Document:

Form 10-Q

Exhibit 10.1  

SECOND AMENDMENT TO
AMENDED AND RESTATED
 LOAN AND SECURITY AGREEMENT  

          This
Second Amendment to Amended and Restated Loan and Security Agreement
(“Amendment”) is made this 9th day of November, 2004, by and among
PHOENIX COLOR CORP., PCC EXPRESS, INC., TECHNIGRAPHIX, INC., PHOENIX (MD.) REALTY,
LLC, and PHOENIX COLOR FULFILLMENT, INC., (each is referred to individually as
a “Borrower” and collectively, as the “Borrowers”), the lending
institutions listed from time to time on Schedule 1.1(a) to the Credit Agreement (as
defined below) (singly, a “Lender” and collectively, “Lenders”), and
Wachovia Bank, National Association, as administrative agent for Lenders (in such
capacity, “Agent”). 

BACKGROUND 

          A.
 Borrowers,
Agent and Lenders are parties to a Amended and Restated Loan and           Security
Agreement dated September 30, 2003 (as amended or otherwise modified           from time
to time, the “Credit Agreement”), pursuant to which certain           financing
arrangements were established for the benefit of Borrowers. All           capitalized
terms not otherwise defined herein shall have the respective           meanings ascribed
thereto in the Credit Agreement.  

          B.
 Borrowers
have requested that Agent and Lenders modify, in certain respects, the           Credit
Agreement and Agent and Lenders have agreed to make such modifications,           all as
more fully set forth herein and subject to the terms and conditions           hereof.  

          NOW,
THEREFORE, with the foregoing Background incorporated by reference herein and made part
hereof, the parties hereto, intending to be legally bound, hereby agree as follows:  

          1.
Amendment. The Credit Agreement is amended as follows:  

                    (a)
Definitions. The definition of “Fixed Charges” contained in
          Section 1.1 of the Credit Agreement is amended and restated as follows:  

	 	
“Fixed
Charges” for any measurement period, the sum of (a) Consolidated Interest
Expense, plus (b) scheduled payments of principal of all Indebtedness of Borrowers
during the next succeeding 12 month period (including, without limitation, that portion
of any Capitalized Lease Obligations attributable to principal amortization in accordance
with GAAP), plus, (c) tax payments of Borrowers for such period (reduced, however,
by any cash tax refunds received by Borrowers during such period); provided, however,
with respect to subclause (b) above, such calculation for the fiscal quarter ending
September 30, 2004 shall be based upon the three months ending on such date, such
calculation for the fiscal quarter ending December 31, 2004 shall be based upon the six
months ending on such date, and such calculation for the fiscal quarter ending March 31,
2005 shall be based upon the nine months ending on such date.  

          2.
Effectiveness Conditions. This Amendment shall become effective upon the
          satisfactory completion, as determined by Agent in its discretion, of the
          following conditions (“Effectiveness Conditions”) (all documents to
be           in form and substance satisfactory to Agent):  

                    (a)
          Execution and delivery by all parties of this Amendment;  

                    (b)
          Delivery of all consents and approvals of the boards of directors, shareholders
          and other applicable third parties necessary in connection with this
transaction           shall have been obtained;  

                    (c)
          No Default or Event of Default exists; and  

                    (d)
          Payment of Expenses.  

          3.
Representations and Warranties. Each Borrower warrants and represents to
          Agent and Lenders that:  

                    (a)
Prior Representations. As of the date of this Amendment, all warranties
          and representations set forth in the Credit Agreement and Loan Documents are
          true and correct in all material respects, both before and after giving effect
          to this Amendment.  

                    (b)
No Default. No Default or Event of Default is outstanding or would exist
          after giving effect to this Amendment.  

          4.
Incorporation into Existing Loan Documents. The parties acknowledge and
          agree that this Amendment is incorporated into and made part of the Credit
          Agreement and Loan Documents, the terms and provisions of which, unless
          expressly modified herein, are hereby ratified and confirmed and continue
          unchanged and in full force and effect. Any future reference to the Credit
          Agreement or Loan Documents shall mean the Credit Agreement or Loan Documents
as           amended hereby. To the extent that any term or provision of this Amendment
is or           may be deemed expressly inconsistent with any term or provision in the
Loan           Documents, the terms and provisions hereof shall control.  

          5.
Miscellaneous.  

                    (a)
Headings. The headings of any paragraph of this Amendment are for
          convenience only and shall not be used to interpret any provision hereof.  

                    (b)
Other Instruments. Each Borrower shall execute any other documents,
          instruments and writings, in form and substance satisfactory to Agent, as Agent
          may reasonably request, to carry out the intentions of the parties hereunder.  

                    (c)
Modifications. No modification hereof or any agreement referred to herein
          shall be binding or enforceable unless in writing and signed on behalf of the
          party against whom enforcement is sought.  

2 

                    (d)
Third Party Rights. No rights are intended to be created hereunder for
          the benefit of any third party donee, creditor, or incidental beneficiary.  

                    (e)
Governing Law. The terms and conditions of this Amendment shall be
          governed by and construed in accordance with the substantive laws of the
          Commonwealth of Pennsylvania without regard to its otherwise applicable
          principles of conflicts and laws.  

                    (f)
Counterparts. This Amendment may be executed in counterpart all, of which
          counterparts taken together shall constitute one completed fully executed
          document. A photocopied or facsimile signature shall be deemed to be the
          functional equivalent of a manually executed original for all purposes.  

                    (g)
WAIVER OF JURY TRIAL. BORROWERS, AGENT AND LENDERS, BY THEIR EXECUTION
          OF THIS AMENDMENT, EACH REAFFIRM THEIR WAIVER OF THE RIGHT TO TRIAL BY JURY IN
          ANY ACTION, SUIT OR PROCEEDING OR COUNTERCLAIM OF ANY KIND ARISING OUT OF OR
          RELATED TO ANY OF THE LOAN DOCUMENTS, THE OBLIGATIONS OR THE COLLATERAL. 

[REMAINDER OF PAGE
LEFT INTENTIONALLY BLANK]  

3 

          Dated
the date and year first written above. 

	 	 
	  	PHOENIX
      COLOR CORP. 
	 	 
	BORROWERS: 	By:              /s/
      Edward Lieberman

                  ————————————————

      Name:         Edward Lieberman

                  ————————————————

      Title:           Chief
      Financial Officer

                  ————————————————
       
	 	 
	 	 
	  	PCC EXPRESS,
      INC. 
	 	 
	 	By:              /s/
      Edward Lieberman

                  ————————————————

      Name:         Edward Lieberman

                  ————————————————

      Title:           Chief
      Financial Officer

                  ————————————————
       
	 	 
	 	 
	  	TECHNIGRAPHIX,
      INC. 
	 	 
	 	By:              /s/
      Edward Lieberman

                  ————————————————

      Name:         Edward Lieberman

                  ————————————————

      Title:           Chief
      Financial Officer

                  ————————————————
       
	 	 
	 	 
	  	PHOENIX
      (MD.) REALTY, LLC 
	 	 
	 	By:              /s/
      Edward Lieberman

                  ————————————————

      Name:         Edward Lieberman

                  ————————————————

      Title:           Chief
      Financial Officer

                  ————————————————
       
	 	 
	 	 
	  	PHOENIX
      COLOR FULFILLMENT, INC. 
	 	 
	 	By:              /s/
      Edward Lieberman

                  ————————————————

      Name:         Edward Lieberman

                  ————————————————

      Title:           Chief
      Financial Officer

                  ————————————————
       

[SIGNATURE PAGE
A&R LOAN AND SECURITY AGREEMENT] 

S-1 

		
	 AGENT:	WACHOVIA
      BANK, NATIONAL ASSOCIATION
	 	 
	

      

      

      

      

      	By:
                  /s/
      Margaret A. Byrne

                  ———————————————————

      Name:        Margaret A. Byrne

                  ———————————————————

      Title:          Vice President

                  ———————————————————
	 	 
	 	 
	 LENDER:	WACHOVIA
      BANK, NATIONAL ASSOCIATION
	 	 
	

      

      

      

      

      	By:             /s/
      Margaret A. Byrne

                  ———————————————————

      Name:        Margaret A. Byrne

                  ———————————————————

      Title:          Vice President

                  ———————————————————================================================================================

                       MINERAL PROPERTY OPTION AGREEMENT

            THIS AGREEMENT dated for reference May 24, 2004.

BETWEEN:

            ZEO-TECH ENVIRO CORP., a body corporate, duly incorporated under the
            laws of British Columbia and having an office at 1066  West Hastings
            Street, Suite 2300, Vancouver, British Columbia, V6E 3X2;

                  ("Zeo-Tech")

                                                              OF THE FIRST PART

AND:

            COLOSSUS VENTURES INC., a body corporate, duly incorporated under
            the laws of the State of Nevada and having its head office at 1027
            Davie Street, Suite 363, Vancouver, British Columbia, V6E 4L2;

                  ("Colossus")

                                                             OF THE SECOND PART

W H E R E A S:

A.  Zeo-Tech  is the  registered  and  beneficial  owner  of one  mineral  claim
consisting  of 150 hectares  located in the Kamloops  Mining  Division,  British
Columbia,  and  known  as the Lem 2  claim,  which  claim  is more  particularly
described  in Schedule "A"  attached  hereto which forms a material  part hereof
(the "Claim");

B.  Zeo-Tech  has  agreed  to  grant  to  Colossus the sole and exclusive right,
privilege  and  option to explore the Claim together with the sole and exclusive
right,  privilege and option to purchase the Claim upon the terms and conditions
hereinafter set forth;

                  NOW THEREFORE THIS AGREEMENT  WITNESSETH that in consideration
of the mutual covenants and provisos herein contained,  THE PARTIES HERETO AGREE
AS FOLLOWS:

1.          OPTIONOR'S REPRESENTATIONS

1.1               Zeo-Tech represents and warrants to Colossus that:

         (a)      Zeo-Tech is the registered and beneficial owner of the Claim
                  and holds the right to explore  and develop the Claim;

         (b)      Zeo-Tech holds the Claim free and clear of all liens,  charges
                  and  claims  of  others,  and  the  Zeo-Tech  has a  free  and
                  unimpeded  right of  access  to the  Claim and have use of the
                  Claim surface for the herein purposes;

         (c)      The Claim has been duly and validly  located and recorded in a
                  good  and  miner-like  manner  pursuant  to  the  laws  of the
                  Province  of  British  Columbia  and is in  good  standing  in
                  British Columbia as of the date of this Agreement;

<page>

         (d)      There  are no  adverse  claims  or  challenges  against  or to
                  Zeo-Tech's  ownership  of or  title  to the  Claim  nor to the
                  knowledge of Zeo-Tech is there any basis  therefor,  and there
                  are  no  outstanding  agreements  or  options  to  acquire  or
                  purchase the Claim or any portion thereof;

         (e)      The Claim is in good  standing  until March 25, 2005, by which
                  date  $1,200 must be spent on the Claim in order to keep it in
                  good standing for an additional year;

         (f)      Zeo-Tech has the full right,  authority  and capacity to enter
                  into this Agreement without first obtaining the consent of any
                  other person or body  corporate  and the  consummation  of the
                  transaction  herein  contemplated  will not  conflict  with or
                  result in any breach of any covenants or agreements  contained
                  in, or constitute a default  under,  or result in the creation
                  of any  encumbrance  under the  provisions  of any  indenture,
                  agreement or other instrument  whatsoever to which Zeo-Tech is
                  a party or by which it is bound or to which it is subject; and

         (g)      No proceedings are pending for, and Zeo-Tech is unaware of any
                  basis for, the institution of any proceedings which could lead
                  to the placing of Zeo-Tech in  bankruptcy,  or in any position
                  similar to bankruptcy.

1.2 The  representations  and  warranties  of Zeo-Tech set out in paragraph  1.1
above form a part of this Agreement and are  conditions  upon which Colossus has
relied in entering into this Agreement and shall survive the  acquisition of any
interest in the Claim by Colossus.

1.3 Zeo-Tech will indemnify Colossus from all loss, damage,  costs,  actions and
suits  arising out of or in  connection  with any breach of any  representation,
warranty,  covenant,  agreement or condition  made by Zeo-Tech and  contained in
this Agreement.

2.                COLOSSUS'S REPRESENTATIONS

                  Colossus warrants and represents to Zeo-Tech that it is a body
corporate,  duly  incorporated  under the laws of the State of Nevada  with full
power and absolute  capacity to enter into this  Agreement and that the terms of
this Agreement have been authorized by all necessary corporate acts and deeds in
order to give effect to the terms hereof.

3.                GRANT OF OPTION

                  Zeo-Tech  hereby  gives and  grants to  Colossus  the sole and
exclusive right and option to acquire a 50% undivided right,  title and interest
in and to the Claim (the  "Option") by performing  the acts and deeds and paying
the sums provided for in paragraph 4.

<page>

4.                CONSIDERATION FOR THE GRANT OF OPTION

4.1 In order to keep the Option  granted to  Colossus in respect of the Claim in
good standing and in force and effect, Colossus shall be obligated to:

                  Expenditure Commitments
                  -----------------------
         (a)      incur,  or cause to be incurred,  exploration  and development
                  work on the Claim  totalling at least  $34,000 by December 31,
                  2005,  which work shall be  conducted  by  Colossus  under the
                  direction of a qualified geologist or project engineer; and

                  Assessment Work
                  ---------------
         (b)      pay,  or cause  to be  paid,  to  Zeo-Tech,  or on  Zeo-Tech's
                  behalf,  as Colossus  may  determine,  all Claim  payments and
                  assessment  work required to keep the Claim and this Option in
                  good standing during the term of this Agreement.

5.                RIGHT TO ABANDON PROPERTY INTERESTS

                  Should Colossus,  in its sole  discretion,  determine that the
Claim no longer warrants further exploration and development,  then Colossus may
abandon the Claim, so long as Colossus  provides Zeo-Tech with 60 days notice of
its intention to do so. If Colossus  returns the Claim to Zeo-Tech in accordance
with this section the Claim shall have a minimum of one year of assessment  work
credited against it at the time of return.

6.                TERMINATION OF OPTION

6.1 Subject to paragraph  6.2, the Option shall  terminate if Colossus  fails to
make the  required  exploration  expenditures  or fails to complete the required
assessment  work in accordance with paragraph 4.1 herein within the time periods
specified therein.

6.2 If Colossus  shall be in default of any  requirement  set forth in paragraph
4.1  herein,  Zeo-Tech  shall give  written  notice to Colossus  specifying  the
default and Colossus  shall not lose any rights  granted  under this  Agreement,
unless  within 60 days  after the  giving of  notice  of  default  by  Zeo-Tech,
Colossus  has  failed  to take  reasonable  steps  to cure  the  default  by the
appropriate performance.

6.3 If the  Option is  terminated  in  accordance  with  paragraphs  6.1 and 6.2
herein, Colossus shall have no interest in or to the Claim, and all expenditures
and payments made by Colossus to or on behalf of Zeo-Tech  under this  Agreement
shall be non-refundable by Zeo-Tech to Colossus for which Colossus shall have no
recourse. Within 60 days of such termination,  Colossus shall transfer the Claim
back to  Zeo-Tech,  failing  which,  Zeo-Tech  shall  have  the  right to act as
attorney for Colossus for the purpose of such transfer.

7.                ACQUISITION OF INTERESTS IN THE PROPERTY

                  At such time as Colossus has made the required  cash  payments
and exploration expenditures in accordance with paragraph 4.1 herein, within the
time  periods  specified  therein,  then the Option shall be deemed to have been
exercised by Colossus, and Colossus shall have thereby, without any further act,
acquired an undivided 50% interest in and to the Claim.

<page>

8.                RIGHT OF ENTRY

                  For so long as the Option  continues in full force and effect,
Colossus, its employees,  agents,  permitted assigns and independent contractors
shall have the right to:

         (a)      enter upon the Claim;

         (b)      have exclusive and quiet possession of the Claim;

         (c)      incur expenditures;

         (d)      bring upon and erect upon the Claim such mining facilities as
                  Colossus may consider
                  advisable; and

         (e)      remove from the Claim and sell or otherwise dispose of mineral
                  products.

9.                OPERATOR

                  After  the  execution  of  this  Agreement,  Colossus,  or  at
Colossus's option, its associate or nominee or such other unrelated entity as it
may  determine,  will act as the  operator  of the Claim  under this  Agreement.
Colossus,  if  operator,  may  resign as the  operator  at any time by giving 60
calendar days prior written  notice to Zeo-Tech,  and within such 60 day period,
Colossus may appoint  another  party who covenants to act as the operator of the
Claim upon such terms as Colossus sees fit.

10.               POWER AND AUTHORITY OF THE OPERATOR

10.1 After the execution of this Agreement,  the Operator shall have full right,
power and authority to do everything  necessary or desirable in connection  with
the  exploration  and  development  of the Claim and to determine  the manner of
operation of the Claim as a mine.

10.2 Where possible, the Operator shall insure that all field work is conducted,
and that all assay and work  program  results  are  verified,  by a third  party
independent from Colossus.

11.               FURTHER ASSURANCES

                  The parties hereto agree to do or cause to be done all acts or
things necessary to implement and carry into effect the provisions and intent of
this Agreement.

12.               FORCE MAJEURE

                  If Colossus is prevented from or delayed in complying with any
provisions of this Agreement by reasons of strikes,  labour disputes,  lockouts,
labour  shortages,  power  shortages,  fires,  wars,  acts of God,  governmental
regulations  restricting normal operations or any other reason or reasons beyond
the control of  Colossus,  the time limited for the  performance  of the various
provisions  of this  Agreement as set out above shall be extended by a period of

<page>

time equal in length to the period of such  prevention and delay,  and Colossus,
insofar as is possible,  shall  promptly give written  notice to Zeo-Tech of the
particulars of the reasons for any  prevention or delay under this section,  and
shall take all reasonable  steps to remove the cause of such prevention or delay
and shall give written notice to Zeo-Tech as soon as such cause ceases to exist.

13.               ENTIRE AGREEMENT

                  This  Agreement  constitutes  the  entire  agreement  to  date
between  the  parties   hereto  and   supersedes   every   previous   agreement,
communication,   expectation,  negotiation,   representation  or  understanding,
whether oral or written, express or implied, statutory or otherwise, between the
parties hereto with respect to the subject matter of this Agreement.

14.               NOTICE

14.1 Any notice  required to be given under this Agreement shall be deemed to be
well and  sufficiently  given if delivered,  or if mailed by registered mail, in
the case of Zeo-Tech addressed to them as follows:

                  Zeo-Tech Enviro Corp.
                  1066 West Hastings Street, Suite 2300
                  Vancouver, British Columbia  V6E 3X2

and in the case of Colossus addressed as follows:

                  Colossus Ventures Inc.
                  1027 Davie Street, Suite 363
                  Vancouver, British Columbia, V6E 4L2

and any  notice  given as  aforesaid  shall be  deemed to have  been  given,  if
delivered,  when  delivered,  or if mailed by  registered  mail,  on the  fourth
business day after the date of mailing thereof.

14.2 Either party  hereto may from time to time by notice in writing  change its
address for the purpose of this section.

15.               OPTION ONLY

                  Until the  Option  is  exercised,  this is an option  only and
except as specifically  provided  otherwise,  nothing herein  contained shall be
construed as obligating  Colossus to do any acts or make any payments  hereunder
and any acts or payments  made  hereunder  shall not be construed as  obligating
Colossus to do any further acts or make any further payments.

16.               RELATIONSHIP OF PARTIES

                  Nothing  contained  in this  Agreement  shall,  except  to the
extent specifically  authorized hereunder,  be deemed to constitute either party
hereto a partner, agent or legal representative of the other party.

17.               TIME OF ESSENCE

                  Time shall be of the essence of this Agreement.

<page>

18.               TITLES

                  The  titles to the  respective  sections  hereof  shall not be
deemed a part of this  Agreement  but shall be  regarded as having been used for
convenience only.

19.               CURRENCY

                  All funds referred to under the terms of this Agreement  shall
be funds designated in the lawful currency of Canada.

20.               SEVERABILITY

                  In the  event  that any of the  paragraphs  contained  in this
Agreement,  or any portion of thereof,  is  unenforceable or is declared invalid
for any reason whatsoever,  such unenforceability or invalidity shall not affect
the  enforceability  or validity  of the  remaining  terms or  portions  thereof
contained in this  Agreement and such  unenforceable  or invalid  paragraph,  or
portion thereof, shall be severable from the remainder of the Agreement.

21.               APPLICABLE LAW

                  The situs of the Agreement is Vancouver, British Columbia, and
for all purposes this  Agreement  will be governed  exclusively by and construed
and enforced in accordance  with the laws  prevailing in the Province of British
Columbia.

22.               ENUREMENT

                  This  Agreement  shall  enure to the benefit of and be binding
upon the parties hereto and their respective successors and assigns.

                  IN WITNESS WHEREOF this Agreement has been executed as of the
day and year first above written.

ZEO-TECH ENVIRO CORP.                      COLOSSUS VENTURES INC.

per: /s/ Raymon Paquette                   per: /s/ Edward Skoda
--------------------------                 --------------------------
L. Raymon Paqette                          Edward Skoda, Director

<page>

                                 SCHEDULE "A"
                                 ------------

           TO THAT CERTAIN AGREEMENT MADE AS OF MAY 24, 2004
            BETWEEN ZEO-TECH ENVIRO CORP. AND COLOSSUS VENTURES INC.

The Claim consists of one mineral claim  comprising 150 hectares  located in the
Kamloops Mining  Division,  British  Columbia,  Canada with the following record
number:

               Name of Claim                 Record Number

                  Lem #2                       334438

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