EX-10.1



 





Exhibit 10.1




	 	 	 
	

	 	Amendment to Credit Agreement





This agreement is dated as of July 2, 2007, by and between Harris Interactive Inc. (the “Borrower”)
and JPMorgan Chase Bank, N.A. (the “Bank”), and its successors and assigns. The provisions of this
agreement are effective on the date that this agreement has been executed by all of the signers and
delivered to the Bank (the “Effective Date”).



WHEREAS, the Borrower and the Bank entered into a credit agreement dated July 19, 2006, as amended
(if applicable) (the “Credit Agreement”); and



WHEREAS, the Borrower has requested and the Bank has agreed to amend the Credit Agreement as set
forth below;



NOW, THEREFORE, in mutual consideration of the agreements contained herein and for other good and
valuable consideration, the parties agree as follows:





	1.	 	DEFINED TERMS. Capitalized terms not defined herein shall have the meaning ascribed in the
Credit Agreement.
	 
	2.	 	MODIFICATION OF CREDIT AGREEMENT. The Credit Agreement is hereby amended as follows:






	 	2.1	 	From and after the Effective Date, the provision in the Credit Agreement
captioned ” Facility A (Line of Credit) “ is hereby amended and restated to read as
follows:






Facility A (Line of Credit). The Bank has approved a credit facility to the Borrower in the
principal sum not to exceed $37,000,000.00 in the aggregate at any one time outstanding
(“Facility A”). Credit under Facility A shall be repayable as set forth in a Line of Credit
Note executed concurrently with this agreement, and any renewals, modifications, extensions,
rearrangements, restatements thereof and replacements or substitutions therefor.




	3.	 	RATIFICATION. The Borrower ratifies and reaffirms the Credit Agreement and the Credit
Agreement shall remain in full force and effect as modified herein.






	4.	 	BORROWER REPRESENTATIONS AND WARRANTIES. The Borrower represents and warrants that (a) the
representations and warranties contained in the Credit Agreement are true and correct in all
material respects as of the date of this agreement, (b) no condition, act or event which could
constitute an event of default under the Credit Agreement or any promissory note or credit
facility executed in reference to the Credit Agreement exists, and (c) no condition, event,
act or omission has occurred, which, with the giving of notice or passage of time, would
constitute an event of default under the Credit Agreement or any promissory note or credit
facility executed in reference to the Credit Agreement.






	5.	 	FEES AND EXPENSES. The Borrower agrees to pay all fees and out-of-pocket disbursements
incurred by the Bank in connection with this agreement, including legal fees incurred by the
Bank in the preparation, consummation, administration and enforcement of this agreement.






	6.	 	EXECUTION AND DELIVERY. This agreement shall become effective only after it is fully executed
by the Borrower and the Bank, and the Bank shall have received from the Borrower the following
documents: Note Modification Agreement.






	7.	 	ACKNOWLEDGEMENTS OF BORROWER. The Borrower acknowledges that as of the date of this agreement
it has no offsets with respect to all amounts owed by the Borrower to the Bank arising under
or related to the Credit Agreement on or prior to the date of this agreement. The Borrower
fully, finally and forever releases and discharges the Bank and its successors, assigns,
directors, officers, employees, agents and representatives from any and all claims, causes of
action, debts and liabilities, of whatever kind or nature, in law or in equity, of the
Borrower, whether now known or unknown to the Borrower, which may have arisen in connection
with the Credit Agreement or the actions or omissions of the Bank related to the Credit
Agreement on or prior to the date hereof. The Borrower acknowledges and agrees that this
agreement is limited to the terms outlined above, and shall not be construed as an agreement
to change any other terms or provisions of the Credit Agreement. This agreement shall not
establish a course of dealing or be construed as evidence of any willingness on the Bank’s
part to grant other or future agreements, should any be requested.






	8.	 	NOT A NOVATION. This agreement is a modification only and not a novation. Except for the
above-quoted modification(s), the Credit Agreement, any loan agreements, credit agreements,
reimbursement agreements, security agreements, mortgages, deeds of trust, pledge agreements,
assignments, guaranties, instruments or documents executed in connection with the Credit
Agreement, and all the terms and conditions thereof, shall be and
remain in full force and effect




 









 











with the changes herein deemed to be incorporated therein. This agreement is to be
considered attached to the Credit
Agreement and made a part thereof. This agreement shall not release or affect the liability
of any guarantor of any promissory note or credit facility executed in reference to the
Credit Agreement or release any owner of collateral granted as security for the Credit
Agreement. The validity, priority and enforceability of the Credit Agreement shall not be
impaired hereby. To the extent that any provision of this agreement conflicts with any term
or condition set forth in the Credit Agreement, or any document executed in conjunction
therewith, the provisions of this agreement shall supersede and control. The Bank expressly
reserves all rights against all parties to the Credit Agreement.



	 	 	 	 	 	 	 	 	 
	 	 	Borrower:	 	 	 	 
	 	 	Harris Interactive Inc.	 	 	 	 
	 
	 

	 	By:
	 	/s/ Ronald E. Salluzzo
	 	CFO
	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Authorized Signer
	 	Title	 	 
	 
	 	 	 	Date Signed:     July 20, 2007	 	 	 	 
	 	 	 	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Bank:	 	 	 	 	 	 
	 	 	JPMorgan Chase Bank, N.A.	 	 	 	 
	 
	 

	 	By:
	 	/s/ James Stanbrough	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	James Stanbrough
	 	VP	 	 
	 	 	 	 	 	 	 
	 

	 	 
	 	Printed Name
	 	Title	 	 
	 
	 	 	 	Date Signed:    July 23, 2007	 	 	 	 
	 	 	 	 	 
	 	 







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