EXHIBIT 10.1

THIRD AMENDMENT

TO FIFTH AMENDED AND RESTATED REVOLVING LOAN AGREEMENT

This Third Amendment to Fifth Amended and Restated Revolving Loan Agreement
(this “Amendment”) is entered into as of May 15, 2013 by and among VIASAT, INC.,
a Delaware corporation (“Borrower”), each lender to the Credit Agreement (as
defined below) (collectively, the “Lenders” and individually, a “Lender”) that
is a party hereto and UNION BANK, N.A., as administrative agent (in such
capacity, “Administrative Agent”) and as collateral agent (in such capacity,
“Collateral Agent”).

RECITALS

Borrower, Administrative Agent, Collateral Agent and the Lenders are parties to
that certain Fifth Amended and Restated Revolving Loan Agreement dated as of
May 9, 2012 (as amended, modified, restated or supplemented from time to time,
the “Credit Agreement”). The parties desire to amend the Credit Agreement in
certain respects in accordance with the terms of this Amendment. Unless
otherwise defined herein, all capitalized terms in this Amendment shall be as
defined in the Credit Agreement.

NOW, THEREFORE, the parties hereto agree as follows:

1. Section 6.13 is restated to read as follows:

“6.13 Total Leverage Ratio. Permit the Total Leverage Ratio as of the last day
of any Fiscal Quarter, beginning with the Fiscal Quarter ending September 28,
2012, to be greater than the respective amount set forth opposite such Fiscal
Quarter below:

 

Fiscal Quarter Ending

  

Total Leverage
Ratio

    

September 28, 2012

  

3.75 to 1.00

  

December 28, 2012,

March 29, 2013,

June 28, 2013,

October 4, 2013 and

January 3, 2014

  

4.00 to 1.00

  

April 4, 2014

  

3.75 to 1.00

  

July 4, 2014 and each Fiscal Quarter

ending thereafter

  

3.50 to 1.00”

  

2. No course of dealing on the part of Lenders, the Administrative Agent, the
Collateral Agent or their officers, nor any failure or delay in the exercise of
any right by the Administrative Agent, the Collateral Agent or any Lender, shall
operate as a waiver thereof, and

 

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any single or partial exercise of any such right shall not preclude any later
exercise of any such right. Administrative Agent’s, Collateral Agent’s or any
Lenders’ failure at any time to require strict performance by Borrower of any
provision of any Loan Document shall not affect any right of any Lender,
Administrative Agent or Collateral Agent thereafter to demand strict compliance
and performance. Any suspension or waiver of a right must be in writing signed
by an officer of Administrative Agent, in accordance with the terms of the
Credit Agreement.

3. The Credit Agreement, as amended hereby, shall be and remain in full force
and effect in accordance with its respective terms and hereby is ratified and
confirmed in all respects. Except as expressly set forth herein, the execution,
delivery, and performance of this Amendment shall not operate as a waiver of, or
as an amendment of, any right, power, or remedy of Administrative Agent,
Collateral Agent or any Lender under the Credit Agreement, as in effect prior to
the date hereof.

4. The Borrower represents and warrants to the Lenders that (a) except for
representations and warranties which expressly speak as of a particular date or
are no longer true and correct as a result of a change which is permitted by the
Credit Agreement, the representations and warranties contained in the Credit
Agreement or in any other document or documents relating thereto are true and
correct in all material respects on and as of the date hereof as though made on
the date hereof, and all such representations and warranties shall survive the
execution and delivery of this Amendment and (b) no Default or Event of Default
has occurred and is continuing as of the date hereof.

5. As a condition to the effectiveness of this Amendment Administrative Agent
shall have received the following:

(a) this Amendment, duly executed by Borrower, Administrative Agent, Collateral
Agent and the Requisite Lenders;

(b) a guarantor consent and reaffirmation duly executed by each Subsidiary
Guarantor in the form of Exhibit A attached hereto; and

(c) (i) an amendment fee payable to the Administrative Agent, for the benefit of
those Lenders executing this Amendment on or prior to 5:00 p.m. New York City
time on Wednesday, May 15, 2013 (each, a “Consenting Lender”), in an aggregate
amount equal to 0.075% of the aggregate principal amount of Revolving
Commitments held by such Consenting Lenders as of such time (it being agreed
that such fee is deemed earned in full upon execution of this Amendment by
Requisite Lenders and shall not be refundable); and (ii) an amendment
arrangement fee payable to the Administrative Agent for the account of the
Administrative Agent as contemplated by that certain fee letter dated as of
April 25, 2013.

6. The governing law and venue provisions of Section 11.17 of the Credit
Agreement are incorporated herein by this reference mutatis mutandis. This
Amendment may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one instrument.
Delivery of an executed counterpart hereof by facsimile transmission shall be
effective as delivery of a manually executed counterpart. The Borrower agrees to
promptly pay all reasonable attorneys’ fees and costs incurred by the

 

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Administrative Agent’s and Collateral Agent’s counsel in connection with this
Amendment, which may be debited from any of Borrower’s accounts (following
Borrower’s authorization of such fees and costs). Except as amended hereby, all
of the provisions of the Credit Agreement and the other Loan Documents shall
remain unmodified and in full force and effect except that each reference to the
“Agreement”, or words of like import in any Loan Document, shall mean and be a
reference to the Credit Agreement as amended hereby. This Amendment shall be
deemed a “Loan Document” as defined in the Credit Agreement. Each party shall
execute and deliver such further documents, and perform such further acts, as
may be reasonably necessary to achieve the intent of the parties as expressed in
this Amendment.

[Balance of Page Intentionally Left Blank]

 

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the first
date above written.

 

VIASAT, INC. By:  

/s/ Keven Lippert

Name:   Keven Lippert Title:   Vice President, General Counsel and Secretary

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UNION BANK, N.A.,

as Administrative Agent

By:  

/s/ Mark Adelman

  Mark Adelman   Senior Vice President

UNION BANK, N.A.,

as Collateral Agent

By:  

/s/ Mark Adelman

  Mark Adelman   Senior Vice President

UNION BANK, N.A.,

as a Lender and Swing Line Lender

By:  

/s/ Mark Adelman

  Mark Adelman   Senior Vice President

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COMPASS BANK as a Lender By:  

/s/ Erik Velastegui

Name:   Erik Velastegui Title:   Senior Vice President

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BANK OF THE WEST as a Lender By:  

/s/ Jason Antrim

Name:   Jason Antrim Title:   Vice President

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MORGAN STANLEY BANK, N.A. as a Lender By:  

/s/ Chris Whelan

Name:   Chris Whelan Title:   Authorized Signatory

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CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH as a Lender By:  

/s/ John D. Toronto

Name:   John D. Toronto Title:   Authorized Signatory By:  

/s/ Christopher Day

Name:   Christopher Day Title:   Authorized Signatory

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JPMORGAN CHASE BANK, N.A. as a Lender By:  

/s/ Ling Li

Name:   Ling Li Title:   Vice President

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CALIFORNIA BANK & TRUST as a Lender By:  

/s/ Steve DeLong

Name:   Steve DeLong Title:   SVP/Manager

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BANK OF AMERICA, N.A. as a Lender By:  

/s/ Angel Sutoyo

Name:   Angel Sutoyo Title:   Senior Vice President

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COMERICA BANK, as a Lender By:  

/s/ Mark C. Skrzynski

Name:   Mark C. Skrzynski Title:   Vice President

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WELLS FARGO, N.A., as a Lender By:  

/s/ Kimberly Striegl

Name:   Kimberly Striegl Title:   Senior Vice President

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EXHIBIT A

GUARANTOR CONSENT AND REAFFIRMATION

The undersigned (the “Guarantor”), for good and valuable consideration, made,
executed and delivered to Union Bank, N.A., as Administrative Agent and
Collateral Agent (in such capacity, the “Agent”) (i) that certain Amended and
Restated Subsidiary Guaranty dated as of May 9, 2012, (ii) that certain Amended
and Restated Subsidiary Pledge Agreement dated as of May 9, 2012 and (iii) that
certain Amended and Restated Subsidiary Security Agreement dated as of May 9,
2012 (each of the foregoing, together with any documents, instruments or other
agreements executed by any Guarantor in connection therewith, the “Guarantor
Documents”), in each case in connection with the Fifth Amended and Restated
Revolving Loan Agreement dated as of May 9, 2012, among ViaSat, Inc. (the
“Borrower”), the lenders parties thereto, and the Agent (as amended, restated,
modified or supplemented from time to time, the “Credit Agreement”). In
connection herewith, the Credit Agreement is being amended by that certain Third
Amendment to Fifth Amended and Restated Revolving Loan Agreement dated as of
even date herewith (the “Amendment”). The undersigned acknowledges receipt of a
copy of the Amendment. The undersigned hereby consents to the Amendment and
reaffirms each of the Guarantor Documents and acknowledges that the execution
and delivery of the Amendment shall have no effect on the Guarantor’s
obligations under the Guarantor Documents, each of which remain the legal, valid
and binding obligation of the Guarantor and are hereby reaffirmed. On and after
the effective date of the Amendment, each reference in the Guarantor Documents
to “the Credit Agreement,” “thereunder,” “thereof,” “therein” or words of like
import referring to the Credit Agreement shall mean and be a reference to the
Credit Agreement as amended by the Amendment and future amendments entered into
from time to time. All capitalized terms used herein and not otherwise defined
herein shall have the meanings given to such terms in the Credit Agreement.

 

May 15, 2013 VIASAT COMMUNICATIONS, INC. By:  

 

Name:   Keven Lippert Title:   Vice President