Document:

Exhibit 10-2

Exhibit 10.2

Gannett Company, Inc.

Key Executive Life Insurance Plan

Participation Agreement

ACKNOWLEDGMENT

I, the undersigned Participant, hereby agree to be bound by the terms and conditions of the Key
Employee Life Insurance Plan (“KELIP”), as effective
October 29, 2010.

By signing this Participation Agreement, I agree to be bound by the terms of the KELIP as set forth
in the plan document. If there is a conflict between the plan document, including this
Participation Agreement, and any other communication, written or oral, including any plan summary
materials, then the terms of the plan document will control.

I also understand that my benefit under the KELIP will be calculated as follows:

	 	 	 
	Targeted Death Benefit
	 	 
	 
	 	 
	Pre-Termination (but not beyond age 65)

	 	<Flat Dollar Amount>
	 
	 	 
	Post-Termination

	 	<Flat Dollar Amount>

Duration of Employer Contributions

Annual Employer Contributions may be made, in the Employer’s sole discretion, each calendar year
during my employment. No Employer Contributions will be payable after termination of employment or
after your sixty-second (62nd) birthday (assuming you have received at least five Annual
Employer Contributions).

OR

Annual Employer Contributions may be made, in the Employer’s sole discretion, during employment.
However, if I remain employed after attaining age 55 with at least 5 years of service with the
Employer (“Retirement Eligible”), additional Annual Contributions will be due as provided below.

 

 

 

Additional Terms

Additional Annual Employer Contributions

In the event you become Retirement Eligible, the Employer will continue to make an Annual Employer
Contribution after termination of employment each year prior to your sixty-second (62nd) birthday
but in no event will there be less than a total of 5 Annual Employer Contributions. The Annual
Employer Contributions to be made following termination will be re-calculated only as of the time
of termination and will take into consideration the then current crediting rates and the Post
Termination Targeted Death Benefit commencing upon termination and shall remain fixed thereafter;
provided that each Annual Employer Contribution made
following your termination of employment shall not exceed the Annual Employer Contribution made
immediately preceding the termination of employment.

Compliance with Section 409A of the Code

Notwithstanding anything else to the contrary and only if necessary to satisfy the requirements of
Code Section 409A, contributions to be made by the Employer caused by your termination of
employment (other than by reason of death) if you are determined to meet the definition of
Specified Employee at the time of termination shall be payable as otherwise provided, except that
the initial payment shall be made no earlier than the six (6) months following the termination of
employment with the Employer. For purposes of this Agreement, the term Specified Employee means a
Participant who is determined by the Committee, or its delegate(s), to be a “specified employee”
under the provisions of Treas. Reg. §1.409A-1(i) and other applicable guidance, provided that the
Employer (or a member of the same group of controlled entities as the company that employs the
Participant) is publicly traded on an established stock exchange.

The KELIP is intended to comply with the requirements of Section 409A to the extent such rules
apply to the KELIP, and the KELIP shall be interpreted and administered in accordance with that
intent. If any provision of the KELIP would otherwise conflict with or frustrate this intent, that
provision will be interpreted so as to avoid the conflict. For purposes of Code Section 409A, each
Annual Employer Contribution will be treated as a separate payment.

Amendment

The Employer has reserved the right to amend or terminate the Plan at any time, and for any reason.
Notwithstanding, any such termination or amendment to the Plan shall not reduce or eliminate the
Annual Employer Contributions to be made once you have become Retirement Eligible. In addition, any
determination of a Change in Employment Status after you have become Retirement Eligible shall not
reduce or eliminate the Annual Employer Contributions to be made after such time.

In witness hereof, the Participant and Gannett Company, Inc. have executed this Participation
Agreement in duplicate as of the date noted below:

<<EMPLOYEE NAME>>

	 	 	 	 	 	 	 
	 

Signature of Participant

	 	 
	 	 

Date
	 	 
	Employee ID No.
	 	 	 	 	 	 

Gannett Company, Inc.

	 	 	 
	 

NAME

	 	 
	TITLEExhibit 10-3

Exhibit 10-3

FOURTH AMENDMENT

FOURTH AMENDMENT, dated as of August 25, 2010 (this “Amendment”), to the Competitive
Advance and Revolving Credit Agreement, dated as of February 27, 2004 and effective as of March 15,
2004, as amended by the First Amendment thereto, dated as of February 28, 2007 and effective as of
March 15, 2007 and as further amended by the Second Amendment thereto, dated as of October 23, 2008
and effective as of October 31, 2008 and as further amended by the Third Amendment thereto, dated
as of September 28, 2009 (as further amended, supplemented or otherwise modified from time to time,
the “Credit Agreement”), among GANNETT CO., INC., a Delaware corporation
(“Gannett”), the several banks and other financial institutions parties to the Credit
Agreement (the “Lenders”), BANK OF AMERICA, N.A., as administrative agent (in such
capacity, the “Administrative Agent”), JPMORGAN CHASE BANK, N.A., as syndication agent,
LLOYDS TSB BANK PLC AND SUNTRUST BANK, as Documentation Agents, and Banc of America Securities LLC
and J.P.Morgan Securities Inc. as joint lead arrangers and joint bookrunners.

W I T N E S S E T H:

WHEREAS, Gannett has requested certain amendments to the Credit Agreement;

WHEREAS, the parties are willing to consent to the requested amendments on the terms and
conditions contained herein;

NOW THEREFORE, the parties hereto hereby agree as follows:

1. Defined Terms. Unless otherwise defined herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement.

2. Amendments to Section 1.1. Section 1.1 of the Credit Agreement is hereby amended
by adding the following definitions, in proper alphabetical order, as follows:

“Fourth Amendment”: the Fourth Amendment to the Agreement dated as of August 25,
2010, among Gannett, the Lenders and the Administrative Agent.

“Fourth Amendment Arranger”: J.P. Morgan Securities Inc., solely in its capacity as
arranger of the Fourth Amendment.

“Fourth Amendment Effective Date”: the date on which the conditions precedent set
forth in paragraph 5 of the Fourth Amendment shall have been satisfied or waived.

3. Amendment to Section 6.5 (“Indebtedness”). Clause (i) of Section 6.5(b) of the
Credit Agreement is hereby amended in its entirety as follows:

“(i) permit any Guarantor to, directly or indirectly, create, issue, incur, assume,
become liable in respect of or suffer to exist any Indebtedness, except (A)
unsecured Indebtedness, the proceeds of which are used to refinance any of Gannett’s
bonds having a maturity date earlier than the Five-Year Termination Date, (B)
Indebtedness among Gannett and one or more Guarantors, or among Guarantors, in each
case that is contractually subordinated to the Obligations and (C) Indebtedness
other than Indebtedness of a type specified in clauses (A) or (B) of this paragraph
(i) in an aggregate principal not to exceed $1,443,429,000 at any one time
outstanding; or”

 

 

 

4. Amendment to Article VIII. Article VIII (“The Administrative Agent”) of
the Credit Agreement is amended by adding a new Section 8.11 (“Fourth Amendment Arranger”)
as follows:

Section 8.11 Fourth Amendment Arranger. The rights, privileges,
protections, immunities and benefits given to the Administrative Agent, including
without limitation its right to be indemnified, are extended to, and shall be
enforceable by, J.P. Morgan Securities Inc., solely in its capacity as Fourth
Amendment Arranger, on an equivalent basis, as applicable, as the Administrative
Agent.

5. Effectiveness. This Amendment shall become effective as of the date (the
“Fourth Amendment Effective Date”) on which J.P. Morgan Securities Inc., as arranger of
this Fourth Amendment (the “Fourth Amendment Arranger”) shall have received counterparts
hereof duly executed by (i) Gannett, (ii) the Administrative Agent and (iii) Lenders constituting
Required Lenders.

6. Representations and Warranties. Gannett hereby represents and warrants that, on
and as of the Fourth Amendment Effective Date, after giving effect to this Amendment:

(a) No Default or Event of Default has occurred and is continuing; and

(b) Each of the representations and warranties of Gannett in the Credit
Agreement and this Amendment is true and correct in all material respects,
as if made on and as of the date hereof; and since December 27, 2009 there
has been no Material change in the business or financial condition of
Gannett and its Subsidiaries taken as a whole that has not been publicly
disclosed.

7. Continuing Effect. Except as expressly amended hereby, the Credit Agreement shall
continue to be and shall remain in full force and effect in accordance with its terms. From and
after the date hereof, all references in the Credit Agreement thereto shall be to the Credit
Agreement as amended hereby.

8. Counterparts. This Amendment may be executed by one or more of the parties hereto
on any number of separate counterparts, and all of said counterparts taken together shall be deemed
to constitute one and the same instrument. Delivery of an executed signature page of this
Amendment by facsimile transmission shall be effective as delivery of a manually executed
counterpart hereof.

9. Headings. Section headings used in this Amendment are for convenience of reference
only, are not part of this Amendment and are not to affect the constructions of, or to be taken
into consideration in interpreting, this Amendment.

10. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER
THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK.

11. Expenses. Gannett agrees to pay or reimburse each of the Administrative Agent and
the Fourth Amendment Arranger for all of their reasonable out-of-pocket costs and expenses incurred
in connection with the preparation, negotiation and execution of this Amendment, including, without
limitation, the reasonable fees and disbursements of counsel to the Administrative Agent and Fourth
Amendment Arranger.

[Remainder of page intentionally left blank]

 

2

 

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

	 	 	 	 	 
	 	GANNETT CO., INC.

 	 
	 	By:  	/s/ Michael A. Hart
 	 
	 	 	Name:  	Michael A. Hart 	 
	 	 	Title:  	Vice President & Treasurer 	 
	 
	 	BANK OF AMERICA, N.A., as Administrative Agent

 	 
	 	By:  	/s/ Antonika Thomas
 	 
	 	 	Name:  	Antonika (Toni) Thomas 	 
	 	 	Title:  	Assistant Vice President 	 

	 	 	 	 	 
	Consented to and agreed:	 	 
	 
	 	 	 	 
	J.P. MORGAN SECURITIES INC.,

as Fourth Amendment Arranger	 	 
	 
	 	 	 	 
	By: 
	/s/ David Mallett	 	 
	 	 	 	 
	 	Name: 	David Mallett	 	 
	 	Title: 	Managing Director	 	 

Signature page to Fourth Amendment to Credit Agreement

 

 

 

	 	 	 	 	 
	 	Bank of America, N.A.	 
	 	[NAME OF LENDER], as a Lender

 	 
	 	By:  	/s/ Peter van der Horst
 	 
	 	 	Name:  	Peter van der Horst 	 
	 	 	Title:  	Senior Vice President 	 

Signature page to Fourth Amendment to Credit Agreement

 

2

 

	 	 	 	 	 
	 	Bank of Hawaii	 
	 	[NAME OF LENDER], as a Lender

 	 
	 	By:  	/s/ Marc Adelberger
 	 
	 	 	Name:  	Marc Adelberger 	 
	 	 	Title:  	Vice President 	 

Signature page to Fourth Amendment to Credit Agreement

 

3

 

	 	 	 	 	 
	 	The Bank of Tokyo-Mitsubishi UFJ, Ltd.

New York Branch	 
	 	[NAME OF LENDER], as a Lender

 	 
	 	By:  	/s/ G. Stoecklein
 	 
	 	 	Name:  	G. Stoecklein 	 
	 	 	Title:  	Authorized Signatory 	 

Signature page to Fourth Amendment to Credit Agreement

 

4

 

	 	 	 	 	 
	 	Barclays Bank PLC	 
	 	[NAME OF LENDER], as a Lender

 	 
	 	By:  	/s/ Noam Azachi
 	 
	 	 	Name:  	Noam Azachi 	 
	 	 	Title:  	Assistant Vice President 	 

Signature page to Fourth Amendment to Credit Agreement

 

5

 

	 	 	 	 	 
	 	Capital One, N.A.	 
	 	[NAME OF LENDER], as a Lender

 	 
	 	By:  	/s/ Rick Larson
 	 
	 	 	Name:  	Rick Larson 	 
	 	 	Title:  	Senior Vice President 	 

Signature page to Fourth Amendment to Credit Agreement

 

6

 

	 	 	 	 	 
	 	Citibank, N.A.	 
	 	[NAME OF LENDER], as a Lender

 	 
	 	By:  	/s/ Elizabeth Gonzalez
 	 
	 	 	Name:  	Elizabeth Minnella Gonzalez 	 
	 	 	Title:  	Vice President and Director 	 

Signature page to Fourth Amendment to Credit Agreement

 

7

 

	 	 	 	 	 
	 	Comerica Bank	 
	 	[NAME OF LENDER], as a Lender

 	 
	 	By:  	/s/ Blake Arnett
 	 
	 	 	Name:  	Blake Arnett 	 
	 	 	Title:  	Vice President 	 

Signature page to Fourth Amendment to Credit Agreement

 

8

 

	 	 	 	 	 
	 	Fifth Third Bank	 
	 	[NAME OF LENDER], as a Lender

 	 
	 	By:  	/s/ Randolph J. Steirer
 	 
	 	 	Name:  	Randolph J. Steirer 	 
	 	 	Title:  	Vice President 	 

Signature page to Fourth Amendment to Credit Agreement

 

9

 

	 	 	 	 	 
	 	First Hawaiian Bank	 
	 	[NAME OF LENDER], as a Lender

 	 
	 	By:  	/s/ Jeffrey N. Higashi
 	 
	 	 	Name:  	Jeffrey N. Higashi 	 
	 	 	Title:  	Senior Vice President 	 

Signature page to Fourth Amendment to Credit Agreement

 

10

 

	 	 	 	 	 
	 	JPMorgan Chase Bank, N.A.	 
	 	[NAME OF LENDER], as a Lender

 	 
	 	By:  	/s/ Peter B. Thauer
 	 
	 	 	Name:  	Peter B. Thauer 	 
	 	 	Title:  	Executive Director 	 

Signature page to Fourth Amendment to Credit Agreement

 

11

 

	 	 	 	 	 
	 	Lloyds TSB Bank, plc	 
	 	[NAME OF LENDER], as a Lender

 	 
	 	By:  	/s/ Windsor Davies
 	 
	 	 	Name:  	Windsor Davies 	 
	 	 	Title:  	Managing Director, Corporate Banking 	 
	 
	 	By:  	             /s/ Deborah Carlson
 	 
	 	 	Name:  	Deborah Carlson 	 
	 	 	Title:  	Senior vice President, Corporate Banking 	 

Signature page to Fourth Amendment to Credit Agreement

 

12

 

	 	 	 	 	 
	 	Mizuho Corporate Bank, Ltd.	 
	 	[NAME OF LENDER], as a Lender

 	 
	 	By:  	/s/ Raymond Ventura
 	 
	 	 	Name:  	Raymond Ventura 	 
	 	 	Title:  	Deputy General Manager 	 

Signature page to Fourth Amendment to Credit Agreement

 

13

 

	 	 	 	 	 
	 	The Northern Trust Company	 
	 	[NAME OF LENDER], as a Lender

 	 
	 	By:  	/s/ Lisa McDermott
 	 
	 	 	Name:  	Lisa McDermott 	 
	 	 	Title:  	Vice President 	 

Signature page to Fourth Amendment to Credit Agreement

 

14

 

	 	 	 	 	 
	 	Suntrust Bank	 
	 	[NAME OF LENDER], as a Lender

 	 
	 	By:  	/s/ Michael Vegh
 	 
	 	 	Name:  	Michael Vegh 	 
	 	 	Title:  	Director 	 

Signature page to Fourth Amendment to Credit Agreement

 

15

 

	 	 	 	 	 
	 	US Bank National Association	 
	 	[NAME OF LENDER], as a Lender

 	 
	 	By:  	/s/ Steven L. Sawyer
 	 
	 	 	Name:  	Steven L. Sawyer 	 
	 	 	Title:  	Vice President 	 

Signature page to Fourth Amendment to Credit Agreement

 

16

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