Document:

Advisory Services Agreement

 Exhibit 10.1 
 ADVISORY SERVICES AGREEMENT 
 This Advisory Services
Agreement (this “Agreement”), dated as of July     , 2002 but effective as of January 1, 2002, among Universal City Development Partners, Ltd., a Florida limited partnership (the “Company”), Vivendi
Universal Entertainment LLLP, a Delaware limited liability limited partnership (“Universal”), and Blackstone Management Partners L.P., a Delaware limited partnership (“Blackstone”). 
 WHEREAS, Blackstone, by and through itself, its affiliates and their respective officers, employees and representatives, has expertise in
the areas of management, finance, strategy, investment, acquisitions and other matters relating to the business of the Company; and 
 WHEREAS, Universal, by and through itself, its affiliates and their respective officers, employees and representatives, has expertise in the areas of management, finance, strategy, investment, acquisitions and other matters relating to the
business of the Company; and 
 WHEREAS, the Company desires to avail itself, for the term of this Agreement, of the expertise
of Blackstone and Universal in the aforesaid areas and Blackstone and Universal wish to provide the services to the Company as herein set forth. 
 NOW, THEREFORE, in consideration of the foregoing recitals and the covenants and conditions contained herein, the parties hereto agree as follows: 
 1. Appointment. The Company hereby appoints Blackstone and Universal to render the advisory and consulting services described in
Section 2 hereof for the term of this Agreement. 
 2. Services. Each of Blackstone and Universal hereby agree that during
the term of this Agreement it shall render to the Company, by and through itself, its affiliates, and its respective officers, members, employees and representatives as each of Blackstone in its sole discretion on the one hand and Universal in its
sole discretion on the other hand shall designate from time to time, advisory and consulting services in relation to the affairs of the Company in connection with ongoing strategic and operational oversight of the Company, including, without
limitation, (i) advice in designing financing structures and advice regarding relationships with the Company’s lenders and bankers; (ii) advice regarding the structure and timing of public and private offerings of debt and equity
securities of the Company; (iii) advice regarding property dispositions or acquisitions; and (iv) such other advice directly related or ancillary to the above financial advisory services as may be reasonably requested by the Company. It is
expressly agreed that the services to be performed hereunder shall not include investment banking or other financial advisory services rendered by Universal, Blackstone or their respective affiliates to the Company in connection with any specific
acquisition, divestiture, refinancing or recapitalization by the Company. Blackstone and Universal may be entitled to receive additional compensation for providing services of the type specified in the preceding sentence in the sole discretion of
the Company. 

 3. Fees. In consideration of the services contemplated by Section 2, for the term of
this Agreement, the Company and its successors agrees to pay to each of Universal and Blackstone an annual advisory fee of $1,250,000 (the “Advisory Fee”) which will be paid annually on or about January 1. The Advisory Fee payable to
Universal under this Agreement is supplemental to, and not in place or lieu of, the Special Fee (as defined in Section 20 of the Second Amended and Restated Limited Partnership Agreement of the Company) payable pursuant to Section 20 of
the Second Amended and Restated Limited Partnership Agreement of the Company. The Special Fee shall, to the extent payable under said Section 20 of the Second Amended and Restated Limited Partnership Agreement of the Company, be fully paid
before any payment of the Advisory Fee to Universal or Blackstone. 
 4. Indemnification. The Company will indemnify and hold
harmless each of Universal, Blackstone, and their respective affiliates, partners (both general and limited), members (both managing and otherwise), officers, directors, employees, agents and representatives (each such person being an
“Indemnified Party”) from and against any and all losses, claims, damages and liabilities, whether joint or several (the “Liabilities”), related to, arising out of or in connection with the advisory and consulting 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 the Company. The Company will reimburse any Indemnified Party for all reasonable costs and expenses (including reasonable 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, provided that, subject to the following sentence, the Company shall be entitled to assume the defense thereof at its own expense, with counsel satisfactory to such Indemnified
Party in its reasonable judgment. Any Indemnified Party may, at its own expense, retain separate counsel to participate in such defense, and in any action, claim, suit, investigation or proceeding in which both the Company, on the one hand, and an
Indemnified Party, on the other hand, is, or is reasonably likely to become, a party, such Indemnified Party shall have the right to employ separate counsel at the reasonable expense of the Company and to control its own defense of such action,
claim, suit, investigation or proceeding if, in the reasonable opinion of counsel to such Indemnified Party, a conflict or potential conflict exists between the Company, on the one hand, and such Indemnified Party, on the other hand, that, would
make such separate representation necessary. The Company agrees that it will not, without the prior written consent of the applicable Indemnified Party, settle, compromise or consent to the entry of any judgment in any pending or threatened claim,
suit, investigation, action or proceeding relating to the matters contemplated hereby (if any Indemnified Party is a party thereto or has been threatened to be made a party thereto) unless such settlement, compromise or consent includes an
unconditional release of the applicable Indemnified Party and each other Indemnified Party from all liability arising or that may arise out of such claim, suit, investigation, action or proceeding. Provided the Company is not in breach of its
indemnification obligations hereunder, no Indemnified Party shall settle or compromise any claim subject to indemnification hereunder

  

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without the consent of the Company. The Company will not be liable under the foregoing indemnification provision with respect to any Indemnified Party, to the extent that any loss, claim, damage,
liability, cost or expense is determined by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of Blackstone or Universal, as the case may be. If an Indemnified Party is reimbursed hereunder for any
expenses, such reimbursement of expenses shall be refunded to the extent it is judicially determined that the Liabilities in question resulted from the gross negligence or willful misconduct of Blackstone or Universal, as the case may be.

 5. Accuracy of Information. The Company shall furnish or cause to be furnished to Blackstone and Universal such information
as Blackstone and Universal believe appropriate to their respective assignment (all such information so furnished being the “Information”). 
 6. Term. The term of this agreement (the “Term”) shall be for a period of one year beginning from the date hereof. The Term shall be automatically extended for successive one-year periods unless
Blackstone, Universal or the Company provides the other parties with written notice at least 60 days prior to any extension date that it desires to terminate the Agreement. The provisions of Sections 4, 8 and otherwise as the context so requires
shall survive the termination of this Agreement. 
 7. Permissible Activities. Subject to applicable law, the terms of each of
the Amended and Restated Limited Partnership Agreement of the Company, the Second Amended and Restated Agreement of General Partnership of Universal City Florida Holding Co. I, and the Second Amended and Restated Agreement of General Partnership of
Universal City Florida Holding Co. II, nothing herein shall in any way preclude Universal, Blackstone, their respective affiliates or their respective partners (both general and limited), members (both managing and otherwise), officers, directors,
employees, agents or representatives from engaging in any business activities or from performing services for its or their own account or for the account of others, including for companies that may be in competition with the business conducted by
the Company. 
 8. Assignment. The rights granted to Universal and Blackstone shall not be transferred or assigned without the
prior written consent of the Company, except that Universal and Blackstone may transfer or assign their respective rights under this Agreement to any of their respective affiliates. 
 9. Miscellaneous. 
 (a) No amendment or waiver of any provision of this Agreement, or consent to any departure by either party hereto from any such provision, shall be effective unless the same shall be in writing and signed by all of the parties hereto. Any
amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. The waiver by any party of any breach of this Agreement shall not operate as or be construed to be a waiver by such party of
any subsequent breach. 
  

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 (b) Any notices or other communications required or permitted hereunder shall be
sufficiently given if delivered personally or sent by telecopier, Federal Express, or other overnight courier, addressed as follow or to such other address of which the parties may have given notice: 
  

			
	If to Blackstone:	 	Blackstone Management Partners L.P.
		 	345 Park Avenue, 31st Floor
		 	New York, New York 10154
		 	Attention:    Mr. Robert Barrack
		 	Telecopy:    (212) 583-5692
		
	If to Universal:	 	Vivendi Universal Entertainment LLLP
		 	100 Universal City Plaza, 1280/11
		 	Universal City, California 91608
		 	Attention:    Vice President, Business and Legal Affairs, Universal Recreation Group
		 	Telecopy:    (818) 866-4545
		
	If to the Company:	 	Universal City Development Partners, Ltd.
		 	c/o Universal Orlando
		 	1000 Universal Studios Plaza, B-5
		 	Orlando, Florida 32819
		 	Attention:    Vice President, Legal Affairs
		 	Telecopy:    (407) 363-8219

 Unless otherwise specified herein, such notices or other communications shall be deemed received
(i) on the date delivered, if delivered personally or sent by telecopier, and (ii) one business day after being sent by Federal Express or other overnight courier. 
 (c) This Agreement shall constitute the entire agreement between the parties with respect to the subject matter hereof, and shall supersede
all previous oral and written (and all contemporaneous oral) negotiations, commitments, agreements and understandings relating hereto. 
 (d) This Agreement shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York. This Agreement shall inure to the benefit of, and be binding upon, Universal, Blackstone, the Company and their
respective successors and assigns. The provisions of Section 4 shall inure to the benefit of each Indemnified Party. 
 (e)
This Agreement may be executed by one or more parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
 (f) The waiver by any party of any breach of this Agreement shall not operate as or be construed to be a waiver by such party of any
subsequent breach. 
  

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 (g) Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction
shall, 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 shall not invalidate or
render unenforceable such provision in any 
 other jurisdiction. 
 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed and delivered by their duly authorized officers or agents as of the date first above written. 
  

					
	UNIVERSAL CITY DEVELOPMENT PARTNERS, LTD.
		
	By:	 	 /s/ Michael J. Short

		 	Name:	 	Michael J. Short
		 	Title:	 	EVP & CFO
	
	BLACKSTONE MANAGEMENT PARTNERS L.P.
		
	By:	 	Blackstone Management Partners L.L.C.,
		 	its General Partner
		
	By:	 	 /s/ Howard Lipson

		 	Name:	 	
		 	Title:	 	
	
	VIVENDI UNIVERSAL ENTERTAINMENT LLLP
		
	By:	 	 /s/ Karen Randall

		 	Name:	 	Karen Randall
		 	Title:	 	Executive Vice President

	

  

 5License Agreement dated as of March 28, 2002

 Exhibit 10.2 
 LICENSE AGREEMENT 
 AGREEMENT dated as of March 28, 2002
by and among Universal Studios, Inc. (“USI,” formally known as MCA Inc.), Universal City Studios, Inc. (“UCSI”), Universal City Property Management Company II (“UNICO”) and Universal City Development Partners, LP
(“UCDP, LP”). 
 WITNESSETH: 
 WHEREAS, pursuant to the Second Amended and Restated Agreement of Limited Partnership of UCDP, LP dated as of July 27, 2000 by and between Universal City Florida Holding Co. II, as general partner,
and Universal City Florida Holding Co. I, as limited partner (the “PARTNERSHIP AGREEMENT”), UniCo for certain limited purposes licensed and agreed to cause its affiliates to license to UCDP, LP certain intellectual property rights and USI
agreed to guarantee such obligations and performances of such affiliates; 
 WHEREAS, on March 28, 2002, UCDP, LP intends
to enter into an amendment to the Amended and Restated Credit Agreement dated as of November 5, 1999 (as amended from time to time, the “AMENDED AGREEMENT”) with the Banks party thereto and JPMorgan Chase Bank (formerly known as The
Chase Manhattan Bank successor by merger to Morgan Guaranty Trust Company of New York), as Administrative Agent and as Collateral Agent; 
 WHEREAS, the Amended Agreement will contain certain representations by UCDP, LP with respect to its owning, possessing, or holding under valid licenses all material Intellectual Property Rights that are
necessary for the operation of the Theme Parks (as each of those terms are defined in the Amended Agreement); 
 WHEREAS, UCSI
is the owner of certain trademarks, service marks and trade names using “Universal” and “Universal Studios” (the “MARKS”), and UCDP, LP acknowledges UCSI’s ownership of the Marks and desires a license to use the
same; and 
 WHEREAS, pursuant to an Islands License Agreement dated October 31, 1995 and a Studio License Agreement dated
October 31, 1995 (collectively, the “LICENSE AGREEMENTS”), USI’s predecessor and UCSI for certain limited purposes licensed and caused to be licensed certain intellectual property rights, respectively, to Universal City
Development Partners and Universal City Florida Partners, both of which subsequently converted to Delaware limited partnerships, UCDP, LP and UCFP, LP, respectively. UCFP, LP and UCF Ltd., LP, a Delaware limited partnership, then merged into UCDP,
LP; 

 NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties
hereto agree as follows: 
 1. License. Each of UniCo, USI and UCSI hereby confirms that pursuant to the Partnership Agreement,
it has licensed and caused its affiliates to license to UCDP, LP certain rights with respect to the name “Universal” as described in Section 2 of the Partnership Agreement and those “proprietary and creative elements” as
described in Section 8 of the Partnership Agreement including, without limitation, those such rights arising under the contracts set forth on Schedule A hereto, which license shall in each case and instance be upon the applicable terms set
forth in and subject to the terms and provisions of the Partnership Agreement which is deemed incorporated herein by reference. 
 2. Effect of License Agreements. This agreement shall supersede the License Agreements. 
 3. Governing Law. This
Agreement shall be interpreted and governed by the laws of the State of New York. 
 4. Assignment. The rights granted to UCDP,
LP hereunder may be assigned to any successor entity of UCDP, LP or any successor owner of Universal Orlando. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the date above written. 
  

					
	UNIVERSAL STUDIOS, INC., a Delaware corporation
		
	By:	 	 /s/ Karen Randall

		 	Name:	 	Karen Randall
		 	Title:	 	Director
	
	UNIVERSAL CITY STUDIOS, INC., a Delaware corporation
		
	By:	 	 /s/ Karen Randall

		 	Name:	 	Karen Randall
		 	Title:	 	Director
	
	 UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY II,
 a Delaware corporation

		
	By:	 	 /s/ Robert K. Gault, Jr.

		 	Name:	 	Robert K. Gault, Jr.
		 	Title:	 	President

									
	UNIVERSAL CITY DEVELOPMENT PARTNERS, LP, a Delaware limited partnership
		
	By:	 	UNIVERSAL CITY FLORIDA HOLDING CO. II, a Florida general partnership, its general partner
			
		 	By:	 	UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY II, a Delaware corporation, a general partner
				
		 		 	By:	 	 /s/ Robert K. Gault, Jr.

		 		 		 	Name:	 	Robert K. Gault, Jr.
		 		 		 	Title:	 	President
			
		 	 By:
	 	 BLACKSTONE UTP CAPITAL PARTNERS A L.P., a Delaware general partnership, a general partner

			
		 	By:	 	BLACKSTONE MEDIA MANAGEMENT ASSOCIATES III L.L.C., a Delaware limited liability company, its general partner
				
		 		 	 By:
	 	 /s/ Neil P. Simpkins

		 		 		 	Name:	 	Neil P. Simpkins
		 		 		 	Title:	 	Member

							
	By:	 	BLACKSTONE UTP CAPITAL PARTNERS L.P., a Delaware general partnership, a general partner
		
	By:	 	BLACKSTONE MEDIA MANAGEMENT ASSOCIATES III L.L.C., a Delaware limited liability company, its general partner
			
		 	By:	 	 /s/ Neil P. Simpkins

		 		 	Name:	 	Neil P. Simpkins
		 		 	Title:	 	Member
		
	By:	 	BLACKSTONE UTP OFFSHORE CAPITAL PARTNERS L.P., a Delaware general partnership, a general partner
		
	By:	 	BLACKSTONE MEDIA MANAGEMENT ASSOCIATES III L.L.C., a Delaware limited liability company, its general partner
			
		 	By:	 	 /s/ Neil P. Simpkins

		 		 	Name:	 	Neil P. Simpkins
		 		 	Title:	 	Member
		
	By:	 	BLACKSTONE FAMILY MEDIA PARTNERSHIP III L.P., a Delaware general partnership, a general partner
		
	By:	 	BLACKSTONE MEDIA MANAGEMENT ASSOCIATES III L.L.C., a Delaware limited liability company, its general partner
			
		 	By:	 	 /s/ Neil P. Simpkins

		 		 	Name:	 	Neil P. Simpkins
		 		 	Title:	 	Member

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