Document:

Pledge and Security Agreement dated as of February 29, 2008

 Exhibit 10.3 
 PLEDGE AND SECURITY AGREEMENT 
 THIS PLEDGE AND SECURITY AGREEMENT, dated as of February 29,
2008 (this “Agreement”), is made by MULTI-COLOR AUSTRALIA ACQUISITION PTY LIMITED (ACN 129 275 181), an Australian company limited by shares and registered in Victoria (the “Grantor”), in favor of WESTPAC BANKING CORPORATION (ABN
33 007 457 141), as Australian Administrative Agent (“Grantee”), for the benefit of itself and the Australian Sub-facility Lenders. 
 RECITALS 
 A. Reference is made to that certain Credit Agreement, dated as of February 29, 2008 (as amended, restated,
extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement;” the terms defined therein being used herein as therein defined), among Multi-Color Corporation, an Ohio corporation, Collotype
International Holdings Pty Limited, an Australian company limited by shares and registered in South Australia, the Designated Borrowers from time to time party thereto, the Lenders from time to time party thereto, Bank of America, N.A., as
Administrative Agent, U.S. L/C Issuer and Swing Line Lender, Westpac Banking Corporation, as Australian Administrative Agent and Australian L/C Issuer, and BMO Capital Markets Financing, Inc. and KeyBank National Association as Co-Documentation
Agents. 
 B. Grantor will derive substantial benefit from the Credit Agreement. 
 C. Grantor owns 100% of the membership interests of Multi-Color Australia, LLC, a Delaware limited liability company (“Multi-Color Australia”).

 D. It is a condition precedent to the making of loans and other financial accommodations under the Credit Agreement that Grantor shall
have executed and delivered this Agreement and hereby grant the security interest contemplated by this Agreement. 
 AGREEMENTS

 NOW, THEREFORE, in consideration of the foregoing, Grantor hereby agrees with Grantee as follows: 
 1. Grant of Security. Grantor hereby assigns and pledges to Grantee, and hereby grants to Grantee a security interest in, all of the right, title
and interest of Grantor in and to the following, whether now owned or hereafter acquired (the “Collateral”); 
 (A)
One hundred percent (100%) of the membership interests of Multi-Color Australia (the “Pledged Interests”), as more fully described in Schedule I, owned by Grantor and the certificates, if any, representing the Pledged Interests, and
all dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Pledged Interests; and 

 (B) All proceeds of any and all of the foregoing Collateral described in clause
(A) of this Section 1 and any and all payments (in any form whatsoever) made or due and payable to Grantor from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of
the Collateral by any governmental body, authority, bureau or agency (or any Person acting under color of governmental authority) and, to the extent not otherwise included, all payments under any indemnity, warranty or guaranty, payable by reason of
loss or damage to or otherwise with respect to any of the foregoing Collateral (the “Proceeds”). 
 2. Security for
Obligations. This Agreement and the Collateral hereunder secures the payment of (i) all obligations of the Grantor and each Loan Party incorporated under the Laws of Australia and any other Loan Party which is a Foreign Subsidiary now or
hereafter existing under the Credit Agreement and the Loan Documents, whether for principal, interest, fees, expenses or otherwise, and (ii) all obligations of Grantor now or hereafter existing under this Agreement (all such obligations of
Grantor and such Loan Parties being referred to herein as the “Obligations”). 
 3. Representations and Warranties. Grantor
represents and warrants as follows: 
 (A) The Pledged Interests have been duly authorized and validly issued and are fully paid and
nonassessable. The Pledged Interests (i) constitute one hundred percent (100%) of the issued and outstanding shares of Multi-Color Australia and (ii) there are no warrants, options or other rights to acquire any of the capital stock
of Multi-Color Australia. 
 (B) Grantor is the legal and beneficial owner of the Collateral free and clear of any lien, security interest,
option, charge or encumbrance except for the security interest created by this Agreement. No effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office, except
such as may have been filed in favor of the Grantee relating to this Agreement. 
 (C) The pledge and delivery of the Pledged Interests
pursuant to this Agreement create a valid and perfected first priority security interest in the Collateral, securing the payment of the Obligations. 
 (D) No authorization, approval or other action by, and no notice to or filing with any governmental authority or regulatory body is required either (i) for the grant by Grantor of the security interest granted
hereby or for the execution, delivery or performance of this Agreement by Grantor or (ii) for the perfection of or the exercise by Grantee of its rights and remedies hereunder or for the exercise by Grantee of the voting or other rights
provided for in this Agreement or the remedies in respect of the Collateral pursuant to this Agreement (except any filing in connection with judicial proceedings to enforce such rights and remedies and except as may be required in connection with
such disposition by laws affecting the offering and sale of securities generally). 
  

 2 

 4. Further Assurances. Grantor hereby agrees that: 
 (A) From time to time, at the expense of Grantor, Grantor will promptly execute and deliver all further instruments and documents, and take all further
action that Grantee may reasonably request, in order to perfect and protect the security interest granted or purported to be granted hereby or to enable Grantee to exercise and enforce its right and remedies hereunder with respect to any Collateral.

 (B) Grantor will furnish to Grantee from time to time statements and schedules further identifying and describing the Collateral and such
other reports in connection with the Collateral as Grantee may reasonably request. 
 5. Voting Rights; Dividends; Etc. with Respect to
Pledged Interests. (A)(i) So long as no Event of Default shall have occurred, Grantor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Pledged Interests or any part thereof owned by Grantor for any
purpose not inconsistent with the terms of this Agreement and shall be entitled to receive all dividends and other distributions with respect thereto; provided, however, that Grantor shall not exercise or refrain from exercising any
such right if, in the judgment of Grantee, such action or inaction would have a material adverse effect on the value of the Pledged Interests. 
 (ii) Grantee shall execute and deliver (or cause to be executed and delivered) to Grantor all such proxies and other instruments as Grantor may reasonably request for the purpose of enabling Grantor to exercise the voting and other rights
that it is entitled to exercise pursuant to paragraph (i) above. 
 (B) Upon the occurrence and during the continuance of an Event of
Default, all rights of Grantor to receive dividends or disbursements or to exercise the voting and other consensual rights that it would otherwise be entitled to exercise pursuant to Section 5(A)(i) shall cease, and all such rights shall
thereupon become vested in Grantee, who shall thereupon have the sole right to exercise such voting and other consensual rights. 
 6.
Grantor’s Covenants. 
 (A) Transfers and Other Liens. Grantor shall not: 
  

	 	(i)	Sell, assign (by operation of law or otherwise) or otherwise dispose of any of the Collateral; or 

  

	 	(ii)	Create or suffer to exist any lien, security interest or other charge or encumbrance upon or with respect to any of the Collateral to secure Indebtedness of any person or entity,
except for the security interest created by this Agreement and any security interest in favor of Grantee under the Credit Agreement or the Loan Documents. 

 (B) No Redemptions. Grantor shall not cause or permit any partial or complete redemptions of any shares in Multi-Color Australia without the prior written consent of Grantee. 
  

 3 

 (C) Preservation of Existence of Multi-Color Australia. Grantor shall preserve the existence of
Multi-Color Australia as a Delaware limited liability company and shall not change the state of its organization. 
 7. Appointment as
Attorney-in-Fact. (A) Effective upon and during the continuance of an Event of Default under the Credit Agreement or in breach of this Agreement, Grantor hereby irrevocably constitutes and appoints Grantee and any officer or agent thereof,
with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in its place and stead and in its name or in its own name, from time to time, in Grantee’s discretion, for the purpose of
carrying out the terms of this Agreement and any related documents to the extent permitted by applicable law, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to
accomplish the purposes of this Agreement and any related documents, and, without limiting the generality of the foregoing, hereby gives Grantee, subject to the other terms of this Agreement, the power and right, on behalf of Grantor without notice
to or assent by Grantor to do the following: 
 (i) to pay or discharge taxes, liens, security interests or other encumbrances levied or
placed on or threatened against the Collateral which are not permitted by the terms hereof; 
 (ii) to receive payment of and receipt for any
and all moneys, claims and other amounts due or to become due at any time in respect of or arising out of any Collateral; and 
 (iii) during
the continuance of an Event of Default, (a) to commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent jurisdiction and to collect the Collateral or any Proceeds thereof and to enforce any other
right in respect of any Collateral; (b) to defend any suit, action or proceeding brought against Grantor with respect to any Collateral; (c) to settle, compromise or adjust any suit, action or proceeding described above and, in connection
therewith, to give such discharges or releases as Grantee may deem appropriate; (d) except to the extent prohibited by law, generally to sell, transfer, pledge, make any agreement with respect to or otherwise deal with any of the Collateral as
fully and completely as though Grantee were the absolute owner thereof for all purposes; and (e) to do, at Grantee’s option and Grantor’s expense, at any time, or from time to time, all acts and things which Grantee reasonably deems
necessary to protect, preserve or realize upon the Collateral and Grantee’s security interest therein, in order to effect the intent of this Agreement, all as fully and effectively as Grantor might do. 
 Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof and in accordance herewith. This power of attorney
is a power coupled with an interest and shall be irrevocable. 
 (B) Grantor also authorizes Grantee at any time and from time to time to
execute, in connection with any sale provided for in Section 10 of this Agreement, any endorsements, assignments or other instruments of conveyance or transfer with respect to the Collateral. 
  

 4 

 8. Grantee May Perform. If Grantor fails to perform any agreement contained herein within a
reasonable time after notice of such failure has been provided by Grantee, Grantee may perform, or cause performance of, such agreement, and the expenses of Grantee incurred in connection therewith shall be payable by Grantor. 
 9. Duties of Grantee. The powers conferred on Grantee hereunder are solely to protect Grantee’s interest in the Collateral and shall not
impose any duty upon it to exercise any such powers. Except to the extent required by the Uniform Commercial Code (the “Code”), Grantee shall not have any duty as to any Collateral or as to the taking of any necessary steps to preserve
rights against prior parties or any other rights pertaining to any Collateral. 
 10. Remedies. If any Event of Default shall have
occurred and be continuing: 
 (A) Grantee may exercise in respect of the Collateral, in addition to other rights and remedies provided for
herein or otherwise available to it, all the rights and remedies of a secured party on default under the Code (whether or not the Code applies to the affected Collateral) and also may (i) exercise any and all rights and remedies of Grantor in
respect of the Collateral, (ii) manage and control the Collateral and do any acts which it deems necessary or desirable to preserve the value or marketability of the Collateral, or any part thereof or interest therein, and (iii) sell the
Collateral or any part thereof in one or more parcels at public or private sale, at any of Grantee’s offices or elsewhere, for cash, on credit or for future delivery, and upon such other terms as Grantee may deem commercially reasonable.
Grantor agrees that, to the extent notice of sale shall be required by law, at least ten (10) days’ notice to Grantor of the time and place of any public sale or the time after which any private sale is to be made shall constitute
reasonable notification. 
 (B) Grantor recognizes and acknowledges that Grantee may be unable to effect a public sale of all or a part of
the Collateral by reason of certain prohibitions contained in the Securities Act of 1933, as amended, as now or hereafter in effect, or in applicable Blue Sky or other state securities laws, as now or hereafter in effect, but may be compelled to
resort to one or more private sales to a restricted group of purchasers who will be obliged to agree, among other things, to acquire such Collateral for their own account, for investment and not with a view to the distribution or resale thereof.
Grantor agrees that private sales so made may be at prices and other terms less favorable to the seller than if such Collateral were sold at public sales, and that Grantee has no obligation to delay sale of any such Collateral for the period of time
necessary to permit Grantor, even if Grantor would agree, to register such collateral for public sale under such applicable securities laws. Grantor agrees that private sales made under the foregoing circumstances shall not be deemed to have been
made in a commercially unreasonable manner by that fact alone. 
 (C) Promptly upon receipt of written notice thereof from Grantee, all
payments received by Grantor under or in connection with any Collateral shall be received in trust for the benefit of Grantee, shall be segregated from other funds of Grantor and shall be forthwith paid over to Grantee in the same form as so
received (with any necessary endorsement). 
  

 5 

 (D) All payments made under or in connection with any collateral and all cash proceeds received by
Grantee in respect of any sale of, collection from, or other realization upon all or any part of the Collateral shall be applied in accordance with the applicable terms of the Credit Agreement. Any surplus of such cash or cash proceeds held by
Grantee and remaining after payment in full of all the Obligations shall be paid over to Grantor or to whomsoever may be lawfully entitled to receive such surplus. 
 11. Amendments; Etc. No amendment or waiver of any provision of this Agreement nor consent to any departure by Grantor herefrom, shall in any event be effective unless the same shall be in writing and executed
by each party hereto, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 
 12. Notices. Any notice or notification required, permitted or contemplated hereunder shall be governed by the notice provisions of the Credit Agreement. 
 13. Continuing Security Interest. This Agreement shall create a continuing security interest in the Collateral and shall (A) remain in full
force and effect until payment in full of all of the Obligations, (B) be binding upon Grantor, its successors and assigns and (C) inure, together with the rights and remedies of Grantee hereunder, to Grantee and its successors, transferees
and assigns. Upon the payment in full of all Obligations, the security interest granted hereby shall terminate and all rights to the Collateral shall revert to Grantor. Upon any such termination, Grantee will, at Grantor’s expense, promptly
return to Grantor any certificates representing any of the collateral and execute and deliver to Grantor such documents as Grantor shall reasonably request to evidence such termination. 
 14. Governing Law; Terms. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, except to the
extent that the validity or perfection of the security interest hereunder, or remedies hereunder, in respect of any particular Collateral are governed by the laws of a jurisdiction other than the State of New York. 
 15. Limitation of Liability. Despite any provision to the contrary in this Agreement or any other Loan Document, the obligations of the Grantor
will be limited to the extent necessary to ensure that the Grantor does not contravene Part 2J.3 of the Corporations Act 2001 (Cth). 
 16.
Prospective Liability. 
 (A) Subject to paragraph (D), below, for the purpose of the Corporations Act 2001 the maximum
prospective liability (as defined in the Corporations Act 2001) secured by this Agreement is A$125,000,000 or its equivalent but this clause does not limit the amount of actual liability at any time secured by or recoverable under this
Agreement. 
 (B) In addition to that prospective liability, this Agreement also secures a prospective liability (as defined in the
Corporations Act 2001) of an unspecified amount, being all other money which may become due or owing or payable to the Grantee or any Australian Sub-facility Lender under this Agreement and, except for the purposes of s282(3) of the
Corporations Act 2001, this Agreement is not in any way limited to the amount in paragraph (a). 
  

 6 

 (C) The nature of that prospective liability is advances, interest, fees, costs, indemnities and other
amounts included in the definition of Obligations. 
 (D) From time to time, the Grantee may lodge a notice under s268(2) of the
Corporations Act 2001 on behalf of the Grantor specifying an increase in the maximum prospective liability secured by this Agreement. From the date of lodgement the sum specified in paragraph (A) will be taken to be varied to the sum
specified in the notice. 
 17. Appointment of Process Agent. 
 (A) Grantor irrevocably: 
 (i)
nominates Multi-Color Australia as its agent to receive service of process or other documents with respect to any legal action or proceedings relating to this Agreement or any transaction contemplated in this Agreement; and 
 (ii) agrees that service on that agent or any other person appointed under paragraph (B), below, will be sufficient service on it.

 Multi-Color Australia irrevocably and unconditionally accepts that appointment. 
 (B) Grantor shall ensure that Multi-Color Australia remains authorized to accept service on its behalf. If Multi-Color Australia ceases to have an office
in the United States, Grantor shall ensure that there is another person in the United States acceptable to Grantee to receive process on its behalf. Grantor shall promptly notify Grantee of the appointment of such other person. 
 [Remainder of page intentionally blank] 
  

 7 

 IN WITNESS WHEREOF, Grantor and Grantee have caused this Pledge and Security Agreement to be duly
executed and delivered by its officer thereunto duly authorized as to the date first above written. 
  

			
	“GRANTOR”
	
	MULTI-COLOR AUSTRALIA ACQUISITION PTY LIMITED
		
	By:	 	 /s/ Mary T. Fetch

	Name:	 	Mary T. Fetch
	Title:	 	Director
		
	By:	 	 /s/ Dawn H. Bertsche

	Name:	 	Dawn H. Bertsche
	Title:	 	Director
	
	“GRANTEE”
	
	WESTPAC BANKING CORPORATION, as Australian Administrative Agent
		
	By:	 	 /s/ Matthew Steinert

	Name:	 	Matthew Steinert
	Title:	 	Attorney

 IN WITNESS WHEREOF, Multi-Color Australia, LLC has caused this Pledge and Security Agreement
to be duly executed and delivered by its officer thereunto duly authorized as to the date first above written solely with respect to its appointment as process agent pursuant to Section 17 and for no other reason. 
  

			
	MULTI-COLOR AUSTRALIA, LLC
		
	By:	 	 /s/ James H. Reynolds

	Name:	 	James H. Reynolds
	Title:	 	Vice President, Corporate Controller

  

 8 

 SCHEDULE I 
 To 
 Pledge and Security Agreement 
 Pledged Interests 
  

						
	 Entity
	  	Percentage Ownership	 	 	Certificate No.
	 Multi-Color Australia, LLC
	  	100	%	 	1

  

 9Employment Agreement dated February 29, 2008

 Exhibit 10.4 
 Employment 
 Agreement 
 Nigel
Vinecombe 
 Collotype Labels Pty Ltd (Employer) 
 The
party described in item 1 of Schedule 1 
 (Employee) 
  

 Employment Agreement 
  
  
  

					
	 Details
	  	3
		
	 Agreed terms
	  	4
			
	 1.
	  	Defined terms and interpretation	  	4
			
	 2.
	  	Engagement	  	5
			
	 3.
	  	Obligations	  	5
			
	 4.
	  	Acknowledgement by Employee	  	6
			
	 5.
	  	Total Employment Cost	  	6
			
	 6.
	  	Leave Entitlements	  	7
			
	 7.
	  	Performance review	  	7
			
	 8.
	  	Notifications	  	8
			
	 9.
	  	Confidential information, materials and intellectual property	  	8
			
	 10.
	  	Restraint	  	9
			
	 11.
	  	Termination	  	10
			
	 12.
	  	Entire Agreement	  	11
			
	 13.
	  	Inconsistency	  	11
			
	 14.
	  	Governing law and jurisdiction	  	11
			
	 15.
	  	General	  	11
		
	Schedule 1 - Details	  	13
		
	Schedule 2 - Services	  	14
		
	Schedule 3 - Confidential Information	  	15
		
	Signing page	  	17

  
  

 Details 
  
  

			
	Date	  	2008
		
	Parties	  	

  

			
	 Name
	  	Collotype Labels Pty Ltd
	 Short form name
	  	Employer
	 Notice details
	  	
		
	 Name
	  	The party described in item 1 of Schedule 1
	 Short form name
	  	Employee

 Background 
  

	A	The Employer carries on the business of printing and manufacturing labels. 

  

	B	The Employer has agreed to employ the Employee to provide the Services on a full-time basis on the terms and conditions of this Agreement. 

  

 3 

 Agreed terms 
  
  

	1.	Defined terms and interpretation 

  

	1.1	Defined terms 

 In this Agreement: 
 Associates means, in relation to a person: 
  

	 	(a)	an associate of the person under sections 10 to 17 of the Corporations Act; 

  

	 	(b)	a company or trust of which the person has control; or 

  

	 	(c)	the spouse or child over the age of 18 of the person. 

 Business means the business conducted by the Employer. 
 Business Days means any day other than Saturday, Sunday or
Public Holiday in South Australia. 
 Commencement Date means the date set out in item 2 of Schedule 1. 
 Confidential Information means: 
  

	 	(a)	information relating to the business affairs and employees of the Employer; 

  

	 	(b)	matters of a technical nature, future directives and policies, technical data pertaining to the general affairs of the Employer, internal procedures and information, financial
information, information pertaining to other employees, salaries, strategic and business plans and like information relating to the Employer; 

  

	 	(c)	other information which the Employer tells the Employee is confidential or which if disclosed, the Employee knows or ought reasonably to know would be detrimental to the Employer;

  

	 	(d)	all other information which is imparted to the Employee in circumstances which the Employee knows or should reasonably know that the information is confidential to the Employer or
any other persons with whom the Employer is concerned; and 

 excludes any information that is public knowledge otherwise than
as a consequence of a breach by the Employee of obligations under this Agreement or breach by some other person of a duty of confidence to the Employer. 
 Intellectual Property Rights means all intellectual property rights, including but not limited to: 
  

	 	(a)	know-how, trade secrets, patents, copyright, registered designs, trade marks and any right to have confidential information kept confidential; and 

  

	 	(b)	any application or right to apply for registration of any of the rights referred to in paragraph (a). 

 Initial Term means the period commencing on the Commencement Date and ending either on the earlier of: 
  

	 	(a)	the date specified in item 3 of Schedule 1 (Expiry Date); or 

  

	 	(b)	on the termination of this Agreement under clause 11. 

 Related Body Corporate has the meaning given in section 9 of the Corporations Act. 
  

 4 

 Services means the duties and responsibilities described in Schedule 2 to be performed by the
Employee pursuant to and in accordance with the terms and conditions of this Agreement or such other services as may be mutually agreed to in writing between the Employer and the Employee from time to time. 
 Total Employment Cost means the total gross annual remuneration of the Employee (inclusive of superannuation) described in clause 5 and item 4 of
Schedule 1, including, but not limited to, the provision of a fully maintained motor vehicle to the Employee, with registration, insurance and ongoing running costs to be borne by the Employer. 
  

	1.2	Interpretation 

  

	 	(a)	In this Agreement including the Background and Schedules unless the contrary intention appears: 

  

	 	(i)	a word denoting the singular includes the plural and vice versa; 

  

	 	(ii)	a word denoting an individual or person includes a corporation, firm, authority, government or government authority and vice versa; 

  

	 	(iii)	a word denoting a gender includes all genders; 

  

	 	(iv)	an agreement representing or warranting on the part of two or more persons binds them jointly and severally; 

  

	 	(v)	a reference to a person includes the persons executors, administrators, successors and assigns; 

  

	 	(vi)	a reference to dollars is a reference to Australian dollars; 

  

	 	(vii)	headings are for convenience and reference only and do not effect interpretation; and 

  

	 	(viii)	where an expression is defined, another part of speech or grammatical form of that expression has a corresponding meaning. 

  

	 	(b)	The Background and Schedules form part of this Agreement. 

  

	2.	Engagement 

  

	 	(a)	The Employer agrees to engage the Employee to perform the Services for the Initial Term in accordance with this Agreement. 

  

	 	(b)	In consideration for performing the Services, the Employee will be entitled to the Total Employment Cost. 

  

	3.	Obligations 

  

	3.1	Employee’s obligations 

  

	 	(a)	The Employee will: 

  

	 	(i)	provide the Services exclusively to the Employer during the Initial Term; 

  

	 	(ii)	perform the Services from the premises of the Employer and as directed by the Employer from time to time (including inter or intra state locations); 

  

	 	(iii)	devote sufficient time, attention and skill to the performance of the Services; 

  

	 	(iv)	be involved with and participate in certain activities which may be arranged by the Employer from time to time; 

  

 5 

	 	(v)	use his best endeavours to promote the work and reputation of the Employer; 

  

	 	(vi)	comply with all reasonable lawful directions and policies of the Employer; 

  

	 	(vii)	conduct himself in accordance with and to a standard which supports the principles on which the Employer operates; and 

  

	 	(viii)	perform all duties to ensure compliance pursuant to statutory obligations and requirements on the part of the Employer. 

  

	 	(b)	Throughout the Initial Term, the Employee will be loyal to, and supportive of the Employer’s aims and objectives. 

  

	 	(c)	After the Expiry Date, the Employer and the Employee will meet to discuss the renewal of this Agreement. 

  

	 	(d)	The Employee will report to the person named in item 5 in Schedule 1 (Responsible Person) and will provide this person with monthly written reports about the performance of
the Services including (without limitation) actual performance compared to budget. 

  

	3.2	Employer’s obligations 

  

	 	(a)	The Employer will at all times: 

  

	 	(i)	treat the Employee fairly and reasonably; 

  

	 	(ii)	not hinder the Employee in relation to the performance of the Services; 

  

	 	(iii)	not alter the Employee’s position to the Employee’s prejudice; 

  

	 	(iv)	not discriminate against, bully or harass the Employee. 

  

	 	(b)	The Employer acknowledges that a breach of clause 3.2 will constitute a material breach of this Agreement. 

  

	 	(c)	Minimum six months notice or payment in lieu for termination of employment (except Summary Termination as per clause 11.1). 

  

	4.	Acknowledgement by Employee 

  

	 	(a)	The Employee acknowledges that the Employer conducts its business with a high degree of professionalism and commitment so it can enhance its operations as a printing and labelling
business. 

  

	 	(b)	The Employee acknowledges and agrees that the Employer has the right to make changes in employment arrangements in particular with regard to the allocation of duties and tasks.

  

	 	(c)	The Employee acknowledges and agrees that his employment with the Employer is governed by written policies of the Employer as amended from time to time. 

  

	 	(d)	The Employee acknowledges and agrees that no provision in any industrial award or agreement forms a term of this Agreement. 

  

	5.	Total Employment Cost 

  

	 	(a)	The Total Employment Cost is inclusive of superannuation (including, without limitation, the minimum employer contribution payable by the Employer under Superannuation Guarantee
legislation from time to time) all overtime, annual leave and all other statutory entitlements that apply to the Employee’s position. 

  

	 	(b)	The Employer will deduct from the Total Employment Cost: 

  

 6 

	 	(i)	and remit to the Taxation Office, instalments of income tax in compliance with the Employer’s obligation; and 

  

	 	(ii)	any other deductions which the Employer is lawfully authorised or obliged to make. 

  

	 	(c)	The Total Employment Cost may be structured by mutual agreement of the parties. Any changes to the Total Employment Cost must be evidenced in writing and signed by both parties.

  

	 	(d)	The parties acknowledge that the Total Employment Cost is all inclusive and is in compensation for all exigencies arising out of the position including (without limitation)
overtime, out of hours commitments, attendance at meetings and conferences and attending any and all training programs (or otherwise) requiring the attendance of the Employee. 

  

	 	(e)	No additional remuneration for overtime will be authorised or paid to the Employee. 

  

	 	(f)	The Employee will be paid the weekly pro-rata cash component of the Total Employment Cost taken as salary, by electronic bank transfer into a bank account of the Employee’s
choice. 

  

	 	(g)	The Total Employment Cost will be reviewed upon each anniversary of the Commencement of this Agreement. 

  

	6.	Leave Entitlements 

  

	6.1	Basis for leave entitlements 

  

	 	(a)	All leave entitlements pursuant to this clause 6 will be calculated on the cash component of the Total Employment Cost taken as salary. 

  

	 	(b)	The date of commencement of the Employee’s employment for the purpose of calculating the Employee’s leave and other entitlements is the date which the Employee first
commenced employment with the Employer or a Related Body Corporate of the Employer. 

  

	6.2	Annual leave 

  

	 	(a)	The Employee will be entitled to 20 Business Days annual leave per year of service. Any unused leave will accrue from year to year. 

  

	 	(b)	The Employee will inform the Employer in writing of his/her intention to take annual leave and such leave will be taken once agreed to by the parties, at a time that is mutually
acceptable to each party. 

	 	

	 	(c)	The Employee warrants to take annual leave immediately upon the entitlement exceeding 30 Business Days, and failing this, at the absolute discretion of the Employer, the Employee
can be directed to take the leave on the provision of 7 days notice. 

  

	6.3	Sick leave 

 The Employee is entitled to 8 days paid
sick leave per year of service. The Employee covenants to be bound by the Employer’s sick leave policy (as amended by the Employer from time to time). 
  

	7.	Performance review 

  

	 	(a)	The Employee’s position will be subject to a performance review every 12 months from the Commencement Date. 

  

 7 

	 	(b)	The terms and parameters of the performance review will be established by the Employer (at the Employer’s sole discretion) who may from time to time consult with the Employee
in relation to reasonable performance guidelines. 

  

	8.	Notifications 

  

	8.1	Pre-existing medical conditions 

  

	 	(a)	The Employee fully understands the entire scope of the Services including the physical activity and working conditions and undertakes to provide to the Employer written notice
before the Commencement Date, of any condition that may impede the Employee’s ability to satisfactorily perform the Services in accordance with this Agreement. 

  

	 	(b)	The Employee acknowledges that any failure to notify the Employer of a condition in accordance with clause 8.1(a) may prejudice the Employee’s future entitlements for
compensation, rehabilitation or otherwise and the Employer will be entitled to terminate this Agreement without notice in accordance with clause 11. 

  

	8.2	Criminal convictions (including traffic offences) 

  

	 	(a)	The Employee will provide to the Employer written notice before the Commencement Date of any and all criminal convictions relating to any offence involving fraud or dishonesty or
any other serious offence (including a traffic offence) which is punishable by imprisonment (whether imprisoned or not). 

  

	 	(b)	The Employee acknowledges that any failure to notify the Employer of a criminal conviction in accordance with clause 8.2(a) may prejudice the Employee’s employment with the
Employer, and the Employer will be entitled to terminate this Agreement without notice in accordance with clause 11. 

  

	9.	Confidential information, materials and intellectual property 

  

	9.1	Confidential Information 

  

	 	(a)	The Employee agrees to use Confidential Information in accordance with the terms set out in Schedule 3. 

  

	9.2	Ownership of materials and intellectual property 

  

	 	(a)	All material provided to the Employee by the Employer and all Intellectual Property Rights in that material (Employer’s Material) is and will remain the property of the
Employer. 

  

	 	(b)	All material produced by the Employee in performing the Services and all Intellectual Property Rights in that material (Material), will upon its creation be the sole property
of the Employer unless otherwise agreed to in writing by the Employer. 

  

	 	(c)	The Employee, if and whenever required by the Employer to do so, must at the expense of the Employer or its nominee: 

  

	 	(i)	apply or join in applying with the Employer (at the discretion of the Employer) for letters patent or other protection in Australia or in any other part of the world for any of the
Material; and 

  

	 	(ii)	do all things necessary for vesting such letters patent or other protection when obtained and all right and title to and interest in the same (including all patent rights an
proprietary rights) in the Employer, its nominee or such other person as the Employer may require as sole beneficial owner. 

  

 8 

	 	(d)	The Employer irrevocably appoints the Employer to be his attorney in his name, and on his behalf to execute any instrument and to do any thing and generally to use the
Employee’s name for the purpose of giving to the Employer, his nominee or such other person as the Employer may require the full benefit of the provision of this clause 9. 

  

	 	(e)	At the Employer’s request, the Employee must return all of the Material and the Employer’s Material and the Employee is not entitled to retain copies of the Material or
the Employer’s Materials in any form whatsoever. 

  

	10.	Restraint 

  

	10.1	Defined terms 

 In this clause 10: 
 engage in means to participate, assist or otherwise be directly or indirectly involved as a member, shareholder, unit holder, director, consultant,
advisor, contractor, principal, agent, manager, employee, beneficiary, partner, associate or trustee. 
 Termination Date means the
date on which the Employee’s employment with the Employer ends. 
  

	10.2	Undertakings by the Employee 

 In order to
reasonably protect the goodwill of the Employer’s business, the Employee undertakes to the Employer that he will not, and will procure that each of his Associates will not, other than in the performance of the Services under this Agreement:

  

	 	(a)	engage in any business or activity which is the same as or substantially similar to or competitive with, the Business or any material part of it; 

  

	 	(b)	solicit, canvass, induce or encourage any person who was at any time during the 6 month period prior to the Termination Date, a director, employee or agent of the Employer to leave
the employment or agency of the Employer; 

  

	 	(c)	solicit, canvass, approach or accept any approach from any person who was at any time during the Employee’s period of employment with the Employer, a client or customer of the
Employer with a view to obtaining the custom of that person in a business which is the same or substantially similar to or competitive with, the Business; or 

  

	 	(d)	interfere with the relationship between the Employer and its clients, customers, employees or suppliers. 

  

	10.3	Duration of prohibition 

 The undertakings in
clause 10.2 begin on the date of this agreement and end: 
  

	 	(a)	on the 2nd anniversary of the Termination Date; 

  

	 	(b)	on the first anniversary of the Termination Date; 

  

	 	(c)	6 months after the Termination Date. 

  

	10.4	Geographic application 

 The undertakings in clause
10.2 apply only if the activity prohibited by clause 10.2 occurs within: 
  

	 	(a)	worldwide; 

  

	 	(b)	the United States of America, the Commonwealth of Australia and the Republic of South Africa; 

  

	 	(c)	the United States of America or the Commonwealth of Australia or the Republic of South Africa; 

  

 9 

	 	(d)	the Commonwealth of Australia. 

  

	10.5	Interpretation 

 Clauses 10.2, 10.3 and 10.4
have effect together as if they consisted of separate provisions, each being severable from the other. Each separate provision results from combining each undertaking in clause 10.2, with each period in clause 10.3, and combining each of those
combinations with each area in clause 10.4. If any of those separate provisions is invalid or unenforceable for any reason, the invalidity or unenforceability does not affect the validity or enforceability of any of the other separate provisions or
other combinations of the separate provisions of clauses 10.2, 10.3 and 10.4. 
  

	10.6	Exception 

 This clause 10 does not restrict
the Employee or any Associate of the Employee from holding 5% or less of the shares of a listed company. 
  

	10.7	Restrictions reasonable 

 The Employee agrees that
the prohibitions and restrictions set out in this clause 10 are reasonable in the circumstances and necessary to protect the goodwill of the Business. 
  

	10.8	Acknowledgements 

 The Employee acknowledges that:

  

	 	(a)	all the prohibitions and restrictions in this clause 10 are reasonable in the circumstances and necessary to protect the goodwill of the Business; 

  

	 	(b)	damages are not an adequate remedy if the Employee or an Associate of the Employee breaches this clause 10; and 

  

	 	(c)	the Purchaser may apply for injunctive relief if: 

  

	 	(i)	the Employee or an Associate of the Employee breaches or threatens to breach this clause 10 ; or 

  

	 	(ii)	it believes the Employee or an Associate of the Employee is likely to breach this clause 10. 

  

	11.	Termination 

  

	11.1	Summary termination 

 The Employer may terminate the
Employee’s employment under this Agreement summarily at any time if the Employee: 
  

	 	(a)	fails to perform the Services under this Agreement in a competent and satisfactory manner (of which the Services will act as performance indicators); 

  

	 	(b)	is guilty of wilful misconduct or gross negligence; 

  

	 	(c)	engages in conduct that is contrary to the policies of the Employer; 

  

	 	(d)	engages in any conduct warranting summary dismissal at common law; 

  

	 	(e)	is charged of any offence involving fraud or dishonesty or any other serious offence (except for a traffic offence) which is punishable by imprisonment (whether imprisoned or not);

  

	 	(f)	becomes bankrupt or compounds with his or her creditors (or any of them) or assigns his or her estate for the benefit of creditors (or any of them); or 

  

	 	(g)	breaches any of the provisions of clauses 8, 9 or 10. 

  

 10 

	11.2	Termination on notice 

  

	 	(a)	The Employer may terminate this Agreement by giving three months notice to the Employee if termination is due to reasons under clause 11.1, otherwise by giving six months notice.

  

	 	(b)	At the Employer’s discretion: 

  

	 	(i)	the Employee may be required to work through all (or part only) of the notice period; or 

  

	 	(ii)	the Employer may make payment instead of the Employee working through the whole notice period (or the un-worked balance of the notice period). 

  

	 	(c)	The Employer at its sole discretion can decide whether the Employee needs to perform any Services during the notice period. 

  

	 	(d)	The Employee is required to provide three months notice of resignation. 

  

	12.	Entire Agreement 

 Subject to clause 15.1, this
Agreement constitutes the entire understanding and agreement between the parties as to the subject matter. 
  

	13.	Inconsistency 

 If any provision of this Agreement
is offensive to or inconsistent with any statute, regulation, award, industrial agreement or any other edict having the force of law, then to the extent of that offence or inconsistency (and not otherwise), this Agreement will be of no effect and
the offensive or inconsistent provision will be removed from the balance of this Agreement. 
  

	14.	Governing law and jurisdiction 

 The law of South
Australia applies to this Agreement and the parties submit to the non exclusive jurisdiction of its Courts. 
  

	15.	General 

  

	15.1	Amendments 

 Variations, modifications or waiver of
any provisions of this Agreement including consent to any departure by any party from their obligations under this Agreement, will not be valid or effective unless they are represented in writing and signed by each party to this Agreement.

  

	15.2	Accrued rights 

 Termination of this Agreement does
not affect any accrued rights or remedies of a party. 
  

	15.3	Survival 

 Clauses 9 (Confidential information,
materials and intellectual property), 10 (Restraint), 14 (Governing Law) and 15.2 (Accrued rights) continue to apply after termination of this agreement. 
  

 11 

	15.4	Costs 

 Each party must bare its own costs of
negotiating, preparing and executing this Agreement. 
  

	15.5	No waiver 

 A waiver by a party of any of the
provisions of this Agreement will not be binding unless expressly made in writing, and any waiver will relate only to the matter, non-compliance or breach to which it relates and will not apply to any subsequent matter, non-compliant or breach.

  

	15.6	Severance 

 Part or all of any provision of this
Agreement that is illegal or unenforceable may be severed from this Agreement and the remaining provisions of this Agreement will continue in full force and effect. 
  

	15.7	Counterparts 

 This Agreement may be executed in any
number of counterparts. All counterparts taken together will constitute one instrument. Where counterparts are used, this Agreement will come into effect on the last exchange of either or original or facsimile counterparts. Where facsimile
counterparts are used, original counterparts are to be exchanged as soon as practicable, but failure to exchange originals will not effect the validity of this Agreement. 
  

 12 

 Schedule 1 – Details 
  
  

	1.	Employee 

  

			
	Name	  	Nigel Andrew Vinecombe
		
	Address	  	Lot 104 Swamp Road Oakbank SA 5243

  

	2.	Commencement Date 

 The Completion Date pursuant to
the Share Sale and Purchase Agreement between Tropical Rain Nominees Pty ltd atf The Vinecombe Absolutely Entitled Trust, The Maher Absolutely Entitled Trust and the Frankhuisen Absolutely Entitled Trust, R.G.Teakle Pty Ltd, Vineland Pty Ltd atf
R.G.Teakle Pty Ltd, Peter Brian Teakle and the Teakle Family Trust, Peter Brian Teakle, Collotype International Holdings Pty Ltd, Collotype Labels International Pty Ltd and Multi-Color Corporation. 
  

	3.	Expiry Date 

 The third anniversary of the
Commencement Date 
  

	4.	Total Employment Cost 

  

			
	Salary:	  	AUD240,000
		
	Superannuation:	  	AUD24,000
		
	Fully Maintained Motor Vehicle:	  	Up to the value of AUD60,000
		
	TOTAL:	  	AUD324,000

  

	5.	Responsible Person 

 Frank Gerace 
  

 13 

 Schedule 2 – Services 
  
 Job Description: 
  

	•	 	 Work to achieve agreed financial plan; and 

	•	 	 Formulate and pursue acquisition strategies. 

 Key
Performance Indicators: 
  

	•	 	 Coordinate Annual Business Plans, including Budgets, for International Business Unit for recommendation to MCC CEO. 

  

	•	 	 Execute above Performance Plans once approved. 

  

	•	 	 Develop International Business Unit expansion plans with MCC CEO. 

  

	•	 	 Execute expansion plans subject to MCC CEO and Board approval. 

  

	•	 	 Fulfill Duties and Responsibilities associated with being MCC Board Member. 

  

 14 

 Schedule 3 – Confidential Information 
  
  

	1.	Disclosure and use of Confidential Information 

  

	 	(a)	In consideration of the Employer disclosing Confidential Information to the Employee, the Employee agrees: 

  

	 	(i)	to use all Confidential Information solely for the purpose of the performance of the Services; 

  

	 	(ii)	not to misuse Confidential Information; 

  

	 	(iii)	that if the Employee leaves the employment of the Employer, the Employee will not use the Confidential Information for its own benefit or for the benefit of any third party or
competitor of the Employer; 

  

	 	(iv)	to keep confidential all Confidential Information; and 

  

	 	(v)	otherwise to comply with the terms of this Agreement. 

  

	 	(b)	The Employee must: 

  

	 	(i)	notify the Employer immediately if the Employee becomes aware of a suspected or actual breach of Confidential Information; 

  

	 	(ii)	immediately take all steps to prevent or stop the suspected or actual breach of Confidential Information; and 

  

	 	(iii)	comply with any direction issued by the Employer from time to time regarding the protection of Confidential Information. 

  

	2.	Security and control 

  

	 	(a)	The Employee must: 

  

	 	(i)	establish and maintain effective personal security measures to safeguard Confidential Information from access or use not authorised under this Agreement; 

 

	 	(ii)	keep Confidential Information under its control; 

  

	 	(iii)	maintain complete, accurate and up-to-date records of its use, copying and disclosure of Confidential Information and immediately produce these records to the Employer on request;
and 

  

	 	(iv)	immediately notify the Employer of any suspected or actual unauthorised use, copying or disclosure of Confidential Information. 

  

	 	(b)	The Employee must provide assistance reasonably requested by the Employer in relation to any proceedings the Employer may take against any person for unauthorised use, copying or
disclosure of Confidential Information. Should the Employee not provide this assistance when directed to do so, the Employer is entitled to take disciplinary action against the Employee which may include the termination of their engagement.

  

	3.	Copying 

  

	 	(a)	The Employee must not copy any Confidential Information for use outside the premises of the Employer without the Employer’s written consent. 

  

	 	(b)	All copies of Confidential Information made pursuant to paragraph 3(a) by the Employee must be marked “Confidential”. 

  

 15 

	4.	No telecommunication transmission 

 The Employee
must not transmit or permit the transmission by telecommunication (including facsimile and electronic mail) of Confidential Information to any person (including the Employer) without the prior consent of the Employer. 
  

	5.	Acknowledgement and indemnity 

  

	 	(a)	The Employee acknowledges that it is aware that any breach of the Employee’s duty of confidentiality under this Agreement will result in the Employer suffering damage.

  

	 	(b)	The Employee indemnifies the Employer against all losses, damages, expenses and legal costs (on a solicitor and own client basis and whether incurred by or awarded against the
Employer) that the Employer may reasonably sustain or incur as a result, whether directly or indirectly, of any breach by the Employee of its duty of confidentiality under this Agreement. 

  

	6.	Intellectual property rights 

 The parties
acknowledge that this Agreement does not transfer any interest in any intellectual property to the Employee and the Employee will be bound by their obligations in clause 9 of this Employment Agreement. 
  

	7.	Responsible person 

 The Employee will direct any
enquiries about the use of Confidential Information including all queries about the scope of this Employment Agreement to the Responsible Person or the nominee of the Chief Executive Officer. 
  

	8.	Exclusions 

 The obligations of
confidentiality under this Agreement do not extend to information that (whether before or after this Agreement is executed): 
  

	 	(a)	is rightfully known to or in the possession or control of the Employee and not subject to an obligation of confidentiality on the Employee; 

  

	 	(b)	is public knowledge (otherwise than as a result of a breach of this Agreement); or 

  

	 	(c)	the Employee is required by law to disclose. 

  

	9.	Termination 

  

	 	(a)	The Employee’s obligation of confidentiality under this Agreement will continue beyond the Initial Term in respect of all Confidential Information other than information
forming part of the Employee’s stock of general skill and knowledge. 

  

	 	(b)	On termination of the Employee’s employment with the Employer, the Employee’s right to use Confidential Information ceases and the Employee must immediately, at the option
of the Employer: 

  

	 	(i)	return to the Employer; 

  

	 	(ii)	destroy and certify in writing to the Employer the destruction of; or 

  

	 	(iii)	destroy and permit the Employer to witness the destruction of; 

 all Confidential Information in the Employee’s possession or control. 
  

 16 

 Signing page 
  
 EXECUTED as an agreement. 
  

					
	Executed by Collotype Labels Pty Ltd pursuant to section 127 of the Corporations Act 2001	 		 	
			
	 /s/ Francis D. Gerace
	 		 	 /s/ Dawn H. Bertsche

	Signature of director	 		 	Signature of director/company secretary
			
	 Francis D. Gerace
	 		 	 Dawn H. Bertsche

	Name of director (print)	 		 	Name of director/company secretary (print)

  

	
	Signed by /s/ Nigel Andrew Vinecombe
	
	 /s/ Louisa McClurg

	Signature of witness
	
	 Louisa McClurg

	Name of witness (print)

  

 17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}]]