Exhibit 10.8
 
 Credit Agreement
 Dated as of  July 31, 2009
 between
 Diamond Management & Technology Consultants, Inc.
 and
 Harris N.A.




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Table of Contents
 Section
    
    Description
    
    PageSection 1. The Credits
    
    
    1Section 1.1.
    
    Revolving Credit
    
    
    1Section 1.2.
    
    Revolving Credit Loans
    
    
    1Section 1.3.
    
    Letters of Credit
    
    
    2Section 1.4.
    
    Manner and Disbursement of Loans
    
    
    2Section 2. Interest and Change In Circumstances
    
    
    3Section 2.1.
    
    Interest Rate Options
    
    
    3Section 2.2.
    
    Minimum Amounts
    
    
    4Section 2.3.
    
    Computation of Interest
    
    
    4Section 2.4.
    
    Manner of Rate Selection
    
    
    4Section 2.5.
    
    Change of Law
    
    
    4Section 2.6.
    
    Unavailability of Deposits or Inability to Ascertain, or Inadequacy
of, Adjusted LIBOR
    
    
    5Section 2.7.
    
    Taxes and Increased Costs
    
    
    5Section 2.8.
    
    Change in Capital Adequacy Requirements
    
    
    6Section 2.9.
    
    Funding Indemnity
    
    
    7Section 2.10.
    
    Lending Branch
    
    
    7Section 2.11.
    
    Discretion of Bank as to Manner of Funding
    
    
    7Section 3. Fees, Prepayments, Terminations, and Applications
    
    
    7Section 3.1.
    
    Fees
    
    
    7Section 3.2.
    
    Voluntary Prepayments
    
    
    8Section 3.3.
    
    Reserved
    
    
    8Section 3.4.
    
    Terminations
    
    
    8Section 3.5.
    
    Place and Application of Payments
    
    
    8Section 3.6.
    
    Notations
    
    
    9Section 4. Collateral and Guaranties
    
    
    9Section 4.1.
    
    Collateral
    
    
    9Section 4.2.
    
    Guaranties
    
    
    9Section 4.3.
    
    Further Assurances
    
    
    10Section 5. Definitions; Interpretation
    
    
    10Section 5.1.
    
    Definitions
    
    
    10Section 5.2.
    
    Interpretation
    
    
    17Section 6. Representations and Warranties
    
    
    17Section 6.1.
    
    Organization and Qualification
    
    
    18




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Section
    
    Description
    
    PageSection 6.2.
    
    Subsidiaries
    
    
    18Section 6.3.
    
    Authority and Validity of Obligations
    
    
    18Section 6.4.
    
    Use of Proceeds; Margin Stock
    
    
    19Section 6.5.
    
    Financial Reports
    
    
    19Section 6.6.
    
    No Material Adverse Change
    
    
    19Section 6.7.
    
    Full Disclosure
    
    
    19Section 6.8.
    
    Trademarks, Franchises and Licenses
    
    
    19Section 6.9.
    
    Governmental Authority and Licensing
    
    
    20Section 6.10.
    
    Good Title
    
    
    20Section 6.11.
    
    Litigation and Other Controversies
    
    
    20Section 6.12.
    
    Taxes
    
    
    20Section 6.13.
    
    Approvals
    
    
    20Section 6.14.
    
    Affiliate Transactions
    
    
    20Section 6.15.
    
    Investment Company
    
    
    21Section 6.16.
    
    ERISA
    
    
    21Section 6.17.
    
    Compliance with Laws
    
    
    21Section 6.18.
    
    Other Agreements
    
    
    21Section 6.19.
    
    Solvency.
    
    
    21Section 6.20.
    
    Compliance with OFAC Sanctions Programs
    
    
    21Section 6.21.
    
    No Default
    
    
    22Section 7. Conditions Precedent
    
    
    22Section 7.1.
    
    All Advances
    
    
    22Section 7.2.
    
    Initial Advance
    
    
    22Section 8. Covenants
    
    
    24Section 8.1.
    
    Maintenance of Business
    
    
    24Section 8.2.
    
    Maintenance of Properties
    
    
    24Section 8.3.
    
    Taxes and Assessments
    
    
    24Section 8.4.
    
    Insurance
    
    
    24Section 8.5.
    
    Financial Reports
    
    
    25Section 8.6.
    
    Inspection
    
    
    26Section 8.7.
    
    Borrowings and Guaranties
    
    
    26Section 8.8.
    
    Liens
    
    
    27Section 8.9.
    
    Investments, Acquisitions, Loans and Advances
    
    
    28Section 8.10.
    
    Mergers, Consolidations and Sales
    
    
    29Section 8.11.
    
    Maintenance of Subsidiaries
    
    
    30Section 8.12.
    
    Dividends and Certain Other Restricted Payments
    
    
    30Section 8.13.
    
    ERISA
    
    
    30Section 8.14.
    
    Compliance with Laws
    
    
    31Section 8.15.
    
    Burdensome Contracts With Affiliates
    
    
    31Section 8.16.
    
    No Changes in Fiscal Year
    
    
    31Section 8.17.
    
    Change in the Nature of Business
    
    
    31Section 8.18.
    
    Use of Proceeds
    
    
    31Section 8.19.
    
    Compliance with OFAC Sanctions Programs
    
    
    31
 -ii-




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Section
    
    Description
    
    PageSection 8.20.
    
    Deposit Accounts
    
    
    32Section 8.21.
    
    Minimum Net Worth
    
    
    32Section 8.22.
    
    Interest Coverage Ratio
    
    
    32Section 8.23.
    
    Post-Closing Covenant
    
    
    32Section 9. Events of Default and Remedies
    
    
    32Section 9.1.
    
    Events of Default
    
    
    32Section 9.2.
    
    Non-Bankruptcy Defaults
    
    
    34Section 9.3.
    
    Bankruptcy Defaults
    
    
    34Section 9.4.
    
    Collateral for Undrawn Letters of Credit
    
    
    35Section 10. Miscellaneous
    
    
    35Section 10.1.
    
    Non-Business Days
    
    
    35Section 10.2.
    
    No Waiver, Cumulative Remedies
    
    
    35Section 10.3.
    
    Amendments, Etc
    
    
    35Section 10.4.
    
    Costs and Expenses; Indemnification
    
    
    35Section 10.5.
    
    Documentary Taxes
    
    
    36Section 10.6.
    
    Survival of Representations
    
    
    36Section 10.7.
    
    Survival of Indemnities
    
    
    36Section 10.8.
    
    Notices
    
    
    36Section 10.9.
    
    Construction
    
    
    37Section 10.10.
    
    Headings
    
    
    37Section 10.11.
    
    Severability of Provisions
    
    
    37Section 10.12.
    
    Counterparts
    
    
    37Section 10.13.
    
    Binding Nature, Governing Law, Etc
    
    
    38Section 10.14.
    
    Submission to Jurisdiction; Waiver of Jury Trial
    
    
    38Section 10.15.
    
    USA Patriot Act
    
    
    38Signature
    
    
    
    
    S-1
 Exhibit A
    
    
    
    Revolving NoteExhibit B
    
    
    
    Compliance CertificateSchedule 5.1
    
    
    
    Excluded AccountsSchedule 6.2
    
    
    
    Subsidiaries
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Credit Agreement
 Borrower Harris N.A., Bank
 Preliminary Statement
  Now, Therefore,
 Section 1. The Credits.
 Section 1.1. Revolving Credit. Revolving Credit Commitment,
 Section 1.2. Revolving Credit Loans Loan Loans provided, however, Note




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Section 1.3. Letters of Credit
 General Terms. Letter of Credit Letters of
Credit
 Term.
 General Characteristics.
 Applications. Application Applications
 Section 1.4. Manner and Disbursement of Loans
 -2-




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Section 2. Interest and Change In Circumstances.
 Section 2.1. Interest Rate Options. Generally. Portion Base Rate Portion LIBOR Portions
 Base Rate Portion. provided
 -3-




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LIBOR Portions provided
 Section 2.2. Minimum Amounts
 Section 2.3. Computation of Interest
 Section 2.4. Manner of Rate Selection
 Section 2.5. Change of Law.
 -4-




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provided, however
 Section 2.6. Unavailability of Deposits or Inability to Ascertain, or Inadequacy of, Adjusted
LIBOR
 Section 2.7. Taxes and Increased Costs.
   -5-




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Section 2.8. Change in Capital Adequacy Requirements
 -6-




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Section 2.9. Funding Indemnity.
    Section 2.10. Lending Branch
 Section 2.11. Discretion of Bank as to Manner of Funding.
 Section 3. Fees, Prepayments, Terminations, and Applications.
 Section 3.1. Fees.
 Commitment Fee
 -7-




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Letter of Credit Fees. provided
 Section 3.2. Voluntary Prepayments
 Section 3.3. Reserved.
 Section 3.4. Terminations
 Section 3.5. Place and Application of Payments
 -8-




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provided that
 Section 3.6. Notations.
 Section 4. Collateral and Guaranties.
 Section 4.1. Collateral provided, however,
 Section 4.2. Guaranties
 -9-




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Guaranty Guaranties
 Section 4.3. Further Assurances
 Section 5. Definitions; Interpretation.
 Section 5.1. Definitions
 Acquisition
 Adjusted LIBOR
 Adjusted LIBOR =
    
    LIBOR

100%-Reserve Percentage
 Reserve Percentage eurocurrency liabilities eurocurrency liabilities LIBOR LIBOR Index Rate
 -10-




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LIBOR01 Page
 Affiliate provided
 Agreement
 Applicable Margin
 Application
 Authorized Representative
 Bank
 Base Rate
 -11-




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plus plus LIBOR Quoted Rate
 Base Rate Portion
 Borrower
 Business Day
 Capital Lease
 Capitalized Lease Obligation
 Change of Control person group
 Closing Date
 Code
 Collateral
 -12-




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Collateral Documents
 Commitment
 Controlled Group
 Default
 Domestic Subsidiary
 EBIT
 ERISA
 Event of Default
 Excluded Accounts
 Foreign Subsidiary
 GAAP
 Guaranty Guaranties
 Hostile Acquisition
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Indebtedness
 Interest Expense
 Interest Period
    provided,
however
 Letter of Credit Letters of Credit
 LIBOR Portions
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Lien
 Loan Loans
 Loan Documents
 Material Adverse Effect
 Moodys
 Net Worth
 Note
 Obligations
 OFAC
 OFAC Event
 OFAC Sanctions Programs
 -15-




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OFAC SDN List
 PBGC
 Permitted Acquisition
      Person
 Plan
 Portion
 Property
 Revolving Credit
 -16-




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S&P
 Security Agreement
 Spanish Tax Guaranty
 Subsidiary
 Termination Date
 Unfunded Vested Liabilities
 Welfare Plan
 Wholly-Owned Subsidiary
 Section 5.2. Interpretation hereof herein hereunder
 Section 6. Representations and Warranties.
  -17-




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Section 6.1. Organization and Qualification
 Section 6.2. Subsidiaries
 Section 6.3. Authority and Validity of Obligations
 -18-




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e.g.
 Section 6.4. Use of Proceeds; Margin Stock
 Section 6.5. Financial Reports
 Section 6.6. No Material Adverse Change.
 Section 6.7. Full Disclosure
 Section 6.8. Trademarks, Franchises and Licenses
 -19-




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Section 6.9. Governmental Authority and Licensing
 Section 6.10. Good Title
 Section 6.11. Litigation and Other Controversies.
 Section 6.12. Taxes
 Section 6.13. Approval
 Section 6.14. Affiliate Transactions.
 -20-




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Section 6.15. Investment Company.
 Section 6.16. ERISA
 Section 6.17. Compliance with Laws
 Section 6.18. Other Agreements
 Section 6.19. Solvency
 Section 6.20. Compliance with OFAC Sanctions Programs.
 -21-




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Section 6.21. No Default.
 Section 7. Conditions Precedent.
  Section 7.1. All Advances.
      Section 7.2. Initial Advance.
    -22-




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-23-




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Section 8. Covenants.
  Section 8.1. Maintenance of Business.
 Section 8.2. Maintenance of Properties.
 Section 8.3. Taxes and Assessment
 Section 8.4. Insurance.
 -24-




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Section 8.5. Financial Reports.
    -25-




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Section 8.6. Inspection
 Section 8.7. Borrowings and Guaranties. provided, however,
  -26-




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Section 8.8. Liens. provided,
however,
    -27-




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Section 8.9. Investments, Acquisitions, Loans and Advances provided, however,
     -28-




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Section 8.10. Mergers, Consolidations and Sales. provided, however,
    -29-




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Section 8.11. Maintenance of Subsidiaries. provided, however,
 Section 8.12. Dividends and Certain Other Restricted Payments. Restricted Payments provided,
however, (
 Section 8.13. ERISA.
 -30-




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Section 8.14. Compliance with Laws.
 Section 8.15. Burdensome Contracts With Affiliates.
 Section 8.16. No Changes in Fiscal Year.
 Section 8.17. Change in the Nature of Business.
 Section 8.18. Use of Proceeds
 Section 8.19. Compliance with OFAC Sanctions Programs.
  OFAC Event
 -31-




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Section 8.20. Deposit Accounts
 Section 8.21. Minimum Net Worth.
 Section 8.22. Interest Coverage Ratio.
 Section 8.23. Post-Closing Covenant
 Section 9. Events of Default and Remedies.
 Section 9.1. Events of Default Event
of Default
    -32-




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Material Plan
  -33-




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Section 9.2. Non-Bankruptcy Defaults
    Section 9.3. Bankruptcy Defaults.
 -34-




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Section 9.4. Collateral for Undrawn Letters of Credit
 Section 10. Miscellaneous.
 Section 10.1. Non-Business Days.
 Section 10.2. No Waiver, Cumulative Remedies.
 Section 10.3. Amendments, Etc.
 Section 10.4. Costs and Expenses; Indemnification. provided, however,
 -35-




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Section 10.5. Documentary Taxes.
 Section 10.6. Survival of Representations.
 Section 10.7. Survival of Indemnities
 Section 10.8. Notices.
 -36-




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to the Borrower at:
    
    to the Bank at:Diamond Management & Technology
    
    Harris N.A.Consultants, Inc.
    
    111 West Monroe Street875 N. Michigan Ave., Suite 3000
    
    Chicago, Illinois 60603Chicago, Illinois 60611
    
    Attention: Jim HessAttention: Chief Financial Officer
    
    Telephone: (312) 461-5026Telephone: (312) 255-5050
    
    Telecopy: (312) 461-6190Telecopy: (312) 255-6050With a copy of any notice of default to:Diamond Management & TechnologyConsultants, Inc.875 N. Michigan Ave., Suite 3000Chicago, Illinois 60611Attention: General CounselTelephone: (312) 255-5754Telecopy: (312) 255-6000
  Section 10.9. Construction. Nothing contained
herein shall be deemed or construed to permit any act or omission which is prohibited by the terms
of any of the other Loan Documents, the covenants and agreements contained herein being in addition
to and not in substitution for the covenants and agreements contained in the other Loan
Documents
 Section 10.10. Headings.
 Section 10.11. Severability of Provisions.
 Section 10.12. Counterparts
 -37-




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Section 10.13. Binding Nature, Governing Law, Etc. This Agreement and the rights and duties of the parties hereto shall be governed by, and
construed in accordance with, the internal laws of the State of Illinois without regard to
principles of conflicts of laws.
 Section 10.14. Submission to Jurisdiction; Waiver of Jury Trial The Borrower and the Bank hereby
irrevocably waive any and all right to trial by jury in any legal proceeding arising out of or
relating to any Loan Document or the transactions contemplated thereby.
 Section 10.15. USA Patriot Act Act
 [Signature Page to Follow]
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BorrowerDiamond Management & Technology 
     Consultants, Inc.ByNameTitleBankHarris N.A.ByNameTitle S-1




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Exhibit A  Revolving Note
 Chicago, Illinois$12,500,000
    
    July 31, 2009
 Borrower Harris N.A. Bank Dollars
 Credit Agreement
  This
Note shall be construed in accordance with, and governed by, the internal laws of the State of
Illinois without regard to principles of conflicts of laws.
 Diamond Management & Technology 
     Consultants, Inc.ByNameTitle




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Exhibit B
 Diamond Management & Technology Consultants, Inc.  Compliance Certificate
 Harris N.A.
 N.A. Bank Credit Agreement
 The Undersigned hereby certifies that:




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Diamond Management & Technology Consultants, Inc.ByNameTitle
 -2-




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Attachment to Compliance Certificate  Diamond Management & Technology Consultants, Inc.
 
 A. Minimum Net Worth (Section 8.21)1. Net Worth
    
    $2. Net Worth shall not be less than
    
    $
    30,000,0003. Borrower is in compliance? (circle yes or
no)
    
    yes/noB. Interest Coverage Ratio (Section 8.22)1. Net Income for past 4 fiscal quarters*
    
    $2. Interest Expense for past 4 fiscal
quarters*
    
    $3. Federal, state and local income taxes for past4 fiscal quarters*
    
    $4. Sum of Lines B1-B3 (EBIT)
    
    $5. Ratio of Line B4 to Line B2
    
    
    ____ : 1.06. Line B5 Ratio shall not be less than
    
    
    1.50 : 1.07. Borrower is in compliance? (circle yes or no)
    
    yes/no
 
 *
    
    For the fiscal quarters ending September 30, 2009 and
December 31, 2009 calculation of these amounts shall be since April 1, 2009
(instead of for the past 4 fiscal quarters)




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Schedule 5.1
 Excluded Accounts




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Schedule 6.2
 Subsidiaries
 Jurisdiction of
    
    PercentageName
    
    Incorporation
    
    Ownership
    
    OwnerDiamond Management & Technology
Consultants NA, Inc. (NA)
    
    Illinois
    
    
    100
    %
    
    BorrowerDiamond Partners Limited (DPL)
    
    United Kingdom
    
    
    100
    %
    
    BorrowerDiamond Management & Technology
Consultants Pvt. Ltd.
    
    India
    
    
    99
1
    %
%
    
    NA
BorrowerDiamond Management & Technology 
Consultants Limited
    
    United Kingdom
    
    
    80.2
19.8
    %
%
    
    DPL
Borrower