EX-4.3






Exhibit 4.3




FORM OF GUARANTEE OF CBS OPERATIONS INC.




          FOR VALUE RECEIVED, CBS OPERATIONS INC., a corporation duly organized and existing under the
laws of the State of Delaware (herein called the “Guarantor”, which term includes any
successor corporation under the Indenture referred to in the Security upon which this Guarantee is
endorsed), hereby fully and unconditionally guarantees to the holder of the Security upon which
this Guarantee is endorsed the due and punctual payment of the principal of and interest
(including, in case of default, interest on principal and, to the extent permitted by applicable
law, on overdue interest), if any, on this Security, when and as the same shall become due and
payable, whether at Stated Maturity, upon redemption, upon declaration of acceleration or
otherwise, according to the terms thereof and of the Indenture referred to therein. In case of the
failure of CBS Corporation or any successor thereto (herein called the “Company”)
punctually to pay any such principal or interest, the Guarantor hereby agrees to cause any such
payment to be made punctually when and as the same shall become due and payable, whether at Stated
Maturity, upon redemption, upon declaration of acceleration or otherwise, as if such payment were
made by the Company.




          The Guarantor hereby agrees that its obligations hereunder shall be as if it were principal
debtor and not merely surety, and shall be absolute and unconditional, irrespective of the identity
of the Company, the validity, regularity or enforceability of this Security or said Indenture, the
absence of any action to enforce the same, any waiver or consent by the Holder of this Security
with respect to any provisions thereof, the recovery of any judgment against the Company or any
action to enforce the same, or any other circumstance which might otherwise constitute a legal or
equitable discharge or defense of a guarantor. The Guarantor hereby waives diligence, presentment,
demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the
Company, any right to require a proceeding first against the Company, protest, notice and all
demands whatsoever and covenants that this Guarantee will not be discharged except by complete
performance of the obligations contained in this Security and in this Guarantee.




          The Guarantor shall be subrogated to all rights of the Holder of this Security against the
Company in respect of any amounts paid by the Guarantor pursuant to the provisions of this
Guarantee or the Indenture referred to in this Security; provided, however, that the Guarantor
shall not be entitled to enforce or to receive any payment arising out of, or based upon, such
right of subrogation until the principal of and interest on all Securities of the series of which
the Security upon which this Guarantee is endorsed constitutes a part shall have been indefeasibly
paid in full.




          The Indenture provides that in the event that this Guarantee would constitute or result in a
fraudulent transfer or conveyance for purposes of, or result in a violation of, any United States
federal, or applicable United States state, fraudulent transfer or conveyance or similar law, then
the liability of the Guarantor hereunder shall be reduced to the extent necessary to eliminate such
fraudulent transfer or conveyance or violation under the applicable fraudulent transfer or
conveyance or similar law.




 









 








          If the Trustee or the Holder of the Security upon which this Guarantee is endorsed is required
by any court or otherwise to return to the Company or the Guarantor, or any custodian, receiver,
liquidator, assignee, trustee, sequestrator or other similar official acting in relation to the
Company or the Guarantor, any amount paid to the Trustee or such Holder in respect of the Security
upon which this Guarantee is endorsed, this Guarantee, to the extent theretofore discharged, shall
be reinstated in full force and effect. The Guarantor further agrees, to the fullest extent that
it may lawfully do so, that, as between the Guarantor, on the one hand, and the Holders and the
Trustee, on the other hand, the maturity of the obligations guaranteed hereby may be accelerated as
provided in Article Five of the Indenture for the purposes of this Guarantee, notwithstanding any
stay, injunction or other prohibition extant under any applicable bankruptcy law preventing such
acceleration in respect of the obligations guaranteed hereby.




          All terms used in this Guarantee that are defined in the Indenture and are not otherwise
defined herein shall have the meaning assigned to them in the Indenture.




          This Guarantee shall be governed by, and construed in accordance with, the laws of the State
of New York.




          Subject to the next following paragraph, the Guarantor hereby certifies and warrants that all
acts, conditions and things required to be done and performed and to have happened precedent to the
creation and issuance of this Guarantee and to constitute the same valid obligation of the
Guarantor have been done and performed and have happened in due compliance with all applicable
laws.




          This Guarantee shall not be valid or become obligatory for any purpose until the certificate
of authentication on the Security upon which this Guarantee is endorsed has been signed by the
Trustee under the Indenture referred to in this Security.




 









 







     IN WITNESS WHEREOF, the Guarantor has caused this instrument to be duly executed.




	 	 	 	 	 
	Dated: May 13, 2009 	CBS Operations Inc.,

as Guarantor

 	 
	 	By:  	 	 
	 	 	 	 
	 	 	 	 
	 



	 	 	 	 	 
	Attest:

 	 	 
	
 	 	 
	Authorized Signature