Document:

Ex-10.1

 

Exhibit
10.1

EXECUTION COPY

          FIRST AMENDMENT dated as of April 24, 2006 (this “Amendment”), to the CREDIT AGREEMENT
dated as of September 9, 2003, as amended and restated as of January 31, 2006 (as amended.
supplemented or otherwise modified from time to time, the “Credit Agreement”), among DEX
MEDIA, INC., DEX MEDIA WEST, INC., DEX MEDIA WEST LLC (the “Borrower”), the lenders from
time to time party thereto (the “Lenders”), JPMORGAN CHASE BANK, N.A., as administrative
agent and collateral agent (in such capacities, the “Agent”), and the other agents parties
thereto.

          A. Capitalized terms used herein and not otherwise defined herein shall have the meanings
assigned to such terms in the Credit Agreement.

          B. The Borrower, the Parent and Holdings have requested that the Credit Agreement be amended
so as to provide for (i) a new tranche of term loans thereunder (the “New Tranche B-2 Term
Loans”), the proceeds of which, together, if necessary, with other available funds of the
Borrower, will be used to refinance all currently outstanding Tranche B Term Loans and which,
except as revised hereby, will have the same terms as the currently outstanding Tranche B-1 Term
Loans under the Credit Agreement, (ii) modifications to the Applicable Rate for New Tranche B-2
Term Loans.

          C. Each existing Tranche B Lender (an “Existing Tranche B Term Lender”) that executes
and delivers a signature page to this Amendment (a “Lender Addendum”) and agrees to convert
its outstanding Tranche B Term Loans to New Tranche B-2 Term Loans (a “Converting Tranche B-2
Term Lender”) will be deemed (i) to have agreed to the terms of this Amendment, (ii) to have
agreed to convert its Tranche B Term Loans (“Existing Tranche B Term Loans”) outstanding on
the Amendment Effective Date (as defined herein) into New Tranche B-2 Term Loans in an aggregate
principal amount up to, but not in excess of, the aggregate principal amount of such Existing
Tranche B Term Loans, and (iii) upon the Amendment Effective Date, to have converted such amount of
its Existing Tranche B Term Loans as is determined by J.P. Morgan Securities Inc., as sole lead
arranger and bookrunner for this Amendment (in such capacity, the “Lead Arranger”), and the
Borrower and notified to such Existing Tranche B Term Lender into New Tranche B-2 Term Loans in an
equal principal amount.

          D. Each Person (other than a Converting Tranche B-2 Term Lender in its capacity as such) that
executes and delivers a Lender Addendum and agrees to make New Tranche B-2 Term Loans (an
“Additional Tranche B-2 Term Lender”), including any Existing Tranche B Term Lender that
notifies the Lead Arranger that it does not want to be a Converting Tranche B-2 Term Lender but is
willing to undertake a commitment to make and fund New Tranche B-2 Term Loans, will be deemed (i)
to have agreed to the terms of this Amendment and (ii) to have committed to make New Tranche B-2
Term Loans to the Borrower on the Amendment Effective Date (“Additional Tranche B-2 Term
Loans”), in such amounts (not in excess of any such commitment) as are determined by the Lead
Arranger and the Borrower and notified to such Additional Tranche B-2 Term Lender. The proceeds of
such Additional Tranche B-2 Term Loans will be used by the Borrower, together, if necessary, with
other available cash, to repay in full the outstanding principal amount of Existing Tranche B Term
Loans that are not converted by Converting Tranche B-2 Term Lenders into New Tranche B-2 Term
Loans.

 

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          E. Each Lender other than a Converting Tranche B-2 Term Lender or an Additional Tranche B-2
Term Lender, including any Existing Tranche B Term Lender that executes and delivers a Lender
Addendum solely in the capacity of an Existing Tranche B Term Lender and not specifically as a
Converting Tranche B-2 Term Lender or an Additional Tranche B-2 Term Lender, will be deemed to have
agreed to the terms of this Amendment but will not be deemed thereby to have agreed to convert
Existing Tranche B Term Loans into New Tranche B-2 Term Loans or to have made any commitment to
make New Tranche B-2 Term Loans.

          F. The Lenders are willing, subject to the terms and conditions set forth in this Amendment,
to effect such amendments to the Credit Agreement.

          G. The Converting Tranche B-2 Term Lenders and the Additional Tranche B-2 Term Lenders
(collectively, the “New Tranche B-2 Term Lenders”) are severally willing to convert their
Existing Tranche B Term Loans into New Tranche B-2 Term Loans or to make New Tranche B-2 Term
Loans, as the case may be, subject to the terms and conditions set forth in this Amendment.

          Accordingly, in consideration of the foregoing and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

          SECTION 1. Amendments to the Credit Agreement. Effective as of the Amendment Effective
Date:

          (a) the definition of each of the following terms in Section 1.01 of the Credit Agreement is
amended to read in its entirety as follows:

          “Applicable Rate” means, for any day:

     (a) with respect to any Tranche B-1 Term Loan or Tranche B-2 Term Loan, 0.50% per
annum, in the case of an ABR Loan, and 1.50% per annum, in the case of a Eurodollar Loan;

     (b) with respect to any Revolving Loan or Tranche A Term Loan, 0.25% per annum, in the
case of an ABR Loan, and 1.25% per annum, in the case of a Eurodollar Loan;

     (c) with respect to the commitment fees payable hereunder, 0.375% per annum.

     “Interest Payment Date” means (a) with respect to any ABR Loan (including any
Swingline Loan), the last day of each March, June, September and December and (b) with
respect to any Eurodollar Loan, the last day of the Interest Period applicable to the
Borrowing of which such Loan is a part and, in the case of a Eurodollar Borrowing with an
Interest Period of more than three months’ duration, each day prior to the last day of such
Interest Period that occurs at intervals of three months’ duration after the first day of
such Interest Period.

 

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     “Tranche B-2 Term Loans” means a Loan made pursuant to clause (c) of Section
2.01.

          (b) Section 1.01 of the Credit Agreement is amended to add definitions of the following terms
in appropriate alphabetical order:

     “First Amendment” means the First Amendment dated as of April 24, 2006, to this
Agreement.

     “Refinancing Date” means the date on which Tranche B-2 Term Loans are made
pursuant to Section 3 of the First Amendment.

     “Tranche B-2 Undertaking” means, with respect to each Lender, the agreement, if
any, of such Lender to make, or convert an existing term loan into, a Tranche B-2 Term Loan
pursuant to Section 3 of the First Amendment on the Refinancing Date. The amount of each
Lender’s Tranche B-2 Undertaking is set forth on Schedule 2.01. The aggregate amount of the
Lenders’ Tranche B-2 Undertakings on the Refinancing Date was $834,325,808.99.

          (c) Section 2.01 of the Credit Agreement is amended by relettering paragraph (c) thereof as
paragraph (d) and by inserting the following new paragraph (c):

     “(c) Subject to the terms and conditions set forth in the First Amendment, each Lender
has agreed to make, or acquire through conversion of existing term loans, a Tranche B-2 Term
Loan to the Borrower on the Refinancing Date in a principal amount equal to its Tranche B-2
Undertaking.”

          (d) Section 2.02(c) of the Credit Agreement is amended by restating the third sentence thereof
as follows:

     “Each Swingline Loan shall be in an amount that is an integral multiple of $500,000.”

          (e) Section 2.04 of the Credit Agreement is amended by restating paragraph (a)(i) to read as
follows:

     “(i) the
aggregate principal amount of outstanding Swingline Loans exceeding $25,000,000 or”

     (f) Section 2.08(a) of the Credit Agreement is amended to read as follows:

     “Section 2.08. Termination and Reduction of Commitments. (a) To the extent
not previously terminated, the Tranche B-1 Commitments shall terminate at 5:00 p.m., New
York City time, on June 30, 2006, The Tranche B Undertakings shall terminate at 5:00 p.m.,
New York City time, on the Refinancing Date, and the Revolving Commitments shall terminate
on the Revolving Maturity Date.”

 

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          (g) Section 2.11 of the Credit Agreement is amended by (i) replacing the proviso to the second
sentence of paragraph (f) thereof with the following proviso:

     “provided that, (i) the proceeds of the Tranche B-2 Term Loans made on the
Refinancing Date, together with such additional amounts as may be necessary, shall be
applied to the repayment of all Tranche B Term Loans outstanding immediately prior to the
Refinancing Date and (ii) so long as and to the extent that any Tranche A Term Borrowings
remain outstanding, any Tranche B-1 Lender or Tranche B-2 Lender, as the case may be, may
elect, by notice to the Administrative Agent by telephone (confirmed by telecopy) at least
one Business Day prior to the prepayment date (with reference to any prepayment after the
Refinancing Date), to decline all or any portion of any prepayment of its Tranche B-1 Term
Loans or Tranche B-2 Term Loans pursuant to this Section (other than an optional prepayment
pursuant to paragraph (a) of this Section, which may not be declined), in which case the
aggregate amount of the prepayment that would have been applied to prepay Tranche B-1 Term
Loans or Tranche B-2 Term Loans, as the case may be, but was so declined shall be applied to
prepay Tranche A Term Borrowings.”

     (ii) restating the first sentence of paragraph (g) thereof as follows:

     “(g) The Borrower shall notify the Administrative Agent (and, in the case of
prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy)
of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not
later than 2:00 p.m., New York City time, three Business Days before the date of prepayment,
(ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City
time, on the date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not
later than 3:00 p.m., New York City time, on the date of prepayment.”

     (iii) inserting new paragraph (h) as follows:

     “Any prepayment of the Tranche B-1 Term Loans or Tranche B-2 Term Loans effected on or
prior to the first anniversary of the “Amendment Effective Date” under the First Amendment
with the proceeds of a substantially concurrent issuance or incurrence of new term loans
which both (x) are incurred for the primary purpose of refinancing such Term Loans and
decreasing the Applicable Rate with respect thereto, and (y) otherwise have terms and
conditions (and are in an aggregate principal amount) substantially the same as those of
such Term Loans, shall be accompanied by a prepayment fee equal to 1% of the amount
prepaid.”

          (h) Section 5.01(e) of the Credit Agreement is amended by deleting the words “broken down by
month and” from the parenthetical contained therein.

          (i) Section 5.11 of the Credit Agreement is amended by inserting the following sentence after
the first sentence thereof: “The proceeds of the Tranche B-2 Term Loans made on the Refinancing
Date will be used only to refinance Tranche B Term Loans

 

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outstanding immediately prior to the Refinancing Date and to pay fees and expenses in
connection therewith.”

          (j) Section 6.05 of the Credit Agreement is amended by (i) deleting the word “and” after
paragraph (h) thereof, (ii) inserting the word “and” after paragraph (i) thereof and (iii) adding
the following new paragraph (j):

     “(j) Other Dispositions of assets (including to Affiliates without regard to the
requirements of Section 6.09) not otherwise permitted by this section; provided that
the aggregate cumulative fair market value of all assets sold, transferred or otherwise
disposed of in reliance upon this clause (j) shall not exceed $5,000,000 in any year;

          (k) Section 6.05 of the Credit Agreement is amended by deleting the first parenthetical in the
proviso at the end of the first such Section and inserting the following in lieu thereof:

          “(other than pursuant to clauses (a)(y), (b), (e) and (j) above)”

          (l) Schedule 2.01 of the Credit Agreement is deleted and replaced in its entirety with a new
Schedule 2.01 that will, upon completion of the allocations of Tranche B-2 Undertakings in
accordance with the terms hereof, set forth each Lender’s Tranche A Commitment, Tranche B-1
Commitment, Tranche B-2 Undertaking and Revolving Commitment, and shall be furnished to each New
Tranche B-2 Term Lender promptly upon the completion of such allocations.

          SECTION 2. Representations and Warranties. To induce the other parties hereto to enter into
this Amendment, each of the Borrower, the Parent and Holdings represents and warrants to each of
the Lenders, the Additional Tranche B-2 Term Lenders and the Agent that, as of the Amendment
Effective Date:

          (a) This Amendment has been duly authorized, executed and delivered by it and this Amendment
and the Credit Agreement, as amended hereby, constitutes its valid and binding obligation,
enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency,
reorganization, moratorium or other laws affecting creditors’ rights generally and subject to
general principles of equity, regardless of whether considered in a proceeding in equity or at law.

          (b) The representations and warranties set forth in Article III of the Credit Agreement are
true and correct in all material respects on and as of the Amendment Effective Date with the same
effect as though made on and as of the Amendment Effective Date, except to the extent such
representations and warranties expressly relate to an earlier date (in which case such
representations and warranties were true and correct in all material respects as of such earlier
date); provided that the foregoing representation is made by the Parent only in respect of
the representations and warranties set forth in Sections 3.01, 3.02, 3.03. 3.08. 3.09 and 3.12 of
the Credit Agreement.

          (c) No Default or Event of Default has occurred and is continuing.

 

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          SECTION 3. New Tranche B-2 Term Loans. (a) Subject to the terms and conditions set
forth herein, (i) each Converting Tranche B-2 Term Lender agrees to convert its Existing Tranche B
Term Loans into New Tranche B-2 Term Loans on the Amendment Effective Date in amounts equal to its
Tranche B-2 Undertaking and (ii) each Additional Tranche B-2 Term Lender agrees to make New Tranche
B-2 Term Loans to the Borrower on the Amendment Effective Date in amounts equal to its Tranche B-2
Undertaking. Each Additional Tranche B-2 Term Lender will make New Tranche B-2 Term Loans on the
Amendment Effective Date by transferring to the Agent, in the manner contemplated by Section 2.06
of the Credit Agreement, an amount equal to the amount of its Tranche B-2 Undertaking. Any portion
of an Existing Tranche B Term Loan converted by a Converting Tranche B-2 Term Lender into a New
Tranche B-2 Term Loan as contemplated hereby is referred to herein as a “Converted Loan”.
The “Tranche B-2 Undertaking” (i) of any Converting Tranche B-2 Term Lender will be such
amount of its Existing Tranche B Term Loans to be converted into an equal amount of New Tranche B-2
Term Loans, as is determined by the Lead Arranger and the Borrower and notified to such Lender
prior to the Amendment Effective Date, and (ii) of any Additional Tranche B-2 Term Lender will be
the amount (not exceeding any commitment offered by such Additional Tranche B-2 Term Lender)
allocated to it by the Lead Arranger and the Borrower and notified to it prior to the Amendment
Effective Date. The new Schedule 2.01 of the Credit Agreement contemplated by Section 1(k) hereof
will separately set forth (i) the Tranche B-2 Undertaking of each Converting Tranche B-2 Term
Lender and (ii) the Tranche B-2 Undertaking of each Additional Tranche B-2 Term Lender. The
commitments of the Additional Tranche B-2 Term Lenders and the conversion undertakings of the
Converting Tranche B-2 Term Lenders are several and no such Lender will be responsible for any
other Lender’s failure to make or acquire by conversion New Tranche B-2 Term Loans.

          (b) Notwithstanding anything herein or in the Credit Agreement to the contrary, the aggregate
principal amount of the New Tranche B-2 Term Loans will not exceed the aggregate principal amount
of the Existing Tranche B Term Loans immediately prior to the Amendment Effective Date.

          (c) The obligation of each New Tranche B-2 Term Lender to make or acquire by conversion New
Tranche B-2 Term Loans on the Amendment Effective Date is subject to the satisfaction of the
following conditions:

     (i) The conditions set forth in Section 4.01 of the Credit Agreement shall be
satisfied on and as of the Amendment Effective Date, and the Agent shall have
received a certificate of a Financial Officer, dated the Amendment Effective Date,
to such effect.

     (ii) The Agent shall have received a favorable legal opinion of Jones Day,
counsel to the Borrower, Holdings and the Parent, addressed to the Agent and the New
Tranche B-2 Term Lenders and dated the Amendment Effective Date, covering such
matters relating to the New Tranche B-2 Term Loans, this Amendment, the Credit
Agreement as amended hereby, and the other Loan Documents and security interests
thereunder as the Agent may reasonably request, and such opinion shall be reasonably
satisfactory to the Agent.

 

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     (iii) The Agent shall have received such documents and certificates as the
Agent or its counsel may reasonably request relating to the organization, existence
and good standing of each Loan Party, the authorization of this Amendment and the
transactions contemplated hereby and any other legal matters relating to the Loan
Parties, this Amendment, the other Loan Documents and the transactions contemplated
hereby, all in form and substance reasonably satisfactory to the Agent.

     (iv) To the extent deemed necessary or appropriate by the Agent, each Security
Document shall have been amended to provide the benefits thereof to the New Tranche
B-2 Term Lenders on the same basis as such benefits are provided to the Existing
Tranche B Term Lenders.

     (v) Each Loan Party that has not executed and delivered this Amendment shall
have entered into a written instrument reasonably satisfactory to the Agent pursuant
to which it confirms that it consents to this Amendment and the New Tranche B-2 Term
Loans and that the Security Documents to which it is party will continue to apply in
respect of the Credit Agreement, as amended hereby, and the Obligations of such Loan
Party.

     (vi) The aggregate amount of the Tranche B-2 Undertakings of the Additional
Tranche B-2 Term Lenders, plus the amount of any cash available to be used to prepay
Existing Tranche B Term Loans, shall equal or exceed the aggregate principal amount
of the Existing Tranche B Term Loans other than Converted Loans.

     (vii) The Agent shall have received evidence that the Borrower has made the
payments referred to in Section 3(e) or is making such payments on the Amendment
Effective Date with the proceeds of the Additional Term Loans and such other funds
as may be required.

     (viii) The conditions to effectiveness of this Amendment set forth in Section 4
hereof shall have been satisfied.

          (d) All New Tranche B-2 Term Loan Eurocurrency Borrowings made on the Amendment Effective Date
shall have initial Interest Periods ending on the same dates as the Interest Periods applicable to
the Existing Tranche B Term Loan Borrowings being refinanced, and the Adjusted LIBOR Rates
applicable to such New Tranche B-2 Term Loan Borrowings during such initial Interest Periods shall
be the same as those applicable to the Existing Tranche B Term Loan Borrowings being refinanced.
For purposes of the foregoing, such Interest Periods shall be assigned to the Additional Tranche
B-2 Term Loans of each Additional Tranche B-2 Term Lender in the same proportion that such Interest
Periods applied to the Existing Tranche B Term Loans on the Amendment Effective Date. The Borrower
will not be required to make any payments to Converting Tranche B-2 Term Lenders under Section 2.16
of the Credit Agreement in connection with the conversion of their Existing Tranche B Term Loans
into New Tranche B-2 Term Loans.

 

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          (e) On the Amendment Effective Date, the Borrower shall apply the proceeds of the Additional
Tranche B-2 Term Loans and such other amounts as may be necessary to (i) prepay in full all
Existing Tranche B Term Loans (other than Converted Loans), (ii) pay all accrued and unpaid
interest on all Existing Tranche B Term Loans and (iii) pay to each Existing Tranche B Term Lender
all amounts payable pursuant to Section 2.16 of the Credit Agreement as a result of the prepayment
of such Lender’s Existing Tranche B Term Loans (other than Converted Loans) and all other
Obligations then due and owing to such Lenders under the Credit Agreement in their capacities as
such.

          (f) On and after the Amendment Effective Date, each reference in the Credit Agreement to
“Tranche B Term Loans” (other than the definition of “Tranche B Term Loan”) shall be deemed a
reference to the New Tranche B-2 Term Loans contemplated hereby. Notwithstanding the foregoing,
the provisions of the Credit Agreement with respect to indemnification, reimbursement of costs and
expenses, increased costs and break funding payments shall continue in full force and effect with
respect to, and for the benefit of each Lender that was an Existing Tranche B Term Lender prior to
the Amendment Effective Date, but that is not a New Tranche B-2 Lender.

          SECTION 4. Effectiveness of Amendment. This Amendment shall become effective as of the
first date (the “Amendment Effective Date”) on which the following conditions have been
satisfied:

     (i) The Agent (or its counsel) shall have received duly executed counterparts
hereof that, when taken together, bear the signatures of (A) the Borrower, the
Parent and Holdings, (B) the Required Lenders, (C) each Converting Tranche B-2 Term
Lender and (D) each Additional Tranche B-2 Term Lender.

     (ii) The conditions set forth in Section 3(c) hereof shall have been satisfied
and the Borrower shall have made the payments required to be made by Section 3(e)
hereof.

     (iii) To the extent invoiced, the Agent shall have received payment or
reimbursement of its reasonable out-of-pocket expenses in connection with this
Amendment and any other out-of-pocket expenses of the Agent required to be paid or
reimbursed pursuant to the Credit Agreement, including the reasonable fees, charges
and disbursements of counsel for the Agent.

          SECTION 5. Effect of Amendment. (a) Except as expressly set forth herein, this
Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise
affect the rights and remedies of the Lenders or the Agent under the Credit Agreement or any other
Loan Document, and shall not alter, modify, amend or in any way affect any of the terms,
conditions, obligations, covenants or agreements contained in the Credit Agreement or any other
provision of the Credit Agreement or of any other Loan Document, all of which are ratified and
affirmed in all respects and shall continue in full force and effect. Nothing herein shall be
deemed to entitle the
Borrower to a consent to, or a waiver, amendment, modification or

 

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other change of, any of the
terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any
other Loan Document in similar or different circumstances.

          (b) On and after the Amendment Effective Date, each reference in the Credit Agreement to “this
Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, and each reference to the
Credit Agreement in any other Loan Document shall be deemed a reference to the Credit Agreement as
amended hereby. This Amendment shall constitute a “Loan Document” for all purposes of the Credit
Agreement and the other Loan Documents.

          SECTION 6. Governing Law. This Amendment shall be governed by and construed in
accordance with the laws of the State of New York.

          SECTION 7. Costs and Expenses. The Borrower agrees to reimburse the Agent for its
reasonable out of pocket expenses in connection with this Amendment, including the reasonable fees,
charges and disbursements of counsel for the Agent.

          SECTION 8. Counterparts. This Amendment may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so executed and
delivered shall be deemed an original, but all such counterparts together shall constitute but one
and the same instrument. Delivery of any executed counterpart of a signature page of this Amendment
by facsimile or electronic transmission shall be as effective as delivery of a manually executed
counterpart hereof.

          SECTION 9. Headings. The headings of this Amendment are for purposes of reference
only and shall not limit or otherwise affect the meaning hereof.

 

 

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

	 	 	 	 	 	 	 	 	 	 	 
	 	 	DEX MEDIA WEST LLC,  
	 	 	 	 	by	 	/s/ Robert J. Bush	 	 
	 	 	 	 	 	 	   	 	 
	 

	 	 	 	 	 	Name:	 	Robert J. Bush	 	 
	 

	 	 	 	 	 	Title:	 	Vice President and Secretary	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	DEX MEDIA WEST, INC.,
	 	 	 	 	by	 	/s/ Robert J. Bush	 	 
	 	 	 	 	 	 	   	 	 
	 

	 	 	 	 	 	Name:	 	Robert J. Bush	 	 
	 

	 	 	 	 	 	Title:	 	Vice President and Secretary	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	DEX MEDIA, INC.,
	 	 	 	 	by	 	/s/ Robert J. Bush	 	 
	 	 	 	 	 	 	   	 	 
	 

	 	 	 	 	 	Name:	 	Robert J. Bush	 	 
	 

	 	 	 	 	 	Title:	 	Vice President and Secretary	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A.
	 	 	 	 	by	 	/s/ Peter B. Thauer	 	 
	 	 	 	 	 	 	   	 	 
	 

	 	 	 	 	 	Name:
	 	Peter B. Thauer	 	 
	 

	 	 	 	 	 	Title:
	 	Vice President	 	 

Signature Page to First AmendmentEx-10.2

 

Exhibit
10.2

EXECUTION COPY

          REAFFIRMATION AGREEMENT, dated as of April 24, 2006 (as amended, supplemented or otherwise
modified from time to time, this “Reaffirmation”), among Dex Media, Inc., a Delaware
corporation (“Parent”), Dex Media West, Inc., a Delaware corporation (“Holdings”),
Dex Media West LLC, a Delaware limited liability company (the “Borrower”), Dex Media West
Finance Co., a Delaware corporation (collectively, the “Reaffirming Parties”), and JPMorgan
Chase Bank, N.A., as collateral agent (in such capacity, the “Collateral Agent”) under the
Existing Credit Agreement referred to below. All capitalized terms used but not defined herein
shall have the respective meanings provided such terms in the Amended Credit Agreement referred to
below.

          WHEREAS, Parent, Holdings, the Borrower, the lenders from time to time party thereto and
JPMorgan Chase Bank, N.A., as Administrative Agent, are parties to the Credit Agreement, dated as
of September 9, 2003, as amended and restated as of January 31, 2006 (as amended, supplemented or
otherwise modified from time to time, the “Existing Credit Agreement”);

          WHEREAS, each of the Reaffirming Parties is party to one or more of the Loan Documents and the
Affiliate Subordination Agreement;

          WHEREAS, pursuant to the First Amendment, dated as of April 24, 2006 (the “First
Amendment”), the parties thereto have agreed to amend the Existing Credit Agreement (as
amended, the “Amended Credit Agreement”);

          WHEREAS, the execution and delivery of this Reaffirmation is a condition precedent to the
effectiveness of the First Amendment; and

          WHEREAS, each Reaffirming Party expects to realize, or has realized, substantial direct and
indirect benefits as a result of the First Amendment becoming effective and the consummation of the
transactions contemplated thereby, including the making of the Tranche B-2 Term Loans;

          NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

ARTICLE I

Reaffirmation

          SECTION 1.01.   Reaffirmation. Each of the Reaffirming Parties hereby consents to the
First Amendment and the transactions contemplated thereby, including the making of the Tranche B-2
Term Loans, and hereby confirms its respective agreements, guarantees, pledges and grants of
security interests, as applicable, under each of the Loan Documents to which it is party and the
Affiliate Subordination Agreement, as applicable, and agrees that, notwithstanding the effectiveness of
the First Amendment and the making of the Tranche B-2 Term Loans, such

 

 

agreements, guarantees,
pledges and grants of security interests, as applicable, shall continue to be in full force and
effect and shall accrue to the benefit of the Secured Parties. Each of the Reaffirming Parties
further agrees to take any action that may be required or that is reasonably requested by the
Administrative Agent to ensure compliance by the Borrower with Section 5.13 of the Amended Credit
Agreement and hereby reaffirms its obligations under each similar provision of each Loan Document
to which it is party and the Affiliate Subordination Agreement, as applicable.

          SECTION 1.02.   Amendment and Restatement. On and after the Restatement Effective
Date:

     (a)   Each reference, whether direct or indirect, in each Loan Document and the
Affiliate Subordination Agreement to the “Credit Agreement” shall mean and be a reference to
the Amended Credit Agreement, as the same may be amended, amended and restated, modified or
supplemented and in effect from time to time;

     (b)   The definition of any term defined in any Loan Document or the Affiliate
Subordination Agreement by reference to the terms defined in the “Credit Agreement” shall be
amended to be defined by reference to the defined term in the Amended Credit Agreement, as
the same may be amended, amended and restated, modified or supplemented and in effect from
time to time.

ARTICLE II

Representations and Warranties

          Each Reaffirming Party hereby represents and warrants, which representations and warranties
shall survive execution and delivery of this Reaffirmation, as follows:

          SECTION 2.01.   Organization. Such Reaffirming Party is duly organized, validly
existing and in good standing under the laws of the jurisdiction of its organization.

          SECTION 2.02.   Authority; Enforceability. Such Reaffirming Party has the corporate
power and authority to execute, deliver and carry out the terms and provisions of this
Reaffirmation and has taken all necessary action to authorize the execution, delivery and
performance by it of this Reaffirmation. Such Reaffirming Party has duly executed and delivered
this Reaffirmation, and this Reaffirmation constitutes its legal, valid and binding obligation,
enforceable against it in accordance with its terms, except as such enforceability may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the
enforcement of creditors’ rights generally.

          SECTION 2.03.   Loan Documents . The representations and warranties of such Reaffirming Party contained in each Loan
Document and the Affiliate Subordination Agreement, as applicable, are true and correct in all
material respects with the same effect as though made on the date hereof, except to the extent that
such representations and warranties expressly relate to an earlier date (in which case such
representations and warranties were true and correct in all material respects as of such earlier
date).
 

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ARTICLE III

Miscellaneous

          SECTION 3.01.   Notices. All notices hereunder shall be given in accordance with
Section 9.01 of the Amended Credit Agreement; provided that, for this purpose, the address
of each Reaffirming Party shall be the one specified for the Borrower under the Amended Credit
Agreement.

          SECTION 3.02.   Loan Document. This Reaffirmation is a Loan Document executed
pursuant to the Amended Credit Agreement and shall (unless otherwise expressly indicated herein) be
construed, administered and applied in accordance with the terms and provisions thereof.

          SECTION 3.03.   Effectiveness; Counterparts. This Reaffirmation shall become
effective on the date when (i) copies hereof which, when taken together, bear the signatures of
each of the Reaffirming Parties and the Collateral Agent have been received by the Administrative
Agent (or its counsel) and (ii) the First Amendment has become effective in accordance with its
terms. This Reaffirmation may not be amended nor may any provision hereof be waived except
pursuant to a writing signed by each of the parties hereto. This Reaffirmation may be executed in
two or more counterparts, each of which shall constitute an original but all of which when taken
together shall constitute but one contract. Delivery of an executed counterpart of a signature
page of this Reaffirmation by facsimile or electronic transmission shall be effective as delivery
of a manually executed counterpart of this Reaffirmation.

          SECTION 3.04.   No Novation. Each Reaffirming Party hereby agrees that:

     (a)   all of its obligations and liabilities under the Loan Documents remain in full
force and effect on a continuous basis after giving effect to the First Amendment;

     (b)   all of the Liens and security interests created and arising under the Loan
Documents remain in full force and effect on a continuous basis, unimpaired, uninterrupted
and undischarged, and having the same perfected status and priority as existed prior to the
effectiveness of the First Amendment, after giving effect to the First Amendment, as
collateral security for the obligations thereunder;

     (c)   all of the obligations and liabilities of the Borrower under the Existing Credit
Agreement (i) are continued in full force and effect on a continuous basis, unpaid and
undischarged (except to the extent expressly provided in the First Amendment), pursuant to
the Amended Credit Agreement and (ii) constitute the same obligations and liabilities under
the Amended Credit Agreement (except to the extent expressly provided in the First
Amendment).

          SECTION 3.05.   GOVERNING LAW. THIS REAFFIRMATION AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES HERETO SHALL BE

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CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF
NEW YORK.

          SECTION 3.06.   No Other Amendments; Confirmation. Except as expressly set forth
herein, no other amendments to any Loan Document are intended hereby and all other provisions of
the Loan Documents are and shall remain in full force and effect.

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          IN WITNESS WHEREOF, the undersigned have caused this Reaffirmation to be executed and
delivered by a duly authorized officer on the date first above written.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	DEX MEDIA, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert J. Bush	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Robert J. Bush	 	 
	 

	 	 	 	Title: Vice President and Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	DEX MEDIA WEST, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert J. Bush	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Robert J. Bush	 	 
	 

	 	 	 	Title: Vice President and Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	DEX MEDIA WEST LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert J. Bush	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Robert J. Bush	 	 
	 

	 	 	 	Title: Vice President and Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	DEX MEDIA WEST FINANCE CO.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert J. Bush	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Robert J. Bush	 	 
	 

	 	 	 	Title: Vice President and Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK,
N.A., as Collateral Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Peter B. Thauer	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Peter B. Thauer	 	 
	 

	 	 	 	Title: Vice President	 	 

 

Signature
Page to Reaffirmation Agreement

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