Extension Letter Agreement to Collaboration Agreement between The Corporate Executive Board Company and The Advisory Board Company (February 5, 2014)
The Corporate Executive Board Company and The Advisory Board Company have agreed to extend the terms of their existing Collaboration Agreement, originally dated February 6, 2007, through February 5, 2017. This letter, signed by both parties' CEOs, confirms the extension of the Initial NP Term and Initial EC Term as outlined in the original agreement. The extension is effective as of the date of this letter and requires both parties' signatures to be valid.
Exhibit 10.18
February 5, 2014
Robert W. Musslewhite
Chief Executive Officer
2445 M Street NW
Washington DC 20037
Re: Collaboration Agreement, dated as of February 6, 2007, by and between The Corporate Executive Board Company and The Advisory Board Company (as previously amended, the “Collaboration Agreement”)
Dear Robert:
This letter confirms that The Corporate Executive Board Company (“CEB”) and The Advisory Board Company (“ABCO”) have agreed to extend the Initial NP Term and the Initial EC Term (as such terms are defined in the Collaboration Agreement) through February 5, 2017 as comtemplated by Sections 3.3(a) and 3.4(a) of the Collaboration Agreement, respectively, effective as of the date hereof.
Please indicate your agreement with the foregoing by signing and returning one copy of this letter to my attention, which shall constitute CEB’s and ABCO’s agreement with respect to the subject matter hereof.
| Very truly yours, |
| /s/ Tom Monahan |
| Tom Monahan |
| Chairman of the Board and Chief Executive Officer |
ACCEPTED AND AGREED:
THE ADVISORY BOARD COMPANY
| By: | /s/ Robert Musslewhite | |
| Robert W. Musslewhite | ||
| Chief Executive Officer |
