FIRST AMENDMENT
TO SECOND AMENDED AND RESTATED
CREDIT AGREEMENT (Short Term Facility)

                    This FIRST AMENDMENT TO THE SECOND AMENDED AND RESTATED
CREDIT AGREEMENT (Short Term Facility) (this "Amendment") is dated as of August
16, 2002 and entered into by and among Computer Sciences Corporation, a Nevada
corporation (the "Company"), as Borrower, the financial institutions (the
"Lenders") listed on the signature pages hereof, and Citicorp USA, Inc.
("CUSA"), as administrative agent (the "Agent") for the Lenders, and is made
with reference to that certain Second Amended and Restated Credit Agreement
(Short Term Facility) dated as of August 16, 2001 (the "Existing Credit
Agreement"), by and among the Company, the lenders listed on the signature pages
thereof, and the Agent. Capitalized terms used herein without definition shall
have the same meanings herein as set forth in the Existing Credit Agreement.

RECITALS

                    WHEREAS, the Company, the Agent and the Lenders desire to
amend the Existing Credit Agreement (a) to extend the Commitment Termination
Date, as previously extended to August 16, 2002, for an additional period
terminating on August 15, 2003 (b) to increase the aggregate amount of the
Commitments, as permitted in Section 2.18 of the Existing Credit Agreement by
$33,500,000 so that the aggregate amount of the Commitments is $350,000,000, and
(c) to modify certain other provisions.

                    NOW, THEREFORE, in consideration of the premises and the
agreements, provisions and covenants herein contained, the parties hereto agree
as follows:

 

Section 1.        AMENDMENTS TO THE EXISTING CREDIT AGREEMENT

 

 

 

1.1

Amendments to Article I: Definitions and Accounting Terms

 

 

 

 

 

A.        Section 1.01 of the Existing Credit Agreement is hereby amended by

deleting, in the definition of "Commitment Termination Date," the date "August
17, 2001" and substituting in lieu thereof the date "August 15, 2003."

 

 

 

 

 

B.        Section 1.01 of the Existing Credit Agreement is hereby further

amended by adding in the definition of "Daily Margin," the following at the end
of such definition:

 

 

 

 

            "Notwithstanding anything to the contrary set forth in this
definition, if the Term Loans are made, the Daily Margin for all Advances
comprising the Term Loans shall be the rate per annum for the applicable Level
in the third column above (Daily Margin when Utilization Ratio is greater than
0.65:1.00) plus 0.25%."

 

1

--------------------------------------------------------------------------------

1.2

Amendments to Schedules

 

 

 

 

 

A.        Schedule I to the Existing Credit Agreement is hereby amended by

deleting said Schedule I in its entirety and substituting in place thereof a new
Schedule I in the form of Annex I to this Amendment.

 

 

 

 

 

B.        Schedule III to the Existing Credit Agreement is hereby amended by

deleting said Schedule III in its entirety and substituting in place thereof a
new Schedule III in the form of Annex II to this Amendment.

 

 

 

 

Section 2.        CONDITIONS TO EFFECTIVENESS

 

 

 

 

 

        This Amendment shall become effective upon receipt by the Agent of all

of the following , in form and substance satisfactory to the Agent and the
Lenders (the date of satisfaction of such condition being referred to herein as
the "First Amendment Effective Date"):

 

 

 

 

 

A.        Documents. On or before the First Amendment Effective Date,

Company shall deliver to the Lenders (or to Agent for the Lenders with
sufficient originally executed copies, where appropriate, for each Lender and
its counsel a certificate of a Secretary or an Assistant Secretary of the
Company, dated the First Amendment Effective Date, certifying (a) the
correctness and completeness of the copies of the Company's Certificate of
Incorporation and Bylaws previously delivered to the Agent, (b) the names and
true signatures of the officers of the Company authorized to sign this Amendment
and the other documents to be delivered by the Company hereunder, and (c) the
correctness and completeness of the copies of the resolutions of the Board of
Directors of the Company previously delivered to the Agent.

 

 

 

 

 

B.        Execution of Amendment. This Amendment executed by each party

hereto.

 

 

 

 

 

C.        Legal Opinion. A favorable opinion of Hayward D. Fisk, Esq., General

Counsel of the Company, substantially in the form of Exhibit 1 hereto.

 

 

 

 

 

D.        Absence of Indebtedness; Payment of Fees. Evidence satisfactory to

the Agent of (i) the absence of any indebtedness of the Company under the
Existing Credit Agreement (including borrowings and accrued interest) and (ii)
the payment of fees payable, if any, by the Company under the Existing Credit
Agreement.

 

 

 

 

Section 3.        THE COMPANY'S REPRESENTATIONS AND WARRANTIES

 

 

 

 

 

In order to induce the Agent and the Lenders to enter into this Amendment and

to amend the Existing Credit Agreement as described herein, the Company
represents and warrants to the Agent and each Lender that the following
statements are true, correct and complete on and as of the First Amendment
Effective Date:

 

 

 

 

 

A.        Due Authorization, etc. The execution, delivery and performance by the

Company of this Amendment and the Existing Agreement, as amended by this
Amendment

S-2

--------------------------------------------------------------------------------

(the "Amended Agreement"), are within the Company's corporate powers, have been
duly authorized by all necessary corporate action, and do not contravene (i) the
Company's certificate of incorporation or bylaws or (ii) law or any material
contractual restriction binding on or affecting the Company.

 

 

 

 

 

B.        Governmental Consent. No authorization or approval or other action by,

and no notice to or filing with, any governmental authority or regulatory body
is required for the due execution, delivery and performance by the Company of
this Amendment or the Amended Agreement.

 

 

 

 

 

C.        Validity. This Amendment has been duly executed and delivered by the

Company, and each of this Amendment and the Amended Agreement is the legal,
valid and binding obligation of the Company enforceable against the Company in
accordance with its terms, subject to the effect of applicable bankruptcy,
insolvency, arrangement, moratorium and other similar laws affecting creditors'
rights generally and to the application of general principles of equity.

 

 

 

 

 

D.        Incorporation of Representations and Warranties From the Existing

Credit Agreement

. The representations and warranties contained in Section 4.01 of the Existing
Credit Agreement are true, correct and complete in all material respects on and
as of the First Amendment Effective Date to the same extent as though made on
and as of that date, except to the extent such representations and warranties
specifically relate to an earlier date, in which case they were true, correct
and complete in all material respects on and as of such earlier date.

 

 

 

 

 

E.        Absence of Default. No event has occurred and is continuing or will

result from the consummation of the transactions contemplated by this Amendment
that would constitute an Event of Default or a Potential Event of Default.

 

 

 

 

Section 4.        MISCELLANEOUS

 

 

 

 

 

A.        Effect of this Amendment. The execution, delivery and performance of

this Amendment shall not, except as expressly provided herein, constitute a
waiver of any provision of, or operate as a waiver of any right, power or remedy
of the Agent or any Lender under, the Amended Agreement.

 

 

 

 

 

B.        Headings. Section and subsection headings in this Amendment are

included herein for convenience of reference only and shall not constitute a
part of this Amendment for any other purpose or be given any substantive effect.

 

 

 

 

 

C.        Applicable Law. THIS AMENDMENT AND THE RIGHTS AND

OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE
CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

 

 

 

 

D.        Counterparts; Effectiveness. This Amendment may be executed in any

number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed and delivered shall be deemed an original, but
all such counterparts

S-3

--------------------------------------------------------------------------------

together shall constitute but one and the same instrument; signature pages may
be detached from multiple separate counterparts and attached to a single
counterpart so that all signature pages are physically attached to the same
document. This Amendment (other than Section 1 hereof, the effectiveness of
which is governed by Section 2 hereof) shall become effective upon the execution
of a counterpart hereof by the Company, the Lenders, and the Agent and receipt
by the Agent of written or telephonic notification of such execution and
authorization of delivery thereof.

 

[Remainder of page intentionally left blank.]

 

 

 

S-4

--------------------------------------------------------------------------------

 

                    IN WITNESS WHEREOF,

the parties hereto have caused this Amendment to be duly executed and delivered
by their respective officers thereunto duly authorized as of the date first
written above.

 

COMPUTER SCIENCES CORPORATION

, a Nevada corporation

 

 

 

 

 

 

 

By  /s/ Leon J. Level                                             

 

Name: Leon J. Level

 

Title: Vice President and Chief Financial Officer

 

 

S-1

 

--------------------------------------------------------------------------------

 

 

 

CITICORP USA, INC.

(As Agent and a Lender)

 

 

 

 

 

 

 

By  /s/ William Timmons                                         

 

Name: William Timmons

 

Title: Vice President

 

 

S-2

 

--------------------------------------------------------------------------------

 

 

 

MELLON BANK N.A.

(As a Lender)

 

 

 

 

 

 

 

By  /s/ Lawrence C. Ivey                                          

 

Name: Lawrence C. Ivey

 

Title: First Vice President

 

 

S-3

 

--------------------------------------------------------------------------------

 

 

 

WACHOVIA BANK, NATIONAL ASSOCIATION formerly known as FIRST UNION NATIONAL BANK

(As a Lender)

 

 

 

 

 

 

 

By  /s/ Anne L.
Sayles                                                           

 

Name: Anne L. Sayles

 

Title: Director

 

 

S-4

 

--------------------------------------------------------------------------------

 

 

 

THE BANK OF NOVA SCOTIA

(As a Lender)

 

 

 

 

 

 

 

By  /s/ Ed Kofman                                                    

 

Name: Ed Kofman

 

Title: Director

 

 

S-5

 

--------------------------------------------------------------------------------

 

 

 

THE BANK OF NEW YORK

(As a Lender)

 

 

 

 

 

 

 

By  /s/ Mehrasa Raygani                                          

 

Name: Mehrasa Raygani

 

Title: Vice President

 

 

S-6

 

--------------------------------------------------------------------------------

 

 

 

WELLS FARGO BANK, N.A.

(As a Lender)

 

 

 

 

 

 

 

By  /s/ Lucy Nixon                                                   

 

Name: Lucy Nixon

 

Title: Vice President

 

S-7

 

--------------------------------------------------------------------------------

 

 

THE ROYAL BANK OF SCOTLAND, Plc

(As a Lender)

 

 

 

 

 

 

 

By  /s/ Julian Dakin                                                  

 

Name: Julian Dakin

 

Title: Senior Vice President

 

S-8

 

--------------------------------------------------------------------------------

 

 

STANDARD CHARTERED BANK

(As a Lender)

 

 

 

 

 

 

 

By  /s/ Frieda Youlios                                              

 

Name: Frieda Youlios

 

Title: Vice President

 

 

 

 

 

By  /s/ Robert Reddington                                        

 

Name: Robert Reddington

 

Title: AVP/Credit Documentation

 

S-9

 

--------------------------------------------------------------------------------

 

JPMORGAN CHASE BANK

(As a Lender)

 

 

 

 

 

 

 

By  /s/ William P. Rindfuss                                      

 

Name: William P. Rindfuss

 

Title: Vice President

 

S-10

 

--------------------------------------------------------------------------------

 

THE NORTHERN TRUST COMPANY

(As a Lender)

 

 

 

 

 

 

 

By  /s/ Eric Dybing                                                   

 

Name: Eric Dybing

 

Title: Second Vice President

 

S-11

 

--------------------------------------------------------------------------------

 

 

DANSKE BANK A/S

 

 

 

 

 

 

 

By  /s/ Michael K. Crawford                                    

 

Name: Michael K. Crawford

 

Title: Vice President

 

 

 

 

 

By  /s/ John A. O'Neill                                             

 

Name: John A. O'Neill

 

Title: Assistant General Manager

 

S-12

--------------------------------------------------------------------------------

 

 

SUMITOMO MITSUI BANKING CORPORATION

(As a Lender)

 

 

 

 

 

 

 

By  /s/ Azar Shakeri                                                 

 

Name: Azar Shakeri

 

Title: Vice President and Manager

 

S-13

 

--------------------------------------------------------------------------------

 

BANCA NAZIONALE DEL LAVORO S.p.A.

(As a Lender)

 

 

 

 

 

 

 

By  /s/ Juan J. Cortes                                                

 

Name: Juan J. Cortes

 

Title: Vice President

 

 

 

 

 

By  /s/ Leonardo Valentini                                       

 

Name: Leonardo Valentini

 

Title: First Vice President

 

S-14

 

--------------------------------------------------------------------------------

 

The undersigned hereby agrees to be party to the Second Amended and Restated
Credit Agreement dated as of August 16, 2001, as amended by this Amendment.

 

 

BANK OF TOKYO-MITSUBISHI, LTD.
Portland Branch

(As a Lender)

 

 

 

 

 

 

 

By  /s/ Junji Ban                                                       

 

Name: Junji Ban

 

Title: General Manager

 

S-15

 

--------------------------------------------------------------------------------

 

The undersigned hereby agrees to be party to the Second Amended and Restated
Credit Agreement dated as of August 16, 2001, as amended by this Amendment.

 

 

KEY CORPORATE CAPITAL, INC.

(As a Lender)

 

 

 

 

 

 

 

By  /s/ Robert W. Boswell                                       

 

Name: Robert W. Boswell

 

Title: Vice President

S-16

--------------------------------------------------------------------------------

 

Computer Sciences Corporation

The Lenders party to the Second Amended and Restated Credit Agreement (Short
Term Facility) dated as of August 16, 2002 among Computer Sciences Corporation,
the Lenders party thereto, and Citicorp USA, Inc. as Administrative Agent and
Salomon Smith Barney Inc. as Arranger, August 5, 2002.

 

 

DANSKE BANK A/S

 

 

 

 

 

 

 

By  /s/ Michael K. Crawford                                    

 

Name: Michael K. Crawford

 

Title: Vice President

 

 

 

 

 

By  /s/ John A. O'Neill                                             

 

Name: John A. O'Neill

 

Title: Assistant General Manager

S-17

 

--------------------------------------------------------------------------------

The undersigned hereby agrees to be party to the Second Amended and Restated
Credit Agreement dated as of August 16, 2001, as amended by this Amendment.

 

U.S. BANK, N.A.

(As a Lender)

 

 

 

 

 

 

 

By  /s/ David W. Johnson                                         

 

Name: David W. Johnson

 

Title: Corporate Banking Office

S-18

--------------------------------------------------------------------------------

 

ANNEX I
SCHEDULE I
APPLICABLE LENDING OFFICES

Bank                                        

Domestic Lending Office            

Eurodollar Lending Office         

 

 

 

Citicorp USA, Inc.

Citicorp USA, Inc.
Citibank Agency Services
2 Penns Way, Suite 200
New Castle, DE 19720
Attention: Janet Wallace
Telephone No: (302) 894-6029
Facsimile No: (302) 894-6120

Citicorp USA, Inc.
Citibank Agency Services
2 Penns Way, Suite 200
New Castle, DE 19720
Attention: Janet Wallace
Telephone No: (302) 894-6029
Facsimile No.: (302) 894-6120

 

 

 

The Chase Manhattan Bank

The Chase Manhattan Bank
270 Park Avenue
New York, NY 10017
Attention: John Kowalczuk
Telephone No.: (212) 270-6782
Facsimile No.: (212) 270-4584

The Chase Manhattan Bank
1 Chase Manhattan Plaza
8th Floor,
New York NY 10081
Attention: Elaine Augustine
Telephone No.: (212) 552-7489
Facsimile No.: (212) 552-5700

 

 

 

Mellon Bank, N.A.

Mellon Bank, N.A.
Three Mellon Center, Room 1203
Pittsburgh, PA 15259
Attention: Loan Administration
Telephone No.: (412) 234-7365
Facsimile No.: (412) 209-6122

Mellon Bank, N.A.
Three Mellon Center, Room 1203
Pittsburgh, PA 15259
Attention: Loan Administration
Telephone No.: (412) 234-7365
Facsimile No.: (412) 209-6122

 

 

 

The Bank of New York

The Bank of New York
One Wall Street, 2nd Floor
New York, NY 10005
Attention: Dawn Hertling
Telephone No.: (212) 635-6742
Facsimile No.: (212) 635-6933

The Bank of New York
One Wall Street, 2nd Floor
New York, NY 10005
Attention: Dawn Hertling
Telephone No.: (212) 635-6742
Facsimile No.: (212) 635-6933

 

 

 

Danske Bank A/S, Cayman Islands Branch

Danske Bank, Cayman Islands Branch
299 Park Avenue
14th Floor
New York, NY 10171-1499
Attention: Michael K. Crawford
Telephone No.: (212) 984-8455
Facsimile No.: (212) 984-9567

Danske Bank, Cayman Islands Branch
299 Park Avenue
14th Floor
New York, NY 10171-1499
Attention: Michael K. Crawford
Telephone No.: (212) 984-8455
Facsimile No.: (212) 984-9567

 

 

 

Key Corporate Capital, Inc.

Key Corporate Capital, Inc.
601 108th Avenue NE
5th Floor
PO Box 90027
Bellevue, WA 98009
Attention: Robert Boswell
Telephone No.: (425) 709-4580
Facsimile No.: (425) 709-4587

Key Corporate Capital, Inc.
601 108th Avenue NE
5th Floor
PO Box 90027
Bellevue, WA 98009
Attention: Robert Boswell
Telephone No.: (425) 709-4580
Facsimile No.: (425) 709-4587

 

 

 

The Bank of Nova Scotia

The Bank of Nova Scotia
580 California Street
San Francisco, CA 94104
Attention: Ed Koffman
Telephone No.: (415) 986-1100
Facsimile No.: (415) 397-0791

The Bank of Nova Scotia
580 California Street
San Francisco, CA 94104
Attention: Ed Koffman
Telephone No.: (415) 986-1100
Facsimile No.: (415) 397-0791

 

 

 

U.S. Bank, N.A.

U.S. Bank National Association
555 S.W. Oak Street
4th Floor
Mail Code PD-OR-P4CB
Portland, OR 97204
Attention: Douglas A Rich
Telephone No.: (503) 275-6738
Facsimile No.: (503) 275-5428

U.S. Bank National Association
555 S.W. Oak Street
4th Floor
Mail Code PD-OR-P4CB
Portland, OR 97204
Attention: Douglas A Rich
Telephone No.: (503) 275-6738
Facsimile No.: (503) 275-5428

 

 

 

Wells Fargo Bank

Wells Fargo Bank
707 Wilshire Boulevard, 16th Floor
MAC 2818-165
Los Angeles, CA 90017
Attention: Catherine Wallace
Telephone No.: (213) 614-4763
Facsimile No.: (213) 614-2569

Wells Fargo Bank
707 Wilshire Boulevard, 16th Floor
MAC 2818-165
Los Angeles, CA 90017
Attention: Catherine Wallace
Telephone No.: (213) 614-4763
Facsimile No.: (213) 614-2569

 

 

 

First Union National Bank

First Union National Bank
301 S. College St.
Mail Code: NC1183
Charlotte, NC 28288
Attention: Todd Tucker
Telephone No.: (704) 383-0905
Facsimile No.: (704) 383-7999

First Union National Bank
301 S. College St.
Mail Code: NC1183
Charlotte, NC 28288
Attention: Todd Tucker
Telephone No.: (704) 383-0905
Facsimile No.: (704) 383-7999

 

 

 

Northern Trust Company

Northern Trust Company
50 S. LaSalle
Chicago, IL 60675
Attention: Nicole Boehm
Facsimile No.: (312) 630-6062

Northern Trust Company
50 S. LaSalle
Chicago, IL 60675
Attention: Nicole Boehm
Facsimile No.: (312) 630-6062

 

 

 

The Royal Bank of Scotland Plc

The Royal Bank of Scotland Plc
65 East 55th Street, 24th Floor
New York, NY 10022
Attention: Sheila Shaw, Commercial Loans
Telephone No.:
(212) 401-1406/1424
Facsimile No.: (212) 401-1494

The Royal Bank of Scotland Plc
c/o 65 East 55th Street, 24th Floor
New York, NY 10022
Attention: Sheila Shaw, Commercial Loans
Telephone No.:
(212) 401-1406/1424
Facsimile No.: (212) 401-1494

 

 

 

Banca Nazionale del Lavoro

Banca Nazionale del Lavoro S.p.A.
New York Branch
25 W. 51st St.
New York, NY 10019
Attention: Giulio Giovine
Telephone No. (212) 314-0239
Facsimile: (212) 765-2978

Banca Nazionale del Lavoro S.p.A.
New York Branch
25 W. 51st St.
New York, NY 10019
Attention: Giulio Giovine
Telephone No.: (212) 314-0239
Facsimile No.: (212) 765-2978

 

 

 

The Bank of Tokyo-Mitsubishi, Ltd.

The Bank of Tokyo-Mitsubishi, Ltd. Portland Branch
2300 Pacwest Center
1211 S.W. 5th Avenue
Portland, OR 97204
Attention: Penny Crisman or Christine Fountain
Telephone No.: (503) 227-2375
Facsimile No.: (503) 227-5372

The Bank of Tokyo-Mitsubishi, Ltd. Portland Branch
2300 Pacwest Center
1211 S.W. 5th Avenue
Portland, OR 97204
Attention: Penny Crisman or Christine Fountain
Telephone No.: (503) 227-2375
Facsimile No.: (503) 227-5372

 

 

 

Standard Chartered Bank

Standard Chartered Bank
7 World Trade Center
New York, NY 10048
Attention: Larry Fitzgerald
Telephone No.: (212) 667-0107
Facsimile No.: (212) 667-0568

Standard Chartered Bank
7 World Trade Center
New York, NY 10048
Attention: Larry Fitzgerald
Telephone No.: (212) 667-0107
Facsimile No.: (212) 667-0568

 

 

 

Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Banking Corporation
277 Park Avenue
New York, NY 10172
Attention: John Wichrowski or Claire Kowalski
Telephone No.: (212) 224-4336 or (212) 224-4312
Fax No.: 212-224-5197

Sumitomo Mitsui Banking Corporation
277 Park Avenue
New York, NY 10172
Attention: John Wichrowski or Claire Kowalski
Telephone No.:(212) 224-4336 or (212) 224-4312
Fax No.: 212-224-5197

 

--------------------------------------------------------------------------------

ANNEX II
SCHEDULE III

LENDER'S COMMITMENTS

                             Lender                             

        Commitment        

Citicorp USA, Inc.

$39,750,000

The Chase Manhattan Bank

$33,750,000

Mellon Bank N.A.

$28,750,000

The Bank of New York

$28,750,000

Danske Bank A/S, Cayman Islands Branch

$25,000,000

Key Corporate Capital, Inc.

$25,000,000

The Bank of Nova Scotia

$25,000,000

U.S. Bank, N.A.

$25,000,000

Wells Fargo Bank

$24,000,000

First Union National Bank

$21,250,000

Northern Trust Company

$15,000,000

The Royal Bank of Scotland Plc

$11,750,000

Banco Nationale del Lavoro

$11,750,000

The Bank of Tokyo-Mitsubishi, Ltd.

$11,750,000

Standard Chartered Bank

$11,750,000

Sumitomo Mitsui Banking Corporation

$11,750,000

Total Commitments:

$350,000,000