Document:

SECOND AMENDMENT DATED JUNE 11, 2004 TO CREDIT AGREEMENT

 Exhibit 10.7 
  
 EXECUTION COPY 
  

  
 CREDIT AGREEMENT 
  
 dated as of 
  
 September 9, 2003, 
  
 as amended as of October 31, 2003 and as of June 11, 2004 
  
 and to be further amended and restated upon satisfaction of 
  
 certain conditions set forth herein, 
  
 among 
  
 DEX MEDIA, INC., 
  
 DEX MEDIA WEST, INC., 
  
 DEX MEDIA WEST LLC, 

as Borrower, 
  
 The Lenders Party Hereto 
  
 and 
  
 JPMORGAN CHASE BANK,

 as Administrative Agent 
  

  
 J.P. MORGAN SECURITIES INC. and 
 BANC OF AMERICA SECURITIES LLC, 
 as Joint
Bookrunners and Joint Lead Arrangers 
  

  
 BANK OF AMERICA, N.A., 
 WACHOVIA BANK, NATIONAL ASSOCIATION, 
 LEHMAN COMMERCIAL PAPER INC. and 
 DEUTSCHE BANK TRUST COMPANY AMERICAS, 
 as Co-Syndication Agents 
  

 SECOND AMENDMENT AND RESTATEMENT dated as of June 11, 2004 (this
“Amendment”), to the CREDIT AGREEMENT dated as of September 9, 2003, as amended (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among DEX MEDIA, INC., DEX MEDIA WEST,
INC., DEX MEDIA WEST LLC (the “Borrower”), the lenders from time to time party thereto (the “Lenders”), and JPMORGAN CHASE BANK, as administrative agent and collateral agent (in such capacities, the
“Agent”). 
  
 A. Capitalized terms used herein
and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. 
  
 B. The Borrower, the Parent and Holdings have informed the Agent that the Parent intends to effect an initial public offering pursuant to which it and
certain selling stockholders will offer and sell shares of the Parent’s common stock in an underwritten offering registered with the Securities and Exchange Commission (the “Parent IPO”) and that Parent intends to use the Net
Proceeds from the sale by it of primary shares in the Parent IPO to (i) redeem all of its outstanding 5% Series A Preferred Stock for approximately $125,700,000 plus accrued and unpaid dividends thereon and (ii) finance the redemption of up to 35%
of the initial aggregate principal amount of the outstanding Senior Subordinated Notes and the redemption of up to 35% of the initial aggregate principal amount of the East Borrower’s outstanding 12-1/8% senior subordinated notes due 2012, in
each case plus accrued and unpaid interest thereon and associated redemption premiums. The Borrower, the Parent and Holdings have requested that the Credit Agreement be amended, effective upon and subject to the consummation of the Parent IPO and to
the other applicable conditions set forth below, so as to permit the intended use of the Net Proceeds from the Parent IPO and to make certain other amendments thereto as set forth in the form of Amended and Restated Credit Agreement (the
“Amended and Restated Credit Agreement”) attached as Exhibit A hereto (such amendments (excluding the amendments set forth or described in Section 1 hereof that are incorporated in the Amended and Restated Credit Agreement), the
“IPO Amendments”). 
  
 C. The Borrower, the
Parent and Holdings have further requested that the Credit Agreement be amended (“Repricing Amendments”) so as to provide for (i) a new tranche of term loans thereunder (the “New Tranche A Term Loans”), the proceeds
of which, together with other available funds of the Borrower, will be used to refinance all currently outstanding Tranche A Term Loans and which, except as revised hereby, will have the same terms as the currently outstanding Tranche A Term Loans
under the Credit Agreement (ii) a new tranche of term loans thereunder (the “New Tranche B Term Loans” and, together with the New Tranche A Term Loans, the “New Term Loans”), the proceeds of which, together with
other available funds of the Borrower, will be used to refinance all currently outstanding Tranche B Term Loans and which, except as revised hereby, will have the same terms as the currently outstanding Tranche B Term Loans under the Credit
Agreement, (iii) the termination of all existing Revolving Commitments and the establishment of new commitments to make Revolving Loans and to acquire 

 participations in Letters of Credit and Swingline Loans under the Credit Agreement (the “New Revolving
Commitments”) and (iv) modifications to the Applicable Rate for New Term Loans, Revolving Loans and for commitment fees payable under the Credit Agreement. 
  
 D. Each existing Tranche A Lender (an “Existing Tranche A Term Lender”) that executes and delivers this
Amendment specifically in the capacity of a Renewing Tranche A Term Lender (a “Renewing Tranche A Term Lender”) will be deemed (i) to have agreed to the terms of this Amendment, (ii) upon the Repricing Amendment Effective Date (as
defined below), to have made a commitment to make New Tranche A Term Loans in an aggregate principal amount up to, but not in excess of, the aggregate principal amount of such Existing Tranche A Term Lender’s outstanding Tranche A Term Loans
immediately prior to such effectiveness (“Existing Tranche A Term Loans”), and (iii) upon the Refinancing Date (as defined below), to have made New Tranche A Term Loans in such amount (not in excess of the amount of its Existing
Tranche A Term Loans) as is determined by JPMorgan Securities Inc. and Banc of America Securities LLC (the “Arrangers”) and the Borrower and notified to such Existing Tranche A Term Lender, by exchanging Existing Tranche A Term
Loans in such amount for New Tranche A Term Loans in an equal principal amount. 
  
 E. Each existing Tranche B Lender (an “Existing Tranche B Term Lender” and, together with the Existing Tranche A Term Lenders, the “Existing Term Lenders”) that executes and delivers
this Amendment specifically in the capacity of a Renewing Tranche B Term Lender (a “Renewing Tranche B Term Lender” and, together with the Renewing Tranche A Term Lenders, the “Renewing Term Lenders”) will be deemed
(i) to have agreed to the terms of this Amendment, (ii) upon the Repricing Amendment Effective Date, to have made a commitment to make New Tranche B Term Loans in an aggregate principal amount up to, but not in excess of, the aggregate principal
amount of such Existing Tranche B Term Lender’s outstanding Tranche B Term Loans immediately prior to such effectiveness (“Existing Tranche B Term Loans” and, together with the Existing Tranche A Term Loans, the
“Existing Term Loans”) and (iii) upon the Refinancing Date, to have made New Tranche B Term Loans in such amount (not in excess of the amount of its Existing Tranche B Term Loans) as is determined by the Borrower and the Arrangers
and notified to such Existing Tranche B Term Lender, by exchanging Existing Tranche B Term Loans in such amount for New Tranche B Term Loans in an equal principal amount. 
  
 F. Each existing Revolving Lender (an “Existing Revolving Lender”) that executes and delivers this
Amendment specifically in the capacity of a Renewing Revolving Lender (a “Renewing Revolving Lender”) will be deemed (i) to have agreed to the terms of this Amendment, (ii) upon the Repricing Amendment Effective Date, to have made a
New Revolving Commitment in an amount up to, but not in excess of, the amount of such Existing Revolving Lender’s Revolving Commitment immediately prior to such effectiveness (such Lender’s “Existing Revolving Commitment”)
and (iii) upon the Refinancing Date, to have made New Revolving Commitments is such amount (not in excess of its Existing Revolving Commitment) as is determined by the Borrower and the Arrangers and notified to such Existing Revolving Lender.

  

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 G. Each Person that agrees to become an Additional Tranche A Term Lender (an “Additional Tranche
A Term Lender”, including any Existing Tranche A Term Lender undertaking a commitment in respect of Tranche A Term Loans less than or in excess of the amount of its Existing Tranche A Term Loans) will make New Tranche A Term Loans to the
Borrower on the Refinancing Date (“Additional Tranche A Term Loans”), the proceeds of which will be used by the Borrower, together with other available cash, to repay in full the outstanding principal amount of Tranche A Term Loans
of Existing Tranche A Term Lenders that are not Renewing Tranche A Term Lenders (or deemed to be Renewing Tranche A Term Lenders pursuant to Section 4(c)) and the principal amounts, if any, of Existing Tranche A Term Loans of Renewing Tranche A Term
Lenders that are not exchanged by such Renewing Tranche A Term Lenders for New Tranche A Term Loans, and to pay fees and expenses incurred in connection with the prepayment of the Existing Tranche A Term Loans and this Amendment. 
  
 H. Each Person that agrees to become an Additional Tranche B Term Lender (an
“Additional Tranche B Term Lender”, including any Existing Tranche B Term Lender undertaking a commitment in respect of Tranche B Term Loans less than or in excess of the amount of its Existing Tranche B Term Loans and, together
with the Additional Tranche A Term Lenders, the “Additional Term Lenders”) will make New Tranche B Term Loans to the Borrower on the Term Loan Refinancing Date (“Additional Tranche B Term Loans” and, together with
the Additional Tranche A Term Loans, the “Additional Term Loans”), the proceeds of which will be used by the Borrower, together with other available cash, to repay in full the outstanding principal amount of Tranche B Term Loans of
Existing Tranche B Term Lenders that are not Renewing Tranche B Term Lenders (or deemed to be Renewing Tranche B Term Lenders pursuant to Section 4(c)) and the principal amounts, if any, of Existing Tranche B Term Loans of Renewing Tranche B Term
Lenders that are not exchanged by such Renewing Tranche B Term Lenders for New Tranche B Term Loans, and to pay fees and expenses incurred in connection with the prepayment of the Existing Tranche B Term Loans and this Amendment. 
  
 I. Each Person that agrees to become an Additional Revolving Lender (an
“Additional Revolving Lender”, including any Existing Revolving Lender undertaking a New Revolving Commitment less than or in excess of the amount of its Existing Revolving Commitment) will be deemed to have made a New Revolving
Commitment in an aggregate amount (not in excess of its Additional Revolving Commitment (as defined below)) as determined by the Borrower and the Arrangers and notified to such Additional Revolving Lender. 
  
 J. Each Existing Term Lender or Existing Revolving Lender that executes and
delivers this Amendment solely in the capacity of a Tranche A Lender, a Tranche B Lender or a Revolving Lender, as the case may be, and not specifically as a Renewing Term Lender or a Renewing Revolving Lender will be deemed to have agreed to the
terms of this Amendment but will not be deemed to have made any commitment to make New Term Loans or to have made any New Revolving Commitment. 
  

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 K. The Lenders are willing, subject to the terms and conditions set forth in this Amendment, to amend the
Credit Agreement to effect the Repricing Amendments and to amend and restate the Credit Agreement to effect the IPO Amendments. 
  
 L. The Renewing Term Lenders and the Additional Term Lenders (collectively, the “New Term Lenders”) are severally willing to make the New
Term Loans as contemplated hereby, and the Renewing Revolving Lenders and the Additional Revolving Lenders (collectively, the “New Revolving Lenders” and, together with the New Term Lenders, the (“New Lenders”) are
severally willing to make the New Revolving Commitments as contemplated hereby, in each case, subject to the terms and the applicable conditions set forth in this Amendment. 
  
 Accordingly, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto hereby agree as follows: 
  
 SECTION 1. Amendments to the Credit Agreement to Effect Repricing Amendments. Effective as of the Repricing Amendment Effective Date: 
  
 (a) the definition of each of the following terms in Section 1.01 of the Credit Agreement is amended to read in its entirety
as follows: 
  
 “Applicable
Rate” means, for any day (a) with respect to any Tranche B Term Loan, (i) at such times as the Leverage Ratio as of the most recent determination date is greater than or equal to 5.00 to 1.00, 1.25% per annum, in the case of an ABR Loan,
and 2.25% per annum, in the case of a Eurodollar Loan, and (ii) at such times as the Leverage Ratio as of the most recent determination date is less than 5.00 to 1.00, 1.00% per annum, in the case of an ABR Loan, and 2.00% per annum, in the case of
a Eurodollar Loan, and (b) with respect to any ABR Loan or Eurodollar Loan that is a Revolving Loan or a Tranche A Term Loan, or with respect to the commitment fees payable hereunder, as the case may be, the applicable rate per annum set forth below
under the caption “ABR Spread”, “Eurocurrency Spread” or “Commitment Fee Rate”, as the case may be, based upon the Leverage Ratio as of the most recent determination date: 
  

										
	 Leverage Ratio:

	  	ABR
Spread

	 	 	Eurocurrency
Spread

	 	 	Commitment Fee
Rate

	 
	 Category 1
 greater than or equal to
 4.50 to 1.00
	  	1.00	%	 	2.00	%	 	0.375	%
				
	 Category 2
 greater than or equal to
 4.00 to 1.00
 but less than 4.50 to 1.00
	  	0.75	%	 	1.75	%	 	0.375	%
				
	 Category 3
 less than 4.00 to 1.00
	  	0.50	%	 	1.50	%	 	0.375	%

  

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 For purposes of the foregoing, (i) the Leverage Ratio shall be determined as of the end
of each fiscal quarter of the Borrower’s fiscal year based upon the consolidated financial statements delivered pursuant to Section 5.01(a) or (b) and (ii) each change in the Applicable Rate resulting from a change in the Leverage Ratio shall
be effective during the period commencing on and including the date of delivery to the Administrative Agent of such consolidated financial statements indicating such change and ending on the date immediately preceding the effective date of the next
such change; provided that the Leverage Ratio shall be deemed to be in Category 1 (A) at any time that an Event of Default has occurred and is continuing or (B) if the Borrower fails to deliver the consolidated financial statements required
to be delivered by it pursuant to Section 5.01(a) or (b), during the period from the expiration of the time for delivery thereof until such consolidated financial statements are delivered. 
  
 “Effective Date” means September 9, 2003,
which is the date on which the conditions specified in Section 4.01 were satisfied. 
  
 “Senior Subordinated Notes” means the Borrower’s 9 7/8% Senior Subordinated Notes due 2013 in an initial aggregate principal amount of $780,000,000. 
  
 “Senior Unsecured Notes” means the
Borrower’s 81⁄2% Senior Notes due 2010 in an initial aggregate principal amount of $385,000,000. 
  
 “Tranche A Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche A
Term Loan hereunder on the Effective Date or, in the case of a New Tranche A Lender, on the Refinancing Date, expressed as an amount representing the maximum principal amount of the Tranche A Term Loan to be made by such Lender hereunder, as such
commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Tranche A
Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Tranche A Commitment, as applicable. The aggregate amount of the Lenders’ Tranche A Commitments on the
Refinancing Date shall be not greater than the aggregate principal amount of Tranche A Term Loans outstanding immediately prior to the Refinancing Date. 
  
 “Tranche B Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B
Term Loan hereunder on the Effective Date or, in the case of a New Tranche B Lender, on the Refinancing Date, expressed as an amount representing the maximum principal amount of the Tranche B Term Loan to be made by such Lender hereunder, as such
commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s 
  

 5 

 Tranche B Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which
such Lender shall have assumed its Tranche B Commitment, as applicable. The aggregate amount of the Lenders’ Tranche B Commitments on the Refinancing Date shall be not greater than the aggregate principal amount of Tranche B Term Loans
outstanding immediately prior to the Refinancing Date. 
  
 (b)
Section 1.01 of the Credit Agreement is amended to add definitions of the following terms in appropriate alphabetical order: 
  
 “New Tranche A Lender” means a Person that has a commitment, established pursuant to the Second Amendment, to make a
Tranche A Term Loan on the Refinancing Date. 
  
 “New Tranche B Lender” means a Person that has a commitment, established pursuant to the Second Amendment, to make a Tranche B Term Loan on the Refinancing Date. 
  
 “Refinancing Date” means the date on which
Tranche A Term Loans and Tranche B Term Loans are made, and Revolving Commitments are established, in each case pursuant to Section 4 of the Second Amendment. 
  

“Second Amendment” means the Second Amendment and Restatement, dated as of June 11, 2004, to this Agreement.

  
 (c) the definition of the term “Revolving
Commitment” in Section 1.01 of the Credit Agreement is amended by deleting the last sentence thereof in its entirety and replacing such sentence with a sentence that reads as follows: “The aggregate amount of the Lenders’ Revolving
Commitments on the Refinancing Date is $100,000,000.”. 
  
 (d) Section 2.01 of the Credit Agreement is amended by (i) adding the phrase “(and, in the case of Term Loans to be made on the Refinancing Date, to the terms and conditions set forth in the Second Amendment, as applicable)”
immediately following the phrase “Subject to the terms and conditions set forth herein” in the first sentence thereof, (ii) inserting in clause (a) of such sentence immediately following the words “Effective Date” appearing
therein the phrase “or, in the case of New Tranche A Lenders, on the Refinancing Date” and (iii) inserting in clause (b) of such sentence immediately following the words “Effective Date” appearing therein the phrase “or, in
the case of New Tranche B Lenders, on the Refinancing Date”. 
  
 (e) Section 2.08(a) of the Credit Agreement is amended to read in its entirety as follows: 
  
 “(a) Unless previously terminated, (i) the initial Tranche A Commitments shall terminate at 5:00 p.m., New York City time, on the
Effective Date, and the Tranche A Commitments of the New Tranche A Lenders shall terminate at 5:00 p.m., New York City time, on the Refinancing Date, (ii) the initial Tranche B Commitments shall terminate 
  

 6 

 at 5:00 p.m., New York City time, on the Effective Date, and the Tranche B Commitments of the New Tranche
B Lenders shall terminate at 5:00 p.m., New York City time, on the Refinancing Date, and (iii) the Revolving Commitments shall terminate on the Revolving Maturity Date.” 
  
 (f) Section 2.10(a) of the Credit Agreement is amended to read in its entirety as follows: 
  
 “(a) Subject to adjustment pursuant to paragraph (d) of
this Section 2.10, the Borrower shall repay Tranche A Term Loans on each date set forth below in an aggregate principal amount set forth opposite such date (each such date being called an “Installment Date”): 
  

				
	 Date

	  	Amount

	 March 31, 2005
	  	$	8,355,778
	 June 30, 2005
	  	$	28,800,000
	 September 30, 2005
	  	$	28,800,000
	 December 31, 2005
	  	$	36,000,000
	 March 31, 2006
	  	$	36,000,000
	 June 30, 2006
	  	$	36,000,000
	 September 30, 2006
	  	$	36,000,000
	 December 31, 2006
	  	$	48,000,000
	 March 31, 2007
	  	$	48,000,000
	 June 30, 2007
	  	$	48,000,000
	 September 30, 2007
	  	$	48,000,000
	 December 31, 2007
	  	$	50,400,000
	 March 31, 2008
	  	$	50,400,000
	 June 30, 2008
	  	$	50,400,000
	 September 30, 2008
	  	$	50,400,000
	 December 31, 2008
	  	$	66,000,000
	 March 31, 2009
	  	$	66,000,000
	 June 30, 2009
	  	$	66,000,000
	 Tranche A Maturity Date
	  	$	66,000,000

  
 ”. 
  

 7 

 (g) Section 2.10(b) of the Credit Agreement is amended to read in its entirety as follows: 
  
 “(b) Subject to adjustment pursuant to paragraph (d) of
this Section 2.10, the Borrower shall repay Tranche B Borrowings on each date set forth below in an amount equal to the percentage of the aggregate principal amount of Tranche B Term Loans made on the Refinancing Date set forth opposite such date:

  

				
	 Date

	  	Percentage of
Principal Amount
to be Repaid

	 
	 June 30, 2005
	  	1.04	%
	 September 30, 2005
	  	1.04	%
	 December 31, 2005
	  	1.04	%
	 March 31, 2006
	  	1.04	%
	 June 30, 2006
	  	1.04	%
	 September 30, 2006
	  	1.04	%
	 December 31, 2006
	  	1.04	%
	 March 31, 2007
	  	1.04	%
	 June 30, 2007
	  	1.04	%
	 September 30, 2007
	  	1.04	%
	 December 31, 2007
	  	1.04	%
	 March 31, 2008
	  	1.04	%
	 June 30, 2008
	  	1.04	%
	 September 30, 2008
	  	1.04	%
	 December 31, 2008
	  	1.04	%
	 March 31, 2009
	  	1.04	%
	 June 30, 2009
	  	19.80	%
	 September 30, 2009
	  	19.80	%
	 December 31, 2009
	  	21.88	%
	 Tranche B Maturity Date
	  	21.88	%

  
 ”. 
  
 (h) Section 2.10(d) of the Credit Agreement is amended to read in its
entirety as follows: 
  
 “(d) Any mandatory
or optional prepayment of a Tranche A Term Borrowing shall be applied first to reduce the first scheduled payment to become due under Section 2.10(a) and, thereafter, to reduce subsequent scheduled repayments of Tranche A Term Borrowings to be made
pursuant to Section 2.10(a) ratably, and any mandatory or optional prepayment of a Tranche B Term Borrowing shall be applied to reduce the subsequent scheduled payments of the Tranche B Term Borrowings to be made pursuant to Section 2.10(b)
ratably.” 
  
 (i) Section 2.11(f) of the Credit Agreement is
amended by inserting immediately following the phrase “provided that,” at the beginning of the proviso to the second sentence thereof a phrase that reads as follows: “(i) the proceeds of the Tranche A Term Loans made on the
Refinancing Date, together with such additional amounts as may be necessary, shall be applied to the repayment of all Tranche A Term Loans outstanding immediately prior to the Refinancing Date, (ii) the proceeds of the Tranche B Term Loans made on
the Refinancing Date, together with such additional amounts as may be necessary, shall be applied to the repayment of all Tranche B Term Loans outstanding immediately prior to the Refinancing Date and (iii)”. 
  

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 (j) Section 5.11 of the Credit Agreement is amended by deleting the first sentence thereof in its
entirety and inserting a new first sentence of such Section that reads as follows: “The proceeds of the Term Loans borrowed on the Refinancing Date will be used only to refinance Term Loans outstanding immediately prior to the Refinancing Date
and to pay fees and expenses in connection therewith.”. 
  
 (k) Schedule 2.01 of the Credit Agreement is deleted and replaced in its entirety with a new Schedule 2.01 that will, upon completion of the allocations of commitments in respect of New Term Loans and New Revolving Commitments in accordance
with the terms hereof, set forth each Lender’s Tranche A Commitment, Tranche B Commitment and Revolving Commitment, and shall be furnished to each Lender promptly upon the completion of such allocations. 
  
 SECTION 2. Amendment and Restatement of Credit Agreement to Effect IPO
Amendments. Effective as of the IPO Amendment Effective Date (as defined below), the Credit Agreement is hereby amended and restated in the form of the Amended and Restated Credit Agreement (it being understood that all schedules and exhibits to
the Credit Agreement shall continue to constitute schedules and exhibits to the Credit Agreement, as amended and restated hereby, in the forms thereof immediately prior to the IPO Amendment Effective Date). 
  
 SECTION 3. Representations and Warranties. To induce the other parties
hereto to enter into this Amendment, each of the Borrower, the Parent and Holdings represents and warrants to each of the Lenders, the Additional Term Lenders, the Additional Revolving Lenders and the Agent that, as of the Repricing Amendment
Effective Date and as of the IPO Amendment Effective Date: 
  
 (a) This Amendment has been duly authorized, executed and delivered by it and this Amendment and the Credit Agreement, as amended and restated hereby, constitutes its valid and binding obligation, enforceable against it in accordance with
its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or
at law. 
  
 (b) The representations and warranties set forth in
Article III of the Credit Agreement are true and correct in all material respects on and as of the Repricing Amendment Effective Date and the IPO Amendment Effective Date with the same effect as though made on and as of the Repricing Amendment
Effective Date or the IPO Amendment Effective Date, as the case may be, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties were true and correct in all
material respects as of such earlier date); provided that the foregoing representation is made by the Parent only in respect of the representations and warranties set forth in Sections 3.01, 3.02, 3.03, 3.08, 3.09 and 3.12 of the Credit
Agreement. 
  

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 (c) No Default or Event of Default has occurred and is continuing. 
  
 SECTION 4. New Term Loans; New Revolving Commitments. (a) Subject to
the terms and conditions set forth herein, (i) each Renewing Tranche A Term Lender agrees to make New Tranche A Term Loans to the Borrower on the Refinancing Date in such amounts (not in excess of its Existing Tranche A Term Loans) as are determined
by the Borrower and the Arrangers and notified to such Lender by exchanging its Existing Tranche A Term Loans in such amounts for New Tranche A Term Loans in an equal principal amount, (ii) each Renewing Tranche B Term Lender agrees to make New
Tranche B Term Loans to the Borrower on the Refinancing Date in such amounts (not in excess of its Existing Tranche B Term Loans) as are determined by the Borrower and the Arrangers and notified to such Lender by exchanging its Existing Tranche B
Term Loans in such amounts for New Tranche B Term Loans in an equal principal amount, (iii) each Additional Term Lender agrees to make New Tranche A Term Loans or New Tranche B Term Loans, as applicable, to the Borrower on the Refinancing Date in a
principal amount equal to such Additional Term Lender’s Additional Term Loan Commitment (as defined below), (iv) each Renewing Revolving Lender agrees to make a New Revolving Commitment on the Refinancing Date in such amount (not in excess of
its Existing Revolving Commitment) as is determined by the Borrower and the Arrangers and notified to such Lender and (v) each Additional Revolving Lender agrees to make a New Revolving Commitment on the Refinancing Date in an amount equal to such
Additional Revolving Lender’s Additional Revolving Commitment (as defined below). For purposes hereof and of the Credit Agreement, a Person shall become an Additional Term Lender or an Additional Revolving Lender, as the case may be, by
executing and delivering to the Agent, on or prior to the Refinancing Date, a written instrument in a form satisfactory to the Agent (a “Joinder Agreement”) pursuant to which such Person (i) commits to make Additional Term Loans or
to make New Revolving Commitments, as the case may be, on the Refinancing Date, in an amount set forth in such Joinder Agreement, and (ii) agrees to become party to the Credit Agreement as a Tranche A Lender, a Tranche B Lender or a Revolving
Lender, as the case may be, and to be bound by the terms and provisions thereof. The “Additional Term Loan Commitment” of an Additional Term Lender shall be the amount of its commitment to make New Tranche A Term Loans or New
Tranche B Term Loans, as applicable, as set forth in its Joinder Agreement, and the “Additional Revolving Commitment” of an Additional Revolving Lender shall be the amount of its New Revolving Commitment as set forth in its Joinder
Agreement, or, in the case of either an Additional Term Loan Commitment or an Additional Revolving Commitment, such lesser amount as is allocated to it by the Borrower and the Arrangers by notice to such Lender prior to the Refinancing Date. The
commitments of the New Term Lenders are several and no New Term Lender shall be responsible for any other New Term Lender’s failure to make New Term Loans, and the New Revolving Commitments are several and no New Revolving Lender shall be
responsible for any other New Revolving Lender’s failure to make Revolving Loans or to acquire participations in Letters of Credit or Swingline Loans under the Credit Agreement. For purposes hereof, the “Refinancing Date” shall
be a Business Day selected by the Borrower occurring on or after June 11, 2004 and prior to June 18, 2004, on which each of the conditions set forth in paragraph (e) of this Section 4 is satisfied. 
  

 10 

 The Borrower shall give the Agent at least two Business Days’ prior written notice of the date selected by it as the
Refinancing Date. 
  
 (b) Notwithstanding anything herein to the
contrary, any Renewing Term Lender (including any Lender that is deemed to be a Renewing Term Lender in accordance with Section 4(c)) that desires to have its Existing Term Loan repaid on the Refinancing Date and to make a New Term Loan on the
Refinancing Date by funding a New Term Loan in same aggregate principal amount of the New Term Loan such Lender would have otherwise made by exchanging its Existing Term Loans for New Term Loans as provided in Section 4(a) may do so, provided such
Lender makes an election to do so by providing written notice thereof to the Agent not later than the time it delivers an executed counterpart of the signature page hereof to the Agent (or its counsel). 
  
 (c) Any Existing Term Lender that executes a Joinder Agreement and whose
Additional Term Loan Commitment is greater than the amount of its Existing Term Loans will be deemed to be a Renewing Term Lender to the extent of the amount of its Existing Term Loans. 
  
 (d) Notwithstanding anything herein or in the Credit Agreement to the contrary, the aggregate principal amount of the New
Term Loans will not exceed the aggregate principal amount of the Existing Term Loans, and the aggregate amount of the New Revolving Commitments will not exceed the aggregate amount of the Existing Revolving Commitments. 
  
 (e) The obligation of each New Term Lender to make New Term Loans, and the
obligation of each New Revolving Lender to make New Revolving Commitments, in each case on the Refinancing Date, is subject to the satisfaction of the following conditions: 
  
 (i) The conditions set forth in Section 4.02 of the Credit Agreement shall be satisfied on and as of the
Refinancing Date, and the Agent shall have received a certificate of a Financial Officer, dated the Refinancing Date, to such effect. 
  
 (ii) The Agent shall have received a favorable legal opinion of Latham & Watkins LLP, counsel to the Borrower, Holdings and the
Parent, addressed to the Agent and the New Lenders and dated the Refinancing Date, covering such matters relating to the New Term Loans, this Amendment, the Credit Agreement as amended hereby, and the other Loan Documents and security interests
thereunder as the Agent may reasonably request, and such opinion shall be reasonably satisfactory to the Agent. 
  
 (iii) The Agent shall have received such documents and certificates as the Agent or its counsel may reasonably request relating to the
organization, existence and good standing of each Loan Party, the authorization of this Amendment and the transactions contemplated hereby and any other legal matters relating to the Loan Parties, this Amendment, the other Loan Documents and the
transactions contemplated hereby, all in form and substance reasonably satisfactory to the Agent. 
  

 11 

 (iv) To the extent deemed necessary or appropriate by the Agent, each Security Document
shall have been amended to provide the benefits thereof to the New Lenders on the same basis as such benefits are provided to the existing Lenders. 
  
 (v) Each Loan Party that has not executed and delivered this Amendment shall have entered into a written instrument reasonably
satisfactory to the Agent pursuant to which it confirms that it consents to this Amendment and the New Term Loans and New Revolving Commitments and that the Security Documents to which it is party will continue to apply in respect of the Credit
Agreement, as amended hereby, and the Obligations of such Loan Party. 
  
 (vi) The aggregate amount of the Additional Term Loan Commitments of the Additional Term Lenders, as set forth in their Joinder Agreements, plus the amount of any cash available to be used to prepay Existing Term
Loans, shall equal or exceed the aggregate principal amount of the Existing Term Loans of Term Lenders other than Existing Term Loans of any Renewing Term Lenders that are refinanced with New Term Loans made by such Renewing Term Lender. 

 
 (vii) The aggregate amount of the Additional Revolving
Commitments of the New Revolving Lenders, as set forth in their Joinder Agreements, plus the amount of the New Revolving Commitments of the Renewing Revolving Lenders, shall equal or exceed the aggregate amount of the Existing Revolving Commitments.

  
 (viii) The Agent shall have received evidence
that the Borrower has made the payments referred to in Section 4(g) or is making such payments on the Refinancing Date with the proceeds of the Additional Term Loans and such other funds as may be required. 
  
 (ix) There shall be no outstanding Letters of Credit issued
under the Credit Agreement and no outstanding Revolving Loans or unreimbursed LC Disbursements on the Refinancing Date. 
  
 (x) The conditions to effectiveness of this Amendment set forth in Section 7(a) hereof shall have been satisfied. 
  
 (f) Notwithstanding anything in the Credit Agreement to the contrary, the
Borrower shall be permitted to request that the initial Interest Period to be applicable to any New Term Loan Borrowings to be made on the Refinancing Date in the form of Eurocurrency Borrowings be a period other than a period contemplated by the
definition of the term “Interest Period” in the Credit Agreement, provided that all Lenders participating therein agree to make an interest period of the requested duration available. 
  
 (g) On the Refinancing Date, the Borrower shall apply the proceeds of the
Additional Term Loans and such other amounts as may be necessary to (i) prepay in full all Existing Term Loans (after giving effect to New Term Loans made by Renewing Term Lenders to repay their Existing Term Loans), (ii) pay all accrued and unpaid

  

 12 

 interest on all Existing Term Loans, (iii) pay to each Tranche A Lender and to each Tranche B Lender all amounts payable
pursuant to Section 2.16 of the Credit Agreement as a result of the prepayment of such Lender’s Existing Term Loans (other than in respect of Existing Term Loans of Renewing Term Lenders that are exchanged for New Term Loans of such Renewing
Term Lenders) and all other Obligations then due and owing to such Lenders under the Credit Agreement in their capacities as such and (iv) pay to each Existing Revolving Lender (including each Renewing Revolving Lender) all accrued and unpaid
commitment fees payable pursuant to Section 2.12(a) of the Credit Agreement, all accrued and unpaid participation fees payable pursuant to Section 2.12(b) and all other Obligations then due and owing to such Lenders under the Credit Agreement in
their capacities as such. 
  
 (h) On and after the Term Loan
Refinancing Date, each reference in the Credit Agreement to “Tranche A Term Loans” shall be deemed a reference to the New Tranche A Term Loans contemplated hereby, each reference to “Tranche B Term Loans” shall be deemed a
reference to the New Tranche B Term Loans contemplated hereby and each reference to “Revolving Commitments” shall be deemed a reference to the New Revolving Commitments contemplated hereby. Notwithstanding the foregoing, the provisions of
the Credit Agreement with respect to indemnification, reimbursement of costs and expenses, increased costs and break funding payments shall continue in full force and effect with respect to, and for the benefit of, each Lender that was a Tranche A
Lender, a Tranche B Lender or a Revolving Lender, as the case may be, prior to the Refinancing Date, but that is not a New Lender. 
  
 SECTION 5. Additional Agreements. To induce the other parties hereto to enter into this Amendment, each of the Borrower, the Parent and Holdings
covenants and agrees with the Lenders that: 
  
 (a) As used in
this Section 5, the following terms have the meanings specified below: 
  
 “Contributed IPO Proceeds” means the amount of IPO Proceeds less the amount required to effect the Parent Preferred Redemption. 
  
 “East Designated Claw Proceeds” means the aggregate principal amount of the East
Borrower’s 12 1/8% senior subordinated notes due 2012 specified in the “Use of Proceeds” section
of the form of prospectus filed as part of the Registration Statement to be redeemed with the IPO Proceeds, plus the amount required to pay accrued and unpaid interest and associated redemption premiums on the principal amount so specified.

  
 “IPO Date” means the
date on which the Parent IPO is consummated and the Parent receives the IPO Proceeds. 
  
 “IPO Proceeds” means the Net Proceeds received by Parent from the issuance and sale of its common Equity Interests in the
Parent IPO. 
  

 13 

 “Non-Designated IPO Proceeds” means the portion, if any, of the
Contributed IPO Proceeds that do not constitute West Designated Claw Proceeds or East Designated Claw Proceeds. 
  
 “Parent Preferred Redemption” means the redemption by Parent of all its outstanding 5% Series A Preferred Stock for
approximately $125,700,000 plus the amount of accrued and unpaid dividends thereon. 
  
 “Registration Statement” means the registration statement on Form S-1 filed by Parent with the Securities and Exchange
Commission on May 14, 2004 in connection with the Parent IPO, as the same may be amended from time to time, in the form thereof that is declared effective by the Securities and Exchange Commission. 
  
 “West Allocable IPO Proceeds” means the sum
of (a) the West Designated Claw Proceeds and (b) 58% of all Non-Designated IPO Proceeds. 
  
 “West Designated Claw Proceeds” means the aggregate principal amount of Senior Subordinated Notes specified in the
“Use of Proceeds” section of the form of prospectus filed as part of the Registration Statement to be redeemed with the IPO Proceeds, plus the amount required to pay accrued and unpaid interest and associated redemption premiums on the
principal amount so specified. 
  
 (b) The Parent will, not later
than the Business Day immediately preceding the date established for the redemption of the Senior Subordinated Notes pursuant to the notice of redemption mailed by the Borrower in accordance with Section 5(d), contribute the West Allocable IPO
Proceeds to the common capital of Holdings or utilize the full amount of the West Allocable IPO Proceeds to purchase Equity Interests of Holdings. Promptly after receiving the proceeds of any capital contribution from, or from the purchase of its
Equity Interests by, the Parent pursuant to this paragraph, Holdings will contribute the full amount thereof to the common capital of the Borrower. 
  
 (c) The Parent will, not later than five Business Days after the IPO Date, mail an irrevocable notice of redemption to all holders of the Parent’s 5%
Series A Preferred Stock in accordance with the terms of the certificate of designation relating thereto, which notice shall provide for the redemption in full of all outstanding shares of the Parent’s 5% Series A Preferred Stock and the
payment of all accrued and unpaid dividends thereon through the date of redemption. 
  
 (d) The Borrower will, not later than five Business Days after the IPO Date, mail an irrevocable notice of redemption to all holders of the Senior Subordinated Notes in accordance with the terms of indenture relating
thereto, which notice shall provide for the redemption of the aggregate principal amount of Senior Subordinated Notes specified in the “Use of Proceeds” section of the form of prospectus filed as part of the Registration Statement.

  

 14 

 SECTION 6. Other Agreements. The Required Lenders acknowledge and agree that, in connection with
the consummation of the Parent IPO, the obligation to pay annual management fees under the Management Agreements will be terminated in exchange for a lump sum payment to each of the Sponsors of $5,000,000 ($10,000,000 in the aggregate), and that the
foregoing shall be deemed not to violate any provision of the Credit Agreement to the contrary. 
  
 SECTION 7. Effectiveness of Repricing Amendments and IPO Amendments. (a) The Repricing Amendments shall become effective as of the first date (the
“Repricing Amendment Effective Date”) on which the following conditions have been satisfied: 
  
 (i) The Agent (or its counsel) shall have received duly executed counterparts hereof that, when taken together, bear the signatures of (A)
the Borrower, the Parent and Holdings, (B) the Required Lenders, (C) each Renewing Term Lender and (D) each Renewing Revolving Lender. 
  
 (ii) To the extent invoiced, the Agent shall have received payment or reimbursement of its reasonable out-of-pocket expenses in connection
with this Amendment and any other out-of-pocket expenses of the Agent required to be paid or reimbursed pursuant to the Credit Agreement, including the reasonable fees, charges and disbursements of counsel for the Agent. 
  
 (b) The IPO Amendments and the amendment and restatement of the Credit
Agreement effected hereby in connection therewith shall become effective as of the first date (the “IPO Amendment Effective Date”) on which the following conditions have been satisfied: 
  
 (i) The Parent IPO shall have been consummated in accordance
with applicable law and the Parent shall have received the Net Proceeds from the issuance and sale of its common Equity Interests in the Parent IPO. 
  
 (ii) The Agent shall have received a certificate of a Financial Officer certifying that, as of the date of such certificate, (A) each of
the Borrower, the Parent and Holdings has performed the obligations required to be performed by it under Section 5 hereof and (B) the conditions set forth in Section 4.02 of the Credit Agreement have been satisfied. 
  
 SECTION 8. Effect of Amendment. (a) Except as expressly set forth
herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Agent under the Credit Agreement or any other Loan Document, and shall not alter,
modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or of any other Loan Document, all of which are ratified and
affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle the Borrower to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations,
covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. 
  

 15 

 (b) On and after the Repricing Amendment Effective Date, each reference in the Credit Agreement to
“this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, and each reference to the Credit Agreement in any other Loan Document shall be deemed a reference to the Credit Agreement as amended
to give effect to the Repricing Amendments, and on and after the IPO Amendment Effective Date, each such reference shall be deemed a reference to the Credit Agreement as amended and restated hereby to give effect to the IPO Amendments. This
Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents. 
  
 SECTION 9. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York.

  
 SECTION 10. Costs and Expenses. The Borrower agrees to
reimburse the Agent for its reasonable out of pocket expenses in connection with this Amendment, including the reasonable fees, charges and disbursements of counsel for the Agent. 
  
 SECTION 11. Counterparts. This Amendment may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of any executed counterpart of a signature page
of this Amendment by facsimile transmission shall be as effective as delivery of a manually executed counterpart hereof. 
  
 SECTION 12. Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

  

 16 

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

			
	DEX MEDIA WEST LLC,
		
	by	 	 /S/    GEORGE BURNETT

	Name:	 	George Burnett
	Title:	 	President and Chief Executive Officer
	
	DEX MEDIA WEST, INC.,
		
	by	 	 /S/    GEORGE BURNETT 

	Name:	 	George Burnett
	Title:	 	President and Chief Executive Officer
	
	DEX MEDIA, INC.,
		
	by	 	 /S/    GEORGE BURNETT

	Name:	 	George Burnett .
	Title:	 	President and Chief Executive Officer

  

 17 

			
	 JPMORGAN CHASE BANK, individually
 and as
Agent,

		
	 	 	 
	by	 	 /S/    THOMAS H. KOZIARK

	Name:	 	Thomas H. Koziark
	Title:	 	Vice President

  

 18 

 SIGNATURE PAGE TO 
 SECOND AMENDMENT AND RESTATEMENT 
 TO THE DEX MEDIA WEST CREDIT AGREEMENT 
 DATED AS OF SEPTEMBER 9, 2003, AS AMENDED 
  
 To approve Second Amendment and Restatement*: 
  

							
	Name of Institution	 	Name of Institution
		
	  

	 	

	as a Renewing Revolving Lender	 	as a Revolving Lender
				
	by	 	  

	 	by	 	  

	Name:	 	 	 	Name:	 	 
	Title:	 	 	 	Title:	 	 
		
	Name of Institution	 	Name of Institution
		
	  

	 	  

		
	as a Renewing Tranche A Term Lender	 	as a Tranche A Lender
				
	by	 	  

	 	by	 	  

	Name:	 	 	 	Name:	 	 
	Title:	 	 	 	Title:	 	 
		
	Name of Institution	 	Name of Institution
		
	  

	 	  

		
	as a Renewing Tranche B Term Lender	 	as a Tranche B Lender
				
	by	 	  

	 	by	 	  

	Name:	 	 	 	Name:	 	 
	Title:	 	 	 	Title:	 	 

  

	*	Each Lender must sign separately in each capacity in which it is agreeing to the terms of this Amendment.Consulting Agreement between Registrant and Albert Y. Liu

 Exhibit 10.19 
  
 TURNSTONE SYSTEMS, INC. 
  
 Consulting Agreement 
  
 This Consulting Agreement (the “Agreement”) is made as of July 1, 2004 by and between Turnstone Systems, Inc., a Delaware corporation having its
principal place of business at 7650 Marathon Drive, Suite A, Livermore, CA 94550 (the “Company”), and Albert Liu (the “Consultant”). 
  
 Recitals 
  
 1. The Company desires to retain the Consultant as an independent contractor to perform consulting services for the Company. 
  
 2. The Consultant is willing to perform such services for the Company on the
terms and subject to the conditions set forth in this Agreement. 
  
 NOW, THEREFORE, in consideration of the mutual promises set forth herein, the Company and the Consultant hereby agree as follows: 
  
 1. Function. The Consultant will assist, consult, and advise the Company in respect of such tasks, projects, and responsibilities as shall
be requested by the Company’s Board of Directors and/or its officers, as set forth on Exhibit A attached hereto. 
  
 2. Compensation. As consideration for such assistance, consultation, and advice, the Company will pay the Consultant the compensation set
forth on Exhibit A attached hereto. In addition, the Company will reimburse the Consultant for reasonable out-of-pocket expenses incurred by Consultant in the execution of Consultant’s duties as set forth in Section 1 above, as set forth
on Exhibit A attached hereto, provided that the Consultant shall provide the Company documentation for such expenses in accordance with the Company’s established policies for expense reimbursement, and the Consultant shall have otherwise
complied with all such policies. 
  
 3. Term. Either
Consultant or Company may terminate this Agreement at any time for any reason or no reason, with or without cause, by written notice. Termination shall not relieve the Consultant of Consultant’s continuing obligations under this Agreement,
including, without limitation, the requirements of Sections 4, 5, 6, or 7. 
  
 4. Confidentiality. 
  
 (a) “Confidential Information” means any Company proprietary information, technical data, trade secrets or know-how, including, but not limited to, research, product plans, products, services, suppliers, supplier lists, customers,
customer lists, markets, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances, or other business information disclosed by the Company, either
directly or indirectly, in writing, orally, or by drawings or inspection of parts or equipment. Confidential Information shall not include information which (i) is known to the Consultant at the time of disclosure to the Consultant by the Company as
evidenced by the written records of the Consultant, (ii) has become publicly known and made generally available through no wrongful act of the Consultant, or (iii) has been rightfully received by the Consultant from a third party who is authorized
to make such disclosure. 

 (b) The Consultant will not, during the term of this Agreement and thereafter, use the Company’s
Confidential Information for any purpose whatsoever other than the performance of services on behalf of the Company pursuant to Section 1 and will not disclose the Company’s Confidential Information to any third party, and it is understood that
said Confidential Information shall remain the sole property of the Company. Consultant further agrees to take all necessary precautions to prevent any unauthorized disclosure of Confidential Information including, but not limited to, having each
employee of Consultant, if any, with access to any Confidential Information, execute an agreement containing terms relating to Confidential Information and ownership of intellectual property substantially similar to those set forth in this
Agreement. 
  
 (c) The Consultant agrees that Consultant will not,
during the term of this Agreement, improperly use or disclose any proprietary information or trade secrets of any third party with which has an agreement or duty to keep in confidence information acquired by Consultant in confidence, and that
Consultant will not bring onto the premises of the Company any unpublished document or proprietary information belonging to such third party unless consented to in writing by such third party. The Consultant will indemnify the Company and hold it
harmless from and against all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and costs of suit, arising out of or in connection with any violation or claimed violation of a third party’s rights resulting in
whole or in part from the Company’s use of the work product of the Consultant under this Agreement. 
  
 (d) The Consultant recognizes that the Company has received and in the future will receive from third parties their confidential or proprietary
information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. The Consultant agrees that Consultant owes the Company and such third parties, during the
term of this Agreement and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in carrying out services
for the Company pursuant to Section 1 in a manner consistent with the Company’s agreement with such third party. 
  
 (e) Upon the termination of this Agreement, or at any time upon the Company’s request, the Consultant will promptly deliver to the Company all of the
Company’s property or Confidential Information in tangible form that Consultant may have in Consultant’s possession or control. 
  
 5. Ownership. 
  
 (a) The Consultant agrees that all copyrightable material, notes, records, drawings, designs, inventions, improvements, developments, discoveries, and
trade secrets (collectively, “Inventions”) conceived, made, or discovered by the Consultant, solely or in collaboration with others, during the term of this Agreement which relate in any manner to the business of the Company that
Consultant may be directed to undertake, investigate, or experiment with, in connection with the services to be performed by Consultant hereunder, are the sole property of the Company. Consultant further agrees to assign (or cause to be assigned)
and does hereby assign fully to the Company all such Inventions and any copyrightable patents, mask work rights, moral rights or other intellectual property rights relating thereto. This Agreement does not apply to inventions covered by Section 2870
of the California Labor Code, a copy of which is attached hereto as Exhibit B, or to inventions which were made prior to the date of this Agreement. 
  
 (b) The Consultant agrees to assist the Company, or its designee, at the Company’s expense, in every proper way to secure the Company’s rights
in the Inventions and any copyrights, patents, mask work 

 rights, or other intellectual property rights relating thereto in any and all countries, including the disclosure to the
Company of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments, and all other instruments which the Company shall deem necessary or appropriate in order to apply for and
obtain such rights and in order to assign and convey to the Company, its successors, assigns, and nominees the sole and exclusive rights, title, and interest in and to such Inventions, and any copyrights, patents, mask work rights, or other
intellectual property rights relating thereto. The Consultant further agrees that Consultant’s obligation to execute or cause to be executed, when it is in Consultant’s power to do so, any such instrument or papers shall continue after the
termination of this Agreement. 
  
 6. Conflicting
Obligations.  
  
 (a) The Consultant certifies that
Consultant has no outstanding agreement or obligation that is in conflict with any of the provisions of this Agreement or that would preclude the Consultant from complying with the provisions hereof and further certifies that Consultant will not
enter into any such conflicting agreement during the time in which Consultant is acting as an independent contractor of the Company or thereafter. 
  
 (b) In view of the Consultant’s access to the Company’s trade secrets and proprietary know-how, Consultant further agrees that Consultant will
not, without the Company’s prior written consent, design identical or substantially similar designs as those developed for the Company or for any third party during the time in which Consultant is acting as an independent contractor of the
Company and for a period of twelve (12) months thereafter. 
  
 7.
Covenant Not to Compete; Non-Solicitation. During the term of this Agreement, the Consultant will not, directly or indirectly, participate as an officer, director, employee, partner, principal, consultant or otherwise with, any person,
business or enterprise which is engaged in actual or potential competition with the Company or its affiliates, without the express prior written consent of the Company. The Consultant covenants and agrees with the Company that Consultant will not,
during the term of this Agreement and for a period of one year thereafter, whether directly or indirectly, solicit any of the Company’s then-current employees to terminate their employment with the Company or to become employed by any other
firm, company, or business. 
  
 8. Independent
Contractor. The Consultant is an independent contractor and will not act as an agent nor shall Consultant be deemed an employee of the Company for the purposes of any employee benefit program, income tax withholding, FICA taxes, unemployment
benefits or otherwise. The Consultant may not enter into any agreement or incur any obligations on the Company’s behalf, or commit the Company in any manner, without the Company’s express prior written consent. 
  
 9. Notices. Any notice required or permitted by this Agreement
shall be deemed to have been given if delivered personally or sent by registered or certified mail, postage and charges prepaid, addressed to the party at the party’s address set forth on the signature page hereof. 
  
 10. Governing Law. This Agreement and the application or
interpretation thereof shall be governed, construed, and enforced in accordance with the laws of the State of California as applied to agreements between California residents entered and to be performed entirely within California. 

 11. Miscellaneous. 
  
 (a) This Agreement, including the exhibits attached hereto and made a part hereof, constitutes and expresses the entire
agreement and understanding between the Company and the Consultant relating to the subject matter herein. All previous discussions, promises, representations, and understandings between the parties relative to this Agreement, if any, have been
merged into this document. No modification of or amendment to this Agreement, nor any waiver of rights under this Agreement, will be effective unless expressed in a writing signed by the party to be charged. 
  
 (b) The Consultant may not subcontract all or any part of the services to be
provided hereunder without the express prior written consent of the Company. 
  
 (c) This Agreement shall be binding upon and shall inure to the benefit of the Company’s successors, transferees, and assigns. 
  
 (d) The Consultant agrees that a breach of any of the representations, warranties, or covenants contained in this Agreement
will result in irreparable and continuing damage to the Company for which there will be no adequate remedy at law and that, consequently, the Company will be entitled to injunctive relief and/or a decree for specific performance and such other
relief as may be proper (including monetary damages, if appropriate). 
  
 (e) The waiver by the Company of a breach of any provision of this Agreement will not operate or be construed as a waiver of any other or subsequent breach. 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written. 
  

					
	 “COMPANY”
	 	 TURNSTONE SYSTEMS, INC.
 a Delaware corporation

	 	 	 By:
	 	  
 /s/ Eric Yeaman

	 	 	 Name:
	 	 Eric Yeaman

	 	 	 Title:
	 	 CEO & CFO

	 “CONSULTANT”
	 	  
 /s/ Albert
Liu

	 	 	 (signature)
  

	 	 	 Name:
	 	 Albert Liu

	 	 	 Title:
	 	 Consultant

	 	 	 Address:

	 	 	 Tax ID #:

 Exhibit A 
  

CONSULTANT COMPENSATION 
  
 Description of Services: Management of the dissolution of the Company. 
  
 Consultant shall report to: Eric Yeaman, CEO & CFO 
  
 Fees: US$125.00 per hour 
  
 Expenses authorized for reimbursement by Company: Reasonable expenses associated with the provisioning of services hereunder to be mutually agreed upon between the Company and Consultant. 

 Exhibit B 
  

Section 2870, California Labor Code 
  
 (a) Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her
employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions that either: 

 
 (1) Relate at the time of conception or reduction to practice of the
invention to the employer’s business, or actual or demonstrably anticipated research or development of the employer. 
  
 (2) Result from any work performed by the employee for the employer. 
  
 (b) To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from
being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable.

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