Document:

EX-10.4

 Exhibit 10.4 

TRANSACTION FEE AGREEMENT 

TRANSACTION FEE AGREEMENT, dated as of March 22, 2013 (this “Agreement”), by and among MCGRAW-HILL GLOBAL EDUCATION
HOLDINGS, LLC, a Delaware limited liability company (the “Company”), and APOLLO GLOBAL SECURITIES, LLC, a Delaware limited liability company (“Apollo”). 

RECITALS 
 WHEREAS, Apollo
has expertise in the areas of finance, strategy, investment, acquisitions and other matters relating to the Company, its direct and indirect divisions and subsidiaries, parent entities and controlled affiliates (collectively, the “Company
Group”) and their businesses; 
 WHEREAS, the Company has availed itself of Apollo’s expertise related to the business and
affairs of the Company Group and the review and analysis of certain financial and other transactions; and 
 WHEREAS, the Company agrees
that it is in its best interest to enter into this Agreement whereby, for the consideration specified herein, Apollo has provided and shall provide the services identified herein as an independent consultant to the Company Group. 

NOW, THEREFORE, in consideration of the foregoing, and the mutual agreements and covenants set forth herein and other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
  

	 	Section 1.	Retention of Apollo. 

 This letter serves to confirm the retention by the Company of
Apollo to provide structuring and financial services to the Company upon the terms and conditions set forth in this Agreement. 
  

	 	Section 2.	Term. 

 This Agreement shall commence on, and shall be effective from, the date hereof
and shall terminate upon the Termination Date (as defined in the Management Fee Agreement, dated as of March 22, 2013, by and among the Company and Apollo Management VII, L.P.); provided, that the obligations of the Company Group
pursuant to Sections 3, 4(c), 4(d), and 5 and the provisions of Section 7 through Section 15 shall survive any termination of this Agreement. 

 

	 	Section 3.	Transaction Services. 

 (a) The Company acknowledges and agrees that Apollo has
(i) structured the acquisition and the other transactions contemplated by the Purchase and Sale Agreement, dated as of November 26, 2012, by and between the Company, The McGraw-Hill Companies, Inc., the Sellers (as defined therein) and
McGraw-Hill Education LLC (as may be amended from time to time, the “Purchase Agreement”), (ii) arranged for financing in connection with the transactions contemplated by the Purchase Agreement, including bank financing and a
high yield debt offering (the “Acquisition Financing”) and (iii) provided other services in connection with the transactions contemplated by the Purchase Agreement and the Acquisition Financing. 

 (b) The Company acknowledges and agrees that it may, pursuant to Section 6 hereof, engage
Apollo to provide investment banking, financing or other financial advisory serves in connection with an Additional Transaction (as defined below) after the date hereof. 

(c) Apollo shall perform all services to be provided hereunder as an independent contractor to the Company Group and not as an employee, agent
or representative of any member of the Company Group. Apollo shall have no authority to act for or to bind any member of the Company Group while acting in its capacity as an advisor to the Company Group under this Agreement without the
Company’s prior written consent. 
 (d) This Agreement shall in no way prohibit Apollo, its Affiliates, or any of its or its
Affiliates’ current or former limited partners, general partners, directors, members, officers, managers, employees, agents, advisors or representatives from engaging in other activities or performing services for its or their own account or
for the account of others, including for any Person that may be in competition with any business of any member of the Company Group. 
 (e)
Any advice or opinions provided by Apollo may not be disclosed or referred to publicly or to any third party (other than Holding’s, the Company’s or any of their affiliates’ legal, tax, financial or other advisors), except in
accordance with Apollo’s prior written consent. 
  

	 	Section 4.	Compensation. 

 (a) As consideration for services rendered as set forth in
Section 2(a), the Company agrees to pay to Apollo a nonrefundable fee of $25,000,000 (the “Transaction Fee”), which shall be earned and payable in full upon the Company’s acquisition of McGraw-Hill Education (the
“Closing Date”). 
 (b) Upon presentation by Apollo to the Company of such documentation as may be reasonably requested by
the Company, the Company shall reimburse Apollo for all out-of-pocket expenses, including legal fees and expenses, and other disbursements incurred by Apollo, its Affiliates, or any of its or its Affiliates’ limited partners, general partners,
directors, members, officers, managers, employees, agents, advisors or representatives in the performance of Apollo’s obligations hereunder, whether incurred on or prior to the date hereof, including out-of-pocket expenses incurred in
connection with the Acquisition Financing or the Purchase Agreement and each of the documents referred to therein, contemplated thereby or executed in connection therewith. 

(c) Nothing in this Agreement shall have the effect of prohibiting Apollo, its Affiliates or any of its or its Affiliates’ limited
partners, general partners, directors, members, officers, managers, employees, agents, advisors or representatives from receiving from the Company or any other member of the Company Group, any other fees. 

(d) All amounts payable to Apollo hereunder (including the Transaction Fee) shall be paid in cash and in U.S. dollars by wire transfer in
same-day funds to the bank account designated by Apollo. 
  

	 	Section 5.	Indemnification; Limitation on Damages. 

 (a) The Company shall indemnify and hold
harmless Apollo, its Affiliates, or any of its or its Affiliates’ limited partners, general partners, directors, members, officers, managers, employees, agents, advisors (each such Person being an “Indemnified Party”) from and
against any and all losses, claims, damages and liabilities, including in connection with seeking indemnification and, 

  
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whether joint or several (the “Liabilities”), related to, arising out of or in connection with the services contemplated by this Agreement or the engagement of Apollo pursuant
to, and the performance by Apollo of the services contemplated by, this Agreement, whether or not pending or threatened, whether or not an Indemnified Party is a party, whether or not resulting in any liability and whether or not such action, claim,
suit, investigation or proceeding is initiated or brought by any member of the Company Group. The Company shall reimburse any Indemnified Party for all costs, fees and expenses (including attorneys’ fees and expenses) as they are incurred in
connection with investigating, preparing, pursuing, defending or assisting in the defense of any action, claim, suit, investigation or proceeding for which the Indemnified Party would be entitled to indemnification under the terms of the previous
sentence, or any action or proceeding arising therefrom, whether or not such Indemnified Party is a party thereto. The Company shall not be liable under the foregoing indemnification provisions with respect to any Liability of an Indemnified Party
to the extent that such is determined by a court of competent jurisdiction, in a final judgment from which no further appeal may be taken, to have resulted primarily from the willful misconduct of such Indemnified Party. The attorneys’ fees and
other expenses of an Indemnified Party shall be paid by the Company as they are incurred upon receipt, in each case, of an undertaking by or on behalf of the Indemnified Party to repay such amounts if it is finally judicially determined that the
Liabilities in question resulted primarily from the willful misconduct of such Indemnified Party. 
 (b) The Company Group’s sole
remedy against Apollo for breach of this Agreement shall be to offset any fees otherwise payable to Apollo by the amount of any Liabilities arising out of or relating to this Agreement or the services to be rendered hereunder, it being understood
that any recovery shall be limited to actual damages, and no special, consequential, indirect, or punitive damages shall be allowed. No Indemnified Person shall be liable to the Company Group (i) for any breach hereunder by another Indemnified
Person or (ii) for any breach by it, unless such breach constitutes fraud or willful misconduct as determined in a final judgment of a court of competent jurisdiction from which no appeal can be made. 

 

	 	Section 6.	Other Services. 

 If the Company or any other member of the Company Group shall determine
that it is advisable for any such entity to hire a financial advisor, consultant, investment banker or any similar agent in connection with any merger, acquisition, disposition, recapitalization, divestiture, sale of assets, joint venture, issuance
of securities (whether equity, equity-linked, debt or otherwise), financing or any similar transaction (any of the foregoing, an “Additional Transaction”), the Company shall notify Apollo of such determination in writing. Promptly
thereafter, upon the request of Apollo, the parties shall negotiate in good faith to agree upon appropriate additional services, compensation and indemnification for the relevant member of the Company Group to hire Apollo or its Affiliates for such
services. No member of the Company Group may hire any Person, other than Apollo or its Affiliates, for any such services, unless all of the following conditions have been satisfied: (a) the parties are unable to agree after 30 days following
receipt by Apollo of such written notice, (b) such other Person has a reputation that is at least equal to the reputation of Apollo in respect of such services, (c) 10 business days shall have elapsed after Company provides a written
notice to Apollo of its intention to hire such other Person, which notice shall identify such other Person and shall describe in reasonable detail the nature of the services to be provided, the compensation to be paid and the indemnification to be
provided, (d) the compensation to be paid is not more than Apollo was willing to accept in the negotiations described above, and (e) the indemnification to be provided is not more favorable to such other Person than the indemnification
that Apollo was willing to accept in the negotiations described above. In the absence of an express agreement to the contrary, at the closing of Additional Transaction, the Company shall pay to Apollo a fee equal to 1.0% of the aggregate enterprise
value paid or provided by the Company Group (including the aggregate value of (i) equity securities, warrants, rights and options acquired or retained, (ii) indebtedness acquired, assumed or refinanced and (iii) any other
consideration or compensation paid in connection with such Additional Transaction). 

  
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	 	Section 7.	Notices. 

 All notices, requests, consents and other communications hereunder shall be in
writing and shall be deemed sufficient if personally delivered, sent by nationally-recognized overnight courier, by telecopy, or by registered or certified mail, return receipt requested and postage prepaid, addressed as follows: 

if to Apollo, to: 
 Apollo Global
Securities, LLC 
 c/o Apollo Management VII, L.P. 

9 West 57th Street 

New York, New York 10019 

Attention:    Cindy Michel 

Telecopier:  (212) 822-0524 

with a copy to (which shall not constitute notice): 

Paul, Weiss, Rifkind, Wharton & Garrison LLP 

1285 Avenue of the Americas 
 New
York, N.Y. 10019-6064 
 Attention:  John M. Scott, Esq. 

Telecopier: (212) 751-4864 

if to the Company, to it at: 

c/o Apollo Management VII, L.P. 

9 West 57th Street 

New York, New York 10019 

Attention:    Laurie Medley 

Telecopier:  (212) 515-3288 

with a copy to (which shall not constitute notice): 

Paul, Weiss, Rifkind, Wharton & Garrison LLP 

1285 Avenue of the Americas 
 New
York, N.Y. 10019-6064 
 Attention:  John M. Scott, Esq. 

Telecopier:  (212) 492-0574 
 or
to such other address as the party to whom notice is to be given may have furnished to each other party in writing in accordance herewith. Any such notice or communication shall be deemed to have been received (i) in the case of personal
delivery, on the date of such delivery, (ii) in the case of nationally-recognized overnight courier, on the next business day after the date when sent, (iii) in the case of telecopy transmission, when received, and (iv) in the case of
mailing, on the third business day following that on which the piece of mail containing such communication is posted. 

  
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	 	Section 8.	Benefits of Agreement. 

 This Agreement shall bind and inure to the benefit of Apollo,
the Company, the Indemnified Parties and any successors to or assigns of Apollo, the Company and the Indemnified Parties; provided, this Agreement may not be assigned by either party hereto without the prior written consent of the other
party, which consent will not be unreasonably withheld in the case of any assignment by Apollo and; provided, further, that no consent of any party shall be required for any assignment by Apollo to an Affiliate of Apollo. Upon Apollo’s
request, the Company shall cause the other members of the Company Group to become parties hereto directly in order to avail themselves of the services hereunder. 
  

	 	Section 9.	Governing Law. 

 This Agreement shall be governed by, and construed, enforced and
interpreted in accordance with, the laws of the State of New York, without giving effect to any law that would cause the laws of any jurisdiction other than the State of New York to be applied. Each of the parties hereto hereby (i) submits to
the exclusive jurisdiction of any state court sitting in New York City or any federal court sitting in the Southern District of New York for the purpose of any action arising out of or relating to this letter agreement brought by any party hereto,
(ii) agrees that all claims in respect of such action or proceeding shall be heard and determined only in any such court, (iii) agrees that it shall not attempt to deny or defeat such personal jurisdiction by motion or other request for
leave from any such court, (iv) agrees not to bring any action or proceeding arising out of or relating to this letter agreement or any of the transactions contemplated by this letter agreement in any other court and (v) irrevocably
waives, in any such action, any claim of improper venue or any claim that such courts are an inconvenient forum. 
  

	 	Section 10.	Headings. 

 Section headings are used for convenience only and shall in no way affect the
construction of this Agreement. 
  

	 	Section 11.	Entire Agreement; Amendments. 

 This Agreement contains the entire understanding of the
parties hereto with respect to its subject matter and supersedes any and all prior agreements, and neither it nor any part of it may in any way be altered, amended, extended, waived, discharged or terminated except by a written agreement signed by
each of the parties hereto. 
  

	 	Section 12.	Counterparts. 

 This Agreement may be executed in counterparts, including via facsimile
transmission or PDF copies sent by e-mail, and each such counterpart shall be deemed to be an original instrument, but all such counterparts together shall constitute but and the same document. 

 

	 	Section 13.	Waivers. 

 Any party to this Agreement may, by written notice to the other party, waive
any provision of this Agreement. The waiver by any party of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach. 

 

	 	Section 14.	Severability. 

 Any provision of this Agreement that is prohibited or unenforceable in
any jurisdiction will, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction will not
invalidate or render unenforceable such provision in any other jurisdiction. 

  
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	 	Section 15.	Definitions. 

 For purposes of this Agreement, the term “Affiliate” with
respect to Apollo, shall include, without limitation, Apollo Investment Fund VII, L.P., Apollo Investment Fund (PB) VII, L.P., Apollo Overseas Partners VII, L.P., Apollo Overseas Partners (Delaware) VII, L.P., Apollo Overseas Partners (Delaware 892)
VII, L.P., Apollo Advisors VII, L.P. and each of their respective affiliates (collectively, the “Funds”), the general partner of each of the Funds and each person controlling, controlled by or under common control with any of the
foregoing persons. Furthermore, for purposes of this Agreement, the term “Person” shall mean an individual, partnership, limited liability partnership, corporation, limited liability company, association, joint stock company, trust,
estate, joint venture, unincorporated organization or governmental authority (or any department, agency or political subdivision thereof). The words “include”, “includes” and “including” mean include, includes and
including “without limitation”. 
 [Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first
above written. 
  

							
	McGRAW-HILL GLOBAL EDUCATION HOLDINGS, LLC
			
		 	By:	 	  

		 		 	Name:	 	David Kraut
		 		 	Title:	 	Vice President, Assistant Secretary & Treasurer

  
 Signature Page to
Transaction Fee Agreement 

 
							
	APOLLO GLOBAL SECURITIES, LLC
			
		 	By:	 	  

		 		 	Name:	 	Cindy Michel
		 		 	Title:	 	Chief Compliance Officer & Vice President

  
 Signature Page to
Transaction Fee AgreementEX-10.5

 Exhibit 10.5 

MANAGEMENT FEE AGREEMENT 

MANAGEMENT FEE AGREEMENT, dated as of March 22, 2013 (this “Agreement”), by and among MCGRAW-HILL GLOBAL EDUCATION
HOLDINGS, LLC, a Delaware limited liability company (the “Company”), and APOLLO MANAGEMENT VII, L.P., a Delaware limited partnership (“Apollo”). 

RECITALS 
 WHEREAS,
Apollo has expertise in the areas of finance, strategy, investment, acquisitions and other matters relating to the Company, its direct and indirect divisions and subsidiaries, parent entities and controlled affiliates (collectively, the
“Company Group”) and their businesses; 
 WHEREAS, the Company desires to avail itself of Apollo’s expertise
and consequently has requested that Apollo make such expertise available from time to time in rendering certain management consulting and advisory services related to the business and affairs of the Company Group and the review and analysis of
certain financial and other transactions; and 
 WHEREAS, Apollo and the Company agree that it is in its best interest to enter into
this Agreement whereby, for the consideration specified herein, Apollo has provided and shall provide the services identified herein as an independent consultant to the Company Group. 

NOW, THEREFORE, in consideration of the foregoing, and the mutual agreements and covenants set forth herein and other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
  

	 	Section 1.	Retention of Apollo. 

 The Company retains Apollo, and Apollo accepts such retention,
upon the terms and conditions set forth in this Agreement. 
  

	 	Section 2.	Term. 

 (a) This Agreement shall commence on, and shall be effective from, the date
hereof and, subject to the terms of Section 2(b) below, unless otherwise extended pursuant to the following sentence, shall terminate on the twelve-year anniversary of the date hereof (the “Term”) or such earlier date as
Apollo and the Company may mutually agree in a written agreement signed by each of them. Upon the twelve-year anniversary of the date hereof, and at the end of each year thereafter (each of such twelve-year anniversary and the end of each year
thereafter being a “Year End”), the Term shall be extended automatically for an additional year unless notice to the contrary is given by any party at least 30, but no more than 60, days prior to such Year End, as applicable. The
date on which the Term expires (as such Term may have been extended pursuant to the proceeding sentence) or on which Apollo and the Company mutually agree to terminate the Agreement shall be deemed the “Termination Date.”
Notwithstanding the foregoing, the obligations of the Company Group pursuant to Sections 3, 4 and 5 and the provisions of Section 6 through Section 15 shall survive any the termination of this Agreement. 

(b) Apollo’s obligation to provide services hereunder shall continue until the earliest of (i) the Termination Date, (ii) a
Change of Control and (iii) an IPO (each as defined below). 

	 	Section 3.	Management Consulting Services. 

 (a) Apollo shall advise the Company Group concerning
such management matters that relate to proposed financial transactions, acquisitions and other senior management matters related to the business, administration and policies of the members of the Company Group, in each case as the Company shall
reasonably and specifically request by way of written notice to Apollo, which notice shall specify the services required of Apollo and shall include all background materials and information necessary for Apollo to complete such services. If
requested to provide such services, Apollo shall devote such time to any such written request as Apollo shall deem, in its sole discretion, necessary. Such consulting services, in Apollo’s sole discretion, shall be rendered in person or by
telephone or other communication. Apollo shall have no obligation to any member of the Company Group as to the manner and time of rendering its services hereunder, and no member of the Company Group shall have any right to dictate or direct the
details of the services rendered hereunder. 
 (b) The Company shall promptly provide any materials or information that Apollo may
reasonably request in connection with the provision of services by Apollo pursuant to the terms of this Agreement or to comply with Securities and Exchange Commission or other legal requirements (any such materials or information so furnished, the
“Information”). The Company recognizes and confirms that Apollo (i) shall use and rely primarily on the Information and on information available from generally recognized public sources in performing the services contemplated
by this Agreement without having independently verified the same, (ii) does not assume any responsibility or liability whatsoever for the accuracy or completeness of the Information and such other information and (iii) is entitled to rely
upon the Information without independent verification. 
 (c) Apollo shall perform all services to be provided hereunder as an independent
contractor to the Company Group and not as an employee, agent or representative of any member of the Company Group. Apollo shall have no authority to act for or to bind any member of the Company Group while acting in its capacity as an advisor to
the Company Group under this Agreement without Company’s prior written consent. 
 (d) This Agreement shall in no way prohibit Apollo,
its Affiliates, or any of its or its Affiliates’ current or former limited partners, general partners, directors, members, officers, managers, employees, agents, advisors or representatives from engaging in other activities or performing
services for its or their own account or for the account of others, including for any Person that may be in competition with any business of any member of the Company Group. 

(e) Any advice or opinions provided by Apollo may not be disclosed or referred to publicly or to any third party (other than Holding’s,
the Company’s or any of their affiliates’ legal, tax, financial or other advisors), except in accordance with Apollo’s prior written consent. 
  

	 	Section 4.	Compensation. 

 (a) As consideration for Apollo’s agreement to render the services
set forth in Section 3(a) of this Agreement and as compensation for any such services rendered by Apollo, the Company agrees to pay or cause to be paid to Apollo a nonrefundable annual fee of $3,500,000 (the “Annual
Fee”), payable in full and in advance for the applicable fiscal year on January 1st of each fiscal year; provided that the Annual Fee for the 2013 fiscal year shall be $875,000 and
shall be payable in full and in advance on the date of the Company’s acquisition of McGraw-Hill Education (the “Closing Date”). 

  
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 (b) The parties acknowledge and agree that an objective of the Company Group is to maximize value
for its equity holders which may include consummating (or participating in the consummation of) (i) a transaction (including any merger, consolidation, recapitalization or sale of assets or equity interests) the result of which is that any
Person other than Apollo or an Affiliate of Apollo becomes the beneficial owner, directly or indirectly, of more than 50% of the equity and voting securities, or all or substantially all of the assets, of the Company Group (each such event, a
“Change of Control”), or (ii) one or more public offerings of any class of equity securities of the Company or any other member of the Company Group (each such event, an “IPO”). The services provided to the
Company Group by Apollo pursuant to this Agreement will help to facilitate the consummation of a Change of Control or IPO, should any member of the Company Group decide to pursue such a transaction. 

(c) In the event that a member of the Company Group decides, as applicable, to pursue an event that would lead to a Change of Control or an
IPO, the Company shall promptly deliver a notice to Apollo informing Apollo of such decision and setting forth in reasonable detail information regarding the proposed event. Following the provision of such notice, and in consideration of the
services provided by Apollo pursuant to this Agreement, Apollo may elect at any time in connection with or in anticipation of such Change of Control or IPO or at any time thereafter (which election shall be made by the delivery of written notice to
the Company (such notice, the “Notice” and the date on which such Notice is delivered to the Company, the “Notice Date”)) to receive the Lump Sum Payment (as defined below) in lieu of annual payments of the Annual
Fee described in Section 3(a) above, such amount to be paid, on the date on which such Change of Control or IPO is consummated, or, if the Notice is delivered subsequent to such date, as soon as practicable following the Notice Date, but
in no event, later than 30 days subsequent to the Notice Date. The “Lump Sum Payment” shall be a single lump sum cash payment equal to the then present value of all then current and future fees payable pursuant to
Section 3(a) above, assuming the Term ends on the date that is the twelve-year anniversary hereof and using a discount rate equal to the yield to maturity on the Notice Date of the class of outstanding U.S. government bonds having a
final maturity closest to the twelve-year anniversary of the date hereof (the “Discount Rate”). Notwithstanding the foregoing, no portion of the Lump Sum Payment shall be payable to Apollo if, on the Notice Date, Apollo and its
Affiliates (taken as a whole) do not own any beneficial economic interest in the Company Group. The Lump Sum Payment will be payable to Apollo by wire transfer in same-day funds to the bank account designated by Apollo. 

(d) Upon presentation by Apollo to the Company of such documentation as may be reasonably requested by the Company, the Company shall
reimburse Apollo for all out-of-pocket expenses, including legal fees and expenses, and other disbursements incurred by Apollo, its Affiliates, or any of its or its Affiliates’ limited partners, general partners, directors, members, officers,
managers, employees, agents, advisors or representatives in the performance of Apollo’s obligations hereunder, whether incurred on or prior to the date hereof, including out-of-pocket expenses incurred in connection with the Purchase and Sale
Agreement, dated as of November 26, 2012, by and between MHE Acquisition, LLC, The McGraw-Hill Companies, Inc., the Sellers (as defined therein), and McGraw-Hill Education LLC (the “Purchase Agreement”) and the financing in
connection with the transactions contemplated by the Purchase Agreement, including the bank financing and a high yield debt offering, and each of the documents referred to therein, contemplated thereby or executed in connection therewith. 

(e) Nothing in this Agreement shall have the effect of prohibiting Apollo, its Affiliates or any of its or its Affiliates’ limited
partners, general partners, directors, members, officers, managers, employees, agents, advisors or representatives from receiving from the Company or any other member of the Company Group, any other fees. 

  
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 (f) Reference is made to (i) the First Lien Credit Agreement (as amended, restated, modified
or supplemented and in effect from time to time, the “Credit Agreement”), to be entered into simultaneously with the consummation of the transactions contemplated by the Purchase Agreement, dated as of March 22, 2013 and
entered into by and among McGraw-Hill Global Education Holdings, LLC, McGraw-Hill Global Education Intermediate Holdings, LLC, Credit Suisse AG, Cayman Islands Branch, as administrative agent, and the lenders party thereto, (ii) the Asset-Based
Revolving Credit Agreement (as amended, restated, modified or supplemented and in effect from time to time, the “ABL Credit Agreement”), to be entered into simultaneously with the consummation of the transactions contemplated by the
Purchase Agreement, dated as of March 22, 2013 and entered into by and among McGraw-Hill School Education Holdings, LLC, McGraw-Hill School Education Intermediate Holdings, LLC, Bank of Montreal, as administrative agent, and the lenders party
thereto and (iii) the Indenture (the “Indenture”), to be entered into simultaneously with the consummation of the transactions contemplated by the Purchase Agreement, dated as of March 22, 2013, between McGraw-Hill Global
Education Holdings, LLC and McGraw-Hill Global Education Finance, Inc., as issuers (the “Issuers”), the guarantors named therein and Wilmington Trust National Association, as trustee, relating to the Issuers’ 9.75% First-Priority
Senior Secured Notes due 2021 (the “Notes”) (the Notes, the Indenture and such related documents collectively being the “Debt Instruments”). Any portion of the fees payable to Apollo under this Agreement (including the
Annual Fee and the Lump Sum Payment) which the Company is prohibited from paying to Apollo under the Credit Agreement, the ABL Credit Agreement or the Debt Instruments shall be deferred, shall accrue and bear interest and shall be payable at the
earliest time permitted under the Credit Agreement, the ABL Credit Agreement and the Debt Instruments or upon the payment in full of all obligations under the Credit Agreement, the ABL Credit Agreement and the Debt Instruments. The Company shall
notify Apollo if the Company shall be unable to pay any fees pursuant to the Credit Agreement, the ABL Credit Agreement or the Debt Instruments on each date on which the Company would otherwise make a payment of fees under this Agreement to Apollo.
Any portion of any fees not paid on the scheduled due date shall bear interest at an annual rate equal to the Discount Rate, compounded quarterly, from the date due until paid. 

(g) All amounts payable to Apollo hereunder shall be paid in cash and in U.S. dollars by wire transfer in same-day funds to the bank account
designated by Apollo. 
  

	 	Section 5.	Indemnification; Limitation on Damages 

 (a) The Company shall indemnify and hold
harmless Apollo, its Affiliates, or any of its or its Affiliates’ limited partners, general partners, directors, members, officers, managers, employees, agents, advisors (each such Person being an “Indemnified Party”) from and
against any and all losses, claims, damages and liabilities, including in connection with seeking indemnification and, whether joint or several (the “Liabilities”), related to, arising out of or in connection with the services
contemplated by this Agreement or the engagement of Apollo pursuant to, and the performance by Apollo of the services contemplated by, this Agreement, whether or not pending or threatened, whether or not an Indemnified Party is a party, whether or
not resulting in any liability and whether or not such action, claim, suit, investigation or proceeding is initiated or brought by any member of the Company Group. The Company shall reimburse any Indemnified Party for all costs, fees and expenses
(including attorneys’ fees and expenses) as they are incurred in connection with investigating, preparing, pursuing, defending or assisting in the defense of any action, claim, suit, investigation or proceeding for which the Indemnified Party
would be entitled to indemnification under the terms of the previous sentence, or any action or proceeding arising therefrom, whether or not such Indemnified Party is a party thereto. The Company shall not be liable under the foregoing
indemnification provisions with respect to any Liability of an Indemnified Party to the extent that such is determined by a court of competent jurisdiction, in a final judgment from which no further appeal may be taken, to have resulted primarily
from the willful misconduct of such Indemnified Party. The attorneys’ fees and other expenses of an Indemnified Party 

  
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shall be paid by the Company as they are incurred upon receipt, in each case, of an undertaking by or on behalf of the Indemnified Party to repay such amounts if it is finally judicially
determined that the Liabilities in question resulted primarily from the willful misconduct of such Indemnified Party. 
 (b) The Company
Group’s sole remedy against Apollo for breach of this Agreement shall be to offset any fees otherwise payable to Apollo by the amount of any Liabilities arising out of or relating to this Agreement or the services to be rendered hereunder, it
being understood that any recovery shall be limited to actual damages, and no special, consequential, indirect, or punitive damages shall be allowed. No Indemnified Person shall be liable to the Company Group (i) for any breach hereunder by
another Indemnified Person or (ii) for any breach by it, unless such breach constitutes fraud or willful misconduct as determined in a final judgment of a court of competent jurisdiction from which no appeal can be made. 

 

	 	Section 6.	Notices. 

 All notices, requests, consents and other communications hereunder shall be in
writing and shall be deemed sufficient if personally delivered, sent by nationally-recognized overnight courier, by telecopy, or by registered or certified mail, return receipt requested and postage prepaid, addressed as follows: 

if to Apollo, to: 
 Apollo
Management VII, L.P. 
 9 West 57th Street 

New York, New York 10019 

Attention:    Laurie Medley 

Telecopier:  (212) 515-3288 

with a copy to (which shall not constitute notice): 

Paul, Weiss, Rifkind, Wharton & Garrison LLP 

1285 Avenue of the Americas 
 New
York, N.Y. 10019-6064 
 Attention:  John M. Scott, Esq. 

Direct Fax:  (212) 492-0574 

if to the Company, to it at: 

c/o Apollo Management VII, L.P. 

9 West 57th Street 

New York, New York 10019 

Attention:    Laurie Medley 

Direct Fax:  (212) 515-3288 

with a copy to (which shall not constitute notice): 

Paul, Weiss, Rifkind, Wharton & Garrison LLP 

1285 Avenue of the Americas 
 New
York, N.Y. 10019-6064 
 Attention:  John M. Scott, Esq. 

Direct Fax:  (212) 492-0574 

  
 5 

 or to such other address as the party to whom notice is to be given may have furnished to each other party in
writing in accordance herewith. Any such notice or communication shall be deemed to have been received (i) in the case of personal delivery, on the date of such delivery, (ii) in the case of nationally-recognized overnight courier, on the
next business day after the date when sent, (iii) in the case of telecopy transmission, when received, and (iv) in the case of mailing, on the third business day following that on which the piece of mail containing such communication is
posted. 
  

	 	Section 7.	Benefits of Agreement. 

 This Agreement shall bind and inure to the benefit of Apollo,
the Company, the Indemnified Parties and any successors to or assigns of Apollo, the Company and the Indemnified Parties; provided, this Agreement may not be assigned by either party hereto without the prior written consent of the other
party, which consent will not be unreasonably withheld in the case of any assignment by Apollo and; provided, further, that no consent of any party shall be required for any assignment by Apollo to an Affiliate of Apollo. Upon Apollo’s
request, the Company shall cause the other members of the Company Group to become parties hereto directly in order to avail themselves of the services hereunder. 
  

	 	Section 8.	Governing Law. 

 This Agreement shall be governed by, and construed, enforced and
interpreted in accordance with, the laws of the State of New York, without giving effect to any law that would cause the laws of any jurisdiction other than the State of New York to be applied. Each of the parties hereto hereby (i) submits to
the exclusive jurisdiction of any state court sitting in New York City or any federal court sitting in the Southern District of New York for the purpose of any action arising out of or relating to this letter agreement brought by any party hereto,
(ii) agrees that all claims in respect of such action or proceeding shall be heard and determined only in any such court, (iii) agrees that it shall not attempt to deny or defeat such personal jurisdiction by motion or other request for
leave from any such court, (iv) agrees not to bring any action or proceeding arising out of or relating to this letter agreement or any of the transactions contemplated by this letter agreement in any other court and (v) irrevocably
waives, in any such action, any claim of improper venue or any claim that such courts are an inconvenient forum. 
  

	 	Section 9.	Headings. 

 Section headings are used for convenience only and shall in no way affect the
construction of this Agreement. 
  

	 	Section 10.	Entire Agreement; Amendments. 

 This Agreement contains the entire understanding of the
parties hereto with respect to its subject matter and supersedes any and all prior agreements, and neither it nor any part of it may in any way be altered, amended, extended, waived, discharged or terminated except by a written agreement signed by
each of the parties hereto. 
  

	 	Section 11.	Counterparts. 

 This Agreement may be executed in counterparts, including via facsimile
transmission or PDF copies sent by e-mail, and each such counterpart shall be deemed to be an original instrument, but all such counterparts together shall constitute but and the same document. 

  
 6 

	 	Section 12.	Waivers. 

 Any party to this Agreement may, by written notice to the other party, waive
any provision of this Agreement. The waiver by any party of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach. 

 

	 	Section 13.	Severability. 

 Any provision of this Agreement that is prohibited or unenforceable in
any jurisdiction will, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction will not
invalidate or render unenforceable such provision in any other jurisdiction. 
  

	 	Section 14.	Definitions. 

 For purposes of this Agreement, the term “Affiliate” with
respect to Apollo, shall include, without limitation, Apollo Investment Fund VII, L.P., Apollo Investment Fund (PB) VII, L.P., Apollo Overseas Partners VII, L.P., Apollo Overseas Partners (Delaware) VII, L.P., Apollo Overseas Partners (Delaware 892)
VII, L.P., Apollo Advisors VII, L.P. and each of their respective affiliates (collectively, the “Funds”), the general partner of each of the Funds and each person controlling, controlled by or under common control with any of the
foregoing persons. Furthermore, for purposes of this Agreement, the term “Person” shall mean an individual, partnership, limited liability partnership, corporation, limited liability company, association, joint stock company, trust,
estate, joint venture, unincorporated organization or governmental authority (or any department, agency or political subdivision thereof). The words “include”, “includes” and “including” mean include, includes and
including “without limitation”. 
 [Signature Page Follows] 

  
 7 

 IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first
above written. 
  

							
	McGRAW-HILL GLOBAL EDUCATION HOLDINGS, LLC
			
		 	By:	 	  

		 		 	Name:	 	David Kraut
		 		 	Title:	 	Vice President, Assistant Secretary & Treasurer

  
 Signature Page to
Management Fee Agreement 

 
					
	APOLLO MANAGEMENT VII, L.P.
	By:	 	AIF VII Management, LLC
		 	its General Partner
		
	By:	 	  

		 	Name:	 	Laurie D. Medley
		 	Title:	 	Vice President & Assistant Secretary

  
 Signature Page to
Management Fee Agreement

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