Exhibit 4.10
Young & Rubicam Inc.
3% Convertible Subordinated Notes due 2005
AMENDMENT TO REGISTRATION AGREEMENT
New York, New York
_______ __, 2000
Reference is made to that certain Registration Agreement (the
"Registration Agreement"), dated January 20, 2000, between Young & Rubicam
Inc. (the "Company") and the initial purchasers of the Company's 3%
Convertible Subordinated Notes due 2005 (the "Securities"). All capitalized
terms used herein without definition shall have the meanings set forth in the
Registration Agreement.
Section 6(b) of the Registration Agreement provides that the
Registration Agreement may be amended with the written consent of Holders of
a majority of the outstanding aggregate principal amount of Securities
registered under a Shelf Registration Statement.
On April 17, 2000, the Company filed a shelf Registration Statement on
Form S-3 covering the resale of all of the outstanding Securities, and this
Registration Statement as amended was declared effective on July __, 2000.
The Holders of at least a majority of the outstanding aggregate
principal amount of the Securities have duly consented to the amendment of
the Registration Agreement as provided herein.
All other acts necessary to make this Amendment a valid, binding and
enforceable instrument and all of the conditions and requirements set forth
in the Registration Agreement have been performed and fulfilled and the
execution and delivery of this Amendment have been in all respects duly
authorized.
Accordingly, the Company is hereby amending the Registration Agreement
to include the following provision:
-1-
7. RELEASE. As of ___________, 2000, the Company shall be released
from its obligations under Sections 2 and 3 of this Agreement, and from and
after such date, the Company shall have no further obligations thereunder.
YOUNG & RUBICAM INC.
By:
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Name:
Title:
