Document:

Exhibit 4.2

 EXHIBIT 4.2 
  

91⁄4% SENIOR NOTES DUE 2012 
  

			
	 	 	CUSIP                     
		
	 No. R-1
	 	$             

 CBD MEDIA HOLDINGS LLC 
  
 CBD HOLDINGS FINANCE, INC. 
  
 promise to pay to CEDE & CO., INC. or its registered assigns, the principal sum of
                     DOLLARS ($
                    ) on July 15, 2012. 
  
 Interest Payment Dates: January 15 and July 15, commencing January 15, 2005. 
  
 Record Dates: January 1 and July 1. 
  
  

 IN WITNESS WHEREOF, each of the Issuers has caused this Note to be signed by its duly authorized officer.

  

							
	Dated:                     , 2005	 	 	 	 
	 	 	 	 	CBD MEDIA HOLDINGS LLC
				
	 	 	 	 	By:	 	  

	 	 	 	 	Name:	 	Douglas A. Myers
	 	 	 	 	Title:	 	President and Chief Executive Officer
			
	 	 	 	 	CBD HOLDINGS FINANCE, INC.
				
	 	 	 	 	By:	 	  

	 	 	 	 	Name:	 	Douglas A. Myers
	 	 	 	 	Title:	 	President
			
	CERTIFICATE OF AUTHENTICATION	 	 	 	 
			
	This is one of the Global	 	 	 	 
	Notes referred to in the	 	 	 	 
	within-mentioned Indenture:	 	 	 	 
			
	HSBC BANK USA, NATIONAL ASSOCIATION	 	 	 	 
	as Trustee	 	 	 	 
				
	By:	 	  

	 	 	 	 
	 	 	Authorized Officer	 	 	 	 

  

 9 1/4% SENIOR NOTES DUE 2012 
  
 THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT
THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS GLOBAL NOTE MAY
BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE ISSUERS. 
  
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE
MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR
A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE ISSUERS OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS MAY BE
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  
 Capitalized terms used herein shall have the meanings assigned to them in the
Indenture referred to below unless otherwise indicated. 
  
 1.
Interest. CBD Media Holdings LLC, a Delaware limited liability company (“Holdings”), and CBD Holdings Finance, Inc., a Delaware corporation (“Finance” and collectively with Holdings, the
“Issuers”), as joint and several obligors, promise to pay interest (as defined in the Indenture) on the principal amount of this Note at 9 1/4% per annum until maturity. The Issuers shall pay interest semi-annually in arrears in cash on January 15 and July 15 each year, or if any such day is not a Business Day, on the next succeeding
Business Day (each an “Interest Payment Date”). Interest shall accrue from the most recent date to which interest has been paid on the Notes (or one or more Predecessor Notes) or, if no interest has been paid, from the initial date
of issuance; provided, however, that if there is no existing Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof and the next succeeding Interest Payment Date, interest
shall accrue from such next succeeding Interest Payment Date; provided, further, that the first Interest Payment Date shall be January 15, 2005. The Issuers shall (to the extent that they may lawfully do so) pay interest (including
post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time at a rate that is 1% per annum in excess of the interest rate then in effect under the Indenture and this Note; they shall
pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods), from time to time at the same rate to the extent lawful. Interest shall
be computed on the basis of a 360-day year of twelve 30-day months. 
  
 2. Method of Payment. The Issuers shall pay interest on the Notes (except defaulted interest) to the Persons in whose name this Note (or one or more Predecessor Notes) is registered at the close of
business on January 1 or July 1 preceding the Interest Payment Date, even if such Notes are cancelled after such record date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted
interest. The Notes shall be payable as to principal, premium, if any, and interest at the office or agency of the Issuers maintained for such purpose, or, at the option of the Issuers, payment of interest may be made by check mailed to the Holders
at their addresses set forth in the Security Register; provided, however, that payment by wire transfer of immediately available funds shall be required with respect to principal of and interest and premium, if any, on, all Global
Notes and all other Notes the Holders of which shall have provided wire transfer instructions to the Issuers or the Paying Agent. Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts. 
  

 3 

 3. Paying Agent and Registrar. Initially, HSBC Bank USA, National Association, the Trustee
under the Indenture, shall act as Paying Agent and Registrar. The Issuers may change any Paying Agent or Registrar without notice to any Holder. The Issuers may act in any such capacity. 
  
 4. Indenture. The Issuers issued the Notes under an Indenture, dated as of October 26, 2004 (the
“Indenture”), among the Issuers and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code
§§ 77aaa-77bbbb). The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the
Indenture, the provisions of the Indenture shall govern and be controlling. 
  
 5. Optional Redemption. 
  
 (a) At any time prior to July 15, 2007, the Issuers may on one or more occasions redeem up to 35% of the aggregate principal amount of Notes (including Additional Notes) issued under the Indenture at a redemption price of 109.25% of the
principal amount thereof, plus accrued and unpaid interest and Additional Interest, if any, to the redemption date, with the net cash proceeds of any Equity Offering; provided, however, that (1) at least 65% of the aggregate principal amount
of Notes (which includes Additional Notes, if any) issued under the Indenture remains outstanding immediately after the occurrence of such redemption (excluding Notes held by the Issuers and their Subsidiaries); and (2) the redemption occurs within
90 days of the date of the closing of such Equity Offering. 
  
 (b) In addition, prior to July 15, 2007, the Issuers may redeem all of the notes upon the occurrence of a Change of Control upon not less than 30 nor more than 60 days prior notice at a redemption price of 109.25% of the principal amount
thereof, plus accrued and unpaid interest and Additional Interest, if any, to the redemption date, subject to the right of holders on the relevant record date to receive interest on the relevant interest payment date; provided,
however, that such redemption occurs within 90 days of such Change of Control. 
  
 (c) On or after July 15, 2008, the Issuers may redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set
forth below plus accrued and unpaid interest and Additional Interest, if any, on the Notes redeemed, to the applicable redemption date, if redeemed during the twelve-month period beginning on July 15 of each of the years indicated below subject to
the right of Holders on the relevant Regular Record Date to receive interest on the relevant Interest Payment Date. 
  

				
	 Year

	  	Percentage

	 
	 2008
	  	104.625	%
	 2009
	  	102.313	%
	 2010 and thereafter
	  	100.000	%

  
 Any prepayment pursuant to this
paragraph shall be made pursuant to the provisions of Sections 3.01 through 3.06 of the Indenture. 
  
 6. Mandatory Redemption. The Issuers shall not be required to make mandatory redemption or sinking fund payments with respect to, or, except
as set forth in Sections 4.12 and 4.18 of the Indenture, offers to purchase, the Notes. 
  

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 7. Repurchase at Option of Holder. 
  
 (a) Upon the occurrence of a Change of Control, the Issuers shall, within 30
days of a Change of Control, make an offer pursuant to the procedures set forth in Section 3.09 of the Indenture, to repurchase the Notes on the date specified in such notice, which date shall be no earlier than 30 days and no later than 60 days
from the date such notice is mailed. Each Holder shall have the right to accept such offer and require the Issuers to repurchase all or any part (equal to $1,000 or an integral multiple of $1,000) of such Holder’s Notes pursuant to the Change
of Control Offer at a purchase price, in cash, equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest on the Notes repurchased to the Purchase Date. 
  
 (b) If the Issuers or any Restricted Subsidiary consummates any Asset Sale,
the Issuers shall not be required to apply any Net Proceeds to repurchase Notes in accordance with the Indenture until the aggregate Excess Proceeds from all Asset Sales following the date the Notes are first issued exceeds $10.0 million.
Thereafter, the Issuers shall make an Asset Sale Offer to all Holders of Notes and all holders of other Indebtedness that is pari passu with the Notes containing provisions similar to those set forth in the Indenture with respect to
offers to purchase or redeem with the proceeds of sales of assets to purchase the maximum principal amount of Notes and, such other pari passu indebtedness that may be purchased out of the Excess Proceeds. The offer price shall be
equal to 100% of the principal amount of the Notes plus accrued and unpaid interest to the date of purchase, and shall be payable in cash, in accordance with the terms of the Indenture. If any Excess Proceeds remain after consummation of the
purchase of all properly tendered and not withdrawn Notes pursuant to the Asset Sale Offer, the Issuers may use such remaining Excess Proceeds for any purpose not otherwise prohibited by the Indenture. If the aggregate principal amount of Notes and
other pari passu Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Trustee shall select the Notes and such other pari passu Indebtedness to be purchased on a pro rata basis. Upon
completion of each Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero. 
  
 8. Notice of Redemption. Notices of redemption shall be mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at its registered
address, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a Defeasance of the Notes pursuant to Article 8 of the Indenture or a Satisfaction and Discharge of the
Indenture pursuant to Article 10 of the Indenture. Notes in denominations larger than $1,000 may be redeemed in part but only in integral multiples of $1,000, unless all of the Notes held by a Holder are to be redeemed. On and after the redemption
date interest shall cease to accrue on Notes or portions thereof called for redemption. 
  
 9. Denominations, Transfer, Exchange. The Notes are in registered form without coupons in denominations of $1,000 and integral multiples of $1,000. This Note shall represent the aggregate principal
amount of outstanding Notes from time to time endorsed hereon and the aggregate principal amount of Notes represented hereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. The transfer of Notes
may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Issuers may require a Holder to pay
any taxes and fees required by law or permitted by the Indenture. The Issuers need not exchange or register the transfer of any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part.
Also, the Issuers need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be redeemed or during the period between a record date and the corresponding Interest Payment Date. 
  
 10. Persons Deemed Owners. The registered Holder of a Note may
be treated as its owner for all purposes. 
  
 11. Amendment,
Supplement and Waiver. Subject to certain exceptions, the Issuers and the Trustee may amend or supplement the Indenture and the Notes with the consent of the Holders of at least a majority in aggregate principal amount of the Notes,
including Additional Notes, if any then outstanding, voting as a single class (including without limitation consents obtained in connection with a purchase of or tender offer or Exchange Offer for the Notes), and, subject to Sections 6.04 and 6.07
of the Indenture, any existing Default or Event of Default (except a continuing Default or Event of Default (i) in the payment of principal, premium, if any, interest or Additional Interest, if any, on the Notes and (ii) in respect of a covenant or
provision which under the Indenture 
  

 5 

 cannot be modified or amended without the consent of the Holder of each Note affected by such modification or amendment)
or compliance with any provision of the Indenture or the Notes may be waived with the consent of the Holders of at least a majority in aggregate principal amount of the Notes, including Additional Notes, if any, then outstanding voting as a single
class (including consents obtained in connection with a purchase of or tender offer or Exchange Offer for the Notes). Without the consent of any Holder, the Issuers and the Trustee may amend or supplement the Indenture or the Notes to (a) cure any
ambiguity, defect or inconsistency or to correct a manifest error; (b) provide for uncertificated Notes in addition to or in place of certificated Notes; (c) provide for the assumption of the Obligations of the Issuers to Holders in the case of a
merger or consolidation or sale of all or substantially all of the assets of the Issuers; (d) make any change that would provide any additional rights or benefits to the Holders or that does not adversely affect the legal rights under the Indenture
of any such Holder; (e) comply with requirements of the Commission in order to effect or maintain the qualification of the Indenture under the TIA; (f) to comply with the rules of any applicable securities depositary; (g) to add guarantees with
respect to Notes or to secure the Notes; (h) to add to the covenants of the Issuers for the benefit of the Holders or surrender any right or power conferred upon the Issuers; (i) to evidence and provide for the acceptance and appointment under the
Indenture of a successor Trustee pursuant to the requirements thereof; or (j) to conform the text of the Indenture or the Note to any provision of the Description of Notes contained in the Offering Memorandum, dated October 21, 2004, relating to the
issuance of the Notes, to the extent that such provision in the Description of Notes was intended to be a verbatim recitation of a provision of the Indenture or the Notes. 
  
 12. Defaults and Remedies. Each of the following is an Event of Default: (i) default for 30 days in the
payment when due of interest or Additional Interest, if any, on the Notes; (ii) default in payment when due of the principal of or premium, if any, on the Notes; (iii) failure by the Issuers or any Restricted Subsidiary to comply with the provisions
of Sections 4.12, 4.18 or 5.01 of the Indenture (iv) failure by the Issuers or any Restricted Subsidiary for 30 days after notice to comply with the provisions of Section 4.09 or 4.10 of the Indenture; (v) failure by the Issuers or any Restricted
Subsidiary for 60 days after notice to comply with any other provision in the Indenture or the Notes; (vi) a default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any
Indebtedness for money borrowed by the Issuers or any Restricted Subsidiary (or the payment of which is guaranteed by the Issuers or any Restricted Subsidiary) whether such Indebtedness or guarantee now exists, or is created after the date of the
Indenture, if that default: (A) is caused by a failure to pay principal of, or interest or premium, if any, on such Indebtedness prior to the expiration of the grace period provided in such Indebtedness on the date of such default (a
“Payment Default”); or (B) results in the acceleration of such Indebtedness prior to its express maturity, and, in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such
Indebtedness under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $10.0 million or more; (vii) failure by the Issuers or any of their Subsidiaries to pay final judgments aggregating in excess of
$10.0 million, which judgments are not paid, discharged or stayed for a period of 60 days; and (ix) certain events of bankruptcy, insolvency or reorganization affecting the Issuers or any Restricted Subsidiary that would constitute a Significant
Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary, as described in the Indenture. 
  
 If any Event of Default (other than the Events of Default arising from certain events of bankruptcy or insolvency) occurs and is continuing, the Trustee
or the Holders of at least 25% in aggregate principal amount of the then outstanding Notes may declare the principal of all the Notes to be due and payable by notice in writing to the Issuers and the Trustee specifying the respective Event of
Default and that such notice is a notice of acceleration. Notwithstanding the foregoing, in the case of an Event of Default arising from certain events of bankruptcy or insolvency described in the Indenture, all outstanding Notes shall become due
and payable immediately without further action or notice. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. Subject to certain limitations, the Holders of a majority in aggregate principal amount of the then
outstanding Notes may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders notice of any continuing Default or Event of Default (except a Default or Event of Default relating to the payment of principal or
interest) if it determines that withholding notice is in the interests of the Holders. The Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee may on behalf of the Holders of all of the Notes
waive any existing Default or Event of Default and its consequences under the Indenture except a continuing Default or Event of Default (i) in the payment of the principal of, or interest on, the Notes and (ii) in respect of a covenant or provision
which under the Indenture cannot be modified or amended without the consent of the Holder of each Note affected by such modification or amendment. The Issuers are required to deliver to the 
  

 6 

 Trustee annually a statement regarding compliance with the Indenture, and the Issuers are required upon becoming aware of
any Default or Event of Default, to deliver to the Trustee a statement specifying such Default or Event of Default. 
  
 13. Trustee Dealings with Issuers.. Subject to certain limitations, the Trustee in its individual or any other capacity may become
the owner or pledgee of Notes and may otherwise deal with the Issuers or any Affiliate of the Issuers with the same rights it would have if it were not Trustee. 
  

14. No Recourse Against Others. No past, present or future director, officer, employee, incorporator or stockholder of the Issuers, as
such, shall have any liability for any Obligations of the Issuers under the Indenture, the Notes, or for any claim based on, in respect of, or by reason of, such Obligations or their creation. Each Holder by accepting a Note waives and releases all
such liability. 
  
 15. Authentication. This Note
shall not be valid until authenticated by the manual signature of the Trustee or an authenticating agent. 
  
 16. Abbreviations. Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN
ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 
  
 17. CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Issuers have caused CUSIP numbers to be printed on the Notes and has directed the Trustee to use CUSIP numbers in notices of redemption or notices of Offers to Purchase as a convenience to Holders. No representation is
made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of redemption or notice of an Offer to Purchase and reliance may be placed only on the other identification numbers printed thereon and any such
redemption or Offer to Purchase shall not be affected by any defect in or omission of such numbers. 
  
 The Issuers shall furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to: CBD Media Holdings LLC,
312 Plum Street, #900, Cincinnati, OH 45202, Attention: Corporate Secretary. 
  
 18. Governing Law. The internal law of the State of New York shall govern and be used to construe this Note without giving effect to applicable principles of conflicts of law to the extent that the
application of the laws of another jurisdiction would be required thereby. 
  

 7 

 Option of Holder to Elect Purchase 
  
 If you want to elect to have this Note purchased by the Issuers pursuant to Section 4.12 or 4.18 of the Indenture, check the box below:

  

	 ̈	Section 4.12 

  

	 ̈	Section 4.18 

  
 If you want to elect to have only part of this Note purchased by the Issuers pursuant to Section 4.12 or Section 4.18 of the Indenture, state the amount you elect to have purchased:
$                     
  

					
	Date:
                                    	 	 
	 	 	Your          Signature:______________________________________
	 	 	(Sign exactly as your name appears on the face of this Note)
		
	 	 	Tax Identification No.:
		
	 	 	

			
	 	 	  
 SIGNATURE
	 	  
 GUARANTEE:

	 	 	  

		
	 	 	Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in
the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities
Exchange Act of 1934, as amended.

  

 8 

 Assignment Form 
  
 To assign this Note, fill in the form below: 
  
 (I) or (the Issuers) assign and transfer this Note to 
  

 (Insert assignee’s social security or other tax I.D. no.) 
  
  

  

  

  

 (Print or
type assignee’s name, address and zip code) 
  
 and irrevocably appoint
                                        
                                        
                                        
                 as agent to transfer this Note on the books of the Issuers. The agent may substitute another to act for him. 
  
  

  

			
	Date:                     	 	 
	 	 	Your Signature:__________________________________
	 	 	(Sign exactly as your name appears on the face of this Note)
		
	 	 	Signature Guarantee:_______________________________
		
	 	 	Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the
Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange
Act of 1934, as amended.

  

 9 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 
  
 The following exchanges of a part of this Global Note for an interest in
another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange

	 	 Amount of
 decrease in
 Principal Amount
 of this Global Note

	 	 Amount of increase
 in Principal Amount
 of this Global Note

	  	 Principal Amount
 of this Global Note
following such
 decrease (or increase)

	  	 Signature of
 authorized signatory
 of Trustee or
 Note CustodianExhibit 4.3

 Exhibit 4.3 
 Execution Copy 
  
 Exchange and Registration Rights Agreement 
  
 Dated as of October 26, 2004 
  
 among 
  
 CBD Media Holdings LLC, 
  
 CBD Holdings Finance, Inc., and 
  
 Lehman Brothers Inc., on behalf of the Initial Purchasers 
  

 EXCHANGE AND REGISTRATION RIGHTS AGREEMENT 
  
 This Exchange and Registration Rights Agreement (this
“Agreement”) is made and entered into as of October 26, 2004 by and among CBD Media Holdings LLC, a Delaware limited liability company (“Holdings”), CBD Holdings Finance, Inc., a Delaware corporation
(“Finance” and, together with Holdings, the “Issuers”), and Lehman Brothers Inc. on behalf of Banc of America Securities LLC and Goldman, Sachs & Co. (collectively, the “Initial Purchasers”).

  
 This Agreement is made pursuant to the Purchase Agreement,
dated as of October 21, 2004 (the “Purchase Agreement”), by and among the Issuers and the Initial Purchasers, which provides for the sale by the Issuers to the Initial Purchasers of $100,000,000 aggregate principal amount of the
Issuers’ 9 1/4% Senior Notes due 2012 (the “Notes”). In order to induce the Initial Purchasers to purchase the Notes, the Issuers have agreed to provide the registration rights set forth in this Agreement. The execution and
delivery of this Agreement by the Issuers is a condition to the obligations of the Initial Purchasers set forth in Section 7 of the Purchase Agreement. 
  
 The parties hereby agree as follows: 
  
 SECTION 1. DEFINITIONS 
  
 As used in this Agreement, the following capitalized terms shall have the following meanings: 
  
 Additional Interest: As defined in Section 5(a)
hereof. 
  
 Affiliate: As defined in Rule
144 of the Securities Act. 
  
 Advice: As
defined in Section 6(e) hereof. 
  
 Agreement: As defined in the preamble hereto. 
  
 Blackout Period: As defined in Section 5(a) hereof. 
  
 Broker-Dealer: Any broker or dealer registered under the Exchange Act. 
  
 Closing Date: The date of this Agreement. 

 
 Commission: The U.S. Securities and Exchange
Commission. 
  
 Consummate: A Registered
Exchange Offer shall be deemed “Consummated” for purposes of this Agreement upon the occurrence of (i) the filing and effectiveness under the Securities Act of the Exchange Offer Registration Statement relating to the Exchange Notes to be
issued in the Exchange Offer, (ii) the maintenance of such Exchange Offer Registration Statement continuously effective and the keeping of the Exchange Offer open for a period not less than the minimum period required pursuant 

  

 2 

 
to Section 3(b) hereof, and (iii) the delivery by the Issuers to the Registrar under the Indenture of Exchange Notes in the same aggregate principal amount
as the aggregate principal amount of Notes that were tendered by Holders thereof pursuant to the Exchange Offer. 
  
 Effectiveness Target Date: As defined in Section 5(a) hereof. 
  
 Exchange Act: The U.S. Securities Exchange Act of 1934, as amended. 
  
 Exchange Notes: The Issuers’ 9 1/4% Senior Notes
due 2012 to be issued pursuant to the Indenture in the Exchange Offer. 
  
 Exchange Offer: The registration by the Issuers under the Securities Act of the Exchange Notes pursuant to a Registration Statement pursuant to which the Issuers offer the Holders of all outstanding Transfer
Restricted Securities the opportunity to exchange all such outstanding Transfer Restricted Securities held by such Holders for Exchange Notes in an aggregate principal amount equal to the aggregate principal amount of the Transfer Restricted
Securities validly tendered in such Exchange Offer by such Holders. 
  
 Exchange Offer Registration Statement: The Registration Statement relating to the Exchange Offer, including the related Prospectus. 
  
 Holder: As defined in Section 2(b) hereof. 
  
 Indenture: The Indenture, dated as of the date
hereof, among the Issuers and HSBC Bank USA, National Association, as trustee (the “Trustee”), pursuant to which the Notes and the Exchange Notes are to be issued, as such Indenture may be amended or supplemented from time to time
in accordance with the terms thereof. 
  
 Initial Purchasers: As defined in the preamble hereto. 
  
 Interest Payment Date: As defined in the Indenture and the Notes. 
  
 Issuers: As defined in the preamble hereto. 
  
 NASD: National Association of Securities Dealers, Inc. 
  
 Notes: As defined in the preamble hereto. 

 
 Person: An individual, partnership, corporation,
limited liability issuers, unincorporated organization, association, joint-stock issuers, trust, joint venture, government or any agency or political subdivision thereof or any other entity. 
  
 Prospectus: The prospectus included in a Registration
Statement as amended or supplemented by any prospectus supplement and by all other amendments 

  

 3 

 
thereto, including post-effective amendments, and all material incorporated by reference into such Prospectus. 
  
 Purchase Agreement: As defined in the preamble
hereto. 
  
 Record Holder: With respect to
any Interest Payment Date relating to the Notes, each Person who is a Holder of Notes on the record date with respect to the Interest Payment Date on which such payment shall occur. 
  
 Registration Default: As defined in Section 5(a) hereof. 
  
 Registration Statement: Any Registration Statement of
the Issuers relating to (a) an offering of Exchange Notes pursuant to an Exchange Offer or (b) the registration for resale of Transfer Restricted Securities pursuant to the Shelf Registration Statement, which is filed pursuant to the provisions of
this Agreement, in each case including the Prospectus included therein, all amendments and supplements thereto (including post-effective amendments) and all exhibits and material incorporated by reference therein. 
  
 Securities Act: The U.S. Securities Act of 1933, as
amended. 
  
 Shelf Registration Period: As
defined in Section 4(a) hereof. 
  
 Shelf
Registration Statement: As defined in Section 4(a) hereof. 
  
 TIA: The U.S. Trust Indenture Act of 1939 (15 U.S.C. Section 77aaa-77bbbb) as in effect on the date of the Indenture. 
  
 Transfer Restricted Securities: Each Note, as applicable, until (a) the date on which such Note has been exchanged by a Person
other than a Broker-Dealer for an Exchange Note in the Exchange Offer so long as such Person is not prohibited from reselling such Exchange Notes to the public without delivering a Prospectus and the Prospectus contained in the Exchange Offer
Registration Statement is not sufficient for such purpose; (b) following the exchange by a Broker-Dealer in the Exchange Offer of a Note for an Exchange Note, the date on which such Exchange Note is sold to a purchaser who receives from such
Broker-Dealer on or prior to the date of such sale a copy of the Prospectus contained in the Exchange Offer Registration Statement; (c) the date on which such Note has been effectively registered under the Securities Act and disposed of in
accordance with the Shelf Registration Statement; or (d) the date on which such Note is sold by the Holder pursuant to Rule 144 under the Securities Act or is saleable pursuant to Rule 144(k) under the Securities Act. 
  
 Underwritten Registration or Underwritten Offering: A
registration in which securities of the Issuers are sold to an underwriter for reoffering to the public. 
  

 4 

 SECTION 2. SECURITIES SUBJECT TO THIS AGREEMENT 
  
 (a) Transfer Restricted Securities. The securities
entitled to the benefits of this Agreement are the Transfer Restricted Securities. 
  
 (b) Holders of Transfer Restricted Securities. A Person is deemed to be a holder of Transfer Restricted Securities (each, a
“Holder”) whenever such Person owns Transfer Restricted Securities. 
  
 SECTION 3. REGISTERED EXCHANGE OFFER 
  
 (a) Unless the Exchange Offer shall not be permissible under applicable law or Commission policy (after the procedures set forth in Section 6(a) below have been complied with) or one of the events set forth in Section
4(a)(ii) has occurred, the Issuers shall (i) file an Exchange Offer Registration Statement with the Commission on or prior to 90 days after the Closing Date, (ii) use their reasonable best efforts to cause such Exchange Offer Registration Statement
to be declared effective by the Commission on or prior to 180 days after the Closing Date, (iii) in connection with the foregoing, (A) file all pre-effective amendments to such Exchange Offer Registration Statement as may be necessary in order to
cause such Exchange Offer Registration Statement to become effective, (B) file, if applicable, a post-effective amendment to such Exchange Offer Registration Statement pursuant to Rule 430A under the Securities Act and (C) cause all necessary
filings, if any, in connection with the registration and qualification of the Exchange Notes to be made under the blue sky laws of such jurisdictions as are necessary to permit Consummation of the Exchange Offer and (iv) upon the effectiveness of
such Exchange Offer Registration Statement, commence the Exchange Offer. The Exchange Offer shall be on the appropriate form permitting registration of the Exchange Notes to be offered in exchange for the Transfer Restricted Securities and to permit
resales of Exchange Notes held by Broker-Dealers as contemplated by Section 3(c) below. 
  
 (b) The Issuers shall use their reasonable best efforts to cause the Exchange Offer Registration Statement to be effective continuously
and shall keep the Exchange Offer open for a period of not less than the minimum period required under applicable U.S. federal and state securities laws to Consummate the Exchange Offer; provided, however, that in no event shall such
period be less than 20 business days. The Issuers shall cause the Exchange Offer to comply, in all material respects, with all applicable U.S. federal and state securities laws. No securities other than the Exchange Notes shall be included in the
Exchange Offer Registration Statement. The Issuers shall use their reasonable best efforts to issue on or prior to the date 30 business days after the Exchange Offer Registration Statement was declared effective by the Commission, or longer, if
required by the federal securities laws, Exchange Notes in exchange for all Notes tendered prior thereto in the Exchange Offer. 
  
 (c) The Issuers shall indicate in a “Plan of Distribution” section of the Prospectus contained in the Exchange Offer
Registration Statement that any Broker-Dealer who holds Notes that are Transfer Restricted Securities and that were acquired for 

  

 5 

 
the account of such Broker-Dealer as a result of market-making activities or other trading activities (other than Transfer Restricted Securities acquired
directly from the Issuers or any Affiliate of the Issuers), may exchange such Notes pursuant to the Exchange Offer; however, such Broker-Dealer may be deemed to be an “underwriter” within the meaning of the Securities Act and must,
therefore, deliver a prospectus meeting the requirements of the Securities Act in connection with any resales of the Exchange Notes received by such Broker-Dealer in the Exchange Offer, which prospectus delivery requirement may be satisfied by the
delivery by such Broker-Dealer of the Prospectus contained in the Exchange Offer Registration Statement. Such “Plan of Distribution” section shall also contain all other information with respect to such resales by Broker-Dealers that the
Commission may require in order to permit such resales pursuant thereto, but such “Plan of Distribution” shall not name any such Broker-Dealer or disclose the amount of Notes that are Transfer Restricted Securities held by any such
Broker-Dealer, except to the extent required by the Commission. 
  
 The Issuers shall use their reasonable best efforts to keep the Exchange Offer Registration Statement continuously effective, supplemented and amended as required by the provisions of Section 6(c) below to the extent
necessary to ensure that it is available for resales of Exchange Notes acquired by Broker-Dealers for their own accounts as a result of market-making activities or other trading activities, and to ensure that it conforms with the requirements of
this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from time to time, for a period of at least 90 days after the Consummation of the Exchange Offer. 
  
 The Issuers shall provide sufficient copies of the latest
version of such Prospectus to such Broker-Dealers promptly upon request at any time during such 90-day period in order to facilitate such resales. 
  
 SECTION 4. SHELF REGISTRATION 
  
 (a) Shelf Registration. If (i) the Issuers are not required to file an Exchange Offer Registration Statement or cannot Consummate
the Exchange Offer because the Exchange Offer is not permitted by applicable U.S. law or Commission policy (after the procedures set forth in Section 6(a) below have been complied with) or (ii) any Holder of Transfer Restricted Securities that is
either (A) a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act), (B) a non-U.S. person (within the meaning of Regulation S under the Securities Act) or (C) an “accredited investor” (as defined in
Rule 501(a) of the Securities Act) shall notify the Issuers prior to the 20th day following the Consummation of the Exchange Offer that such Holder (A) is prohibited by applicable U.S. law or Commission policy from participating in the Exchange
Offer, (B) may not resell the Exchange Notes acquired by it in the Exchange Offer to the public without delivering a prospectus and that the Prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such
resales by such Holder or (C) is a Broker-Dealer and holds Notes acquired directly from the Issuers or one of the Issuers’ affiliates, then the Issuers shall: 
  
 (x) file with the Commission a Registration Statement pursuant to Rule 415 under the Securities Act, which
may be an amendment to the Exchange Offer Registration Statement if permitted by the rules and regulations of the Commission (in either event, the “Shelf Registration Statement”) on or prior to the earlier of (1) 90 days after such
filing obligation arises and (2) the date the Exchange Offer Registration Rights Statement was obligated to be filed; and 
  

 6 

 (y) use their reasonable best efforts to cause such Shelf Registration Statement to be
declared effective by the Commission on or prior to the earlier of (1) 180 days after such obligation arises and (2) the date the Exchange Offer Registration Statement was obligated to be filed. 
  
 Subject to Section 5(b), the Issuers shall use their reasonable best efforts to keep such
Shelf Registration Statement continuously effective, supplemented and amended as required by the provisions of Sections 6(b) and (c) hereof to the extent necessary to ensure that it is available for resales of Notes or Exchange Notes by the Holders
of Transfer Restricted Securities entitled to the benefit of this Section 4(a), and to ensure that it conforms with the requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from
time to time, for a period ending on the earlier of (i) two years following the Closing Date or (ii) such shorter period that will terminate when all Notes or Exchange Notes covered by the Shelf Registration Statement have been sold pursuant to the
Shelf Registration Statement (such period being the “Shelf Registration Period”). 
  
 (b) Provision by Holders of Certain Information in Connection with the Shelf Registration Statement. No Holder of Transfer
Restricted Securities may include any of its Transfer Restricted Securities in any Shelf Registration Statement pursuant to this Agreement unless and until such Holder furnishes to the Issuers in writing, within 20 days after receipt of a request
therefor, such information as the Issuers may reasonably request for use in connection with any Shelf Registration Statement or Prospectus or preliminary Prospectus included therein. No Holder of Transfer Restricted Securities shall be entitled to
Additional Interest pursuant to Section 5 hereof unless and until such Holder shall have provided all such reasonably requested information. Each Holder as to which any Shelf Registration Statement is being effected agrees to furnish promptly to the
Issuers all additional information required to be disclosed in order to make the information previously furnished to the Issuers by such Holder not materially misleading. 
  
 SECTION 5. ADDITIONAL INTEREST 
  
 (a) If (i) any of the Registration Statements required by this Agreement are not filed with the Commission on or prior to the date
specified for such filing in Sections 3(a) and 4(a), as applicable, (ii) any of such required Registration Statements have not been declared effective by the Commission on or prior to the date specified for such effectiveness in Sections 3(a) and
4(a), as applicable, (each, an “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 

  

 7 

 
30 business days, or longer, if required by federal securities laws, after the Effectiveness Target Date with respect to the Exchange Offer Registration
Statement or (iv) any Registration Statement required by this Agreement is declared effective but shall thereafter cease to be effective or usable in connection with resales of Transfer Restricted Securities without being succeeded within two (2)
business days by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (except as permitted in paragraph (b); such period of time during which any such Registration
Statement is not effective or any such Registration Statement or the related Prospectus is not usable being referred to as a “Blackout Period”) (each such event referred to in clauses (i) through (iv), a “Registration
Default”), the Issuers agree to pay additional interest (“Additional Interest”) to each Holder of Transfer Restricted Securities adversely affected by such Registration Default, in an amount equal to $.05 per week per
$1,000 principal amount of Transfer Restricted Securities held by such Holder with respect to the first 90-day period immediately following the occurrence of such Registration Default. The amount of Additional Interest shall increase by an
additional $.05 per week per $1,000 principal amount of Transfer Restricted Securities with respect to each subsequent 90-day period (or portion thereof) until all Registration Defaults have been cured, up to a maximum amount of Additional Interest
of $.50 per week per $1,000 principal amount of Transfer Restricted Securities; provided that the Issuers shall in no event be required to pay Additional Interest for more than one Registration Default at any given time. All accrued
Additional Interest shall be paid to Record Holders by the Issuers in the same manner as interest is paid under the Notes. Following the cure of all Registration Defaults relating to any particular Transfer Restricted Securities, the accrual of
Additional Interest with respect to such Transfer Restricted Securities will cease. Additional Interest will be calculated based on the actual number of days such Additional Interest was applicable during the week. 
  
 (b) A Registration Default referred to in Section 5(a)(iv)
shall be deemed not to have occurred and be continuing in relation to a Registration Statement or the related Prospectus if (i) the Blackout Period has occurred solely as a result of (x) the filing of a post-effective amendment to such Shelf
Registration Statement to incorporate annual audited financial information with respect to the Issuers where such post-effective amendment is not yet effective and needs to be declared effective to permit Holders to use the related Prospectus or (y)
the occurrence of other material events with respect to the Issuers that would need to be described in such Registration Statement or the related Prospectus and (ii) in the case of clause (y), the Issuers are proceeding promptly and in good faith to
amend or supplement (including by way of filing documents under the Exchange Act which are incorporated by reference into the Registration Statement) such Registration Statement and the related Prospectus to describe such events; provided,
however, that in any case if such Blackout Period occurs for a continuous period in excess of 30 days, a Registration Default shall be deemed to have occurred on the 31st day of such Blackout Period and Additional Interest shall be payable in
accordance with the above paragraph from the day such Registration Default occurs until such Registration Default is cured or until the Issuers are no longer required pursuant to this Agreement to keep such Registration Statement effective or such
Registration Statement 

  

 8 

 
or the related Prospectus usable; provided, further, that in no event shall the total of all Blackout Periods exceed 45 days in the aggregate
of any 12-month period. 
  
 All payment obligations of the Issuers
set forth in this section that are outstanding with respect to any Transfer Restricted Security at the time such security ceases to be a Transfer Restricted Security shall survive until such time as all such payment obligations with respect to such
security shall have been satisfied in full. 
  
 SECTION 6.
REGISTRATION PROCEDURES 
  
 (a) Exchange Offer
Registration Statement. In connection with the Exchange Offer, the Issuers shall comply with all of the provisions of Section 6(c) below, shall use their reasonable best efforts to effect such exchange to permit the sale of Transfer Restricted
Securities being sold in accordance with the intended method or methods of distribution thereof, and shall comply with all of the following provisions: 
  
 (i) As a condition to its participation in the Exchange Offer pursuant to the terms of this Agreement, each Holder of Transfer Restricted
Securities shall furnish, upon the request of the Issuers, prior to the Consummation thereof, a written representation to the Issuers (which may be contained in the letter of transmittal contemplated by the Exchange Offer Registration Statement) to
the effect that (A) it is not an affiliate of the Issuers, (B) it is not engaged in, and does not intend to engage in, and has no arrangement or understanding with any Person to participate in, a distribution of the Exchange Notes to be issued in
the Exchange Offer and (C) it is acquiring the Exchange Notes in its ordinary course of business. In addition, all such Holders of Transfer Restricted Securities shall otherwise cooperate in the Issuers’ preparations for the Exchange Offer.
Each Holder hereby acknowledges and agrees that any Broker-Dealer and any such Holder using the Exchange Offer to participate in a distribution of the securities to be acquired in the Exchange Offer (1) could not under Commission policy as in effect
on the date of this Agreement rely on the position of the Commission enunciated in Exxon Capital Holdings Corporation (available May 13, 1988) and Morgan Stanley and Co., Inc. (available June 5, 1991), as interpreted in the
Commission’s letter to Shearman & Sterling dated July 2, 1993, and similar no-action letters, and (2) must comply with the registration and prospectus delivery requirements of the Securities Act in connection with a secondary resale
transaction and that such a secondary resale transaction should be covered by an effective Registration Statement containing the selling security holder information required by Item 507 or 508, as applicable, of Regulation S-K if the resales are of
Exchange Notes obtained by such Holder in exchange for Notes acquired by such Holder directly from the Issuers; and 
  
 (ii) Prior to effectiveness of the Exchange Offer Registration Statement, the Issuers shall provide a supplemental letter to the
Commission stating that the Issuers are registering the Exchange Offer in reliance on the position of the Commission enunciated in Exxon Capital Holdings Corporation 

  

 9 

 
(available May 13, 1988) and Morgan Stanley and Co., Inc. (available June 5, 1991) as interpreted in the Commission’s letter to Shearman &
Sterling dated July 2, 1993, and shall represent to the Commission that the Issuers have not entered into any arrangement or understanding with any Person to distribute the Exchange Notes to be received in the Exchange Offer and that, to the
best of the Issuers’ information and belief, each Holder participating in the Exchange Offer is acquiring the Exchange Notes in its ordinary course of business and has no arrangement or understanding with any Person to participate in the
distribution of the Exchange Notes received in the Exchange Offer. 
  
 (b) Shelf Registration Statement. In connection with the Shelf Registration Statement, the Issuers shall comply with all the provisions of Section 6(c) below and shall use their reasonable best efforts to
effect such registration to permit the sale of the Transfer Restricted Securities being sold in accordance with the intended method or methods of distribution thereof, and pursuant thereto the Issuers will prepare and file with the Commission a
Registration Statement relating to the registration on any appropriate form under the Securities Act, which form shall be available for the sale of the Transfer Restricted Securities in accordance with the intended method or methods of distribution
thereof. 
  
 (c) General Provisions. In
connection with any Registration Statement and any Prospectus required by this Agreement to permit the sale or resale of Transfer Restricted Securities (including, without limitation, any Registration Statement and the related Prospectus required to
permit resales of Notes and Exchange Notes by Broker-Dealers), the Issuers shall: 
  
 (i) use their reasonable best efforts to keep such Registration Statement continuously effective and provide all requisite financial
statements for the period specified in Sections 3 or 4 of this Agreement, as applicable; upon the occurrence of any event that would cause any such Registration Statement or the Prospectus contained therein (A) to contain a material misstatement or
omit to state any material fact necessary to make the statements therein not misleading or (B) not to be effective and usable for resale of Transfer Restricted Securities during the period required by this Agreement, the Issuers shall file promptly
an appropriate amendment to such Registration Statement, in the case of clause (A), correcting any such misstatement or omission, and, in the case of either clause (A) or (B), use their reasonable best efforts to cause such amendment to be declared
effective as soon as practicable thereafter. Notwithstanding the foregoing, the Issuers may allow the Shelf Registration Statement to cease to become effective and usable if (x) the boards of directors of the Issuers determine in good faith that it
is in the best interests of the Issuers not to disclose the existence of or facts surrounding any proposed or pending material corporate transaction involving the Issuers, and the Issuers notify the Holders within two business days after such boards
of directors make such determination or (y) the Prospectus contained in the Shelf Registration Statement contains an untrue statement of a material fact or omits to state a material fact necessary in order to make the statements made 

  

 10 

 
therein, in the light of the circumstances under which they were made, not misleading; provided that the two-year period referred to in Section 4(a)
hereof during which the Shelf Registration Statement is required to be effective and usable shall be extended by the number of days during which such Registration Statement was not effective or usable pursuant to the foregoing provisions; and
provided further that Additional Interest shall accrue on the Notes as provided in Section 5 hereof; 
  
 (ii) use their reasonable best efforts to prepare and file with the Commission such amendments and post-effective amendments to the
Registration Statement as may be necessary to keep the Registration Statement effective for the applicable period set forth in Sections 3 or 4 hereof, as applicable; cause the Prospectus to be supplemented by any required Prospectus supplement, and
as so supplemented to be filed pursuant to Rule 424 under the Securities Act, and to comply fully with the applicable provisions of Rules 424 and 430A under the Securities Act in a timely manner; and comply with the provisions of the Securities Act
with respect to the disposition of all securities covered by such Registration Statement during the applicable period in accordance with the intended method or methods of distribution by the sellers thereof set forth in such Registration Statement
or supplement to the Prospectus; 
  
 (iii)
cooperate with the selling Holders of Transfer Restricted Securities to facilitate the timely preparation and delivery of certificates representing Transfer Restricted Securities to be sold and not bearing any restrictive legends; and enable such
Transfer Restricted Securities to be in such denominations and registered in such names as the Holders may request at least two business days prior to any sale of Transfer Restricted Securities; 
  
 (iv) use their reasonable best efforts to cause the Transfer
Restricted Securities covered by the Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof to consummate the disposition of such
Transfer Restricted Securities; 
  
 (v) if any
fact or event contemplated by clause (d)(i)(D) below shall exist or have occurred, prepare a supplement or post-effective amendment to the Registration Statement or related Prospectus or any document incorporated therein by reference or file any
other required document so that, as thereafter delivered to the purchasers of Transfer Restricted Securities, the Prospectus will not contain an untrue statement of a material fact or omit to state any material fact necessary to make the statements
made therein, in the light of the circumstances under which they were made, not misleading; 
  
 (vi) provide a CUSIP, CINS or ISIN number, as applicable, for all Transfer Restricted Securities not later than the effective date of the
Registration Statement and provide the Trustee under the Indenture with printed 

  

 11 

 
certificates for the Transfer Restricted Securities which are in a form eligible for deposit with the depositary; 
  
 (vii) cooperate and assist in any filings required to be
made with the NASD and in the performance of any due diligence investigation by any underwriter (including any “qualified independent underwriter”) that is required to be retained in accordance with the rules and regulations of the NASD;

  
 (viii) otherwise use their reasonable best
efforts to comply with all applicable rules and regulations of the Commission, and make generally available to their security holders, as soon as practicable, a consolidated earnings statement meeting the requirements of Rule 158 (which need not be
audited) for the twelve-month period (A) commencing at the end of any fiscal quarter in which Transfer Restricted Securities are sold to underwriters in a firm or best efforts Underwritten Offering or (B) if not sold to underwriters in such an
offering, beginning with the first month of the Issuers’ first fiscal quarter commencing after the effective date of the Registration Statement; and 
  
 (ix) use their reasonable best efforts to cause the Indenture to be qualified under the TIA not later than the effective date of the first
Registration Statement required by this Agreement, and, in connection therewith, cooperate with the Trustee and the Holders of Notes and Exchange Notes to effect such changes to the Indenture as may be required for such Indenture to be so qualified
in accordance with the terms of the TIA; and execute, and use their reasonable best efforts to cause the Trustee to execute, all documents that may be required to effect such changes and all other forms and documents required to be filed with the
Commission to enable such Indenture to be so qualified in a timely manner. 
  
 (d) Additional Provisions Applicable to Shelf Registration Statements. In connection with each Shelf Registration Statement, during the Shelf Registration Period, the Issuers shall: 
  
 (i) advise the selling Holders of Transfer Restricted
Securities promptly and, if requested by such Persons, to confirm such advice in writing, (A) when the Prospectus or any Prospectus supplement or post-effective amendment has been filed, and, with respect to the Shelf Registration Statement or any
post-effective amendment thereto, when the same has become effective, (B) of any request by the Commission for amendments to the Shelf Registration Statement or amendments or supplements to the Prospectus or for additional information relating
thereto, (C) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement under the Securities Act, of the suspension by any state securities commission of the qualification of the Transfer
Restricted Securities for offering or sale in any jurisdiction or of the initiation of any proceeding for any of the preceding purposes and (D) of the existence of any fact or the happening of any event that requires the making of any additions to
or changes in the Shelf Registration Statement or the Prospectus 

  

 12 

 
in order that the Shelf Registration Statement and the Prospectus do not contain an untrue statement of a material fact or omit to state a material fact
necessary to make the statements made therein, in the light of the circumstances under which they were made, not misleading. If at any time the Commission shall issue any stop order suspending the effectiveness of the Shelf Registration Statement,
or any U.S. state securities commission or other regulatory authority shall issue an order suspending the qualification or exemption from qualification of the Transfer Restricted Securities under U.S. state securities or blue sky laws, the Issuers
shall use their reasonable best efforts to obtain the withdrawal or lifting of such order at the earliest possible time; 
  
 (ii) if requested in writing, furnish to each of the selling Holders of Transfer Restricted Securities before filing with the Commission,
copies of any Shelf Registration Statement or any Prospectus included therein or any amendments or supplements to any such Shelf Registration Statement or Prospectus (but excluding all documents incorporated by reference as a result of the
Issuers’ period reporting requirements under the Exchange Act), which documents will be subject to the review of such Holders for a period of at least five business days, and the Issuers will not file any such Shelf Registration Statement or
Prospectus or any amendment or supplement to any such Shelf Registration Statement or Prospectus (excluding all such documents incorporated by reference as a result of the Issuers’ periodic reporting requirements under the Exchange Act) to
which a selling Holder of Transfer Restricted Securities covered by such Shelf Registration Statement shall reasonably object within five business days of receipt thereof; such Holders shall be deemed to have reasonably objected to such filing if
such Shelf Registration Statement, amendment, Prospectus or supplement, as applicable, as proposed to be filed, contains an untrue statement of a material fact or omits to state any material fact necessary to make the statements therein, in the
light of the circumstances under which they were made, not misleading, or fails to comply, in any material respect, with the applicable requirements of the Securities Act; 
  
 (iii) prior to the filing of any document that is to be incorporated by reference into a Shelf Registration
Statement or Prospectus, provide copies of such document to the selling Holders, make the Issuers’ representatives available for discussion of such document and other customary due diligence matters, and include such information in such
document prior to the filing thereof as such selling Holders reasonably may request; 
  
 (iv) make available for inspection at reasonable times at each of the Issuers’ principal places of business by the selling Holders of
Transfer Restricted Securities, and any attorney or accountant retained by such selling Holders, who shall certify to the Issuers that they have a current intention to sell Transfer Restricted Securities pursuant to a Shelf Registration Statement,
such relevant financial and other records, pertinent corporate documents and properties of the Issuers as reasonably requested and cause the Issuers’ officers, directors 

  

 13 

 
and employees to respond to such inquiries as shall be reasonably necessary, in the reasonable judgment of counsel to such Holders, to conduct a reasonable
investigation; provided, however, that the foregoing inspection and information gathering shall be coordinated on behalf of the selling Holders by one counsel designated by and on behalf of such Holders and, provided,
further, that each such party shall be required to maintain in confidence and not disclose to any other Person any information or records reasonably designated by the Issuers in writing as being confidential, until such time as (A) such
information becomes a matter of public record (whether by virtue of its inclusion in such Shelf Registration Statement or otherwise), (B) such Person shall be required so to disclose such information pursuant to a subpoena or order of any court or
other governmental agency or body having jurisdiction over the matter (subject to the requirements of such order, and only after such Person shall have given the Issuers prompt prior written notice of such requirement) or (C) such information is
required to be set forth in such Shelf Registration Statement or the Prospectus included therein or in an amendment to such Shelf Registration Statement or an amendment or supplement to such Prospectus in order that such Shelf Registration
Statement, Prospectus, amendment or supplement, as the case may be, does not contain an untrue statement of a material fact or omit to state therein a material fact required to be stated therein or necessary to make the statements made therein not
misleading; 
  
 (v) if requested by any selling
Holders of Transfer Restricted Securities, if any, promptly incorporate in any Shelf Registration Statement or Prospectus pursuant to a supplement or post-effective amendment if necessary, such information as such selling Holders may reasonably
request to have included therein, including, without limitation, information relating to the “Plan of Distribution” of the Transfer Restricted Securities; and make all required filings of such Prospectus supplement or post-effective
amendment as soon as practicable after the Issuers are notified of the matters to be incorporated in such Prospectus supplement or post-effective amendment; provided, however, that the Issuers shall not be required to take any action
pursuant to this Section 6(d)(v) that would, in the opinion of counsel for the Issuers reasonably satisfactory to the Initial Purchasers, violate applicable law; 
  
 (vi) deliver to each selling Holder of Transfer Restricted Securities, without charge, as many copies of the
Prospectus (including each preliminary Prospectus) and any amendment or supplement thereto as such Persons reasonably may request; the Issuers hereby consent to the use of the Prospectus and any amendment or supplement thereto by each of the selling
Holders, in connection with the offering and the sale of the Transfer Restricted Securities covered by the Prospectus or any amendment or supplement thereto; 
  

(vii) furnish to each Holder whose Transfer Restricted Securities have been included in a Shelf Registration Statement in connection
with such exchange or sale, without charge, at least one copy of the Registration Statement, 

  

 14 

 
as first filed with the Commission, and of each amendment thereto, including all documents incorporated by reference therein and all exhibits (including
exhibits incorporated therein by reference); 
  
 (viii) enter into an underwriting agreement on not more than one occasion in the case of an offering pursuant to a Shelf Registration, and make such representations and warranties, and take all such other actions in connection therewith in
order to expedite or facilitate the disposition of the Transfer Restricted Securities pursuant to any Registration Statement contemplated by this Agreement, all to such extent as may be reasonably requested by any Holder or Holders of Transfer
Restricted Securities who hold at least 25% in aggregate principal amount of such class of Transfer Restricted Securities; provided that the Issuers shall not be required to enter into any such agreement more than once with respect to all of
the Transfer Restricted Securities and may delay entering into such agreement if the board of directors of each of the Issuers determines in good faith that it is in the best interests of the Issuers not to disclose the existence of or facts
surrounding any proposed or pending material corporate transaction involving the Issuers; and in connection with an Underwritten Registration, the Issuers shall: 
  
 (A) furnish (or in the case of paragraphs (2) and (3), use their reasonable best efforts to cause to be
furnished) to the Holders of Transfer Restricted Securities who hold at least 25% in aggregate principal amount of such class of Transfer Restricted Securities, in such substance and scope as they may reasonably request and as are customarily made
in connection with an offering of debt securities pursuant to a Shelf Registration Statement upon the effective date of the Shelf Registration Statement (and if such Shelf Registration Statement contemplates an Underwritten Offering of Transfer
Restricted Securities upon the date of the closing under the underwriting agreement related thereto): 
  
 (1) a certificate, dated the date of effectiveness of the Shelf Registration Statement signed on behalf of the Issuers by (y) the chief
executive officer, the President or any Vice President of each of the Issuers and (z) the chief financial officer of each of the Issuers confirming, as of the date thereof, the matters set forth in Section 7(k) of the Purchase Agreement and such
other matters as such parties may reasonably request; 
  
 (2) an opinion, dated the date of effectiveness of such Shelf Registration Statement, of securities counsel for the Issuers covering matters similar to those set forth in Section 7(d) of the Purchase Agreement, which are appropriate for the
circumstances provided therefor, and such other matters as such parties may reasonably request, and in any event including a statement (which may be similar to the statement contained in the letter delivered pursuant to Section 7(d) of the Purchase
Agreement) to the effect that such counsel has participated in conferences with officers and other representatives of the Issuers, representatives of the 

  

 15 

 
independent public accountants for the Issuers in connection with the preparation of such Shelf Registration Statement and the related Prospectus although
such counsel has not independently verified the accuracy, completeness or fairness of such statements in such Shelf Registration Statement; and that such counsel advises that, on the basis of the foregoing, such counsel’s work in connection
with this work did not disclose information that gave such counsel reason to believe that the Shelf Registration Statement, at the time such Shelf Registration Statement or any post-effective amendment thereto became effective contained an untrue
statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein in light of the circumstances under which they were made, not misleading, or that the Prospectus contained in
such Shelf Registration Statement as of its date contained an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements made therein, in the light of the circumstances under which they were
made, not misleading. Such counsel may state further that such counsel expresses no view with respect to, assumes no responsibility for, and has not independently verified, the accuracy, completeness or fairness of the financial statements, notes
and schedules, the financial projections and other financial, statistical and accounting data included or incorporated by reference in the Shelf Registration Statement contemplated by this Agreement or the related Prospectus; and 
  
 (3) a customary comfort letter, dated as of the date of
effectiveness of the Shelf Registration Statement from the Issuers’ independent accountants, in the customary form and covering matters of the type customarily covered in comfort letters to underwriters in connection with primary underwritten
offerings, and affirming the matters set forth in the comfort letters delivered pursuant to Section 7(i) and (j) of the Purchase Agreement; and 
  
 (B) deliver such other documents and certificates as may be reasonably requested by such parties to evidence compliance with clause (A)
above and with any customary conditions contained in the underwriting agreement or other agreement entered into by the Issuers pursuant to this clause (viii), if any. 
  
 If at any time during the Shelf Registration Period the representations and warranties of the Issuers contemplated in clause (A)(1) above
cease to be true and correct, the Issuers shall so advise each selling Holder promptly and, if requested by such Holders, shall confirm such advice in writing; and 
  
 (ix) prior to any public offering of Transfer Restricted Securities cooperate with the selling Holders of
Transfer Restricted Securities and their counsel in connection with the registration and qualification of the Transfer 

  

 16 

 
Restricted Securities under the securities or blue sky laws of such jurisdictions as the selling Holders of Transfer Restricted Securities may reasonably
request and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of the Transfer Restricted Securities covered by the Shelf Registration Statement filed pursuant to Section 4 hereof;
provided, however, that the Issuers shall not be obligated to qualify as a foreign corporation in any jurisdiction in which they are not now so qualified or to take any action that would subject them to general consent to service of
process or taxation, other than as to matters and transactions relating to the Shelf Registration Statement, in any jurisdiction where they are not now so subject. 
  
 (e) Each Holder agrees by acquisition of a Transfer Restricted Security that, upon receipt of any notice
from the Issuers of the existence of any fact of the kind described in Section 6(d)(i) hereof, such Holder will forthwith discontinue disposition of Transfer Restricted Securities pursuant to the Shelf Registration Statement until such Holder’s
receipt of the copies of the supplemented or amended Prospectus contemplated by Section 6(d)(vi) hereof, or until it is advised in writing (the “Advice”) by the Issuers that the use of the Prospectus may be resumed, and has received
copies of any additional or supplemental filings that are incorporated by reference in the Prospectus. If so directed by the Issuers, each Holder will deliver to the Issuers (at the Issuers’ expense) all copies, other than permanent file copies
then in such Holder’s possession, of the Prospectus covering such Transfer Restricted Securities that was current at the time of receipt of such notice. In the event the Issuers shall give any such notice, the time period regarding the
effectiveness of such Shelf Registration Statement set forth in Section 4 hereof, as applicable, shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to Section 6(d)(i) hereof to
and including the date when each selling Holder covered by such Shelf Registration Statement shall have received the copies of the supplemented or amended Prospectus contemplated by Section 6(d)(vi) hereof or shall have received the Advice.

  
 (f) The Issuers may require each Holder of
Transfer Restricted Securities as to which any registration is being effected to furnish to the Issuers such information regarding such Holder and such Holder’s intended method of distribution of the applicable Transfer Restricted Securities as
the Issuers may from time to time reasonably request in writing, but only to the extent that such information is required in order to comply with the Securities Act. Each such Holder agrees to notify the Issuers as promptly as practicable of (i) any
inaccuracy or change in information previously furnished by such Holder to the Issuers or (ii) the occurrence of any event, in either case, as a result of which any Prospectus relating to such registration contains or would contain an untrue
statement of a material fact regarding such Holder or such Holder’s intended method of distribution of the applicable Transfer Restricted Securities or omits to state any material fact regarding such Holder or such Holder’s intended method
of distribution of the applicable Transfer Restricted Securities required to be stated therein or necessary to make the statements made therein, in the light of the circumstances under which they 

  

 17 

 
were made, not misleading and promptly to furnish to the Issuers any additional information required to correct and update any previously furnished
information or required so that such Prospectus shall not contain, with respect to such Holder or the distribution of the applicable Transfer Restricted Securities an untrue statement of a material fact or omit to state a material fact required to
be stated therein or necessary to make the statements therein not misleading. 
  
 SECTION 7. REGISTRATION EXPENSES 
  
 (a) All expenses incident to the Issuers’ performance of or compliance with this Agreement will be borne by the Issuers regardless of whether a Registration Statement becomes effective, including without
limitation and as applicable: (i) all Commission, securities exchange or NASD registration and filing fees and expenses (including filings made by any Initial Purchasers or Holder with the NASD); (ii) all fees and expenses of compliance by the
Issuers with U.S. federal securities and state blue sky or securities laws and compliance with the rules of the NASD; (iii) all expenses of printing (including printing certificates for the Exchange Notes to be issued in the Exchange Offer and
printing of Prospectuses), messenger and delivery services; (iv) all fees and disbursements of counsel for the Issuers; (v) all fees and disbursements of independent certified public accountants of the Issuers (including the expenses of any special
audit and comfort letters required by or incident to such performance) and (vi) the reasonable fees and disbursements of one nationally recognized law firm with experience in securities law matters designated by the Holders of a majority in
principal amount of Transfer Restricted Securities covered by the Shelf Registration Statement to act as counsel for the Holders of those Transfer Restricted Securities in connection therewith. 
  
 The Issuers will, in any event, bear their internal expenses
(including, without limitation, all salaries and expenses of their officers and employees performing legal or accounting duties), the expenses of any annual audit and the fees and expenses of any Person, including special experts, retained by the
Issuers. 
  
 (b) Each Holder of Transfer
Restricted Securities will pay all underwriting discounts, if any, and commissions and transfer taxes, if any, relating to the disposition of such Holder’s Transfer Restricted Securities. 
  
 SECTION 8. INDEMNIFICATION 
  
 (a) The Issuers shall indemnify and hold harmless each
Holder of Transfer Restricted Securities, its officers and employees and each Person, if any, who controls any such Holders, within the meaning of the Securities Act, from and against any loss, claim, damage or liability, joint or several, or any
action in respect thereof (including, but not limited to, any loss, claim, damage, liability or action relating to purchases, sales and registration of the Notes and the Exchange Notes), to which that Holder, officer, employee or controlling Person
may become subject, under the Securities Act or otherwise, insofar as such loss, claim, damage, liability or action arises out of, or is based upon (i) any untrue statement or alleged untrue statement of a material fact 

  

 18 

 
contained in any Registration Statement or preliminary Prospectus or Prospectus or in any amendment or supplement thereto; (ii) the omission or alleged
omission to state in any Registration Statement, preliminary Prospectus or Prospectus, or in any amendment or supplement thereto, any material fact required to be stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made, or (iii) any act or failure to act or any alleged act or failure to act by any Holder of Transfer Restricted Securities in connection with, or relating in any manner to, the Notes or the Exchange Notes or
the offering contemplated by any Registration Statement, and which is included as part of or referred to in any loss, claim, damage, liability or action arising out of or based upon matters covered by clause (i) or (ii) above (provided that the
Issuers shall not be liable under this clause (iii) to the extent that it is determined in a final judgment by a court of competent jurisdiction that such loss, claim, damage, liability or action resulted directly from any such acts or failures to
act undertaken or omitted to be taken by such Holder through its gross negligence or willful misconduct); and shall reimburse each Holder and each such officer, employee or controlling Person promptly upon demand for any legal or other expenses
reasonably incurred by that Holder, officer, employee or controlling Person in connection with investigating or defending or preparing to defend against any such loss, claim, damage, liability or action as such expenses are incurred;
provided, however, that the Issuers shall not be liable in any such case to the extent that any such loss, claim, damage, liability or action arises out of, or is based upon, any untrue statement or alleged untrue statement or omission
or alleged omission made in any Registration Statement, preliminary Prospectus or Prospectus, or in any such amendment or supplement, in reliance upon and in conformity with written information concerning such Holder furnished to the Issuers by or
on behalf of any Holder specifically for inclusion therein; provided, further, that with respect to any such untrue statement or omission made in any preliminary Prospectus or Prospectus, the indemnity agreement contained in this
Section 8(a) shall not inure to the benefit of the Holder, its officers and employees and any Person who controls such Holder, from whom the Person asserting any such losses, claims, damages or liabilities purchased the Notes or Exchange Notes
concerned if, to the extent that such sale was a sale by the Holder and any such loss, claim, damage or liability of such Holder is a result of the fact that (A) a copy of the Prospectus (or the Prospectus as then amended or supplemented) was not
sent or given to such Person at or prior to written confirmation of the sale of such Notes or Exchange Notes to such Person or (B) the untrue statement or omission in the preliminary Prospectus or Prospectus delivered to the Person was corrected in
the Prospectus (or the Prospectus as then amended or supplemented) unless such failure to deliver the Prospectus was a result of noncompliance by the Issuers with Section 6(d)(vi) hereof. The foregoing indemnity agreement is in addition to any
liability which the Issuers may otherwise have to any Holder or to any officer, employee or controlling Person of that Holder. 
  
 (b) Each Holder, severally and not jointly, shall indemnify and hold harmless each of the Issuers their respective directors, officers and
employees, and each Person, if any, who controls either of the Issuers within the meaning of the Securities Act, from and against any loss, claim, damage or liability, joint or several, or any action in 

  

 19 

 
respect thereof, to which the Issuers or any such director, officer or controlling Person may become subject, under the Securities Act or otherwise, insofar
as such loss, claim, damage, liability or action arises out of, or is based upon (i) any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement, preliminary Prospectus or Prospectus, or in any
amendment or supplement thereto or (ii) the omission or alleged omission to state in any Registration Statement, preliminary Prospectus or Prospectus, or in any amendment or supplement thereto, any material fact required to be stated therein or
necessary to make the statements therein not misleading, but in each case only to the extent that the untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information
concerning such Holders furnished to the Issuers by or on behalf of that Holder specifically for inclusion therein, and shall reimburse the Issuers and each such director, officer, employee and controlling Person, promptly upon demand, for any legal
or other expenses reasonably incurred by the Issuers or each such director, officer, employee or controlling Person in connection with investigating or defending or preparing to defend against any such loss, claim, damage, liability or action as
such expenses are incurred. The foregoing indemnity agreement is in addition to any liability which any Holder may otherwise have to the Issuers or any such director, officer, employee or controlling Person. 
  
 (c) Promptly after receipt by an indemnified party under
this Section 8 of notice of any claim or the commencement of any action, the indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under this Section 8, notify the indemnifying party in writing of the
claim or the commencement of that action; provided, however, that the failure to notify the indemnifying party shall not relieve it from any liability which it may have under this Section 8 except to the extent it has been materially
prejudiced by such failure and; provided, further, that the failure to notify the indemnifying party shall not relieve it from any liability which it may have to an indemnified party otherwise than under this Section 8. If any such
claim or action shall be brought against an indemnified party, and it shall notify the indemnifying party thereof, the indemnifying party shall be entitled to participate therein and, to the extent that it wishes, jointly with any other similarly
notified indemnifying party, to assume the defense thereof with counsel reasonably satisfactory to the indemnified party. After notice from the indemnifying party to the indemnified party of its election to assume the defense of such claim or
action, the indemnifying party shall not be liable to the indemnified party under this Section 8 for any legal or other expenses subsequently incurred by the indemnified party in connection with the defense thereof other than reasonable costs of
investigation; provided, however, any indemnified party shall have the right to employ separate counsel in any such action and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of
the indemnified party unless (i) the employment of such counsel has been specifically authorized by the indemnifying party in writing, or (ii) such indemnified party shall have been advised by such counsel that there may be one or more legal
defenses available to it which are different from or additional to those available to the indemnifying party and in the reasonable judgment of such counsel it is advisable for such indemnified party to 

  

 20 

 
employ separate counsel or (iii) the indemnifying party has failed to assume the defense of such action and employ counsel reasonably satisfactory to the
indemnified party, in which case, if such indemnified party notifies the indemnifying party in writing that it elects to employ separate counsel at the expense of the indemnifying party, the indemnifying party shall not, in connection with any one
such action or separate but substantially similar or related actions arising out of the same general allegations or circumstances, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to local
counsel) at any time for all such indemnified parties, which firm shall be designated in writing by (x) Lehman Brothers Inc. if the indemnified parties under this Section 8 consist of the Initial Purchasers or any of their respective officers,
employees or controlling Persons, (y) by the Issuers, if the indemnified parties under this Section 8 consist of any of the Issuers or any of their respective directors, officers, employees or controlling Persons or (z) by the Holders of the
majority of the aggregate principal amount of Notes then outstanding, in the case of parties indemnified pursuant to Section 8(a). Each indemnified party, as a condition of the indemnity agreement contained in this Section 8, shall use its
reasonable best efforts to cooperate with the indemnifying party in the defense of any such claim. No indemnifying party shall (i) without the prior written consent of the indemnified parties (which consent shall not be unreasonably withheld),
settle or compromise or consent to the entry of any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified
parties are actual or potential parties to such claim or action) unless such settlement, compromise or consent includes an unconditional release of each indemnified party from all liability arising out of such claim, action, suit or proceeding or
(ii) be liable for any settlement of any such action effected without its written consent (which consent shall not be unreasonably withheld), but if settled with the consent of the indemnifying party or if there be a final judgment of the plaintiff
in any such action, the indemnifying party agrees to indemnify and hold harmless any indemnified party from and against any loss or liability by reason of such settlement or judgment. 
  
 (d) If the indemnification provided for in this Section 8 shall for any reason be unavailable to or
insufficient to hold harmless an indemnified party under Section 8(a) or 8(b) in respect of any loss, claim, damage or liability, or any action in respect thereof, referred to therein, then each indemnifying party shall, in lieu of indemnifying such
indemnified party, contribute to the amount paid or payable by such indemnified party as a result of such loss, claim, damage or liability, or action in respect thereof, (i) in such proportion as shall be appropriate to reflect the relative benefits
received by the Issuers, on the one hand, and the Holders on the other, from the sale of the Transfer Restricted Securities or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Issuers, on the one hand and the Holders on the other with respect to the statements or omissions which resulted in such loss,
claim, damage or liability, or action in respect thereof, as well as any other relevant equitable considerations. The relative fault shall be determined 

  

 21 

 
by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material
fact relates to information supplied by the Issuers, on the one hand, or the Holders, on the other hand, the intent of the parties and their relative knowledge, access to information and opportunity to correct or prevent such statement or omission.
The Issuers and the Holders agree that it would not be just and equitable if contributions pursuant to this Section 8(d) were to be determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other
method of allocation which does not take into account the equitable considerations referred to herein. The amount paid or payable by an indemnified party as a result of the loss, claim, damage or liability, or action in respect thereof, referred to
above in this Section shall be deemed to include, for purposes of this Section 8(d), any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding
the provisions of this Section 8(d), no Holder shall be required to contribute any amount in excess of the amount by which the net proceeds received by it in connection with its sale of Notes exceeds the amount of any damages which such Holder has
otherwise paid or become liable to pay by reason of the untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be
entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute as provided in this Section 8(d) are several and not joint. 
  
 SECTION 9. RULE 144A 
  
 The Issuers hereby agree with each Holder of Transfer
Restricted Securities, for so long as any Transfer Restricted Securities remain outstanding and during any period in which the Issuers are not subject to Section 13 or 15(d) of the Exchange Act within the two-year period following the Closing Date,
to use its reasonable best efforts to make available, upon request of any Holder, to the Holder or beneficial owner of Transfer Restricted Securities, in connection with any sale thereof and any prospective purchaser of such Transfer Restricted
Securities from such Holder or beneficial owner, the information required by Rule 144A(d)(4) under the Securities Act in order to permit resales of such Transfer Restricted Securities pursuant to Rule 144A. 
  
 SECTION 10. PARTICIPATION IN UNDERWRITTEN REGISTRATIONS 
  
 No Holder may participate in any Underwritten Registration
hereunder unless such Holder (a) agrees to sell such Holder’s Transfer Restricted Securities on the basis provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and (b) completes and
executes all reasonable questionnaires, powers of attorney, indemnities, underwriting agreements, lock-up letters and other documents required under the terms of such underwriting arrangements. 
  

 22 

 SECTION 11. SELECTION OF UNDERWRITERS 
  
 Subject to Section 6(d)(i), the Holders of Transfer Restricted Securities covered by the Shelf Registration
Statement who desire to do so may sell such Transfer Restricted Securities in an Underwritten Offering at such Holders’ expense. In any such Underwritten Offering, the investment banker or investment bankers and manager or managers that will
administer the offering will be selected by the Holders of a majority in aggregate principal amount of the Transfer Restricted Securities included in such offering; provided that such investment bankers and managers must be reasonably
satisfactory to the Issuers. 
  
 SECTION 12. MISCELLANEOUS

  
 (a) Remedies. The Issuers agree that
monetary damages (including Additional Interest) would not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Agreement and hereby agree to waive the defense in any action for specific performance
that a remedy at law would be adequate. 
  
 (b)
No Inconsistent Agreements. The Issuers will not, on or after the date of this Agreement, enter into any agreement with respect to their respective securities that is inconsistent with the rights granted to the Holders in this Agreement or
otherwise conflicts with the provisions hereof. Except as disclosed in the Offering Memorandum (as such term is defined in the Purchase Agreement), the Issuers have not previously entered into any currently effective agreement granting any
registration rights with respect to its securities to any Person. The rights granted to the Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of the Issuers’ securities under any
agreement in effect on the date hereof. 
  
 (c)
Amendments and Waivers. The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents to or departures from the provisions hereof may not be given unless the Issuers have obtained the written consent
of Holders of a majority of the outstanding principal amount of the Transfer Restricted Securities affected by such amendment, modification, supplement, waiver or consent. Notwithstanding the foregoing, a waiver or consent to departure from the
provisions hereof that relates exclusively to the rights of Holders whose securities are being tendered pursuant to the Exchange Offer and that does not affect directly or indirectly the rights of other Holders whose securities are not being
tendered pursuant to such Exchange Offer may be given by the Holders of a majority of the outstanding principal amount of Transfer Restricted Securities being tendered or registered. 
  

 23 

 (d) Notices. All notices and other communications provided for or permitted
hereunder shall be made in writing by hand-delivery, first-class mail (registered or certified, return receipt requested), facsimile or air courier guaranteeing overnight delivery: 
  
 (i) if to a Holder, at the address set forth on the records of the Registrar under the Indenture, with a
copy to the Registrar under the Indenture; and 
  
 (ii) if to the Issuers to: 
  
 CBD
Media Holdings LLC 
 312 Plum Street, Suite 900 
 Cincinnati, Ohio 45202 
 Attention: Douglas Myers 
 Fax: (513) 651-3842 
  
 CBD Holdings Finance, Inc. 
 312 Plum Street, Suite 900 
 Cincinnati, Ohio 45202 
 Attention: Douglas Myers 
 Fax: (513) 651-3842 
  
 in each case, with a copy to: 
  
 Latham & Watkins LLP 
 555 Eleventh Street, NW, Suite 1000 
 Washington, DC 20004 
 Attention: Scott Herlihy, Esq. 
 Fax: (202) 637-2201 
  
 Any such notices and communications shall take effect at the time of receipt thereof. The Issuers shall be entitled to act and rely upon any notice or communication given or made by the Initial Purchasers. 
  
 Copies of all such notices, demands or other communications
shall be concurrently delivered by the Person giving the same to the Trustee at the address specified in the Indenture. 
  
 (e) Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of
the parties, including without limitation and without the need for an express assignment, subsequent Holders; provided, however, that this Agreement shall not inure to the benefit of or be binding upon a successor or assign of a Holder
unless and to the extent such successor or assign acquired Transfer Restricted Securities from such Holder. 
  
 (f) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts,
each of which when so 

  

 24 

 
executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
  
 (g) Headings. The headings in this Agreement are for
convenience of reference only and shall not limit or otherwise affect the meaning hereof. 
  
 (h) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED, IN ACCORDANCE WITH THE LAW OF THE STATE OF
NEW YORK. 
  
 (i) Severability. In the
event that any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of
the remaining provisions contained herein shall not be affected or impaired thereby. 
  
 (j) Entire Agreement. This Agreement together with the other Operative Documents (as defined in the Purchase Agreement) is intended
by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions,
promises, warranties or undertakings, other than those set forth or referred to herein with respect to the registration rights granted by the Issuers with respect to the Transfer Restricted Securities. This Agreement supersedes all prior agreements
and understandings between the parties with respect to such subject matter. 
  
 [Signature pages follow] 
  

 25 

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

					
	 Very truly yours,

	
	 CBD MEDIA HOLDINGS LLC

		
	By:	 	 /s/ Ben Coughlin

	 	 	 Name:
	 	 Ben Coughlin

	 	 	 Title:
	 	 Director

	
	CBD HOLDINGS FINANCE, INC.
		
	By:	 	 /s/ Ben Coughlin

	 	 	 Name:
	 	 Ben Coughlin

	 	 	 Title:
	 	 Director

  
 SIGNATURE PAGES
TO REGISTRATION RIGHTS AGREEMENT 
  

 Accepted on behalf of the Initial Purchasers: 
  

					
	 LEHMAN BROTHERS INC.

		
	By:	 	 /s/ A. Sade

	 	 	 Name:
	 	 A. Sade

	 	 	 Title:
	 	 Managing Director

  
 SIGNATURE PAGES TO
REGISTRATION RIGHTS AGREEMENT

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