Document:

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                                                                    Exhibit 10.9

                       MSA Addendum (The Princeton Review)

This Addendum to the Master Services Agreement shall be incorporated by
reference into said MSA, and shall control all conflicting terms in the Master
Services Agreement and in any Service Order(s) executed thereunder.

DELETE PARAGRAPH 1. OF THE MSA ENTITLED "NATURE OF AGREEMENT" IN ITS ENTIRETY
AND REPLACE WITH THE FOLLOWING:
"This is an Agreement for the provision by Frontier GlobalCenter of Internet
connectivity services (the "Bandwidth"), the availability of space (the "Space")
to store and operate Client-owned equipment (the "Client-Hardware") including
Frontier GlobalCenter's hardware (the "Hardware") necessary therefor, and the
licensing of software to provide such Services (the "Software"), together
comprising an Internet connectivity and collocation package to be provided by
Frontier GlobalCenter under this Agreement (together, the "Services").

DELETE PARAGRAPH 2.1 OF THE MSA ENTITLED "ORDERS" IN ITS ENTIRETY AND REPLACE
WITH THE FOLLOWING:
"ORDERS. Client may issue one or more service orders describing the Bandwidth,
Space, Client-Hardware, and Software that Client desires ("Service Order"). Each
Service Order will set forth the prices, initial term of Services and other
information in the form set forth in the Service Order Form. No Service Order
shall be effective until accepted by Frontier GlobalCenter, provided that
Frontier GlobalCenter must promptly accept any Service Order within the terms of
this Agreement provided Client is not then in material default hereunder. All
Service Orders will be subject to the terms and conditions of this Agreement,
and the terms of this Agreement shall supersede any terms and conditions which
may appear on Client's order form, or purchase order."

DELETE PARAGRAPH 2.2 OF THE MSA ENTITLED "CANCELLATION" IN ITS ENTIRETY AND
REPLACE WITH THE FOLLOWING:
"CANCELLATION. In the event that Client cancels or terminates a Service Order at
any time for any reason whatsoever other than expiration of a Service Order or a
Service Interruption (as defined below) Client agrees to pay GlobalCenter as a
cancellation fee all Monthly Recurring Charges specified in the Service Order
for the balance of the term therefor, or 30 days, whichever is less, which shall
become due and owing as of the effective date of cancellation or termination."

APPEND THE FOLLOWING EXTRACT TO PARAGRAPH 2.3 OF THE MSA ENTITLED "IP
ADDRESSES":
"For the purposes of IP Address renumbering, "reasonable notice" shall be at
least 5 business days."

INSERT THE FOLLOWING PARAGRAPH 2.4 IN THE MSA:
"STAFFING. Frontier Global Center guarantees that it shall, at all times,
maintain commercially acceptable staffing levels of Network Engineering,
Technical Account Manager, Operators and Security Personnel."

DELETE PARAGRAPH 3.1 OF THE MSA ENTITLED "LICENSE" IN ITS ENTIRETY AND REPLACE
WITH THE FOLLOWING:
"LICENSE. During the term of the applicable Service Order, Frontier GlobalCenter
grants Client a non-transferable, nonexclusive license to use the Software in
object code form only, solely on the Client-Hardware in conjunction with the
Services."

INSERT THE FOLLOWING PARAGRAPH 3.5 IN THE MSA:
"SOFTWARE LICENSE AND RIGHTS: Frontier Global Center shall ensure that adequate
licenses of the following software packages are made available to Client at no
additional charge from Frontier Global Center:

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Stormwatch (monitoring), Express Control (traffic & trouble tickets), Remedy,
Netcool, HP Openview, Cisco Works and Cascade View. Frontier GlobalCenter
indemnifies and holds harmless Client for all liabilities and costs including
reasonable attorneys' fees arising out of any direct or indirect license
violations that may result from software that Frontier GlobalCenter installs, or
requires Client to install, on Client systems."

REMOVE PARAGRAPH 4 OF THE MSA ENTITLED "HARDWARE TERMS AND CONDITIONS", IN ITS
ENTIRETY.

APPEND THE FOLLOWING EXTRACT TO PARAGRAPH 5.1 OF THE MSA ENTITLED "LICENSE TO
OCCUPY":
"Frontier GlobalCenter represents that such landlord has not in the past
objected to similar arrangements. In the event that the Client Space, MDC Floor,
or entire Frontier GlobalCenter MDC is rendered unfit (as mutually determined by
both Frontier GlobalCenter and Client) for use by Client, Frontier GlobalCenter
will use all commercially reasonable efforts to move customer to another Space,
Floor or data center at no charge to the customer."

DELETE PARAGRAPH 5.2 OF THE MSA ENTITLED "MATERIAL AND CHANGES" IN ITS ENTIRETY
AND REPLACE WITH THE FOLLOWING:
"MATERIAL AND CHANGES. Client shall not make any construction changes or
material alterations to the interior or exterior portions of the Space,
including any cabling or power supplies for the Hardware, without obtaining
Frontier GlobalCenter's prior written approval (not to be unreasonably denied or
delayed) for Client to have the work performed. Alternatively, Client may
request Frontier GlobalCenter to perform the work. Frontier GlobalCenter
reserves the right to perform and manage any construction or alterations within
the Space areas at rates to be negotiated between the Parties hereto. Client
agrees not to erect any signs or devices to the exterior portion of the Space
without submitting the request to Frontier GlobalCenter and obtaining Frontier
GlobalCenter's advance written approval."

DELETE PARAGRAPH 5.3 OF THE MSA ENTITLED "DAMAGE" IN ITS ENTIRETY AND REPLACE
WITH THE FOLLOWING: "Client agrees to reimburse Frontier GlobalCenter for all
reasonable repair or restoration costs associated with damage, destruction, or
theft caused by the gross negligence or willful misconduct Client's personnel,
Client's agents, Client's suppliers, Client's contractors, or Client's visitors
during the term or as a consequence of Client's removal of the Client-Hardware
or property installed in the Space.

Frontier GlobalCenter agrees to reimburse Client for all reasonable repair or
restoration costs associated with damage, destruction, or theft to Client's
material assets located in the Space, caused by the gross negligence or willful
misconduct of Frontier GlobalCenter's personnel, agents, suppliers, contractors,
or visitors."

APPEND THE FOLLOWING EXTRACT TO SECTION #5.4 OF THE MSA ENTITLED "INSURANCE":
"Frontier GlobalCenter agrees to maintain, at Frontier GlobalCenter's expense,
(i) Comprehensive General Liability Insurance in an amount not less than One
Million Dollars ($1,000,000) per occurrence for bodily injury or property
damage, (ii) Employer's Liability in an amount not less than Five Hundred
Thousand Dollars ($500,000) per occurrence, and (iii) Worker's Compensation in
an amount not less than that prescribed by statutory limits. Prior to taking
occupancy of the Space, Frontier GlobalCenter shall furnish Client with
certificates of insurance which evidence the minimum levels of insurance set
forth herein."

REMOVE PARAGRAPH #5.5 OF THE MSA ENTITLED "REGULATIONS" IN ITS ENTIRETY

REMOVE PARAGRAPH #5.6 OF THE MSA ENTITLED "DISCLAIMER" IN ITS ENTIRETY AND
REPLACE WITH THE FOLLOWING:

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Other than the specific representations and warranties made herein in this MSA,
Frontier GlobalCenter does not make any representation or warranty whatsoever as
to the fitness of the Space for Client's use.

ADD THE FOLLOWING PARAGRAPH 5.7 TO THE MSA:
"RIGHT OF FIRST REFUSAL: For a period of 90 calendar days from time of execution
of Initial Service Order, Frontier GlobalCenter will reserve one (1) cage (The
Cage) adjacent to Client's cage(s) exclusively for the Client. This reservation
period may be extended by the Client for an extra 30 days for a one-time fee of
$5000. A Service Order for this extension period must be executed by the end of
the initial 90 calendar day period. After the expiration of the reservation or
extended reservation period (90th or 120th calendar day), Frontier Global Center
shall give the Client the Right to First Refusal on that Cage during the term of
this Agreement. If Frontier Global Center wishes to offer the Cage to another
client, Frontier GlobalCenter must notify the Client in writing of its
intentions. After receiving such notification, if the Client wishes to exercise
this Right to First Refusal and decides to rent the cage, Frontier GlobalCenter
shall give the Client 5 business days to execute a Service Order for the Cage.
If Client does not execute a Service Order within the five (5) business days
specified, Frontier GlobalCenter may offer the adjacent cage to another client.

INSERT THE FOLLOWING PARAGRAPH 5.8 TO THE MSA:
"DELIVERIES. Frontier GlobalCenter shall, at no additional charge, receive
deliveries of Client's equipment to be installed in the Space. Client shall be
responsible for building off-hours elevator fees, if applicable, incurred during
such deliveries. Frontier GlobalCenter shall also, at no additional charge,
provide suitable storage for delivered equipment for up to 10 business days.

INSERT THE FOLLOWING PARAGRAPH 5.9 TO THE MSA:
"STAGING AREA. Frontier GlobalCenter shall, at no additional charge, provide
Client with reasonable space to assemble and test equipment prior to installing
it in the Space."

REMOVE SECTION 6 ENTITLED "SERVICE INTERRUPTIONS" IN ITS ENTIRETY AND REPLACE
WITH THE FOLLOWING:

"SERVICE INTERRUPTIONS

6.1. 99% NETWORK UPTIME GUARANTEE. Frontier GlobalCenter agrees that the Network
will experience 99.0% Network Uptime (as defined below) measured on a per-hour
basis. In the event of Network Downtime (as defined below), the monthly fee
payable for the Bandwidth, defined in the Service Orders, shall be reduced as
follows:

6.1.1. if the total Network Downtime over a single 24 hour period in the
calendar month is equal to or more than three and six tenths (3.6) hours and
less than seven and two tenths (7.2) hours, or if the total Network Downtime in
the calendar month is equal to or more than seven and two tenths (7.2) hours and
less than fourteen and four tenths (14.4) hours, the monthly Bandwidth fee for
that month shall be reduced by one-third (33.3%); and

6.1.2. if the total Network Downtime over a single 24 hour period in the
calendar month is equal to or more than seven and two tenths (7.2) hours and
less than fourteen and four tenths (14.4) hours, or if the total Network
Downtime in the calendar month is equal to or more than fourteen and four tenths
(14.4) hours and less than twenty-one and six-tenths (21.6) hours, the monthly
Bandwidth fee for that month shall be reduced by two-thirds (66.6%); and

6.1.3. if the total Network Downtime over a single 24 hour period in the
calendar month is equal to or more than fourteen and four tenths (14.4) hours,
or if the total Network Downtime in the calendar month is

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equal to or more than twenty-one and six-tenths (21.6) hours, the monthly
Bandwidth fee for that month shall be reduced by three-quarters (75%).

6.2 NETWORK UPTIME AND NETWORK DOWNTIME DEFINED. For the purposes of Section
6.1, Network Uptime is defined as the availability of core network services to
the Client's hardware, as measured by Express Control statistics (as described
in the Service Specification section) supplied by the Frontier GlobalCenter
Network Operations Center (NOC) to the Client. The Client reserves the right to
substitute a mutually accepted tool for measuring the availability of core
network services at a later date.

Any interruption in the availability of the Client's port(s) on Frontier Global
Center's switch(es), the Frontier Global Center switch(es) that the Client's
port resides on or the Network that connects the Frontier GlobalCenter switch
fabric with the Internet or any other failure to supply the Bandwidth to enable
the Client-Hardware to connect to the Internet is considered Network Downtime.
Failure of the Network to operate within normal operating parameters, such as
instances of packet loss over 40%, or transmission latency in excess of one
hundred and twenty (120) milliseconds, across Frontier GlobalCenter's national
IP backbone is also considered Network Downtime.

For purposes of this Section, the Internet is deemed to consist of services that
commence where Frontier GlobalCenter transmits a Client's content to Frontier
GlobalCenter's carrier(s) at the Frontier GlobalCenter border router port(s).
Such carriers provide Frontier GlobalCenter with private and dedicated
bandwidth. Frontier GlobalCenter undertakes no obligation for the circuit or
link between Frontier GlobalCenter's facilities and such carrier's services but
Frontier GlobalCenter hereby assigns to Client its guarantee, if any, from any
such carrier on which Client's content is transmitted.

6.3 MAINTENANCE WINDOWS. Frontier GlobalCenter reserves three (3) regularly
scheduled maintenance windows per week, of four hour duration, in order to
maintain and upgrade the Frontier Global Center IP Backbone infrastructure.
Outages or performance degradation during scheduled maintenance windows as a
result of router, switch or server maintenance, are not considered Downtime for
purposes of this section. Frontier GlobalCenter shall make all commercially
reasonable efforts to provide the Client with prior notification of all
scheduled and emergency maintenance procedures. Prior to taking occupancy of the
Space, as well as twenty-four (24) hours prior to any change in maintenance
schedule, Frontier GlobalCenter shall furnish Client with a written schedule of
maintenance windows.

6.4. 100% FACILITY UPTIME GUARANTEE. In the event of Facility Downtime (as
defined below), the Monthly Fee payable for the Co-location Services as set
forth in the applicable Service Order shall be reduced as follows:

6.4.1. If the total Facility Downtime in the calendar month is more than zero
(0) minutes and less than, or equal to four minutes and thirty-two seconds
(4.32) the monthly Space fee for that month shall be reduced by one-third
(33.3%);

6.4.2. If the total Facility Downtime in the calendar month is more than four
minutes and thirty-two seconds (4.32) the monthly Space fee for that month shall
be reduced by two-thirds (66.6%).

6.4.3. FACILITY DOWNTIME DEFINED. For the purposes of Section 6.4, Facility
Downtime shall mean any service interruption, only if such interruption is
either due to a facility power failure or environmental control failure.

6.5 INVESTIGATION OF SERVICE INTERRUPTIONS. At Client's request, Frontier
GlobalCenter will investigate any report of Downtime, and attempt to remedy any
Downtime expeditiously. If Frontier GlobalCenter

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reasonably determines that all facilities, systems and equipment furnished by
Frontier GlobalCenter are functioning properly and that Downtime arose from some
other cause, and so notifies Client, Frontier GlobalCenter shall continue to
investigate the Downtime cause at the client's request and expense for labor and
materials cost for services actually performed at the usual and customary rates
for similar services provided by Frontier GlobalCenter to clients in the same
locality.

6.6 TERMINATION. Client may terminate a Service Order in the event of Downtime
of either twenty-four (24) hours of cumulative time during any continuous twelve
(12) month period, or any continuous Downtime of eight (8) hours or more.

6.7 SOLE REMEDY. The terms and conditions of this Section 6 shall be Client's
sole remedy and Frontier GlobalCenter's sole obligation for any Downtime."

REMOVE PARAGRAPH 7. OF THE MSA ENTITLED "USER CONTENT" IN ITS ENTIRETY AND
REPLACE WITH THE FOLLOWING:
"USER CONTENT. Client is solely responsible for the content of any postings,
data, or transmissions using the Services ("Content"), or any other use of the
Services by Client or by any person or entity Client permits to access the
Services (a "User"). Client represents and warrants that it and any User will
not use the services for unlawful purposes (including without limitation
infringement of copyright or trademark, misappropriation of trade secrets, wire
fraud, invasion of privacy, pornography, obscenity and libel), or to interfere
with or disrupt other network users, network services or network equipment.
Disruptions include without limitation distribution of unsolicited advertising
or chain letters, repeated harassment of other network users, wrongly
impersonating another such user, falsifying one's network identity for improper
or illegal purposes, sending unsolicited mass e-mailings, propagation of
computer worms and viruses, and using the network to make unauthorized entry to
any other machine accessible via the network. If Frontier GlobalCenter has
reasonable grounds to believe that Client or a User is utilizing the Services
for any such illegal or disruptive purpose, Frontier GlobalCenter may suspend
Services immediately upon notice to Client until Client shows that no illegal or
disruptive purpose is being effected. Client shall defend, indemnify, hold
harmless Frontier GlobalCenter from and against all liabilities and costs
(including reasonable attorney's fees) arising from any and all claims by any
person arising out of Client's use of the Services, including without limitation
any content, except to the extent based on Frontier GlobalCenter's negligence,
willful misconduct, or breach of this agreement. Frontier GlobalCenter shall not
install any content on the Client-Hardware."

REMOVE PARAGRAPH 8.1 OF THE MSA ENTITLED "PAYMENT TERMS" IN ITS ENTIRETY AND
REPLACE WITH THE FOLLOWING:
"PAYMENT TERMS. Client shall pay the fees set forth in the Services Order Form
according to the terms set forth therein. Client agrees to pay an annual late
charge of two percent (2%) above the prime rate, per year, as reported by the
Wall Street Journal at the time of assessment or the maximum lawful rate,
whichever is less, for all undisputed amounts not paid within thirty (30) days
of receipt of invoice."

REMOVE PARAGRAPH 8.2 OF THE MSA ENTITLED "LATE PAYMENTS" IN ITS ENTIRETY AND
REPLACE WITH THE FOLLOWING:
"LATE PAYMENTS. In the event of non-payment by Client of sums over-due hereunder
for more than sixty (60) days, Frontier GlobalCenter may upon written notice to
client, request Client to remove equipment from Frontier GlobalCenter's premises
within ten (10) business days. If Client fails to either (i) pay any undisputed
charge and to pay into escrow any disputed charge or (ii) so remove, Frontier
GlobalCenter may, at Frontier Global Center's discretion, deliver the equipment
to Client at the latter's address for notices at Client's expense for shipment
and insurance, and Client shall be obligated to accept such delivery."

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REMOVE PARAGRAPH 8.3 OF THE MSA ENTITLED "PRICE INCREASES" IN ITS ENTIRETY AND
REPLACE WITH THE FOLLOWING:

"PRICE INCREASES. Frontier GlobalCenter shall not increase the prices for
services during the initial term of any Service Order, as defined therein. After
the initial term of the Service Order, Client shall be given the opportunity to
either sign another Service Order for ongoing Services for a fixed price to be
negotiated or may continue its existing Service Order on a month to month basis.
If, after the initial Service Order term, the Client chooses to continue its
existing Service Order on a month to month basis, Frontier GlobalCenter reserves
the right to increase its price for Services if: (i) it provides Client with
sixty (60) days written notice of such increase; and (ii) such increase is due
to and deemed commercially reasonable in light of unforeseeable increases in
Frontier GlobalCenter's cost of providing the Services to Client including, but
not limited to, changes to Federal, State, or Local Government tariffs, a
significant increase in inflation, or changes in the Internet regulatory and
infrastructure environment, provided, however, that Frontier GlobalCenter shall
limit cumulative annual price increases to 5%."

DELETE PARAGRAPH 9.2 OF THE MSA ENTITLED "CLIENT DUTIES" AND REPLACE IT WITH THE
FOLLOWING:
"CLIENT DUTIES. Client shall make every reasonable effort to document and
promptly report all errors or malfunctions of the Hardware or Software to
Frontier GlobalCenter. Client shall take all steps necessary to carry out
procedures for the rectification of errors or malfunctions within a reasonable
time after such procedures have been received from Frontier GlobalCenter."

REMOVE PARAGRAPH 10.2 OF THE MSA ENTITLED "TERMINATION UPON DEFAULT" IN ITS
ENTIRETY AND REPLACE WITH THE FOLLOWING:
"TERMINATION UPON DEFAULT. Either party may terminate this Agreement in the
event that the other party materially defaults in performing any obligation
under this Agreement and such default continues unremedied for a period of
thirty (30) days following written notice of default specifying the default in
reasonable detail. In the event this Agreement is terminated due to Frontier
GlobalCenter's breach, Frontier GlobalCenter shall refund to Client any Services
fees on a straight line prorated basis. If any such default other than payment
of money cannot be remedied in thirty (30) days, then the defaulting party shall
have a reasonable time to remedy if it commences and diligently pursues a
remedy."

REMOVE PARAGRAPH 10.4 OF THE MSA ENTITLED "EFFECT OF TERMINATION" IN ITS
ENTIRETY AND REPLACE WITH THE FOLLOWING:
"EFFECT OF TERMINATION. The provisions of Sections 1, 2.3, 3.2, 3.3, 7, 10.4,
11, 12, 13, and 14 shall survive termination of this Agreement. Client's
material assets located in the Space shall remain the property of the Client.
Client shall under no circumstances be denied reasonable access to the Facility
for the purposes of removing Client's material assets. All other rights and
obligations of the parties shall cease upon termination of this Agreement. The
term of any license granted hereunder shall expire upon expiration or
termination of this Agreement."

REMOVE PARAGRAPH 12. OF THE MSA ENTITLED "LIMITATION OF LIABILITY" IN ITS
ENTIRETY AND REPLACE WITH THE FOLLOWING:

"LIMITATION OF LIABILITY. FRONTIER GLOBALCENTER'S LIABILITY FOR ALL CLAIMS
ARISING OUT OF THIS AGREEMENT SHALL BE LIMITED TO THE AMOUNT OF FEES PAID BY
CLIENT TO FRONTIER GLOBALCENTER UNDER THIS AGREEMENT AND THE REPLACEMENT OR
REPAIR COST FOR ANY OR ALL OF CLIENT'S MATERIAL ASSETS LOCATED IN THE SPACE, IN
THE EVENT OF LOSS, DAMAGE, OR THEFT TO CLIENTS' MATERIAL ASSETS CAUSED BY
FRONTIER GLOBAL CENTER'S PERSONNEL, AGENTS, SUPPLIERS, CONTRACTORS OR VISITORS.
IN NO EVENT SHALL FRONTIER GLOBALCENTER BE LIABLE FOR ANY LOSS OF DATA, LOSS OF
PROFITS, COSTS OF COVER OR OTHER SPECIAL, INCIDENTAL,

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CONSEQUENTIAL OR INDIRECT DAMAGES ARISING FROM OR IN RELATION TO THIS AGREEMENT
OR THE USE OF THE SERVICES, HOWEVER CAUSED AND REGARDLESS OF THEORY OF
LIABILITY. THIS LIMITATION WILL APPLY EVEN IF FRONTIER GLOBALCENTER HAS BEEN
ADVISED OR IS AWARE OF THE POSSIBILITY OF SUCH DAMAGES."

APPEND THE FOLLOWING EXTRACT TO PARAGRAPH 13. OF THE MSA ENTITLED "DISCLAIMER OF
WARRANTIES":
"EXCEPT AS EXPRESSLY SET FORTH HEREIN."

REMOVE PARAGRAPH 14.2 OF THE MSA ENTITLED "NOTICES" IN ITS ENTIRETY AND REPLACE
WITH THE FOLLOWING: "NOTICES. Any notice required or permitted hereunder shall
be in writing and shall be given by registered or certified mail addressed to
the addresses first written above. Such notice shall be deemed to be given upon
the earlier of actual receipt or non-acceptance of the notice, properly
addressed and with postage prepaid. Either party may change its address for
notice by means of notice to the other party given in accordance with this
Section."

REMOVE PARAGRAPH 14.4 OF THE MSA ENTITLED "GOVERNING LAW" IN ITS ENTIRETY AND
REPLACE WITH THE FOLLOWING: "GOVERNING LAW. Before either party may commence
litigation, all disputes relating to this agreement shall be submitted for
non-binding arbitration in New York City before the American Arbitration
Association in accordance with the rules of the AAA. In the event of litigation
between Frontier GlobalCenter and Client, this Agreement shall be interpreted
according to the laws of the State of California without regard to or
application of choice-of-law rules or principles. In the event of litigation the
parties hereby agree to the exclusive jurisdiction of the state and federal
courts located in New York, NY.

REMOVE PARAGRAPH 14.7 OF THE MSA ENTITLED "NON-SOLICITATION" IN ITS ENTIRETY AND
REPLACE WITH THE FOLLOWING: "NON-SOLICITATION. During the term of this agreement
and for a period of one (1) year thereafter, Client shall not solicit, nor
attempt to solicit, the services of any employee or subcontractor of Frontier
GlobalCenter without the prior written consent of Frontier GlobalCenter.
Frontier GlobalCenter also agrees that during the term of this agreement and for
a period of one (1) year thereafter, Frontier GlobalCenter shall not solicit,
nor attempt to solicit, the services of any employee or subcontractor of Client
without prior written consent."

FRONTIER GLOBALCENTER                                CLIENT

BY:      /s/ DOUG GALLACHER                          BY:      /s/ JOHN KATZMAN

TITLE:   VP SALES                                    TITLE:   PRESIDENT

DATE:    6/18/99                                     DATE:    6/16/99

                                                                               7<PAGE>   1
                                                                   Exhibit 10.10

                           SOFTWARE PURCHASE AGREEMENT

         This Software Purchase Agreement (this "AGREEMENT") is made and entered
into as of June 23, 1998, by and between Learning Company Properties, Inc. (the
"BUYER") and Princeton Review Publishing, L.L.C. (the "SELLER").

                              Preliminary Statement

         The Buyer desires to purchase, and the Seller desires to sell, certain
of the assets of the Seller, for the consideration set forth below, subject to
the terms and conditions of this Agreement.

         NOW, THEREFORE, in consideration of the mutual promises hereinafter set
forth and other good and valuable consideration, the receipt of which is hereby
acknowledged, the parties hereby agree as follows:

1.       Sale and Delivery of the Assets.

         1.1      Assets to be Purchased.

         (a) Subject to and upon the terms and conditions of this Agreement, at
the closing of the transactions contemplated by this Agreement (the "CLOSING"),
the Seller shall sell, transfer, convey, assign, and deliver, and the Buyer
shall purchase from the Seller, the following properties, assets and other
claims, rights and interests of the Seller used in or related to the business of
Seller's Interactive Software Division (the "DIVISION") that may include:

                  (i) all machine-readable object code and human-readable source
code, whether in printed form or on magnetic media and whether in English or in
any other language, relating to the one or more software programs listed on
Schedule 1.1(a)(i) (including the Windows, Macintosh and all other versions
thereof), and all related documentation, diagrams, flow charts, schematics and
notes relating to such object code and source code (collectively, the "SOFTWARE
PROGRAMS");

                  (ii) all books and records of accounts, correspondence,
production records, technical, accounting, manufacturing and procedural manuals,
customer lists, customer registration files and databases, all studies, reports
or summaries, sell sheets, demos, golden masters, film and artwork for
packaging, translation kits, and localized versions relating to the Software
Programs, and any confidential information which has been reduced to writing
relating to the Software Programs;

                  (iii) all of the Seller's right, title and interest in and to,
including the right to enforce, the intellectual property rights in any United
States and foreign patents, patent applications, and any derivation thereof;
copyrights and copyright registrations for the Software
<PAGE>   2
Programs (collectively, the "INTANGIBLE PROPERTY");

                  (iv) all executory contracts and agreement listed on Schedule
1.1.(a)(iv) attached hereto (including, without, limitation, employment
agreements and arrangements for those employees listed on Schedule 1.1(a)(iv)
(the "ASSUMED AGREEMENTS");

                  (v) the equipment identified on Schedule 1.1 (a)(v) attached
hereto (the "EQUIPMENT").

         (b) The Software Programs, Intangible Property and other properties,
assets and business of the Division described in paragraph (a) above shall be
referred to collectively as the "ASSETS."

         1.2      Liabilities.

         (a) On the terms and subject to the conditions set forth herein, Buyer
shall assume and satisfy, pay or perform when due in accordance with the terms
thereof, the following obligations and liabilities (collectively, the
"LIABILITIES"):

                  (i) all employee obligations relating to the Employees listed
on Schedule 1.1(a)(iv) arising on or after the Closing Date (other than any
severance obligations arising as a result of this Agreement which shall be the
responsibility of Seller).

         (b) Except as set forth in Sections 1.1(a)(iv) and 1.2(a) above, the
Buyer shall assume no liabilities, obligations or agreements of the Seller
whatsoever and the Seller shall remain responsible for, and shall indemnify the
Buyer against, all such liabilities, obligations and agreements, as set forth in
Section 5 hereof.

         1.3      Excluded Assets. Notwithstanding anything in Section 1.1 to
the contrary, the Assets shall not include the assets identified on Schedule 1.3
attached hereto (the "EXCLUDED ASSETS").

         1.4      Further Assurances. At any time and from time to time after
the Closing, at the Buyer's request and without further consideration, the
Seller promptly shall execute and deliver such instruments of sale, transfer,
conveyance, assignment and confirmation, and take such other action; as the
Buyer may reasonably request to more effectively transfer, convey and assign to
the Buyer, and to confirm the Buyer's title to, all of the Assets, to put the
Buyer in actual possession and operating control thereof, to assist the Buyer in
exercising all rights with respect thereto and to carry out the purpose and
intent of this Agreement.

         1.5      Purchase Price.

         (a) The purchase price for the Assets and the initial license fee under
the License Agreement between the parties of even date herewith (the "LICENSE
AGREEMENT") shall be equal to the sum of (i) Five Million One Hundred Thousand
Dollars ($5,100,000) in cash. The

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Purchase Price shall be payable by check or wire transfer at the Closing.

         (b) The Purchase Price shall be allocated among the Assets and the
License Agreement as set forth in Schedule 1.5(b) attached hereto. Such
allocation shall be binding on the parties and the parties shall file their
respective tax returns in accordance with such allocation and shall not take any
position or action inconsistent with such allocation.

         1.6      The Closing. The Closing shall take place at the offices of
Buyer on June 22, 1998 or at such other place, time or date (in person or by
fax) as may be mutually agreed upon by the parties hereto. The transfer of the
Assets by the Seller to the Buyer shall be deemed to occur at 1:30 p.m., Boston
time, on the date of the Closing (the "CLOSING DATE"). Neither Buyer nor Seller
shall make an initial public announcement of said asset transfer or the License
Agreement until the other party approves in writing the timing and text of such
announcement.

2.       Representations and Warranties of the Seller.

         The Seller represents and warrants to the Buyer as follows:

         2.1      Organization. The Seller is a limited liability company duly
organized, validly existing and in good standing under the laws of the state of
its organization, and has all requisite power and authority (company and other)
to own its properties, to carry on its business as now being conducted, to
execute and deliver this Agreement and the agreements contemplated herein, and
to consummate the transactions contemplated hereby.

         2.2      Authorization.

         (a) The execution and delivery of this Agreement by the Seller, and the
agreements provided for herein, and the consummation by the Seller of all
transactions contemplated hereby, have been duly authorized by all requisite
company and member action. This Agreement and all such other agreements and
obligations entered into and undertaken in connection with the transactions
contemplated hereby to which the Seller is a party constitute the valid and
legally binding obligations of the Seller, enforceable against the Seller in
accordance with their respective terms. The execution, delivery and performance
by the Seller of this Agreement and the agreements provided for herein, and the
consummation by the Seller of the transactions contemplated hereby and thereby,
will not, with or without the giving of notice or the passage of time or both,
(a) violate the provisions of any law, rule or regulation applicable to the
Seller; (b) violate the provisions of the Certificate of Formation or By-laws of
the Seller; (c) violate any judgment, decree, order or award of any court,
governmental body or arbitrator; or (d) conflict with or result in the breach or
termination of any term or provision of, or constitute a default under, or cause
any acceleration under, or cause the creation of any lien, charge or encumbrance
upon the properties or assets of the Seller pursuant to, any indenture,
mortgage, deed of trust or other instrument or agreement to which the Seller is
a party or by which the Seller or any of its properties is or may be bound
except that Seller may obtain some consents of contributors after the date
hereof as set forth herein.

                                       3
<PAGE>   4
         (b) Schedule 2.2 attached hereto sets forth a true, correct and
complete list of (i) all contracts which relate to the Software Programs in
excess of $2,500, (ii) all consents and approvals of third parties that are
required in connection with the consummation by the Seller of the transactions
contemplated by this Agreement (it being understood that Buyer shall not assume
any liabilities from and after the Closing under any agreements to which Seller
is a party other than those agreements listed on Schedule 1.1(a)(iv)). Seller
shall provide a summary of all royalties, advances against royalties and other
fees or amounts owed to third parties relating to the Software Programs within
thirty (30) days of the Closing Date.

         2.3      Ownership of the Assets. Schedule 2.3 attached hereto sets
forth a true, correct and complete list of all claims, liabilities, liens,
pledges, charges, encumbrances and equities of any kind affecting the Assets
(collectively, the "ENCUMBRANCES"). The Seller is, and at the Closing will be,
the true and lawful owner of the Assets, and will have the right to sell and
transfer to the Buyer good, clear, record and marketable title to the Assets,
free and clear of all Encumbrances of any kind. The delivery to the Buyer of the
instruments of transfer of ownership contemplated by this Agreement will vest
good and marketable title to the Assets in the Buyer, free and clear of all
liens, mortgages, pledges, security interests, restrictions, prior assignments,
encumbrances and claims of any kind or nature whatsoever other than any
disclosed Encumbrances.

         2.4      Litigation and Claim. Except as disclosed on Schedule 2.4
attached hereto, the Seller is not a party to, or to the Seller's best knowledge
threatened with, and none of the Assets are subject to, any litigation, suit,
action, investigation, proceeding or controversy before any court,
administrative agency or other governmental authority relating to or affecting
the Assets. The Seller is not in violation of or in default with respect to any
judgment, order, writ, injunction, decree or rule of any court, administrative
agency or governmental authority or any regulation of any administrative agency
or governmental authority relating to the Assets.

         2.5      Intangible Property.

         (a) Schedule 2.5 attached hereto sets forth a true, correct and
complete list and, where appropriate, a description of, all pending or
registered copyrights in the Software Programs.

         (b) Except for material licensed to Seller under the Assumed Agreements
and the Excluded Assets, and other matters expressly disclosed herein and in the
schedules hereto, the Seller is the sole and exclusive owner of the Software
Programs and the Intangible Property and all designs, permits, labels and
packages used on or in connection therewith, and no third party has, or has
asserted, any rights to the Software Programs or the Intangible Property. The
Intangible Property owned by the Seller with the Excluded Assets is sufficient
to conduct the Seller's business as it relates to the Assets as presently
conducted. The Software Programs and the Intangible Property do not infringe on
any patent, copyright or other proprietary right of any third party. The Seller
has no disputes with or claims against any third party for infringement by such
third party of any Intangible Property of the Seller included in the Assets. The
Seller has taken all steps reasonably necessary to protect its right, title and
interest in and to the Intangible Property, except that the Seller has not filed
registrations for all copyrightable material.

                                       4
<PAGE>   5
         2.6      Regulatory Approvals. All consents, approvals, authorizations
and other requirements prescribed by any law, rule or regulation which must be
obtained or satisfied by the Seller and which are necessary for the execution
and delivery by the Seller of this Agreement and the documents to be executed
and delivered by the Seller in connection herewith have been obtained and
satisfied.

         2.7      Disclosure. No representation or warranty by the Seller in
this Agreement or in any Exhibit hereto, or in any list, statement, document or
information set forth in or attached to any Schedule delivered or to be
delivered pursuant to this Agreement, contains or will contain any untrue
statement of a material fact known by Seller on the Closing Date or omits or
will omit any material fact known by Seller on the Closing Date necessary in
order to make the statements contained therein not misleading.

3.       Representations and Warranties of the Buyer.

         The Buyer represents and warrants to the Seller as follows:

         3.1      Organization. The Buyer is a corporation duly organized,
validly existing and in good standing under the laws of the state of its
corporation, and has the requisite power and authority (corporate and other) to
own its properties and to carry on its business as now being conducted.

         3.2      Authorization. The Buyer has full corporate power and
authority to execute and deliver this Agreement and to consummate the
transactions contemplated hereby and thereby. The execution and delivery of this
Agreement by the Buyer, and the agreements provided for herein, and the
consummation by the Buyer of all transactions contemplated hereby, have been
duly authorized by all requisite corporate action. This Agreement and all such
other agreements and written obligations entered into and undertaken in
connection with the transactions contemplated hereby constitute the valid and
legally binding obligations of the Buyer, enforceable against the Buyer in
accordance with their respective terms. The execution, delivery and performance
of this Agreement and the agreements provided for herein, and the consummation
by the Buyer of the transactions contemplated hereby and thereby, will not, with
or without the giving of notice or the passage of time or both, (a) violate the
provisions of any law, rule or regulation applicable to such party; (b) violate
the provisions of the Certificate of Incorporation or By-laws of Buyer, (c)
violate any judgment, decree, order or award of any court, governmental body or
arbitrator, or (d) conflict with or result in the breach or termination of any
term or provision of, or constitute a default under, or cause any acceleration
under, or cause the creation of any lien, charge or encumbrance upon the
properties or assets of the Buyer pursuant to, any indenture, mortgage, deed of
trust or other agreement or instrument to which it or its properties is a party
or by which the Buyer is or may be bound.

         3.3      Regulatory Approvals. All consents, approvals, authorizations
and other requirements prescribed by any law, rule or regulation which must be
obtained or satisfied by the Buyer and TLC and which are necessary for the
consummation of the transactions contemplated

                                       5
<PAGE>   6
by this Agreement have been obtained and satisfied.

4.       Deliveries at the Closing.

         4.1      Closing Deliveries.

         (a) The Buyer shall receive at the Closing each of the following
documents:

                  (i) the consents and approvals to the assignments of the
Assumed Agreements identified on Schedule 2.2(ii), in form satisfactory to the
Buyer;

                  (ii) a License Agreement by and between Buyer and Seller
relating to the license of certain content and trademarks contained in or used
in connection with the Software Programs;

                  (iii) a bill of sale to the Assets;

                  (iv) all technical data, product literature and other
documentation relating to the Seller's business as it relates to the Assets, all
in form and substance satisfactory to the Buyer;

                  (v) such contracts, files and other data and documents
pertaining to the Assets as the Buyer may reasonably request; and

                  (vi) a certificate of the Secretary of the Seller attesting to
the incumbency of the Seller's officers, respectively, and the authenticity of
the resolutions authorizing the transactions contemplated by the Agreement.

         (b) The Seller shall receive at the Closing such documents, instruments
or certificates as the Seller may reasonably request.

5.       Indemnification.

         5.1      Seller's Indemnification. The Seller hereby indemnifies and
holds harmless the Buyer against all claims, damages, losses, liabilities, costs
and expenses (including, without limitation, settlement costs and any legal,
accounting or other expenses for investigating or defending any actions or
threatened actions) reasonably incurred (the "DAMAGES") by the Buyer in
connection with each and all of the following:

         (a) Any breach by the Seller of any representation or warranty in this
Agreement;

         (b) Any breach of any covenant, agreement or obligation of the Seller
contained in this Agreement or any other agreement, instrument or document
contemplated by this Agreement;

         (c) Any liabilities or obligations of the Seller pertaining to the
Assets that arise from

                                       6
<PAGE>   7
or relate to events that occurred on or before the Closing Date and are not
disclosed herein;

         (d) Any intellectual property or other proprietary claim relating to
Software Programs manufactured or sold by the Seller on or before the Closing
Date other than a claim for which Mindscape, Inc. would be responsible under the
Exclusive Product Distribution and Publishing Agreement between Mindscape, Inc.
and TPRP; and

         (e) Any tax liabilities or obligations of the Seller.

         5.2      Buyer's Indemnification. The Buyer hereby indemnifies and
holds harmless the Seller against all Damages incurred by the Seller in
connection with each and all of the following:

         (a) Any breach by the Buyer or its affiliate Mindscape, Inc.
("MINDSCAPE") of any representation or warranty in this Agreement; and

         (b) Any breach of any covenant, agreement or obligation of the Buyer
and/or Mindscape contained in this Agreement or any other agreement, instrument
or document contemplated by this Agreement.

         5.3      Claims for Indemnification. Whenever any claim shall arise for
indemnification hereunder the Buyer (the "INDEMNIFIED PARTY"), shall promptly
notify the Seller (the "INDEMNIFYING PARTY") of the claim and, when known, the
facts constituting the basis for such claim. In the event of any such claim for
indemnification hereunder resulting from or in connection with any claim or
legal proceedings by a third-party, the notice to the Indemnifying Party shall
specify, if known, the amount or an estimate of the amount of the liability
arising therefrom. The Indemnified Party shall not settle or compromise any
claim by a third party for which it is entitled to indemnification hereunder
without the prior written consent of the Indemnifying Party, which shall not be
unreasonably withheld, unless suit shall have been instituted against it and the
Indemnifying Party shall not have taken control of such suit after notification
thereof as provided in Section 5.4 of this Agreement.

         5.4      Defense by Indemnifying Party. In connection with any claim
giving rise to indemnity hereunder resulting from or arising out of any claim or
legal proceeding by a person who is not a party to this Agreement, the
Indemnifying Party at its sole cost and expense may, upon written notice to the
Indemnified Party; assume and control the defense of any such claim or legal
proceeding if it acknowledges to the Indemnified Party in writing its
obligations to indemnify the Indemnified Party with respect to all elements of
such claim. The Indemnified Party shall be entitled to participate in (but not
control) the defense of any such action, with its counsel and at its own
expense. If the Indemnifying Party does not assume the defense of any such claim
or litigation resulting therefrom within 30 days after the date such claim is
made, (a) the Indemnified Party may defend against such claim or litigation, in
such manner as it may deem appropriate, including, but not limited to, settling
such claim or litigation, after giving notice of the same to the Indemnifying
Party, on such terms as the Indemnified Party may deem appropriate, and (b) the
Indemnifying Party shall be entitled to participate in (but not control) the

                                       7
<PAGE>   8
defense of such action, with its counsel and at its own expense. If the
Indemnifying Party thereafter seeks to question the manner in which the
Indemnified Party defended such third party claim or the amount or nature of any
such settlement, the Indemnifying Party shall have the burden to prove by a
preponderance of the evidence that the Indemnified Party did not defend or
settle such third party claim in a reasonably prudent manner.

         5.5      Payment of Indemnification Obligation. The Seller hereby
agrees that any claim for indemnification by the Buyer under this Section 5 or
under any other provision of this Agreement may, at the Buyer's option, be set
off against any of the Buyer's obligations to make payments to the Seller under
this Agreement, if any.

         5.6      Survival of Representations; Claims for Indemnification. All
representations and warranties made by the parties herein or in any instrument
or document furnished in connection herewith shall survive the Closing and any
investigation at any time made by or on behalf of the parties hereto. All such
representations and warranties shall expire on the second anniversary of the
Closing Date, except for claims, if any, asserted in writing prior to such
second anniversary, which shall survive until finally resolved and satisfied in
full. All claims and actions for indemnity pursuant to this Section 5 shall be
asserted or maintained in writing by a party hereto on or prior to the
expiration of such two year period.

         5.7      Threshold. Neither party shall be required to make any
indemnification payment pursuant to this Section 5 until such time as the total
amount of all indemnifiable Damages that have been directly suffered or incurred
by such party exceeds US $25,000 (the "BASKET AMOUNT"), and after a party
seeking indemnification hereunder has incurred the Basket Amount of
indemnifiable Damages, such party may recover indemnifiable Damages in excess of
the Basket Amount.

6.       Post-Closing Agreements.

         6.1      Proprietary Information.

         (a) From and after the Closing Date, the Seller shall hold in
confidence, and use its best efforts to have all of its officers, directors and
personnel hold in confidence, all knowledge and information of a secret or
confidential nature with respect to the business of the Seller as it relates to
the Assets and shall not disclose, publish or make use of the same without the
consent of the Buyer, except to the extent that such information shall have
become public knowledge other than by breach of this Agreement by the Seller.

         (b) The Seller agrees that the remedy at law for any breach of this
Section 6.1 would be inadequate and that the Buyer shall be entitled to
injunctive relief in addition to any other remedy it may have upon breach of any
provision of this Section 6.1.

         6.2      Sharing of Data and Software and Intangible Property.

         (a) The Buyer shall have the right for a period of two (2) years
following the Closing

                                       8
<PAGE>   9
Date to have reasonable access to those books, records and accounts, including
financial and tax information, correspondence, production records, employment
records and other records which are retained by the Seller pursuant to the terms
of this Agreement to the extent that any of the foregoing relates to the Assets
of the Seller transferred to the Buyer hereunder or is otherwise needed by the
Buyer in order to comply with its obligations under applicable securities, tax,
employment or other laws and regulations.

         (b) The Seller and the Buyer agree that from and after the Closing Date
they shall cooperate fully with each other to facilitate the transfer of the
Assets from the Seller to the Buyer and the operation thereof by the Buyer.

         (c) This section 6.2 shall not in any way (i) limit Seller's
responsibility to deliver electronic and hard copies of, and back-up
documentation for, all source code included in the Assets, as well as the Tester
and Apply Source Code (hereinafter defined), or (ii) restrict in any way
Seller's rights to use the Assets. The Seller hereby licenses to the Buyer, for
use only with the Content under the License Agreement and in accordance with the
terms of the License Agreement, the Source Code for the Seller's Tester and
Apply products (the "TESTER AND APPLY SOURCE CODE") to the extent that such
source code is also used in the Assets.

         6.3 List and Delivery of the Assumed Agreements. Within five (5) days
of the Closing Date, Seller shall deliver to Buyer a complete list, which to the
best of Seller's knowledge after due inquiry, shall contain all of the Assumed
Agreements. If after such date, Buyer or Seller discovers one or more additional
agreements which should have been included on such list, Seller shall provide
Buyer with an updated list and a copy of such agreements.

7.       Transfer and Sales Tax.

         Notwithstanding any provisions of law imposing the burden of such taxes
on the Seller or the Buyer, as the case may be, the Seller shall be responsible
for and shall pay (a) all sales, use and transfer taxes, and (b) all
governmental charges, if any, upon the sale or transfer of any of the Assets
hereunder.

8.       Brokers.

         8.1      For the Seller. The Seller represents and warrants that it has
not engaged any broker or finder or incurred any liability for brokerage fees,
commissions or finder's fees in connection with the transactions contemplated by
this Agreement. The Seller agrees to indemnify and hold harmless the Buyer
against any claims or liabilities asserted against it by any person acting or
claiming to act as a broker or finder on behalf of the Seller.

         8.2      For the Buyer. The Buyer agrees to pay all fees, expenses and
compensation owed to any person, firm or corporation who has acted in the
capacity of broker or finder on its behalf in connection with the transactions
contemplated by this Agreement. The Buyer agrees to indemnify and hold harmless
the Seller against any claims or liabilities asserted against it by any person
acting or claiming to act as a broker or finder on behalf of the Buyer.

                                       9
<PAGE>   10
9.       Termination of Mindscape Agreement. Buyer, Seller and Mindscape, agree
that, effective as of the Closing Date, that certain Exclusive Product and
Publishing Agreement by and between Seller and Mindscape dated December 15,1997
(the "MINDSCAPE AGREEMENT") is terminated. Notwithstanding such termination, the
following obligations set forth in the Mindscape Agreement shall survive: (i)
the confidentiality provisions; (ii) the representations, warranties, and
covenants and indemnification provisions; and (iii) Mindscape's obligations to
pay Seller royalties through the Closing Date.

10.      Miscellaneous.

         10.1     Notices

         Any notices or other communications required or permitted hereunder
shall be sufficiently given if delivered personally or sent by telex, federal
express, registered or certified mail, postage prepaid, addressed as follows or
to such other address of which the parties may have given notice:

If to Seller:                                  If to Buyer:
                                               Attention: R. Scott Murray
Attention: Mark Chernis                        Executive Vice President and
Chief Operating Officer                          Chief Financial Officer
The Princeton Review                           Learning Company Properties Inc.
Publishing, L.L.C.                             c/o The Learning Company, Inc.
2315 Broadway                                  One Athenaeum Street
New York, NY 10024                             Cambridge, MA 02142
Telephone: (212) 874-8282                      Telephone (617) 494-1200

Facsimile:  (212) 721-6079                     Facsimile: (617) 494-1219

Copy of Notices to:                            Copy of Notices to:

Akabas & Cohen                                  Legal Department
488 Madison Ave., 11th Floor                    c/o The Learning Company, Inc.
Attn: Seth A. Akabas, Esq.                      One Athenaeum Street
New York, New York 10022                        Cambridge, MA 02142
Fax: (212) 308-8582                             Fax: (617) 494-5660

         Unless otherwise specified herein, such notices or other communications
shall be deemed received (a) on the date delivered, if delivered personally; or
(b) three business days after being sent, if sent by registered or certified
mail.

         10.2     Successors and Assigns.

         This Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns, except that the
Buyer and the Seller may not assign their

                                       10
<PAGE>   11
respective obligations hereunder without the prior written consent of the other
party; provided, however, that the Buyer or Seller may assign this Agreement,
and its rights and obligations hereunder, to a subsidiary or affiliate, or upon
the merger of the party or the sale of all or substantially all of its business,
all without the consent of the other party, upon providing notice to such other
party. Any assignment in contravention of this provision shall be void.

         10.3     Entire Agreement: Amendment: Attachments.

         (a) This Agreement, all Schedules and Exhibits hereto, and all
agreements and instruments to be delivered by the parties pursuant hereto
represent the entire understanding and agreement between the parties hereto with
respect to the subject matter hereof and supersede all prior oral and written
and all contemporaneous oral negotiations, commitments and understandings
between such parties. The Buyer and the Seller, by the consent of their
respective Boards of Directors, or officers authorized by such Boards, may amend
or modify this Agreement, in such manner as may be agreed upon, by a written
instrument executed by the Buyer and the Seller.

         (b) If the provisions of any Schedule or Exhibit to this Agreement are
inconsistent with the provisions of this Agreement, the provision of the
Agreement shall prevail. The Exhibits and Schedules attached hereto or to be
attached hereafter are hereby incorporated as integral parts of this Agreement.

         10.4     Expenses.

         Except as otherwise expressly provided herein, the Buyer and the Seller
shall each pay their own expenses in connection with this Agreement and the
transactions contemplated hereby.

         10.5     Governing Law.

         This Agreement shall be governed by and construed in accordance with
the laws of the Commonwealth of Massachusetts.

         10.6     Section Headings.

         The section headings are for the convenience of the parties and in no
way alter, modify, amend, limit, or restrict the contractual obligations of the
patties.

         10.7     Severability.

         The invalidity or unenforceability of any provision of this Agreement
shall not affect the validity or enforceability of any other provision of this
Agreement.

         10.8     Counterparts.

         This Agreement may be executed in one or more counterparts, each of
which shall be

                                       11
<PAGE>   12
deemed to be an original, but all of which shall be one and the same document.

                                       12
<PAGE>   13
         IN WITNESS WHEREOF the parties hereto have caused this Agreement to be
signed under seal as of the date first set forth above.

Learning Company Properties Inc.            Princeton Review Publishing, L.L.C.

By: /s/ R. Scott Murray                     By: /s/ Mark Chernis
   ---------------------------------           --------------------------------
    R. Scott Murray                         Name: Mark Chernis
    Executive Vice President and CFO        Title: Chief Operating Officer

                                       13
<PAGE>   14
                               Schedule 1.1(a)(i)
                                Software Programs

Currently shipping versions of:

(a) Inside the SAT & ACT '98
(b) Inside the SAT & ACT '98 Deluxe
(c) Inside the GRE
(d) Algebra Smart
(e) Science Smart
(f) Word Smart
(g) College Advisor '97
(h) Inside the GMAT
(i) Inside the LSAT
<PAGE>   15
                               Schedule 1.1(a)(iv)
                               Assumed Agreements

B115 Geoffrey Martz      Development of Inside the SAT (work for hire)
B115 Geoffrey Martz      Development of Inside the GRE (work for hire)
B115 Geoffrey Martz      Development of Algebra Smart (work for hire)

<TABLE>
<S>                                 <C>
C026  GT Interactive Software       Non-exclusive distribution of software

C065  Micro Central, Inc.           Non-exclusive distribution of software
                                    (unsigned, undated)

C072  Student Services, Inc.        Promotion of fastWEB on Princeton Review
                                    CD-Roms SS adapts college scholarship data
                                    for College Advisor Term runs until June 17,
                                    1999 on automatic renewal

C077  Point Group Corp.             Non-exclusive distribution of software No
                                    term specified

C083  Media Safari                  Non-exclusive distribution license: Inside
                                    the SAT, College Advisor
                                    Terminates: earlier of 2 years after release
                                    of Programs plus 180-day sell-off

C084  Hewlett Packard               Non-exclusive licensing and distribution of
                                    College Advisor

C093 Ingram Micro                   Non-exclusive distribution of software
                                    Automatically renewed until 11/25/98 (need
                                    to terminate prior to next automatic
                                    renewal)

C094  IBM                           Non-exclusive licensing and distribution of
                                    Inside the SAT and Algebra Smart
                                    Terminates 6/30/98, unless renewed

Business Week                       Joint marketing of GMAT products, including
                                    promotional screens on GMAT software

Random House, Inc.                  Book/Disk publishing agreements
</TABLE>

Employees

George Cigale
David Berger
Greg Silvano
Alex Mechnikov
<PAGE>   16
Ed Gardner
Chip Terry
Richard Gardella
Melissa Berger
Meredith Trauner
<PAGE>   17
                               Schedule 1.1(a)(v)
                                    Equipment

All equipment used exclusively by the employees whose employment terms are
assumed by TLC for at least 90 days.
<PAGE>   18
                                  Schedule 1.3
                                 Excluded Assets

1.       All assets of every kind of Seller's software division that are not
         specifically described as included in Assets under Section 1.1,
         including without limitation, as Excluded Assets; all versions of
         Sellers Apply and Tester software programs, and all data files and
         content apart from the software in all of Seller's software products.

2.       Source code contained in Seller's Apply software program.

3.       Source code contained is Seller's Tester software program.

4.       All trademarks, service marks and trade dress related to or used in
         connection with the Assets.
<PAGE>   19
                                 Schedule 1.5(b)
                          Allocation of Purchase Price

The Purchase Price for the Assets and an initial License Fee under the License
Agreement shall be allocated as set forth below. Any portion of the purchase
price allocated to the initial fee for the License Agreement under Section 1.5
shall not affect the rights and obligations under this Agreement or the License
Agreement, except as to accounting for the purchase price.

<TABLE>
<S>                                              <C>
All Software Programs and other Intangible
Property (including in process research and
development) of the Division:                    $ 4,500,000.00

Customer Lists:                                  $    50,000.00

Property Rights/Trade Secrets:                   $   200,000.00

Equipment:                                       $    50,000.00

Licenses:                                        $   300,000.00

                                                 $ 5,100,000.00
                                                 ==============
</TABLE>
<PAGE>   20
                                  Schedule 2.2
                             Agreements and Consents

(i)      All contracts which relate to the Software Programs (Section 2.2(b)(i):

<TABLE>
<S>      <C>                            <C>
B093     Michael Freedman               Development of Inside the LSAT (work for hire)

B094     Karen Lurie & Ken Riley        Development of Inside the GMAT (work for hire)

B115     Geoffrey Martz                 Development of Inside the SAT (work for hire)

B115     Geoffrey Martz                 Development of Inside the GRE (work for hire)

B115     Geoffrey Martz                 Development of Algebra Smart (work for hire)

C012     Interactive Factory            Word Smart

C014     Lyriq International            Development of software (the Broadway)

C023     Lyriq International            Creation and marketing of software products

C032     Lyriq International            Development of Software (the Madison - GRE prep)

C022     Scientia, Inc.                 Development of software (MCAT)

C030     Scientia, Inc.                 Distribution of MCAT review software

C026     GT Interactive Software        Non-exclusive distribution of software

C065     Micro Central, Inc.            Non-exclusive distribution of software (unsigned,
                                        undated)

C072     Student Services, Inc.         Promotion of fastWEB on Princeton Review CD-
</TABLE>
<PAGE>   21
<TABLE>
<S>      <C>                            <C>
                                        Roms; SS adapts college scholarship data for College
                                        Advisor, term runs until June 17, 1999 on automatic
                                        renewal

C077     Point Group Corp.              Non-exclusive distribution of software, No term
                                        specified

C083     Media Safari                   Non-exclusive distribution license.  Inside the
                                        SAT, College Advisor
                                        Terminates: earlier of 2 years after release of
                                        Programs plus 180-day sell-off

C084     Hewlett Packard                Non-exclusive licensing and distribution of College
                                        Advisor

C093     Ingram Micro                   Non-exclusive distribution of software Automatically
                                        renewed until 11/25/98 (need to terminate prior to
                                        next automatic renewal)

C094     IBM                            Non-exclusive licensing and distribution of Inside
                                        the SAT and Algebra Smart, terminates 6/20/98,
                                        unless renewed

         Business Week                  Joint marketing of GMAT products

         Random House, Inc.             Publishing Agreements for Book/Disk Products
</TABLE>

(ii)     All consents and approvals of third parties (Section 2.2(b)(ii)):

         Random House, Inc.

         Princeton Review Management, L.L.C.
<PAGE>   22
                                  Schedule 2.3
                                  Encumbrances

Agreements noted, to the extent breached, could result in claims on Assets.
<PAGE>   23
                                  Schedule 2.4
                              Litigation and Claims

TPRP has had an ongoing dispute and Lyriq International Corporation regarding
the correct amount of royalties accruing under various software development
agreements.

TPRP had a dispute with ZCI Publishing regarding an agreement that provided for
ZCI to perform work with a translation engine, which TPRP believes did not work.
An arbitration was commenced, and a verbal settlement was reached, however, the
settlement has not been consummated.

Notwithstanding any other provision in this Agreement, TPRP shall retain all
liability arising out of or relating to such claims.
<PAGE>   24
                                  Schedule 2.5
                               Intangible Property

1.       Registered Copyrights:

         NONE

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