Document:

Amendment to the Waiver, dated as of June 23, 2006

 Exhibit 10.3 
 AMENDMENT AND WAIVER, dated as of June 23, 2006 (this “Amendment”), among AMERICAN MEDIA, INC. (“Holdings”), AMERICAN MEDIA OPERATIONS, INC. (the “Borrower”),
the lenders party hereto, and JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, the “Administrative Agent”). 
 A. Reference is made to the Credit Agreement dated as of January 30, 2006, as amended by the Amendment and Waiver dated as of February 13, 2006 (as further amended, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among Holdings, the Borrower, the lenders party thereto, and the Administrative Agent. Capitalized terms used but not otherwise defined herein have the meanings assigned to them in the Credit Agreement.

 B. Holdings and the Borrower have requested that the Required Lenders amend and waive certain provisions of the Credit Agreement. The
Required Lenders are willing to agree to such amendment and waiver on the terms and subject to the conditions of this Amendment. 
 Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1. Amendment to Section 1.01 of the Credit Agreement. Section 1.01 of the Credit Agreement is amended as follows:

 (a) Clause (d) of the definition of “Applicable Rate” is hereby amended and restated in its entirety as follows:

 (d) Notwithstanding anything to the contrary herein, for purposes of the foregoing clauses (a) and (b), from the
effective date of the Second Amendment to the Financial Statement Completion Date, the Applicable Rate shall be determined by reference to Category 1; provided that if the rating with respect to the Borrower’s senior secured bank debt is
decreased below B1 by Moody’s or below B by S&P on or prior to the date that is one month after the Financial Statement Completion Date and such decrease is expressly attributable (in whole or in part) to the Delayed Financial Statements,
then the Applicable Rate shall be determined by reference to Category 1 (plus, an additional 0.25% per annum until the Financial Statement Completion Date, if such decrease occurs prior to such Financial Statement Completion Date)
during the period commencing on and including the date on which such decrease is announced and ending on and excluding the date on which the rating with respect to the Borrower’s senior secured bank debt from Moody’s is B1 or better and
from S&P is B or better. 

 (b) The definition of “Financial Restatement Conditions” is hereby amended and restated
in its entirety as follows: 
 “Financial Restatement Conditions” means the conditions that the Financial
Restatement (a) does not decrease the Borrower’s consolidated operating income by an amount exceeding (i) $15,000,000 for any fiscal year ended March 31, 2003, March 29, 2004 or March 31, 2005, or by more than
$5,000,000 for the period of two consecutive fiscal quarters ended September 30, 2005, or (ii) $30,000,000 in the aggregate for all such periods, and (b) does not decrease the Borrower’s Consolidated EBITDA by an amount exceeding
(i) $15,000,000 for any fiscal year ended March 31, 2003, March 29, 2004 or March 31, 2005, or by more than $5,000,000 for the period of two consecutive fiscal quarters ended September 30, 2005, or (ii) $30,000,000
in the aggregate for all such periods. 
 (c) Clause (b) of the definition of “Senior Secured Leverage Ratio” is hereby
amended by inserting the following text after the words “fiscal quarters ended such date” and prior to the coma thereof “(or, if such date is not the last day of a fiscal quarter, then for the period of four consecutive fiscal
quarters ended prior to that date)”. 
 (d) The definition of “Consolidated EBITDA” is hereby amended by inserting the
following text at the end of clause (g) thereof after the coma: 
 (h) any nonrecurring cash expenses or charges (not
exceeding $2,000,000) resulting from a sale of the Specified Assets to the extent actually incurred in the relevant period, 
 (e) The
following defined terms are hereby inserted in the appropriate alphabetical order: 
 “Delayed Financial
Statements” means the financial statements for the fiscal quarters ended December 31, 2005 and June 30, 2006, the Financial Restatement and the financial statements for the fiscal year ended March 31, 2006. 
 “Financial Statement Completion Date” means the date on which the financial statements for the fiscal quarters ended
December 31, 2005 and June 30, 2006, the Financial Restatement and the financial statements for the fiscal year ended March 31, 2006, together with the certificates and reports required to be delivered pursuant to Section 5.01,
have, in each case, been delivered, and any Reporting Violations (as defined in the Second Amendment) are cured. 
 “Second Amendment” means the Amendment and Waiver dated as of June 23, 2006. 
 “Specified Assets” means assets related to the publication of the following titles: Muscle and Fitness, Muscle and Fitness Hers, Flex, Country Weekly and Mira!. 
  

 2 

 SECTION 2. Amendment to Section 2.11 of the Credit Agreement. 
 (a) Section 2.11(c) of the Credit Agreement is amended by inserting the following text at the end thereof: 
 ; provided further that, in the case of any Prepayment Event involving a sale of the Specified Assets, the Borrower must
prepay Term Borrowings with the Net Proceeds therefrom within five Business Days after receiving such Net Proceeds up to an amount necessary to reduce the Senior Secured Leverage Ratio, after giving effect to such prepayment, to 3.75 to 1.00 without
exercising the rights set forth in the foregoing proviso (and the Borrower shall provide a certificate of a Financial Officer of the Borrower certifying that (x) no Default has occurred and is continuing or would result from such prepayment
and, if a Default has occurred or would result therefrom, specifying the details thereof and any action taken or proposed to be taken with respect thereto, and (y) setting forth reasonably detailed calculations demonstrating compliance with the
Senior Secured Leverage Ratio as set forth in this proviso), and any excess Net Proceeds remaining after such prepayment, may be applied pursuant to clauses (i), (ii) and (iii) of the foregoing proviso and in addition, at the
Borrower’s option, may be applied to prepay, repurchase, redeem or otherwise extinguish Existing Subordinated Debt, in each case, certifying that no Default has occurred and is continuing. 
 (b) Section 2.11(g) of the Credit Agreement is amended by replacing the words “Restatement Completion Date” with the words “Financial
Statement Completion Date”. 
 SECTION 3. Amendment to Section 5.01 of the Credit Agreement. 
 (a) Section 5.01(a) of the Credit Agreement is amended by inserting the following text at the end thereof: 
 ; provided, that, with respect to the fiscal year ended March 31, 2006, such financial statements, as of the end of and for
the fiscal year ended March 31, 2006, may be delivered later than otherwise required hereunder, but (i) shall be delivered not later than September 15, 2006 and (ii) such financial statements shall be delivered together with a
certificate of the Borrower’s chief financial officer, certifying that the financial statements present fairly, in all material respects, the financial condition and results of operations of the Borrower and its Restricted Subsidiaries, in each
case on a consolidated basis in accordance with GAAP consistently applied; 
 (b) The proviso at the end of Section 5.01(b) of the
Credit Agreement is hereby amended and restated in its entirety as follows: 
 ; provided, that, (x) with respect
to the fiscal quarter ended December 31, 2005, such financial statements, as of the end of and for the fiscal quarter ended December 31, 2005, may be delivered later than otherwise required hereunder, but (i) shall be delivered upon
completion of the Financial Restatement, but in any event not later than August 15, 2006, (ii) such financial statements shall be accompanied by the Financial Restatement, (iii) such financial statements and Financial Restatement
shall be delivered together with a certificate of the Borrower’s chief financial officer, certifying that (A) the financial statements and Financial Restatement present fairly, in all material respects, the financial condition and results
of operations of the Borrower and its Restricted Subsidiaries, in each case on a consolidated basis in accordance with GAAP consistently applied, and (B) the Financial Restatement complies with the Financial Restatement Conditions and
(iv)

  

 3 

 
the Financial Restatement shall be delivered together with or shall include a report by Deloitte & Touche LLP or other independent public
accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such portion of the Financial
Restatement covering fiscal year 2005 presents fairly, in all material respects, the financial condition and results of operations of the Borrower and its Restricted Subsidiaries, in each case on a consolidated basis in accordance with GAAP
consistently applied, and (y) with respect to the fiscal quarter ended June 30, 2006, such financial statements, as of the end of and for the fiscal quarter ended June 30, 2006, may be delivered later than otherwise required
hereunder, but (i) shall be delivered not later than September 30, 2006 and (ii) such financial statements shall be delivered together with a certificate of the Borrower’s chief financial officer, certifying that the financial
statements present fairly, in all material respects, the financial condition and results of operations of the Borrower and its Restricted Subsidiaries, in each case on a consolidated basis in accordance with GAAP consistently applied; 
 SECTION 4. Amendment to Section 6.03(a) of the Credit Agreement. Section 6.03(a) of the Credit Agreement is hereby amended by
(a) deleting the word “and” at the end of clause (ii) thereof and replacing it with “,” and (b) inserting the following text to the end of clause (iii) thereof before the semicolon and proviso: 
 and (iv) any Subsidiary that is part of an asset sale permitted under this Agreement may merge with another entity in order to effect
a sale of such Subsidiary; provided that such merger is treated as a sale of assets and otherwise complies with, and is permitted by, this Agreement 
 SECTION 5. Amendment to Section 6.04 of the Credit Agreement. Section 6.04 of the Credit Agreement is hereby amended by (a) deleting the word “and” at the end of clause
(h) thereof, (b) deleting the period at the end of clause (i) thereof and replacing it with the text “; and” and (c) inserting new clause (j) as follows: 
 (j) Guarantees by the Borrower of obligations (other than Indebtedness) of a Subsidiary Loan Party. 
 SECTION 6. Amendment to Section 6.05 of the Credit Agreement. Section 6.05 of the Credit Agreement is hereby amended by
(a) deleting the word “and” at the end of clause (d) thereof, (b) inserting the word “and” at the end of clause (e) thereof and (c) inserting new clause (f) as follows: 
 (f) sale of the Specified Assets after the Financial Statement Completion Date and on or prior to the first anniversary of the effective
date of the Second Amendment; 
  

 4 

 SECTION 7. Amendment to Section 6.08(b) of the Credit Agreement. Section 6.08(b) of the
Credit Agreement is hereby amended by (a) deleting the word “and” at the end of clause (vi) thereof, (b) deleting the period at the end of clause (vii) thereof and replacing it with the text “; and” and
(c) inserting new clause (viii) as follows: 
 (viii) payments made to prepay, redeem or acquire Existing
Subordinated Debt pursuant to and in compliance with Section 2.11(c); provided that any such payment shall only be permitted after making the prepayment required pursuant to Section 2.11(c); provided further that any
Existing Subordinated Debt so prepaid, redeemed or acquired is cancelled and retired. 
 SECTION 8. Amendment to Section 6.10 of the
Credit Agreement. Clause (iii) of the proviso to Section 6.10 of the Credit Agreement is hereby amended by inserting the words “or asset” immediately after both references to “Subsidiary” in clause (iii).

 SECTION 9. Amendment to Section 6.12 of the Credit Agreement. The table in Section 6.12 of the Credit Agreement is hereby
amended and restated in its entirety as follows: 
  

			
	 Period
	  	 Ratio

		
	March 31, 2006 to and including June 30, 2006	  	8.85 to 1.00
		
	September 30, 2006	  	(i) 9.50 to 1.00, if the Borrower has not completed a sale of the Specified Assets prior to September 30, 2006, and (ii) 8.85 to 1.00, if the Borrower has completed a sale of the Specified
Assets prior to September 30, 2006
		
	December 31, 2006 to and including September 30, 2007	  	8.85 to 1.00
		
	October 1, 2007 to and including March 31, 2008	  	8.50 to 1.00
		
	April 1, 2008 to and including December 31, 2008	  	8.25 to 1.00
		
	January 31, 2009 to and including September 30, 2009	  	7.75 to 1.00
		
	October 1, 2009 and thereafter	  	7.50 to 1.00

 SECTION 10. Amendment to Section 6.13 of the Credit Agreement. The table in
Section 6.13 of the Credit Agreement is hereby amended and restated in its entirety as follows: 
  

			
	 Period
	  	 Ratio

	March 31, 2006 to and including June 30, 2006	  	4.00 to 1.00
		
	September 30, 2006	  	(i) 4.35 to 1.00, if the Borrower has not completed a sale of the Specified Assets prior to September 30, 2006, and (ii) 4.00 to 1.00, if the Borrower has completed a sale of the Specified
Assets prior to September 30, 2006

  

 5 

			
	December 31, 2006 to and including September 30, 2007	  	4.00 to 1.00
		
	October 1, 2007 to and including March 31, 2008	  	3.75 to 1.00
		
	April 1, 2008 to and including September 30, 2008	  	3.50 to 1.00
		
	October 1, 2008 to and including September 30, 2009	  	3.25 to 1.00
		
	October 1, 2009 and thereafter	  	3.00 to 1.00

 SECTION 11. Amendment to Section 6.14 of the Credit Agreement. The table in
Section 6.14 of the Credit Agreement is hereby amended and restated in its entirety as follows: 
  

			
	 Period
	  	 Ratio

	March 31, 2006 to and including June 30, 2006	  	1.20 to 1.00
		
	September 30, 2006	  	1.10 to 1.00
		
	December 31, 2006 to and including December 31, 2008	  	1.20 to 1.00
		
	January 1, 2009 and thereafter	  	1.30 to 1.00

 SECTION 12. Waivers and Acknowledgments. (a) The undersigned Lenders hereby waive
any Default arising under clause (g) of Article VII of the Credit Agreement in relation to the Existing Subordinated Debt, to the extent, but only to the extent, any such Default results from a Reporting Violation (as defined below);
provided, that such waiver shall terminate and cease to apply if (i) any Existing Subordinated Debt becomes due, or is declared to become due, or is required to be prepaid, repurchased, redeemed or defeased, prior to its stated maturity,
in any such case as a result of a Reporting Violation, or (ii) the holder or holders of any Existing Subordinated Debt (or the requisite number or percentage in interest entitled to do so under the terms thereof, if applicable), or any trustee
or agent on its or their behalf, (A) gives notice to Holdings, the Borrower or any Subsidiary of a Reporting Violation, if the effect of such notice is to commence a grace or cure period upon the expiration of which any right or remedy may be
exercised if the Reporting Violation is continuing, or (B) otherwise commences any proceeding with respect to the exercise of any material rights or remedies (as determined by the Required Lenders) that may be exercised based upon a Reporting
Violation. 
  

 6 

 (b) It is acknowledged and agreed that the mere existence of a Reporting Violation, in and of
itself, shall not constitute a breach of any of the representations and warranties in the Credit Agreement or a Material Adverse Effect. 
 (c) For purposes hereof, the term “Reporting Violation” means any failure to comply with any provision of any agreement or instrument evidencing or governing the terms of any Existing Subordinated Debt that requires the delivery
of financial statements for the Borrower and its subsidiaries or the filing by the Borrower of reports (or delivery by the Borrower of reports required to be filed by it) with the Securities and Exchange Commission, to the extent such non-compliance
results from the failure by the Borrower to deliver unaudited financial statements for the fiscal quarters ended December 31, 2005 or June 30, 2006, to file its report on 10-Q for the fiscal quarters ended December 31, 2005 or
June 30, 2006, to deliver audited financial statements for the fiscal year ended March 31, 2006, or to file its report on 10-K for the fiscal year ended March 31, 2006, in each case within the time required. 
 (d) It is acknowledged and agreed that the waivers and acknowledgments set forth in Section 7 of the First Amendment shall remain in effect after
the Second Amendment Effective Date. 
 SECTION 13. Certain Covenants. The provisions set forth in Section 8 of the First
Amendment are superceded in their entirety by this Section 13. Unless and until the financial statements for the fiscal quarters ended December 31, 2005 and June 30, 2006, the Financial Restatement, and the financial statements for
the fiscal year ended March 31, 2006, together with the certificates and reports required to be delivered pursuant to Section 5.01, have, in each case, been delivered, and any Reporting Violations are cured, each of Holdings and the
Borrower hereby covenants and agrees with each Lender and the Administrative Agent that: 
 (a) neither Holdings nor the Borrower will, nor
will they permit any Restricted Subsidiary to, (i) declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment otherwise permitted by clause (x)(B) of Section 6.08(a) of the Credit Agreement or (except to the
extent of Restricted Payments made by the Borrower to Holdings in order to permit Holdings to make Restricted Payments of the type allowed by clauses (iii) through (v) of Section 6.08(a) of the Credit Agreement) clause (xi) of
Section 6.08(a) of the Credit Agreement, or incur any obligation (contingent or otherwise) to do so or (ii) make any investment in any Unrestricted Subsidiary if any proceeds of such investment are to be used for any purpose otherwise
prohibited by this clause (a); and 
 (b) neither Holdings nor the Borrower will, nor will they permit any Subsidiary to, give any
consideration to or for the benefit of any holder of Existing Subordinated Debt for any amendment, modification or waiver of any agreement, instrument or other document evidencing or governing any Existing Subordinated Debt or any waiver or consent
of or arrangement with any of such holders of the Existing Subordinated Debt, in each case with respect to a Reporting Violation; provided that the foregoing shall not prohibit payment of a cash fee (or the equivalent thereof) in connection
with any such amendment, modification or waiver if (i) such fee does not exceed an amount that would be, based upon available information, usual and customary for fees paid to obtain similar consents or waivers under similar circumstances

  

 7 

 
and (ii) at the time of, and after giving effect to, the payment of such fee, the sum of the Revolving Commitments exceeds the sum of the Revolving
Exposures by at least $35,000,000. 
 SECTION 14. Representations and Warranties. Each of Holdings and the Borrower hereby
represents and warrants to and agrees with each Lender and the Administrative Agent that, after giving effect to this Amendment: 
 (a) the
representations and warranties set forth in Article III of the Credit Agreement are true and correct in all material respects with the same effect as if made on the Second Amendment Effective Date, except to the extent such representations and
warranties expressly relate to an earlier date, in which case such representations and warranties are true and correct as of such earlier date; and 
 (b) as of the Second Amendment Effective Date, no Default has occurred and is continuing. 
 SECTION 15. Conditions to
Effectiveness. This Amendment (including the waivers set forth in Section 12 above) shall become effective as of the date of the satisfaction in full of the following conditions precedent (the “Second Amendment Effective
Date”): 
 (a) the Administrative Agent shall have received duly executed counterparts hereof that, when taken together, bear the
authorized signatures of Holdings, the Borrower and the Required Lenders; 
 (b) the Administrative Agent shall have received all other
amounts due and payable under the Credit Agreement on or prior to the Second Amendment Effective Date, including, to the extent invoiced, all reasonable out-of-pocket costs and expenses of the Administrative Agent (including, without limitation, the
reasonable fees, charges and disbursements of Cravath, Swaine & Moore LLP, counsel for the Administrative Agent); and 
 (c) the
Administrative Agent shall have received the Amendment Fee (as defined below). 
 SECTION 16. Amendment Fee. In consideration of the
agreements of the Lenders contained in this Amendment, Holdings and the Borrower jointly agree to pay to the Administrative Agent, for the account of each Lender that delivers an executed counterpart of this Amendment prior to 12:00 p.m., noon, New
York City time, on June 23, 2006, an amendment fee (the “Amendment Fee”) in an amount separately disclosed or agreed in writing. 
 SECTION 17. Credit Agreement. Except as specifically stated herein, the Credit Agreement shall continue in full force and effect in accordance with the provisions thereof. This Amendment shall constitute a
Loan Document. 
 SECTION 18. Applicable Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF
THE STATE OF NEW YORK. 
 SECTION 19. Counterparts. This Amendment may be executed in any number of counterparts, each of
which shall be an original but all of which, when taken together, shall 

  

 8 

 
constitute but one instrument. Delivery of an executed counterpart of a signature page of this Amendment by telecopy shall be effective as delivery of a
manually executed counterpart of this Amendment. 
 [SIGNATURES ON FOLLOWING PAGE] 
  

 9 

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

			
	AMERICAN MEDIA, INC.,
		
	by	 	/s/ Carlos Abaunza
		 	Name: Carlos Abaunza
		 	Title: Senior Vice President and Chief Financial Officer

  

			
	AMERICAN MEDIA OPERATIONS, INC.,
		
	by	 	/s/ Carlos Abaunza
		 	Name: Carlos Abaunza
		 	Title: Senior Vice President and Chief Financial Officer

  

 10 

			
	JPMORGAN CHASE BANK, N.A., individually and as Administrative Agent,
		
	by	 	/s/ Peter B. Thauer
		 	Name: Peter B. Thauer
		 	Title: Vice President

  

 11 

 SIGNATURE PAGE TO AMENDMENT AND WAIVER DATED AS OF THE DATE SET FORTH ABOVE, AMONG AMERICAN MEDIA, INC., AMERICAN MEDIA
OPERATIONS, INC., THE LENDERS PARTY HERETO, AND JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT. 
  

			
		
	Lender Name:    	 	AIG BANK LOAN FUND LTD.
		 	By: AIG Global Investment Corp., Its
		 	Investment Manager

			
		
	by	 	/s/ William Kozicki
		 	Name: William Kozicki
		 	Title: Vice President

  

			
		
	Lender Name:    	 	AIM FLOATING RATE FUND
		 	By: INVESCO Senior Secured Management,
		 	Inc. As Sub-Adviser

			
		
	by	 	/s/ Karen S. Klapper
		 	 Name: Karen S. Klapper

		 	Title: Authorized Signatory

			
		
	Lender Name:    	 	ALZETTE EUROPEAN CLO S.A.
		 	By: INVESCO Senior Secured Management,
		 	Inc. As Collateral Manager

			
		
	by	 	/s/ Karen S. Klapper
		 	 Name: Karen S. Klapper

		 	Title: Authorized Signatory

  

 12 

			
	Lender Name:    	 	AMERIPRISE CERTIFICATE COMPANY
		 	By: RiverSource Investments, LLC as
		 	Collateral Manager

			
		
	by	 	/s/ Yvonne E. Stevens
		 	Name: Yvonne E. Stevens
		 	Title: Assistant Vice President

			
		
	Lender Name:    	 	AMMC CDO II, LIMITED
		 	By: American Money Management Corp.,
		 	as Collateral Manager

			
		
	by	 	/s/ David P. Meyer
		 	Name: David P. Meyer
		 	Title: Senior Vice President

			
		
	Lender Name:    	 	AMMC CDO III, LIMITED
		 	By: American Money Management Corp.,
		 	as Collateral Manager

			
		
	by	 	/s/ David P. Meyer
		 	Name: David P. Meyer
		 	Title: Senior Vice President

			
		
	Lender Name:    	 	AMMC CLO IV, LIMITED
		 	By: American Money Management Corp.,
		 	as Collateral Manager

			
		
	by	 	/s/ David P. Meyer
		 	Name: David P. Meyer
		 	Title: Senior Vice President

			
		
	Lender Name:    	 	ATLAS LOAN FUNDING (NAVIGATOR), LLC
		 	By: Atlas Capital Funding, Ltd.
		 	By: Structured Asset Investors, LLC
		 	Its Investment Manager

			
		
	by	 	/s/ Diana M. Himes
		 	Name: Diana M. Himes
		 	Title: Associate

  

 13 

			
	Lender Name:    	 	AVALON CAPITAL LTD. 3
		 	By: INVESCO Senior Secured Management,
		 	Inc. As Asset Manager

			
		
	by	 	/s/ Karen S. Klapper
		 	Name: Karen S. Klapper
		 	Title: Authorized Signatory

			
		
	Lender Name:    	 	SANKATY ADVISORS, LLC
		 	As Collateral Manager for Avery Point CLO,
		 	Ltd. as Term Lender

			
		
	by	 	/s/ Susan Lynch
		 	Name: Susan Lynch
		 	Title: Executive Vice President

			
		
	Lender Name:    	 	AVERY STREET CLO, LTD

			
		
	by	 	/s/ R. Ian O’Keeffe
		 	Name: R. Ian O’Keeffe
		 	Title: Authorized Signatory

			
		
	Lender Name:    	 	BABSON CLO LTD. 2003-I
		 	 BABSON CLO LTD. 2004-I

		 	 BABSON CLO LTD. 2004-II

		 	 BABSON CLO LTD. 2005-I

		 	 BABSON CLO LTD. 2005-III

		 	 BABSON CLO LTD. 2006-I

		 	 SUFFIELD CLO, LIMITED

		 	 By: Babson Capital Management LLC as
 Collateral Manager

			
		
	by	 	/s/ Adrienne Musgnug
		 	 Name: Adrienne Musgnug

		 	 Title: Managing Director

  

 14 

			
	Lender Name:    	 	C.M. LIFE INSURANCE COMPANY
		 	 By: Babson Capital Management LLC as
 Investment Sub-Adviser

			
		
	by	 	/s/ Adrienne Musgnug
		 	 Name: Adrienne Musgnug

		 	 Title: Managing Director

			
		
	Lender Name:    	 	MAPLEWOOD (CAYMAN) LIMITED
		 	By: Babson Capital Management LLC as Investment Manager

			
		
	by	 	/s/ Adrienne Musgnug
		 	 Name: Adrienne Musgnug

		 	 Title: Managing Director

			
		
	Lender Name:    	 	BILL & MELINDA GATES FOUNDATION
		 	By: Babson Capital Management LLC as Investment Adviser

			
		
	by	 	/s/ Adrienne Musgnug
		 	 Name: Adrienne Musgnug

		 	 Title: Managing Director

			
		
	Lender Name:    	 	BEAR STEARNS CORPORATE LENDING INC.

			
		
	by	 	/s/ Victor Bulzacchelli
		 	 Name: Victor Bulzacchelli

		 	Title: Vice President

			
		
	Lender Name:    	 	BEAR STEARNS LOAN TRUST
		 	By: Bear Stearns Asset Management, Inc., as its attorney-in-fact

			
		
	by	 	/s/ Niall Rosenzweig
		 	 Name: Niall Rosenzweig

		 	 Title: Managing Director

  

 15 

			
	Lender Name:    	 	BELHURST CLO LTD.
		 	By: INVESCO Senior Secured Management, Inc. as Collateral Manager

			
		
	by	 	/s/ Karen S. Klapper
		 	Name: Karen S. Klapper
		 	Title: Authorized Signatory

			
		
	Lender Name:    	 	BIG SKY III SENIOR LOAN TRUST
		 	By: Eaton Vance Management as Investment Advisor

			
		
	by	 	/s/ Michael B. Botthof
		 	 Name: Michael B. Botthof

		 	 Title: Vice President

			
		
	Lender Name:    	 	BLACK DIAMOND CLO 2006-1 (CAYMAN) LTD.
		 	By: Black Diamond Capital Management, L.L.C. as its Collateral Manager Advisor

			
		
	by	 	/s/ James J. Zenni, Jr.
		 	Name: James J. Zenni, Jr.
		 	Title: President & Managing Partner, Black Diamond Capital Management, L.L.C.

			
		
	Lender Name:    	 	BOSTON HARBOR CLO 2004-1 LTD.

			
		
	by	 	/s/ Beth Mazor
		 	Name: Beth Mazor
		 	 Title: Vice President

			
		
	Lender Name:    	 	CALLIDUS DEBT PARTNERS CLO FUND II, LTD.
		 	By: Its Collateral Manager, Callidus Capital Management, LLC

			
		
	by	 	/s/ Ira Ginsburg
		 	Name: Ira Ginsburg
		 	 Title: Principal

  

 16 

			
	Lender Name:    	 	CANYON CAPITAL CDO 2002-1 LTD.
		 	By: Canyon Capital Advisors LLC, a Delaware limited liability company, its Collateral Manager

			
		
	by	 	/s/ Michael R. Julis
		 	Name: Michael R. Julis
		 	 Title: Managing Director

			
		
	Lender Name:    	 	CARLYLE HIGH YIELD PARTNERS IV, LTD

			
		
	by	 	/s/ Linda Pace
		 	 Name: Linda Pace

		 	 Title: Managing Director

			
		
	Lender Name:    	 	CARLYLE HIGH YIELD PARTNERS VI, LTD

			
		
	by	 	/s/ Linda Pace
		 	 Name: Linda Pace

		 	 Title: Managing Director

			
		
	Lender Name:    	 	CARLYLE HIGH YIELD PARTNERS VII, LTD

			
		
	by	 	/s/ Linda Pace
		 	 Name: Linda Pace

		 	 Title: Managing Director

			
		
	Lender Name:    	 	CARLYLE HIGH YIELD PARTNERS VIII, LTD

			
		
	by	 	/s/ Linda Pace
		 	 Name: Linda Pace

		 	 Title: Managing Director

  

 17 

			
	Lender Name:    	 	CARLYLE HIGH YIELD PARTNERS IX, LTD

			
		
	by	 	 /s/ Linda Pace

		 	 Name: Linda Pace

		 	 Title: Managing Director

  

			
	Lender Name:    	 	CARLYLE LOAN INVESTMENT, LTD.

			
		
	by	 	 /s/ Linda Pace

		 	 Name: Linda Pace

		 	 Title: Managing Director

  

			
	Lender Name:    	 	CARLYLE LOAN OPPORTUNITY FUND

			
		
	by	 	 /s/ Linda Pace

		 	 Name: Linda Pace

		 	 Title: Managing Director

  

			
	Lender Name:    	 	 SANKATY ADVISORS, LLC
 As Collateral Manager for Castle
Hill I – INGOTS, Ltd., as Term Lender

			
		
	by	 	 /s/ Susan Lynch

		 	 Name: Susan Lynch

		 	 Title: Executive Vice President

  

			
	Lender Name:    	 	 SANKATY ADVISORS, LLC
 As Collateral Manager for Castle
Hill II – INGOTS, Ltd., as Term Lender

			
		
	by	 	 /s/ Susan Lynch

		 	 Name: Susan Lynch

		 	 Title: Executive Vice President

  

 18 

			
	Lender Name:    	 	 SANKATY ADVISORS, LLC
 As Collateral Manager for Castle
Hill III, CLO, Limited, as Term Lender

			
		
	by	 	 /s/ Susan Lynch

		 	 Name: Susan Lynch

		 	 Title: Executive Vice President

  

			
	Lender Name:    	 	 CELEBRITY CLO LIMITED
 By: TCW Advisors, Inc., as
Agent

			
		
	by	 	 /s/ G. Wayne Hosang

		 	 Name: G. Wayne Hosang

		 	Title: Vice President
		
	by	 	 /s/ Vikas Mavinkurve

		 	 Name: Vikas Mavinkurve

		 	Title: Vice President

  

			
	Lender Name:    	 	 CENTURION CDO VI, LTD.
 By: RiverSource Investments, LLC
as Collateral Manager

			
		
	by	 	 /s/ Robin C. Stancil

		 	 Name: Robin C. Stancil

		 	 Title: Supervisor – Fixed Income

  

			
	Lender Name:    	 	 CENTURION CDO VII, LTD.
 By: RiverSource Investments, LLC
as Collateral Manager

			
		
	by	 	 /s/ Robin C. Stancil

		 	 Name: Robin C. Stancil

		 	 Title: Supervisor – Fixed Income

  

			
	Lender Name:    	 	 CENTURION CDO 8, LIMITED
 By: RiverSource Investments,
LLC as Collateral Manager

			
		
	by	 	 /s/ Robin C. Stancil

		 	 Name: Robin C. Stancil

		 	 Title: Supervisor – Fixed Income

  

 19 

			
	Lender Name:    	 	 CENTURION CDO 9, LTD.
 By: RiverSource Investments, LLC
as Collateral Manager

			
		
	by	 	 /s/ Robin C. Stancil

		 	 Name: Robin C. Stancil

		 	 Title: Supervisor – Fixed Income

  

			
	Lender Name:    	 	 CENT CDO 10, LTD.
 By: RiverSource Investments, LLC as
Collateral Manager

			
		
	by	 	 /s/ Robin C. Stancil

		 	 Name: Robin C. Stancil

		 	 Title: Supervisor – Fixed Income

  

			
	Lender Name:    	 	 CENT CDO XI, LIMITED
 By: RiverSource Investments, LLC as
Collateral Manager

			
		
	by	 	 /s/ Robin C. Stancil

		 	 Name: Robin C. Stancil

		 	 Title: Supervisor – Fixed Income

  

			
	Lender Name:    	 	 CHAMPLAIN CLO, LTD.
 By: INVESCO Senior Secured
Management, Inc. as Collateral Manager

			
		
	by	 	 /s/ Karen S. Klapper

		 	 Name: Karen S. Klapper

		 	 Title: Authorized Signatory

  

			
	Lender Name:    	 	 CHARTER VIEW PORTFOLIO
 By: INVESCO Senior Secured
Management, Inc. as Investment Advisor

			
		
	by	 	 /s/ Karen S. Klapper

		 	 Name: Karen S. Klapper

		 	 Title: Authorized Signatory

  

 20 

			
	Lender Name:    	 	 CHATHAM LIGHT II CLO, LIMITED,
 By: Sankaty Advisors LLC,
as Collateral Manager

			
		
	by	 	 /s/ Susan Lynch

		 	 Name: Susan Lynch

		 	 Title: Executive Vice President

  

			
	Lender Name:    	 	CIT LENDING SERVICES CORPORATION

			
		
	by	 	 /s/ Scott Ploshay

		 	 Name: Scott Ploshay

		 	 Title: Vice President

  

			
	Lender Name:    	 	CYPRESSTREE CLAIF FUNDING LLC

			
		
	by	 	 /s/ Anna M. Tallent

		 	 Name: Anna M. Tallent

		 	 Title: Assistant Vice President

  

			
	Lender Name:    	 	 DEL MAR CLO I, LTD.
 By: Caywood-Scholl Capital
Management, LLC as Collateral Manager

			
		
	by	 	 /s/ Kirk Maurer

		 	 Name: Kirk Maurer

		 	 Title: Co-Director of Research

  

			
	Lender Name:    	 	DEUTSCHE BANK TRUST COMPANY AMERICAS

			
		
	by	 	 /s/ Susan LeFevre

		 	 Name: Susan LeFevre

		 	 Title: Director

		
	by	 	 /s/ Evelyn Thierry

		 	 Name: Evelyn Thierry

		 	 Title: Vice President

  

 21 

			
	Lender Name:    	 	 DIVERSIFIED CREDIT PORTFOLIO LTD.
 By: INVESCO Senior
Secured Management, Inc. as Investment Adviser

			
		
	by	 	/s/ Karen S. Klapper
		 	Name: Karen S. Klapper
		 	Title: Authorized Signatory

  

			
	 Lender Name:    
	 	 DUANE STREET CLO II, LTD.
 By: DiMaio Ahmad Capital LLC,
as Interim Collateral Manager

			
		
	by	 	/s/ Paul Travers
		 	Name: Paul Travers
		 	Title: Managing Director

  

			
	Lender Name:    	 	EATON VANCE CDO VI LTD.
		 	By: Eaton Vance Management as Investment Advisor

			
		
	by	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  

			
	Lender Name:    	 	 EATON VANCE CDO VIII LTD.
 By: Eaton Vance
Management as Investment Advisor

			
		
	by	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  

			
	Lender Name:    	 	 EATON VANCE FLOATING-RATE INCOME TRUST
 By: Eaton
Vance Management as Investment Advisor

			
		
	by	 	/s/ Michael B. Botthof
		 	 Name: Michael B. Botthof

		 	Title: Vice President

  

 22 

			
	Lender Name:    	 	 EATON VANCE SENIOR LOAN FUND
 By: Eaton Vance Management
as
 Investment Advisor

			
		
	by	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  

			
	Lender Name:    	 	 EATON VANCE LIMITED DURATION INCOME FUND
 By: Eaton Vance
Management as Investment Advisor

			
		
	by	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  

			
	Lender Name:    	 	 EATON VANCE SENIOR FLOATING- RATE TRUST
 By: Eaton Vance
Management as Investment Advisor

			
		
	by	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  

			
	Lender Name:    	 	 EATON VANCE INCOME TRUST
 By: Eaton Vance Management as
Investment Advisor

			
		
	by	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  

			
	Lender Name:    	 	 EATON VANCE SHORT DURATION DIVERSIFIED INCOME FUND
 By:
Eaton Vance Management as Investment Advisor

			
		
	by	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  

 23 

			
	Lender Name:    	 	 EATON VANCE VARIABLE LEVERAGE FUND LTD.
 By: Eaton Vance
Management as Investment Advisor

			
		
	by	 	/s/ Michael B. Botthof
		 	 Name: Michael B. Botthof

		 	 Title: Vice President

  

			
	Lender Name:    	 	 EATON VANCE VT FLOATING-RATE INCOME FUND
 By: Eaton Vance
Management as Investment Advisor

			
		
	by	 	/s/ Michael B. Botthof
		 	 Name: Michael B. Botthof

		 	 Title: Vice President

  

			
	Lender Name:    	 	 FAIRWAY LOAN FUNDING COMPANY
 By: Pacific Investment
Management Company LLC, as its Investment Advisor

			
		
	by	 	/s/ Mohan V. Phansalkar
		 	 Name: Mohan V. Phansalkar

		 	 Title: Managing Director

  

			
	Lender Name:    	 	 FIRST 2004-I CLO, LTD.
 By: TCW Advisors, Inc., its
Collateral Manager

			
		
	by	 	/s/ G. Wayne Hosang
		 	 Name: G. Wayne Hosang

		 	 Title: Vice President

  

			
		
	by	 	/s/ Vikas Mavinkurve
		 	 Name: Vikas Mavinkurve

		 	 Title: Vice President

  

 24 

			
	Lender Name:    	 	 FIRST 2004-II CLO, LTD.
 By: TCW Advisors, Inc., its
Collateral Manager

			
		
	by	 	/s/ G. Wayne Hosang
		 	Name: G. Wayne Hosang
		 	Title: Vice President

  

			
		
	by	 	/s/ Vikas Mavinkurve
		 	Name: Vikas Mavinkurve
		 	Title: Vice President

  

			
	Lender Name:    	 	 FOUNDERS GROVE CLO, LTD.
 By: Tall Tree Investment
Management, LLC as Collateral Manager

			
		
	by	 	/s/ Brad Langs
		 	Name: Brad Langs
		 	Title: Officer

  

			
	Lender Name:    	 	 GALAXY CLO 2003-1, LTD.
 By: AIG Global Investment Corp.,
Inc. Its Collateral Manager

			
		
	by	 	/s/ William Kozicki
		 	Name: William Kozicki
		 	Title: Vice President

  

			
	Lender Name:    	 	GALAXY III CLO, LTD. By: AIG Global Investment Corp., Its Collateral Manager

			
		
	by	 	/s/ William Kozicki
		 	Name: William Kozicki
		 	Title: Vice President

  

 25 

			
	Lender Name:    	 	 GALAXY IV CLO, LTD.
 By: AIG Global Investment
Corp.,
 Its Collateral Manager

			
		
	by	 	/s/ William Kozicki
		 	Name: William Kozicki
		 	Title: Vice President

  

			
	Lender Name:    	 	 GALAXY V CLO, LTD.
 By: AIG Global Investment
Corp.,
 Its Collateral Manager

			
		
	by	 	/s/ William Kozicki
		 	Name: William Kozicki
		 	Title: Vice President

  

			
	Lender Name:    	 	 GALAXY VI CLO, LTD.
 By: AIG Global Investment
Corp.,
 Its Collateral Manager

			
		
	by	 	/s/ William Kozicki
		 	Name: William Kozicki
		 	Title: Vice President

  

			
	Lender Name:    	 	 GALLATIN CLO II 2005-1 LTD.
 By: Bear Stearns Asset
Management Inc.
 As its Collateral Manager

			
		
	by	 	/s/ Niall Rosenzweig
		 	Name: Niall Rosenzweig
		 	Title: Managing Director

  

			
	Lender Name:    	 	 GALLATIN FUNDING I LTD.
 By: Bear Stearns Asset
Management Inc.
 As its Collateral Manager

			
		
	by	 	/s/ Niall Rosenzweig
		 	Name: Niall Rosenzweig
		 	Title: Managing Director

  

 26 

			
	Lender Name:    	 	GENERAL ELECTRIC CAPITAL CORPORATION

			
		
	by	 	/s/ Rebecca A. Ford
		 	Name: Rebecca A. Ford
		 	Title: Duly Authorized Signatory

  

			
	Lender Name:    	 	 GLOBAL ENHANCED LOAN FUND S.A.
 By: Pacific
Investment Management Company LLC,
 as its Investment Advisor

			
		
	by	 	/s/ Mohan V. Phansalkar
		 	Name: Mohan V. Phansalkar
		 	Title: Managing Director

  

			
	Lender Name:    	 	 STATE STREET BANK & TRUST COMPANY as Trustee
 For GMAM Group Pension Trust I

			
		
	by	 	/s/ Russell Ricciardi
		 	Name: Russell Ricciardi
		 	Title: Client Service Officer

  

			
	Lender Name:    	 	GRAND CENTRAL ASSET TRUST, LAC SERIES

			
		
	by	 	/s/ Roy Hykal
		 	Name: Roy Hykal
		 	Title: Attorney-in-fact

  

			
	Lender Name:    	 	 GRAYSON & CO
 By: Boston Management and
Research
 As Investment Advisor

			
		
	by	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  

 27 

			
	Lender Name:    	 	 GRAYSTON CLO II 2004-1 LTD.
 By: Bear Stearns Asset
Management, Inc.,
 as its Collateral Manager

			
		
	by	 	/s/ Niall Rosenzweig
		 	Name: Niall Rosenzweig
		 	Title: Managing Director

  

			
	Lender Name:    	 	 HALCYON STRUCTURED ASSET MANAGEMENT LONG
 SECURED/SHORT
UNSECURED CLO I LTD.
 By: Halcyon Structured Asset Management L.P.,
 as Collateral Manager.
 By: Halcyon Structured Asset Management LLC,
 its sole general partner

			
		
	by	 	/s/ Aaron Goldberg
		 	Name: Aaron Goldberg
		 	Title: Chief Financial Officer

  

			
	Lender Name:    	 	 HAMLET II, LTD.
 By: Octagon Credit Investors,
LLC
 as Portfolio Manager

			
		
	by	 	/s/ Andrew D. Gordon
		 	Name: Andrew D. Gordon
		 	Title: Portfolio Manager

  

			
	Lender Name:    	 	HARBOUR TOWN FUNDING LLC

			
		
	by	 	/s/ Christine L. Ramseur
		 	Name: Christine L. Ramseur
		 	Title: Assistant Vice President

  

 28 

			
	Lender Name:    	 	 HY-FI TRUST, BY JPMORGAN CHASE BANK, N.A. (F/K/A/ JPMORGAN CHASE BANK) SOLELY AS TRUSTEE (AND NOT IN ITS INDIVIDUAL CAPACITY)
 By: Octagon Credit Investors, LLC.
 as Portfolio Manager

			
		
	by	 	/s/ Andrew D. Gordon
		 	Name: Andrew D. Gordon
		 	Title: Portfolio Manager

  

			
	Lender Name:    	 	 IDS LIFE INSURANCE COMPANY
 By: RiverSource Investments,
LLC as Collateral Manager

			
		
	by	 	/s/ Yvonne E. Stevens
		 	Name: Yvonne E. Stevens
		 	Title: Assistant Vice President

  

			
	Lender Name:    	 	 ING PRIME RATE TRUST
 By: ING Investment Management
Co.
 as its Investment Manager

			
		
	by	 	/s/ Mohamed Basma
		 	Name: Mohamed Basma
		 	Title: Vice President

  

			
	Lender Name:    	 	 ING SENIOR INCOME FUND
 By: ING Investment Management
Co.
 as its Investment Manager

			
		
	by	 	/s/ Mohamed Basma
		 	Name: Mohamed Basma
		 	Title: Vice President

  

			
	Lender Name:    	 	 ING INTERNATIONAL (II) – SENIOR BANK LOANS EURO
 By: ING Investment Management Co.
 as its Investment Manager

			
		
	by	 	/s/ Mohamed Basma
		 	Name: Mohamed Basma
		 	Title: Vice President

  

 29 

			
	 Lender Name:    
	 	 INVESCO CBO 2000-1 LTD.
 By: INVESCO Senior Secured
Management, Inc. As Portfolio Advisor

			
		
	by	 	 /s/ Karen S. Klapper

		 	 Name: Karen S. Klapper

		 	 Title: Authorized Signatory

  

			
	 Lender Name:    
	 	 INVESCO EUROPEAN CDO I S.A.
 By: INVESCO Senior Secured
Management, Inc. As Collateral Manager

			
		
	by	 	 /s/ Karen S. Klapper

		 	 Name: Karen S. Klapper

		 	 Title: Authorized Signatory

  

			
	 Lender Name:    
	 	KATONAH II, LTD. by Sankaty Advisors LLC as Sub-Advisors

			
		
	by	 	 /s/ Susan Lynch

		 	 Name: Susan Lynch

		 	 Title: Executive Vice President

  

			
	 Lender Name:    
	 	KATONAH III, LTD. by Sankaty Advisors LLC as Sub-Advisors

			
		
	by	 	 /s/ Susan Lynch

		 	 Name: Susan Lynch

		 	 Title: Executive Vice President

  

			
	 Lender Name:    
	 	KATONAH IV, LTD. By Sankaty Advisors, LLC as Sub-Advisors

			
		
	by	 	 /s/ Susan Lynch

		 	 Name: Susan Lynch

		 	 Title: Executive Vice President

  

 30 

			
	 Lender Name:    
	 	 KATONAH V, LTD.
 By: INVESCO Senior Secured Management,
Inc. As Investment Manager

			
		
	by	 	 /s/ Karen Klapper

		 	 Name: Karen S. Klapper

		 	 Title: Authorized Signatory

  

			
	 Lender Name:    
	 	KENNECOTT FUNDING LTD.

			
		
	by	 	 /s/ Kaitlin Trinh

		 	 Name: Kaitlin Trinh

		 	 Title: Director

  

			
	 Lender Name:    
	 	KZH PONDVIEW LLC

			
		
	by	 	 /s/ Wai Kee Lee

		 	 Name: Wai Kee Lee

		 	 Title: Authorized Agent

  

			
	 Lender Name:    
	 	KZH SOLEIL-2 LLC

			
		
	by	 	 /s/ Wai Kee Lee

		 	 Name: Wai Kee Lee

		 	 Title: Authorized Agent

  

			
	 Lender Name:    
	 	LAGUNA FUNDING LLC

			
		
	by	 	 /s/ Christina L. Ramseur

		 	 Name: Christina L. Ramseur

		 	 Title: Authorized Signatory

  

			
	 Lender Name:    
	 	 LANDMARK IV CDO LIMITED
 By: Aladdin Capital Management,
as Manager

			
		
	by	 	 /s/ John J. D’Angelo

		 	 Name: John J. D’Angelo

		 	 Title: Authorized Signatory

  

 31 

			
	 Lender Name:    
	 	LATITUDE CLO II LTD.

			
		
	by	 	 /s/ Kirk Wallace

		 	 Name: Kirk Wallace

		 	 Title: Senior Vice President

  

			
	 Lender Name:    
	 	LEHMAN COMMERCIAL PAPER INC.

			
		
	by	 	 /s/ Michael E. Masters

		 	 Name: Michael E. Masters

		 	 Title: Authorized Signatory

  

			
	 Lender Name:    
	 	 LOAN FUNDING III LLC
 By: Pacific Investment Management
Company LLC, as its Investment Advisor

			
		
	by	 	 /s/ Mohan V. Phansalkar

		 	 Name: Mohan V. Phansalkar

		 	 Title: Managing Director

  

			
	 Lender Name:    
	 	 LOAN FUNDING IX LLC, FOR ITSELF OR AS AGENT FOR CORPORATE LOAN FUNDING IX LLC
 By: INVESCO Senior Secured Management,
 Inc. As Portfolio Manager

			
		
	by	 	 /s/ Karen Klapper

		 	 Name: Karen S. Klapper

		 	 Title: Authorized Signatory

  

			
	 Lender Name:    
	 	 SANKATY ADVISORS, LLC as
 Collateral Manager for Loan
Funding XI LLC, As Term Lender

			
		
	by	 	 /s/ Susan Lynch

		 	 Name: Susan Lynch

		 	 Title: Executive Vice President

  

 32 

			
	 Lender Name:    
	 	MORGAN STANLEY PRIME INCOME TRUST

			
		
	by	 	 /s/ Jinny K. Kim

		 	 Name: Jinny K. Kim

		 	 Title: Executive Director

  

			
	 Lender Name:    
	 	 MOSELLE CLO S.A.
 By: INVESCO Senior Secured Management,
Inc. As Collateral Manager

			
		
	by	 	 /s/ Karen Klapper

		 	 Name: Karen S. Klapper

		 	 Title: Authorized Signatory

  

			
	 Lender Name:    
	 	NATEXIS BANQUES POPULAIRES

			
		
	by	 	 /s/ Elizabeth A. Harker

		 	 Name: Elizabeth A. Harker

		 	 Title: Vice President

		
	by	 	 /s/ Evan S. Kraus

		 	 Name: Evan S. Kraus

		 	 Title: Vice President

  

			
	 Lender Name:    
	 	 NAUTIQUE FUNDING LTD.
 By: INVESCO Senior Secured
Management, Inc. As Collateral Manager

			
		
	by	 	 /s/ Karen Klapper

		 	 Name: Karen S. Klapper

		 	 Title: Authorized Signatory

  

			
	 Lender Name:    
	 	 NAVIGARE FUNDING I
 By: Navigare Partners, LLC, Its
collateral manager

			
		
	by	 	 /s/ Sheryl A. Rothman

		 	 Name: Sheryl A. Rothman

		 	 Title: Managing Director

  

 33 

			
	 Lender Name:    
	 	 NORTHWOODS CAPITAL IV, LIMITED
 By: Angelo,
Gordon & Co., L.P.,
 As Collateral Manager

			
		
	 by
	 	 /s/ Bradley Pattelli

		 	Name: Bradley Pattelli
		 	 Title: Managing Director

  

			
	 Lender Name:    
	 	 NORTHWOODS CAPITAL V, LIMITED
 By: Angelo, Gordon &
Co., L.P.
 As Collateral Manager

			
		
	 by
	 	 /s/ Bradley Pattelli

		 	 Name: Bradley Pattelli

		 	 Title: Managing Director

  

			
	 Lender Name:    
	 	 NORTHWOODS CAPITAL VI, LIMITED
 By: Angelo, Gordon &
Co., L.P.
 As Collateral Manager

			
		
	 by
	 	 /s/ Bradley Pattelli

		 	 Name: Bradley Pattelli

		 	 Title: Managing Director

  

			
	 Lender Name:    
	 	 OCTAGON INVESTMENT PARTNERS V, LTD.
 By: Octagon Credit
Investors, LLC as Portfolio Manager

			
		
	 by
	 	 /s/ Andrew D. Gordon

		 	 Name: Andrew D. Gordon

		 	 Title: Portfolio Manager

  

			
	 Lender Name:    
	 	 OCTAGON INVESTMENT PARTNERS VI, LTD.
 By: Octagon Credit
Investors, LLC as collateral manager

			
		
	 by
	 	 /s/ Andrew D. Gordon

		 	 Name: Andrew D. Gordon

		 	 Title: Portfolio Manager

  

 34 

			
	 Lender Name:    
	 	 OCTAGON INVESTMENT PARTNERS VII, LTD.
 By: Octagon Credit
Investors, LLC as collateral manager

			
		
	 by
	 	 /s/ Andrew D. Gordon

		 	 Name: Andrew D. Gordon

		 	 Title: Portfolio Manager

  

			
	 Lender Name:    
	 	 OCTAGON INVESTMENT PARTNERS VIII, LTD.
 By: Octagon
Credit Investors, LLC as collateral manager

			
		
	 by
	 	 /s/ Andrew D. Gordon

		 	 Name: Andrew D. Gordon

		 	 Title: Portfolio Manager

  

			
	 Lender Name:    
	 	 OCTAGON INVESTMENT PARTNERS IX, LTD.
 By: Octagon Credit
Investors, LLC as Manager

			
		
	 by
	 	 /s/ Andrew D. Gordon

		 	 Name: Andrew D. Gordon

		 	 Title: Portfolio Manager

  

			
	 Lender Name:    
	 	 OCTAGON INVESTMENT PARTNERS X, LTD.
 By: Octagon Credit
Investors, LLC as Collateral Manager

			
		
	 by
	 	 /s/ Andrew D. Gordon

		 	 Name: Andrew D. Gordon

		 	 Title: Portfolio Manager

  

			
	 Lender Name:    
	 	ORIX FINANCE CORP.

			
		
	 by
	 	 /s/ Christopher L. Smith

		 	 Name: Christopher L. Smith

		 	 Title: Authorized Representative

  

 35 

			
	 Lender Name:    
	 	OSP FUNDING LLC

			
		
	 by
	 	 /s/ Christina L. Ramseur

		 	 Name: Christina L. Ramseur

		 	 Title: Assistant Vice President

  

			
	 Lender Name:    
	 	 PARK AVENUE LOAN TRUST
 By: TCW Advisors, Inc., as
Agent

			
		
	 by
	 	 /s/ G. Wayne Hosang

		 	 Name: G. Wayne Hosang

		 	 Title: Vice President

		
	 by
	 	 /s/ Vikas Mavinkurve

		 	 Name: Vikas Mavinkurve

		 	 Title: Vice President

  

			
	 Lender Name:    
	 	 PETRUSSE EUROPEAN CLO S.A.
 By: INVESCO Senior Secured
Management, Inc. As Collateral Manager

			
		
	 by
	 	 /s/ Karen Klapper

		 	 Name: Karen S. Klapper

		 	 Title: Authorized Signatory

  

			
	 Lender Name:    
	 	 PIMCO FLOATING RATE INCOME FUND
 By: Pacific Investment
Management Company LLC, as its Investment Advisor, acting through Investors Fiduciary Trust Company in the Nominee Name of IFTCO

			
		
	 by
	 	 /s/ Mohan V. Phansalkar

		 	 Name: Mohan V. Phansalkar

		 	 Title: Managing Director

  

 36 

			
	 Lender Name:    
	 	 PIMCO FLOATING RATE STRATEGY FUND
 By: Pacific Investment
Management Company LLC, as its Investment Advisor, acting through Investors Fiduciary Trust Company in the Nominee Name of IFTCO

			
		
	 by
	 	 /s/ Mohan V. Phansalkar

		 	 Name: Mohan V. Phansalkar

		 	 Title: Managing Director

  

			
	 Lender Name:    
	 	PINEHURST TRADING, INC.

			
		
	 by
	 	 /s/ Christina L. Ramseur

		 	 Name: Christina L. Ramseur

		 	 Title: Assistant Vice President

  

			
	 Lender Name:    
	 	PPM MONARCH BAY FUNDING LLC

			
		
	 by
	 	 /s/ Christina L. Ramseur

		 	 Name: Christina L. Ramseur

		 	 Title: Assistant Vice President

  

			
	 Lender Name:    
	 	PPM SHADOW CREEK FUNDING LLC

			
		
	 by
	 	 /s/ Christina L. Ramseur

		 	 Name: Christina L. Ramseur

		 	 Title: Assistant Vice President

  

			
	 Lender Name:    
	 	PUTNAM BANK LOAN FUND (CAYMAN) MASTER FUND, a series of the PUTNAM OFFSHORE MASTER SERIES TRUST, by The Putnam Advisory Company, LLC

			
		
	 by
	 	 /s/ Angela Patel

		 	 Name: Angela Patel

		 	 Title: Vice President

  

 37 

			
	 Lender Name:    
	 	PUTNAM FLOATING RATE INCOME FUND

			
		
	by	 	/s/ Beth Mazor
		 	Name: Beth Mazor
		 	Title: Vice President

  

			
	 Lender Name:    
	 	 SANKATY ADVISORS, LLC
 as Collateral Manager for Race
Point CLO, Limited, as Term Lender

			
		
	by	 	/s/ Susan Lynch
		 	Name: Susan Lynch
		 	Title: Executive Vice President

  

			
	 Lender Name:    
	 	 SANKATY ADVISORS, LLC
 as Collateral Manager for Race
Point II CLO, Limited, as Term Lender

			
		
	by	 	/s/ Susan Lynch
		 	Name: Susan Lynch
		 	Title: Executive Vice President

  

			
	 Lender Name:    
	 	 SANKATY ADVISORS, LLC
 as Collateral Manager for Race
Point III, CLO Ltd. as Term Lender

			
		
	by	 	/s/ Susan Lynch
		 	Name: Susan Lynch
		 	Title: Executive Vice President

  

			
	 Lender Name:    
	 	RIVERSOURCE BOND SERIES, INC. RIVERSOURCE FLOATING RATE FUND

			
		
	by	 	/s/ Robin C. Stancil
		 	Name: Robin C. Stancil
		 	Title: Assistant Vice President

  

 38 

			
	 Lender Name:    
	 	 ROSEDALE CLO, LTD.
 By: Princeton Advisory Group, Inc.
the Collateral Manager acting as attorney-in-fact

			
		
	by	 	/s/ Thomas Brower
		 	Name: Thomas Brower
		 	Title: Senior Analyst

  

			
	 Lender Name:    
	 	 SAGAMORE CLO LTD.
 By: INVESCO Senior Secured Management,
Inc. As Collateral Manager

			
		
	by	 	/s/ Karen Klapper
		 	Name: Karen S. Klapper
		 	Title: Authorized Signatory

  

			
	 Lender Name:    
	 	 SARATOGA CLO I, LIMITED
 By: INVESCO Senior Secured
Management, Inc. As Asset Manager

			
		
	by	 	/s/ Karen Klapper
		 	Name: Karen S. Klapper
		 	Title: Authorized Signatory

  

			
	 Lender Name:    
	 	 SATURN TRUST
 By: AIG Global Investment Corp.,
Inc.
 Its Investment Advisor

			
		
	by	 	/s/ William Kozicki
		 	Name: William Kozicki
		 	Title: Vice President

  

			
	 Lender Name:    
	 	 SENIOR DEBT PORTFOLIO
 By: Boston Management and Research
as Investment Advisor

			
		
	by	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  

 39 

			
	 Lender Name:    
	 	 SEQUILS-CENTURION V, LTD.
 By: RiverSource Investments,
LLC as Collateral Manager

			
		
	by	 	/s/ Robin C. Stancil
		 	Name: Robin C. Stancil
		 	Title: Supervisor – Fixed Income

  

			
	 Lender Name:    
	 	 SERVES 2006-1, LTD.
 By: PPM America, Inc., as Collateral
Manager

			
		
	by	 	/s/ Chris Kappas
		 	Name: Chris Kappas
		 	Title: Managing Director

  

			
	 Lender Name:    
	 	 SOUTHPORT CLO, LIMITED
 By: Pacific Investment Management
Company LLC, as its Investment Advisor

			
		
	by	 	/s/ Mohan V. Phansalkar
		 	Name: Mohan V. Phansalkar
		 	Title: Managing Director

  

			
	 Lender Name:    
	 	 SUNAMERICA LIFE INSURANCE COMPANY
 By: AIG Global
Investment Corp., Inc.
 Its Investment Advisor

			
		
	by	 	/s/ William Kozicki
		 	Name: William Kozicki
		 	Title: Vice President

  

 40 

			
	 Lender Name:    
	 	 TCW SELECT LOAN FUND, LIMITED
 By: TCW Advisors, Inc. as
its Collateral Manager

			
		
	by	 	/s/ Wayne Hosang
		 	Name: G. Wayne Hosang
		 	Title: Vice President
		
	by	 	/s/ Vikas Mavinkurve
		 	Name: Vikas Mavinkurve
		 	Title: Vice President

  

			
	 Lender Name:    
	 	 TCW SENIOR SECURED FLOATING RATE LOAN FUND, L.P.
 By: TCW
Advisors, Inc., as its Investment Advisor

			
		
	by	 	/s/ Wayne Hosang
		 	Name: G. Wayne Hosang
		 	Title: Vice President
		
	by	 	/s/ Vikas Mavinkurve
		 	Name: Vikas Mavinkurve
		 	Title: Vice President

  

			
	 Lender Name:    
	 	 TCW SENIOR SECURED LOAN FUND
 By: TCW Advisors, Inc., as
its Investment Advisor

			
		
	by	 	/s/ Wayne Hosang
		 	Name: G. Wayne Hosang
		 	Title: Vice President
		
	by	 	/s/ Vikas Mavinkurve
		 	Name: Vikas Mavinkurve
		 	Title: Vice President

  

 41 

			
	Lender Name:    	 	 THE NORINCHUKIN BANK, NEW YORK BRANCH, THROUGH STATE STREET BANK AND TRUST COMPANY N.A. AS FIDUCIARY CUSTODIAN
 By: Eaton Vance Management,
 Attorney-in-fact

			
		
	by	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  

			
	Lender Name:    	 	TORONTO DOMINION (NEW YORK), LLC

			
		
	by	 	/s/ Jackie Barrett
		 	Name: Jackie Barrett
		 	Title: Authorized Signatory

  

			
	Lender Name:    	 	 TRIMARAN CLO IV LTD.
 By Trimaran Advisors,
L.L.C.

			
		
	by	 	/s/ David M. Millison
		 	Name: David M. Millison
		 	Title: Managing Director

  

			
	Lender Name:    	 	 TRIMARAN CLO V LTD.
 By Trimaran Advisors,
L.L.C.

			
		
	by	 	/s/ David M. Millison
		 	Name: David M. Millison
		 	Title: Managing Director

  

			
	Lender Name:    	 	 TRIMARAN CLO VI LTD.
 By Trimaran Advisors,
L.L.C.

			
		
	by	 	/s/ David M. Millison
		 	Name: David M. Millison
		 	Title: Managing Director

  

 42 

			
	Lender Name:    	 	 VAN KAMPEN SENIOR INCOME TRUST
 By: Van Kampen Asset
Management

			
		
	by	 	/s/ Christina Jamieson
		 	Name: Christina Jamieson
		 	Title: Executive Director

  

			
	Lender Name:    	 	 VAN KAMPEN SENIOR LOAN FUND
 By: Van Kampen Asset
Management

			
		
	by	 	/s/ Christina Jamieson
		 	Name: Christina Jamieson
		 	Title: Executive Director

  

			
	Lender Name:    	 	 VELOCITY CLO, LTD.
 By: TCW Advisors, Inc., its
Collateral Manager

			
		
	by	 	/s/ G. Wayne Hosang
		 	Name: G. Wayne Hosang
		 	Title: Vice President

  

			
		
	by	 	/s/ Vikas Mavinkurve
		 	Name: Vikas Mavinkurve
		 	Title: Vice President

  

			
	Lender Name:    	 	 VITESSE CLO LTD.
 By: TCW Advisors as its Portfolio
Manager

			
		
	by	 	/s/ G. Wayne Hosang
		 	Name: G. Wayne Hosang
		 	Title: Vice President

  

			
		
	by	 	/s/ Vikas Mavinkurve
		 	 Name: Vikas Mavinkurve

		 	 Title: Vice President

  

 43 

			
	Lender Name:    	 	WATERVILLE FUNDING LLC

			
		
	by	 	/s/ Christina L. Ramseur
		 	Name: Christina L. Ramseur
		 	Title: Assistant Vice President

  

			
	Lender Name:    	 	 WAVELAND – INGOTS, LTD.
 By: Pacific Investment
Management Company LLC, as its Investment Advisor

			
		
	by	 	/s/ Mohan V. Phansalkar
		 	Name: Mohan V. Phansalkar
		 	Title: Managing Director

  

			
	Lender Name:    	 	WB LOAN FUNDING 2, LLC

			
		
	by	 	/s/ Diana M. Himes
		 	Name: Diana M. Himes
		 	Title: Associate

  

			
	Lender Name:    	 	 WIND RIVER CLO II – TATE INVESTORS, LTD.
 By:
McDonnell Investment Management, LLC, as Manager

			
		
	by	 	/s/ Kathleen A. Zarn
		 	Name: Kathleen A. Zarn
		 	Title: Vice President

  

			
	Lender Name:    	 	 WRIGLEY CDO, LTD.
 By: Pacific Investment Management
Company LLC, as its Investment Advisor

			
		
	by	 	/s/ Mohan V. Phansalkar
		 	Name: Mohan V. Phansalkar
		 	Title: Managing Director

  

 44 

			
	Lender Name:    	 	YORKVILLE CBNA LOAN FUNDING LLC

			
		
	by	 	/s/ Roy Hykal
		 	Name: Roy Hykal
		 	Title: Attorney-in-fact

  

 45Form of Rights Agent Agreement

 Exhibit 4.6 
 FORM OF RIGHTS AGENT AGREEMENT 
 Date: June 30, 2006 
 Computershare Trust Company, N.A. 
 88 Pine Street - 19th Floor 

New York, New York 10005 
 Attn. Victor Gregorio 
 Ladies and Gentlemen: 
 Pursuant to a rights offering (the
“Rights Offering”), USG Corporation, a Delaware corporation (the “Company”) is issuing to the holders of record of its outstanding shares of common stock par value $0.10 per share (the “Common Stock”), at the close of
business on June 30, 2006 (the “Record Date”), rights to subscribe for and purchase (each a “Right”) shares of Common Stock (the “Additional Common Stock”) at an exercise price of $40.00 per share of Additional
Common Stock (the “Subscription Price”), payable by wire transfer, cashier’s or certified check, upon the terms and conditions set forth herein. The term “Subscribed” shall mean submitted for purchase from the Company by a
stockholder in accordance with the terms of the Rights Offering, and the term “Subscription” shall mean any such submission. The Rights Offering will expire at 5:00 p.m., New York City Time, on July 27, 2006 (the “Expiration
Time”), unless the Company shall have extended the period of time for which the Rights Offering is open, in which event the term “Expiration Time” shall mean the latest time and date at which the Rights Offering, as so extended by the
Company from time to time, shall expire. 
 The Company filed a Registration Statement relating to the Additional Common Stock with the
Securities and Exchange Commission under the Securities Act of 1933, as amended, on March 3, 2006. The Registration Statement was declared effective on June 29, 2006. The terms of the Rights Offering are more fully described in the
Prospectus forming part of the Registration Statement as it was declared effective, and the accompanying Instructions for Completion of USG Corporation Rights Certificates (the “Instructions”). Copies of the Prospectus, the Instructions
and the Notice of Guaranteed Delivery for Rights Certificates (the “Notice of Guaranteed Delivery”) are annexed hereto as Exhibit 1, Exhibit 2 and Exhibit 3, respectively. Copies of the Nominee Holder Certification, the Beneficial Owner
Election, the Letter to Stockholders, the Letter to Brokers, Dealers and Other Nominees and the Letter to Clients are also annexed hereto as Exhibit 4, Exhibit 5, Exhibit 6, Exhibit 7 and Exhibit 8, respectively. 
 All terms used and not defined herein shall have the same meaning as in the Prospectus. Promptly after the Record Date, the Company will provide you with
a list of holders of Common Stock as of the Record Date (the “Record Stockholders List”). 
 The Rights are evidenced by
transferable rights certificates (the “Rights Certificates”), the form of which is annexed hereto as Exhibit 9. The Rights Certificates entitle the holders to subscribe, upon payment of the Subscription Price, for shares of Additional

 
Common Stock at the rate of 1 share for each Right evidenced by a Rights Certificate (the “Subscription Privilege”). No fractional shares will be
issued. Reference is made to the Prospectus for a complete description of the Subscription Privilege. 
 Exhibits 1 through 8 shall be
referred to collectively in this Agreement as the “Subscription Documents”). 
 The Company hereby appoints you as Rights Agent
(the “Subscription Agent”) for the Rights Offering and agrees with you as follows: 
 1) As Subscription Agent, you are authorized
and directed to: 
  

	 	(A)	Issue the Rights Certificates in accordance with this Agreement in the names of the holders of the Common Stock of record on the Record Date, keep such records as are necessary for
the purpose of recording such issuance, and furnish a copy of such records to the Company. The Rights Certificates may be signed on behalf of the Subscription Agent by the manual or facsimile signature of a Vice President or Assistant Vice President
of the Subscription Agent, or by the manual signature of any of its other authorized officers. 

  

	 	(B)	Promptly after you receive the Record Stockholders List: 

  

	 	(a)	mail or cause to be mailed, by first class mail, to each holder of Common Stock of record on the Record Date whose address of record is within the United States, (i) a
Rights Certificate evidencing the Rights to which such stockholder is entitled under the Rights Offering, (ii) a copy of the Subscription Documents and (iii) a return envelope addressed to the Subscription Agent; and

  

	 	(b)	You shall refrain from mailing Rights Certificates issuable to any holder of Common Stock of record on the Record Date whose address of record is outside the United States, or is an
A.P.O. or F.P.O. address, and hold such Rights Certificates for the account of such stockholder subject to such stockholder making arrangements with the Subscription Agent satisfactory to you and to the Company for the exercise or other disposition
of the Rights evidenced thereby, and follow the instructions of such stockholder for the exercise, sale or other disposition of such Rights if such instructions are received at or before 11:00 a.m., New York City Time, on July 20, 2006.

  

	 	(C)	Mail or deliver a copy of the Prospectus and the other Subscription Documents (i) to each assignee or transferee of Rights upon your receiving appropriate documents to register
the assignment or transfer thereof and (ii) with certificates for shares of Additional Common Stock when such are issued to persons other than the registered holder of the Right. 

  

	 	(D)	Accept Subscriptions upon the due exercise (including payment of the Subscription Price) on or prior to the Expiration Time of Rights in accordance with the terms of the Rights
Certificates and the Prospectus. 

  

 2 

	 	(E)	Subject to the next sentence, accept Subscriptions from stockholders whose Rights Certificates are alleged to have been lost, stolen or destroyed upon receipt by you of an affidavit
of theft, loss or destruction and a bond of indemnity in form and substance reasonably satisfactory to you, accompanied by payment of the Subscription Price for the total number of shares of Additional Common Stock Subscribed for. Upon receipt of
such affidavit and bond of indemnity and compliance with any other applicable requirements, stop orders shall be placed on said Rights Certificates and you shall withhold delivery of the shares of Additional Common Stock Subscribed for until after
the Rights Certificates have expired and it has been determined that the Rights evidenced by the Rights Certificates have not otherwise been purported to have been exercised or otherwise surrendered. 

  

	 	(F)	Accept Subscriptions, without further authorization or direction from the Company, without procuring supporting legal papers or other proof of authority to sign (including without
limitation proof of appointment of a fiduciary or other person acting in a representative capacity), and without signatures of co-fiduciaries, co-representatives or any other person: 

  

	 	(a)	if the Rights Certificate is registered in the name of a fiduciary and is executed by and the Additional Common Stock is to be issued in the name of such fiduciary;

  

	 	(b)	if the Rights Certificate is registered in the name of joint tenants and is executed by one of the joint tenants, provided the certificate representing the Additional Common Stock
is issued in the names of, and is to be delivered to, such joint tenants; 

  

	 	(c)	if the Rights Certificate is registered in the name of a corporation and is executed by a person in a manner which appears or purports to be done in the capacity of an officer, or
agent thereof, provided the Additional Common Stock is to be issued in the name of such corporation; or 

  

	 	(d)	if the Rights Certificate is registered in the name of an individual and is executed by a person purporting to act as such individual’s executor, administrator or personal
representative, provided, the Additional Common Stock is to be registered in the name of the subscriber as executor or administrator of the estate of the deceased registered holder and there is no evidence indicating the subscriber is not the duly
authorized representative that he purports to be. 

  

	 	(G)	 Accept Subscriptions that are not accompanied by Rights Certificates if submitted by a firm having membership in the New York Stock Exchange or another national
securities exchange or by a commercial bank or trust company having an office in the United States together with the Notice of Guaranteed Delivery and accompanied by proper payment for the total number of shares of Additional Common Stock Subscribed
for; provided that the Subscription Agent shall notify the Company immediately and 

  

 3 

	 	 
revoke the acceptance of a Subscription if the properly completed Rights Certificate relating to such Subscription is not delivered in the manner and by the
deadline set forth in such Notice of Guaranteed Delivery. 

  

	 	(H)	Accept Subscriptions and receive funds through the Depositary Trust Company for participating holders of Rights. 

  

	 	(I)	Sell Rights on behalf of holders of such Rights in the manner set forth in the Prospectus and in accordance with the terms of the Rights Certificate and the Prospectus (including
terms providing for a $5.00 fee per sale transaction for each holder of Rights whose Rights are sold in that transaction). 

  

	 	(J)	Refer to the Company for specific instructions as to acceptance or rejection, Subscriptions received after the Expiration Time, Subscriptions not authorized to be accepted pursuant
to this Paragraph 1, and Subscriptions otherwise failing to comply with the requirements of the Prospectus and the terms and conditions of the Rights Certificates. 

  

	 	(K)	Promptly following the Expiration Time you shall distribute to the Company the funds in an account specified by the Company in writing within two business days prior to the
Expiration Time and issue certificates for shares of Additional Common Stock issuable with respect to Subscriptions which have been accepted. 

  

	 	(L)	Advise the Company on the close of business on each business day up to and including the Expiration Time, by email or facsimile, to the attention of Ellis A. Regenbogen (the
“Company Representative”), as to the total number of shares of Additional Common Stock Subscribed for, total number of Rights sold and the amount of funds received, with cumulative totals for each; and in addition advise the Company
Representative, by telephone ((312) 606-5978), confirmed by email or facsimile, of the amount of funds received identified in accordance with (K) above, deposited, available or transferred in accordance with (K) above, with cumulative
totals. 

  

	 	(M)	As promptly as possible but in any event on or before 3:30 p.m., New York City Time, on the first full business day following the Expiration Time, advise the Company Representative
in accordance with (L) above of the number of shares Subscribed for, the number of Subscription guarantees received and the number of shares of Additional Common Stock unsubscribed for. 

  

	 	(N)	Upon completion of the Rights Offering, you shall requisition certificates from the transfer agent for the Company (the “Transfer Agent”) for the Common Stock for shares
of Additional Common Stock Subscribed for. 

  

	 	(O)	 Prior to the Expiration Time, exercises of Rights may be withdrawn upon transmittal to you of a Notice of Withdrawal meeting the requirements set forth in the
Prospectus and the Instructions. Upon receipt of a Notice of Withdrawal meeting such requirements, you will promptly return the Rights Certificates and Subscription Price to which such Notice of Withdrawal 

  

 4 

	 	 
relates in accordance with the instructions contained in the Notice of Withdrawal. 

 2) (A) The Rights Certificates shall be issued in registered form only. The Company shall appoint and have in office at all times a Transfer Agent and
Registrar for the Rights, which shall keep books and records of the registration and transfers and exchanges of Rights (such books and records are hereinafter called the “Right Register”). The Company shall promptly notify the Transfer
Agent and Registrar of the exercise of any Rights. The Company shall promptly notify you of any change in the Transfer Agent and Registrar of the Rights. 
  

	 	(B)	All Rights Certificates issued upon any registration of transfer or exchange of Rights shall be the valid obligations of the Company, evidencing the same obligations, and entitled
to the same benefits under this Agreement, as the Rights Certificates surrendered for such registration of transfer or exchange. 

  

	 	(C)	Any Rights Certificate when duly endorsed in blank shall be deemed negotiable, and when a Rights Certificate shall have been so endorsed the holder thereof may be treated by the
Company, you and all other persons dealing therewith as the absolute owner thereof for any purpose and as the person entitled to exercise the rights represented thereby, any notice to the contrary notwithstanding, but until such transfer is
registered in the Right Register, the Company and you may treat the registered holder thereof as the owner for all purposes. 

 3) You will follow your regular procedures to attempt to reconcile any discrepancies between the number of shares of Additional Common Stock that any Rights Certificate may indicate are to be issued to a stockholder and the number that the
Record Stockholders List indicates may be issued to such stockholder. In any instance where you cannot reconcile such discrepancies by following such procedures, you will consult with the Company for instructions as to the number of shares of
Additional Common Stock, if any, you are authorized to issue. In the absence of such instructions, you are authorized not to issue any shares of Additional Common Stock to such stockholder. 
 4) You will examine the Rights Certificates received by you as Subscription Agent to ascertain whether they appear to you to have been completed and
executed in accordance with the Instructions. In the event you determine that any Rights Certificate does not appear to you to have been properly completed or executed, or where the Rights Certificates do not appear to you to be in proper form for
Subscription, or any other irregularity in connection with the Subscription appears to you to exist, you will follow, where possible, your regular procedures to attempt to cause such irregularity to be corrected. You are not authorized to waive any
irregularity in connection with the Subscription, unless you shall have received from the Company the Rights Certificate which was delivered, duly dated and signed by an authorized officer of the Company, indicating that any irregularity in such
Rights Certificate has been cured or waived and that such Rights Certificate has been accepted by the Company. If any such irregularity is neither corrected nor waived, you will return to the subscribing stockholder (by overnight delivery) to such
stockholder’s address as set forth in the Subscription any Rights Certificates surrendered in connection therewith and any other documents received with such Rights Certificates, and a letter of notice explaining the reasons for the return of
the Rights Certificates and other documents. 
  

 5 

 5) Each document received by you relating to your duties hereunder shall be dated and time stamped when
received. 
 6) (A) For so long as this Agreement shall be in effect, the Company will reserve for issuance and keep available free from
preemptive rights a sufficient number of shares of Additional Common Stock to permit the exercise in full of all Rights issued pursuant to the Rights Offering. Subject to the terms and conditions of this Agreement, you will request the Transfer
Agent for the Common Stock to issue certificates evidencing the appropriate number of shares of Additional Common Stock as required from time to time in order to effectuate the Subscriptions. 
  

	 	(B)	The Company shall take any and all reasonable action, including without limitation obtaining the authorization, consent, lack of objection, registration or approval of any
governmental authority, or the taking of any other reasonable action under the laws of the United States of America or any political subdivision thereof, to insure that all shares of Additional Common Stock issuable upon the exercise of the Rights
at the time of delivery of the certificates therefor (subject to payment of the Subscription Price) will be duly and validly issued and fully paid and nonassessable shares of Common Stock, free from all preemptive rights and taxes, liens, charges
and security interests created by or imposed upon the Company with respect thereto. 

  

	 	(C)	The Company shall from time to time take all reasonable action necessary or appropriate to obtain and keep effective all registrations, permits, consents and approvals of the
Securities and Exchange Commission and any other governmental agency or authority and make such filings under United States federal and state laws which may be necessary or appropriate in connection with the issuance, sale, transfer and delivery of
Rights or Additional Common Stock issued upon exercise of Rights. 

 7) If certificates representing shares of Additional
Common Stock are to be delivered by you to a person other than the person in whose name a surrendered Rights Certificate is registered, you will issue no certificate for Additional Common Stock until the Rights Certificate so surrendered has been
properly endorsed (or otherwise put in proper form for transfer) and the person requesting such exchange has paid any transfer or other taxes or governmental charges required by reason of the issuance of a certificate for Additional Common Stock in
a name other than that of the registered holder of the Rights Certificate surrendered, or has established to your reasonable satisfaction that any such tax or charge either has been paid or is not payable. 
 8) Should any issue arise regarding federal income tax reporting or withholding, you will take such action as the Company instructs you in writing.

 9) The Company may terminate this Agreement at any time by so notifying you in writing. You may terminate this Agreement upon 30
days’ prior notice to the Company. Upon any such termination, you shall be relieved and discharged of any, further responsibilities with respect to your duties hereunder. Upon payment of all your outstanding fees and expenses, you will forward
to the Company or its designee promptly any Rights Certificate or other document relating to your duties hereunder that you may receive after your appointment has so 

  

 6 

 
terminated. Sections 10, 12, and 13 of this Agreement shall survive any termination of this Agreement. 
 10) As agent for the Company hereunder you: 
  

	 	(A)	shall have no duties or obligations other than those specifically set forth herein or as may subsequently be agreed to in writing by you and the Company; 

 

	 	(B)	shall have no obligation to issue any shares of Additional Common Stock unless the Company shall have provided a sufficient number of certificates for such Additional Common Stock;

  

	 	(C)	shall be regarded as making no representations and having no responsibilities as to the validity, sufficiency, value, or genuineness of any Rights Certificates surrendered to you
hereunder or shares of Additional Common Stock issued in exchange therefor, and will not be required to or be responsible for and will make no representations as to, the validity, sufficiency, value or genuineness of the Rights Offering;

  

	 	(D)	shall not be obligated to take any legal action hereunder; if, however, you determine to take any legal action hereunder, and where the taking of such action might, in your
judgment, subject or expose you to any expense or liability you shall not be required to act unless you shall have been furnished with an indemnity reasonably satisfactory to you; 

  

	 	(E)	may rely on and shall be fully authorized and protected in acting or failing to act upon any certificate, instrument, opinion, notice, letter, telegram, telex, facsimile
transmission or other document or security delivered to you and believed by you to be genuine and to have been signed by the proper party or parties; 

  

	 	(F)	shall not be liable or responsible for any recital or statement contained in the Prospectus or any other documents relating thereto; 

  

	 	(G)	shall not be liable or responsible for any failure on the part of the Company to comply with any of its covenants and obligations relating to the Rights Offering, including without
limitation obligations under applicable securities laws; 

  

	 	(H)	may rely on and shall be fully authorized and protected in acting or failing to act upon the written, telephonic or oral instructions with respect to any matter relating to you
acting as Subscription Agent covered by this Agreement (or supplementing or qualifying any such actions) of officers of the Company; 

  

	 	(I)	may consult with counsel reasonably satisfactory to you, and the advice of such counsel shall be full and complete authorization and protection in respect of any action taken,
suffered, or omitted by you hereunder in good faith and in accordance with the advice of such counsel; 

  

 7 

	 	(J)	may perform any of your duties hereunder either directly or by or through agents or attorneys; and 

  

	 	(K)	are not authorized, and shall have no obligation, to pay any brokers, dealers, or soliciting fees to any person. 

 11) In the event any question or dispute arises with respect to the proper interpretation of the Rights Offering or your duties hereunder or the rights
of the Company or of any stockholders surrendering Rights Certificates pursuant to the Rights Offering, you shall not be required to act unless you have been furnished with indemnity reasonably satisfactory to you. 
 12) Any instructions given to you orally, as permitted by any provision of this Agreement, shall be confirmed in writing by the Company as soon as
practicable. You shall not be liable or responsible and shall be fully authorized and protected for acting, or failing to act, in accordance with any oral instructions which do not conform with the written confirmation received in accordance with
this Section. 
 13) Whether or not any Rights Certificates are surrendered to you, for your services as Subscription Agent hereunder, the
Company shall pay to you compensation in accordance with Exhibit A attached hereto, together with reimbursement for out-of-pocket expenses, including reasonable fees and disbursements of counsel (subject to advance approval by the Company) subject
to the receipt of reasonably satisfactory documentation thereof and in accordance with Exhibit A; provided that any fees relating to the sale of Rights by you on behalf of holders of Rights shall be taken from the proceeds of such sale as set forth
in the Prospectus and shall not be paid by the Company. 
 14) Each of the Company and Computershare agrees to defend, indemnify and hold
harmless the other party and its affiliates and each of its directors, officers, employees, attorneys and agents (collectively, the “Indemnified Parties”), from and against all demands, claims, liabilities, losses, damages, settlements,
awards, judgments, fines, penalties, costs or expenses (including, without limitation, reasonable attorneys’ fees) (collectively, “Losses”) incurred as a result of or relating to acceptance of this Agreement or provision of services
under this Agreement; provided, however, that no Indemnified Party shall have the right to be indemnified hereunder for any liability to the extent finally determined by a court of competent jurisdiction that such Losses have resulted directly from
the default, bad faith, gross negligence or willful misconduct of such Indemnified Party; provided further, however, that except for any Losses that are finally determined by a court of competent jurisdiction to have resulted directly from the gross
negligence or willful misconduct of Computershare, its affiliates or any of its directors, officers, employees, attorneys and agents, Computershare’s aggregate indemnification obligations under this Section 14 with respect to, arising from
or in connection with this Agreement or from services provided or omitted to be provided hereunder, is limited to, and shall not exceed, amounts paid hereunder by the Company. 
 15) If any provision of this Agreement shall be held illegal, invalid, or unenforceable by any court, this Agreement shall be construed and enforced as
if such provision had not been contained herein and shall be deemed an Agreement among us to the full extent permitted by applicable law. 
 16) The Company represents and warrants that (a) it is duly incorporated, validly existing and in good standing under the laws of the State of Delaware, (b) the making and consummation of the Rights Offering and the execution,
delivery and performance of all 

  

 8 

 
transactions contemplated thereby (including without limitation this Agreement) have been duly authorized by all necessary corporate action and will not
result in a breach of or constitute a default under the certificate of incorporation or bylaws of the Company or any material indenture, agreement or instrument to which it is a party or is bound, (c) this Agreement has been duly executed and
delivered by the Company and constitutes the legal, valid, binding and enforceable obligation of it, subject to applicable bankruptcy, insolvency, reorganization, moratorium, liquidation, fraudulent conveyance and other similar laws or principles of
equity affecting creditors’ rights and remedies generally, (d) the Rights Offering will comply in all material respects with all applicable requirements of law and (e) to the best of its knowledge, there is no litigation pending or
threatened against the Company as of the date hereof in connection with the Rights Offering. 
 17) In the event that any claim of
inconsistency between this Agreement and the terms of the Rights Offering arise, as they may from time to time be amended, the terms of the Rights Offering shall control, except with respect to the duties, liabilities and rights, including
compensation and indemnification of you as Subscription Agent, which shall be controlled by the terms of this Agreement. 
 18) Set forth in
Exhibit B hereto is a list of the names and specimen signatures of the persons authorized to act for the Company under this Agreement. The Secretary of the Company shall, from time to time, certify to you the names and signatures of any other
persons authorized to act for the Company under this Agreement. 
 19) Except as expressly set forth elsewhere in this Agreement, all
notices, instructions and communications under this Agreement shall be in writing, shall be effective upon receipt and shall be addressed, if to the Company, to its address set forth beneath its signature to this Agreement, or, if to the
Subscription Agent, to Computershare Trust Company, N.A., 88 Pine Street, 19th Floor, New York, New York 10005,
Attention: Reorganization Department, or to such other address as a party hereto shall notify the other parties. 
 20) This Agreement shall
be governed by and construed in accordance with the laws of the State of New York, without giving effect to conflict of laws rules or principles, and shall inure to the benefit of and be binding upon the successors and assigns of the parties hereto;
provided that this Agreement may not be assigned by any party without the prior written consent of all other parties. 
 21) No provision of
this Agreement may be amended, modified or waived, except in a written document signed by both parties. 
 22) This Agreement may be executed
in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 [signature page follows] 
  

 9 

 Please acknowledge receipt of this letter and confirm your agreement concerning your appointment as
Subscription Agent, and the arrangements herein provided, by signing and returning the enclosed copy hereof, whereupon this Agreement and your acceptance of the terms and conditions herein provided shall constitute a binding Agreement between us.

  

			
	Very truly yours,
	
	USG CORPORATION
		
	By:	 	  
		 	Name:
		 	Title:
		 	Address for notices:

  

			
	 Accepted as of the date
 above first
written:

	
	 COMPUTERSHARE TRUST COMPANY, N.A.,
 AS RIGHTS
AGENT

		
	By:	 	  
		 	Name:
		 	Title:

  

 10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]