Document:

Amendment No.1 to the Shareholder Rights Agreement

 Exhibit 10.1 
 FIRST AMENDMENT TO THE SHAREHOLDER RIGHTS AGREEMENT 
 FIRST AMENDMENT, dated as of December 20,
2006 (this “Amendment”), to the Shareholder Rights Agreement, dated as of January 25, 2005 (the “Rights Agreement”), by and between Digitas Inc., a Delaware corporation (the “Company”) and
American Stock Transfer & Trust Company, as rights agent (the “Rights Agent”). Terms used herein but not defined shall have the meaning assigned to them in the Rights Agreement. 
 WHEREAS, the Company and the Rights Agent have heretofore executed and entered into the Rights Agreement; 
 WHEREAS, the Company proposes to enter into an Agreement and Plan of Merger (as it may be amended from time to time, the “Merger
Agreement”), among Publicis Groupe, S.A. a société anonyme of the Republic of France (“Parent”), Pacific Acquisition Corp., a Delaware corporation and a wholly-owned subsidiary of Parent
(“Merger Sub”), and the Company, providing for the acquisition of all of the outstanding shares of the Company’s common stock by tender offer (the “Offer”), followed by a merger of Merger Sub with and into the
Company, (the “Merger”), with the Company continuing as the surviving corporation; 
 WHEREAS, the Board of Directors of the
Company has determined, in connection with the execution of the Merger Agreement, that it is necessary and desirable to amend the Rights Agreement to exempt the Merger Agreement, the execution thereof and the transactions contemplated thereby,
including, without limitation, the Offer and the Merger, from the application of the Rights Agreement, in each case as set forth in this Amendment; 
 WHEREAS, (i) Section 27 of the Rights Agreement provides that, so long as the Rights are not then redeemable, the Company may, and the Rights Agent shall, if so directed by the Company, supplement or amend any provision of this
Agreement without the approval of any holders of the Rights (subject to limited exceptions that do not apply for purposes hereof); (ii) pursuant to Section 27 of the Rights Agreement, an appropriate officer of the Company has delivered a
certificate to the Rights Agent stating that the proposed supplements and amendments to the Rights Agreement set forth in this Amendment are in compliance with Section 27 of the Rights Agreement; and (iii) pursuant to the terms of the
Rights Agreement and in accordance with Section 27 thereof, the Company has directed that the Rights Agreement should be amended and supplemented as set forth in this Amendment prior to the execution of the Merger Agreement. 
  

 1 

 NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set forth, the parties
hereby agree as follows: 
 1. Amendments to Rights Agreement. 
 (a) The definition of “Acquiring Person” in Section 1(a) of the Rights Agreement is amended by inserting the following as a new
paragraph at the end of such definition: 
 “Notwithstanding anything in this Section 1(a) to the contrary, none of Publicis
Groupe, S.A., a société anonyme of the Republic of France (“Parent”), Pacific Acquisition Corp., a Delaware corporation (“Merger Sub”), or any of their respective Affiliates or Associates,
either individually, collectively or in any combination, shall be deemed to be an “Acquiring Person” solely by virtue or as a result of the approval, execution, delivery, adoption or performance of the Agreement and Plan of Merger,
dated as of December 20, 2006, among Parent, Merger Sub and the Company (as it may be amended or supplemented from time to time, the “Merger Agreement”) or the commencement or consummation of the Offer or the Merger (as such
terms are defined in the Merger Agreement) or any other transactions contemplated thereby, (such actions described in this sentence, the “Permitted Events”).” 
 (b) The definition of “Stock Acquisition Date” in Section 1(jj) of the Rights Agreement is amended to add the following sentence at
the end thereof: 
 “Notwithstanding anything in this Agreement to the contrary, a Stock Acquisition Date shall not be deemed to have
occurred solely by virtue or as a result of the public announcement of any Permitted Event.” 
 (c) Section 3(a) of the Rights
Agreement is amended to add the following sentence at the end thereof: 
 “Notwithstanding anything in this Agreement to the contrary,
a Distribution Date shall not be deemed to have occurred solely as the result of any Permitted Event.” 
 (d) Section 7(a) of the
Rights Agreement is modified, amended and restated as follows: 
 “Except as otherwise provided herein, the Rights shall become
exercisable on the Distribution Date, and thereafter the registered holder of any Right Certificate may, subject to Section 11(a)(ii) hereof and except as otherwise provided herein, exercise the Rights evidenced thereby in whole or in part upon
surrender of the Right Certificate, with the form of election to purchase on the reverse side thereof duly executed, to the Rights Agent at the office or agency of the Rights Agent designated for such purpose, together with payment of the Aggregate
Exercise 

  

 2 

 
Price for each one one-ten thousandth of a share of Preferred Stock as to which the Rights are exercised, at any time which is both after the Distribution
Date and prior to the earliest of (i) the time immediately prior to the acceptance for payment and payment for any shares of Seller Common Stock tendered pursuant to the Offer (“Acceptance Time”), but only if the Acceptance
Time shall occur, (ii) the close of business on the tenth anniversary of the Record Date (the “Final Expiration Date”), (iii) the time at which the Rights are redeemed as provided in Section 23 hereof (the
“Redemption Date”) or (iv) the time at which such Rights are exchanged as provided in Section 24 hereof. The Company will provide the Rights Agent with notice of the Acceptance Time; provided, however, that failure to
notify the Rights Agent of the Acceptance Time shall not in any way effect the time at which the Rights cease to be exercisable pursuant to the foregoing sentence.” 
 (e) A new Section 36 is added to read in its entirety as follows: 
 “Section 36. Termination.
Notwithstanding anything herein to the contrary, immediately prior to the Acceptance Time, but only if the Acceptance Time shall occur, (a) this Agreement shall be terminated and be without further force or effect (b) none of the parties
to this Agreement will have any rights, obligations or liabilities hereunder and (c) the holders of the Rights shall not be entitled to any benefits, rights or other interests under this Agreement, including, without limitation, the right to
purchase or otherwise acquire Preferred Stock or any other securities of the Company or of any other Person; provided, however, that notwithstanding the foregoing, Sections 18 and 20 hereof shall survive the termination of this Agreement.”

 2. Interpretation. The term “Agreement” as used in the Rights Agreement shall be deemed to refer to the Rights
Agreement as amended hereby. 
 3. Severability. If any term, provision, covenant or restriction of this Amendment is held by a court
of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment, and of the Rights Agreement, shall remain in full force and effect and shall in
no way be affected, impaired or invalidated. 
 4. Waiver of Notice. The Rights Agent and the Company hereby waive any notice
requirement under the Rights Agreement pertaining to the matters covered by this Amendment. 
 5. Effectiveness. This Amendment shall
be deemed effective as of the date first written above. Except as expressly amended herein, all other terms and conditions of the Rights Agreement shall remain in full force and effect. Without limiting the foregoing, the Rights Agent shall not be
subject to, nor required to interpret or comply with, or determine if any Person has complied with, the Merger Agreement even though reference thereto may be made in this Amendment and the Rights Agreement. 
  

 3 

 6. Governing Law. This Amendment shall be deemed a contract made under the laws of the State of
Delaware, and for all purposes of this Amendment shall be governed by and construed in accordance with the laws of such State applicable to contracts made and to be performed entirely within such State; provided, however, that all provisions
regarding the rights, duties, liabilities and obligations of the Rights Agent shall be governed by and construed in accordance with the laws of the State of Delaware applicable to contracts made and to be performed entirely within such State.

 7. Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be an original and all of which
shall constitute one and the same document. 
 IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed as of the day
and year first above written. 

									
	ATTEST:	 		 	Digitas Inc.
					
	By:	 	  	 		 	By:	 	/s/  Brian K. Roberts
		 		 		 		 	 Name: Brian K. Roberts
 Title: Chief Financial
Officer

  

									
	ATTEST:	 		 	American Stock Transfer & Trust Company, as Rights Agent
					
	By:	 	  	 		 	By:	 	  
		 		 		 		 	 Name:
 Title:

  

 4Managing General Agency Agreement

 Exhibit 10.29 
 MANAGING GENERAL AGENCY AGREEMENT 
 Between 
 AMERICAN PHYSICIANS INSURANCE AGENCY, INC. 
 (hereinafter called “AGENT”)

 and 
 AMERICAN PHYSICIANS
INSURANCE EXCHANGE 
 (hereinafter called “COMPANY”) 
 Effective Date: May 29, 1996 
 Section 1.     AGENCY
APPOINTMENT 
  

	a.	COMPANY hereby appoints AGENT as its agent to perform the duties set forth herein and vests in AGENT full authority to accomplish, effect and execute such duties upon the terms and
conditions set forth below. The authority of AGENT shall be limited to the territory and the kinds of insurance specified in Addendum A. 

  

	b.	Term. This Agreement shall remain in effect unless terminated as provided by Section 6 of this Agreement. 

 Section 2.    AGENT’S RELATIONSHIP TO COMPANY 
 This Agreement is not a contract of employment and nothing herein contained shall be construed to create the relationship of employer and employee
between COMPANY and AGENT. AGENT is an independent contractor and shall be free to exercise judgment and discretion with regard to the conduct of business as agent for COMPANY. 
 Section 3.    AUTHORITY AND DUTIES OF AGENT 
  

	a.	Appointment of Producers. Subject to requirements imposed by law and the terms of this Agreement, AGENT has authority to have supervisory responsibility for local agency and
field operations of COMPANY in Texas including the appointment, termination and direction of local recording agents within Texas as well as determination of commissions.] 

  

	b.	Legal Compliance. AGENT shall comply in all respects with all applicable laws. 

  

	c.	Maintenance of Records. AGENT shall keep complete records and accounts of all transactions pertaining to agents appointed or terminated under this Agreement. Such records
shall be kept current and shall be readily identifiable. 

  

	d.	 Advertising. AGENT shall enter Agreements with local recording agents that provides that agents shall not insert any advertisement referring to COMPANY or
issue or cause to have issued any letter, circular, pamphlet or other publication or statement referring to 

	 	 
COMPANY, without the prior written consent of COMPANY. Such consent shall not be construed as any agreement by COMPANY to bear any part of the expense of
advertisement. 

  

	e.	Ownership of Printed Matter. It is expressly understood that any policies, forms and other supplies furnished to AGENT by COMPANY shall remain the property of COMPANY and
shall be returned to COMPANY promptly upon demand. It is expressly understood that any policies, forms and other supplies furnished to COMPANY by AGENT shall remain the property of AGENT and shall be returned to AGENT promptly on demand.

  

	f.	Expenses. COMPANY shall pay all marketing expenses in respect to the performance of AGENT’s duties under this Agreement, including but not limited to rentals,
transportation facilities, clerical expense, postage, advertising, or personal local license fees. AGENT shall be responsible for commissions to local recording agents. Unless otherwise specified in writing in advance by COMPANY, AGENT shall not
charge or commit COMPANY to any expense, agreement, payment, debt, or obligation other than the insurance expressly described herein which AGENT is authorized to write. 

 Section 4.    COMPENSATION 
 As full compensation for services rendered under this Agreement, AGENT agrees to accept and COMPANY agrees that agent is entitled to the amounts specified in Addendum B. 
 Section 5.    SUSPENSION OF AGENTS AUTHORITY 
 If AGENT is delinquent either in accounting for or payment of any funds due to COMPANY, or is otherwise in default under this Agreement, COMPANY may, by written notice to AGENT, suspend or otherwise limit AGENT’s
authority in whole or in part or may condition the exercise of such authority on any appropriate condition. 
 For the purposes of this Section, AGENT is not
delinquent because of routine differences in the accounting records of the AGENT and the COMPANY which are minor in amount and do not involve funds willfully withheld by the AGENT. 
 Upon the occurrence of any of the events described in Section 6(a), AGENT’S authority under this Agreement, including such authority and duties described in Section 3 shall automatically be suspended
and shall be terminated upon termination of this Agreement. 
 Section 6.    TERMINATION

  

	a.	Termination. The term of this Agreement shall expire and this Agreement shall terminate in accordance with subsection b. of this section upon the occurrence of any of the
following events: 

  

	 	1)	Upon the effective date of the suspension, revocation or termination of either party’s license by appropriate authority and after exhausting any appeals to which either party
is entitled. 

	 	2)	The insolvency of either party, the inability to pay debts as they mature, the making of an assignment for the benefit of creditors, the dissolution of either party, the appointment
of a receiver or liquidator for either party or for a substantial part of either party’s property, or the institution of bankruptcy, reorganization, arrangement, insolvency or similar proceedings by or against either party under the laws of any
jurisdiction. 

  

	 	3)	Misappropriation of funds or property of COMPANY or funds received for it by AGENT; the failure of AGENT to remit to COMPANY the funds due promptly upon demand; the commission by
AGENT of any fraud against COMPANY or any conduct injurious to COMPANY’s standing or good name. 

  

	 	4)	Misappropriation of funds or property of AGENT or funds received for it by COMPANY; the failure of COMPANY to remit to AGENT the funds due promptly upon demand; the commission by
COMPANY of any fraud against AGENT or any conduct injurious to AGENT’s standing or good name. 

  

	 	5)	Either party may terminate this Agreement at any time upon giving one hundred eighty (180) days written notice prior to the effective date of such termination.

 Section 7.    INDEMNIFICATION 
  

	a.	COMPANY agrees to indemnify, defend and hold AGENT harmless from and against any and all claims, suits, actions, liability, expense, losses as a result of AGENT acting in the course
and scope of its authority and responsibilities to COMPANY, provided such liability does not arise because of the gross negligence, bad faith, fraudulent intent or willful misfeasance of the AGENT or any of its employees. 

Section 8.    GENERAL PROVISIONS 
  

	a.	Assignment. Neither party shall assign, delegate, transfer, encumber or otherwise dispose of this Agreement, any interest therein, or any rights or obligations hereunder
without the prior written consent of the other party and any purported assignment, transfer, encumbrance or other disposition without such consent shall be void. Except that, the merger, consolidation or other corporate reorganization of COMPANY, or
the assignment, or other transfer of this Agreement to a subsidiary or affiliate of the COMPANY, shall not be deemed a violation of this subsection a. 

  

	b.	No Waiver. The failure of COMPANY or AGENT to insist on strict compliance with this Agreement, or to exercise any right or remedy hereunder, shall not constitute a waiver of
any rights contained herein nor estop the parties from thereafter demanding full and complete compliance therewith nor prevent the parties from exercising such remedy in the future. 

  

	c.	Notices. Any notice required or permitted to be given under this Agreement shall be in writing and shall be deemed duly given if delivered personally, by registered or
certified mail or by telefax to the party for whom it is intended at the following address or such other address as the recipient may designate from time to time. 

	d.	Full Agreement. This Agreement supersedes and makes null and void any and all previous agency agreements, whether written or oral, between COMPANY and AGENT with respect to
the type of business to be serviced hereunder and constitutes the full agreement between the parties. No amendment to this Agreement shall be valid unless in writing and signed by the parties. 

  

	e.	Severability. If any provision of this Agreement should be invalid under or in conflict with the laws of any state, this Agreement shall be deemed amended to comply with the
minimum requirements of such laws without affecting the remaining provisions of this Agreement; provided, however, if either party believes that the voiding of any provision hereof materially affects the whole Agreement, such party by written
notice, may terminate this Agreement forthwith. 

  

	f.	Choice of Law. This Agreement shall be interpreted under and pursuant to the laws of the State of Texas. 

  

	g.	Third Parties. The provisions of this Agreement are for the sole benefit of the parties and shall not be enforceable for the benefit of any one who is not a party to this
Agreement, except as expressly provided herein. 

 IN WITNESS WHEREOF, the parties intending to be bound have caused this Agreement to be
effective this 29th day of May, 1996. 
  

									
	For AGENT:	 	 AMERICAN PHYSICIANS INSURANCE
                         AGENCY, INC.

					
		 		 		 	By:	 	 /s/ Jay R. Tidey

		 		 		 	Title:	 	 Treasurer

		
	For COMPANY:	 	AMERICAN PHYSICIANS INSURANCE EXCHANGE
					
		 		 		 	By:	 	 /s/ Duane Boyd

		 		 		 	Title:	 	 President

 ADDENDUM A 
 TO MANAGING GENERAL AGENCY AGREEMENT 
 Between 
 AMERICAN PHYSICIANS INSURANCE AGENCY, INC. 
 (“AGENT”) 
 and 
 AMERICAN PHYSICIANS INSURANCE EXCHANGE

 (“COMPANY”) 
 Effective Date: May 29, 1996 
 The parties agree that: 
 The AGENT is authorized to be the managing agent for COMPANY for the following kind(s) of business: 
 All standard Medical Malpractice Professional Liability insurance for Texas health care providers and such other policies authorized in writing by the
COMPANY from time to time in any state where AGENT is properly licensed. 

 ADDENDUM B 
 TO MANAGING GENERAL AGENCY AGREEMENT 
 Between 
 AMERICAN PHYSICIANS INSURANCE AGENCY, INC., as AGENT 
 and 
 AMERICAN PHYSICIANS INSURANCE EXCHANGE 
 (“COMPANY”) 
 Effective Date: May 29, 1996 
  

	1.	The parties agree that, for business described in Addendum A, AGENT shall be entitled a commission equal to 100% of the amounts of commissions paid to local recording agents,
solicitors, or producing agents appointed by AGENT. 

  

	2.	Commissions on any other business shall be determined on a case-by-case basis. 

 ADDENDUM C 
 TO MANAGING GENERAL AGENCY AGREEMENT 
 Between 
 AMERICAN PHYSICIANS INSURANCE AGENCY, INC. 
 (“AGENT”) 
 and 
 AMERICAN PHYSICIANS INSURANCE EXCHANGE

 (“COMPANY”) 
 Dated
November 15, 1999 
 The parties agree that: 
 Section 6. TERMINATION is amended as follows: 
  

	 	a.	Termination. The term of this Agreement shall expire and this Agreement shall terminate upon the occurrence of any of the following events: 

  

	 	1)	Upon the effective date of the suspension, revocation or termination of either party’s license by appropriate authority and after exhausting any appeals to which either party
is entitled. 

  

	 	2)	The insolvency of either party, the inability to pay debts as they mature, the making of an assignment for the benefit of creditors, the dissolution of either party, the appointment
of a receiver or liquidator for either party or for a substantial part of either party’s property, or the institution of bankruptcy, reorganization, arrangement, insolvency or similar proceedings by or against either party under the laws of any
jurisdiction. 

  

	 	3)	Misappropriation of funds or property of COMPANY or funds received for it by AGENT; the failure of AGENT to remit to COMPANY the funds due promptly upon demand; the commission by
AGENT of any fraud against COMPANY or any conduct injurious to COMPANY’s standing or good name. 

  

	 	4)	Misappropriation of funds or property of AGENT or funds received for it by COMPANY; the failure of COMPANY to remit to AGENT the funds due promptly upon demand; the commission by
COMPANY of any fraud against AGENT or any conduct injurious to AGENT’s standing or good name. 

	 	5)	Either party may terminate this Agreement at any time upon giving one hundred eighty (180) days written notice prior to the effective date of such termination.

 MEMORANDUM 
 OF 
 AGREEMENT 
 This Agreement is by and between American Physicians Insurance Exchange (“API”) and American Physicians Insurance Agency, Inc. (“Agency”). 
 WHEREAS, API has a Reinsurance Agreement with Florida Physicians Insurance Company, Inc. (“FPIC”) whereby API in effect is responsible for
certain expenses incurred by FPIC since API receives a net premium; and 
 WHEREAS APS Facilities Management, Inc. (“APSFMI”), the
attorney-in-fact for API, has agreed to be responsible for 50% of all commissions paid to producers representing API; and 
 WHEREAS, Agency
receives commissions from FPIC for business reinsured by API; and 
 WHEREAS, the parties desire to clarify and continue the business
relationship between API and the Agency; 
 NOW, THEREFORE, in consideration of the mutual covenants, promises and agreements contained
herein, API and Agency agree as follows: 
  

	 	1.	Agency will reimburse API on an annual basis an amount equal to the lesser of the following: 

  

	 	(a)	50% of the amount of commissions paid by Agency to producers relating to business reinsured by API from FPIC. 

  

	 	(b)	$375,000 less amounts due to API from APSFMI relating to commissions under paragraph III of the Management Agreement between API and APSFMI. 

 All amounts paid herein shall not be considered as commissions, but an amount to reflect the proper allocation of costs for continuation of the
relationship between the parties. 
  

	 	2.	This agreement shall remain in effect so long as the Managing General Agency Agreement between API, FPIC and Agency is effective and also as long as the Management Agreement between
API and APSFMI is in effect. 

 EXECUTED ON THE     [12th]     DAY OF NOVEMBER, 1998. 
  

									
	 AMERICAN PHYSICIANS
 INSURANCE AGENCY, INC.
	 		 	 AMERICAN PHYSICIANS
 INSURANCE EXCHANGE

					
	By:	 	 /s/ Duane Boyd
	 		 	 By:
	 	 /s/ Norris C. Knight, Jr., M.D.

									
	Title:	 	 President
	 		 	 Title:
	 	 Chairman – Board of Directors

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]