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Exhibit 10.1    
    

 
 

SEVENTH AMENDMENT TO LOAN AND
  SECURITY AGREEMENT    
    

        This Amendment, dated as of May 8, 2003, is made by and between CIBER, INC., a Delaware corporation (the "Borrower"), and WELLS FARGO BANK, NATIONAL
ASSOCIATION (the "Lender"). 

Recitals  

        The Borrower and the Lender are parties to a Loan and Security Agreement dated as of September 26, 2001, as amended by a First Modification to Loan and
Security Agreement dated as of December 31, 2001, a letter amendment to the Loan and Security Agreement dated as of March 12, 2002, a Third Amendment to Loan and Security Agreement dated
as of May 6, 2002, a letter amendment to the Loan and Security Agreement dated as of August 2, 2002, an Amendment to Loan and Security Agreement dated as of November 8, 2002 and a
Sixth Amendment to Loan and Security Agreement dated as of December 15, 2002 (as so amended, the "Loan Agreement"). Capitalized terms used in these recitals have the meanings given to them in
the Loan Agreement unless otherwise specified. 

        The
Borrower has requested that certain amendments be made to the Loan Agreement, which the Lender is willing to make pursuant to the terms and conditions set forth herein. 

        NOW,
THEREFORE, in consideration of the premises and of the mutual covenants and agreements herein contained, it is agreed as follows: 

        1.    Defined Terms.    Capitalized terms used in this Amendment which are defined in the Loan Agreement shall have
the same meanings as defined therein, unless otherwise defined herein. 

        2.     Section 1.1
of the Loan Agreement is hereby amended by adding or amending, as the case may be, the following subsections to read in their entirety as follows: 

        "(hhh)    'Alphanet
Acquisition' means the acquisition by Borrower of all of the issued and outstanding shares of Alphanet Solutions, Inc. pursuant to the Alphanet
Agreement. 

        (iii)    'Alphanet
Agreement' means that certain Agreement and Plan of Merger by and among Borrower, CIBER Acquisition Corporation and Alphanet Solutions, Inc., dated as
of April 21, 2003. 

        (jjj)    'Closing
Date' means the 'Closing Date' as defined in the Alphanet Agreement." 

        3.     Section 2.1
of the Loan Agreement is hereby amended to read in its entirety as follows: 

"Section 2.1    Commitment.    Subject to the terms and conditions of this Agreement and the Other Agreements and provided
further that Borrower is not in default thereunder, and prior to the Termination Date, Lender shall make Loans and/or issue Letters of Credit to Borrower as Borrower shall from time to time request
(the 'Commitment'). The aggregate unpaid principal of all Loans outstanding at any one time shall not exceed Seventy-Five Million Dollars ($75,000,000), subject to reductions in the
maximum amount of the Commitment from time to time pursuant to Section 2.8, less the aggregate undrawn face amount of the Letters of Credit. If at any time the outstanding principal balance of
the Loans exceeds Loan Availability, Borrower shall immediately, and without the necessity of a demand by Lender, pay to Lender such amount as may be necessary to eliminate such excess." 

        4.     Section 2.8(b)
of the Loan Agreement is hereby amended to read in its entirety as follows: 

"As
of the earlier of July 31, 2003 or within five (5) days after the Closing Date, the Commitment shall automatically be reduced to Fifty Million Dollars ($50,000,000), as of
September 30, 2003, the Commitment shall automatically be reduced to Forty-Seven Million 

 

Five
Hundred Thousand Dollars ($47,500,000), and as of December 31, 2003, and as of the last Business Day of each calendar quarter thereafter, the Commitment shall automatically be reduced in
the amount of Two Million Five Hundred Thousand Dollars ($2,500,000)." 

        5.     Section 5.1(t)(iii)
of the Loan Agreement is hereby amended retroactively to March 31, 2002 to read in its entirety as follows: 

"Leverage
Ratio. Borrower shall not allow the ratio of Total Funded Indebtedness to EBITDA for the 12-month period ending on the last day of each quarter to exceed 1.00:1.00." 

        6.     Article V
of the Loan Agreement is hereby amended by adding a new Section 5.3 to read in its entirety as follows: 

"Section 5.3.    Covenant related to the Alphanet Acquisition.    Unless Borrower obtains Lender's prior written consent
waiving or modifying any of Borrower's covenants hereunder in any specific instance, Borrower agrees to pay the Lender on the earlier of July 31, 2003 or within five (5) days after the
Closing Date, the greater of (a) an amount equal to the amount required to reduce the sum of (i) the aggregate undrawn face amount of the Letters of Credit and (ii) the aggregate
unpaid principal of all Loans outstanding, to $50,000,000 or (b) $20,000,000." 

        7.    Alphanet Guarantee.    The Borrower acknowledges and agrees that its failure to cause Alphanet
Solutions, Inc. to deliver to the Lender, within ten (10) days Business Days after the Closing Date, a properly executed guarantee, in form and substance acceptable to the Lender in its
sole discretion, shall constitute an Event of Default. 

        8.    Consent to Acquisition.    Upon satisfaction of the conditions precedent set forth in Paragraph 11
hereof, the Lender hereby consents to the Alphanet Acquisition and hereby waives any breaches of the Loan Agreement and the Other Agreements arising as result of, or in connection with, the Alphanet
Acquisition. 

        9.    No Other Changes.    Except as explicitly amended by this Amendment, all of the terms and conditions of the Loan
Agreement shall remain in full force and effect and shall apply to any Loan or Letter of Credit thereunder. This Amendment complies with Section 11.5 of the Loan Agreement. Borrower
acknowledges that the Lender has not committed to make any further amendments or modifications to the Loan Agreement or any other agreement or instrument beyond the amendments made herein, and that
any further amendments or modifications to the Loan Agreement remain in the sole discretion of the Lender. 

        10.    Waiver of Defaults.    The Borrower is in default of Section 5.1(t)(iii) of the Loan Agreement as of
March 31, 2002 (the "Existing Default"). Upon the terms and subject to the conditions set forth in this Amendment, the Lender hereby waives the Existing Default. This waiver shall be effective
only in this specific instance and for the specific purpose for which it is given, and this waiver shall not entitle the Borrower to any other or further waiver in any similar or other circumstances. 

        11.    Conditions Precedent.    This Amendment, and the waivers set forth in Paragraph 8 and
Paragraph 10 hereof, shall be effective when the Lender shall have received an executed original hereof, together with each of the following, each in substance and form acceptable to the Lender
in its sole discretion: 

        (a)   The
Acknowledgment and Agreement of Guarantors set forth at the end of this Amendment, duly executed by each Guarantor. 

        (b)   A
Certificate of the Secretary of the Borrower certifying as to (i) the resolutions of the board of directors of the Borrower approving the execution and delivery
of this Amendment, (ii) the fact that the certificate of incorporation and bylaws of the Borrower, which were certified 

2

 

and
delivered to the Lender pursuant to the Secretary's Certificate of the Borrower's secretary or assistant secretary dated as of September 24, 2001 continue in full force and effect and have
not been amended or otherwise modified except as set forth in the Certificate to be delivered, and (iii) certifying that the officers and agents of the Borrower who have been certified to the
Lender, pursuant to the Secretary's Certificate of the Borrower's secretary dated as of September 24, 2001, as being authorized to sign and to act on behalf of the Borrower continue to be so
authorized or setting forth the sample signatures of each of the officers and agents of the Borrower authorized to execute and deliver this Amendment and all other documents, agreements and
certificates on behalf of the Borrower. 

        12.    Borrower's Representations and Warranties.    The Borrower hereby represents and warrants to the Lender as
follows: 

        (a)   The
Borrower has all requisite corporate power and authority to execute this Amendment and to perform all of its obligations hereunder, and this Amendment has been duly
executed and delivered by the Borrower and constitute the legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms. 

        (b)   The
execution, delivery and performance by the Borrower of this Amendment has been duly authorized by all necessary corporate action and do not (i) require any
authorization, consent or approval by any governmental department, commission, board, bureau, agency or instrumentality,
domestic or foreign, (ii) violate any provision of any law, rule or regulation or of any order, writ, injunction or decree presently in effect, having applicability to the Borrower, or the
certificate of incorporation or by-laws of the Borrower, or (iii) result in a breach of or constitute a default under any indenture or loan or credit agreement or any other
agreement, lease or instrument to which the Borrower is a party or by which it or its properties may be bound or affected. 

        (c)   All
of the representations and warranties contained in Article IV of the Loan Agreement are correct on and as of the date hereof as though made on and as of such
date, except to the extent that such representations and warranties relate solely to an earlier date. 

        13.    References.    All references in the Loan Agreement to "this Agreement" shall be deemed to refer to the Loan
Agreement as amended hereby; and any and all references in the Security Documents to the Loan Agreement shall be deemed to refer to the Loan Agreement as amended hereby. 

        14.    No Other Waiver.    Except as set forth in Paragraph 8 and Paragraph 10 hereof, the execution of
this Amendment and any documents related hereto shall not be deemed to be a waiver of any default or Event of Default under the Loan Agreement or breach, default or event of default under any Security
Document or other document held by the Lender, whether or not known to the Lender and whether or not existing on the date of this Amendment. 

        15.    Costs and Expenses.    The Borrower hereby reaffirms its agreement under the Loan Agreement to pay or reimburse
the Lender on demand for all costs and expenses incurred by the Lender in connection with the Loan Documents, including without limitation all reasonable fees and disbursements of legal counsel.
Without limiting the generality of the foregoing, the Borrower specifically agrees to pay all fees and disbursements of counsel to the Lender for the services performed by such counsel in connection
with the preparation of this Amendment and the documents and instruments incidental hereto. The Borrower hereby agrees that the Lender may, at any time or from time to time in its sole discretion and
without further authorization by the Borrower, make a loan to the Borrower under the Loan Agreement, or apply the proceeds of any loan, for the purpose of paying any such fees, disbursements, costs
and expenses. 

3

 

        16.    Miscellaneous.    This Amendment and the Acknowledgment and Agreement of Guarantors may be executed in any
number of counterparts, each of which when so executed and delivered shall be deemed an original and all of which counterparts, taken together, shall constitute one and the same instrument. 

        IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first written above. 

	WELLS FARGO BANK, NATIONAL ASSOCIATION	 	CIBER, INC.
	

By:	
 	

/s/  JOHN R. HALL      
	
 	

By:	
 	

/s/  MAC J. SLINGERLEND      

	Name:	 	John R. Hall	 	Name:	 	Mac J. Slingerlend
	Its:	 	Vice President	 	Its:	 	President

4

 
 
 

ACKNOWLEDGMENT AND AGREEMENT OF GUARANTORS    
    

        The undersigned, each a guarantor of the indebtedness of CIBER, INC. (the "Borrower") to Wells Fargo Bank, N.A. (the "Lender") pursuant to a separate
Guaranty (each, a "Guaranty"), hereby (i) acknowledges receipt of the foregoing Amendment; (ii) consents to the terms and execution thereof; (iii) reaffirms its obligations to the
Lender pursuant to the terms of its Guaranty; and (iv) acknowledges that the Lender may amend, restate, extend, renew or otherwise modify the Loan Agreement and any indebtedness or agreement of
the Borrower, or enter into any agreement or extend additional or other credit accommodations, without notifying or obtaining the consent of the undersigned and without impairing the liability of the
undersigned under its Guaranty for all of the Borrower's present and future indebtedness to the Lender. 

	 	 	DigiTerra, Inc.,

a Delaware corporation
	

 	
 	

By:	
 	

/s/  MAC J. SLINGERLEND      

	 	 	Name:	 	Mac J. Slingerlend
	 	 	Its:	 	Vice President
	

 	
 	

CIBER Associates, Inc.,

a Delaware corporation
	

 	
 	

By:	
 	

/s/  MAC J. SLINGERLEND      

	 	 	Name:	 	Mac J. Slingerlend
	 	 	Its:	 	President
	

 	
 	

CIBER, International, Inc.,

a Delaware corporation
	

 	
 	

By:	
 	

/s/  MAC J. SLINGERLEND      

	 	 	Name:	 	Mac J. Slingerlend
	 	 	Its:	 	President and Chief Executive Officer
	

 	
 	

CIBER (UK) LIMITED
	

 	
 	

By:	
 	

    

	 	 	Name:	 	    

	 	 	Its:	 	    

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Exhibit 10.1

SEVENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

ACKNOWLEDGMENT AND AGREEMENT OF GUARANTORS<PAGE>

                                                                    EXHIBIT 4.6

              Petro-Canada

              P.O. Box 2844
              150 - 6th Avenue S.W.
              Calgary, Alberta T2P 3E3
              Telephone (403) 296-8000
              Telex 03-821524
              Facsimile (403) 296-3030

[PETRO-CANADA LOGO]

         March 20, 2003

         To:  All Canadian Securities Commissions
              The Toronto Stock Exchange

         RE:  MATERIAL CHANGE REPORT

         Petro-Canada announced today that Norman F. McIntyre has decided to
         retire as President of Petro-Canada, effective the first quarter of
         2004.

         Mr. McIntyre has been with Petro-Canada since 1982. Resident in London,
         he currently manages the Corporation's significant international
         interests, largely acquired through the purchase of the assets of Veba
         in early 2002.

         Mr. McIntyre's biography accompanies this release.

         The foregoing accurately discloses the material change referred to
         herein. For further information please contact me at (403) 296-7778.

         I attach a copy of a press release dated March 20, 2003.

         "HUGH L. HOOKER"
         Hugh L. Hooker
         Associate General Counsel
         and Assistant Secretary

<PAGE>

                                                             [PETRO-CANADA LOGO]

COMMUNIQUE                            O                               COMMUNIQUE
CORPORATE COMMUNICATIONS                            COMMUNICATIONS DE LA SOCIETE
--------------------------------------------------------------------------------

                                                           FOR IMMEDIATE RELEASE
                                                                  MARCH 20, 2003

                  Petro-Canada Announces President's Retirement

CALGARY - Petro-Canada today announced that Norman F. McIntyre has decided to
retire as President of Petro-Canada, effective in the first quarter of 2004.

Mr. McIntyre has been with Petro-Canada since 1982. Resident in London, he
currently manages the Corporation's significant international interests, largely
acquired through the purchase of the assets of Veba in early 2002.

Petro-Canada CEO Ron Brenneman thanked Mr. McIntyre for his contribution to the
Corporation. "In the course of his career, Norm McIntyre has been one of the
builders of the modern Canadian oil and gas industry, just as he has been one of
the builders of Petro-Canada since joining the company over 20 years ago. Under
his guidance, Petro-Canada has become a leading player in the development of
Canada's world-class upstream opportunities, including East Coast oil, the
Athabasca oil sands, and Western Canada gas, and is now a significant player
internationally. As a result of these initiatives starting to come to fruition,
Petro-Canada doubled its upstream production last year, an outstanding
accomplishment for a company of our size. We owe Norm a large debt of gratitude
for his exemplary contribution to the corporation, to the industry, and to the
community."

Mr. McIntyre's biography accompanies this release.

Petro-Canada is one of Canada's largest oil and gas companies, operating in both
the upstream and downstream sectors of the industry in Canada and
internationally. Our common shares trade on the Toronto Stock Exchange under the
symbol PCA and on the New York Stock Exchange under the symbol PCZ.

                                      -30-

For more information, please contact:

Media and General Inquiries:                    Investor and Analyst Inquiries:
Rob Andras                                      Gordon Ritchie
Corporate Communications                        Investor Relations
(403) 296-8586                                  (403) 296-7691
E-mail: andras@petro-canada.ca                  E-mail: investor@petro-canada.ca

                       Internet site: www.petro-canada.ca

                         (publie egalement en francais)
<PAGE>

[PETRO-CANADA LOGO]

                                    BIOGRAPHY

                               NORMAN F. MCINTYRE
                                    PRESIDENT
                                  PETRO-CANADA

Mr. McIntyre joined Petro-Canada in 1982. He was responsible for guiding
Petro-Canada's growth in the Frontier regions, progressing from Engineering
Group Manager to Vice-President, Frontier Development. He then undertook the
responsibilities of Senior Vice-President, Production, co-ordinating all
Production functions within the Resources organization.

In 1989, Mr. McIntyre was appointed Senior Vice-President, Western Region in the
Products division, responsible for all downstream operations in Western Canada.
He was appointed President of the Resources division in 1991. In 1995 he was
appointed Executive Vice-President of Petro-Canada, accountable for the
establishment and achievement of all upstream business objectives both
nationally and internationally. Mr. McIntyre played a key role in making
Petro-Canada a leading participant in the major areas of upstream opportunity in
Canada, including East Coast oil, the Athabasca oil sands, and Western Canada
gas.

Early in 2002, Mr. McIntyre was appointed President of Petro-Canada. The
appointment took place as the Corporation undertook the significant expansion of
its international activity resulting from the $3.2 billion acquisition of the
Veba upstream business from BP. Based in London, Mr. McIntyre represents
Petro-Canada's interests in aligning the newly acquired international assets
with the Corporation's strategy and direction. He continues to play a senior
role on the Executive Leadership Team, and provides advice and counsel to the
Chief Executive Officer on matters of business policy and overall strategy.

Prior to joining Petro-Canada in 1982, Mr. McIntyre spent 15 years with Mobil
Oil in progressively more responsible engineering and operations positions both
onshore and offshore in Canada and the United States.

He graduated from the University of Wyoming with a Bachelor of Science degree in
Petroleum Engineering, and has a Master of Science degree in Management from the
Massachusetts Institute of Technology.

Mr. McIntyre has served as Chairman of the Canadian Association of Petroleum
Producers (CAPP), Chairman of the Calgary Children's Cottage $1 Million
campaign, Chairman of the 1997 City of Calgary and area United Way campaign, and
Chairman and Director of the Canadian Association for the World Petroleum
Congresses (16th WPC held June 2000 in Calgary).

He has also served on the Boards of the Calgary Petroleum Club and the Calgary
Prostate Cancer Foundation. As well, he is a past board member of the City of
Calgary and area United Way and the Canadian Energy Research Institute (CERI);
past Chairman of the Centre for Cold Ocean Research and Engineering (C-CORE),
Panarctic Oils Ltd., and the Hibernia Management and Development Company Ltd.;
and past director of Syncrude Canada Ltd.

<PAGE>

Mr. McIntyre is a member of the Association of Professional Engineers, Geologist
and Geophysicists of Alberta, the Glencoe Golf & Country Club (Calgary), and the
Indian Ridge Golf & Country Club (Palm Desert).

March 2003

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