Document:

Indemnity Agreement

 EXHIBIT 10.6 
  
 INDEMNITY AGREEMENT 
  
 INDEMNITY AGREEMENT (the “Agreement”), dated as of May 1, 2000, between THE HERALD COMPANY, INC., a New York corporation (“Herald” or
the “Indemnitor”), and PULITZER INC., a Delaware corporation (“Pulitzer”). Capitalized terms used but not otherwise defined herein shall have the respective meanings given to such terms in the Joint Venture Agreement or the
Operating Agreement, each referred to below. 
  
 WITNESSETH:

  
 WHEREAS, Pulitzer, Herald, Pulitzer Technologies, Inc.
(“PTI”) and St. Louis Post-Dispatch LLC, a Delaware limited liability company (the “Company”), are parties to a Joint Venture Agreement, dated as of May 1, 2000 (the “Joint Venture Agreement”); 
  
 WHEREAS, Pulitzer, PTI and Herald are parties to the Operating Agreement of
the Company, dated as of May 1, 2000 (the “Operating Agreement”); 
  
 WHEREAS, the Company is a party to a Credit Agreement, dated as of May 1, 2000, between the Company and The Prudential Insurance Company of America and certain other institutional lenders (collectively, the
“Lenders”), as amended, supplemented or otherwise modified from time to time (the “Credit Agreement”), pursuant to which the Lenders have agreed to make a loan to the Company in the principal amount of $306,000,000 (the
“Company Debt”); 
  
 WHEREAS, the Company has executed a
promissory note, dated as of May 1, 2000, evidencing the Company Debt; 
  
 WHEREAS, Pulitzer has provided to the Lenders a full and unconditional guaranty of payment of the Company Debt pursuant to a Guaranty Agreement, dated as of May 1, 2000 (the “Pulitzer Guaranty”); 
  
 WHEREAS, as contemplated by and as more fully described in Section 3.12 of
the Operating Agreement, the parties thereto intend that the Company Debt will be refinanced on one or more occasions with Permanent Company Debt (as defined in the Operating Agreement); and 
  
 WHEREAS, the Indemnitor has agreed to indemnify Pulitzer against amounts that
may be actually paid by Pulitzer under the Pulitzer Guaranty, subject to the terms and limitations set forth herein. 

 NOW, THEREFORE, the parties hereto agree as follows: 
  
 SECTION 1. INDEMNITY. 
  
 (a) Subject to Sections 3 and 4 hereof, the Indemnitor unconditionally agrees
to indemnify Pulitzer for any payments of principal and interest with respect to the Company Debt that Pulitzer may make under the Pulitzer Guaranty, and any reasonable costs and expenses incurred by Pulitzer in connection with Indemnitor’s
performance of its obligations under this Agreement, if Pulitzer shall have (i) exhausted all of its rights (whether by subrogation or otherwise) to reimbursement or recovery from the Company or the Company’s assets and (ii) assigned its
Interest (as defined in the Operating Agreement), and caused PTI and all other Affiliates of Pulitzer to assign their Interests, to Herald (or to an Affiliate of Herald designated by Herald). Such indemnification payment shall be made within 30 days
after the Indemnitor’s receipt of written notice from Pulitzer of Pulitzer’s right to such payment. 
  
 (b) For purposes of this Agreement, the term “Company Debt” shall include any Permanent Company Debt; the term “Credit Agreement”
shall include any similar agreement entered into by the Company in respect of any Permanent Company Debt; and the term “Pulitzer Guaranty” shall include any similar agreement entered into by Pulitzer in connection with any Permanent
Company Debt. 
  
 SECTION 2. SUBROGATION. 
  
 (a) Upon the Indemnitor’s payment in full to Pulitzer pursuant to
Section 1(a) hereof, the Indemnitor shall be subrogated to the remaining rights of Pulitzer against the Company to the extent of such payment. For purposes of the Operating Agreement, on the day such payment is made, the Indemnitor shall be treated
as if it contributed an amount equal to the amount of the payment to the capital of the Company. 
  
 (b) Notwithstanding any provision of applicable Law, the Indemnitor hereby agrees that the assignment by Pulitzer, PTI and any other Affiliate of Pulitzer
of their respective Interests to Herald pursuant to Section 1(a) above shall constitute full satisfaction of any and all claims and other rights (whether legal or equitable) that Indemnitor may have or thereafter acquire against Pulitzer, the
Company, any Member of the Company or any other Person by reason of making a payment pursuant to Section 1(a) hereof (other than any rights under the Operating Agreement in respect of the deemed capital contribution described in Section 2(a) above),
including, without limitation, any right of indemnification, subrogation, reimbursement, exoneration, or contribution or any right to participate in any claim or remedy of the Lenders or Pulitzer against any person. 
  
 SECTION 3. LIMITATION ON AMOUNT OF INDEMNITY. Notwithstanding any provision
of this Agreement to the contrary, the aggregate obligation of the Indemnitor hereunder shall in no event exceed the sum of (i) $306,000,000 and (ii) in the event Indemnitor does not make payment in full of its indemnification obligations hereunder
to Pulitzer within ten (10) Business Days after the date such payment is due pursuant to 

  

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Section 1(a) above, the reasonable costs and expenses incurred by Pulitzer in connection with Indemnitor’s performance of its obligations under this
Agreement. 
  
 SECTION 4. TERMINATION. Except as otherwise
provided in this Section 4, this Agreement shall survive and be in full force and effect so long as any principal amount of, or accrued interest on, the Company Debt is outstanding and has not been paid in full. This Agreement shall terminate upon
the first to occur of the following (the “Cessation Date”): (i) the closing of the exercise of the Herald Put (as defined in the Operating Agreement); (ii) the repayment in full of the Company Debt, other than a repayment out of
refinancing proceeds; (iii) the liquidation and winding up of the Company pursuant to the terms of the Operating Agreement or otherwise under the Delaware Act or (iv) a sale by Herald, in accordance with the terms and conditions set forth in Section
7.1 of the Operating Agreement, of its entire Interest to any Person who is not a Related Person (as defined in Section 7.1 of the Operating Agreement) with respect to Herald; provided, that any such transferee of Herald’s Interest has agreed
in writing to assume all of Herald’s obligations hereunder. As of the Cessation Date, the Indemnitor shall be released from any and all liabilities hereunder; provided, however, that the Indemnitor shall not be released from any unpaid
liability of the Indemnitor if (x) a Default (as defined in the Credit Agreement) relating to the nonpayment of principal or interest on the Company Debt or Event of Default (as defined in the Credit Agreement) is pending under the Credit Agreement,
or (y) Pulitzer has made or is then entitled to make a demand pursuant to Section 1 hereof, or Pulitzer then would be so entitled to make a demand upon exhaustion of its rights to reimbursement or recovery from the Company or the Company’s
assets. 
  
 SECTION 5. NET WORTH OF INDEMNITOR. 
  
 (a) Herald represents that the information set forth in the letter from
Herald to Pulitzer dated as of the date hereof concerning the assets and liabilities of Herald is true, correct and complete. 
  
 (b) Herald covenants that, until the Termination Date or Cessation Date, it will not, directly or indirectly, dispose of any assets or incur any liability
or obligation that could be deemed to be part of a “plan to circumvent or avoid” (within the meaning of Regulations Section 1.752-2(b)(6) and Section 1.752-2(j)(3)) Herald’s indemnity obligation under this Agreement. 
  
 SECTION 6. NO THIRD PARTY RELIANCE. Nothing in this Agreement, expressed or
implied, is intended to confer upon any person other than the parties hereto and their respective permitted successors and assigns any rights or remedies under or by reason of this Agreement. Without limiting the foregoing, it is expressly
understood that the Lenders shall have no rights against the Indemnitor hereunder. 
  
 SECTION 7. GOVERNING LAW. This agreement shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to any choice of law provision or rule. 
  

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 SECTION 8. NO WAIVER; AMENDMENT. 
  
 (a) No failure on the part of the Indemnitor or Pulitzer to exercise, and no delay in exercising, any right, power or remedy
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy by the Indemnitor or Pulitzer preclude any other or further exercise thereof or the exercise of any other right, power or
remedy. All remedies hereunder are cumulative and are not exclusive of any other remedies provided by law. Neither the Indemnitor nor Pulitzer shall be deemed to have waived any rights hereunder unless such waiver shall be in writing and signed by
such parties. 
  
 (b) Neither this Agreement nor any provision
hereof may be waived, amended or modified except pursuant to a written agreement entered into between both parties hereto. 
  
 SECTION 9. NOTICES. All communications and notices hereunder between and among the parties hereto shall be in writing and given as provided in the Joint
Venture Agreement and addressed as specified therein. 
  
 SECTION
10. BINDING AGREEMENT. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of
the parties that are contained in this Agreement shall bind and inure to the benefit of their respective permitted successors and assigns. 
  
 SECTION 11. ASSIGNMENT. Pulitzer may assign or transfer its rights and obligations hereunder to any Person to which it may assign or transfer its rights
and obligations under the Operating Agreement or the Pulitzer Guaranty. Except as provided herein, no party hereto may assign or transfer any of its rights or obligations hereunder (and any such attempted assignment or transfer shall be void)
without the prior written consent of the other party hereto. 
  
 SECTION 12. SEVERABILITY. In case any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, neither party hereto shall be required to comply with such provision for so
long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby. The parties shall endeavor in
good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
  
 SECTION 13. COUNTERPARTS; EFFECTIVENESS; EXECUTION. This Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this
Agreement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 
  

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 SECTION 14. RULES OF INTERPRETATION. The rules of interpretation specified in Section 1.2 of the
Operating Agreement shall be applicable to this Agreement. 
  
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remainder of this page is intentionally left blank] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by
their duly authorized officers as of the date first appearing above. 
  

					
	 THE HERALD COMPANY, INC.

			
	By:	 	 	 	/s/    S.I. NEWHOUSE,
JR.        
	 	 	 Name:
	 	S.I. Newhouse, Jr.
	 	 	 Title:
	 	Vice President

  

					
	 PULITZER INC.

			
	By:	 	 	 	/s/    RONALD H. RIDGWAY        
	 	 	 Name:
	 	Ronald H. Ridgway
	 	 	 Title:
	 	Senior Vice President - Finance

  

 6License Agreement

 EXHIBIT 10.7 
  
 LICENSE AGREEMENT 
  
 THIS LICENSE AGREEMENT (the “License Agreement”) is made as of the 1st day of May, 2000, by and between PULITZER INC., a Delaware corporation (“Licensor”), and ST. LOUIS POST-DISPATCH LLC, a Delaware limited liability
company (“Licensee”). 
  
 WHEREAS, Licensor, Pulitzer
Technologies, Inc., a Delaware corporation (“PTI”), The Herald Company, Inc., a New York corporation (“Herald”), and Licensee have entered into a Joint Venture Agreement, dated as of May 1, 2000 (the “Joint Venture
Agreement”), pursuant to which Pulitzer, PTI and Herald have agreed to contribute to Licensee their respective interests in certain assets and liabilities relating to the St. Louis Post-Dispatch in exchange for equity interests in Licensee; and

  
 WHEREAS, the Joint Venture Agreement provides that Licensor
shall grant to Licensee a license as hereinafter provided; 
  
 NOW, THEREFORE, in consideration of the premises and the covenants and agreements herein contained, the parties agree as follows: 
  
 1. Grant of License. Licensor hereby grants Licensee a royalty-free license and right (which license and right shall be exclusive against all persons and
entities, except for Licensor and its Affiliates, as that term is defined in the Joint Venture Agreement), to use (A)(i) the whole or any part of the name, title and masthead of the St. Louis Post-Dispatch, together with (ii) the phrase
“Founded By Joseph Pulitzer, December 12, 1878” in the manner set forth in Exhibit A hereto, (iii) the names “Joseph Pulitzer”, “Joseph Pulitzer”, “Joseph Pulitzer” and “Michael E. Pulitzer” in the
manner set forth in Exhibit B hereto and (iv) the statement of the platform of the Post-Dispatch, but only together with the bust of Joseph Pulitzer, the phrase “The Post-Dispatch Platform” and the phrase “Joseph Pulitzer, April 10,
1907” in the manner set forth in Exhibit C hereto; (B) all intangible rights and privileges of whatever kind belonging or incidental to the foregoing, including any and all copyrights and trademarks relating thereto and (C) any and all
copyrights in the issues of the St. Louis Post-Dispatch published before, on or after the date hereof and the right to reprint all or any part thereof (collectively, the “Names and Other Rights”). 

 2. Term. The term of this License shall remain in effect for so long as and only for so long as Licensee
is in existence and actively conducting the various activities of the St. Louis Post-Dispatch. 
  
 3. Subsequent Event. If Licensor shall assign its Interest (as defined in the Operating Agreement) to Herald or its permitted successor or assignee pursuant to Section 1(a) of the Indemnity Agreement of even date
herewith between Licensor and Herald, Licensor shall simultaneously assign all its right, title and interest in and to the Names and Other Rights to Herald or its permitted successor or assignee. 
  
 4. Control by Licensor. Licensor shall maintain quality control of the manner
in which the Names and Other Rights are used by Licensee. To assure Licensee’s compliance with this Agreement, Licensee shall (i) provide Licensor, from time to time but not less than annually, with such samples of Licensee’s use of the
Names and Other Rights as Licensor shall request and (ii) promptly comply with any changes in its manner of use of the Names and Other Rights as Licensor, in writing, shall request consistent with the terms and provisions hereof. 
  
 5. Maintenance and Renewal. Licensor shall be responsible for, and Licensee
shall cooperate with and assist Licensor in, maintaining and renewing all copyright and trademark protection and registration of the Names and Other Rights. 
  
 6. Default. If, for a period of six consecutive months, Licensee fails to use the Names and Other Rights in conducting the various activities of the St.
Louis Post-Dispatch, or if Licensee becomes insolvent, or if Licensee initiates proceedings in any court under any bankruptcy, reorganization or similar law or for the appointment of a trustee or receiver of Licensee’s property, or if Licensee
is adjudicated a bankrupt or debtor under any bankruptcy, reorganization or similar law, or if there shall be a default in the performance of any agreement herein contained on the part of Licensee and such default remains uncured for more than 180
days after written notice of such default is given by Licensor, this License Agreement (if Licensor so elects by written notice to Licensee) shall immediately thereupon become null and void, and Licensee shall have no further right to use of the
Names and Other Rights. 
  
 7. Assignment and Sublicense. Licensee
shall not, without Licensor’s prior written consent, directly or indirectly, assign or sublicense its rights hereunder. 
  
 8. Indemnification. Licensor agrees to indemnify and hold Licensee and its officers, agents and employees harmless from and against any and all claims,
actions, liabilities, losses, damages, costs and expenses, including reasonable attorneys’ fees, arising out of any claim that Licensor did not have the right and power to enter into and perform this License Agreement and to license the Names
and Other Rights to Licensee as provided in this License Agreement without infringing the rights of any third party. Licensee shall notify Licensor promptly of any adverse use or infringement of the use of the Names and Other Rights by any third
parties and assist Licensor in all reasonable ways in the protection thereof. Subject to the first sentence of this Section 7, Licensor shall not be liable to Licensee for any loss or liability suffered by Licensee by reason of Licensee’s use
of the Names and Other Rights or by reason of any infringement thereof by any third parties unless caused by Licensor. 
  

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 9. Waivers. No assent, express or implied, by either party hereto, to any breach of any of the other
party’s covenants or agreements shall be deemed or taken to be a waiver of any succeeding breach of the same covenant or agreement. 
  
 10. Notices. All communications and notices between the parties hereto shall be in writing and given as provided in the Joint Venture Agreement and
addressed as specified therein. 
  
 11. Law Governing. This
License Agreement shall be governed by, construed and enforced in accordance with the internal laws of the State of New York, without giving effect to the conflicts of laws principles thereof. 
  
 12. Counterparts. This License Agreement may be executed in counterparts,
each of which shall constitute an original and all of which, when taken together, shall constitute one agreement, and any party hereto may execute this License Agreement by signing one or more counterparts hereof. 
  
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 IN WITNESS WHEREOF, the parties hereto have executed this License Agreement as of the day and year first
above written. 
  

					
	 PULITZER INC.

			
	By:	 	 	 	/s/    RONALD H. RIDGWAY        
	 	 	 Name:
	 	Ronald H. Ridgway
	 	 	 Title:
	 	Senior Vice President - Finance

  

					
	 ST. LOUIS POST-DISPATCH LLC

			
	By:	 	 	 	/s/    ROBIN L. SPEARS        
	 	 	 Name:
	 	Robin L. Spears
	 	 	 Title:
	 	Vice President - Finance

 EXHIBIT A 
  

FOUNDED BY JOSEPH PULITZER, DECEMBER 12, 1878 
  
 ST. LOUIS POST-DISPATCH 
  

			
	JOSEPH PULITZER	 	ROBERT C. WOODWORTH
	EDITOR & PUBLISHER	 	PRESIDENT & CEO
	1878-1911	 	 
		
	JOSEPH PULITZER	 	TERRANCE C.Z. EGGER
	EDITOR & PUBLISHER	 	PUBLISHER
	1912-1955	 	 
	 	 	MATTHEW G. KRANER
	 	 	GENERAL MANAGER
		
	JOSEPH PULITZER	 	RICHARD K. WEIL,
	EDITOR & PUBLISHER	 	JR. EXECUTIVE EDITOR
	1955-1986	 	 
	CHAIRMAN 1979-1993	 	ARNIE ROBBINS
	 	 	MANAGING EDITOR
		
	MICHAEL E. PULITZER	 	CHRISTINE A. BERTELSON
	CHAIRMAN & CEO	 	EDITORIAL PAGE EDITOR
	1993-1999	 	 
	CHAIRMAN 1999-	 	VIRGIL TIPTON DEPUTY EDITOR

 EXHIBIT B 
  

FOUNDED BY JOSEPH PULITZER, DECEMBER 12, 1878 
  
 ST. LOUIS POST-DISPATCH 
  

			
	JOSEPH PULITZER	 	ROBERT C. WOODWORTH
	EDITOR & PUBLISHER	 	PRESIDENT & CEO
	1878-1911	 	 
		
	JOSEPH PULITZER	 	TERRANCE C.Z. EGGER,
	EDITOR & PUBLISHER	 	PUBLISHER
		
	1912-1955	 	MATTHEW G. KRANER,
	 	 	GENERAL MANAGER
	JOSEPH PULITZER,	 	 
	EDITOR & PUBLISHER	 	RICHARD K. WEIL,
	1955-1986	 	JR., EXECUTIVE EDITOR
	CHAIRMAN 1979-1993	 	ARNIE ROBBINS,
	 	 	MANAGING EDITOR
		
	MICHAEL E. PULITZER,	 	CHRISTINE A. BERTELSON
	CHAIRMAN & CEO	 	EDITORIAL PAGE EDITOR
	1993-1998	 	 
	CHAIRMAN 1999 -	 	VIRGIL TIPTON, DEPUTY EDITOR

 EXHIBIT C 
  

I KNOW THAT MY RETIREMENT WILL MAKE NO DIFFERENCE IN ITS CARDINAL PRINCIPLES. THAT IT WILL ALWAYS FIGHT FOR PROGRESS AND REFORM, NEVER TOLERATE
INJUSTICE OR CORRUPTION, ALWAYS FIGHT [PICTURE]DEMAGOGUES OF ALL PARTIES, NEVER BELONG TO ANY PARTY, ALWAYS OPPOSE PRIVILEGED CLASSES AND PUBLIC PLUNDERERS, NEVER LACK SYMPATHY WITH THE POOR, ALWAYS REMAIN DEVOTED TO THE PUBLIC WELFARE, NEVER BE
SATISFIED WITH MERELY PRINTING NEWS, ALWAYS BE DRASTICALLY INDEPENDENT, NEVER BE AFRAID TO ATTACK WRONG, WHETHER BY PREDATORY PLUTOCRACY OR PREDATORY POVERTY. 
  

			
	THE POST-DISPATCH PLATFORM	  	JOSEPH PULITZER, APRIL 10, 1907

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