Document:

Publishing Agreement

 Exhibit 10.2 
 EXECUTION COPY 
 PUBLISHING AGREEMENT 
 among 
 VERIZON COMMUNICATIONS INC., 
 VERIZON SERVICES CORP. 
 and 
 IDEARC MEDIA CORP. 
 Dated as of
November 17, 2006 

 Table of Contents 
  

					
	  	  	 	  	Page
	 ARTICLE I
	  	 DEFINITIONS
	  	2
			
	 Section 1.1
	  	 General Rules of Construction
	  	2
	 Section 1.2
	  	 Definitions
	  	2
			
	 ARTICLE II
	  	 TERM OF AGREEMENT
	  	10
			
	 ARTICLE III
	  	 RIGHTS AND OBLIGATIONS OF PUBLISHER
	  	10
			
	 Section 3.1
	  	 Publication
	  	10
	 Section 3.2
	  	 Premium Listings
	  	11
	 Section 3.3
	  	 Phone Service Pages
	  	12
	 Section 3.4
	  	 Changes To White Pages; Courtesy Classified Listings
	  	13
	 Section 3.5
	  	 Editorial Discretion
	  	14
	 Section 3.6
	  	 Delivery and Distribution
	  	14
	 Section 3.7
	  	 Rights in the Directory Products
	  	15
	 Section 3.8
	  	 Changes in Service Areas
	  	16
	 Section 3.9
	  	 Open Access Termination
	  	17
	 Section 3.10
	  	 Regulatory Change
	  	17
	 Section 3.11
	  	 Publishing Order
	  	20
	 Section 3.12
	  	 Verizon Services
	  	20
	 Section 3.13
	  	 Non-Solicitation
	  	20
	 Section 3.14
	  	 Non-Compete
	  	21
			
	 ARTICLE IV
	  	 RIGHTS AND OBLIGATIONS OF VERIZON
	  	23
			
	 Section 4.1
	  	 Delivery of Subscriber List Information and Subscriber Delivery Information
	  	23
	 Section 4.2
	  	 Official Directory Publisher Designation
	  	25
			
	 ARTICLE V
	  	 CLAIMS, LIABILITY AND INDEMNIFICATION
	  	25
			
	 Section 5.1
	  	 Listing Claims
	  	25
	 Section 5.2
	  	 Advertising Claims
	  	25
	 Section 5.3
	  	 Cooperation
	  	25
	 Section 5.4
	  	 Indemnification
	  	26
	 Section 5.5
	  	 Notice and Procedures
	  	27
	 Section 5.6
	  	 Time Limitation
	  	27
	 Section 5.7
	  	 Other Indemnification
	  	27
			
	 ARTICLE VI
	  	 TERMINATION
	  	28
			
	 Section 6.1
	  	 Termination By Publisher
	  	28

  

 i 

 Table of Contents 
 (continued) 
  

					
	  	  	 	  	Page
	 Section 6.2
	  	 Termination By Verizon
	  	29
	 Section 6.3
	  	 Transition Upon Termination
	  	31
	 Section 6.4
	  	 Termination Without Prejudice
	  	31
			
	 ARTICLE VII
	  	 OTHER DEFAULTS; LIMITATION OF LIABILITY
	  	31
			
	 Section 7.1
	  	 Other Defaults
	  	31
	 Section 7.2
	  	 Limitation of Liability
	  	32
			
	 ARTICLE VIII
	  	 EXCUSED PERFORMANCE
	  	32
			
	 Section 8.1
	  	 General Force Majeure
	  	32
			
	 ARTICLE IX
	  	 MISCELLANEOUS
	  	32
			
	 Section 9.1
	  	 Confidentiality
	  	32
	 Section 9.2
	  	 Further Assurances
	  	33
	 Section 9.3
	  	 No Agency; Right to Subcontract
	  	33
	 Section 9.4
	  	 Governing Law; Service of Process; Jurisdiction
	  	33
	 Section 9.5
	  	 Waiver of Jury Trial
	  	34
	 Section 9.6
	  	 Amendments; Waivers
	  	34
	 Section 9.7
	  	 No Assignment
	  	34
	 Section 9.8
	  	 Notices
	  	35
	 Section 9.9
	  	 Entire Agreement
	  	35
	 Section 9.10
	  	 Severability
	  	36
	 Section 9.11
	  	 Headings
	  	36
	 Section 9.12
	  	 Counterparts
	  	36
	 Section 9.13
	  	 Successors and Assigns; No Third Party Beneficiaries
	  	36
	 Section 9.14
	  	 Interpretation
	  	36

  

 ii 

 PUBLISHING AGREEMENT 
 This Publishing Agreement (this “Agreement”) is entered into as of November 17, 2006, but shall not be effective until the Effective Time, among Idearc Media Corp. (“Publisher”),
Verizon Communications Inc. (“Verizon”) and Verizon Services Corp. (“Service Corp.”) on behalf of the telephone operating companies listed on Schedule A (collectively, the “TOCs” and together with
Parent and Service Corp., the “Verizon Parties”). Capitalized terms not otherwise defined herein shall have the meanings assigned to such terms in Article I. 
 RECITALS 
 WHEREAS, Verizon and Idearc Inc. (“Spinco”),
Publisher’s ultimate parent company, have entered into the Distribution Agreement, dated as of November 13, 2006 (the “Distribution Agreement”), pursuant to which (i) Verizon shall separate the Spinco Assets
(as defined in the Distribution Agreement) from the Verizon Assets (as defined in the Distribution Agreement), (ii) in exchange for the contribution to Spinco, directly or indirectly, of the Spinco Assets, Spinco shall issue to Verizon
the Spinco Common Stock (as defined in the Distribution Agreement) and the Spinco Exchange Debt (as defined in the Distribution Agreement) and cash and (iii) Verizon shall distribute all of the issued and outstanding shares of Spinco
Common Stock to Verizon’s stockholders; 
 WHEREAS, the TOCs have the right to offer and provide local telephone service in the Service
Areas (as defined below); 
 WHEREAS, the TOCs are required to publish directories and deliver directories containing listings of certain
residential and business Subscribers (as defined below) in each Service Area pursuant to (i) interconnection and similar agreements with CLECs (as defined below), LECs (as defined below) and Resellers (as defined below) and other
providers of Telecommunication Services, (ii) tariffs and (iii) laws, rules, regulations and orders of certain Governmental Entities, in each case as the same may be in effect from time to time (such requirements pursuant to
all of the foregoing, the “Publishing Obligation”); 
 WHEREAS, in connection with and furtherance of, and as consideration
for, the performance by Publisher of its obligations set forth herein, Verizon has agreed to allow Publisher to use the Licensed Marks (as defined in the Branding Agreement, dated as of the date hereof, between Verizon Licensing Company and
Publisher (the “Branding Agreement”)) on the terms and conditions set forth in the Branding Agreement; and 
 WHEREAS, the
Verizon Parties desire that Publisher fulfill and Publisher is willing to fulfill the Publishing Obligation on behalf of the TOCs, in each case on the terms and conditions set forth herein and in the Branding Agreement. 

 NOW, THEREFORE, in consideration of the premises and of the mutual covenants, representations, warranties
and agreements herein contained, the Parties intending to be legally bound, agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.1 General Rules of
Construction. For all purposes of this Agreement: (i) the terms defined in this Agreement include the plural as well as the singular; (ii) all references in this Agreement to designated “Recitals”,
“Articles”, “Sections” and other subdivisions are to the designated Recitals, Articles, Sections and other subdivisions of the body of this Agreement; (iii) pronouns of either gender or neuter include, as appropriate,
the other pronoun forms; (iv) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular Article, Section or other
subdivision; (v) “or” is not exclusive; (vi) “including” and “includes” shall be deemed to be followed by “but not limited to” and “but is not limited to,” respectively;
(vii) any definition of or reference to any law, agreement, instrument or other document herein shall, unless expressly stated to the contrary, be construed as referring to such law, agreement, instrument or other document as from time
to time amended, supplemented or otherwise modified; and (viii) any definition of or reference to any statute shall be construed as referring also to any rules and regulations promulgated thereunder. 
 Section 1.2 Definitions. The following definitions shall apply within this Agreement. 
 “Action” means any action, complaint, petition, investigation, suit or other proceeding, whether administrative, civil or criminal, in
law or in equity, or before any arbitrator or Governmental Entity. 
 “Activity Default Notice” has the meaning set forth in
Section 6.2(d). 
 “Additional Legal Requirement” means any change in any Legal Requirement or any new or additional
Legal Requirement; provided that, for purposes of determining whether there has been any increase in Publisher’s cost of fulfilling the Publishing Obligation, no change in any Legal Requirement and no new or additional Legal Requirement
that requires or has the effect of requiring Publisher to engage (or not to engage) in any practice in which Publisher engaged (or refrained from engaging) prior to such change in such Legal Requirement or such new or additional Legal Requirement
shall be an Additional Legal Requirement. 
  

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 “Affiliate” means a Person that directly, or indirectly through one or more
intermediaries, controls, or is controlled by, or is under common control with, a specified Person. The term “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”)
means the possession of the power to direct the management and policies of the referenced Person through ownership of more than 50% of the voting power in the referenced Person. A Person shall become an Affiliate of a Party at such time as it
obtains control of, or becomes controlled by, or falls under common control with, such Party, and shall no longer be an Affiliate of such Party from and after the date that it ceases to control, be controlled by or be under common control with, such
Party. For the avoidance of doubt, none of Spinco or any of its subsidiaries shall be considered to be an Affiliate of Verizon, and none of Verizon or any of its subsidiaries shall be considered to be an Affiliate of Spinco, in each case from and
after the Effective Date. 
 “Agreement” has the meaning set forth in the preamble to this Agreement. 
 “Bankruptcy Code” means the United States Bankruptcy Code (11 U.S.C. Section 101 et seq.), as amended from time to time, and
any successor statute. 
 “Billing and Collection Agreement” means the Billing and Collection Agreement, dated as of the
date hereof, between Verizon Services Corp. and Verizon Corporate Services Group Inc., each on behalf of certain of its affiliates and Publisher. 
 “Branding Agreement” has the meaning set forth in the fifth Recital. 
 “Breach Resolution
Process” has the meaning set forth in Section 6.1(a). 
 “Change of Control” means: (i) an
acquisition by any Person or group of Persons of the voting stock of the referenced Person in a transaction or series of transactions, if immediately thereafter such acquiring Person or group has, or would have, beneficial ownership of more than 50%
of the combined voting power of the referenced Person’s then outstanding voting stock, including any such acquisition by way of a merger, consolidation or reorganization (including under the Bankruptcy Code), or series of such related
transactions, involving the referenced Person, (ii) a sale, assignment or other transfer of all or substantially all of the referenced Person’s assets or (iii) a confirmation of any plan of reorganization or liquidation
under, or sale of assets pursuant to, the Bankruptcy Code, any out-of-court recapitalization or reorganization transaction or exchange offer, in any case in which more than 50% of such Person’s outstanding equity securities are issued in
exchange for all or a significant portion of such Person’s outstanding debt or other securities, or a deed in lieu of foreclosure or any other remedy or right at law or contract by which substantially all of such Person’s equity securities
or assets are surrendered, assigned or otherwise transferred to another Person. 
  

 3 

 “Claims” means any and all claims, causes of action, demands, complaints, disputes,
liabilities, obligations, losses, damages, deficiencies, penalties, settlements, judgments, actions, proceedings and suits of whatever kind and nature. 
 “CLEC” means a competitive local exchange carrier. 
 “Commercial
Agreements” means this Agreement, the Non-Competition Agreement, the Branding Agreement, the Billing and Collection Agreement, the Listings License Agreement and the Intellectual Property Agreement. 
 “Confidential Information” means, with respect to any Party, all information and documentation of such Party, including confidential
and/or proprietary technical or business information, confidential marketing and business plans and customer lists; provided that Confidential Information does not include information which (i) is or becomes publicly known or
available through no breach of this Agreement by the receiving Party, (ii) is rightfully acquired by the receiving Party free of restrictions on its disclosure or (iii) is independently developed by a Party without the use of
or reference to any Confidential Information of the other Party. 
 “Cost Change Dispute Notice” has the meaning set forth
in Section 3.10(e). 
 “Cost Change Statement” has the meaning set forth in Section 3.10(c). 
 “Cost Savings Amount” has the meaning set forth in Section 3.10(b)(iii). 
 “Courtesy Classified Listing” means one appearance of a business Subscriber’s name, address and business telephone number in the
classified section of the Yellow Pages for such Subscriber’s Scoped Area. 
 “Default Notice” has the meaning set forth
in Section 6.1(a). 
 “Directory Default Notice” has the meaning set forth in Section 6.2(b). 
 “Directory Product” means a telephone directory product consisting principally of searchable (e.g., by alphabet letter or category of
products or services) multiple telephone listings and/or classified advertisements that is delivered or otherwise made available to end users in tangible media (e.g., paper directories, CD-ROM), electronic media (e.g., Internet) or digital media
(e.g., PDA download). 
 “Distribution Agreement” has the meaning set forth in the first Recital. 
 “Effective Date” means the Distribution Date (as defined in the Distribution Agreement). 
  

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 “Effective Time” means immediately after the Distribution (as defined in the
Distribution Agreement). 
 “Employee Matters Agreement” means the Employee Matters Agreement, dated as of the date hereof,
between Verizon and Spinco. 
 “Extended Area Listings” or “EAS Listings” means extended area listings
provided by LECs, CLECs or Resellers other than any of the Verizon Parties, for areas outside the applicable Service Area that are within a local calling area which is in part within such Service Area and are Legally Required to be included in a
directory distributed to Subscribers in such Service Area. 
 “Generic Phone Service Pages” has the meaning set forth in
Section 3.3(a)(i). 
 “Governmental Entity” means any government or any agency, bureau, board, commission, court,
department, official, political subdivision, tribunal or other instrumentality of any government, whether Federal, state or local, domestic or foreign. 
 “ILEC” has the meaning set forth in Section 3.8(a). 
 “Incremental Listings
Costs” means any (i) one-time costs Publisher may incur in implementing any systems changes necessitated by the inclusion of non-wireline listings of subscribers of Other Service Providers because such listings are of a new type and
(ii) actual and incremental increase in Publisher’s costs of fulfilling the Publishing Obligation incurred because the inclusion of such listings causes the total number of listings in the Primary Directories to exceed the number of
listings set forth on Schedule 1.1A, as adjusted to take into account the addition or disposition of any Service Areas pursuant to Section 3.8. 
 “Indemnified Party” has the meaning set forth in Section 5.5. 
 “Indemnifying
Party” has the meaning set forth in Section 5.5. 
 “Intellectual Property Agreement” means the Intellectual
Property Agreement, dated as of the date hereof, between Verizon Licensing Company and Publisher. 
 “LEC” means a local
exchange carrier. 
 “Legal Requirements” means (i) the contractual obligations of Verizon or any of its
Subsidiaries related to directories under interconnection and similar agreements or other contracts relating to Telecommunication Services entered into between Verizon or any of its Subsidiaries and any Other Service Providers and
(ii) any order, injunction, decree, statute, law, ordinance, principle of common law, rule, tariff, regulation, settlement agreement, arbitration ruling or custom and practice of any applicable regulatory agency related to directories
and applicable to Verizon or any of its 

  

 5 

 
Subsidiaries as a LEC (but not any of the foregoing that is of general applicability to businesses), in each case as now existing and as may exist at any
time during the term of this Agreement (and any renewals or extensions thereof). 
 “Legally Required” means that a
specified action is necessary in order to satisfy or otherwise fulfill one or more of the Legal Requirements or Additional Legal Requirements. 
 “Licensed Marks” has the meaning set forth in the Branding Agreement. 
 “Listings License
Agreement” means the Listings License Agreement, dated as of the date hereof, between the Verizon telephone operating companies listed in Exhibit 1 thereto and Publisher. 
 “Loss” means any cost, damage, disbursement, expense, liability, loss, obligation, penalty or settlement, including interest or other
carrying costs, legal, accounting and other professional fees and expenses incurred in the investigation, collection, prosecution and defense of claims and amounts paid in settlement, that may be imposed on or otherwise incurred or suffered by the
referenced Person. 
 “Material Change” means, with respect to any Primary Directory containing White Pages,
(i) a change in the Publication date of such Primary Directory of more than three months, (ii) a change in the Scoped Area of such Primary Directory that has the effect of adding or removing a number of listings equal to more
than 20% of the listings of such Primary Directory, (iii) a change in the media of such Primary Directory (e.g., from paper to CD-ROM), (iv) charging any fee for a copy of such Primary Directory or delivery thereof (unless a
fee is charged for such Primary Directory as of the Effective Time) or (v) other major changes relating to other aspects of the Publication of such Primary Directory that would reasonably be expected to have an impact of similar
magnitude on the Subscribers; provided that a separation or combination of any White Pages and any Yellow Pages that does not also involve any of the changes described above shall not be a Material Change. 
 “Material Default” means, with respect to either Party, a breach of any material term, condition, covenant or obligation of this
Agreement, for any reason other than those described in Article VIII, that is so material and continuing that it has the effect of abrogating such Party’s performance and the other Party’s enjoyment of the benefits under this Agreement
taken as a whole, including an uncured breach of Section 9.7 with respect to assignment of this Agreement as a whole. 
 “New
Customer” means a Subscriber to local phone service who does not currently have any local exchange service and specifically excludes customers who are changing their service from one LEC to another. 
  

 6 

 “Non-Competition Agreement” means the Non-Competition Agreement, dated as of the date
hereof, between Verizon and Publisher. 
 “Notice of Claim” has the meaning set forth in Section 5.5. 
 “Open Access Termination” has the meaning set forth in Section 3.9. 
 “Other Default” means a breach or violation of or default under this Agreement that is not a Material Default, Service Area Default or
Primary Directory Default. 
 “Other Service Providers” means CLECs, LECs, Resellers or other providers of Telecommunication
Services with whom the Verizon Parties have interconnection or similar agreements or other contracts. 
 “Other Subscriber List
Information” means a list of the names, addresses, telephone numbers, and primary advertising classifications (as such classifications are assigned at the time of establishment of service) of non-Verizon Subscribers (i.e., the Subscribers
of certain Other Service Providers providing such service in the applicable Service Area) that Verizon is Legally Required to publish in its directories, as supplied to Publisher by Verizon, as well as such other listing information about such
Subscribers as Verizon may be Legally Required to provide to directory publishers. 
 “Parent” has the meaning set forth in
the preamble to this Agreement. 
 “Party” means each of Publisher, on the one hand, and the Verizon Parties, on the other
hand; “Parties” means Publisher and the Verizon Parties, collectively. 
 “Person” means an association, a
corporation, an individual, a partnership, a limited liability company, a trust or any other entity or organization, including a Governmental Entity. 
 “Premium Listings” means all types of listings in White Pages which are generally offered or otherwise made available to Subscribers by, or on behalf of, the relevant TOC, other than Primary Listings.

 “Premium Phone Service Pages” has the meaning set forth in Section 3.3(a)(ii). 
 “Primary Directories” means White Pages and/or Yellow Pages directories with respect to a particular Service Area which are Published in
accordance with the Publishing Obligation. 
 “Primary Directory Default” has the meaning set forth in Section 6.2(b).

 “Primary Listing” means one appearance of (i) a Subscriber’s name, address and telephone number
(including any nicknames, titles or degrees) and (ii) any other 

  

 7 

 
Subscriber information Legally Required in the White Pages covering the Service Area in which such Subscriber has Telecommunication Services. 
 “Publish” or “Publishing” means to engage in, or the act of engaging in, any and all activities required to discharge
the Publishing Obligation. 
 “Publisher” has the meaning set forth in the preamble to this Agreement. 
 “Publisher Premium Listings Share” has the meaning set forth in Section 3.2(a). 
 “Publishing Obligation” has the meaning set forth in the third Recital. 
 “Publishing Order” has the meaning set forth in Section 3.11. 
 “Reimbursable Increase” has the meaning set forth in Section 3.10(b)(ii). 
 “Reseller” means a reseller of local exchange telephone service. 
 “Scoped Area” means, with respect to any Directory Product, the geographic area associated with the Primary Listings included in and
serviced by such Directory Product as may be established and modified, subject to Section 3.4, by Publisher from time to time. 
 “Service Area(s)” means those geographic areas in which Verizon provides local telephone service as an ILEC listed on Schedule 1.1B, including any such areas added to Schedule 1.1B pursuant to Section 3.8. 

“Service Area Default” has the meaning set forth in Section 6.1(c). 
 “Service Area Default Notice” has the meaning set forth in Section 6.1(c). 
 “Service Corp.” has the meaning set forth in the preamble to this Agreement. 
 “Spinco” has the meaning set forth in the first Recital. 
 “Subscriber” means any person or business that orders and/or receives Telecommunication Services from a provider of such services. 
 “Subscriber Delivery Information” means a list of the names and delivery addresses of the Subscribers of Verizon and certain Other
Service Providers as supplied to Publisher by Verizon, including Subscribers that have elected not to be published in a Directory Product, and such other information, such as non-confidential telephone numbers, that Publisher and Verizon may agree
from time to time is required or useful for the complete and accurate delivery of Primary Directories or as Verizon may be Legally Required to provide to directory publishers. 
  

 8 

 “Subscriber List Information” means the Verizon Subscriber List Information and the
Other Subscriber List Information. 
 “Subsidiary” means, with respect to any Person, each other Person in which such Person
owns or controls, directly or indirectly, capital stock or other equity interests representing at least 50% of the outstanding voting stock or other equity interests. 
 “Tax Sharing Agreement” means the Tax Sharing Agreement, dated as of the date hereof, between Verizon and Spinco. 
 “Telecommunication Services” means telecommunications, internet connectivity, broadband access, wireless communications or other comparable or successor telephony or data products or services.

 “Transaction Agreements” means the Distribution Agreement, the Tax Sharing Agreement, the Employee Matters Agreement and
the Transition Services Agreement. 
 “Transition Costs” has the meaning set forth in Section 6.3(a). 
 “Transition Services Agreement” means the Transition Services Agreement, dated as of the date hereof, between Verizon Information
Technologies LLC and Spinco. 
 “Verizon” has the meaning set forth in the preamble to this Agreement. 
 “Verizon Parties” has the meaning set forth in the preamble to this Agreement. 
 “Verizon Subscriber List Information” means a list of the names, addresses, telephone numbers, and primary advertising classifications
(as such classifications are assigned at the time of establishment of service) of the Subscribers of Verizon in the applicable Service Area, as supplied to Publisher by Verizon, and such other listing information about such Subscribers as Verizon
may be Legally Required to provide to directory publishers. 
 “Video Services” means video-conferencing, television, cable,
direct broadcast satellite, video-on-demand or other video services. 
 “White Pages” means the information Published by
Publisher with respect to any Service Area comprised of or including the alphabetical listings of residential and business Subscribers having Telecommunication Services for such Service Area. 
 “Yellow Pages” means the information Published by Publisher with respect to any Service Area comprised of or including classified
listings, including Courtesy Classified Listings. 
  

 9 

 ARTICLE II 
 TERM OF AGREEMENT 
 Subject to the provisions of Article 6, this Agreement shall become effective as of the
Effective Time and remain in effect until the 30th anniversary of the Effective Date. Thereafter, this Agreement
shall automatically renew for additional 5-year terms unless either Party provides written termination notice to the other Party at least 24 months prior to the end of the then current term. 
 ARTICLE III 
 RIGHTS AND OBLIGATIONS OF PUBLISHER 
 Section 3.1 Publication. 
 (a)
Subject to the terms of this Agreement, Publisher shall, at no charge to the Verizon Parties, their Subscribers, Other Service Providers or the Subscribers of Other Service Providers, subject to Section 3.11, (i) Publish White Pages
covering, in the aggregate, the Service Areas, (ii) Publish Primary Listings in the applicable White Pages, (iii) to the extent it is a Legal Requirement, Publish a Courtesy Classified Listing in the applicable Yellow Pages
for each business Subscriber (unless such Subscriber has indicated to Publisher or any Verizon Party that it does not want such Courtesy Classified Listing to be Published), (iv) co-mingle in the White Pages of such Primary Directories
on a non-discriminatory basis the Verizon Subscriber List Information with the Other Subscriber List Information and (v) comply with any and all Subscriber-requested restrictions (e.g., unlisted number requests) that are designated in
the Subscriber List Information or otherwise designated to Publisher and are consistent with Publisher’s policies. 
 (b) In discharging
its obligations under this Agreement, Publisher, subject to Article VIII, shall not take any action that shall cause any Verizon Party or Publisher to be in violation of any Legal Requirement, whether in effect now or in the future. 
 (c) Without limiting the provisions of Section 3.1(b), Publisher shall ensure that (i) the appearance (including font and size) and
integration of all Subscriber List Information occurs in a non-discriminatory manner and (ii) the Other Subscriber List Information is included in the Primary Directories using the same methods and procedures, and under the same terms
and conditions, as those with respect to the Verizon Subscriber List Information. 
 (d) Publisher shall not propose, solicit or otherwise
encourage any Additional Legal Requirement in any Service Area that would reasonably be expected to result in 

  

 10 

 
any Net Regulatory Cost Increase or any cost to Verizon without the advance approval of Verizon. If Verizon is notified that any applicable Governmental
Entity proposes any Additional Legal Requirement that Verizon reasonably expects would result in any Net Regulatory Cost Increase, then Verizon will involve and solicit advice from Publisher regarding how to respond to any such proposal. 

(e) Each of Publisher and Verizon shall promptly notify the other of, and shall at such Party’s request cooperate with such Party with respect
to, any inquiry, investigation, formal or informal complaint, lawsuit or docket relating to the matters covered by this Agreement begun or threatened by any Governmental Entity with jurisdiction over such Party. Publisher shall cooperate with
Verizon with respect to any legal efforts to change legislation or regulations in an effort to minimize directory publication costs. As between the Parties, Verizon shall have sole responsibility for all discussions, communications and other
interactions with Governmental Entities with respect to existing or prospective Legal Requirements; provided, that Publisher may have any such discussions, communications or interactions if it provides Verizon reasonable prior notice and the
right to participate in each of any such discussions, communications or interactions and, in the case of written correspondence, the right to receive and review in advance copies thereof; and provided, further, that Verizon shall
reasonably consult with Publisher on any such discussions, communications or interactions which relate to Publisher’s fulfillment of the Publishing Obligation. In any discussions, communications or interactions with Governmental Entities, each
of the Verizon Parties and Publisher shall make it clear that it does not represent, or otherwise have authority to speak for or bind, the other Party. 
 (f) For the avoidance of doubt, it is understood that no Party shall have any liability to the other Party for any failure to involve, solicit advice from or consult with the other Party as required by this
Section 3.1 unless and only to the extent the other Party demonstrates it has been prejudiced by such failure. 
 Section 3.2 Premium
Listings. 
 (a) Publisher shall, at no additional charge to the Verizon Parties, their Subscribers, Other Service Providers or the
Subscribers of Other Service Providers, Publish the types of Premium Listings listed on Schedule 3.2, which are the Premium Listings being offered by Verizon to Verizon Subscribers in the Service Areas as of the date hereof, and any additional
Premium Listings that are of a type that is similar to, and do not involve costs to Publisher that are different from the costs associated with, any of the Premium Listings listed on Schedule 3.2. Notwithstanding the foregoing, to the extent
revenues from such Premium Listings in a particular state exceeds the amount set forth on Schedule 3.2 for such state (as adjusted to reflect any price changes for such Premium Listings), Verizon shall pay Publisher cash in an amount equal to 5% of
such excess (the total of any such amounts, the “Publisher Premium Listings Share”). In the event Verizon desires to offer additional Premium Listings that are of a type different 

  

 11 

 
from those currently offered, and involve costs to Publisher that are different from the costs associated with, any of the Premium Listings listed on
Schedule 3.2, Verizon and Publisher shall negotiate in good faith the terms on which Publisher shall Publish such Premium Listings. 
 (b)
Within 60 days after each anniversary of the date hereof, Verizon shall provide Publisher with a written statement setting forth the Publisher Premium Listings Share for the twelve-month period preceding such anniversary and shall remit to Publisher
such Publisher Premium Listings Share. 
 Section 3.3 Phone Service Pages. 
 (a) Upon request, Publisher shall include such phone service pages in the Primary Directories as Verizon may provide for the specific applicable Service
Area(s). The content within such phone service pages shall not be promotional or advertising. Publisher shall have, subject to the terms of this Agreement (including Section 3.1(b) and (c)), the right to exercise final editorial control, which
shall be exercised in a commercially reasonable manner and in conformity with applicable Legal Requirements, over the Published version of the content, design, format and location of the phone service pages. The phone service pages in any White
Pages shall consist of two types: 
 (i) Generic Phone Service Pages. At no charge to Verizon, subject to
Section 3.12, Publisher shall Publish: (A) any information required to be included in the applicable White Pages by any Legal Requirement (e.g., how to request service, contact repair service, dial directory assistance, reach an
account representative, request buried cable locate service, and contact the special needs center for customers with disabilities); (B) information about Verizon’s emergency numbers, consumer tips and local calling area;
(C) non-company specific information, including long distance calling, state and international area codes, and a time zone map of the United States; and (D) an instructional notice directing all Subscribers to contact their
local service provider to request any modifications to their existing listing, or to request a new listing (A, B, C and D, collectively, the “Generic Phone Service Pages”). Verizon, at its sole cost and expense, shall prepare and
provide Publisher with the information described in this Section 3.3(a)(i), with the exception of information about any CLEC or LEC with whom Verizon does not have an interconnection agreement, which must be provided directly to Publisher by
such CLEC or LEC. Publisher and Verizon shall cooperate to integrate the information described in this Section 3.3(a)(i) into the appropriate format and design and to ensure compliance with the Legal Requirements; and 
 (ii) Premium Phone Service Pages. To the extent offered by Publisher, and without limiting the rights and obligations of each of
Verizon and Publisher set forth in Section 3.2, Verizon, and any CLECs included within the Scoped Area 

  

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of a given White Pages, may elect to purchase premium phone service pages in such White Pages for the purpose of providing specific product and service
information that is factual, instructional and/or directional in nature (the “Premium Phone Service Pages”) in accordance with Publisher’s then-prevailing policies and pricing, as such policies and pricing shall be reasonably
established by Publisher from time to time; provided, however, that Publisher may not sell any Premium Phone Service Pages to any provider of Telecommunication Services or Video Services other than Verizon and any CLECs to which
Publisher is required by applicable Legal Requirements to sell Premium Phone Service Pages; and provided further, that the prices charged by Publisher to Verizon for such Premium Phone Service Pages in any White Pages shall be equal to
or less than the lowest prices for comparable Premium Phone Service Pages then being charged by Publisher to any Person with respect to such White Pages. 
 (b) Ordering of Phone Service Pages. The Generic Phone Service Pages shall appear before the Premium Phone Service Pages in each White Pages. Each of the Generic Phone Service Pages and the Premium Phone
Service Pages shall be arranged in alphabetical order, except that (i) any LEC having a written publishing agreement with Publisher and 50% or more of the total number of Primary Listings for Subscribers in the relevant White Pages shall
automatically be placed in first position in such Generic Phone Service Pages and Premium Phone Service Pages, (ii) if such LEC is not Verizon, Verizon shall appear immediately following such LEC in such Generic Phone Service Pages and
Premium Phone Service Pages and (iii) any other LECs shall appear in alphabetical order thereafter in such Generic Phone Service Pages and Premium Phone Service Pages. 
 Section 3.4 Changes To White Pages; Courtesy Classified Listings. 
 (a) Publisher shall provide to Verizon written notice of any Material Change to any Primary Directory containing White Pages within 30 days after the decision is made to make any such Material Change, and at least 180
days before any such Material Change is to be implemented. Publisher shall in good faith consult with Verizon with respect to any planned Material Change and engage in discussions with Verizon regarding any concerns Verizon may have regarding such
Material Change. Notwithstanding anything in this Agreement to the contrary, Verizon may discuss such Material Change with any relevant Governmental Entity (and, in such event, Publisher shall be given an opportunity to discuss the proposed Material
Change with such Governmental Entity) and in no event shall any action taken by any Governmental Entity regarding such Material Change give rise to a Reimbursable Increase. 
 (b) Publisher shall provide to Verizon written notice of any change to its policies or practices relating to Publishing the result of which would not be
consistent with industry practice at least 30 days prior to the planned implementation of such change. 
  

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 (c) If the provision of Courtesy Classified Listings is not a Legal Requirement in any Service Area and
Publisher decides to no longer publish Courtesy Classified Listings at no charge in such Service Area, Publisher will provide Verizon with written notice of the decision at least 90 days prior to the commencement of the sales canvass for the
impacted directories in such Service Area, and Verizon, by written notice delivered not more than 45 days after receipt of notice from the Publisher, may require Publisher to publish such Courtesy Classified Listings provided that Verizon reimburses
Publisher (so long as the provision of Courtesy Classified Listings at no charge is not a Legal Requirement) for the incremental costs of including such listings in the directories. 
 (d) Representatives of each of Publisher and Verizon shall meet on a quarterly basis to discuss Publisher’s activities relating to its fulfillment
of the Publishing Obligation and any Material Changes or changes to Publisher’s policies and practices relating to Publishing then under contemplation by Publisher. 
 Section 3.5 Editorial Discretion. Subject to its obligations under this Agreement, Publisher may establish, discontinue or modify its policies from time to time with regard to any and all aspects of Publishing;
provided, however, that Publisher shall give Verizon written notification of any changes in Publisher’s policies or products that are reasonably likely to impact Verizon’s obligations under this Agreement at least 180 days
prior to the expected date of implementation of such changes; and provided further that, for the avoidance of doubt, Publisher may not alter or fail to comply with the terms of this Agreement in any material manner whatsoever by
modification of its policies. Publisher’s policies shall be commercially reasonable. Publisher may not make any commitments on behalf of Verizon or take any action that would materially impair or affect Verizon’s ability to discharge its
Publishing Obligation, in each case without the prior written consent of Verizon. 
 Section 3.6 Delivery and Distribution.

 (a) Initial Delivery. Publisher shall timely deliver in accordance with the related Subscriber Delivery Information
(i) at least one White Pages and, to the extent Legally Required, at least one Yellow Pages or (ii) at least one combined White Pages and Yellow Pages to all Subscribers within the Scoped Area covered by the related
Primary Directory(s) at no charge to the Verizon Parties, their Subscribers, Other Service Providers or the Subscribers of Other Service Providers. Subject to Section 3.4 and applicable Legal Requirements, Publisher may select the type or
medium of delivery of such Primary Directories, provided that, in addition to complying with Section 3.4, Publisher shall make no change to the type or medium of delivery of any White Pages unless, in each case, Publisher makes the same
change to the type and medium of delivery of each Yellow Pages distributed by Publisher in the same Scoped Area. 
  

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 (b) Replacements and New Customers. Subject to available inventory (which Publisher shall maintain
at reasonable levels consistent with Publisher’s past practices), subsequent to the initial distribution of White Pages, Publisher shall timely deliver (i) additional and replacement White Pages to Subscribers within the Scoped Area
of such White Pages upon any reasonable request from a Subscriber within such Scoped Area and (ii) White Pages to New Customers within the Scoped Area for such White Pages, provided Verizon delivers timely New Customer information
for the Service Areas to Publisher in the format in which such information is currently being delivered or such other format as may be mutually agreed upon by the Parties. Publisher shall make the foregoing deliveries at no charge to the Verizon
Parties, their Subscribers, Other Service Providers or the Subscribers of Other Service Providers. 
 (c) Distribution Coverage and
Policies. Upon Verizon’s request, Publisher shall provide to Verizon, at no charge: (i) a reasonable number of copies of Publisher’s distribution policies for each Service Area describing which White Pages Subscribers in
such Service Area shall receive and other matters relevant to the distribution of White Pages in such Service Area and (ii) a reasonable number of copies of the White Pages coverage information, including those geographic areas included
in and served by the White Pages and government pages, for each of the Service Areas. Verizon may make and retain copies of the information and documents provided pursuant to (i) and (ii) above as necessary to perform its obligations
hereunder. 
 (d) Free Calling Area. In the event a Verizon local or extended calling area extends beyond any Scoped Area,
Publisher’s delivery obligation with respect to any Subscriber that resides in the portion of such free calling area not within the relevant Scoped Area shall include only such additional White Pages as may be requested by such Subscriber and
required to be provided to such Subscriber by any Legal Requirement, which Publisher shall provide at no charge to the Verizon Parties, their Subscribers, Other Service Providers or the Subscribers of Other Service Providers. 
 Section 3.7 Rights in the Directory Products. The copyrights and other intellectual property rights in each Directory Product covered by this
Agreement, and any and all illustrations, artwork, photographs, video, audio, text, maps and other advertising and information content created or procured for such Directory Product or for other Publisher products and services that are not submitted
by or for Verizon or created at the request of Verizon (it being understood that purposes of this Section 3.7, Subscriber List Information shall not be considered to be submitted by or for Verizon or created at the request of Verizon), shall,
as between Verizon and Publisher, be the sole and exclusive property of Publisher. Except as permitted under applicable law, Verizon agrees not to copy any Directory Product or any other Publisher products and services, or any portion thereof,
provided, however, that Verizon may make a reasonable number of copies of limited portions of the Primary Directories for use in performing its obligations under this 

  

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Agreement or pursuant to Legal Requirements and ensuring that its Subscribers are being listed in and receiving copies of the Primary Directories as provided
herein. 
 Section 3.8 Changes in Service Areas. 
 (a) Verizon may update Schedule 1.1B from time to time by written notice to Publisher, and from and after the date that is 60 days after the date Verizon provides such notice the rights and obligations of this
Agreement shall extend to any new, altered or changed Service Areas, unless Publisher notifies Verizon in writing within 60 days of receiving such notice from Verizon that Publisher has determined in good faith that the costs related to complying
with Publisher’s related obligations hereunder would exceed the benefits to Publisher of obtaining the rights set forth in the Branding Agreement and Non-Competition Agreement for such Service Areas. As soon as practicable, but in any event
within 24 months following written notice from Verizon regarding the addition of any Service Area to Schedule 1.1B, or such shorter period as is Legally Required, Publisher shall include Verizon’s listings from such Service Area in a Primary
Directory. Without limiting the generality of the foregoing, the rights and obligations of this Agreement shall not extend to any geographic area (i) that Verizon expands into as a CLEC or (ii) in which Verizon becomes the
incumbent local exchange carrier (the “ILEC”) as a result of an acquisition of the stock or assets of, or via a merger or other business combination transaction with, the Person previously providing local phone service in that
geographic area as the ILEC, unless Verizon elects to add such geographic area to Schedule 1.1B. 
 (b) If Verizon decides to cease providing
local telephone service in a geographic area within any Service Area, Verizon shall advise Publisher as soon as practicable of such decision, provided that Verizon shall have no obligation hereunder to disclose material, non-public
information. Upon Verizon ceasing to provide local telephone service in any geographic area, Publisher shall no longer have any obligation under this Agreement to Publish White Pages for such geographic area; provided, however, that
Publisher shall be obligated to Publish the next issue of any White Pages scheduled to be issued within one year of Verizon ceasing such service if Legally Required. 
 (c) Notwithstanding Section 3.8(b), if Verizon ceases to provide local telephone service in all or any portion of any Service Area as a result of (i) a sale, assignment or other transfer of access
lines, (ii) a merger or other business combination transaction with a Person in respect of access lines or (iii) any other agreement with any third party pursuant to which such Person shall provide local telephone service in
lieu of Verizon in such Service Area, and, in any of the foregoing cases, such event does not constitute a Change of Control of Verizon: (A) Verizon shall require the acquiring Person to agree to enter into with Publisher, and Publisher
shall enter into with such Person, binding agreements on terms equivalent in all material respects to those contained in this Agreement, the Non-Competition Agreement and the Branding 

  

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Agreement (but excluding any terms of the Branding Agreement that do not relate to the Section 2(b) License (as defined in the Branding Agreement) or
that relate to that portion of the Section 2(b) License that applies to Special Directory Products (or portion thereof as defined in the Branding Agreement)) with respect to the relevant Service Area and (B) neither Publisher nor
Verizon shall be released from its obligations under this Agreement other than with respect to such Service Area or portion thereof. 
 Section 3.9 Open Access Termination. If Verizon and its Subsidiaries are no longer required by law to provide Subscriber List Information or Subscriber Delivery Information under nondiscriminatory and reasonable rates, terms and
conditions to any Person requesting such information for the purpose of publishing Directory Products (“Open Access Termination”), Verizon shall continue to license such information with respect to each Service Area to Publisher for
the term of this Agreement on terms and conditions (including price) at least as favorable as those then being offered by Verizon to any Person materially doing business in any such Service Area; provided that if Verizon is not licensing
Subscriber List Information or Subscriber Delivery Information, as the case may be, to at least two other bona fide purchasers of such information, the prices that Verizon charges Publisher for such information shall be equal to the average price
that other ILECs of comparable size charge for such information. 
 Section 3.10 Regulatory Change. 
 (a) Each Party shall provide the other Party with prompt written notice of the announcement by any Governmental Entity of any proposed Additional Legal
Requirement. To the extent permitted by applicable law, Verizon shall provide Publisher with prompt notice of any Governmental Entity’s determination that there is a problem with the manner in which Publisher is fulfilling the Publishing
Obligation. Notwithstanding the foregoing, nothing in this Section 3.10 shall limit in any way Publisher’s obligation to abide by any Additional Legal Requirement and implement any change related to the Publishing of Primary Directories
that is required thereby. Publisher shall maintain, retain and produce upon request such records as Verizon may be Legally Required to maintain and any records as shall be reasonably necessary to show that Publisher has complied with the Legal
Requirements. 
 (b) Publisher shall bear the full burden and enjoy the full benefit of any increase or decrease in its costs of fulfilling
the Publishing Obligation, except that: 
 (i) Verizon shall, on an annual basis following the end of each fiscal year,
reimburse Publisher for 100% of the amount, if any, by which Publisher’s actual costs of fulfilling the Publishing Obligation during such fiscal year exceed the hypothetical costs Publisher would have incurred during such period in fulfilling
the Publishing Obligation if there were excluded from such costs all non de minimus cost increases and cost decreases resulting from (x) Additional Legal Requirements imposed by a Governmental Entity as a direct result of Verizon’s 

  

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agreement to accept telephone directory burdens or requirements in exchange for regulatory concessions relevant to other aspects of Verizon’s business;
(y) contractual obligations of Verizon to which Verizon was not obligated to agree that require Verizon to cause non-wireline listings of subscribers of Other Service Providers to be included in any Primary Directory; and (z) contractual
(as opposed to governmental) Additional Legal Requirements that are not either (1) generally consistent with the obligations of ILECs under the pertinent contracts or (2) substantially similar to terms contained in other such
agreements binding upon Verizon as of the Effective Date; provided that, for purposes of clause (y), only those cost increases that are Incremental Listings Costs shall be excluded from Publisher’s actual costs of fulfilling the
Publishing Obligation during the applicable fiscal year. 
 (ii) Verizon shall, on an annual basis following the end of each
fiscal year through the fiscal year ended December 31, 2014, reimburse Publisher for 50% of the amount, if any, by which Publisher’s actual costs of fulfilling the Publishing Obligation during such fiscal year, exceeds the sum of
(x) $2,500,000 and (y) the hypothetical costs Publisher would have incurred during such period in fulfilling the Publishing Obligation if there were excluded from such costs all non de minimus cost increases and costs decreases directly
resulting from Additional Legal Requirements (excluding any such cost increases and cost decreases taken into account in determining an amount owed by Verizon in respect of such fiscal year under subparagraph (i) above). Any amount which
Verizon is obligated to reimburse to Publisher under this subparagraph and/or subparagraph (i) above is herein referred to as a “Reimbursable Increase”. 
 (iii) Publisher shall, on an annual basis following the end of each fiscal year through the fiscal year ended December 31, 2014, pay
to Verizon 50% of the amount, if any, by which the sum of (x) Publisher’s actual costs of fulfilling the Publishing Obligation during such fiscal year, and (y) $2,500,000 is less than the hypothetical costs Publisher would have
incurred during such period in fulfilling the Publishing Obligation if there were excluded from such costs all non de minimus cost increases and costs decreases directly resulting from Additional Legal Requirements (excluding any such cost increases
and cost decreases taken into account in determining an amount owed by Verizon in respect of such fiscal year under subparagraph (i) above). Any amount which Publisher is obligated to pay to Verizon under this subparagraph is herein referred to
as a “Cost Savings Amount”. 
 (c) Within 60 days after the end of each fiscal year, Publisher shall provide Verizon with a
written statement setting forth the amount of any Reimbursable Increase or Cost Savings Amount for the preceding fiscal year (a “Cost Change Statement”) and specifying and itemizing in reasonable detail (i) each
Additional Legal Requirement, (ii)

  

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the manner in which Publisher responded to such Additional Legal Requirement and any related cost increases or savings of Publisher and (iii) a
calculation of the Reimbursable Increase or Cost Savings Amount. 
 (d) Publisher shall have a duty to mitigate its costs in responding to
any Additional Legal Requirement potentially giving rise to a Reimbursable Increase. 
 (e) Within 60 days of Verizon’s receipt of any
Cost Change Statement, Verizon may either (i) pay the Reimbursable Increase or accept payment of the Cost Savings Amount, as the case may be, shown on such Cost Change Statement or (ii) provide Publisher with written notice
stating that it disputes one or more elements of such Cost Change Statement and setting forth in reasonable detail the basis therefor (a “Cost Change Dispute Notice”). During such 60 day period, Publisher shall provide Verizon and
its representatives with any additional information it reasonably requests to assess such Cost Change Statement, including access to Publisher’s auditors and their work papers. 
 (f) The Parties shall attempt in good faith to resolve any dispute set forth in a Cost Change Dispute Notice by referring the dispute to a senior
executive officer of each of Verizon and Publisher. If the dispute is with respect to the amount of the Reimbursable Increase or Cost Savings Amount and such officers cannot resolve such dispute within 10 Business Days of the date of the submission
of the dispute to them, then the Parties shall submit the dispute to a mutually-acceptable financial expert. If the Parties agree on such an expert, such expert’s calculation of the Reimbursable Increase or Cost Savings Amount, if any, shall be
conclusive. If the Parties do not agree on such an expert within a five business day period following notice from either Party of termination of discussions between the officers (as described above), each Party shall select its own financial expert
within a further five business day period, and such financial experts shall then together select a financial expert, which financial expert shall conclusively determine the Reimbursable Increase, if any. The expert selected pursuant the preceding
sentence shall be independent of both Parties and their respective Affiliates and shall be qualified with respect to the LEC and directory publishing industries and valuation techniques. The Parties shall provide such information, including written
submissions, as are reasonably requested by such expert. If the Parties agree on a single financial expert, the Parties shall equally share such expert’s fees and costs. If the Parties do not agree on a single expert, each Party shall pay the
fees and costs of the expert it selects and the Parties shall equally share the fees and costs of the expert that the Parties’ experts select. If a dispute set forth in a Cost Change Dispute Notice is with respect to any matter relating to the
provisions of this Section 3.10 other than the amount of any Reimbursable Increase or Cost Savings Amount, such dispute shall be addressed in any manner in which any other dispute as to the interpretation or performance of this agreement is
addressed. 
  

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 Section 3.11 Publishing Order. If any Governmental Entity having jurisdiction over Verizon
requires Verizon to Publish a White Pages (and does not allow Verizon to delegate such requirement to Publisher), or if such an order declares this Agreement null and void with respect to a White Pages (in each case, a “Publishing
Order”), Verizon shall Publish the relevant White Pages; provided, however, that, any White Pages that Verizon Publishes to fulfill a Publishing Order shall contain only the information required to be in such White Pages
(e.g., Primary Listings) and shall not include any paid advertising content. If Verizon is required to separately Publish any White Pages by any Publishing Order, Publisher shall provide all services and materials to Verizon that are necessary for
Verizon to Publish such White Pages, including printing, distribution and paper, to the maximum extent permitted by such Publishing Order, at Publisher’s sole cost and expense. To the extent the provision by Publisher to Verizon of any such
services or materials is prohibited by such Publishing Order, Publisher shall reimburse Verizon for Verizon’s costs in performing or obtaining such services and materials. 
 Section 3.12 Verizon Services. From time to time, Publisher and the applicable Verizon Subsidiary shall execute agreements (in forms mutually
agreed to between the Parties prior to the Effective Time), which require Publisher to use the applicable Verizon Subsidiary’s (but not their successors’) local, long distance, wireless and data services, on an exclusive basis until the
5th anniversary of the Effective Date; provided, that (i) the applicable Verizon Subsidiary shall
provide Publisher such services on a best price available basis for those services provided to other customers purchasing equivalent volumes and subject to equivalent term and other price-related commitments, (ii) the applicable Verizon
Subsidiary shall provide the type and quality of services substantially equivalent, taken as a whole, to the services provided by other parties and (iii) the requirements of this Section 3.12 shall not apply to the extent that
(A) Publisher has existing contractual arrangements with another provider as of the date of this Agreement until the expiration of such arrangements in accordance with their terms, (B) Publisher obtains a limited amount of
such services from other providers of such services for purposes of network diversity, (C) Publisher reimburses any of its sales agents for such agents’ costs of obtaining such services from another provider of such services with
which Publisher does not have any related agreement, or (D) the amount of such services obtained from another provider of such services is de minimis. 
 Section 3.13 Non-Solicitation. During (i) the period between the date of this Agreement and the second anniversary of the Effective Date and (ii) the two year period following the
termination of this Agreement, none of Verizon, Publisher or any of their respective Affiliates (other than Excluded Affiliates (as defined in the Non-Competition Agreement)) shall, without the prior written approval of the applicable other Party,
directly or indirectly (A) solicit for hire any employees of such other Party who (1) is engaged in sales or marketing, (2) is engaged in developing or maintaining software or systems relating to electronic
directory products and services or (3) is employed in a management or supervisory capacity (each of the foregoing, a “Covered Employee”), (B)

  

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induce any Covered Employee of such other Party to terminate his or her relationship with such other Party or (C) in the case of Verizon, solicit
for hire or hire any of member Publisher’s senior management team. The foregoing shall not apply to individuals solicited or hired as a result of the use of an independent employment agency (so long as the agency was not directed to solicit any
particular individual that a Party would be prohibiting from soliciting or hiring by this Section 3.13) or as a result of the use of a general solicitation (such as a newspaper advertisement or on radio or television, or through the internet)
not specifically directed to employees of the other Party. 
 Section 3.14 Non-Compete. 
 (a) Subject to the exclusions, exceptions and limitations expressly set forth in this Agreement, during the term of this Agreement (and any extensions or
renewals thereof), Publisher agrees that, other than as provided in this Agreement, neither Publisher nor any of its Affiliates, other than any entity as to which neither Publisher nor Publisher’s ultimate parent directly or indirectly possess
the sole legal or contractual right to cause such entity to enter into contractual arrangements, shall directly or indirectly engage in, own, manage, operate, share any revenues of, have any profit or other equity interest in any business or entity
(other than pursuant to this Agreement or by ownership of less than 40 percent of the outstanding vote or value of a corporation whose securities are publicly traded) that engages in the business of producing, publishing, marketing, selling or
distributing (or selling advertising for inclusion in) any tangible media Directory Products that (i) consist principally of listings and classified advertisements for subscribers in the Service Areas, taken as a whole, and
(ii) are directed primarily at end users in the Service Areas, taken as a whole; provided that Publisher may produce, publish or distribute (and sell advertising for inclusion in) specialty guides or directories (e.g., niche,
ethnic and new movers guides), so long as (in any such case) such products do not materially compete with and are not significant substitutes for any White Pages or Yellow Pages; provided further that if this Agreement is terminated
with respect to any Service Area, the obligations and restrictions of this Section 3.14 shall then no longer apply with respect to such Service Area. Notwithstanding the foregoing, if Publisher acquires an entity or business that is engaged in
operations that cause Publisher to otherwise be in violation of this Section 3.14, Publisher shall not be deemed to be in violation of this Section 3.14 if Publisher is in good faith attempting to rebrand as Verizon-branded or divest or
otherwise terminate the production, publication and distribution of the competing directories and rebrands as Verizon-branded or divests or otherwise terminates the production, publication and distribution of such competing directories within 12
months acquiring such entity or business. Any material breach of this Section 3.14 shall constitute a Material Default by Publisher. 
 (b) In the event of a termination of this Agreement pursuant to Section 6.2 (in its entirety or with respect to any Service Area, as the case may be), Publisher and its Affiliates shall be prohibited from including on the cover or
spine of any print directory 

  

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primarily distributed in the affected Service Areas or the cover, home page or similar feature of any non-print directory primarily directed at persons or
businesses within the affected Service Areas any name or brand (other than the name or brand of the ILEC in the applicable Service Area) that is identified with the provision of Telecommunication Services or Video Services. The restriction under
this Section 3.14(b) shall continue until the earlier of (y) the fifth anniversary of the date of such termination of this Agreement and (z) the 30th anniversary of the Effective Date. 
 (c) None of
Publisher or any of its Affiliates shall be deemed to have violated this Section 3.14 with respect to marketing and sales by non-employee sales agents if Publisher or its Affiliate, as the case may be, uses its respective commercially
reasonable efforts, including establishing reasonable procedures, to restrict the activities of their respective agents and other distribution parties that are marketing Publisher directory products and services on an exclusive basis (e.g., the
agents do not represent any other provider of directory products and services) from engaging in any activities prohibited by this Section 3.14. 
 (d) Nothing contained in this Section 3.14 shall restrict any Affiliate of Publisher to the extent that such Affiliate (i) is not operated jointly with, under common management with or does not share
facilities, sales personnel or other key employees with Publisher, (ii) is not consolidated financially with Publisher, (iii) does not have a product bundling or similar joint venture or strategic alliances agreement,
arrangement or product offering with Publisher with respect to any activities prohibited by this Section 3.14 and (iv) does not have a revenue-sharing or similar agreement arrangement with Publisher with respect to any activities
prohibited by this Section 3.14. 
 (e) Without limiting any restriction with respect to Publisher’s use of trademarks and trade
names as set forth in the Intellectual Property Agreement and Branding Agreement, Verizon acknowledges and agrees that none of Publisher or any of its Affiliates shall be under any restrictions hereunder with respect to any telephone directory
product or service that the user accesses through an interactive voice portal. 
 (f) For the sake of clarity, Verizon acknowledges and
agrees that none of Publisher or any of its Affiliates is prohibited from engaging in the business of providing Directory Products outside the Service Areas. 
 (g) In the event Publisher is acquired by any Person (other than an Affiliate of Publisher) that is, prior to the time of such acquisition, engaged in the business of publishing tangible media Directory Products in
any Service Area(s), the continued operation by such Person of such business shall not be deemed a violation of this Section 3.14, provided that, in the event Publisher is acquired for securities of such Person, the stockholders of such
Person immediately prior to the consummation of such acquisition hold greater than 50% of both the voting power and the value of the outstanding stock of such Person immediately after the consummation of such acquisition. 
  

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 ARTICLE IV 
 RIGHTS AND OBLIGATIONS OF VERIZON 
 Section 4.1 Delivery of Subscriber List Information and Subscriber
Delivery Information. 
 (a) Pursuant to the Listings License Agreement and in accordance with Schedule 4.1, Verizon shall deliver or
make available for delivery Subscriber List Information for Subscribers in the Service Areas, including any and all additions to, deletions from, and changes in such information from time to time so as to enable Publisher to Publish Primary
Directories in accordance with Publisher’s publication schedule. 
 (b) Pursuant to the Listings License Agreement and in accordance
with Schedule 4.1, Verizon shall deliver or make available for delivery Subscriber Delivery Information for Subscribers in the Service Areas, including any and all additions to, deletions from, and changes in such information from time to time so as
to enable Publisher to deliver Primary Directories to all such Subscribers. 
 (c) If Verizon elects to use a third party to deliver
Subscriber List Information and/or Subscriber Delivery Information to Publisher, then Verizon shall prepare and promptly provide to Publisher and such third party duplicate written authorizations to facilitate such delivery and Verizon shall clearly
designate and distinguish its information from all other information delivered by, or through such third party, provided that Verizon shall in any event remain liable for its obligations hereunder. 
 (d) The Parties acknowledge that Publisher requires the Subscriber List Information provided under the Listings License Agreement to perform its
obligations, and enjoy its rights and privileges, under this Agreement. Consequently, the Parties agree that if the Listings License Agreement is terminated due to Publisher’s breach thereof, Verizon shall reinstate such Listings License
Agreement or enter into a new agreement on terms and conditions as set forth in Section 3.9; provided that Publisher has identified the cause of such breach, fully remedied such breach and established reasonable procedures to prevent the
recurrence of such breach, and provided further that Verizon shall not be obligated to reinstate such Listings License Agreement or enter into any other agreement as contemplated by this Section 4.1(d) in the event of any
termination resulting from any breach of any such agreement that is substantially similar to any prior breach of any such agreement, it being understood that Publisher does not waive any rights it may have under applicable law to obtain subscriber
list or delivery information. If Publisher assigns its rights under this Agreement in accordance with the provisions herein, Verizon shall enter into a listings license agreement with such successor entity subject to and in accordance with the terms
and conditions herein. 
  

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 (e) Pursuant to the Listings License Agreement and in accordance with Schedule 4.1, Verizon shall either
(i) deliver, or cause to be delivered in a timely manner, or (ii) reimburse Publisher for any costs or expense it incurs in the purchase of EAS Listings for Subscribers in the Scoped Areas for each Primary Directory published
by Publisher hereunder (including any and all additions to, deletions from, and changes in such information from time to time, so as to enable Publisher to include such EAS Listings in White Pages Published hereunder, to the extent Legally
Required). If Verizon fails to deliver such EAS Listings to Publisher in a timely manner, then Publisher may, at its sole election, either (A) purchase such EAS Listings from the LECs, CLECs, and Resellers, on Verizon’s behalf, or
(B) purchase directories which include the EAS Listings at issue, whichever is the better overall solution to minimize expense to Verizon and meet the Legal Requirements, so that Publisher can make them available to Subscribers upon
request, or as Legally Required, in lieu of including such EAS Listings in the Primary Directory at issue. 
 (f) Verizon shall take steps to
ensure that all Subscriber requested restrictions (such as “DO NOT PUBLISH” or “NON-PUB”) are duly and accurately noted on the Subscriber Delivery Information it delivers, or causes to be delivered, to Publisher hereunder, for
each particular Subscriber that makes such a request, and further acknowledges and agrees that Publisher shall have no duty or obligation hereunder to verify the accuracy, timeliness or appropriateness of any Subscriber Delivery Information provided
by Verizon to Publisher hereunder. Notwithstanding the above, Publisher may update or correct any such information Verizon may deliver, or caused to be delivered, upon the Subscriber’s specific request. If Publisher does so, it shall notify
Verizon of the Subscriber’s requested update or correction. 
 (g) To the extent not otherwise prohibited by applicable Legal
Requirements, Verizon shall provide Publisher with such information as Publisher may reasonably request from time to time for its use and consideration in connection with the planning and performance of the Publishing Obligation hereunder (including
without limitation, rescopes, content changes, and directory life cycles), and as Verizon may lawfully provide without violating any applicable contractual obligations or applicable Legal Requirements. In addition, Verizon shall timely notify and
apprise Publisher of any proposed changes or new developments relating to or otherwise affecting Verizon’s information management systems and processes (“Systems Changes”) which Verizon reasonably believes would have a material
adverse impact on Publisher’s use of the data and information provided by Verizon hereunder or in Publisher’s costs of performance hereunder, as well as the implementation schedules for such changes or new developments, in order to allow
Publisher reasonable opportunity to analyze and consider what effect or impact, if any, such System Changes may have on its activities and operations in the fulfillment of the Publishing Obligation hereunder, and to make such changes to its own
information management systems and processes as Publisher may determine necessary in order to accommodate Verizon’s System Changes. 

  

 24 

 
Representatives of Verizon and Publisher shall discuss at quarterly meetings held pursuant to Section 3.4 any System Changes then under contemplation by
Verizon. 
 Section 4.2 Official Directory Publisher Designation. For the term of this Agreement (and any renewals thereof) and
subject to Section 3.9 and the Branding Agreement, (i) Verizon designates Publisher as its exclusive official publisher of all tangible media Directory Products consisting principally of listings and classified advertisements of
subscribers to local wireline exchange telephone service in the Service Areas and directed primarily at end users in the Service Areas covered by this Agreement and (ii) Verizon grants Publisher the branding rights and Publisher agrees
to the obligations and other restrictions set forth in the Branding Agreement. Either Party may elect, but shall not be obligated, to disclose Publisher’s official directory publisher status in their public announcements, promotional and
advertising materials and sales contacts; provided, however, that the general nature of such disclosure shall first be reviewed and approved in writing by the other Party, which approval shall not be unreasonably withheld. Verizon
further agrees that any referrals it makes in response to inquiries concerning advertising in any tangible media Directory Product with respect to any Service Area shall be made solely to Publisher. 
 ARTICLE V 
 CLAIMS, LIABILITY AND
INDEMNIFICATION 
 Section 5.1 Listing Claims. Subject to Publisher’s indemnification obligations as set forth in
Section 5.4(a), Claims regarding the Verizon Subscriber List Information in Publisher’s Directory Products shall be referred to Verizon. Verizon shall use commercially reasonable efforts to promptly investigate, defend against, and resolve
the same. 
 Section 5.2 Advertising Claims. Subject to Verizon’s indemnification obligations as set forth in
Section 5.4(b), Claims regarding advertising in Publisher’s Directory Products shall be referred to Publisher. Publisher shall use commercially reasonable efforts to promptly investigate, defend against and resolve the same. 
 Section 5.3 Cooperation. The Parties shall cooperate in good faith in the investigation, defense, settlement or other resolution of any Claims
arising out of any error or omission in or of any Subscriber listing and/or advertising in the Directory Products. In the event of any Claim asserting that Publisher and Verizon are jointly liable, (i) Publisher shall assume the
responsibility for and advance the cost of defending that portion of such Claim relating to any advertising, (ii) Verizon shall assume the responsibility for and advance the cost of defending that portion of such Claim relating to any of
Verizon Subscribers’ listings and (iii) the Parties shall cooperate, share information and coordinate their efforts in an attempt to eliminate or minimize any 

  

 25 

 
liability and their respective attorneys’ fees and costs. Any assumption of the defense of any Claim or portion thereof pursuant to this
Section 5.3 shall not imply or create an assumption of liability for any final settlement or judgment for such Claim or portion thereof. 
 Section 5.4 Indemnification. 
 (a) Publisher shall indemnify and hold harmless Verizon, its Affiliates and their respective
directors, officers, employees, agents and assigns (collectively, the “Verizon Indemnified Parties”) from, against, and in respect of, and shall reimburse the Verizon Indemnified Parties for, any and all Losses imposed on,
sustained, incurred or suffered by, or asserted against, any of the Verizon Indemnified Parties directly or indirectly relating to, arising out of or resulting from (i) Publisher’s failure to perform any of its obligations under
this Agreement, (ii) any third party Claims arising from any error or omission in or of a Verizon Subscriber’s listing or advertising in any Directory Product unless caused by Verizon or any of its Affiliates, (iii) any
Claims that any Directory Product violates or infringes the intellectual property rights of any third party or requires the consent of any third party and (iv) any Claims arising out of or relating to the conduct of Publisher’s
business. 
 (b) Verizon shall indemnify and hold harmless Publisher and its directors, officers, employees, Affiliates, agents and assigns
(collectively, the “Publisher Indemnified Parties” and collectively with the Verizon Indemnified Parties, the “Indemnified Parties”) from, against, and in respect of, and shall reimburse the Publisher Indemnified
Parties for, any and all Losses imposed on, sustained, incurred or suffered by, or asserted against, any of the Publisher Indemnified Parties directly or indirectly relating to, arising out of or resulting from (i) its failure to perform
any of its obligations under this Agreement; (ii) any third-party Claims brought against Publisher in connection with its performance of the Publishing Obligation as a result of any error or omission in or of the Verizon Subscriber List
Information in the White Pages portion of any Primary Directory caused by Verizon if and only to the extent and in the amount that such Losses would have been imposed on, sustained, incurred or suffered by, or asserted against, Verizon if Verizon
were performing the Publishing Obligation and used such Verizon Subscriber List Information in furtherance thereof, provided that Verizon shall have no indemnification obligation under this provision if and to the extent that such Losses were
imposed on, sustained, incurred or suffered by, or asserted against, Publisher as a result of any breach by Publisher of its obligations under the agreement or the negligence or misconduct of Publisher, (iii) any Claims that any grant
made by Verizon in the Branding Agreement violates or infringes the intellectual property rights of any third party or requires the consent of any third party and (iv) any Claims arising out of or relating to the conduct of
Verizon’s business. 
 (c) Verizon shall use commercially reasonable efforts to make applicable to Publisher any limitations on
liability or indemnification rights Verizon may have as a 

  

 26 

 
result of tariff, statute or contractual provisions. In the event that any Loss is imposed on, sustained, incurred or suffered by, or asserted against, any
Publisher Indemnified Party in respect of which such Publisher Indemnified Party is not entitled to indemnification from Verizon pursuant to Section 5.4(b) but Verizon would be entitled to indemnification from a third-party if such Publisher
Indemnified Party had been Verizon or any of its directors, officers, employees, Affiliates or agents, Verizon shall, at Publisher’s request and sole cost and expense, assert against such third-party a claim for indemnification in respect of
such Loss and pay any proceeds from such claim to Publisher. 
 (d) Verizon agrees to use commercially reasonable efforts to limit, by tariff
or contract, its own and its contractors’ and agents’ liability to any Subscriber for any error or omission in any Subscriber List Information to no more than the cost, if any, assessed to the Subscriber for directory listing services.

 Section 5.5 Notice and Procedures. Any Indemnified Party seeking indemnification pursuant to this Agreement shall give prompt
written notice in reasonable detail (the “Notice Of Claim”) to the Party from whom such indemnification is sought (the “Indemnifying Party”) stating the basis of each Claim for which indemnification is being sought
hereunder within 30 days of obtaining knowledge thereof provided, however, that the failure timely to give a Claim Notice shall not affect the rights of an Indemnified Party hereunder, except to the extent that such failure materially
prejudices the Indemnifying Party’s defense of, or other rights available to the Indemnifying Party with respect to, such Claim. If the facts giving rise to any claim for indemnification involve an actual or threatened Claim by or against a
third party: 
 (i) the Parties shall cooperate in the prosecution or defense of such Claim in accordance with
Section 5.3 above and shall furnish such records, information and testimony and attend to such proceedings as may be reasonably requested in connection therewith; and 
 (ii) the Indemnified Party shall make no settlement of any Claim that would give rise to liability on the part of the Indemnifying Party
without the latter’s prior written consent that shall not be unreasonably withheld or delayed, and the Indemnifying Party shall not be liable for the amount of any settlement affected without its prior written consent. 
 Section 5.6 Time Limitation. Any Notice of Claim relating to indemnification sought for any Losses relating to, arising out of or resulting from
any Directory Product must be given within 18 months after the publication of such Directory Product. 
 Section 5.7 Other
Indemnification. No Indemnified Party shall be entitled to seek indemnification under this Agreement from any Party with respect to any Loss for which such Indemnified Party has sought indemnification pursuant to any other Commercial Agreement
or any Transaction Agreement. Any Indemnified Party that 

  

 27 

 
seeks indemnification under this Agreement shall not be entitled to seek indemnification pursuant to any other Commercial Agreement or any Transaction
Agreement. 
 ARTICLE VI 
 TERMINATION 
 Section 6.1 Termination By Publisher. 
 (a) If Verizon commits a Material Default, Publisher may provide written notice to Verizon specifying such Material Default in reasonable detail (a
“Default Notice”). Upon receipt of any Default Notice, Verizon may elect to (i) cure the Material Default specified in such Default Notice (unless such Material Default is not susceptible to cure) and
(ii) agree to indemnify Publisher pursuant to Section 5.4(b) for any Losses relating to, arising out of or resulting from such Material Default. If within 45 days of Verizon’s receipt of any Default Notice Verizon has not cured
the Material Default specified in such Default Notice (or, if not reasonably curable within such 45 day period, provided Publisher with reasonable assurances that it has commenced and is diligently taking all actions necessary to cure such Material
Default as soon as reasonably practicable, not to exceed 90 days) and given Publisher written notice of its agreement to indemnify Publisher for any Losses relating to, arising out of or resulting from such Material Default, Publisher may terminate
this Agreement and/or seek a judicial remedy. Notwithstanding the foregoing, if Verizon provides Publisher with written notice disputing the existence of the Material Default specified in such Default Notice within 45 days of Verizon’s receipt
of such Default Notice, the Parties shall, prior to seeking any judicial remedy, refer such dispute to a senior executive officer of each of Verizon and Publisher, who shall, for a minimum of 15 Business Days, act in good faith to resolve such
dispute and determine the appropriate remedial action (such process, a “Breach Resolution Process”). If it is then determined that the Material Default specified in such Dispute Notice occurred and remains uncured, Publisher may
terminate this Agreement and/or seek a judicial remedy. 
 (b) If Verizon (i) breaches Section 3.8(c) of this Agreement or
(ii) commits a Material Default with respect to any Service Area as opposed to the Agreement taken as a whole (each of clauses (i) and (ii) a “Service Area Default”), Publisher may provide written notice to
Verizon specifying such Service Area Default in reasonable detail (a “Service Area Default Notice”). Upon receipt of any Service Area Default Notice, Verizon may elect to (i) cure the Service Area Default specified in
such Service Area Default Notice (unless such Service Area Default is not susceptible to cure) and (ii) agree to indemnify Publisher pursuant to Section 5.4(b) for any Losses relating to, arising out of or resulting from such
Service Area Default. If within 45 days of Verizon’s receipt of any Service Area Default Notice Verizon has not cured the Service Area Default specified in such Service Area Default Notice (or, if not reasonably curable within such 

  

 28 

 
45 day period, provided Publisher with reasonable assurances that it has commenced and is diligently taking all actions necessary to cure such Service Area
Default as soon as reasonably practicable, not to exceed 90 days) and given Publisher written notice of its agreement to indemnify Publisher for any Losses relating to, arising out of or resulting from such Service Area Default, Publisher may
terminate this Agreement with respect to the Service Area specified in such Service Area Default Notice and/or seek a judicial remedy. Notwithstanding the foregoing, if Verizon provides Publisher with written notice disputing the existence of the
Service Area Default specified in such Service Area Default Notice within 45 days of Verizon’s receipt of such Service Area Default Notice, the Parties shall, prior to seeking any judicial remedy, engage in a Breach Resolution Process. If it is
then determined that the Service Area Default specified in such Service Area Dispute Notice occurred and remains uncured, Publisher may terminate this Agreement with respect to the Service Area specified in such Service Area Default Notice and/or
seek a judicial remedy. 
 Section 6.2 Termination By Verizon. 
 (a) If Publisher commits a Material Default, Verizon may provide written notice to Publisher specifying such Material Default in reasonable detail (a
“Default Notice”). Upon receipt of any Default Notice, Publisher may elect to (i) cure the Material Default specified in such Default Notice (unless such Material Default is not susceptible to cure) and
(ii) agree to indemnify Verizon pursuant to Section 5.4(a) for any Losses relating to, arising out of or resulting from such Material Default. If within 45 days of Publisher’s receipt of any Default Notice Publisher has not
cured the Material Default specified in such Default Notice (or, if not reasonably curable within such 45 day period, provided Verizon with reasonable assurances that it has commenced and is diligently taking all actions necessary to cure such
Material Default as soon as reasonably practicable, not to exceed 90 days) and given Verizon written notice of its agreement to indemnify Verizon for any Losses relating to, arising out of or resulting from such Material Default, Verizon may
terminate this Agreement and/or seek a judicial remedy. Notwithstanding the foregoing, if Publisher provides Verizon with written notice disputing the existence of the Material Default specified in such Default Notice within 45 days of
Publisher’s receipt of such Default Notice, the Parties shall, prior to seeking any judicial remedy, engage in a Breach Resolution Process. If it is then determined that the Material Default specified in such Dispute Notice occurred and remains
uncured, Verizon may terminate this Agreement (including Publisher’s official directory publisher status) and/or seek a judicial remedy. 
 (b) If Publisher breaches this Agreement in a manner that results in a material and continuing failure to discharge the Publishing Obligation with respect to any Primary Directory (a “Primary Directory Default”), Verizon
may provide written notice to Publisher specifying such Primary Directory Default in reasonable detail (a “Directory Default Notice”). Upon receipt of any Directory Default Notice, Publisher may elect to 

  

 29 

 
(i) cure the Primary Directory Default specified in such Directory Default Notice (unless such Primary Directory Default is not susceptible to cure)
and (ii) agree to indemnify Verizon pursuant to Section 5.4(a) for any Losses relating to, arising out of or resulting from such Primary Directory Default. If within 45 days of Publisher’s receipt of any Directory Default
Notice Publisher has not cured the Primary Directory Default specified in such Directory Default Notice (or, if not reasonably curable within such 45 day period, provided Verizon with reasonable assurances that it has commenced and is diligently
taking all actions necessary to cure such Primary Directory Default as soon as reasonably practicable, not to exceed 90 days) and given Verizon written notice of its agreement to indemnify Verizon for any Losses relating to, arising out of or
resulting from such Primary Directory Default, Verizon may terminate this Agreement with respect to the Service Area in which the Primary Directory specified in such Directory Default Notice is Published and/or seek a judicial remedy.
Notwithstanding the foregoing, if Publisher provides Verizon with written notice disputing the existence of the Primary Directory Default specified in such Directory Default Notice within 45 days of Publisher’s receipt of such Directory Default
Notice, the Parties shall, prior to seeking any judicial remedy, engage in a Breach Resolution Process. If it is then determined that the Primary Directory Default specified in such Directory Default Notice occurred and remains uncured, Verizon may
terminate this Agreement with respect to the Primary Directory specified in such Directory Default Notice and/or seek a judicial remedy. 
 (c) Verizon may terminate this Agreement (including Publisher’s official directory publisher status) if Verizon has terminated this Agreement pursuant to Section 6.2(b) above with respect to 20% or more of Verizon Subscribers in
the Service Areas, such percentage determined by using a numerator of the total number of Verizon Subscribers in the Service Areas terminated by Verizon pursuant to Section 6.2(b) above and a denominator of the total number of Verizon
Subscribers in the Service Areas that would have been subject to this Agreement had Verizon not elected to terminate any such Service Areas pursuant to Section 6.2(b) above. 
 (d) In the event Verizon ceases to provide local telephone service in all or any portion of any Service Area, Verizon may terminate this Agreement with
respect to such Service Area or portion thereof. 
 (e) In the event of a termination of this Agreement in its entirety or with respect to
all or any portion of any Service Area, the Branding Agreement shall terminate to the extent set forth in Sections 11(d)(vi)-(viii) of the Branding Agreement. In the event of a termination of the Branding Agreement with respect to any Service
Area, Verizon shall have the right to terminate this Agreement with respect to such Service Area. 
  

 30 

 Section 6.3 Transition Upon Termination. 
 (a) If this Agreement is terminated pursuant to Section 6.1(a), the Parties shall cooperate in good faith to transition the Publishing Obligation to
such Person or Persons that Verizon desires as soon as reasonably practicable and to ensure that the Publishing Obligation is discharged until such transition is complete, with Verizon bearing all direct costs and expenses related to such
transitioning of the Publishing Obligation (e.g., data migration and third party consents) (“Transition Costs”). 
 (b) If
this Agreement is terminated with respect to any Service Area pursuant to Section 6.1(b), the Parties shall cooperate in good faith to transition the Publishing Obligation with respect to such Service Area to such Person or Persons that Verizon
desires as soon as reasonably practicable and to ensure that the Publishing Obligation is discharged until such transition is complete, with Verizon bearing all Transition Costs. 
 (c) If this Agreement is terminated pursuant to Section 6.2(a) or Section 6.2(c), the Parties shall cooperate in good faith to transition the
Publishing Obligation to such Person or Persons that Verizon desires as soon as reasonably practicable and to ensure that the Publishing Obligation is discharged until such transition is complete, with Publisher bearing all Transition Costs.

 (d) If this Agreement is terminated with respect to any Service Area pursuant to Section 6.2(b), the Parties shall cooperate in good
faith to transition the Publishing Obligation with respect to such Service Area to such Person or Persons that Verizon desires as soon as reasonably practicable and to ensure that the Publishing Obligation is discharged until such transition is
complete, with the Publisher bearing all Transition Costs. 
 Section 6.4 Termination Without Prejudice. No Party shall be subject to
damages or have any other liability to the other Party solely as a result of such Party’s terminating this Agreement in accordance with its terms, and any such termination of this Agreement, or any decision not to so terminate, by a Party shall
be without prejudice to any other right or remedy of such Party under this Agreement or applicable law. 
 ARTICLE VII 
 OTHER DEFAULTS; LIMITATION OF LIABILITY 
 Section 7.1 Other Defaults. If a Party commits an Other Default, the non-defaulting Party may (as in the event of any Material Default, Service Area Default or Primary Directory Default) pursue a claim for damages or any other
remedy, but shall have no right to terminate this Agreement unless such Party obtains a judicial determination that termination is an appropriate remedy for such Other Default. 
  

 31 

 Section 7.2 Limitation of Liability. Neither Party, or its Affiliates, shall be liable to the
other Party, or its Affiliates, for any damages other than direct damages, except in the case of fraud or willful misconduct. Each Party agrees that it is not entitled to recover and agrees to waive any claim with respect to, and shall not seek,
consequential, punitive or any other special damages as to any matter under, relating to or arising out of the transactions contemplated by this Agreement, except with respect to such claims and damages arising directly out of a Party’s fraud
or willful misconduct. 
 ARTICLE VIII 
 EXCUSED PERFORMANCE 
 Section 8.1 General Force Majeure. Neither Party shall be in default under this Agreement or liable
for any nonperformance that is caused by any occurrence or circumstance beyond such Party’s reasonable control (including epidemic, riot, unavailability of resources due to national defense priorities, war, armed hostilities, strike, walkouts,
civil disobedience, embargo, fire, flood, drought, storm, pestilence, lightning, explosion, power blackout, earthquake, volcanic eruption, civil or military authority, foreseeable or unforeseeable act of God, act of a public enemy, act of terrorism,
act of sabotage, act or omission of carriers, or other natural catastrophe or civil disturbance) during the period and to the extent that such extraordinary condition delays, impairs or prevents such Party’s performance. 
 ARTICLE IX 
 MISCELLANEOUS 
 Section 9.1 Confidentiality. Each Party may disclose to the other Confidential Information. Each Party agrees to keep Confidential Information of
the other Party confidential, and not to disclose such information to any third Party, except to those of its employees, subcontractors, consultants and agents with a need to know such Confidential Information solely for the purpose of performing
the receiving Party’s obligations under this Agreement and the other Commercial Agreements and as otherwise permitted under this Agreement and the other Commercial Agreements; provided that any such employees, subcontractors, consultants
or agents are informed by the recipient Party of the confidential nature of the Confidential Information and agree to be bound by the terms no less restrictive than those set forth herein. The recipient of Confidential Information may use the
Confidential Information and make copies of Confidential Information only as reasonably necessary to perform its obligations under this Agreement and the other Commercial Agreements and as otherwise permitted under this Agreement and the other
Commercial Agreements. All such copies will be subject to the same restrictions and protections as the original. Each Party will safeguard such Confidential 

  

 32 

 
Information from unauthorized use or disclosure with at least the same degree of care with which the recipient Party safeguards its own Confidential
Information. The recipient Party will be responsible for any breach of the obligations set forth herein by the recipient’s employees, subcontractors, consultants or agents. Confidential Information belonging to a Party that is in the possession
of the other Party will be returned, or destroyed at the disclosing Party’s request, within 30 days after a written request is delivered to the recipient, including any copies made by the recipient Party. If either Party loses or makes an
unauthorized disclosure of the other Party’s Confidential Information, it will notify such other Party immediately and use commercially reasonable efforts to retrieve the lost or wrongfully disclosed information. A Party may disclose
Confidential Information which is required to be disclosed by law, a court of competent jurisdiction or governmental or administrative agency so long as the disclosing Party has been notified of the requirement promptly after the receiving Party
becomes aware of the requirement and so long as the receiving Party undertakes all lawful measures to avoid disclosing such information until the disclosing Party has had reasonable time to seek a protective order and complies with any protective
order that covers the Confidential Information to be disclosed. 
 Section 9.2 Further Assurances. Each Party shall take such other
actions as the other Party may reasonably request or as may be necessary or appropriate to consummate or implement the transactions contemplated by this Agreement or to evidence such events or matters. 
 Section 9.3 No Agency; Right to Subcontract. 
 (a) Nothing in this Agreement or in any other document related to this transaction, and no action of or inaction by either of the Parties hereto shall be deemed or construed to constitute an agency relationship between the Parties hereto.
Each Party is acting independently of the other and neither Party has the authority to act on behalf of or bind the other. 
 (b)
Notwithstanding anything to the contrary contained herein, Publisher shall be permitted, at any time and from time to time, to carry out or otherwise fulfill its obligations set forth in Section 3.1(a) through one or more agents, subcontractors
or other representatives, each engaged with due care and required to be experienced, capable and of similar quality as Publisher, provided that in any event Publisher shall remain liable for such obligations. Notwithstanding the foregoing, Publisher
shall not have the right to sublicense any marks or other intellectual property granted under this Agreement, unless otherwise agreed in writing by the Parties. 
 Section 9.4 Governing Law; Service of Process; Jurisdiction. This Agreement and the legal relations between the parties hereto shall be governed by and construed in accordance with the laws of the State of New
York, without regard to the conflict of laws rules thereof to the extent such rules would require the application of the law of another 

  

 33 

 
jurisdiction. The state or federal courts located within the City of New York shall have exclusive jurisdiction over any and all disputes between the parties
hereto, whether in law or equity, arising out of or relating to this agreement and the agreements, instruments and documents contemplated hereby and the parties consent to and agree to submit to the exclusive jurisdiction of such courts. Each of the
Parties hereby waives and agrees not to assert in any such dispute, to the fullest extent permitted by applicable law, any claim that (i) such Party is not personally subject to the jurisdiction of such courts, (ii) such
party and such Party’s property is immune from any legal process issued by such courts or (iii) any litigation or other proceeding commenced in such courts is brought in an inconvenient forum. The Parties hereby agree that mailing
of process or other papers in connection with any such action or proceeding in the manner provided in Section 9.8, or in such other manner as may be permitted by law, shall be valid and sufficient service thereof and hereby waive any objections
to service accomplished in the manner herein provided. 
 Section 9.5 Waiver of Jury Trial. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER RELATED DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

 Section 9.6 Amendments; Waivers. Except as expressly provided herein, this Agreement and any attached schedule may be amended only
by agreement in writing of the Parties. No waiver of any provision nor consent to any exception to the terms of this Agreement or any agreement contemplated hereby shall be effective unless in writing and signed by both Parties and then only to the
specific purpose, extent and instance so provided. No failure on the part of either Party to exercise or delay in exercising any right hereunder shall be deemed a waiver thereof, nor shall any single or partial exercise preclude any further or other
exercise of such or any other right. 
 Section 9.7 No Assignment. Neither this Agreement nor any rights or obligations hereunder are
assignable by either Party without the express prior written consent of the other Party; provided, however, that: 
 (i) either Party may assign this Agreement upon written notice to the other Party to any of its Affiliates without the consent of the other Party if the assigning Party requires such Affiliate to agree in writing to assume this Agreement
and each of the other Commercial Agreements and the assigning Party remains liable for its obligations under each such agreement; 
 (ii) a Change of Control of either Party shall not be deemed to be an assignment of this Agreement, provided that if the relevant Party is no longer directly bound as a party to this Agreement (e.g., because the Change of Control

  

 34 

 
is a sale or transfer of assets or is the result of a transaction pursuant to which the successor, surviving or acquiring entity does not automatically
succeed to the obligations of such Party by operation of law), the successor, surviving or acquiring entity shall agree in writing (in form and substance reasonably satisfactory to the other Party) to assume this Agreement and each of the other
Commercial Agreements; 
 (iii) Publisher may assign this Agreement and the rights and obligations hereunder to its lenders
for collateral security purposes, so long as Publisher remains liable for its obligations hereunder, provided that no assignee of this Agreement pursuant to this Section 9.7(iii) may assign or otherwise transfer this agreement
(A) other than to a Person that has the financial, managerial and operational capabilities necessary to perform Publisher’s obligations hereunder and (B) without the prior written consent of Verizon, which shall not be
unreasonably withheld; and 
 (iv) Publisher may assign this Agreement as to the Primary Directories with respect to any
Service Areas to any Person (other than an Affiliate of Publisher) that has the financial, managerial and operational capabilities necessary to perform Publisher’s obligations hereunder, and Publisher shall thereafter have no rights or
obligations under this Agreement with respect to such Service Area(s), provided that such Person shall agree in writing (in form and substance reasonably satisfactory to Verizon) to assume this Agreement and each of the other Commercial
Agreements to the extent of the relevant Service Area(s) and Publisher obtains the prior written consent of Verizon, which shall not be unreasonably withheld. 
 Section 9.8 Notices. All notices, demands and other communications to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given:
(i) immediately when personally delivered; (ii) when received by first class mail, return receipt requested; (iii) one day after being sent by Federal Express or other overnight delivery service; or
(iv) when receipt is acknowledged, either electronically or otherwise, if sent by facsimile, telecopy or other electronic transmission device. Notices, demands and communications to Publisher and Verizon shall, unless another address is
specified by Publisher or Verizon hereafter in writing, be sent to the address indicated and Schedule 9.8, as such Schedule may be amended with respect to a party from time to time by such party by written notice to the other parties. 
 Section 9.9 Entire Agreement. This Agreement, including any schedules attached hereto, and the other Commercial Agreements constitute the entire
agreement between the Parties pertaining to the subject matter hereof and supersedes all prior agreements and understandings of the Parties in connection therewith. 
  

 35 

 Section 9.10 Severability. If any provision of this Agreement is held to be unenforceable for any
reason, it shall be adjusted rather than voided, if possible, to achieve the intent of the Parties. All other provisions of this Agreement shall be deemed valid and enforceable to the extent possible. 
 Section 9.11 Headings. The descriptive headings of the Articles, Sections and subsections of this Agreement are for convenience only and do not
constitute a part of this Agreement. 
 Section 9.12 Counterparts. This Agreement and any amendment hereto or any other agreement
delivered pursuant hereto may be executed in one or more counterparts and by different Parties in separate counterparts. All counterparts shall constitute one and the same agreement and shall become effective when one or more counterparts have been
signed by each Party and delivered to the other Party. 
 Section 9.13 Successors and Assigns; No Third Party Beneficiaries. This
Agreement is binding upon and shall inure to the benefit of each Party and their respective successors or assigns, and nothing in this Agreement, express or implied, is intended to confer upon any other Person or Governmental Entity any rights or
remedies of any nature whatsoever under or by reason of this Agreement. 
 Section 9.14 Interpretation. The Parties each acknowledge that it has been
represented by counsel in connection with this Agreement. Accordingly, any rule of law or any legal decision that would require interpretation of any claimed ambiguities in this Agreement against the Party that drafted it has no application and is
expressly waived. The provisions of this Agreement shall be interpreted in a reasonable manner to effect the intent of the Parties. In the event of an inconsistency between the provisions of this Agreement and the provisions of any of the other
Commercial Agreements, the provisions of this Agreement shall be controlling. 
 [Signature Page Follows] 
  

 36 

 IN WITNESS WHEREOF, each of the Parties has caused this Agreement to be duly executed for and on its
behalf as of the day and year first above written. 
  

					
	 VERIZON COMMUNICATIONS INC.

		
	 By:
	 	/s/ John W. Diercksen
		 	 Name:
	 	 John W. Diercksen

		 	 Title:
	 	 Executive Vice President

  

					
	 VERIZON SERVICES CORP.

		
	 By:
	 	/s/ George S. Dowell
		 	 Name:
	 	 George S. Dowell

		 	 Title:
	 	 VP – Supply Chain Services

  

					
	 IDEARC MEDIA CORP.

		
	 By:
	 	/s/ Katherine J. Harless
		 	 Name:
	 	 Katherine J. Harless

		 	 Title:
	 	 President

  

 37Non-Competition Agreement

 Exhibit 10.3 
 EXECUTION COPY 
 NON-COMPETITION AGREEMENT 
 This Non-Competition Agreement (this “Agreement”) is entered into as of November 17, 2006 between Idearc Media Corp., a Delaware
corporation (“Publisher”), and Verizon Communications Inc., a Delaware corporation (“Verizon”). Capitalized terms not otherwise defined herein shall have the meanings assigned to such terms the Publishing Agreement
(as defined below). 
 RECITALS 
 WHEREAS, Verizon and Idearc Inc. (“Spinco”), Publisher’s ultimate parent company, have entered into the Distribution Agreement, dated as of November 13, 2006 (the “Distribution Agreement”),
pursuant to which (i) Verizon shall separate the Spinco Assets (as defined in the Distribution Agreement) from the Verizon Assets (as defined in the Distribution Agreement), (ii) in exchange for the contribution to Spinco,
directly or indirectly, of the Spinco Assets, Spinco shall issue to Verizon the Spinco Common Stock (as defined in the Distribution Agreement) and the Spinco Exchange Notes (as defined in the Distribution Agreement) and cash and
(iii) Verizon shall distribute all of the issued and outstanding shares of Spinco Common Stock to Verizon’s stockholders; 
 WHEREAS, in connection with the transactions contemplated by the Distribution Agreement, Publisher, Verizon and certain of Verizon’s Affiliates are, concurrently with the execution of this Agreement, entering the Publishing Agreement
(the “Publishing Agreement”), pursuant to which Verizon is, among other things, designating Publisher as its exclusive official publisher of Directory Products within certain of its Service Areas, subject to the terms and conditions
set forth therein; 
 WHEREAS, in connection with the transactions contemplated by the Distribution Agreement and the Publishing Agreement,
Verizon has agreed to certain non-competition and non-solicitation covenants, as set forth in this Agreement; 
 NOW, THEREFORE, in
consideration of the premises and of the mutual covenants and agreements herein contained, the Parties, intending to be legally bound, agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.1 General Rules of Construction. For all purposes of this Agreement: (i) the terms defined in this Agreement include the plural as well as the singular; (ii) all references in this
Agreement to designated “Articles,” “Sections” and other subdivisions are to the designated Articles, Sections and other subdivisions of the body of this Agreement; (iii) pronouns of either gender or neuter include, as
appropriate, the other pronoun forms; (iv) the words “herein,” “hereof” and “hereunder” and other words of 

 similar import refer to this Agreement as a whole and not to any particular Article, Section or other subdivision;
(v) “or” is not exclusive; (vi) “including” and “includes” shall be deemed to be followed by “but not limited to” and “but is not limited to,” respectively; (vii) any definition of or
reference to any law, agreement, instrument or other document herein shall be construed as referring to such law, agreement, instrument or other document as from time to time amended, supplemented or otherwise modified; and (viii) any
definition of or reference to any statute shall be construed as referring also to any rules and regulations promulgated thereunder. 
 Section 1.2 Definitions. The following definitions shall apply within this Agreement. 
 “Agreement”
has the meaning set forth in the introductory paragraph of this Agreement. 
 “Branding Agreement” means the Branding
Agreement, dated as of the date hereof, between Verizon Licensing Company and Publisher. 
 “Business Day” means any day
other than a Saturday, a Sunday or a day on which banks in New York, New York are authorized or obligated by law or executive order to close. 
 “Covenant Cure Period” has the meaning set forth in Section 3.2. 
 “Directory Product” means
a telephone directory product or service consisting principally of searchable (e.g., by alphabet letter or category of products or services) multiple landline telephone listings and classified advertisements that is delivered or otherwise made
available to end users in tangible media (e.g., paper directories, CD-ROM), or digital media (e.g., PDA download but only downloads of a complete directory product that is otherwise published in tangible media) but shall not include any of the
foregoing products or service made available or delivered by electronic media (e.g., Internet, CATV, satellite, broadcasting). 
 “Distribution Agreement” has the meaning set forth in the first recital of this Agreement. 
 “Excluded
Affiliates” means Cellco Partnership, d/b/a Verizon Wireless (for so long as it is not a wholly owned subsidiary of Verizon) and each subsidiary partnership, corporation, limited liability company or other business entity thereof, and any
other entity as to which Verizon does not directly or indirectly possess the sole legal or contractual right to cause such entity to enter into contractual arrangements (it being understood that no wholly owned subsidiary of Verizon shall be an
Excluded Affiliate); provided that any such entity shall cease to be an Excluded Affiliate if, when and for so long as Verizon obtains the sole legal or contractual right to cause such entity to enter into contractual arrangements.

 “Independent Markets” means geographic areas listed on Schedule 1.2. 
  

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 “Intellectual Property Agreement” means the Intellectual Property Agreement, dated as of
the date hereof, between Verizon and Publisher. 
 “Internet” means the collection of computer and telecommunications
facilities, including equipment and operating software, which comprise the interconnected world-wide network of networks that employ the “transmission control protocol/internet protocol”, or any predecessor or successor protocols to such
protocol, and includes the world wide web. 
 “Internet Services” has the meaning set forth in the Branding Agreement.

 “IYP Directory Product” means that portion of Internet Services provided via a web-site intended to be accessible by
end-users using a personal computer that consists primarily of searchable (e.g., by alphabet letter or category) multiple wireline telephone listings of businesses and classified (in a manner substantially similar to that used in Publisher’s
print Directory Products) advertisements located in the United States of America (excluding its territories and possessions) and which is substantially similar in all material respects as to look and functionality, to the “Yellow Pages”
web pages portion contained in Publisher’s “SuperPages.com” web site as of the Effective Date. 
 “IYP
Restrictions” means the restrictions contained in Section 2.1(b), as limited by Section 2.3(o). 
 “Law”
means any federal, state, local, municipal, foreign, international, multinational or other constitution, law, ordinance, principle of common law, code, regulation, statute or treaty. 
 “Material Default” means, with respect to either Party, a breach of any material term, condition, covenant or obligation of this
Agreement that is so material and continuing that it has the effect of abrogating such Party’s performance and the other Party’s enjoyment of the benefits under this Agreement taken as a whole, including an uncured breach by Verizon of
Section 2.2(a). 
 “Party” means each of Publisher and Verizon (collectively, the “Parties”).

 “Person” means an association, a corporation, an individual, a partnership, a limited liability company, a trust or any
other entity or organization, including a Governmental Entity. 
 “Publisher” has the meaning set forth in the preamble to
this Agreement. 
 “Publisher Parties” has the meaning set forth in the introductory paragraph of this Agreement.

 “Publishing Agreement” has the meaning set forth in the second recital of this Agreement. 
  

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 “Publisher Region” means (i) the geographic area (which may not be contiguous)
comprised of all of the Service Areas and (ii) the geographic area (which may not be contiguous) comprised of all of the Independent Markets. 
 “Remediable Breach” has the meaning set forth in Section 3.2 
 “Restricted Activity Notice”
has the meaning set forth in Section 3.1. 
 “Spinco” has the meaning set forth in the first recital of this Agreement.

 “Verizon” has the meaning set forth in the preamble to this Agreement. 
 “Verizon Restricted Activities” has the meaning set forth in Section 2.1. 
 “Verizon Successor” has the meaning set forth in Section 2.2 (a). 
 “Voice Portal Directory” means a telephone directory product or service that the user accesses through an interactive voice portal.

 ARTICLE II 
 VERIZON
NON-COMPETITION COVENANTS 
 Section 2.1 Restrictions. 
 (a) Subject to the exclusions, exceptions and limitations expressly set forth in this Agreement, and without limiting any restriction with respect to
Verizon’s use of trademarks and trade names as set forth in the Intellectual Property Agreement, Verizon agrees that it and its Affiliates (other than the Excluded Affiliates) (i) shall not, (ii) shall not act as a sales agent on
behalf of a third Person in order to, or (iii) shall not enter into a joint venture, strategic alliance, product bundling, revenue sharing or similar arrangement with a third Person a purpose of which is to (or subsequently vote in favor of or
give its consent to any modification of any such arrangement a primary purpose of which is to), publish, market, sell or distribute any Directory Products that (A) consist principally of listings and classified advertisements of subscribers in
the Publisher Region and (B) are directed primarily at end users in the Publisher Region (“Verizon Restricted Activities”); provided, however, that if the Publishing Agreement is terminated with respect to any
Service Area(s) (thereby causing the definition of Publisher Region to exclude such Service Area(s)), the obligations and restrictions of this Section 2.1 shall no longer apply with respect to such Service Area(s), without limiting the
continued application of such obligations and restrictions with respect to the remaining Service Areas. 
 (b) For a period of one year from
the Effective Date, Verizon agrees that it and its Affiliates (other than Excluded Affiliates) (i) shall not, (ii) shall not act as a sales agent on behalf of a third Person in order to, or (iii) shall not enter into a joint venture,
strategic alliance, product bundling, revenue sharing or similar arrangement with a third Person a purpose of which is to (or subsequently vote in favor of or give its consent to 
  

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 any modification of any such arrangement a primary purpose of which is to) publish, market, or sell any IYP Directory
Product provided by Publisher. 
 Section 2.2 Successor Restrictions. 
 (a) Subject to the exclusions, exceptions and limitations expressly set forth in this Agreement, following a Change of Control of Verizon whereby Verizon
is no longer directly bound as a Party to this Agreement (e.g., because the Change of Control is a sale or transfer of assets or is the result of a transaction pursuant to which the successor, surviving or acquiring entity (the “Verizon
Successor”) does not automatically succeed to the obligations of Verizon by operation of law), Verizon shall require the Verizon Successor to agree in writing to assume this Agreement on substantially similar terms as are then in effect
hereunder. 
 (b) Subject to the exclusions, exceptions and limitations expressly set forth in this Agreement, if Verizon exits any Service
Area in the Publisher Region as a result of (i) a sale, assignment or other transfer of access lines, (ii) a merger or other business combination transaction with a Person in respect of access lines, or (iii) any other agreement with
any third Person pursuant to which such Person shall provide local telephone service in lieu of Verizon in such Service Area (or portion thereof), and, in any of the foregoing cases, such event does not constitute a Change of Control:
(A) Verizon shall, if Publisher has entered into with the acquiring Person binding agreements on terms substantially similar to the Publishing Agreement and Branding Agreement (to the extent set forth in Section 3.8(c) of the
Publishing Agreement), require the acquiring Person to agree to enter into with Publisher, and Publisher shall enter into with such Person, a binding agreement on terms substantially similar to this Agreement, excluding Section 2.1(b), with
respect to the relevant Service Area(s) and (B) neither Publisher nor Verizon shall be released from its obligations under this Agreement other than with respect to such Service Area or portion thereof. 
 Section 2.3 Exceptions and Limitations. 
 (a) None of Verizon, the Verizon Successor or any of their respective Affiliates shall be deemed to have engaged in Verizon Restricted Activities or violated the IYP Restrictions with respect to marketing and sales by non-employee sales
agents if such Person uses its commercially reasonable efforts, including establishing reasonable procedures, to restrict the activities of those of their respective agents and other distribution parties that are marketing Verizon local telephone
service on an exclusive basis (e.g., the agents do not represent any other provider of local telephone service) from engaging in Verizon Restricted Activities. 
 (b) Publisher acknowledges and agrees that, except for the IYP Restrictions, none of Verizon, the Verizon Successor or any of their respective Affiliates (including the Excluded Affiliates) shall have any restrictions
on the publication, marketing, sale or distribution of Directory Products directed principally at end-users outside the Publisher 
  

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 Region using any brand, other than the brands “SuperPages” or any combination mark of “SuperPages”
and “Spinco”. 
 (c) Nothing contained in this Agreement shall prohibit any of Verizon, the Verizon Successor or any of their
respective Affiliates (including, for the avoidance of doubt, the Excluded Affiliates) from engaging in any activity in which it is required by Law to engage in itself or through its Affiliates, including publishing or distributing White Pages to
the extent permitted or required in the event of a Publishing Order, subject and pursuant to the terms and conditions of Section 3.11 of the Publishing Agreement. 
 (d) Nothing contained in this Agreement shall restrict the Verizon Successor from continuing to publish, market, sell or distribute (on its own behalf or on behalf of any third Person) Directory Products in those
Service Areas and Independent Markets in the Publisher Region in which it was conducting any such business at the date of execution of the agreement(s) pursuant to which such Change of Control or disposition transaction occurs; provided,
however, that the Verizon Successor: (i) may not materially expand the geographic scope of such Directory Products within such Service Area(s); and (ii) beginning with the publication of any Directory Product that is printed or
otherwise distributed more than 15 months after the Change of Control or disposition transaction is consummated, the Verizon Successor may not brand any such Directory Product with the brand used by Verizon or any successor of Verizon (other than
the Verizon Successor) that is an incumbent local exchange carrier in the Service Areas in its capacity as the incumbent local exchange carrier in the Service Area(s) covered by such Directory Product. 
 (e) Nothing contained in this Agreement shall prohibit Verizon or any its Affiliates from acting as a sales agent or entering into a joint venture,
strategic alliance, product bundling, revenue sharing or similar relationship with an entity that is engaged in a Verizon Restricted Activity or any activity that would constitute a violation of the IYP Restrictions so long as Verizon or such
Affiliate (it being understood that no Person with which Verizon or any of its Affiliates enters into any relationship contemplated by this Section 2.3(e) shall be considered an Affiliate of Verizon or any of its Affiliates) is not itself
engaged in any activity in connection with such relationship that is a Verizon Restricted Activity or a violation of the IYP Restrictions. 
 (f) Nothing contained in this Agreement shall prohibit Verizon or any of its Affiliates from distributing in any Service Area or Independent Market a de minimis number of telephone directories that cover a geographic area that does not
include such Service Area. 
 (g) Except for the IYP Restrictions, nothing contained in this Agreement shall prohibit Verizon or any of its
Affiliates from providing, directly or indirectly, products and services of any kind, delivered or accessed through the internet, over the telephone network, via CATV system or any other similar methods of transmission, including products or
services that are available or accessible in the Publisher Region that contain 
  

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 searchable (e.g., by alphabet letter or category) multiple telephone listings and classified advertisements of Persons
doing business and located in the Publisher Region. 
 (h) Nothing contained in this Agreement shall prohibit Verizon or any of its
Affiliates from providing any tangible or intangible telephone directory product consisting principally of searchable (e.g., by alphabet letter or category of products or services) multiple wireless or mobile telephone listings and classified
advertisements. 
 (i) Nothing contained in this Agreement shall prohibit Verizon or any of its Affiliates from providing any “411”
or similar service that delivers information in the form of a voice response (live or automated), text message, web page link or download to a wireless or mobile telephone in response to a user-initiated request. 
 (j) The restrictions in Section 2.1 shall cease to apply to any Affiliate of Verizon at such time as such Affiliate is no longer an Affiliate of
Verizon or any successor of Verizon. 
 (k) Nothing contained in this Agreement shall prohibit any of Verizon, the Verizon Successor or any
of their respective Affiliates from holding and making passive investments in securities of any Person whose securities are publicly traded in a generally recognized market, provided that the equity interest of Verizon, the Verizon Successor
or such Affiliate therein does not exceed 40% of the outstanding shares or interests in such Person and Verizon, the Verizon Successor or such Affiliate does not have effective control of management or policies of such Person. 
 (l) Without limiting any restriction with respect to Verizon’s use of trademarks and trade names as set forth in the Intellectual Property
Agreement, Publisher acknowledges and agrees that none of Verizon, the Verizon Successor or any of their respective Affiliates shall be under any restrictions with respect to any Voice Portal Directory. 
 (m) Nothing contained in this Agreement shall restrict Verizon from making an acquisition of any business that engages in activities that would, if
engaged in by Verizon, constitute a violation of the restrictions contained in this Article II, so long as such activities account for less than 20% of the revenues of such business and, within two years of the date of such acquisition, Verizon
disposes of (including by means of a distribution to its stockholders or placing such business in trust for sale to a third-party) or otherwise ceases, and causes its Affiliates to cease, to engage in such activities, but only to the extent
conducted in the Service Areas. 
 (n) Nothing contained in this Agreement shall prohibit any Excluded Affiliate from providing any product
or services of any kind or nature, including products or services that would otherwise constitute Verizon Restricted Activities or violate the IYP Restrictions. 
 (o) The restrictions described in Section 2.1(b) shall not prevent Verizon or its Affiliates from: 
  

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 (i) making an acquisition of any business that engages in activities that would, if
engaged in by Verizon, constitute a violation of the restrictions contained in this Article II, so long as such activities account for less than 20% of the revenues of such business; 
 (ii) operating an Internet “White Pages” or similar product that contains listings of residential and business customers;

 (iii) delivering products and services over the Internet (e.g., video-on-demand, music downloads, games, software, portals,
web-sites); 
 (iv) operating an Internet shopping site or otherwise offering and selling products and services which may be
ordered over the Internet but are not delivered over the Internet; 
 (v) operating a web-site accessible by end users that
includes a search engine so long as the search engine results do not consist primarily of classified advertisements that are (A) paid for by advertisers and (B) contain more than a listing and a web-site link; 
 (vi) maintaining a web-site link or portal to a third party operated search engine so long as such third party operated search engine does
not exclusively consist of an IYP Directory Product, other than an IYP Directory Product of Publisher; 
 (vii) offering any
product or service through Verizon’s or its Affiliate’s “FIOS TV” service other than an IYP Directory Product; 
 (viii) continuing to offer, provide or sell any product or service of a type offered, provided or sold by Verizon or its Affiliates (other than Publisher or its subsidiaries) immediately prior to the Effective Time; and 
 (ix) offering, providing or selling any product or service under development(other than by Publisher or its subsidiaries) immediately
prior to the Effective Time, so long as such product or service is made available not more than three months after the Effective Time. 
 ARTICLE III 
 DISPUTE RESOLUTION 
 Section 3.1 Notice. Publisher shall promptly notify Verizon of any activity it believes violates or will violate any of its rights under Article II (a “Restricted Activity Notice”), which
Restricted Activity Notice shall indicate whether Publisher reasonably believes the alleged or threatened breach is capable of cure. Verizon shall respond in writing within 15 Business Days to any Restricted Activity Notice it receives, describing
any objection to the assertions set forth in such Restricted Activity Notice or, if such 
  

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 matters are not objected to, describing its intentions regarding the cure of such violation(s). 
 Section 3.2 Cure. If a breach or threatened breach of Verizon’s obligations under Article II is capable of cure (a “Remediable
Breach”), Verizon shall have 90 days after its receipt of a Restricted Activity Notice with respect to such Remediable Breach to cure such Remediable Breach (“Covenant Cure Period”); provided, however, that
such Covenant Cure Period shall be extended for such additional period of time as shall be reasonably necessary to permit Verizon to cure or cause to be cured such Remediable Breach if such Remediable Breach has not been remedied within the initial
Covenant Cure Period, so long as during the initial Covenant Cure Period Verizon diligently endeavors to cure or cause to be cured such Remediable Breach, and if such extension would not reasonably be expected to have a material adverse effect on
Publisher. If the existence of a Remediable Breach is disputed in good faith and a timely manner, but it is then determined pursuant to Section 3.3 that such Remediable Breach exists, Verizon shall then have 60 days from the date of such
determination (or such longer period as may be reasonably necessary to cure or caused to be cured such Remediable Breach as may be permitted on the same terms and conditions set forth in the proviso to the preceding sentence) to cure or caused to be
cured such Remediable Breach. 
 Section 3.3 Escalation. If there is any continuing objection or dispute in connection with a
Restricted Activity Notice following the Covenant Cure Period, if applicable, the Parties shall refer such dispute to a senior executive officer of each of Verizon and Publisher, who shall for 15 Business Days attempt in good faith to resolve such
dispute and determine the appropriate remedial action. 
 ARTICLE IV 
 REMEDIES AND ENFORCEMENT 
 Section 4.1 Injunctive Relief. Verizon
recognizes and agrees that a breach or threatened breach of any of its obligations under Article II would cause irreparable harm to Publisher and its Affiliates, that Publisher’s remedies at law in the event of such breach or threatened breach
would be inadequate. Accordingly, if Verizon fails to cure or cause to be cured any breach or threatened breach after notice thereof and, if applicable, expiration of the Covenant Cure Period (and any extension thereof as contemplated by
Section 3.2), a restraining order or injunction or both may be issued against Verizon, in addition to, and not in lieu of, any other right or remedy that may be available to Publisher, without posting any bond or other form of security and
without the necessity of proving actual damages. In connection with any such action or proceeding for injunctive relief, Verizon hereby agrees, to the maximum extent permitted by law, to have each provision of this Section 4.1 specifically
enforced against it, and consents to the entry of injunctive relief against it, enforcing or restraining any breach or threatened breach of its obligations under this Agreement. 
  

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 Section 4.2 Term and Termination. 
 (a) This Agreement shall become effective at the Effective Time and remain in effect until the 30th anniversary of the Effective Date, unless earlier terminated in whole or in part as provided herein; provided, however, that the restrictions in
Section 2.1 applicable to the Independent Markets will terminate on the 5th anniversary of the Effective Date
unless sooner terminated pursuant to Section 4.2(e) or any other provision of this Agreement. 
 (b) If the Publishing Agreement is
terminated in accordance with its terms, either Party may terminate this Agreement immediately. 
 (c) If the Publishing Agreement is
terminated with respect to one or more Service Areas pursuant to any of the provisions of Section 6.2 thereof, Verizon may terminate the restrictions under Article II with respect to such Service Area(s). 
 (d) If the Branding Agreement is terminated with respect to one or more Service Areas pursuant to Section 11(d)(v) thereof, Verizon may terminate
the restrictions under Article II with respect to such Service Area(s). 
 (e) The provisions of this Agreement will cease to apply to any
Independent Markets if any of Verizon or its Affiliates (i) becomes a LEC in such Independent Market by merger, acquisition of assets or stock or otherwise and is subject to Publishing Obligations with respect to such Independent Market, or
(ii) acquires a business not more than 20% of the revenues of which are derived from the publication of print telephone directories and such business publishes one or more telephone directories which are primarily distributed in such
Independent Market. 
 (f) If this Agreement is terminated with respect to one or more Independent Markets pursuant to Section 4.2(e),
Publisher’s rights under Section 2(b) of the Branding Agreement with respect to such Independent Market(s) shall terminate on the 18-month anniversary of such termination of this Agreement. 
 Section 4.3 Acknowledgments. Verizon expressly agrees that the duration, scope and geographic area of the restrictions set forth in each of
Article II are reasonable. Verizon acknowledges and agrees that the covenants and restrictions above are necessary, fundamental and required for the protection of Publisher’s business, that such covenants and restrictions relate to matters that
are of a special, unique and extraordinary value and that the Parties would not enter into the Distribution Agreement or the Publishing Agreement, or the transactions contemplated thereby, without the protection provided by this Agreement.

 Section 4.4 Enforcement. The covenants set forth in Article II shall be construed as divided in separate and distinct
covenants with respect to each jurisdiction. If any provision or covenant in this Agreement is more restrictive than permitted by the laws of any jurisdiction in which either Party seeks enforcement hereof, such provision shall be limited to the
extent required to permit enforcement under such laws. If, in any proceeding, a court or arbitral panel refuses to enforce any of the separate covenants 
  

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 contained herein, then such unenforceable covenant shall be deemed eliminated from this Agreement for the purpose of
those proceedings to the extent necessary to permit the remaining separate covenants to be enforced. If the provisions of this Agreement are ever deemed to exceed the duration, geographical limitations or scope permitted by applicable law, then such
provisions shall be reformed to the maximum time or geographic limitations in scope, as the case may be, permitted by applicable law. 
 ARTICLE V 
 MISCELLANEOUS 
 Section 5.1 Confidentiality. Each Party may disclose to the other Confidential Information. Each Party agrees to keep Confidential Information of the other Party confidential, and not to disclose such information to any third
Party, except to those of its employees, subcontractors, consultants and agents with a need to know such Confidential Information solely for the purpose of performing the receiving Party’s obligations under this Agreement and the other
Commercial Agreements and as otherwise permitted under this Agreement and the other Commercial Agreements; provided, that any such employees, subcontractors, consultants or agents shall first be informed by the recipient Party of the
confidential nature of the Confidential Information and agree to be bound by confidentiality terms no less restrictive than those set forth herein. The recipient of Confidential Information may use the Confidential Information and make copies of
Confidential Information only as reasonably necessary to perform its obligations under this Agreement and the other Commercial Agreements and as otherwise permitted under this Agreement and the other Commercial Agreements. All such copies will be
subject to the same restrictions and protections as the original. Each Party will safeguard such Confidential Information from unauthorized use or disclosure with at least the same degree of care with which the recipient Party safeguards its own
Confidential Information. The recipient Party will be responsible for any breach of the obligations set forth herein by the recipient’s employees, subcontractors, consultants or agents. Confidential Information belonging to a Party that is in
the possession of the other Party will be returned, or destroyed at the disclosing Party’s request, within 30 days after a written request is delivered to the recipient, including any copies made by the recipient Party. If either Party loses or
makes an unauthorized disclosure of the other Party’s Confidential Information, it will notify such other Party immediately and use commercially reasonable efforts to retrieve the lost or wrongfully disclosed information. A Party may disclose
Confidential Information which is required to be disclosed by law, a court of competent jurisdiction or governmental or administrative agency so long as the disclosing Party has been notified of the requirement promptly after the receiving Party
becomes aware of the requirement and so long as the receiving Party undertakes all lawful measures to avoid disclosing such information until the disclosing Party has had reasonable time to seek a protective order and complies with any protective
order that covers the Confidential Information to be disclosed. 
 Section 5.2 Further Assurances. Each Party shall take such
other actions as any other Party may reasonably request or as may be necessary or appropriate to consummate 
  

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 or implement the transactions contemplated by this Agreement or to evidence such events or matters. 
 Section 5.3 No Agency. Nothing in this Agreement, and no action of or inaction by any of the Parties, shall be deemed or construed to
constitute an agency relationship between the Parties. Each Party is acting independently of the other and neither Party has the authority to act on behalf of or bind the other Party. 
 Section 5.4 Governing Law; Service of Process; Jurisdiction. This Agreement and the legal relations between the parties hereto shall be
governed by and construed in accordance with the laws of the State of New York, without regard to the conflict of laws rules thereof to the extent such rules would require the application of the law of another jurisdiction. The state or federal
courts located within the City of New York shall have exclusive jurisdiction over any and all disputes between the parties hereto, whether in law or equity, arising out of or relating to this agreement and the agreements, instruments and documents
contemplated hereby and the parties consent to and agree to submit to the exclusive jurisdiction of such courts. Each of the Parties hereby waives and agrees not to assert in any such dispute, to the fullest extent permitted by applicable law, any
claim that (i) such Party is not personally subject to the jurisdiction of such courts, (ii) such party and such Party’s property is immune from any legal process issued by such courts or (iii) any litigation or other proceeding
commenced in such courts is brought in an inconvenient forum. The Parties hereby agree that mailing of process or other papers in connection with any such action or proceeding in the manner provided in Section 5.8, or in such other manner as
may be permitted by law, shall be valid and sufficient service thereof and hereby waive any objections to service accomplished in the manner herein provided. 
 Section 5.5 Waiver of Jury Trial. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING
OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER RELATED DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
 Section 5.6
Amendments; Waivers. Except as expressly provided herein, this Agreement and any attached schedule may be amended only by agreement in writing of all Parties. No waiver of any provision nor consent to any exception to the terms of this
Agreement shall be effective unless in writing and signed by all Parties and then only to the specific purpose, extent and instance so provided. No failure on the part of any Party to exercise or delay in exercising any right hereunder shall be
deemed a waiver thereof, nor shall any single or partial exercise preclude any further or other exercise of such or any other right. 
 Section 5.7 No Assignment. Neither this Agreement nor any rights or obligations hereunder are assignable by one Party without the express prior written consent of the other Party; provided, however, that:

  

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 (i) either Party may assign this Agreement upon written notice to the other Party to any
of its Affiliates without the consent of the other Party if the assigning Party requires such Affiliate to agree in writing to assume this Agreement and the assigning Party remains liable for its obligations under each such agreement; 
 (ii) a Change of Control of either Party shall not be deemed to be an assignment of this Agreement, provided that if the relevant
Party is no longer directly bound as a Party to this Agreement (e.g., because the Change of Control is a sale or transfer of assets or is the result of a transaction pursuant to which the successor, surviving or acquiring entity does not
automatically succeed to the obligations of such Party by operation of law), the successor, surviving or acquiring entity shall agree in writing (in form and substance reasonably satisfactory to the other Party) to assume this Agreement; and

 (iii) Publisher may assign this Agreement as to the Primary Directories with respect to any Service Areas to any Person
(other than an Affiliate of Publisher), provided that such Person shall agree in writing (in form and substance reasonably satisfactory to Verizon) to assume this Agreement to the extent of the relevant Service Area(s) and Verizon consents in
writing to such assignment (such consent to not be unreasonably withheld). 
 Section 5.8 Notices. All notices, demands and other
communications to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given: (i) immediately when personally delivered; (ii) when received by first class mail,
return receipt requested; (iii) one day after being sent by Federal Express or other overnight delivery service; or (iv) when receipt is acknowledged, either electronically or otherwise, if sent by facsimile, telecopy or other electronic
transmission device. Notices, demands and communications to the other Party shall, unless another address is specified by such Party in writing, be sent to the address indicated on Schedule 5.8, as such Schedule may be amended with respect to a
party from time to time by such party by written notice to the other party. 
 Section 5.9 Entire Agreement. This Agreement,
including any schedules attached hereto, and the Commercial Agreements constitute the entire agreement between the Parties pertaining to the subject matter hereof and supersedes all prior agreements and understandings of the Parties in connection
therewith. 
 Section 5.10 Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, to achieve the intent of the Parties. All other provisions of this Agreement shall be deemed valid and enforceable to the extent possible. 
 Section 5.11 Headings. The descriptive headings of the Articles, Sections and subsections of this Agreement are for convenience only and do
not constitute a part of this Agreement. 
  

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 Section 5.12 Counterparts. This Agreement and any amendment hereto or any other agreement
delivered pursuant hereto may be executed in one or more counterparts and by different Parties in separate counterparts. All counterparts shall constitute one and the same agreement and shall become effective when one or more counterparts have been
signed by each Party and delivered to the other Party. 
 Section 5.13 Successors and Assigns; No Third Party Beneficiaries. This
Agreement is binding upon and shall inure to the benefit of each Party and their respective successors or assigns, and nothing in this Agreement, express or implied, is intended to confer upon any other Person or Governmental Entity any rights or
remedies of any nature whatsoever under or by reason of this Agreement. 
 Section 5.14 Representation by Counsel;
Interpretation. Each Party acknowledges that it has been represented by counsel in connection with this Agreement. Accordingly, any rule of law or any legal decision that would require interpretation of any claimed ambiguities in this Agreement
against the Party that drafted it has no application and is expressly waived. The provisions of this Agreement shall be interpreted in a reasonable manner to effect the intent of the Parties. 
 [Signature Page Follows] 
  

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 IN WITNESS WHEREOF, each of the Parties has caused this Agreement to be executed by its duly authorized
officers as of the day and year first above written. 
  

			
	VERIZON COMMUNICATIONS INC.
		
	By:	 	 /s/ John W. Diercksen
  

	Name:	 	John W. Diercksen
	Title:	 	Executive Vice President
	
	IDEARC MEDIA CORP.
		
	By:	 	 /s/ Katherine J. Harless
  

	Name:	 	Katherine J. Harless
	Title:	 	President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}]]