Document:

Exhibit 10.1

 Exhibit 10.1 

 
  

 
 REGISTRATION RIGHTS AGREEMENT

 Dated as of April 30, 2010 

Among 

ALLBRITTON COMMUNICATIONS COMPANY 

as Issuer 
 and

 DEUTSCHE BANK SECURITIES INC. 

and 
 BANC OF
AMERICA SECURITIES LLC 
 as Initial Purchasers 

8% Senior Notes due 2018 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	 	  	Page
			
	 1.
	  	Definitions	  	1
			
	 2.
	  	Exchange Offer	  	5
			
	 3.
	  	Shelf Registration	  	8
			
	 4.
	  	Additional Interest	  	10
			
	 5.
	  	Registration Procedures	  	12
			
	 6.
	  	Registration Expenses	  	21
			
	 7.
	  	Indemnification and Contribution	  	22
			
	 8.
	  	Rules 144 and 144A	  	26
			
	 9.
	  	Underwritten Registrations	  	26
			
	 10.
	  	Miscellaneous	  	27

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 REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (this “Agreement”) is dated as of April 30, 2010, among ALLBRITTON
COMMUNICATIONS COMPANY, a Delaware corporation (the “Company”), and DEUTSCHE BANK SECURITIES INC. and BANC OF AMERICA SECURITIES LLC, as initial purchasers (collectively, the “Initial Purchasers”). 

This Agreement is entered into in connection with the Purchase Agreement by and among the Company and the Initial Purchasers, dated as of
April 22, 2010 (the “Purchase Agreement”), which provides for, among other things, the sale by the Company to the Initial Purchasers of $455,000,000 aggregate principal amount of the Company’s 8% Senior Notes due 2018 (the
“Notes”). In order to induce the Initial Purchasers to enter into the Purchase Agreement, the Company has agreed to provide the registration rights set forth in this Agreement for the benefit of the Initial Purchasers and any
subsequent holder or holders of the Notes. The execution and delivery of this Agreement is a condition to the Initial Purchasers’ obligation to purchase the Notes under the Purchase Agreement. 

The parties hereby agree as follows: 
  

	 	1.	Definitions 

 As used in
this Agreement, the following terms shall have the following meanings: 
 Additional Interest: See Section 4(a)
hereof. 
 Advice: See the last paragraph of Section 5 hereof. 

Agreement: See the introductory paragraphs hereto. 

Applicable Period: See Section 2(b) hereof. 

Application: See Section 7(a) hereof. 

Business Day: Any day that is not a Saturday, Sunday or a day on which banking institutions in New York are authorized or required
by law to be closed. 
 Company: See the introductory paragraphs hereto. 

Effectiveness Date: With respect to (i) the Exchange Offer Registration Statement, the 240th day after the Issue Date and
(ii) any Shelf Registration Statement, the 75th day after the Filing Date with respect thereto; provided, however, that if the Effectiveness 

 
Date would otherwise fall on a day that is not a Business Day, then the Effectiveness Date shall be the next succeeding Business Day. 

Effectiveness Period: See Section 3(a) hereof. 

Event Date: See Section 4(b) hereof. 

Exchange Act: The Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder.

 Exchange Notes: See Section 2(a) hereof. 

Exchange Offer: See Section 2(a) hereof. 

Exchange Offer Registration Statement: See Section 2(a) hereof. 

FINRA: Financial Industry Regulatory Authority, Inc. 

Filing Date: (A) If no Registration Statement has been filed by the Company pursuant to this Agreement, the 150th day after
the Issue Date; and (B) in any other case (which may be applicable notwithstanding the consummation of the Exchange Offer), the 30th day after the delivery of a Shelf Notice as required pursuant to Section 2(c) hereof; provided,
however, that if the Filing Date would otherwise fall on a day that is not a Business Day, then the Filing Date shall be the next succeeding Business Day. 

Holder: Any holder of a Registrable Note or Registrable Notes. 

Indenture: The Indenture, dated as of April 30, 2010, between the Company and U.S. Bank National Association, as Trustee,
pursuant to which the Notes are being issued, as amended or supplemented from time to time in accordance with the terms thereof. 

Information: See Section 5(o) hereof. 

Initial Purchasers: See the introductory paragraphs hereto. 

Initial Shelf Registration: See Section 3(a) hereof. 

Inspectors: See Section 5(o) hereof. 

Issue Date: April 30, 2010, the date of original issuance of the Notes. 

Notes: See the introductory paragraphs hereto. 

Participant: See Section 7(a) hereof. 

 

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 Participating Broker-Dealer: See Section 2(b) hereof. 

Person: An individual, trustee, corporation, partnership, limited liability company, joint stock company, trust, unincorporated
association, union, business association, firm or other legal entity. 
 Private Exchange: See Section 2(b) hereof.

 Private Exchange Notes: See Section 2(b) hereof. 

Prospectus: The prospectus included in any Registration Statement (including, without limitation, any prospectus subject to
completion and a prospectus that includes any information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A under the Securities Act and any “issuer free writing
prospectus” as defined in Rule 433 under the Securities Act), as amended or supplemented by any prospectus supplement, and all other amendments and supplements to the Prospectus, including post-effective amendments, and all material
incorporated by reference or deemed to be incorporated by reference in such Prospectus. 
 Purchase Agreement: See the
introductory paragraphs hereof. 
 Records: See Section 5(o) hereof. 

Registrable Notes: Each Note upon its original issuance and at all times subsequent thereto, each Exchange Note as to which
Section 2(c)(iv) hereof is applicable upon original issuance and at all times subsequent thereto and each Private Exchange Note upon original issuance thereof and at all times subsequent thereto, until, in each case, the earliest to occur of
(i) a Registration Statement (other than, with respect to any Exchange Note as to which Section 2(c)(iv) hereof is applicable, the Exchange Offer Registration Statement) covering such Note, Exchange Note or Private Exchange Note has been
declared effective by the SEC and such Note, Exchange Note or such Private Exchange Note, as the case may be, has been disposed of in accordance with such effective Registration Statement, (ii) such Note has been exchanged pursuant to the
Exchange Offer for an Exchange Note or Exchange Notes that may be resold without restriction under state and federal securities laws, (iii) such Note, Exchange Note or Private Exchange Note, as the case may be, ceases to be outstanding for
purposes of the Indenture or (iv) such Note or Private Exchange Note, as the case may be, shall have been otherwise transferred by the holder thereof and a new security not bearing a legend restricting further transfer shall have been delivered
by the Company and subsequent disposition of such new security shall not require registration or qualification under the Securities Act or any similar state law then in force. 

Registration Statement: Any registration statement of the Company that covers any of the Notes, the Exchange Notes or the Private
Exchange Notes filed with the SEC 
  

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under the Securities Act, including the Prospectus, amendments and supplements to such registration statement, including post-effective amendments, all exhibits, and all material incorporated by
reference or deemed to be incorporated by reference in such registration statement. 
 Regulatory Requirements: See the
last paragraph of this Section 1. 
 Rule 144: Rule 144 under the Securities Act. 

Rule 144A: Rule 144A under the Securities Act. 

Rule 405: Rule 405 under the Securities Act. 

Rule 415: Rule 415 under the Securities Act. 

Rule 424: Rule 424 under the Securities Act. 

SEC: The U.S. Securities and Exchange Commission. 

Securities Act: The Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder.

 Shelf Notice: See Section 2(c) hereof. 

Shelf Registration: See Section 3(b) hereof. 

Shelf Registration Statement: Any Registration Statement relating to a Shelf Registration. 

Shelf Suspension Period: See Section 3(a) hereof. 

Subsequent Shelf Registration: See Section 3(b) hereof. 

TIA: The Trust Indenture Act of 1939, as amended. 

Trustee: The trustee under the Indenture and the trustee (if any) under any indenture governing the Exchange Notes and Private
Exchange Notes. 
 Underwritten registration or underwritten offering: A registration in which securities of the Company
are sold to an underwriter for reoffering to the public. 
 Except as otherwise specifically provided, all references in this
Agreement to acts, laws, statutes, rules, regulations, releases, forms, no-action letters and other regulatory requirements (collectively, “Regulatory Requirements”) shall be deemed to refer also to any amendments thereto and all
subsequent Regulatory Requirements adopted as a replacement 
  

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thereto having substantially the same effect therewith; provided that Rule 144 shall not be deemed to amend or replace Rule 144A. 

 

	 	2.	Exchange Offer 

 (a)
Unless the Exchange Offer shall not be permissible under applicable law or SEC policy, the Company shall file with the SEC, no later than the Filing Date, a Registration Statement (the “Exchange Offer Registration Statement”) on an
appropriate registration form with respect to a registered offer (the “Exchange Offer”) to exchange any and all of the Registrable Notes for a like aggregate principal amount of debt securities of the Company (the “Exchange
Notes”), that are identical in all material respects to the Notes, except that (i) the Exchange Notes shall contain no restrictive legend thereon and (ii) interest thereon shall accrue from the last date on which interest was paid
on the Notes or if no such interest has been paid, from the Issue Date, and which are entitled to the benefits of the Indenture or a trust indenture which is identical in all material respects to the Indenture (other than such changes to the
Indenture or any such identical trust indenture as are necessary to comply with the TIA) and which, in either case, conforms to the requirements necessary for qualification under the TIA. The Exchange Offer shall comply with all applicable tender
offer rules and regulations under the Exchange Act and other applicable laws. The Company shall (x) use its commercially reasonable efforts to cause the Exchange Offer Registration Statement to be declared effective under the Securities Act on
or before the Effectiveness Date and (y) commence the Exchange Offer and use commercially reasonable efforts to issue the Exchange Notes on or prior to the 270th day following the Issue Date. 

Each Holder (including, without limitation, each Participating Broker-Dealer) who participates in the Exchange Offer will be required to
represent to the Company in writing (which may be contained in the applicable letter of transmittal) that: (i) any Exchange Notes acquired in exchange for Registrable Notes tendered are being acquired in the ordinary course of business of the
Person receiving such Exchange Notes, whether or not such recipient is such Holder itself; (ii) at the time of the commencement or consummation of the Exchange Offer neither such Holder nor, to the actual knowledge of such Holder, any other
Person receiving Exchange Notes from such Holder has an arrangement or understanding with any Person to participate in the “distribution” (within the meaning of the Securities Act) of the Exchange Notes in violation of the provisions of
the Securities Act; (iii) neither the Holder nor, to the actual knowledge of such Holder, any other Person receiving Exchange Notes from such Holder is an “affiliate” (as defined in Rule 405) of the Company or, if it is an
affiliate of the Company, it will comply with the registration and prospectus delivery requirements of the Securities Act to the extent applicable and will provide information to be included in the Shelf Registration Statement in accordance with
Section 5 hereof in order to have their Notes included in the Shelf Registration Statement and benefit from the provisions regarding Additional Interest in Section 4 hereof; (iv) neither such Holder nor, to the actual knowledge of
such Holder, any other Person receiving Exchange Notes from such Holder is engaging in or 
  

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intends to engage in a “distribution” (within the meaning of the Securities Act) of the Exchange Notes; and (v) if such Holder is a Participating Broker-Dealer, such Holder has
acquired the Registrable Notes as a result of market-making activities or other trading activities and that it will comply with the applicable provisions of the Securities Act (including, but not limited to, the prospectus delivery requirements
thereunder) in connection with any resale of the Exchange Notes. 
 Upon consummation of the Exchange Offer in accordance with
this Section 2, the provisions of this Agreement shall continue to apply, mutatis mutandis, solely with respect to Registrable Notes that are Private Exchange Notes, Exchange Notes as to which Section 2(c)(iv) is applicable
and Exchange Notes held by Participating Broker-Dealers, and the Company shall have no further obligation to register Registrable Notes (other than Private Exchange Notes and Exchange Notes as to which clause 2(c)(iv) hereof applies) pursuant
to Section 3 hereof. 
 No securities other than the Exchange Notes shall be included in the Exchange Offer Registration
Statement. 
 (b) The Company shall include within the Prospectus contained in the Exchange Offer Registration Statement a
section entitled “Plan of Distribution,” reasonably acceptable to the Initial Purchasers, which shall contain a summary statement of the positions taken or policies made by the staff of the SEC with respect to the potential
“underwriter” status of any broker-dealer that is the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of Exchange Notes received by such broker-dealer in the Exchange Offer (a “Participating
Broker-Dealer”), whether such positions or policies have been publicly disseminated by the staff of the SEC or such positions or policies represent the prevailing views of the staff of the SEC. Such “Plan of Distribution” section
shall also expressly permit, to the extent permitted by applicable policies and regulations of the SEC, the use of the Prospectus by all Persons subject to the prospectus delivery requirements of the Securities Act, including, to the extent
permitted by applicable policies and regulations of the SEC, all Participating Broker-Dealers, and include a statement describing the means by which Participating Broker-Dealers may resell the Exchange Notes in compliance with the Securities Act.

 The Company shall use its commercially reasonable efforts to keep the Exchange Offer Registration Statement effective and to
amend and supplement the Prospectus contained therein in order to permit such Prospectus to be lawfully delivered by all Persons subject to the prospectus delivery requirements of the Securities Act for such period of time as is necessary to comply
with applicable law in connection with any resale of the Exchange Notes; provided, however, that such period shall not be required to exceed 90 days or such longer period if extended pursuant to the last paragraph of Section 5
hereof (the “Applicable Period”). 
  

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 If, prior to consummation of the Exchange Offer, the Initial Purchasers hold any Notes
acquired by them that have the status of an unsold allotment in the initial distribution, the Company, upon the request of the Initial Purchasers, shall simultaneously with the delivery of the Exchange Notes issue and deliver to the Initial
Purchasers, in exchange (the “Private Exchange”) for such Notes held by any such Holder, a like principal amount of notes (the “Private Exchange Notes”) of the Company, that are identical in all material respects to
the Exchange Notes except for the placement of a restrictive legend on such Private Exchange Notes. The Private Exchange Notes shall be issued pursuant to the same indenture as the Exchange Notes and bear the same CUSIP number as the Exchange Notes
if permitted by the CUSIP Service Bureau. 
 In connection with the Exchange Offer, the Company shall: 

(1) mail, or cause to be mailed, to each Holder of record entitled to participate in the Exchange Offer a copy of the
Prospectus forming part of the Exchange Offer Registration Statement, together with an appropriate letter of transmittal and related documents; 

(2) use its commercially reasonable efforts to keep the Exchange Offer open for not less than 30 days after the date that
notice of the Exchange Offer is mailed to Holders (or longer if required by applicable law); 
 (3) utilize the
services of a depositary for the Exchange Offer with an address in the Borough of Manhattan, The City of New York; 

(4) permit Holders to withdraw tendered Notes at any time prior to the close of business, New York time, on the last
Business Day on which the Exchange Offer remains open; and 
 (5) otherwise comply in all material respects with
all applicable laws, rules and regulations. 
 As soon as practicable after the close of the Exchange Offer and the Private
Exchange, if any, the Company shall: 
 (1) accept for exchange all Registrable Notes validly tendered and not
validly withdrawn pursuant to the Exchange Offer and the Private Exchange, if any; 
 (2) deliver to the Trustee
for cancellation all Registrable Notes so accepted for exchange; and 
 (3) cause the Trustee to authenticate and
deliver promptly to each Holder of Notes, Exchange Notes or Private Exchange Notes, as the case may be, equal in 
  

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principal amount to the Notes of such Holder so accepted for exchange; provided that, in the case of any Notes held in global form by a depositary, authentication and delivery to such
depositary of one or more replacement Notes in global form in an equivalent principal amount thereto for the account of such Holders in accordance with the Indenture shall satisfy such authentication and delivery requirement. 

The Exchange Offer and the Private Exchange shall not be subject to any conditions, other than that (i) the Exchange Offer or
Private Exchange, as the case may be, does not violate applicable law or any SEC policy; (ii) no action or proceeding shall have been instituted or threatened in any court or by any governmental agency which might materially impair the ability
of the Company to proceed with the Exchange Offer or the Private Exchange, and no material adverse development shall have occurred in any existing action or proceeding with respect to the Company; and (iii) all governmental approvals shall have
been obtained, which approvals the Company deems necessary for the consummation of the Exchange Offer or Private Exchange. 

The Exchange Notes and the Private Exchange Notes shall be issued under (i) the Indenture or (ii) an indenture identical in all
material respects to the Indenture and which, in either case, conforms to the requirements necessary for qualification under the TIA or is exempt from such qualification and shall provide that the Exchange Notes shall not be subject to the transfer
restrictions set forth in the Indenture. The Indenture or such indenture shall provide that the Exchange Notes, the Private Exchange Notes and the Notes shall vote and consent together on all matters as one class and that none of the Exchange Notes,
the Private Exchange Notes or the Notes will have the right to vote or consent as a separate class on any matter. 
 (c) If,
(i) because of any change in law or in currently prevailing SEC policy, the Company is not permitted to effect the Exchange Offer, (ii) the Exchange Offer is not consummated within 270 days of the Issue Date, (iii) any holder of
Private Exchange Notes so requests in writing to the Company at any time after the consummation of the Exchange Offer, or (iv) in the case of any Holder that participates in the Exchange Offer, such Holder does not receive Exchange Notes on the
date of the exchange that may be sold without restriction under state and federal securities laws (other than due solely to the status of such Holder as an affiliate of the Company within the meaning of the Securities Act) and so notifies the
Company within 30 days after such Holder first becomes aware of such restrictions, in the case of each of clauses (i) to and including (iv) of this sentence, then the Company shall promptly deliver to the Holders and the Trustee written
notice thereof (the “Shelf Notice”) and shall file a Shelf Registration pursuant to Section 3 hereof. 
  

	 	3.	Shelf Registration 

 If at
any time a Shelf Notice is delivered as contemplated by Section 2(c) hereof, then: 
  

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 (a) Shelf Registration. The Company shall as promptly as practicable
file with the SEC a Registration Statement for an offering to be made on a continuous basis pursuant to Rule 415 covering all of the Registrable Notes (the “Initial Shelf Registration”). The Company shall use its commercially
reasonable efforts to file with the SEC the Initial Shelf Registration on or prior to the applicable Filing Date. The Initial Shelf Registration shall be an appropriate form permitting registration of such Registrable Notes for resale by Holders in
the manner or manners designated by them (including, without limitation, one or more underwritten offerings). The Company shall not permit any securities other than the Registrable Notes to be included in the Initial Shelf Registration or any
Subsequent Shelf Registration (as defined below). 
 The Company shall use its commercially reasonable efforts to
cause the Initial Shelf Registration to be declared effective under the Securities Act on or prior to the Effectiveness Date and to keep the Initial Shelf Registration continuously effective under the Securities Act until the date that is two years
from the Issue Date or such shorter period ending when all Registrable Notes covered by the Initial Shelf Registration have been sold in the manner set forth and as contemplated in the Initial Shelf Registration or, if applicable, a Subsequent Shelf
Registration (the “Effectiveness Period”); provided, however, that the Effectiveness Period in respect of the Initial Shelf Registration shall be extended to the extent required to permit dealers to comply with the
applicable prospectus delivery requirements of Rule 174 under the Securities Act and as otherwise provided herein. Notwithstanding anything to the contrary in this Agreement, at any time, the Company may delay the filing of any Initial Shelf
Registration Statement or delay or suspend the effectiveness thereof, for a reasonable period of time, but not in excess of an aggregate of 75 days in any calendar year (a “Shelf Suspension Period”), if the Board of Directors of the
Company determines reasonably and in good faith that the filing of any such Initial Shelf Registration Statement or the continuing effectiveness thereof would require the disclosure of non-public material information that, in the reasonable judgment
of the Board of Directors of the Company, would be detrimental to the Company if so disclosed or would otherwise materially adversely affect a financing, acquisition, disposition, merger or other material transaction. 

(b) Withdrawal of Stop Orders; Subsequent Shelf Registrations. If the Initial Shelf Registration or any Subsequent
Shelf Registration ceases to be effective for any reason at any time during the Effectiveness Period (other than because of the sale of all of the Notes registered thereunder or during a Shelf Suspension Period as permitted by Section 3(a)),
the Company shall use its commercially reasonable efforts to obtain the prompt withdrawal of any order suspending the effectiveness thereof, and in any event shall within 30 days of such cessation of effectiveness amend such Shelf Registration
Statement in a manner to obtain the withdrawal of the order suspending the effectiveness thereof, or file an additional Shelf Registration Statement pursuant to 

 

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Rule 415 covering all of the Registrable Notes covered by and not sold under the Initial Shelf Registration or an earlier Subsequent Shelf Registration (each, a “Subsequent Shelf
Registration”). If a Subsequent Shelf Registration is filed, the Company shall use its commercially reasonable efforts to cause the Subsequent Shelf Registration to be declared effective under the Securities Act as soon as practicable after
such filing and to keep such subsequent Shelf Registration continuously effective for a period equal to the number of days in the Effectiveness Period less the aggregate number of days during which the Initial Shelf Registration or any Subsequent
Shelf Registration was previously effective. As used herein the term “Shelf Registration” means the Initial Shelf Registration and any Subsequent Shelf Registration. 

(c) Supplements and Amendments. The Company shall promptly supplement and amend the Shelf Registration if required
by the rules, regulations or instructions applicable to the registration form used for such Shelf Registration, if required by the Securities Act, or if reasonably requested by the Holders of a majority in aggregate principal amount of the
Registrable Notes (or their counsel) covered by such Registration Statement with respect to the information included therein with respect to one or more of such Holders, or by any underwriter of such Registrable Notes with respect to the information
included therein with respect to such underwriter. 
  

	 	4.	Additional Interest 

 (a)
The Company and the Initial Purchasers agree that the Holders will suffer damages if the Company fails to fulfill its obligations under Section 2 or Section 3 hereof and that it would not be feasible to ascertain the extent of such damages
with precision. Accordingly, the Company agrees to pay, as liquidated damages, additional interest on the Notes (“Additional Interest”) under the circumstances and to the extent set forth below (each of which shall be given
independent effect): 
 (i) if (A) neither the Exchange Offer Registration Statement nor the Initial Shelf
Registration has been filed on or prior to the Filing Date applicable thereto or (B) notwithstanding that the Company has consummated or will consummate the Exchange Offer, the Company is required to file a Shelf Registration and such Shelf
Registration is not filed on or prior to the Filing Date applicable thereto, then, commencing on the day after any such Filing Date, Additional Interest shall accrue on the principal amount of the Notes at a rate of 0.25% per annum for the
first 90 days immediately following such applicable Filing Date, and such Additional Interest rate shall increase by an additional 0.25% per annum at the beginning of each subsequent 90 day period; or 

(ii) if (A) neither the Exchange Offer Registration Statement nor the Initial Shelf Registration is declared
effective by the SEC on or prior to the Effectiveness Date applicable thereto or (B) notwithstanding that the Company has consummated or 

 

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will consummate the Exchange Offer, the Company is required to file a Shelf Registration and such Shelf Registration is not declared effective by the SEC on or prior to the Effectiveness Date
applicable to such Shelf Registration, then, commencing on the day after such Effectiveness Date, Additional Interest shall accrue on the principal amount of the Notes at a rate of 0.25% per annum for the first 90 days immediately following the
day after such Effectiveness Date, and such Additional Interest rate shall increase by an additional 0.25% per annum at the beginning of each subsequent 90 day period; or 

(iii) if (A) the Company has not exchanged the Exchange Notes for all Notes validly tendered in accordance with the
terms of the Exchange Offer on or prior to the 30th Business Day after the Effectiveness Date, as applicable to an Exchange Offer Registration Statement, or (B) if applicable, a Shelf Registration has been declared effective and such Shelf
Registration ceases to be effective at any time during the Effectiveness Period, then Additional Interest shall accrue on the principal amount of the Notes at a rate of 0.25% per annum for the first 90 days commencing on the (x) the
following day after the 30th Business Day after the Effectiveness Date, in the case of (A) above, or (y) the day such Shelf Registration ceases to be effective in the case of (B) above, and such Additional Interest rate shall increase
by an additional 0.25% per annum at the beginning of each such subsequent 90-day period; 
 provided, however, that the
Additional Interest rate on the Notes may not accrue under more than one of the foregoing clauses (i) - (iii) at any one time and at no time shall the aggregate amount of additional interest accruing exceed in the aggregate 1.0% per annum;
provided, further, however, that (1) upon the filing of the applicable Exchange Offer Registration Statement or the applicable Shelf Registration as required hereunder (in the case of clause (i) above of this
Section 4), (2) upon the effectiveness of the Exchange Offer Registration Statement or the applicable Shelf Registration Statement as required hereunder (in the case of clause (ii) of this Section 4), or (3) upon the
exchange of the Exchange Notes for all Notes tendered (in the case of clause (iii)(A) of this Section 4), or upon the effectiveness of the applicable Shelf Registration Statement which had ceased to remain effective (in the case of (iii)(B) of
this Section 4), Additional Interest on the Notes in respect of which such events relate as a result of such clause (or the relevant subclause thereof), as the case may be, shall cease to accrue. Notwithstanding any other provision of this
Section 4, the Company shall not be obligated to pay Additional Interest provided in Sections 4(a)(i)(B), 4(a)(ii)(B) or 4(a)(iii)(B) during a Shelf Suspension Period permitted by Section 3(a) hereof. 

(b) The Company shall notify the Trustee within one Business Day after each and every date on which an event occurs in respect of which
Additional Interest is required to be paid (an “Event Date”). Any amounts of Additional Interest due pursuant to (a)(i), (a)(ii) or (a)(iii) of this Section 4 will be payable in cash semiannually on each May 15 and
November 15 (to the holders of record on the May 1 and November 1 immediately 
  

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preceding such dates), commencing with the first such date occurring after any such Additional Interest commences to accrue. The amount of Additional Interest will be determined by multiplying
the applicable Additional Interest rate by the principal amount of the Registrable Notes, multiplied by a fraction, the numerator of which is the number of days such Additional Interest rate was applicable during such period (determined on the basis
of a 360 day year comprised of twelve 30 day months and, in the case of a partial month, the actual number of days elapsed), and the denominator of which is 360. 

(c) The liquidated damages set forth in this Section 4 shall be the exclusive remedy for the Holders if the Company fails to fulfill
its obligations under Section 2 or Section 3 hereof. 
  

	 	5.	Registration Procedures 

In connection with the filing of any Registration Statement pursuant to Section 2 or 3 hereof, the Company shall effect such
registration to permit the sale of the securities covered thereby in accordance with the intended method or methods of disposition thereof, and pursuant thereto and in connection with any Registration Statement filed by the Company hereunder, the
Company shall: 
 (a) Prepare and file with the SEC on or prior to the applicable Filing Date a Registration
Statement or Registration Statements as prescribed by Section 2 or 3 hereof, and use its commercially reasonable efforts to cause each such Registration Statement to become effective and remain effective as provided herein; provided,
however, that if (1) such filing is pursuant to Section 3 hereof or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the
Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period relating thereto from whom the Company has received prior written notice that it will be a Participating Broker-Dealer in the Exchange
Offer, before filing any Registration Statement or Prospectus or any amendments or supplements thereto, the Company shall furnish to and afford the Holders of the Registrable Notes covered by such Registration Statement (with respect to a
Registration Statement filed pursuant to Section 3 hereof) or each such Participating Broker-Dealer (with respect to any such Registration Statement), as the case may be, their counsel and the managing underwriters, if any, a reasonable
opportunity to review copies of all such documents (including copies of any documents to be incorporated by reference therein and all exhibits thereto) proposed to be filed (in each case at least five Business Days prior to such filing). The Company
shall not file any Registration Statement or Prospectus or any amendments or supplements thereto if the Holders of a majority in aggregate principal amount of the Registrable Notes covered by such Registration Statement, their counsel, or the
managing underwriters, if any, shall reasonably object on a timely basis. 
  

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 (b) Prepare and file with the SEC such amendments and post-effective
amendments to each Shelf Registration Statement or Exchange Offer Registration Statement, as the case may be, as may be necessary to keep such Registration Statement continuously effective for the Effectiveness Period, the Applicable Period or until
consummation of the Exchange Offer, as the case may be; cause the related Prospectus to be supplemented by any Prospectus supplement required by applicable law, and as so supplemented to be filed pursuant to Rule 424; and comply with the
provisions of the Securities Act and the Exchange Act applicable to it with respect to the disposition of all securities covered by such Registration Statement as so amended or in such Prospectus as so supplemented and with respect to the subsequent
resale of any securities being sold by a Participating Broker-Dealer covered by any such Prospectus. The Company shall be deemed not to have used its commercially reasonable efforts to keep a Registration Statement effective if the Company
voluntarily takes any action that would result in selling Holders of the Registrable Notes covered thereby or Participating Broker-Dealers seeking to sell Exchange Notes not being able to sell such Registrable Notes or such Exchange Notes during
that period unless such action is required by applicable law or permitted by this Agreement. 
 (c) If (1) a
Shelf Registration is filed pursuant to Section 3 hereof, or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any
Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period relating thereto from whom the Company has received written notice that it will be a Participating Broker-Dealer in the Exchange Offer, notify the selling
Holders of Registrable Notes (with respect to a Registration Statement filed pursuant to Section 3 hereof), or each such Participating Broker-Dealer (with respect to any such Registration Statement), as the case may be, their counsel and the
managing underwriters, if any, promptly (but in any event within one Business Day), and confirm such notice in writing, (i) when a Prospectus or any Prospectus supplement or post-effective amendment has been filed, and, with respect to a
Registration Statement or any post-effective amendment, when the same has become effective under the Securities Act (including in such notice a written statement that any Holder may, upon request, obtain, at the sole expense of the Company, one
conformed copy of such Registration Statement or post-effective amendment including financial statements and schedules, documents incorporated or deemed to be incorporated by reference and exhibits), (ii) of the issuance by the SEC of any stop
order suspending the effectiveness of a Registration Statement or of any order preventing or suspending the use of any preliminary prospectus or the initiation of any proceedings for that purpose, (iii) if at any time when a prospectus is
required by the Securities Act to be delivered in connection with sales of the Registrable Notes or resales of Exchange Notes by Participating Broker-Dealers the representations and warranties of the Company contained in any agreement (including any
underwriting agreement) contemplated by Section 5(n) hereof cease to be 
  

 -13- 

 
true and correct, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of a Registration Statement or
any of the Registrable Notes or the Exchange Notes to be sold by any Participating Broker-Dealer for offer or sale in any jurisdiction, or the initiation or threatening of any proceeding for such purpose, (v) of the happening of any event, the
existence of any condition or any information becoming known that makes any statement made in such Registration Statement or related Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material
respect or that requires the making of any changes in or amendments or supplements to such Registration Statement, Prospectus or documents so that, in the case of the Registration Statement, it will not contain any untrue statement of a material
fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and that in the case of the Prospectus, it will not contain any untrue statement of a material fact or omit to state
any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (vi) of the Company’s determination that a post-effective
amendment to a Registration Statement would be appropriate. 
 (d) Use its commercially reasonable efforts to
prevent the issuance of any order suspending the effectiveness of a Registration Statement or of any order preventing or suspending the use of a Prospectus or suspending the qualification (or exemption from qualification) of any of the Registrable
Notes or the Exchange Notes to be sold by any Participating Broker-Dealer, for sale in any jurisdiction, and, if any such order is issued, to use its commercially reasonable efforts to obtain the withdrawal of any such order at the earliest
practicable moment. 
 (e) If a Shelf Registration is filed pursuant to Section 3 and if requested during
the Effectiveness Period by the managing underwriter or underwriters (if any), the Holders of a majority in aggregate principal amount of the Registrable Notes being sold in connection with an underwritten offering or any Participating
Broker-Dealer, (i) as promptly as practicable incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or underwriters (if any), such Holders, any Participating Broker-Dealer or counsel for
any of them reasonably request to be included therein, (ii) make all required filings of such prospectus supplement or such post-effective amendment as soon as practicable after the Company has received notification of the matters to be
incorporated in such prospectus supplement or post-effective amendment, and (iii) supplement or make amendments to such Registration Statement. 

(f) If (1) a Shelf Registration is filed pursuant to Section 3 hereof, or (2) a Prospectus contained in the
Exchange Offer Registration Statement filed pursuant to 
  

 -14- 

 
Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period, furnish to each
selling Holder of Registrable Notes (with respect to a Registration Statement filed pursuant to Section 3 hereof) and to each such Participating Broker-Dealer who so requests (with respect to any such Registration Statement) and to their
respective counsel and each managing underwriter, if any, at the sole expense of the Company, one conformed copy of the Registration Statement or Registration Statements and each post-effective amendment thereto, including financial statements and
schedules, and, if requested, all documents incorporated or deemed to be incorporated therein by reference and all exhibits. 

(g) If (1) a Shelf Registration is filed pursuant to Section 3 hereof, or (2) a Prospectus contained in the
Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period, deliver to each
selling Holder of Registrable Notes (with respect to a Registration Statement filed pursuant to Section 3 hereof), or each such Participating Broker-Dealer (with respect to any such Registration Statement), as the case may be, their respective
counsel, and the underwriters, if any, at the sole expense of the Company, as many copies of the Prospectus or Prospectuses (including each form of preliminary prospectus) and each amendment or supplement thereto and any documents incorporated by
reference therein as such Persons may reasonably request; and, subject to the last paragraph of this Section 5, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders of
Registrable Notes or each such Participating Broker-Dealer, as the case may be, and the underwriters or agents, if any, and dealers, if any, in connection with the offering and sale of the Registrable Notes covered by, or the sale by Participating
Broker-Dealers of the Exchange Notes pursuant to, such Prospectus and any amendment or supplement thereto. 
 (h)
Prior to any public offering of Registrable Notes or any delivery of a Prospectus contained in the Exchange Offer Registration Statement by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period, use its
commercially reasonable efforts to register or qualify, and to cooperate with the selling Holders of Registrable Notes or each such Participating Broker-Dealer, as the case may be, the managing underwriter or underwriters, if any, and their
respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Notes for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United
States as any selling Holder, Participating Broker-Dealer, or the managing underwriter or underwriters reasonably request in writing; provided, however, that where Exchange Notes held by Participating Broker-Dealers or Registrable
Notes are offered other than through an 
  

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underwritten offering, the Company agrees to cause their counsel to perform Blue Sky investigations and file registrations and qualifications required to be filed pursuant to this
Section 5(h), keep each such registration or qualification (or exemption therefrom) effective during the period such Registration Statement is required to be kept effective and do any and all other acts or things necessary or advisable to
enable the disposition in such jurisdictions of the Exchange Notes held by Participating Broker-Dealers or the Registrable Notes covered by the applicable Registration Statement; provided, however, that the Company shall not be
required to (A) qualify generally to do business in any jurisdiction where it is not then so qualified, (B) take any action that would subject it to general service of process in any such jurisdiction where it is not then so subject or
(C) subject itself to taxation in excess of a nominal dollar amount in any such jurisdiction where it is not then so subject. 

(i) If a Shelf Registration is filed pursuant to Section 3 hereof, cooperate with the selling Holders of Registrable
Notes and the managing underwriter or underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Notes to be sold, which certificates shall not bear any restrictive legends and shall be in a form
eligible for deposit with The Depository Trust Company; and enable such Registrable Notes to be in such denominations (subject to applicable requirements contained in the Indenture) and registered in such names as the managing underwriter or
underwriters, if any, or Holders may request. 
 (j) Use its commercially reasonable efforts to cause the
Registrable Notes covered by the Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriter or underwriters, if any, to
consummate the disposition of such Registrable Notes, except as may be required solely as a consequence of the nature of such selling Holder’s business, in which case the Company will cooperate in all respects with the filing of such
Registration Statement and the granting of such approvals. 
 (k) If (1) a Shelf Registration is filed
pursuant to Section 3 hereof, or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who
seeks to sell Exchange Notes during the Applicable Period, upon the occurrence of any event contemplated by paragraph 5(c)(v) or 5(c)(vi) hereof, as promptly as practicable prepare and (subject to Section 5(a) hereof) file with the SEC, at
the sole expense of the Company, a supplement or post-effective amendment to the Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, or file any other
required document so that, as thereafter delivered to the purchasers of the Registrable Notes being sold thereunder (with respect to a Registration Statement filed 

 

 -16- 

 
pursuant to Section 3 hereof) or to the purchasers of the Exchange Notes to whom such Prospectus will be delivered by a Participating Broker-Dealer (with respect to any such Registration
Statement), any such Prospectus will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they
were made, not misleading. 
 (l) Use its commercially reasonable efforts to cause the Registrable Notes covered
by a Registration Statement or the Exchange Notes, as the case may be, to be rated with the appropriate rating agencies, if so requested by the Holders of a majority in aggregate principal amount of Registrable Notes covered by such Registration
Statement or the Exchange Notes, as the case may be, or the managing underwriter or underwriters, if any. 
 (m)
Prior to the effective date of the first Registration Statement relating to the Registrable Notes, (i) provide the Trustee with certificates for the Registrable Notes in a form eligible for deposit with The Depository Trust Company and
(ii) provide a CUSIP number for the Registrable Notes. 
 (n) In connection with any underwritten offering
of Registrable Notes pursuant to a Shelf Registration, enter into an underwriting agreement as is customary in underwritten offerings of debt securities similar to the Notes, and take all such other actions as are reasonably requested by the
managing underwriter or underwriters in order to expedite or facilitate the registration or the disposition of such Registrable Notes and, in such connection, (i) make such representations and warranties to, and covenants with, the underwriters
with respect to the business of the Company (including any acquired business, properties or entity, if applicable), and the Registration Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in
each case, as are customarily made to underwriters in underwritten offerings of debt securities similar to the Notes, and confirm the same in writing if and when requested; (ii) obtain the written opinions of counsel to the Company, and written
updates thereof in form, scope and substance reasonably satisfactory to the managing underwriter or underwriters, addressed to the underwriters covering the matters customarily covered in opinions reasonably requested in underwritten offerings;
(iii) obtain “cold comfort” letters and updates thereof in form, scope and substance reasonably satisfactory to the managing underwriter or underwriters from the independent certified public accountants of the Company (and, if
necessary, any other independent certified public accountants of the Company, or of any business acquired by the Company, for which financial statements and financial data are, or are required to be, included or incorporated by reference in the
Registration Statement), addressed to each of the underwriters, such letters to be in customary form and covering matters of the type customarily covered in “cold comfort” letters in connection with

  

 -17- 

 
underwritten offerings of debt securities similar to the Notes; and (iv) if an underwriting agreement is entered into, the same shall contain indemnification provisions and procedures no
less favorable to the sellers and underwriters, if any, than those set forth in Section 7 hereof (or such other less favorable provisions and procedures as are reasonably acceptable to Holders of a majority in aggregate principal amount of
Registrable Notes covered by such Registration Statement and the managing underwriter or underwriters or agents, if any). The above shall be done at each closing under such underwriting agreement, or as and to the extent required thereunder.

 (o) If (1) a Shelf Registration is filed pursuant to Section 3 hereof, or (2) a Prospectus
contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period,
make available for inspection by any Initial Purchaser, any selling Holder of such Registrable Notes being sold (with respect to a Registration Statement filed pursuant to Section 3 hereof), or each such Participating Broker-Dealer, as the case
may be, any underwriter participating in any such disposition of Registrable Notes, if any, and any attorney, accountant or other agent retained by any such selling Holder or each such Participating Broker-Dealer (with respect to any such
Registration Statement), as the case may be, or underwriter (any such Initial Purchasers, Holders, Participating Broker-Dealers, underwriters, attorneys, accountants or agents, collectively, the “Inspectors”), upon written request,
at the offices where normally kept, during reasonable business hours, all pertinent financial and other records, pertinent corporate documents and instruments of the Company and subsidiaries of the Company (collectively, the
“Records”), as shall be reasonably necessary to enable them to exercise any applicable due diligence responsibilities, and cause the officers, directors and employees of the Company and any of its subsidiaries to supply all
information (“Information”) reasonably requested by any such Inspector in connection with such due diligence responsibilities. Each Inspector shall agree in writing that it will keep the Records and Information confidential and that
it will not disclose any of the Records or Information that the Company determines, in good faith, to be confidential and notifies the Inspectors in writing are confidential unless (i) the disclosure of such Records or Information is necessary
to avoid or correct a misstatement or omission in such Registration Statement or Prospectus, (ii) the release of such Records or Information is ordered pursuant to a subpoena or other order from a court of competent jurisdiction,
(iii) disclosure of such Records or Information is necessary or advisable, in the opinion of counsel for any Inspector, in connection with any action, claim, suit or proceeding, directly or indirectly, involving or potentially involving such
Inspector and arising out of, based upon, relating to, or involving this Agreement or the Purchase Agreement, or any transactions contemplated hereby or thereby or arising hereunder or thereunder, or (iv) the information in such Records or
Information has been made generally available to the public other than by an Inspector or an “affiliate” (as defined in 

 

 -18- 

 
Rule 405) thereof; provided, however, that prior notice shall be provided as soon as practicable to the Company of the potential disclosure of any information by such Inspector
pursuant to clauses (i), (ii) or (iii) of this sentence to permit the Company to obtain a protective order (or waive the provisions of this paragraph (o)) and that such Inspector shall take such actions as are reasonably
necessary to protect the confidentiality of such information (if practicable) to the extent such action is otherwise not inconsistent with, an impairment of or in derogation of the rights and interests of the Holder or any Inspector. 

(p) Provide an indenture trustee for the Registrable Notes or the Exchange Notes, as the case may be, and, unless exempt
from qualification, cause the Indenture or the trust indenture provided for in Section 2(a) hereof, as the case may be, to be qualified under the TIA not later than the effective date of the first Registration Statement relating to the
Registrable Notes; and in connection therewith, cooperate with the trustee under any such indenture and the Holders of the Registrable Notes, to effect such changes (if any) to such indenture as may be required for such indenture to be so qualified
in accordance with the terms of the TIA; and execute, and use its commercially reasonable efforts to cause such trustee to execute, all documents as may be required to effect such changes, and all other forms and documents required to be filed with
the SEC to enable such indenture to be so qualified in a timely manner. 
 (q) Comply with all applicable rules
and regulations of the SEC and make generally available to its securityholders with regard to any applicable Registration Statement, a consolidated earning statement satisfying the provisions of Section 11(a) of the Securities Act and
Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any fiscal quarter (or 90 days after the end of any 12-month period if such period is a fiscal year)
(i) commencing at the end of any fiscal quarter in which Registrable Notes are sold to underwriters in a firm commitment or best efforts underwritten offering and (ii) if not sold to underwriters in such an offering, commencing on the
first day of the first fiscal quarter of the Company, after the effective date of a Registration Statement, which statements shall cover said 12-month periods. 

(r) Upon consummation of the Exchange Offer or a Private Exchange, obtain an opinion of counsel to the Company, in a form
customary for underwritten transactions, addressed to the Trustee for the benefit of all Holders of Registrable Notes participating in the Exchange Offer or the Private Exchange, as the case may be, that the Exchange Notes or Private Exchange Notes,
as the case may be, and the related indenture each constitute a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, subject to customary exceptions and qualifications. If the Exchange
Offer or a Private Exchange is to be consummated, upon delivery of the Registrable Notes by Holders to the Company (or 

 

 -19- 

 
to such other Person as directed by the Company), in exchange for the Exchange Notes or the Private Exchange Notes, as the case may be, the Company shall mark, or cause to be marked, on such
Registrable Notes that such Registrable Notes are being cancelled in exchange for the Exchange Notes or the Private Exchange Notes, as the case may be; in no event shall such Registrable Notes be marked as paid or otherwise satisfied. 

(s) Cooperate with each seller of Registrable Notes covered by any Registration Statement and each underwriter, if any,
participating in the disposition of such Registrable Notes and their respective counsel in connection with any filings required to be made with FINRA. 

(t) Use its commercially reasonable efforts to take all other steps necessary to effect the registration of the Exchange
Notes and/or Registrable Notes covered by a Registration Statement contemplated hereby. 
 The Company may require each seller
of Registrable Notes as to which any registration is being effected to furnish to the Company such information regarding such seller and the distribution of such Registrable Notes as the Company may, from time to time, reasonably request. The
Company may exclude from such registration the Registrable Notes of any seller so long as such seller fails to furnish such information within a reasonable time after receiving such request. Each seller as to which any Shelf Registration is being
effected agrees to furnish promptly to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such seller not materially misleading. 

If any such Registration Statement refers to any Holder by name or otherwise as the holder of any securities of the Company, then such
Holder shall have the right to require (i) the insertion therein of language, in form and substance reasonably satisfactory to such Holder, to the effect that the holding by such Holder of such securities is not to be construed as a
recommendation by such Holder of the investment quality of the securities covered thereby and that such holding does not imply that such Holder will assist in meeting any future financial requirements of the Company, or (ii) in the event that
such reference to such Holder by name or otherwise is not required by the Securities Act or any similar federal statute then in force, the deletion of the reference to such Holder in any amendment or supplement to the Registration Statement filed or
prepared subsequent to the time that such reference ceases to be required. 
 Each Holder of Registrable Notes and each
Participating Broker-Dealer agrees by its acquisition of such Registrable Notes or Exchange Notes to be sold by such Participating Broker-Dealer, as the case may be, that, upon actual receipt of any notice from the Company of the happening of any
event of the kind described in Section 5(c)(ii), 5(c)(iv), 5(c)(v), or 5(c)(vi) hereof, such Holder will forthwith discontinue disposition of such Registrable 

 

 -20- 

 
Notes covered by such Registration Statement or Prospectus or Exchange Notes to be sold by such Holder or Participating Broker-Dealer, as the case may be, until such Holder’s or
Participating Broker-Dealer’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 5(k) hereof, or until it is advised in writing (the “Advice”) by the Company that the use of the
applicable Prospectus may be resumed, and has received copies of any amendments or supplements thereto. In the event that the Company shall give any such notice, each of the Applicable Period and the Effectiveness Period shall be extended by the
number of days during such periods from and including the date of the giving of such notice to and including the date when each seller of Registrable Notes covered by such Registration Statement or Exchange Notes to be sold by such Participating
Broker-Dealer, as the case may be, shall have received (x) the copies of the supplemented or amended Prospectus contemplated by Section 5(k) hereof or (y) the Advice. 

 

	 	6.	Registration Expenses 

All fees and expenses incident to the performance of or compliance with this Agreement by the Company shall be borne by the Company,
whether or not the Exchange Offer Registration Statement or any Shelf Registration Statement is filed or becomes effective or the Exchange Offer is consummated, including, without limitation, (i) all registration and filing fees (including,
without limitation, (A) fees with respect to filings required to be made with FINRA in connection with an underwritten offering and (B) fees and expenses of compliance with state securities or Blue Sky laws (including, without limitation,
fees and disbursements of counsel in connection with Blue Sky qualifications of the Registrable Notes or Exchange Notes and determination of the eligibility of the Registrable Notes or Exchange Notes for investment under the laws of such
jurisdictions (x) where the holders of Registrable Notes are located, in the case of the Exchange Notes, or (y) as provided in Section 5(h) hereof, in the case of Registrable Notes or Exchange Notes to be sold by a Participating
Broker-Dealer during the Applicable Period)), (ii) printing expenses, including, without limitation, expenses of printing certificates for Registrable Notes or Exchange Notes in a form eligible for deposit with The Depository Trust Company and
of printing prospectuses if the printing of prospectuses is requested by the managing underwriter or underwriters, if any, by the Holders of a majority in aggregate principal amount of the Registrable Notes included in any Registration Statement or
in respect of Registrable Notes or Exchange Notes to be sold by any Participating Broker-Dealer during the Applicable Period, as the case may be, (iii) messenger, telephone and delivery expenses, (iv) fees and disbursements of counsel for
the Company and, in the case of a Shelf Registration, reasonable fees and disbursements of one special counsel for all of the sellers of Registrable Notes selected by the Holder of a majority in aggregate principal amount of Registrable Notes
covered by such Shelf Registration (exclusive of any counsel retained pursuant to Section 7 hereof), (v) fees and disbursements of all independent certified public accountants referred to in Section 5(n)(iii) hereof (including,
without limitation, the expenses of any “cold comfort” letters required by or incident to such performance), (vi) Securities Act liability insurance, if the Company desires such insurance,

  

 -21- 

 
(vii) fees and expenses of all other Persons retained by the Company, (viii) internal expenses of the Company (including, without limitation, all salaries and expenses of officers and
employees of the Company performing legal or accounting duties), (ix) the expense of any annual audit of the Company, (x) any fees and expenses incurred in connection with the listing of the securities to be registered on any securities
exchange, and the obtaining of a rating of the securities, in each case, if applicable and (xi) the expenses relating to printing, word processing and distributing all Registration Statements, underwriting agreements, indentures and any other
documents necessary in order to comply with this Agreement. Notwithstanding the foregoing, the Company shall have no obligation to pay any underwriting discounts or selling discounts attributable to the Registrable Notes and Exchange Notes being
sold be the holders thereof, which underwriting discounts or selling commissions shall be borne by such holders. 
  

	 	7.	Indemnification and Contribution. 

(a) The Company agrees to indemnify and hold harmless each Holder of Registrable Notes and each Participating Broker-Dealer selling
Exchange Notes during the Applicable Period, and each Person, if any, who controls such Person or its affiliates within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (each, a
“Participant”) against any losses, claims, damages or liabilities to which any Participant may become subject under the Securities Act, the Exchange Act or otherwise, insofar as any such losses, claims, damages or liabilities (or
actions in respect thereof) arise out of or are based upon: 
 (i) any untrue statement or alleged untrue
statement of a material fact made by the Company contained in any application or any other document or any amendment or supplement thereto executed by the Company based upon written information furnished by or on behalf of the Company filed in any
jurisdiction in order to qualify the Notes under the securities or “Blue Sky” laws thereof or filed with the SEC or any securities association or securities exchange (each, an “Application”); 

(ii) any untrue statement or alleged untrue statement of any material fact contained in any Registration Statement (or any
amendment thereto) or Prospectus (as amended or supplemented if the Company shall have furnished any amendments or supplements thereto) or any preliminary prospectus; or 

(iii) the omission or alleged omission to state, in any Registration Statement (or any amendment thereto) or Prospectus
(as amended or supplemented if the Company shall have furnished any amendments or supplements thereto) or any preliminary prospectus or any Application or any other document or any amendment or supplement thereto, a material fact required to be
stated therein or necessary to make the statements therein not misleading; 
  

 -22- 

 and will reimburse, as incurred, the Participant for any legal or other expenses incurred by the Participant
in connection with investigating, defending against or appearing as a third-party witness in connection with any such loss, claim, damage, liability or action; provided, however, the Company will not be liable in any such case to the
extent that any such loss, claim, damage, or liability arises out of or is based upon any untrue statement or alleged untrue statement or omission or alleged omission made in any Registration Statement (or any amendment thereto) or Prospectus (as
amended or supplemented if the Company shall have furnished any amendments or supplements thereto) or any preliminary prospectus or Application or any amendment or supplement thereto in reliance upon and in conformity with information relating to
any Participant furnished to the Company by such Participant specifically for use therein. The indemnity provided for in this Section 7 will be in addition to any liability that the Company may otherwise have to the indemnified parties. The
Company shall not be liable under this Section 7 for any settlement of any claim or action effected without their prior written consent, which shall not be unreasonably withheld. Each Participant shall not, without the prior written consent of
the Company, effect any settlement or compromise of any pending or threatened proceeding in respect of which the Company is or could have been a party, or indemnity could have been sought hereunder by the Company, unless such settlement
(A) includes an unconditional written release of the Company, in form and substance reasonably satisfactory to the Company, from all liability on claims that are the subject matter of such proceeding and (B) does not include any statement
as to an admission of fault, culpability or failure to act by or on behalf of the Company. 
 (b) Each Participant, severally
and not jointly, agrees to indemnify and hold harmless the Company, its directors, its officers and each person, if any, who controls the Company or its affiliates within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act against any losses, claims, damages or liabilities to which the Company or any such director, officer or controlling person may become subject under the Act, the Exchange Act or otherwise, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in any Registration Statement, Prospectus or Application, any amendment or supplement
thereto, or any preliminary prospectus, or (ii) the omission or the alleged omission to state therein a material fact necessary to make the statements therein not misleading, in each case to the extent, but only to the extent, that such untrue
statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information concerning such Participant, furnished to the Company by the Participant, specifically for use therein; and
subject to the limitation set forth immediately preceding this clause, will reimburse, as incurred, any reasonable legal or other expenses incurred by the Company or any such director, officer or controlling person in connection with investigating
or defending against or appearing as a third party witness in connection with any such loss, claim, damage, liability or action in respect thereof. The indemnity provided for in this Section 7 will be in addition to any liability that the
Participants may otherwise have to the indemnified parties. The Participants shall not be liable under this 
  

 -23- 

 
Section 7 for any settlement of any claim or action effected without their consent, which shall not be unreasonably withheld. The Company shall not, without the prior written consent of such
Participant, effect any settlement or compromise of any pending or threatened proceeding in respect of which such Participant is or could have been a party, or indemnity could have been sought hereunder by such Participant, unless such settlement
(A) includes an unconditional written release of such Participant, in form and substance reasonably satisfactory to such Participant, from all liability on claims that are the subject matter of such proceeding and (B) does not include any
statement as to an admission of fault, culpability or failure to act by or on behalf of such Participant. 
 (c) Promptly after
receipt by an indemnified party under this Section 7 of notice of the commencement of any action for which such indemnified party is entitled to indemnification under this Section 7, such indemnified party will, if a claim in respect
thereof is to be made against the indemnifying party under this Section 7, notify the indemnifying party of the commencement thereof in writing; but the omission to so notify the indemnifying party (i) will not relieve it from any
liability under paragraph (a) or (b) above unless and to the extent such failure results in the forfeiture by the indemnifying party of substantial rights and defenses and (ii) will not, in any event, relieve the indemnifying party
from any obligations to any indemnified party other than the indemnification obligation provided in paragraphs (a) and (b) above. In case any such action is brought against any indemnified party, and it notifies the indemnifying party of
the commencement thereof, the indemnifying party will be entitled to participate therein and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel reasonably
satisfactory to such indemnified party; provided, however, that if (i) the use of counsel chosen by the indemnifying party to represent the indemnified party would present such counsel with a conflict of interest, (ii) the
defendants in any such action include both the indemnified party and the indemnifying party and the indemnified party shall have been advised by counsel that there may be one or more legal defenses available to it and/or other indemnified parties
that are different from or additional to those available to the indemnifying party, or (iii) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a
reasonable time after receipt by the indemnifying party of notice of the institution of such action, then, in each such case, the indemnifying party shall not have the right to direct the defense of such action on behalf of such indemnified party or
parties and such indemnified party or parties shall have the right to select separate counsel to defend such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so
to assume the defense thereof and approval by such indemnified party of counsel appointed to defend such action, the indemnifying party will not be liable to such indemnified party under this Section 7 for any legal or other expenses, other
than reasonable costs of investigation, subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed separate counsel in accordance with the proviso to the
immediately preceding sentence (it being understood, however, that in connection with such 
  

 -24- 

 
action the indemnifying party shall not be liable for the expenses of more than one separate counsel (in addition to local counsel) in any one action or separate but substantially similar actions
in the same jurisdiction arising out of the same general allegations or circumstances, designated by Participants who sold a majority in interest of the Registrable Notes and Exchange Notes sold by all such Participants in the case of paragraph
(a) of this Section 7 or the Company in the case of paragraph (b) of this Section 7, representing the indemnified parties under such paragraph (a) or paragraph (b), as the case may be, who are parties to such action or
actions) or (ii) the indemnifying party has authorized in writing the employment of counsel for the indemnified party at the expense of the indemnifying party. All fees and expenses reimbursed pursuant to this paragraph (c) shall be
reimbursed as they are incurred. After such notice from the indemnifying party to such indemnified party, the indemnifying party will not be liable for the costs and expenses of any settlement of such action effected by such indemnified party
without the prior written consent of the indemnifying party (which consent shall not be unreasonably withheld), unless such indemnified party waived in writing its rights under this Section 7, in which case the indemnified party may effect such
a settlement without such consent. 
 (d) In circumstances in which the indemnity agreement provided for in the preceding
paragraphs of this Section 7 is unavailable to, or insufficient to hold harmless, an indemnified party in respect of any losses, claims, damages or liabilities other than by reason of exceptions provided in this Section 7 (or actions in
respect thereof), each indemnifying party, in order to provide for just and equitable contribution, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (or actions in
respect thereof) in such proportion as is appropriate to reflect (i) the relative benefits received by the indemnifying party or parties on the one hand and the indemnified party on the other from the offering of the Notes or (ii) if the
allocation provided by the foregoing clause (i) is not permitted by applicable law, not only such relative benefits but also the relative fault of the indemnifying party or parties on the one hand and the indemnified party on the other in
connection with the statements or omissions or alleged statements or omissions that resulted in such losses, claims, damages or liabilities (or actions in respect thereof). The relative benefits received by the Company on the one hand and such
Participant on the other shall be deemed to be in the same proportion as the total proceeds from the offering (before deducting expenses) of the Notes received by the Company bear to the total net profit received by such Participant in connection
with the sale of the Notes. The relative fault of the parties shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact
relates to information supplied by the Company on the one hand, or the Participants on the other, the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission or alleged
statement or omission, and any other equitable considerations appropriate in the circumstances. The parties agree that it would not be equitable if the amount of such contribution were determined by pro rata or per capita allocation or by any other
method of allocation that does not take into account the equitable 
  

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considerations referred to in the first sentence of this paragraph (d). Notwithstanding any other provision of this paragraph (d), no Participant shall be obligated to make contributions
hereunder that in the aggregate exceed the total net profit received by such Participant in connection with the sale of the Notes, less the aggregate amount of any damages that such Participant has otherwise been required to pay by reason of the
untrue or alleged untrue statements or the omissions or alleged omissions to state a material fact, and no person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes of this paragraph (d), each person, if any, who controls a Participant within the meaning of Section 15 of the Securities Act or Section 20
of the Exchange Act shall have the same rights to contribution as the Participants, and each director of the Company, each officer of the Company and each person, if any, who controls the Company within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act, shall have the same rights to contribution as the Company. 
  

	 	8.	Rules 144 and 144A 

 The
Company covenants and agrees that they will file the reports required to be filed by them under the Securities Act and the Exchange Act and the rules and regulations adopted by the SEC thereunder in a timely manner in accordance with the
requirements of the Securities Act and the Exchange Act and, if at any time the Company is not required to file such reports, the Company will, upon the request of any Holder or beneficial owner of Registrable Notes, make available such information
necessary to permit sales pursuant to Rule 144A. The Company further covenants and agrees, for so long as any Registrable Notes remain outstanding that they will take such further action as any Holder of Registrable Notes may reasonably
request, all to the extent required from time to time to enable such holder to sell Registrable Notes without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 and Rule 144A. 

 

	 	9.	Underwritten Registrations 

If any of the Registrable Notes covered by any Shelf Registration are to be sold in an underwritten offering, the investment banker or
investment bankers and manager or managers that will manage the offering will be selected by the Holders of a majority in aggregate principal amount of such Registrable Notes included in such offering and shall be reasonably acceptable to the
Company. 
 No Holder of Registrable Notes may participate in any underwritten registration hereunder unless such Holder
(a) agrees to sell such Holder’s Registrable Notes on the basis provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and (b) completes and executes all questionnaires,
powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements. 
  

 -26- 

	 	10.	Miscellaneous 

 (a) No
Inconsistent Agreements. The Company has not as of the date hereof, and the Company shall not after the date of this Agreement, enter into any agreement with respect to any of its securities that is inconsistent with the rights granted to the
Holders of Registrable Notes in this Agreement or otherwise conflicts with the provisions hereof. The rights granted to the Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of the
Company’s other issued and outstanding securities under any such agreements. The Company will not enter into any agreement with respect to any of their securities which will grant to any Person piggy-back registration rights with respect to any
Registration Statement. 
 (b) Adjustments Affecting Registrable Notes. The Company shall not, directly or indirectly,
take any action with respect to the Registrable Notes as a class that would adversely affect the ability of the Holders of Registrable Notes to include such Registrable Notes in a registration undertaken pursuant to this Agreement. 

(c) Amendments and Waivers. The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents
to departures from the provisions hereof may not be given, otherwise than with the prior written consent of (I) the Company, and (II) (A) the Holders of not less than a majority in aggregate principal amount of the then outstanding
Registrable Notes and (B) in circumstances that would adversely affect the Participating Broker-Dealers, the Participating Broker-Dealers holding not less than a majority in aggregate principal amount of the Exchange Notes held by all
Participating Broker-Dealers; provided, however, that Section 7 and this Section 10(c) may not be amended, modified or supplemented without the prior written consent of each Holder and each Participating Broker-Dealer
(including any person who was a Holder or Participating Broker-Dealer of Registrable Notes or Exchange Notes, as the case may be, disposed of pursuant to any Registration Statement) affected by any such amendment, modification or supplement.
Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the rights of Holders of Registrable Notes whose securities are being sold pursuant to a Registration
Statement and that does not directly or indirectly affect, impair, limit or compromise the rights of Holders of Registrable Notes not being sold pursuant to such Registration Statement may be given by Holders of at least a majority in aggregate
principal amount of the Registrable Notes being sold pursuant to such Registration Statement. 
 (d) Notices. All notices
and other communications (including, without limitation, any notices or other communications to the Trustee) provided for or permitted hereunder shall be made in writing by hand-delivery, registered first-class mail, next-day air courier or
facsimile: 
  

 -27- 

 (i) if to a Holder of the Registrable Notes or any Participating
Broker-Dealer, at the most current address of such Holder or Participating Broker-Dealer, as the case may be, set forth on the records of the registrar under the Indenture, with a copy in like manner to the Initial Purchasers as follows: 

Deutsche Bank Securities Inc. 

60 Wall Street 

New York, New York 10005 

Facsimile No.: (212) 797-4564 

Attention: General Counsel 

Banc of America Securities LLC 

One Bryant Park 

New York, New York 10036 

Facsimile No.: (212) 901-7897 

Attention: General Counsel 

with a copy to: 

Cahill Gordon & Reindel LLP 

80 Pine Street 

New York, New York 10005 

Facsimile No.: (212) 269-5420 

Attention: Stuart G. Downing, Esq. 

(ii) if to the Initial Purchasers, at the address specified in Section 10(d)(i); 

(iii) if to the Company, at the address as follows: 

Allbritton Communications Company 

1000 Wilson Boulevard, Suite 2700 

Arlington, Virginia 22209 

Facsimile No.: (703) 647-8700 

Attention: Stephen P. Gibson 

with a copy to: 

Fulbright & Jaworski L.L.P. 

1301 McKinney, Suite 5100 

Houston, Texas 

Facsimile No.: (713) 651-5246 

Attention: Michael W. Conlon. 
  

 -28- 

 All such notices and communications shall be deemed to have been duly given: when delivered
by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; one Business Day after being timely delivered to a next-day air courier; and upon written confirmation, if sent by facsimile.

 Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving the same to
the Trustee at the address and in the manner specified in such Indenture. 
 (e) Successors and Assigns. This Agreement
shall inure to the benefit of and be binding upon the successors and assigns of each of the parties hereto, the Holders and the Participating Broker-Dealers; provided, however, that nothing herein shall be deemed to permit any
assignment, transfer or other disposition of Registrable Notes in violation of the terms of the Purchase Agreement or the Indenture. 

(f) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

(g) Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the
meaning hereof. 
 (h) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED ENTIRELY WITHIN THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW THAT WOULD REQUIRE THE APPLICATION OF ANY OTHER LAW. 

(i) Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction
to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto
shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared
to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable. 

(j) Notes Held by the Company or Its Affiliates. Whenever the consent or approval of Holders of a specified percentage of
Registrable Notes is required hereunder, 
  

 -29- 

 
Registrable Notes held by the Company or its affiliates (as such term is defined in Rule 405 under the Securities Act) shall not be counted in determining whether such consent or approval
was given by the Holders of such required percentage. 
 (k) Third-Party Beneficiaries. Holders of Registrable Notes and
Participating Broker-Dealers are intended third-party beneficiaries of this Agreement, and this Agreement may be enforced by such Persons. 

(l) Entire Agreement. This Agreement, together with the Purchase Agreement and the Indenture, is intended by the parties as a
final and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein and therein and any and all prior oral or written agreements, representations, or warranties, contracts,
understandings, correspondence, conversations and memoranda between the Holders on the one hand and the Company on the other, or between or among any agents, representatives, parents, subsidiaries, affiliates, predecessors in interest or successors
in interest with respect to the subject matter hereof and thereof are merged herein and replaced hereby. 
 [Signature Pages
Follow] 
  

 -30- 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above. 
  

					
	ALLBRITTON COMMUNICATIONS COMPANY
		
	By:	 	/s/ Stephen P. Gibson
		 	Name:	 	Stephen P. Gibson
		 	Title:	 	Senior Vice President and Chief Financial Officer

[Registration Rights Agreement] 

					
	The foregoing Agreement is hereby confirmed and accepted as of the date first above written.
	
	DEUTSCHE BANK SECURITIES INC.
	Acting on behalf of themselves and as a Representative of the several Initial Purchasers
		
	By:	 	 /s/ Stephanie L. Perry

		 	Name:	 	Stephanie L. Perry
		 	Title:	 	Managing Director
		
	By:	 	/s/ Alexandra Barth
		 	Name:	 	Alexandra Barth
		 	Title:	 	Managing Director

 [Registration Rights
Agreement] 

					
	BANC OF AMERICA SECURITIES LLC
	Acting on behalf of themselves and as a Representative of the several Initial Purchasers
		
	By:	 	/s/ William A. Bowen
		 	Name:	 	William A. Bowen
		 	Title:	 	Managing Director

 [Registration Rights
Agreement]Exhibit 4.1

 Exhibit 4.1 

AMENDMENT NO. 3 TO CREDIT AGREEMENT AND AMENDMENT NO. 2 TO 

COLLATERAL ASSIGNMENT 

AMENDMENT NO. 3 TO CREDIT AGREEMENT AND AMENDMENT NO. 2 TO COLLATERAL ASSIGNMENT dated as of April 29, 2010 (the
“Amendment”) among ALLBRITTON COMMUNICATIONS COMPANY, a Delaware corporation (the “Borrower”), the subsidiaries of the Borrower signatories hereto (the “Guarantors”), the banks, financial institutions and other
institutional lenders parties to the Credit Agreement referred to below (collectively, the “Banks”), BANK OF AMERICA, N.A., as administrative agent (the “Agent”) for the Banks, and DEUTSCHE BANK SECURITIES, INC., as syndication
agent (the “Syndication Agent”). 
 PRELIMINARY STATEMENTS: 

(1) The Borrower, the Banks, the Agent and the Syndication Agent have entered into a Credit Agreement dated as of August 23, 2005, as
amended by Amendment No. 1 to Loan Documents, executed on February 5, 2009 and by Amendment No. 2 to Credit Agreement, executed on November 13, 2009 (the “Credit Agreement”). The Agent and certain of the Guarantors have
entered into a Collateral Assignment of Proceeds and Security Agreement dated as of August 23, 2005, as amended by Amendment No. 1 to Loan Documents, executed on February 5, 2009 (the “Collateral Assignment”). Capitalized
terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement. 
 (2) The Borrower
and the Majority Banks have agreed to amend the Credit Agreement and the Collateral Assignment as hereinafter set forth. 
 SECTION 1.
Amendments to Credit Agreement. 
 (a) Section 1.1 of the Credit Agreement is hereby amended as follows: 

i. The definition of “Affiliate” in Section 1.1 of the Credit Agreement is hereby amended and restated to
read in its entirety as follows: 
 “Affiliate. With respect to any Person, a Person (a) that
directly or indirectly through one or more intermediaries controls, is controlled by or is under direct or indirect common control with ACC or any Restricted Subsidiary, (b) that directly or indirectly through one or more intermediaries
beneficially owns or holds 10% or more of any class of voting stock of ACC or any Restricted Subsidiary or (c) 10% or more of the voting stock (or in the case of a Person that is not a corporation, 10% or more of the equity interests) of which
is beneficially owned or held by ACC or any Restricted Subsidiary. The term “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control with”) shall mean
the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.” 

 ii. The definition of “Change of Control” in Section 1.1 of
the Credit Agreement is hereby amended (i) by deleting the word “or” appearing immediately prior to clause (e) thereof and (ii) by inserting the following phrase immediately after clause (e) thereof: “; or
(f) a “Change of Control” or any comparable term under, and as defined in, the ACC Senior Notes Indenture, shall have occurred”. 

iii. The definition of “Consolidated EBITDA” in Section 1.1 of the Credit Agreement is hereby amended by
amending and restating the first paragraph thereof to read in its entirety as follows: 
 “Consolidated
EBITDA. For any period, an amount equal to (a) the sum of (i) Consolidated Net Income for such period, plus (ii) depreciation, amortization and all other non-cash charges for such period, plus (iii) to the extent deducted in
the calculation of Consolidated Net Income, Consolidated Total Interest Expense and income taxes paid or payable for such period, plus (iv) extraordinary losses (including, for the avoidance of doubt, any losses incurred in connection with the
early extinguishment of Indebtedness) less (b) extraordinary gains (including, for the avoidance of doubt, any gains incurred in connection with the early extinguishment of Indebtedness) for such period, determined in accordance with GAAP, to
the extent not deducted in the calculation of Consolidated Net Income.” 
 iv. The definition of
“Consolidated Net Income” in Section 1.1 of the Credit Agreement is hereby amended and restated to read in its entirety as follows: 

“Consolidated Net Income. For any period, the net income of the Borrower and its Subsidiaries for such period,
after deduction of all expenses, taxes, and other proper charges for such period, determined on a consolidated basis in accordance with GAAP, after eliminating therefrom (a) all extraordinary nonrecurring gains or losses, including, without
limitation, any gains (or losses) from any Sale of any Station or other assets and, for the avoidance of doubt, any gains (or losses) incurred in connection with the early extinguishment of Indebtedness, and (b) non-cash dividends or non-cash
distributions from Investments, but without any reduction on account of any minority interest in a Majority-Owned Subsidiary.” 

v. The definition of “Maturity Date” in Section 1.1 of the Credit Agreement is hereby amended by replacing
the date “August 23, 2011” with the date “April 29, 2013.” 
 vi. The definition of “Net
Debt Proceeds” in Section 1.1 of the Credit Agreement is hereby amended and restated to read in its entirety as follows: 

“Net Debt Proceeds. With respect to the issuance of any instruments or securities evidencing Indebtedness of
the Borrower or any of its Subsidiaries that is not permitted by this Agreement, the gross amount of cash proceeds received by the Borrower or any of its Subsidiaries in respect of such issuance, less (to the

  

 2 

 
extent applicable and without duplication) reasonable sales and underwriting commissions, investment banking, accounting and legal fees and disbursements, and printing expenses and governmental
fees incurred in connection with such issuance and payable by the issuer of such instruments or other securities.” 

vii. The definition of “Permitted Refinancing Indebtedness” in Section 1.1 of the Credit Agreement is
hereby amended and restated to read in its entirety as follows: 
 “Permitted Refinancing
Indebtedness. Any renewals, extensions, substitutions, refinancings or replacements of the Senior Notes Documents, including any successive extensions, renewals, substitutions, refinancings or replacements so long as (i) the Maturity of
such Indebtedness is not earlier than six months after the Maturity Date, (ii) the new Indebtedness shall have terms and shall have conditions of default which are no more restrictive than those set forth in the Senior Notes Documents,
(iii) the rate of interest payable on such Indebtedness shall be on terms that are consistent with then-market terms, and (iv) the aggregate amount of Indebtedness represented thereby is not increased by such renewal, extension,
substitution, refinancing or replacement (other than to finance reasonable finance fees, pre-payment premiums and expenses associated with such refinancing); provided, that, upon Agent’s and Majority Banks’ consent, the
aggregate amount of such Indebtedness may be increased; and provided, further, that concurrently with the incurrence of such Indebtedness the aggregate amount of Indebtedness which Borrower or any of its Subsidiaries may incur
for Permitted Acquisitions pursuant to §7.1(j)(ii)(B) shall be reduced by the amount of any such increase in Indebtedness hereunder.” 

viii. Clause (b) of the definition of “Restricted Payments” in Section 1.1 of the Credit Agreement is
hereby amended by adding the phrase “or which is evidenced by the ACC Senior Notes or any Permitted Refinancing Indebtedness thereof” immediately following the word “Obligations” in the fifth line thereof. 

ix. The definition of “Security Documents” in Section 1.1 of the Credit Agreement is hereby amended and
restated to read in its entirety as follows: 
 “Security Documents. The Pledge Agreement, the
Collateral Assignment of Proceeds, the Security Agreement, the Intellectual Property Security Agreements and all other instruments that shall from time to time be identified by the Agent and the Borrower as Security Documents.” 

x. The definition of “Senior Debt” in Section 1.1 of the Credit Agreement is hereby amended and restated to
read in its entirety as follows: 
 “Senior Debt. In relation to any Person at any time, the
aggregate amount of Funded Debt less Indebtedness outstanding under the Subordinated Debt Documents and any refinancing thereof, or any other subordinated Indebtedness incurred pursuant to § 7.1 herein.” 

 

 3 

 xi. The following definitions are hereby added to Section 1.1 of the
Credit Agreement in the proper alphabetical order: 
 “ACC Senior Notes. The notes of the Borrower
issued pursuant to the ACC Senior Notes Indenture; provided, that (i) the ACC Senior Notes shall be senior unsecured obligations of the Borrower, (ii) to the extent such ACC Senior Notes shall be guaranteed, no Subsidiary of the
Borrower, other than the Subsidiaries of the Borrower party to a Guaranty Agreement, shall be entitled to guaranty the ACC Senior Notes and any such guaranty shall be provided on a senior unsecured basis, (iii) the maturity of the ACC Senior
Notes shall not be earlier than six months after the Maturity Date, (iv) the ACC Senior Notes shall have terms and conditions of default and covenants that are no more restrictive to the Borrower and its Subsidiaries than those set forth in the
Loan Documents, and (v) the aggregate principal amount of Indebtedness represented by the ACC Senior Notes shall not exceed $455,000,000.” 

“ACC Senior Notes Indenture. The Indenture by and among the Borrower, as issuer, and the trustee party
thereto, governing the ACC Senior Notes, which shall be in form and substance customary for similar senior notes offered in the United States capital markets and reasonably satisfactory to the Agent and the Majority Banks.” 

“Amendment No. 3. Amendment No. 3 to Credit Agreement and Amendment No. 2 to Collateral
Assignment, dated as of April 29, 2010, among the Borrower, the Guarantors, the Banks, the Agent and the Syndication Agent.” 

“Amendment No. 3 Effective Date. See Section 3(a) of Amendment No. 3.” 

“Intellectual Property Security Agreement. See Section 3(a)(vi) of Amendment No. 3.”

 “Lien. Any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien
(statutory or other), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement,
any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing).” 

“Real Property. All real property owned or leased by the Borrower or any of the Loan Parties.”

 “Security Agreement. See Section 3(a)(v) of Amendment No. 3.” 

“Senior Notes Documents. Collectively, the ACC Senior Notes and the ACC Senior Notes Indenture.”

  

 4 

 “Senior Secured Debt. In relation to any Person at any time, the
aggregate amount of Senior Debt that in each case is then secured, or intended to be secured, by Liens on property or assets of the Borrower or its Subsidiaries.” 

“Senior Secured Leverage Ratio. See § 8.3.” 

(b) Section 2.5 of the Credit Agreement is hereby amended by adding the following sentence at the end thereof: 

“If the Borrower requests a Borrowing of Eurodollar Rate Loans in a Loan Request but fails to specify an Interest
Period, it will be deemed to have specified an Interest Period of one month.” 
 (c)
Section 2.10(a) of the Credit Agreement is hereby amended by adding the phrase “or the ACC Senior Notes Indenture” immediately following the phrase “the ACC
7 3/4 % Senior Subordinated Indenture”
appearing twice in such Section 2.10(a). 
 (d) Section 3.3 of the Credit Agreement is hereby amended by adding
the following to the end thereof: 
 “If, as a result of any restatement of or other adjustment to the
financial statements of the Borrower or for any other reason, the Borrower or the Lenders determine that (i) the Total Leverage Ratio as calculated by the Borrower as of any applicable date was inaccurate and (ii) a proper calculation of
the Total Leverage Ratio would have resulted in higher pricing for such period, the Borrower shall immediately and retroactively be obligated to pay to the Agent for the account of the Banks, promptly on demand by the Agent (or, after the occurrence
of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United States, automatically and without further action by the Agent or any Bank), an amount equal to the excess of the amount of
interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period. This paragraph shall not limit the rights of the Agent or any Bank, as the case may be, under §§ 3.12 or
3.13or under § 11. The Borrower’s obligations under this paragraph shall survive the termination of the Commitments and the repayment of all other Obligations hereunder.” 

(e) Section 3.5 of the Credit Agreement is hereby amended by: 

(i) amending and restating clause (e) thereof to read in its entirety as follows: 

“Any Bank, if requested by Borrower or Agent, shall deliver such documentation prescribed by applicable law or
reasonably requested by Borrower or Agent as will enable Borrower or Agent to determine whether or not such Bank is subject to U.S. federal backup withholding or information reporting requirements. Notwithstanding the foregoing, no Bank shall be
required to deliver any documentation that it is not legally entitled to deliver.” 
 and
(ii) replacing the phrase “§ 3.5” in the sentence following clause (f) with the word “Agreement.” 
  

 5 

 (f) Section 4 of the Credit Agreement is hereby amended by adding the following
sentence at the end thereof: 
 “Pursuant to and in accordance with the terms of the Security Agreement, the
Obligations shall be secured by a perfected first priority security interest in substantially all of the assets of the Loan Parties, whether now owned or hereafter acquired, as more fully set forth in such Security Agreement.” 

(g) Section 5.1 of the Credit Agreement is hereby amended by amending and restating clause (b)(iii) thereof to read in its entirety
as follows: 
 “(iii) do not conflict with or result in any breach or contravention of, or the creation of
any Lien under, or require any payment to be made under (A) any contractual obligation to which the Borrower or any of its Subsidiaries is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or
(B) any judgment, order, writ, injunction, license or permit applicable to the Borrower or any of its Subsidiaries which, in the case of this clause (iii), would have a materially adverse effect on the business, assets or financial condition of
the Borrower or the Borrower and its Subsidiaries, taken as a whole and” 
 (h) Section 5.2 of the Credit Agreement is
hereby amended and restated to read in its entirety as follows: 
 “Section 5.2 Governmental
Approvals. No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any governmental agency or authority or any other Person is necessary or required in connection with (a) the execution,
delivery or performance by, or enforcement against, any of the Borrower or any of its Subsidiaries of this Agreement or any other Loan Document, (b) the grant by any Loan Party of the Liens granted by it pursuant to the Security Documents,
(c) the perfection or maintenance of the Liens created and required to be perfected under the Security Documents or (d) the enforcement against the Borrower by the Agent or any Secured Party of its rights under the Loan Documents or the
remedies in respect of the Collateral pursuant to the Security Documents, except (i) filings and other actions as have been (or substantially simultaneously with the Amendment No. 3 Effective Date will be) obtained or made and are in full
force and effect, (ii) that the exercise of certain rights under the Loan Documents may require the consent of the FCC or that actions be taken in compliance with the Securities Act of 1933, as amended, or with other applicable law, and
(iii) those filings or actions the failure of which to obtain or make would not have a materially adverse effect on the rights and remedies of the Agent or of the Banks under any Loan Document.” 

(i) Section 5.3 of the Credit Agreement is hereby amended and restated to read in its entirety as follows: 

“Section 5.3 Title to Properties; Leases. Other than as noted on the audited consolidated financial
statements of the Borrower and its Subsidiaries as at the Balance Sheet Date, the Borrower and its Subsidiaries own all of the assets reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date or
acquired since that date (except property and assets sold or otherwise disposed of in the ordinary course of business 

 

 6 

 
since that date or pursuant to § 7.5 hereof and except for defects of title to certain real property which do not materially impair the value or usefulness thereof), subject to no Liens,
except to the extent permitted pursuant to § 7.2 hereof. The Borrower and its Subsidiaries enjoy peaceful and undisturbed possession under all leases under which they are operating, and all said leases are valid and subsisting and in full force
and effect except to the extent that the failure to enjoy peaceful and undisturbed possession of such lease or the failure of such lease to be valid, subsisting and in full force and effect does not have a material adverse effect on the assets,
financial condition or business of the Borrower and its Subsidiaries, taken as a whole.” 
 (j) Section 5.10 of the
Credit Agreement is hereby amended and restated to read in its entirety as follows: 
 “Section 5.10
Tax Status. The Borrower and its Subsidiaries have (a) made or filed all federal and state income and all other material tax returns, reports and declarations required by any jurisdiction to which any of them is subject or properly
filed for and received extensions with respect thereto which are still in full force and effect and which have been fully complied with in all material respects, (b) paid all taxes and other governmental assessments and charges imposed upon any
of them (whether or not shown or determined to be due on such returns), reports and declarations, except those being contested in good faith by appropriate proceedings and for which adequate reserves, to the extent required by GAAP, have been
established and (c) set aside on their books provisions reasonably adequate for the payment of all estimated taxes for periods subsequent to the periods to which such returns, reports or declarations apply. There are no unpaid taxes in any
material amount claimed to be due by the taxing authority of any jurisdiction, and the officers of the Borrower know of no basis for any such claim. Proper and accurate amounts have been withheld by the Borrower and each of its Subsidiaries from
their respective employees for all periods in material compliance with all Applicable Laws and such withholdings have been timely paid to the respective Governmental Authorities.” 

(k) Section 6.7 of the Credit Agreement is hereby amended by adding the phrase “or that are imposed upon it with respect to its
employees” immediately following the phrase “or profits therefrom” in the ninth line thereof. 
 (l)
Section 6.12(b) of the Credit Agreement is hereby amended by adding the phrase “or under the Senior Note Documents or any Permitted Refinancing Indebtedness thereof” immediately following the phrase “under the Subordinated Debt
Documents” appearing twice in such Section 6.12(b). 
 (m) Section 6.18 of the Credit Agreement is hereby amended
and restated to read in its entirety as follows: 
 “Section 6.18 Covenant to Guarantee Obligations
and Give Security. 
 (a) Upon the formation or acquisition of any new direct or indirect Subsidiaries
by any Loan Party, then the Borrower shall, at the Borrower’s expense: 
 (i) Within 30 days (or such
longer period of time as may be determined by the Agent) after such formation or acquisition, cause such Subsidiary to duly execute and 

 

 7 

 
deliver to the Agent a guaranty or guaranty supplement, substantially in the form of the Guaranty Agreement, 

(ii) within 30 days (or such longer period of time as may be determined by the Agent) after such formation or acquisition,
cause such Subsidiary to duly execute and deliver, to the Agent security agreement supplements, supplements to the Intellectual Property Security Agreement and other security and pledge agreements, in accordance with the terms of the Security
Documents (including delivery of all of the issued and outstanding shares of the capital stock or partnership or membership interests, as applicable, in and of such Subsidiary held by a Loan Party and including supplements to the schedules to such
agreements), securing payment of all the Obligations of such Subsidiary under the Loan Documents, 
 (iii) within
30 days (or such longer period of time as may be determined by the Agent) after such formation or acquisition, cause such Subsidiary to take whatever action (including the filing of Uniform Commercial Code financing statements and the giving of
notices) may be necessary or advisable in the reasonable opinion of the Agent to perfect Liens on the properties purported to be subject to security agreement supplements, supplements to the Intellectual Property Security Agreement and security and
pledge agreements delivered pursuant to this § 6.18, and 
 (iv) within 30 days (or such longer period
of time as may be determined by the Agent) after such formation or acquisition, to the extent requested by the Agent, deliver to the Agent a signed copy of an opinion, addressed to the Agent and the other Secured Parties, of counsel for the Loan
Parties acceptable to the Agent as to the matters contained in clauses (i), (iii) and (iv) above, and as to such other matters as the Agent may reasonably request. 

(n) Section 7.1(b) of the Credit Agreement is hereby amended and restated in full to read as follows: 

“(b)(i) until the date of redemption or purchase by the Borrower of the ACC
7 3/4 % Senior Subordinated Notes, Indebtedness of
the Borrower under the ACC 7 3/4 % Senior
Subordinated Notes in the maximum aggregate principal amount of $455,000,000, less any repayments, prepayments, redemptions, repurchases, defeasances or cancellations of such Indebtedness, which Indebtedness shall include, without limitation,
all accrued unpaid interest on such Indebtedness at a rate not to exceed seven and three-quarters percent
(7 3/4 %) per annum and any prepayment penalty in
respect of such redemption or repurchase and (ii) Indebtedness of the Borrower under the ACC Senior Notes in the maximum aggregate principal amount of $455,000,000 less any repayments, prepayments, redemptions, repurchases, defeasances
or cancellations of such Indebtedness, plus all accrued unpaid interest on such Indebtedness at a rate not to exceed eight percent (8%) per annum;” 

(o) Section 7.1(k) of the Credit Agreement is hereby amended and restated in full to read as follows: 

 

 8 

 “(k) intercompany Indebtedness of any Subsidiary of the Borrower to the
Borrower or to another Subsidiary of the Borrower in respect of Investments permitted by §7.3 and made pursuant to an intercompany note in form and substance reasonably satisfactory to the Agent and which provides that any such intercompany
Indebtedness is subordinated to the Obligations;” 
 (p) Section 7.1 of the Credit Agreement is hereby amended by
re-lettering clause (l) thereof as clause (r) and by adding the following new clauses immediately following clause (k) therein: 

“(l) Indebtedness issued by the Borrower or any of its Subsidiaries to finance Restricted Payments to the extent
permitted under Section 7.4(d); provided, that at the time payment is made by the Borrower or its Subsidiaries in respect of such Indebtedness (i) no Default or Event of Default is continuing or would result therefrom after giving
pro forma effect to such payment, any related transactions and any transactions, if any, consummated pursuant to §§ 7.4(g) and 7.5(g), as if they had occurred as of the end of the Pro Forma Test Date (as defined in § 7.4(d)); and,
provided, further, that (i) the Total Leverage Ratio, after giving pro forma effect to such payments and transactions as if they had occurred as of the Pro Forma Test Date, will not exceed 6.75:1.0, (ii) the Senior Secured
Leverage Ratio, after giving pro forma effect to such payments and transactions as if they had occurred as of the Pro Forma Test Date, will not exceed 1.0:1.0 and (iii) the Agent and the Banks shall have received, prior to the payment of such
Indebtedness, a statement certified by the principal financial officer of the Borrower and setting forth in reasonable detail computations evidencing compliance, on a pro forma basis, with the covenants contained in subclauses (i) and
(ii) above as at the Pro Forma Test Date; 
 (m) Indebtedness arising from agreements of the Borrower or a
Subsidiary providing for indemnification, adjustment of purchase price or similar obligations, in each case, incurred or assumed in connection with the disposition of any business, assets or a Subsidiary permitted by § 7.5; 

(n) Indebtedness incurred by the Borrower or any Subsidiary constituting reimbursement obligations with respect to
bankers’ acceptances and letters of credit issued in the ordinary course of business, including letters of credit in respect of workers’ compensation claims or other Indebtedness with respect to reimbursement type obligations regarding
workers’ compensation claims; 
 (o) Indebtedness arising from the honoring of a bank or other financial
institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business; provided, that such Indebtedness is extinguished within two business days; 

(p) cash management obligations and Indebtedness in respect of netting services, employee credit card programs and similar
arrangements in connection with cash management and deposit accounts; 
 (q) guarantees in respect of
Indebtedness otherwise permitted under this § 7.1; and” 
  

 9 

 (q) Section 7.2 of the Credit Agreement is hereby amended by amending and restating
clause (vii) in its entirety, by renumbering clause (viii) thereof as clause (xi), and by adding the following new clauses immediately following clause (vii) therein: 

“(vii) Liens under the Security Documents securing the Obligations; 

(viii) Liens to secure the performance of statutory obligations, surety or appeal bonds, performance bonds or other
obligations of a like nature incurred in the ordinary course of business; 
 (ix) Liens arising by virtue of
statutory or common law provisions relating to banker’s liens, rights of setoff or similar rights with respect to deposit accounts; 

(x) Liens (A) on cash advances in favor of the seller of any property to be acquired in a Investment permitted by
§ 7.3 and applied against the purchase price for such Investment and (B) consisting of an agreement to dispose of assets in an asset disposition permitted by § 7.5; and” 

(r) Section 7.3 of the Credit Agreement is hereby amended by amending and restating clause (j) in its entirety, by relettering
clause (k) thereof as clause (n) and by adding the following new clauses immediately following clause (j) therein: 

“(j) Investments constituting Restricted Payments permitted by § 7.4; 

(k) guarantees of Indebtedness permitted by § 7.1; 

(l) Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and
disputes with, customers and suppliers, in each case in the ordinary course of business; 
 (m) the acquisition
and holding of accounts, chattel paper and notes receivable owing to it, if (i) created or acquired in the ordinary course of business and (ii) payable or dischargeable in accordance with customary trade terms; and” 

(s) Sections 7.4(b) and 7.4(c) of the Credit Agreement are hereby amended and restated to read in their entirety as follows: 

“(b)(i) payments by the Borrower of accrued unpaid interest on the ACC
7 3/4% Senior Subordinated Notes; provided, that
such payments are required by the interest payment provisions contained in the ACC
7 3/4% Senior Subordinated Indenture and
(ii) payments by the Borrower of accrued unpaid interest on the ACC Senior Notes; provided, that such payments are required by the interest payment provisions contained in the ACC Senior Notes Indenture as in effect on the Amendment
No. 3 Effective Date or as amended from time to time in compliance with this Credit Agreement; 

(c)(i) mandatory redemptions by the Borrower of ACC
7 3/4 % Senior Subordinated Notes in amounts
required by the ACC 7 3/4% Senior Subordinated
Indenture as in effect on the Amendment No. 3 Effective Date or as amended from time to time in compliance 
  

 10 

 
with this Credit Agreement; and (ii) mandatory redemptions by the Borrower of ACC Senior Notes in amounts required by the ACC Senior Notes Indenture as in effect on the Amendment No. 3
Effective Date or as amended from time to time in compliance with this Credit Agreement;” 
 (t) Section 7.4(d) of the
Credit Agreement is hereby amended by replacing the phrase “Senior Leverage Ratio” in clause (ii) thereof with the phrase “Senior Secured Leverage Ratio.” 

(u) Section 7.4(f) of the Credit Agreement is hereby amended and restated to read in its entirety as follows: 

“(f) voluntary redemptions or repurchases by the Borrower of ACC
7 3/4% Senior Subordinated Notes or of the ACC
Senior Notes; provided, that (i) the Total Leverage Ratio, after giving pro forma effect to such payment, any related transactions and any transaction, if any, consummated pursuant to §§ 7.4(d) and 7.5(g), as if they had
occurred as of the Pro Forma Test Date (as defined above), will not exceed 6.75:1.0, (ii) the Senior Secured Leverage Ratio, after giving pro forma effect to such payments and transactions as if they had occurred as of the Pro Forma Test Date,
will not exceed 1.0:1.0 and (iii) the Agent and the Banks shall have received, prior to the making of such Restricted Payment, a statement certified by the principal financial officer of the Borrower and setting forth in reasonable detail
computations evidencing compliance on a pro forma basis, with the covenants contained in subclauses (i) and (ii) above as at the Pro Forma Test Date (as defined above); provided further, that notwithstanding the foregoing,
solely with respect to the voluntary redemption or repurchase of the ACC
7 3/4 % Senior Subordinated Notes with the proceeds
of ACC Senior Notes, the Borrower will not be required to comply with clauses (i), (ii) and (iii) above.” 

(v) Section 7.11 of the Credit Agreement is hereby amended by adding the phrase “or Senior Notes Document” immediately
following the phrase “Subordinated Debt Document” in the fourth line thereof. 
 (w) Section 7.13 of the Credit
Agreement is hereby amended and restated to read in its entirety as follows: 

“Section 7.13 Cash Management. The amount of cash and Cash Equivalents held by the
Borrower and its Subsidiaries shall not exceed $10,000,000 in the aggregate on more than four Business Days in any consecutive five Business Day period; provided, however, that such restriction shall not apply at any time that no Loans
are outstanding; and provided, further, that such restriction shall not apply to any proceeds of the ACC Senior Notes that will be used by the Borrower within 90 days after the issuance of the ACC Senior Notes to redeem or repurchase the ACC
7 3/4 % Senior Subordinated Notes.” 

 (x) Section 7.14 of the Credit Agreement is hereby amended and restated in full to read as follows: 

“Section 7.14 Burdensome Agreements. The Borrower will not and will not permit any of its Subsidiaries
to enter into or permit to exist any contractual obligation (other than this Agreement, any other Loan Document, the Subordinated Debt Documents and the 

 

 11 

 
Senior Notes Documents) that (a) limits the ability of the Borrower or any Subsidiary to create, incur, assume or suffer to exist a Lien or security interest on property of such Person in
favor of the Agent or the Banks; provided, however, that this clause (a) shall not prohibit any negative pledge incurred or provided in favor of any holder or beneficiary of a Permitted Lien solely to the extent any such negative
pledge relates to the property the subject of such Permitted Lien or (b) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to secure another obligation of such Person; provided, further, that
neither clause (a) nor (b) shall prohibit any agreement containing customary restrictions on leases, subleases, licenses or joint venture agreement other permitted hereby so long as such restrictions relate to the assets subject
thereto.” 
 (y) Section 8.3 of the Credit Agreement is hereby amended and restated to read in its entirety as
follows: 
 “Section 8.3 Senior Secured Leverage Ratio. The Borrower will not permit the ratio
of (a) Senior Secured Debt as of any date to (b) Consolidated EBITDA for the four (4) consecutive fiscal quarters most recently ended for which the Borrower has supplied or is required to supply financial statements pursuant to
§6.4(a), and following the Closing, a Compliance Certificate (the “Senior Secured Leverage Ratio”), to exceed 1.25:1.0.” 

(z) Section 10.1 of the Credit Agreement is hereby amended and restated to read in its entirety as follows: 

“Section 10.1 Representations True; No Event of Default. Each of the representations and warranties of
the Borrower contained in this Credit Agreement or in any document or instrument delivered pursuant to or in connection with this Credit Agreement or the other Loan Documents shall be true and correct in all material respects on and as of the time
of the making of the Loan (except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date, and except that for
purposes of this § 10.1, the representations and warranties contained in § 5.4.1 shall be deemed to refer to the most recent statements furnished pursuant to §§ 6.4(a), (b) and (c)). No Default or Event of Default shall have
occurred and be continuing.” 
 (aa) Section 11.1(c)(iii) of the Credit Agreement is hereby amended by adding the
phrase “or in any Senior Note Document” immediately following the phrase “set forth in any Subordinated Debt Document” appearing twice in such Section 11.1(c)(iii). 

(bb) Section 11.1 of the Credit Agreement is hereby amended by adding a new clause (v) immediately following clause (u), to
read in its entirety as follows: 
 “(v) any failure by the Borrower to redeem or
purchase in full the ACC 7 3/4 % Senior Subordinated
Notes within 90 days after the issuance of the ACC Senior Notes;” 
 (cc) Section 13.1 of the Credit Agreement
is hereby amended by designating the existing paragraph thereof as clause (a) and by adding a new clause (b) immediately following, to read in its entirety as follows: 

 

 12 

 “(b) The Agent shall also act as the “collateral
agent” under the Loan Documents, and each of the Banks (including in its capacities as a potential Cash Management Bank) for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to
secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. The Agent, in its capacity as “collateral agent,” and any co-agents, sub-agents and attorneys-in-fact appointed by the Agent
pursuant to § 13.5 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Agent), shall be
entitled to the benefits (and subject to the limitations) of all provisions of this § 13 and §§ 14, 19 and 23 (including § 14(c), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral
agent” under the Loan Documents) as if set forth in full herein with respect thereto.” 
 (dd) Section 13.3 of
the Credit Agreement is hereby amended by amending and restating clause (d)(iv) thereof, by adding a new clause (d)(v), and by redesignating clause (d)(v) thereof as clause (d)(vi), with clauses (d)(iv) and (d)(v) to read in their entirety as
follows: 
 “(iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other
Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the value or the sufficiency of any Collateral,” 

Section 17 of the Credit Agreement is hereby amended by replacing the word “may” in the second sentence of
clause (c) thereof with the word “shall.” 
 (ee) Section 28 of the Credit Agreement is hereby amended by
adding the following sentence at the end thereof, to read in its entirety as follows: 
 “The Borrower
shall, promptly following a request by the Agent or any Bank, provide all documentation and other information that the Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and
anti-money laundering rules and regulations, including the Act.” 
 (ff) Schedule 1.1 to the Credit Agreement is
hereby amended and restated in full, as of the Amendment No. 3 Effective Date, by Schedule 1.1 hereto. 
 SECTION 2. Amendment to
the Collateral Assignment. Section 4 of the Collateral Assignment is hereby amended by amending and restating the definition of “Secured Parties” to read in its entirety as follows: 

““Secured Parties” shall mean the Agent, the Banks, the Cash Management Banks and any Bank or Affiliate of
a Bank that has entered into an interest rate protection agreement with any Loan Party.” 
 SECTION 3. Conditions of Effectiveness.

 (a) This Amendment shall be deemed effective when, and only when (the “Amendment No. 3 Effective Date”),
(i) the Agent shall have received counterparts of this 
  

 13 

 
Amendment executed by the Borrower, the Guarantors and the Majority Banks or, as to any of the Banks, advice satisfactory to the Agent that such Bank has executed this Amendment, (ii) the
Agent shall have received evidence of payment by Bank of America to Deutsche Bank Trust Company Americas in respect of the reduction in Deutsche Bank Trust Company Americas’ Commitments as set forth on Schedule 1.1 attached hereto,
(iii) the Borrower shall have paid to each Bank that executes this Amendment, in immediately available funds, an amendment fee equal to 0.00375 multiplied by the amount of such Bank’s Commitment as of the date hereof, after giving effect
to this Amendment, and (iv) the Agent shall have received all of the following documents, each such document (unless otherwise specified) dated the date of receipt thereof by the Agent (unless otherwise specified) and in sufficient copies for
each Bank, in form and substance satisfactory to the Agent: 
 i. an opinion of Fulbright & Jaworski,
L.L.P., counsel for the Loan Parties, in the form of Exhibit A attached hereto; 
 ii. certificates signed
by a duly authorized officer of the Borrower and each Guarantor stating that: 
 (i) The representations and
warranties contained in Section 4 are correct on and as of the date of such certificate as though made on and as of such date other than any such representations or warranties that, by their terms, refer to a date other than the date of such
certificates; and 
 (ii) No event has occurred and is continuing that constitutes a Default. 

iii. a perfection certificate, in substantially the form of Exhibit B hereto, duly completed and executed by a
Responsible Officer of each Loan Party. 
 iv.(A) such certificates of resolutions or other action, incumbency
certificates and/or other certificates of Responsible Officers of each Loan Party as the Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in
connection with this Amendment and the other Loan Documents to which such Loan Party is a party or is to be a party and (B) a copy of a Certificate of the Secretary of State of the jurisdiction of incorporation of each Loan Party certifying as
to a true and correct copy of the charter of such Loan Party and each amendment thereto on file in such Secretary’s office. 

v. a security agreement (together with each other security agreement and security agreement supplement delivered pursuant
to Section 6.18, in each case as amended by this Amendment, the “Security Agreement”), duly executed by each Loan Party, together with: 

(i) certificates representing the Pledged Equity referred to therein accompanied by undated stock powers executed in blank
and instruments evidencing the Pledged Debt indorsed in blank, 
 (ii) proper Financing Statements in form
appropriate for filing under the Uniform Commercial Code of all jurisdictions that the Agent may reasonably deem 
  

 14 

 
necessary or desirable in order to perfect the Liens created under the Security Agreement, covering the Collateral described in the Security Agreement, 

(iii) completed requests for information, dated as of a recent date, listing the effective financing statements filed in
the jurisdictions referred to in clause (ii) above that name any Loan Party as debtor, together with copies of such other financing statements, 

(iv) evidence of the completion of all other actions, recordings and filings of or with respect to the Security Agreement
that the Agent may deem necessary or desirable in order to perfect the Liens created thereby, and 
 (v) evidence
that all other action that the Agent may deem necessary or desirable in order to perfect the Liens created under the Security Agreement has been taken. 

vi. an intellectual property security agreement (together with each other intellectual property security agreement and
intellectual property security agreement supplement delivered pursuant to Section 6.18 of the Credit Agreement, as amended by this Amendment, in each case as amended, the “Intellectual Property Security Agreement”), duly executed by
each Loan Party. 
 vii. evidence that all insurance required to be maintained pursuant to the Loan Documents has
been obtained and is in effect, together with the certificates of insurance, naming the Agent, on behalf of the Banks, as an additional insured or loss payee, as the case may be, under all insurance policies maintained with respect to the assets and
properties of the Loan Parties that constitutes Collateral. 
 (b) On the Amendment No. 3 Effective Date, pursuant to the
request of the Borrower, the Total Commitments will be automatically reduced to $60,000,000. 
 SECTION 4. Representations and Warranties of
the Loan Parties. 
 Each Loan Party represents and warrants as follows: 

(a) The execution, delivery and performance of this Amendment and the transactions contemplated hereby (i) are within the authority
and legal right of the Borrower and its Subsidiaries, (ii) have been duly authorized by all necessary proceedings, (iii) do not conflict with or result in any breach or contravention of any provision of law, statute, rule or regulation to
which the Borrower or any of its Subsidiaries is subject or any judgment, order, writ, injunction, license or permit applicable to the Borrower or any of its Subsidiaries which would have a materially adverse effect on the business, assets or
financial condition of the Borrower or the Borrower and its Subsidiaries, taken as a whole and (iv) do not conflict with any provision of the charter or the by-laws or limited liability company agreement, as applicable, or any agreement or any
instrument binding upon, the Borrower or any of its Subsidiaries. 
 (b) The execution and delivery of this Amendment will
result in valid and legally binding obligations of the Borrower and each such Subsidiary enforceable in accordance with the 
  

 15 

 
respective terms and provisions hereof and thereof, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the
enforcement of creditors’ rights and except to the extent that availability of the remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought. 

(c) The execution, delivery and performance by the Borrower and its Subsidiaries of this Amendment and the transactions contemplated
hereby do not require the Borrower or any of its Subsidiaries to obtain the approval or consent of, to make a filing with, or to perform or obtain the performance of any other act by or in respect of any governmental agency or authority, except
(i) filings and other actions taken in connection with the perfection or maintenance of the Liens created under the Security Documents, (ii) as have been obtained or made and are in full force and effect, (iii) the exercise of certain
rights under the Loan Documents may require the consent of the FCC or actions be taken in compliance with the Securities Act of 1933, as amended, or other applicable law and (iv) those the failure of which to obtain or make would not have a
materially adverse effect on the rights and remedies of the Agent or Banks under any Loan Document. 
 (d) There are no actions,
suits, proceedings or investigations of any kind pending or, to the Borrower’s knowledge, threatened against the Borrower or any of its Subsidiaries before any court, tribunal or administrative agency or board which question the validity of
this Amendment or any action taken or to be taken pursuant hereto. 
 SECTION 5. Reference to and Effect on the Loan Documents.

 (a) On and after the effectiveness of this Amendment, each reference in the Credit Agreement and each of the other Loan
Documents to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement or the Collateral Assignment, and each reference to “the Credit Agreement”, “the Collateral
Assignment of Proceeds,” “thereunder”, “thereof” or words of like import referring to the Credit Agreement or the Collateral Assignment shall mean and be a reference to the Credit Agreement or the Collateral Assignment, as
applicable, as amended by this Amendment. 
 (b) The Credit Agreement and each of the other Loan Documents, as specifically
amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. Without limiting the generality of the foregoing, the Security Documents and all of the collateral described
therein do and shall continue to secure the payment of all Obligations of the Loan Parties under the Loan Documents, in each case as amended by this Amendment. 

(c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of
any right, power or remedy of any Bank or the Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 

(d) This Amendment is a “Loan Document” under and as defined in the Credit Agreement, as amended by this Amendment. 

 

 16 

 SECTION 6. Costs, Expenses. 

The Borrower agrees to pay on demand all reasonable, out-of-pocket costs and expenses of the Agent in connection with the preparation,
execution, delivery and administration, modification and amendment of the Loan Documents and the other instruments and documents to be delivered hereunder (including, without limitation, the reasonable fees and expenses of counsel for the Agent) in
accordance with the terms of Section 14(a) of the Credit Agreement. In addition, the Borrower shall pay any and all stamp and other taxes payable or determined to be payable in connection with the execution and delivery of this Amendment and
the other instruments and documents to be delivered hereunder, and agrees to save the Agent and each Bank harmless from and against any and all liabilities with respect to or resulting from any delay in paying or omission to pay such taxes.

 SECTION 7. Execution in Counterparts. 

This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when
so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by telecopier shall be effective as delivery of
a manually executed counterpart of this Amendment. 
 SECTION 8. GOVERNING LAW. 

THIS AMENDMENT IS A CONTRACT UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS AND SHALL FOR ALL PURPOSES BE CONSTRUED IN ACCORDANCE
WITH AND GOVERNED BY THE LAWS OF SAID COMMONWEALTH (EXCLUDING THE LAWS APPLICABLE TO CONFLICTS OR CHOICE OF LAW). THE BORROWER, THE AGENT AND THE BANKS CONSENT TO THE JURISDICTION IN ANY OF THE FEDERAL OR STATE COURTS LOCATED IN THE COMMONWEALTH OF
MASSACHUSETTS IN CONNECTION WITH ANY MATTER RELATING TO THIS AMENDMENT. 
 SECTION 9. Release/Covenant Not to Sue. 

(a) In consideration of the agreements of Agent and Banks contained herein and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Borrower and each other Loan Party (by such other Loan Party’s execution and delivery of this Amendment), on behalf of itself and its successors, assigns, and other legal representatives, hereby
absolutely, unconditionally and irrevocably releases, remises and forever discharges Agent and Banks, and their successors and assigns, and their present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors,
officers, attorneys, employees, agents and other representatives (Agent, each Bank and all such other Persons being hereinafter referred to collectively as the “Releasees” and individually as a “Releasee”), of and from all
demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses, rights of set-off, demands and
liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or 

 

 17 

 
unknown, suspected or unsuspected, both at law and in equity, Borrower or such Loan Party or any of their successors, assigns, or other legal representatives may now or hereafter own, hold, have
or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Amendment for or on account of, or in relation to,
or in any way in connection with any of the Credit Agreement, or any of the other Loan Documents or transactions thereunder or related thereto; provided, however, that the foregoing shall not be construed to release the Agent or the
Banks, or their successors or assignees, from either their obligations under any of the Loan Documents, as amended by this Amendment, from and after the date of this Amendment or any claim on account of or in relation thereto, notwithstanding the
fact that the Agent or the Banks became a party to a Loan Document prior to such date. 
 (b) Borrower and each other Loan Party
understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or
attempted in breach of the provisions of such release. 
 (c) Borrower and each other Loan Party agrees that no fact, event,
circumstance, evidence or transaction which could now be asserted or which may hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above. 

(d) Borrower and each other Loan Party (by such other Loan Party’s execution and delivery of this Amendment), on behalf of itself
and its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably, covenants and agrees with and in favor of each Releasee that it will not sue (at law, in equity, in any regulatory proceeding or
otherwise) any Releasee on the basis of any Claim released, remised and discharged by Borrower and each other Loan Party pursuant to this Section 10. If Borrower, any other Loan Party or any of their respective successors, assigns or other
legal representations violates the foregoing covenant, Borrower and each other Loan Party, for itself and its successors, assigns and legal representatives, agrees to pay, in addition to such other damages as any Releasee may sustain as a result of
such violation, all attorneys’ fees and costs incurred by any Releasee as a result of such violation. 
  

 18 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

			
	 ALLBRITTON COMMUNICATIONS COMPANY,

as the Borrower

		
	By	 	/s/ Stephen P. Gibson
		 	Name: Stephen P. Gibson
		 	Title: Senior Vice President

  

			
	 ALLFINCO, INC.,
 as
Guarantor

		
	By	 	/s/ Stephen P. Gibson
		 	Name: Stephen P. Gibson
		 	Title: Vice President

  

			
	KATV, LLC,
	as Guarantor
		
	By	 	/s/ Stephen P. Gibson
		 	Name: Stephen P. Gibson
		 	Title: Vice President

  

			
	KTUL, LLC,
	as Guarantor
		
	By	 	/s/ Stephen P. Gibson
		 	Name: Stephen P. Gibson
		 	Title: Vice President

  

			
	WSET, INCORPORATED,
	as Guarantor
		
	By	 	/s/ Stephen P. Gibson
		 	Name: Stephen P. Gibson
		 	Title: Vice President

  

			
	ALLBRITTON TELEVISION PRODUCTIONS, INC., as Guarantor
		
	By	 	/s/ Stephen P. Gibson
		 	Name: Stephen P. Gibson
		 	Title: Vice President

  

			
	TV ALABAMA, INC.,
	as Guarantor
		
	By	 	/s/ Stephen P. Gibson
		 	Name: Stephen P. Gibson
		 	Title: Vice President

  

 [Signature Page to Amendment No. 3 to Credit Agreement and Amendment No. 2 to
Collateral Assignment] 

			
	HARRISBURG TELEVISION, INC.,
	as Guarantor
		
	By	 	/s/ Stephen P. Gibson
		 	Name: Stephen P. Gibson
		 	Title: Vice President

  

			
	ACC LICENSEE INC.,
	as Guarantor
		
	By	 	/s/ Stephen P. Gibson
		 	Name: Stephen P. Gibson
		 	Title: Vice President

  

 [Signature Page to Amendment No. 3 to Credit Agreement and Amendment No. 2 to
Collateral Assignment] 

			
	 BANK OF AMERICA, N.A.,

as the Agent and as Bank

		
	By	 	/s/ Peter van der Horst
		 	Name: Peter van der Horst
		 	Title: Senior Vice President

  

			
	 DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Bank

		
	By:	 	/s/ Susan LeFevre
		 	Name: Susan LeFevre
		 	Title: Managing Director
		
	By:	 	/s/ Paul O’Leary
		 	Name: Paul O’Leary
		 	Title: Director

  

 [Signature Page to Amendment No. 3 to Credit Agreement and Amendment No. 2 to
Collateral Assignment] 

 Schedule 1.1 

Banks 
  

							
	 	  	Commitment	  	Percentage of
Commitment	 
	 Bank of America, N.A.
	  	$	30,000,000.00	  	50.000000000	% 
	 Deutsche Bank Trust Company Americas
	  	$	30,000,000.00	  	50.000000000	% 
	 Totals:
	  	$	60,000,000.00	  	100	% 

  

 1

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