Exhibit 10.20
ASSIGNMENT AND ASSUMPTION
AGREEMENT
THIS ASSIGNMENT AND ASSUMPTION
AGREEMENT (this “ Agreement ”) is entered into
as of April 16, 2008 (the “ Effective Date
”), by and between Welsh, Carson, Anderson & Stowe
IX, L.P., a Delaware limited partnership (“ Assignor
”), Local Insight Regatta Holdings, Inc., a Delaware
corporation (“ Assignee ”), and Local Insight
Media, Inc., a Delaware corporation (“ Consultant
”). Assignor, Assignee and Consultant are each individually
referred to herein as a “ Party ,” and
collectively referred to as the “ Parties
.”
RECITALS
WHEREAS, Assignor desires to assign
to Assignee, and Assignee desires to assume, all Assignor’s
rights and obligations under that certain Consulting Agreement (the
“ Consulting Agreement ”) dated as of
January 3, 2007, by and between Assignor and
Consultant;
WHEREAS, the Consulting Agreement
permits Assignor to assign its rights and obligations under the
Consulting Agreement with Consultant’s prior written consent;
and
WHEREAS, Consultant is
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