Document:

Consent Agreement, dated as of June 26, 2006...relating to the 10-1/4% Notes

 Exhibit 10.1 
 CONSENT AGREEMENT 
 Consent Agreement, dated as of June 26, 2006 (this
“Agreement”), by and among American Media Operations, Inc. (the “Company”) and each of the parties listed on the signature page hereto (each a “Bondholder”, and collectively, the
“Bondholders”), relating to certain proposed amendments to the Indenture, dated as of February 14, 2002, as supplemented by the First Supplemental Indenture, dated as of December 30, 2002, the Second Supplemental
Indenture, dated as of January 23, 2003, and the Third Supplemental Indenture, dated as of March 17, 2006 (as amended and supplemented, the “Indenture”), among the Company, the guarantors named therein (the “Note
Guarantors”) and HSBC Bank USA, National Association (as successor in interest to JPMorgan Chase Bank, N.A.), a national banking association, as trustee (the “Trustee”). 
 WHEREAS, each Bondholder beneficially owns the aggregate principal amount of the Company’s 10 1/4% Series B Senior Subordinated Notes due 2009 (the “Notes”) set forth opposite its name on Annex A hereto (such Notes being
collectively referred to herein as the “Subject Notes”); 
 WHEREAS, the Company has publicly announced that it needs
to restate its financial statements (the “Restatement”) and, as a result, may be unable to timely satisfy its reporting obligations with respect to its quarterly report on Form 10-Q for the quarter ended December 31, 2005, its
annual report on Form 10-K for the year ended March 31, 2006 and its quarterly report on Form 10-Q for the quarter ended June 30, 2006, in each case pursuant to Section 4.02 of the Indenture; 
 WHEREAS, Section 9.02 of the Indenture provides that the Company, the Note Guarantors and the Trustee may amend the Indenture or the Notes
outstanding thereunder with the written consent of the Holders of at least a majority in principal amount of the Notes then outstanding; 
 WHEREAS, the Bondholders and the Company desire to enter into this Agreement to provide for, among other things, the consent of the Bondholders to the proposed amendments (the “Proposed Amendments”) to the Indenture, as set
forth in the Fourth Supplemental Indenture attached hereto as Annex B (the “Supplemental Indenture”), among the Company, the Note Guarantors and the Trustee; and 
 WHEREAS, as a condition to the willingness of the Company to enter into the Supplemental Indenture, the Company has required that the Bondholders enter
into this Agreement. 
 NOW, THEREFORE, to induce the Company to enter into, and in consideration of the Company’s entering into, the
Supplemental Indenture and in consideration of the premises and the representations, warranties and agreements contained herein, the parties hereto agree as follows: 
 1. Covenants of the Company. The Company agrees as follows: 
 (a) Supplemental
Indenture. On the Effectiveness Date (as defined below), the Company shall execute and deliver the Supplemental Indenture to the Trustee and shall use its reasonable best efforts to cause the Trustee to execute the Supplemental Indenture.

 (b) Consent Fee. Within five (5) business days of the Effectiveness Date, the
Company shall pay, in cash, to all Holders of the Notes an amount equal to $2.50 per $1,000 principal amount of Notes (the “Fee”) held by such Holder on June 20, 2006 (the “Record Date”). No accrued interest
will be paid on the Fee. 
 (c) Form 8-K. The Company shall execute and file with the Securities and Exchange
Commission (the “SEC”) a Form 8-K describing the transactions contemplated hereby, including as exhibits a copy of this Agreement (excluding all Annexes hereto) and the Supplemental Indenture, within one (1) business day of the
Effectiveness Date. 
 2. Covenants of the Bondholders. Each Bondholder, severally and not jointly, agrees as follows:

 (a) Consent of Subject Notes. Each Bondholder hereby (i) approves, ratifies, confirms and consents to, in all
respects, the Proposed Amendments and (ii) directs the Trustee to execute and deliver the Supplemental Indenture. Such Bondholder shall not withdraw or revoke (or cause to be withdrawn or revoked) such approval, ratification, confirmation or
consent or other approval in connection with the Proposed Amendments unless and until such consent is revoked in accordance with Section 5 hereof. 
 3. Representations and Warranties of the Company. The Company hereby represents and warrants to the Bondholders as of the date hereof as follows: 
 (a) Due Organization. The Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of
its organization. 
 (b) Due Authorization; Binding Agreement. The Company has full right, power and authority to
execute and deliver this Agreement and to consummate the transactions contemplated hereby. This Agreement has been duly and validly authorized, executed and delivered by the Company and (assuming due authorization, execution and delivery by the
Bondholders) constitutes the valid and binding obligation of the Company enforceable against the Company in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other
similar laws relating to or affecting creditors’ rights generally, and general equitable principles (whether considered in a proceeding in equity or at law). 
 (c) No Conflicts. None of the execution and delivery of this Agreement by the Company, the consummation of the transactions
contemplated hereby and compliance with the terms hereof by the Company will conflict with, result in any breach or violation of, or default (or an event which, with notice or lapse of time, or both, would constitute a default) under the
Company’s certificate of incorporation, bylaws or other governing instruments, any material contractual obligation to which the Company is a party or any 

  

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provision of any law, order, rule or regulation applicable to the Company, except for any such conflicts, violations, defaults or other occurrences that
would not have a material adverse effect on the condition (financial or otherwise) of the Company or prevent, delay or impede the performance by the Company of its obligations under this Agreement. No filing (other than a Form 8-K) with, and no
permit, authorization, consent or approval of, any United States court or governmental agency or body or any other entity is necessary for the execution of this Agreement by the Company and the consummation by the Company of the transactions
contemplated hereby, except where the failure to make such filing or to obtain such permit, authorization, consent or approval would not prevent, delay or impede the performance by the Company of its obligations under this Agreement. 
 (d) Litigation. There is no action, suit, investigation, complaint or other proceeding pending against the Company or, to the
knowledge of the Company, threatened against the Company or any other person or entity that restricts in any material respect or prohibits (or, if successful, would restrict or prohibit) the exercise by any party or beneficiary of its rights under
this Agreement or the performance by any party of its obligations under this Agreement. 
 4. Representations and Warranties of the
Bondholders. Each Bondholder hereby, severally and not jointly, represents and warrants to the Company as of the date hereof as follows: 
 (a) Due Organization. If other than a natural person, such Bondholder is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and has all requisite
corporate, partnership or other power and authority to enter into this Agreement and to consummate the transactions contemplated by, and perform its respective obligations under, this Agreement. 
 (b) Due Authorization; Binding Agreement. Such Bondholder has full right, power and authority to execute and deliver this Agreement
and to consummate the transactions contemplated hereby. This Agreement has been duly and validly authorized, executed and delivered by such Bondholder and (assuming due authorization, execution and delivery by the Company) constitutes the valid and
binding obligation of such Bondholder enforceable against such Bondholder in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or
affecting creditors’ rights generally, and general equitable principles (whether considered in a proceeding in equity or at law). 
 (c) No Conflicts. None of the execution and delivery of this Agreement by such Bondholder, the consummation of the transactions contemplated hereby and compliance with the terms hereof by such Bondholder will
conflict with, result in any breach or violation of, or default (or an event which, with notice or lapse of time, or both, would constitute a default) under such Bondholder’s certificate of incorporation, bylaws or other governing instruments,
any material contractual obligation to which such Bondholder is a party or any provision of any law, order, rule or regulation applicable to such Bondholder, except for any such conflicts, violations, defaults or other occurrences 

  

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that would not have a material adverse effect on the condition (financial or otherwise) of such Bondholder or prevent, delay or impede the performance by
such Bondholder of its obligations under this Agreement. No trust of which such Bondholder is a trustee requires the consent of any beneficiary to the execution and delivery of this Agreement or to the consummation of the transactions contemplated
hereby. No filing with, and no permit, authorization, consent or approval of, any United States court or governmental agency or body or any other entity is necessary for the execution of this Agreement by such Bondholder and the consummation by such
Bondholder of the transactions contemplated hereby, except where the failure to make such filing or to obtain such permit, authorization, consent or approval would not prevent, delay or impede the performance by such Bondholder of its obligations
under this Agreement. 
 (d) Ownership of the Subject Notes. On the Record Date, such Bondholder was and on the date
hereof, the Bondholder is, the beneficial owner of the aggregate principal amount of Notes set forth opposite its name on Annex A hereto (held through the DTC Participant listed on such Annex A). Such Bondholder does not own,
beneficially or of record, any Notes of the Company or securities convertible or exchangeable for Notes of the Company other than as set forth on Annex A hereto. Such Bondholder has the sole right and power to vote and dispose of the Subject
Notes, and none of such Subject Notes is subject to any voting trust or other agreement, arrangement or restriction with respect to the voting or transfer of any of the Subject Notes, except for this Agreement. 
 (e) Litigation. There is no action, suit, investigation, complaint or other proceeding pending against such Bondholder or, to the
knowledge of such Bondholder, threatened against such Bondholder or any other person or entity that restricts in any material respect or prohibits (or, if successful, would restrict or prohibit) the exercise by any party or beneficiary of its rights
under this Agreement or the performance by any party of its obligations under this Agreement. 
 (f) Information. Such
Bondholder has reviewed, or has had the opportunity to review, with the assistance of professional and legal advisors of its choosing, sufficient information (including all documents filed or furnished to the Securities and Exchange Commission by
the Company) and has had sufficient access to the Company necessary for such Bondholder to decide to grant its approval, ratification, confirmation and consent to the Proposed Amendments. Such Bondholder acknowledges that the financial statements of
the Company are subject to the Restatement, and has granted its approval, ratification, confirmation and consent to the Proposed Amendments with full knowledge of the pending Restatement. 
 5. Revocation of Consents. The consent granted pursuant to Section 2 hereof shall become null and void and have no further effect if the
Supplemental Indenture is not executed by the Company and delivered to the Trustee on the Effectiveness Date. Nothing in this Section 5 shall relieve any party of liability for breach of this Agreement. 
  

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 6. General Provisions. 
 (a) Effectiveness of this Agreement. The obligations of the Company pursuant to Section 1 hereof shall become effective on the
date (the “ Effectiveness Date”) the Company receives (i) the consent to the Proposed Amendments of the holders of not less than a majority of the aggregate principal amount of outstanding Notes and (ii) the consent of the
holders of not less than a majority of the aggregate principal amount of the Company’s outstanding 8 7/8%
Senior Subordinated Notes due 2011 (the “2011 Notes”) to amendments to the indenture pursuant to which the 2011 Notes were issued substantially similar to the Proposed Amendments, and, in each case, on such date the holders of the
Notes and the 2011 Notes shall no longer have the right to revoke such consent except in accordance with Section 5 hereof. 
 (b) Amendments, etc. No amendment, modification, termination, or waiver of any provision of this Agreement, and no consent to any departure by any of the Bondholders or the Company from any provision of this
Agreement, shall be effective unless it shall be in writing and signed and delivered by all the Bondholders party hereto and the Company, and then it shall be effective only in the specific instance and for the specific purpose for which it is
given. 
 (c) Disclosure. Each Bondholder hereby consents to public disclosure, including in a press release and a Form
8-K to be filed with the SEC, of the identity of such Bondholder, the aggregate principal amount of Notes that will be bound by this Agreement and the nature of its commitments, arrangements and understandings pursuant to this Agreement. Each
Bondholder agrees that it shall not make any public announcement or public disclosure regarding this Agreement or the transactions contemplated herein (except to the extent required by applicable law or legal process) without the prior written
consent of the Company. 
 (d) Confidentiality. The Company shall, and shall cause its affiliates to, keep the
principal amount of Notes beneficially owned by each Bondholder party hereto strictly confidential; provided, however, that (i) the aggregate principal amount of Notes beneficially owned by the Bondholders party hereto may be disclosed and
(ii) the principal amount of Notes beneficially owned by any Bondholder may only be disclosed (A) with the written consent of such Bondholder; (B) to affiliates, directors, officers, employees and agents of the Company, including
legal counsel, the Trustee and other persons reasonably required in order to enter into the Supplemental Indenture, (C) to the extent required by law, including securities laws, or by subpoena or similar legal process, provided, if appropriate,
that the non-disclosing parties have been given an opportunity to defend, limit or protect such disclosure, (D) in connection with any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder or (E) to
the extent such terms (x) become publicly available other than as a result of a breach of this Section 6(d) or (y) become available to the disclosing party on a non-confidential basis from a source other than the non-disclosing
parties. 
 (e) Notice. All notices and other communications hereunder shall be in writing and shall be deemed given if
delivered personally, telecopied (with confirmation), mailed by registered or certified mail (return receipt requested) or delivered by an express courier (with confirmation) to the Company at 1000 American Media Way, Boca Raton, 

  

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Florida 33464, Attention: Chief Financial Officer, Telephone: (561) 997-7733, Facsimile: (561) 998-7492, with a copy to Ken Wallach at Simpson
Thacher & Bartlett LLP, 425 Lexington Avenue, New York, New York 10017, Telephone (212) 455-2000, Facsimile: (212) 455-2502, and to each Bondholder at the address set forth under such Bondholder’s name in Annex A
hereto (or at such other address for a party as shall be specified by like notice). 
 (f) Severability. Any term or
provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and
provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any other jurisdiction. 
 (g) Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. 
 (h) Entire Agreement. This Agreement embodies the entire agreement and understanding of the Bondholders and the Company, and
supersedes all prior agreements or understandings, with respect to the subject matter of this Agreement. Notwithstanding the foregoing, capitalized terms used but not defined in this Agreement have the meanings assigned to such terms in the
Indenture. 
 (i) Specific Performance; Enforcement. Each of the parties hereto recognizes and acknowledges that a
breach by it of any covenants or agreements contained in this Agreement will cause the other party to sustain damages for which it would not have an adequate remedy at law for money damages, and therefore, each of the parties hereto agrees that in
the event of any such breach the aggrieved party shall be entitled to the remedy of specific performance of such covenants and agreements and injunctive and other equitable relief in addition to any other remedy to which it may be entitled, at law
or in equity. The parties agree that they shall be entitled to enforce specifically the terms and provisions of this Agreement in the courts of the State of New York and any Federal court, sitting in the state of New York, this being in addition to
any other remedy to which they are entitled at law or in equity. In addition, each of the parties hereto (i) consents to submit such party to the personal jurisdiction of any Federal court located in the State of New York or any New York state
court in the event any dispute arises out of this Agreement or any of the transactions contemplated hereby, (ii) agrees that such party will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any
such court, (iii) agrees that such party will not bring any action relating to this Agreement or the transactions contemplated hereby in any court other than a Federal court sitting in the state of New York or a New York state court and
(iv) waives any right to trial by jury with respect to any claim or proceeding related to or arising out of this Agreement or any of the transactions contemplated hereby. 
 (j) Counterparts; Facsimile. This Agreement may be executed in counterparts, all of which shall be considered one and the same
agreement, and shall become effective when counterparts have been signed by each of the parties and 

  

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delivered to the other parties, it being understood that all parties need not sign the same counterpart. This Agreement may be executed by facsimile
signatures of the parties hereto. 
 [Signature page follows] 
  

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 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as of the date first written above. 
  

					
	 AMERICAN MEDIA OPERATIONS, INC.

		
	By:	 	 /s/ Michael Kahane

		 	 Name:
	 	 Michael Kahane

		 	 Title:
	 	Executive Vice President, General Counsel & Secretary
	
	Aegon USA
	
	PEOPLES BENEFIT LIFE INSURANCE COMPANY
		
	By:	 	 /s/ James K. Schaeffer, Jr.

		 	 Name:
	 	 James K. Schaeffer, Jr.

		 	 Title:
	 	Vice President
	
	TRANSAMERICA LIFE INSURANCE COMPANY
		
	By:	 	 /s/ James K. Schaeffer, Jr.

		 	 Name:
	 	 James K. Schaeffer, Jr.

		 	 Title:
	 	Vice President
	
	Airlie Opportunity Capital Management LP
	
	AIRLIE OPPORTUNITY MASTER FUND, LTD.
		
	By:	 	AIRLIE OPPORTUNITY CAPITAL MANAGEMENT L.P., AS INVESTMENT ADVISORS
		
	By:	 	 /s/ Brendan Driscoll

		 	 Name:
	 	 Brendan Driscoll

		 	 Title:
	 	Chief Financial Officer

					
	WILSHIRE AIRLIE MASTER FUND SPC FOR AND ON BEHALF OF AIRLIE OPPORTUNITY SEGREGATED PORTFOLIO
		
	By:	 	AIRLIE OPPORTUNITY CAPITAL MANAGEMENT, L.P., AS INVESTMENT ADVISORS
		
	By:	 	 /s/ Brendan Driscoll

		 	 Name:
	 	 Brendan Driscoll

		 	 Title:
	 	Chief Financial Officer
	
	AllianceBernstein
	
	ACM GLOBAL INVESTMENT – US HIGH YIELD PORTFOLIO
		
	By:	 	 /s/ Gershon Distenfeld

		 	 Name:
	 	 Gershon Distenfeld

		 	 Title:
	 	Vice President
	
	ALLIANCE HIGH YIELD OPEN TRUST
		
	By:	 	 /s/ Gershon Distenfeld

		 	 Name:
	 	 Gershon Distenfeld

		 	 Title:
	 	Vice President
	
	ALLIANCEBERNSTEIN POOLING PORTFOLIOS – ALLIANCEBERNSTEIN HIGH-YIELD PORTFOLIO
		
	By:	 	 /s/ Gershon Distenfeld

		 	 Name:
	 	 Gershon Distenfeld

		 	 Title:
	 	Vice President
	
	ALLIANCEBERNSTEIN VARIABLE PRODUCT SERIES FUND – HIGH YIELD PORTFOLIO
		
	By:	 	 /s/ Gershon Distenfeld

		 	 Name:
	 	 Gershon Distenfeld

		 	 Title:
	 	Vice President

					
	 DAIMLERCHRYSLER PENSION TRUST E.V.,
 as Investment Advisor

		
	By:	 	 /s/ Gershon Distenfeld

		 	 Name:
	 	 Gershon Distenfeld

		 	 Title:
	 	Vice President
	
	Capital Guardian Trust Company
	
	 CIF GLOBAL HIGH YIELD FUND

		
	By:	 	 /s/ Mark Brubaker

		 	 Name:
	 	 Mark Brubaker

		 	 Title:
	 	Vice President
	
	 GLOBAL HIGH YIELD FIXED INCOME FUND

		
	By:	 	 /s/ Mark Brubaker

		 	 Name:
	 	 Mark Brubaker

		 	 Title:
	 	Vice President
	
	 QUALCOMM, INC

		
	By:	 	 /s/ Mark Brubaker

		 	 Name:
	 	 Mark Brubaker

		 	 Title:
	 	Vice President
	
	 ROBERT BOSCH GMBH

		
	By:	 	 /s/ Mark Brubaker

		 	 Name:
	 	 Mark Brubaker

		 	 Title:
	 	Vice President
	
	U.S. HIGH YIELD FIXED INCOME MASTER FUND
		
	By:	 	 /s/ Mark Brubaker

		 	 Name:
	 	 Mark Brubaker

		 	 Title:
	 	Vice President

					
	Capital International Limited
	
	 PFA PENSION

		
	By:	 	 /s/ Katie Lunday

		 	 Name:
	 	 Katie Lunday

		 	 Title:
	 	Senior Vice President
	
	Capital Research and Management Company
	
	AMERICAN FUNDS INSURANCE SERIES - ASSET ALLOCATION FUND
		
	By:	 	 /s/ Abner Goldstine

		 	 Name:
	 	 Abner Goldstine

		 	 Title:
	 	Senior Vice President
	
	AMERICAN FUNDS INSURANCE SERIES – HIGH-INCOME BOND FUND
		
	By:	 	 /s/ Abner Goldstine

		 	 Name:
	 	 Abner Goldstine

		 	 Title:
	 	Senior Vice President
	
	AMERICAN HIGH INCOME TRUST
		
	By:	 	 /s/ Abner Goldstine

		 	 Name:
	 	 Abner Goldstine

		 	 Title:
	 	Senior Vice President
	
	CAPITAL WORLD BOND FUND, INC.
		
	By:	 	 /s/ Abner Goldstine

		 	 Name:
	 	 Abner Goldstine

		 	 Title:
	 	Senior Vice President
	
	THE BOND FUND OF AMERICA, INC.
		
	By:	 	 /s/ Abner Goldstine

		 	 Name:
	 	 Abner Goldstine

		 	 Title:
	 	Senior Vice President

					
	THE INCOME FUND OF AMERICA, INC.
		
	By:	 	 /s/ Abner Goldstine

		 	 Name:
	 	 Abner Goldstine

		 	 Title:
	 	Senior Vice President
	
	Chatham Asset High Yield Master Fund, Ltd.
	
	CHATHAM ASSET HIGH YIELD MASTER FUND, LTD.
		
	By:	 	Chatham Asset Management, LLC Investment Advisor
		
	By:	 	 /s/ Anthony Melchiorre

		 	 Name:
	 	 Anthony Melchiorre

		 	 Title:
	 	Managing Member
	
	Credit Suisse Securities (USA) LLC
	
	CREDIT SUISSE SECURITIES (USA) LLC
		
	By:	 	 /s/ Teri La Barbera

		 	 Name:
	 	 Teri La Barbera

		 	 Title:
	 	Vice President
	
	Eaton Vance Management
	
	BOSTON INCOME PORTFOLIO
		
	By:	 	Eaton Vance Management, as investment advisors
		
	By:	 	 /s/ Michael Weilheimer

		 	 Name:
	 	 Michael Weilheimer

		 	 Title:
	 	Vice President

					
	CALIFORNIA CORRECTIONAL PEACE OFFICER’S
		
	By:	 	Eaton Vance Management, as investment advisors
		
	By:	 	 /s/ Michael Weilheimer

		 	 Name:
	 	 Michael Weilheimer

		 	 Title:
	 	Vice President
	
	DIVERSIFIED INVESTORS HIGH YIELD BOND FUND
		
	By:	 	Eaton Vance Management, as investment advisors
		
	By:	 	 /s/ Michael Weilheimer

		 	 Name:
	 	 Michael Weilheimer

		 	 Title:
	 	Vice President
	
	EATON VANCE FLOATING RATE INCOME TRUST
		
	By:	 	Eaton Vance Management, as investment advisors
		
	By:	 	 /s/ Michael Weilheimer

		 	 Name:
	 	 Michael Weilheimer

		 	 Title:
	 	Vice President
	
	EATON VANCE LIMITED DURATION INCOME FUND
		
	By:	 	Eaton Vance Management, as investment advisors
		
	By:	 	 /s/ Michael Weilheimer

		 	 Name:
	 	 Michael Weilheimer

		 	 Title:
	 	Vice President

					
	EATON VANCE SENIOR FLOATING RATE TRUST
		
	By:	 	Eaton Vance Management, as investment advisors
		
	By:	 	 /s/ Michael Weilheimer

		 	 Name:
	 	 Michael Weilheimer

		 	 Title:
	 	Vice President
	
	EATON VANCE SENIOR INCOME TRUST
		
	By:	 	Eaton Vance Management, as investment advisors
		
	By:	 	 /s/ Michael Weilheimer

		 	 Name:
	 	 Michael Weilheimer

		 	 Title:
	 	Vice President
	
	HALLMARK CARDS MASTER TRUST
		
	By:	 	Eaton Vance Management, as investment advisors
		
	By:	 	 /s/ Michael Weilheimer

		 	 Name:
	 	 Michael Weilheimer

		 	 Title:
	 	Vice President
	
	HIGH INCOME PORTFOLIO
		
	By:	 	Eaton Vance Management, as investment advisors
		
	By:	 	 /s/ Michael Weilheimer

		 	 Name:
	 	 Michael Weilheimer

		 	 Title:
	 	Vice President
	
	RWDSU LOCAL 338 RETIREMENT
		
	By:	 	Eaton Vance Management, as investment advisors
		
	By:	 	 /s/ Michael Weilheimer

		 	 Name:
	 	 Michael Weilheimer

		 	 Title:
	 	Vice President

					
	SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY
		
	By:	 	Eaton Vance Management, as investment advisors
		
	By:	 	 /s/ Michael Weilheimer

		 	 Name:
	 	 Michael Weilheimer

		 	 Title:
	 	Vice President
	
	VOLKSWAGEN OF AMERICA, INC. SALARIED EATON VANCE MANAGEMENT
		
	By:	 	Eaton Vance Management, as investment advisors
		
	By:	 	 /s/ Michael Weilheimer

		 	 Name:
	 	 Michael Weilheimer

		 	 Title:
	 	Vice President
	
	Evergreen Investment Management Company
	
	EVERGREEN INCOME ADVANTAGE FUND
		
	By:	 	 /s/ Raphael A. Leeman

		 	 Name:
	 	 Raphael A. Leeman

		 	 Title:
	 	Senior Research Analyst
	
	EVERGREEN MANAGED INCOME FUND
		
	By:	 	 /s/ Raphael A. Leeman

		 	 Name:
	 	 Raphael A. Leeman

		 	 Title:
	 	Senior Research Analyst
	
	EVERGREEN STRATEGIC INCOME FUND
		
	By:	 	 /s/ Raphael A. Leeman

		 	 Name:
	 	 Raphael A. Leeman

		 	 Title:
	 	Senior Research Analyst
	
	EVERGREEN VARIABLE ANNUITY STRATEGIC INCOME FUND
		
	By:	 	 /s/ Raphael A. Leeman

		 	 Name:
	 	 Raphael A. Leeman

		 	 Title:
	 	Senior Research Analyst

					
	SENTINEL CAPITAL MARKETS FUND
		
	By:	 	 /s/ Raphael A. Leeman

		 	 Name:
	 	 Raphael A. Leeman

		 	 Title:
	 	Senior Research Analyst
	
	JPMorgan Securities, Inc.
	
	JPMORGAN SECURITIES, INC.
		
	By:	 	 /s/ Samuel Reid

		 	 Name:
	 	 Samuel Reid

		 	 Title:
	 	Associate
	
	Muzinich & Company, Inc.
	
	AMERICAYIELD FUND
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	Chief Financial Officer
	
	DBX-HIGH YIELD 1 FUND (MUZINICH)
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	Chief Financial Officer
	
	EUROMOBILIARE INTERNATIONAL FUND HIGH YIELD
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	Chief Financial Officer
	
	HEDGEYIELD LTD.
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	Chief Financial Officer
	
	HPK US ZINS 1
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	Chief Financial Officer

					
	IMPERIAL CHEMICAL INDUSTRIES PENSION FUND
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	Chief Financial Officer
	
	LYXOR/MUZINICH HEDGEYIELD LIMITED
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	Chief Financial Officer
	
	P.A.R.A.D.I.S.O. TRUST S.A.
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	Chief Financial Officer
	
	PENATES A, LTD.
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	Chief Financial Officer
	
	SCANDINAVIAN TRUST S.A.
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	Chief Financial Officer
	
	SEB INVEST INSTITUTIONAL HIGH YIELD
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	Chief Financial Officer
	
	SEB INSTITUTIONAL HIGH-YIELD BONDS
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	Chief Financial Officer

					
	SKANDIA HIGH YIELD FUND
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	Chief Financial Officer
	
	TRANSATLANTICYIELD FUND
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	Chief Financial Officer
	
	Post Advisory Group, LLC
	
	AXA PREMIER VIP HIGH YIELD BOND PORTFOLIO, A SERIES OF THE AXA PREMIER VIP TRUST
		
	By:	 	 Post Advisory Group, as Authorized Agent

		
	By:	 	 /s/ Lawrence A. Post

		 	 Name:
	 	 Lawrence A. Post

		 	 Title:
	 	Chief Investment Officer
	
	CMS ENERGY CORPORATION
		
	By:	 	 Post Advisory Group, as Authorized Agent

		
	By:	 	 /s/ Lawrence A. Post

		 	 Name:
	 	 Lawrence A. Post

		 	 Title:
	 	Chief Investment Officer

					
	CALIFORNIA STATE TEACHERS’ RETIREMENT SYSTEM
		
	By:	 	 Post Advisory Group, as Authorized Agent

		
	By:	 	 /s/ Lawrence A. Post

		 	 Name:
	 	 Lawrence A. Post

		 	 Title:
	 	Chief Investment Officer
	
	IOWA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM
		
	By:	 	 Post Advisory Group, as Authorized Agent

		
	By:	 	 /s/ Lawrence A. Post

		 	 Name:
	 	 Lawrence A. Post

		 	 Title:
	 	Chief Investment Officer
	
	IKANO FUND MANAGEMENT S.A.
		
	By:	 	 Post Advisory Group, as Authorized Agent

		
	By:	 	 /s/ Lawrence A. Post

		 	 Name:
	 	 Lawrence A. Post

		 	 Title:
	 	Chief Investment Officer
	
	LOS ANGELES COUNTY EMPLOYEES RETIREMENT ASSOCIATION
		
	By:	 	 Post Advisory Group, as Authorized Agent

		
	By:	 	 /s/ Lawrence A. Post

		 	 Name:
	 	 Lawrence A. Post

		 	 Title:
	 	Chief Investment Officer
	
	POST TOTAL RETURN MASTER FUND, L.P.
		
	By:	 	 Post Advisory Group, as Authorized Agent

		
	By:	 	 /s/ Lawrence A. Post

		 	 Name:
	 	 Lawrence A. Post

		 	 Title:
	 	Chief Investment Officer

					
	POST TRADITIONAL HIGH YIELD FUND, L.P.
		
	By:	 	 Post Advisory Group, as Authorized Agent

		
	By:	 	 /s/ Lawrence A. Post

		 	 Name:
	 	 Lawrence A. Post

		 	 Title:
	 	Chief Investment Officer
	
	PRINCIPAL GLOBAL INVESTORS FUNDS-HIGH YIELD
		
	By:	 	 Post Advisory Group, as Authorized Agent

		
	By:	 	 /s/ Lawrence A. Post

		 	 Name:
	 	 Lawrence A. Post

		 	 Title:
	 	Chief Investment Officer
	
	PRINCIPAL LIFE INSURANCE COMPANY BOND AND MORTGAGE SEPARATE ACCOUNT
		
	By:	 	 Post Advisory Group, as Authorized Agent

		
	By:	 	 /s/ Lawrence A. Post

		 	 Name:
	 	 Lawrence A. Post

		 	 Title:
	 	Chief Investment Officer
	
	QWEST OCCUPATIONAL HEALTH TRUST
		
	By:	 	 Post Advisory Group, as Authorized Agent

		
	By:	 	 /s/ Lawrence A. Post

		 	 Name:
	 	 Lawrence A. Post

		 	 Title:
	 	Chief Investment Officer
	
	QWEST PENSION TRUST
		
	By:	 	 Post Advisory Group, as Authorized Agent

		
	By:	 	 /s/ Lawrence A. Post

		 	 Name:
	 	 Lawrence A. Post

		 	 Title:
	 	Chief Investment Officer

					
	STATE OF NEW MEXICO EDUCATIONAL RETIREMENT BOARD
		
	By:	 	 Post Advisory Group, as Authorized Agent

		
	By:	 	 /s/ Lawrence A. Post

		 	 Name:
	 	 Lawrence A. Post

		 	 Title:
	 	Chief Investment Officer
	
	STICHTING PENSIOENFONDS VOOR DE METAAL EN TECHNIEK
		
	By:	 	 Post Advisory Group, as Authorized Agent

		
	By:	 	 /s/ Lawrence A. Post

		 	 Name:
	 	 Lawrence A. Post

		 	 Title:
	 	Chief Investment Officer
	
	VIRGINIA RETIREMENT SYSTEM
		
	By:	 	 Post Advisory Group, as Authorized Agent

		
	By:	 	 /s/ Lawrence A. Post

		 	 Name:
	 	 Lawrence A. Post

		 	 Title:
	 	Chief Investment Officer

					
	Regiment Capital Ltd.
	
	REGIMENT CAPITAL LTD.
		
	By:	 	Regiment Capital Management, LLC, as its Investment Advisor
		
	By:	 	Regiment Capital Advisors, LP, its Manager and pursuant to delegated authority
		
	By:	 	 /s/ Timothy S. Peterson

		 	 Name:
	 	 Timothy S. Peterson

		 	 Title:
	 	President
	
	PRESIDENT & FELLOWS OF HARVARD COLLEGE.
		
	By:	 	Regiment Capital Management, LLC, as its Investment Advisor
		
	By:	 	Regiment Capital Advisors, LLC, its Manager and pursuant to delegated authority
		
	By:	 	 /s/ Timothy S. Peterson

		 	 Name:
	 	 Timothy S. Peterson

		 	 Title:
	 	PresidentConsent Agreement, dated as of June 26, 2006... relating to the 8-7/8 % Notes

 Exhibit 10.2 
 CONSENT AGREEMENT 
 Consent Agreement, dated as of June 26, 2006 (this
“Agreement”), by and among American Media Operations, Inc. (the “Company”) and each of the parties listed on the signature page hereto (each a “Bondholder”, and collectively, the
“Bondholders”), relating to certain proposed amendments to the Indenture, dated as of January 23, 2003, as supplemented by the First Supplemental Indenture, dated as of March 17, 2006 (as amended and supplemented, the
“Indenture”), among the Company, the guarantors named therein (the “Note Guarantors”) and HSBC Bank USA, National Association (as successor in interest to J.P. Morgan Trust Company, N.A.), a national banking
association, as trustee (the “Trustee”). 
 WHEREAS, each Bondholder beneficially owns the aggregate principal amount of the
Company’s 8 7/8% Senior Subordinated Notes due 2011 (the “Notes”) set forth opposite its
name on Annex A hereto (such Notes being collectively referred to herein as the “Subject Notes”); 
 WHEREAS,
the Company has publicly announced that it needs to restate its financial statements (the “Restatement”) and, as a result, may be unable to timely satisfy its reporting obligations with respect to its quarterly report on Form 10-Q
for the quarter ended December 31, 2005, its annual report on Form 10-K for the year ended March 31, 2006 and its quarterly report on Form 10-Q for the quarter ended June 30, 2006, in each case pursuant to Section 4.02 of the
Indenture; 
 WHEREAS, Section 9.02 of the Indenture provides that the Company, the Note Guarantors and the Trustee may amend the
Indenture or the Notes outstanding thereunder with the written consent of the Holders of at least a majority in principal amount of the Notes then outstanding; 
 WHEREAS, the Bondholders and the Company desire to enter into this Agreement to provide for, among other things, the consent of the Bondholders to the proposed amendments (the “Proposed Amendments”)
to the Indenture, as set forth in the Second Supplemental Indenture attached hereto as Annex B (the “Supplemental Indenture”), among the Company, the Note Guarantors and the Trustee; and 
 WHEREAS, as a condition to the willingness of the Company to enter into the Supplemental Indenture, the Company has required that the Bondholders enter
into this Agreement. 
 NOW, THEREFORE, to induce the Company to enter into, and in consideration of the Company’s entering into, the
Supplemental Indenture and in consideration of the premises and the representations, warranties and agreements contained herein, the parties hereto agree as follows: 
 1. Covenants of the Company. The Company agrees as follows: 
 (a) Supplemental
Indenture. On the Effectiveness Date (as defined below), the Company shall execute and deliver the Supplemental Indenture to the Trustee and shall use its reasonable best efforts to cause the Trustee to execute the Supplemental Indenture.

 (b) Consent Fee. Within five (5) business days of the Effectiveness Date, the
Company shall pay, in cash, to all Holders of the Notes an amount equal to $2.50 per $1,000 principal amount of Notes (the “Fee”) held by such Holder on June 20, 2006 (the “Record Date”). No accrued interest
will be paid on the Fee. 
 (c) Form 8-K. The Company shall execute and file with the Securities and Exchange
Commission (the “SEC”) a Form 8-K describing the transactions contemplated hereby, including as exhibits a copy of this Agreement (excluding all Annexes hereto) and the Supplemental Indenture, within one (1) business day of the
Effectiveness Date. 
 2. Covenants of the Bondholders. Each Bondholder, severally and not jointly, agrees as follows: 
 (a) Consent of Subject Notes. Each Bondholder hereby (i) approves, ratifies, confirms and consents to, in all respects, the
Proposed Amendments and (ii) directs the Trustee to execute and deliver the Supplemental Indenture. Such Bondholder shall not withdraw or revoke (or cause to be withdrawn or revoked) such approval, ratification, confirmation or consent or other
approval in connection with the Proposed Amendments unless and until such consent is revoked in accordance with Section 5 hereof. 
 3. Representations and Warranties of the Company. The Company hereby represents and warrants to the Bondholders as of the date hereof as follows: 
 (a) Due Organization. The Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of
its organization. 
 (b) Due Authorization; Binding Agreement. The Company has full right, power and authority to
execute and deliver this Agreement and to consummate the transactions contemplated hereby. This Agreement has been duly and validly authorized, executed and delivered by the Company and (assuming due authorization, execution and delivery by the
Bondholders) constitutes the valid and binding obligation of the Company enforceable against the Company in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other
similar laws relating to or affecting creditors’ rights generally, and general equitable principles (whether considered in a proceeding in equity or at law). 
 (c) No Conflicts. None of the execution and delivery of this Agreement by the Company, the consummation of the transactions
contemplated hereby and compliance with the terms hereof by the Company will conflict with, result in any breach or violation of, or default (or an event which, with notice or lapse of time, or both, would constitute a default) under the
Company’s certificate of incorporation, bylaws or other governing instruments, any material contractual obligation to which the Company is a party or any 

  

 2 

 
provision of any law, order, rule or regulation applicable to the Company, except for any such conflicts, violations, defaults or other occurrences that
would not have a material adverse effect on the condition (financial or otherwise) of the Company or prevent, delay or impede the performance by the Company of its obligations under this Agreement. No filing (other than a Form 8-K) with, and no
permit, authorization, consent or approval of, any United States court or governmental agency or body or any other entity is necessary for the execution of this Agreement by the Company and the consummation by the Company of the transactions
contemplated hereby, except where the failure to make such filing or to obtain such permit, authorization, consent or approval would not prevent, delay or impede the performance by the Company of its obligations under this Agreement. 
 (d) Litigation. There is no action, suit, investigation, complaint or other proceeding pending against the Company or, to the
knowledge of the Company, threatened against the Company or any other person or entity that restricts in any material respect or prohibits (or, if successful, would restrict or prohibit) the exercise by any party or beneficiary of its rights under
this Agreement or the performance by any party of its obligations under this Agreement. 
 4. Representations and Warranties of the
Bondholders. Each Bondholder hereby, severally and not jointly, represents and warrants to the Company as of the date hereof as follows: 
 (a) Due Organization. If other than a natural person, such Bondholder is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and has all requisite
corporate, partnership or other power and authority to enter into this Agreement and to consummate the transactions contemplated by, and perform its respective obligations under, this Agreement. 
 (b) Due Authorization; Binding Agreement. Such Bondholder has full right, power and authority to execute and deliver this Agreement
and to consummate the transactions contemplated hereby. This Agreement has been duly and validly authorized, executed and delivered by such Bondholder and (assuming due authorization, execution and delivery by the Company) constitutes the valid and
binding obligation of such Bondholder enforceable against such Bondholder in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or
affecting creditors’ rights generally, and general equitable principles (whether considered in a proceeding in equity or at law). 
 (c) No Conflicts. None of the execution and delivery of this Agreement by such Bondholder, the consummation of the transactions contemplated hereby and compliance with the terms hereof by such Bondholder will
conflict with, result in any breach or violation of, or default (or an event which, with notice or lapse of time, or both, would constitute a default) under such Bondholder’s certificate of incorporation, bylaws or other governing instruments,
any material contractual obligation to which such Bondholder is a party or any provision of any law, order, rule or regulation applicable to such Bondholder, except for any such conflicts, violations, defaults or other occurrences 

  

 3 

 
that would not have a material adverse effect on the condition (financial or otherwise) of such Bondholder or prevent, delay or impede the performance by
such Bondholder of its obligations under this Agreement. No trust of which such Bondholder is a trustee requires the consent of any beneficiary to the execution and delivery of this Agreement or to the consummation of the transactions contemplated
hereby. No filing with, and no permit, authorization, consent or approval of, any United States court or governmental agency or body or any other entity is necessary for the execution of this Agreement by such Bondholder and the consummation by such
Bondholder of the transactions contemplated hereby, except where the failure to make such filing or to obtain such permit, authorization, consent or approval would not prevent, delay or impede the performance by such Bondholder of its obligations
under this Agreement. 
 (d) Ownership of the Subject Notes. On the Record Date, such Bondholder was and on the date
hereof, the Bondholder is, the beneficial owner of the aggregate principal amount of Notes set forth opposite its name on Annex A hereto (held through the DTC Participant listed on such Annex A). Such Bondholder does not own,
beneficially or of record, any Notes of the Company or securities convertible or exchangeable for Notes of the Company other than as set forth on Annex A hereto. Such Bondholder has the sole right and power to vote and dispose of the Subject
Notes, and none of such Subject Notes is subject to any voting trust or other agreement, arrangement or restriction with respect to the voting or transfer of any of the Subject Notes, except for this Agreement. 
 (e) Litigation. There is no action, suit, investigation, complaint or other proceeding pending against such Bondholder or, to the
knowledge of such Bondholder, threatened against such Bondholder or any other person or entity that restricts in any material respect or prohibits (or, if successful, would restrict or prohibit) the exercise by any party or beneficiary of its rights
under this Agreement or the performance by any party of its obligations under this Agreement. 
 (f) Information. Such
Bondholder has reviewed, or has had the opportunity to review, with the assistance of professional and legal advisors of its choosing, sufficient information (including all documents filed or furnished to the Securities and Exchange Commission by
the Company) and has had sufficient access to the Company necessary for such Bondholder to decide to grant its approval, ratification, confirmation and consent to the Proposed Amendments. Such Bondholder acknowledges that the financial statements of
the Company are subject to the Restatement, and has granted its approval, ratification, confirmation and consent to the Proposed Amendments with full knowledge of the pending Restatement. 
 5. Revocation of Consents. The consent granted pursuant to Section 2 hereof shall become null and void and have no further effect if the
Supplemental Indenture is not executed by the Company and delivered to the Trustee on the Effectiveness Date. Nothing in this Section 5 shall relieve any party of liability for breach of this Agreement. 
  

 4 

 6. General Provisions. 
 (a) Effectiveness of this Agreement. The obligations of the Company pursuant to Section 1 hereof shall become effective on the
date (the “ Effectiveness Date”) the Company receives (i) the consent to the Proposed Amendments of the holders of not less than a majority of the aggregate principal amount of outstanding Notes and (ii) the consent of the
holders of not less than a majority of the aggregate principal amount of the Company’s outstanding 10 1/4%
Series B Senior Subordinated Notes due 2009 (the “2009 Notes”) to amendments to the indenture pursuant to which the 2009 Notes were issued substantially similar to the Proposed Amendments, and, in each case, on such date the holders
of the Notes and the 2009 Notes shall no longer have the right to revoke such consent except in accordance with Section 5 hereof. 
 (b) Amendments, etc. No amendment, modification, termination, or waiver of any provision of this Agreement, and no consent to any departure by any of the Bondholders or the Company from any provision of this
Agreement, shall be effective unless it shall be in writing and signed and delivered by all the Bondholders party hereto and the Company, and then it shall be effective only in the specific instance and for the specific purpose for which it is
given. 
 (c) Disclosure. Each Bondholder hereby consents to public disclosure, including in a press release and a Form
8-K to be filed with the SEC, of the identity of such Bondholder, the aggregate principal amount of Notes that will be bound by this Agreement and the nature of its commitments, arrangements and understandings pursuant to this Agreement. Each
Bondholder agrees that it shall not make any public announcement or public disclosure regarding this Agreement or the transactions contemplated herein (except to the extent required by applicable law or legal process) without the prior written
consent of the Company. 
 (d) Confidentiality. The Company shall, and shall cause its affiliates to, keep the
principal amount of Notes beneficially owned by each Bondholder party hereto strictly confidential; provided, however, that (i) the aggregate principal amount of Notes beneficially owned by the Bondholders party hereto may be disclosed and
(ii) the principal amount of Notes beneficially owned by any Bondholder may only be disclosed (A) with the written consent of such Bondholder; (B) to affiliates, directors, officers, employees and agents of the Company, including
legal counsel, the Trustee and other persons reasonably required in order to enter into the Supplemental Indenture, (C) to the extent required by law, including securities laws, or by subpoena or similar legal process, provided, if appropriate,
that the non-disclosing parties have been given an opportunity to defend, limit or protect such disclosure, (D) in connection with any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder or (E) to
the extent such terms (x) become publicly available other than as a result of a breach of this Section 6(d) or (y) become available to the disclosing party on a non-confidential basis from a source other than the non-disclosing
parties. 
 (e) Notice. All notices and other communications hereunder shall be in writing and shall be deemed given if
delivered personally, telecopied (with confirmation), mailed by registered or certified mail (return receipt requested) or delivered by an express courier (with confirmation) to the Company at 1000 American Media Way, Boca Raton, 

  

 5 

 
Florida 33464, Attention: Chief Financial Officer, Telephone: (561) 997-7733, Facsimile: (561) 998-7492, with a copy to Ken Wallach at Simpson
Thacher & Bartlett LLP, 425 Lexington Avenue, New York, New York 10017, Telephone (212) 455-2000, Facsimile: (212) 455-2502, and to each Bondholder at the address set forth under such Bondholder’s name in Annex A
hereto (or at such other address for a party as shall be specified by like notice). 
 (f) Severability. Any term or
provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and
provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any other jurisdiction. 
 (g) Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. 
 (h) Entire Agreement. This Agreement embodies the entire agreement and understanding of the Bondholders and the Company, and
supersedes all prior agreements or understandings, with respect to the subject matter of this Agreement. Notwithstanding the foregoing, capitalized terms used but not defined in this Agreement have the meanings assigned to such terms in the
Indenture. 
 (i) Specific Performance; Enforcement. Each of the parties hereto recognizes and acknowledges that a
breach by it of any covenants or agreements contained in this Agreement will cause the other party to sustain damages for which it would not have an adequate remedy at law for money damages, and therefore, each of the parties hereto agrees that in
the event of any such breach the aggrieved party shall be entitled to the remedy of specific performance of such covenants and agreements and injunctive and other equitable relief in addition to any other remedy to which it may be entitled, at law
or in equity. The parties agree that they shall be entitled to enforce specifically the terms and provisions of this Agreement in the courts of the State of New York and any Federal court, sitting in the state of New York, this being in addition to
any other remedy to which they are entitled at law or in equity. In addition, each of the parties hereto (i) consents to submit such party to the personal jurisdiction of any Federal court located in the State of New York or any New York state
court in the event any dispute arises out of this Agreement or any of the transactions contemplated hereby, (ii) agrees that such party will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any
such court, (iii) agrees that such party will not bring any action relating to this Agreement or the transactions contemplated hereby in any court other than a Federal court sitting in the state of New York or a New York state court and
(iv) waives any right to trial by jury with respect to any claim or proceeding related to or arising out of this Agreement or any of the transactions contemplated hereby. 
 (j) Counterparts; Facsimile. This Agreement may be executed in counterparts, all of which shall be considered one and the same
agreement, and shall become effective when counterparts have been signed by each of the parties and 

  

 6 

 
delivered to the other parties, it being understood that all parties need not sign the same counterpart. This Agreement may be executed by facsimile
signatures of the parties hereto. 
 [Signature page follows] 
  

 7 

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as of the date first written above. 
  

					
	 AMERICAN MEDIA OPERATIONS, INC.

		
	By:	 	 /s/ Michael Kahane

		 	 Name:
	 	 Michael Kahane

		 	 Title:
	 	Executive Vice President, General
Counsel & Secretary
	
	AllianceBernstein
	
	ACM GLOBAL INVESTMENT – US HIGH YIELD PORTFOLIO
		
	By:	 	 /s/ Gershon Distenfeld

		 	 Name:
	 	 Gershon Distenfeld

		 	 Title:
	 	 Vice President

	
	ACM GLOBAL INVESTMENTS – GLOBAL HIGH YIELD PORTFOLIO
		
	By:	 	 /s/ Gershon Distenfeld

		 	 Name:
	 	 Gershon Distenfeld

		 	 Title:
	 	 Vice President

	
	 ACM MANAGED INCOME FUND

		
	By:	 	 /s/ Gershon Distenfeld

		 	 Name:
	 	 Gershon Distenfeld

		 	 Title:
	 	 Vice President

	
	ALLIANCEBERNSTEIN HIGH YIELD OPEN FUND
		
	By:	 	 /s/ Gershon Distenfeld

		 	 Name:
	 	 Gershon Distenfeld

		 	 Title:
	 	 Vice President

					
	 ALLIANCEBERNSTEIN POOLING
 PORTFOLIOS –
ALLIANCEBERNSTEIN HIGH-YIELD PORTFOLIO

		
	By:	 	 /s/ Gershon Distenfeld

		 	 Name:
	 	 Gershon Distenfeld

		 	 Title:
	 	 Vice President

	
	ALLIANCEBERNSTEIN VARIABLE PRODUCT SERIES FUND – HIGH YIELD PORTFOLIO
		
	By:	 	 /s/ Gershon Distenfeld

		 	 Name:
	 	 Gershon Distenfeld

		 	 Title:
	 	 Vice President

	
	 DAIMLERCHRYSLER PENSION TRUST E.V.,
 as Investment Advisor

		
	By:	 	 /s/ Gershon Distenfeld

		 	 Name:
	 	 Gershon Distenfeld

		 	 Title:
	 	 Vice President

	
	 OREGON INVESTMENT COUNCIL

		
	By:	 	 /s/ Jeffrey Phelgar

		 	 Name:
	 	 Jeffrey Phelgar

		 	 Title:
	 	 Vice President

	
	Capital Guardian Trust Company
	
	 CIF GLOBAL HIGH YIELD FUND

		
	By:	 	 /s/ Mark Brubaker

		 	 Name:
	 	 Mark Brubaker

		 	 Title:
	 	 Vice President

	
	 GLOBAL HIGH YIELD FIXED INCOME FUND

		
	By:	 	 /s/ Mark Brubaker

		 	 Name:
	 	 Mark Brubaker

		 	 Title:
	 	 Vice President

					
	QUALCOMM, INC
		
	By:	 	 /s/ Mark Brubaker

		 	 Name:
	 	 Mark Brubaker

		 	 Title:
	 	 Vice President

	
	 ROBERT BOSCH GMBH

		
	By:	 	 /s/ Mark Brubaker

		 	 Name:
	 	 Mark Brubaker

		 	 Title:
	 	 Vice President

	
	U.S. HIGH YIELD FIXED INCOME MASTER FUND
		
	By:	 	 /s/ Mark Brubaker

		 	 Name:
	 	 Mark Brubaker

		 	 Title:
	 	 Vice President

	
	Capital International Limited
	
	 PFA PENSION

		
	By:	 	 /s/ Katie Lunday

		 	 Name:
	 	 Katie Lunday

		 	 Title:
	 	 Senior Vice President

	
	 Capital Research and Management Company

	
	 AMERICAN FUNDS INSURANCE
 SERIES - ASSET ALLOCATION FUND

		
	By:	 	 /s/ Abner Goldstine

		 	 Name:
	 	 Abner Goldstine

		 	 Title:
	 	 Senior Vice President

	
	 AMERICAN FUNDS INSURANCE
 SERIES – HIGH-INCOME BOND FUND

		
	By:	 	 /s/ Abner Goldstine

		 	 Name:
	 	 Abner Goldstine

		 	 Title:
	 	 Senior Vice President

					
	AMERICAN HIGH INCOME TRUST
		
	By:	 	 /s/ Abner Goldstine

		 	 Name:
	 	 Abner Goldstine

		 	 Title:
	 	 Senior Vice President

	
	 CAPITAL WORLD BOND FUND, INC.

		
	By:	 	 /s/ Abner Goldstine

		 	 Name:
	 	 Abner Goldstine

		 	 Title:
	 	 Senior Vice President

	
	 THE BOND FUND OF AMERICA, INC.

		
	By:	 	 /s/ Abner Goldstine

		 	 Name:
	 	 Abner Goldstine

		 	 Title:
	 	 Senior Vice President

	
	 THE INCOME FUND OF AMERICA, INC.

		
	By:	 	 /s/ Abner Goldstine

		 	 Name:
	 	 Abner Goldstine

		 	 Title:
	 	 Senior Vice President

	
	Chatham Asset High Yield Master Fund, Ltd.
	
	CHATHAM ASSET HIGH YIELD MASTER FUND, LTD.
		
	 By:
	 	Chatham Asset Management, LLC Investment Advisor
		
	By:	 	 /s/ Anthony Melchiorre

		 	 Name:
	 	 Anthony Melchiorre

		 	 Title:
	 	 Managing Member

	
	Credit Suisse Securities (USA) LLC
	
	 CREDIT SUISSE SECURITIES (USA) LLC

		
	By:	 	 /s/ Teri La Barbera

		 	 Name:
	 	 Teri La Barbera

		 	 Title:
	 	 Vice President

					
	JPMorgan Securities, Inc.
	
	 JPMORGAN SECURITIES, INC.

		
	By:	 	 /s/ Sam Reid

		 	 Name:
	 	 Sam Reid

		 	 Title:
	 	 Associate

	
	Muzinich & Company, Inc.
	
	 AMERICAYIELD FUND

		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	 Chief Financial Officer

	
	 BUPA PENSION FUND

		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	 Chief Financial Officer

	
	EUROMOBILIARE INTERNATIONAL FUND HIGH YIELD
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	 Chief Financial Officer

	
	 GYLLENBERG HIGH YIELD

		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	 Chief Financial Officer

	
	 MUZINICH CBO II, LIMITED

		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	 Chief Financial Officer

					
	 MUZINICH CASHFLOW CBO LTD.

		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	 Chief Financial Officer

	
	 P.A.R.A.D.I.S.O. II TRUST S.A.

		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	 Chief Financial Officer

	
	P&O PENSION FUNDS INVESTMENTS LIMITED
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	 Chief Financial Officer

	
	 PENATES A, LTD.

		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	 Chief Financial Officer

	
	 SEB INVEST INSTITUTIONAL HIGH YIELD

		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	 Chief Financial Officer

	
	 SEB INSTITUTIONAL HIGH-YIELD BONDS

		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	 Chief Financial Officer

	
	 SKANDIA HIGH YIELD FUND

		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	 Chief Financial Officer

					
	SYNGENTA PENSIONS TRUSTEE LIMITED GLOBAL HIGH YIELD
		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	 Chief Financial Officer

	
	 TRANSATLANTICYIELD FUND

		
	By:	 	 /s/ Michael Ludwig

		 	 Name:
	 	 Michael Ludwig

		 	 Title:
	 	 Chief Financial Officer

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