Document:

Office Lease Extension

 Exhibit 10.16 
 2315 Broadway Realty Co. 
 c/o 116 East 27th Street, 3rd Floor 
 New York, New York 10016 
 November 18, 2005 
 Mark Chernis 
 President and
Chief Operating Officer 
 The Princeton Review, Inc. 
 2315
Broadway 
 New York, New York 10024 
  

					
	Re:	  	Landlord:	  	2315 Broadway Realty Co. (“Landlord”)
		  	Tenant:	  	The Princeton Review, Inc. (“Tenant”)
		  	Lease:	  	Any and all leases and amendments to lease agreements between the Landlord and Tenant (“Leases”)
		  	Premises:	  	The 2nd, 3rd and 4th Floors as demised under the Leases between Landlord and Tenant in the building known as 2315 Broadway, New
York, New York

 Dear Mr. Chernis: 
 This is to advise you as officer of the Tenant, that Leases between the Landlord and the Tenant shall hereby be extended through and including December 31, 2014. All terms and conditions of the Leases shall
remain in full force and effect including but not limited to all additional rent items in the Leases such as Real Estate Tax Charges, Water Charges and Miscellaneous charges. As of January 1, 2006 the minimum annual base rent provisions of the
Leases shall be deleted in their entirety and shall be replaced with the following: 
 From January 1, 2006 to
December 31, 2006, $743,948.00 per annum 
 ($61,995.66 per month) 
 From January 1, 2007 to December 31, 2007, $758,348.00 per annum 
 ($63,195.66 per month) 
 From January 1, 2008 to December 31, 2008, $772,748.00 per annum 
 ($64,395.66 per
month) 
 From January 1, 2009 to December 31, 2009, $787,148.00 per annum 
 ($65,595.66 per month) 
 From January 1, 2010 to December 31, 2010, $801,548.00 per annum 
 ($66,795.66 per
month) 

 Mr. Mark Chernis 
 The
Princeton Review, Inc. 
 November 18, 2005 
 Page 2

 From January 1, 2011 to December 31, 2011, $815,948.00 per annum 
 ($67,995.66 per month) 
 From January 1, 2012 to December 31, 2012, $830,348.00 per annum 
 ($69,195.66 per
month) 
 From January 1, 2013 to December 31, 2013, $844,748.00 per annum 
 ($70,395.66 per month) 
 From January 1, 2014 to December 31, 2014, $859,148.00 per annum 
 ($71,595.66 per
month) 
 As review and summary of the foregoing, the minimum annual base and additional rent charges are attached hereto as a proposed rent
bill that is for your reference only of an estimate of your rent bill for January 1, 2006. Please note that nothing in the attachment changes any of the terms of the lease(s). 
 Your signature as an officer of Tenant at the foot of this letter signifies Tenant’s agreement and consent with the foregoing. 
 Thank you. 
 Very truly
yours, 
 2315 BROADWAY REALTY CO. 
 /s/ Jeffrey D.
Smith                             
 By: Jeffrey D. Smith 
 Its: General Partner 
 Agreed and Accepted by: 
 THE PRINCETON REVIEW, INC. 
 /s/ Mark
Chernis                                 
 By: Mark Chernis 
 Its: President and COO 
 Date: 11/22/05 

 JAN. 1, 2006          RENT BILL 
  

				
	 Rent
	  	$	61,995.66
	 Water
	  	 	226.50
	 Misc.
	  	 	1,165.68
	 RE Tax
	  	 	7,657.72
	 Elec.
	  	 	by meterAmendment  to Employment Agreement between Stephen Melvin & The Princeton Review

 Exhibit 10.29 
 [PRINCETON REVIEW LETTERHEAD] 
 August 8, 2007 
 Stephen Melvin 
 40 Woodland Dr 
 Rye Brook, NY 10573 
 Dear Stephen: 
 This letter
confirms our agreement regarding the completion of your tenure as Chief Financial Officer of The Princeton Review. Under this agreement, you commit to remaining with The Princeton Review until no later than December 31, 2007, during which time
you will take all necessary actions to facilitate the Q3 close and a smooth transition to your successor. Once these obligations are met, you may at your own discretion choose to leave The Princeton Review; you will be paid your full salary through
your final day of employment with the company. 
 In return for your staying and meeting the above-mentioned commitments, you will receive six months of
severance pay rather than the three months severance pay called for in your contract; severance will commence on the first business day following your final day of employment at The Princeton Review. In addition, The Princeton Review will reimburse
for COBRA through the six-month severance period. Finally, The Princeton Review will extend a complimentary course for your son (who is currently a junior in high school) throughout his tenor as a high school student. 
 Please acknowledge your acceptance of this offer by returning a signed copy of this letter to Human Resources. 
 Sincerely, 
 /s/ Michael Perik 
  
 Michael Perik 
 CEO, The Princeton Review 
  

			
	 /s/ Stephen Melvin
	  	 August 8, 2007

	Stephen Melvin	  	DateEmployment Agreement between Kevin Howell & The Princeton Review

 Exhibit 10.30 
 EMPLOYMENT AGREEMENT 
 The Princeton Review, Inc. 
 This Employment Agreement this “Agreement” is between Kevin Howell (“Exec”) and The Princeton Review, Inc. (“TPR”), and is
subject to the terms of the current form of the Executive Compensation Policy Statement, dated July 1, 2005, a copy of which is attached as Exhibit A (the “Policy Statement”). Terms may be defined in The Princeton Review Glossary,
also dated July 1, 2005, the current form of which governs this Agreement and is attached as Exhibit B. This Agreement supersedes any previous employment agreement. 
  

	 	1.	Job Description: Commencing October 11, 2005, Exec shall serve as the General Manager/EVP K-12 Services Division of TPR, performing such duties as are reasonable and
customary for such position within a business of this type, and shall report solely and directly to TPR’s President, or if TPR does not at any time have a President, the Chief Executive Officer. 

  

	 	2.	Compensation & Benefits: TPR shall pay Exec $240,000 increasing annually each February 14th by at least 2%. Exec shall also receive those medical, dental, life
insurance or other benefits made available by TPR to the other senior executives of TPR as a class. He shall also receive a bonus of up to 50% of base salary, based on the “Bonus Calculation” described below in Appendix A and in accordance
with the Policy Statement and The Princeton Review Bonus Policy set forth therein. The amount of the bonus paid shall be based on the Bonus Calculation described below in Appendix A, provided, however, that Exec’s bonus for calendar year 2005
shall be determined as follows: (i) Exec’s 2005 base bonus (the “2005 Base Bonus”) shall first be calculated in accordance with Appendix A and (ii) Exec shall receive an amount equal to the 2005 Base Bonus as prorated by the
number of complete months employed by TPR in 2005. 

  

	 	3.	Stock Option Grant: TPR shall grant Exec an option to purchase 50,000 shares of TPR’s Common Stock, as authorized by TPR’s Compensation Committee, at fair market
value as indicated by the closing market price of REVU on Exec’s first day of employment. These options shall be subject to the terms and conditions of The Princeton Review, Inc. Stock Option Grant attached hereto. 

  

	 	4.	Term: Notwithstanding Section 3.1 of the Policy Statement, this Agreement shall expire on February 14th, 2008 but shall be automatically extended for additional
two-year periods upon the completion of the initial term and any two-year extension period thereafter until (i) Exec voluntarily terminates employment or (ii) TPR gives contrary written notice to Exec at least 6 months prior to the
completion of the initial term or any two-year extension period thereafter. TPR will not be under any obligation to make additional option grants to Exec, such as those described in paragraph 3 above, for any extension terms of this Agreement unless
separately agreed by TPR and Exec. 

  

	 	5.	Paid Time Off: Section 3.6 of the Policy Statement shall have no force and effect with respect to Exec. Exec is entitled to 22 days of paid time off, which shall be
available to and used by Exec in accordance with the terms and conditions of The Princeton Review Paid Time Off Policy, as modified from time to time. 

  

	 	6.	Severance Payments and Benefits: If TPR terminates Exec’s employment without Cause, then in addition to the payments provided under Section 5.1 of the Policy
Statement, but in lieu of the payments provided under Section 5.3 of the Policy Statement, TPR will pay Exec his base salary plus benefits for an additional six months. After twelve months of employment hereunder, Exec’s severance payments
and benefits provided pursuant to this paragraph 5 will be extended from six months to nine months. After twenty-four months of employment hereunder, Exec’s severance payments and benefits provided pursuant to this paragraph 5 will be extended
from nine months to twelve months, and such twelve-month period will stay in effect for the duration of Mr. Howell’s employment with TPR hereunder. 

  

	 	7.	Right to be connected: Exec will be provided with or be reimbursed for the reasonable cost of cell phone service, DSL or cable modem connection service at his primary
residence. 

 Agreed to this Sept. 12, 2005. 
  

			
	 /s/ Mark Chernis
	    	 /s/ Kevin Howell

	 Mark Chernis
 President, TPR
	    	Kevin Howell

  

 APPENDIX A – BONUS CALCULATION 
 The Annual Bonus awarded to Exec for each year during the term of this Agreement shall be calculated in accordance with the following objectives: 
  

					
	             (a)    
	  	 50%    
	  	K-12 division achieves annual financial objectives as set by the TPR Budget for the applicable year. Bonus will be paid out according to standard K-12 financial bonus matrix as determined
annually by TPR and Exec.
			
	             (b)    
	  	 20%
	  	Company achieves annual financial objectives as set by TPR Budget for the applicable year. Bonus will be paid out according to standard TPR financial bonus matrix as determined annually by
TPR.
			
	             (c)    
	  	 30%
	  	Based upon mutually agreed upon job specific objectives determined within 60 days of Exec’s start date or, if no agreement is reached, then based on (a) above.

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