Exhibit 10.1

October 31, 2011

ViaSat, Inc.

6155 El Camino Real

Carlsbad, California 92009

Attention: Paul Castor, Esq.

 

  Re: Eighth Amendment to Fourth Amended and Restated Revolving Loan Agreement
(this “Amendment”)

Gentlemen:

We refer to that certain Fourth Amended and Restated Revolving Loan Agreement
dated as of July 1, 2009 among ViaSat, Inc., a Delaware corporation (the
“Borrower”), each lender from time to time party thereto, Union Bank, N.A., as
Administrative Agent, Bank of America, N.A., as Syndication Agent, JPMorgan
Chase Bank, N.A., Compass Bank and Wells Fargo Bank, National Association, as
Co-Documentation Agents, Credit Suisse AG, Cayman Islands Branch and Bank of the
West, as Co-Agents, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Union
Bank, N.A., as Joint Lead Arrangers and Joint Book Runners, and Union Bank,
N.A., as Collateral Agent (as amended, modified or supplemented from time to
time, the “Credit Agreement”). Capitalized terms used herein and not defined
shall have the meanings assigned to them in the Credit Agreement.

The Borrower has requested, and the Requisite Lenders have agreed, effective as
of September 30, 2011, to amend the Credit Agreement in certain respects in
accordance with the terms of this Amendment. Accordingly, the Credit Agreement
is amended so that the definition of “EBITDA” is amended and restated in its
entirety to read as follows:

“EBITDA” means the sum of (a) Net Income plus (b) to the extent deducted in
determining Net Income, (i) Interest Expense, (ii) expense for taxes paid or
accrued, (iii) depreciation, (iv) amortization, (v) non-cash losses as a result
of the disposition of customer premises equipment, (vi) any extraordinary
non-cash or nonrecurring non-cash charges or losses, (vii) any non-cash charges
arising from compensation expense as a result of the adoption of Financial
Accounting Standards Board Statement 123 (Revised 2004), “Share-Based Payment”,
which requires certain stock-based compensation to be recorded as expense within
the Borrower’s consolidated statement of operations, (viii) non-recurring
expenses for professional services, regulatory clearances and filings, transfer
fees, severance payments and other similar closing costs (to the extent such
expenses are not capitalized by the Borrower) incurred in connection with
Permitted Acquisitions and reasonably approved by the Administrative Agent and
(ix) with respect to the operating costs related to the ViaSat-1 Project, (A) up
to $300,000 incurred during Borrower’s Fiscal Quarter ended April 1, 2011,
(B) up to $5,650,000 incurred during Borrower’s Fiscal Quarter ended July 1,
2011, (C) up to $5,650,000 incurred during Borrower’s Fiscal Quarter ended
September 30, 2011 and (D) up to $7,500,000 incurred

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during Borrower’s Fiscal Quarter ended December 30, 2011; minus (c) to the
extent included in Net Income, (i) non-cash gains as a result of the disposition
of customer premises equipment, (ii) any extraordinary non-cash or nonrecurring
non-cash gains, (iii) the amount of any subsequent cash payments in respect of
any non-cash charges described in the preceding clause (b)(vii), and
(iv) Interest income; all calculated for the Borrower and its Subsidiaries on a
consolidated basis.

The governing law and venue provisions of Section 11.17 of the Credit Agreement
are incorporated herein by this reference mutatis mutandis. This letter
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 or electronic
transmission shall be effective as delivery of a manually executed counterpart.
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 letter amendment shall be deemed a “Loan Document” as defined in
the Credit Agreement.

[Remainder of page intentionally left blank.]

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If you are in agreement with the foregoing, please execute this letter in the
space provided below.

 

Very truly yours, VIASAT, INC. By:  

/s/ Ronald G. Wangerin

Name:   Ronald G. Wangerin Title:   Chief Financial Officer

 

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UNION BANK, N.A., as Administrative Agent By:  

/s/ Mark Adelman

Name:   Mark Adelman Title:   Vice President

UNION BANK, N.A.,

as Collateral Agent

By:  

/s/ Mark Adelman

Name:   Mark Adelman Title:   Vice President

UNION BANK, N.A.,

as a Lender and Swing Line Lender

By:  

/s/ Mark Adelman

Name:   Mark Adelman Title:   Vice President

 

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BANK OF AMERICA, N.A.,

as a Lender

By:  

/s/ Christopher D. Pannacciulli

Name:   Christopher D. Pannacciulli 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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CALIFORNIA BANK & TRUST,

as a Lender

By:  

/s/ Steve DeLong

Name:   Steve DeLong Title:   Senior Vice President, Manager

 

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COMERICA BANK,

as a Lender

By:  

/s/ Don Carruth

Name:   Don Carruth Title:   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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CREDIT SUISSE AG, CAYMAN ISLANDS

BRANCH, as a Lender

By:  

/s/ Mikhail Faybusovich

Name:   Mikhail Faybusovich Title:   Director By:  

/s/ Vipul Dhadda

Name:   Vipul Dhadda Title:   Associate

 

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JPMORGAN CHASE BANK, N.A.,

as a Lender

By:  

/s/ Anna C. Araya

Name:   Anna C. Araya Title:   Vice President

 

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WELLS FARGO BANK, NATIONAL

ASSOCIATION,

as a Lender

By:  

/s/ Kimberly J. Striegl

Name:   Kimberly J. Striegl Title:   Senior Vice President

 

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