EXCHANGE AGENT AGREEMENTExchange Agent Agreement • March 26th, 2012 • Directv • Communications services, nec • New York
DIRECTV Holdings LLC, a Delaware limited liability company (the "Company"), DIRECTV Financing Co., Inc., a Delaware corporation (the "Co-Issuer"), and DIRECTV, DIRECTV Enterprises, LLC, DIRECTV Customer Services, Inc., DIRECTV Merchandising, Inc., DIRECTV, LLC, DIRECTV Home Services LLC and LABC Productions, LLC (the "Guarantors" and together with the Company and the Co-Issuer, the "Issuers") propose to make an offer (the "Exchange Offer") to exchange all of the Issuers' outstanding unregistered 2.400% Senior Notes Due 2017, 3.800% Senior Notes Due 2022 and 5.150% Senior Notes Due 2042 (the "Old Securities") for the Issuers' registered 2.400% Senior Notes Due 2017, 3.800% Senior Notes Due 2022 and 5.150% Senior Notes Due 2042 (the "New Securities"). The terms and conditions of the Exchange Offer as currently contemplated are set forth in a prospectus, dated , 2012 (the "Prospectus"), proposed to be distributed to all record holders of the Old Securities. The Old Securities and the New
