Exhibit 10.1(C)

 

AMENDMENT NO. 2 TO

AMENDED AND RESTATED SHAREHOLDER’S AGREEMENT

REGARDING NIELSEN HOLDINGS N.V.

THIS AMENDMENT NO. 2 (this “Amendment”), effective , 2012, to that certain
Amended and Restated Shareholder’s Agreement regarding Nielsen Holdings N.V.
dated January 31, 2011 (the “Agreement”) by and among AlpInvest, Blackstone,
Carlyle, Centerview, Hellman & Friedman, KKR, Thomas H. Lee Partners, Valcon
Acquisition Holding (Luxembourg) S.à r.l., Nielsen Holdings N.V. (the
“Company”), Valcon Acquisition B.V. and The Nielsen Company B.V. (the foregoing
collectively referred to herein as the “Parties”). All capitalized terms used in
this Amendment but not defined herein shall have the meaning ascribed to such
terms under the Agreement.

WHEREAS, the Parties desire to amend the Agreement as provided herein to change
the size and composition of the Board of Directors of the Company for so long as
the Company is a Controlled Company, including reducing the size of the Board of
Directors of the Company to 11 members and providing that each of Blackstone,
Carlyle, KKR and Thomas H. Lee Partners will have the right to designate one
director each to the Board of Directors of the Company rather than two
directors; and

WHEREAS, Section 11.1 of the Agreement provides that the Agreement may be
amended by a written instrument signed by the parties thereto.

NOW, THEREFORE, in consideration of the mutual agreements specified in this
Amendment, the Parties hereby agree as follows:

 

  1. Amendment to Agreement.

 

  (a) Section 3.1.1 of the Agreement is hereby amended by:

 

  (i) Deleting “15 (fifteen)” where it appears in Section 3.1.1(a) and replacing
it with “11 (eleven)”

 

  (ii) Deleting “10” where it appears in Section 3.1.1(a)(i) and replacing it
with “6”;

 

  (iii) Deleting “of which two individuals shall be nominated at the direction
of each of Blackstone, Carlyle, KKR and Thomas H. Lee Partners and of which one
individual shall be nominated at the direction of each of Centerview and
Hellman & Friedman” where it appears in Section 3.1.1(a)(i) and replacing it
with “of which one individual shall be nominated at the direction of each of
Blackstone, Carlyle, KKR, Thomas H. Lee Partners, Centerview and Hellman &
Friedman”; and

 

  (iv) Deleting “the Nielsen Holdings Board acting upon the recommendations of
the Nomination and Corporate Governance Committee” where it appears in
Section 3.1.1(a)(i) and replacing it with “Luxco”.

 

  (b) Section 5.2 of the Agreement is hereby amended by:

 

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  (i) Deleting “14 (fourteen)” where it appears in Section 5.2.1 and replacing
it with “10 (ten)”

 

  2. Governing Law. The laws of the State of New York shall govern the
interpretation, validity and performance of the terms of this Amendment, except
to the extent that the matter in question is mandatorily required to be governed
by Luxembourg law or Dutch law, in which case it will be governed by the
applicable provisions of such law.

 

  3. No Other Amendments. Except to the extent expressly amended by this
Amendment, all terms of the Agreement shall remain in full force and effect
without amendment, change or modification.

 

  4. Counterparts. This Amendment may be executed in counterparts, and by
different parties on separate counterparts, each of which shall be deemed an
original, but all such counterparts shall together constitute one and the same
instrument.

[remainder of page left intentionally blank]

 

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IN WITNESS WHEREOF, each of the following have executed this Amendment as of
this              day of             , 2012.

 

NIELSEN HOLDINGS N.V. By:  

 

  Name:   Title: VALCON ACQUISITION B.V By:  

 

  Name:   Title: THE NIELSEN COMPANY B.V By:  

 

  Name:   Title:

VALCON ACQUISITION HOLDING

(LUXEMBOURG) S.À R.L.

By:  

 

  Name:   Title:

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ALPINVEST PARTNERS CS INVESTMENTS
2006 C.V. By: AlpInvest Partners 2006 B.V., its general partner By: AlpInvest
Partners B.V., its managing director By:  

 

  Name:   Title: ALPINVEST PARTNERS LATER STAGE CO-INVESTMENTS CUSTODIAN II-A,
BV By: AlpInvest Partners B.V., its managing director

By:

 

 

  Name:   Title:

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BLACKSTONE CAPITAL PARTNERS (CAYMAN) V, L.P. By:  

             

  Name:   Title: BLACKSTONE FAMILY INVESTMENT PARTNERSHIP (CAYMAN) V, L.P. By:  

             

  Name:   Title: BLACKSTONE PARTICIPATION PARTNERSHIP (CAYMAN) V, L.P. By:  

             

  Name:   Title: BLACKSTONE CAPITAL PARTNERS (CAYMAN) V-A, L.P.

By:

 

             

  Name:   Title: BLACKSTONE FAMILY INVESTMENT PARTNERSHIP (CAYMAN) V-SMD, L.P.
By:  

             

  Name:   Title:

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BCP (CAYMAN) V-S, L.P.

By:

 

 

  Name:   Title: BCP V CO-INVESTORS (CAYMAN), L.P.

By:

 

 

  Name:   Title:

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CARLYLE PARTNERS IV CAYMAN, L.P.

By:

 

 

  Name:   Title: CP IV COINVESTMENT CAYMAN, L.P.

By:

 

 

  Name:   Title: CEP II PARTICIPATIONS S.À R.L. SICAR

By:

 

 

  Name:   Title:

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CENTERVIEW CAPITAL, L.P. By: Centerview Partners GP, L.P. Its General Partner
By: Centerview Capital GP, LLC Its General Partner By:  

 

  Name:   Title: CENTERVIEW EMPLOYEES, L.P. By:Centerview Capital GP, LLC Its
General Partner By:  

 

  Name:   Title: CENTERVIEW VNU LLC By:   Centerview Capital Holdings LLC, its
Managing Member By:  

 

  Name:   Title:

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HELLMAN & FRIEDMAN CAPITAL PARTNERS V (CAYMAN), L.P. By: Hellman & Friedman
Investors V (Cayman), L.P. By: Hellman & Friedman Investors V (Cayman), Ltd. By:
 

 

  Name:   Title: HELLMAN & FRIEDMAN CAPITAL PARTNERS V (CAYMAN PARALLEL), L.P.
By: Hellman & Friedman Investors V (Cayman), L.P. By: Hellman & Friedman
Investors V (Cayman), Ltd.

By:

 

 

  Name:   Title: HELLMAN & FRIEDMAN CAPITAL ASSOCIATES V (CAYMAN), L.P. By:
Hellman & Friedman Investors V (Cayman), L.P. By: Hellman & Friedman Investors V
(Cayman), Ltd.

By:

 

 

  Name:   Title:

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KKR VNU (MILLENIUM) L.P. By:   KKR VNU (Millennium) Limited   its General
Partner   By:  

 

  Name:   Title: KKR MILLENNIUM FUND (OVERSEAS), LIMITED PARTNERSHIP By:   KKR
Associates Millennium (Overseas), Limited Partnership   its General Partner By:
  KKR Millennium Limited   its General Partner By:  

 

  Name:   Title: KKR VNU EQUITY INVESTORS, L.P. By:   KKR VNU GP Limited   its
General Partner By:  

 

  Name:   Title:

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THOMAS H. LEE INVESTORS LIMITED PARTNERSHIP

By:

 

 

  Name:   Title: THOMAS H. LEE (ALTERNATIVE) PARALLEL FUND V, L.P.

By:

 

 

  Name:   Title: THOMAS H. LEE (ALTERNATIVE) CAYMAN FUND V, L.P.

By:

 

 

  Name:   Title: THOMAS H. LEE (ALTERNATIVE) FUND VI, L.P.

By:

 

 

  Name:   Title: THOMAS H. LEE (ALTERNATIVE) PARALLEL FUND VI, L.P.

By:

 

 

  Name:   Title: THOMAS H. LEE (ALTERNATIVE) PARALLEL (DT) FUND VI, L.P.

By:

 

 

  Name:   Title:

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PUTNAM INVESTMENT HOLDINGS, LLC By:  

 

  Name:   Title: PUTNAM INVESTMENTS EMPLOYEES’ SECURITIES COMPANY I LLC By:  

 

  Name:   Title: PUTNAM INVESTMENTS EMPLOYEES’ SECURITIES COMPANY II LLC By:  

 

  Name:   Title: PUTNAM INVESTMENTS EMPLOYEES’ SECURITIES COMPANY III LLC By:  

 

  Name:   Title:

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THL FUND VI (ALTERNATIVE) CORP. By:  

 

  Name:   Title: THL COINVESTMENT PARTNERS, L.P. By:  

 

  Name:   Title: THL EQUITY FUND VI INVESTORS (VNU), L.P. By:  

 

  Name:   Title: THL EQUITY FUND VI INVESTORS (VNU) II, L.P. By:  

 

  Name:   Title: THL EQUITY FUND VI INVESTORS (VNU) III, L.P. By:  

 

  Name:   Title: THL EQUITY FUND VI INVESTORS (VNU) IV, L.P. By:  

 

  Name:   Title: