STANDBY PURCHASE AGREEMENT by and among Idearc Inc. and Paulson & Co. Inc.Standby Purchase Agreement • November 20th, 2009 • Idearc Inc. • Miscellaneous publishing • New York
STANDBY PURCHASE AGREEMENT, dated as of November 18, 2009 (this “Agreement”), among Idearc Inc., Debtor and Debtor-in-Possession, a Delaware corporation (the “Company”), and the investment funds and accounts managed by Paulson & Co. Inc. (“Paulson”) set forth on Schedule 1 (the “Standby Purchasers”). All capitalized terms used herein have the meanings ascribed to such terms in Section 1 or ascribed to them in the Chapter 11 plan of reorganization of the Company and its U.S. subsidiaries, dated as of September 9, 2009 and supplemented as of October 29, 2009, a copy of which is attached hereto as Exhibit A (the “Existing Plan”).
