Document:

EX-10.1

Exhibit 10.1

	 
	 

	Credit Agreement

This agreement dated as of August 15, 2006 between JPMorgan Chase Bank, N.A. (together with
its successors and assigns, the “Bank”), whose address is 1 Chase Square, 9th Floor, Rochester, NY
14643, and Harris Interactive Inc. (whether one or more, and if more than one, individually and
collectively, the “Borrower”), whose address is 135 Corporate Woods, Rochester, NY 14623.

	1.	 	Credit Facilities.

	 	1.1	 	Scope. This agreement governs Facility A, and, unless otherwise agreed to in
writing by the Bank and the Borrower or prohibited by applicable law, governs the Credit
Facilities as defined below.

	 	1.2	 	Facility A (Line of Credit). The Bank has approved a credit facility to the
Borrower in the principal sum not to exceed $15,000,000.00 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. The proceeds of Facility A shall be used for the following
purpose: For working capital and other purposes.

Commitment Fee. The Borrower shall pay to the Bank a commitment fee calculated on the
average daily unused portion of Facility A at a rate of 0.05% per annum, payable in
arrears within ninety (90) days of the end of each calendar quarter for which the fee
is owing. The Bank may begin to accrue the foregoing fee on the date the Borrower
signs or otherwise authenticates this agreement.

Letter of Credit Sub-Limit. At any time the Borrower is entitled to an advance under
Facility A, the Bank agrees to issue letters of credit (all letters of credit issued
for the account of the Borrower which are outstanding on the date of the Line of
Credit Note and any letter of credit issued under this agreement, whether for the
account of the Borrower or for which the Borrower is the applicant/obligor, together
with any and all amendments, modifications, renewals, extensions, increases,
restatements and rearrangements of and substitutions and replacements for, any of the
foregoing, a “Letter of Credit” or “Letters of Credit”) for the account and/or upon
the application of the Borrower in an amount not in excess of the maximum advance that
the Borrower would then be entitled to obtain under Facility A, provided that (a) the
aggregate maximum amount which is drawn and remains unreimbursed under all Letters of
Credit plus the aggregate maximum available amount which may be drawn under all
Letters of Credit which are outstanding at any time (the “L/C Obligations”), shall not
exceed $15,000,000.00, (b) the issuance of any Letter of Credit with an expiration
date beyond the maturity date of the Line of Credit Note shall be entirely at the
discretion of the Bank, (c) any Letter of Credit shall be a standby letter of credit
and the form of the requested Letter of Credit shall be satisfactory to the Bank, in
the Bank’s sole discretion, and (d) the Borrower shall have executed an application
and reimbursement agreement for any Letter of Credit in the Bank’s standard form.
While any Letter of Credit is outstanding, the maximum amount of advances that may be
outstanding under the Line of Credit Note shall be automatically reduced by the L/C
Obligations. The Borrower shall pay the Bank a fee for each standby letter of credit
that is issued, calculated at the rate of 0.75% per annum of the original maximum
amount available of such standby Letter of Credit, with the fee being calculated on
the basis of a 360-day year and the actual number of days in the period during which
the standby Letter of Credit will be outstanding; provided, however, that such fee
shall not be less than $350.00 for each letter of credit. The fee shall be due
quarterly in arrears for each fiscal quarter during which each Letter of Credit is
outstanding, and no credit shall be given for fees paid due to early termination of
any Letter of Credit. The Borrower shall also pay the Bank’s standard transaction fees
with respect to any transactions occurring on an account of any Letter of Credit. Each
fee shall be payable when the related letter of credit is issued, and transaction fees
shall be payable upon completion of the transaction as to which they are charged. All
fees may be debited by the Bank to any deposit account of the Borrower carried with
the Bank without further authority and, in any event, shall be paid by the Borrower
within ten (10) days following billing. The Bank is authorized, but not obligated to
make an advance under the Line of Credit Note without notice to the Borrower, to make
payment on a drawing under any Letter of Credit. The aggregate principal amount of
advances outstanding at any one time under the Facility A plus the aggregate amount of
L/C Obligations outstanding at any time (the “Aggregate Outstanding Amount”) shall not
exceed the maximum amount of Facility A. If the Aggregate Outstanding Amount still
exceeds the maximum amount of Facility A after the Line of Credit Note balance is
reduced to zero (that is, L/C Obligations exceed the maximum amount of Facility A),
the Borrower shall provide cash collateral to the Bank for the L/C Obligations in an
amount sufficient to eliminate the excess. In the event that a Letter of Credit or
Letters of Credit are payable in a currency other than US Dollars, and as a result of
fluctuations in the exchange rate for such currency into US Dollars, the Aggregate
Outstanding Amount as determined by the Bank in its sole discretion) exceeds the
maximum amount of Facility A, the Borrower shall immediately upon demand by the Bank
repay an aggregate amount equal to such excess, or, at the Bank’s discretion provide
cash collateral to the Bank for the L/C Obligations in an amount sufficient to
collateralize the excess.

	2.	 	Definitions. As used in this agreement, the following terms have the following respective
meanings:

	 	2.1	 	“Credit Facilities” means all extensions of credit from the Bank to the Borrower,
whether now existing or hereafter arising, including but not limited to those described
in Section 1 and those extended contemporaneously with this agreement.

	 	2.2	 	“Liabilities” means all debts, obligations, indebtedness and liabilities of every
kind and character of the Borrower to the Bank, whether individual, joint and several,
contingent or otherwise, now or hereafter existing in favor of the Bank, including,
without limitation, all liabilities, interest, costs and fees, arising under or from any
note, open account, overdraft, credit card, lease, Rate Management Transaction, letter
of credit application, endorsement, surety agreement, guaranty, acceptance, foreign
exchange contract or depository service contract, whether payable to the Bank or to a
third party and subsequently acquired by the Bank, any monetary obligations (including
interest) incurred or accrued during the pendency of any bankruptcy, insolvency,
receivership or other similar proceedings, regardless of whether allowed or allowable in
such proceeding, and all renewals, extensions, modifications, consolidations,
rearrangements, restatements, replacements or substitutions of any of the foregoing. The
term “Rate Management Transaction” in this agreement means any transaction (including an
agreement with respect thereto) that is a rate swap, basis swap, forward rate
transaction, commodity swap, commodity option, equity or equity index swap, equity or
equity index option, bond option, interest rate option, foreign exchange transaction,
cap transaction, floor transaction, collar transaction, forward transaction, currency
swap transaction, cross-currency rate swap transaction, currency option, derivative
transaction or any other similar transaction (including any option with respect to any
of these transactions) or any combination thereof, whether linked to one or more
interest rates, foreign currencies, commodity prices, equity prices or other financial
measures.

	 	2.3	 	“Material Adverse Effect” means a material adverse effect on (a) the business,
assets, operations, prospects or condition, financial or otherwise, of the Borrower and
its Subsidiaries [taken as a whole], (b) the ability of the Borrower to perform any of
its obligations under the Related Documents to which it is a party, or (c) the rights of
or benefits available to the Bank thereunder.

	 	2.4	 	“Notes” means all promissory notes, instruments and/or contracts evidencing the
terms and conditions of any of the Credit Facilities.

	 	2.5	 	“Affiliate” means any person, corporation or other entity directly or indirectly
controlling, controlled by or under common control with the Borrower and any director or
officer of the Borrower or any Subsidiary of the Borrower.

	 	2.6	 	“Subsidiary” means, as to a particular person, any entity of which fifty (50%) or
more of the indicia of equity rights is at the time of determination directly or
indirectly owned by the person or by one or more persons controlled by, controlling or
under common control with the person.

	 	2.7	 	“Related Documents” means the Notes, Letters of Credit, all loan agreements,
credit agreements, reimbursement agreements, and any other instrument or document
executed in connection with this agreement or in connection with any of the Liabilities.

	3.	 	Conditions Precedent to Extensions of Credit.

	 	3.1	 	Conditions Precedent to Initial Extension of Credit under each of the Credit
Facilities. Before the first extension of credit governed by this agreement, whether by
disbursement of a loan, issuance of a letter of credit, or otherwise, the Borrower shall
deliver to the Bank, in form and substance satisfactory to the Bank:

A. Loan Documents. The Notes, and as applicable, the letter of credit applications,
reimbursement agreements, and any other documents which the Bank may reasonably
require to give effect to the transactions described in this agreement or the other
Related Documents;

B. Evidence of Due Organization and Good Standing. Evidence, satisfactory to the Bank,
of the due organization, valid existence and good standing of the Borrower and every
other business entity that is a party to this agreement or any other Related Document;
and

C. Evidence of Authority to Enter into Loan Documents. Evidence that (i) each party to
this agreement and any other document required by this agreement is authorized to
enter into the transactions described in this agreement and the other Related
Documents, and (ii) the person signing on behalf of each party is authorized to do so.

	 	3.2	 	Conditions Precedent to Each Extension of Credit. Before any extension of credit
governed by this agreement, whether by disbursement of a loan, issuance of a letter of
credit or otherwise, the following conditions must be satisfied:

A. Representations. The representations of the Borrower are true on and as of the date
of the request for and funding of the extension of credit;

B. No Event of Default. No default has occurred in any provision of this agreement,
the Notes or any other Related Documents and is continuing or would result from the
extension of credit, and no event has occurred which would constitute the occurrence
of any default but for the lapse of time until the end of any grace or cure period;

C. Additional Approvals, Opinions, and Documents. The Bank has received any other
approvals, opinions and documents as it may reasonably request; and

D. No Prohibition or Onerous Conditions. The making of the extension of credit is not
prohibited by or subjects the Bank to any penalty or onerous condition under any law,
ordinance, decree, requirement, order, judgment, rule, regulation (or interpretation
of any of the foregoing), foreign governmental authority, the United States of
America, any state thereof and any political subdivision of any of the foregoing and
any agency, department, commission, board, bureau, court or other tribunal having
jurisdiction over the Bank or the Borrower, or any Subsidiary of the Borrower or their
respective properties.

	4.	 	Affirmative Covenants. The Borrower agrees to do, and cause each of its Subsidiaries to do,
each of the following:

	 	4.1	 	Insurance. Maintain insurance with financially sound and reputable insurers
covering its properties and business against those casualties and contingencies and in
the types and amounts as are in accordance with sound business and industry practices.

	 	4.2	 	Existence. Maintain its existence and business operations as presently in effect
in accordance with all applicable laws and regulations, pay its debts and obligations
when due under normal terms, and pay on or before their due date, all taxes,
assessments, fees and other governmental monetary obligations, except as they may be
contested in good faith if they have been properly reflected on its books.

	 	4.3	 	Financial Records. Maintain proper books and records of account, in accordance
with generally accepted accounting principles, and consistent with financial statements
previously submitted to the Bank.

	 	4.4	 	Inspection. Permit the Bank (i) to inspect and copy the Borrower’s business
records, upon reasonable request and notice and at reasonable times during normal
business hours at such intervals as the Bank may reasonably require, but prior to an
event of default, no more frequently than once annually, and (ii) to discuss the
Borrower’s business, operations, and financial condition with the Borrower’s officers
and accountants.

	 	4.5	 	Financial Reports. Furnish to the Bank:

A. Within ninety (90) days after each quarterly period, the consolidated, if
applicable, balance sheet as of the end of that period and statements of income, cash
flow and retained earnings, from the beginning of that fiscal year to the end of that
period, certified as correct by one of its authorized agents.

B. Within one hundred and twenty (120) days after and as of the end of each of its
fiscal years, a detailed consolidated, if applicable, financial statement including a
balance sheet and statements of income, cash flow and retained earnings, such
financial statement, to be audited by an independent certified public accountant of
recognized standing acceptable to the Bank in the Bank’s sole discretion.

C. Via either the EDGAR System or its Home Page, within five (5) days after the filing
of its Annual Report on Form 10-K for the fiscal year then ended with the Securities
and Exchange Commission, but no event later than one hundred twenty (120) days after
the end of such fiscal year, the financial statements for such fiscal year as
contained in such Annual Report on Form 10-K and, as soon as it shall become
available, the annual report to shareholders of the Borrower for the fiscal year then
ended.

D. Via either the EDGAR System or its Home Page, within five (5) days after the filing
of its Quarterly Report on Form 10-Q for the fiscal quarter then ended with the
Securities and Exchange Commission, but no event later than ninety (90) days after the
end of such fiscal quarter, copies of the financial statements for such fiscal quarter
as contained in such Quarterly Report on Form 10-Q, and, as soon as it shall become
available, a quarterly report to shareholders of the Borrower for the fiscal quarter
then ended.

E. Via either the EDGAR System or its Home Page, promptly after the same become
publicly available, copies of all periodic and other reports, proxy statements and
other materials filed by the Borrower or any Subsidiary with the Securities and
Exchange Commission or any governmental authority succeeding to any or all of the
functions of said Commission.

If for any reason the EDGAR System and/or its Home Page are not available to the
Borrower as is required for making available the financial statements or reports
referred to above, the Borrower shall then furnish a copy of such financial statements
or reports to the Bank.

For the purposes of this section, “EDGAR System” means the Electronic Data Gathering
Analysis and Retrieval System owned and operated by the United States Securities and
Exchange Commission or any replacement system, and “Home Page” means the Borrower’s
corporate home page on the World Wide Web accessible through the Internet via the
universal resource locator (URL) identified as “www.harrisinteractive.com” or such
other universal resource locator that the Borrower shall designate in writing to the
Bank as its corporate home page on the World Wide Web.

	 	4.6	 	Notices of Claims, Litigation, Defaults, etc. Promptly inform the Bank in writing
of (1) all existing and all threatened litigation, claims, investigations,
administrative proceedings and similar actions affecting the Borrower which could have a
Material Adverse Effect; (2) the occurrence of any event which gives rise to the Bank’s
option to terminate the Credit Facilities; and (3) any alleged breach of any provision
of this agreement or of any other agreement related to the Credit Facilities by the
Bank.

	 	4.7	 	Other Agreements. Comply with all terms and conditions of all other agreements,
whether now or hereafter existing, between the Borrower and any other party unless any
failure of compliance would not have a Material Adverse Effect.

	 	4.8	 	Title to Assets and Property. Maintain good and marketable title to all of the
Borrower’s assets and properties.

	 	4.9	 	Additional Assurances. Promptly make, execute and deliver any and all agreements,
documents, instruments and other records that the Bank may request to evidence any of
the Credit Facilities, cure any defect in the execution and delivery of any of the
Related Documents, comply with legal requirements applicable to the Bank or the Credit
Facilities or more fully to describe particular aspects of the agreements set forth or
intended to be set forth in any of the Related Documents.

	 	4.10	 	Employee Benefit Plans. Maintain each employee benefit plan as to which the
Borrower may have any liability, in compliance with all applicable requirements of law
and regulations unless any failure of compliance would not have a Material Adverse
Effect.

	5.	 	Negative Covenants.

	 	5.1	 	Unless otherwise noted, the financial requirements set forth in this section will
be computed in accordance with generally accepted accounting principles applied on a
basis consistent with financial statements previously submitted by the Borrower to the
Bank.

	 	5.2	 	Without the written consent of the Bank, the Borrower will not:

A. Liens. Create or permit to exist any lien on, or make any pledge or assignment of,
any of its Accounts, Payment Intangibles, or other General Intangible relating to
claims for the payment of money, whether now owned or hereafter acquired and all cash
and non-cash Proceeds thereof (the “Property”), all as defined in Article 9 of the New
York Uniform Commercial Code. The Borrower covenants, represents and warrants to the
Bank that the following statements are and will remain true until the Liabilities are
paid in full: (a) the Borrower has disclosed to the Bank in writing any location(s)
where all business records pertaining to, and any tangible evidence of, the Property
may be located; (b) the Property is free and clear of all encumbrances, liens,
pledges, assignments, mortgages, deeds of trusts and security interests, and the
Borrower has not executed or recorded, or permitted others to execute or record, any
security documents or financing statements or similar records relating to any of the
Property (except, if applicable, to the Bank); and (c) all of the Property is titled
in the Borrower’s legal name.

B. Use of Proceeds. Use, or permit any proceeds of the Credit Facilities to be used,
directly or indirectly, for the purpose of (i) “purchasing or carrying any margin
stock” within the meaning of Federal Reserve Board Regulation U. At the Bank’s
request, the Borrower will furnish a completed Federal Reserve Board Form U-1 or (ii)
acquisition financing.

C. Continuity of Operations. (1) Engage in any business activities which substantially
change the nature of the buisiness in which the Borrower is presently engaged, taken
as a whole; (2) cease operations, liquidate, merge, acquire or consolidate with any
other entity (unless the Borrower is the surviving entity in such a merger,
acquisition or consolidation), change its name, dissolve, or sell a material part of
its assets out of the ordinary course of business which sale would have a Material
Adverse Effect.

D. Conflicting Agreements. Enter into any agreement containing any provision which
would be violated or breached by the performance of the Borrower’s obligations under
this agreement or any of the other Related Documents.

E. Government Regulation. (1) Be or become subject at any time to any law, regulation,
or list of any government agency (including, without limitation, the U.S. Office of
Foreign Asset Control list) that prohibits or limits Bank from making any advance or
extension of credit to Borrower or from otherwise conducting business with Borrower,
or (2) fail to provide documentary and other evidence of Borrower’s identity as may be
requested by Bank at any time to enable Bank to verify Borrower’s identity or to
comply with any applicable law or regulation, including, without limitation, Section
326 of the USA Patriot Act of 2001, 31 U.S.C. Section 5318.

	6.	 	Representations and Warranties by the Borrower. To induce the Bank to enter into this
agreement and to extend credit or other financial accommodations under the Credit Facilities,
the Borrower represents and warrants as of the date of this agreement and as of the date of
each request for credit under the Credit Facilities that each of the following statements is
and shall remain true and correct throughout the term of this agreement and until all Credit
Facilities and all amounts owing under the Notes and other Related Documents are paid in full.
The Borrower represents that: (a) the execution and delivery of this agreement and the Notes,
and the performance of the obligations they impose, do not violate any law, conflict in any
material way with any agreement by which it is bound, or require the consent or approval of
any governmental authority or other third party, (b) this agreement and the Notes are valid
and binding agreements, enforceable according to their terms, (c) all balance sheets, profit
and loss statements, and other financial statements and other information furnished to the
Bank in connection with the Liabilities are accurate and fairly reflect the financial
condition of the organizations and persons to which they apply on their effective dates,
including contingent liabilities of every type, which financial condition has not changed
materially and adversely since those dates, (d) no litigation, claim, investigation,
administrative proceeding or similar action (including those for unpaid taxes) against the
Borrower which would have a Material Adverse Effect is pending or threatened, and no other
event has occurred which may in any one case or in the aggregate materially adversely affect
the Borrower’s financial condition and properties, other than litigation, claims, or other
events, if any, that have been disclosed to and acknowledged by the Bank in writing, (e) all
of the Borrower’s tax returns and reports that are or were required to be filed, have been
filed, and all taxes, assessments and other governmental charges have been paid in full,
except those presently being contested by the Borrower in good faith and for which adequate
reserves have been provided, (f) the Borrower is not an “investment company” or a company
“controlled” by an “investment company”, within the meaning of the Investment Company Act of
1940, as amended, (g) the Borrower is not a “holding company”, or a “subsidiary company” of a
“holding company” or an “affiliate” of a “holding company” or of a “subsidiary company” of a
“holding company” within the meaning of the Public Utility Holding Company Act of 1935, as
amended, (h) there are no defenses or counterclaims, offsets or adverse claims, demands or
actions of any kind, personal or otherwise, that the Borrower could assert with respect to
this agreement or the Credit Facilities, (i) the Borrower owns, or is licensed to use, all
trademarks, trade names, copyrights, technology, know-how and processes necessary for the
conduct of its business as currently conducted, the absence of ownership or licenses of which
would have a Material Adverse Effect, and (j) no part of the proceeds of the Credit Facilities
will be used for “purchasing” or “carrying” any “margin stock” within the respective meanings
of each of the quoted terms under Regulation U of the Board of Governors of the Federal
Reserve System of the United States (the “Board”) as now and from time to time hereafter in
effect or for any purpose which violates the provisions of any regulations of the Board. The
Borrower, other than a natural person, further represents that: (a) it is duly organized and
validly existing under the laws of the state where it is organized and is in good standing in
its state of organization and each state where it is doing business, and (b) the execution and
delivery of this agreement and the Notes and the performance of the obligations they impose
(i) are within its powers, (ii) have been duly authorized by all necessary action of its
governing body, and (iii) do not contravene the terms of its articles of incorporation or
organization, its by-laws, or any partnership, operating or other agreement governing its
affairs.

	7.	 	Default/Remedies. If any of the Credit Facilities are not paid at maturity, whether by
acceleration or otherwise, or if a default by anyone occurs under the terms of this agreement,
the Notes or any other Related Documents, then the Bank shall have all of the rights and
remedies provided by any law, equity or agreement.

	8.	 	Miscellaneous.

	 	8.1	 	Notice. Any notices and demands under or related to this document shall be in
writing and delivered to the intended party at its address stated herein, and if to the
Bank, at its main office if no other address of the Bank is specified herein, by one of
the following means: (a) by hand, (b) by a nationally recognized overnight courier
service, or (c) by certified mail, postage prepaid, with return receipt requested.
Notice shall be deemed given: (a) upon receipt if delivered by hand, (b) on the Delivery
Day after the day of deposit with a nationally recognized courier service, or (c) on the
third Delivery Day after the notice is deposited in the mail. “Delivery Day” means a day
other than a Saturday, a Sunday or any other day on which national banking associations
are authorized to be closed. Any party may change its address for purposes of the
receipt of notices and demands by giving notice of such change in the manner provided in
this provision.

	 	8.2	 	No Waiver. No delay on the part of the Bank in the exercise of any right or
remedy waives that right or remedy. No single or partial exercise by the Bank of any
right or remedy precludes any other future exercise of it or the exercise of any other
right or remedy. No waiver or indulgence by the Bank of any default is effective unless
it is in writing and signed by the Bank, nor shall a waiver on one occasion bar or waive
that right on any future occasion.

	 	8.3	 	Integration. This agreement, the Notes, and the other Related Documents to the
Credit Facilities embody the entire agreement and understanding between the Borrower and
the Bank and supersede all prior agreements and understandings relating to their subject
matter. If any one or more of the obligations of the Borrower under this agreement or
the Notes is invalid, illegal or unenforceable in any jurisdiction, the validity,
legality and enforceability of the remaining obligations of the Borrower shall not in
any way be affected or impaired, and the invalidity, illegality or unenforceability in
one jurisdiction shall not affect the validity, legality or enforceability of the
obligations of the Borrower under this agreement, the Notes and the other Related
Documents in any other jurisdiction.

	 	8.4	 	Joint and Several Liability. Each party executing this agreement as the Borrower
is individually, jointly and severally liable under this agreement.

	 	8.5	 	Governing Law and Venue. This agreement shall be governed by and construed in
accordance with the laws of the State of New York (without giving effect to its laws of
conflicts). The Borrower agrees that any legal action or proceeding with respect to any
of its obligations under this agreement may be brought by the Bank in any state or
federal court located in the State of New York, as the Bank in its sole discretion may
elect. By the execution and delivery of this agreement, the Borrower submits to and
accepts, for itself and in respect of its property, generally and unconditionally, the
non-exclusive jurisdiction of those courts. The Borrower waives any claim that the State
of New York is not a convenient forum or the proper venue for any such suit, action or
proceeding.

	 	8.6	 	Captions. Section headings are for convenience of reference only and do not
affect the interpretation of this agreement.

	 	8.7	 	Survival of Representations and Warranties. The Borrower understands and agrees
that in extending the Credit Facilities, the Bank is relying on all representations,
warranties, and covenants made by the Borrower in this agreement or in any certificate
or other instrument delivered by the Borrower to the Bank under this agreement. The
Borrower further agrees that regardless of any investigation made by the Bank, all such
representations, warranties and covenants will survive the making of the Credit
Facilities and delivery to the Bank of this agreement, shall be continuing in nature,
and shall remain in full force and effect until such time as the Borrower’s indebtedness
to the Bank shall be paid in full.

	 	8.8	 	Non-Liability of the Bank. The relationship between the Borrower and the Bank
created by this agreement is strictly a debtor and creditor relationship and not
fiduciary in nature, nor is the relationship to be construed as creating any partnership
or joint venture between the Bank and the Borrower. The Borrower is exercising the
Borrower’s own judgement with respect to the Borrower’s business. All information
supplied to the Bank is for the Bank’s protection only and no other party is entitled to
rely on such information. There is no duty for Bank to review, inspect, supervise or
inform the Borrower of any matter with respect to the Borrower’s business. The Bank and
the Borrower intend that the Bank may reasonably rely on all information supplied by the
Borrower to the Bank, together with all representations and warranties given by the
Borrower to the Bank, without investigation or confirmation by the Bank and that any
investigation or failure to investigate will not diminish the Bank’s right to so rely.

	 	8.9	 	Indemnification of the Bank. The Borrower agrees to indemnify, defend and hold
the Bank, its parent companies, subsidiaries, affiliates, their respective successors
and assigns and each of their respective shareholders, directors, officers, employees
and agents (collectively, the “Indemnified Persons”) harmless from any and against any
and all loss, liability, obligation, damage, penalty, judgment, claim, deficiency,
expense, interest, penalties, attorneys’ fees (including the fees and expenses of
attorneys engaged by the Indemnified Person at the Indemnified Person’s reasonable
discretion) and amounts paid in settlement (“Claims”) to which any Indemnified Person
may become subject arising out of or relating to this agreement or the Collateral,
except to the limited extent that the Claims are proximately caused by the Indemnified
Person’s gross negligence or willful misconduct. The indemnification provided for in
this paragraph shall survive the termination of this agreement and shall not be affected
by the presence, absence or amount of or the payment or nonpayment of any claim under,
any insurance.

	 	8.10	 	Counterparts. This agreement may be executed in multiple counterparts, each of
which, when so executed, shall be deemed an original, but all such counterparts, taken
together, shall constitute one and the same agreement.

	 	8.11	 	Sole Discretion of the Bank. Whenever the Bank’s consent or approval is required
under this agreement, the decision as to whether or not to consent or approve shall be
in the sole and exclusive discretion of the Bank and the Bank’s decision shall be final
and conclusive.

	 	8.12	 	Advice of Counsel. The Borrower acknowledges that it has been advised by counsel,
or had the opportunity to be advised by counsel, in the negotiation, execution and
delivery of this agreement and any Related Documents.

	 	8.13	 	Recovery of Additional Costs. If the imposition of or any change in any law,
rule, regulation, or guideline, or the interpretation or application of any thereof by
any court or administrative or governmental authority (including any request or policy
not having the force of law) shall impose, modify, or make applicable any taxes (except
federal, state, or local income or franchise taxes imposed on the Bank), reserve
requirements, capital adequacy requirements, or other obligations which would (A)
increase the cost to the Bank for extending or maintaining the Credit Facilities, (B)
reduce the amounts payable to the Bank under the Credit Facilities, or (C) reduce the
rate of return on the Bank’s capital as a consequence of the Bank’s obligations with
respect to the Credit Facilities, then the Borrower agrees to pay the Bank such
additional amounts as will compensate the Bank therefor, within five (5) days after the
Bank’s written demand for such payment. The Bank’s demand shall be accompanied by an
explanation of such imposition or charge and a calculation in reasonable detail of the
additional amounts payable by the Borrower, which explanation and calculations shall be
conclusive in the absence of manifest error.

	 	8.14	 	Conflicting Terms. If this agreement is inconsistent with any provision in any
other Related Documents, the Bank shall determine, in the Bank’s sole and absolute
discretion, which of the provisions shall control any such inconsistency.

	 	8.15	 	Expenses. The Borrower agrees to pay or reimburse the Bank for all its
out-of-pocket costs and expenses and reasonable attorneys’ fees (including the fees of
in-house counsel) incurred in connection with the development, preparation and execution
of, and in connection with the enforcement or preservation of any rights under, this
agreement, any amendment, supplement, or modification thereto, and any other documents
prepared in connection herewith or therewith. These costs and expenses include without
limitation any costs or expenses incurred by the Bank in any bankruptcy, reorganization,
insolvency or other similar proceeding.

	 	8.16	 	Confidentiality. The Bank agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (a) to its and
its Affiliates’ directors, officers, employees and agents, including accountants, legal
counsel and other advisors (it being understood that the persons to whom such disclosure
is made will be informed of the confidential nature of such Information and instructed
to keep such Information confidential), (b) to the extent requested by any regulatory
authority, (c) to the extent required by applicable laws or regulations or by any
subpoena or similar legal process, (d) to any other party to this Agreement, (e) in
connection with the exercise of any remedies hereunder or any suit, action or proceeding
relating to this Agreement or any other Related Document or the enforcement of rights
hereunder or thereunder, (f) subject to an agreement containing provisions substantially
the same as those of this Section, to (i) any assignee of or participant in, or any
prospective assignee of or participant in, any of its rights or obligations under this
Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap
or derivative transaction relating to the Borrower and its obligations, (g) with the
consent of the Borrower or (h) to the extent such Information (i) becomes publicly
available other than as a result of a breach of this Section or (ii) becomes available
to the Bank on a non-confidential basis from a source other than the Borrower. For the
purposes of this Section, “Information” means all information received from the Borrower
relating to the Borrower or its business, other than any such information that is
available to the Bank on a non-confidential basis prior to disclosure by the Borrower;
provided that, in the case of information received from the Borrower after the date
hereof, such information is clearly identified at the time of delivery as confidential.
Any person required to maintain the confidentiality of Information as provided in this
Section shall be considered to have complied with its obligation to do so if such person
has exercised the same degree of care to maintain the confidentiality of such
Information as such person would accord to its own confidential information.

	9.	 	USA PATRIOT ACT NOTIFICATION. The following notification is provided to Borrower pursuant to
Section 326 of the USA Patriot Act of 2001, 31 U.S.C. Section 5318:

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT. To help the government
fight the funding of terrorism and money laundering activities, Federal law requires all
financial institutions to obtain, verify, and record information that identifies each person
or entity that opens an account, including any deposit account, treasury management account,
loan, other extension of credit, or other financial services product. What this means for
Borrower: When Borrower opens an account, if Borrower is an individual Bank will ask for
Borrower’s name, taxpayer identification number, residential address, date of birth, and
other information that will allow Bank to identify Borrower, and if Borrower is not an
individual Bank will ask for Borrower’s name, taxpayer identification number, business
address, and other information that will allow Bank to identify Borrower. Bank may also ask,
if Borrower is an individual to see Borrower’s driver’s license or other identifying
documents, and if Borrower is not an individual to see Borrower’s legal organizational
documents or other identifying documents.

	10.	 	WAIVER OF SPECIAL DAMAGES. THE BORROWER WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW,
ANY RIGHT THE UNDERSIGNED MAY HAVE TO CLAIM OR RECOVER FROM THE BANK IN ANY LEGAL ACTION OR
PROCEEDING ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES.

	11.	 	JURY WAIVER. THE BORROWER AND THE BANK HEREBY VOLUNTARILY, KNOWINGLY, IRREVOCABLY AND
UNCONDITIONALLY WAIVE ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE (WHETHER
BASED ON CONTRACT, TORT, OR OTHERWISE) BETWEEN THE BORROWER AND THE BANK ARISING OUT OF OR IN
ANY WAY RELATED TO THIS DOCUMENT. THIS PROVISION IS A MATERIAL INDUCEMENT TO THE BANK TO
PROVIDE THE FINANCING DESCRIBED HEREIN.

	 	 	 	 	 	 	 	 	 	 	 
	Address(es) for Notices:
	 	Borrower:	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	135 Corporate Woods

Rochester, NY 14623

	 	

	 	

Harris Interactive Inc.
	 	

	 	

	 	

	 
	 	 	 	 	 	 	 	 	 	 
	Attn:

	 	Chief Financial Officer
	 	By:
	 	/s/ Ronald E. Salluzzo
	 	

	 	

	
 
	 	 
	 	 	 	 
	 	

	 	

	 
	 	 	 	 	 	 	 	 	 	 
	
 
	 	 	 	 	 	Authorized Signer
	 	 	 	Title
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 Ronald E. Salluzzo, Chief Financial Officer
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	
 
	 	 	 	Date Signed:
	 	 	 	8/11/06
	 	

	
 
	 	 	 	 	 	 	 	 
	 	

	 	 	 	 	 	 	 	 	 	 	 
	

 Address for Notices:                 Bank:                                   }
 1 Chase Square, 9th Floor                                                    }
 Rochester, NY 14643                  JPMorgan Chase Bank, N.A.               }
 Attn:                                By:                  /s/ James Stanbrough

                                                           James Stanbrough                         {  V.P.

                                                           Printed Name                           Title
                                      Date Signed:                         8/15/06

Address for Notices:	 	Bank:	 	 	 	 
	1 Chase Square, 9th Floor	 	 	 	 
	Rochester, NY 14643	 	JPMorgan Chase Bank, N.A.	 	 	 	 
	Attn:	 	By:	/s/ James Stanbrough	 	 	 
	 	 	James Stanbrough	 	 	V.P.	 
	 	 	Printed Name	 	 	 	 	 	Title
	 	 	Date Signed: 8/15/06EX-10.2

Exhibit 10.2

	 	 	 	 	 
	
 
	 	Line of Credit Note

	 
	 	 	 	 
	
 
	 	$	15,000,000.00	 
	 
	 	 	 	 
	
 
	 	Date: August 15, 2006

Promise to Pay. On or before May 31, 2007, for value received, Harris Interactive Inc. (the
“Borrower”) promises to pay to JPMorgan Chase Bank, N.A., whose address is 1 Chase Square, 9th
Floor, Rochester, NY 14643 (the “Bank”) or order, in lawful money of the United States of America,
the sum of Fifteen Million and 00/100 Dollars ($15,000,000.00) or such lesser outstanding principal
sum as is indicated on Bank records, plus interest as provided below.

Definitions. As used in this Note, the following terms have the following respective meanings:

“Adjusted LIBOR Rate” means, with respect to a LIBOR Rate Advance for the relevant Interest Period,
the sum of (i) the Applicable Margin plus (ii) the quotient of (a) the LIBOR Rate applicable to
such Interest Period, divided by (b) one minus the Reserve Requirement (expressed as a decimal)
applicable to such Interest Period.

“Advance” means a LIBOR Rate Advance, a Federal Rate Funds Rate Advance or a Prime Rate Advance and
“Advances” means all LIBOR Rate Advances and all Prime Rate Advances under this Note.

“Applicable Margin” means with respect to any Prime Rate Advance, 0.00% per annum with respect to
any Federal Funds Rate Advance, 0.75% per annum and with respect to any LIBOR Rate Advance, 0.75%
per annum.

“Business Day” means (i) with respect to any borrowing, payment or rate selection of LIBOR Rate
Advances, a day (other than a Saturday or Sunday) on which banks generally are open in New York for
the conduct of substantially all of their commercial lending activities and on which dealings in
United States dollars are carried on in the London interbank market and (iii) for all other
purposes, a day other than a Saturday, Sunday or any other day on which national banking
associations are authorized to be closed.

“Federal Funds Rate” means the rate per annum equal to the consensus rates at which reserves are
offered by first-class banks to other first-class banks on such day on overnight Federal funds
transactions with members of the Federal Reserve system arranged by brokers received by the Bank
(or if such day is not a Business Day, the rate on the immediately preceding Business Day). This
rate shall change when and as the Federal Funds Rate changes and the Bank’s calculation of the
Federal Funds Rate shall be conclusive, final and binding on Borrower in absence of manifest error.

“Federal Funds Rate Advance” means any borrowing under this Note when and to the extent that its
interest rate is determined by reference to the Federal Funds Rate.

“Interest Period” means, with respect to a LIBOR Rate Advance, a period of one (1), two (2) or
three (3) month(s) commencing on a Business Day selected by the Borrower pursuant to this Note.
Such Interest Period shall end on the day which corresponds numerically to such date one (1), two
(2) or three (3) month(s) thereafter, as applicable, provided, however, that if there is no such
numerically corresponding day in such first, second or third succeeding month(s), as applicable,
such Interest Period shall end on the last Business Day of such first, second or third succeeding
month(s), as applicable. If an Interest Period would otherwise end on a day which is not a Business
Day, such Interest Period shall end on the next succeeding Business Day, provided, however, that if
said next succeeding Business Day falls in a new calendar month, such Interest Period shall end on
the immediately preceding Business Day.

“LIBOR Rate” means with respect to any LIBOR Rate Advance for any Interest Period, the interest
rate determined by the Bank by reference to Page 3756 of the Moneyline Telerate Service (“MTS”) (or
on any successor or substitute page of the MTS, or any successor to or substitute for the MTS,
providing rate quotations comparable to those currently provided on Page 3756 of the MTS, as
determined by the Bank from time to time for purposes of providing quotations of interest rates
applicable to dollar deposits in the London interbank market) to be the rate at approximately 11:00
a.m. London time, two Business Days prior to the commencement of the Interest Period for the
offering by the Bank’s London office, of dollar deposits in an amount comparable to such LIBOR Rate
Advance with a maturity equal to such Interest Period. If no LIBOR Rate is available to the Bank,
the applicable LIBOR Rate for the relevant Interest Period shall instead be the rate determined by
the Bank to be the rate at which the Bank offers to place deposits in U.S. dollars with first-class
banks in the London interbank market at approximately 11:00 a.m. (London time) two Business Days
prior to the first day of such Interest Period, in the approximate amount of the principal amount
outstanding on such date and having a maturity equal to such Interest Period.

“LIBOR Rate Advance” means any borrowing under this Note when and to the extent that its interest
rate is determined by reference to the Adjusted LIBOR Rate.

“Material Adverse Effect” means a material adverse effect on (a) the business, assets, operations,
prospects or condition, financial or otherwise, of the Borrower and its Subsidiaries [taken as a
whole], (b) the ability of the Borrower to perform any of its obligations under the Related
Documents to which it is a party, or (c) the rights of or benefits available to the Bank
thereunder.

“Prime Rate” means the rate of interest per annum announced from time to time by the Bank as its
prime rate. The Prime Rate is a variable rate and each change in the Prime Rate is effective from
and including the date the change is announced as being effective. THE PRIME RATE IS A REFERENCE
RATE AND MAY NOT BE THE BANK’S LOWEST RATE.

“Prime Rate Advance” means any Advance under this Note when and to the extent that its interest
rate is determined by reference to the Prime Rate.

“Principal Payment Date” is defined in the paragraph entitled “Principal Payments” below.

“Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System as from
time to time in effect and any successor thereto or other regulation or official interpretation of
said Board of Governors relating to reserve requirements applicable to member banks of the Federal
Reserve System.

“Reserve Requirement” means, with respect to an Interest Period, the maximum aggregate reserve
requirement (including all basic, supplemental, marginal and other reserves) which is imposed under
Regulation D.

Interest Rates. The Advance(s) evidenced by this Note may be drawn down and remain outstanding as
up to five (5) LIBOR Rate Advances, Federal Funds Rate Advances and/or a Prime Rate Advances. The
Borrower shall pay interest to the Bank on the outstanding and unpaid principal amount of each
Prime Rate Advance at the Prime Rate plus the Applicable Margin, of each Federal Funds Rate Advance
at the Federal Funds Rate plus the Applicable Margin and each LIBOR Rate Advance at the Adjusted
LIBOR Rate. Interest shall be calculated on the basis of the actual number of days elapsed in a
year of 360 days. In no event shall the interest rate applicable to any Advance exceed the maximum
rate allowed by law. Any interest payment which would for any reason be deemed unlawful under
applicable law shall be applied to principal.

Bank Records. The Bank shall, in the ordinary course of business, make notations in its records of
the date, amount, interest rate and Interest Period of each Advance hereunder, the amount of each
payment on the Advances, and other information. Such records shall, in the absence of manifest
error, be conclusive as to the outstanding principal balance of and interest rate or rates
applicable to this Note.

Notice and Manner of Electing Interest Rates on Advances. The Borrower shall give the Bank written
notice (effective upon receipt) of the Borrower’s intent to draw down an Advance under this Note no
later than 2:00 p.m. Eastern time, on the date of disbursement, if the full amount of the drawn
Advance is to be disbursed as a Prime Rate Advance or a Federal Funds Rate Advance and no later
than 11:00 a.m. Eastern time three (3) Business Days before disbursement, if any part of such
Advance is to be disbursed as a LIBOR Rate Advance. The Borrower’s notice must specify: (a) the
disbursement date, (b) the amount of each Advance, (c) the type of each Advance (Prime Rate
Advance, LIBOR Rate Advance or a Federal Funds Rate Advance), and (d) for each LIBOR Rate Advance,
the duration of the applicable Interest Period; provided, however, that the Borrower may not elect
an Interest Period ending after the maturity date of this Note. Each LIBOR Rate Advance shall be in
a minimum amount of Five Hundred Thousand and 00/100 Dollars ($500,000.00). All notices under this
paragraph are irrevocable. By the Bank’s close of business on the disbursement date and upon
fulfillment of the conditions set forth herein and in any other of the Related Documents, the Bank
shall disburse the requested Advances in immediately available funds by crediting the amount of
such Advances to the Borrower’s account with the Bank.

Conversion and Renewals. The Borrower may elect from time to time to convert one type of Advance
into another or to renew any Advance by giving the Bank written notice no later than 2:00 p.m.
Eastern time, on the date of the conversion into or renewal of a Prime Rate Advance or a Federal
Funds Rate Advance and 11:00 a.m. Eastern time three (3) Business Days before conversion into or
renewal of a LIBOR Rate Advance, specifying: (a) the renewal or conversion date, (b) the amount of
the Advance to be converted or renewed, (c) in the case of conversion, the type of Advance to be
converted into (Prime Rate Advance, LIBOR Rate Advance or a Federal Funds Rate Advance), and (d) in
the case of renewals of or conversion into a LIBOR Rate Advance, the applicable Interest Period,
provided that (i) the minimum principal amount of each LIBOR Rate Advance outstanding after a
renewal or conversion shall be Five Hundred Thousand and 00/100 Dollars ($500,000.00); (ii) a LIBOR
Rate Advance can only be converted on the last day of the Interest Period for the Advance; and
(iii) the Borrower may not elect an Interest Period ending after the maturity date of this Note.
All notices given under this paragraph are irrevocable. If the Borrower fails to give the Bank the
notice specified above for the renewal or conversion of a LIBOR Rate Advance by 11:00 a.m. Eastern
time three (3) Business Days before the end of the Interest Period for that Advance, the Advance
shall automatically be converted to a Prime Rate Advance on the last day of the Interest Period for
the Advance.

Interest Payments. Interest on the Advances shall be paid as follows:

A. For each Prime Rate Advance, on the last day of each month beginning with the first month
following disbursement of the Advance or following conversion of an Advance into a Prime Rate
Advance, and at the maturity or conversion of the Advance into a LIBOR Rate Advance;

B. For each Federal Funds Rate Advance, on the last day of each month beginning with the first
month following disbursement of the Advance or following conversion of an Advance into a Federal
Funds Rate Advance, and at the maturity or conversion of the Advance into a LIBOR Rate Advance;

C. For each LIBOR Rate Advance, on the last day of the Interest Period for the Advance and, if the
Interest Period is longer than three months, at three-month intervals beginning with the day three
months from the date the Advance is disbursed.

Principal Payments. All outstanding principal and interest is due and payable in full on May 31,
2007, which is defined herein as the “Principal Payment Date”.

Default Rate of Interest. After a default has occurred under this Note, whether or not the Bank
elects to accelerate the maturity of this Note because of such default, all Advances outstanding
under this Note, including all LIBOR Rate Advances, shall bear interest at a per annum rate equal
to the Prime Rate, plus the Applicable Margin for a Prime Rate Advance, plus three percent (3.00%)
from the date the Bank elects to impose such rate. Imposition of this rate shall not affect any
limitations contained in this Note on the Borrower’s right to repay principal on any LIBOR Rate
Advance before the expiration of the Interest Period for that Advance.

Prepayment. The Borrower may prepay all or any part of any Prime Rate Advance or Federal Funds Rate
Advance at any time without premium or penalty. The Borrower may prepay any LIBOR Rate Advance only
at the end of an Interest Period.

Funding Loss Indemnification. Upon the Bank’s request, the Borrower shall pay the Bank amounts
sufficient (in the Bank’s reasonable opinion) to compensate it for any loss, cost, or expense
incurred as a result of:

A. Any payment of a LIBOR Rate Advance on a date other than the last day of the Interest Period for
the Advance, including, without limitation, acceleration of the Advances by the Bank pursuant to
this Note or the Related Documents; or

B. Any failure by the Borrower to borrow or renew a LIBOR Rate Advance on the date specified in the
relevant notice from the Borrower to the Bank.

Additional Costs. If any applicable domestic or foreign law, treaty, government rule or regulation
now or later in effect (whether or not it now applies to the Bank) or the interpretation or
administration thereof by a governmental authority charged with such interpretation or
administration, or compliance by the Bank with any guideline, request or directive of such an
authority (whether or not having the force of law), shall (a) affect the basis of taxation of
payments to the Bank of any amounts payable by the Borrower under this Note or the Related
Documents (other than taxes imposed on the overall net income of the Bank by the jurisdiction or by
any political subdivision or taxing authority of the jurisdiction in which the Bank has its
principal office), or (b) impose, modify or deem applicable any reserve, special deposit or similar
requirement against assets of, deposits with or for the account of, or credit extended by the Bank,
or (c) impose any other condition with respect to this Note or the Related Documents and the result
of any of the foregoing is to increase the cost to the Bank of maintaining any LIBOR Rate Advance
or to reduce the amount of any sum receivable by the Bank on such an Advance, or (d) affect the
amount of capital required or expected to be maintained by the Bank (or any corporation controlling
the Bank) and the Bank determines that the amount of such capital is increased by or based upon the
existence of the Bank’s obligations under this Note or the Related Documents and the increase has
the effect of reducing the rate of return on the Bank’s (or its controlling corporation’s) capital
as a consequence of the obligations under this Note or the Related Documents to a level below that
which the Bank (or its controlling corporation) could have achieved but for such circumstances
(taking into consideration its policies with respect to capital adequacy) by an amount deemed by
the Bank to be material, then the Borrower shall pay to the Bank, from time to time, upon request
by the Bank, additional amounts sufficient to compensate the Bank for the increased cost or reduced
sum receivable. Whenever the Bank shall learn of circumstances described in this section which are
likely to result in additional costs to the Borrower, the Bank shall give prompt written notice to
the Borrower of the basis for and the estimated amount of any such anticipated additional costs. A
statement as to the amount of the increased cost or reduced sum receivable, prepared in good faith
and in reasonable detail by the Bank and submitted by the Bank to the Borrower, shall be conclusive
and binding for all purposes absent manifest error in computation.

Illegality. If any applicable domestic or foreign law, treaty, rule or regulation now or later in
effect (whether or not it now applies to the Bank) or the interpretation or administration thereof
by a governmental authority charged with such interpretation or administration, or compliance by
the Bank with any guideline, request or directive of such an authority (whether or not having the
force of law), shall make it unlawful or impossible for the Bank to maintain or fund the LIBOR Rate
Advances, then, upon notice to the Borrower by the Bank, the outstanding principal amount of the
LIBOR Rate Advances, together with accrued interest and any other amounts payable to the Bank under
this Note or the Related Documents on account of the LIBOR Rate Advances shall be repaid (a)
immediately upon the Bank’s demand if such change or compliance with such requests, in the Bank’s
judgment, requires immediate repayment, or (b) at the expiration of the last Interest Period to
expire before the effective date of any such change or request provided, however, that subject to
the terms and conditions of this Note and the Related Documents the Borrower shall be entitled to
simultaneously replace the entire outstanding balance of any LIBOR Rate Advance repaid in
accordance with this section with a Prime Rate Advance in the same amount.

Inability to Determine Interest Rate. If the Bank determines that (a) quotations of interest rates
for the relevant deposits referred to in the definition of Adjusted LIBOR Rate are not being
provided in the relevant amounts or for the relevant maturities for purposes of determining the
interest rate on a LIBOR Rate Advance as provided in this Note, or (b) the relevant interest rates
referred to in the definition of Adjusted LIBOR Rate do not accurately cover the cost to the Bank
of making or maintaining LIBOR Rate Advances, then the Bank shall forthwith give notice of such
circumstances to the Borrower, whereupon (i) the obligation of the Bank to make LIBOR Rate Advances
shall be suspended until the Bank notifies the Borrower that the circumstances giving rise to the
suspension no longer exists, and (ii) the Borrower shall repay in full the then outstanding
principal amount of each LIBOR Rate Advance, together with accrued interest, on the last day of the
then current Interest Period applicable to the Advance, provided, however, that, subject to the
terms and conditions of this Note and the Related Documents, the Borrower shall be entitled to
simultaneously replace the entire outstanding balance of any LIBOR Rate Advance repaid in
accordance with this section with a Prime Rate Advance in the same amount.

Obligations Due on Non-Business Day. Whenever any payment under this Note becomes due and payable
on a day that is not a Business Day, if no default then exists under this Note, the maturity of the
payment shall be extended to the next succeeding Business Day, except, in the case of a LIBOR Rate
Advance, if the result of the extension would be to extend the payment into another calendar month,
the payment must be made on the immediately preceding Business Day.

Matters Regarding Payment. The Borrower will pay the Bank at the Bank’s address shown above or at
such other place as the Bank may designate. Payments shall be allocated among principal, interest
and fees at the discretion of the Bank unless otherwise agreed or required by applicable law.
Acceptance by the Bank of any payment which is less than the payment due at the time shall not
constitute a waiver of the Bank’s right to receive payment in full at that time or any other time.

Business Loan. The Borrower acknowledges and agrees that this Note evidences a loan for a business,
commercial, agricultural or similar commercial enterprise purpose, and that all advances made under
this Note shall not be used for any personal, family or household purpose.

Credit Facility. The Bank has approved a credit facility to the Borrower in a principal amount not
to exceed the face amount of this Note. The credit facility is in the form of advances made from
time to time by the Bank to the Borrower. This Note evidences the Borrower’s obligation to repay
those advances. The aggregate principal amount of debt evidenced by this Note is the amount
reflected from time to time in the records of the Bank. Until the earliest of maturity, the
occurrence of any default, or the occurrence of any event that would constitute a default but for
the giving of notice or the lapse of time or both until the end of any grace or cure period, the
Borrower may borrow, pay down and reborrow under this Note subject to the terms of the Related
Documents.

Liabilities. The term “Liabilities” in this Note means all debts, obligations, and liabilities of
every kind and character of the Borrower, whether individual, joint and several, contingent or
otherwise, now or hereafter existing in favor of the Bank, including without limitation, all
liabilities, interest, costs and fees, arising under or from any note, open account, overdraft,
credit card, lease, letter of credit application, endorsement, surety agreement, guaranty, Rate
Management Transaction, acceptance, foreign exchange contract or depository service contract,
whether payable to the Bank or to a third party and subsequently acquired by the Bank, any monetary
obligations (including interest) incurred or accrued during the pendency of any bankruptcy,
insolvency, receivership or other similar proceedings, regardless of whether allowed or allowable
in such proceeding, and all renewals, extensions, modifications, consolidations, rearrangements,
restatements, replacements or substitutions of any of the foregoing. The term “Rate Management
Transaction” in this Note means any transaction (including an agreement with respect thereto) that
is a rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or
equity index swap, equity or equity index option, bond option, interest rate option, foreign
exchange transaction, cap transaction, floor transaction, collar transaction, forward transaction,
currency swap transaction, cross-currency rate swap transaction, currency option, derivative
transaction or any other similar transaction (including any option with respect to any of these
transactions) or any combination thereof, whether linked to one or more interest rates, foreign
currencies, commodity prices, equity prices or other financial measures.

Related Documents. The term “Related Documents” in this Note means this Note, all loan agreements,
credit agreements, reimbursement agreements, and any other instrument or document executed in
connection with this Note or in connection with any of the Liabilities.

Bank’s Right of Setoff. The Borrower grants to the Bank a security interest in the Accounts, and
the Bank is authorized to setoff and apply, all Accounts, Securities and Other Property, and Bank
Debt against any and all Liabilities of the Borrower. This right of setoff may be exercised at any
time and from time to time, and without prior notice to the Borrower. This security interest in the
Accounts and right of setoff may be enforced or exercised by the Bank regardless of whether or not
the Bank has made any demand under this paragraph or whether the Liabilities are contingent,
matured, or unmatured. Any delay, neglect or conduct by the Bank in exercising its rights under
this paragraph will not be a waiver of the right to exercise this right of setoff or enforce this
security interest in the Accounts. The rights of the Bank under this paragraph are in addition to
other rights the Bank may have in the Related Documents or by law. In this paragraph: (a) the term
“Accounts” means any and all deposit accounts and deposits of the Borrower (whether general,
special, time, demand, provisional or final) at any time held by the Bank (including all Accounts
held jointly with another, but excluding any IRA or Keogh Account, or any trust Account in which a
security interest would be prohibited by law); (b) the term “Securities and Other Property” means
any and all financial assets, securities entitlements, securities accounts, investment property and
other personal property of the Borrower in the custody, possession or control of the Bank, JPMorgan
Chase & Co. and their respective subsidiaries and affiliates (other than property held by the Bank
in a fiduciary capacity); and (c) the term “Bank Debt” means all indebtedness at any time owing by
the Bank, to or for the credit or account of the Borrower and any claim of the Borrower (whether
individual, joint and several or otherwise) against the Bank now or hereafter existing.

Representations by Borrower. Borrower represents and warrants that each of the following is and
will remain true and correct until the later of maturity or the date on which all Liabilities
evidenced by this Note are paid in full: (a) the execution and delivery of this Note and the
performance of the obligations it imposes do not violate any law, conflict with any agreement by
which it is bound, or require the consent or approval of any governmental authority or other third
party; (b) this Note is a valid and binding agreement of the Borrower, enforceable according to its
terms; (c) all balance sheets, profit and loss statements, other financial statements and
applications for credit furnished to the Bank in connection with the Liabilities are accurate and
fairly reflect the financial condition of the organizations and persons to which they apply on
their effective dates, including contingent liabilities of every type, which financial condition
has not materially and adversely changed since those dates; and, if the Borrower is not a natural
person (i) it is duly organized, and validly existing under the laws of the state where it is
organized and is in good standing in each state where it is doing business; and (ii) the execution
and delivery of this Note and the performance of the obligations it imposes (A) are within its
powers and have been duly authorized by all necessary action of its governing body, and (B) do not
contravene the terms of its articles of incorporation or organization, its by-laws, regulations or
any partnership, operating or other agreement governing its organization and affairs.

Events of Default/Acceleration. If any of the following events occurs this Note shall become due
immediately, without notice, at the Bank’s option:

	1.	 	The Borrower fails to pay (i) when due any principal amount payable under this Note, under
any of the Liabilities, or under any agreement or instrument evidencing debt to any creditor
or (ii) any interest due hereunder when due and such failure shall continue unremedied for a
period of three Business Days.

	2.	 	The Borrower (a) fails to observe or perform or otherwise violates any other term, covenant,
condition, or agreement of any of the Related Documents and such failure continues unremedied
for a period of 10 days after the earlier of the Borrower knowledge of such breach or notice
thereof from the Bank; (b) makes any materially incorrect or misleading representation,
warranty, or certificate to the Bank; (c) makes any materially incorrect or misleading
representation in any financial statement or other information delivered to the Bank; or (d)
defaults under the terms of any agreement or instrument relating to any debt for borrowed
money (other than the debt evidenced by this Note) and the effect of such default will have a
Material Adverse Effect.

	3.	 	In the event (a) there is a default under the terms of any Related Document, or (b) the
Borrower fails to comply with, or pay, or perform under any agreement, now or hereafter in
effect, between the Borrower and JPMorgan Chase & Co., or any of its subsidiaries or
affiliates or their successors after any applicable grace and cure period.

	4.	 	A “reportable event” (as defined in the Employee Retirement Income Security Act of 1974 as
amended) occurs that would permit the Pension Benefit Guaranty Corporation to terminate any
employee benefit plan of the Borrower or any affiliate of the Borrower .

	5.	 	The Borrower becomes insolvent or unable to pay its debts as they become due.

	6.	 	The Borrower (a) makes an assignment for the benefit of creditors; (b) consents to the
appointment of a custodian, receiver, or trustee for itself or for a substantial part of its
assets; or (c) commences any proceeding under any bankruptcy, reorganization, liquidation,
insolvency or similar laws of any jurisdiction.

	7.	 	A custodian, receiver, or trustee is appointed for the Borrower or for a substantial part of
its assets.

	8.	 	Proceedings are commenced against the Borrower under any bankruptcy, reorganization,
liquidation, or similar laws of any jurisdiction, and they remain undismissed for forty-five
(45) days after commencement; or the Borrower consents to the commencement of those
proceedings.

	9.	 	Any judgment in an amount in excess of $1,000,000 is entered against the Borrower , or any
attachment, levy, or garnishment is issued against any property of the Borrower , and the same
shall remain undischarged for a period of 30 consecutive days during which execution shall not
be effectively stayed.

	10.	 	The Borrower , without the Bank’s written consent (a) is dissolved, (b) merges or
consolidates with any third party and is not the surviving entity, (c) leases, sells or
otherwise conveys a material part of its assets or business outside the ordinary course of its
business which sale could have a Material Adverse Effect, or (d) agrees to do any of the
foregoing (notwithstanding the foregoing, any subsidiary may merge or consolidate with any
other subsidiary, or with the Borrower, so long as the Borrower is the survivor).

	11.	 	Any material adverse change occurs in the business, assets, affairs, prospects or
consolidated financial condition of the Borrower.

Remedies. If this Note is not paid at maturity, whether by acceleration or otherwise, the Bank
shall have all of the rights and remedies provided by any law or agreement. The Bank is authorized
to cause all or any part of the Collateral to be transferred to or registered in its name or in the
name of any other person or business entity, with or without designating the capacity of that
nominee. Without limiting any other available remedy, the Borrower is liable for any deficiency
remaining after disposition of any Collateral. The Borrower is liable to the Bank for all
reasonable costs and expenses of every kind incurred (or charged by internal allocation) in
connection with the negotiation, preparation, execution, filing, recording, modification,
supplementing and waiver of this Note or the Related Documents and the making, servicing and
collection of this Note or the Related Documents and any other amounts owed under this Note or the
Related Documents, including without limitation reasonable attorneys’ fees and court costs. These
costs and expenses include without limitation any costs or expenses incurred by the Bank in any
bankruptcy, reorganization, insolvency or other similar proceeding.

Waivers. Any party liable on this Note waives (a) to the extent permitted by law, all rights and
benefits under any laws or statutes regarding sureties, as may be amended; (b) any right to receive
notice of the following matters before the Bank enforces any of its rights: (i) the Bank’s
acceptance of this Note, (ii) any credit that the Bank extends to the Borrower, (iii) the
Borrower’s default, (iv) any demand, diligence, presentment, dishonor and protest, or (v) any
action that the Bank takes regarding the Borrower, anyone else, any Collateral, or any of the
Liabilities, that it might be entitled to by law or under any other agreement; (c) any right to
require the Bank to proceed against the Borrower, any other obligor or guarantor of the
Liabilities, or any Collateral, or pursue any remedy in the Bank’s power to pursue; (d) any defense
based on any claim that any endorser or other parties’ obligations exceed or are more burdensome
than those of the Borrower; (e) the benefit of any statute of limitations affecting liability of
any endorser or other party liable hereunder or the enforcement hereof; (f) any defense arising by
reason of any disability or other defense of the Borrower or by reason of the cessation from any
cause whatsoever (other than payment in full) of the obligation of the Borrower for the
Liabilities; and (g) any defense based on or arising out of any defense that the Borrower may have
to the payment or performance of the Liabilities or any portion thereof. Any party liable on this
Note consents to any extension or postponement of time of its payment without limit as to the
number or period, to any substitution, exchange or release of all or any part of the Collateral, to
the addition of any other party, and to the release or discharge of, or suspension of any rights
and remedies against, any person who may be liable for the payment of this Note. The Bank may waive
or delay enforcing any of its rights without losing them. Any waiver affects only the specific
terms and time period stated in the waiver. No modification or waiver of any provision of this Note
is effective unless it is in writing and signed by the party against whom it is being enforced.

Cooperation. The Borrower agrees to fully cooperate with the Bank and not to delay, impede or
otherwise interfere with the efforts of the Bank to secure payment from the assets which secure the
Liabilities including actions, proceedings, motions, orders, agreements or other matters relating
to relief from automatic stay, abandonment of property, use of cash collateral and sale of the
Bank’s collateral free and clear of all liens.

Rights of Subrogation. Any party liable on this Note waives and agrees not to enforce any rights of
subrogation, contribution or indemnification that it may have against the Borrower, any person
liable on the Liabilities, or the Collateral, until the Borrower and such party liable on this Note
have fully performed all their obligations to the Bank, even if those obligations are not covered
by this Note.

Reinstatement. The Borrower agrees that to the extent any payment or transfer is received by the
Bank in connection with the Liabilities evidenced by this Note, and all or any part of the payment
or transfer is subsequently invalidated, declared to be fraudulent or preferential, set aside or
required to be transferred or repaid by the Bank or transferred or paid over to a trustee, receiver
or any other entity, whether under any bankruptcy act or otherwise (any of those payments or
transfers is hereinafter referred to as a “Preferential Payment”), then this Note shall continue to
be effective or shall be reinstated, as the case may be, even if all those Liabilities have been
paid in full and whether or not the Bank is in possession of this Note, or whether the Note has
been marked paid, released or canceled, or returned to the Borrower and, to the extent of the
payment, repayment or other transfer by the Bank, the Liabilities or part intended to be satisfied
by the Preferential Payment shall be revived and continued in full force and effect as if the
Preferential Payment had not been made.

Governing Law and Venue. This Note shall be governed by and construed in accordance with the laws
of the State of New York (without giving effect to its laws of conflicts). The Borrower agrees that
any legal action or proceeding with respect to any of its obligations under this Note may be
brought by the Bank in any state or federal court located in the State of New York, as the Bank in
its sole discretion may elect. By the execution and delivery of this Note, the Borrower submits to
and accepts, for itself and in respect of its property, generally and unconditionally, the
non-exclusive jurisdiction of those courts. The Borrower waives any claim that the State of New
York is not a convenient forum or the proper venue for any such suit, action or proceeding.

Miscellaneous. This Note binds the Borrower and its successors, and benefits the Bank, its
successors and assigns. Any reference to the Bank includes any holder of this Note. This Note is
issued pursuant and entitled to the benefits of that certain Credit Agreement by and between the
Borrower and the Bank, dated June      , 2006, and all replacements thereof (the “Credit Agreement”)
to which reference is hereby made for a more complete statement of the terms and conditions under
which the loan evidenced hereby is made and is to be repaid. The terms and provisions of the Credit
Agreement are hereby incorporated and made a part hereof by this reference thereto with the same
force and effect as if set forth at length herein. No reference to the Credit Agreement and no
provisions of this Note or the Credit Agreement shall alter or impair the absolute and
unconditional obligation of the Borrower to pay the principal and interest on this Note as herein
prescribed. Capitalized terms not otherwise defined herein shall have the meanings assigned to such
terms in the Credit Agreement. Section headings are for convenience of reference only and do not
affect the interpretation of this Note. Any notices and demands under or related to this document
shall be in writing and delivered to the intended party at its address stated herein, and if to the
Bank, at its main office if no other address of the Bank is specified herein, by one of the
following means: (a) by hand, (b) by a nationally recognized overnight courier service, or (c) by
certified mail, postage prepaid, with return receipt requested. Notice shall be deemed given: (a)
upon receipt if delivered by hand, (b) on the Delivery Day after the day of deposit with a
nationally recognized courier service, or (c) on the third Delivery Day after the notice is
deposited in the mail. “Delivery Day” means a day other than a Saturday, a Sunday, or any other day
on which national banking associations are authorized to be closed. Any party may change its
address for purposes of the receipt of notices and demands by giving notice of such change in the
manner provided in this provision. This Note and any Related Documents embody the entire agreement
between the Borrower and the Bank regarding the terms of the loan evidenced by this Note and
supercede all oral statements and prior writings relating to that loan. If any provision of this
Note cannot be enforced, the remaining portions of this Note shall continue in effect. The Borrower
agrees that the Bank may provide any information or knowledge the Bank may have about the Borrower
or about any matter relating to this Note or the Related Documents to JPMorgan Chase & Co., or any
of its subsidiaries or affiliates or their successors, or to any one or more purchasers or
potential purchasers of this Note or the Related Documents. The Borrower agrees that the Bank may
at any time sell, assign or transfer one or more interests or participations in all or any part of
its rights and obligations in this Note to one or more purchasers whether or not related to the
Bank.

Government Regulation. Borrower shall not (a) be or become subject at any time to any law,
regulation, or list of any government agency (including, without limitation, the U.S. Office of
Foreign Asset Control list) that prohibits or limits Bank from making any advance or extension of
credit to Borrower or from otherwise conducting business with Borrower, or (b) fail to provide
documentary and other evidence of Borrower’s identity as may be requested by Bank at any time to
enable Bank to verify Borrower’s identity or to comply with any applicable law or regulation,
including, without limitation, Section 326 of the USA Patriot Act of 2001, 31 U.S.C. Section 5318.

USA PATRIOT ACT NOTIFICATION. The following notification is provided to Borrower pursuant to
Section 326 of the USA Patriot Act of 2001, 31 U.S.C. Section 5318:

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT. To help the government fight the
funding of terrorism and money laundering activities, Federal law requires all financial
institutions to obtain, verify, and record information that identifies each person or entity that
opens an account, including any deposit account, treasury management account, loan, other extension
of credit, or other financial services product. What this means for Borrower: When Borrower opens
an account, if Borrower is an individual Bank will ask for Borrower’s name, taxpayer identification
number, residential address, date of birth, and other information that will allow Bank to identify
Borrower, and if Borrower is not an individual Bank will ask for Borrower’s name, taxpayer
identification number, business address, and other information that will allow Bank to identify
Borrower. Bank may also ask, if Borrower is an individual to see Borrower’s driver’s license or
other identifying documents, and if Borrower is not an individual to see Borrower’s legal
organizational documents or other identifying documents.

WAIVER OF SPECIAL DAMAGES. THE BORROWER WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY
RIGHT THE UNDERSIGNED MAY HAVE TO CLAIM OR RECOVER FROM THE BANK IN ANY LEGAL ACTION OR PROCEEDING
ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES.

THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK

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JURY WAIVER. THE BORROWER AND THE BANK (BY ITS ACCEPTANCE HEREOF) HEREBY VOLUNTARILY, KNOWINGLY,
IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE
(WHETHER BASED ON CONTRACT, TORT, OR OTHERWISE) BETWEEN THE BORROWER AND THE BANK ARISING OUT OF OR
IN ANY WAY RELATED TO THIS NOTE OR THE OTHER RELATED DOCUMENTS. THIS PROVISION IS A MATERIAL
INDUCEMENT TO THE BANK TO PROVIDE THE FINANCING EVIDENCED BY THIS NOTE.

	 	 	 	 	 	 	 	 	 	 	 
	
 
	 	 	 	Borrower:
	 	

	 	

	 	

	 
	 	 	 	 	 	 	 	 	 	 
	Address:	 	135 Corporate Woods	 	Harris Interactive Inc.
	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	
 
	 	Rochester, NY 14623
	 	

	 	

	 	

	 	

	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	/s/ Jennifer H. Thomas Assistant Corporate

	 
	 	 	 	 	 	 	 	 	 	 
	
 
	 	 	 	 	 	Secretary
	 	

	 	

	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

	 
	 	 	 	 	 	 	 	 	 	 
	
 
	 	 	 	 	 	Authorized Signer
	 	 	 	Title
	 
	 	 	 	 	 	 	 	 	 	 
	
 
	 	 	 	Date Signed:
	 	 	 	August 15, 2006
	 	

	
 
	 	 	 	 	 	 	 	 
	 	

	 
	 	 	 	 	 	 	 	 	 	 

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