Document:

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                                                                     Exhibit 4.2

                                                               EXECUTION VERSION

                                  $175,000,000

                          NETWORK COMMUNICATIONS, INC.

                          10 3/4% SENIOR NOTES DUE 2013

                          REGISTRATION RIGHTS AGREEMENT

                                                               November 30, 2005

CREDIT SUISSE FIRST BOSTON LLC
TD SECURITIES (USA) LLC
c/o Credit Suisse First Boston LLC
   Eleven Madison Avenue
   New York, New York 10010-3629

Dear Sirs:

     Network Communications, Inc., a Georgia corporation (the "COMPANY"),
proposes to issue and sell to Credit Suisse First Boston LLC and TD Securities
(USA) LLC (collectively, the "INITIAL PURCHASERS"), upon the terms set forth in
a purchase agreement of even date herewith (the "PURCHASE AGREEMENT"),
$175,000,000 aggregate principal amount of its 10 3/4% Senior Notes due 2013
(the "INITIAL SECURITIES"). The Initial Securities will be issued pursuant to an
Indenture, dated as of November 30, 2005 (the "INDENTURE"), among the Company
and Wells Fargo Bank, N.A. (the "TRUSTEE"). As an inducement to the Initial
Purchasers, the Company agrees with the Initial Purchasers, for the benefit of
the holders of the Initial Securities (including, without limitation, the
Initial Purchasers), the Exchange Securities (as defined below) and the Private
Exchange Securities (as defined below) (collectively the "HOLDERS"), as follows:

     1. Registered Exchange Offer. The Company shall, at its own cost, prepare
and, not later than 240 days after (or if the 240th day is not a business day,
the first business day thereafter) the date of original issue of the Initial
Securities (the "ISSUE DATE"), file with the Securities and Exchange Commission
(the "COMMISSION") a registration statement (the "EXCHANGE OFFER REGISTRATION
STATEMENT") on an appropriate form under the Securities Act of 1933, as amended
(the "SECURITIES ACT"), with respect to a proposed offer (the "REGISTERED
EXCHANGE OFFER") to the Holders of Transfer Restricted Securities (as defined in
Section 6 hereof), who are not prohibited by any law or policy of the Commission
from participating in the Registered Exchange Offer, to issue and deliver to
such Holders, in exchange for the Initial Securities, a like aggregate principal
amount of debt securities (the "EXCHANGE SECURITIES") of the Company issued
under the Indenture and identical in all material respects to the Initial
Securities (except for the transfer restrictions relating to the Initial
Securities and the provisions relating to the matters described in Section 6
hereof) that would be registered under the Securities Act. The Company shall use
its commercially reasonable efforts to cause such Exchange Offer Registration
Statement to become effective under the Securities Act within 330 days (or if
the 330th day is not a business day, the first business day thereafter) after
the Issue Date of the Initial Securities and shall keep the Exchange Offer
Registration Statement effective for not less than 30 days (or longer, if
required by applicable law) after the date notice of the Registered Exchange
Offer is mailed to the Holders (such period being called the "EXCHANGE OFFER
REGISTRATION PERIOD").

     If the Company effects the Registered Exchange Offer, the Company will be
entitled to close the Registered Exchange Offer 30 days after the commencement
thereof provided that the Company has

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accepted all the Initial Securities theretofore validly tendered in accordance
with the terms of the Registered Exchange Offer.

     Following the declaration of the effectiveness of the Exchange Offer
Registration Statement, the Company shall promptly commence the Registered
Exchange Offer, it being the objective of such Registered Exchange Offer to
enable each Holder of Transfer Restricted Securities electing to exchange the
Initial Securities for Exchange Securities (assuming that such Holder is not an
affiliate of the Company within the meaning of the Securities Act, acquires the
Exchange Securities in the ordinary course of such Holder's business, has no
arrangements with any person to participate in the distribution of the Exchange
Securities and is not prohibited by any law or policy of the Commission from
participating in the Registered Exchange Offer) to trade such Exchange
Securities from and after their receipt without any limitations or restrictions
under the Securities Act and without material restrictions under the securities
laws of the several states of the United States.

     The Company acknowledges that, pursuant to current interpretations by the
Commission's staff of Section 5 of the Securities Act, In the absence of an
applicable exemption therefrom, (i) each Holder which is a broker-dealer
electing to exchange Securities, acquired for its own account as a result of
market making activities or other trading activities, for Exchange Securities
(an "EXCHANGING DEALER"), is required to deliver a prospectus containing the
information set forth in (a) Annex A hereto on the cover, (b) Annex B hereto in
the "Exchange Offer Procedures" section and the "Purpose of the Exchange Offer"
section, and (c) Annex C hereto in the "Plan of Distribution" section of such
prospectus in connection with a sale of any such Exchange Securities received by
such Exchanging Dealer pursuant to the Registered Exchange Offer and (ii) an
Initial Purchaser that elects to sell Exchange Securities acquired in exchange
for Securities constituting any portion of an unsold allotment is required to
deliver a prospectus containing the information required by Items 507 or 508 of
Regulation S-K under the Securities Act, as applicable, in connection with such
sale.

     The Company shall use reasonable best efforts to keep the Exchange Offer
Registration Statement effective and to amend and supplement the prospectus
contained therein, in order to permit such prospectus to be lawfully delivered
by all persons subject to the prospectus delivery requirements of the Securities
Act for such period of time as such persons must comply with such requirements
in order to resell the Exchange Securities; provided, however, that (i) in the
case where such prospectus and any amendment or supplement thereto must be
delivered by an Exchanging Dealer or an Initial Purchaser, such period shall be
the lesser of 180 days and the date on which all Exchanging Dealers and the
Initial Purchasers have sold all Exchange Securities held by them (unless such
period is extended pursuant to Section 3(j) below) and (ii) the Company shall
make such prospectus and any amendment or supplement thereto, available to any
broker-dealer for use in connection with any resale of any Exchange Securities
for a period of not less than 90 days after the consummation of the Registered
Exchange Offer.

     If, upon consummation of the Registered Exchange Offer, any Initial
Purchaser holds Initial Securities acquired by it as part of its initial
distribution, the Company, simultaneously with the delivery of the Exchange
Securities pursuant to the Registered Exchange Offer, shall issue and deliver to
such Initial Purchaser upon the written request of such Initial Purchaser, in
exchange (the "PRIVATE EXCHANGE") for the Initial Securities held by such
Initial Purchaser, a like principal amount of debt securities of the Company
issued under the Indenture and identical in all material respects (including the
existence of restrictions on transfer under the Securities Act and the
securities laws of the several states of the United States, but excluding
provisions relating to the matters described in Section 6 hereof) to the Initial
Securities (the "PRIVATE EXCHANGE SECURITIES"). The Initial Securities, the
Exchange Securities and the Private Exchange Securities are herein collectively
called the "SECURITIES".

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     In connection with the Registered Exchange Offer, the Company shall:

          (a) mail to each Holder a copy of the prospectus forming part of the
     Exchange Offer Registration Statement, together with an appropriate letter
     of transmittal (the "LETTER OF TRANSMITTAL") and related documents;

          (b) keep the Registered Exchange Offer open for not less than 30 days
     (or longer, if required by applicable law) after the date notice thereof is
     mailed to the Holders;

          (c) utilize the services of a depositary for the Registered Exchange
     Offer with an address in the Borough of Manhattan, The City of New York,
     which may be the Trustee or an affiliate of the Trustee;

          (d) permit Holders to withdraw tendered Securities at any time prior
     to the close of business, New York time, on the last business day on which
     the Registered Exchange Offer shall remain open; and

          (e) otherwise comply with all applicable laws.

     As soon as practicable after the close of the Registered Exchange Offer or
the Private Exchange, as the case may be, the Company shall:

          (x) accept for exchange all the Securities validly tendered and not
     withdrawn pursuant to the Registered Exchange Offer and the Private
     Exchange;

          (y) deliver to the Trustee for cancellation all the Initial Securities
     so accepted for exchange; and

          (z) cause the Trustee to authenticate and deliver promptly to each
     Holder of the Initial Securities, Exchange Securities or Private Exchange
     Securities, as the case may be, equal in principal amount to the Initial
     Securities of such Holder so accepted for exchange.

     The Indenture will provide that the Exchange Securities will not be subject
to the transfer restrictions set forth in the Indenture and that all the
Securities will vote and consent together on all matters as one class and that
none of the Securities will have the right to vote or consent as a class
separate from one another on any matter.

     Interest on each Exchange Security and Private Exchange Security issued
pursuant to the Registered Exchange Offer and in the Private Exchange will
accrue from the last interest payment date on which interest was paid on the
Initial Securities surrendered in exchange therefor or, if no interest has been
paid on the Initial Securities from the date of original issue of the Initial
Securities.

     Each Holder participating in the Registered Exchange Offer shall be
required to represent to the Company that at the time of the consummation of the
Registered Exchange Offer (i) any Exchange Securities received by such Holder
will be acquired in the ordinary course of business, (ii) such Holder will have
no arrangements or understanding with any person to participate in the
distribution of the Securities or the Exchange Securities within the meaning of
the Securities Act, (iii) such Holder is not an "affiliate," as defined in Rule
405 of the Securities Act, of the Company or if it is an affiliate, such Holder
will comply

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with the registration and prospectus delivery requirements of the Securities Act
to the extent applicable, (iv) if such Holder is not a broker-dealer, that it is
not engaged in, and does not intend to engage in, the distribution of the
Exchange Securities and (v) if such Holder is a broker-dealer, that it will
receive Exchange Securities for its own account in exchange for Initial
Securities that were acquired as a result of market-making activities or other
trading activities and that it will be required to acknowledge that it will
deliver a prospectus in connection with any resale of such Exchange Securities.

     Notwithstanding any other provisions hereof, the Company will ensure that
(i) any Exchange Offer Registration Statement and any amendment thereto and any
prospectus forming part thereof and any supplement thereto complies in all
material respects with the Securities Act and the rules and regulations
thereunder, (ii) any Exchange Offer Registration Statement and any amendment
thereto does not, when it becomes effective, contain an untrue statement of a
material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading and (iii) any prospectus
forming part of any Exchange Offer Registration Statement, and any supplement to
such prospectus, does not include an untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary in order to
make the statements therein, in the light of the circumstances under which they
were made, not misleading.

     2. Shelf Registration. If (i) because of any change in law or in applicable
interpretations thereof by the staff of the Commission, the Company is not
permitted to effect a Registered Exchange Offer, as contemplated by Section 1
hereof, (ii) the Registered Exchange Offer is not consummated within 360 days of
the Issue Date, (iii) any Initial Purchaser so requests with respect to the
Initial Securities (or the Private Exchange Securities) not eligible to be
exchanged for Exchange Securities in the Registered Exchange Offer and held by
it following consummation of the Registered Exchange Offer or (iv) any Holder
(other than an Exchanging Dealer) is not eligible to participate in the
Registered Exchange Offer or, in the case of any Holder (other than an
Exchanging Dealer) that participates in the Registered Exchange Offer, such
Holder does not receive freely tradeable Exchange Securities on the date of the
exchange, the Company shall take the following actions:

          (a) The Company shall, at its cost, as promptly as practicable (but in
     no event more than 30 days after so required or requested pursuant to this
     Section 2) file with the Commission and thereafter shall use reasonable
     best efforts to cause to be declared effective a registration statement
     (the "SHELF REGISTRATION STATEMENT" and, together with the Exchange Offer
     Registration Statement, a "REGISTRATION STATEMENT") on an appropriate form
     under the Securities Act relating to the offer and sale of the Transfer
     Restricted Securities (as defined in Section 6 hereof) by the Holders
     thereof from time to time in accordance with the methods of distribution
     set forth in the Shelf Registration Statement and Rule 415 under the
     Securities Act (hereinafter, the "SHELF REGISTRATION"); provided, however,
     that no Holder (other than an Initial Purchaser) shall be entitled to have
     the Securities held by it covered by such Shelf Registration Statement
     unless such Holder agrees in writing to be bound by all the provisions of
     this Agreement applicable to such Holder.

          (b) The Company shall use reasonable best efforts to keep the Shelf
     Registration Statement continuously effective in order to permit the
     prospectus included therein to be lawfully delivered by the holders of the
     relevant Securities, for a period of two years (or for such longer period
     if extended pursuant to Section 3(j) below) from the Issue Date or such
     shorter period that will terminate when all the Securities covered by the
     Shelf Registration Statement (i) have been sold pursuant thereto or (ii)
     are no longer restricted securities (as defined in Rule 144 under the
     Securities Act, or any successor rule thereof). The Company shall be deemed
     not to have used

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     reasonable best efforts to keep the Shelf Registration Statement effective
     during the requisite period if it voluntarily takes any action that would
     result in Holders of Securities covered thereby not being able to offer and
     sell such Securities during that period, unless such action is required by
     applicable law.

          (c) Notwithstanding any other provisions of this Agreement to the
     contrary, the Company shall cause the Shelf Registration Statement and the
     related prospectus and any amendment or supplement thereto, as of the
     effective date of the Shelf Registration Statement, amendment or
     supplement, (i) to comply in all material respects with the applicable
     requirements of the Securities Act and the rules and regulations of the
     Commission and (ii) not to contain any untrue statement of a material fact
     or omit to state a material fact required to be stated therein or necessary
     in order to make the statements therein, in light of the circumstances
     under which they were made, not misleading.

     3. Registration Procedures. In connection with any Shelf Registration
contemplated by Section 2 hereof and, to the extent applicable, any Registered
Exchange Offer contemplated by Section 1 hereof, the following provisions shall
apply.

          (a) The Company shall (i) furnish to each Initial Purchaser, prior to
     the filing thereof with the Commission, a copy of the Registration
     Statement and each amendment thereof and each supplement, if any, to the
     prospectus included therein and, in the event that an Initial Purchaser
     (with respect to any portion of an unsold allotment from the original
     offering) is participating in the Registered Exchange Offer or the Shelf
     Registration Statement, the Company shall use reasonable best efforts to
     reflect in each such document, when so filed with the Commission, such
     comments as such Initial Purchaser may reasonably propose; (ii) include the
     information set forth in Annex A hereto on the cover, in Annex B hereto in
     the "Exchange Offer Procedures" section and the "Purpose of the Exchange
     Offer" section and in Annex C hereto in the "Plan of Distribution" section
     of the prospectus forming a part of the Exchange Offer Registration
     Statement and include the information set forth in Annex D hereto in the
     Letter of Transmittal delivered pursuant to the Registered Exchange Offer;
     (iii) if requested by an Initial Purchaser, include the information
     required by Items 507 or 508 of Regulation S-K under the Securities Act, as
     applicable, in the prospectus forming a part of the Exchange Offer
     Registration Statement; (iv) include within the prospectus contained in the
     Exchange Offer Registration Statement a section entitled "Plan of
     Distribution" reasonably acceptable to the Initial Purchasers, which shall
     contain a summary statement of the positions taken or policies made by the
     staff of the Commission with respect to the potential "underwriter" status
     of any broker-dealer that is the beneficial owner (as defined in Rule 13d-3
     under the Securities Exchange Act of 1934, as amended (the "EXCHANGE ACT"))
     of Exchange Securities received by such broker-dealer in the Registered
     Exchange Offer (a "PARTICIPATING BROKER-DEALER"), whether such positions or
     policies have been publicly disseminated by the staff of the Commission or
     such positions or policies, in the reasonable judgment of the Initial
     Purchasers based upon advice of counsel (which may be in-house counsel),
     represent the prevailing views of the staff of the Commission; and (v) in
     the case of a Shelf Registration Statement, include the names of the
     Holders, who propose to sell Securities pursuant to the Shelf Registration
     Statement, as selling securityholders.

          (b) The Company shall give written notice to the Initial Purchasers,
     the Holders of the Securities and any Participating Broker-Dealer from whom
     the Company has received prior written notice that it will be a
     Participating Broker-Dealer in the Registered Exchange Offer (which notice

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     pursuant to clauses (ii)-(v) hereof shall be accompanied by an instruction
     to suspend the use of the prospectus until the requisite changes have been
     made):

               (i) when the Registration Statement or any amendment thereto has
          been filed with the Commission and when the Registration Statement or
          any post-effective amendment thereto has become effective;

               (ii) of any request by the Commission for amendments or
          supplements to the Registration Statement or the prospectus included
          therein or for additional information;

               (iii) of the issuance by the Commission of any stop order
          suspending the effectiveness of the Registration Statement or the
          initiation of any proceedings for that purpose;

               (iv) of the receipt by the Company or its legal counsel of any
          notification with respect to the suspension of the qualification of
          the Securities for sale in any jurisdiction or the initiation or
          threatening of any proceeding for such purpose; and

               (v) of the happening of any event that requires the Company to
          make changes in the Registration Statement or the prospectus in order
          that the Registration Statement or the prospectus do not contain an
          untrue statement of a material fact nor omit to state a material fact
          required to be stated therein or necessary to make the statements
          therein (in the case of the prospectus, in light of the circumstances
          under which they were made) not misleading.

          (c) The Company shall make reasonable best efforts to obtain the
     withdrawal at the earliest possible time, of any order suspending the
     effectiveness of the Registration Statement.

          (d) The Company shall furnish to each Holder of Securities included
     within the coverage of the Shelf Registration, without charge, at least one
     copy of the Shelf Registration Statement and any post-effective amendment
     thereto, including financial statements and schedules, and, if the Holder
     so requests in writing, all exhibits thereto (including those, if any,
     incorporated by reference).

          (e) The Company shall deliver to each Exchanging Dealer and each
     Initial Purchaser, and to any other Holder who so requests, without charge,
     at least one copy of the Exchange Offer Registration Statement and any
     post-effective amendment thereto, including financial statements and
     schedules, and, if any Initial Purchaser or any such Holder requests, all
     exhibits thereto (including those incorporated by reference).

          (f) He Company shall, during the Shelf Registration Period, deliver to
     each Holder of Securities included within the coverage of the Shelf
     Registration, without charge, as many copies of the prospectus (including
     each preliminary prospectus) included in the Shelf Registration Statement
     and any amendment or supplement thereto as such person may reasonably
     request The Company consents, subject to the provisions of this Agreement,
     to the use of the prospectus or any amendment or supplement thereto by each
     of the selling Holders of the Securities in connection with the offering
     and sale of the Securities covered by the prospectus, or any amendment or
     supplement thereto, included in the Shelf Registration Statement.

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          (g) The Company shall deliver to each Initial Purchaser, any
     Exchanging Dealer, any Participating Broker-Dealer and such other persons
     required to deliver a prospectus following the Registered Exchange Offer,
     without charge, as many copies of the final prospectus included in the
     Exchange Offer Registration Statement and any amendment or supplement
     thereto as such persons may reasonably request. The Company consents,
     subject to the provisions of this Agreement, to the use of the prospectus
     or any amendment or supplement thereto by any Initial Purchaser, if
     necessary, any Participating Broker-Dealer and such other persons required
     to deliver a prospectus following the Registered Exchange Offer in
     connection with the offering and sale of the Exchange Securities covered by
     the prospectus, or any amendment or supplement thereto, included in such
     Exchange Offer Registration Statement.

          (h) Prior to any public offering of the Securities, pursuant to any
     Registration Statement, the Company shall register or qualify or cooperate
     with the Holders of the Securities included therein and their respective
     counsel in connection with the registration or qualification of the
     Securities for offer and sale under the securities or "blue sky" laws of
     such states of the United States as any Holder of the Securities reasonably
     requests in writing and do any and all other acts or things necessary or
     advisable to enable the offer and sale in such jurisdictions of the
     Securities covered by such Registration Statement; provided, however, that
     the Company shall not be required to (i) qualify generally to do business
     in any jurisdiction where it is not then so qualified or (ii) take any
     action which would subject it to general service of process or to taxation
     in any jurisdiction where it is not then so subject.

          (i) The Company shall cooperate with the Holders of the Securities to
     facilitate the timely preparation and delivery of certificates representing
     the Securities to be sold pursuant to any Registration Statement free of
     any restrictive legends and in such denominations and registered in such
     names as the Holders may request a reasonable period of time prior to sales
     of the Securities pursuant to such Registration Statement.

          (j) Upon the occurrence of any event contemplated by paragraphs (ii)
     through (v) of Section 3(b) above during the period for which the Company
     is required to maintain an effective Registration Statement, the Company
     shall promptly prepare and file a post-effective amendment to the
     Registration Statement or a supplement to the related prospectus and any
     other required document so that, as thereafter delivered to Holders of the
     Securities or purchasers of Securities, the prospectus will not contain an
     untrue statement of a material fact or omit to state any material fact
     required to be stated therein or necessary to make the statements therein,
     in light of the circumstances under which they were made, not misleading.
     If the Company notifies the Initial Purchasers, the Holders of the
     Securities and any known Participating Broker-Dealer in accordance with
     paragraphs (ii) through (v) of Section 3(b) above to suspend the use of the
     prospectus until the requisite changes to the prospectus have been made,
     then the Initial Purchasers, the Holders of the Securities and any such
     Participating Broker-Dealers shall suspend use of such prospectus, and the
     period of effectiveness of the Shelf Registration Statement provided for in
     Section 2(b) above and the Exchange Offer Registration Statement provided
     for in Section 1 above shall each be extended by the number of days from
     and including the date of the giving of such notice to and including the
     date when the Initial Purchasers, the Holders of the Securities and any
     known Participating Broker-Dealer shall have received such amended or
     supplemented prospectus pursuant to this Section 3(j).

          (k) Not later than the effective date of the applicable Registration
     Statement, the Company will provide a CUSIP number for the Initial
     Securities, the Exchange Securities or the

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     Private Exchange Securities, as the case may be, and provide the applicable
     trustee with printed certificates for the Initial Securities, the Exchange
     Securities or the Private Exchange Securities, as the case may be, in a
     form eligible for deposit with The Depository Trust Company.

          (l) The Company will comply with all rules and regulations of the
     Commission to the extent and so long as they are applicable to the
     Registered Exchange Offer or the Shelf Registration and will make generally
     available to its securityholders (or otherwise provide in accordance with
     Section 11(a) of the Securities Act) an earnings statement satisfying the
     provisions of Section 11 (a) of the Securities Act, no later than 45 days
     after the end of a 12-month period (or 90 days, if such period is a fiscal
     year) beginning with the first month of the Company's first fiscal quarter
     commencing after the effective date of the Registration Statement, which
     statement shall cover such 12-month period.

          (m) The Company shall cause the Indenture to be qualified under the
     Trust Indenture Act of 1939, as amended, in a timely manner and containing
     such changes, if any, as shall be necessary for such qualification. In the
     event that such qualification would require the appointment of a new
     trustee under the Indenture, the Company shall appoint a new trustee
     thereunder pursuant to the applicable provisions of the Indenture.

          (n) The Company may require each Holder of Securities to be sold
     pursuant to the Shelf Registration Statement to furnish to the Company such
     information regarding the Holder and the distribution of the Securities as
     the Company may from time to time reasonably require for inclusion in the
     Shelf Registration Statement, and the Company may exclude from such
     registration the Securities of any Holder that unreasonably fails to
     furnish such information within a reasonable time after receiving such
     request.

          (o) The Company shall enter into such customary agreements (including,
     if requested, an underwriting agreement in customary form) and take all
     such other action, if any, as any Holder of the Securities shall reasonably
     request in order to facilitate the disposition of the Securities pursuant
     to any Shelf Registration.

          (p) In the case of any Shelf Registration, the Company shall (i) make
     reasonably available for Inspection by the Holders of the Securities, any
     underwriter participating in any disposition pursuant to the Shelf
     Registration Statement and any attorney, accountant or other agent retained
     by the Holders of the Securities or any such underwriter all relevant
     financial and other records, pertinent corporate documents and properties
     of the Company and (ii) cause the Company's officers, directors,
     employees, accountants and auditors to supply all relevant information
     reasonably requested by the Holders of the Securities or any such
     underwriter, attorney, accountant or agent in connection with the Shelf
     Registration Statement, in each case, as shall be reasonably necessary to
     enable such persons, to conduct a reasonable investigation within the
     meaning of Section 11 of the Securities Act; provided, however, that the
     foregoing inspection and information gathering shall be coordinated on
     behalf of the Initial Purchasers by you and on behalf of the other parties,
     by one counsel designated by and on behalf of such other parties as
     described in Section 4 hereof.

          (q) In the case of any Shelf Registration, the Company, if requested
     by any Holder of Securities covered thereby, shall cause (i) its counsel to
     deliver an opinion and updates thereof relating to the Securities in
     customary form addressed to such Holders and the managing underwriters, if
     any, thereof and dated, in the case of the initial opinion, the effective
     date of such

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     Shelf Registration Statement (it being agreed that the matters to be
     covered by such opinion shall include, without limitation, the due
     incorporation and good standing of the Company and its subsidiaries; the
     qualification of the Company and its subsidiaries to transact business as
     foreign corporations; the due authorization, execution and delivery of the
     relevant agreement of the type referred to in Section 3(o) hereof; the due
     authorization, execution, authentication and issuance, and the validity and
     enforceability, of the applicable Securities; the absence of material legal
     or governmental proceedings involving the Company and its subsidiaries; the
     absence of governmental approvals required to be obtained in connection
     with the Shelf Registration Statement, the offering and sale of the
     applicable Securities, or any agreement of the type referred to in Section
     3(o) hereof; the compliance as to form of such Shelf Registration Statement
     and any documents incorporated by reference therein and of the Indenture
     with the requirements of the Securities Act and the Trust Indenture Act,
     respectively; and, as of the date of the opinion and as of the effective
     date of the Shelf Registration Statement or most recent post-effective
     amendment thereto, as the case may be, the absence from such Shelf
     Registration Statement and the prospectus included therein, as then amended
     or supplemented, and from any documents incorporated by reference therein
     of an untrue statement of a material fact or the omission to state therein
     a material fact required to be stated therein or necessary to make the
     statements therein not misleading (in the case of any such documents, in
     the light of the circumstances existing at the time that such documents
     were filed with the Commission under the Exchange Act); (ii) its officers
     to execute and deliver all customary documents and certificates and updates
     thereof requested by any underwriters of the applicable Securities and
     (iii) its independent public accountants and the independent public
     accountants with respect to any other entity for which financial
     information is provided in the Shelf Registration Statement to provide to
     the selling Holders of the applicable Securities and any underwriter
     therefor a comfort letter in customary form and covering matters of the
     type customarily covered in comfort letters in connection with primary
     underwritten offerings, subject to receipt of appropriate documentation as
     contemplated, and only if permitted, by AU Section 634, Letters for
     Underwriters and Certain Other Requesting parties.

          (r) In the case of the Registered Exchange Offer, if requested by any
     Initial Purchaser or any known Participating Broker-Dealer, the Company
     shall cause (i) its counsel to deliver to such Initial Purchaser or such
     Participating Broker-Dealer a signed opinion in the form set forth in
     Section 6(c) of the Purchase Agreement with such changes as are customary
     in connection with the preparation of a Registration Statement and (ii) its
     independent public accountants to deliver to such Initial Purchaser or such
     Participating Broker-Dealer a comfort letter, in customary form, meeting
     the requirements as to the substance thereof as set forth in Sections 6(a)
     and 6(f) of the Purchase Agreement, with appropriate date changes.

          (s) If a Registered Exchange Offer or a Private Exchange is to be
     consummated, upon delivery of the Initial Securities by Holders to the
     Company (or to such other Person as directed by the Company) in exchange
     for the Exchange Securities or the Private Exchange Securities, as the case
     may be, the Company shall mark, or caused to be marked, on the Initial
     Securities so exchanged that such Initial Securities are being canceled in
     exchange for the Exchange Securities or the Private Exchange Securities, as
     the case may be; in no event shall the Initial Securities be marked as paid
     or otherwise satisfied.

          (t) The Company will use reasonable best efforts to (a) if the Initial
     Securities have been rated prior to the initial sale of such Initial
     Securities, confirm such ratings will apply to the Securities covered by a
     Registration Statement, or (b) if the Initial Securities were not
     previously rated, cause the Securities covered by a Registration Statement
     to be rated with the appropriate

                                        9
<PAGE>

     rating agencies, if so requested by Holders of a majority in aggregate
     principal amount of Securities covered by such Registration Statement, or
     by the managing underwriters, if any.

          (u) In the event that any broker-dealer registered under the Exchange
     Act shall underwrite any Securities or participate as a member of an
     underwriting syndicate or selling group or "assist in the distribution"
     (within the meaning of the Conduct Rules (the "Rules") of the National
     Association of Securities Dealers, Inc. ("NASD")) thereof, whether as a
     Holder of such Securities or as an underwriter, a placement or sales agent
     or a broker or dealer in respect thereof, or otherwise, the Company will
     assist such broker-dealer in complying with the requirements of such Rules,
     including, without limitation, by (i) if such Rules, including Rule 2720,
     shall so require, engaging a "qualified independent underwriter" (as
     defined in Rule 2720) to participate in the preparation of the Registration
     Statement relating to such Securities, to exercise usual standards of due
     diligence in respect thereto and, if any portion of the offering
     contemplated by such Registration Statement is an underwritten offering or
     is made through a placement or sales agent, to recommend the yield of such
     Securities, (ii) indemnifying any such qualified independent underwriter to
     the extent of the indemnification of underwriters provided in Section 5
     hereof and (iii) providing such information to such broker-dealer as may be
     required in order for such broker-dealer to comply with the requirements of
     the Rules.

          (v) The Company shall use reasonable best efforts to take all other
     steps necessary to effect the registration of the Securities covered by a
     Registration Statement contemplated hereby.

     4. Registration Expenses. The Company shall bear all fees and expenses
incurred in connection with the performance of its obligations under Sections 1
through 3 hereof (including the reasonable fees and expenses, if any, of
Cravath, Swaine & Moore LLP, counsel for the Initial Purchasers, incurred in
connection with the Registered Exchange Offer), whether or not the Registered
Exchange Offer or a Shelf Registration is filed or becomes effective, and, in
the event of a Shelf Registration, shall bear or reimburse the Holders of the
Securities covered thereby for the reasonable fees and disbursements of one firm
of counsel designated by the Holders of a majority in principal amount of the
Initial Securities covered thereby to act as counsel for the Holders of the
Initial Securities in connection therewith.

     5. Indemnification. (a) The Company agrees to indemnify and hold harmless
each Holder of the Securities, any Participating Broker-Dealer and each person,
if any, who controls such Holder or such Participating Broker-Dealer within the
meaning of the Securities Act or the Exchange Act (each Holder, any
Participating Broker-Dealer and such controlling persons are referred to
collectively as the "INDEMNIFIED PARTIES") from and against any losses, claims,
damages or liabilities, joint or several, or any actions in respect thereof
(including, but not limited to, any losses, claims, damages, liabilities or
actions relating to purchases and sales of the Securities) to which each
Indemnified Party may become subject under the Securities Act, the Exchange Act
or otherwise, insofar as such losses, claims, damages, liabilities or actions
arise out of or are based upon any untrue statement or alleged untrue statement
of a material fact contained in a Registration Statement or prospectus or in any
amendment or supplement thereto or in any preliminary prospectus relating to a
Shelf Registration, or arise out of, or are based upon, the omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading and shall reimburse, as incurred, the
indemnified Parties for any legal or other expenses reasonably incurred by them
in connection with investigating or defending any such loss, claim, damage,
liability or action in respect thereof; provided however, that (i) the Company
shall not be liable in any such case to the extent that such loss, claim, damage
or liability arises out of or is based upon any untrue statement or alleged
untrue statement or omission or alleged omission made in a Registration
Statement or prospectus or in any

                                       10

<PAGE>

amendment or supplement thereto or in any preliminary prospectus relating to a
Shelf Registration in reliance upon and in conformity with written information
pertaining to such Holder and furnished to the Company by or on behalf of such
Holder specifically for inclusion therein and (ii) with respect to any untrue
statement or omission or alleged untrue statement or omission made in any
preliminary prospectus relating to a Shelf Registration Statement, the indemnity
agreement contained in this subsection (a) shall not inure to the benefit of any
Holder or Participating Broker-Dealer from whom the person asserting any such
losses, claims, damages or liabilities purchased the Securities concerned, to
the extent that a prospectus relating to such Securities was required to be
delivered by such Holder or Participating Broker-Dealer under the Securities Act
in connection with such purchase and any such loss, claim, damage or liability
of such Holder or Participating Broker-Dealer results from the fact that there
was not sent or given to such person, at or prior to the written confirmation of
the sale of such Securities to such person, a copy of the final prospectus if
the Company had previously furnished copies thereof to such Holder or
Participating Broker-Dealer; provided further, however, that this indemnity
agreement will be in addition to any liability which the Company may otherwise
have to such Indemnified Party. The Company shall also indemnify underwriters,
their officers and directors and each person who controls such underwriters
within the meaning of the Securities Act or the Exchange Act to the same extent
as provided above with respect to the indemnification of the Holders of the
Securities if requested by such Holders.

     (b) Each Holder of the Securities, severally and not jointly, will
indemnify and hold harmless the Company and each person, if any, who controls
the Company within the meaning of the Securities Act or the Exchange Act from
and against any losses, claims, damages or liabilities or any actions in respect
thereof, to which the Company or any such controlling person may become subject
under the Securities Act, the Exchange Act or otherwise, insofar as such losses,
claims, damages, liabilities or actions arise out of or are based upon any
untrue statement or alleged untrue statement of a material fact contained in a
Registration Statement or prospectus or in any amendment or supplement thereto
or in any preliminary prospectus relating to a Shelf Registration, or arise out
of or are based upon the omission or alleged omission to state therein a
material fact necessary to make the statements therein not misleading, but in
each case only to the extent that the untrue statement or omission or alleged
untrue statement or omission was made in reliance upon and in conformity with
written information pertaining to such Holder and furnished to the Company by or
on behalf of such Holder specifically for inclusion therein; and, subject to the
limitation set forth immediately preceding this clause, shall reimburse, as
incurred, the Company for any legal or other expenses reasonably incurred by the
Company or any such controlling person in connection with investigating or
defending any loss, claim, damage, liability or action in respect thereof. This
indemnity agreement will be in addition to any liability which such Holder may
otherwise have to the Company or any of its controlling persons.

     (c) Promptly after receipt by an indemnified party under this Section 5 of
notice of the commencement of any action or proceeding (including a governmental
investigation), such indemnified party will, if a claim in respect thereof is to
be made against the indemnifying party under this Section 5, notify the
indemnifying party of the commencement thereof; but the failure to notify the
indemnifying party shall not relieve the indemnifying party from any liability
that it may have under subsection (a) or (b) above except to the extent that it
has been materially prejudiced (through the forfeiture of substantive rights or
defenses) by such failure; and provided further that the failure to notify the
indemnifying party shall not relieve it from any liability that it may have to
an indemnified party otherwise than under subsection (a) or (b) above. In case
any such action is brought against any indemnified party, and it notifies the
indemnifying party of the commencement thereof, the indemnifying party will be
entitled to participate therein and, to the extent that it may wish, jointly
with any other indemnifying party similarly notified, to assume the defense
thereof, with counsel reasonably satisfactory to such indemnified party (who
shall not, except with the consent of the indemnified party, be counsel to the
indemnifying party), and after notice from the

                                       11

<PAGE>

indemnifying party to such indemnified party of its election so to assume the
defense thereof the indemnifying party will not be liable to such indemnified
party under this Section 5 for any legal or other expenses, other than
reasonable costs of investigation, subsequently incurred by such indemnified
party in connection with the defense thereof. No indemnifying party shall,
without the prior written consent of the indemnified party, effect any
settlement of any pending or threatened action in respect of which any
indemnified party is or could have been a party and indemnity could have been
sought hereunder by such indemnified party unless such settlement (i) includes
an unconditional release of such indemnified party from all liability on any
claims that are the subject matter of such action, and (ii) does not include a
statement as to or an admission of fault, culpability or a failure to act by or
on behalf of any indemnified party.

     (d) If the indemnification provided for in this Section 5 is unavailable or
insufficient to hold harmless an indemnified party under subsections (a) or (b)
above, then each indemnifying party shall contribute to the amount paid or
payable by such indemnified party as a result of the losses, claims, damages or
liabilities (or actions in respect thereof) referred to in subsection (a) or (b)
above (i) in such proportion as is appropriate to reflect the relative benefits
received by the indemnifying party or parties on the one hand and the
indemnified party on the other from the exchange of the Securities, pursuant to
the Registered Exchange Offer, or (ii) if the allocation provided by the
foregoing clause (i) 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 indemnifying party or parties on
the one hand and the indemnified party on the other in connection with the
statements or omissions that resulted in such losses, claims, damages or
liabilities (or actions in respect thereof) as well as any other relevant
equitable considerations. The relative fault of the parties shall be determined
by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission or alleged omission to state a
material fact relates to information supplied by the Company on the one hand or
such Holder or such other indemnified party, as the case may be, on the other,
and the parties' relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission. The amount paid by
an indemnified party as a result of the losses, claims, damages or liabilities
referred to in the first sentence of this subsection (d) shall be deemed to
include any legal or other expenses reasonably incurred by such indemnified
party in connection with investigating; or defending any action or claim which
is the subject of this subsection (d). Notwithstanding any other provision of
this Section 5(d), the Holders of the Securities shall not be required to
contribute any amount in excess of the amount by which the net proceeds received
by such Holders from the sale of the Securities pursuant to a Registration
Statement exceeds the amount of damages which such Holders have otherwise been
required to pay by reason of such untrue or alleged untrue statement or omission
or alleged omission. No person guilty of fraudulent misrepresentation (within
the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this paragraph (d), each person, if any, who
controls such indemnified party within the meaning of the Securities Act or the
Exchange Act shall have the same rights to contribution as such indemnified
party and each person, if any, who controls the Company within the meaning of
the Securities Act or the Exchange Act shall have the same rights to
contribution as the Company.

     (e) The agreements contained in this Section 5 shall survive the sale of
the Securities pursuant to a Registration Statement and shall remain in full
force and effect, regardless of any termination or cancellation of this
Agreement or any investigation made by or on behalf of any indemnified party.

     6. Additional Interest Under Certain Circumstances. (a) Additional interest
(the "ADDITIONAL INTEREST") with respect to the Initial Securities shall be
assessed as follows if any of the following events occur (each such event in
clauses (i) through (iii) below a "REGISTRATION DEFAULT":

                                            12
<PAGE>

     (i)  if the Company fails to file an Exchange Offer Registration Statement
          with the Commission on or prior to the 240th day after the Issue Date,

     (ii) if the Exchange Offer Registration Statement is not declared effective
          by the Commission on or prior to the 330th day after the Issue Date
          or, if obligated to file a Shelf Registration Statement pursuant to
          Section 2 above, a Shelf Registration Statement is not declared
          effective by the Commission on or prior to the 360th day after the
          Issue Date,

     {iii) if the Registered Exchange Offer is not consummated on or before the
          30th day after the Exchange Offer Registration Statement is declared
          effectives,

     (iv) if obligated to file the Shelf Registration Statement, the Company
          fails to file the Shelf Registration Statement with the Commission on
          or prior to the 30th day (the "Shelf Filing Date") after the date on
          which the obligation to file a Shelf Registration Statement arises,

     (v)  if obligated to file a Shelf Registration Statement pursuant to
          Section 2 above, the Shelf Registration Statement is not declared
          effective on or prior to the 60th day after the Shelf Filing Date, or

Additional Interest shall accrue on the Initial Securities over and above the
interest set forth in the title of the Securities from and including the date on
which any such Registration Default shall occur to but excluding the date on
which all such Registration Defaults have been cured, at a rate of 0.25% per
annum for the first 90-day period immediately following the occurrence of a
Registration Default, and such rate will increase by an additional 0.25% per
annum with respect to each subsequent 90-day period until all Registration
Defaults have been cured, up to a maximum additional interest rate of 1.0% per
annum.

     (b) A Registration Default referred to in Section 6(a)(iii)(B) hereof shall
be deemed not to have occurred and be continuing in relation to a Shelf
Registration Statement or the related prospectus if (i) such Registration
Default has occurred solely as a result of (x) the filing of a post-effective
amendment to such Shelf Registration Statement to incorporate annual audited
financial information with respect to the Company where such post-effective
amendment is not yet effective and needs to be declared effective to permit
Holders to use the related prospectus or (y) other material events, with respect
to the Company that would need to be described in such Shelf Registration
Statement or the related prospectus and (ii) in the case of clause (y), the
Company is proceeding promptly and in good faith to amend or supplement such
Shelf Registration Statement and related prospectus to describe such events;
provided, however, that in any case if such Registration Default occurs for a
continuous period in excess of 30 days, Additional Interest shall be payable in
accordance with the above paragraph from the day such Registration Default
occurs until such Registration Default is cured.

     (c) Any amounts of Additional Interest due pursuant to clause (i), (ii) or
(iii) of Section 6(a) above will be payable in cash on the regular interest
payment dates with respect to the Initial Securities. The amount of Additional
Interest will be determined by multiplying the applicable Additional Interest
rate by the principal amount of the Initial Securities, multiplied by a
fraction, the numerator of which is the number of days such Additional Interest
rate was applicable during such period (determined on the basis of a 360- day
year comprised of twelve 30-day months), and the denominator of which is 360.

     (d) "TRANSFER RESTRICTED SECURITIES" means each Security until (i) the date
on which such Transfer Restricted Security has been exchanged by a person other
than a broker-dealer for a freely

                                             13

<PAGE>

transferable Exchange Security in the Registered Exchange Offer, (ii) following
the exchange by a broker-dealer in the Registered Exchange Offer of a Initial
Security for an Exchange Security, the date on which such Exchange Security is
sold to a purchaser who receives from such broker-dealer on or prior to the date
of such sale a copy of the prospectus contained in the Exchange Offer
Registration Statement, (iii) the date on which such Initial Security has been
effectively registered under the Securities Act and disposed of in accordance
with the Shelf Registration Statement or (iv) the date on which such Initial
Security is distributed to the public pursuant to Rule 144 under the Securities
Act or is saleable pursuant to Rule 144(k) raider the Securities Act

     7. Rules 144 and 144A. The Company shall use reasonable best efforts to
file the reports required to be filed by it under the Securities Act and the
Exchange Act in a timely manner and, if at any time the Company is not required
to file such reports, it will, upon the request of any Holder of Initial
Securities, make publicly available other information so long as necessary to
permit sales of their securities pursuant to Rules 144 and 144A. The Company
covenants that it will take such further action as any Holder of Initial
Securities may reasonably request, all to the extent required from time to time
to enable such Holder to sell Initial Securities without registration under the
Securities Act within the limitation of the exemptions provided by Rules 144 and
144A (including the requirements of Rule 144A(d)(4)). The Company will provide a
copy of this Agreement to prospective purchasers of Initial Securities
identified to the Company by the Initial Purchasers upon request Upon the
request of any Holder of Initial Securities, the Company shall deliver to such
Holder a written statement as to whether it has complied with such requirements.
Notwithstanding the foregoing, nothing in this Section 7 shall be deemed to
require the Company to register any of its securities pursuant to the Exchange
Act.

     8. Underwritten Registrations. If any of the Transfer Restricted Securities
covered by any Shelf Registration are to be sold in an underwritten offering,
the investment banker or investment bankers and manager or managers that will
administer the offering ("MANAGING UNDERWRITERS") will be selected by the
Holders of a majority in aggregate principal amount of such Transfer Restricted
Securities to be included in such offering.

     No person may participate in any underwritten registration hereunder unless
such person (i) agrees to sell such person's Transfer Restricted Securities on
the basis reasonably provided in any underwriting arrangements approved by the
persons entitled hereunder to approve such arrangements and (ii) completes and
executes all questionnaires, powers of attorney, indemnities, underwriting
agreements and other documents reasonably required under the terms of such
underwriting arrangements.

     9. Miscellaneous.

     (a) Amendments and Waivers. The provisions of this Agreement may not be
amended, modified or supplemented, and waivers or consents to departures from
the provisions hereof may not be given, except by the Company and the written
consent of the Holders of a majority in principal amount of the Securities
affected by such amendment, modification, supplement, waiver or consent.

     (b) Notices. All notices and other communications provided for or permitted
hereunder shall be made in writing by hand delivery, first-class mail, facsimile
transmission, or air courier which guarantees overnight delivery:

          (1) if to a Holder of the Securities, at the most current address
given by such Holder to the Company.

                                       14

<PAGE>

          (2) if to the Initial Purchasers;

               Credit Suisse First Boston LLC
               Eleven Madison Avenue
               New York, NY 10010-3629
               Fax No.: (212) 325-4296
               Attention: Transactions Advisory Group

     with a copy to:

               Cravath, Swaine & Moore LLP
               825 Eighth Avenue
               New York, NY 10019
               Fax No.: (212) 474-3700
               Attention: William J. Whelan, III, Esq.

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

               Network Communications, Inc.
               2305 Newpoint Parkway
               Lawrenceville, GA
               Fax No.: (770) 822-4327
               Attention: Susan Deese, Esq.

     with a copy to:

               Kirkland & Ellis LLP
               153 East 53rd Street
               New York, NY 10022
               Fax No.: (212) 446-6460
               Attention: Joshua Korff, Esq.

     All such notices and communications shall be deemed to have been duly
given: at the time delivered by hand, if personally delivered; three business
days after being deposited in the mail, postage prepaid, if mailed; when receipt
is acknowledged by recipient's facsimile machine operator, if sent by facsimile
transmission; and on the day delivered, if sent by overnight air courier
guaranteeing next day delivery.

     (c) No Inconsistent Agreements. The Company has not, as of the date hereof,
entered into, nor shall it, on or after the date hereof, enter into, any
agreement with respect to its securities that is inconsistent with the rights
granted to the Holders herein or otherwise conflicts with the provisions hereof.

     (d) Successors and Assigns. This Agreement shall be binding upon the
Company and its successors and assigns.

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

                                       15
<PAGE>

     (f) Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

     (g) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES
OF CONFLICTS OF LAWS.

     (h) Severability. If any one or more of the provisions contained herein, or
the application thereof in any circumstance, is held invalid illegal or
unenforceable, the validity, legality and enforceability of any such provision
in every other respect and of the remaining provisions contained herein shall
not be affected or impaired thereby.

     (i) Securities Held by the Company. Whenever the consent or approval of
Holders of a specified percentage of principal amount of Securities is required
hereunder, Securities held by the Company or its affiliates (other than
subsequent Holders of Securities if such subsequent Holders are deemed to be
affiliates solely by reason of their holdings of such Securities) shall not be
counted in determining whether such consent or approval was given by the Holders
of such required percentage.

     (j) Submission to Jurisdiction; Waiver of Immunities. By the execution and
delivery of this Agreement, the Company submits to the nonexclusive jurisdiction
of any federal or state court in the State of New York in any suit or proceeding
arising out of or relating to this Agreement. To the extent that the Company may
acquire any immunity from jurisdiction of any court or from any legal process
(whether through service of notice, attachment prior to judgment attachment in
aid of execution, execution or otherwise) with respect to itself or its
property, it hereby irrevocably waives such immunity in respect of this
Agreement, to the fullest extent permitted by law.

                                       16

<PAGE>

     If the foregoing is in accordance with your understanding of our agreement,
please sign and return to the Company a counterpart hereof, whereupon this
instrument, along with all counterparts, will become a binding agreement among
the several Initial Purchasers and the Company in accordance with its terms.

                                        Very truly yours,

                                        NETWORK COMMUNICATIONS, INC.

                                        By: /s/ Gerard Parker
                                            ------------------------------------
                                        Name: Gerard Parker
                                        Title: Chief Financial Officer

The foregoing Registration Rights
Agreement is hereby confirmed and
accepted as of the date first above
written.

CREDIT SUISSE FIRST BOSTON LLC
TD SECURITIES (USA) LLC

by: CREDIT SUISSE FIRST BOSTON LLC

By: /s/ Robert Kobre
    ---------------------------------
Name: Robert Kobre
Title: Managing Director

                                       17

<PAGE>

                                                               EXECUTION VERSION

                                                                         ANNEX A

     Each broker-dealer that receives Exchange Securities for its own account
pursuant to the Registered Exchange Offer must acknowledge that it will deliver
a prospectus in connection with any resale of such Exchange Securities. The
Letter of Transmittal states that by so acknowledging and by delivering a
prospectus, a broker-dealer will not be deemed to admit that it is an
"underwriter" within the meaning of the Securities Act. This prospectus, as it
may be amended or supplemented from time to time, may be used by a broker-dealer
in connection with resales of Exchange Securities received in exchange for
Initial Securities where such Initial Securities were acquired by such
broker-dealer as a result of market-making activities or other trading
activities. The Company has agreed that, for a period of 180 days after the
expiration date of Registered Exchange Offer, it will make this Prospectus
available to any broker-dealer for use in connection with any such resale. See
"Plan of Distribution."
<PAGE>

                                                               EXECUTION VERSION

                                                                         ANNEX B

     Each broker-dealer that receives Exchange Securities for its own account in
exchange for Securities, where such Initial Securities were acquired by such
broker-dealer as a result of market-making activities or other trading
activities, must acknowledge that it will deliver a prospectus in connection
with any resale of such Exchange Securities. See "Plan of Distribution."

<PAGE>

                                                               EXECUTION VERSION

                                                                         ANNEX C

                              PLAN OF DISTRIBUTION

     Each broker-dealer that receives Exchange Securities for its own account
pursuant to the Exchange Offer must acknowledge that it will deliver a
prospectus in connection with any resale of such Exchange Securities. This
prospectus, as it may be amended or supplemented from time to time, may be used
by a broker-dealer in connection with resales of Exchange Securities received in
exchange for Initial Securities where such Initial Securities were acquired as a
result of market-making activities or other trading activities. The Company has
agreed that, for a period of 180 days after the expiration date of the
Registered Exchange Offer, it will make this prospectus, as amended or
supplemented, available to any broker-dealer for use in connection with any such
resale. In addition, until [__________], 2006, all dealers effecting
transactions in the Exchange Securities may be required to deliver a
prospectus.(1)

     The Company will not receive any proceeds from any sale of Exchange
Securities by broker-dealers. Exchange Securities received by broker-dealers for
their own account pursuant to the Registered Exchange Offer may be sold from
time to time in one or more transactions in the over-the-counter market, in
negotiated transactions through the writing of options on the Exchange
Securities or a combination of such methods of resale, at market prices
prevailing at the time of resale, at prices related to such prevailing market
prices or negotiated prices. Any such resale may be made directly to purchasers
or to or through brokers or dealers who may receive compensation in the form of
commissions or concessions from any such broker-dealer or the purchasers of any
such Exchange Securities. Any broker-dealer that resells Exchange Securities
that were received by it for its own account pursuant to the Exchange Offer and
any broker or dealer that participates in a distribution of such Exchange
Securities may be deemed to be an "underwriter" within the meaning of the
Securities Act and any profit on any such resale of Exchange Securities and any
commission or concessions received by any such persons may be deemed to be
underwriting compensation under the Securities Act. The Letter of Transmittal
states that, by acknowledging that it will deliver and by delivering a
prospectus, a broker-dealer will not be deemed to admit that it is an
"underwriter" within the meaning of the Securities Act.

     For a period of 180 days after the expiration date of the Registered
Exchange Offer the Company will promptly send additional copies of this
prospectus and any amendment or supplement to this Prospectus to any
broker-dealer that requests such documents in the Letter of Transmittal. The
Company has agreed to pay all expenses incident to the Registered Exchange Offer
(including the expenses of one counsel for the Holders of the Securities) other
than commissions or concessions of any brokers or dealers and will indemnify the
Holders of the Securities (including any broker-dealers) against certain
liabilities, including liabilities under the Securities Act.

----------
(1)  In addition, the legend required by Item 502(e) of Regulation S-K will
     appear on the back cover page of the Registered Exchange Offer prospectus.

<PAGE>

                                                                         ANNEX D

[ ]  CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL
     COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR SUPPLEMENTS
     THERETO.

                   Name:
                         ------------------------------------
                   Address:
                            ---------------------------------

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

If the undersigned is not a broker-dealer, the undersigned represents that it is
not engaged in, and does not intend to engage in, a distribution of Exchange
Securities. If the undersigned is a broker-dealer that will receive Exchange
Securities for its own account in exchange for Initial Securities that were
acquired as a result of market-making activities or other trading activities, it
acknowledges that it will deliver a prospectus in connection with any resale of
such Exchange Securities; however, by so acknowledging and by delivering a
prospectus, the undersigned will not be deemed to admit that it is an
"underwriter" within the meaning of the Securities Act.<PAGE>

                                                                    Exhibit 10.1

                                                               Execution Version

                              EMPLOYMENT AGREEMENT

          THIS EMPLOYMENT AGREEMENT (this "Agreement") is made as of December
23, 2004 by and between GMH Holding Company, a Delaware corporation (the
"Company"), and Dan McCarthy ("Executive").

          WHEREAS, Executive entered into an Employment Agreement dated June 28,
2002 by and between Gallarus Media, Inc., a Delaware corporation, Gallarus Media
Holdings, Inc., a Delaware corporation and Executive.

          WHEREAS, this Agreement is being entered into in connection with the
consummation of the transactions contemplated by the Agreement and Plan of
Merger dated as of the date hereof (as amended from time to time, the "Merger
Agreement") by and between Gallarus Media Holdings, Inc. ("Gallarus"), the
Company, GMH Acquisition Corp., and solely for certain limited purposes, ABRY
Partners, LLC. Capitalized terms used herein and not otherwise defined have, the
meanings assigned to such terms in Section 14 hereof.

          In consideration of the mutual covenants contained herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

          1. Employment. The Company will employ Executive, and Executive
accepts employment with the Company, upon the terms and conditions set forth in
this Agreement, for the period beginning on the date of the closing of the
merger contemplated by the Merger Agreement and ending as provided in Section 5
(the "Employment Period").

          2. Position and Duties. During the Employment Period, Executive will
serve as Chairman of the Board of Directors of the Company (the "Board") and as
the Chief Executive Officer of the Company and its Subsidiaries, and render such
managerial, supervisory and other executive services to the Company and its
Subsidiaries as are from time to time necessary in connection with the
management and affairs of the Company and its Subsidiaries, in each case subject
to the authority of the Board. Executive will devote his best efforts and
substantially all of his business time and attention (except for permitted
vacation periods and reasonable periods of illness or other incapacity) to the
business and affairs of the Company and its Subsidiaries. Executive will report
directly to the Board. All other employees of the Company and its Subsidiaries
will report, directly or indirectly, to Executive. Executive will perform his
duties and responsibilities to the best of his abilities in a trustworthy and
businesslike manner. The Company acknowledges that Executive will maintain his
home in New York so as to have a residence in proximity to his children and will
commute to New York to spend most weekends with his children. Notwithstanding
the preceding sentence, Executive acknowledges that the time and attention
required of him under this Section 2 shall be no less than a "normal" work week
and shall otherwise be as directed by the Board from time to time in writing.

          3. Salary and Benefits.

          (a) Salary. During the Employment Period, the Company will pay
Executive an amount equal to $375,000 per annum (as in effect from time to time,
the "Salary") as

<PAGE>

compensation for services. The Salary will increase per annum by an amount equal
to 5% of the annual amount of the Salary in effect prior to such increase,
effective on the first day of January of each year, starting on January 1, 2006.
The Salary will be payable in regular installments in accordance with the
general payroll practices of the Company and its Subsidiaries.

          (b) Benefits. During the Employment Period, the Company shall provide
Executive with family health and dental, life, long-term disability and
Directors' and Officers' liability insurance and other benefits offered under
such plans as the Board may establish or maintain from time to time for senior
executive officers of the Company and its Subsidiaries (collectively, the
"Benefits"). Executive shall be entitled to four (4) weeks of paid vacation each
year.

          (c) Reimbursement of Expenses. During the Employment Period, the
Company will reimburse Executive for (i) all reasonable out-of-pocket expenses
incurred by him in the course of performing his duties under this Agreement
which are consistent with the Company's policies in effect from time to time
with respect to travel, entertainment and other business expenses, and (ii)
commuting expenses, and the expense of maintaining an apartment in the Atlanta,
Georgia metropolitan area, which commuting and apartment maintenance expenses
shall not in the aggregate exceed $3,000 per month. Reimbursement by the Company
for the expenses set forth in each of clause (i) and (ii) above will be subject
to the Company's requirements with respect to reporting and documentation of
such expenses. In addition, the Company shall reimburse Executive for all
reasonable third-party professional fees incurred by Executive in connection
with the review of this Agreement, the Merger Agreement and the Selling
Stockholders Agreement up to an aggregate amount equal to $10,000.

          4. Performance Bonus and Other Bonus.

               (a) For the fiscal year ended March 31, 2005, Executive shall be
eligible to receive (i) a bonus (the "2005 Performance Bonus I") in an amount
not to exceed 17.5% of the average Salary in effect during such fiscal year
based on the degree to which the Company's EBITDA for such fiscal year meets
$26,741,000 ("Target I") and (ii) a bonus (the "2005 Performance Bonus II") in
an amount not to exceed 17.5% of the average Salary in effect during such fiscal
year based on the degree to which the Company's EBITDA for such fiscal year
meets Budget Target (as defined in Section 4(c) below), in each case as follows:

<TABLE>
<CAPTION>
                                             AMOUNT OF 2005 PERFORMANCE BONUS I OR II
PERCENTAGE OF TARGET I OR BUDGET TARGET   (AS APPLICABLE) (AS A % OF THE AVERAGE SALARY
   (AS APPLICABLE) ACTUALLY ACHIEVED            IN EFFECT DURING SUCH FISCAL YEAR)
---------------------------------------   ---------------------------------------------
<S>                                       <C>
Less than 90%                              0%

At least 90% but no more than 100%        (% of Target I or Budget Target
                                          (as applicable) Actually Achieved- 90%)

Greater than 100% but no more than 120%   12.5% + (% of Target I or Budget Target
                                          (as applicable) Actually Achieved-100%)/4

Greater than 120%                         17.5%
</TABLE>

                                        2

<PAGE>

               (b) For each fiscal year of the Employment Period, other than the
fiscal year ended March 31, 2005, Executive shall be eligible to receive a bonus
("Performance Bonus") in an amount not to exceed 75% of the average Salary in
effect during such fiscal year based on the degree to which the Company's EBITDA
for such fiscal year meets the Performance Bonus Target (as defined in Section
4(c) below) as follows:

<TABLE>
<CAPTION>
                                    AMOUNT OF PERFORMANCE BONUS (AS A % OF
PERCENTAGE OF PERFORMANCE BONUS    THE AVERAGE SALARY IN EFFECT DURING SUCH
    TARGET ACTUALLY ACHIEVED                      FISCAL YEAR)
-------------------------------    ----------------------------------------
<S>                                <C>
Less than 90%                                          0%
At least 90% but less than 100%                       10%
At least 100% but less than 110%                      25%
At least 110% but less than 120%                      50%
At least 120% or greater                              75%
</TABLE>

In calculating EBITDA for purposes of this subsection (b), any businesses
acquired during the relevant period will be given effect as though such
acquisition had occurred at the beginning of the relevant period.

               (c) Any 2005 Performance Bonus I, 2005 Performance Bonus II, or
Performance Bonus earned by Executive shall be paid promptly after delivery to
the Board of the audited financial statements for the fiscal year in question.
As used herein, the term "Budget Target" shall mean EBITDA in the amount set
forth in the annual budget adopted by the Board for the fiscal year ended March
31, 2005. As used herein, the term "Performance Bonus Target" shall mean EBITDA
in the amount set forth in the annual budget adopted by the Board after
consultation with Executive for the fiscal year in question.

          5. Termination.

          (a) The Employment Period will commence upon consummation of the
merger contemplated by the Merger Agreement and will continue until the earlier
of: (i) the fifth anniversary of the date hereof; (ii) Executive's resignation,
death or disability or other incapacity (as reasonably determined by the Board
in good faith, such determination being based upon the report of a physician
selected by the Board and reasonably acceptable to Executive if Executive so
requests. In such event, Executive agrees to make himself reasonably available
for examination by the physician selected by the Board); or (iii) the giving of
notice of termination by the Company or a majority of the members of the Board
(A) for Cause or (B) for any other reason or for no reason (a termination
described in this clause (iii) (B) being a termination by the Company "Without
Cause"); provided, however, that, notwithstanding anything to the contrary
contained herein, in the event the Merger Agreement is terminated without
consummation of the merger thereunder, this Agreement will automatically
terminate without any liability or obligation on the part of either party
hereunder. For the purposes of this Agreement, "Cause" shall mean (a) conviction
of, or a plea of guilty or no-contest or similar plea with respect to, a felony
or the commission of any act or omission involving actual fraud or embezzlement
with respect to the Company or any of its Subsidiaries, (b) conduct bringing the
Company or any of its Subsidiaries into substantial public disgrace or
disrepute, (c) willful misconduct or breach of fiduciary duty with respect to
the Company or any of its Subsidiaries or (d) material breach of

                                        3
<PAGE>

Section 2, 7 or 8 of this Agreement (provided, that to the extent a material
breach of Section 2 of this Agreement may be cured, Executive shall have 20
business days to cure such breach from the date on which the Board delivers
written notice to Executive reasonably identifying such breach).

          (b) In the event of Executive's resignation (other than within 30 days
of a Good Reason Event), death, disability or other incapacity or the
termination of the Employment Period for Cause or in connection with a Sale of
the Company, Executive will not be entitled to receive his Salary or any fringe
benefits or Performance Bonus for periods after the termination of the
Employment Period but, in the case of death, disability or other incapacity,
Executive will be entitled to receive a pro rata portion of his Performance
Bonus for the period during which Executive was employed by the Company at the
time the Performance Bonus would normally be paid and based upon the Company's
actual performance for the relevant fiscal year. In the event the Employment
Period is terminated by the Company Without Cause, or by Executive within 30
days after a Good Reason Event, then so long as Executive continues to comply
with Sections 7, 8 and 9, Executive shall be entitled to receive (i) severance
payments in an aggregate amount equal to two year's Salary based on the Salary
in effect at the time the Employment Period is terminated and (ii) Benefits at
the same level and on the same terms as they are provided from time to time to
the Company's senior management employees, for a period equal to two years from
the date of such termination. Any such severance payments paid to Executive by
the Company will be paid in equal monthly installments; provided, that Executive
shall be required to sign a release of all past, present and future claims
against CVC and the NCI Companies as a condition to receiving such payments and
benefits.

          6. Resignation as Officer or Director. Upon the termination of the
Employment Period, Executive will resign each position (if any) that he then
holds as an officer or director of the Company or any of its Subsidiaries
(including his membership on the Board).

          7. Confidential Information. Executive acknowledges that the
information, observations and data that have been or may be obtained by him
during his employment relationship with, or through his involvement as a
stockholder or director of, the Company or any Subsidiary or predecessor thereof
(each of the Company, any Subsidiary or affiliate or any such affiliate
predecessor being an "NCI Company"), prior to and after the date of this
Agreement concerning the business or affairs of the NCI Companies (collectively,
"Confidential Information") are and will be the property of the NCI Companies.
Therefore, Executive agrees that he will not disclose to any unauthorized Person
or use for the account of himself or any other Person any Confidential
Information without the prior written consent of the Company (by the action of
the Board), unless and to the extent that such Confidential Information has
become generally known to and available for use by the public other than as a
result of Executive's improper acts or omissions to act, or is required to be
disclosed by law. Executive will deliver or cause to be delivered to the Company
at the termination of the Employment Period, or at any other time the Company or
any of its predecessors or Subsidiaries may request, all memoranda, notes,
plans, records, reports, computer tapes and software and other documents and
data (and copies thereof) containing or relating to Confidential Information or
the business of any NCI Company which he may then possess or have under his
control.

          8. Non-Compete, Non-Solicitation.

                                        4

<PAGE>

          (a) Non-Compete. Executive acknowledges that during his employment
relationship with, or through his involvement as a stockholder or director of,
any NCI Company he has and will become familiar with trade secrets and other
Confidential Information concerning such NCI Companies, and with investment
opportunities relating to the Business, and that his services have been and will
be of special, unique and extraordinary value to the foregoing entities.
Therefore, Executive agrees that, during the Employment Period and for a period
of two years thereafter (the "Noncompete Period"), he will not directly or
indirectly own, manage, control, participate in, consult with, render services
for, or in any other manner engage in any business, or as an investor in or
lender to any business (in each case including on his own behalf or on behalf of
another Person) which constitutes or is competitive with the Business (as and
where the same is conducted or proposed to be conducted (if actions have been
taken by any NCI Company to implement the proposed business) by the NCI
Companies during the Employment Period, or as of the end of the Employment
Period if the Employment Period has then ended). Nothing in this Section 8 will
prohibit Executive from being a passive owner of less than 5% of the outstanding
stock of a corporation of any class which is publicly traded, so long as
Executive has no direct or indirect participation in the business of such
corporation. By initialing in the space provided below, Executive acknowledges
that he has read carefully and had the opportunity to consult with legal counsel
regarding the provisions of this Section 8(a). _____________[INITIAL].

          (b) Non-Solicitation. During the Noncompete Period, Executive will not
directly or indirectly (i) induce or attempt to induce any employee, any
individual who has agreed to be or within one year of such solicitation,
employment, offer, retention, interference or enticement has been, employed or
retained by any NCI Company, or any independent contractor (including, without
limitation, any independent distributor or associate publisher) of any NCI
Company to leave the employ or contracting relationship with such entity, or in
any way interfere with the relationship between any such entity and any employee
or full-time independent contractor thereof, or (ii) induce or attempt to induce
any customer, supplier or other business relation of any NCI Company to cease
doing business with such entity or in any way interfere with the relationship
between any such customer, supplier or other business relation and such entity.
So long as Executive complies with Sections 7 and 8(a), nothing in this Section
8(b) is intended to prohibit the Executive or any Person with which he becomes
affiliated after the Employment Period from doing business with customers,
suppliers, independent contractors and other business relations of any NCI
Company. By initialing in the space provided below, Executive acknowledges that
he has read carefully and had the opportunity to consult with legal counsel
regarding the provisions of this Section 8(b). ____________[INITIAL].

          9. Enforcement. The Company and Executive agree that if, at the time
of enforcement of Section 7 or 8, a court holds that any restriction stated in
any such Section is unreasonable under circumstances then existing, then the
maximum period, scope or geographical area reasonable under such circumstances
will be substituted for the stated period, scope or area. Because Executive's
services are unique and because Executive has access to information of the type
described in Sections 7 and 8, the Company and Executive agree that money
damages would be an inadequate remedy for any breach of Section 7 or 8.
Therefore, in the event of a breach of Section 7 or 8, any NCI Company may, in
addition to other rights and remedies existing in their favor, apply to any
court of competent jurisdiction for specific performance and/or injunctive or
other relief in order to enforce, or prevent any violations of, the

                                        5

<PAGE>

provisions of Section 7 or 8. The provisions of Sections 7, 8 and 9 are intended
to be for the benefit of each NCI Company and their respective successors and
assigns, each of which may enforce such provisions and each of which (other than
the Company) is an express third-party beneficiary of such provisions and this
Agreement generally. Sections 7, 8 and 9 will survive and continue in full force
in accordance with their terms notwithstanding any termination of the Employment
Period. By initialing in the space provided below, Executive acknowledges that
he has read carefully and had the opportunity to consult with legal counsel
regarding the provisions of this Section 9. ______________[INITIAL].

          10. Management Equity.

          (a) Executive will be given the opportunity to acquire 3.0% of the
Company's fully-diluted common equity (calculated based on the shares
outstanding at the time of the closing under the Merger Agreement and giving
effect to the dilution resulting from the full 7.5% pool expected to be granted)
in the form of Class A Common Stock of the Company from a pool of 7.5% of the
Company's fully-diluted common equity that is expected to be available to the
management team pursuant to a plan approved by the Board, which equity will vest
over time so long as the Executive remains employed by the Company.

          (b) Executive will also be given the opportunity to acquire an
additional 1.5% of the Company's fully-diluted common equity (calculated based
on the shares outstanding at the time of the closing under the Merger Agreement
and giving effect to the dilution resulting from the full 7.5% pool expected to
be granted as described in subparagraph (a) above and giving effect to dilution
resulting from the full 2.5% pool expected to be granted as described in this
subparagraph (b)) in the form of Class A Common Stock from a pool of 2.5% of the
Company's fully-diluted common equity that is expected to be available to the
senior management pursuant to a plan approved by the Board, which equity
Executive will become entitled to receive at such time as Citigroup Venture
Capital Equity Partners, L.P. ("CVC") actually realizes an agreed upon return
for its equity invested (0.75% at a gross IRR of 20%, 0.3% at a gross IRR of 25%
and 0.45% at a gross IRR of 35%) or is deemed to have received such return based
on the price to the public of the Company's equity at the time of its initial
public offering.

          11. Co-Investment Right. Executive will exchange securities in
Gallarus immediately prior to the consummation of the merger contemplated by the
Merger Agreement with a value (as determined based on the implied value for such
securities under the Merger Agreement) for (i) $1.7 million of Class L Common
Stock of the Company at the same per share price as that being acquired by CVC
and (ii) approximately $570,000 of Class A Common Stock of the Company at a per
share price of $1 per share. Executive agrees to enter into a Securities
Purchase and Holders Agreement substantially in the form previously presented to
Executive which agreement will govern certain of Executive's rights,
restrictions and obligations with respect to Executive's ownership of common
stock of the Company.

          12. Representations and Warranties of Executive. Executive represents
and warrants to the Company and its Subsidiaries as follows:

                                        6
<PAGE>

          (a) Other Agreements. Executive is not a party to or bound by any
employment, noncompete, nonsolicitation, nondisclosure, confidentiality or
similar agreement with any other Person which would materially affect his
performance under this Agreement.

          (b) Authorization. This Agreement when executed and delivered shall
constitute a valid and legally binding obligation of Executive, enforceable
against Executive in accordance with its terms.

          13. Survival of Representations and Warranties. All representations
and warranties contained herein shall survive the execution and delivery of this
Agreement.

          14. Certain Definitions. When used herein, the following terms shall
have the following meanings:

          "Affiliate" means, with respect to any Person, any other Person that,
          directly or indirectly through one or more of its intermediaries,
          controls, is controlled by or is under common control with such
          Person.

          "Business" means (i) the publishing and distributing of printed and
          online residential and commercial real estate advertising and related
          information and all logical and reasonable extensions of such
          business; (ii) any business into which any NCI Company enters during
          the Employment Period pursuant to any acquisition, joint venture,
          other strategic partnership or otherwise; and (iii) any other business
          in which the Company or its Subsidiaries engage as of the date on
          which Executive ceases to be employed by the Company or its
          Subsidiaries.

          "EBITDA" means "EBITDA" as defined in, and calculated in accordance
          with, the Loan Agreement.

          "Good Reason Event" means, during the Employment Period, a substantial
          diminution in Executive's professional responsibilities or a
          significant reduction in the Salary or in the aggregate of the
          Benefits, services, perquisites, and amenities which Executive was
          theretofore receiving.

          "Loan Agreement" means the Loan Agreement, dated as June 24, 2004,
          among the Network Communications, Inc., Gallarus, Toronto Dominion
          (Texas), Inc., as administrative agent, and other financial
          institutions signatory thereto, as in effect as amended, restated,
          renewed, extended, restructured, supplemented, modified, refinanced or
          replaced from time to time.

          "Person" means an individual, a partnership, a corporation, an
          association, a limited liability company, a joint stock company, a
          trust, a joint venture, an unincorporated organization or any other
          entity (including any governmental entity or any department, agency or
          political subdivision thereof).

          "Sale of the Company" means a transaction or series of related
          transactions as a result of which a Person or group of Persons
          directly or indirectly acquire (i) equity securities of the Company
          constituting a majority (by voting power) of the

                                        7

<PAGE>

          equity securities of the Company on a fully-diluted basis (whether by
          merger, consolidation, sale or transfer of any or all of the Company's
          outstanding securities) or (ii) all or substantially all of the
          Company's assets determined on a consolidated basis.

          "Selling Stockholders Agreement" means the Selling Stockholders
          Agreement, dated as of the date hereof, by and among Gallarus and
          certain of its stockholders, as in effect from time to time.

          "Subsidiaries" means, with respect to any Person, any corporation,
          limited liability company, partnership, association or other business
          entity of which (i) if a corporation, a majority of the total voting
          power of shares of stock entitled (without regard to the occurrence of
          any contingency) to vote in the election of directors, managers or
          trustees thereof is at the time owned or controlled, directly or
          indirectly, by such Person or one or more of the other Subsidiaries of
          such Person or a combination thereof, or (ii) if a limited liability
          company, partnership, association or other business entity, a majority
          of the partnership or other similar ownership interest thereof is at
          the time owned or controlled, directly or indirectly, by any Person or
          one or more Subsidiaries of such Person or entity or a combination
          thereof. For purposes hereof, a Person or Persons shall be deemed to
          have a majority ownership interest in a limited liability company,
          partnership, association or other business entity if such Person or
          Persons shall be allocated a majority of limited liability company,
          partnership, association or other business entity gains or losses or
          shall be or control any managing director, managing member, or general
          partner of such limited liability company, partnership, association or
          other business entity. Unless stated to the contrary, as used in this
          Agreement the term Subsidiary means a Subsidiary of the Company.

          15. Key-Man Life Insurance. Executive agrees to submit to any
requested physical examination in connection with the Company's or any
Subsidiary's purchase of a "key-man" insurance policy. Executive agrees to
cooperate fully in connection with the underwriting, purchase and/or retention
of a key-man insurance policy by the Company or any of its Subsidiaries.

          16. Miscellaneous.

          (a) Notices. All communications or notices required or permitted by
this Agreement shall be in writing and shall be deemed to have been given (a) on
the date of personal delivery to the recipient or an officer of the recipient,
or (b) when sent by telecopy or facsimile machine to the number shown below on
the date of such confirmed facsimile or telecopy transmission (provided that a
confirming copy is sent via overnight mail), or (c) when properly deposited for
delivery by a nationally recognized commercial overnight delivery service,
prepaid, or by deposit in the United States mail, certified or registered mail,
postage prepaid, return receipt requested on the date set forth in the records
of such delivery service or on the third day after so deposited in the United
States mail, in each case, addressed as follows:

          Notices to Executive, to:

                                        8

<PAGE>

          Dan McCarthy
          575 West End Ave.
          Apartment 6A
          New York, NY 10024
          Telecopy: (914) 764-8373

          with a copy (which shall not constitute notice to Executive) to:

          Breslow & Walker, LLP
          767 Third Avenue
          New York, NY 10017
          Attention: Joel M. Walker
          Telecopy: (212)888-4955

          Notices to the Company to:

          c/o Citicorp Venture Capital Equity Partners, L.P.
          399 Park Avenue
          14th Floor
          New York, NY 10022
          Attention: Ian Highet
          Telecopy: (212) 888 2940

          with a copy (which shall not constitute notice to the Company), to:

          Dechert LLP
          4000 Bell Atlantic Tower
          Philadelphia, PA 19103 2793
          Attention: Geraldine A. Sinatra
          Telecopy: (215)994 2222

or to such other address or to the attention of such other person as the
recipient party has specified by prior written notice to the sending party.

          (b) Amendment and Waiver. No modification, amendment or waiver of any
provision of this Agreement will be effective unless such modification,
amendment or waiver is executed by the Company (with the approval of the Board)
and Executive. The failure of any party to enforce any of the provisions of this
Agreement will in no way be construed as a waiver of such provisions and will
not affect the right of such party thereafter to enforce each and every
provision of this Agreement in accordance with its terms.

          (c) Severability. Without limiting Section 9, whenever possible, each
provision of this Agreement will be interpreted in such a manner as to be
effective and valid under applicable law, but if any provision of this Agreement
is held to be invalid, illegal or unenforceable in any respect under any
applicable law or rule in any jurisdiction, such invalidity, illegality or
unenforceability will not affect the validity, legality or enforceability of any
other provision of this Agreement in such jurisdiction or affect the validity,
legality or enforceability

                                        9
<PAGE>

of any provision in any other jurisdiction, but this Agreement will be reformed,
construed and enforced in that jurisdiction as if such invalid, illegal or
unenforceable provision had never been contained in this Agreement.

          (d) Entire Agreement. Except as otherwise expressly set forth herein,
this agreement embodies the complete agreement and understanding among the
parties hereto with respect to the subject matter hereof and supercedes and
preempts any prior understandings, agreements or representations by or among the
parties, written or oral, which may have related to the subject matter hereof in
any way including, without limitation, that certain Employment Agreement, dated
June 28, 2002, by and between Executive and Gallarus. The terms pursuant to
which Executive acquires equity in the Company as referenced in Sections 10 and
11 and the rights and limitations with respect thereto will be governed by the
terms of a stock ownership plan approved by the Board and the forms of
acquisition agreement and option grants entered into in connection therewith.

          (e) Successors and Assigns. This Agreement will bind and inure to the
benefit of and be enforceable by the Company, Executive and their respective
assigns; provided, that Executive may not assign his rights or delegate his
duties under this Agreement without the prior written consent of the Company.

          (f) Counterparts. This Agreement may be executed simultaneously in two
or more counterparts, any one of which need not contain the signatures of more
than one party, but all such counterparts taken together will constitute one and
the same Agreement.

          (g) Descriptive Headings: Interpretation; No Strict Construction. The
descriptive headings of this Agreement are inserted for convenience only and do
not constitute a substantive part of this Agreement. Whenever required by the
context, any pronoun used in this Agreement shall include the corresponding
masculine, feminine or neuter forms, and the singular forms of nouns, pronouns,
and verbs shall include the plural and vice versa. Reference to any agreement,
document, or instrument means such agreement, document, or instrument as amended
or otherwise modified from time to time in accordance with the terms thereof,
and if applicable hereof. The use of the words "include" or "including" in this
Agreement shall be by way of example rather than by limitation. The use of the
words "or," "either" or "any" shall not be exclusive. The parties hereto have
participated jointly in the negotiation and drafting of this Agreement. In the
event an ambiguity or question of intent or interpretation arises, this
Agreement shall be construed as if drafted jointly by the parties hereto, and no
presumption or burden of proof shall arise favoring or disfavoring any party by
virtue of the authorship of any of the provisions of this Agreement. The parties
agree that prior drafts of this Agreement shall be deemed not to provide any
evidence as to the meaning of any provision hereof or the intent of the parties
hereto with respect hereto.

          (h) GOVERNING LAW. ALL ISSUES AND QUESTIONS CONCERNING THE
CONSTRUCTION, VALIDITY, INTERPRETATION AND ENFORCEMENT OF THIS AGREEMENT WILL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE DOMESTIC LAWS OF THE STATE OF
NEW YORK, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICT PROVISION OR
RULE (WHETHER OF THE STATE OF NEW YORK OR

                                       10

<PAGE>

ANY OTHER JURISDICTION) THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN
THE STATE OF NEW YORK TO BE APPLIED. IN FURTHERANCE OF THE FOREGOING, THE
INTERNAL LAW OF THE STATE OF NEW YORK WILL CONTROL THE INTERPRETATION AND
CONSTRUCTION OF THIS AGREEMENT, EVEN IF UNDER THAT JURISDICTION'S CHOICE OF LAW
OR CONFLICT OF LAW ANALYSIS, THE SUBSTANTIVE LAW OF SOME OTHER JURISDICTION
WOULD ORDINARILY APPLY.

          (i) Consent to Arbitration.

               (A) Generally. The arbitration procedures described in this
Section 16(i) will be the sole and exclusive method of resolving and remedying
disputes arising out of this Agreement, other than disputes arising out of or
relating to Section 7 or 8 of this Agreement. Except as otherwise provided in
the JAMS' Comprehensive Arbitration Rules and Procedures as in effect from time
to time (the "JAMS Rules"), the arbitration procedures described in this Section
16(i) and any Final Arbitration Award (as defined below) will be governed by,
and will be enforceable pursuant to, the Uniform Arbitration Act as in effect in
the State of New York from time to time. Disputes that are subject to
arbitration under the first sentence of this Section 16(i)(A) are referred to
herein as "Eligible Disputes."

               (B) Procedures. If Executive and the Company do not amicably
resolve any Eligible Dispute within thirty (30) days after delivery of a written
notice by one such party to the other that an Eligible Dispute exists, then such
dispute will be submitted to binding arbitration. The arbitral proceeding will
take place in New York City, New York or such other location agreeable to
Executive and the Company, before an arbitration panel consisting of three
individuals experienced in matters of the type involved in the dispute (the
"Arbitration Panel"); provided, however, that Executive and the Company may
agree to choose a single arbitrator who is agreeable to them to act as the
Arbitration Panel. Executive will choose one such individual and the Company
will choose one such individual to serve as its representative on the
Arbitration Panel, and those two individuals jointly will choose a third such
individual within ten (10) business days thereafter; provided, that if those two
individuals cannot agree upon an acceptable third member of the Arbitration
Panel within such period, the third member will be chosen under the JAMS Rules.
Notwithstanding the foregoing, if either Executive or the Company fails to
choose an individual to serve as its representative on the Arbitration Panel
within such thirty-day period, the representative selected by the other party
shall resolve the Eligible Dispute individually.

               (C) Conduct of Arbitration. The arbitration (including discovery)
will be conducted under the JAMS Rules, as the same may be modified by any
written agreement between Executive and the Company. The Arbitration Panel will
conduct the arbitration in a manner so that the final result, determination,
finding, judgment or award determined by the Arbitration Panel (the "Final
Arbitration Award") is made or rendered as soon as practicable, and Executive
and the Company will use reasonable efforts to cause a Final Arbitration Award
to occur within ninety (90) days after the Arbitration Panel is selected. Any
Final Arbitration Award will be final and binding upon Executive and the
Company, and there will be no appeal from or reexamination of any Final
Arbitration Award, except in the case of fraud or perjury or

                                       11
<PAGE>

misconduct by the Arbitration Panel prejudicing the rights of Executive or the
Company or to correct manifest clerical errors.

               (D) Enforcement. A Final Arbitration Award may be enforced in any
state or federal court having jurisdiction over the subject matter of the
related Eligible Dispute.

               (E) Expenses. As part of the Final Arbitration Award, the
prevailing party in any arbitration proceeding described in this Section 16(i)
will be entitled to recover from the non-prevailing party its reasonable
attorneys' fees and disbursements and other out-of-pocket costs, and the
non-prevailing party also will be required to pay all other reasonable costs and
expenses associated with the arbitration; provided, that (1) if the Arbitration
Panel is unable to determine that a party is a prevailing party under JAMS Rules
in any such Arbitration proceeding, then such costs and expenses will be
equitably allocated by the Arbitration Panel upon the basis of the outcome of
such arbitration proceeding, and (2) if the Arbitration Panel is unable to
allocate such costs and expenses in such a manner, then the costs and expenses
of such arbitration will be paid one-half by Executive and one-half by the
Company, and each of Executive and the Company will pay the out-of-pocket
expenses incurred by it. As part of any Final Arbitration Award, the Arbitration
Panel may designate the prevailing party for purposes of this Section 16(i).

          (j) WAIVER OF JURY TRIAL. NOTWITHSTANDING SECTION 16(I), EACH PARTY TO
THIS AGREEMENT HEREBY WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, TRIAL
BY JURY IN ANY LITIGATION IN ANY COURT WITH RESPECT TO, IN CONNECTION WITH, OR
ARISING OUT OF THIS AGREEMENT OR ANY ANCILLARY AGREEMENT OR THE VALIDITY,
PROTECTION, INTERPRETATION, COLLECTION OR ENFORCEMENT THEREOF.

          (k) Actions by the Company. Any action, election or determination by
the Board or any committee of such boards pursuant to or relating to this
Agreement will be effective if, and only if, it is taken or made by (or with the
prior approval of) a majority of the members of the Board who are not at the
time employees of the Company or any of the Company's Subsidiaries.

                                      *****

                                       12

<PAGE>

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

                                        GMH HOLDING COMPANY

                                        By: /s/ IAN D. HIGHET
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        /s/ Dan McCarthy
                                        ----------------------------------------
                                        Dan McCarthy

                                       13

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