1
EXHIBIT 10.10
The New D&B Corporation
Xxx Xxxxxxx Xxxx Xxxx
Xxxxxx Xxxx, Xxx Xxxxxx 00000
September __, 2000
Xxxxxx X. Witznitzer, Esq.
X.X. Xxxxxxxxx Corporation
Xxx Xxxxxxxxxxxxxx Xxxx
Xxxxxxxx, Xxx Xxxx 00000
Dear Sir:
Reference is made to the Distribution Agreement (the "1998
Distribution Agreement"), dated as of June 30, 1998, between The Dun &
Bradstreet Corporation, now known as "X.X. Xxxxxxxxx Corporation" ("Historical
D&B"), and The New Dun & Bradstreet Corporation, now known as "The Dun &
Bradstreet Corporation" ("D&B"). D&B has announced its intention to separate
into two separate companies through a distribution (the "2000 Distribution") to
its stockholders of all of the shares of common stock of its subsidiary The New
D&B Corporation ("New D&B"). In Section 8.9(b) of the 1998 Distribution
Agreement, D&B agreed not to make a distribution such as the 2000 Distribution
unless it caused the distributed entity to undertake to Historical D&B to be
jointly and severally liable for all D&B Liabilities (as defined in the 1998
Distribution Agreement). Therefore, in accordance with Section 8.9(b) of the
1998 Distribution Agreement and intending to be legally bound hereby, from and
after the effective time of the 2000 Distribution, New D&B undertakes to
Historical D&B to be jointly and severally liable with D&B for all D&B
Liabilities under the 1998 Distribution Agreement.
Very truly yours,
THE NEW D&B CORPORATION
By:___________________________
Name:
Title:
