Document:

Limited Guarantee

 Exhibit 10.3 
 LIMITED GUARANTEE 
 OF 
 WARBURG PINCUS PRIVATE EQUITY IX, L.P. 
 Limited Guarantee, dated as of
April 3, 2007 (this “Limited Guarantee”), is made by Warburg Pincus Private Equity IX, L.P., a Delaware limited partnership (the “Guarantor”), in favor of Marshall & Ilsley Corporation, a Wisconsin
corporation (“MI Corporation”), and Metavante Holding Company, a Wisconsin corporation and, as of the date hereof, a wholly-owned subsidiary of MI Corporation (“MVT Holding” and together with MI Corporation, the
“Guaranteed Parties”). 
 1. GUARANTEE. To induce the Guaranteed Parties to enter into the Investment Agreement,
dated as of April 3, 2007 (as amended, amended and restated, supplemented or otherwise modified from time to time in accordance with its terms, the “Investment Agreement”; capitalized terms used and not defined herein shall
have the meanings set forth in the Investment Agreement), among MI Corporation, MVT Holding, Metavante Corporation, a Wisconsin corporation and, as of the date hereof, a wholly-owned subsidiary of MI Corporation (“MVT Corp.”),
Montana Merger Sub Inc., a Wisconsin corporation and, as of the date hereof, a wholly-owned subsidiary of MVT Holding, and WPM, L.P., a Delaware limited partnership (“Investor”), pursuant to which Investor will acquire certain
outstanding shares of Class A common stock, par value $0.01 per share, of MVT Holding, the Guarantor hereby absolutely, unconditionally and irrevocably guarantees to the Guaranteed Parties, the due and punctual observance, performance and
discharge of all payment obligations of Investor under the Investment Agreement (the “Obligations”); provided, that, notwithstanding anything to the contrary set forth herein or in any related document or agreement, in
no event shall Guarantor’s maximum aggregate liability under this Limited Guarantee exceed the sum of (a) seventy-five million dollars ($75,000,000) plus (b) the amount, if any, for which Guarantor may be liable under
Section 5, up to (i) two million dollars ($2,000,000) minus (ii) the amount of any Obligations consisting of expense claims under Section 8.2(i) of the Investment Agreement that have been paid or are included within
the $75,000,000 amount specified in clause (a) of Section 1 of this Limited Guarantee (such sum, the “Cap”), it being understood that this Limited Guarantee may not be enforced without giving effect to the Cap. In
furtherance of the foregoing, but subject in all events to the terms hereof, the Guarantor acknowledges that each Guaranteed Party may, in its sole discretion, bring and prosecute a separate action or actions against the Guarantor for the
Obligations, subject in each case to the Cap. 
 2. NATURE OF GUARANTEE. The Guaranteed Parties shall not be obligated to file any
claim relating to any Obligations in the event that Investor becomes subject to a bankruptcy, reorganization or similar proceeding, and the failure of the Guaranteed Parties to so file shall not affect the Guarantor’s obligations hereunder. In
the event that any payment to the Guaranteed Parties in respect of any Obligations is rescinded or must otherwise be returned for any reason whatsoever, the Guarantor shall remain liable hereunder with respect to such Obligations as if such payment
had not been made. This is an unconditional guarantee of payment and not of collectibility. 
 3. CHANGES IN OBLIGATIONS, CERTAIN
WAIVERS. 
  

 The Guarantor agrees that the Guaranteed Parties may at any time and from time to time, without notice to
or further consent of the Guarantor, extend the time of payment of any Obligation, and may also make any agreement with Investor or with any other party to, or any Person liable for, the Obligations with respect to the extension, renewal, payment,
compromise, discharge or release thereof, in whole or in part, or for any modification of the terms thereof or of any agreement between the Guaranteed Parties, on the one hand, and Investor or any such other Person, on the other hand, without in any
way impairing or affecting the Guarantor’s obligations under this Limited Guarantee (except that insofar as any such extension, renewal, payment, compromise, discharge, release or modification alters Investor’s Obligations Guarantor’s
obligations hereunder shall be altered pro tanto). The Guarantor agrees that the obligations of the Guarantor hereunder shall not be released or discharged, in whole or in part, or otherwise affected by (a) the failure of the Guaranteed
Parties to assert any claim or demand or to enforce any right or remedy against Investor or any other Person primarily or secondarily liable with respect to any of the Obligations; (b) any change in the time, place or manner of payment of any
Obligation or any rescission, waiver, compromise, consolidation or other amendment or modification of any terms or provisions of the Investment Agreement, or any other agreement evidencing, securing or otherwise executed in connection with any
Obligation (except that insofar as any such change, rescission, waiver, compromise, consolidation or other amendment or modification alters Investor’s Obligations, Guarantor’s obligations hereunder shall be altered pro tanto);
(c) any change in the legal existence, structure or ownership of Investor or any other Person primarily or secondarily liable with respect to any of the Obligations; (d) the addition, substitution or release of any Person primarily or
secondarily liable with respect to any Obligation; (e) any insolvency, bankruptcy, reorganization or other similar proceeding affecting Investor or any other Person primarily or secondarily liable with respect to any of the Obligations;
(f) subject to the third to last sentence of this Section 3, any lack of validity or enforceability of the Obligations or the Investment Agreement or any agreement or instrument related thereto; (g) the existence of any claim,
set-off or other rights which the Guarantor may have at any time against Investor, whether in connection with any Obligation or otherwise; (h) the adequacy of any means the Guaranteed Parties may have of obtaining payment or repayment of any
Obligation; (i) subject to the third to last sentence of this Section 3, any other act or omission to act or delay of any kind by the Guaranteed Parties or any other Person or any other circumstance, in each case, which might, but
for this Section 3, constitute a legal or equitable discharge or release of the Guarantor’s obligations hereunder, or which might in any manner or to any extent vary the risk of the Guarantor, all of which may be done without notice
to the Guarantor (without hereby waiving any requirement of notice that may exist under the Investment Agreement or any other Transaction Agreement); or (j) any other event or circumstance, whether similar or dissimilar to the foregoing, that
would otherwise constitute a suretyship defense. To the fullest extent permitted by law, the Guarantor hereby expressly waives any and all rights or defenses arising by reason of any law which would otherwise require any election of remedies by the
Guaranteed Parties. The Guarantor waives promptness, diligence, notice of the acceptance of this Limited Guarantee and of any Obligation, presentment, demand for payment, notice of non-performance, default, dishonor and protest, notice of the
incurrence of any Obligation and all other notices of any kind, all defenses which may be available by virtue of any valuation, stay, moratorium or other similar laws now or hereafter in effect, any right to require the marshalling of assets of
Investor or any other Person primarily or secondarily liable with respect to any of the Obligations, and all suretyship defenses generally 
  

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(without hereby waiving any requirement of notice pursuant to Section 9.2(c) of the Investment Agreement). Notwithstanding the foregoing or any other
provision herein to the contrary, Guarantor shall have the right to assert as defenses to its obligations hereunder fraud or willful misconduct by the Guaranteed Parties, defenses to the payment of the Obligations that are available to Investor
under the Investment Agreement or a breach by the Guaranteed Parties of this Limited Guarantee, and the Guarantor agrees that to the extent Investor is relieved of its obligations under the terms of the Investment Agreement the Guarantor shall be
similarly relieved of its obligations hereunder. The Guarantor acknowledges that it will receive substantial direct and indirect benefits and other consideration from the transactions contemplated by the Investment Agreement and that the waivers set
forth in this Limited Guarantee are knowingly made in contemplation of such benefits and after the advice of outside legal counsel. The Guaranteed Parties hereby covenant and agree that they shall not institute, and shall cause their Affiliates not
to institute, any proceeding or bring any other claim arising under, or in connection with, the Investment Agreement or the transactions contemplated thereby, against Guarantor or any Guarantor Affiliate except for claims against the Guarantor under
this Limited Guarantee, except that a claim may be brought under the third to last sentence of Section 6.3 of the Investment Agreement for specific performance of the confidentiality obligation set forth therein. 
 4. NO SUBROGATION. The Guarantor hereby unconditionally and irrevocably agrees not to exercise any rights that it may now have or hereafter
acquire against Investor or any other Person primarily or secondarily liable with respect to any of the Obligations that arise from the existence, payment, performance, or enforcement of the Guarantor’s obligations under or in respect of this
Limited Guarantee including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of the Guaranteed Parties against any other Person primarily
or secondarily liable with respect to any of the Obligations (it being understood and agreed that the provisions of this Guarantee preclude the assertion by the Company of any such claim or remedy against Investor or any Guarantor Affiliate, as
defined below), whether such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from Investor or any other Person primarily or secondarily liable with respect
to any of the Obligations, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right, in each case unless and until all of the Obligations and all other
amounts payable under this Limited Guarantee shall have been paid in full in cash up to the Cap. If any amount shall be paid to the Guarantor in violation of the immediately preceding sentence, such amount shall be received and held in trust for the
benefit of the Guaranteed Parties, shall be segregated from other property and funds of the Guarantor and shall forthwith be paid or delivered to the Guaranteed Parties in the same form as so received (with any necessary endorsement or assignment)
to be credited and applied to the amounts payable under this Limited Guarantee. 
 5. EXPENSES. The Guarantor agrees to pay all
reasonable out-of-pocket expenses (including the reasonable fees and expenses of the Guaranteed Parties’ counsel) incurred by the Guaranteed Parties in connection with the successful enforcement of the rights of the Guaranteed Parties
hereunder, up to an aggregate amount equal to (a) two million dollars ($2,000,000) minus (b) the amount of any Obligations consisting of expense claims under Section 8.2(i) of the Investment Agreement that have been paid or are
included within the 

  

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$75,000,000 amount specified in clause (a) of Section 1 of this Limited Guarantee. 
 6. NO WAIVER; CUMULATIVE RIGHTS. No failure on the part of the Guaranteed Parties to exercise, and no delay in exercising, any right, remedy or
power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise by the Guaranteed Parties of any right, remedy or power hereunder preclude any other or future exercise of any right, remedy or power hereunder. Each and
every right, remedy and power hereby granted to the Guaranteed Parties or allowed it by law or other agreement shall be cumulative and not exclusive of any other, and may be exercised by the Guaranteed Parties at any time or from time to time.

 7. REPRESENTATIONS AND WARRANTIES. The Guarantor hereby represents and warrants that: 
 (a) the execution, delivery and performance of this Limited Guarantee have been duly authorized by all necessary partnership action and do
not contravene any provision of the Guarantor’s partnership agreement, or other organizational documents or any law, regulation, rule, decree, order, judgment or contractual restriction binding on the Guarantor or any of its assets; 

(b) all consents, approvals, authorizations, permits of, filings with and notifications to, any governmental authority necessary for
the due execution, delivery and performance of this Limited Guarantee by the Guarantor have been obtained or made and all conditions thereof have been duly complied with, and no other action by, and no notice to or filing with, any governmental
authority or regulatory body is required in connection with the execution, delivery or performance of this Limited Guarantee; 
 (c) this Limited Guarantee constitutes a legal, valid and binding obligation of the Guarantor enforceable against the Guarantor in accordance with its terms, subject to (i) the effects of bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium or other similar laws affecting creditors’ rights generally, and (ii) general equitable principles (whether considered in a proceeding in equity or at law); and 
 (d) the Guarantor has the financial capacity to pay and perform its obligations under this Limited Guarantee, and all funds necessary for
the Guarantor to fulfill its obligations under this Limited Guarantee shall be available to the Guarantor for so long as this Limited Guarantee shall remain in effect in accordance with Section 10 hereof. 
 8. NO ASSIGNMENT. Neither the Guarantor nor the Guaranteed Parties may assign its rights, interests or obligations hereunder to any other person
(except by operation of law) without the prior written consent of the Guaranteed Parties (in the case of an assignment by the Guarantor) or the Guarantor (in the case of an assignment by the Guaranteed Parties). 
 9. NOTICES. All notices, requests, demands, waivers and other communications required or permitted to be given hereunder shall be in writing and
shall be deemed duly given (a) on the date of delivery if delivered personally, (b) upon confirmation of 

  

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receipt if delivered by telecopy or telefacsimile, (c) on the first Business Day following the date of dispatch if delivered by a recognized next-day
courier service, or (d) on the date received if delivered by registered or certified mail, return receipt requested, postage prepaid. All notices hereunder shall be delivered as set forth below, or pursuant to such other instructions as may be
designated in writing by the party to receive such notice: 
  

					
	 (a)    
	 	if to MI Corporation, to:
		
		 	 Marshall & Ilsley Corporation

		 	 Milwaukee, WI 53202

		 	 770 N. Water Street

		 	 Fax: (414) 765-7899 (Fax)

		 	 Attention:  
	 	 Dennis J. Kuester
 Chairman and Chief Executive
Officer

		 		 	 Randall J. Erickson
 Senior Vice President, General
Counsel
 and Corporate Secretary

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

		
		 	 Sidley Austin LLP

		 	 One S. Dearborn Street

		 	 Chicago, Illinois 60603

		 	 Fax: (312) 853-7036

		 	 Attention:
	 	Imad I. Qasim, Esq.
		 		 	Pran Jha, Esq.
		
	 (b)
	 	if to MVT Holding, to:
		
		 	Metavante Holding Company
		 	 4900 West Brown Deer Rd.

		 	 Milwaukee, Wisconsin 53223

		 	 Fax: (414) 362-1705

		 	 Attention:
	 	 Frank Martire
 Chief Executive
Officer

		 		 	 Norrie J. Daroga
 Executive Vice President, Chief Risk
Officer & Secretary

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

		
		 	 Quarles & Brady LLP

		 	 411 East Wisconsin Avenue

		 	 Milwaukee, Wisconsin 53202-4497

		 	 Fax: (414) 978-8786

		 	 Attention:
	 	Patrick M. Ryan, Esq.

  

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	(c)    	 	if to Guarantor, to:
		
		 	 WPM, L.P.

		 	 c/o Warburg Pincus & Co.
 466 Lexington Avenue

		 	 New York, New York 10017

		 	 Fax: (212) 878-9351

		 	 Attention:
	 	James Neary
		
		 	 with a copy to (which shall not constitute notice):

		
		 	 Wachtell, Lipton, Rosen & Katz

		 	 51 West 52nd Street

		 	 New York, New York 10019

		 	 Fax: (212) 403-2000

		 	 Attention:  
	 	 Andrew R. Brownstein, Esq.
 Igor Kirman,
Esq.

 10. CONTINUING GUARANTEE. This Limited Guarantee shall remain in full force and effect and
shall be binding on the Guarantor, its successors and assigns until all Obligations and all amounts payable under this Limited Guarantee have been indefeasibly paid in cash, observed, performed or satisfied in full. Notwithstanding the foregoing,
this Limited Guarantee shall terminate and the Guarantor shall have no further obligations under this Limited Guarantee as of the earlier of (i) the Closing and (ii) the first anniversary of any termination of the Investment Agreement in
accordance with its terms, except, in the case of clause (ii), that if the Guaranteed Parties have presented a claim for payment hereunder to either Investor or Guarantor by such first anniversary then this Limited Guarantee shall remain in effect
as to such claim until such claim is paid or otherwise resolved. Notwithstanding the foregoing, in the event that the Company or any of its affiliates asserts in any litigation or other proceeding that the provisions of Section 1 hereof
limiting the Guarantor’s liability to the Cap or the provisions of Section 3 hereof preserving certain defenses of Guarantor or this Section 10 or Section 11 hereof are illegal, invalid or unenforceable in
whole or in part, or asserts any theory of liability against Guarantor (other than its right to recover from Guarantor for up to the amount of the Obligations, subject to the Cap and the other limitations described herein), Investor or any other
Guarantor Affiliate (as hereinafter defined) with respect to this Guarantee or the transactions contemplated by the Investment Agreement, then (i) the obligations of the Guarantor under this Guarantee shall terminate ab initio and be
null and void, (ii) if the Guarantor has previously made any payments under this Guarantee, it shall be entitled to recover such payments, and (iii) neither the Guarantor nor Investor nor any of the other Guarantor Affiliates shall have
any liability to the Company with respect to the transactions contemplated by the Investment Agreement or under this Guarantee. 
 11. NO
RECOURSE. Notwithstanding anything that may be expressed or implied in this Limited Guarantee or any document or instrument delivered contemporaneously herewith, and notwithstanding the fact that the Guarantor may be a partnership or limited

  

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liability company, by its acceptance of the benefits of this Limited Guarantee, the Guaranteed Parties acknowledge and agree that recourse against the
Guarantor under this Limited Guarantee (subject to the Cap and the other limitations described herein) shall be the sole and exclusive remedy of the Guaranteed Parties and all of their Affiliates (which term as used herein with respect shall, for
the avoidance of doubt, include, but not be limited to, MI Corporation, MVT Corporation, MVT Holding, Merger Sub and their respective Affiliates) against the Guarantor or the Investor or any current or future officer, agent, affiliate or employee of
the Guarantor or the Investor, any current or future general or limited partner or stockholder of the Guarantor or the Investor or any affiliate thereof or any current or future director, officer, employee, affiliate or general or limited partner,
stockholder or member of any of the foregoing (each, other than the Guarantor, a “Guarantor Affiliate”), in respect of any liabilities or obligations arising under, or in connection with, this Limited Guarantee or the Investment
Agreement or the transactions contemplated thereby. Each Guaranteed Party hereby covenants and agrees that it shall not institute or join in, and it shall cause its Affiliates not to institute or join in, any proceeding or bring or join in any other
claim arising under, or in connection with this Limited Guarantee or the Investment Agreement or the transactions contemplated thereby against the Guarantor or any Guarantor Affiliate except for claims against the Guarantor under this Limited
Guarantee (subject to the Cap and the other limitations described herein). Each Guaranteed Party (for itself and its Affiliates) acknowledges and agrees that Investor has no assets and that no funds are expected to be contributed to Investor unless
the Closing occurs. Each Guaranteed Party (for itself and its Affiliates) hereby covenants, agrees and acknowledges that no Person other than the Guarantor shall have any obligation under this Limited Guarantee and that no recourse under this
Limited Guarantee shall be had against any Guarantor Affiliate whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any agreement, document, instrument, statute, regulation or other applicable law.
Each Guaranteed Party further agrees (for itself and its Affiliates) that neither it nor any of its Affiliates have any right of recovery under this Limited Guarantee or the Investment Agreement or otherwise at law, in equity or under any agreement,
instrument or document against any Guarantor Affiliate whether by piercing of the corporate veil, by a claim on behalf of Investor against the Guarantor or Investor’s stockholders or Affiliates, or otherwise, and all of such claims are hereby
waived and released. Nothing set forth in this Limited Guarantee shall be construed to confer or give any Person (including any Person acting in a representative capacity) other than the Guaranteed Parties (or their successors or permitted assigns
pursuant to Section 8) any rights or remedies against the Guarantor. 
 12. GOVERNING LAW. This Limited Guarantee shall be
governed by, and construed in accordance with, the laws of the State of New York. Each of the parties hereto (i) consents to submit itself to the personal jurisdiction of the United States District Court for the Eastern District of Wisconsin or
any court of the State of Wisconsin located in such district in the event any dispute arises out of this Limited Guarantee or any of the transactions contemplated by this Limited Guarantee, (ii) agrees that it will not attempt to deny or defeat
such personal jurisdiction or venue by motion or other request for leave from any such court and (iii) agrees that it will not bring any action relating to this Limited Guarantee or any of the transactions contemplated by this Limited Guarantee
in any court other than such courts sitting in the State of Wisconsin. THE PARTIES HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, SUIT, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER OF THEM 

  

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AGAINST THE OTHER IN ANY MATTERS ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS LIMITED GUARANTEE. 
 13. COUNTERPARTS. This Limited Guarantee may be executed and delivered (including facsimile transmission) in any number of counterparts, each of
which shall be deemed to be an original, and all of which together shall be deemed to be one and the same instrument. 
 14.
SEVERABILITY. Wherever possible, each provision of this Limited Guarantee shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Limited Guarantee shall be prohibited by or invalid
under such law, such provision shall be ineffective to the extent of such prohibition or invalidity without invalidating the remainder of such provision or the remaining provisions of this Limited Guarantee. 
 15. HEADINGS. Section headings in this Limited Guarantee are for convenience of reference only and shall not govern the interpretation of any
provision of this Limited Guarantee. 
 16. ENTIRE AGREEMENT. This Limited Guarantee contains the entire agreement of the Guarantor
with respect to the matters set forth herein and supersedes all prior agreements and understandings, both written and oral, among Investor, the Guarantor and any of their Affiliates, on the one hand, and the Guaranteed Parties or any of their
Affiliates, on the other. 
 17. NO THIRD PARTY BENEFICIARIES. This Limited Guarantee shall be binding upon and inure solely to the
benefit of each party hereto, their successors and permitted assigns, and their respective Affiliates to the extent set forth herein, and nothing in this Limited Guarantee, express or implied, is intended to or shall confer upon any other Person any
right, benefit or remedy of any nature whatsoever. 
 [Signature Pages Follow] 
  

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 IN WITNESS WHEREOF, the Guarantor has caused this Limited Guarantee to be executed and delivered as of
the date first written above by its officer thereunto duly authorized. 
  

			
	 WARBURG PINCUS PRIVATE EQUITY IX, L.P.
  
 By: Warburg Pincus IX LLC, its general partner
  
 By: Warburg Pincus Partners LLC, its sole member
  
 By: Warburg Pincus & Co., its managing member

		
	By:	 	/s/    James Neary
		 	 Name:  James Neary
 Title:

 Accepted and Agreed to: 
  

					
		 	MARSHALL & ILSLEY CORPORATION
			
		 	By:	 	/s/    Mark F. Furlong

							
		 	Name:	 		 	Mark F. Furlong
		 	Title:  	 		 	President

  
  

					
		 	METAVANTE HOLDING COMPANY
			
		 	By:	 	/s/    Gregory A. Smith

							
		 	Name:	 		 	Gregory A. Smith
		 	Title:  	 		 	PresidentConsent Agreement relating to 10-1/4% Series B Senior Subordinated Notes

 Exhibit 10.1 
 CONSENT AGREEMENT 
 Consent Agreement, dated as of May 15, 2007 (this
“Agreement”), by and among American Media Operations, Inc. (the “Company”) and each of the parties listed on the signature page hereto (each a “Bondholder”, and collectively, the
“Bondholders”), relating to certain proposed amendments to the Indenture, dated as of February 14, 2002, as supplemented by the First Supplemental Indenture, dated as of December 30, 2002, the Second Supplemental
Indenture, dated as of January 23, 2003, the Third Supplemental Indenture, dated as of March 17, 2006, the Fourth Supplemental Indenture, dated as of June 26, 2006, the Fifth Supplemental Indenture, dated as of August 18, 2006,
the Sixth Supplemental Indenture, dated as of November 2, 2006, and the Seventh Supplemental Indenture, dated as of February 15, 2007 (as amended and supplemented, the “Indenture”), among the Company, the guarantors named
therein (the “Note Guarantors”) and HSBC Bank USA, National Association (as successor in interest to JPMorgan Chase Bank, N.A.), a national banking association, as trustee (the “Trustee”). 
 WHEREAS, each Bondholder beneficially owns the aggregate principal amount of the Company’s
10 1/4% Series B Senior Subordinated Notes due 2009 (the “Notes”) set forth opposite its name on
Annex A hereto (such Notes being collectively referred to herein as the “Subject Notes”); 
 WHEREAS, the
Company has restated its financial statements (the “Restatement”) and, as a result, is not yet able to timely satisfy its reporting obligations with respect to its quarterly report on Form 10-Q for the quarter ended
September 30, 2006, its quarterly report on Form 10-Q for the quarter ended December 31, 2006, its annual report on Form 10-K for the year ended March 31, 2007 and its quarterly report on Form 10-Q for the quarter ended June 30,
2007, in each case pursuant to Section 4.02 of the Indenture; 
 WHEREAS, Section 9.02 of the Indenture provides that the Company,
the Note Guarantors and the Trustee may amend the Indenture or the Notes outstanding thereunder with the written consent of the Holders of at least a majority in principal amount of the Notes then outstanding; 
 WHEREAS, the Bondholders and the Company desire to enter into this Agreement to provide for, among other things, the consent of the Bondholders to the
proposed amendments (the “Proposed Amendments”) to the Indenture, as set forth in the Eighth Supplemental Indenture attached hereto as Annex B (the “Supplemental Indenture”), among the Company, the Note
Guarantors and the Trustee; and 
 WHEREAS, as a condition to the willingness of the Company to enter into the Supplemental Indenture, the
Company has required that the Bondholders enter into this Agreement. 
 NOW, THEREFORE, to induce the Company to enter into, and in
consideration of the Company’s entering into, the Supplemental Indenture and in consideration of the premises and the representations, warranties and agreements contained herein, the parties hereto agree as follows: 
 1. Covenants of the Company. The Company agrees as follows: 
 (a) Supplemental Indenture. On the Effectiveness Date (as defined below), the Company shall execute and deliver the Supplemental
Indenture to the Trustee and shall use its reasonable best efforts to cause the Trustee to execute the Supplemental Indenture. 

 (b) Consent Fee. Within five (5) business days of the Effectiveness Date, the
Company shall pay, in cash, to all Holders of the Notes an amount equal to $1.25 per $1,000 principal amount of Notes (the “Fee”) held by such Holder on May 11, 2007 (the “Record Date”). No accrued interest
will be paid on the Fee. 
 (c) Form 8-K. The Company shall execute and file with the Securities and Exchange
Commission (the “SEC”) a Form 8-K describing the transactions contemplated hereby, including as exhibits a copy of this Agreement (excluding all Annexes hereto) and the Supplemental Indenture, within two (2) business days of
the Effectiveness Date. 
 2. Covenants of the Bondholders. Each Bondholder, severally and not jointly, agrees as follows:

 (a) Consent of Subject Notes. Each Bondholder hereby (i) approves, ratifies, confirms and consents to, in all
respects, the Proposed Amendments and (ii) directs the Trustee to execute and deliver the Supplemental Indenture. Such Bondholder shall not withdraw or revoke (or cause to be withdrawn or revoked) such approval, ratification, confirmation or
consent or other approval in connection with the Proposed Amendments unless and until such consent is revoked in accordance with Section 5 hereof. 
 3. Representations and Warranties of the Company. The Company hereby represents and warrants to the Bondholders as of the date hereof as follows: 
 (a) Due Organization. The Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of
its organization. 
 (b) Due Authorization; Binding Agreement. The Company has full right, power and authority to
execute and deliver this Agreement and to consummate the transactions contemplated hereby. This Agreement has been duly and validly authorized, executed and delivered by the Company and (assuming due authorization, execution and delivery by the
Bondholders) constitutes the valid and binding obligation of the Company enforceable against the Company in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other
similar laws relating to or affecting creditors’ rights generally, and general equitable principles (whether considered in a proceeding in equity or at law). 
 (c) No Conflicts. None of the execution and delivery of this Agreement by the Company, the consummation of the transactions
contemplated hereby and compliance with the terms hereof by the Company will conflict with, result in any breach or violation of, or default (or an event which, with notice or lapse of time, or both, would constitute a 

  

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default) under the Company’s certificate of incorporation, bylaws or other governing instruments, any material contractual obligation to which the
Company is a party or any provision of any law, order, rule or regulation applicable to the Company, except for any such conflicts, violations, defaults or other occurrences that would not have a material adverse effect on the condition (financial
or otherwise) of the Company or prevent, delay or impede the performance by the Company of its obligations under this Agreement. No filing (other than a Form 8-K) with, and no permit, authorization, consent or approval of, any United States court or
governmental agency or body or any other entity is necessary for the execution of this Agreement by the Company and the consummation by the Company of the transactions contemplated hereby, except where the failure to make such filing or to obtain
such permit, authorization, consent or approval would not prevent, delay or impede the performance by the Company of its obligations under this Agreement. 
 (d) Litigation. There is no action, suit, investigation, complaint or other proceeding pending against the Company or, to the knowledge of the Company, threatened against the Company or any other person or
entity that restricts in any material respect or prohibits (or, if successful, would restrict or prohibit) the exercise by any party or beneficiary of its rights under this Agreement or the performance by any party of its obligations under this
Agreement. 
 4. Representations and Warranties of the Bondholders. Each Bondholder hereby, severally and not jointly, represents
and warrants to the Company as of the date hereof as follows: 
 (a) Due Organization. If other than a natural person,
such Bondholder is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and has all requisite corporate, partnership or other power and authority to enter into this Agreement and to consummate
the transactions contemplated by, and perform its respective obligations under, this Agreement. 
 (b) Due Authorization;
Binding Agreement. Such Bondholder has full right, power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. This Agreement has been duly and validly authorized, executed and delivered by
such Bondholder and (assuming due authorization, execution and delivery by the Company) constitutes the valid and binding obligation of such Bondholder enforceable against such Bondholder in accordance with its terms, subject to the effects of
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, and general equitable principles (whether considered in a proceeding in equity or at law).

 (c) No Conflicts. None of the execution and delivery of this Agreement by such Bondholder, the consummation of the
transactions contemplated hereby and compliance with the terms hereof by such Bondholder will conflict with, result in any breach or violation of, or default (or an event which, with notice or lapse of time, or both, would constitute a default)
under such Bondholder’s certificate of incorporation, bylaws or other governing instruments, any material contractual obligation to which such 

  

 3 

 
Bondholder is a party or any provision of any law, order, rule or regulation applicable to such Bondholder, except for any such conflicts, violations,
defaults or other occurrences that would not have a material adverse effect on the condition (financial or otherwise) of such Bondholder or prevent, delay or impede the performance by such Bondholder of its obligations under this Agreement. No trust
of which such Bondholder is a trustee requires the consent of any beneficiary to the execution and delivery of this Agreement or to the consummation of the transactions contemplated hereby. No filing with, and no permit, authorization, consent or
approval of, any United States court or governmental agency or body or any other entity is necessary for the execution of this Agreement by such Bondholder and the consummation by such Bondholder of the transactions contemplated hereby, except where
the failure to make such filing or to obtain such permit, authorization, consent or approval would not prevent, delay or impede the performance by such Bondholder of its obligations under this Agreement. 
 (d) Ownership of the Subject Notes. On the Record Date, such Bondholder was and on the date hereof, the Bondholder is, the
beneficial owner of the aggregate principal amount of Notes set forth opposite its name on Annex A hereto (held through the DTC Participant listed on such Annex A). Such Bondholder does not own, beneficially or of record, any Notes of
the Company or securities convertible or exchangeable for Notes of the Company other than as set forth on Annex A hereto. Such Bondholder has the sole right and power to vote and dispose of the Subject Notes, and none of such Subject Notes is
subject to any voting trust or other agreement, arrangement or restriction with respect to the voting or transfer of any of the Subject Notes, except for this Agreement. 
 (e) Litigation. There is no action, suit, investigation, complaint or other proceeding pending against such Bondholder or, to the
knowledge of such Bondholder, threatened against such Bondholder or any other person or entity that restricts in any material respect or prohibits (or, if successful, would restrict or prohibit) the exercise by any party or beneficiary of its rights
under this Agreement or the performance by any party of its obligations under this Agreement. 
 (f) Information. Such
Bondholder (i) has been advised by professional, legal and tax advisors of its choosing and has reviewed, or has had the opportunity to review, with the assistance of such advisors, sufficient information (including all documents filed or
furnished to the Securities and Exchange Commission by the Company) in order to determine whether or not to grant its approval, ratification, confirmation and consent to the Proposed Amendments and (ii) has had sufficient access to the Company
necessary for such Bondholder to make such determination. Such Bondholder acknowledges that the financial statements of the Company are subject to the Restatement, and has granted its approval, ratification, confirmation and consent to the Proposed
Amendments with full knowledge of the pending Restatement. 
 (g) Tax Matters. Such Bondholder acknowledges that the
change in yield on the Notes resulting from the payment of the Fee may result in a deemed exchange for U.S. federal income tax purposes of Notes for new Notes, although the Company does not believe that this will be the case. Although not free from
doubt, if the change in yield 

  

 4 

 
does result in such a deemed exchange, the Company intends to treat the deemed exchange of the Notes for new Notes as a tax-free recapitalization for U.S.
federal income tax purposes. If the deemed exchange qualifies as a tax-free recapitalization and if the Fee is treated as separate consideration, a Bondholder will generally not recognize any gain or loss on the deemed exchange and a
Bondholder’s tax basis and holding period in the new Notes will equal such Bondholder’s adjusted tax basis and holding period in the Notes immediately prior to the adoption of the Proposed Amendments. Such Bondholder further acknowledges
that regardless of whether any deemed exchange qualifies as a tax-free recapitalization, depending on the issue price assigned to the new Notes, a deemed exchange could result in the creation of original issue discount with respect to the new Notes
that, subject to certain offsets, would be includable in the income of a Bondholder subject to U.S. federal income tax on a net income basis over the remaining term of the new Notes in advance of the receipt of cash attributable to such income.
Bondholders should consult their own tax advisors regarding the foregoing matters in light of their particular circumstances. 
 5. Revocation of Consents. The consent granted pursuant to Section 2 hereof shall become null and void and have no further effect if the Supplemental Indenture is not executed by the Company and delivered to the Trustee on
the Effectiveness Date. Nothing in this Section 5 shall relieve any party of liability for breach of this Agreement. 
 6. General Provisions. 
 (a) Effectiveness of
this Agreement. The obligations of the Company pursuant to Section 1 hereof shall become effective on the date (the “Effectiveness Date”) the Company confirms receipt of (i) the consent to the Proposed Amendments of
the holders of not less than a majority of the aggregate principal amount of outstanding Notes and (ii) the consent of the holders of not less than a majority of the aggregate principal amount of the Company’s outstanding 8 7/8% Senior Subordinated Notes due 2011 (the “2011 Notes”) to amendments to the indenture pursuant to
which the 2011 Notes were issued substantially similar to the Proposed Amendments, and, in each case, on such date the holders of the Notes and the 2011 Notes shall no longer have the right to revoke such consent except in accordance with
Section 5 hereof. 
 (b) Amendments, etc. No amendment, modification, termination, or waiver of any
provision of this Agreement, and no consent to any departure by any of the Bondholders or the Company from any provision of this Agreement, shall be effective unless it shall be in writing and signed and delivered by all the Bondholders party hereto
and the Company, and then it shall be effective only in the specific instance and for the specific purpose for which it is given. 
 (c) Disclosure. Each Bondholder hereby consents to public disclosure, including in a press release and a Form 8-K to be filed with the SEC, of the identity of such Bondholder, the aggregate principal amount of Notes that will be
bound by this Agreement and the nature of its commitments, arrangements and understandings pursuant to this Agreement. Each Bondholder agrees that it shall not make any public announcement or public disclosure regarding this Agreement or the
transactions contemplated herein (except to the extent required by applicable law or legal process) without the prior written consent of the Company. 
  

 5 

 (d) Confidentiality. The Company shall, and shall cause its affiliates to, keep
the principal amount of Notes beneficially owned by each Bondholder party hereto strictly confidential; provided, however, that (i) the aggregate principal amount of Notes beneficially owned by the Bondholders party hereto may be disclosed and
(ii) the principal amount of Notes beneficially owned by any Bondholder may only be disclosed (A) with the written consent of such Bondholder; (B) to affiliates, directors, officers, employees and agents of the Company, including
legal counsel, the Trustee and other persons reasonably required in order to enter into the Supplemental Indenture, (C) to the extent required by law, including securities laws, or by subpoena or similar legal process, provided, if appropriate,
that the non-disclosing parties have been given an opportunity to defend, limit or protect such disclosure, (D) in connection with any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder or (E) to
the extent such terms (x) become publicly available other than as a result of a breach of this Section 6(d) or (y) become available to the disclosing party on a non-confidential basis from a source other than the non-disclosing
parties. 
 (e) Notice. All notices and other communications hereunder shall be in writing and shall be deemed given if
delivered personally, telecopied (with confirmation), mailed by registered or certified mail (return receipt requested) or delivered by an express courier (with confirmation) to the Company at 1000 American Media Way, Boca Raton, Florida 33464,
Attention: Chief Financial Officer, Telephone: (561) 997-7733, Facsimile: (561) 998-7492, with a copy to Ken Wallach at Simpson Thacher & Bartlett LLP, 425 Lexington Avenue, New York, New York 10017, Telephone (212) 455-2000,
Facsimile: (212) 455-2502, and to each Bondholder at the address set forth under such Bondholder’s name in Annex A hereto (or at such other address for a party as shall be specified by like notice). 
 (f) Severability. Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that
jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or
provisions of this Agreement in any other jurisdiction. 
 (g) Governing Law. This Agreement shall be governed by, and
construed in accordance with, the laws of the State of New York. 
 (h) Entire Agreement. This Agreement embodies the
entire agreement and understanding of the Bondholders and the Company, and supersedes all prior agreements or understandings, with respect to the subject matter of this Agreement. Notwithstanding the foregoing, capitalized terms used but not defined
in this Agreement have the meanings assigned to such terms in the Indenture. 
  

 6 

 (i) Specific Performance; Enforcement. Each of the parties hereto recognizes and
acknowledges that a breach by it of any covenants or agreements contained in this Agreement will cause the other party to sustain damages for which it would not have an adequate remedy at law for money damages, and therefore, each of the parties
hereto agrees that in the event of any such breach the aggrieved party shall be entitled to the remedy of specific performance of such covenants and agreements and injunctive and other equitable relief in addition to any other remedy to which it may
be entitled, at law or in equity. The parties agree that they shall be entitled to enforce specifically the terms and provisions of this Agreement in the courts of the State of New York and any Federal court, sitting in the state of New York, this
being in addition to any other remedy to which they are entitled at law or in equity. In addition, each of the parties hereto (i) consents to submit such party to the personal jurisdiction of any Federal court located in the State of New York
or any New York state court in the event any dispute arises out of this Agreement or any of the transactions contemplated hereby, (ii) agrees that such party will not attempt to deny or defeat such personal jurisdiction by motion or other
request for leave from any such court, (iii) agrees that such party will not bring any action relating to this Agreement or the transactions contemplated hereby in any court other than a Federal court sitting in the state of New York or a New
York state court and (iv) waives any right to trial by jury with respect to any claim or proceeding related to or arising out of this Agreement or any of the transactions contemplated hereby. 
 (j) Counterparts; Facsimile. This Agreement may be executed in counterparts, all of which shall be considered one and the same
agreement, and shall become effective when counterparts have been signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same counterpart. This Agreement may be executed by facsimile
signatures of the parties hereto. 
 [Signature page follows] 
  

 7 

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as of the date first written above. 
  

			
	AMERICAN MEDIA OPERATIONS, INC.
		
	By:	 	 /s/ Michael Kahane

	Name:	 	Michael Kahane
	Title:	 	 Executive Vice President, General
 Counsel & Secretary

		 

  
 [10 1/4% Notes Consent Agreement Signature Page] 

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as the date first written above. 
  

			
	Feingold O’Keefe Select Opportunity Fund Ltd
		
	by:	 	/s/ Andrea Feingold
	Name:	 	Andrea Feingold
	Title:	 	Director

 [101⁄4% Notes Consent Agreement Signature Page] 
 
  

			
	Feingold O’Keefe Master Fund, Ltd
		
	by:	 	/s/ Andrea Feingold
	Name:	 	Andrea Feingold
	Title:	 	Director

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as the date first written above. 
  

			
	Babson Capital Management LLC
		
	by:	 	/s/ Sophia E. P. Petrillo
	Name:	 	Sophia E. P. Petrillo
	Title:	 	Analyst
	
	 For and on behalf of:
 Perseus CBO

Antares Funding, LP
 Winterset Fund

 [101⁄4% Notes Consent Agreement Signature Page] 

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as the date first written above. 
  

			
	OPPENHEIMERFUNDS, INC., as Sub-Adviser to each of ING OPPENHEIMER STRATEGIC INCOME PORTFOLIO AND MASSMUTUAL PREMIER STRATEGIC INCOME FUND
		
	by:	 	/s/ Thomas Swaney
	Name:	 	Thomas Swaney
	Title:	 	Portfolio Manager
	
	OPPENHEIMERFUNDS, INC., as Investment Adviser to each of OPPENHEIMER CHAMPION INCOME FUND, OPPENHEIMER STRATEGIC INCOME FUND, OPPENHEIMER STRATEGIC BOND FUND/VA, and OPPENHEIMER HIGH
INCOME FUND/VA
		
	by:	 	/s/ Thomas Swaney
	Name:	 	Thomas Swaney
	Title:	 	Portfolio Manager

 [101⁄4% Notes Consent Agreement Signature Page] 

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as of the date first written above. 
  

			
	 PRESIDENT & FELLOWS OF HARVARD
     COLLEGE

		
	By:	 	Regiment Capital Management, LLC, as its Investment Advisor
		
	By:	 	Regiment Capital Advisors, LP, its Manager and pursuant to delegated authority
		
	By:	 	 /s/ Mark A. Brostowski

		 	 Mark A. Brostowski

		 	 Authorized Signatory

	
	REGIMENT CAPITAL LTD.
		
	By:	 	Regiment Capital Management, LLC, as its Investment Advisor
		
	By:	 	Regiment Capital Advisors, LP, its Manager and pursuant to delegated authority
		
	By:	 	 /s/ Mark A. Brostowski

	Name:	 	 Mark A. Brostowski

	Title:	 	 Authorized Signatory

	
	XL Investment Management Ltd
		
	By:	 	Regiment Capital Management, LLC, as its Investment Advisor
		
	By:	 	Regiment Capital Advisors, LP, its Manager and pursuant to delegated authority
		
	By:	 	 /s/ Mark A. Brostowski

		 	 Mark A. Brostowski

		 	 Authorized Signatory

 [101⁄4% Notes Consent Agreement Signature Page] 
  

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as of the date first written above. 
  

			
	 The Prudential Insurance Company of America

		
	By:	 	Prudential Investment Management, Inc., as investment advisor
		
	By:	 	 /s/ Michael C. Collins

	Name:	 	 Michael C. Collins

	Title :	 	Vice President

 [101⁄4% Notes Consent Agreement Signature Page] 

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as of the date first written above. 
  

			
	 Pruco Life of Arizona

		
	By:	 	Prudential Investment Management, Inc., as investment advisor
		
	By:	 	 /s/ Michael Collins

	Name:	 	 Michael Collins

	Title :	 	Vice President

 [101⁄4% Notes Consent Agreement Signature Page] 

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as of the date first written above. 
  

			
	 TCW Asset Management Co.

		
	By:	 	 /s/ James M. Hassett

	Name:	 	James M. Hassett
	Title:	 	Managing Director
	
	 For and on behalf of:
 TCW Absolute Return
Credit Fund
 TCW High Income Partners

 [101⁄4% Notes Consent Agreement Signature Page] 
  

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as of the date first written above. 
  

			
	DB Global Masters (CQ) Capital Fund Ltd.
		
	By:	 	 /s/ Qing Sheng

	Name:	 	 Qing Sheng

	Title:	 	 PM

 [101⁄4% Notes Consent Agreement Signature Page] 
  

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as of the date first written above. 
  

			
	 STONEGATE CAPITAL MANAGEMENT, LLC

		
	By :	 	 /s/ Brian Hessel

	Name:	 	Brian Hessel
	Title:	 	Managing Partner
	
	 For and on behalf of 

	 Stonegate Credit Opportunities Master Fund, Ltd.

	 JWS CBO 2000-1, Ltd.

 [101⁄4% Notes Consent Agreement Signature Page] 
  

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as the date first written above. 
  

			
	Capital Research and Management Company, as Investment Advisor for certain Accounts it manages
		
	by:	 	 /s/ Abner D. Goldstine

	Name:	 	Abner D. Goldstine
	Title:	 	Senior Vice President
	
	 For and on behalf of:

	 American High-Income Trust
 The Bond Fund of
America, Inc.
 The Income Fund of America, Inc.
 American Funds
Insurance Series-Asset Allocation
 American Funds Insurance Series High-Income Bond Fund
 Capital World Bond Fund, Inc.
 American Funds Insurance Series-Global Bonds

 [101⁄4% Notes Consent Agreement Signature Page] 
  

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as the date first written above. 
  

			
	Madison Ridge Capital, LLC
		
	by:	 	 /s/ Andrew Lee

	Name:	 	Andrew Lee
	Title:	 	Principal
	
	 For and on behalf of:

	 Madison Ridge Mast Fund, Ltd.

 [101⁄4% Notes Consent Agreement Signature Page] 
  

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as the date first written above. 
  

			
	Capital Guardian Trust Company, as Investment Advisor for certain accounts it manages
		
	by:	 	 /s/ Christopher D. Chen

	Name:	 	Christopher D. Chen
	Title:	 	Vice President
	
	 For and on behalf of:

	 Alaska Permanent Fund High Yield-Fixed
 Income
 Robert Bosch
 Capital Guardian Global High-Yield
Fixed
 Income Fund
 Capital Guardian U.S. High
Yield-Fixed-
 Income Fund Semi-Monthly Valued
 Next Generation
Trust
 PFA Pension
 Qualcomm, Inc
 Capital International Fund Global-
 High Yield Fund

 [101⁄4% Notes Consent Agreement Signature Page] 
  

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as the date first written above. 
  

			
	Putnam Investments
		
	by:	 	 /s/ Robert J. Black

	Name:	 	Robert J. Black
	Title:	 	Corporate Actions Supervisor

 [101⁄4% Notes Consent Agreement Signature Page] 

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as the date first written above. 
  

			
	Blackport Capital Fund Ltd
		
	by:	 	 /s/ John Dionne

	Name:	 	John Dionne
	Title:	 	Senior Managing Director

 [101⁄4% Notes Consent Agreement Signature Page] 

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as the date first written above. 
  

			
	Blackrock
		
	by:	 	 /s/ Brianne E. Powers

	Name:	 	Brianne E. Powers
	Title:	 	Corporate Actions Associate
	
	 For and on behalf of:

	 Corporate High Yield Funds, Inc.
 Corporate
High Yield Fund III, Inc.
 Corporate High Yield Fund VI, Inc.
 Corporate High Yield Fund V, Inc
 Blackrock Strategic bond Trust
 Blackrock Core Bond Trust
 Blackrock High Yield Trust
 Blackrock Limited Duration Income Trust
 Blackrock Income Opportunity Trust
 Blackrock High Income Shares

 [101⁄4% Notes Consent Agreement Signature Page] 

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as the date first written above. 
  

			
	Silver Oak Capital, LLC
		
	by:	 	 /s/ Fred Berger

	Name:	 	Fred Berger
	Title:	 	Manager
	
	 For and on behalf of:

	 AG CNG FUND, LP
 AG MM LP
 PHS Bay Colony Fund, LP
 AG Capital Recovery V Master Account LP
 AG Eleven Partners LP
 GAM Arbitrage Investments Inc.
 AG Garden Partners LP
 AG Super Fund International Partners LP
 Nutmeg Partners LP
 PHS Patriot Fund LP
 AG Princess LP
 AG Super fund LP

 [101⁄4% Notes Consent Agreement Signature Page] 

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as the date first written above. 
  

			
	USAA High Yield Opportunities Fund
		
	by:	 	 /s/ R. Matthew Freund

	Name:	 	R. Matthew Freund
	Title:	 	Vice President

 [101⁄4% Notes Consent Agreement Signature Page] 

 IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its
behalf as of the date first written above. 
  

			
	 Credit Suisse 

		
	By:	 	 /s/ Teri La Barbera

	Name:	 	Teri La Barbera
	Title:	 	Vice President

 [101⁄4% Notes Consent Agreement Signature Page] 
  

 Annex A 

 Annex B 
 Form of Supplemental Indenture

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