FIRST
AMENDMENT


     

    THIS
FIRST AMENDMENT (this “Amendment”) dated as
of December 11, 2008 to the Credit Agreement referenced below is by and among
the Borrowers identified on the signature pages hereto (the “Borrowers”), the
Guarantor identified on the signature pages hereto (the “Guarantor”), the
Lenders identified on the signature pages hereto and Bank of America, N.A., as
Administrative Agent (in such capacity, the “Administrative
Agent”).

    


    WITNESSETH

    


    WHEREAS, credit facilities have been
extended to the Borrowers pursuant to the Amended and Restated Credit Agreement
(as amended, modified, supplemented, increased and extended from time to time,
the “Credit
Agreement”) dated as of July 29, 2005 among the Borrowers, the Lenders
identified therein and the Administrative Agent;

    


    WHEREAS, the Guarantor guaranteed the
obligations of the Borrowers under the Credit Agreement pursuant to the Amended
and Restated Guaranty dated as of August 31, 2005 between the Guarantor and the
Administrative Agent; and

    


    WHEREAS, the Borrowers have requested
certain modifications to the Credit Agreement and all the Lenders have agreed to
the requested modifications on the terms and conditions set forth
herein.

    


    NOW, THEREFORE, IN CONSIDERATION of the
premises and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as
follows:

    


    1.            Defined
Terms.  Capitalized terms used herein but not otherwise defined
herein shall have the meanings provided to such terms in the Credit
Agreement.

    


    2.            Amendments.  The
Credit Agreement is amended as follows:

    


    2.1          The
definition of “Asset Coverage Ratio” in Section 1.1 is deleted.

    


    2.2          The
definition of “Fixed Charge Coverage Ratio” in Section 1.1 is amended to read as
follows:

    


    “Fixed Charge Coverage
Ratio” means the ratio of (a) EBITDA minus income tax expense, to (b) the
sum of interest expense, plus the current
portion of long term liabilities, plus capital
expenditures and plus Restricted
Payments (excluding any payment for the repurchase of the capital stock of
MICROS) paid in cash.

    


    2.3          In
the definition of “Foreign Borrowers” in Section 1.1, the phrase “any other
Person that becomes a “Borrower” under the Foreign Credit Facility” is added
immediately prior to “and their respective successors and assigns”.

    


    2.4          The
definition of “Maturity Date” in Section 1.1 is amended to read as
follows:

    


    “Maturity Date” means
the later of (a) July 31, 2010 and (b) if maturity is extended pursuant to
Section 2.13,
such extended maturity date as determined pursuant to such Section 2.13.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2.5          The
definition of “Swing Line Sublimit” in Section 1.1 is amended to read as
follows:

    


    “Swing Line Sublimit”
means an amount equal to ten percent (10%) of the Aggregate Commitments; provided that the
Borrowers may decrease and thereafter from time to time increase and decrease
the amount of the Swing Line Sublimit upon three Business Days prior written
notice from Micros to the Swing Line Lender and the Administrative Agent
provided that the amount of the Swing Line Sublimit shall not at any time exceed
ten percent (10%) of the Aggregate Commitments.  The Swing Line
Sublimit is part of, and not in addition to, the Aggregate
Commitments.

    


    2.6          The
following definitions are added to Section 1.1:

    


    “Liquidity” means, as
of any date of determination, an amount equal to the sum of (a) the Aggregate
Commitments less the Total
Outstandings plus (b) cash and
cash equivalents of the Loan Parties.

    


    “Permitted
Acquisition” means an acquisition by a Borrower provided that (a) a
Borrower is the surviving entity, (b) in the case of an acquisition of the
equity interests of another Person, the board of directors (or other comparable
governing body) of such other Person shall have duly approved such acquisition,
(c) if the aggregate consideration for such acquisition exceeds $75 million,
Borrower shall have furnished financial projections to the Administrative Agent
in form and detail reasonably acceptable to the Administrative Agent
demonstrating that, after giving effect to such acquisition (and the incurrence
of any Debt in connection therewith) on a Pro Forma Basis Borrower would be in
compliance with the financial covenants set forth in Section 6.12 for each of
the next four fiscal quarters, and (d) after giving effect to such acquisition
(and the incurrence of any Debt in connection therewith) on a Pro Forma Basis
(i) no Default or Event of Default shall exist, (ii) the ratio of Domestic Debt
to EBITDA of Borrower and all domestic Affiliates shall not exceed 1.75:1.0 as
of the end of the most recent fiscal quarter for which Borrower has delivered
financial statements pursuant to Section 6.1(a) or
(b), and (iii)
Liquidity exceeds $25 million.

    


    “Pro Forma Basis”
means, with respect to any transaction (including, without limitation, any
Restricted Payment), that such transaction shall be deemed to have occurred as
of the first day of the most recent four fiscal quarter period preceding the
date of such transaction for which the Borrowers were required to deliver
financial statements pursuant to Section 6.1(a) or
(b).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2.7          Section
2.1(b) is amended to read as follows:

    


    (b)           The
Borrower may, at its option, not more than once per calendar quarter, elect to
increase the Aggregate Commitments, provided that (i) the
Borrower shall give ten (10) Business Days prior written notice to the
Administrative Agent of such election; (ii) the Borrower shall decrease the
Foreign Credit Facility Aggregate Commitments on a dollar for dollar basis
concurrent with the effective date of such increase; (iii) each of the
conditions precedent set forth in Section 4.2 shall be satisfied as of the
effective date of such increase; (iv) the aggregate amount of the Aggregate
Commitments and the Foreign Credit Facility Aggregate Commitments shall not
exceed $65,000,000 (less (x) the amount of any prior reduction in the Aggregate
Commitments pursuant to Section 2.6 and (y)
the amount of any prior reduction in the Foreign Credit Facility Aggregate
Commitments pursuant to Section 2.6 of the credit agreement for the Foreign
Credit Facility); (v) such increase shall be in a minimum amount of $5,000,000
and in integral multiples of $1,000,000 in excess thereof; (vi) such requested
increase shall only be effective upon receipt by the Administrative Agent of (A)
additional Commitments in a corresponding amount of such increase from either
existing Lenders and/or one or more other institutions that qualify as Eligible
Assignees (it being understood and agreed that no existing Lender shall be
required to provide an additional Commitment) and (B) documentation from each
institution providing an additional Commitment evidencing its additional
Commitment and its obligations under this Agreement in form and substance
reasonably acceptable to the Administrative Agent including, without limitation,
Notes evidencing each Lender’s Pro Rata Share of the Aggregate Commitments as
increase; and (vii) if any Loans are outstanding at the time of the increase in
the Aggregate Commitments, the Borrower shall, if applicable and notwithstanding
any provision in any Loan Document requiring the application of payments or
prepayments on a pro rata basis, including, without limitation, Section 2.12,
prepay one or more existing Loans (such prepayment to be subject to Section 3.5)
in an amount necessary such that after giving effect to the increase in the
Aggregate Commitments, each Lender will hold its pro rata share (based on its
Pro Rata Share of the increased Aggregate Commitments) of outstanding
Loans.

    


    2.8          Section
6.2(e) is amended to read

    


    (e)           [Reserved];

    


    2.9          Section
6.2(i) is amended to read as follows:

    


    (i)           as
soon as available, but in no event later than ninety (90) days after the end of
each fiscal year of Borrower, a schedule of account receivable
agings.

    


    2.10        Section
6.12 (c) is deleted.

    


    2.11        In
Section 7.2 clauses (e) and (f) are renumbered as clauses (f) and (g), and a new
clause (e) is added thereto to read as follows:

    


    (e)           Permitted
Acquisitions;

    


    2.12        Clause
(iv) of Section 7.3(d) is amended to read as follows:

    


    (iv)         the
foreign exchange exposure under such Swap Contract does not exceed $20,000,000
as determined by Administrative Agent in its sole discretion

    


    2.13        Section
7.4(c) is amended to read as follows:

    


    (c)           a
Borrower may acquire another Person or merge or consolidate with or into,
another Person, provided that such acquisition, merger or consolidation is a
Permitted Acquisition.

    


    2.14        Section
7.6(e) is amended to read as follows:

    


    (e)           Borrower
and its Subsidiaries may make Restricted Payments in cash provided that after
giving effect to such Restricted Payment (and the incurrence of any Domestic
Debt in connection therewith) on a Pro Forma Basis (i) no Default or Event of
Default shall exist, (ii) the ratio of Domestic Debt to EBITDA of Borrower and
all domestic Affiliates shall not exceed 1.75:1.0 as of the end of the most
recent fiscal quarter for which Borrower has delivered financial statements
pursuant to Section
6.1(a) or (b), and (iii)
Liquidity exceeds $25 million.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2.15        Clause
(i) of Section 8.1(a) is amended to read as follows:

    


    (i) when
required to be paid herein, any amount of principal or any Loan, or any L/C
Obligation,

    


    2.16        In
Exhibit D Section III of Schedule 2 is deleted.

    


    3.           
Conditions
Precedent.  This Amendment shall be effective as of the date
hereof upon the satisfaction of the following conditions:

    


    (a)           execution
of this Amendment by the Loan Parties and all the Lenders;

    


    (b)           receipt
by the Administrative Agent of a certificate of an officer of each Loan Party
certifying that the resolutions of the board of directors of such Loan Party
delivered at the closing of the Credit Agreement have not been rescinded or
modified and remain in full force; and

    


    (c)           the
receipt by the Administrative Agent, for the account of each Lender that
executes this Amendment, an amendment fee equal to twenty-five basis points
(0.25%) on the amount of such Lender’s Commitment.

    


    4.           
Reaffirmation of
Obligations.  Each Loan Party (a) acknowledges and consents to
all of the terms and conditions of this Amendment, (b) affirms all of its
obligations under the Loan Documents and (c) agrees that this Amendment and all
documents executed in connection herewith do not operate to reduce or discharge
such Loan Party’s obligations under the Loan Documents.

    


    5.            Reaffirmation of Security
Interests.  Each Loan Party (i) affirms that each of the Liens
granted in or pursuant to the Loan Documents are valid and subsisting and (ii)
agrees that this Amendment shall in no manner impair or otherwise adversely
effect any of the Liens granted in or pursuant to the Loan
Documents.

    


    6.            No Other
Changes.  Except as modified hereby, all of the terms and
provisions of the Loan Documents shall remain in full force and
effect.

    


    7.            Counterparts; Facsimile
Delivery.  This Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed an
original and it shall not be necessary in making proof of this Amendment to
produce or account for more than one such counterpart. Delivery of an executed
counterpart of this Amendment by facsimile or other electronic imaging means
shall be effective as an original.

    


    8.            Governing
Law.  This Amendment shall be deemed to be a contract made
under, and for all purposes shall be construed in accordance with, the laws of
the State of Maryland.

    


    [Signature
Pages Follow]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    IN WITNESS WHEREOF, each of the parties
hereto has caused a counterpart of this First Amendment to be duly executed and
delivered as of the date first above written.

    


    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    	
                                            BORROWERS:

                                          	
                                            MICROS
      SYSTEMS, INC., a Maryland corporation

                                          
	 
      	
                                            DV
      TECHNOLOGY HOLDINGS CORPORATION, a Delaware corporation

                                          
	 
      	
                                            DATAVANTAGE
      CORPORATION, an Ohio corporation

                                          
	 
      	
                                            MICROS
      FIDELIO NEVADA, LLC, a Nevada limited liability company

                                          
	 
      	
                                            MSI
      DELAWARE, LLC, a Delaware limited liability company

                                          
	 
      	
                                            MICROS-FIDELIO
      WORLDWIDE, INC., a Nevada corporation

                                          
	 
      	
                                            JTECH
      COMMUNICATIONS, INC., a Delaware corporation

                                          
	 
      	 
      	 
      
	 
      	
                                            By:

                                          	 	 
      
	 
      	
                                            Name:

                                          	
                                            Gary
      Kaufman

                                          
	 
      	
                                            Title:

                                          	
                                            Executive
      Vice President and

                                          
	 
      	 
      	
                                            Chief
      Financial Office of each of the Borrowers

                                          
	 
      	 
      	 
      
	
                                            GUARANTOR:

                                          	
                                            MICROS-FIDELIO
      (IRELAND) LTD,

                                          
	 
      	
                                            a
      corporation organized under the laws of Ireland

                                          
	 
      	 
      	 
      
	
                                             

                                          	      
                                            By: 

                                          	 	 
      
	 
      	
                                            Name:

                                          	
                                            Gary
      Kaufman

                                          
	 
      	
                                            Title:

                                          	
                                            Director

                                          
	 
      	 
      	 
      
	
                                            ADMINISTRATIVE

                                          	 
      	 
      
	
                                            AGENT:

                                          	
                                            BANK
      OF AMERICA, N.A., as Administrative Agent

                                          
	 
      	 
      	 
      
	 
      	
                                            By:

                                          	 	 
      
	 
      	
                                            Name:

                                          	 
      
	 
      	
                                            Title:

                                          	 
      
	 
      	 
      	 
      
	
                                            LENDERS:

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

                                          
	 
      	 
      	 
      
	 
      	
                                            By:

                                          	 	 
      
	 
      	
                                            Name:

                                          	 
      
	 
      	
                                            Title:

                                          	 
      
	 
      	 
      	 
      
	 
      	
                                            WACHOVIA
      BANK, NATIONAL ASSOCIATION

                                          
	 
      	 
      	 
      
	 
      	
                                            By:

                                          	 	 
      
	 
      	
                                            Name:

                                          	 
      
	 
      	
                                            Title:

                                          	 
      
	 
      	 
      	 
      
	 
      	
                                            U.S.
      BANK NATIONAL ASSOCIATION

                                          
	 
      	 
      	 
      
	 
      	
                                            By:

                                          	 	 
      
	 
      	
                                            Name: 

                                          	 
      
	 
      	
                                            Title: