of
the Company’s Subsidiaries since January 25, 2005 or the most recent certification to the Lenders, whichever is later, and (B) each of the representations and warranties made by the Company in this Amendment is true and correct on and
as of the Effective Date. 

  

	 	5.3	Proof of Authority. The Agent shall have received copies, certified by the Secretary of the Company to be true and complete on and as of the Effective Date, of records of all
action taken by the Company to authorize (i) the execution and delivery of this Amendment; and (ii) the performance of all of the Company’s obligations under this Amendment. 

  

	 	5.4	No Adverse Changes. Since March 31, 2006 (the date of the most recent audited financial statements of the Company delivered to the Agent), no changes shall have occurred
in the assets, liabilities, financial condition, business, operations or prospects of the Company or any of its Subsidiaries which, individually or in the aggregate, are materially adverse to the Company or any of its Subsidiaries, and the Agent
shall have completed, to its reasonable satisfaction, such review of the status of all current and pending legal issues, if any, as the Agent shall deem necessary or appropriate. 

  

 - 3 - 

	 	5.5	Performance, Etc. The Company shall have duly and properly performed, complied with, and observed each of its covenants, agreements, and obligations contained in this
Amendment. 

  

	 	5.6	Other Information. The Agent shall have received such other information concerning the Company or any of its Subsidiaries and such other agreements, instruments or
certificates relating to the Credit Agreement and the Obligations as the Agent or any Lender may reasonably require. 

  

	6.	General. 

  

	 	6.1	Except as expressly modified herein, the Credit Agreement is and remains in full force and effect. 

  

	 	6.2	Nothing contained herein will be construed as waiving any Default, Potential Default or Event of Default or will affect or impair any right, power or remedy of any Lender or the
Agent under or with respect to the Credit Agreement, any of the other Loan Documents, or any agreement or instrument guaranteeing, securing or otherwise relating to the Credit Agreement. 

  

	 	6.3	Any renewal of, restatement of, replacement of or substitution for the Credit Agreement, any of the Notes, or any of the other Loan Documents will not be deemed to constitute a
novation thereof, or to release or otherwise adversely affect any lien, mortgage or security interest securing any of the Obligations or any rights of the Agent or any Lender against any guarantor, surety or other party primarily or secondarily
liable for any of the Obligations. 

  

	 	6.4	This Amendment will be binding upon and inure to the benefit of the Company, the Lenders, the Agent, and their respective successors and assigns. 

  

	 	6.5	All representations, warranties and covenants made by the Company herein will survive the execution and delivery of this Amendment. 

  

	 	6.6	This Amendment may be executed in one or more counterparts, each of which will be deemed an original and all of which together will constitute one and the same instrument.

  

	 	6.7	This Amendment will, in all respects, be governed by and construed in accordance with the laws of the State of Ohio, without regard to conflict of laws principles.

 [The remainder of this page intentionally left blank.] 
 This Amendment is executed as of the Effective Date. 
  

 - 4 - 

			
	 MULTI-COLOR CORPORATION,
 as
the Company

		
	By:	 	 /s/ Mary T. Fetch

	Print Name:	 	Mary T. Fetch
	Title:	 	Treasurer
	
	 LASALLE BANK NATIONAL ASSOCIATION,
 on its own behalf as a Lender and as the Agent

		
	By:	 	 /s/ Shawna Elkus

	Print Name:	 	Shawna Elkus
	Title:	 	Vice President
	
	 PNC BANK, NATIONAL ASSOCIATION,
 as a Lender

		
	By:	 	 /s/ William R. Flax

	Print Name:	 	William R. Flax
	Title:	 	Vice President
	
	 KEYBANK NATIONAL ASSOCIATION,
 as a Lender

		
	By:	 	 /s/ Louis A. Fender

	Print Name:	 	Louis A. Fender
	Title:	 	Senior Vice President
	
	 HARRIS N.A. (As successor by merger with
 Harris Trust and Savings Bank)
 as a Lender

		
	By:	 	 /s/ David L. Mistic

	Print Name:	 	David L. Mistic
	Title:	 	Vice President

  

 - 5 -Amendment No. 1 dated as of September 29, 2006

 EXHIBIT 4.1 
 WEGENER CORPORATION 
 and 
 SECURITIES TRANSFER CORPORATION 
 Rights Agent 
 AMENDMENT NO. 1 
 Dated as of September 29, 2006 
 To 
 STOCKHOLDER RIGHTS AGREEMENT 

Dated as of May 1, 2003 
 This AMENDMENT NO. 1 to the
STOCKHOLDER RIGHTS AGREEMENT (this “Amendment”) is dated as of September 29, 2006 between Wegener Corporation, a Delaware corporation (the “Company”), and Securities Transfer Corporation (the “Rights Agent”).

 WITNESSETH: 
 The Company and the Rights Agent
(the “Parties”) entered into a rights Agreement dated as of May 1, 2003 (the “Original Rights Agreement”). As of the date of this Agreement, the rights issued pursuant to the Original Rights Agreement are redeemable. The
Parties wish to amend the Original Rights Agreement in the manner set forth below. The Company’s Board of Directors has approved this Amendment and authorized its execution. 
 NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set forth, the Parties agree as follows: 
 1. EFFECTIVENESS OF THIS AMENDMENT. This Amendment is executed pursuant to Section 27 of the Original Rights Agreement. The Company, by its execution of this amendment, hereby directs the Rights Agent, pursuant to Section 27, to
execute this Amendment. This amendment shall take effect immediately upon the execution hereof by the Company and the Rights Agent. 
 2. DEFINED TERMS. All
capitalized terms used but not defined in this Amendment shall have the meanings assigned to them in the Original Rights Agreement. 
 3. NOT OTHER
PROVISIONS AFFECTED. Except to the extent expressly amended by this Amendment, all of the provisions of the Original Rights Agreement shall remain in full force and effect, unaffected by this amendment. 
 4. AMENDMENT TO SECTION 1(a) OF THE ORIGINAL RIGHTS AGREEMENT. The Original Rights Agreement is hereby amended by substituting the term “20%” for the term
“15%” in each place where the term “15%” is used in the Original Rights Agreement and the exhibits thereto, including, without limitation, all places in which such phrase is used in Sections 1(a) and 3 of the Original Rights
Agreement. 
 5. REFERENCES TO THE ORIGINAL RIGHTS AGREEMENT. All references in the Original Rights Agreement and the exhibits thereto the Rights Agreement
or any specific provision thereof (including references that use the terms “hereto” and “hereof”), as well as in the legends affixed to certificates issued for Common Stock pursuant to Section 3(c) of the Original Rights
Agreement, shall, without any specific references expressly and individually to any of the foregoing amendments, automatically be deemed references to the Original Rights 

 
Agreement or the applicable specific provisions thereof (as the case may be) as amended by this amendment, with the same force and effect as if expressly and
individually amended in that respect by this Amendment. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF the Parties have caused this Amendment to be duly executed and attested, all as of the
date and year first above written. 
  

			
	WEGENER CORPORATION
		
	By:	 	/s/    Robert A. Placek        
		 	 Name: Robert A. Placek
 Title:
President

	
	SECURITIES TRANSFER CORPORATION
		
	By:	 	/s/    Kevin Halter        
		 	 Name: Kevin Halter
 Title:
President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]