The Washington Post Company Washington, D.C. 20071Letter Agreement • August 5th, 2013 • Washington Post Co • Services-educational services • Delaware
This letter (this “Letter Agreement”) confirms the binding agreement between The Washington Post Company, a Delaware corporation (the “Seller”), Nash Holdings LLC, a Delaware limited liability company (the “Purchaser”), and, solely to the extent provided herein, Explore Holdings LLC, a Washington limited liability company (the “Guarantor”), regarding the sale to the Purchaser of the Post Business (as defined in Section 1). The principal binding terms are set forth in this Letter Agreement. Following execution of this Letter Agreement, the parties and their counsel will promptly prepare a definitive Securities Purchase Agreement (the “Purchase Agreement”) and other applicable definitive documentation (together with the Purchase Agreement, the “Transaction Documents”) providing for the transactions contemplated by this Letter Agreement (the “Transactions”) on terms that are consistent with this Letter Agreement and customary for agreements regarding transactions of this type. The parties
