Document:

First Amendment to the Advisory Services Agreement by and among Universal City D

 EXHIBIT 10.1 
 EXECUTION VERSION 
 FIRST AMENDMENT TO THE 

ADVISORY SERVICES AGREEMENT 
 This First Amendment to the Advisory Services Agreement (this “First Amendment”) is made and entered into effective July 1, 2011 by and among Universal City Development Partners,
Ltd., a Florida limited partnership (the “Company”), Universal City Studios Productions LLLP, a Delaware limited liability partnership, as successor in interest to Vivendi Universal Entertainment LLLP (“Universal”),
and Blackstone Management Partners L.P., a Delaware limited partnership (“Blackstone”). 
 RECITALS

 A. The Company, Universal and Blackstone entered into the Advisory Services Agreement dated as of July 2002 but effective as of
January 1, 2002 (the “Advisory Services Agreement”) pursuant to which Blackstone and Universal agreed to provide certain services to the Company as set forth therein. Capitalized terms used in this First Amendment but not
defined herein shall have the meanings given to them in the Advisory Services Agreement. 
 B. Upon the consummation of the transactions
contemplated by the Purchase Agreement dated June 6, 2011, as amended July 1, 2011 (as amended, the “Purchase Agreement”), by and among Blackstone UTP Capital LLC, Blackstone UTP Capital A LLC, Blackstone UTP Offshore
Capital LLC, Blackstone Family Media III LLC (collectively, the “Blackstone Partners”), Parks Holdings Acquisition LLC, Parks Holdings Acquisition Sub LLC (together with Parks Holdings Acquisition LLC, the
“Purchasers”), Universal Studios Company LLC and Universal City Property Management II LLC, Blackstone will transfer its Interests (as defined in the Purchase Agreement) to the Purchasers. 

C. Pursuant to Section 8.06(d) of the Purchase Agreement, the parties thereto have agreed to terminate all rights and obligations of Blackstone
under the Advisory Services Agreement effective as of the Closing (as defined in the Purchase Agreement). 
 NOW, THEREFORE, in consideration of
the following terms and conditions, and for good and valuable consideration, the receipt and sufficiency of which is acknowledged, the parties hereto agree as follows: 
  

	 	1.	Section 1 is hereby deleted and replaced in its entirety with the following: 

 Appointment. The Company hereby appoints Universal to render the advisory and consulting services described in Section 2 hereof for the term of this Agreement. 

 

	 	2.	Section 2 is hereby deleted and replaced in its entirety with the following: 

 Services. Universal hereby agrees 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 Universal in its sole discretion 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

  
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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 or
its affiliates to the Company in connection with any specific acquisition, divestiture, refinancing or recapitalization by the Company. Universal may be entitled to receive additional compensation for providing services of the type specified in the
preceding sentence by mutual agreement of the Company and Universal. 
  

	 	3.	Section 3 is hereby deleted and replaced in its entirety with the following: 

 Fees. In consideration of the services contemplated by Section 2, for the term of this Agreement, the Company and its successors agree to pay to Universal an annual advisory fee of $1,250,000
(the “Advisory Fee”) which will be paid on or about January 1. The Advisory Fee shall be prorated for the first and last year of this Agreement. 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 Amended and Restated Agreement of Limited Partnership of Universal City Development Partners, Ltd. as amended by the First Amendment to the Amended and Restated Limited
Partnership Agreement dated May 25, 2007, the Second Amendment to the Amended and Restated Limited Partnership Agreement dated November 7, 2007 and the Third Amendment to the Amended and Restated Limited Partnership Agreement dated
October 18, 2009 (collectively, the “Partnership Agreement”)) payable pursuant to Section 20 of the Partnership Agreement. The Special Fee shall, to the extent payable under Section 20 of the Partnership Agreement, be
fully paid before any payment of the Advisory Fee to Universal. 
  

	 	4.	Section 5 is hereby deleted and replaced in its entirety with the following: 

 Accuracy of Information. The Company shall furnish or cause to be furnished to Universal such information as Universal believes appropriate to its respective assignment (all such information so
furnished being the “Information”). 
  

	 	5.	The second sentence of Section 6 is hereby deleted and replaced in its entirety with the following: 

The Term shall be automatically extended for successive one-year periods unless Universal or the Company provides the other party with
written notice at least 60 days prior to any extension date that it desires to terminate the Agreement. 
  

	 	6.	Section 7 is hereby deleted and replaced in its entirety with the following: 

  
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 Permissible Activities. Subject to applicable law, the terms of each of the
Partnership Agreement of the Company, the Third Amended and Restated Agreement of General Partnership of Universal City Florida Holding Co. I, and the Third Amended and Restated Agreement of General Partnership of Universal City Florida Holding Co.
II, nothing herein shall in any way preclude Universal, its affiliates or 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. 

 

	 	7.	The notice address for Blackstone in Section 9(b) is hereby deleted in its entirety. 

 

	 	8.	The notice address for Universal in Section 9(b) is hereby deleted and replaced in its entirety with the following: 

 

							
		 	 If to Universal:
	  	Universal City Studios Productions LLLP
		 		  	100 Universal City Plaza, Building 1280-14
		 		  	Universal City, California 91608
		 		  	Attention:	  	Executive Vice President and General Counsel
		 		  		  	Universal City Studios LLC
		 		  	Facsimile:	  	818-866-0229
		 		  	Email:	  	Maren.Christensen@nbcuni.com
			
		 		  	With a copy to:
			
		 		  	Universal Parks & Resorts
		 		  	1000 Universal Studios Plaza
		 		  	Orlando, FL 32819
		 		  	Attention:	  	Senior Vice President, Legal and Business Affairs
		 		  	Facsimile:	  	407-224-7704
		 		  	Email:	  	Cathy.Roth@universalorlando.com

  

	 	9.	The word “Blackstone,” in the second sentence of Section 9(d) is hereby deleted. 

 

	 	10.	Except as otherwise set forth in this First Amendment, the Advisory Services Agreement shall remain unmodified and in full force and effect. 

 

	 	11.	Each reference herein to a party hereto shall be deemed to include its successors and assigns, all of whom shall be bound by this First Amendment and in whose favor the
provisions of this First Amendment shall inure. In case any one or more of the provisions contained in this First Amendment shall be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining
provisions contained herein shall not in any way be affected or impaired thereby. 

  

	 	12.	 The parties hereto agree to execute all such other documents and instruments and to do such other and further things as may be necessary or desirable
for the execution 

  
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and implementation of this First Amendment and the consummation of the transactions contemplated hereby and thereby. 

 

	 	13.	This First Amendment shall be governed by and construed in accordance with the laws of the State of New York, without regard to any principles or rules of conflicts of
law that would cause the application of another law. 

  

	 	14.	WAIVER OF JURY TRIAL. EACH PARTY HERETO WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS PURSUANT HERETO.

  

	 	15.	This First Amendment may be executed in any number of multiple counterparts, all of which will constitute but one and the same instrument. 

[Remainder of page intentionally left blank.] 

  
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 IN WITNESS WHEREOF, the Company, Universal and Blackstone have caused this First Amendment
to be executed by their respective officers thereunto duly authorized as of the date first above written. 
  

			
	UNIVERSAL CITY DEVELOPMENT PARTNERS, LTD.
		
	By:	 	/s/ Tracey Stockwell
	 Name:
 Title:
	 	 Tracey Stockwell
 Chief
Financial Officer

  

			
	UNIVERSAL CITY STUDIOS PRODUCTIONS LLLP
		
	By:	 	/s/ Robert S. Pick
	 Name:
 Title:
	 	 Robert S. Pick
 Senior Vice
President

  

					
	BLACKSTONE MANAGEMENT PARTNERS L.P.
		
		 	By: Blackstone Management Partners L.L.C.

  

			
		
	By:	 	/s/ Michael Chae
	Name:	 	Michael Chae
	Title:	 	Sr. Managing Director

 First Amendment To The Advisory Services AgreementExhibit 10.1

 Exhibit 10.1 
 Summary of 2011 Compensation Arrangements for Named Executive Officers 

This Summary sets forth, as of August 3, 2011, the material compensation arrangements for each of the “named executive
officers,” as defined in Item 402 of Regulation S-K, of MicroStrategy Incorporated (“MicroStrategy” and, collectively with its subsidiaries, the “Company”), and any other executive officers identified in the Summary
Compensation Table of MicroStrategy’s Proxy Statement for the 2011 Annual Meeting of Stockholders, who remained employed with the Company as of August 3, 2011. 
 Base Salary 
  

					
	 Michael J. Saylor, Chairman of the Board, President and Chief Executive Officer
	  	$	875,000	  
	 Sanju K. Bansal, Vice Chairman of the Board, Executive Vice President and Chief Operating Officer
	  	$	500,000	  
	 Jonathan F. Klein, Executive Vice President, Law & General Counsel
	  	$	650,000	  
	 Douglas K. Thede, Executive Vice President, Finance & Chief Financial Officer
	  	$	500,000	  
	 Jeffrey A. Bedell, Executive Vice President, Technology & Chief Technology Officer
	  	$	500,000	  

 Cash Bonus Compensation 
 The Compensation Committee is authorized to develop, adopt, and implement compensation arrangements, including cash bonus awards, for Mr. Saylor. The Compensation Committee established a formula (the
“2011 Bonus Formula”) for determining the eligible bonus amount with respect to Mr. Saylor’s performance during the fiscal year ending December 31, 2011. The 2011 Bonus Formula provides for an eligible bonus amount
calculated using graduated rates based on the Company’s diluted earnings per share (“DEPS”) for the fiscal year ending December 31, 2011, as follows: 

 

	 	•	 	 $400,000 per dollar of DEPS for the first dollar of DEPS, plus 

 

	 	•	 	 $500,000 per dollar of DEPS for the second dollar of DEPS, plus 

 

	 	•	 	 $600,000 per dollar of DEPS for each dollar of DEPS over $2.00. 

 Mr. Saylor’s maximum cash bonus amount for 2011 is $4,800,000. The Compensation Committee has the discretion to award a cash bonus amount lower than the eligible bonus amount calculated using
the 2011 Bonus Formula. 
 The Chief Executive Officer is authorized to develop, adopt, and implement compensation arrangements,
including cash bonus awards, for Messrs. Bansal, Klein, Thede, and Bedell. 
 The Chief Executive Officer established cash bonus
targets for each of Messrs. Bansal, Klein, Thede, and Bedell for 2011 in the amounts of $500,000, $850,000, $500,000, and $500,000, respectively. Awards pursuant to the foregoing cash bonus targets will be determined by the Chief Executive Officer
based on the Chief Executive Officer’s subjective evaluation of the individual’s performance in the context of general economic and industry conditions and Company performance during 2011. 

Performance Incentive Plan 
 Awards under the Performance Incentive Plan (the “Plan”) consist of the right to receive a cash amount that is either (A) a fixed amount determined at the time of grant of the award or
(B) an amount calculated by multiplying a percentage that is specified at the time of grant of the award (“Bonus Percentage”) by MicroStrategy’s Core Operating Income (as defined below) for the performance period of the award, in
each case subject to reduction at the discretion of the administrator of the award for a specified amount of time following the applicable performance period, and otherwise in accordance with the terms and conditions of the Plan. For purposes of the
Plan, “Core Operating Income” means income from operations before financing and other income and income taxes of MicroStrategy’s consolidated core business intelligence business unit. Payment of a bonus amount with respect to an award
will occur within 31 days after the third anniversary of the last day of the fiscal year in which the performance period of the award occurs (a “Payment Date”), subject to the award recipient being continuously employed during such
three-year period and the other terms and conditions of the Plan. If an award recipient dies, becomes disabled, or retires in a circumstance that would constitute a qualifying retirement under the Plan (any such

 
event, a “Special Separation Event”) before the completion of the performance period of the award, the award recipient would be eligible to receive a pro rata portion of the cash bonus
amount pertaining to the award based on the number of months of the award recipient’s employment with respect to such performance period (rounded down to the nearest whole month), payable on the Payment Date of such award. If a Special
Separation Event occurs after the completion of the performance period of the award, but prior to the Payment Date of the award, the award recipient would be eligible to receive the full bonus amount pertaining to the award, payable on the Payment
Date of such award. 
 Bonus amounts may be reduced or recouped by the Company, in whole or in part, in the event the award
administrator determines that the award recipient has engaged in fraud or misconduct. The award administrator may also reduce, in whole or in part, a bonus amount payable to a recipient if the Company experiences a financial restatement and a
previously determined bonus amount payable under an award is greater than it would be if such amount were determined based on the restated financial statement. The total amount paid under the Plan to any individual participant may not exceed
$1,500,000 in any fiscal year (the “Annual Cap”). 
 On March 29, 2011, the Compensation Committee granted awards
under the Plan, each with a performance period of fiscal year 2011, to Messrs. Bansal, Klein, Thede, and Bedell with Bonus Percentages of 0.50%, 0.66%, 0.66%, and 0.50%, respectively. Pursuant to these awards, each of Messrs. Bansal, Klein, Thede,
and Bedell is eligible to receive, upon satisfaction of the terms and conditions of his award and subject to the Annual Cap, a cash bonus amount equal to the applicable Bonus Percentage multiplied by MicroStrategy’s Core Operating Income for
fiscal year 2011, subject to the negative discretion of the Compensation Committee. 
 Option Awards 

Messrs. Saylor, Bansal, Klein, Thede, and Bedell are eligible to receive options, restricted stock awards, and other awards under the
Amended and Restated 2009 Stock Incentive Plan of Angel.com Incorporated (“Angel.com”), a subsidiary of MicroStrategy. 
 Other
Compensation 
 On January 31, 2011, MicroStrategy entered into an agreement with Aeromar Management Company, LLC, a
Delaware limited liability company (“Aeromar”), of which Mr. Saylor is the sole member, effective October 11, 2010. Under the agreement, MicroStrategy is (i) providing to Aeromar use of approximately 120 square feet of
office space within MicroStrategy’s leased headquarters space at 1850 Towers Crescent Plaza, Vienna, Virginia, (ii) providing to Aeromar various related services and arrangements, and (iii) providing to Mr. Saylor gross-up
payments in respect of taxes that he may incur as a result of the arrangement. The agreement does not require any rental or other payments from Aeromar or Mr. Saylor. MicroStrategy has filed a copy of this agreement as Exhibit 10.14 to its
Annual Report on Form 10-K for the fiscal year ended December 31, 2010, which was filed with the Securities and Exchange Commission on February 18, 2011. 
 The Company pays monthly dues for Messrs. Saylor, Bansal, Klein, Thede, and Bedell at a private club that offers dining services and hosts business, professional, and social community events.

 The Company provides individual disability insurance policies to Messrs. Saylor, Bansal, Klein, Thede, and Bedell as a
supplement to the group disability insurance that is available to most Company employees. The Company pays the premiums with respect to these supplemental policies. 
 The Company is authorized to make available, from time to time, tickets to sporting, charity, dining, entertainment, or similar events as well as use of corporate suites, club memberships, or similar
facilities that the Company may acquire (“Corporate Development Programs”), for personal use by Company personnel to the extent a Corporate Development Program is not at such time being used exclusively by the Company for business
purposes. Eligible personnel include members of MicroStrategy’s Board of Directors (the “Board”), executive officers of the Company, and other employees of the Company. Any such personal use may be deemed compensation to such persons.

 The Company has adopted a policy authorizing the Company to make available, from time to
time, any designated vehicle that the Company owns or may acquire (“Designated Vehicles”) for personal use by eligible Company personnel, to the extent the Designated Vehicle is not at such time being used exclusively by the Company for
business purposes. Eligible personnel include the Chief Executive Officer and any employees and members of the Board authorized by the Chief Executive Officer to use Designated Vehicles. Any such personal use may be deemed compensation to such
persons. 
 The Company is also authorized to acquire the services of one or more drivers for vehicles other than a Company
vehicle (such services, “Alternative Car Services”) for personal use by eligible Company personnel. Eligible personnel include the Chief Executive Officer and any employees and members of the Board authorized by the Chief Executive Officer
to use Alternative Car Services. Any such personal use may be deemed compensation to such persons. The Company has established a policy that the aggregate compensation to all Company personnel as a result of use of Alternative Car Services, together
with all associated tax gross-up payments, may not exceed $150,000 in any fiscal year. 
 The Company has adopted an amended and
restated aircraft use policy which, among other things, permits certain personal use of any aircraft in which the Company has leased a fractional interest (the “Fractional Aircraft”) and which is managed by NetJets International, Inc. or
any of its affiliates (collectively, “NetJets”), together with all other aircraft managed or provided by NetJets to the extent that the Company uses such other aircraft in connection with the Company’s lease of the Fractional Aircraft
(collectively, the “NetJets Aircraft”). In addition, the amended and restated aircraft use policy permits certain non-business use of such other aircraft that the Company may, from time to time, lease, charter, or otherwise procure (other
than by purchase of an interest in an aircraft), and that has been designated by MicroStrategy to be “Company Aircraft” for purposes of the amended and restated aircraft use policy (collectively with the NetJets Aircraft, “Company
Aircraft”). The amended and restated aircraft use policy permits personal use of Company Aircraft by (a) the Chief Executive Officer, (b) non-employee members of the Board provided that (i) all non-employee Board members are
invited by MicroStrategy to travel on the applicable flight and (ii) such non-business use is in connection with the non-employee Board member’s participation in one or more of the following: Board meetings and other related activities;
parties, outings, or other similar entertainment events that the Company may hold, host, or otherwise arrange and to which all non-employee Board members have been invited; or conferences, symposia, and other similar events or activities relating to
the Company’s business, in which the non-employee Board member is participating at the Company’s request, and (c) other officers or employees of the Company to the extent approved by the Chief Executive Officer, in each case only when
the Company Aircraft in question is not otherwise being used by the Company exclusively for business use. Any such personal use may be deemed compensation to such persons. 
 From time to time, the Board may hold meetings and other related activities in various locations for which the Company’s payment of the expenses of Company participants and Company participants’
guests may be deemed compensation to Company participants (“Meeting Activities”). 
 Each year the Company sponsors a
“President’s Club” trip for Company sales and services personnel who have met specified performance criteria as well as certain executive officers and their guests (“President’s Club Events”). Participation in
President’s Club Events by Company personnel may be deemed compensation to such persons. The Company has established a policy that the compensation imputed to Mr. Saylor as a result of such participation, excluding any associated tax
gross-up payments, may not exceed $30,000 in any fiscal year. 
 In addition, the Company may hold, host, or otherwise arrange
parties, outings, or other similar entertainment events at which Mr. Saylor and Mr. Bansal are permitted to entertain personal guests (“Entertainment Events”) and are paid a tax gross-up for taxes they may incur as a result of
such event, as described below. The Company has established a policy that the aggregate incremental cost to the Company of such Entertainment Events (to the extent that they are not Corporate Development Programs) attributable to each of
Mr. Saylor and Mr. Bansal, including all tax gross-up payments, may not exceed $75,000 in any fiscal year. 
 The
Company may also request that Company personnel participate in conferences, symposia, and other similar events or activities relating to the Company’s business for which the Company’s payment of the expenses of Company participants and
Company participants’ guests may be deemed compensation to Company participants (“Company-Sponsored Activities”). 

 To the extent that personal use of Corporate Development Programs, Designated Vehicles,
Alternative Car Services, or Company Aircraft or participation in Meeting Activities, President’s Club Events, Entertainment Events, or Company-Sponsored Activities is deemed compensation to Messrs. Saylor, Bansal, Klein, Thede, or Bedell, the
Company pays to (or withholds and pays to the appropriate taxing authority on behalf of) such individual a “tax gross-up” in cash, which would approximate the amount of the individual’s (i) federal and state income and payroll
taxes on the taxable income associated with such participation or personal use plus (ii) federal and state income and payroll taxes on the taxes that the individual may incur as a result of the payment of taxes by the Company, subject to the
aggregate amount limitations described above, if applicable.

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