Document:

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                                                                     EXHIBIT 4.1

                       AMENDMENT NO. 3 TO RIGHTS AGREEMENT

         This Amendment No. 3, dated as of October 3, 2005 (this "AMENDMENT"),
to the Rights Agreement, dated as of October 27, 1998, as amended (the "RIGHTS
AGREEMENT"), by and between R.H. Donnelley Corporation, a Delaware corporation
("RHD"), and The Bank of New York, as successor Rights Agent (the "RIGHTS
AGENT").

                                    RECITALS:

         A. RHD and the Rights Agent are parties to the Rights Agreement; and

         B. RHD and the Rights Agent wish to further amend the Rights Agreement
as set forth herein.

                                   AGREEMENT:

         NOW, THEREFORE, in consideration of the mutual covenants set forth
herein and other valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereby agree as follows:

         1. Amendments to Section 1.

                  (a) Section 1 of the Rights Agreement is hereby amended by
deleting in its entirety the first full paragraph of the definition of
"Acquiring Person" and replacing it with the following paragraph:

         ""Acquiring Person" means any Person who, together with all Affiliates
         and Associates of such Person, shall be the Beneficial Owner of 20% or
         more of the shares of Common Stock then outstanding, but shall not
         include (x) an Exempt Person or (y) a Specified Holder, so long as such
         Specified Holder is in compliance with the terms of its respective
         Stockholders Agreement; provided, however, that (a) if the Board
         determines in good faith that a Person who would otherwise be an
         "Acquiring Person" became the Beneficial Owner of a number of shares of
         Common Stock such that the Person would otherwise qualify as an
         "Acquiring Person" inadvertently (including, without limitation,
         because (i) such Person was unaware that it beneficially owned a
         percentage of Common Stock that would otherwise cause such Person to be
         an "Acquiring Person" or (ii) such Person was aware of the extent of
         its Beneficial Ownership of Common Stock but had no actual knowledge of
         the consequences of such Beneficial Ownership under this Agreement) and
         without any intention of changing or influencing control of the
         Company, then such Person shall not be deemed to be or to have become
         an "Acquiring Person" for any purposes of this Agreement unless and
         until such Person shall have failed to divest itself, as soon as
         practicable (as determined, in good faith, by the Board of Directors of
         the Company), of Beneficial Ownership of a sufficient number of shares
         of Common Stock so that such Person would no longer otherwise qualify
         as an "Acquiring Person"; and (b) no Person shall become an "Acquiring
         Person" as the result of any acquisition of shares of Common Stock by
         the Company which, by reducing the number of shares of Common Stock
         outstanding, increases the proportionate number of shares of Common
         Stock beneficially owned by such Person to 20% or more of the shares of
         Common Stock then outstanding; provided, however, that if a Person
         shall become the Beneficial Owner of

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         20% or more of the shares of Common Stock then outstanding by reason of
         such share acquisition by the Company and shall thereafter become the
         Beneficial Owner of any additional shares of Common Stock (other than
         pursuant to a dividend or distribution paid or made by the Company on
         the outstanding Common Stock or pursuant to a split or subdivision of
         the outstanding Common Stock), then such Person shall be deemed to be
         an "Acquiring Person" unless upon becoming the Beneficial Owner of such
         additional shares of Common Stock such Person does not beneficially own
         20% or more of the shares of Common Stock then outstanding."

                  (b) Section 1 of the Rights Agreement is hereby amended by
adding the following paragraph immediately after the last paragraph in the
definition of "Acquiring Person":

         "Notwithstanding anything in this Agreement to the contrary, (i) no
         Specified Holder shall be deemed to be an Acquiring Person and (ii)
         neither a Distribution Date nor a Stock Acquisition Date shall be
         deemed to have occurred, in each case, solely by reason or as a result
         of the approval, execution, delivery or announcement of the Merger
         Agreement or the consummation of the transactions contemplated thereby,
         including the Merger (as defined in the Merger Agreement)."

                  (c) Section 1 of the Rights Agreement is hereby further
amended by adding the following additional definitions:

                  "Merger Agreement" means the Agreement and Plan of Merger,
         dated as of October 3, 2005, by and among Dex Media, Inc., the Company
         and Forward Acquisition Corp., as it may be amended from time to time.

                  "Specified Holders" means each of Carlyle Partners III, L.P.,
         CP III Coinvestment L.P., Carlyle-Dex Partners L.P., Carlyle-Dex
         Partners II, L.P., Carlyle High Yield Partners, L.P., Welsh, Carson,
         Anderson & Stowe IX, L.P., WD Investors LLC. and WD GP Associates LLC,
         and their respective Affiliates and Associates.

                  "Stockholders Agreement" means each of (i) the Sponsor
         Stockholders Agreement, dated as of October 3, 2005, by and among the
         Company and Carlyle Partners III, L.P., CP III Coinvestment L.P.,
         Carlyle-Dex Partners L.P., Carlyle-Dex Partners II, L.P. and Carlyle
         High Yield Partners, L.P. and (ii) the Sponsor Stockholders Agreement,
         dated as of October 3, 2005, by and among the Company and Welsh,
         Carson, Anderson & Stowe IX, L.P., WD Investors LLC and WD GP
         Associates LLC, as each may be amended from time to time.

         2. No Other Amendments. Except as amended hereby, the Rights Agreement
shall remain in full force and effect and is hereby ratified and confirmed in
all respects.

         3. Governing Law. This Amendment shall be deemed to be a contract made
under the laws of the State of Delaware and for all purposes shall be governed
by and construed in accordance with the laws of such State applicable to
contracts to be made and performed entirely within such State, except that the
rights and obligations of the Rights Agent shall be governed by the State of New
York.

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         4. Jurisdiction. The parties agree that all actions and proceedings
arising out of this Amendment or any of the transactions contemplated hereby,
shall be brought in the United States District Court of the Southern District of
New York or in a New York State Court in the County of New York and that, in
connection with any such action or proceeding, submit to the jurisdiction of,
and venue in, such court. Each of the parties hereto also irrevocably waive all
right to trial by jury in any action proceeding or counterclaim arising out of
this Amendment or the transactions contemplated hereby.

         5. Counterparts. This Amendment may be executed in any number of
counterparts and each of such counterparts shall for all purposes be deemed to
be an original, and all such counterparts shall together constitute one and the
same instrument.

         6. Descriptive Headings. The captions herein are included for
convenience of reference only, do not constitute a part of this Agreement and
shall be ignored in the construction and interpretation hereof.

         7. Other Defined Terms. Capitalized terms used without other definition
in this Amendment are used as defined in the Rights Agreement.

         8. Effectiveness. This Amendment shall be effective as of, and
immediately prior to, the execution and delivery of the Merger Agreement, and
all references to the Rights Agreement shall, from and after such time, be
deemed to be references to the Rights Agreement as amended hereby.

         9. Exhibits to the Rights Agreement. Exhibits B and C to the Rights
Agreement shall be deemed amended hereby in a manner consistent with this
Amendment.

                         [Signatures on following page]

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

                                     R.H. DONNELLEY CORPORATION

                                     By: /s/ Robert J. Bush
                                         ---------------------------------------
                                         Name:  Robert J. Bush
                                         Title: Vice President, General Counsel
                                                and Corporate Secretary

                                     THE BANK OF NEW YORK

                                     By: /s/ Alexander Pabon
                                         ---------------------------------------
                                         Name:  Alexander Pabon
                                         Title: Assistant Vice President<PAGE>
                                                                    Exhibit 10.1

                         SPONSOR STOCKHOLDERS AGREEMENT

     This SPONSOR STOCKHOLDERS AGREEMENT (this "Agreement") is made as of
October 3, 2005, among R.H. Donnelley Corporation, a Delaware corporation
("Parent"), Welsh, Carson, Anderson & Stowe IX, L.P., a Delaware limited
partnership ("Welsh Carson IX"), WD GP Associates LLC ("WCAS Coinvest") and WD
Investors LLC ("WCAS Coinvest II") (each of Welsh Carson IX, WCAS Coinvest and
WCAS Coinvest II, a "Stockholder" and collectively, the "Stockholders") and any
other subsequent holder of Shares who agrees to be bound by the terms of this
Agreement in accordance with the terms hereof. Parent and the Stockholders are
sometimes referred to herein individually as a "Party" and collectively as the
"Parties." The meaning of certain capitalized terms used herein are set forth in
Section 7 hereto.

                                    RECITALS

     A. Dex Media, Inc., a Delaware corporation (the "Company"), Dex Holdings
LLC, a Delaware limited liability company ("Holdings"), the Stockholders and
certain other members of Holdings have entered into a Sponsor Stockholders
Agreement, dated as of July 27, 2004 (the "Current Stockholders Agreement"), to
provide for certain matters with respect to the Stockholders' and these other
members' holdings of shares of capital stock of the Company and the governance
of the Company. Holdings was dissolved on January 5, 2005.

     B. On the date hereof, the Company, Parent and a wholly owned subsidiary of
Parent ("Merger Sub") have entered into an Agreement and Plan of Merger (as
amended from time to time, the "Merger Agreement") pursuant to which the Company
will be merged with and into Merger Sub (the "Merger").

     C. The Parties wish to provide for certain matters relating to the
Stockholders' holdings of shares of capital stock of Parent received in the
Merger and the governance of Parent following the Effective Time (as defined in
the Merger Agreement).

     D. In connection with the Merger Agreement, it is contemplated that,
effective upon and following the Effective Time, the Current Stockholders
Agreement (and certain related agreements) will terminate and be of no further
force or effect.

     NOW, THEREFORE, in consideration of the foregoing, and the mutual
agreements set forth herein and other good and valuable consideration, the
receipt and adequacy of which is hereby acknowledged, the Parties hereto,
intending to be legally bound, hereby agree as follows:

                                    AGREEMENT

Section 1. Parent Board Representation and Voting.

     (a) From and after the Effective Time, at each annual or special meeting of
stockholders of Parent at which action is to be taken with respect to the
election of directors of Parent, each Stockholder, severally and not jointly,
agrees to vote or otherwise give such Stockholder's consent in respect of all
Shares (whether now or hereafter acquired) owned by such Stockholder, and Parent
will take all necessary and desirable actions within its control (including

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to support the nomination of, and the Nominating Committee of Parent will
recommend to the Board of Directors of Parent (the "Parent Board") the inclusion
in the slate of nominees recommended by the Parent Board to stockholders of
Parent for election as directors, such directors as set forth in subsection
1(a)(ii) below), in order to cause:

          (i) the authorized number of directors on the Parent Board to be
     established at no more than 13;

          (ii) the election to the Parent Board of such slate, so long as upon
     such election, the Parent Board consists of:

               (A) one director designated by one or more of the Stockholders as
          the Stockholders shall agree (the "Stockholder Designee") if at the
          relevant time the Stockholders Beneficially Own at least 5% of the
          then issued and outstanding shares of Parent's common stock, par
          value $1.00 per share (the "Parent Common Stock");

               (B) the Chief Executive Officer of Parent;

               (C) the Chairman of Parent; and

               (D) the remaining directors, (i) with a number equal to a
          majority of the entire Parent Board being individuals who would
          satisfy the independence requirements of the New York Stock Exchange
          and Rule 10A-3(b)(1) under the Exchange Act and (ii) none of whom are
          Affiliates of the Stockholders;

     all of such designees will hold office, subject to their earlier removal or
     resignation in accordance with clause (a)(iii) below and Section 1(d),
     respectively, and applicable law, until their respective successors have
     been duly elected and qualified;

          (iii) the removal from the Parent Board for cause of the Stockholder
     Designee upon the written request of such of the Stockholders as the
     Stockholders shall agree; and

          (iv) upon any vacancy in the Parent Board as a result of any (A)
     individual designated by the Stockholders pursuant to clause (ii)(A) above,
     ceasing to be a member of the Parent Board, whether by resignation or
     otherwise, the election to the Parent Board of an individual designated by
     one or more of the Stockholders as the Stockholders shall agree, or (B)
     other individual ceasing to be a member of the Parent Board, whether by
     resignation or otherwise, the election to the Parent Board of an individual
     (consistent with clause (ii) above) appointed by a majority of the
     remaining directors then in office.

     (b) Notwithstanding the provisions of this Section 1, the Stockholders will
not be entitled to designate any person to the Parent Board (or any committee
thereof), in the event that Parent receives a written opinion of its outside
counsel that a Stockholder Designee would not be qualified under any applicable
law, rule or regulation to serve as a director of Parent or if Parent objects to
a Stockholder Designee because such Stockholder Designee has been involved in
any of the events enumerated in Item 2(d) or (e) of Schedule 13D or Item 401(f)
of Regulation S-K or is subject to any order, decree or judgment of any court or
agency prohibiting service as a director of any public company or providing
investment or financial advisory services and, in

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any such event, the Stockholders will withdraw the designation of such proposed
Stockholder Designee and designate a replacement therefor (which replacement
Stockholder Designee will also be subject to the requirements of this Subsection
1(b)). Parent will use its best efforts to notify the Stockholders of any
objection to a Stockholder Designee sufficiently in advance of the date on which
proxy materials are mailed by Parent in connection with such election of
directors to enable the Stockholders to propose a replacement Stockholder
Designee in accordance with the terms of this Agreement.

     (c) Notwithstanding anything in this Agreement to the contrary, the Parent
Board and all of the committees of the Parent Board will operate in such a way
to permit Parent to comply with applicable law and maintain its listing on The
New York Stock Exchange. Without limiting the foregoing, at all times a majority
of the Parent Board and all Committee members will (i) satisfy the independence
requirements of the New York Stock Exchange and Rule 10A-3(b)(1) under the
Exchange Act and (ii) not be Affiliates of the Stockholders.

     (d) Notwithstanding anything to the contrary in this Section 1, immediately
upon the consummation of any Transfer following which the Stockholders
Beneficially Own, in the aggregate, less than 5% of the then issued and
outstanding shares of Parent Common Stock, the Stockholders agree to cause the
Stockholder Designee to tender to the Parent Board his or her resignation from
the Parent Board.

     (e) This Section 1 will become effective at the Effective Time and will
terminate and have no further force and effect if the Merger Agreement is
terminated.

Section 2. Limitations on Acquisitions and Transfers.

     (a) Except for the acquisition of shares of Parent Common Stock pursuant to
the Merger Agreement, and subject to Section 2(c), during the Standstill Period,
the Stockholders and their respective Affiliates will not, directly or
indirectly, acquire, agree to acquire or make a proposal to acquire legal or
Beneficial Ownership of any Share or any security of Parent convertible into or
exchangeable or exercisable for Shares if, as a result of such acquisition,
agreement or proposal, such Stockholder and/or its Affiliates would Beneficially
Own, in the aggregate, or have the right to acquire Shares representing more
than 15% of Parent's then issued and outstanding Shares.

     (b) Subject to Section 2(c), during the Standstill Period, each Stockholder
and its respective Affiliates will not, directly or indirectly:

          (i) seek, make or take any action to solicit or initiate any offer or
     proposal for, or any indication of interest in, a merger (other than the
     Merger), consolidation, tender or exchange offer, sale or purchase of
     assets or securities or other business combination (other than the sale of
     Parent Common Stock by such Stockholder or its Affiliates in accordance
     with the terms of this Agreement) or any dissolution, liquidation,
     restructuring, recapitalization or similar transaction in each case
     involving Parent or any of its subsidiaries or the acquisition of any
     voting Shares of Parent or any of its subsidiaries (each, an "Acquisition
     Transaction"), if, as a result of such Acquisition Transaction, such
     Stockholder and/or its Affiliates would Beneficially Own, in the

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     aggregate, or have the right to acquire Shares representing more than 15%
     of Parent's then issued and outstanding Shares;

          (ii) "solicit," or become a "participant" in any "solicitation" (other
     than a "solicitation" approved by the Parent Board) of, any "proxy" (as
     such terms are defined in Regulation 14A under the Exchange Act) from any
     holder of voting Shares in connection with any vote on any matter (whether
     or not relating to the election or removal of members of the Parent Board);

          (iii) form, join or in any way participate in a 13D Group with respect
     to any voting Shares (other than a 13D Group (A) composed of Parent and its
     subsidiaries, (B) composed of such Stockholder and its Affiliates, (C)
     formed as a result of this Agreement or (D) deemed to have been formed by
     the Company Sponsors (as defined in the Merger Agreement) as a result of
     the execution, delivery or performance of the Merger Agreement, the Company
     Sponsor Agreements (as defined in the Merger Agreement), this Agreement or
     the transactions contemplated hereby or thereby);

          (iv) grant any proxies with respect to any voting Shares to any Person
     (other than as recommended by the Parent Board), deposit any voting Shares
     in a voting trust (unless the trustee of such trust agrees to be bound by
     the terms of this Agreement) or enter into any other arrangement or
     agreement with respect to the voting thereof;

          (v) publicly request, propose or otherwise seek any amendment or
     waiver of the provisions of Section 2(a) or (b);

          (vi) publicly seek, alone or in concert with other Persons, additional
     representation on the Parent Board or publicly seek the removal of any
     member of the Parent Board that is not a Stockholder Designee or publicly
     seek a change in the composition or size of the Parent Board;

          (vii) seek in their capacity as stockholders of Parent to have any
     matter presented to stockholders for a vote at any annual or special
     meeting (other than matters presented with the approval of the Parent
     Board);

          (viii) publicly call or seek to have called any meeting of the holders
     of voting Shares for the purpose of voting on any of the foregoing; or

          (ix) make any proposal, statement or inquiry, disclose any intention,
     plan or arrangement to the public (whether written or oral) inconsistent
     with the foregoing;

provided, however, that neither this Section 2(b) nor Section 2(a) will (1)
prevent, restrict, encumber or in any way limit the exercise of the fiduciary
rights and obligations of the Stockholder Designee as a director of Parent or
prevent, restrict, encumber or in any way limit the ability of the Stockholder
Designee to vote on matters, influence officers, employees, agents, management
or the other directors of Parent, take any action or make any statement at any
meeting of the Parent Board or any committee thereof, or otherwise to act in his
or her capacity as a director of Parent, (2) prevent any Stockholder from
selling any securities of Parent held by it or voting such securities, (3) apply
to or restrict any discussions or other communications

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between or among directors, members, officers, employees or agents of any
Stockholder or any Affiliate thereof, (4) prohibit any Stockholder or any
Affiliate thereof from soliciting, offering, seeking to effect or negotiating
with any Person with respect to transfers of Shares otherwise permitted by this
Section 2 or (5) restrict any disclosure or statements required to be made by
the Stockholder Designee or the Stockholders under applicable law, rule or
regulation (including any NYSE regulation).

     (c) Notwithstanding Sections 2(a) and (b), during the Standstill Period,
the Stockholders or their respective Affiliates will be permitted to make
requests to the Parent Board to amend or waive any of the limitations set forth
in Section 2(a) or (b), which the members of the Parent Board (other than the
Stockholder Designee and any designee of the other Company Sponsor), acting by
majority, may accept or reject in their sole discretion; provided, however, that
(i) any such request will not be publicly disclosed by the Stockholders or any
of their respective Affiliates, unless such Stockholder or such Affiliate
reasonably believes that it is required by applicable law to make such
disclosure and (ii) any such request will be made in a manner that is not
reasonably likely to require the public disclosure of such request by Parent.

     (d) Notwithstanding any other provision hereof, in no event will a
Stockholder Transfer Shares to any Person or 13D Group in one or a series of
transactions if following such Transfer such Person or 13D Group would
Beneficially Own 5% or more of the then-outstanding number of any class of
Shares of Parent unless, prior to such Transfer, such Person or 13D Group
executes an agreement reasonably satisfactory to Parent pursuant to which such
Person or 13D Group agrees to be bound by the terms of Sections 2(a), (b), (c)
and (d) of this Agreement as if such Person or 13D Group were a "Stockholder"
hereunder; provided, however, that if the transferee Person or 13D Group
qualifies at the time of such Transfer under Rule 13d of the Exchange Act to
report its ownership on a Schedule 13G, the percentage in this Section 2(d) will
be 15%, rather than 5%.

     (e) Prior to any proposed Transfer of any Shares (other than a Transfer to
an Affiliate of a Stockholder or a Transfer made in connection with an offering
of securities pursuant to the exercise of a Stockholder's registration rights),
the holder thereof will give written notice to Parent of its intention to effect
such Transfer as soon as reasonably practicable. Each such notice will describe
the manner of the proposed Transfer and, if requested by Parent for a proposed
Transfer other than pursuant to Rule 144 or Rule 145(a), will be accompanied by
an opinion of counsel reasonably satisfactory to Parent to the effect that the
proposed Transfer of the Shares may be effected without registration under the
Securities Act of 1933, as amended (the "Securities Act"), whereupon the holder
of such Shares will be entitled to Transfer such Shares in accordance with the
terms of its notice.

     (f) Parent may place appropriate legends on the certificates representing
Shares held by the Stockholders setting forth any restrictions appropriate for
compliance with U.S. federal securities laws. Parent will promptly issue
replacement certificates to the Stockholders, upon request, in order to permit
the Stockholders to engage in sales, transfers and other dispositions that are
not restricted under U.S. federal securities laws.

Section 3. Registration Rights. This Section 3 will become effective at the
Effective Time and will terminate and be of no further force and effect if the
Merger Agreement is terminated.

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     (a) Demand Registrations.

          (i) Right to Demand Registration. From and after the three-month
     anniversary of the Effective Time until the second anniversary of the
     Effective Time (the "Demand Period"), the Stockholders will have the right
     at any time to make a written request of Parent for registration (any such
     request, a "Stockholder Demand") with the Securities and Exchange
     Commission (the "Commission"), under and in accordance with the provisions
     of the Securities Act, of all or part of the Registrable Shares owned by
     the Stockholders (each a "Demand Registration" and such Stockholders, the
     "Demanding Holders"); provided that (x) Parent need not effect a Demand
     Registration involving less than $100 million of gross proceeds and (y)
     Parent may defer the filing or effectiveness of a Registration Statement
     (as defined below) in respect of such Demand Registration for a single
     period not to exceed 90 days during any one-year period, if the Parent
     Board determines in the exercise of its reasonable judgment and in good
     faith that to effect such Demand Registration at such time would have a
     material and adverse effect on any proposal or plan by Parent to engage in
     any significant corporate transaction; provided that in such event the
     Stockholders making such Stockholder Demand will be entitled to withdraw
     such Stockholder Demand and, if such Stockholder Demand is withdrawn, such
     registration will not be counted as a Stockholder Demand for purposes of
     Section 3(a)(ii), and the Demand Period will be extended by the length of
     such deferral. Within ten days after receipt of the request for a Demand
     Registration, Parent will send written notice (the "Demand Notice") of such
     registration request and its intention to comply therewith to all holders
     of Registrable Shares and, subject to subsection (iii) below, Parent will
     include in such registration all the Registrable Shares with respect to
     which Parent has received written requests for inclusion therein within 20
     Business Days after the date such Demand Notice is given. All requests made
     pursuant to this subsection (i) will specify the aggregate number of
     Registrable Shares requested to be registered and will also specify the
     intended methods of disposition thereof. Upon receipt of a Stockholder
     Demand, Parent will take all necessary and desirable actions within its
     control to effect registration of the Registrable Shares to be registered
     in accordance with the intended method of distribution specified in writing
     by the Demanding Holders as soon as practicable and will maintain the
     effectiveness of such Registration Statement until the earlier of the date
     (as such date may be extended pursuant to the terms hereof, the
     "Registration Termination Date") (A) which is one hundred eighty (180) days
     following the effective date of such Registration Statement and (B) on
     which all of the Registrable Shares covered by such Registration Statement
     have been disposed of in accordance with the intended methods of
     disposition by the seller or sellers thereof as set forth in such
     Registration Statement (but in any event not before the expiration of any
     longer period required under the Securities Act), which methods shall
     include, without limitation, block trades. If available to Parent, Parent
     will effect such registration on Form S-3 or such other form of
     registration statement that counsel to Parent advises and, if requested by
     the Demanding Holders, such registration will be a "shelf" registration
     statement providing for the registration of, and the sale on a continuous
     or delayed basis of the Registrable Shares, pursuant to Rule 415
     promulgated under the Securities Act or any similar rule that may be
     adopted by the Commission (a "Registration Statement"), and Parent will
     take all necessary and desirable actions within its control to maintain the
     effectiveness of such Registration Statement until the Registration
     Termination Date; provided, however,

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     that Parent will not effect a registration on Form S-3 or an equivalent
     form if Parent or the managing underwriter or underwriters determine that
     using a different registration form is in the best interests of Parent
     and/or the Demanding Holders and other holders of Registrable Shares.

          (ii) Number of Demand Registrations. The Stockholders, as a group,
     will be entitled to up to, but no more than, two Stockholder Demands;
     provided, however, that a Stockholder Demand will not be deemed to have
     been made unless the Registration Statement filed in connection therewith
     is kept continuously effective by Parent until the Registration Termination
     Date unless the reason such Registration Statement does not remain
     effective until the Registration Termination Date is solely as a result of
     the failure of the relevant Stockholders to take all actions reasonably
     required in order to have the Registration Statement remain effective for
     such period. Parent will not be required to cause a registration pursuant
     to Section 3(a)(i) to be declared effective within a period of 180 days
     after the date of any other Parent registration statement was declared
     effective pursuant to a Demand Registration request or a filing for
     Parent's own behalf.

          (iii) Priority on Demand Registrations. If in any Demand Registration
     the managing underwriter or underwriters thereof (or in the case of a
     Demand Registration not being underwritten, the Demanding Holders after
     consultation with an investment banker of nationally recognized standing)
     advise Parent in writing that in its or their reasonable opinion the number
     of securities proposed to be sold in such Demand Registration exceeds the
     number that can be sold in such offering without having a material and
     adverse effect on the success of the offering, Parent will include in such
     registration only the number of securities that, in the reasonable opinion
     of such underwriter or underwriters (or the Demanding Holders, as the case
     may be) can be sold without having a material and adverse effect on the
     success of the offering, as follows: first, the securities which the
     Stockholders, including the Demanding Holders, and the C Holders (pro rata
     among all such Stockholders and the C Holders on the basis of the relative
     percentage of Registrable Shares requested to be registered by all
     Stockholders and C Holders who have requested that securities owned by them
     be so included), propose to sell, and second, securities of any other
     holders of Parent's securities eligible to participate in such offering,
     pro rata among all such Persons on the basis of the relative percentage of
     such securities held by each of them. In the event that the managing
     underwriter or Demanding Holders determine that additional Registrable
     Shares may be sold in any Demand Registration without having a material and
     adverse effect on the success of the offering, Parent may include
     comparable securities to be issued and sold by Parent or comparable
     securities held by Persons other than the Parties.

          (iv) Selection of Underwriters. If a Demand Registration is to be an
     underwritten offering, the Stockholders will, after consultation with
     Parent, select a managing underwriter or underwriters of recognized
     national standing to administer the offering.

     (b) Piggyback Registrations. If Parent at any time proposes to register
under the Securities Act any Shares or any security convertible into or
exchangeable or exercisable for Shares (other than (i) any securities to be
registered on Form S-8 and (ii) any securities to be

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registered in connection with the Merger), whether or not for sale for its own
account and other than pursuant to a Demand Registration, on a form and in a
manner which would permit registration of the Registrable Shares held by the
Stockholders for sale to the public under the Securities Act, Parent will give
written notice of the proposed registration to the Stockholders not later than
30 days prior to the filing thereof. Each Stockholder will have the right to
request that all or any part of its Registrable Shares be included in such
registration. Each Stockholder can make such a request by giving written notice
to Parent within ten Business Days after the giving of such notice by Parent;
provided, however, that if the registration is an underwritten registration and
the managing underwriters of such offering determine that the aggregate amount
of securities of Parent which Parent and all Stockholders propose to include in
such Registration Statement exceeds the maximum amount of securities that may be
sold without having an adverse effect on the success of the offering, including
the selling price and other terms of such offering, Parent will include in such
registration, first, the securities which Parent proposes to sell, second, the
Registrable Shares of the Stockholders and any C Holders requesting
registration, pro rata among all such Stockholders and C Holders on the basis of
the relative percentage of Registrable Shares requested to be registered by all
Stockholders and C Holders who have requested that securities owned by them be
so included (it being further agreed and understood, however, that such
underwriters will have the right to eliminate entirely the participation of the
Stockholders and the C Holders), and third, the comparable securities of any
additional holders of Parent's securities, pro rata among all such holders on
the basis of the relative percentage of such securities held by each of them.
Registrable Shares proposed to be registered and sold pursuant to an
underwritten offering for the account of any Stockholder pursuant to this
Section 3(b) will be sold to the prospective underwriters selected or approved
by Parent, after consultation with the Stockholders, and on the terms and
subject to the conditions of one or more underwriting agreements negotiated
between Parent and the prospective underwriters. Any Stockholder who holds
Registrable Shares being registered in any offering will have the right to
receive a copy of the form of underwriting agreement and will have an
opportunity to hold discussions with the lead underwriter of the terms of such
underwriting agreement. Parent may withdraw any Registration Statement at any
time before it becomes effective, or postpone or terminate the offering of
securities, without obligation or liability to any Stockholder.

     (c) Holdback Agreements. Notwithstanding any other provision of this
Section 3, each Stockholder agrees that (if and to the extent the managing
underwriter(s) in an underwritten offering determine that such action is
necessary with respect to such offering and provided that such condition is also
applicable to the C Holders, if any, requesting registration of Registrable
Shares in such offering) it will not (and it will be a condition to the rights
of each Stockholder under this Section 3 that such Stockholder does not) offer
for Public Sale any Shares during the 90-day period after the effective date of
any Registration Statement filed by Parent in connection with an underwritten
public offering (except as part of such underwritten registration or as
otherwise permitted by such underwriters); provided, however, no Stockholder
will object to shortening such period if the underwriter agrees that shortening
such period would not materially and adversely effect the success of the
offering.

     (d) Expenses. Except as otherwise provided herein, all expenses,
disbursements and fees incurred by Parent and the Stockholders in connection
with any registration under this Section 3 (including, without limitation, the
reasonable expenses, disbursements and fees of one

                                       8
<PAGE>
counsel retained in connection with the Stockholders' first Demand Registration,
in an aggregate amount of up to $50,000) will be borne by Parent, except that
the following expenses will be borne by the Stockholders: (i) the expenses,
disbursements and fees of counsel to the Stockholders to the extent the
Stockholders retain counsel (other than as provided above with respect to the
Stockholders' first Demand Registration); (ii) discounts, commissions, fees or
similar compensation owing to underwriters, selling brokers, dealer managers or
other industry professionals, to the extent relating to the distribution or sale
of the Stockholders' securities; and (iii) transfer taxes with respect to the
securities sold by the Stockholders; provided, however, that the Stockholders
will reimburse Parent for any fees, costs and expenses paid by Parent in
connection with any Stockholder Demand (i) which is subsequently withdrawn by
the Stockholders after Parent has filed a Registration Statement with the
Commission in connection therewith or (ii) which is not declared effective
solely as a result of the failure of the Stockholders to take all actions
reasonably required in order to have the registration and the related
Registration Statement declared effective by the Commission. In any such event,
such demand registration will be counted as a Stockholder Demand for purposes of
Section 3(a)(ii).

     (e) Registration Procedures. In connection with any registration of
Registrable Shares under the Securities Act pursuant to this Agreement, Parent
will consult with each Stockholder whose equity interest is to be included in
any such registration concerning the form of underwriting agreement, will
provide to such Stockholders the form of underwriting agreement prior to
Parent's execution thereof and will provide to such Stockholders and their
representatives such other documents (including comments by the Commission on
the Registration Statement) as such Stockholders reasonably request in
connection with its participation in such registration. Parent will furnish such
Stockholders and each underwriter, if any, with a copy of the Registration
Statement and all amendments thereto and will supply such Stockholders and each
underwriter, if any, with copies of any prospectus (a "Prospectus") included
therein (including a preliminary Prospectus and all amendments and supplements
thereto), in such quantities as may be reasonably necessary for the purposes of
the proposed sale or distribution covered by such registration. Parent will not,
however, be required to maintain the Registration Statement effective or to
supply copies of a Prospectus for a period beyond the Registration Termination
Date and, following such date, Parent may deregister any securities covered by
such Registration Statement and not then sold or distributed. Whenever required
to effect the registration of any Registrable Shares under this Agreement,
Parent will, as promptly as possible:

          (i) prepare and file with the Commission a Registration Statement on
     any form on which Parent then qualifies, which counsel for Parent deems
     appropriate and pursuant to which an offering of such Registrable Shares
     may be made in accordance with the intended method of distribution thereof,
     and use its commercially reasonable efforts to cause any Registration
     Statement required hereunder to become effective as soon as practicable
     after the initial filing thereof and keep such Registration Statement
     effective until the Registration Termination Date;

          (ii) provide such Stockholders, any underwriter participating in any
     disposition pursuant to such Registration Statement and any attorney,
     accountant or other agent retained by such Stockholders, a reasonable
     opportunity to review and comment on such Registration Statement and each
     Prospectus included therein or filed with the

                                       9
<PAGE>
     Commission and each amendment or supplement thereto other than any
     amendments or supplements resulting from the incorporation by reference in
     such Registration Statement or Prospectus to Parent's periodic and current
     reports filed with the Commission under the Exchange Act;

          (iii) upon filing a Registration Statement or any Prospectus related
     thereto or any amendments or supplements thereto, furnish to such
     Stockholders and the underwriters, if any, copies of all such documents;

          (iv) prepare and file with the Commission such amendments and
     post-effective amendments to the Registration Statement as may be necessary
     to keep such Registration Statement effective until the Registration
     Termination Date; cause the related Prospectus to be supplemented by any
     required Prospectus supplement, and as so supplemented, to be filed
     pursuant to Rule 424 under the Securities Act; and comply with the
     provisions of the Securities Act and the Exchange Act with respect to the
     disposition of all securities covered by such Registration Statement during
     the applicable period in accordance with the intended methods of
     disposition by the sellers thereof set forth in such Registration Statement
     or supplement to such Prospectus;

          (v) promptly notify such Stockholders and any managing underwriters in
     writing, (A) when a Registration Statement or post-effective amendment to a
     Registration Statement or the related Prospectus or Prospectus supplement
     has been filed, and, with respect to a Registration Statement or any
     post-effective amendment, when the same has become effective, (B) of any
     request by the Commission or any state securities commission for amendments
     or supplements to a Registration Statement or related Prospectus or for
     additional information, (C) of the issuance by the Commission or any state
     securities commission of any stop order suspending the effectiveness of a
     Registration Statement or the initiation of any proceedings for that
     purpose, (D) of the receipt by Parent of any notification with respect to
     the suspension of the qualification of any of the Registrable Shares for
     sale in any jurisdiction or the initiation or threatening of any proceeding
     for such purpose, and (E) upon discovery that, or upon the happening of any
     event as a result of which, any Registration Statement or Prospectus (or
     any amendment or supplement thereto or document incorporated by reference
     therein) contains an untrue statement of a material fact or omits to state
     a material fact required to be stated therein or necessary to make the
     statements therein, in light of the circumstances under which they were
     made, not misleading;

          (vi) use its commercially reasonable efforts to prevent the issuance
     of any stop order by the Commission suspending the effectiveness of a
     Registration Statement to the extent the Company had knowledge of the
     threat of such stop order prior to its issuance, and in the event of such
     issuance, to use its reasonable best efforts to obtain the withdrawal of
     such stop order;

          (vii) except as prohibited under applicable law, if requested by the
     managing underwriters or such Stockholders, promptly consider for inclusion
     in a Prospectus supplement or post-effective amendment such information as
     the managing underwriters or the Stockholders holding a majority of the
     Registrable Shares being sold by such

                                       10
<PAGE>
     Stockholders agree should be included therein relating to the sale of such
     Registrable Shares, including information with respect to the amount of
     Registrable Shares being sold to such underwriters, the purchase price
     being paid therefor by such underwriters and with respect to any other
     terms of the underwritten (or best efforts underwritten) offering of the
     Registrable Shares to be sold in such offering; and make all required
     filings of such Prospectus supplement or post-effective amendment as soon
     as reasonably practicable after being notified of the matters to be
     incorporated in such Prospectus supplement or post-effective amendment;

          (viii) furnish to such Stockholders and each managing underwriter at
     least one signed copy of the Registration Statement and any post-effective
     amendment thereto, including financial statements and schedules, all
     documents incorporated therein by reference and all exhibits (including
     those incorporated by reference);

          (ix) deliver to such Stockholders and the underwriters, if any, as
     many copies of the Prospectus (including each preliminary Prospectus) and
     any amendment or supplement thereto as such Persons or entities may
     reasonably request;

          (x) prior to any Public Sale of Registrable Shares, register or
     qualify or cause to be registered or qualified such Registrable Shares for
     offer and sale under the securities or blue sky laws of such jurisdictions
     within the United States as such Stockholders or any underwriter reasonably
     requests in writing and do any and all other acts or things reasonably
     necessary or advisable to enable the disposition in such jurisdictions of
     the Registrable Shares covered by the applicable Registration Statement;
     provided, however, that Parent will not be required to qualify generally to
     do business in any jurisdiction where it is not then so qualified or to
     take any action which would subject it to general service of process or
     taxation in any such jurisdiction where it is not then so subject;

          (xi) cooperate with such Stockholders and the managing underwriters,
     if any, to facilitate the timely preparation and delivery of certificates
     representing Registrable Shares to be sold pursuant to such Registration
     Statement and not bearing any restrictive legends, and enable such
     Registrable Shares to be in such denominations and registered in such names
     as the managing underwriters may request at least two Business Days prior
     to any sale of Registrable Shares to the underwriters;

          (xii) if any discovery or event described in clause (v)(E) above
     occurs, notify such Stockholders of such discovery or event and prepare a
     supplement or post-effective amendment to the applicable Registration
     Statement or the related Prospectus or any document incorporated therein by
     reference or file any other required document so that, as thereafter
     delivered to the purchasers of the Registrable Shares being sold
     thereunder, such Prospectus will not contain an untrue statement of a
     material fact or omit to state any material fact necessary to make the
     statements therein, in light of the circumstances under which they were
     made, not misleading; provided, however, that in the event of the
     foregoing, the Registration Termination Date will be extended by the number
     of days during the period from and including the date of such notice from
     Parent to the Stockholders until and including the date of delivery of such
     supplement or amendment to such Registration Statement or related
     Prospectus;

                                       11
<PAGE>
          (xiii) cause all Registrable Shares covered by the Registration
     Statement to be listed on The New York Stock Exchange or each other
     securities exchange on which similar securities issued by Parent are then
     listed;

          (xiv) provide and cause to be maintained a transfer agent and
     registrar for all such Registrable Shares covered by the Registration
     Statement not later than the effective date of the Registration Statement;

          (xv) use its reasonable best efforts to obtain an opinion from
     Parent's counsel and a "cold comfort" letter from Parent's independent
     public accountants in customary form and covering such matters as are
     customarily covered by such opinions and "cold comfort" letters delivered
     to underwriters in underwritten public offerings and reasonably
     satisfactory to the Stockholders holding a majority of the Registrable
     Shares being sold by such Stockholders;

          (xvi) deliver promptly to each Stockholder participating in the
     offering and each underwriter, if any, copies of all correspondence between
     the Commission and Parent, its counsel or auditors and all memoranda
     relating to discussions with the Commission or its staff with respect to
     the Registration Statement, other than those portions of any such
     correspondence and memoranda which contain information subject to
     attorney-client privilege with respect to Parent, and, upon receipt of such
     confidentiality agreements as Parent may reasonably request, make
     reasonably available for inspection by any Stockholder selling such
     Registrable Shares covered by such Registration Statement, by any
     underwriter, if any, participating in any disposition to be effected
     pursuant to such Registration Statement and by any attorney, accountant or
     other agent retained by any such Stockholder or any such underwriter, all
     pertinent financial and other records, pertinent corporate documents and
     properties of Parent, and cause all of Parent's officers, directors and
     employees to supply all information reasonably requested by any such
     seller, underwriter, attorney, accountant or agent in connection with such
     Registration Statement;

          (xvii) provide a CUSIP number for all Registrable Shares included in
     such Registration Statement, not later than the effective date of the
     applicable Registration Statement;

          (xviii) enter into such agreements (including an underwriting
     agreement in form reasonably satisfactory to Parent) and take all such
     other reasonable actions in connection therewith in order to expedite or
     facilitate the disposition of such Registrable Shares;

          (xix) make available for inspection by a representative of such
     Stockholders, any underwriter participating in any disposition pursuant to
     a Registration Statement, and any attorney or accountant retained by such
     Stockholders or such underwriter, all financial and other records, any
     pertinent corporate documents and properties of Parent reasonably requested
     by such representative, underwriter, attorney or accountant in connection
     with such Registration Statement; provided, however, that any records,
     information or documents that are designated by Parent in writing as
     confidential will be

                                       12
<PAGE>
     kept confidential by such Persons or entities unless disclosure of such
     records, information or documents is required by court or administrative
     order;

          (xx) otherwise comply in all material respects with all applicable
     rules and regulations of the Commission and relevant state securities
     commissions, and make generally available to such Stockholders, earning
     statements satisfying the provisions of Section 12(a) of the Securities Act
     no later than 45 days after the end of any 12-month period (or 120 days, if
     such period is a fiscal year) commencing at the end of any fiscal quarter
     in which Registrable Shares of such Stockholders are sold to underwriters
     in an underwritten offering, or, if not sold to underwriters in such an
     offering, beginning with the first month of Parent's first fiscal quarter
     commencing after the effective date of a Registration Statement, which
     statements will cover said 12-month periods;

          (xxi) cause senior management to participate in "roadshow"
     presentations and other customary marketing efforts at reasonable times
     upon reasonable notice and in a manner that will not adversely affect
     Parent's business;

          (xxii) cooperate with such Stockholders, each underwriter
     participating in the disposition of such Registrable Shares and such
     underwriters' counsel in connection with any filings required to be made
     with the NASD;

          (xxiii) upon the request of the Stockholders holding a majority of the
     Registrable Shares being sold by such Stockholders, to request from the
     Commission acceleration of the effectiveness of such Registration
     Statement; and

          (xxiv) take all such other commercially reasonable actions as are
     necessary or advisable and/or reasonably requested by such Stockholders in
     order to expedite or facilitate the disposition of such Registrable Shares.

     (f) Each Stockholder hereby agrees that, upon receipt of any notice from
Parent of the happening of any event of the type described in Section
3(e)(v)(E), such Stockholder will forthwith discontinue disposition of such
Registrable Shares covered by such Registration Statement or related Prospectus
until such Stockholder's receipt of the copies of the supplemental or amended
Prospectus contemplated by Section 3(e)(xii), and, if so directed by Parent,
such Stockholder will deliver to Parent (at Parent's expense) all copies, other
than permanent file copies then in such Stockholder's possession, of the
Prospectus covering such Registrable Shares at the time of receipt of such
notice.

Section 4. Indemnification.

     (a) Indemnification by Parent. In the event of any registration of any
securities of Parent under the Securities Act pursuant to Section 3, Parent
will, and it hereby does, indemnify and hold harmless, to the extent permitted
by law, each of the Stockholders that holds any Registrable Shares covered by
such Registration Statement, each Affiliate of such Stockholder and such
Stockholder's directors, officers, employees and agents or general and limited
partners, each other Person who participates as an underwriter in the offering
or sale of such securities and each other Person, if any, who controls such
Stockholder or any such underwriter within the meaning of the Securities Act
(collectively, the "Stockholder Indemnified Parties"), against any

                                       13
<PAGE>
and all losses, claims, damages, or liabilities, joint or several, and expenses
(including reasonable attorneys' fees and expenses and any amounts paid in any
settlement effected with Parent's consent) to which any Stockholder Indemnified
Party may become subject under the Securities Act, state securities or blue sky
laws, common law or otherwise, insofar as such losses, claims, damages, or
liabilities (or actions or proceedings in respect thereof, whether or not such
Stockholder Indemnified Party is a party thereto) or expenses arise out of or
are based upon (i) any untrue statement or alleged untrue statement of any
material fact contained in any Registration Statement under which such
securities were registered under the Securities Act, any preliminary, final or
summary Prospectus contained therein, or any amendment or supplement thereto,
(ii) any omission or alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein, in light of
the circumstances under which they were made, not misleading, or (iii) any
violation by Parent of any federal, state or common law rule or regulation
applicable to Parent and relating to action required of or inaction by Parent in
connection with any such registration; provided, that Parent will not be liable
to any Stockholder Indemnified Party in any such case to the extent that any
such loss, claim, damage, liability (or action or proceeding in respect thereof)
or expense arises out of or is based upon any untrue statement or alleged untrue
statement or omission or alleged omission made in such Registration Statement or
amendment or supplement thereto or in any such preliminary, final or summary
Prospectus in reliance upon and in conformity with written information with
respect to such Stockholder or any underwriter who participates in the offering
or sale of Registrable Shares covered by a Registration Statement furnished by
such Stockholder or such underwriter to Parent. Such indemnity will remain in
full force and effect regardless of any investigation made by or on behalf of
such Stockholder or any Stockholder Indemnified Party and will survive the
transfer of such securities by such Stockholder.

     (b) Indemnification by the Stockholders and Underwriters. Parent may
require, as a condition to including any Registrable Shares in any Registration
Statement filed in accordance with Section 3, that Parent has received an
undertaking reasonably satisfactory to it from the Stockholders that own such
Registrable Shares or any underwriter to indemnify and hold harmless (in the
same manner and to the same extent as set forth in Section 4(a)) Parent, each
Affiliate of Parent, each of Parent's directors, officers, employees and agents
and each other Person who controls Parent within the meaning of the Securities
Act with respect to any statement or alleged statement in or omission or alleged
omission from such Registration Statement, any preliminary, final or summary
Prospectus contained therein, or any amendment or supplement, if such statement
or alleged statement or omission or alleged omission was made in reliance upon
and in conformity with written information with respect to the Stockholders
holding any of the Registrable Shares being registered or such underwriter that
is furnished in writing to Parent by such Stockholders or such underwriter, or a
document incorporated by reference into any of the foregoing; provided, that no
such Stockholder will be liable for any indemnity claims in excess of the amount
of net proceeds received by such Stockholder from the sale of Registrable
Shares. Such indemnity will remain in full force and effect regardless of any
investigation made by or on behalf of Parent or any of the Stockholders, or any
of their respective Affiliates, directors, officers or controlling Persons, and
will survive the transfer of such securities by such Stockholder.

     (c) Notices of Claims, Etc. Promptly after receipt by a Stockholder
Indemnified Party or Parent of written notice of the commencement of any action
or proceeding with respect

                                       14
<PAGE>
to which a claim for indemnification may be made pursuant to Section 4 (a) or
(b), as applicable (an "Indemnified Party"), such Indemnified Party will, if a
claim in respect thereof is to be made against an indemnifying party, give
written notice to the latter of the commencement of such action; provided, that
the failure of the Indemnified Party to give notice as provided herein will not
relieve the indemnifying party of its obligations under this Section 4, except
to the extent that the indemnifying party is actually prejudiced by such failure
to give notice. In case any such action is brought against an Indemnified Party,
the indemnifying party will be entitled to participate in and to assume the
defense thereof, with counsel satisfactory to such Indemnified Party, and after
notice from the indemnifying party to such Indemnified Party of its election to
assume the defense thereof, the indemnifying party will not be liable to such
Indemnified Party for any legal or other expenses subsequently incurred by the
latter in connection with the defense thereof; provided that the Indemnified
Party will have the right to employ counsel to represent the Indemnified Party
and its respective controlling persons, directors, officers, general or limited
partners, employees or agents who may be subject to liability arising out of any
claim in respect of which indemnity may be sought by the Indemnified Party
against such indemnifying party under this Section 4 if (i) the employment of
such counsel has been authorized in writing by such indemnifying party in
connection with the defense of such action, (ii) the indemnifying party has not
promptly employed counsel reasonably satisfactory to the Indemnified Party to
assume the defense of such action or (iii) any Indemnified Party has reasonably
concluded that there may be defenses available to such Indemnified Party or its
respective controlling persons, directors, officers, employees or agents which
are in conflict with or in addition to those available to the indemnifying
party, and in that event the reasonable fees and expenses of one firm of
separate counsel for the Indemnified Party will be paid by the indemnifying
party. No indemnifying party will consent to entry of any judgment or enter into
any settlement in connection with any claim or litigation which does not include
as a term thereof the giving by the claimant or plaintiff to such Indemnified
Party of an unconditional release from all liability in respect to such claim or
litigation.

     (d) If the indemnification provided for in this Section 4 shall for any
reason be unavailable to any Indemnified Party under Section 4(a) or Section
4(b) or is insufficient to hold it harmless in respect of any loss, claim,
damage, expense or liability, or any action in respect thereof referred to
therein, then each indemnifying party will contribute to the amount paid or
payable by such Indemnified Party as a result of such loss, claim, damage,
expense or liability, or action in respect thereof, (i) in such proportion as
may be appropriate to reflect the relative benefits received by the Indemnified
Party and indemnifying party or (ii) if the allocation provided by clause (i)
above is not permitted by applicable law, in such proportion as is appropriate
to reflect not only the relative benefits referred to in clause (i) above but
also the relative fault of the Indemnified Party and indemnifying party with
respect to the statements or omissions which resulted in such loss, claim,
damage, expense or liability, or action in respect thereof, as well as any other
relevant equitable considerations. Notwithstanding any other provision of this
Section 4(d), no Stockholder will be required to contribute an amount greater
than the dollar amount of the proceeds received by such Stockholder with respect
to the sale of any Registrable Shares. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
will be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation.

                                       15
<PAGE>
     (e) Non-Exclusivity. The obligations of the parties under this Section 4
will be in addition to any liability which any party may otherwise have to any
other party.

     Section 5. Information Requirements. Parent covenants that it will (i) file
the reports required to be filed by it under the Securities Act and the Exchange
Act, and the rules and regulations adopted by the Commission thereunder, and the
rules and regulations of the NYSE and any other securities markets or exchanges
on which the Shares are listed or quoted, within the time periods prescribed
thereby and (ii) take such further action as any Stockholder may reasonably
request, in each case to the extent required from time to time to enable such
Stockholder to sell Registrable Shares without registration under the Securities
Act within the limitation of the exemptions provided by Rule 144 and Rule 144A
promulgated under the Securities Act (as such rules may be amended from time to
time) or any similar rule or regulation adopted by the Commission after the date
hereof, including making available adequate current public information within
the meaning of Rule 144(c)(2) and delivering the information required by Rule
144A(d). Upon the request of any Stockholder, Parent will deliver to such
Stockholder a written statement as to whether it has complied with such
requirements.

     Section 6. Termination of Agreement. This Agreement will terminate upon the
mutual agreement of the Parties or the termination of the Merger Agreement. In
addition, this Agreement will terminate on the date on which the Stockholders no
longer Beneficially Own, in the aggregate, at least 5% of the issued and
outstanding shares of the Parent Common Stock.

     Section 7. Definitions, Etc.

     (a) In addition to terms defined elsewhere herein, as used in this
Agreement, the following terms have the following meanings:

     "13D Group" means any group of Persons formed for the purpose of acquiring,
holding, voting or disposing of voting Shares that would be required under
Section 13(d) of the Exchange Act, and the rules and regulations thereunder (as
in effect on, and based on legal interpretations thereof existing on, the date
hereof), to file a statement on Schedule 13D with the Commission as a "person"
within the meaning of Section 13(d)(3) of the Exchange Act if such group
Beneficially Owned voting Shares representing more than 5% of any class of
voting Shares then outstanding.

     "Affiliate" means with respect to a specified Person, any Person that
directly or indirectly through one or more intermediaries controls, is
controlled by or is under common control with the specified Person. As used in
this definition, the term "control" means the possession, directly or
indirectly, of the power to direct or cause the direction of the management and
policies of a Person, whether through ownership of voting securities, by
contract or otherwise. For purposes of this Agreement, (i) none of the following
will be deemed to be an Affiliate of any Stockholder: (A) the Company, (B) any
portfolio company of the Stockholders or their Affiliates, (C) any limited
partner of the Stockholders or their Affiliates or (D) any investment fund that
does not share the same general partner as such Stockholder, (ii) no Company
Sponsor will be deemed to be an Affiliate of the other Company Sponsor and (iii)
A.S.F. Co-Investment Partners, L.P. will not be deemed to be an Affiliate of any
Stockholder.

                                       16
<PAGE>
     "Beneficially Own" or "Beneficial Ownership" with respect to any securities
means having "beneficial ownership" of such securities as determined pursuant to
Rule 13d-3 under the Exchange Act. Without duplicative counting of the same
securities by the same holder, securities Beneficially Owned by a Person include
securities Beneficially Owned by all other Persons with whom such Person would
constitute a "group" within the meaning of Section 13(d) of the Exchange Act
with respect to the securities of the same issuer. Notwithstanding anything in
this Agreement, neither (i) the Stockholders and Parent nor (ii) the Company
Sponsors, are intended to be a "group" for purposes of Rule 13d-5 of the
Exchange Act and nothing in this Agreement will be interpreted in a manner that
requires that they be deemed to be a "group" thereunder.

     "Business Day" means any day that is not a Saturday, a Sunday or other day
on which banks are required or authorized by law to be closed in New York, New
York.

     "C Holders" means, collectively, Carlyle Partners III, L.P., a Delaware
limited liability partnership, CP III Coinvestment, L.P., a Delaware limited
partnership, Carlyle High Yield Partners, L.P., a Delaware limited partnership,
Carlyle-Dex Partners L.P., a Delaware limited partnership, and Carlyle-Dex
Partners II, L.P., a Delaware limited partnership.

     "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     "G Holders Registration Rights Agreement" means the Registration Rights
Agreement, dated November 25, 2002, among Parent and the other parties thereto.

     "Person" includes any individual, corporation, association, partnership
(general or limited), joint venture, trust, estate, limited liability company or
other legal entity or organization.

     "Public Sale" means a Transfer pursuant to a bona fide underwritten public
offering pursuant to an effective registration statement filed under the
Securities Act or pursuant to Rule 144 under the Securities Act (other than in a
privately negotiated sale).

     "Registrable Shares" means the Shares; provided, that Shares shall cease to
be "Registrable Shares" when such Shares are sold (i) by a Stockholder in a
transaction in which its rights under this Agreement are not assigned, (ii)
pursuant to an effective registration statement under the Securities Act, or
(iii) in a transaction exempt from the registration and prospectus delivery
requirements of the Securities Act (including transactions under Rule 144, or a
successor thereto, promulgated under the Securities Act) so that all restrictive
legends with respect thereto, if any, are removed upon the consummation of such
sale; and, provided further, that, with respect to any Transfer by a Stockholder
of Registrable Shares in accordance with this Agreement, such transferee's
Registrable Shares shall be limited to the Registrable Shares received from such
Stockholder hereunder.

     "Shares" means (i) shares of voting stock of Parent or (ii) any other
security of Parent or any successor thereto which is convertible into, or
exercisable or exchangeable for, shares of voting stock of Parent.

                                       17
<PAGE>
     "Standstill Period" means the period from the date hereof through the date
on which Parent issues its first quarterly earnings release after the later to
occur of (i) the Stockholders ceasing to own, in the aggregate, more than 5% of
the then-outstanding shares of Parent Common Stock and (ii) the Stockholder
Designee, if any, having resigned from the Parent Board pursuant to Section 1(d)
hereof.

     "Transfer" means a transfer, sale, assignment, pledge, hypothecation or
other disposition or exchange, and "Transferring" or "Transferred" have
correlative meanings.

     (b) When a reference is made in this Agreement to Articles, Sections or
Exhibits, such reference will be to an Article or Section of or Exhibit to this
Agreement unless otherwise indicated. Whenever the words "include," "includes"
or "including" are used in this Agreement, they will be deemed to be followed by
the words "without limitation." Unless the context otherwise requires (i) "or"
is disjunctive but not necessarily exclusive, (ii) words in the singular include
the plural and vice versa, and (iii) the use in this Agreement of a pronoun in
reference to a party hereto includes the masculine, feminine or neuter, as the
context may require. No provision of this Agreement will be interpreted in favor
of, or against, any of the Parties to this Agreement by reason of the extent to
which any such Party or its counsel participated in the drafting thereof or by
reason of the extent to which any such provision is inconsistent with any prior
draft hereof, and no rule of strict construction will be applied against any
party hereto. This Agreement will not be interpreted or construed to require any
Person to take any action, or fail to take any action, if to do so would violate
any applicable Law.

     (c) References to agreements and other documents will be deemed to include
all subsequent amendments and other modifications thereto.

     (d) References to statutes will include all regulations promulgated
thereunder and references to statutes or regulations will be construed as
including all statutory and regulatory provisions consolidating, amending or
replacing the statute or regulation.

Section 8. Miscellaneous

     (a) Access to Information. Parent shall permit, and shall cause its direct
and indirect subsidiaries to permit, any representatives designated by any
Stockholder (a "VCOC Stockholder") (x) that is required to be a "venture capital
operating company" pursuant to the terms of its Partnership Agreement or (y) the
assets of which would be considered "plan assets" unless it is considered to be
a venture capital operating company, in each case within the meaning of the
Department of Labor "plan asset" regulation, 29 C.F.R. Section 2510.3-101 (the
"Plan Asset Regulation"), upon reasonable notice, during normal business hours
and in a manner that does not unreasonably interfere with the management and
operation of Parent and/or such subsidiaries to: (i) examine the corporate and
financial records of Parent and such subsidiaries and make copies or extracts of
such records and (ii) discuss the affairs, finances and accounts of any such
entities with the officers and independent accountants of Parent and such
subsidiaries. In addition, Parent shall permit, and shall cause its direct and
indirect subsidiaries to permit, any one representative designated by any VCOC
Stockholder to attend meetings of the Parent Board (to the extent that such VCOC
Stockholder has not designated the Stockholder Designee pursuant to Section
1(a)(ii)(A)) or the board of directors of any such subsidiary as a non-voting
observer (with such rights and privileges as are reasonably necessary or
appropriate such that the right of the VCOC Stockholder to appoint such board
observer shall, collectively with the other rights described in this Section
8(a), constitute "management rights" within the meaning of the Plan Asset
Regulation); provided, that to the extent that any VCOC Stockholder has
appointed the Stockholder Designee to the Parent Board, such VCOC Stockholder
shall designate the Stockholder Designee as its non-voting observer with respect
to the board of directors of each applicable subsidiary. No representative of a
Stockholder will be entitled to the access rights specified in clauses (i) or
(ii) of the first sentence of this Section 8(a) or the rights to attend meetings
of the boards of directors under the second sentence of this Section 8(a) unless
and until such representative has entered into a customary confidentiality
agreement with Parent. Parent will have the right, after reasonable notice, to
require that any representative designated by a Stockholder under this Section
8(a) be replaced with another representative of such Stockholder.

     (b) Successors, Assigns and Transferees. This Agreement will be binding
upon and inure to the benefit of the Parties hereto and their respective legal
representatives, heirs, legatees, successors and assigns and any other
transferee of the Shares that is an Affiliate of a Stockholder and will also
apply to any Shares acquired by Stockholders after the date hereof. This
Agreement is not intended to and does not confer upon any Person other than the
Parties to any rights or remedies under this Agreement. The rights granted to
each Stockholder (together with the related obligations) pursuant to this
Agreement (but not including the rights and obligations

                                       18
<PAGE>

of the Stockholder pursuant to Section 1 of this Agreement and subject to the
proviso in Section 2(d)) may be Transferred by such Stockholder to any Person
who acquires from such Stockholder at least 5% of the Parent Common Stock
outstanding on the date of such Transfer; provided, that such Stockholder shall
give Parent written notice at the time of such Transfer stating the name and
address of the transferee and identifying the securities with respect to which
such rights are being assigned. In the event that any Stockholder Transfers all
or any portion of its Shares to any Affiliate of such Stockholder or to any
other Person pursuant to the prior sentence, such transferee will execute a
counterpart of this Agreement in the form attached as Exhibit A hereto and agree
to be bound by the terms hereof other than Section 1 of this Agreement, and be
entitled to the rights provided herein, for all purposes hereunder. Any
Affiliate of a Stockholder that receives Shares hereunder will be considered a
"Stockholder" for all purposes hereunder other than under Sections 1 and 8(a) of
this Agreement. The Company may not assign this Agreement without the written
consent of the Stockholders holding a majority of the Registrable Shares then
held by the Stockholders.

     (c) Specific Performance. The Parties acknowledge and agree that any breach
of the terms of this Agreement would give rise to irreparable harm for which
money damages would not be an adequate remedy, and, accordingly, the Parties
agree that, in addition to any other remedies, each will be entitled to enforce
the terms of this Agreement by a decree of specific performance without the
necessity of proving the inadequacy of money damages as a remedy and without the
necessity of posting bond.

     (d) Governing Law. This Agreement will be governed and construed in
accordance with the internal laws of the State of Delaware applicable to
contracts made and wholly performed within such state, without regard to any
applicable conflict of laws principles.

     (e) Submission to Jurisdiction; Waiver of Jury Trial. Each of the Parties
hereby agrees that any claim, suit, action or other proceeding, directly or
indirectly, arising out of, under or relating to this Agreement will be heard
and determined in the Chancery Court of the State of Delaware (and each agrees
that no such claim, action, suit or other proceeding relating to this Agreement
will be brought by it or any of its Affiliates except in such court), and the
Parties hereby irrevocably and unconditionally submit to the exclusive
jurisdiction of any such court in any such claim, suit, action or other
proceeding and irrevocably and unconditionally waive the defense of an
inconvenient forum to the maintenance of any such claim, suit, action or other
proceeding. Each of the parties hereto further agrees that, to the fullest
extent permitted by applicable law, service of any process, summons, notice or
document by U.S. registered mail to such Person's address for notice forth in
Section 8(g) will be effective service of process for any claim, action, suit or
other proceeding in Delaware with respect to any matters to which it has
submitted to jurisdiction as set forth above in the immediately preceding
sentence. The Parties hereto hereby agree that a final judgment in any such
claim, suit, action or other proceeding will be conclusive and may be enforced
in other jurisdictions by suit on the judgment or in any other manner provided
by applicable law. Each of the Parties irrevocably and unconditionally waives,
to the fullest extent permitted by applicable law, any and all rights to trial
by jury in connection with any litigation arising out of or relating to this
Agreement or the transactions contemplated hereby.

                                       19
<PAGE>
     (f) Descriptive Headings. The descriptive headings of this Agreement are
inserted for convenience only and do not constitute a part of this Agreement.

     (g) Notices. All notices and other communications in connection with this
Agreement will be in writing and will be deemed given (and will be deemed to
have been duly given upon receipt) if delivered personally, sent via facsimile
(with confirmation), mailed by registered or certified mail (return receipt
requested) or delivered by an express courier (with confirmation) to the parties
at the following addresses (or at such other address for a party as will be
specified by like notice): (i) for a Stockholder, at the addresses given for
that Stockholder on the list attached hereto as Exhibit B or such other address
as that Stockholder may specify by notice to Parent, and (ii) for Parent, at the
address for Parent set forth at Exhibit B.

     (h) Recapitalization, Exchange, Etc. Affecting Parent's Shares. The
provisions of this Agreement will apply, to the full extent set forth herein,
with respect to any and all Shares of Parent or any successor or assign of
Parent (whether by merger, consolidation, sale of assets, conversion to a
corporation or otherwise) that may be issued in respect of, in exchange for, or
in substitution of, the Shares and will be appropriately adjusted for any
dividends, splits, reverse splits, combinations, recapitalizations, and the like
occurring after the date hereof.

     (i) Counterparts. This Agreement may be executed in two or more
counterparts, all of which will be considered one and the same agreement and
will become effective when counterparts have been signed by each of the parties
and delivered to the other party, it being understood that each party need not
sign the same counterpart.

     (j) Severability. If any term or other provision of this Agreement is
declared invalid, illegal or unenforceable, all other conditions and provisions
of this Agreement will nevertheless remain in full force and effect so long as
the economic or legal substance of the transactions contemplated hereby is not
affected in any manner adverse to any party. Upon such determination that any
term or other provision is invalid, illegal or incapable of being enforced, the
Parties will negotiate in good faith to modify this Agreement so as to effect
the original intent of the parties as closely as possible in an acceptable
manner to the end that the transactions contemplated hereby are fulfilled to the
maximum extent possible.

     (k) Amendment. This Agreement may be amended only by written agreement
signed by the Parties. At any time hereafter, Persons acquiring Shares that are
Affiliates of a Stockholder may be made parties hereto by executing a signature
page in the form attached as Exhibit A hereto, which signature page will be
countersigned by Parent and will be attached to this Agreement and become a part
hereof without any further action of any other Party hereto.

     (l) Integration; No Inconsistent Agreements. This Agreement (including the
documents and the instruments referred to in this Agreement) constitutes the
entire agreement and supersedes all prior agreements and understandings, both
written and oral, between the parties with respect to the subject matter of this
Agreement. Except for the G Holders Registration Rights Agreement, which will be
terminated effective before or as of the Effective Time, and the Sponsor
Stockholders Agreement entered into between Parent and the C Holders on the date
hereof, (i) Parent has not entered into and will not enter into any agreement
that is inconsistent with the rights granted to the Stockholders in this
Agreement or that otherwise

                                       20
<PAGE>
conflicts with the provisions hereof and (ii) the rights granted to the
Stockholders hereunder do not in any way conflict with, and are not inconsistent
with the rights granted to the holders of Parent's other issued and outstanding
securities under, any such agreements.

     (m) Further Assurances. In connection with this Agreement and the
transactions contemplated thereby, each Stockholder will execute and deliver any
additional documents and instruments and perform any additional acts that may be
necessary or appropriate to effectuate and perform the provisions of this
Agreement and such transactions.

     (n) Current Agreements. Effective at the Effective Time, the following
agreements will without further action be terminated and of no further force and
effect.

          (i) the Current Stockholders Agreement;

          (ii) Agreement Among Members (Dex Holdings LLC) among Carlyle Partners
     III, L.P., Carlyle-Dex Partners L.P., Carlyle-Dex Partners II L.P., Welsh,
     Carson, Anderson & Stowe IX, L.P., WD Investors LLC, Dex Holdings LLC, Dex
     Media, Inc., Dex Media East, Inc. and Dex Media East LLC, dated November 8,
     2002 (as amended);

          (iii) Amended and Restated Management Consulting Agreement, dated as
     of June, 2004, between Dex Media East LLC and The Carlyle Group.;

          (iv) Amended and Restated Management Consulting Agreement, dated as of
     June, 2004, between Dex Media East LLC and Welsh, Carson, Anderson & Stowe;

          (v) Amended and Restated Management Consulting Agreement, dated as of
     June, 2004, between Dex Media West LLC and The Carlyle Group; and

          (vi) Amended and Restated Management Consulting Agreement, dated as of
     June, 2004, between Dex Media West LLC and Welsh, Carson, Anderson & Stowe.

                  [Remainder of Page Intentionally Left Blank]

                                       21
<PAGE>
     IN WITNESS WHEREOF, the Parties have executed this Sponsor Stockholders
Agreement as of the date first above written.

                                        R.H. DONNELLEY CORPORATION

                                        By:    /s/ Robert J. Bush
                                               ---------------------------------
                                        Name:  Robert J. Bush
                                        Title: Vice President, General Counsel
                                               and Corporate Secretary

                                       22
<PAGE>
                                        WCAS HOLDERS

                                        WELSH, CARSON, ANDERSON
                                        & STOWE IX, L.P.

                                        By: WCAS IX Associates, LLC,
                                            its General Partner

                                        By:   /s/ Jonathan Rather
                                              ----------------------------------
                                        Name: Jonathan Rather
                                        Title: Managing Member

                                        WD GP ASSOCIATES LLC

                                        By:   /s/ Jonathan Rather
                                              ----------------------------------
                                        Name: Jonathan Rather
                                        Title: Managing Member

                                        WD INVESTORS LLC

                                        By: WCAS IX Associates LLC,
                                            its Manager

                                        By:   /s/ Jonathan Rather
                                              ----------------------------------
                                        Name: Jonathan Rather
                                        Title: Managing Member

                                       23
<PAGE>
                                    EXHIBIT A

                                 SIGNATURE PAGE
                                     TO THE
                         SPONSOR STOCKHOLDERS AGREEMENT

     By execution of this signature page, ________________________________
hereby agrees to become a party to, be bound by the obligations of and receive
the benefits of the Sponsor Stockholders Agreement, dated as of October 2, 2005,
by and among R.H. Donnelley Corporation, Welsh, Carson, Anderson & Stowe IX,
L.P., a Delaware limited partnership, WD GP Associates LLC and WD Investors LLC.

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        Notice Address:

                                        ----------------------------------------

                                        ----------------------------------------

                                        ----------------------------------------

                                        Accepted:

                                        R.H. DONNELLEY CORPORATION

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------
<PAGE>
                                    EXHIBIT B

If to any Stockholder:

     c/o/ Welsh, Carson, Anderson & Stowe
     320 Park Avenue
     Suite 2500
     New York, New York 10022
     Attention: Anthony J. deNicola
     Facsimile: (212) 893-9548

     with a copy to

     Latham & Watkins LLP
     885 Third Avenue, Suite 1000
     New York, NY 10022
     Attention: R. Ronald Hopkinson
     Facsimile: (212) 751-4864

If to Parent:

     R.H. Donnelley Corporation
     1001 Winstead Drive
     Cary, NC 27531
     Attention: Robert J. Bush
     Vice President, General Counsel and Corporate Secretary
     Facsimile: (919) 279-1518

     with a copy to:

     Jones Day
     222 East 41st Street
     New York, NY 10017
     Attention: John J. Hyland
     Facsimile: (212) 755-7306

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