Document:

Fourth Supplement Indenture

 Exhibit 4.8(e) 
 FOURTH SUPPLEMENTAL INDENTURE 
 Supplemental Indenture (this “Supplemental
Indenture”), dated as of February 17, 2012, between NeuroFocus, Inc. (the “Guaranteeing Subsidiary”), an affiliate of Nielsen Finance LLC, a Delaware limited liability company and Nielsen Finance Co., a Delaware
corporation (the “Issuers”), and Law Debenture Trust Company of New York, as trustee (the “Trustee”). 
 W I T N E S S E T H 
 WHEREAS, the Issuers and the Guarantors (as defined in the
Indenture referred to below) have heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of October 12, 2010, providing for the issuance of an unlimited aggregate principal amount of Senior
Notes due 2018 (the “Notes”); 
 WHEREAS, the Indenture provides that under certain circumstances the
Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuers’ Obligations under the Notes and the Indenture on the
terms and conditions set forth herein and under the Indenture (the “Guarantee”); and 
 WHEREAS, pursuant to
Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 
 NOW
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as
follows: 
 (1) Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to
them in the Indenture. 
 (2) Agreement to Guarantee. The Guaranteeing Subsidiary hereby agrees as follows: 

(a) Along with all Guarantors named in the Indenture, to jointly and severally unconditionally guarantee to each Holder of
a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of the Indenture, the Notes or the obligations of the Issuers hereunder or thereunder, that:

 (i) the principal of and interest, premium and Additional Interest, if any, on the Notes will be promptly paid
in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of the Issuers to the Holders or the Trustee hereunder
or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 
 (ii) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the
extension or renewal, whether at stated maturity, by acceleration or otherwise. Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors and the Guaranteeing Subsidiary shall be
jointly and severally obligated to pay the same immediately. This is a guarantee of payment and not a guarantee of collection. 

 (b) The obligations hereunder shall be unconditional, irrespective of the
validity, regularity or enforceability of the Notes or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment
against the Issuers, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. 

(c) The following is hereby waived: diligence, presentment, demand of payment, filing of claims with a court in the event
of insolvency or bankruptcy of the Issuers, any right to require a proceeding first against the Issuers, protest, notice and all demands whatsoever. 
 (d) This Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes, the Indenture and this Supplemental Indenture, and the Guaranteeing Subsidiary accepts
all obligations of a Guarantor under the Indenture. 
 (e) If any Holder or the Trustee is required by any court
or otherwise to return to the Issuers, the Guarantors (including the Guaranteeing Subsidiary), or any custodian, trustee, liquidator or other similar official acting in relation to either the Issuers or the Guarantors, any amount paid either to the
Trustee or such Holder, this Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. 
 (f) The Guaranteeing Subsidiary shall not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations
guaranteed hereby. 
 (g) As between the Guaranteeing Subsidiary, on the one hand, and the Holders and the
Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 of the Indenture for the purposes of this Guarantee, notwithstanding any stay, injunction or other prohibition
preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in Article 6 of the Indenture, such obligations (whether or not due and
payable) shall forthwith become due and payable by the Guaranteeing Subsidiary for the purpose of this Guarantee. 
 (h) The Guaranteeing Subsidiary shall have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights of the Holders under this
Guarantee. 
 (i) Pursuant to Section 10.02 of the Indenture, after giving effect to all other contingent
and fixed liabilities that are relevant under any applicable Bankruptcy or fraudulent conveyance laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in
respect of the obligations of such other Guarantor under Article 10 of the Indenture, this new Guarantee shall be limited to the maximum amount permissible such that the obligations of such Guaranteeing Subsidiary under this Guarantee will not
constitute a fraudulent transfer or conveyance. 

 (j) This Guarantee shall remain in full force and effect and continue to be
effective should any petition be filed by or against the Issuers for liquidation, reorganization, should the Issuers become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any
significant part of the Issuers’ assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Notes are, pursuant to applicable law,
rescinded or reduced in amount, or must otherwise be restored or returned by any obligee on the Notes and Guarantee, whether as a “voidable preference”, “fraudulent transfer” or otherwise, all as though such payment or
performance had not been made. In the event that any payment or any part thereof, is rescinded, reduced, restored or returned, the Note shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount paid and not
so rescinded, reduced, restored or returned. 
 (k) In case any provision of this Guarantee shall be invalid,
illegal or unenforceable, the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 (l) This Guarantee shall be a general unsecured senior obligation of such Guaranteeing Subsidiary, ranking pari passu with any other future Senior Indebtedness of the Guaranteeing Subsidiary, if
any. 
 (m) Each payment to be made by the Guaranteeing Subsidiary in respect of this Guarantee shall be made
without set-off, counterclaim, reduction or diminution of any kind or nature. 
 (3) Execution and Delivery. The
Guaranteeing Subsidiary agrees that the Guarantee shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of such Guarantee on the Notes. 

(4) Merger, Consolidation or Sale of All or Substantially All Assets. 

(a) Except as otherwise provided in Section 5.01(c) of the Indenture, the Guaranteeing Subsidiary may not consolidate or merge with
or into or wind up into (whether or not an Issuer or Guaranteeing Subsidiary is the surviving corporation), or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets, in one or more related
transactions, to any Person unless: 
 (i) (A) the Guaranteeing Subsidiary is the surviving corporation or
the Person formed by or surviving any such consolidation or merger (if other than the Guaranteeing Subsidiary) or to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made is a corporation organized or
existing under the laws of the jurisdiction of organization of the Guaranteeing Subsidiary, as the case may be, or the laws of the United States, any state thereof, the District of Columbia, or any territory thereof (the Guaranteeing Subsidiary or
such Person, as the case may be, being herein called the “Successor Person”); 
 (B) the
Successor Person, if other than the Guaranteeing Subsidiary, expressly assumes all the obligations of the Guaranteeing Subsidiary under the Indenture and the Guaranteeing Subsidiary’s related Guarantee pursuant to supplemental indentures or
other documents or instruments in form reasonably satisfactory to the Trustee; 
 (C) immediately after such
transaction, no Default exists; and 

 (D) the Issuers shall have delivered to the Trustee an Officer’s
Certificate and an Opinion of Counsel, each stating that such consolidation, merger or transfer and such supplemental indentures, if any, comply with the Indenture; or 

(ii) the transaction is made in compliance with Section 4.10 of the Indenture; 

(b) Subject to certain limitations described in the Indenture, the Successor Person will succeed to, and be substituted for, the
Guaranteeing Subsidiary under the Indenture and the Guaranteeing Subsidiary’s Guarantee. Notwithstanding the foregoing, the Guaranteeing Subsidiary may merge into or transfer all or part of its properties and assets to another Guarantor or the
Issuers. 
 (5) Releases. The Guarantee of the Guaranteeing Subsidiary shall be automatically and unconditionally
released and discharged, and no further action by the Guaranteeing Subsidiary, the Issuers or the Trustee is required for the release of the Guaranteeing Subsidiary’s Guarantee, upon: 

(1) (A) any sale, exchange or transfer (by merger or otherwise) of the Capital Stock of the Guaranteeing Subsidiary
(including any sale, exchange or transfer), after which the Guaranteeing Subsidiary is no longer a Restricted Subsidiary or all or substantially all the assets of the Guaranteeing Subsidiary which sale, exchange or transfer is made in compliance
with the applicable provisions of the Indenture; 
 (B) the release or discharge of the guarantee by the
Guaranteeing Subsidiary of the Senior Credit Facilities or the guarantee which resulted in the creation of the Guarantee, except a discharge or release by or as a result of payment under such guarantee; 

(C) the proper designation of the Guaranteeing Subsidiary as an Unrestricted Subsidiary; or 

(D) the Issuers exercising their Legal Defeasance option or Covenant Defeasance option in accordance with Article 8 of the
Indenture or the Issuers’ obligations under the Indenture being discharged in accordance with the terms of the Indenture; and 
 (2) the Guaranteeing Subsidiary delivering to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for in the Indenture relating to such
transaction have been complied with. 
 (6) No Recourse Against Others. No director, officer, employee, incorporator or
stockholder of the Guaranteeing Subsidiary shall have any liability for any obligations of the Issuers or the Guarantors (including the Guaranteeing Subsidiary) under the Notes, any Guarantees, the Indenture or this Supplemental Indenture or for any
claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting Notes waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

(7) Governing Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK. 
 (8) Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy
shall be an original, but all of them together represent the same agreement. 

 (9) Effect of Headings. The Section headings herein are for convenience only and
shall not affect the construction hereof. 
 (10) The Trustee. The Trustee shall not be responsible in any manner
whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary. 

(11) Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuers in respect
of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary
shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuers under the Indenture or the Notes shall have been paid in full. 

(12) Benefits Acknowledged. The Guaranteeing Subsidiary’s Guarantee is subject to the terms and conditions set forth in the
Indenture. The Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture and that the guarantee and waivers made by it
pursuant to this Guarantee are knowingly made in contemplation of such benefits. 
 (13) Successors. All agreements of
the Guaranteeing Subsidiary in this Supplemental Indenture shall bind its Successors, except as otherwise provided in Section 2(k) hereof or elsewhere in this Supplemental Indenture. All agreements of the Trustee in this Supplemental Indenture
shall bind its successors. 
 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed, all as of the date first above written. 
  

			
	NEUROFOCUS, INC.
		
	By:	 	 /s/ Harris A. Black

	Name:	 	Harris A. Black
	Title:	 	Vice President and Secretary
	
	LAW DEBENTURE TRUST COMPANY OF NEW YORK, as Trustee
		
	By:	 	 /s/ Anthony A. Bocchino, Jr.

	Name:	 	Anthony A. Bocchino, Jr.
	Title:	 	Managing DirectorEX-10-12-3

 Exhibit 10-12-3 
 SEPARATION AGREEMENT 
 AND 

RELEASE OF CLAIMS 

This Separation Agreement and Release of Claims (“Agreement”) is entered into on October 6, 2011, by Gannett Co., Inc.
(“Gannett”) and Craig A. Dubow (“you” or the “Executive”) in connection with your separation of employment from Gannett in accordance with your Employment Agreement dated February 27, 2007 and
amended August 7, 2007 and December 24, 2010 (the “Employment Agreement”). You and Gannett agree to the following: 
 1. Your final day as an employee of Gannett will be October 6, 2011 (the “Separation Date”), and you hereby resign as an employee, director, officer, and chairman of the board of directors
(the “Board”) of Gannett and all of its affiliates (and each of their respective boards of directors or other governing bodies) effective as of the Separation Date. In connection with the termination of your employment, you shall be
eligible for any and all payments and benefits as may be due to you under terms of any Gannett employee benefit plans in which you participate or are eligible for benefits as of the Separation Date, in accordance with the terms thereof and subject
to the terms of this Agreement. 
 2. Provided that you execute this Release of Claims and that it becomes effective in accordance with
paragraph 11 hereof, and subject to the provisions of paragraph 9 hereof, you and Gannett hereby agree that your termination of employment shall be deemed to have occurred pursuant to Section 5(a)(ii) of the Employment Agreement and, as a
result of such termination of employment: 
 (a) You will receive a cash payment equal to $5,900,000, less
legally-required withholdings and payable six months after the Separation Date; and 
 (b) You will be eligible for any
benefits available to you under the terms of Gannett’s Income Protection Policy, or any applicable successor plan or policy in effect from time to time (the “Disability Plan”) in accordance with the terms of such Disability
Plan as in effect from time to time; and 

 (c) The parties believe that your condition on the Separation Date entitles you to
disability income or to salary continuation payments from Gannett or from its insurer under the Disability Plan, with continued disability benefits under the Disability Plan or otherwise being subject to the terms of the Disability Plan (and you
agree that you will promptly make any filings or applications reasonably necessary to receive disability benefits under the Disability Plan or otherwise); provided, however, that if your condition at the time of your termination does not entitle you
to disability income or to salary continuation payments (“Disability Plan Benefits”) from Gannett or its insurer under the Disability Plan, then subject to Section 20 of the Employment Agreement and paragraph 9 hereof, Gannett
shall provide you with the disability income or salary continuation payments (“Alternative Benefits”) that would have been provided if you had qualified for them under the Disability Plan as of the termination date (provided that if
and when you later become entitled to Disability Plan Benefits, the Alternative Benefits payable to you shall be inclusive of any such Disability Plan Benefits and shall not be in addition thereto (ie, the Alternative Benefits shall be reduced by
the Disability Plan Benefits)); and provided further that, notwithstanding the foregoing, if you cease to be eligible to receive Disability Plan Benefits solely as a result of your service in non-executive roles on the boards of directors of
Broadcast Music Inc. and/or one other publicly listed company that does not offer goods or services offered by Gannett (such service, “Permitted Board Service”), then Gannett will provide you with the Alternative Benefits for so
long as the only reason for your failure to be eligible to receive such Disability Plan Benefits is your Permitted Board Service (it being understood that Gannett shall not be obligated to provide you the Alternative Benefits if your failure to be
eligible for Disability Plan Benefits results in whole or in part from your employment, consulting or other service or activity (other than the Permitted Board Services) or your reaching an age where Disability Plan Benefits would have ceased); and

 (d) The stock options and stock unit awards granted to you pursuant to Gannett’s 2001 Omnibus Incentive
Compensation Plan and identified on Schedule I, which is attached hereto and made a part hereof (each, an “Award”), to the extent not vested as of the Separation Date, shall become vested in full as of the Separation Date; and each
stock option award identified as a “Post-2005 Award” shall be exercisable for the lesser of the remaining term thereof or four years from the Separation Date; and 

  
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 (e) You will receive additional service credit through November 1, 2012 (and not
beyond that date) for the purposes of calculating your benefit under the Gannett Supplemental Retirement Plan, calculated in accordance with the assumptions that were set forth in Section 8(c) of the Employment Agreement; and 

(f) Subject to the terms of any applicable plans or policies of Gannett, you will be eligible to receive the post-employment
benefits described in Exhibit A of the Employment Agreement (and you hereby agree to (i) Gannett making premium payments on your life insurance policy, and (ii) any adjustments to the face value of such policy as described in Exhibit A),
including health insurance coverage under the Gannett retiree medical policy and executive medical program and life insurance on the terms and conditions set forth in Exhibit A and the applicable plans or policies of Gannett. In its complete
discretion, the Compensation Committee of the Board may consider you for a discretionary annual incentive bonus with respect to your employment during 2011. 
 3. You will receive the benefits described in paragraph 2 above only if you sign this Agreement on or before October 27, 2011. In exchange for and in consideration of the benefits offered to you by Gannett in
paragraph 2 above, you and Gannett agree to the following: 
 4. You agree that this is a full and complete release of claims
(“Release of Claims”). The details of the Release of Claims by you and Gannett are explained below. 

(a) The Release of Claims means that you agree to give up forever any and all legal claims, or causes of actions, you may have, or
think you have, against Gannett, any of its subsidiary, related or affiliated companies, and any of their directors, officers and employees. This Release of Claims includes all legal claims that arose at any time before or at the time you sign this
Agreement; it also includes but is not limited to those legal claims of which you know and are aware, as well as any legal or equitable claims of which you may not know or be aware, including claims for breach of contract, claims arising out of your

  
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Employment Agreement, claims of intentional or negligent infliction of emotional distress, employment discrimination, defamation, breach of implied covenant of good faith and fair dealing, and
any other claim arising from, or related to, your employment by or separation from employment with Gannett. 
 Conversely,
Gannett and its subsidiary, related or affiliated companies, and any of their directors, officers and employees (collectively, the “Gannett Parties”) agree to give up forever any and all legal claims, or causes of action, they may
have or think they may have against you, including all legal claims that arose at any time before or at the time you sign this Agreement, whether known to Gannett or not. This Release of Claims includes any claims arising out of your Employment
Agreement, claims for breach of contract, defamation, breach of implied covenant of good faith and fair dealing, and any other claim arising from, or related to, your employment by Gannett. 

Notwithstanding the foregoing, by executing this Release of Claims, (i) you will not forfeit or release your right to receive
your vested benefits under the Gannett Retirement Plan, the Gannett Co., Inc. 401(k) Savings Plan, the Gannett Supplemental Retirement Plan and the Gannett Co., Inc. Deferred Compensation Plan (but you will forfeit your right to receive any further
severance or annual bonus award not described in Section 2); any rights to indemnification and advancement of expenses under Gannett’s By-laws and/or directors’ and officers’ liability insurance policies; any other rights under
your Employment Agreement which are intended to survive a termination of employment; or any legal claims or causes of action arising out of actions allegedly taken by Gannett after the date of your execution of this Agreement; and (ii) none of
the Gannett Parties will forfeit or release any right to recoup compensation under the clawback provisions of your Employment Agreement or applicable law; any rights under your Employment Agreement which are intended to survive a termination of
employment (including, but not limited to, your restrictive covenant and confidentiality obligations); any claims based on your fraud or conduct which was committed in bad faith or arising from your active and deliberate dishonesty; any

  
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claims for which you have no rights to indemnification and advancement of expenses under Gannett’s By-laws and/or directors’ and officers’ liability insurance policies; or any
legal claims or causes of action arising out of actions allegedly taken by you after the date of your execution of this Agreement. The matters referenced in clauses (i) and (ii) of this paragraph are referred to as the “Excluded
Matters.” 
 (b) Several laws of the United States and of the Commonwealth of Virginia create claims for employees in
various circumstances. These laws include the Age Discrimination in Employment Act of 1967, as amended by the Older Worker Benefit Protection Act, Title VII of the Civil Rights Act of 1964, the Rehabilitation Act of 1973, the Family and Medical
Leave Act, the Employee Retirement Income Security Act of 1974 (as amended), the Americans With Disabilities Act, the Genetic Information Non-discrimination Act, and the Virginia Human Rights Act. Several of these laws also provide for the award of
attorneys’ fees to a successful plaintiff. You agree that this Release of Claims specifically includes any possible claims under any of these laws or similar state and federal laws, including any claims for attorneys’ fees. 

(c) By referring to specific laws, we do not intend to limit the Release of Claims to just those laws. All claims for money
damages, or any other relief that relate to or are in any way connected with your employment with Gannett or its subsidiary, related or affiliated companies, are included within this Release of Claims, even if they are not specifically referred to
in this Agreement. The only legal claims that are not covered by this Release of Claims are the Excluded Matters. 
 (d)
Except for the Excluded Matters, we agree that neither party will say later that some particular legal claim or claims are not covered by this Release of Claims because we or you were unaware of the claim or claims, because such claims were
overlooked, or because you or we made an error. 
 (e) We specifically confirm that, as far as you or Gannett know, no one
has made any legal claim in any federal, state or local court or government agency relating to your employment, or the ending of your employment, with Gannett or its subsidiary, related, or affiliated companies. If, at any time in the

  
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future, such a claim is made by you or Gannett, or someone acting on behalf of you or Gannett, or by some other person or a governmental agency, you and Gannett agree that each will be totally
and completely barred from recovering any money damages or remedy of any kind, except in the case of any legal claims or causes of action arising out of any of the Excluded Matters. This provision is meant to include claims that are solely or in
part on your behalf, or on behalf of Gannett, or claims which you or Gannett have or have not authorized. 
 (f) This
Agreement, and the Release of Claims, will not prevent you from filing any future administrative charges with the United States Equal Employment Opportunity Commission (“EEOC”) or a state fair employment practices
(“FEP”) agency, from participating in or cooperating with the EEOC or a state FEP agency in any investigation or legal action undertaken by the EEOC or the state FEP agency, nor from communicating in accordance with law with any law
enforcement or governmental agencies. However, this Agreement, and the Release of Claims, does mean that you may not collect any monetary damages or receive any other remedies from charges filed with or actions by the EEOC or a state FEP agency.

 5. You and Gannett agree not to disclose or discuss the existence or the details of this Agreement with anyone other than our
respective attorneys, accountants and/or your immediate family members, unless required by law. You hereby acknowledge and agree that Gannett may disclose this Agreement and/or the terms hereof in any investor communication or filing with the
Securities and Exchange Commission (or other communication related thereto). 
 6. You also agree that you will not make any statements,
oral or written, or cause or allow to be published in your name, or under any other name, any statements, interviews, articles, books, web logs, editorials or commentary (oral or written) that is critical or disparaging of Gannett, or any of its
operations, or any officers, employees or directors of Gannett, or of any of its operations. 
 Likewise, Gannett, agrees that it will not
make, and will instruct its current directors and executive officers not to make, any statements, oral or written, or cause to be published in Gannett’s name, any statements, interviews, articles, editorials or commentary (oral or written) that
is critical or disparaging of you. Merely because a statement is made by a Gannett employee does not mean that it is made “in Gannett’s name.” 

  
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 7. You agree to fully cooperate and assist Gannett in the defense of any investigations, claims,
charges, arbitrations, grievances, or lawsuits brought against Gannett or any of its operations, or any officers, employees or directors of Gannett or of any of its operations, as to matters of which you have personal knowledge necessary, in
Gannett’s judgment, for the defense of the action. You agree to provide such assistance reasonably consistent with the requirements of your other obligations and Gannett agrees to pay your reasonable out of pocket expenses incurred in
connection with this assistance, subject to paragraph 9 hereof. Gannett agrees to fully cooperate and assist you in the defense of any third-party claims, charges, arbitrations, grievances or lawsuits brought against you as a co-defendant with
Gannett or any of its operations, officers, employees or directors, except with respect to any such matters arising out of clause (ii) of the Excluded Matters. 
 8. You agree that this Agreement and Sections 8(c) (Retirement Plan Credit), 9 (Restrictive Covenant), 12 (Legal Expenses and Interest), 13 (Trade Secrets and Confidential Information), 14 (Funding), 15 (Notice),
16 (Transferability), 17 (Severability), 21 (Reimbursement of Compensation in Restatement Situations), and Exhibit A of the Employment Agreement, which are hereby incorporated and made a part hereof, contain all of the details of the agreement
between you and Gannett with respect to the subject matter hereof, and except as expressly set forth in this Agreement or incorporated hereto, the other provisions of the Employment Agreement are hereby terminated and you have no further rights or
entitlement to benefits thereunder. Nothing has been promised to you, either in some other written document or orally, by Gannett or any of its officers, employees or directors, that is not included in this Agreement. 

9. Gannett may withhold from any amount or benefit payable under this Agreement or the Employment Agreement any taxes that it is required to
withhold by applicable law or regulation. The parties intend this Agreement to be governed by and subject to the requirements of Section 409A of the Internal Revenue Code (the “Code”), as amended, and the Treasury Department
regulations and other authoritative guidance issued thereunder, and shall be interpreted and administered in accordance with the intent that you not be subject to tax under Section 409A of the Code (to the extent such

  
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rules are applicable to payments or benefits under this Agreement). If any provision of the Agreement would otherwise conflict with or frustrate this intent, that provision will be interpreted
and deemed amended so as to avoid the conflict. Payments to you under the Gannett Supplemental Retirement Plan and the Gannett Co., Inc. Deferred Compensation Plan will be made in accordance with your prior elections and shall not commence until six
months after the Separation Date. Notwithstanding anything to the contrary contained herein, in the event that Gannett or you determines that payments or benefits under this Agreement would otherwise violate Section 409A of the Code, such
payments or benefits shall not commence until six months after the Separation Date to the extent that such delay is necessary to comply with Section 409A. You shall pay Gannett for the Gannett benefits listed under the headings “Home
Office”, “Legal and Financial Services”, and “Company Facilities” in Exhibit A of the Employment Agreement (at fair market value rates) during the six month period after your Separation Date and you shall be reimbursed for
such payments on the first day of the seventh month after the Separation Date. All in-kind benefits and expense reimbursements shall be provided and made in accordance with Treasury Regulation Section 1.409A-3(i)(1)(iv), which generally
requires (i) that the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year;
(ii) the reimbursement of an eligible expense is made on or before the last day of the calendar year following the calendar year in which the expense was incurred; and (iii) the right to reimbursement or in-kind benefits is not subject to
liquidation or exchange for another benefit. 
 10. Please review this Agreement carefully. We advise you to talk with an attorney before
signing this Agreement. So that you may have enough opportunity to think about this offer, you may keep this Agreement for twenty-one (21) days from the date of termination of your employment. You acknowledge and agree that the twenty-one
(21) day consideration period identified in this paragraph commenced to run, without any further action by Gannett immediately upon your being advised of the termination of your employment, at which time you were provided with a copy of this
Agreement. Consequently, if you desire to execute this Agreement, you must do so no later than October 27, 2011, and you may do so earlier, solely at your option. Should 

  
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you accept all the terms by signing this Agreement on or before October 27, 2011, you may nevertheless revoke this Agreement within seven (7) days after signing it by notifying Todd A.
Mayman in writing of your revocation. We will provide a courtesy copy to your attorney, if you retain one to represent you. 
 If you wish
to accept this Agreement, please confirm your acceptance of the terms of the Agreement by signing the original of this Agreement in the space provided below. The Agreement will become effective, and its terms will be carried out beginning on the day
following the expiration of the seven (7) day revocation period. 
 11. By signing this Agreement you agree that you have carefully
read this Agreement and understand its terms. You also agree that you have had a reasonable opportunity to think about your decision, to talk with an attorney or advisor of your choice (and that you have been advised to consult with counsel of your
choosing), that you have voluntarily signed this Agreement, and that you fully understand the legal effect of signing this Agreement. 

12. This Agreement shall be governed by and construed under and in accordance with the laws of the Commonwealth of Virginia without regard to
principles of conflicts of laws. 
 [Remainder of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth above.

  

					
			
	Date: October 6, 2011	 		 	 /s/ Craig A. Dubow

		 		 	Craig A. Dubow
		 		 	

  

					
		 		 	GANNETT CO., INC.
			
	Date: October 6, 2011	 		 	 /s/ Todd Mayman

		 		 	By: Todd Mayman
		 		 	 Its: Senior Vice President, General

      Counsel and Secretary

 Schedule I 
 Awards 
 Stock Options 

 

																	
	 Option
	  	Exercise Price	 	  	Grant Date	 	  	Expiration Date	 	  	Post-2005 Award	 
	70,000	  	$	69.35	  	  	 	December 4, 2001	  	  	 	December 2, 2011	  	  			
	80,000	  	$	70.21	  	  	 	December 3, 2002	  	  	 	December 3, 2012	  	  			
	77,000	  	$	87.33	  	  	 	December 12, 2003	  	  	 	December 12, 2013	  	  			
	69,000	  	$	80.90	  	  	 	December 10, 2004	  	  	 	December 10, 2012	  	  			
	225,000	  	$	71.94	  	  	 	July 15, 2005	  	  	 	December 10, 2012	  	  	 	X	  
	200,000	  	$	60.29	  	  	 	December 9, 2005	  	  	 	December 9, 2013	  	  	 	X	  
	300,000	  	$	61.26	  	  	 	February 28, 2007	  	  	 	February 27, 2015	  	  	 	X	  
	225,000	  	$	31.75	  	  	 	February 27, 2008	  	  	 	February 26, 2016	  	  	 	X	  
	500,000	  	$	3.75	  	  	 	February 25, 2009	  	  	 	February 24, 2017	  	  	 	X	  
	480,000	  	$	15.00	  	  	 	February 24, 2010	  	  	 	February 23, 2018	  	  	 	X	  
	235,000	  	$	16.23	  	  	 	February 23, 2011	  	  	 	February 22, 2019	  	  	 	X	  

 Restricted Stock Units 
  

							
	 Units
	  	 Grant Date
	  	Expiration Date	 
	 35,000
	  	December 7, 2007	  	 	December 7, 2011	  
	 100,000
	  	December 12, 2008	  	 	December 12, 2012	  
	 100,000
	  	December 11, 2009	  	 	December 11, 2013	  
	 110,000
	  	December 10, 2014	  	 	December 10, 2014

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}]]