Document:

Amendment to lease for Registrant's facilities dated June 15, 2010

 Exhibit 10.16 

 

 O Y S T E R   P O I N T  M A R I N A  P L A Z A 

 Tenth Amendment to Office Lease 

THIS TENTH AMENDMENT TO OFFICE LEASE (the “Tenth Amendment”) is made and entered into as of June 15, 2010, by and between
KASHIWA FUDOSAN AMERICA, INC., a California corporation (“Landlord”) and TITAN PHARMACEUTICALS, INC., a Delaware corporation (“Tenant”). 

Recitals 

A.      Landlord and Tenant have heretofore entered into that certain lease dated February 14, 1996
(the “Lease”) for premises originally described as Suite 505 (the “Premises”), initially containing approximately 3,866 rentable square feet of space in the building located at 400 Oyster Point Boulevard, South San Francisco,
California (the “Building”), which forms part of the office building complex commonly known as Oyster Point Marina Plaza (the “Complex”). 

B.      The Lease has heretofore been amended by the following instruments (collectively the
“Addenda”): 
 (i) First Amendment to Lease dated as of March 25, 1997; 

(ii) Second Amendment to Lease dated as of May 22, 1998; 

(iii) Third Amendment to Lease dated as of November 11, 2000; 

(iv) Fourth Amendment to Lease dated as of April 9, 2001; 

(v) Fifth Amendment to Lease dated as of December 5, 2001; 

(vi) Sixth Amendment to Lease dated as of August 1, 2002; 

(vii) Seventh Amendment to Lease dated as of October 1, 2004; 

(viii) Eighth Amendment to Lease dated as of May 22, 2007; and 

(ix) Ninth Amendment to Lease dated as of February 11, 2009. 

C.      The parties mutually desire to amend the terms of the Lease to extend the Term, to terminate the
Lease with respect to a portion only of Suite 505, and to effect certain related changes, all on and subject to the terms and conditions hereof. 

Agreement 

Now, therefore, in consideration of the mutual terms and conditions herein contained and of other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 1    
EFFECT OF AMENDMENT. Landlord and Tenant agree that, notwithstanding anything contained in the Lease to the contrary, the provisions set forth below will be deemed to be part of the
Lease and shall supersede, to the extent they differ, any contrary provisions in the Lease as heretofore amended. Terms defined in the Lease shall have the same meanings in this Tenth Amendment, unless a different definition is set forth in this
Tenth Amendment. The term Lease as used herein shall be deemed to include the Addenda, each of which may also be referred to separately herein. A true and complete copy of the Lease as heretofore amended is attached hereto as Exhibit
A and incorporated herein by reference. 
  

  

	
	Oyster Point Marina Plaza Tenth Amendment to Office Lease
	Kashiwa Fudosan America, Inc.:: Titan Pharmaceuticals, Inc.
	page 1 of 1

 2    EFFECTIVE DATE. The amendments and
changes specified in this Tenth Amendment shall become effective retroactively on July 1, 2010 (the “Effective Date”). Notwithstanding the foregoing, this Tenth Amendment shall constitute the fully-binding agreement and
contract of the parties from and after the date of the parties’ execution and delivery of this Tenth Amendment to each other. 

3    SUMMARY TABLE. The Table set forth in 3 of Ninth Amendment is hereby superseded and
replaced in its entirety by the following table, which shall constitute the Table under §1.2 of the Lease for all purposes from and after the Effective Date of this Tenth Amendment: 

 

															
	PERIODS	  	 SUITE 

NO.
	  	RSF	  	USF	  	 MONTHLY

BASE RENT
	  	
TENANT’S 

SHARE

BLDG
	 	
TENANT’S 

SHARE

COMPLEX
	 	BASE 
YEAR
	July 1, 2010, through June 30, 2011	  	505	  	9,255 	  	8,048 	  	$16,196.25	  	3.993%	 	1.992%	 	2010
	July 1, 2011, through June 30, 2012	  	505	  	9,255	  	8,048	  	$16,659.00	  	3.993%	 	1.992%	 	2010
	July 1, 2012, through June 30, 2013	  	505	  	9,255	  	8,048	  	$17,121.75	  	3.993%	 	1.992%	 	2010

In the event of any conflict between the terms contained in the Table and the terms contained in subsequent paragraphs of this Tenth Amendment, the terms
of the Table shall control, except as may be expressly varied in any subsequent paragraph of this Tenth Amendment. 

4     EXTENSION OF LEASE TERM. The Term of the Lease specified in
§1.4 of the Lease as heretofore amended under the Addenda is hereby extended for an additional period of three (3) years commencing on July 1, 2010, and the Expiration Date of the Lease is hereby amended accordingly to June 30,
2013. 
 4.1     Early Termination Right. Notwithstanding anything to the contrary in this Lease,
Tenant shall have the right in its sole and absolute discretion to terminate this Lease effective on June 30, 2012 (the “Early Termination Date”) upon prior written notice given to Landlord not earlier than September 30,
2011, and not later than February 28, 2012 (the “Termination Notice”). If Tenant elects to give Landlord such a Termination Notice, the Lease shall terminate on the Early Termination Date with the same effect as if the Term of the
Lease had expired on the Early Termination Date, and Tenant agrees to observe all the terms of the Lease regarding vacation and condition of the Premises upon expiration of the Term in any such case. In consideration of the termination right granted
to Tenant hereunder, Tenant agrees to pay to Landlord on the date Tenant delivers its Termination Notice a termination fee equal to Thirty-Five Thousand Three Hundred One Dollars and Sixty Cents ($35,301.60). Tenant’s payment of the
Termination Fee when and as required under this §1.4.1 is an express condition precedent to Tenant’s effective exercise of its termination option hereunder; and if Tenant fails to exercise its termination option when and as provided
hereunder, including timely payment of the Termination Fee, Tenant’s exercise of its termination option shall be void and of no effect, and the Lease shall remain in effect as if Tenant had not attempted the exercise of its termination option.
Time is of the essence of this §1.4.1. 
 5    CONTRACTION OF
PREMISES. Beginning at 11:59 p.m. on the Effective Date, the following spaces (collectively the “Released Spaces”) shall be separately demised and subtracted from Premises, which for the remainder of the Term thereafter
shall comprise approximately 9,255 rentable square feet of rentable space for all purposes under the Lease, as shown in the Table as amended under 3 above and as depicted on the space plan (the “Space Plan”) attached hereto as
Exhibit B and incorporated herein by reference: 
  

  

	
	Oyster Point Marina Plaza Tenth Amendment to Office Lease
	Kashiwa Fudosan America, Inc.:: Titan Pharmaceuticals, Inc.
	page 2 of 2

 (a) approximately 3,900 rentable square feet of space shown on space plan
attached hereto as Exhibit C and incorporated herein by reference (the “Released Space A”); and 

(b) approximately 746 rentable square feet of space shown on space plan attached hereto as Exhibit D and
incorporated herein by reference (the “Released Space B”). 
 The Lease shall terminate on the Effective Date with respect to the
Released Spaces only with the same effect as if the Term had expired with respect thereto. 

5.2    Vacation of Released Spaces. On or before June 30, 2010 (the “Vacation
Date”), Tenant shall vacate and surrender the Released Spaces to Landlord in broom-clean condition as required under the Lease upon the expiration of the Term. Notwithstanding the foregoing, Tenant may leave its existing furniture and cubicles
in the Released Space A, which furniture and cubicles shall be available for the use of and/or purchase by a prospective tenant for the Released Space A on terms and conditions reasonably acceptable to Tenant; provided, that Tenant agrees promptly
to remove such furniture and cubicles from the Released Space A upon request from Landlord if the subsequent tenant of the Released Space A does not wish to make use of or purchase the existing furniture and cubicles. Tenant acknowledges and agrees
that, from and after the Vacation Date, Landlord will commence the construction of a Building-standard painted and taped demising wall and related work to separate the Released Spaces from the Premises and to prepare the Released Spaces for the
occupancy of another tenant from and after the Vacation Date as part of the Work (as defined in 5.1 below). 

5.3    Condition Precedent. Notwithstanding anything to the contrary herein, the execution and delivery to
Landlord of a lease amendment incorporating the Release Space B into its premises by The Greenspan Company shall be an express condition precedent to the effectiveness of this Tenth Amendment; and if The Greenspan Company fails to execute and
deliver such an amendment to Landlord, this Tenth Amendment shall be null, void, and of no force or effect. 

6    REDUCED PREMISES BASE RENT. The Base Rent for the Premises
specified in §1.5 of the Lease, as heretofore modified in the Addenda, shall be the amounts specified as Monthly Base Rent in the Table above for the various periods and spaces set forth in the Table from and after the Effective Date. In the
event of any conflict between the provisions of the Table and those of the Rent Schedule, the Rent Schedule shall prevail. 

7    EXTENSION TERM BASE YEAR. As specified in the
Table above, the Base Year for the purposes calculating Tenant’s Share of Increased Operating Expenses and Increased Taxes under Article 4 of the Lease as heretofore amended shall be calendar year 2010 from and after the Effective Date.

 8    CONDITION OF PREMISES. Except as otherwise expressly provided in
this 5 with respect to Landlord’s preparation of the Premises for Tenant’s continued occupancy, Tenant shall accept the Premises, any existing Improvements in the Premises, and the Systems and Equipment serving the same in an “as
is” condition on the Effective Date, and Landlord shall have no obligation to improve, alter, remodel, or otherwise modify the Premises in connection with Tenant’s continued occupancy of the Premises from and after the Effective Date.

 8.1    Landlord’s Preparation. Landlord shall use reasonable diligence in completing and
preparing the Premises for Tenant’s continued occupancy on or before the Effective Date. The facilities, materials, and work to be furnished, installed, and performed in the Premises by Landlord are referred to as the “Work.” Any
other installations, materials, and work which may be undertaken by or for the account of Tenant to prepare, equip, decorate, and furnish the Premises for Tenant’s 

 

  

	
	Oyster Point Marina Plaza Tenth Amendment to Office Lease
	Kashiwa Fudosan America, Inc.:: Titan Pharmaceuticals, Inc.
	page 3 of 3

 
continued occupancy are referred to as the “Tenant’s Work,” which shall include the connection and/or rewiring of Tenant’s telephone and data lines. The parties agree that
Landlord’s Work, to be completed at Landlord’s sole cost and expense, shall consist of the following items only: 

(i) demolition of a wall connecting the separate suites; 

(ii) construction of a Building-standard painted and taped demising wall and related work to separate the Released Spaces from the
Premises; 
 (iii) reconfiguration of the doorway for the file storage room; 

(iv) relocation of the PBX and door access systems into a new closet; and 

(v) reconfiguration of the energy-management system for the Premises. 

8.2     Interference with Tenant’s Business. The parties acknowledge that Tenant shall be in possession
of the Premises and shall conduct its business in the Premises during the performance of the Work described in 4.1 above. Landlord shall have no liability to Tenant, nor shall Tenant’s obligations under the Lease be reduced or abated in any
manner whatsoever, by reason of any inconvenience, annoyance, interruption, or injury to business arising from Landlord’s performance of the Work or from Landlord’s making any repairs or changes which Landlord is required or permitted to
perform by this Tenth Amendment or by any other tenant’s lease or required by law to make in or to any portion of the Complex, Property, Building, or the Premises. Landlord shall nevertheless use reasonable efforts to minimize any interference
with Tenant’s business in the Premises. Landlord agrees to use reasonable efforts to avoid interference with Tenant’s use and occupancy of the Premises during the performance of the Work and agrees to cause the application of paint and any
work generating unreasonable noise outside of normal business hours. The parties agree that Landlord shall not be liable for any damages which Tenant may incur during the performance of the Work, except to the extent that Tenant’s actual
damages are the result of Landlord’s negligence or wilfull misconduct. In no circumstances shall Landlord be liable to Tenant for business interruption, lost profits, or compensatory or consequential damages of any kind by virtue of
Landlord’s Work. Tenant specifically agrees that any interference with Tenant’s use or occupancy of the Premises caused by the performance of the Work shall not constitute a constructive eviction. 

8.3     Notice of Defects. It shall be conclusively presumed upon Tenant’s continued actual possession of
the Premises from and after the Effective Date that the same were in satisfactory condition (except for latent defects) as of the date of such taking of possession, unless within thirty (30) days after the Effective Date Tenant shall give
Landlord notice in writing specifying the respects in which the Premises were not in satisfactory condition. 

9       PARKING. The number of parking spaces specified in §28.1 of the Lease as available for
Tenant’s use is hereby amended to Thirty-Two (32). 
 10    SECURITY DEPOSIT.
Tenant’s Security Deposit specified in §5.1 of the Lease as heretofore amended shall remain unchanged in consequence of the parties’ execution and delivery of this Tenth Amendment to each other. 

11    NO DISCLOSURE. Tenant agrees that it shall not disclose any of the matters set forth in
this Tenth Amendment or disseminate or distribute any information concerning the terms, details, or conditions hereof to any person, firm, or entity without obtaining the express written approval of Landlord. 

12    DEFINED TERMS. Terms used herein that are defined in the Lease shall have the meanings
therein defined, unless a different definition is set forth in this Tenth Amendment. In the event of any conflict 
  

  

	
	Oyster Point Marina Plaza Tenth Amendment to Office Lease
	Kashiwa Fudosan America, Inc.:: Titan Pharmaceuticals, Inc.
	page 4 of 4

 In witness whereof, the parties have executed this Tenth Amendment as of the
date first above written. 
  

																	
	 	 	Landlord:	  	 	  	Tenant:	  	 
				
	KASHIWA FUDOSAN AMERICA, INC., a California corporation	  		  	TITAN PHARMACEUTICALS, INC., a Delaware corporation	  	
							
		 	By:	 	 TAK Development, Inc., a

California corporation
	  		  		  	By:	  	
 

							
		 	Its:	 	Attorney-in-Fact	  		  		  		  	SUNIL BHONSLE
		 		 		  		  		  		  		  	[name typed]
									
		 		 	By:	  	
 

	  		  		  		  		  	
		 		 		  	Toru Iwai, Vice-President 7/26/10.	  		  		  	Its:	  	President

  

			
	
 

	 	 Digitally signed by Robert L Delsman

Reason: Approved as to Legal Form &

Sufficiency
 Location: Berkeley,
California
 Date: 2010.07.18 14:28:51 -07’00’

 

  

	
	Oyster Point Marina Plaza Tenth Amendment to Office Lease
	Kashiwa Fudosan America, Inc.:: Titan Pharmaceuticals, Inc.
	page 6 of 6Amendment No. 1 to the Amended and Restated Credit Agreement

 Exhibit 4.1 

AMENDMENT NO. 1 

AMENDMENT NO. 1 dated as of August 13, 2010 (this “Amendment”) relating to that certain Credit Agreement dated as of August 9,
2006 and as amended and restated as of June 23, 2009 (the “Existing Credit Agreement” and, as amended hereby, the “Amended Credit Agreement”) among NIELSEN FINANCE LLC, a Delaware limited liability company
(together with its successors and assigns, “Nielsen”), TNC (US) HOLDINGS INC., a New York corporation (together with its successors and assigns, “TNC Inc.” and, together with Nielsen, the “U.S.
Borrowers”), NIELSEN HOLDING AND FINANCE B.V., a private company organized under the laws of The Netherlands, having its corporate seat in Diemen, The Netherlands (together with its successors and assigns, the “Dutch
Borrower” and, together with the U.S. Borrowers, the “Borrowers”), the Guarantors party thereto from time to time, CITIBANK, N.A., as Administrative Agent, a Swing Line Lender and an L/C Issuer, ABN AMRO Bank N.V., as a
Swing Line Lender, each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”), DEUTSCHE BANK SECURITIES INC., as Syndication Agent, and JPMORGAN CHASE BANK, N.A., ABN AMRO
BANK N.V. and ING BANK N.V., as Co-Documentation Agents. 
 PRELIMINARY STATEMENTS 

(1) WHEREAS, Nielsen desires to amend the Existing Credit Agreement to memorialize the terms of a recently completed Term Pro Rata
Extension Offer. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and for other good
and valuable consideration, the sufficiency and receipt of which is hereby acknowledged, the parties hereto hereby agree as follows: 

SECTION 1. Defined Terms; References. Unless otherwise specifically defined herein, each term used herein that is defined
in the Existing Credit Agreement has the meaning assigned to such term in the Existing Credit Agreement. Each reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each
reference to “this Agreement” and each other similar reference contained in any Loan Document, and each reference in any Loan Document to the Existing Credit Agreement or any other Loan Document or “thereunder”,
“thereof” or other similar reference to such other Loan Document, shall, on and after the Class C Term Loan Effective Date (as defined in Section 2 of this Amendment), refer to such Loan Document or other Loan Document as amended
hereby. 
 SECTION 2. Amendments. With effect from the Class C Term Loan Effective Date, the Existing Credit
Agreement is hereby amended as set forth in this Section 2. 
 (a) The following defined terms shall be added to
Section 1.01 of the Existing Credit Agreement in proper alphabetical order: 
 “Class C Dollar Term
Lender” means, at any time, any Lender that has a Class C Dollar Term Loan at such time. 
 “Class C Dollar
Term Loan” means a Loan that has been designated as such pursuant to and after giving effect to the Borrowers’ Term Pro Rata Extension Offer dated July 20, 2010. As of August 12, 2010 there are $1,374,995,663.11 aggregate
principal amount of Class C Dollar Term Loans outstanding. 
 “Class C Dollar Term Note” means a promissory
note of Nielsen payable to any Class C Dollar Term Lender or its registered assigns (in a form substantially similar to that for a Class B Dollar Term Note 

 
with modifications necessary to evidence the Class C Dollar Term Loans) evidencing the aggregate Indebtedness of Nielsen to such Class C Dollar Term Lender resulting from the Class C Dollar Term
Loans made by such Class C Dollar Term Lender. 
 “Class C Euro Term Lender” means, at any time, any Lender
that has a Class C Euro Term Loan at such time. 
 “Class C Euro Term Loan” means a Loan that has been
designated as such pursuant to and after giving effect to the Borrowers’ Term Pro Rata Extension Offer dated July 20, 2010. As of August 12, 2010 there are €96,290,507.54 aggregate principal amount of Class C Euro Term Loans
outstanding. 
 “Class C Euro Term Note” means a promissory note of Nielsen payable to any Class C Euro Term
Lender or its registered assigns (in a form substantially similar to that for a Class B Euro Term Note with modifications necessary to evidence the Class C EuroTerm Loans) evidencing the aggregate Indebtedness of Nielsen to such Class C Euro Term
Lender resulting from the Class C Euro Term Loans made by such Class C Euro Term Lender. 
 “Class C Term
Lenders” means each Class C Dollar Term Lender and each Class C Euro Term Lender. 
 “Class C Term Loan
Effective Date” means August 12, 2010. 
 “Class C Term Loans” means each Class C Dollar Term
Loan and each Class C Euro Term Loan. 
 (b) The following defined terms in Section 1.01 of the Existing Credit Agreement
shall be replaced in their entirety as set forth below: 
 “Applicable Rate” means a percentage per annum equal
to: 
  

	 	(a)	with respect to Class A Term Loans, which are 

(A) Class A Euro Term Loans, the following percentages per annum based upon the Secured Leverage Ratio as set forth in the most
recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a): 
  

					
	 Applicable Rate
	  	 
	 Pricing Level
	  	 Secured Leverage Ratio
	  	
        Rate        

	 1
	  	<4.25:1	  	2.00%
	 2
	  	34.25:1	  	2.25%

 and

 (B) which are Class A Dollar Term Loans, the following percentages per annum based upon the Secured Leverage Ratio as
set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a): 
  

							
	 Applicable Rate

	 Pricing Level
	  	 Secured Leverage Ratio
	  	 Eurocurrency Rate
	  	
    Base Rate    

	 1
	  	<4.25:1	  	2.00%	  	1.00%
	 2
	  	34.25:1	  	2.25%	  	1.25%

  

 -2- 

	 	(b)	with respect to Class B Term Loans, which are 

(A) Class B Euro Term Loans, 3.75%; and 

(B) which are Class B Dollar Term Loans, 3.75% in the case of Eurocurrency Rate Loans and 2.75% in the case of Base Rate Loans.

  

	 	(c)	with respect to Class C Term Loans, which are: 

(A) Class C Euro Term Loans, the following percentages per annum based upon the Total Leverage Ratio as set forth in the most recent
Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a): 
  

					
	 Applicable Rate
	  	 
	 Pricing Level
	  	 Total Leverage Ratio
	  	 Rate

	 1
	  	£5.00:1	  	3.50%
	 2
	  	>5.00:1	  	3.75%

 and

 (B) which are Class C Dollar Term Loans, the following percentages per annum based upon the Total Leverage Ratio as set forth
in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a): 
  

							
	 Applicable Rate

	 Pricing Level
	  	 Total Leverage Ratio
	  	 Eurocurrency Rate
	  	 Base Rate

	 1
	  	£5.00:1	  	3.50%	  	2.50%
	 2
	  	>5.00:1	  	3.75%	  	2.75%

 ; provided that the
Applicable Rate set forth above in this clause (c) applicable to Class C Term Loans shall be reduced by 0.25% for so long as Borrowers maintain a corporate credit and/or family rating, as applicable, of either BB- from S&P or Ba3 from
Moody’s. 
 (d) with respect to Revolving Credit Loans, unused Revolving Credit Commitments and Letter of
Credit fees, the following percentages per annum (less, in the case of Letter of Credit fees, the fronting fee payable in respect of the applicable Letter of Credit), based upon the Total Leverage Ratio as set forth in the most recent Compliance
Certificate received by the Administrative Agent pursuant to Section 6.02(a): 
  

									
	 Applicable Rate

	 Pricing Level
	  	 Total
Leverage Ratio
	  	 Eurocurrency
Rate and Letter
of Credit
Fees
	  	Base Rate	  	Unused
Commitment
Fee Rate
	 1
	  	<5.0:1	  	1.50%	  	0.50%	  	0.375%
	 2
	  	35.0:1 but <5.5:1	  	1.75%	  	0.75%	  	0.375%
	 3
	  	35.5:1 but <6.0:1	  	2.00%	  	1.00%	  	0.50%
	 4
	  	36.0:1	  	2.25%	  	1.25%	  	0.50%

  

 -3- 

 Any increase or decrease in the Applicable Rate resulting from a change in the Total Leverage Ratio or the
Secured Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided that, at the option of the Administrative Agent or the
Required Lenders, the highest Pricing Level shall apply (x) as of the first Business Day after the date on which a Compliance Certificate was required to have been delivered but was not delivered, and shall continue to so apply to and including
the date on which such Compliance Certificate is so delivered (and thereafter the Pricing Level otherwise determined in accordance with this definition shall apply) and (y) as of the first Business Day after an Event of Default under
Section 8.01(a) shall have occurred and be continuing, and shall continue to so apply to but excluding the date on which such Event of Default is cured or waived (and thereafter the Pricing Level otherwise determined in accordance with this
definition shall apply). 
 “Class” (a) when used with respect to Lenders, refers to whether such Lenders
are Tranche A Revolving Credit Lenders, Tranche B Revolving Credit Lenders, Tranche C Revolving Credit Lenders, Tranche D Revolving Credit Lenders, Tranche E Revolving Credit Lenders, Tranche F Revolving Credit Lenders, Tranche G Revolving Credit
Lenders, Tranche H Revolving Credit Lenders, Class A Dollar Term Lenders, Class B Dollar Term Lenders, Class C Dollar Term Lenders, Class A Euro Term Lenders, Class B Euro Term Lenders or Class C Euro Term Lenders, (b) when used with
respect to Commitments, refers to whether such Commitments are Tranche A Revolving Credit Commitments, Tranche B Revolving Credit Commitments, Tranche C Revolving Credit Commitments, Tranche D Revolving Credit Commitments, Tranche E Revolving Credit
Commitments, Tranche F Revolving Credit Commitments, Tranche G Revolving Credit Commitments, or Tranche H Revolving Credit Commitments, and (c) when used with respect to Loans or a Borrowing, refers to whether such Loans, or the Loans
comprising such Borrowing, are Tranche A Revolving Credit Loans, Tranche B Revolving Credit Loans, Tranche C Revolving Credit Loans, Tranche D Revolving Credit Loans, Tranche E Revolving Credit Loans, Tranche F Revolving Credit Loans, Tranche G
Revolving Credit Loans, Tranche H Revolving Credit Loans, Class A Dollar Term Loans, Class B Dollar Term Loans, Class C Dollar Term Loans, Class A Euro Term Loans, Class B Euro Term Loans or Class C Euro Term Loans. 

“Dollar Term Loan” means a Class A Dollar Term Loan, a Class B Dollar Term Loan or a Class C Dollar Term Loan, as
applicable. 
 “Euro Term Loan” means a Class A Euro Term Loan, a Class B Euro Term Loan or a Class C Euro
Term Loan, as applicable. 
 “Facility” means the Class A Dollar Term Loans, the Class A Euro Term
Loans, the Class B Dollar Term Loans, the Class B Euro Term Loans, the Class C Dollar Term Loans, the Class C Euro Term Loans, each Revolving Credit Facility, the Swing Line Sublimit or the Letter of Credit Sublimit, as the context may require.

 “Maturity Date” means (i) with respect to the Class A Term Loans, the seventh anniversary of the
Pushdown Date, (ii) with respect to the Class B Term Loans, May 1, 2016, (iii) with respect to the Class C Term Loans, May 1, 2016 and (iv) with respect to the Revolving Credit Facility, the sixth anniversary of the Pushdown
Date. 
  

 -4- 

 “Note” means a Class A Dollar Term Note, a Class B Dollar Term Note, a
Class C Dollar Term Note, a Class A Euro Term Note, a Class B Euro Term Note, a Class C Euro Term Note, a Revolving Credit Note or a Swing Line Note, as the context may require. 

“Outstanding Amount” means (a) with respect to the Class A Dollar Term Loans, Class B Dollar Term Loans, Class
C Dollar Term Loans, Class A Euro Term Loans, Class B Euro Term Loans, Class C Euro Term Loans, Revolving Credit Loans and Swing Line Loans on any date, the Dollar Amount thereof after giving effect to any borrowings and prepayments or
repayments of Class A Dollar Term Loans, Class B Dollar Term Loans, Class C Dollar Term Loans, Class A Euro Term Loans, Class B Euro Term Loans, Class C Euro Term Loans, Revolving Credit Loans (including any refinancing of outstanding
unpaid drawings under Letters of Credit or L/C Credit Extensions as a Revolving Credit Borrowing) and Swing Line Loans, as the case may be, occurring on such date; and (b) with respect to any L/C Obligations on any date, the Dollar Amount
thereof on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes thereto as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters of Credit
(including any refinancing of outstanding unpaid drawings under Letters of Credit or L/C Credit Extensions as a Revolving Credit Borrowing) or any reductions in the maximum amount available for drawing under Letters of Credit taking effect on such
date. 
 “Term Lender” means, at any time, any Class A Dollar Term Lender, Class A Euro Term Lender,
Class B Dollar Term Lender, Class B Euro Term Lender, Class C Dollar Term Lender or Class C Euro Term Lender, as the context may require. 

“Term Loan” means a Class A Dollar Term Loan, Class A Euro Term Loan, Class B Dollar Term Loan, Class B Euro
Term Loan, Class C Dollar Term Loan or Class C Euro Term Loan, as the context may require. 
 (c) The proviso in the first
sentence of Section 2.05(a)(i) of the Existing Credit Agreement is hereby amended by (x) replacing the word “and” immediately before the “(4)” with a comma, (y) adding the words “or Class C Term Loans”
immediately after the words “Class B Term Loans” in clause (4) of such proviso and (z) and adding at the end of such sentence “and (5) to the extent there are Class B Term Loans outstanding, such Class B Term Loans must
be prepaid pursuant to this Section 2.05(a) prior to the repayment of any Class C Term Loans pursuant to this Section 2.05(a)”. 

(d) Section 2.05(b)(ix) of the Existing Credit Agreement is hereby amended by (x) deleting the word “and” immediately
before the phrase “, second” and (y) adding to such section immediately before the proviso the following: “and, third, to the Class C Term Loans (for the avoidance of doubt) pro rata across each Class of such Term Loans, with the
application thereof being applied to the remaining installments thereof as the Borrowers may direct”. 
 (e) Sections
2.07(a) and (b) of the Existing Credit Agreement are hereby replaced in their entirety with the following: 
 “(a)
Dollar Term Loans. Nielsen shall repay to the Administrative Agent in Dollars for the ratable account of the Class A Dollar Term Lenders, Class B Dollar Term Lenders and Class C Dollar Term Loans (i) on the last Business Day of each
March, June, September and December, an aggregate Dollar Amount equal to 0.25% of the aggregate Dollar Amount of all Class A Dollar Term Loans, Class B Dollar Term Loans or Class C Dollar Term Loans (or related predecessor Loans) ever
outstanding hereunder (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and (ii) on the Maturity Date for the Class A Dollar Term Loans,
Class B Dollar Term Loans and Class C Dollar Term Loans, respectively, the aggregate principal amount of all such Class A Dollar Term Loans, Class B Dollar Term Loans and Class C Dollar Term Loans outstanding on such date. 

 

 -5- 

 (b) Euro Term Loans. Nielsen shall repay to the Administrative Agent in Euros for the
ratable account of the Class A Euro Term Lenders, Class B Euro Term Lenders and Class C Euro Term Lenders (i) on the last Business Day of each March, June, September and December, an aggregate amount equal to 0.25% of the aggregate amount
of all Class A Euro Term Loans, Class B Euro Term Loans or Class C Euro Term Loans (or related predecessor Loans) ever outstanding hereunder (which payments shall be reduced as a result of the application of prepayments in accordance with the
order of priority set forth in Section 2.05) and (ii) on the Maturity Date for the Class A Euro Term Loans, Class B Euro Term Loans and Class C Euro Term Loans, respectively, the aggregate principal amount of all Class A Euro
Term Loans, Class B Euro Term Loans and Class C Euro Term Loans outstanding on such date.” 
 SECTION 3. Certain
Consequences Of Effectiveness. 
 On and after the Class C Term Loan Effective Date, the rights and obligations of the
parties to the Existing Credit Agreement shall be governed by the Amended Credit Agreement; provided that the rights and obligations of the parties to the Existing Credit Agreement with respect to the period prior to the Class C Term Loan Effective
Date shall continue to be governed by the provision of the Existing Credit Agreement prior to giving effect to this Amendment and the amendments contemplated hereby. The Existing Credit Agreement and the other Loan Documents, as specifically amended
hereby, are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects. Without limiting the foregoing, Nielsen agrees that the Collateral Documents and all of the Collateral does and shall continue to
secure the payment of all Secured Obligations (including those modified hereby) on the terms and conditions set forth in the Collateral Documents. 

SECTION 4. Severability. If any provision of this Amendment is held to be illegal, invalid or unenforceable, the legality,
validity and enforceability of the remaining provisions of this Amendment shall not be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction. 
 SECTION 5. Governing Law. This Amendment shall be governed by and construed in accordance with
the laws of the State of New York. ANY LEGAL ACTION OR PROCEEDING ARISING HEREUNDER OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THIS AMENDMENT, OR THE TRANSACTIONS
RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF
THIS AMENDMENT, EACH PARTY HERETO CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH PARTY HERETO IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON
THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS AMENDMENT OR OTHER TRANSACTION RELATED HERETO. EACH PARTY HERETO IRREVOCABLY CONSENTS TO
SERVICE OF PROCESS IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT IN THE MANNER PROVIDED FOR NOTICES (OTHER THAN TELECOPIER) IN SECTION 10.02 OF THE EXISTING CREDIT AGREEMENT. NOTHING IN THIS AMENDMENT WILL AFFECT THE RIGHT
OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 
  

 -6- 

 SECTION 6. WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY TO THIS AMENDMENT HEREBY
EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS AMENDMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THIS
AMENDMENT, OR THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HERETO HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR
CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AMENDMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 8 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE
WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 
 SECTION 7. Counterparts. This Amendment may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. Delivery by facsimile or email of an executed counterpart of a signature page to this Amendment shall be
effective as delivery of an original executed counterpart of this Amendment. 
  

 -7- 

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

			
	 NIELSEN FINANCE LLC

		
	By:	 	 /s/ William C. Bradley

		 	Name: William C. Bradley
		 	Title: SVP, Treasurer

  

 -1- 

			
	 CITIBANK, N.A., as Administrative Agent

		
	 By:
	 	 /s/ Christopher Wood

		 	 Name: Christopher Wood

		 	 Title: Vice President

  

 -2-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]