Document:

exv10w23

 

Exhibit 10.23

SECOND AMENDMENT TO DEMAND SECURED PROMISSORY NOTE

AND LOAN MODIFICATION AGREEMENT

     THIS SECOND AMENDMENT TO DEMAND SECURED PROMISSORY NOTE AND LOAN MODIFICATION AGREEMENT (the
“Agreement”) is made as of this ___ day of July, 2006, by and among BCI Communications, Inc.,
(“Borrower”) and Berliner Communications, Inc. f/k/a Novo Networks, Inc. and Richard B. Berliner,
pursuant to the Validity Guaranty, (“individual guarantors”) (collectively “Guarantors”) and
PRESIDENTIAL FINANCIAL CORPORATION OF DELAWARE VALLEY, a New Jersey corporation (the “Lender”).

R E C I T A L S

     Pursuant to the Loan Agreements and Security Agreements dated February 22, 2005 (“Loan
Agreement”), between the Borrower and the Lender, the Lender agreed to make available to the
Borrower a line of credit in accordance with, and subject to, the provisions of the Loan Agreement.
The Borrower’s obligation to repay the line of credit, with interest and other fees and charges,
is evidenced by Demand Secured Promissory Notes dated February 22, 2005, (the “Promissory Note”)
in the principal amount of One Million Two Hundred and Fifty Thousand Dollars ($1,250,000.00). The
indebtedness, obligations and liabilities of the Borrower under and in connection with the line of
credit are guaranteed by the Guarantors pursuant to the terms of the Guaranty Agreements dated
February 22, 2005 executed by the Guarantors (collectively “Guaranty Agreements”). The Loan
Agreement, Promissory Note, first Addendum to Promissory Note, the Guaranty Agreements, Disclosure
Statement, and all documents now and hereafter executed by the Borrower, the Guarantors or any
other party, to evidence, secure, or guaranty, in connection with the Borrower’s indebtedness and
obligation to Lender, are hereinafter referred to as the “Loan Documents”.

     The parties wish to increase the available line of credit from One Million Two Hundred and
Fifty Thousand Dollars ($1,250,000.00) to Two Million Five Hundred Thousand Dollars ($2,500,000.00)
subject to the terms and conditions of this Agreement.

A G R E E M E N T S

     NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements of
the parties hereinafter set forth, it is hereby mutually agreed as follows:

     1. Recitals. Each of the parties hereto acknowledges that the above recitals are true
and correct and incorporated herein by reference.

     2. Increase in the Line of Credit. The parties agree to increase the line of credit
available to the Borrower under the Loan Documents from $1,250,000.00 to $2,500,000.00 and hereby
amend the Promissory Note, the Loan Agreement and all other Loan Documents to increase the
principal amount of the Promissory Note from $1,250,000.00 to $2,500,000.00.

     3. Term Extention. The parties agree to extend the term of the line of credit
available to the Borrower for a minimum period of 8 months from the date of this agreement under
the terms of the first Addendum to Promissory Note dated February 22, 2005.

     4. Representations and Warranties. In order to induce the Lender to enter into this
Agreement and increase the line of credit pursuant hereto, the Borrower and each of the Guarantors
(collectively the

	 	 	 	 	 	 	 
	 

	 	Lender Initials:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Borrower Initials:	 	 	 	 
	 

	 	 	 	 	 	 

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“Obligors”) represent and warrant to the Lender that as of the date hereof (a) no
event of default exists under the provisions of the Loan Agreement, Promissory Note or the Guaranty
Agreements or other Loan Documents, (b) all of the representations and warranties of the Obligors
in the Loan Documents are true and correct on the date hereof as if the same were made on the date
hereof, (c) the Collateral, as defined in the Loan Agreement, is free and clear of all assignments,
security interest, liens and other encumbrances of any kind and nature whatsoever, except for those
granted or permitted under the provisions of the Loan Documents, (d) the execution and performance
by the Borrower under the Loan Agreement, as amended, will not (i) violate any provision of law,
any order of any court or other agency of government, or the organizational documents and/or bylaws
of Borrower, or (ii) violate any indenture, contract, agreement or other instrument to which the
Borrower is party, or by which its property is bound, or be in conflict with, result in a breach of
or constitute (with due notice and/or lapse of time) a default under, any such indenture, or
imposition of any lien, charge or encumbrance of any nature whatsoever upon any of the property or
assets of the -Borrower, and (e) this Agreement constitutes the legal, valid and binding
obligations of the Obligors enforceable in accordance with its terms, except its enforceability may
be limited by bankruptcy, insolvency or some other laws affecting the enforcement of creditors
rights generally.

     5. Ratification and No Novation; Validity of Loan Documents. The Obligors hereby
ratify and confirm all of their obligations, liabilities and indebtedness under the provisions of
the Loan Agreement, the Promissory Note, the Guaranty Agreements and the other Loan Documents, as
the same may be amended and modified by this Agreement, and agrees to pay the indebtedness in
accordance with the terms of the Loan Agreement, as amended and modified by this Agreement. The
Lender and the Obligors each agrees that is their intention that nothing in this Agreement shall be
construed to extinguish, release or discharge or constitute, create or affect a novation of, or an
agreement to extinguish (a) any of the obligations, indebtedness and liabilities of the Obligors,
or any other party under the provisions of the Loan Agreement, the Promissory Note, and such other
Loan Documents, or (b) any assignment or pledge to the Lender of, or any security interest or lien
granted to the Lender in, or on, any Collateral and security for such obligations, indebtedness,
and liabilities. The Obligors agree that all of the provisions of the Loan Agreement, the
Promissory Note, and the other Loan Documents shall remain and continue in full force and effect,
as the same may be modified and amended by this Agreement. In the event of any conflict between
the provisions of this Agreement and the provisions of such other Loan Documents, the provisions of
this Agreement shall control. Obligors have no existing claims, defenses (personal or otherwise)
or rights of setoff whatsoever with respect to the Obligations of the Obligors under the Loan
Documents. Each of the Obligors furthermore agrees that each of them has no defense, counterclaim,
offset, cross-complaint, claim or demand of any nature whatsoever that can be asserted as a basis
to seek affirmative relief and/or damages of any kind from the Lender.

     6. Applicable Law, Binding Effect, etc. This Agreement shall be governed by
the laws of the State of New Jersey and may be executed in any number of duplicate originals and
counterparts, each of which, and all taken together, shall constitute one and the same instrument.
This Agreement shall be binding upon, and inure to the benefit of, the Lender, the Borrower, and
each of the Guarantors and their respective successors, heirs and assigns.

     7. Expenses. Borrower hereby agrees to pay all out-of-pocket expense incurred by
Lender in connection with the preparation, negotiation and consummation of this Agreement, and all
other documents related thereto (whether or not any borrowing under the Loan Agreement as amended
shall be consummated), including, without limitation, the fees and expenses of Lender’s counsel.

	 	 	 	 	 	 	 
	 

	 	Lender Initials:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Borrower Initials:	 	 	 	 
	 

	 	 	 	 	 	 

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     8. Effectiveness of this Agreement. This Agreement shall not be effective until the
same is executed and accepted by Lender in the State of New Jersey.

     IN WITNESS WHEREOF, the Lender, the Borrower, and each of the Guarantors have caused this
Agreement to be duly executed, under seal, as of the day and year first above written.

	 	 	 	 	 	 	 	 	 
	Sworn to and subscribed to before	 	 	 	BORROWER:
	me this _____ day of July, 2006	 	 	 	BCI Communications, Inc.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	BY:
	 	 	 	(SEAL)
	 

	 	 	 	 	 	 	 	 
	Notary Public

	 	 	 	ITS:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Sworn to and subscribed to before	 	 	 	GUARANTORS:
	me this _____ day of July, 2006	 	 	 	Berliner Communications, Inc. f/k/a Novo Networks, Inc.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	(SEAL)
	 	 	 	 	 	 	 
	Notary Public

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Sworn to and subscribed to before	 	 	 	Richard B. Berliner, per Validity Guaranty
	me this ___day of July, 2006
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	(SEAL)
	 	 	 	 	 	 	 
	Notary Public

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	LENDER:
	 
	 	 	 	 	 	 	 	 
	Sworn to and subscribed to before	 	 	 	Presidential Financial Corporation
	me this _____ day of July, 2006	 	 	 	of Delaware Valley
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	BY:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	Notary Public

	 	 	 	ITS:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 
	 

	 	Lender Initials:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Borrower Initials:	 	 	 	 
	 

	 	 	 	 	 	 

- 3 -exv10w1

 

Exhibit 10.1

Amendment No.3, Consent and Waiver 

to and under 

Credit Agreement

          This Amendment No.3, Consent and Waiver, dated as of September 21, 2006
(this “Amendment”), to and under the Credit Agreement, dated as of March 20, 2006 (as
amended, including by this Amendment, the “Credit Agreement”), among Affiliated Computer
Services, Inc., a Delaware corporation (the “Company”), ACS Commercial Solutions,
Inc., a Nevada corporation, ACS Education Services, Inc., a Delaware corporation,
ACS Enterprise Solutions, Inc., a Delaware corporation, ACS HR Solutions, LLC, a
Pennsylvania limited liability company, ACS Outsourcing Solutions, Inc., a Michigan
corporation, ACS State & Local Solutions, Inc., a New York corporation, ACS State
Healthcare, LLC, a Delaware limited liability company, ACS TradeOne Marketing, Inc.,
a Delaware corporation, Buck Consultants, LLC, a Delaware limited liability company,
ACS Worldwide Lending Limited, a limited company organized under the laws of England and
Wales, and each other Subsidiary Borrower party thereto from time to time, the Lenders
and Issuers party thereto from time to time, and Citicorp USA, Inc. (“Citicorp”),
as administrative agent (in such capacity, the “Administrative Agent”). Unless otherwise specified
herein, all capitalized terms used in this Amendment shall have the meanings ascribed to them in
the Credit Agreement.

W I T N E S S E T H

          WHEREAS, in connection with the investigation relating to the Company’s historical stock
option practices prior to the Effective Date (as defined below) as disclosed in the Company’s press
release dated August 7, 2006 (the “Options Matter”), the Company has requested a waiver of certain
covenants under the Credit Agreement and certain amendments to the Credit Agreement as herein set
forth;

          WHEREAS, the Company, each of the Lenders signatory to an acknowledgment and consent, in the
form set forth as Exhibit A (an “Acknowledgment and Consent”), and the Administrative Agent have
agreed to such waiver and amendments on the terms and subject to the conditions herein provided.

          NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

          SECTION 1. Consent and Waiver.

          (a) As of the Effective Date, the Administrative Agent and each Lender signatory to an
Acknowledgment and Consent hereby (i) consent to (A) the delivery of the Financial Statements
required by Section 6.1(a) (Quarterly Reports) and the related Compliance Certificate required by
Section 6.1(c) (Compliance Certificate) for the Fiscal Quarter ended June 30, 2006 and the Fiscal
Quarter ending on September 30, 2006, on or prior to December 31, 2006, and (B) the delivery of the
Financial Statements and related accountant’s report required by Section 6.1(b) (Annual Reports)
and the related Compliance Certificate required by Section 6.1(c) (Compliance Certificate) for the
Fiscal Year ended June 30, 2006, on or prior to December 31, 2006 and (ii) waive any Default or
Event of

 

 

Default (x) arising from the Company’s failure to comply with Section 6.1(a) (Quarterly
Reports), Section 6.1(b) (Annual Reports) or Section 6.1(c) (Compliance Certificate) (all such
financial statements, reports and certificates being the “Delayed Reports”); provided that, in each
case, the failure to deliver each of the Delayed Reports within the applicable time period provided
by the Credit Agreement shall have resulted directly or indirectly from the Options Matter.

          (b) The Administrative Agent and each Lender signatory to an Acknowledgment and Consent hereby
waive any Default or Event of Default under Section 9.1(c) (Events of Default) solely to the extent
that the representation or warranties made or deemed to have been made pursuant to Section 4.4(a)
(Financial Statements), Section 4.9 (Full Disclosure), Section 6.1(a) (Quarterly Reports) or
Section 6.1(e) (Business Plan) shall prove to have been incorrect when made or deemed to have been
made as a result of a restatement, adjustment or other modification of the Financial Statements
delivered to the Administrative Agent prior to the Effective Date; provided that such restatement,
adjustment or other modification shall have resulted directly or indirectly from the Options
Matter.

          (c) The Administrative Agent and each Lender signatory to an Acknowledgment and Consent hereby
waive any Default or Event of Default under Section 9.1(e) (Events of Default), arising from the
Company’s or any other Group Member’s failure to comply with similar reporting covenants under any
other Indebtedness (including any requirement to file any report with the SEC or to furnish such
report to the holders of such Indebtedness) (collectively, “Similar Reporting Covenants”); provided
that (i) such failure to comply shall have resulted directly or indirectly from the Options Matter
and (ii) the Company and/or such other Group Member, as applicable, shall have delivered all
reports and all other statements required by each such Similar Reporting Covenant on or prior to
December 31, 2006.

          (d) Except as expressly provided in clauses (a), (b) and (c) above, nothing contained in this
Amendment shall be construed as a waiver of any Default or Event of Default under the Credit
Agreement or any other Loan Document.

          (e) Notwithstanding
the Applicable Margin with respect to Revolving Loans or Applicable Unused
Commitment Fee Rate that would otherwise be in effect, from and after the Effective Date and
through the earlier of (x) December 29, 2006 and (y) the date that any of the Delayed Reports have
been delivered to the Administrative Agent in accordance with the requirements set forth in the
Credit Agreement (as amended by this Amendment) (the “Modification Termination Date”), (i)
“Applicable Margin” shall mean with respect to Revolving Loans maintained as (1) Base Rate Loans, a
rate equal to 0.25% per annum and (2) Eurocurrency Rate Loans, a rate equal to 1.25% per annum and
(ii) “Applicable Unused Commitment Fee Rate” shall mean 0.375% per annum. Commencing on the
Modification Termination Date, “Applicable Margin” and “Applicable Unused Commitment Fee Rate”
shall each revert to the definition set forth in the Credit Agreement without giving effect to this
Section 1(e) and from and after the Modification Termination Date, this Amendment shall cease to be
of further force and effect with respect to any Delayed Report that has been delivered.

          (f) Promptly, but in any event within 10 Business Days after delivery of the Financial
Statements for the Fiscal Year ended June 30, 2006, the Company shall furnish to the Administrative
Agent an update of the Projections delivered by it in accordance with Section 6.1(e) (Business
Plan).

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          SECTION 2. Amendments. Subject to the terms and conditions set forth herein,
effective as of the Effective Date, the Credit Agreement (together with the Exhibits and Schedules
thereto) is hereby amended as follows:

          (a) Section 1.1 (Defined Terms) of the Credit Agreement is hereby amended:

          (i) by inserting the following definitions among the existing definitions set forth in such
Section in alphabetical order:

     “Local Time” means, with respect to any Borrowing, notices, determinations, fundings
and payments under or in connection with (a) the Term Loan Facility or the Primary Revolving
Credit Facility, New York time and (b) the Multicurrency Revolving Credit Facility, London
time.

     “Target Date” means a day on which the Trans-European Automated Real-Time Gross
Settlement Express Transfer System (TARGET) is operating.

          (ii) by deleting the definitions of “Business Day” and “Dollar Equivalent” in their entirety
and replacing them, respectively, with the following:

     “Business Day” means a day of the year on which banks are not required or authorized to
close in New York City and, if the applicable Business Day relates to notices,
determinations, fundings and payments in connection with (a) the Eurocurrency Rate or any
Eurocurrency Rate Loans, a day on which dealings in Dollar deposits are also carried on in
the London interbank market, (b) the Multicurrency Revolving Credit Facility, such day that
is also a day of the year on which banks are not required to or authorized to close in
London, (c) a Borrowing denominated in Euros, such day that is also a Target Date and (c) a
Borrowing denominated in Available Currency other than Dollars or Euros, such day that is
also a day of the year on which banks are not required or authorized to close in the
principal financial center of such Available Currency.

     “Dollar Equivalent” of any amount means, at the time of determination thereof, (a) if
such amount is expressed in Dollars, such amount, (b) if such amount is expressed in an
Available Currency, the equivalent of such amount in Dollars determined by using the rate of
exchange quoted by Citibank in New York, New York at 11:00 a.m. (Local Time) or, if such
amount is determined under or in connection with the Multicurrency Revolving Credit
Facility, Citibank in London, at 11:00 a.m. (Local Time), on the date of determination (or,
if such date is not a Business Day, the last Business Day prior thereto) to prime banks in
New York, or London, as applicable, for the spot purchase in the New York, or London, as
applicable, foreign exchange market of such amount of Dollars with such Available Currency
and (c) if such amount is denominated in any other currency, the equivalent of such amount
in Dollars as determined by the Administrative Agent using any method of determination it
deems appropriate.

          (b) A new Section 1.5(h) (Certain Terms) is hereby inserted immediately after Section 1.5(g)
to read as follows:

               (h) All references in this Agreement to “New York time” shall be deemed to make
reference to the applicable Local Time.

3

 

     (c) Section 2.13(b) (Payments and Computations) is hereby deleted in its entirety and replaced
with the following:

               (b) All computations of interest and of fees shall be made by the Administrative Agent
on the basis of a year of, in the case of Eurocurrency Rate Loans, 360 days (or, if it is so
determined by the Administrative Agent, in the case of Eurocurrency Rate Loans under the
Multicurrency Revolving Credit Facility, 365 days) and, in the case of Base Rate Loans, 365
days, in each case for the actual number of days (including the first day but excluding the
last day) occurring in the period for which such interest and fees are payable. Each
determination by the Administrative Agent of a rate of interest hereunder shall be
conclusive and binding for all purposes, absent manifest error.

     (d) Section 4.13(b) (Use of Proceeds) is hereby deleted in its entirety and replaced with the
following:

               (b) The proceeds of the Revolving Loans and the Letters of Credit are being used by
each Revolving Credit Borrower (and, to the extent distributed to them by such Borrower,
each Group Member) solely (i) to refinance all Indebtedness and other obligations
outstanding under the Existing Credit Agreement, (ii) for the payment of transaction costs,
fees and expenses incurred in connection with this Agreement and the transactions
contemplated hereby, (iii) for working capital and general corporate purposes for itself or
any of its Subsidiaries and (iv) to finance Permitted Acquisitions; provided, however, that
the Revolving Credit Borrowers may use the Revolving Loans from time to time to make
payments permitted under Section 8.5(e) (Restricted Payments) and to pay costs, fees and
expenses incurred in connection therewith, in each case, to the extent, before and after
giving effect to all such payments on any date, (A) the aggregate principal amount of all
such Revolving Loans outstanding at any time used to make payments permitted under Section
8.5(e) shall not exceed $350,000,000 (or at any time prior to or on December 31, 2006,
$500,000,000), (B) the aggregate principal amount of all such Revolving Loans outstanding at
any time used to make payments permitted under Section 8.5(e)(i) shall not exceed
$350,000,000 and (C) the sum of (1) the Available Credit and (2) the aggregate amount of
cash and Cash Equivalents (free and clear of all Liens other than Customary Permitted Liens
and Liens in favor of the Administrative Agent for the benefit of the Secured Parties) in
excess of $50,000,000 included in the Consolidated balance sheet of the Group Members as of
such date shall not be less than $300,000,000 (or at any time prior to or on December 31,
2006, $200,000,000).

     (e) Section 11.8(a)(iv) (Notices, Etc.) is hereby deleted in its entirety and replaced with
the following:

               (iv) if to the Administrative Agent or the Dollar Swing Lender:

Citicorp USA, Inc.

388 Greenwich Street, 21st Floor

New York, New York 10013

Attention: James M. Walsh

Telecopy no: (212) 816-8112

E-Mail Address: james.m.walsh@citigroup.com

4

 

with a copy to:

Citibank International PLC.

Citigroup Centre, Fifth Floor

25 Canada Square, Canary Wharf

London E14 5LB

Attention: Loans Agency

Telecopy no: 44 208 636 3824

E-Mail Address: jane.horner@citigroup.com

with a copy to:

Weil, Gotshal & Manges, LLP

767 Fifth Avenue,

New York, New York 10153-0119

Attention: Daniel S. Dokos, Esq.

Telecopy no: (212) 310-8007

E-Mail Address: daniel.dokos@weil.com

     (f) As permitted by the proviso to Section 11.1(a) (Amendments, Waivers, Etc.) of the Credit
Agreement with respect to the curing of any ambiguity, omission, defect or inconsistency, the
Administrative Agent and the Company hereby consent to the following modifications to Section 6.1.
(Financial Statements), each such modification effective as of the Closing Date:

     (i) Section 6.1(a) (Quarterly Reports) shall be modified to read as follows:

               (a) Quarterly Reports. Within 45 days after the end of each of the first three Fiscal
Quarters of each Fiscal Year, financial information regarding the Group Members consisting
of Consolidated unaudited balance sheets as of the close of such quarter and the related
statements of income and cash flow for such quarter and that portion of the Fiscal Year
ending as of the close of such quarter, setting forth in comparative form the figures for
the corresponding period in the prior year, in each case certified by a Responsible Officer
of the Company as fairly presenting the Consolidated financial position of the Group Members
as at the dates indicated and the results of their operations and cash flow for the periods
indicated in accordance with GAAP (subject to the absence of footnote disclosure and normal
year-end adjustments).

     (ii) Section 6.1(g) (Intercompany Loan Balances) shall be modified to read as follows:

     (g) Intercompany Loan Balances. Together with each delivery of any Financial Statement
pursuant to clause (a) or (b) above, a summary of the outstanding balance of all
intercompany Indebtedness as of the last day of the Fiscal Quarter covered by such Financial
Statement, certified by a Responsible Officer of the Company.

          SECTION 3. Conditions to Effectiveness. This Amendment shall become effective as of
September 28, 2006 (the “Effective Date”) upon the satisfaction of each of the following conditions
precedent:

5

 

          (a) the Administrative Agent shall have received counterparts of this Amendment executed by
each Borrower and the Administrative Agent;

          (b) the Administrative Agent shall have received an Acknowledgment and Consent duly executed
by each Lender constituting the Requisite Lenders;

          (c) (i) The Lenders shall have received payment of all fees as required by Section 4 hereof
and (ii) the Administrative Agent shall have received payment of all fees, costs and expenses,
including, without limitation, all fees, costs and expenses of the Administrative Agent (including,
without limitation, the reasonable fees and out-of-pocket expenses of counsel for the
Administrative Agent) in connection with this Amendment, the Credit Agreement and each other Loan
Document, as required by Section 5 hereof.

          SECTION 4. Fees. As consideration for the execution of this Amendment, the Company,
on behalf of each Borrower, agrees to pay to the Administrative Agent, for the account of each
Lender from which the Administrative Agent shall have received (by facsimile or otherwise) an
executed Acknowledgment and Consent with respect to this Amendment by 5 p.m. (New York time) on
September 21, 2006, a fee equal to 0.1% of the sum of (A) such Lender’s Revolving Credit Commitment
then in effect and (B) the principal amount of such Lender’s Term Loans then outstanding.

          SECTION 5. Costs and Expenses. As provided in Section 11.3(a) (Costs and Expenses) of
the Credit Agreement, each Borrower jointly and severally agrees to reimburse the Administrative
Agent for all reasonable fees, costs and expenses, including the reasonable fees, costs and
expenses of counsel or other advisors for advice, assistance or other representation in connection
with this Amendment, to the extent invoiced to the Borrowers no less than one Business Day prior to
the Effective Date.

          SECTION 6. Construction with the Loan Documents.

          (a) On and after this Amendment becoming effective in accordance with Section 3, each
reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of
like import, and each reference in the other Loan Documents to the Credit Agreement, shall mean and
be a reference to the Credit Agreement as amended or otherwise modified hereby, and this Amendment
and the Credit Agreement shall be read together and construed as a single instrument. The table of
contents, signature pages and list of Exhibits and Schedules of the Credit Agreement shall be
deemed modified to reflect the changes made by this Amendment.

          (b) Except as expressly amended or otherwise modified hereby, all of the terms and provisions
of the Credit Agreement and all other Loan Documents are and shall remain in full force and effect
and are hereby ratified and confirmed, including the respective guarantees and security interests
granted pursuant to the respective Loan Documents.

          (c) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver
of any right, power or remedy of the Lenders, the Issuers or the Agents under any of the Loan
Documents, nor constitute a waiver or amendment of any provision of any of the Loan Documents or
for any purpose except as expressly set forth herein.

          (d) This Amendment is a Loan Document.

6

 

          (e) This Amendment shall not extinguish or otherwise constitute a novation of the Obligations
outstanding under the Credit Agreement or discharge or release the Lien or priority of any Loan
Document or any other security therefor or any guarantee thereof. The Credit Agreement and each of
the other Loan Documents shall remain in full force and effect, except as modified hereby or
thereby in connection herewith or therewith.

          SECTION 7. Representations And Warranties. Each Borrower hereby represents and
warrants, on and as of the date hereof, both prior and after giving effect to this Amendment, that
(i) it has taken all necessary actions to authorize the execution, delivery, and performance of
this Amendment, (ii) this Amendment has been duly executed and delivered by such Borrower, (iii)
this Amendment is the legal, valid and binding obligation of such Borrower, enforceable against it
in accordance with its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’
rights generally and by general equitable principles, (iv) each of the representations and
warranties made by it in the Credit Agreement, as amended hereby, and the other Loan Documents,
shall be true and correct in all material respects (other than representations and warranties in
any such Loan Document which expressly speak as of an earlier date, which shall have been true and
correct in all material respects as of such earlier date) and (v) no Default or Event of Default
has occurred and is continuing (other than any Default or Event of Default expressly waived by
Section 1(a), (b) or (c) of this Amendment).

          SECTION 8. Governing Law. This Amendment and the rights and obligations of the parties
hereto shall be governed by, and construed and interpreted in accordance with, the law of the State
of New York.

          SECTION 9. Execution in Counterparts. This Amendment may be executed in any number of
counterparts and by different parties in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall constitute one and the same
agreement. Signature pages may be detached from multiple separate counterparts and attached to a
single counterpart so that all signature pages are attached to the same document. Delivery of an
executed counterpart by telecopy shall be effective as delivery of a manually executed counterpart
of this Amendment.

          SECTION 10. Integration. This Amendment, together with the other Loan Documents,
incorporates all negotiations of the parties hereto with respect to the subject matter hereof and
is the final expression and agreement of the parties hereto with respect to the subject matter
hereof.

[Signature pages follow]

7

 

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

	 	 	 	 	 
	 	Affiliated Computer Services, Inc.,

ACS Commercial Solutions, Inc.,

ACS Education Services, Inc.,

ACS Enterprise Solutions, Inc.,

ACS HR Solutions, LLC,

ACS Outsourcing Solutions, Inc.,

ACS State & Local Solutions, Inc., 

ACS State Healthcare, LLC,

ACS TradeOne Marketing, Inc.,

      as Borrowers

 	 
	 	By:  	/s/ Nancy P. Vineyard
 	 
	 	 	Name:  	Nancy P. Vineyard 	 
	 	 	Title:  	Treasurer 	 
	 
	 	ACS Worldwide Lending Limited,

      as Borrower

 	 
	 	 	 
	 	 	 
	 	 	 
	 
	 	 	 
	 	By:  	                /s/ Nancy P. Vineyard
 	 
	 	 	Name:  	Nancy P. Vineyard 	 
	 	 	Title:  	Treasurer 	 
	 

 

 

	 	 	 	 	 
	 	Buck Consultants, LLC,

      as Borrower

 	 
	 	By:  	/s/ Gary Stephen
 	 
	 	 	Name:  	Gary Stephen 	 
	 	 	Title:  	Treasurer 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	Citicorp USA, Inc.,

      as Administrative Agent

 	 
	 	By:  	/s/ John Judge
 	 
	 	 	Name:  	John Judge 	 
	 	 	Title:  	Vice President 	 
	 

 

 

Exhibit A to

Amendment No. 3, Consent and Waiver

to and under Credit Agreement

Acknowledgement And Consent

			
	To:	 	Citicorp USA, Inc., as Administrative Agent

338 Greenwich Street, 21st Floor

New York, New York 10013

Attention: James M. Walsh

			
	Re:	 	Affiliated Computer Services, Inc. — Amendment No.3, Consent and Waiver 

          Reference is made to the Credit Agreement, dated as of March 20, 2006 (as amended),
among Affiliated Computer Services, Inc., a Delaware corporation (the “Company”), ACS
Commercial Solutions, Inc., a Nevada corporation, ACS Education Services, Inc., a
Delaware corporation, ACS Enterprise Solutions, Inc., a Delaware corporation, ACS HR
Solutions, LLC, a Pennsylvania limited liability company, ACS Outsourcing Solutions,
Inc., a Michigan corporation, ACS State & Local Solutions, Inc., a New York
corporation, ACS State Healthcare, LLC, a Delaware limited liability company, ACS
TradeOne Marketing, Inc., a Delaware corporation, Buck Consultants, LLC, a Delaware
limited liability company, ACS Worldwide Lending Limited, a limited company organized
under the laws of England and Wales, and each other Subsidiary Borrower party thereto from time to
time, the Lenders and Issuers party thereto from time to time, and Citicorp
USA, Inc. (“Citicorp”), as administrative agent (in such capacity, the
“Administrative Agent”). Unless otherwise specified herein, all capitalized terms used in this
Acknowledgment and Consent shall have the meanings ascribed to such terms in the Credit Agreement.

          The Company has requested that the Lenders amend the Credit Agreement and consent to a waiver
under the Credit Agreement on the terms described in Amendment No.3, Consent and Waiver to and
under Credit Agreement (the “Amendment”), the form of which is attached hereto.

          Pursuant to Section 11.1(a) (Amendments, Waivers, Etc.) of the Credit Agreement, the
undersigned Lender hereby consents to the terms of the Amendment and authorizes the Administrative
Agent to execute and deliver the Amendment on its behalf.

	 	 	 	 	 
	 	Very truly yours,

	 	 
	 	[Name of Lender]
	 
	 	By:  	 	 
	 	 	Name:  	
 	 
	 	 	Title:  	 	 
	 

Dated as of September __, 2006

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