Document:

Exhibit 10.65

Exhibit 10.65

	
AMENDMENT TO THE January 28, 2000  
    	
        Revised : Aug. 15, 2000 
    
	
 ADOBE EUROPE “DIRECT” AGREEMENT 
    	

(Original Sent : May 31, 2000) 

    

This Amendment to the Adobe Europe “Direct” Agreement (“Agreement”) is

 between Adobe Systems Benelux B.V., a company incorporated in The Netherlands

 and having a place of business at Europlaza, Hoogoorddreef 54a, 1101 BE

Amsterdam ZO, The Netherlands (“Adobe”), and Sykes Europe Limited, a company

 incorporated in Scotland under the Companies Act with registered number and 

 having its registered office at Nether Road, Galashiels, Selkirkshire, TD1 3HE 

 (hereinafter called “Sykes”). This replaces an original set sent via E-Mail on

 May 31, 2000, which cannot be traced; and adds Item 3, Expansion of Countries for

 Adobe Direct. 

Adobe and Vendor agree as follows: 

		1.	Attachment 1. Adendum to Statement of Work encompassing Outbound Services,
    Version 1.1, Dated March 2000.
		 	  
		2.	Attachment 2: Pricing – Adobe Outbound Services, Version 1.0
			 
		3.	Attachment: Expansion of Countries to Adobe Direct program; including Pricing.
			 
		4.	Other Provisions. All other provisions of the Agreement remain in full force and
		 	effect.
		 	  

		 		 	
		ADOBE SYSTEMS BENELUX B.V.		SYKES EUROPE LIMITED	
		 		 	
		/S/		/S/	
		
    

   		
    

   	
		Authorized Signature		Authorized Signature	
		 		 	
		H. Evertse		Harry A. Jackson Jr.	
		
    

   		
    

   	
		Printed Name		Printed Name	
		 		 	
		Controller		VP & MD	
		
    

   		
    

   	
		Title		Title	
		 		 	
		8/16/00		9/1/00	
		
    

  		
    

  	
		Date		Date	

AMENDMENT TO ADOBE DIRECT CONTRACT –

EXPANSION OF COUNTRIES

 

	1.	Additional countries
		Spain, Portugal, Italy, Denmark, Norway, Finland as agreed with local country managers.
			 
	2.	Languages supported* 
		
	Spanish

  
	Italian

  
	English

    
		        *Sykes
      note: English is not widely used in Portugal. We recommend that Portugese is included in
      the language cover.
			 
	3.	Products to be offered
		All Adobe products including full version, upgrades and plug-ins as currently sold in direct countries.
			 
		Currencies
			Local currencies will be supported through the end of 2000.
Starting 2001 the Euro will replace local currencies with the exception of Denmark and Norway.
			 
		Payment Requirement
			Sykes will accept credit card payment for all new direct countries.
			 
	4.	Support Type
		Direct Sales will be supported by phone, fax and direct mail.
			 
	5.	Call Volume Analysis
			 
		Existing Countries: Call volume per month
		 French	       	[ * ]  
		Swiss	       	[ * ]
			 
		New Countries: Call volume per month
			 
		Italy 	       	[ * ]  
		Spain	       	[ * ]  
		Portugal	       	[ * ]
			 
	*	Confidential Treatment Requested

	6.	 Pricing	 

	 			
	New Country	Language Cover	
      Price

    	
	Denmark	English	See attachment :	[ * ]
	Norway	English	See attachment :	[ * ]
	Finland	English	See attachment :	[ * ]
	Portugal	English	See attachment :	[ * ]
	Italy	Italian		[ * ]
	Spain	Spanish		[ * ]
				 

	7.	Staffing 
      	 
		 
	
English cover:		 N/A: Priced per transaction
			
(Sykes estimate adding 2 English agents to ensure SLAs achieved)
		 
	
Spanish & Italian:	 	3 agents will be recruited for the program.

		 	 
	
8.	Set up	 
			 
		Telephony	Charge
		Line set up, per line per country	[ * ]
			 
	9.	Finance Charges 
      	
			 
	
As per [ * ]	
		 	
	*	Confidential Treatment Requested
      	
			 

Adobe Outbound Services 

version 1.0

	ORDER MANAGEMENT	 FEE TYPE	 CHARGE
	 		
	Outbound Agent Activity	 	   £
	Outbound call minutes as measured by the switch	[  *  ]	[  *  ]
	 	 	 
	 	 	 
	In-bound Sales - Enquiries:(referencing outbound campaign	 	 
	code)	 	 
	 	 	 
	Inbound Telephone Enquiry	[  *  ]	[  *  ]
	Inbound Mail Enquiry	[  *  ]	[  *  ]
	Inbound Fax Enquiry	[  *  ]	[  *  ]
	Inbound E-mail Enquiry	[  *  ]	[  *  ]
	 	 	 
	 	 	 
	In-bound Sales - Orders:(referencing outbound campaign code)	 	 
	 	 	 
	Telephone Order	[  *  ]	[  *  ]
	Fax Order	[  *  ]	[  *  ]
	Mail Order	[  *  ]	[  *  ]
	E-mail Order	[  *  ]	[  *  ]
	Web Orders	[  *  ]	[  *  ]
	Split orders	[  *  ]	[  *  ]
	RMA's	[  *  ]	[  *  ]
	 	 	 
	 	 	 
	Training	 	 
	 	 	 
	Agent training time	[  *  ]	[  *  ]
	Train the Trainer time	[  *  ]	[  *  ]
	 	 	 
	 	 	 
	Database Management:	 	 
	 	 	 
	normal management	[  *  ]	[  *  ]
	development	[  *  ]	[  *  ]
	database changes	[  *  ]	[  *  ]
	System Support:	 	 
	Support & Additional development	[  *  ]	[  *  ]
	 	 	 
	 	 	 
	Telebilling - Recharges:	 	 
	Inbound Calls	[  *  ]	 
	Outbound Calls Recharge	[  *  ]	 
	Faxes Recharge	[  *  ]	 
	Phone/Fax line + machine Rental Recharge	[  *  ]	 
	 	 	  

* Confidential Treatment Requested

Page 4

	ORDER FULFILLMENT	 Fee Type	 Charge
	 		
	Sales Order Fulfillment:	 	 
	Pick & Pack (per order)	[  *  ]	[  *  ]
	 	[  *  ]	[  *  ]
	RMA charges (excluding freight, duty, re-work and destruction
    where applicable)	[  *  ]	[  *  ]
	 		
	Marketing insert per unit	[  *  ]	[  *  ]
	 		
	Outbound Mail	[  *  ]	[  *  ]
	Rework	[  *  ]	[  *  ]
	 		
	Inventory Management:		
	Warehousing	[  *  ]	[  *  ]
	 		
	Destruction of Stock (security skip)	[  *  ]	[  *  ]
	 		
	System Support:		
	Support & Additional development	[  *  ]	[  *  ]
	 		
	Recharges:		
	Freight	[  *  ]	[  *  ]
	Couriers from Calder House	[  *  ]	[  *  ]
	IBRS - Business Reply	[  *  ]	[  *  ]
	 		
	FINANCE SERVICE	 FEE TYPE	 CHARGE
	Finance Management Fee:	[  *  ]	[  *  ]
	specific to any outbound campaign requirements out		
	 		
	Payment Processing	[  *  ]	[  *  ]

 * Confidential Treatment Requested

Page 5

Adobe Order Management

 Addendum to Statement of Work

Encompassing Outbound Services

Version1.1

 

 

March 2000

NOTE: All procedure charts in this Statement of Work are uncontrolled and are subject to change.

1 

Table of Contents

	
    

   
	TABLE OF CONTENTS	2
	 	
	EXECUTIVE SUMMARY	3
	 	
	      1.    ACCOUNT MANAGEMENT	 
	 	
	           
    1.1 Account Management Structure & Responsibilities .	3
	 	
	           
    1.2 Core Operational Team	4
	 	
	      2.   
    OUTBOUND PROJECT CRITERIA	5
	 	
	           
    2.1 Call Targets.	5
	 	
	           
    2.2 Call Scripting	6
	 	
	           
    2.3 Agent Training	6
	 	
	      3.   
    OUTBOUND SALES ORDER PROCESSING	6
	 	
	           
    3.1 Customer Profiling	6
	 	
	           
    3.2 Revenue Generation	7
	 	
	      4.    REPORTING	7
	 	
	      5.   
    PRICING	7

2

Executive Summary

This document describes the processes and environment under which Sykes will provide outbound telemarketing services to Adobe for Anti-Piracy campaigns and will also allow for the extension of existing order management services to include
regular outbound sales programs. The Statement of Work (SOW) should be seen as a live document and updated as and when necessary. 

1.      Account Management 

Overall responsibility for the performance and management of the Outbound services lies with the Client Group Manager (CGM). The CGM reports to the Call Centre Director who in turn reports to the Regional Director of Call Centre Services
(CCS). 

1.1    Account Management Structure & Responsibilities

The Sykes organisational structure consists of a core management team dedicated to Adobe programmes with responsibility for delivering all aspects of a clients business, whether it is implementation of a project or discussing a new service. The Account
or Project owner sit in the centre of the circle and call on the skills, knowledge and expertise of specialist functions within the organisation. These specialist functions would be from
Telecommunications, MIS, Finance, Legal or Distribution.

1.1.1  Client Group Manager

The CGM is responsible for the Client Group 1 overall performance and profitability.

Key Objectives

	Manage the relationship with Adobe and ensure satisfaction of outbound services delivered by Sykes.

	Manage the relationship with other teams, functions and BU’s within the Sykes organisation.

	Motivate and manage a core group of individuals to meet the KPI’s and business objectives of the outbound campaigns.

	Work with Business Manager to prepare pricing and new initiative for Outbound programmes.

3

1.1.2  Program Manager

Key Objectives 

	Co-ordinate all Outbound communication and feedback.

	Provide project management within the team regarding implementation for extended or new business.

	Provide the interface between Adobe Order Management and all aspects of Sykes’ business.

	Prepare pricing for extension to existing services

	Process management ownership.

1.2    Core Operational Team

The outbound programmes will initially be run from within the existing pool of Direct sales agents until such time as the of outbound calls/number of programme initiatives increases to an extent to allow for a dedicated resource to be applied.

1.2.1  Senior Supervisor

Key Objectives

	Ensure Team Lead and agents are aware of KPI’s.

	Monitor call performance and instigate corrective action to improve performance.

	Propose process improvements.

	Ensure ongoing training requirements are met.

	Carry out recruitment selection of agents with Team Lead assistance.

	Ensure processes are understood and adhered to.

1.2.2  Team Lead

Key Objectives 

	Work with Senior Supervisor, program Manager and Agents to ensure individual performance to provide the highest service quality

	Communicate policies and processes to agents.

	Manage team call monitoring process.

	Assist in team recruitment selection.

4 

1.2.3  Agent

Key Objectives

	To provide a professional and efficient outbound service function on behalf of Adobe.

	Handling of transactions for the outbound campaigns to the required KPI’s.

	Ensuring customers are aware of appropriate services and programs on offer.

2.      Outbound Project Criteria 

The following sub-heading give details of the call centre criteria required for outbound campaigns – any campaigns requiring specific process changes will result in an amendment to this SOW. All customer contact is logged in Siebel and a full
customer history maintained.

2.1    Call Targets

Adobe will provide Sykes with all call target listings. Sykes understands that these will be generated either from a local Adobe office or from the central database managed by Sykes within Calder House, Edinburgh.

Call target files should be submitted to Sykes in agreed format for each project to allow use of any predictive dialing tools which may become necessary. 

The call target files should have as a minimum the following information: 

	name

	title

	address

	phone number

	Adobe CSN (where applicable)

It is understood that as the outbound services develop that further criteria can be added. 

5 

2.2    Call Scripting

Adobe will provide Sykes with approved, and where necessary localised, call scripts for the outbound campaigns. Sykes understands that specific scripts will be developed for individual campaigns and that call testing may be required to determine the call
lengths and suitability.

2.3    Agent Training

Structured training will be a requirement for all outbound campaigns. The training shall encompass:

	Call script training

	Campaign training

This training should be delivered by the appropriate Adobe resource sponsoring the campaign. 

Sykes will provide all call centre, systems, process and telemarketing training necessary for outbound projects. 

All training programmes will be scheduled with the Sykes Senior Supervisor. 

3.      Outbound Sales Order Processing 

Sykes understands that for outbound campaigns there will be 2 main goals:

	1)	[    *    ]
	2)	[    *    ]

3.    Customer Profiling

All profiling information gathered during an outbound call will be entered into the Seibel database as managed by Sykes. This will encompass:

1.     updating an existing customer record with new data received 

2.     generating new customer records for customers not already present in the database 

        *    
Confidential Treatment Requested   

6 

3.2    Revenue Generation

A key element of all [   *   ] will be revenue generation through [   *   ].

	All sales will be processed as per the existing Sales Order Process detailed within the Order Management SOW. Existing KPI agreements will be adhered to unless otherwise agreed with Adobe.

	All product fulfillments resulting from the sale function will be fulfilled from
    [   *   ] through the normal Direct Sales Order Fulfillment process as detailed in the Order Management SOW. Existing Fulfillment KPI agreements will be adhered to unless otherwise agreed with Adobe.

All sales resulting from [   *   ] will be tagged, tracked and reported via
[   *   ] assigned to each project.

4.      Reporting 

Sykes will be able to provide Adobe with the following reporting metrics:

	[   *   ] including
    [   *   ]
	[   *   ]
	[   *   ]
	[   *   ]
	[   *   ]

5.      Pricing 

Pricing for out-bound services is detailed in the Pricing schedules attached to this statement of work.

Sykes agree that the pricing for outbound will be reviewed after [   *   ].

* Confidential Treatment Requested

7ex10-66

Exhibit 10.66

CREDIT AGREEMENT 

among 

ADOBE SYSTEMS INCORPORATED 

and 

LENDERS NAMED HEREIN 

and 

ABN AMRO BANK N.V.,

 as Administrative Agent for Lenders 

(364-Day Revolving Credit/Term Loan Facility) 

August 9, 2000 

 

TABLE OF CONTENTS

				
Page
  	
	SECTION
    I.	 	      INTERPRETATION	1	 
	   1.01.	 	Definitions	1	 
	   1.02.	 	GAAP	18	 
	   1.03.	 	Headings	18	 
	   1.04.	 	Plural Terms	18	 
	   1.05.	 	Time	19	 
	   1.06.	 	Governing Law	19	 
	   1.07.	 	Construction	19	 
	   1.08.	 	Entire Agreement	19	 
	   1.09.	 	Calculation of Interest and Fees	19	 
	   1.10.	 	References.	19	 
	   1.11.	 	Other Interpretive Provisions	20	 
	SECTION
    II.	 	      CREDIT FACILITIES	20	 
	   2.01.	 	Revolving Loans	20	 
	   2.02.	 	Extension of Revolving Loan Maturity Date	21	 
	   2.03.	 	Term Loans	23	 
	   2.04.	 	Interest	24	 
	   2.05.	 	Purpose	26	 
	   2.06.	 	Increases in Total Commitment, Commitment Reductions, Etc	27	 
	   2.07.	 	Fees	29	 
	   2.08.	 	Prepayments	29	 
	   2.09.	 	Other Payment Terms	30	 
	   2.10.	 	Loan Accounts; Notes	31	 
	   2.11.	 	Loan Funding	32	 
	   2.12.	 	Pro Rata Treatment	33	 
	   2.13.	 	Change of Circumstances	34	 
	   2.14.	 	Taxes on Payments	36	 

i

TABLE OF CONTENTS

(continued)

				
Page
   	
	   2.15.	 	Funding Loss Indemnification	38	 
	   2.16.	 	Replacement of Lenders	38	 
	SECTION III.	 	      CONDITIONS PRECEDENT	39	 
	   3.01.	 	Initial Conditions Precedent	39	 
	   3.02.	 	Conditions Precedent to Term Loan Borrowing	39	 
	   3.03.	 	Conditions Precedent to Each Credit Event	39	 
	   3.04.	 	Covenant to Deliver	40	 
	SECTION IV. 	 	      REPRESENTATIONS AND WARRANTIES	40	 
	   4.01.	 	Borrower’s Representations and Warranties	40	 
	   4.02.	 	Reaffirmation	44	 
	SECTION V.	 	      COVENANTS	45	 
	   5.01.	 	Affirmative Covenants	45	 
	   5.02.	 	Negative Covenants	48	 
	   5.03.	 	Financial Covenants	56	 
	SECTION VI. 	 	      DEFAULT	56	 
	   6.01.	 	Events of Default	56	 
	   6.02.	 	Remedies	58	 
	SECTION VII. 	 	      AGENTS AND RELATIONS AMONG LENDERS	59	 
	   7.01.	 	Appointment, Powers and Immunities of Administrative Agent	59	 
	   7.02.	 	Reliance by Administrative Agent	59	 
	   7.03.	 	Defaults	60	 
	   7.04.	 	Indemnification	60	 
	   7.05.	 	Non-Reliance	60	 
	   7.06.	 	Resignation or Removal of Administrative Agent	61	 
	   7.07.	 	Administrative Agent in its Individual Capacity	61	 
	SECTION VIII. 	 	      MISCELLANEOUS	62	 
	   8.01.	 	Notices	62	 

ii

TABLE OF CONTENTS

(continued) 

				
Page
  	
	8.02.	 	Expenses	63	 
	8.03.		Indemnification	63	
	8.04.	 	Waivers; Amendments	64	 
	8.05.		Successors and Assigns	64	
	8.06.	 	Setoff	68	 
	8.07.	 	No Third Party Rights	68	 
	8.08.	 	Partial Invalidity	68	 
	8.09.	 	Jury Trial	68	 
	8.10.	 	Confidentiality	69	 
	8.11.	 	Counterparts	70	 
	SCHEDULES	 		 
	 	 		 
	I	Lenders	 	 
	II	Pricing Grid	 	 
	3.01	Initial Conditions Precedent	 	 
	4.01(q)	Subsidiaries	 	 
	5.02(a)	Existing Indebtedness	 	 
	5.02(b)	Existing Liens	 	 
	5.02(e)	Existing Investments	 	 
	 	 	 	 
	EXHIBITS	 		 
	 	 	 	 
	A	Notice of Revolving Loan Borrowing (2.01(b))	 	 
	B	Extension Request (2.02(a))	 	 
	C	Notice of Term Loan Borrowing (2.03(b))	 	 
	D	Notice of Interest Period Selection (2.04(b))	 	 
	E	Notice of Term Loan Conversion (2.04(c))	 	 
	F	New Lender Joinder (2.06(a))	 	 
	G	Consent to Increase Commitment (2.06(a))	 	 
	H	Revolving Loan Note (2.10(b))	 	 
	I	Term Loan Note (2.10(c))	 	 
	J	Assignment Agreement (8.05(c))	 	 

iii 

An extra section break has been inserted above this paragraph. Do not delete this section break if you plan to add text after the Table of Contents/Authorities. Deleting this break will cause Table of Contents/Authorities headers and footers to appear on
any pages following the Table of Contents/Authorities.

 

CREDIT AGREEMENT

          THIS
CREDIT AGREEMENT, dated as of August 9, 2000, is entered into by and among:

		          (1) 
      ADOBE SYSTEMS INCORPORATED, a Delaware corporation (“Borrower”);
                (2) 
      Each of the financial institutions from time to time listed in Schedule
      I hereto, as amended from time to time (such financial institutions to
      be referred to herein collectively as “Lenders”); and

                (3) 
      ABN AMRO BANK N.V., as agent for Lenders (in such capacity, “Administrative
      Agent”).

    

RECITALS

		A.  Borrower has requested Lenders to
      provide certain credit facilities to Borrower.
      B.  Lenders are willing to provide such credit
      facilities upon the terms and subject to the conditions set forth herein.

    

AGREEMENT

          NOW,
THEREFORE, in consideration of the above Recitals and the mutual covenants
herein contained, the parties hereto hereby agree as follows:

SECTION I.     INTERPRETATION.

          1.01. 
Definitions. Unless otherwise indicated in this Agreement or any other
Credit Document, each term set forth below, when used in this Agreement or any
other Credit Document, shall have the respective meaning given to that term
below or in the provision of this Agreement or other document, instrument or
agreement referenced below.

		          “ABN
      AMRO” shall mean ABN AMRO Bank N.V.
                “Administrative
      Agent” shall have the meaning given to that term in clause (3) of
      the introductory paragraph hereof.

                “Administrative
      Agent’s Fee Letter” shall mean the letter agreement dated as of
      August 9, 2000, between Borrower and Administrative Agent regarding
      certain fees payable by Borrower to Administrative Agent.

    

1

		          “Adobe
      Incentive Partners” shall mean Adobe Incentive Partners, L.P., a
      California limited partnership, in which Borrower is the general partner
      and all of the limited partners are Borrower or Affiliates of Borrower.
                “Adobe
      Incentive Partners Distributions” shall mean distributions of cash
      or securities owned by Adobe Incentive Partners, repurchases of unvested
      partnership interests in Adobe Incentive Partners, and issuances of
      partnership interests in Adobe Incentive Partners.

                “Affiliate”
      shall mean, with respect to any Person, (a) each Person that, directly or
      indirectly, owns or controls, whether beneficially or as a trustee,
      guardian or other fiduciary, ten percent (10%) or more of any class of
      Equity Securities of such Person, (b) each Person that controls, is
      controlled by or is under common control with such Person or any Affiliate
      of such Person or (c) each of such Person’s officers, directors, general
      partners and, if such Person is a joint venture organized as a separate
      legal entity, joint venturers having powers comparable to a general
      partner; provided, however, that in no case shall any of the
      following Persons be deemed to be an Affiliate of Borrower or any of its
      Subsidiaries for purposes of this Agreement: (i) Administrative Agent or
      any Lender or (ii) the general partner of any VC Partnership which would
      otherwise be deemed an Affiliate solely because it acts as general partner
      and controls such VC Partnership. For the purpose of this definition, “control”
      of a Person shall mean the possession, directly or indirectly, of the
      power to direct or cause the direction of its management or policies.

                “Agreement”
      shall mean this Credit Agreement.

                “Applicable
      Lending Office” shall mean, with respect to any Lender, (a) in the
      case of its Base Rate Loans and Base Rate Portions, its Domestic Lending
      Office, and (b) in the case of its LIBOR Loans and LIBOR Portions, its
      Euro-Dollar Lending Office. “Applicable Margin” shall mean,
      with respect to any Loan or Portion at any time, the per annum
      margin which is determined pursuant to the Pricing Grid and added to the
      Base Rate or LIBO Rate, as the case may be, for such Loan or Portion; provided,
      however, that each Applicable Margin determined pursuant to the
      Pricing Grid shall be increased by two percent (2.00%) per annum on
      the date an Event of Default occurs and shall continue at such increased
      rate unless and until such Event of Default is waived or cured in
      accordance with this Agreement. The Applicable Margins shall be determined
      as provided in the Pricing Grid and may change for each Pricing Period.

                “Assignee
      Lender” shall have the meaning given to that term in Subparagraph
      8.05(c).

                “Assignment”
      shall have the meaning given to that term in Subparagraph 8.05(c).

                “Assignment
      Agreement” shall have the meaning given to that term in Subparagraph
      8.05(c).

2

	
    	          “Assignment
      Effective Date” shall have, with respect to each Assignment
      Agreement, the meaning set forth therein.
                “Assignor
      Lender” shall have the meaning given to that term in Subparagraph
      8.05(c).

                “Base
      Rate” shall mean, on any day, the greater of (a) the Prime Rate in
      effect on such date and (b) the Federal Funds Rate for such day plus
      one-half percent (0.50%).

                “Base
      Rate Loan” shall mean, at any time, a Revolving Loan which then
      bears interest as provided in clause (i) of Subparagraph 2.04(a).

                “Base
      Rate Portion” shall mean, at any time, a Portion of the Term Loan
      Borrowing or a Term Loan, as the case may be, which then bears interest as
      provided in clause (i) of Subparagraph 2.04(a).

                “Borrower”
      shall have the meaning given to that term in clause (1) of the
      introductory paragraph hereof.

                “Borrowing”
      shall mean a Revolving Loan Borrowing or the Term Loan Borrowing.

                “Business
      Day” shall mean any day on which (a) commercial banks are not
      authorized or required to close in San Francisco, California, New York,
      New York or Chicago, Illinois, and (b) if such Business Day is related to
      a LIBOR Loan or a LIBOR Portion, dealings in Dollar deposits are carried
      out in the London interbank market.

                “Capital
      Adequacy Requirement” shall have the meaning given to that term in Subparagraph
      2.13(d).

                “Capital
      Asset” shall mean, with respect to any Person, any tangible fixed or
      capital asset owned or leased (in the case of a Capital Lease) by such
      Person, or any expense incurred by such Person that is required by GAAP to
      be reported as a non-current asset on such Person’s balance sheet.

                “Capital
      Leases” shall mean any and all lease obligations that, in accordance
      with GAAP, are required to be capitalized on the books of a lessee.

                “Change
      of Control” shall mean

  

		

                (a) With
      respect to Borrower, (i) the acquisition after the date hereof by any
      person or group of persons (within the meaning of Section 13 or 14 of the
      Securities Exchange Act of 1934 (as amended, the “Exchange Act”)) of
      (A) beneficial ownership (within the meaning of Rule 13d-3 promulgated by
      the Securities and Exchange Commission under the Exchange Act) of fifty
      percent (50%) or more of the outstanding Equity Securities of Borrower
      entitled to vote for members of the board of directors, or (B) all or
      substantially all of the assets of

3

		Borrower; or (ii) during any period of twelve
      (12) consecutive calendar months, individuals who are directors of
      Borrower on the first day of such period (“Initial Directors”) and any
      directors of Borrower who are specifically approved by two-thirds of the
      Initial Directors and previously-approved Directors shall cease to
      constitute a majority of the Board of Directors of Borrower before the end
      of such period; or
                (b)
      With respect to any Material Subsidiary, Borrower shall cease to own,
      directly or indirectly, one hundred percent (100%) of the Equity
      Securities of such Subsidiary except for nominal amounts of stock
      necessary to do business in certain jurisdictions outside the United
      States.

		

                “Change
      of Law” shall have the meaning given to that term in Subparagraph
      2.13(b).
                “Commitment
      Effective Date” shall have the meaning given to that term in Subparagraph
      2.06(a).

                “Commitment
      Fee Percentage” shall mean, at any time, the per annum
      percentage which is used to calculate Commitment Fees. The Commitment Fee
      Percentages shall be determined as provided in the Pricing Grid and may
      change for each Pricing Period.

                “Commitment
      Fees” shall have the meaning given to that term in Subparagraph
      2.07(b).

                “Commitment”
      shall mean, with respect to each Lender, the Dollar amount set forth under
      the caption “Commitment” opposite such Lender’s name on Part A of
      Schedule I, or, if changed, such Dollar amount as may be set forth for
      such Lender in the Register.

                “Compliance
      Certificate” shall have the meaning given to that term in Subparagraph
      5.01(a).

                “Consent
      to Increase Commitment” shall have the meaning given to that term in
      Subparagraph 2.06(a).

                “Contingent
      Obligation” shall mean, with respect to any Person, (a) any Guaranty
      Obligation of that Person; and (b) any direct or indirect obligation or
      liability, contingent or otherwise, of that Person (i) in respect of any
      Surety Instrument issued for the account of that Person or as to which
      that Person is otherwise liable for reimbursement of drawings or payments,
      (ii) as a partner or joint venturer in any partnership or joint venture,
      (iii) to purchase any materials, supplies or other property from, or to
      obtain the services of, another Person if the relevant contract or other
      related document or obligation requires that payment for such materials,
      supplies or other property, or for such services, shall be made regardless
      of whether delivery of such materials, supplies or other property is ever
      made or tendered, or such services are ever performed or tendered, (iv) in
      respect to any Rate Contract that is not entered into in connection with a
      bona fide hedging

4

		operation that provides offsetting benefits
      to such Person, or (v) to purchase or sell Equity Securities or other
      securities of any Person. The amount of any Contingent Obligation shall
      (subject, in the case of Guaranty Obligations, to the last sentence of the
      definition of “Guaranty Obligation”) be deemed equal to the maximum
      reasonably anticipated liability in respect thereof; provided, that
      (A) in the case of item (b)(v) of this definition, the amount of
      the Contingent Obligation with respect to the purchase or sale of such
      Equity Securities or other securities shall be the net settlement amount
      to be paid in cash or securities, and (B) in the case of item (b)(iv)
      of this definition, the Contingent Obligation with respect to such Rate
      Contracts shall be marked to market on a current basis.
                “Contractual
      Obligation” of any Person shall mean, any indenture, note, lease,
      loan agreement, security, deed of trust, mortgage, security agreement,
      guaranty, instrument, contract, agreement or other form of contractual
      obligation or undertaking to which such Person is a party or by which such
      Person or any of its property is bound.

                “Credit
      Documents” shall mean and include this Agreement, the Notes and the
      Administrative Agent’s Fee Letter; all other documents, instruments and
      agreements delivered to Administrative Agent or any Lender pursuant to Paragraph
      3.01; and all other documents, instruments and agreements pursuant to
      the terms of this Agreement required to be delivered by Borrower or any of
      its Subsidiaries to Administrative Agent or any Lender in connection with
      this Agreement on or after the date of this Agreement.

                “Credit
      Event” shall mean the making of any Loan (other than the making of a
      Base Rate Loan solely to repay an existing Loan); the conversion of any
      Portion into a LIBOR Portion; or the selection of a new Interest Period
      for any LIBOR Loan or LIBOR Portion.

                “Debt/EBITDA
      Ratio” shall mean, with respect to Borrower for any consecutive
      four-quarter period, the ratio, determined on a consolidated basis in
      accordance with GAAP, of:

		

                (a) The total
      Indebtedness of Borrower and its Subsidiaries on the last day of such
      period, excluding any Indebtedness under or with respect to currency
      exchange Rate Contracts;
      to

                (b)
      The EBITDA of Borrower and its Subsidiaries for such period.

		

                “Default”
      shall mean an Event of Default or any event or circumstance not yet
      constituting an Event of Default which, with the giving of any notice or
      the lapse of any period of time or both, would become an Event of Default.
                “Defaulting
      Lender” shall mean a Lender which has failed to fund its portion of
      any Borrowing which it is required to fund under this Agreement and has
      continued in such failure for five (5) Business Days.

5

		          “Document
      Delivery Date” shall have the meaning given to that term in Subparagraph
      3.01.
                “Dollars”
      and “$” shall mean the lawful currency of the United States of
      America and, in relation to any payment under this Agreement, same day or
      immediately available funds.

                “Domestic
      Lending Office” shall mean, with respect to any Lender, (a)
      initially, its office designated as such in Schedule I (or, in the
      case of any Lender which becomes a Lender by an assignment pursuant to Subparagraph
      8.05(c), its office designated as such in the applicable Assignment
      Agreement) and (b) subsequently, such other office or offices as such
      Lender may designate to Administrative Agent as the office at which such
      Lender’s Base Rate Loans and Base Rate Portions will thereafter be
      maintained and for the account of which all payments of principal of, and
      interest on, such Lender’s Base Rate Loans and Base Rate Portions will
      thereafter be made.

                “EBITDA”
      shall mean, with respect to Borrower for any period, the sum, determined
      on a consolidated basis in accordance with GAAP, of the following:

		

                (a) The net
      income or net loss of Borrower and its Subsidiaries for such period before
      provision for income taxes;
      plus

                (b)
      The sum (to the extent deducted in calculating net income or loss in clause
      (a) above) of (i) all Interest Expenses of Borrower and its
      Subsidiaries for such period, (ii) all depreciation and amortization
      expenses of Borrower and its Subsidiaries for such period, and (iii) all
      non-cash charges taken by Borrower and its Subsidiaries during such period
      for in-process research and development.

       

		

                “Eligible
      Assignee” shall mean a Person that is a commercial bank or another
      financial institution which is a qualified institutional buyer as defined
      in Rule 144A under the Securities Act of 1933, as amended; provided
      that (i) such Person has a combined capital and surplus of at least
      $100,000,000 and (ii) such Person is acting through a branch, agency or
      office located in the United States.
                “Employee
      Benefit Plan” shall mean any employee benefit plan within the
      meaning of section 3(3) of ERISA maintained or contributed to by Borrower
      or any ERISA Affiliate, other than a Multiemployer Plan.

                “Environmental
      Laws” shall mean the Clean Air Act, 42 U.S.C. Section 7401 et
      seq.; the Federal Water Pollution Control Act, 33 U.S.C. Section
      1251 et seq.; the Resource Conservation and Recovery Act of
      1976, 42 U.S.C. Section 6901 et seq.; the Comprehensive
      Environment Response, Compensation and Liability Act of 1980 (including
      the Superfund Amendments and Reauthorization Act of 1986, “CERCLA”),
      42 U.S.C. Section 9601 et seq.; the Toxic Substances Control
      Act, 15 U.S.C. Section 2601 et seq.; the Occupational Safety
      and Health Act, 29 U.S.C. Section 651; the

6

		Emergency Planning and Community
      Right-to-Know Act of 1986, 42 U.S.C. Section 11001 et seq.;
      the Mine Safety and Health Act of 1977, 30 U.S.C. Section 801 et seq.;
      the Safe Drinking Water Act, 42 U.S.C. Section 300f et seq.;
      and all other Governmental Rules relating to the protection of human
      health and the environment, including all Governmental Rules pertaining to
      the reporting, licensing, permitting, transportation, storage, disposal,
      investigation or remediation of emissions, discharges, releases, or
      threatened releases of Hazardous Materials into the air, surface water,
      groundwater, or land, or relating to the manufacture, processing,
      distribution, use, treatment, storage, disposal, transportation or
      handling of Hazardous Materials.
                “Equity
      Securities” of any Person shall mean (a) all common stock, preferred
      stock, participations, shares, partnership interests or other equity
      interests in and of such Person (regardless of how designated and whether
      or not voting or non-voting) and (b) all warrants, options and other
      rights to acquire or sell any of the foregoing.

                “ERISA”
      shall mean the Employee Retirement Income Security Act of 1974. “ERISA
      Affiliate” shall mean any Person which is treated as a single
      employer with Borrower under Section 414 of the IRC.

                “Extension
      Request” shall have the meaning given to that term in Subparagraph
      2.02(a).

                “Euro-Dollar
      Lending Office” shall mean, with respect to any Lender, (a)
      initially, its office designated as such in Schedule I (or, in the
      case of any Lender which becomes a Lender by an assignment pursuant to Subparagraph
      8.05(c), its office designated as such in the applicable Assignment
      Agreement) and (b) subsequently, such other office or offices as such
      Lender may designate to Administrative Agent as the office at which such
      Lender’s LIBOR Loans and LIBOR Portions will thereafter be maintained
      and for the account of which all payments of principal of, and interest
      on, such Lender’s LIBOR Loans and LIBOR Portions will thereafter be
      made.

                “Event
      of Default” shall have the meaning given to that term in Paragraph
      6.01.

                “Federal
      Funds Rate” shall mean, for any day, the rate per annum set
      forth in the weekly statistical release designated as H.15(519), or any
      successor publication, published by the Federal Reserve Board (including
      any such successor publication, “H.15 (519)”) for such day opposite
      the caption “Federal Funds (Effective)”. If on any relevant day, such
      rate is not yet published in H.15 (519), the rate for such day shall be
      the rate set forth in the daily statistical release designated as the
      Composite 3:30 p.m. Quotations for U.S. Government Securities, or any
      successor publication, published by the Federal Reserve Bank of New York
      (including any such successor publication, the “Composite 3:30 p.m.
      Quotations”) for such day under the caption “Federal Funds Effective
      Rate”. If on any relevant day, such rate is not yet published in either
      H.15 (519) or the Composite 3:30 p.m. Quotations, the rate for such day
      shall be the arithmetic mean, as determined by Administrative Agent, of
      the rates quoted to Administrative Agent for such day by three

7

		(3) Federal funds brokers of recognized
      standing selected by Administrative Agent, and Administrative Agent shall
      promptly provide written evidence of such calculation to Borrower.
                “Federal
      Reserve Board” shall mean the Board of Governors of the Federal
      Reserve System.

                “Financial
      Statements” shall mean, with respect to any accounting period for
      any Person, statements of income, shareholders’ equity and cash flows of
      such Person for such period, and a balance sheet of such Person as of the
      end of such period, setting forth in each case in comparative form figures
      for the corresponding period in the preceding fiscal year if such period
      is less than a full fiscal year or, if such period is a full fiscal year,
      corresponding figures from the preceding annual audit, all prepared in
      reasonable detail and in accordance with GAAP.

                “Fixed
      Charge Coverage Ratio” shall mean, with respect to Borrower for any
      consecutive four-quarter period, the ratio, determined on a consolidated
      basis in accordance with GAAP, of:

		

                (a) The sum of
      (i) the net income of Borrower and its Subsidiaries for such period, plus
      (ii) to the extent deducted in calculating such net income, (A) all
      Interest Expenses of Borrower and its Subsidiaries for such period, (B)
      all income tax expenses of Borrower and its Subsidiaries for such period,
      (C) all rental expenses of Borrower and its Subsidiaries for such period,
      (D) all non-cash charges taken by Borrower and its Subsidiaries during
      such period for in-process research and development, and (E) all
      amortization charges for goodwill taken by Borrower and its Subsidiaries
      during such period;
      to

                (b)
      The sum of (i) all Interest Expenses of Borrower and its Subsidiaries for
      such period, plus (ii) all rental expenses of Borrower and its
      Subsidiaries for such period, plus (iii) the current portion of all
      long-term Indebtedness of Borrower and its Subsidiaries appearing on the
      consolidated balance sheet of Borrower and its Subsidiaries on the last
      day of such period, plus without duplication, (iv) twenty percent
      (20%) of all off-balance sheet Indebtedness of Borrower and its
      Subsidiaries on the last day of such period; provided, however,
      that any Indebtedness under or with respect to currency exchange Rate
      Contracts shall be excluded for purposes of the calculation under this subparagraph
      (b).

		

                “Foreign
      Plan” shall mean any employee benefit plan maintained by Borrower or
      any of its Subsidiaries which is mandated or governed by any Governmental
      Rule of any Governmental Authority other than the United States.

8

		          “GAAP”
      shall mean generally accepted accounting principles and practices as
      in effect in the United States of America from time to time, consistently
      applied.
                “Governmental
      Authority” shall mean any domestic or foreign national, state or
      local government, any political subdivision thereof, any department,
      agency, authority or bureau of any of the foregoing, or any other entity
      exercising executive, legislative, judicial, regulatory or administrative
      functions of or pertaining to government, including, without limitation,
      the Federal Deposit Insurance Corporation, the Federal Reserve Board, the
      Comptroller of the Currency, any central bank or any comparable authority.

                “Governmental
      Charges” shall mean, with respect to any Person, all levies,
      assessments, fees, claims or other charges imposed by any Governmental
      Authority upon such Person or any of its property or otherwise payable by
      such Person.

                “Governmental
      Rule” shall mean any law, rule, regulation, ordinance, order, code
      interpretation, judgment, decree, directive, guidelines, policy or similar
      form of decision of any Governmental Authority which is made publicly
      available.

                “Granting
      Lender” shall have the meaning given to that term in Subparagraph
      8.05(d).

                “Guaranty
      Obligation” shall mean, with respect to any Person, any direct or
      indirect liability of that Person with respect to any indebtedness, lease,
      dividend, letter of credit or other obligation (the “primary obligations”)
      of another Person (the “primary obligor”), including any obligation of
      that Person, whether or not contingent, (a) to purchase, repurchase or
      otherwise acquire such primary obligations or any property constituting
      direct or indirect security therefor, or (b) to advance or provide funds (i)
      for the payment or discharge of any such primary obligation, or (ii) to
      maintain working capital or equity capital of the primary obligor or
      otherwise to maintain the net worth or solvency or any balance sheet item,
      level of income or financial condition of the primary obligor, or (c) to
      purchase property, securities or services primarily for the purpose of
      assuring the owner of any such primary obligation of the ability of the
      primary obligor to make payment of such primary obligation, or (d)
      otherwise to assure or hold harmless the holder of any such primary
      obligation against loss in respect thereof. The amount of any Guaranty
      Obligation shall be deemed equal to the stated or determinable amount of
      the primary obligation in respect of which such Guaranty Obligation is
      made or, if not stated or if indeterminable, the maximum reasonably
      anticipated liability in respect thereof.

                “Hazardous
      Materials” shall mean all pollutants, contaminants and other
      materials, substances and wastes which are hazardous, toxic, caustic,
      harmful or dangerous to human health or the environment, including
      petroleum and petroleum products and byproducts, radioactive materials,
      asbestos, polychlorinated biphenyls and all materials, substances and
      wastes which are classified or regulated as “hazardous,” “toxic”
      or similar descriptions under any Environmental Law.

                “Indebtedness”
      of any Person shall mean, without duplication:

9

		          (a)
      All obligations of such Person evidenced by notes, bonds, debentures or
      other similar instruments and all other obligations of such Person for
      borrowed money (including obligations to repurchase receivables and other
      assets sold with recourse);
                (b)
      All obligations of such Person for the deferred purchase price of property
      or services (including obligations under letters of credit and other
      credit facilities which secure or finance such purchase price and
      obligations under “synthetic” leases);

                (c)
      All obligations of such Person under conditional sale or other title
      retention agreements with respect to property acquired by such Person (to
      the extent of the value of such property if the rights and remedies of the
      seller or lender under such agreement in the event of default are limited
      solely to repossession or sale of such property);

                (d)
      All obligations of such Person as lessee under or with respect to Capital
      Leases;

                (e)
      All non-contingent payment or reimbursement obligations of such Person
      under or with respect to Surety Instruments;

                (f)
      All net obligations of such Person, contingent or otherwise, under or with
      respect to Rate Contracts;

                (g)
      All Guaranty Obligations of such Person with respect to the obligations of
      other Persons of the types described in clauses (a) - (f) above and
      all other Contingent Obligations of such Person; and

                (h)
      All obligations of other Persons of the types described in clauses (a)
      - (f) above to the extent secured by (or for which any holder of such
      obligations has an existing right, contingent or otherwise, to be secured
      by) any Lien in any property (including accounts and contract rights) of
      such Person, even though such Person has not assumed or become liable for
      the payment of such obligations.

		

                “Interest
      Expenses” shall mean, with respect to any Person for any period, the
      sum, determined on a consolidated basis in accordance with GAAP, of (a)
      all interest on the Indebtedness of such Person paid or accrued during
      such period (including interest attributable to Capital Leases) plus (b)
      all fees in respect of outstanding letters of credit paid or accrued by
      such Person during such period.
                “Interest
      Period” shall mean, with respect to any LIBOR Loan or LIBOR Portion,
      the time period selected by Borrower pursuant to Subparagraph 2.01(b),
      Subparagraph 2.03(b) or Subparagraph 2.04(c) which commences on the
      first day of such Loan or Portion or the effective date of any conversion
      and ends on the last day of such time period, and thereafter, each
      subsequent time period selected by Borrower pursuant to

10

		Subparagraph 2.04(b) which commences
      on the last day of the immediately preceding time period and ends on the
      last day of that time period.
                “Investment”
      of any Person shall mean any loan or advance of funds by such Person to
      any other Person (other than advances to employees of such Person for
      moving and travel expenses, drawing accounts and similar expenditures in
      the ordinary course of business), any purchase or other acquisition of any
      Equity Securities or Indebtedness of any other Person, any capital
      contribution by such Person to or any other investment by such Person in
      any other Person (including any Guaranty Obligations of such Person and
      any indebtedness of such Person of the type described in clause (h)
      of the definition of “Indebtedness” on behalf of any other Person); provided,
      however, that Investments shall not include (a) accounts receivable
      or other indebtedness owed by customers of such Person which are current
      assets and arose from sales of inventory in the ordinary course of such
      Person’s business, (b) prepaid expenses of such Person incurred and
      prepaid in the ordinary course of business, or (c) acquisitions of Equity
      Securities subject to Subparagraph 5.02(d).

                “IRC”
      shall mean the Internal Revenue Code of 1986.

                “Lenders”
      shall have the meaning given to that term in clause (2) of the
      introductory paragraph hereof.

                “LIBO
      Rate” shall mean, with respect to any Interest Period for the LIBOR
      Loans in any Revolving Loan Borrowing consisting of LIBOR Loans or any
      LIBOR Portion of the Term Loan Borrowing, a rate per annum equal to
      the quotient (rounded upward if necessary to the nearest 1/100 of one
      percent) of:

		

                (a) As elected
      by Borrower, either:

		

                (i) The
      arithmetic mean (rounded upward if necessary to the nearest 1/16 of one
      percent) of the rates per annum appearing on Telerate Page 3750 (or
      any successor publication) on the second Business Day prior to the first
      day of such Interest Period at or about 11:00 A.M. (London time) (for
      delivery on the first day of such Interest Period) for a term comparable
      to such Interest Period (the “Telerate Page Rate”); or
                (ii)
      The arithmetic mean (rounded upward if necessary to the nearest 1/16 of
      one percent) of the rates per annum at which Dollar deposits are
      offered to each of the Reference Banks in the London interbank market on
      the second Business Day prior to the first day of such Interest Period at
      or about 11:00 A.M. (London time) (for delivery on the first day of such
      Interest Period) in an amount substantially equal to such Reference Bank’s
      LIBOR Loan or LIBOR Portion in such Borrowing and for a term comparable to
      such Interest Period (the “Reference Bank Rate”);

    

11

		
      divided by

                (b)
      One minus the Reserve Requirement for such Loans or Portion in effect from
      time to time.

		

      If, for any reason, any Reference Banks do not provide Administrative
      Agent with rates pursuant to clause (a)(ii) after Borrower elects
      the Reference Bank Rate to determine the LIBO Rate for any Interest
      Period, Administrative Agent shall calculate the Reference Bank Rate for
      such Interest Period based upon the rate or rates provided by the other
      Reference Banks or Reference Bank; provided, however, that,
      if no Reference Bank provides Administrative Agent with such a rate,
      Administrative Agent shall determine the LIBO Rate for such Interest
      Period based upon the Telerate Page Rate. If, for any reason, the Telerate
      Page Rate is not available after Borrower elects the Telerate Page Rate to
      determine the LIBO Rate for any Interest Period, Administrative Agent
      shall determine the LIBO Rate for such Interest Period based upon the
      Reference Bank Rate. The LIBO Rate shall be adjusted automatically as to
      all LIBOR Loans and LIBOR Portions then outstanding as of the effective
      date of any change in the Reserve Requirement.
                “LIBOR
      Loan” shall mean, at any time, a Revolving Loan which then bears
      interest as provided in clause (ii) of Subparagraph 2.04(a). “LIBOR
      Portion” shall mean, at any time, a Portion of the Term Loan
      Borrowing or a Term Loan, as the case may be, which then bears interest as
      provided in clause (ii) of Subparagraph 2.04(a).

                “Lien”
      shall mean, with respect to any property, any security interest, mortgage,
      pledge, lien, charge or other encumbrance in, of, or on such property or
      the income therefrom, including, without limitation, the interest of a
      vendor or lessor under a conditional sale agreement, Capital Lease or
      other title retention agreement, or any agreement to provide any of the
      foregoing, and the filing of any financing statement or similar instrument
      under the Uniform Commercial Code or comparable law of any jurisdiction
      other than filings made for notice purposes only in connection with true
      leases (which would not include “synthetic” leases).

                “Loan”
      shall mean a Revolving Loan or a Term Loan.

                “Loan
      Account” shall have the meaning given to that term in Subparagraph
      2.10(a).

                “Majority
      Lenders” shall mean at any time, Lenders whose Proportionate Shares
      then exceed fifty percent (50%), except at any time any Lender is a
      Defaulting Lender. (For the purposes of determining “Majority Lenders”
      at any time any Lender is a Defaulting Lender, the “Proportionate Shares”
      of non-defaulting Lenders shall be determined excluding from the Total
      Commitment and the aggregate principal amount of all Term Loans the
      aggregate amounts of the Defaulting Lenders’ Commitments and

12

		Term Loans; and “Majority Lenders” shall
      mean non-defaulting Lenders whose Proportionate Shares as so determined
      then exceed fifty percent (50%).)
                “Margin
      Stock” shall have the meaning given to that term in Regulation U
      issued by the Federal Reserve Board.

                “Material
      Adverse Effect” shall mean a material adverse effect on (a) the
      business, assets, operations or financial condition of Borrower and its
      Subsidiaries, taken as a whole; (b) the ability of Borrower to pay or
      perform the Obligations in accordance with the terms of this Agreement and
      the other Credit Documents; or (c) practical realization of the material
      rights and remedies of Administrative Agent or any Lender intended to be
      provided under this Agreement and the other Credit Documents.

                “Material
      Subsidiary” shall mean any Subsidiary that had revenues during the
      immediately preceding fiscal year equal to or greater than five percent
      (5%) of the consolidated gross revenues of Borrower and its Subsidiaries
      during such year.

                “Maturity”
      shall mean, with respect to any Loan, interest, fee or other amount
      payable by Borrower under this Agreement or the other Credit Documents,
      the date such Loan, interest, fee or other amount becomes due, whether
      upon the stated maturity or due date, upon acceleration or otherwise.

                “Maturity
      Date” shall mean (a) with respect to the Revolving Loans, the
      Revolving Loan Maturity Date and (b) with respect to the Term Loans, the
      Term Loan Maturity Date.

                “Multiemployer
      Plan” shall mean any multiemployer plan within the meaning of
      section 3(37) of ERISA maintained or contributed to by Borrower or any
      ERISA Affiliate.

                “New
      Lender” shall have the meaning given to that term in Subparagraph
      2.06(a).

                “New
      Lender Joinder” shall have the meaning given to that term in Subparagraph
      2.06(a).

                “Net
      Proceeds” shall mean, with respect to any sale or issuance of any
      Equity Security or any other security by any Person, the aggregate
      consideration received by such Person from such sale or issuance less
      the sum of the actual amount of the reasonable fees and commissions
      payable to Persons other than such Person or any Affiliate of such Person,
      the reasonable legal expenses and the other reasonable costs and expenses
      directly related to such sale or issuance that are to be paid by such
      Person.

                “Net
      Share Repurchases” shall mean, with respect to Borrower for any
      period, the remainder, calculated on a consolidated basis, of (a) the
      aggregate consideration paid by Borrower and its Subsidiaries during such
      period (including Indebtedness incurred) to purchase, redeem, retire,
      defease or otherwise acquire Equity Securities of Borrower and its
      Subsidiaries minus (b) the aggregate Net Proceeds received by
      Borrower and its

13

		Subsidiaries during such period for Equity
      Securities issued by Borrower and its Subsidiaries; provided, that
      (i) capital stock of Borrower and its Subsidiaries issued in exchange for
      other capital stock of Borrower and its Subsidiaries as permitted by clause
      (i) of Subparagraph 5.02(f) shall be excluded for purposes of
      calculating clauses (a) and (b) above, (ii) repurchases of capital
      stock from employees of Borrower or its Subsidiaries as permitted by clause
      (iv) of Subparagraph 5.02(f) shall be excluded for purposes of
      calculating clause (a) above, and (iii) Equity Securities issued in
      connection with acquisitions permitted by Subparagraph 5.02(d) shall
      be excluded for purposes of calculating clause (b) above.
                “Net
      Worth” shall mean, with respect to Borrower at any time, the
      remainder at such time, determined on a consolidated basis in accordance
      with GAAP, of (a) the total assets of Borrower and its Subsidiaries at
      such time, minus (b) the sum (without limitation and without duplication
      of deductions) of the total liabilities of Borrower and its Subsidiaries
      at such time and all reserves of Borrower and its Subsidiaries at such
      time for anticipated losses and expenses (to the extent not deducted in
      calculating total assets in clause (a) above).

                “Note”
      shall mean a Revolving Loan Note or a Term Loan Note.

                “Notice
      of Borrowing” shall mean a Notice of Revolving Loan Borrowing or the
      Notice of Term Loan Borrowing.

                “Notice
      of Term Loan Borrowing” shall have the meaning given to that term in
      Subparagraph 2.03(b).

                “Notice
      of Interest Period Selection” shall have the meaning given to that
      term in Subparagraph 2.04(b).

                “Notice
      of Revolving Loan Borrowing” shall have the meaning given to that
      term in Subparagraph 2.01(b).

                “Notice
      of Term Loan Conversion” shall have the meaning given to that term
      in Subparagraph 2.04(c).

                “Obligations”
      shall mean and include, with respect to Borrower, all loans, advances,
      debts, liabilities, and obligations, howsoever arising, owed by Borrower
      to Administrative Agent or any Lender of every kind and description
      (whether or not evidenced by any note or instrument and whether or not for
      the payment of money), direct or indirect, absolute or contingent, due or
      to become due, now existing or hereafter arising pursuant to the terms of
      this Agreement or any of the other Credit Documents, including without
      limitation all interest, fees, charges, expenses, attorneys’ fees and
      accountants’ fees chargeable to Borrower or payable by Borrower
      hereunder or thereunder.

                “Participant”
      shall have the meaning given to that term in Subparagraph 8.05(b).

    

14

		          “PBGC”
      shall mean the Pension Benefit Guaranty Corporation. “Permitted
      Indebtedness” shall have the meaning given to that term in Subparagraph
      5.02(a).
                “Permitted
      Liens” shall have the meaning given to that term in Subparagraph
      5.02(b).

                “Person”
      shall mean and include an individual, a partnership, a corporation
      (including a business trust), a joint stock company, an unincorporated
      association, a limited liability company, a joint venture, a trust or
      other entity or a Governmental Authority.

                “Portion”
      shall mean a portion of the principal amount of the Term Loan Borrowing or
      a Term Loan. The Term Loan Borrowing shall consist of one or more
      Portions, and each Term Loan comprising the Term Loan Borrowing shall
      consist of the same number of Portions, with each such Term Loan Portion
      corresponding pro rata to a Term Loan Borrowing Portion. Any
      reference to a Portion of the Term Loan Borrowing shall include the
      corresponding Portion of each Term Loan comprising the Term Loan
      Borrowing.

                “Pricing
      Grid” shall mean Schedule II.

                “Pricing
      Period” shall mean (a) the period commencing on the date of this
      Agreement and ending on September 30, 2000, (b) the three-calendar month
      period commencing October 1, 2000 and ending December 31, 2000 and (c)
      each consecutive three-calendar month period thereafter which commences on
      the day following the last day of the immediately preceding three-calendar
      month period and ends on the last day of that time period.

                “Prime
      Rate” shall mean the per annum rate publicly announced by ABN
      AMRO from time to time at its Chicago Office. The Prime Rate is determined
      by ABN AMRO from time to time as a means of pricing credit extensions to
      some customers and is neither directly tied to any external rate of
      interest or index nor necessarily the lowest rate of interest charged by
      ABN AMRO at any given time for any particular class of customers or credit
      extensions. Any change in the Base Rate resulting from a change in the
      Prime Rate shall become effective on the Business Day on which each change
      in the Prime Rate occurs.

                “Proportionate
      Share” shall mean:

		

                (a) With
      respect to any Lender at any time prior to the termination of the
      Commitments, the ratio (expressed as a percentage rounded to the eighth
      digit to the right of the decimal point) of (i) such Lender’s Commitment
      at such time to (ii) the Total Commitment at such time; and

15

		

                (b) With
      respect to any Lender at any time after the termination of the
      Commitments, the ratio (expressed as a percentage rounded to the eighth
      digit to the right of the decimal point) of (i) the aggregate principal
      amount of all of such Lender’s Loans outstanding at such time to
      (ii) the aggregate principal amount of all Lenders’ Loans outstanding at
      such time.

		

                “Quick
      Ratio” shall mean, with respect to Borrower and its Subsidiaries at
      any time, the ratio, determined on a consolidated basis in accordance with
      GAAP, of:

		

                (a) The sum at
      such time, to the extent unencumbered and unrestricted, of all (i) cash of
      Borrower and its Subsidiaries; (ii) cash equivalents of Borrower and its
      Subsidiaries; (iii) short-term investments of Borrower and its
      Subsidiaries which comply with the investment policy of Borrower meeting
      the requirements of clause (i) of Subparagraph 5.02(e) and (iv)
      accounts receivable of Borrower and its Subsidiaries, net of appropriate
      loss and other reserves therefor;
      to

                (b)
      The sum at such time of all (i) current liabilities of Borrower and its
      Subsidiaries (including the current portion of all Loans hereunder); and
      (ii) to the extent not included in such current liabilities under the
      preceding clause (i), the current portion of all Indebtedness of
      the types described in clauses (a) – (d) of the definition of “Indebtedness”.

		

                “Rate
      Contracts” shall mean swap agreements (as that term is defined in
      Section 101 of the Federal Bankruptcy Reform Act of 1978, as amended) and
      any other agreements or arrangements designed to provide protection
      against fluctuations in interest or currency exchange rates.
                “Reference
      Bank Rate” shall have the meaning given to that term in clause (a)(ii)
      of the definition of “LIBO Rate” in Paragraph 1.01.

                “Reference
      Banks” shall mean ABN AMRO, Bank of Montreal and Fleet National
      Bank.

                “Register”
      shall have the meaning given to that term in Subparagraph 8.05(e). “Reportable
      Event” shall have the meaning given to that term in ERISA and
      applicable regulations thereunder.

                “Required
      Lenders” shall mean, at any time, Lenders whose Proportionate Shares
      then equal or exceed sixty-six and two-thirds percent (66 2/3%), except at
      any time any Lender is a Defaulting Lender. (For the purposes of
      determining “Required Lenders” at any time any Lender is a Defaulting
      Lender, the “Proportionate Shares” of non-defaulting Lenders shall be
      determined excluding from the Total Commitment and the aggregate principal
      amount of all Term Loans the aggregate amounts of the Defaulting Lenders’
      Commitments and Term Loans; and “Required Lenders” shall mean
      non-defaulting

16

		

      Lenders whose Proportionate Shares as so determined then equal or exceed
      sixty-six and two-thirds percent (66 2/3%).)
                “Requirement
      of Law” applicable to any Person shall mean (a) the Articles or
      Certificate of Incorporation and By-laws, Partnership Agreement or other
      organizational or governing documents of such Person, (b) any Governmental
      Rule applicable to such Person, (c) any license, permit, approval or other
      authorization granted by any Governmental Authority to or for the benefit
      of such Person or (d) any judgment, decision or determination of any
      Governmental Authority or arbitrator, in each case applicable to or
      binding upon such Person or any of its property or to which such Person or
      any of its property is subject.

                “Reserve
      Requirement” shall mean, with respect to any day in an Interest
      Period for a LIBOR Loan or LIBOR Portion, the aggregate of the reserve
      requirement rates (expressed as a decimal) in effect on such day for
      eurocurrency funding (currently referred to as “Eurocurrency liabilities”
      in Regulation D of the Federal Reserve Board) maintained by a member bank
      of the Federal Reserve System. As used herein, the term “reserve
      requirement” shall include, without limitation, any basic, supplemental
      or emergency reserve requirements imposed on any Lender by any
      Governmental Authority. “Revolving Loan” shall have the meaning
      given to that term in Subparagraph 2.01(a).

                “Revolving
      Loan Borrowing” shall mean a borrowing by Borrower consisting of the
      Revolving Loans made by each of the Lenders on the same date and of the
      same Type pursuant to a single Notice of Revolving Loan Borrowing.

                “Revolving
      Loan Maturity Date” shall mean the date 364 days after the date of
      this Agreement (or, if extended pursuant to Paragraph 2.02, the
      date to which so extended).

                “Revolving
      Loan Note” shall have the meaning given to that term in Subparagraph
      2.10(b).

                “Solvent”
      shall mean, with respect to any Person on any date, that on such date (a)
      the fair value of the property of such Person is greater than the fair
      value of the liabilities (including contingent, subordinated, matured and
      unliquidated liabilities) of such Person, (b) the present fair saleable
      value of the assets of such Person is greater than the amount that will be
      required to pay the probable liability of such Person on its debts as they
      become absolute and matured, (c) such Person does not intend to, and does
      not believe that it will, incur debts or liabilities beyond such Person’s
      ability to pay as such debts and liabilities mature and (d) such Person is
      not engaged in or about to engage in business or transactions for which
      such Person’s property would constitute an unreasonably small capital.

                “SPC”
      shall have the meaning given to that term in Subparagraph 8.05(d).

17

		          “Subsidiary”
      of any Person shall mean (a) any corporation of which more than 50% of
      the issued and outstanding Equity Securities having ordinary voting power
      to elect a majority of the Board of Directors of such corporation
      (irrespective of whether at the time capital stock of any other class or
      classes of such corporation shall or might have voting power upon the
      occurrence of any contingency) is at the time directly or indirectly owned
      or controlled by such Person, by such Person and one or more of its other
      Subsidiaries or by one or more of such Person’s other Subsidiaries, (b)
      any partnership, joint venture, limited liability company or other
      association of which more than 50% of the equity interest having the power
      to vote, direct or control the management of such partnership, joint
      venture or other association is at the time owned and controlled by such
      Person, by such Person and one or more of the other Subsidiaries or by one
      or more of such Person’s other Subsidiaries or (c) any other Person
      whose results of operations are included in the Financial Statements of
      such Person on a consolidated basis.
                “Surety
      Instruments” shall mean all letters of credit (including standby and
      commercial), banker’s acceptances, bank guaranties, shipside bonds,
      surety bonds and similar instruments.

                “Taxes”
      shall have the meaning given to such term in Subparagraph 2.14(a).

                “Telerate
      Page Rate” shall have the meaning given to that term in clause (a)(i)
      of the definition of “LIBO Rate” in Paragraph 1.01.

                “Term
      Loan” shall have the meaning given to that term in Subparagraph
      2.03(a).

                “Term
      Loan Borrowing” shall mean the borrowing by Borrower consisting of
      the Term Loans made by each of the Lenders on the Revolving Loan Maturity
      Date pursuant to the Notice of Term Loan Borrowing.

                “Term
      Loan Maturity Date” shall mean the date two years after the
      Revolving Loan Maturity Date.

                “Term
      Loan Note” shall have the meaning given to that term in Subparagraph
      2.10(c).

                “Total
      Commitment” shall mean, at any time, the sum at such time of the
      Lenders’ Commitments.

                “Type”
      shall mean, with respect to any Loan, Borrowing or Portion at any time,
      the classification of such Loan, Borrowing or Portion by the type of
      interest rate it then bears, whether an interest rate based upon the Base
      Rate or the LIBO Rate.

                “Unused”
      shall mean. with respect to the Commitments at any time, the remainder of
      (i) the Total Commitment at such time minus (ii) the aggregate principal
      amount of all Revolving Loans outstanding at such time.

18

		          “VC
      Partnership” shall have the meaning given to that term in Subparagraph
      5.02(e).

          1.02.
GAAP. Unless otherwise indicated in this Agreement or any other Credit
Document, all accounting terms used in this Agreement or any other Credit
Document shall be construed, and all accounting and financial computations
hereunder or thereunder shall be computed, in accordance with GAAP. If GAAP
changes during the term of this Agreement such that any covenants contained
herein would then be calculated in a different manner or with different
components, Borrower, Lenders and Administrative Agent agree to negotiate in
good faith to amend this Agreement in such respects as are necessary to conform
those covenants as criteria for evaluating Borrower’s financial condition to
substantially the same criteria as were effective prior to such change in GAAP; provided,
however, that, until Borrower, Lenders and Administrative Agent so amend
this Agreement, all such covenants shall be calculated in accordance with GAAP
as in effect immediately prior to such change.

          1.03.
Headings. Headings in this Agreement and each of the other Credit
Documents are for convenience of reference only and are not part of the
substance hereof or thereof.

          1.04.
Plural Terms. All terms defined in this Agreement or any other Credit
Document in the singular form shall have comparable meanings when used in the
plural form and vice versa.

          1.05.
Time. All references in this Agreement and each of the other Credit
Documents to a time of day shall mean San Francisco, California time, unless
otherwise indicated.

          1.06.
Governing Law. Unless otherwise expressly provided in any Credit
Document, this Agreement and each of the other Credit Documents shall be
governed by and construed in accordance with the laws of the State of California
without reference to conflicts of law rules.

          1.07.
Construction. This Agreement is the result of negotiations among, and has
been reviewed by, Borrower, each Lender, Administrative Agent and their
respective counsel. Accordingly, this Agreement shall be deemed to be the
product of all parties hereto, and no ambiguity shall be construed in favor of
or against Borrower, any Lender or Administrative Agent.

          1.08.
Entire Agreement. This Agreement and each of the other Credit Documents,
taken together, constitute and contain the entire agreement of Borrower, Lenders
and Administrative Agent and supersede any and all prior agreements,
negotiations, correspondence, understandings and communications among the
parties, whether written or oral, respecting the subject matter hereof
(excluding the Administrative Agent’s Fee Letter).

          1.09.
Calculation of Interest and Fees. All calculations of interest and fees
under this Agreement and the other Credit Documents for any period (a) shall
include the first day of such period and exclude the last day of such period and
(b) shall be calculated on the basis of a year of 360 days for actual days
elapsed, except that during any period any Loan or Portion bears interest

19

based upon the Prime Rate, such interest shall be calculated
on the basis of a year of 365 or 366 days, as appropriate, for actual days
elapsed.

          1.10.
References.

		          (a)
      References in this Agreement to “Recitals,” “Sections,” “Paragraphs,”
      “Subparagraphs,” “Exhibits” and “Schedules” are to recitals,
      sections, paragraphs, subparagraphs, exhibits and schedules therein and
      thereto unless otherwise indicated.
                (b)
      References in this Agreement or any other Credit Document to any document,
      instrument or agreement (i) shall include all exhibits, schedules and
      other attachments thereto, (ii) shall include all documents, instruments
      or agreements issued or executed in replacement thereof if such
      replacement is permitted hereby, and (iii) shall mean such document,
      instrument or agreement, or replacement or predecessor thereto, as
      amended, modified and supplemented from time to time and in effect at any
      given time if such amendment, modification or supplement is permitted
      hereby.

                (c)
      References in this Agreement or any other Credit Document to any
      Governmental Rule (i) shall include any successor Governmental Rule, (ii)
      shall include all rules and regulations promulgated under such
      Governmental Rule (or any successor Governmental Rule), and (iii) shall
      mean such Governmental Rule (or successor Governmental Rule) and such
      rules and regulations, as amended, modified, codified or reenacted from
      time to time and in effect at any given time.

                (d)
      References in this Agreement or any other Credit Document to any Person in
      a particular capacity (i) shall include any permitted successors to and
      assigns of such Person in that capacity and (ii) shall exclude such Person
      individually or in any other capacity.

          1.11.
Other Interpretive Provisions. The words “hereof,” “herein” and
“hereunder” and words of similar import when used in this Agreement or any
other Credit Document shall refer to this Agreement or such other Credit
Document, as the case may be, as a whole and not to any particular provision of
this Agreement or such other Credit Document, as the case may be. The words “include”
and “including” and words of similar import when used in this Agreement or
any other Credit Document shall not be construed to be limiting or exclusive. In
the event of any inconsistency between the terms of this Agreement and the terms
of any other Credit Document, the terms of this Agreement shall govern.

SECTION II.     CREDIT
FACILITIES.

          2.01.
Revolving Loans.

		          (a)
      Availability. Subject to the terms and conditions of this
      Agreement, each Lender severally agrees to advance to Borrower from time
      to time during the period beginning on the date of this Agreement and
      ending on the Revolving Loan Maturity Date

20

		such revolving loans as Borrower may request
      (individually, a “Revolving Loan”); provided, however,
      that:

		

                (i) The
      aggregate principal amount of all Revolving Loans made by each Lender at
      any time outstanding shall not exceed such Lender’s Commitment at such
      time; and
                (ii)
      The aggregate principal amount of all Revolving Loans made by all Lenders
      at any time outstanding shall not exceed the Total Commitment at such
      time.

		

      All Revolving Loans shall be made on a pro rata basis by Lenders in
      accordance with their respective Proportionate Shares, with each Revolving
      Loan Borrowing to be comprised of a Revolving Loan by each Lender equal to
      such Lender’s Proportionate Share of such Borrowing. Except as otherwise
      provided herein, Borrower may borrow, repay and reborrow Revolving Loans
      until the Revolving Loan Maturity Date.
                (b)
      Notice of Revolving Loan Borrowing. Borrower shall request each
      Revolving Loan Borrowing by delivering to Administrative Agent an
      irrevocable written notice in the form of Exhibit A, appropriately
      completed (a “Notice of Revolving Loan Borrowing”), which
      specifies, among other things:

		

                (i) The
      principal amount of the requested Revolving Loan Borrowing, which shall be
      in the amount of (A) $1,000,000 or an integral multiple of $100,000 in
      excess thereof in the case of a Borrowing consisting of Base Rate Loans;
      or (B) $2,500,000 or an integral multiple of $500,000 in excess thereof in
      the case of a Borrowing consisting of LIBOR Loans;
                (ii)
      Whether the requested Revolving Loan Borrowing is to consist of Base Rate
      Loans or LIBOR Loans;

                (iii)
      If the requested Revolving Loan Borrowing is to consist of LIBOR Loans,
      the initial Interest Period selected by Borrower for such LIBOR Loans in
      accordance with Subparagraph 2.04(b);

                (iv)
      If the requested Revolving Loan Borrowing is to consist of LIBOR Loans,
      whether the initial LIBO Rate is to be based upon the Telerate Page Rate
      or the Reference Bank Rate; and

                (v)
      The date of the requested Revolving Loan Borrowing, which shall be a
      Business Day; 

		

      Borrower shall give each Notice of Revolving Loan Borrowing to
      Administrative Agent at least three (3) Business Days before the date of
      the requested Revolving Loan Borrowing in the case of a Revolving Loan
      Borrowing consisting of LIBOR Loans and at least one (1) Business Day
      before the date of the requested Revolving Loan Borrowing in the case of a
      Revolving Loan Borrowing consisting of Base Rate Loans. Each Notice of

21

		Revolving Loan Borrowing shall be delivered
      by first-class mail or facsimile to Administrative Agent at the office or
      facsimile number and during the hours specified in Paragraph 8.01; provided,
      however, that (A) Borrower shall promptly deliver to Administrative
      Agent the original of any Notice of Revolving Loan Borrowing initially
      delivered by facsimile and (B) in the case of any outstanding Revolving
      Loan Borrowing which is being rolled over in the same principal amount,
      Borrower may deliver such Notice of Revolving Loan Borrowing
      electronically, with a digital signature, to the email address of
      Administrative Agent. Administrative Agent shall promptly notify each
      Lender of the contents of each Notice of Revolving Loan Borrowing.
                (c)
      Repayment. Unless Borrower converts all Revolving Loans outstanding
      on the Revolving Loan Maturity Date into term loans pursuant to Paragraph
      2.03, Borrower shall repay the outstanding principal amount of all
      Revolving Loans on such date.

          2.02.
Extension of Revolving Loan Maturity Date.

		          (a)
      Extension Requests. Borrower may request Lenders to extend the
      Revolving Loan Maturity Date for additional 364-day periods. Borrower
      shall request each such extension by appropriately completing, executing
      and delivering to Administrative Agent a written request in the form of Exhibit
      B (an “Extension Request”) on or before the last Business Day
      which is sixty (60) days prior to the Revolving Loan Maturity Date. The
      Extension Request shall be given to Administrative Agent by first-class
      mail or facsimile to the office or the facsimile number and during the
      hours specified in Paragraph 8.01; provided, however,
      that Borrower shall promptly deliver to Administrative Agent the original
      of the Extension Request if initially delivered by facsimile.
      Administrative Agent shall promptly deliver to each Lender three (3)
      copies of any Extension Request received by Administrative Agent.
                (b)
      Lender Approval. Borrower understands that this Paragraph 2.02
      is included in this Agreement for Borrower’s convenience in requesting
      extensions and acknowledges that neither Administrative Agent nor any
      Lender has promised (either expressly or implicitly), or has any
      obligation or commitment, to extend the Revolving Loan Maturity Date at
      any time. If a Lender, in its sole and absolute discretion, consents to an
      Extension Request, such Lender shall evidence such consent by executing
      and returning two (2) copies of the Extension Request to Administrative
      Agent not later than the last Business Day which is thirty (30) days prior
      to the Revolving Loan Maturity Date. Any such consent given by a Lender
      shall be deemed irrevocable on the date that occurs thirty (30) days prior
      to the existing Revolving Loan Maturity Date. Any failure by any Lender so
      to execute and return an Extension Request shall be deemed a denial
      thereof.

                (c)
      Notice of Lender Action. If Borrower delivers an Extension Request
      to Administrative Agent pursuant to Subparagraph 2.02(a), then not
      later than the last Business Day which is twenty-five (25) days prior to
      the Revolving Loan Maturity Date, Administrative Agent shall notify
      Borrower and each Lender in writing of (i) the Lenders that have consented
      to such Extension Request by returning to Administrative Agent

22

		executed copies of such Extension Request and
      (ii) the Lenders that have not. Administrative Agent shall deliver to
      Borrower with any such notice, a copy of each executed Extension Request
      returned to Administrative Agent by a Lender.

		

      (d) Effect of Lender Action. 
                (i)
      If all Lenders consent to an Extension Request pursuant to Subparagraph
      2.02(b), this Agreement shall be deemed amended as provided in clause
      (iv) below and each such Lender shall remain a Lender under this
      Agreement (as so amended).

                (ii)
      If none of the Lenders consent to an Extension Request, the Revolving Loan
      Maturity Date shall remain unchanged.

                (iii)
      If some but not all of the Lenders consent to an Extension Request, 

    

		

                (A) Borrower
      shall pay to each applicable non-consenting Lender, on the existing
      Revolving Loan Maturity Date, all amounts payable to such Lender on such
      date, and 
                (B)
      Subject to such payments, (1) each non-consenting Lender shall cease to be
      a Lender hereunder after such date, (2) this Agreement shall be deemed
      amended as provided in clause (iv) below, and (3) each consenting
      Lender shall remain a Lender under this Agreement (as so amended) after
      such date;

    

		

      
      Provided, however, that a non-consenting
      Lender may be replaced by an Assignee Lender as provided in Paragraph
      2.16.

                (iv)
      If all or some of Lenders consent to an Extension Request pursuant to Subparagraph
      2.02(b), this Agreement shall be deemed amended on the existing
      Revolving Loan Maturity Date such that the date contained in the
      definition of “Revolving Maturity Date” shall be extended to a date
      364 days from the existing Revolving Loan Maturity Date, effective as of
      the existing Revolving Loan Maturity Date.

    

          2.03.
Term Loans.

		          (a)
      Availability. Subject to the terms and conditions of this
      Agreement, each Lender severally agrees, if so requested by Borrower, to
      advance to Borrower on the Revolving Loan Maturity Date a term loan
      (individually, a “Term Loan”) by converting all Revolving Loans made
      by such Lender and outstanding on such date into a term loan; provided,
      however, that: 

		

                (i) The
      aggregate principal amount of the Term Loan made by each Lender shall not
      exceed such Lender’s Commitment on the Revolving Loan Maturity Date; and

23

		          (ii)
      The aggregate principal amount of all Term Loans made by all Lenders shall
      not exceed the Total Commitment on the Revolving Loan Maturity Date.

		

      The Term Loans shall be made on a pro rata basis by Lenders in
      accordance with their respective Proportionate Shares, with the Term Loan
      Borrowing to be comprised of a Term Loan by each Lender equal to such
      Lender’s Proportionate Share of such Borrowing. Borrower may not
      reborrow the principal amount of a Term Loan after any prepayment or
      repayment thereof.
                (b)
      Notice of Term Loan Borrowing. Borrower shall request the Term Loan
      Borrowing by delivering to Administrative Agent an irrevocable written
      notice in the form of Exhibit C, appropriately completed (the “Notice
      of Term Loan Borrowing”), which specifies, among other things:

		

                (i) The
      principal amount of the Term Loan Borrowing;
                (ii)
      (A) The principal portion of the Term Loan Borrowing which is to be a Base
      Rate Portion and (B) the principal portion(s) of the Term Loan Borrowing
      which is (are) to be a LIBOR Portion(s);

                (iii)
      If any portion of the Term Loan Borrowing is initially to be a LIBOR
      Portion, the initial Interest Period selected by Borrower for each such
      LIBOR Portion in accordance with Subparagraph 2.04(b); and

                (iv)
      If any portion of the Term Loan Borrowing is initially to be a LIBOR
      Portion, whether the initial LIBO Rate for such Portion is to be based
      upon the Telerate Page Rate or the Reference Bank Rate.

		Borrower shall give the Notice of Term Loan
      Borrowing to Administrative Agent at least five (5) Business Days before
      the Revolving Loan Maturity Date. The Notice of Term Loan Borrowing shall
      be delivered by first-class mail or facsimile to Administrative Agent at
      the office or facsimile number and during the hours specified in Paragraph
      8.01; provided, however, that Borrower shall promptly
      deliver to Administrative Agent the original of the Notice of Term Loan
      Borrowing if initially delivered by facsimile. Administrative Agent shall
      promptly notify each Lender of the contents of the Notice of Term Loan
      Borrowing.
                (c)
      Repayment. Borrower shall repay the principal amount of the Term
      Loans in full in a single installment payable on the Term Loan Maturity
      Date.

          2.04.
Interest.

		          (a)
      Interest Rates. Borrower shall pay interest on the unpaid principal
      amount of each Loan from the date of such Loan until the Maturity thereof,
      at one of the following rates per annum:

24

		          (i)
      During such periods as any Revolving Loan is a Base Rate Loan or any
      Portion of a Term Loan is a Base Rate Portion, at a rate per annum
      on such Loan or Portion equal to the Base Rate plus the Applicable
      Margin therefor, such rate to change from time to time as the Applicable
      Margin or Base Rate shall change; and
                (ii)
      During such periods as any Revolving Loan is a LIBOR Loan or any Portion
      of a Term Loan is a LIBOR Portion, at a rate per annum on such Loan
      or Portion equal at all times during each Interest Period for such Loan or
      Portion to the LIBO Rate for such Interest Period plus the
      Applicable Margin therefor, such rate to change from time to time during
      such Interest Period as the Applicable Margin shall change.

		

      All Revolving Loans in each Revolving Loan Borrowing shall, at any given
      time prior to Maturity, bear interest at one, and only one, of the above
      rates. The number of Revolving Loan Borrowings consisting of LIBOR Loans
      shall not exceed five (5) at any time. Each Base Rate Portion of the Term
      Loan Borrowing shall be in a minimum amount of $1,000,000 or an integral
      multiple of $100,000 in excess thereof and each LIBOR Portion of the Term
      Loan Borrowing shall be in a minimum amount of $2,500,000 or an integral
      multiple of $500,000 in excess thereof. The number of LIBOR Portions of
      the Term Loan Borrowing shall not exceed five (5) at any time.
                (b)
      LIBOR Loan and LIBOR Portion Interest Periods. 

		

                (i) The
      initial and each subsequent Interest Period selected by Borrower for a
      Revolving Loan Borrowing consisting of LIBOR Loans or a LIBOR Portion of
      the Term Loan Borrowing shall be one (1), two (2), three (3), six (6),
      nine (9) or twelve (12) months; provided, however, that (A)
      any Interest Period that would otherwise end on a day which is not a
      Business Day shall be extended to the next succeeding Business Day unless
      such next Business Day falls in another calendar month, in which case such
      Interest Period shall end on the immediately preceding Business Day; (B)
      any Interest Period that begins on the last Business Day of a calendar
      month (or on a day for which there is no numerically corresponding day in
      the calendar month at the end of such Interest Period) shall end on the
      last Business Day of a calendar month; and (C) no Interest Period shall
      end after the applicable Maturity Date.
                (ii)
      Borrower shall notify Administrative Agent by an irrevocable written
      notice in the form of Exhibit D, appropriately completed (a “Notice
      of Interest Period Selection”), at least three (3) Business Days
      prior to the last day of each Interest Period for a Revolving Loan
      Borrowing consisting of LIBOR Loans or a LIBOR Portion of the Term Loan
      Borrowing of the Interest Period selected by Borrower for the next
      succeeding Interest Period for such LIBOR Loans or LIBOR Portion and
      whether the LIBO Rate for such Interest Period is to be based upon the
      Telerate Page Rate or the Reference Bank Rate. Each Notice of Interest
      Period Selection shall be given by first-class mail or facsimile to the
      office or the

    

25

		facsimile number and during the hours
      specified in Paragraph 8.01; provided, however, that
      (A) Borrower shall promptly deliver to Administrative Agent the original
      of any Notice of Interest Period Selection initially delivered by
      facsimile and (B) in the case of any Notice of Interest Period Selection
      for any outstanding Revolving Loan Borrowing consisting of LIBOR Loans or
      any outstanding LIBOR Portion of the Term Loan Borrowing which is being
      rolled over in the same principal amount, Borrower may deliver such Notice
      of Interest Period Selection electronically, with a digital signature, to
      the email address of Administrative Agent. If Borrower fails to notify
      Administrative Agent of the next Interest Period for a Revolving Loan
      Borrowing consisting of LIBOR Loans or a LIBOR Portion of the Term Loan
      Borrowing in accordance with this Subparagraph 2.04(b), such LIBOR
      Loans or LIBOR Portion shall automatically convert to Base Rate Loans or a
      Base Rate Portion, as the case may be, on the last day of the current
      Interest Period therefor. If Borrower fails to notify Administrative Agent
      whether the LIBO Rate for any Interest Period is to be based upon the
      Telerate Page Rate or the Reference Bank Rate, the LIBO Rate for such
      Interest Period shall automatically be based upon the Telerate Page Rate.

		

                (c) Conversion
      of Term Loan Portions. Borrower may convert any Portion of the Term
      Loan Borrowing from one Type of Portion into another Type; provided,
      however, that any conversion of a LIBOR Portion into a Base Rate
      Portion shall be made on, and only on, the last day of an Interest Period
      for such LIBOR Portion. Borrower shall request such a conversion by an
      irrevocable written notice to Administrative Agent in the form of Exhibit
      E, appropriately completed (a “Notice of Term Loan Conversion”),
      which specifies, among other things:

		

                (i) The
      Portion of the Term Loan Borrowing which is to be converted;
                (ii)
      The amount and Type of each Portion of the Term Loan Borrowing into which
      it is to be converted;

                (iii)
      If any Portion of the Term Loan Borrowing is to be converted into a LIBOR
      Portion, the initial Interest Period selected by Borrower for such Portion
      in accordance with Subparagraph 2.04(b);

                (iv)
      If any Portion of the Term Loan Borrowing is to be converted into a LIBOR
      Portion, whether the initial LIBO Rate for such Portion is to be based
      upon the Telerate Page Rate or the Reference Bank Rate; and

                (v)
      The date of the requested conversion, which shall be a Business Day.

		

      Borrower shall give each Notice of Term Loan Conversion to Administrative
      Agent at least three (3) Business Days before the date of the requested
      conversion. Each Notice of Term Loan Conversion shall be delivered by
      first-class mail or facsimile to Administrative Agent at the office or to
      the facsimile number and during the hours

26

		specified in Paragraph 8.01; provided,
      however, that (A) Borrower shall promptly deliver to Administrative
      Agent the original of any Notice of Term Loan Conversion initially
      delivered by facsimile and (B) in the case of any Notice of Term Loan
      Conversion for any outstanding Portion of the Term Loan Borrowing which is
      being rolled over into another Type of Portion in the same principal
      amount, Borrower may deliver such Notice of Term Loan Conversion
      electronically, with a digital signature, to the email address of
      Administrative Agent. Administrative Agent shall promptly notify each
      Lender of the contents of each Notice of Term Loan Conversion.
                (d)
      Scheduled Interest Payments. Borrower shall pay accrued interest on
      the unpaid principal amount of each Loan in arrears (i) in the case of a
      Base Rate Loan or Base Rate Portion, on the first day in each January,
      April, July and October (commencing October 1, 2000), (ii) in the case of
      a LIBOR Loan or LIBOR Portion, on the last day of each Interest Period
      therefor (and, if any such Interest Period is longer than three (3)
      months, every three (3) months); and (iii) in the case of all Loans, upon
      prepayment (to the extent thereof) and at Maturity. 

          2.05.
Purpose. Borrower shall use the proceeds of the Revolving Loans to
repurchase shares of its common stock to the extent permitted hereby and for
Borrower’s general corporate purposes. Borrower shall use the proceeds of the
Term Loans solely to repay the Revolving Loans on the Revolving Loan Maturity
Date.

          2.06.
Increases in Total Commitment, Commitment Reductions, Etc.

		          (a)
      Increase in Total Commitment. If no Default has occurred and is
      continuing, upon the written request of Borrower and with the consent of
      Administrative Agent, the Total Commitment may be increased by adding an
      additional Lender (a “New Lender”) or increasing the Commitment of an
      existing Lender; provided, however, that:

		

                (i) The Total
      Commitment shall not be increased above $100,000,000 without the consent
      of all Lenders;
                (ii)
      Any New Lender shall satisfy the requirements of an Assignee Lender and
      shall execute a joinder instrument substantially in the form of Exhibit
      F (a “New Lender Joinder”) and any increase in the Commitment of
      an existing Lender shall be evidenced by the written consent of such
      Lender substantially in the form of Exhibit G (a “Consent to
      Increase Commitment”). Five (5) counterparts of each New Lender Joinder
      or Consent to Increase Commitment shall be executed by the New Lender or
      existing Lender whose Commitment is being increased and delivered to
      Administrative Agent for its acceptance and recording in the Register.
      Each New Lender Joinder or Consent to Increase Commitment shall specify
      the Commitment amount of such New Lender or existing Lender and the date
      on which such Commitment of the New Lender or such increase in the
      Commitment of an existing Lender becomes effective (a “Commitment
      Effective Date”), which date shall be at least five (5) Business
      Days after the date counterparts of the New Lender Joinder or Consent to
      Increase

27

		Commitment are delivered to Administrative
      Agent unless Administrative Agent shall otherwise consent;
                (iii)
      Upon receipt of any New Lender Joinder or Consent to Increase Commitment
      which is accepted by Administrative Agent for recording, Administrative
      Agent will give notice to Borrower and all Lenders (including any New
      Lender) of (y) the applicable Commitment Effective Date, and (z) if any
      Revolving Loan Borrowing is outstanding on such Commitment Effective Date,
      the aggregate amount of all Revolving Loans to be funded by the New Lender
      or the existing Lender whose Commitment is being increased on the
      Commitment Effective Date. If any Revolving Loan Borrowing is outstanding
      on a Commitment Effective Date, the applicable New Lender or existing
      Lender whose Commitment is being increased shall before 12:00 noon (San
      Francisco time) on such Commitment Effective Date make available to
      Administrative Agent at Administrative Agent’s office specified in Paragraph
      8.01, in same day or immediately available funds, such New Lender’s
      applicable Proportionate Share of such Revolving Loan Borrowing or the
      difference between the principal amount of such existing Lender’s
      Revolving Loan which is part of such Revolving Loan Borrowing and its
      applicable Proportionate Share of such Revolving Loan Borrowing and
      Administrative Agent shall disburse such funds to the other Lenders in the
      amount necessary so that each Lender’s Revolving Loan which is part of
      such Revolving Loan Borrowing is equal to such Lender’s Proportionate
      Share of such Revolving Loan Borrowing. If such outstanding Revolving Loan
      Borrowing consists of LIBOR Loans, Borrower shall pay to each Lender
      receiving any prepayment of such LIBOR Loans on a date other than the last
      day of an Interest Period for such LIBOR Loans all amounts payable to such
      Lender under Paragraph 2.15;

                (iv)
      Upon the Commitment Effective Date for any New Lender, such New Lender
      shall be a Lender hereunder with a Commitment and Loans in the amount set
      forth in the notice given by Administrative Agent pursuant to clause
      (iii) above and shall have the rights, duties and obligations of such
      a Lender under this Agreement and the other Credit Documents. Upon the
      Commitment Effective Date for any existing Lender whose Commitment is
      being increased, such Lender shall be a Lender with a Commitment and Loans
      in the amount set forth in the notice given by Administrative Agent
      pursuant to clause (iii) above. Each New Lender Joinder and Consent
      to Increase Commitment which is accepted and recorded by Administrative
      Agent shall be deemed to amend Schedule I to the extent, and only
      to the extent, necessary to reflect the addition of each New Lender and
      its Commitment, any increase in the Commitment of an existing Lender and
      the resulting adjustment of the Proportionate Shares arising from such
      changes in the Commitments;

                (v)
      On or prior to any Commitment Effective Date, Borrower, at its own
      expense, shall execute and deliver to Administrative Agent a new Revolving
      Loan Note to the order of any New Lender or existing Lender whose
      Commitment

28

		is being increased (in exchange for the
      surrendered Revolving Loan Note, if any, of such existing Lender) that
      requests such Revolving Loan Note. Each such Revolving Loan Note shall be
      in an amount equal to the Commitment of such New Lender or existing Lender
      on such Commitment Effective Date and shall be dated the date of this
      Agreement. Any Revolving Loan Note surrendered by an existing Lender shall
      be returned by Administrative Agent to Borrower marked “replaced”; and
                (vi)
      Each New Lender which is not incorporated in the United States of America
      or a state thereof shall, within three (3) Business Days of becoming a
      Lender, deliver to Borrower and Administrative Agent two duly completed
      copies of United States Internal Revenue Service Form W-8BEN or W-8ECI (or
      successor applicable form), as the case may be, certifying in each case
      that such Lender is entitled to receive payments under this Agreement
      without deduction or withholding of any United States federal income
      taxes.

		

                (b) Reduction
      or Termination of Commitments. Borrower may, upon five (5) Business
      Days written notice to Administrative Agent, permanently reduce the Total
      Commitment by the amount of Five Million Dollars ($5,000,000) or an
      integral multiple thereof or terminate the Total Commitment in its
      entirety; provided, however, that:

		

                (i) Borrower
      may not reduce the Total Commitment prior to the Revolving Loan Maturity
      Date, if, after giving effect to such reduction, the aggregate principal
      amount of all Revolving Loans then outstanding would exceed the Total
      Commitment; and
                (ii)
      Borrower may not terminate the Total Commitment prior to the Revolving
      Loan Maturity Date, if, after giving effect to such termination, any
      Revolving Loan would then remain outstanding.

		

      Unless sooner terminated pursuant to this Agreement, the Commitments shall
      terminate on the Revolving Loan Maturity Date.
                (c)
      Effect of Commitment Increases or Reductions. From the effective
      date of any increase or reduction of the Total Commitment, the Commitment
      Fees payable pursuant to Subparagraph 2.07(b) shall be computed on
      the basis of the Total Commitment as so increased or reduced. Once reduced
      or cancelled by Borrower pursuant to Subparagraph 2.06(b), the
      Total Commitment may not be increased or reinstated without the prior
      written consent of all applicable Lenders. Any reduction of the Total
      Commitment pursuant to Subparagraph 2.06(b) shall be applied
      ratably to reduce each Lender’s Commitment in accordance with clause
      (i) of Subparagraph 2.12(a).

29

          2.07.
Fees.

		          (a)
      Administrative Agent’s Fee. Borrower shall pay to Administrative
      Agent, for its own account, agent’s fees and other compensation in the
      amounts and at the times set forth in the Administrative Agent’s Fee
      Letter.
                (b)
      Commitment Fees. Borrower shall pay to Administrative Agent for the
      ratable benefit of the Lenders as provided in clause (iv) of
      Subparagraph 2.12(a), commitment fees (the “Commitment Fees”)
      equal to the Commitment Fee Percentage of the daily average Unused amount
      of the Total Commitment for the period beginning on the date of this
      Agreement and ending on the Revolving Loan Maturity Date. Borrower shall
      pay the Commitment Fees in arrears on the first day in each January,
      April, July and October (commencing October 1, 2000) and on the Revolving
      Loan Maturity Date (or if the Total Commitment is cancelled on a date
      prior to the Revolving Loan Maturity, as the case may be, on such prior
      date).

          2.08.
Prepayments.

		          (a)
      Terms of all Prepayments. Upon the prepayment of any Loan (whether
      such prepayment is an optional prepayment under Subparagraph 2.08(b),
      a mandatory prepayment required by Subparagraph 2.08(c) or a
      mandatory prepayment required by any other provision of this Agreement or
      the other Credit Documents, including a prepayment upon acceleration),
      Borrower shall pay to the Lender that made such Loan (i) all accrued
      interest to the date of such prepayment on the amount prepaid and (ii) if
      such prepayment is the prepayment of a LIBOR Loan or of a LIBOR Portion on
      a day other than the last day of an Interest Period for such LIBOR Loan or
      such LIBOR Portion, all amounts payable to such Lender pursuant to Paragraph
      2.15.
                (b)
      Optional Prepayments. At its option, Borrower may, upon one (1)
      Business Day notice to Administrative Agent in the case of Base Rate Loans
      or Base Rate Portions or three (3) Business Days notice to Administrative
      Agent in the case of LIBOR Loans or LIBOR Portions, prepay the Loans in
      any Borrowing in part, in an aggregate principal amount of $2,500,000 or
      more, or in whole.

                (c)
      Mandatory Prepayments. If, at any time, the aggregate principal
      amount of all Revolving Loans then outstanding exceeds the Total
      Commitment at such time, Borrower shall immediately prepay Revolving Loans
      in an aggregate principal amount equal to such excess.

                (d)
      Application of Term Loan Prepayments. All Term Loan prepayments
      shall, to the extent possible, be first applied to prepay Base Rate
      Portions and then if any funds remain, to prepay LIBOR Portions. 

          2.09.
Other Payment Terms.

		          (a)
      Place and Manner. Borrower shall make all payments due to each
      Lender or Administrative Agent hereunder by payments to Administrative
      Agent at

30

		Administrative Agent’s office located at
      the address specified in Paragraph 8.01, with each payment due to a
      Lender to be for the account of such Lender and such Lender’s Applicable
      Lending Office. Borrower shall make all payments hereunder in lawful money
      of the United States and in same day or immediately available funds not
      later than 12:00 noon (San Francisco time) on the date due. Administrative
      Agent shall promptly disburse to each Lender each payment received by
      Administrative Agent for the account of such Lender.
                (b)
      Date. Whenever any payment due hereunder shall fall due on a day
      other than a Business Day, such payment shall be made on the next
      succeeding Business Day, and such extension of time shall be included in
      the computation of interest or fees, as the case may be.

                (c)
      Late Payments. If any amount required to be paid by Borrower under
      this Agreement or the other Credit Documents (including principal or
      interest payable on any Loan, any fee or other amount) remains unpaid
      after such amount is due, Borrower shall pay interest on the aggregate,
      outstanding balance of such amount from the date due until such amount is
      paid in full at a per annum rate equal to the Base Rate plus two
      percent (2.00%) per annum, such rate to change from time to time as
      the Base Rate shall change.

                (d)
      Application of Payments. All payments hereunder shall be applied
      first to unpaid fees, costs and expenses then due and payable under this
      Agreement or the other Credit Documents, second to accrued interest then
      due and payable under this Agreement or the other Credit Documents and
      finally to reduce the principal amount of outstanding Loans.

                (e)
      Failure to Pay Administrative Agent. Unless Administrative Agent
      shall have received notice from Borrower at least one (1) Business Day
      prior to the date on which any payment is due to Lenders hereunder that
      Borrower will not make such payment in full, Administrative Agent shall be
      entitled to assume that Borrower has made or will make such payment in
      full to Administrative Agent on such date and Administrative Agent may, in
      reliance upon such assumption, cause to be paid to Lenders on such due
      date an amount equal to the amount then due such Lenders. If and to the
      extent Borrower shall not have so made such payment in full to
      Administrative Agent, each such Lender shall repay to Administrative Agent
      forthwith on demand such portion of the amount distributed to such Lender
      as was not received from Borrower together with interest thereon, for each
      day from the date such amount is distributed to such Lender until the date
      such Lender repays the amount required to be returned to Administrative
      Agent, at a per annum rate equal to (i) the Federal Funds Rate for
      the first three (3) days and (ii) the rate applicable to Base Rate Loans
      thereafter. A certificate of Administrative Agent submitted to any Lender
      with respect to any amount owing by such Lender under this Subparagraph
      2.09(e) shall constitute prima facie evidence of such amount.

          2.10.
Loan Accounts; Notes.

31

		          (a)
      Loan Accounts. The obligation of Borrower to repay the Loans made
      to it by each Lender and to pay interest thereon at the rates provided
      herein shall be evidenced by an account or accounts maintained by such
      Lender on its books (individually, a “Loan Account”), except that any
      Lender may request that its Loans be evidenced by a note or notes pursuant
      to Subparagraph 2.10(b) and Subparagraph 2.10(c). Each
      Lender shall record in its Loan Accounts (i) the date and amount of each
      Loan made by such Lender, (ii) the interest rates applicable to each such
      Loan and each Portion thereof and the effective dates of all changes
      thereto, (iii) the Interest Period for each LIBOR Loan and LIBOR Portion,
      (iv) the date and amount of each principal and interest payment on each
      Loan and Portion and (v) such other information as such Lender may
      determine is necessary for the computation of principal and interest
      payable to it by Borrower hereunder; provided, however, that
      any failure by a Lender to make, or any error by any Lender in making, any
      such notation shall not affect Borrower’s Obligations. The Loan Accounts
      shall constitute prima facie evidence of the matters noted therein.
                (b)
      Revolving Loan Notes. If any Lender so requests, such Lender’s
      Revolving Loans shall be evidenced by promissory notes in the form of Exhibit
      H (individually, a “Revolving Loan Note”) which notes shall
      be (i) payable to the order of such Lender, (ii) in the amount of such
      Lender’s Commitment, (iii) dated the date of this Agreement and (iv)
      otherwise appropriately completed. Borrower authorizes each Lender to
      record on the schedule annexed to such Lender’s applicable Revolving
      Loan Note the date and amount of each Revolving Loan made by such Lender
      and of each payment or prepayment of principal thereon made by Borrower,
      and agrees that all such notations shall constitute prima facie
      evidence of the matters noted; provided, however, that any
      failure by a Lender to make, or any error by any Lender in making, any
      such notation shall not affect Borrower’s Obligations. Borrower further
      authorizes each Lender to attach to and make a part of such Lender’s
      Revolving Loan Notes continuations of the schedule attached thereto as
      necessary.

                (c)
      Term Loan Notes. If any Lender so requests, such Lender’s Term
      Loan shall be evidenced by a promissory note in the form of Exhibit I
      (individually, a “Term Loan Note”) which note shall be (i) payable to
      the order of such Lender, (ii) in the amount of such Lender’s Term Loan,
      (iii) dated the Revolving Loan Maturity Date and (iv) otherwise
      appropriately completed.

32

          2.11.
Loan Funding.

		          (a)
      Lender Funding and Disbursement to Borrower. Each Lender shall,
      before 12:00 noon (San Francisco time) on the date of each Borrowing, make
      available to Administrative Agent at Administrative Agent’s office
      specified in Paragraph 8.01, in same day or immediately available
      funds, such Lender’s applicable Proportionate Share of such Borrowing.
      After Administrative Agent’s receipt of such funds and upon satisfaction
      of the applicable conditions set forth in Section III,
      Administrative Agent shall promptly disburse such funds to Borrower in
      same day or immediately available funds. Administrative Agent shall
      disburse the proceeds of each Revolving Loan Borrowing by disbursement to
      the account or accounts specified in the applicable Notice of Borrowing.
      The proceeds of the Term Loan Borrowing shall be applied to repay the
      Revolving Loans and shall be disbursed directly to Lenders.
                (b)
      Lender Failure to Fund. Unless Administrative Agent shall have
      received notice from a Lender prior to the date of any Borrowing that such
      Lender will not make available to Administrative Agent such Lender’s
      applicable Proportionate Share of such Borrowing, Administrative Agent
      shall be entitled to assume that such Lender has made or will make such
      portion available to Administrative Agent on the date of such Borrowing in
      accordance with Subparagraph 2.11(a), and Administrative Agent may
      on such date, in reliance upon such assumption, disburse or otherwise
      credit to Borrower a corresponding amount. If any Lender does not make the
      amount of its applicable Proportionate Share of any Borrowing available to
      Administrative Agent on or prior to the date of such Borrowing, such
      Lender shall pay to Administrative Agent, on demand, interest which shall
      accrue on such amount from the date of such Borrowing until such amount is
      paid to Administrative Agent at rates equal to (i) the daily Federal Funds
      Rate during the period from the date of such Borrowing through the third
      Business Day thereafter and (ii) the rate applicable to Base Rate Loans
      thereafter. A certificate of Administrative Agent submitted to any Lender
      with respect to any amount owing by such Lender under this Subparagraph
      2.11(b) shall constitute prima facie evidence of such amount.
      If the amount of any Lender’s applicable Proportionate Share of any
      Borrowing is not paid to Administrative Agent by such Lender within three
      (3) Business Days after the date of such Borrowing, Borrower shall repay
      such amount to Administrative Agent, on demand, together with interest
      thereon, for each day from the date such amount was disbursed to Borrower
      until the date such amount is repaid to Administrative Agent, at the
      interest rate applicable at the time to the Loans comprising such
      Borrowing.

                (c)
      Lenders’ Obligations Several. The failure of any Lender to make
      the Loan to be made by it as part of any Borrowing shall not relieve any
      other Lender of its obligation hereunder to make its Loan as part of such
      Borrowing, but no Lender shall be obligated in any way to make any Loan
      which another Lender has failed or refused to make or otherwise be in any
      way responsible for the failure or refusal of any other Lender to make any
      Loan required to be made by such other Lender on the date of any
      Borrowing.

33

          2.12.
Pro Rata Treatment.

		          (a)
      Borrowings, Commitment Reductions, Etc. Except as otherwise
      provided herein:

		

                (i) Each
      Borrowing and reduction of the Total Commitment shall be made or shared
      among Lenders pro rata according to their respective Proportionate
      Shares;
                (ii)
      Each payment of principal on Loans in any Borrowing shall be shared among
      Lenders pro rata according to the respective unpaid principal
      amounts of such Loans then owed to such Lenders;

                (iii)
      Each payment of interest on Loans in any Borrowing shall be shared among
      Lenders pro rata according to (A) the respective unpaid principal
      amounts of such Loans made or funded by such Lenders and (B) the dates on
      which such Lenders so made or funded such Loans;

                (iv)
      Each payment of Commitment Fees shall be shared among Lenders (except for
      Defaulting Lenders) pro rata according to (A) their respective
      Proportionate Shares and (B) in the case of each Lender which becomes a
      Lender hereunder after the date hereof, the date upon which such Lender so
      became a Lender;

                (v)
      Each payment of interest (other than interest on Loans) shall be shared
      among Lenders and Administrative Agent owed the amount upon which such
      interest accrues pro rata according to (A) the respective amounts
      so owed such Lenders and Administrative Agent and (B) the dates on which
      such amounts became owing to such Lenders and Administrative Agent; and

                (vi)
      All other payments under this Agreement and the other Credit Documents
      shall be for the benefit of the Person or Persons specified.

		

                (b) Sharing
      of Payments, Etc. If any Lender shall obtain any payment (whether
      voluntary, involuntary, through the exercise of any right of setoff, or
      otherwise) on account of Loans owed to it in excess of its ratable share
      of payments on account of such Loans obtained by all Lenders entitled to
      such payments, such Lender shall forthwith purchase from the other Lenders
      such participations in the Loans as shall be necessary to cause such
      purchasing Lender to share the excess payment ratably with each of them; provided,
      however, that if all or any portion of such excess payment is
      thereafter recovered from such purchasing Lender, such purchase shall be
      rescinded and each other Lender shall repay to the purchasing Lender the
      purchase price to the extent of such recovery together with an amount
      equal to such other Lender’s ratable share (according to the proportion
      of (i) the amount of such other Lender’s required repayment to (ii) the
      total amount so recovered from the purchasing Lender) of any interest or
      other amount paid or payable by the purchasing Lender in respect of the
      total amount so recovered. Borrower

34

		agrees that any Lender so purchasing a
      participation from another Lender pursuant to this Subparagraph 2.12(b)
      may, to the fullest extent permitted by law, exercise all its rights of
      payment (including the right of setoff) with respect to such participation
      as fully as if such Lender were the direct creditor of Borrower in the
      amount of such participation.

          2.13.
Change of Circumstances.

		          (a)
      Inability to Determine Rates. If, on or before the first day of any
      Interest Period for any LIBOR Loan or LIBOR Portion, (i) any Lender shall
      advise Administrative Agent that the LIBO Rate for such Interest Period
      cannot be adequately and reasonably determined due to the unavailability
      of funds in or other circumstances affecting the London interbank market
      or (ii) Majority Lenders shall advise Administrative Agent that the rate
      of interest for such Loan or Portion, as the case may be, does not
      adequately and fairly reflect the cost to such Lenders of making or
      maintaining such LIBOR Loan or LIBOR Portion, Administrative Agent shall
      immediately give notice of such condition to Borrower and the other
      Lenders. After the giving of any such notice and until Administrative
      Agent shall otherwise notify Borrower that the circumstances giving rise
      to such condition no longer exist, Borrower’s right to request the
      making of, conversion to or a new Interest Period for LIBOR Loans or LIBOR
      Portions shall be suspended. Any LIBOR Loans or LIBOR Portions outstanding
      at the commencement of any such suspension shall be converted at the end
      of the then current Interest Period for such LIBOR Loans or LIBOR Portions
      into Base Rate Loans or Base Rate Portions, as the case may be, unless
      such suspension has then ended.
                (b)
      Illegality. If, after the date of this Agreement, the adoption of
      any Governmental Rule, any change in any Governmental Rule or the
      application or requirements thereof (whether such change occurs in
      accordance with the terms of such Governmental Rule as enacted, as a
      result of amendment or otherwise), any change in the interpretation or
      administration of any Governmental Rule by any Governmental Authority, or
      compliance by any Lender with any request or directive (whether or not
      having the force of law) of any Governmental Authority (a “Change of
      Law”) shall make it unlawful or impossible for any Lender to make or
      maintain any LIBOR Loan or LIBOR Portion, such Lender shall immediately
      notify Administrative Agent and Borrower of such Change of Law. Upon
      receipt of such notice, (i) Borrower’s right to request the making of,
      conversion to or a new Interest Period for LIBOR Loans or LIBOR Portions
      shall be terminated, and Borrower shall, at the request of such Lender,
      (A) repay any outstanding LIBOR Loans or convert any outstanding LIBOR
      Portions into Base Rate Loans at the end of the current Interest Period
      for such LIBOR Loans or LIBOR Portions or (B) immediately repay or convert
      any such LIBOR Loans or LIBOR Portions if such Lender shall notify
      Borrower that such Lender may not lawfully continue to fund and maintain
      such LIBOR Loans or LIBOR Portions. Any conversion or prepayment of LIBOR
      Loans or LIBOR Portions made pursuant to the preceding sentence prior to
      the last day of an Interest Period for such LIBOR Loans or LIBOR Portions
      shall be deemed a prepayment thereof for purposes of Paragraph 2.15.
      After any Lender notifies Administrative Agent and Borrower of such a
      Change of Law and until such Lender notifies Administrative Agent and
      Borrower that it is no longer unlawful or impossible

35

		for such Lender to make or maintain a LIBOR
      Loan or LIBOR Portion, all Revolving Loans and all Portions of the Term
      Loan of such Lender shall be Base Rate Loans and Base Rate Portions,
      respectively.
                (c)
      Increased Costs. If, after the date of this Agreement, any Change
      of Law:

    

		

                 (i)
      Shall subject any Lender to any tax, duty or other charge with respect to
      any LIBOR Loan or LIBOR Portion, or shall change the basis of taxation of
      payments by Borrower to any Lender on such a LIBOR Loan or LIBOR Portion
      or in respect to such a LIBOR Loan or LIBOR Portion under this Agreement
      (except for changes in the rate of taxation on the overall net income of
      any Lender imposed by its jurisdiction of incorporation or the
      jurisdiction in which its principal executive office is located); or
                (ii)
      Shall impose, modify or hold applicable any reserve (excluding any Reserve
      Requirement or other reserve to the extent included in the calculation of
      the LIBO Rate for any Loans or Portions), special deposit or similar
      requirement against assets held by, deposits or other liabilities in or
      for the account of, advances or loans by, or any other acquisition of
      funds by any Lender for any LIBOR Loan or LIBOR Portion; or

                (iii)
      Shall impose on any Lender any other condition related to any LIBOR Loan
      or LIBOR Portion or such Lender’s Commitments;

    

		

      And the effect of any of the foregoing is to increase the cost to such
      Lender of making, renewing, or maintaining any such LIBOR Loan or LIBOR
      Portion or its Commitments or to reduce any amount receivable by such
      Lender hereunder; then Borrower shall from time to time, within five (5)
      Business Days after demand by such Lender, pay to such Lender additional
      amounts sufficient to reimburse such Lender for such increased costs or to
      compensate such Lender for such reduced amounts; provided, however,
      that Borrower shall have no obligation to make any payment to any
      demanding party under this Subparagraph 2.13(c) on account of any
      such increased costs or reduced amounts unless Borrower receives notice of
      such increased costs or reduced amounts from the demanding party within
      six (6) months after they are incurred or realized. A certificate setting
      forth in reasonable detail the amount of such increased costs or reduced
      amounts, submitted by such Lender to Borrower shall constitute prima
      facie evidence of such costs or amounts. The obligations of Borrower
      under this Subparagraph 2.13(c) shall survive the payment and
      performance of the Obligations and the termination of this Agreement.
                (d)
      Capital Requirements. If, after the date of this Agreement, any
      Lender determines that (i) any Change of Law affects the amount of capital
      required or expected to be maintained by such Lender or any Person
      controlling such Lender (a “Capital Adequacy Requirement”) and
      (ii) the amount of capital maintained by such Lender or such Person which
      is attributable to or based upon the Loans, the Commitments or this
      Agreement must be increased as a result of such Capital Adequacy
      Requirement (taking into account such Lender’s or such Person’s
      policies with respect to capital adequacy),

    

36

		Borrower shall pay to such Lender or such
      Person, within five (5) Business Days after demand of such Lender, such
      amounts as such Lender or such Person shall determine are necessary to
      compensate such Lender or such Person for the increased costs to such
      Lender or such Person of such increased capital; provided, however,
      that Borrower shall have no obligation to make any payment to any
      demanding party under this Subparagraph 2.13(d) on account of any
      such increased costs unless Borrower receives notice of such increased
      costs from the demanding party within six (6) months after they are
      incurred or realized. A certificate setting forth in reasonable detail the
      amount of such increased costs, submitted by any Lender to Borrower shall
      constitute prima facie evidence of such costs. The
      obligations of Borrower under this Subparagraph 2.13(d) shall
      survive the payment and performance of the Obligations and the termination
      of this Agreement.
                (e)
      Mitigation. Any Lender which becomes aware of (i) any Change of Law
      which will make it unlawful or impossible for such Lender to make or
      maintain any LIBOR Loan or LIBOR Portion or (ii) any Change of Law or
      other event or condition which will obligate Borrower to pay any amount
      pursuant to Subparagraph 2.13(c) or Subparagraph 2.13(d)
      shall notify Borrower and Administrative Agent thereof as promptly as
      practical. If any Lender has given notice of any such Change of Law or
      other event or condition and thereafter becomes aware that such Change of
      Law or other event or condition has ceased to exist, such Lender shall
      notify Borrower and Administrative Agent thereof as promptly as practical.
      Each Lender affected by any Change of Law which makes it unlawful or
      impossible for such Lender to make or maintain any LIBOR Loan or LIBOR
      Portion or to which Borrower is obligated to pay any amount pursuant to Subparagraph
      2.13(c) or Subparagraph 2.13(d) shall use reasonable commercial
      efforts (including changing the jurisdiction of its Applicable Lending
      Office) to avoid the effect of such Change of Law or to avoid or
      materially reduce any amounts which Borrower is obligated to pay pursuant
      to Subparagraph 2.13(c) or Subparagraph 2.13(d) if, in the
      reasonable opinion of such Lender, such efforts would not be
      disadvantageous to such Lender or contrary to such Lender’s normal
      banking practices.

          2.14.
Taxes on Payments.

		          (a)
      Payments Free of Taxes. All payments made by Borrower under this
      Agreement and the other Credit Documents shall be made free and clear of,
      and without deduction or withholding for or on account of, any present or
      future income, stamp, documentary or other taxes, any duties, or any other
      levies, imposts, charges, fees, deductions or withholdings, now or
      hereafter imposed, levied, collected, withheld or assessed by any
      Governmental Authority (except net income taxes and franchise taxes in
      lieu of net income taxes imposed on Administrative Agent or any Lender by
      its jurisdiction of incorporation or the jurisdiction in which its
      Applicable Lending Office is located) (all such non-excluded taxes,
      duties, levies, imposts, charges, fees, deductions and withholdings being
      hereinafter called “Taxes”). If any Taxes are required to be withheld
      from any amounts payable to Administrative Agent or any Lender hereunder
      or under the other Credit Documents, the amounts so payable to
      Administrative Agent or such Lender shall be increased to the extent
      necessary to yield to Administrative Agent or such Lender (after payment
      of all Taxes) interest or any such other amounts payable

37

		hereunder at the rates or in the amounts
      specified in this Agreement and the other Credit Documents. Whenever any
      Taxes are payable by Borrower, as promptly as possible thereafter,
      Borrower shall send to Administrative Agent for its own account or for the
      account of such Lender, as the case may be, a certified copy of an
      original official receipt received by Borrower showing payment thereof. If
      Borrower fails to pay any Taxes when due to the appropriate taxing
      authority or fails to remit to Administrative Agent the required receipts
      or other required documentary evidence, Borrower shall indemnify
      Administrative Agent and Lenders for any taxes, interest or penalties that
      may become payable by Administrative Agent or any Lender as a result of
      any such failure. The obligations of Borrower under this Subparagraph
      2.14(a) shall survive the payment and performance of the Obligations
      and the termination of this Agreement.
                (b)
      Withholding Exemption Certificates. On or prior to the date of the
      initial Borrowing or, if such date does not occur within thirty (30) days
      after the date of this Agreement, by the end of such 30-day period, each
      Lender which is not organized under the laws of the United States of
      America or a state thereof shall deliver to Borrower and Administrative
      Agent two duly completed copies of United States Internal Revenue Service
      Form W-8BEN or W-8ECI (or successor applicable form), as the case may be,
      certifying in each case that such Lender is entitled to receive payments
      under this Agreement without deduction or withholding or with reduced
      deduction or withholding of any United States federal income taxes. Each
      such Lender further agrees (i) promptly to notify Borrower and
      Administrative Agent of any change of circumstances (including any change
      in any treaty, law or regulation) which would prevent such Lender from
      receiving payments hereunder without any deduction or withholding or with
      reduced deduction or withholding of such taxes as indicated on the most
      recent such certificate or other form previously delivered by such Lender
      and (ii) if such Lender has not so notified Borrower and Administrative
      Agent of any change of circumstances which would prevent such Lender from
      receiving payments hereunder without any deduction or withholding or with
      reduced deduction or withholding of taxes as indicated on the most recent
      such certificate or other form previously delivered by such Lender, then
      on or before the date that any certificate or other form delivered by such
      Lender under this Subparagraph 2.14(b) expires or becomes obsolete
      or after the occurrence of any event requiring a change in the most recent
      such certificate or form previously delivered by such Lender, to deliver
      to Borrower and Administrative Agent a new certificate or form, certifying
      that such Lender is entitled to receive payments under this Agreement
      without deduction or withholding or with reduced deduction or withholding
      of such taxes. If any Lender fails to provide to Borrower or
      Administrative Agent pursuant to this Subparagraph 2.14(b) (or, in
      the case of a New Lender, Subparagraph 2.06(a), or, in the case of
      an Assignee Lender, Subparagraph 8.05(c)) any certificates or other
      evidence required by such provision to establish that such Lender is, at
      the time it becomes a Lender hereunder, entitled to receive payments under
      this Agreement without deduction or withholding or with reduced deduction
      or withholding of any United States federal income taxes, such Lender
      shall not be entitled to any indemnification under Subparagraph 2.14(a)
      for any Taxes imposed on such Lender primarily as a result of such
      failure.

38

		          (c)
      Mitigation. If Administrative Agent or any Lender claims any
      additional amounts to be payable to it pursuant to this Paragraph 2.14,
      such Person shall use reasonable commercial efforts to file any
      certificate or document requested in writing by Borrower (including copies
      of Internal Revenue Service Form W-8BEN (or successor forms) reflecting a
      reduced rate of withholding or to change the jurisdiction of its
      Applicable Lending Office if the making of such a filing or such change in
      the jurisdiction of its Applicable Lending Office would avoid the need for
      or materially reduce the amount of any such additional amounts which may
      thereafter accrue and if, in the reasonable opinion of such Person, in the
      case of a change in the jurisdiction of its Applicable Lending Office,
      such change would not be disadvantageous to such Person or contrary to
      such Person’s normal banking practices.
                (d)
      Tax Returns. Nothing contained in this Paragraph 2.14 shall
      require Administrative Agent or any Lender to make available any of its
      tax returns (or any other information relating to its taxes which it deems
      to be confidential).

          2.15.
Funding Loss Indemnification. If Borrower shall (a) repay, prepay or
convert any LIBOR Loan or LIBOR Portion on any day other than the last day of an
Interest Period therefor (whether a scheduled payment, an optional prepayment or
conversion, a mandatory prepayment or conversion, a payment upon acceleration or
otherwise), (b) fail to borrow any LIBOR Loan or LIBOR Portion for which a
Notice of Borrowing has been delivered to Administrative Agent (whether as a
result of the failure to satisfy any applicable conditions or otherwise) or (c)
fail to convert any Portion of the Term Loan Borrowing into a LIBOR Portion in
accordance with a Notice of Term Loan Conversion delivered to Administrative
Agent (whether as a result of the failure to satisfy any applicable conditions
or otherwise), Borrower shall, within five (5) Business Days after demand by any
Lender, reimburse such Lender for and hold such Lender harmless from all costs
and losses incurred by such Lender as a result of such repayment, prepayment,
conversion or failure; provided, however, that Borrower shall have
no obligation to make any payment to any demanding party under this Paragraph
2.15 on account of any such costs or losses unless Borrower receives notice
of such costs or losses from the demanding party within six (6) months after
they are incurred or realized. Borrower understands that such costs and losses
may include, without limitation, losses incurred by a Lender as a result of
funding and other contracts entered into by such Lender to fund a LIBOR Loan or
LIBOR Portion. Each Lender demanding payment under this Paragraph 2.15
shall deliver to Borrower, with a copy to Administrative Agent, a certificate
setting forth the amount of costs and losses for which demand is made, which
certificate shall set forth in reasonable detail the calculation of the amount
demanded. Such a certificate so delivered to Borrower shall constitute prima
facie evidence of such costs and losses. The obligations of Borrower under
this Paragraph 2.15 shall survive the payment and performance of the
Obligations and the termination of this Agreement.

          2.16.
Replacement of Lenders. If any Lender shall (a) become a Defaulting
Lender more than one (1) time in a period of twelve (12) consecutive months, (b)
continue as a Defaulting Lender for more than five (5) Business Days at any
time, (c) not consent to an Extension Request given pursuant to Subparagraph
2.02(a), (d) suspend its obligation to make or maintain LIBOR Loans or LIBOR
Portions pursuant to Subparagraph 2.13(b) for a reason which is not
applicable to any other Lender or (e) demand any payment under Subparagraph
2.13(c),

39

2.13(d) or 2.14(a) for a reason which is not
applicable to any other Lender, then Administrative Agent may, with the written
consent of Borrower, or shall, upon the written request of Borrower, replace
such Lender (the “affected Lender”), or cause such affected Lender to be
replaced with another lender (the “replacement Lender”) satisfying the
requirements of an Assignee Lender, by having the affected Lender sell and
assign all of its rights and obligations under this Agreement and the other
Credit Documents to the replacement Lender pursuant to Subparagraph 8.05(c);
provided, however, that if Borrower seeks to exercise such right,
it must do so within sixty (60) days after it first knows or should have known
of the occurrence of the event or events giving rise to such right, and neither
Administrative Agent nor any Lender shall have any obligation to identify or
locate a replacement Lender for Borrower. Upon receipt by any affected Lender of
a written notice from Administrative Agent stating that Administrative Agent is
exercising the replacement right set forth in this Paragraph 2.16, such
affected Lender shall sell and assign all of its rights and obligations under
this Agreement and the other Credit Documents to the replacement Lender pursuant
to an Assignment Agreement and Subparagraph 8.05(c) for a purchase price
equal to the sum of the principal amount of the affected Lender’s Loans so
sold and assigned, all accrued and unpaid interest thereon and its ratable share
of all fees to which it is entitled.

SECTION III.      CONDITIONS
PRECEDENT.

          3.01.
Initial Conditions Precedent. The obligations of Lenders to make the
Loans are subject to receipt by Administrative Agent, not more than thirty (30)
days after the date of this Agreement (the “Document Delivery Date”),
of each item listed in Schedule 3.01, each in form and substance
satisfactory to Administrative Agent and each Lender, and with sufficient copies
for, Administrative Agent and each Lender.

          3.02.
Conditions Precedent to Term Loan Borrowing. The obligations of Lenders
to make the Term Loans comprising the Term Loan Borrowing also are subject to
receipt by Administrative Agent, on or prior to the Revolving Loan Maturity
Date, of a Term Loan Note for each Lender so requesting such a note, duly
executed by Borrower.

          3.03.
Conditions Precedent to Each Credit Event.

		          (a)
      The occurrence of each Credit Event (including the initial Borrowing and
      the Term Loan Borrowing) is subject to the further condition that Borrower
      shall have delivered to Administrative Agent the Notice of Borrowing,
      Notice of Term Loan Conversion or Notice of Interest Period Selection, as
      the case may be, for such Credit Event in accordance with this Agreement.
                (b)
      On the date each Borrowing is to occur and after giving effect to such
      Borrowing, the following shall be true and correct:

		

                (i) The
      representations and warranties of Borrower set forth in Paragraph 4.01
      and in the other Credit Documents are true and correct in all material
      respects as if made on such date (except for representations and

40

		warranties expressly made as of a specified
      date, which shall be true as of such date); and
                (ii)
      No Default has occurred and is continuing or will result from such
      Borrowing.

		

      The submission by Borrower to Administrative Agent of each Notice of
      Borrowing (other than a Notice of Borrowing for a Revolving Loan Borrowing
      consisting of Base Rate Loans to be used solely to repay an existing
      Borrowing) shall be deemed to be a representation and warranty by Borrower
      that each of the statements set forth above in this Subparagraph
      3.03(b) is true and correct as of the date of such notice.

          3.04.
Covenant to Deliver. Borrower agrees (not as a condition but as a
covenant) to deliver to Administrative Agent each item required to be delivered
to Administrative Agent as a condition to the occurrence of any Credit Event if
such Credit Event occurs. Borrower expressly agrees that the occurrence of any
such Credit Event prior to the receipt by Administrative Agent of any such item
shall not constitute a waiver by Administrative Agent or any Lender of Borrower’s
obligation to deliver such item.

SECTION IV.      REPRESENTATIONS
AND WARRANTIES.

          4.01.
Borrower’s Representations and Warranties. In order to induce
Administrative Agent and Lenders to enter into this Agreement, Borrower hereby
represents and warrants to Administrative Agent and Lenders as follows:

		          (a)
      Due Incorporation, Qualification, etc. Each of Borrower and
      Borrower’s Material Subsidiaries (i) is a corporation duly organized,
      validly existing and in good standing under the laws of its jurisdiction
      of organization; (ii) has the power and authority to own, lease and
      operate its properties and carry on its business as now conducted; and
      (iii) is duly qualified, licensed to do business and in good standing as a
      foreign corporation in each jurisdiction where the failure to be so
      qualified or licensed is reasonably likely to have a Material Adverse
      Effect.
                (b)
      Authority. The execution, delivery and performance by Borrower of
      each Credit Document executed, or to be executed, by Borrower and the
      consummation of the transactions contemplated thereby (i) are within the
      power of Borrower and (ii) have been duly authorized by all necessary
      actions on the part of Borrower.

                (c)
      Enforceability. Each Credit Document executed, or to be executed,
      by Borrower has been, or will be, duly executed and delivered by Borrower
      and constitutes, or will constitute, a legal, valid and binding obligation
      of Borrower, enforceable against Borrower in accordance with its terms,
      except as limited by bankruptcy, insolvency or other laws of general
      application relating to or affecting the enforcement of creditors’
      rights generally and general principles of equity.

41

		          (d)
      Non-Contravention. The execution and delivery by Borrower of the
      Credit Documents executed by Borrower and the performance and consummation
      of the transactions contemplated thereby do not (i) violate any
      Requirement of Law applicable to Borrower; (ii) violate any provision of,
      or result in the breach or the acceleration of, or entitle any other
      Person to accelerate (whether after the giving of notice or lapse of time
      or both), any Contractual Obligation of Borrower required by Regulation
      S-K to be made part of Borrower’s public filings; or (iii) result in the
      creation or imposition of any Lien (or the obligation to create or impose
      any Lien) upon any property, asset or revenue of Borrower (except such
      Liens as may be created in favor of Administrative Agent pursuant to this
      Agreement or the other Credit Documents).
                (e)
      Approvals. No consent, approval, order or authorization of, or
      registration, declaration or filing with, any Governmental Authority is
      required in connection with the execution and delivery of the Credit
      Documents executed by Borrower or the performance or consummation of the
      transactions contemplated thereby, except for those which have been made
      or obtained and are in full force and effect.

                (f)
      No Violation or Default. Neither Borrower nor any of its
      Subsidiaries is in violation of or in default with respect to (i) any
      Requirement of Law applicable to such Person or (ii) any Contractual
      Obligation of such Person (nor is there any waiver in effect which, if not
      in effect, would result in such a violation or default), where, in each
      case, such violation or default is reasonably likely to have a Material
      Adverse Effect. Without limiting the generality of the foregoing, neither
      Borrower nor any of its Subsidiaries (A) has violated any Environmental
      Laws, (B) has any liability under any Environmental Laws or (C) has
      received notice or other communication of an investigation or is under
      investigation by any Governmental Authority having authority to enforce
      Environmental Laws, where such violation, liability or investigation is
      reasonably likely to have a Material Adverse Effect. No Default has
      occurred and is continuing.

                (g)
      Litigation. Except as disclosed in the 10-Q report filed by
      Borrower with the Securities and Exchange Commission for the fiscal
      quarter ended June 4, 1999, no actions (including derivative actions),
      suits, proceedings or investigations are pending or, to the knowledge of
      Borrower, threatened against Borrower or any of its Subsidiaries at law or
      in equity in any court or before any other Governmental Authority which (i)
      is reasonably likely (alone or in the aggregate) to have a Material
      Adverse Effect or (ii) seeks to enjoin, either directly or indirectly, the
      execution, delivery or performance by Borrower of the Credit Documents or
      the transactions contemplated thereby.

                (h)
      Title; Possession Under Leases. Borrower and its Material
      Subsidiaries own and have good and marketable title, or a valid leasehold
      interest in, or licenses with respect to, all their respective properties
      and assets as reflected in the most recent Financial Statements delivered
      to Administrative Agent (except those assets and properties disposed of in
      the ordinary course of business or otherwise in compliance with this
      Agreement since the date of such Financial Statements) and all respective
      assets and properties acquired by Borrower and its Material Subsidiaries
      since such date (except those disposed of in the ordinary course of
      business or otherwise in compliance with this

       

42

		Agreement). Such assets and properties are
      subject to no Lien, except for Permitted Liens. Each of Borrower and its
      Material Subsidiaries has complied with all material obligations under all
      material leases to which it is a party and enjoys peaceful and undisturbed
      possession under such leases subject only to rights of sublessees of
      Borrower or its Material Subsidiaries.
                (i)
      Financial Statements. The Financial Statements of Borrower and its
      Subsidiaries which have been delivered to Administrative Agent, (i) are in
      accordance with the books and records of Borrower and its Subsidiaries,
      which have been maintained in accordance with good business practice; (ii)
      have been prepared in conformity with GAAP; and (iii) fairly present in
      all material respects the financial conditions and results of operations
      of Borrower and its Subsidiaries as of the date thereof and for the period
      covered thereby. Neither Borrower nor any of its Subsidiaries has any
      Contingent Obligations, liability for taxes or other outstanding
      obligations which are material in the aggregate, except as disclosed in
      the audited Financial Statements dated December 3, 1999, or unaudited
      Financial Statements for the fiscal quarter ended June 2, 2000, furnished
      by Borrower to Administrative Agent prior to the date hereof, or in the
      Financial Statements delivered to Administrative Agent pursuant to clause
      (i) or (ii) of Subparagraph 5.01(a).

                (j)
      Equity Securities. All Equity Securities of Borrower have been
      offered and sold in compliance with all federal and state securities laws
      and all other Requirements of Law, except where any failure to comply is
      not reasonably likely to have a Material Adverse Effect.

                (k)
      No Agreements to Sell Assets; Etc. Neither Borrower nor any of its
      Subsidiaries has any legal obligation, absolute or contingent, to any
      Person to sell the assets of Borrower or any of its Subsidiaries (except
      as permitted by Subparagraph 5.02(c)), or to effect any merger,
      consolidation or other reorganization of Borrower or any of its
      Subsidiaries (except as permitted by Subparagraph 5.02(d)) or to
      enter into any agreement with respect thereto.

43

		          (l)
      Employee Benefit Plans.

		

                (i) Based upon
      the latest valuation of each Employee Benefit Plan that either Borrower or
      any ERISA Affiliate maintains or contributes to, or has any obligation
      under (which occurred within twelve months of the date of this
      representation), the aggregate benefit liabilities of such plan within the
      meaning of § 4001 of ERISA did not exceed the aggregate value of the
      assets of such plan. Neither Borrower nor any ERISA Affiliate has any
      liability with respect to any post-retirement benefit under any Employee
      Benefit Plan which is a welfare plan (as defined in section 3(1) of ERISA),
      other than liability for health plan continuation coverage described in
      Part 6 of Title I(B) of ERISA, which liability for health plan
      contribution coverage is not reasonably likely to have a Material Adverse
      Effect.
                (ii)
      Each Employee Benefit Plan complies, in both form and operation, in all
      material respects, with its terms, ERISA and the IRC, and no condition
      exists or event has occurred with respect to any such plan which would
      result in the incurrence by either Borrower or any ERISA Affiliate of any
      material liability, fine or penalty. Each Employee Benefit Plan, related
      trust agreement, arrangement and commitment of Borrower or any ERISA
      Affiliate is legally valid and binding and in full force and effect. No
      Employee Benefit Plan is being audited or investigated by any government
      agency or is subject to any pending or threatened claim or suit. Neither
      Borrower nor any ERISA Affiliate nor any fiduciary of any Employee Benefit
      Plan has engaged in a prohibited transaction under section 406 of ERISA or
      section 4975 of the IRC.

                (iii)
      Neither Borrower nor any ERISA Affiliate contributes to or has any
      material contingent obligations to any Multiemployer Plan. Neither
      Borrower nor any ERISA Affiliate has incurred any material liability
      (including secondary liability) to any Multiemployer Plan as a result of a
      complete or partial withdrawal from such Multiemployer Plan under Section
      4201 of ERISA or as a result of a sale of assets described in Section 4204
      of ERISA. Neither Borrower nor any ERISA Affiliate has been notified that
      any Multiemployer Plan is in reorganization or insolvent under and within
      the meaning of Section 4241 or Section 4245 of ERISA or that any
      Multiemployer Plan intends to terminate or has been terminated under
      Section 4041A of ERISA.

		

                (m) Other
      Regulations. Borrower is not subject to regulation under the
      Investment Company Act of 1940, the Public Utility Holding Company Act of
      1935, the Federal Power Act, the Interstate Commerce Act, any state public
      utilities code or to any other Governmental Rule limiting its ability to
      incur indebtedness.
                (n)
      Patent and Other Rights. Except as disclosed in the 10-Q report
      filed by Borrower with the Securities and Exchange Commission for the
      fiscal quarter ended June 4, 1999, Borrower and its Material Subsidiaries
      own, license or otherwise have the full right to use, under validly
      existing agreements, all material patents, licenses, trademarks,

44

		trade names, trade secrets, service marks,
      copyrights and all rights with respect thereto, which are required to
      conduct their businesses as now conducted.
                (o)
      Governmental Charges. Borrower and its Subsidiaries have filed or
      caused to be filed all tax returns or requests for extension which are
      required to be filed by them. Borrower and its Subsidiaries have paid, or
      made provision for the payment of, all taxes and other Governmental
      Charges which have or may have become due pursuant to said returns or
      otherwise and all other indebtedness, except such Governmental Charges or
      indebtedness, if any, which are being contested in good faith and as to
      which adequate reserves (determined in accordance with GAAP) have been
      provided or which are not reasonably likely to have a Material Adverse
      Effect if unpaid.

                (p)
      Margin Stock. Borrower owns no Margin Stock which, in the
      aggregate, would constitute a substantial part of the assets of Borrower,
      and no proceeds of any Loan will be used to purchase or carry, directly or
      indirectly, any Margin Stock or to extend credit, directly or indirectly,
      to any Person for the purpose of purchasing or carrying any Margin Stock.

                (q)
      Subsidiaries, Etc. Schedule 4.01(q) (as supplemented by
      Borrower from time to time in a written notice to Administrative Agent
      pursuant to Subparagraph 5.01(a)(iii)) sets forth each of Borrower’s
      Subsidiaries, its jurisdiction of organization, the classes of its Equity
      Securities and the percentages of shares of each such class owned directly
      or indirectly by Borrower.

                (r)
      Solvency, Etc. Borrower is Solvent and, after the execution and
      delivery of the Credit Documents and the consummation of the transactions
      contemplated thereby, will be Solvent.

                (s)
      Catastrophic Events. Neither Borrower nor any of its Subsidiaries
      and none of their properties is or has been affected by any fire,
      explosion, accident, strike, lockout or other labor dispute, drought,
      storm, hail, earthquake, embargo, act of God or other casualty that is
      reasonably likely to have a Material Adverse Effect. There are no disputes
      presently subject to grievance procedure, arbitration or litigation under
      any of the collective bargaining agreements, employment contracts or
      employee welfare or incentive plans to which Borrower or any of its
      Subsidiaries is a party, and there are no strikes, lockouts, work
      stoppages or slowdowns, or, to the best knowledge of Borrower,
      jurisdictional disputes or organizing activities occurring or threatened
      which alone or in the aggregate are reasonably likely to have a Material
      Adverse Effect.

                (t)
      No Material Adverse Effect. No event has occurred and no condition
      exists which is reasonably likely to have a Material Adverse Effect.

                (u)
      Year 2000 Compatibility. The 10-Q report filed by Borrower with the
      Securities and Exchange Commission for the fiscal quarter ended June 4,
      1999, describes the actions which Borrower and its Subsidiaries have
      taken, are planning to take or are taking to address the “Year 2000
      Problem” (that is, the risk that computer applications

45

		used by Borrower and its Subsidiaries may be
      unable to recognize and perform properly date-sensitive functions
      involving certain dates prior to and any date on or after December 31,
      1999). Based upon the matters described in such report, Borrower believes
      that the “Year 2000 Problem” will not have a Material Adverse Effect.
                (v)
      Accuracy of Information Furnished. The Credit Documents and the
      other certificates and written statements and information (excluding
      projections and analyst reports) prepared by and furnished by Borrower and
      its Subsidiaries to Administrative Agent and the Lenders in connection
      with the Credit Documents and the transactions contemplated thereby, taken
      as a whole, do not contain any untrue statement of a material fact and do
      not omit to state any material fact necessary to make the statements
      therein, in light of the circumstances under which they were made, not
      misleading. All projections furnished by Borrower and its Subsidiaries to
      Administrative Agent and the Lenders in connection with the Credit
      Documents and the transactions contemplated thereby have been based upon
      reasonable assumptions and represent, as of their respective dates of
      presentations, Borrower’s and its Subsidiaries’ reasonable estimates
      of the future performance of Borrower and its Subsidiaries.

          4.02.
Reaffirmation. Borrower shall be deemed to have reaffirmed, for the
benefit of Lenders and Administrative Agent, each representation and warranty
contained in Paragraph 4.01 on and as of the date of each Borrowing
(except for representations and warranties expressly made as of a specified
date, which shall be true as of such date).

SECTION V.      COVENANTS.

          5.01.
Affirmative Covenants. Until the termination of this Agreement and the
satisfaction in full by Borrower of all Obligations, Borrower will comply, and
will cause compliance, with the following affirmative covenants, unless Required
Lenders shall otherwise consent in writing:

		          (a)
      Financial Statements, Reports, etc. Borrower shall furnish to
      Administrative Agent, with sufficient copies for each Lender, the
      following, each in such form and such detail as Administrative Agent or
      the Required Lenders shall reasonably request:

		

                (i) As soon as
      available and in no event later than forty-five (45) days after the last
      day of each fiscal quarter of Borrower, a copy of the Financial Statements
      of Borrower and its Subsidiaries (prepared on a consolidated basis) for
      such quarter and for the fiscal year to date, certified by the chief
      executive officer or chief financial officer of Borrower to present fairly
      in all material respects the financial condition, results of operations
      and other information reflected therein and to have been prepared in
      accordance with GAAP (subject to normal year-end audit adjustments);

46

		          (ii)
      As soon as available and in no event later than ninety (90) days after the
      close of each fiscal year of Borrower, (A) copies of the audited Financial
      Statements of Borrower and its Subsidiaries (prepared on a consolidated
      basis) for such year, audited by KPMG LLP or other independent certified
      public accountants of recognized national standing acceptable to
      Administrative Agent, and (B) copies of the unqualified opinions (or
      qualified opinions reasonably acceptable to Administrative Agent) and, to
      the extent delivered and within ten (10) days after delivery, final
      management letters delivered by such accountants to the Audit Committee of
      the Board of Directors in connection with all such Financial Statements;
                (iii)
      Contemporaneously with the quarterly and year-end Financial Statements
      required by the foregoing clauses (i) and (ii), a compliance
      certificate of the chief executive officer, chief financial officer or
      treasurer of Borrower (a “Compliance Certificate”) which (A)
      states that the representations and warranties of Borrower set forth in Paragraph
      4.01 and in the other Credit Documents are true and correct in all
      material respects as if made on such date (except for representations and
      warranties expressly made as of a specified date, which shall be true as
      of such date) and no Default has occurred and is continuing, or, if any
      such Default has occurred and is continuing, a statement as to the nature
      thereof and what action Borrower proposes to take with respect thereto;
      (B) sets forth, for the quarter, year or other applicable period covered
      by such Financial Statements or as of the last day of such quarter or year
      (as the case may be), the calculation of the financial ratios and tests
      provided in Subparagraph 5.02(f) and Paragraph 5.03; (C)
      upon Administrative Agent’s request, attaches copies of any letters
      being provided routinely to requesting vendors or customers at such time
      describing the Year 2000 remediation efforts of Borrower and its
      Subsidiaries and (D) lists all Subsidiaries of Borrower and identifies
      each such Subsidiary which is a Material Subsidiary;

                (iv)
      As soon as available and in no event later than forty-five (45) days after
      the last day of each fiscal quarter of Borrower, a certificate of the
      chief financial officer or treasurer of Borrower which sets forth the
      calculation of Borrower’s Debt/EBITDA Ratio for the consecutive
      four-quarter period ending as of such date;

                (v)
      As soon as possible and in no event later than five (5) Business Days
      after any officer of Borrower knows of the occurrence or existence of (A)
      any Reportable Event under any Employee Benefit Plan or Multiemployer
      Plan; (B) any actual litigation, suits or claims against Borrower or any
      of its Subsidiaries which individually asserts a claim for monetary
      damages payable by Borrower or its Subsidiaries of $10,000,000 or more;
      (C) any other event or condition which is reasonably likely to have a
      Material Adverse Effect; or (D) any Default; the statement of the chief
      executive officer, chief financial officer or treasurer of Borrower
      setting forth details of such event, condition or Default and the action
      which Borrower proposes to take with respect thereto;

47

		          (vi)
      As soon as available and in no event later than five (5) Business Days
      after they are sent, made available or filed, copies of (A) all
      registration statements and reports filed by Borrower or any of its
      Subsidiaries with any securities exchange or the United States Securities
      and Exchange Commission (including, without limitation, all 10-Q, 10-K and
      8-K reports); (B) all reports, proxy statements and financial statements
      sent or made available by Borrower to its security holders; and (C) all
      press releases concerning any material developments in the business of
      Borrower made available by Borrower to the public generally; and
                (vii)
      Such other instruments, agreements, certificates, opinions, statements,
      documents and information relating to the operations or condition
      (financial or otherwise) of Borrower or its Subsidiaries, and compliance
      by Borrower with the terms of this Agreement and the other Credit
      Documents as Administrative Agent may from time to time reasonably
      request.

		

                (b) Books
      and Records. Borrower and its Subsidiaries shall at all times keep
      proper books of record and account in which full, true and correct entries
      will be made of their transactions in accordance with GAAP.
                (c)
      Inspections. Borrower and its Subsidiaries shall permit
      Administrative Agent and each Lender, or any agent or representative
      thereof, upon reasonable notice and during normal business hours and to
      the extent reasonably necessary for the administration of the Obligations,
      to visit and inspect any of the properties and offices of Borrower and its
      Material Subsidiaries, to examine the books and records of Borrower and
      its Subsidiaries and make copies thereof, and to discuss the affairs,
      finances and business of Borrower and its Subsidiaries with, and to be
      advised as to the same by, their officers and, after prior written notice
      to Borrower, their auditors and accountants, all at such times and
      intervals as Administrative Agent or any Lender may reasonably request; provided,
      however, (i) unless an Event of Default shall have occurred and be
      continuing, any such visit and inspection shall be made at the sole
      expense of Administrative Agent or the Lender whose agent or
      representative is making such visit and inspection and (ii) when an Event
      of Default exists, any such visit and inspection shall be made at the sole
      expense of Borrower.

                (d)
      Insurance. Borrower and its Material Subsidiaries shall:

		

                (i) Carry and
      maintain insurance of the types and in the amounts customarily carried
      from time to time during the term of this Agreement by others engaged in
      substantially the same business as such Person and operating in the same
      geographic area as such Person, including, but not limited to, fire,
      public liability, property damage and worker’s compensation;
                (ii)
      Carry and maintain each policy for such insurance with (A) a company which
      is rated A or better by A.M. Best and Company at the time such

    

48

		policy is placed and at the time of each
      annual renewal thereof or (B) any other insurer which is reasonably
      satisfactory to Administrative Agent; and
                (iii)
      Deliver to Administrative Agent upon request not more than once each year
      schedules setting forth all insurance then in effect.

		

                (e) Governmental
      Charges and Other Indebtedness. Borrower and its Subsidiaries shall
      promptly pay and discharge when due (i) all taxes and other Governmental
      Charges prior to the date upon which penalties accrue thereon, (ii) all
      indebtedness which, if unpaid, could become a Lien upon the property of
      Borrower or its Material Subsidiaries and (iii) subject to any
      subordination provisions applicable thereto, all other Indebtedness which
      in each case, if unpaid, is reasonably likely to have a Material Adverse
      Effect, except such Indebtedness as may in good faith be contested or
      disputed, or for which arrangements for deferred payment have been made,
      provided that in each such case appropriate reserves are maintained to the
      reasonable satisfaction of Administrative Agent.
                (f)
      Use of Proceeds. Borrower shall use the proceeds of the Loans only
      for the respective purposes set forth in Paragraph 2.05. Borrower
      shall not use any part of the proceeds of any Loan, directly or
      indirectly, for the purpose of purchasing or carrying any Margin Stock or
      for the purpose of purchasing or carrying or trading in any securities
      under such circumstances as to involve Borrower, any Lender or
      Administrative Agent in a violation of Regulations T, U or X issued by the
      Federal Reserve Board.

                (g)
      General Business Operations. Other than as permitted by Subparagraphs
      5.02(c) and 5.02(d), each of Borrower and its Subsidiaries shall (i)
      preserve and maintain its corporate existence and all of its rights,
      privileges and franchises reasonably necessary to the conduct of its
      business, (ii) conduct its business activities in compliance with all
      Requirements of Law and Contractual Obligations applicable to such Person
      and (iii) keep all property useful and necessary in its business in good
      working order and condition, ordinary wear and tear excepted, except, in
      each case, where any failure is not reasonably likely to have a Material
      Adverse Effect. Borrower shall maintain its chief executive office and
      principal place of business in the United States.

                (h)
      Year 2000 Compatibility. Borrower and its Subsidiaries shall take
      all acts reasonably necessary to ensure that all software, hardware,
      firmware, equipment, goods and systems utilized by or material to their
      business operations or financial condition will properly perform date
      sensitive functions before, during and after the year 2000 except where
      the failure to do so would not have a Material Adverse Effect.

                (i)
      Pari Passu Ranking. Borrower shall take, or cause to be taken, all
      actions necessary to ensure that the Obligations of Borrower are and
      continue to rank at least pari passu in right of payment
      with all other unsecured Indebtedness of Borrower.

49

          5.02.
Negative Covenants. Until the termination of this Agreement and the
satisfaction in full by Borrower of all Obligations, Borrower will comply, and
will cause compliance, with the following negative covenants, unless Required
Lenders shall otherwise consent in writing:

		          (a)
      Indebtedness. Neither Borrower nor any of its Subsidiaries shall
      create, incur, assume or permit to exist any Indebtedness except for the
      following (“Permitted Indebtedness”):

		

                (i) The
      Obligations of Borrower under the Credit Documents;
                (ii)
      Indebtedness of Borrower and its Subsidiaries listed in Schedule
      5.02(a) and existing on the date of this Agreement which does not
      otherwise qualify as Permitted Indebtedness;

                (iii)
      Indebtedness of Borrower and its Subsidiaries arising from the endorsement
      of instruments for collection in the ordinary course of their businesses;

                (iv)
      Indebtedness of Borrower and its Subsidiaries for trade accounts payable,
      provided that (A) such accounts arise in the ordinary course of business
      and (B) no material part of any such account is more than ninety (90) days
      past due (unless subject to a bona fide dispute and for which adequate
      reserves have been established);

                (v)
      Indebtedness of Borrower and its Subsidiaries under Rate Contracts,
      provided that, at the time each Rate Contract is entered into, such Rate
      Contract is for bona fide hedging operations and not for speculation;

                (vi)
      Indebtedness of Borrower and its Subsidiaries under initial or successive
      refinancings of any Indebtedness permitted by clause (ii) above,
      provided that (A) the principal amount of any such refinancing does not
      exceed the principal amount of the Indebtedness being refinanced and (B)
      the material terms and provisions of any such refinancing (including
      maturity, redemption, prepayment, default and subordination provisions)
      are no less favorable to Lenders than the Indebtedness being refinanced;

                (vii)
      Indebtedness of Borrower and its Subsidiaries with respect to surety,
      appeal, indemnity, performance or other similar bonds in the ordinary
      course of business (including surety or similar bonds issued in connection
      with the stay of a proceeding of the type described in Subparagraph
      6.01(h));

                (viii)
      Guaranty Obligations of Borrower in respect of Permitted Indebtedness of
      its Subsidiaries;

                (ix)
      Indebtedness of Borrower to any of its Subsidiaries, Indebtedness of any
      of Borrower’s Subsidiaries to Borrower or Indebtedness of any of
      Borrower’s Subsidiaries to any of Borrower’s other Subsidiaries;

50

		          (x)
      Other Indebtedness of Borrower and its Subsidiaries, provided that the
      aggregate principal amount of all such other Indebtedness outstanding at
      any time does not exceed the sum of $200,000,000 plus ten percent (10%) of
      Borrower’s Net Worth determined as of the last day of the immediately
      preceding fiscal quarter.

		

                (b) Liens.
      Neither Borrower nor any of its Subsidiaries shall create, incur, assume
      or permit to exist any Lien on or with respect to any of its assets or
      property of any character, whether now owned or hereafter acquired, except
      for the following (“Permitted Liens”):

		

                (i) Liens in
      favor of Administrative Agent or any Lender securing the Obligations;
                (ii)
      Liens listed in Schedule 5.02(b) and existing on the date of this
      Agreement which do not otherwise qualify as Permitted Liens;

                (iii)
      Liens for taxes or other Governmental Charges not at the time delinquent
      or thereafter payable without penalty or being contested in good faith,
      provided that adequate reserves for the payment thereof have been
      established in accordance with GAAP;

                (iv)
      Liens of carriers, warehousemen, mechanics, materialmen, vendors, and
      landlords and other similar Liens imposed by law incurred in the ordinary
      course of business for sums not overdue more than 45 days or being
      contested in good faith, provided that adequate reserves for the payment
      thereof have been established in accordance with GAAP;

                (v)
      Deposits under workers’ compensation, unemployment insurance and social
      security laws or to secure the performance of bids, tenders, contracts
      (other than for the repayment of borrowed money) or leases, or to secure
      statutory obligations of surety or appeal bonds or to secure indemnity,
      performance or other similar bonds in the ordinary course of business;

                (vi)
      Zoning restrictions, easements, rights-of-way, title irregularities and
      other similar encumbrances, which alone or in the aggregate are not
      substantial in amount and do not materially detract from the value of the
      property subject thereto or interfere with the ordinary conduct of the
      business of Borrower or any of its Subsidiaries;

                (vii)
      Banker’s Liens and similar Liens (including set-off rights) in respect
      of bank deposits;

                (viii)
      Liens on any property or assets acquired, or on the property or assets of
      any Persons acquired, by Borrower or any of its Subsidiaries after the
      date of this Agreement pursuant to Subparagraph 5.02(d), provided
      that (A) such

51

		Liens exist at the time such property or
      assets or such Persons are so acquired and (B) such Liens were not created
      in contemplation of such acquisitions;
                (ix)
      Judgement Liens, provided that such Liens do not constitute an Event of
      Default under Subparagraph 6.01(h);

                (x)
      Liens in favor of customs and revenue authorities arising as a matter of
      law to secure payment of customs duties and in connection with the
      importation of goods in the ordinary course of Borrower’s and its
      Subsidiaries’ businesses;
                (xi)
      Liens securing purchase money loans and Capital Leases incurred by
      Borrower and its Subsidiaries to finance their acquisition of real
      property, fixtures or equipment provided that (A) in each case, the
      Indebtedness secured by such Liens (1) is incurred by such Person at the
      time of, or not later than ninety (90) days after, the acquisition by such
      Person of the property so financed, (2) does not exceed the purchase price
      of the property so financed; and (3) constitutes Permitted Indebtedness
      under Subparagraph 5.02(a); and (B) in each case, such Lien (1)
      covers only those assets, the acquisition of which was financed by such
      Permitted Indebtedness, and (2) secures only such Permitted Indebtedness;
      and provided, further, that this clause (xi) shall apply to Liens
      incurred to finance the costs incurred by Adobe Systems Europe, Ltd. to
      acquire real property in Scotland prior to the date of this Agreement,
      construct improvements thereon and install fixtures and equipment therein
      prior to completion so long as the Indebtedness secured thereby meets all
      of the foregoing requirements except clause (A)(1);

                (xii)
      Liens on the property or assets of any Subsidiary of Borrower in favor of
      Borrower or any other Subsidiary of Borrower;

                (xiii)
      Liens incurred in connection with the extension, renewal or refinancing of
      the Indebtedness secured by the Liens described in clause (ii) or (xi) above,
      provided that any extension, renewal or replacement Lien (A) is limited to
      the property covered by the existing Lien and (B) secures Indebtedness
      which is no greater in amount and has material terms no less favorable to
      Lenders than the Indebtedness secured by the existing Lien; and

                (xiv)
      Other Liens, provided that (A) the Indebtedness secured by such other
      Liens constitutes Permitted Indebtedness under Subparagraph 5.02(a) and
      (B) the aggregate principal amount of such Indebtedness outstanding at any
      time does not exceed ten percent (10%) of Borrower’s Net Worth
      determined as of the last day of the immediately preceding fiscal quarter.

    

		

                (c) Asset
      Dispositions. Neither Borrower nor any of its Subsidiaries shall sell,
      lease, transfer or otherwise dispose of any of its assets or property,
      whether now owned or hereafter acquired, except for the following:

52

		          (i)
      Sales by Borrower and its Subsidiaries of inventory in the ordinary course
      of their businesses;
                (ii)
      Sales by Borrower and its Subsidiaries of surplus, damaged, worn or
      obsolete equipment or inventory in the ordinary course of their
      businesses;

                (iii)
      Sales by Borrower and its Subsidiaries or other dispositions of
      Investments permitted by Subparagraph 5.02(e); (iv) Sales or
      assignments by Borrower and its Subsidiaries of defaulted receivables to a
      collection agency in the ordinary course of their businesses;

                (v)
      Licenses by Borrower and its Subsidiaries of their products, patents,
      copyrights, trademarks, trade names, trade secrets, service marks and any
      other intellectual property in the ordinary course of their businesses;

                (vi)
      Sales by Borrower and its Subsidiaries of closed facilities which are for
      cash and do not exceed $55,000,000 in the aggregate during the term of
      this Agreement;

                (vii)
      Sales, licenses or other dispositions of assets and property by Borrower
      to any of Borrower’s Subsidiaries or by any of Borrower’s Subsidiaries
      to Borrower or any of its other Subsidiaries; and

                (viii)
      Other sales, leases, transfers and disposals by Borrower and its
      Subsidiaries of assets and property, provided that(A) no Default has
      occurred and is continuing on the date of, or will result after giving
      effect to, any such sale, lease, transfer or disposal and (B) the
      aggregate book value of all such assets and property so sold, leased,
      transferred or otherwise disposed of in any fiscal year does not exceed
      ten percent (10%) of Borrower’s Net Worth determined as of the last day
      of the immediately preceding fiscal year.

		

                (d) Mergers,
      Acquisitions, Etc. Neither Borrower nor any of its Subsidiaries shall
      consolidate with or merge into any other Person or permit any other Person
      to merge into it, establish any new Subsidiary, acquire any Person as a
      new Subsidiary or acquire all or substantially all of the assets of any
      other Person, except as follows:

		

                (i) Borrower
      and its Subsidiaries may merge with each other, provided that (A) no
      Default has occurred and is continuing on the date of, or will result
      after giving effect to, any such merger and (B) in any such merger
      involving Borrower, Borrower is the surviving corporation;
                (ii)
      Any Subsidiary of Borrower may dissolve after transferring or distributing
      its assets to Borrower or any of its Subsidiaries, provided that no
      Default has occurred and is continuing on the date of, or will result
      after giving effect to, any such dissolution; and

53

		          (iii)
      Borrower and its Subsidiaries may establish any new Subsidiary or acquire
      any Person as a new Subsidiary or all or substantially all of the assets
      of any other Person, provided that no Default has occurred and is
      continuing on the date of, or will result after giving effect to, any such
      acquisition.

		

                (e) Investments.
      Neither Borrower nor any of its Subsidiaries shall make any Investment
      except for Investments in the following:

		

                (i)
      Investments permitted by the investment policy of Borrower set forth in Schedule
      5.02(e) or, if any changes to the investment policy of Borrower are
      hereafter duly approved by the Board of Directors of Borrower or
      designated committee thereof, in any subsequent investment policy which is
      the most recent investment policy delivered by Borrower to Administrative
      Agent with a certificate of Borrower’s chief financial officer to the
      effect that such investment policy has been duly approved by Borrower’s
      Board of Directors and is then in effect;
                (ii)
      Investments listed in Schedule 5.02(e) existing on the date of this
      Agreement which are not otherwise permitted by the investment policy of
      Borrower set forth in Schedule 5.02(e);

                (iii)
      Investments received by Borrower and its Subsidiaries in connection with
      the bankruptcy or reorganization of customers and suppliers and in
      settlement of delinquent obligations of, and other disputes with,
      customers and suppliers arising in the ordinary course of business;

                (iv)
      Investments arising from rights received by Borrower and its Subsidiaries
      upon the required payment of any permitted Indebtedness of Borrower and
      its Subsidiaries;

                (v)
      Investments consisting of loans to employees, officers and directors of
      Borrower or its Subsidiaries;

                (vi)
      Investments by Borrower and its Subsidiaries in Rate Contracts, provided
      that, at the time each Rate Contract is entered into, such Rate Contract
      is for bona fide hedging operations and not for speculation;

                (vii)
      Deposit accounts;

                (viii)
      Investments permitted by Subparagraph 5.02(d);

                (ix)
      Investments by Borrower and its Subsidiaries in each other;

                (x)
      Venture capital Investments made by Borrower and/or its Subsidiaries and
      Adobe Ventures, L.P., Adobe Ventures II, L.P. and any other venture
      capital partnership in which all of the limited partners are Borrower, its
      Subsidiaries, its Affiliates or employees of Borrower or its Subsidiaries

54

		(individually, a “VC Partnership”),
      provided that (A) at the time a venture capital Investment is made in any
      Person, such Person either operates or is expected to operate in an
      industry related to the business operations of Borrower or its
      Subsidiaries (including Persons which possess or may possess technologies,
      sales and services capabilities, operations or content related to any
      product of Borrower or its Subsidiaries) or has been identified by
      Borrower as a candidate for a strategic relationship with Borrower or its
      Subsidiaries, (B) the aggregate consideration paid (including Indebtedness
      incurred) by Borrower or its Subsidiaries for all such venture capital
      Investments (less any return of capital received in cash on the sale of
      such venture capital Investments and any gain or other income realized on
      such venture capital Investments which is reinvested in new venture
      capital Investments) does not exceed $175,000,000 at any time, and (C) no
      Default has occurred and is continuing on the date of, or will result
      after giving effect to, any such venture capital Investment;
                (xi)
      Investments consisting of purchase money financing provided by Borrower
      and its Subsidiaries to their customers; and

                (xii)
      Other Investments, provided that:

		

                (A) No Default
      has occurred and is continuing on the date of, or will result after giving
      effect to, any such Investment; and
                (B)
      The aggregate consideration paid (including Indebtedness incurred) by
      Borrower and its Subsidiaries for all such Investments in any fiscal year
      does not exceed ten percent (10%) of Borrower’s Net Worth determined as
      of the last day of the immediately preceding fiscal year.

		

                (f) Dividends,
      Redemptions, Etc. Neither Borrower nor any of its Subsidiaries shall
      pay any dividends or make any distributions on its Equity Securities;
      purchase, redeem, retire, defease or otherwise acquire for value any of
      its Equity Securities; return any capital to any holder of its Equity
      Securities as such; make any distribution of assets, Equity Securities,
      obligations or securities to any holder of its Equity Securities as such;
      or set apart any sum for any such purpose; except as follows:

		

                (i) Borrower
      or any of its Subsidiaries may pay dividends on its capital stock payable
      solely in such Person’s own capital stock and Borrower may purchase,
      redeem, retire, defease or otherwise acquire for value capital stock of
      Borrower issued to employees of Borrower or its Subsidiaries in exchange
      for other capital stock of Borrower;
                (ii)
      Any Subsidiary of Borrower may pay dividends to or repurchase its capital
      stock from Borrower;

                (iii)
      Adobe Incentive Partners may make Adobe Incentive Partners Distributions
      and any VC Partnership may make distributions to its partners;

55

		          (iv)
      Borrower may repurchase its capital stock from an employee of Borrower or
      its Subsidiaries (A) in an amount equal to any taxes payable by such
      employee upon the exercise of options to purchase capital stock of
      Borrower, or (B) upon termination of such employee’s employment; and
                (v)
      Borrower may pay other dividends on its capital stock in cash or
      repurchase its capital stock for cash, provided that:

    

		

                (A) In each
      case, no Event of Default has occurred and is continuing on the date of,
      or will result after giving effect to, any such payment or repurchase; and
                (B)
      If the Debt/EBITDA Ratio of Borrower for any consecutive four-quarter
      period is equal to or greater than 1.25:1.00, the sum of Borrower’s Net
      Share Repurchases and cash dividends (excluding dividends payable pursuant
      to clauses (ii) and (iii) above) for the next succeeding quarter
      shall not exceed forty percent (40%) of Borrower’s EBITDA for such
      consecutive four-quarter period.

    

		

                (g) Change
      in Business. Neither Borrower nor any of its Subsidiaries shall engage
      in any business substantially different from its present business, as
      described in the 10-K report filed by Borrower with the Securities and
      Exchange Commission for the fiscal year ended November 27, 1998, and other
      internet-related services for its customers.

56

		          (h)
      Employee Benefit Plans. 

		

                (i) Neither
      Borrower nor any ERISA Affiliate shall (A) adopt or institute any Employee
      Benefit Plan that is an employee pension benefit plan within the meaning
      of Section 3(2) of ERISA, (B) take any action which will result in the
      partial or complete withdrawal, within the meanings of sections 4203 and
      4205 of ERISA, from a Multiemployer Plan, (C) engage or permit any Person
      to engage in any transaction prohibited by section 406 of ERISA or section
      4975 of the IRC involving any Employee Benefit Plan or Multiemployer Plan
      which would subject Borrower or any ERISA Affiliate to any tax, penalty or
      other liability including a liability to indemnify, (D) incur or allow to
      exist any accumulated funding deficiency (within the meaning of section
      412 of the IRC or section 302 of ERISA), (E) fail to make full payment
      when due of all amounts due as contributions to any Employee Benefit Plan
      or Multiemployer Plan, (F) fail to comply with the requirements of section
      4980B of the IRC or Part 6 of Title I(B) of ERISA, or (G) adopt any
      amendment to any Employee Benefit Plan which would require the posting of
      security pursuant to section 401(a)(29) of the IRC, where singly or
      cumulatively, the above would be reasonably likely to have a Material
      Adverse Effect.
                (ii)
      Neither Borrower nor any of its Subsidiaries shall (A) engage in any
      transaction prohibited by any Governmental Rule applicable to any Foreign
      Plan, (B) fail to make full payment when due of all amounts due as
      contributions to any Foreign Plan or (C) otherwise fail to comply with the
      requirements of any Governmental Rule applicable to any Foreign Plan,
      where singly or cumulatively, the above would be reasonably likely to have
      a Material Adverse Effect.

    

		

                (i) Transactions
      With Affiliates. Neither Borrower nor any of its Subsidiaries shall
      enter into any Contractual Obligation with any Affiliate (other than
      Borrower or one of its Subsidiaries) or engage in any other transaction
      with any Affiliate except (i) for agreements with officers and directors
      of Borrower or its Subsidiaries for indemnification or participation under
      Borrower’s equity plans and loans to or retention or severance
      agreements with officers and directors of Borrower or its Subsidiaries,
      each as approved by the Board of Directors of Borrower; (ii) upon terms at
      least as favorable to Borrower or such Subsidiary as an arms-length
      transaction with unaffiliated Persons; or (iii) for transactions with
      Affiliates in which Borrower or its Subsidiaries have venture capital
      Investments permitted by Subparagraph 5.02(e)(x).
                (k)
      Accounting Changes. Neither Borrower nor any of its Subsidiaries
      shall change (i) its fiscal year (currently ending the Friday closest to
      November 30) or (ii) its accounting practices except as required by GAAP.

    

57

          5.03.
Financial Covenants. Until the termination of this Agreement and the
satisfaction in full by Borrower of all Obligations, Borrower will comply, and
will cause compliance, with the following financial covenants, unless Required
Lenders shall otherwise consent in writing:

		          (a)
      Quick Ratio. Borrower shall not permit its Quick Ratio to be less
      than 1.00 on the last day of any fiscal quarter.
                (b)
      Debt/EBITDA Ratio. Borrower shall not permit its Debt/EBITDA Ratio
      for any consecutive four-quarter period to be greater than 2.50.

                (c)
      Fixed Charge Coverage Ratio. Borrower shall not permit its Fixed
      Charge Coverage Ratio for any consecutive four-quarter period to be less
      than 2.25.

SECTION VI.     DEFAULT.

          6.01.
Events of Default. The occurrence or existence of any one or more of the
following shall constitute an “Event of Default” hereunder:

		          (a)
      Non-Payment. Borrower shall (i) fail to pay when due any principal
      of any Loan, (ii) fail to pay on the Maturity Date for any Loans any
      interest, fees or other amounts payable with respect to such Loans on such
      Maturity Date, or (iii) fail to pay within five (5) days after the same
      becomes due, any other interest, fees or amounts required under the terms
      of this Agreement or any of the other Credit Documents; or
                (b)
      Specific Defaults. Borrower or any of its Subsidiaries shall fail
      to observe or perform any covenant, obligation, condition or agreement set
      forth in Paragraph 5.02 or Paragraph 5.03; or

                (c)
      Other Defaults. Borrower or any of its Subsidiaries shall fail to
      observe or perform any other covenant, obligation, condition or agreement
      contained in this Agreement or the other Credit Documents and such failure
      shall continue for fifteen (15) Business Days after the earlier of (i)
      Borrower’s written acknowledgement of such failure and (ii)
      Administrative Agent’s or any Lender’s written notice to Borrower of
      such failure; or

                (d)
      Representations and Warranties. Any written representation,
      warranty, certificate, information or other statement (financial or
      otherwise) made or furnished by Borrower or any of its Subsidiaries to
      Administrative Agent or any Lender in or in connection with this Agreement
      or any of the other Credit Documents shall be false, incorrect, incomplete
      or misleading in any material respect when made or furnished and either:

		

                (i) Borrower
      has acknowledged that such representation, warranty, certificate,
      information or other statement was false, incorrect, incomplete or
      misleading in any material respect or Administrative Agent or any Lender
      has

58

		delivered to Borrower written notice to such
      effect and such representation, warranty, certificate, information or
      other statement cannot be remedied; or
                (ii)
      Such representation, warranty, certificate, information or other statement
      continues to be false, incorrect, incomplete or misleading in any material
      respect thirty (30) days after the earlier of (A) Borrower’s written
      acknowledgement that such representation, warranty, certificate,
      information or other statement was false, incorrect, incomplete or
      misleading in any material respect and (B) Administrative Agent’s or any
      Lender’s written notice to Borrower to such effect; or

		

                (e) Cross-Default.
      (i) Borrower or any of its Subsidiaries shall fail to make any payment on
      account of any Indebtedness of such Person (other than the Obligations)
      when due (whether at scheduled maturity, by required prepayment, upon
      acceleration or otherwise) and such failure shall continue beyond any
      period of grace provided with respect thereto, if the amount of such
      Indebtedness exceeds $5,000,000 or the effect of such failure is to cause,
      or permit the holder or holders thereof to cause, Indebtedness of Borrower
      and its Subsidiaries (other than the Obligations) in an aggregate amount
      exceeding $5,000,000 to become redeemable, due or otherwise payable
      (whether at scheduled maturity, by required prepayment, upon acceleration
      or otherwise) and/or to be secured by cash collateral or (ii) Borrower or
      any of its Subsidiaries shall otherwise fail to observe or perform any
      agreement, term or condition contained in any agreement or instrument
      relating to any Indebtedness of such Person (other than the Obligations),
      or any other event shall occur or condition shall exist, if the effect of
      such failure, event or condition is to cause, or permit the holder or
      holders thereof to cause, Indebtedness of Borrower and its Subsidiaries
      (other than the Obligations) in an aggregate amount exceeding $5,000,000
      to become redeemable, due or otherwise payable (whether at scheduled
      maturity, by required prepayment, upon acceleration or otherwise) and/or
      to be secured by cash collateral; or
                (f)
      Insolvency, Voluntary Proceedings. Borrower or any of its Material
      Subsidiaries shall (i) apply for or consent to the appointment of a
      receiver, trustee, liquidator or custodian of itself or of all or a
      substantial part of its property, (ii) be unable, or admit in writing its
      inability, to pay its debts generally as they mature, (iii) make a general
      assignment for the benefit of its or any of its creditors, (iv) be
      dissolved or liquidated in full or in part except as otherwise permitted
      by Subparagraph 5.02(d)(ii), (v) become insolvent (as such term may
      be defined or interpreted under any applicable statute), (vi) commence a
      voluntary case or other proceeding seeking liquidation, reorganization or
      other relief with respect to itself or its debts under any bankruptcy,
      insolvency or other similar law now or hereafter in effect or consent to
      any such relief or to the appointment of or taking possession of its
      property by any official in an involuntary case or other proceeding
      commenced against it, or (vi) take any action for the purpose of effecting
      any of the foregoing; or

                (g)
      Involuntary Proceedings. Proceedings for the appointment of a
      receiver, trustee, liquidator or custodian of Borrower or any of its
      Material Subsidiaries or of all or

59

		a substantial part of the property thereof,
      or an involuntary case or other proceedings seeking liquidation,
      reorganization or other relief with respect to Borrower or any of its
      Material Subsidiaries or the debts thereof under any bankruptcy,
      insolvency or other similar law now or hereafter in effect shall be
      commenced and an order for relief entered or such proceeding shall not be
      dismissed or discharged within sixty (60) days of commencement; or
                (h)
      Judgments. (i) One or more judgments, orders, decrees or
      arbitration awards requiring Borrower and/or its Subsidiaries to pay an
      aggregate amount of $10,000,000 or more (exclusive of amounts covered by
      insurance issued by an insurer not an Affiliate of Borrower and otherwise
      satisfying the requirements set forth in Subparagraph 5.01(d))
      shall be rendered against Borrower and/or any of its Subsidiaries in
      connection with any single or related series of transactions, incidents or
      circumstances and the same shall not be satisfied, vacated or stayed for a
      period of ten (10) consecutive days; (ii) any judgment, writ, assessment,
      warrant of attachment, tax lien or execution or similar process shall be
      issued or levied against a substantial part of the property of Borrower
      and its Subsidiaries taken as a whole and the same shall not be released,
      stayed, vacated or otherwise dismissed within ten (10) days after issue or
      levy; or (iii) any other judgments, orders, decrees, arbitration awards,
      writs, assessments, warrants of attachment, tax liens or executions or
      similar processes which, alone or in the aggregate, are reasonably likely
      to have a Material Adverse Effect are rendered, issued or levied; or

                (i)
      Credit Documents. The Credit Documents, taken as a whole, shall
      cease to provide Administrative Agent or any Lender the practical
      realization of the material rights and remedies intended to be provided
      thereunder or be asserted by Borrower or any of its Subsidiaries not to be
      a legal, valid and binding obligation of Borrower or any of its
      Subsidiaries enforceable in accordance with its terms; or

                (j)
      Employee Benefit Plans. Any Reportable Event which constitutes
      grounds for the termination of any Employee Benefit Plan by the PBGC or
      for the appointment of a trustee by the PBGC to administer any Employee
      Benefit Plan shall occur, or any Employee Benefit Plan shall be terminated
      within the meaning of Title IV of ERISA or a trustee shall be appointed by
      the PBGC to administer any Employee Benefit Plan; or

                (k)
      Change of Control. Any Change of Control shall occur; or

                (l)
      Material Adverse Effect. Any event(s) or condition(s) which is
      (are) reasonably likely to have a Material Adverse Effect shall occur or
      exist.

    

          6.02.
Remedies. At any time after the occurrence and during the continuance of
any Event of Default (other than an Event of Default referred to in Subparagraph
6.01(f) or 6.01(g)), Administrative Agent may, with the consent of the
Required Lenders, or shall, upon instructions from the Required Lenders, by
written notice to Borrower, (a) terminate the Commitments and the obligations of
Lenders to make Loans and/or (b) declare all outstanding Obligations payable by
Borrower to be immediately due and payable without presentment, demand, protest
or any other notice of any kind, all of which are hereby expressly waived,
anything contained herein or

60

in the Notes to the contrary notwithstanding. Upon the
occurrence or existence of any Event of Default described in Subparagraph
6.01(f) or 6.01(g), immediately and without notice, (1) the
Commitments and the obligations of Lenders to make Loans shall automatically
terminate and (2) all outstanding Obligations payable by Borrower hereunder
shall automatically become immediately due and payable, without presentment,
demand, protest or any other notice of any kind, all of which are hereby
expressly waived, anything contained herein or in the Notes to the contrary
notwithstanding. In addition to the foregoing remedies, upon the occurrence or
existence of any Event of Default, Administrative Agent may exercise any other
right, power or remedy available to it under any of the Credit Documents or
otherwise by law, either by suit in equity or by action at law, or both.

SECTION VII.     AGENTS AND
RELATIONS AMONG LENDERS.

          7.01.
Appointment, Powers and Immunities of Administrative Agent. Each Lender
hereby appoints and authorizes Administrative Agent to act as its agent
hereunder and under the other Credit Documents with such powers as are expressly
delegated to Administrative Agent by the terms of this Agreement and the other
Credit Documents, together with such other powers as are reasonably incidental
thereto. Administrative Agent shall not have any duties or responsibilities
except those expressly set forth in this Agreement or in any other Credit
Document, be a trustee for any Lender or have any fiduciary duty to any Lender.
Notwithstanding anything to the contrary contained herein, Administrative Agent
shall not be required to take any action which is contrary to this Agreement or
any other Credit Document or any applicable Governmental Rule. Neither
Administrative Agent nor any Lender shall be responsible to any other Lender for
any recitals, statements, representations or warranties made by Borrower or any
of its Subsidiaries contained in this Agreement or in any other Credit Document,
for the value, validity, effectiveness, genuineness, enforceability or
sufficiency of this Agreement or any other Credit Document or for any failure by
Borrower or any of its Subsidiaries to perform their respective obligations
hereunder or thereunder. Administrative Agent may employ agents and
attorneys-in-fact and shall not be responsible to any Lender for the negligence
or misconduct of any such agents or attorneys-in-fact selected by it with
reasonable care. Neither Administrative Agent nor any of its directors,
officers, employees, agents or advisors shall be responsible to any Lender for
any action taken or omitted to be taken by it or them hereunder or under any
other Credit Document or in connection herewith or therewith, except for its or
their own gross negligence or willful misconduct. Except as otherwise provided
under this Agreement, Administrative Agent shall take such action with respect
to the Credit Documents as shall be directed by the Required Lenders.
Administrative Agent shall provide each Lender with copies of such documents
received from Borrower pursuant to the Credit Documents as such Lender may
reasonably request.

          7.02.
Reliance by Administrative Agent. Administrative Agent shall be entitled
to rely upon any certificate, notice or other document (including any cable,
telegram, facsimile or telex) believed by it in good faith to be genuine and
correct and to have been signed or sent by or on behalf of the proper Person or
Persons, and upon advice and statements of legal counsel, independent
accountants and other experts selected by Administrative Agent with reasonable
care. As to any other matters not expressly provided for by this Agreement,
Administrative

61

Agent shall not be required to take any action or exercise any
discretion, but shall be required to act or to refrain from acting upon
instructions of the Required Lenders and shall in all cases be fully protected
by Lenders in acting, or in refraining from acting, hereunder or under any other
Credit Document in accordance with the instructions of the Required Lenders, and
such instructions of the Required Lenders and any action taken or failure to act
pursuant thereto shall be binding on all of Lenders.

          7.03.
Defaults. Administrative Agent shall not be deemed to have knowledge or
notice of the occurrence of any Default unless Borrower has failed to make a
payment required to be made to Administrative Agent hereunder or Administrative
Agent has received a written notice from a Lender or Borrower, referring to this
Agreement and describing the provision under which such Default occurred. If
Administrative Agent receives such a notice of the occurrence of a Default,
Administrative Agent shall give prompt notice thereof to Lenders. Administrative
Agent shall take such action with respect to such Default as shall be reasonably
directed by the Required Lenders; provided, however, that until
Administrative Agent shall have received such directions, Administrative Agent
may (but shall not be obligated to) take such action, or refrain from taking
such action, with respect to such Default as it shall deem advisable in the best
interest of Lenders.

          7.04.
Indemnification. Without limiting the Obligations of Borrower hereunder,
each Lender agrees to indemnify Administrative Agent (to the extent not
reimbursed by Borrower), ratably in accordance with their Proportionate Shares,
for any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind or nature
whatsoever which may at any time be imposed on, incurred by or asserted against
Administrative Agent (other than in its capacity as a Lender) in any way
relating to or arising out of this Agreement or any documents contemplated by or
referred to herein or therein or the transactions contemplated hereby or thereby
or the enforcement of any of the terms hereof or thereof subject to
reimbursement on a pro rata basis if any such payment is subsequently
recovered from Borrower; provided, however, that no Lender shall
be liable for any of the foregoing to the extent they arise from Administrative
Agent’s gross negligence or willful misconduct. Administrative Agent shall be
fully justified in refusing to take or in continuing to take any action
hereunder unless it shall first be indemnified to its satisfaction by Lenders
against any and all liability and expense which may be incurred by it by reason
of taking or continuing to take any such action. The obligations of each Lender
under this Paragraph 7.04 shall survive the payment and performance of
the Obligations, the termination of this Agreement and any Lender ceasing to be
a party to this Agreement (with respect to events which occurred prior to the
time such Lender ceased to be a Lender hereunder).

          7.05.
Non-Reliance. Each Lender represents that it has, independently and
without reliance on Administrative Agent or any other Lender, and based on such
documents and information as it has deemed appropriate, made its own appraisal
of the business, prospects, management, financial condition and affairs of
Borrower and the Subsidiaries and its own decision to enter into this Agreement
and agrees that it will, independently and without reliance upon Administrative
Agent or any other Lender, and based on such documents and information as it
shall deem appropriate at the time, continue to make its own appraisals and
decisions in taking or not taking action under this Agreement. Neither
Administrative Agent nor any of its

62

affiliates nor any of their respective directors, officers,
employees, agents or advisors shall (a) be required to keep any Lender informed
as to the performance or observance by Borrower or any of its Subsidiaries of
the obligations under this Agreement or any other document referred to or
provided for herein or to make inquiry of, or to inspect the properties or books
of Borrower or any of its Subsidiaries; (b) have any duty or responsibility to
provide any Lender with any credit or other information concerning Borrower or
any of its Subsidiaries which may come into the possession of Administrative
Agent, except for notices, reports and other documents and information expressly
required to be furnished to Lenders by Administrative Agent hereunder; or (c) be
responsible to any Lender for (i) any recital, statement, representation or
warranty made by Borrower or any officer, employee or agent of Borrower in this
Agreement or in any of the other Credit Documents, (ii) the value, validity,
effectiveness, genuineness, enforceability or sufficiency of this Agreement or
any Credit Document, (iii) the value or sufficiency of any collateral or the
validity or perfection of any of the liens or security interests intended to be
created by the Credit Documents, or (iv) any failure by Borrower to perform its
obligations under this Agreement or any other Credit Document.

          7.06.
Resignation or Removal of Administrative Agent. Subject to the
appointment and acceptance of a successor Administrative Agent as provided
below, Administrative Agent may resign at any time by giving thirty (30) days
prior written notice thereof to Borrower and Lenders, and Administrative Agent
may be removed at any time with or without cause by the Required Lenders. Upon
any such resignation or removal, the Required Lenders shall have the right to
appoint a successor Administrative Agent, which Administrative Agent, if not a
Lender, shall be reasonably acceptable to Borrower; provided, however,
that Borrower shall have no right to approve a successor Administrative Agent if
a Default has occurred and is continuing. Upon the acceptance of any appointment
as Administrative Agent hereunder by a successor Administrative Agent, such
successor Administrative Agent shall thereupon succeed to and become vested with
all the rights, powers, privileges and duties of the retiring Administrative
Agent, and the retiring Administrative Agent shall be discharged from the duties
and obligations thereafter arising hereunder. After any retiring Administrative
Agent’s resignation or removal hereunder as Administrative Agent, the
provisions of this Section VII shall continue in effect for its benefit
in respect of any actions taken or omitted to be taken by it while it was acting
as Administrative Agent.

          7.07.
Administrative Agent in its Individual Capacity. Administrative Agent and
its affiliates may make loans to, accept deposits from and generally engage in
any kind of banking or other business with Borrower and its Subsidiaries and
affiliates as though Administrative Agent were not Administrative Agent
hereunder. With respect to Loans, if any, made by Administrative Agent in its
capacity as a Lender, Administrative Agent in its capacity as a Lender shall
have the same rights and powers under this Agreement and the other Credit
Documents as any other Lender and may exercise the same as though it were not
Administrative Agent, and the terms “Lender” or “Lenders” shall include
Administrative Agent in its capacity as a Lender.

63

SECTION VIII.      MISCELLANEOUS.

     8.01.      Notices.
Except as otherwise provided herein, all notices, requests, demands, consents,
instructions or other communications to or upon Borrower, any Lender or
Administrative Agent under this Agreement or the other Credit Documents shall be
in writing and faxed, mailed, delivered or, where permitted, electronically
mailed, if to Borrower or Administrative Agent, at its respective facsimile
number or address set forth below or, if to any Lender, at the address or
facsimile number specified beneath the heading “Address for Notices” under
the name of such Lender in Part B of Schedule I (or to such other
facsimile number or address for any party as indicated in any notice given by
that party to the other parties or in any applicable Assignment Agreement). All
such notices and communications shall be effective (a) when sent by an overnight
courier service of recognized standing, upon delivery; (b) when mailed, first
class postage prepaid and addressed as aforesaid through the United States
Postal Service, upon receipt; (c) when delivered by hand, upon delivery; (d)
when faxed, upon confirmation of receipt and (e) when electronically mailed,
upon return confirmation of receipt; provided, however, that any
notice delivered to Administrative Agent under Section II shall not be
effective until received by Administrative Agent.

  		Administrative	
		Agent:	 	ABN AMRO Bank N.V.
		  	 	208 South LaSalle Street, Suite 1500
		  	 	Chicago, IL 60604-1003
		  	 	Attn: Agency Services, Joycelyn Gay
		  	 	Tel. No: (312) 992-5094
		  	 	Fax. No: (312) 992-5157
		  	 	Email: joycelyn.gay@abnamro.com
		  	  	  
		  	  	With a copy to:
		  	  	  
		  	  	ABN AMRO Bank N.V.
		  	  	101 California Street, Suite 4550
		  	 	San Francisco, CA 94111-5812
		  	 	Attn: Jamie Dillon
		  	 	Tel: (415) 984-3750
		  	 	Fax: (415) 362-3524
		  	 	Email: jamie.dillon@abnamro.com
		  	 	  
		Borrower:	 	Adobe Systems Incorporated
		  	 	345 Park Avenue
		  	 	San Jose, CA 95110-2704
		  	 	Attn: Barbara Hill, Treasurer
		  	 	Tel. No: (408) 536-3272
		  	 	Fax No. (408) 537-4035
		  	 	Email: bhill@adobe.com
		  	 	  

64

Each Notice of Borrowing, Extension Request, Notice of Term Loan Conversion
and Notice of Interest Period Selection shall be given by Borrower to
Administrative Agent’s office located at the address referred to above during
Administrative Agent’s normal business hours; provided, however,
that any such notice received by Administrative Agent after 11:00 a.m. (San
Francisco time) on any Business Day shall be deemed received by Administrative
Agent on the next Business Day. In any case where this Agreement authorizes
notices, requests, demands or other communications by Borrower to Administrative
Agent or any Lender to be made by telephone or facsimile, Administrative Agent
or any Lender may conclusively presume that anyone purporting to be a person
designated in any incumbency certificate or other similar document received by
Administrative Agent or a Lender is such a person.

     8.02.      Expenses.
Borrower shall pay on demand, whether or not any Loan is made hereunder, (a) all
reasonable fees and expenses, including reasonable attorneys’ fees and
expenses, incurred by Administrative Agent in connection with the syndication of
the facilities provided hereunder, the preparation, negotiation, execution and
delivery of, and the exercise of its duties under, this Agreement and the other
Credit Documents, and the preparation, negotiation, execution and delivery of
amendments and waivers hereunder and thereunder and (b) all reasonable fees and
expenses, including reasonable attorneys’ fees and expenses, incurred by
Administrative Agent and Lenders in the enforcement or attempted enforcement of
any of the Obligations or in preserving any of Administrative Agent’s or
Lenders’ rights and remedies (including, without limitation, all such fees and
expenses incurred in connection with any “workout” or restructuring
affecting the Credit Documents or the Obligations or any bankruptcy or similar
proceeding involving Borrower or any of its Subsidiaries). As used herein, the
term “reasonable attorneys’ fees and expenses” shall include, without
limitation, allocable costs and expenses of Administrative Agent’s and Lenders’
in-house legal counsel and staff. The obligations of Borrower under this Paragraph
8.02 shall survive the payment and performance of the Obligations and the
termination of this Agreement.

     8.03.      Indemnification.
To the fullest extent permitted by law, Borrower agrees to protect, indemnify,
defend and hold harmless Administrative Agent, Lenders and their Affiliates and
their respective directors, officers, employees, agents and advisors (“Indemnitees”)
from and against any and all liabilities, losses, damages or expenses of any
kind or nature and from any suits, claims or demands (including in respect of or
for reasonable attorney’s fees and other expenses) arising on account of or in
connection with any matter or thing or action or failure to act by Indemnitees,
or any of them, arising out of or relating to the Credit Documents or any
transaction contemplated thereby, including without limitation any use by
Borrower of any proceeds of the Loans, except to the extent such liability
arises from the willful misconduct or gross negligence of such Indemnitee. Upon
receiving knowledge of any suit, claim or demand asserted by a third party that
Administrative Agent or any Lender believes is covered by this indemnity,
Administrative Agent or such Lender shall give Borrower notice of the matter and
an opportunity to defend it, at Borrower’s sole cost and expense, with legal
counsel reasonably satisfactory to Administrative Agent or such Lender, as the
case may be. Administrative Agent or such Lender may also require Borrower to
defend the matter. Any failure or delay of Administrative Agent or any Lender to
notify Borrower of any such suit, claim or demand shall not relieve Borrower of
its obligations under this Paragraph 8.03 but shall reduce such
obligations to the extent of any increase in those obligations caused solely by
any such failure or

65

delay which is unreasonable. The obligations of Borrower under this Paragraph
8.03 shall survive the payment and performance of the Obligations and the
termination of this Agreement.

     8.04.      Waivers;
Amendments. Any term, covenant, agreement or condition of this Agreement or
any other Credit Document may be amended or waived, and any consent under this
Agreement or any other Credit Document may be given, if such amendment, waiver
or consent is in writing and is signed by Borrower and the Required Lenders (or
Administrative Agent on behalf of the Required Lenders with the written approval
of the Required Lenders); provided, however that:

	 	             
      (a)      Any amendment, waiver or consent
      which would (i) increase the Total Commitment other than as provided in Subparagraph
      2.06(a), (ii) postpone, delay or extend the Revolving Loan Maturity
      Date (except for extensions as provided in Paragraph 2.02) or the
      Term Loan Maturity Date, (iii) reduce the principal of or interest on the
      Loans, the Commitment Fees or any other fees or amounts payable for the
      account of all Lenders hereunder or postpone, delay or extend the
      scheduled date for payment of any such principal, interest, fees or
      amounts, (iv) amend this Paragraph 8.04, (v) amend the definition
      of Required Lenders, or (vi) waive any Default based on Borrower’s
      failure to pay any sum due to all Lenders hereunder, must be in writing
      and signed or approved in writing by all Lenders; 
	 	 
	 	             
      (b)      Any amendment, waiver or consent
      which would increase or decrease the Commitment of any Lender (except for
      a pro rata decrease in the Commitments of all Lenders) must be in
      writing and signed by such Lender; and 
	 	 
	 	             
      (c)      Any amendment, waiver or consent
      which affects the rights or obligations of Administrative Agent must be in
      writing and signed by Administrative Agent. 

No failure or delay by Administrative Agent or any Lender in exercising any
right under this Agreement or any other Credit Document shall operate as a
waiver thereof or of any other right hereunder or thereunder nor shall any
single or partial exercise of any such right preclude any other further exercise
thereof or of any other right hereunder or thereunder. Unless otherwise
specified in such waiver or consent, a waiver or consent given hereunder shall
be effective only in the specific instance and for the specific purpose for
which given.

	 	8.05.      Successors
      and Assigns.
	 	 
	 	             
      (a)      Binding Effect. This
      Agreement and the other Credit Documents shall be binding upon and inure
      to the benefit of Borrower, Lenders, Administrative Agent, all future
      holders of the Notes and their respective successors and permitted
      assigns, except that Borrower may not assign or transfer any of its rights
      or obligations under any Credit Document without the prior written consent
      of Administrative Agent and each Lender.
	 	 
	 	             
      (b)      Participations. Any Lender
      may at any time sell to one or more banks or other financial institutions
      (“Participants”) participating interests in any Loan owing to
      such Lender, any Note held by such Lender, any Commitment of such Lender
      or any other

66

	 	interest of such Lender under this Agreement and the other
      Credit Documents. In the event of any such sale by a Lender of
      participating interests, such Lender’s obligations under this Agreement
      shall remain unchanged, such Lender shall remain solely responsible for
      the performance thereof, such Lender shall remain the holder of its Notes
      for all purposes under this Agreement and Borrower and Administrative
      Agent shall continue to deal solely and directly with such Lender in
      connection with such Lender’s rights and obligations under this
      Agreement. Any agreement pursuant to which any such sale is effected may
      require the selling Lender to obtain the consent of the Participant in
      order for such Lender to agree in writing to any amendment, waiver or
      consent of a type specified in Subparagraph 8.04(a), Subparagraph
      8.04(b), Subparagraph 8.04(c) or Subparagraph 8.04(d) to
      the extent applicable but may not otherwise require the selling Lender to
      obtain the consent of such Participant to any other amendment, waiver or
      consent hereunder. Borrower also agrees that any Lender which has
      transferred any participating interest in its Commitments or Loans shall,
      notwithstanding any suchtransfer, be entitled to the full benefits
      accorded such Lender under Paragraph 2.13, Paragraph 2.14,
      and Paragraph 2.15, as if such Lender had not made such transfer.
	 	 
	 	             
      (c)      Assignments. Any Lender
      may, at any time, sell and assign to any Lender or any Eligible Assignee
      (individually, an “Assignee Lender”) all or a portion of its
      rights and obligations under this Agreement and the other Credit Documents
      (such a sale and assignment to be referred to herein as an “Assignment”)
      pursuant to an assignment agreement substantially in the form of Exhibit
      J (an “Assignment Agreement”), executed by each Assignee
      Lender and such assignor Lender (an “Assignor Lender”) and
      delivered to Administrative Agent for its acceptance and recording in the
      Register; provided, however, that: 

	 	 
	 	(i)      Without the
      written consent of Administrative Agent and, if no Default has occurred
      and is continuing, Borrower (which consent of Administrative Agent and
      Borrower shall not be unreasonably withheld), no Lender may make any
      Assignment to any Assignee Lender which is not, immediately prior to such
      Assignment, a Lender hereunder or an Affiliate thereof; or
	 	 
	 	(ii)      Without the
      written consent of Administrative Agent and, if no Default has occurred
      and is continuing, Borrower (which consent of Administrative Agent and
      Borrower shall not be unreasonably withheld), no Lender may make any
      Assignment of its Commitment and Loans to any Assignee Lender if, after
      giving effect to such Assignment, the Commitment (or, after the
      termination of the Commitments, the Loans) of such Lender or such Assignee
      Lender would be less than Five Million Dollars ($5,000,000), except that a
      Lender may make an Assignment which reduces its Commitment (or, after the
      termination of the Commitments, its Loans) to zero without the written
      consent of Borrower and Administrative Agent; or
	 	 
	 	(iii)      Without the
      written consent of Administrative Agent and, if no Default has occurred
      and is continuing, Borrower (which consent of

67

	 	Administrative Agent and Borrower shall not be unreasonably
      withheld), no Lender may make any Assignment of its Commitment and Loans
      which does not assign and delegate an equal pro rata interest in
      such Lender’s Commitment, Loans and all other rights, duties and
      obligations of such Lender under this Agreement and the other Credit
      Documents.

	 	 
	 	 Upon such execution, delivery, acceptance and
      recording of each Assignment Agreement, from and after the Assignment
      Effective Date determined pursuant to such Assignment Agreement, (A) each
      Assignee Lender thereunder shall be a Lender hereunder with Commitments
      and Loans as set forth on Attachment 1 to such Assignment Agreement (under
      the caption “Commitment or Loans After Assignment”) and shall have the
      rights, duties and obligations of such a Lender under this Agreement and
      the other Credit Documents, and (B) the Assignor Lender thereunder shall
      be a Lender with Commitment and Loans as set forth on Attachment 1 to
      such Assignment Agreement (under the caption “Commitments or Loans
      After Assignment”), or, if the Commitment and Loans of the Assignor
      Lender has been reduced to 0% and $0, the Assignor Lender shall cease to
      be a Lender and to have any obligation to make any Loan; provided, however,
      that any such Assignor Lender which ceases to be a Lender shall continue
      to be entitled to the benefits of any provision of this Agreement which by
      its terms survives the termination of this Agreement. Each Assignment
      Agreement shall be deemed to amend Schedule I to the extent, and
      only to the extent, necessary to reflect the addition of each Assignee
      Lender, the deletion of each Assignor Lender which reduces its Commitment
      and Loans to 0% and $0 and the resulting adjustment of Proportionate
      Shares arising from the purchase by each Assignee Lender of all or a
      portion of the rights and obligations of an Assignor Lender under this
      Agreement and the other Credit Documents. On or prior to the Assignment
      Effective Date determined pursuant to each Assignment Agreement, Borrower,
      at its own expense, shall execute and deliver to Administrative Agent, in
      exchange for the surrendered Notes, if any, of the Assignor Lender
      thereunder, a new Note to the order of each Assignee Lender thereunder
      that requests such Note (with each new Revolving Loan Note to be in
      amounts equal to the applicable Commitments assumed by such Assignee
      Lender and each new Term Loan Note to be in the original principal amount
      of the Term Loan then held by such Assignee Lender) and, if the Assignor
      Lender is continuing as a Lender hereunder, new Revolving Loan Notes and a
      Term Loan Note to the order of the Assignor Lender if so requested by such
      Assignor Lender (with the new Revolving Loan Notes to be in amounts equal
      to the applicable Commitments retained by it and the new Term Loan Note to
      be in the original principal amount of the Term Loan retained by it). Each
      such new Revolving Loan Note shall be dated the date of this Agreement,
      each such new Term Loan Note shall be dated the Revolving Loan Maturity
      Date, and each such new Note shall otherwise be in the form of the Note
      replaced thereby. The Notes surrendered by the Assignor Lender shall be
      returned by Administrative Agent to Borrower marked “replaced”. Each
      Assignee Lender which was not previously a Lender hereunder and which is
      not incorporated under the laws of the United States of America or a state
      thereof shall, within three (3) Business Days of becoming a Lender,
      deliver to Borrower and Administrative Agent two duly completed copies of
      United States Internal Revenue Service Form W-8BEN or W-8ECI  

68

	 	(or successor applicable form), as the case may be,
      certifying in each case that such Lender is entitled to receive payments
      under this Agreement without deduction or withholding of any United States
      federal income taxes.
	 	 
		             
      (d)      Grant of Option by Lender to
      SPC. Notwithstanding anything to the contrary herein, any Lender (a
      “Granting Lender”) may grant to a special purpose funding
      entity (such entity being an “SPC”) the option to provide to
      Borrower all or part of any Loan that such Granting Lender would otherwise
      be obligated to make to Borrower pursuant to Paragraph 2.01 or 2.02,
      provided that (i) nothing herein shall constitute a Commitment to
      make any Loan by any SPC and (ii) if an SPC elects not to exercise such
      option or otherwise fails to provide all or any part of such Loan, such
      Granting Lender shall be obligated to make such Loan pursuant to the terms
      hereof. The making of a Loan by an SPC hereunder shall utilize the
      Commitment of the respective Granting Lender to the same extent, and as
      if, such Loan were made by such Granting Lender, but shall not release
      such Granting Lender from any other liability under the Credit Documents.
      Each party hereto agrees that no SPC shall be liable for any indemnity or
      similar payment obligation under this Agreement (all liability for which
      shall remain with the respective Granting Lender). In furtherance of the
      foregoing, each party hereto hereby agrees, which agreement shall survive
      the termination of this Agreement, that, prior to the date that is one
      year and one day after the payment in full of all outstanding senior
      Indebtedness of any SPC, it will not institute against, or join any other
      Person in instituting against, such SPC any bankruptcy, reorganization,
      arrangement, insolvency or liquidation proceedings or similar proceedings
      under the laws of the United States of America or any state thereof. In
      addition, notwithstanding anything to the contrary contained in this Paragraph
      8.05, any SPC may (x) with notice, but without prior written consent
      of Administrative Agent or Borrower and without paying any registration
      and processing fee, assign all or part of its interests in any Loans to
      its respective Granting Lender and (y) subject to Paragraph 8.10,
      disclose any non-public information relating to its Loans to any rating
      agency, commercial paper dealer or provider of a surety, guarantee or
      credit or liquidity enhancement to such SPC. In no event shall Borrower be
      obligated to pay to an SPC that has made a Loan any greater amount than
      Borrower would have been obligated to pay under this Agreement if the
      respective Granting Lender had made such Loan. Borrower, Agents and each
      other Lender shall continue to deal solely and directly with, and send
      notices solely to, the respective Granting Lender with respect to any Loan
      made by its SPC and such Granting Lender shall not transfer or grant to
      its SPC the right to approve any amendment, waiver or consent hereunder.
      This Subparagraph 8.05(d) may not be amended without the written
      consent of each Granting Lender.
	 	 
	 	             
      (e)      Register. Administrative
      Agent shall maintain at its address referred to in Paragraph 8.01 a
      copy of each Assignment Agreement delivered to it and a register (the “Register”)
      for the recordation of the names and addresses of Lenders and the
      Commitments or Loans of each Lender from time to time. The entries in the
      Register shall be conclusive in the absence of manifest error, and
      Borrower, Administrative Agent and Lenders may treat each Person whose
      name is recorded in the Register as the owner of the Loans recorded
      therein for all purposes of this Agreement. The Register shall be

69

	 	available for inspection by Borrower or any Lender at any
      reasonable time and from time to time upon reasonable prior notice.
	 	 
	 	             
      (f)      Registration. Upon its
      receipt of an Assignment Agreement executed by an Assignor Lender and an
      Assignee Lender (and, to the extent required by Subparagraph 8.05(c),
      by Borrower and Administrative Agent) together with payment to
      Administrative Agent by Assignor Lender or Assignee Lender of a
      registration and processing fee of $3,000, Administrative Agent shall (i)
      promptly accept such Assignment Agreement and (ii) on the Assignment
      Effective Date determined pursuant thereto record the information
      contained therein in the Register and give notice of such acceptance and
      recordation to Lenders and Borrower. Administrative Agent may, from time
      to time at its election, prepare and deliver to Lenders and Borrower a
      revised Schedule I reflecting the names, addresses and respective
      the Commitments or Loans of all Lenders then parties hereto.
	 	 
	  	             
      (g)      Confidentiality. Subject
      to Paragraph 8.10, Administrative Agent and Lenders may disclose
      the Credit Documents and any financial or other information relating to
      Borrower or any Subsidiary to each other or to any potential Participant
      or Assignee Lender.
	 	  
	  	             
      (h)      Pledges to Federal Reserve
      Banks. Notwithstanding any other provision of this Agreement, any
      Lender may at any time assign all or a portion of its rights under this
      Agreement and the other Credit Documents to a Federal Reserve Bank. No
      such assignment shall relieve the assigning Lender from its obligations
      under this Agreement and the other Credit Documents.

     8.06.      Setoff.
In addition to any rights and remedies of Lenders provided by law, each Lender
shall have the right, with the prior consent of Administrative Agent but without
prior notice to or consent of Borrower, any such notice and consent being
expressly waived by Borrower to the extent permitted by applicable law, upon the
occurrence and during the continuance of an Event of Default, to set-off and
apply against the Obligations any amount owing from such Lender to Borrower. The
aforesaid right of set-off may be exercised by such Lender against Borrower or
against any trustee in bankruptcy, debtor in possession, assignee for the
benefit of creditors, receiver or execution, judgment or attachment creditor of
Borrower or against anyone else claiming through or against Borrower or such
trustee in bankruptcy, debtor in possession, assignee for the benefit of
creditors, receiver, or execution, judgment or attachment creditor,
notwithstanding the fact that such right of set-off may not have been exercised
by such Lender at any prior time. Each Lender agrees promptly to notify Borrower
after any such set-off and application made by such Lender, provided that
the failure to give such notice shall not affect the validity of such set-off
and application.

     8.07.      No
Third Party Rights. Nothing expressed in or to be implied from this
Agreement is intended to give, or shall be construed to give, any Person, other
than the parties hereto and their permitted successors and assigns hereunder,
any benefit or legal or equitable right, remedy or claim under or by virtue of
this Agreement or under or by virtue of any provision herein.

70

     8.08.      Partial
Invalidity. If at any time any provision of this Agreement is or becomes
illegal, invalid or unenforceable in any respect under the law or any
jurisdiction, neither the legality, validity or enforceability of the remaining
provisions of this Agreement nor the legality, validity or enforceability of
such provision under the law of any other jurisdiction shall in any way be
affected or impaired thereby.

     8.09.      Jury
Trial. EACH OF BORROWER, LENDERS AND ADMINISTRATIVE AGENT, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL
BY JURY AS TO ANY ISSUE RELATING HERETO IN ANY ACTION, PROCEEDING, OR
COUNTERCLAIM ARISING OUT OF OR RELATING TO ANY CREDIT DOCUMENT.

	 	8.10.      Confidentiality.
	 	 
	 	             
      (a)      Neither any Lender nor
      Administrative Agent shall make use of, disseminate, or in any way
      disclose confidential information with respect to Borrower or any of its
      Subsidiaries which is furnished pursuant to this Agreement or under the
      other Credit Documents except as authorized by this Agreement. As used in
      this Paragraph 8.10, “confidential information” shall mean any
      and all technical and non-technical information including patent, trade
      secret, and proprietary information, techniques, sketches, drawings,
      models, inventions, know-how, processes, apparatus, equipment, algorithms,
      software programs, software source documents, and formulae related to the
      current, future and proposed products and services of Borrower and its
      Subsidiaries, and includes, without limitation, their respective
      information concerning research, experimental work, development, design
      details and specifications, engineering, financial information,
      procurement requirements, purchasing, manufacturing, customer lists,
      business forecasts, sales and merchandising, and marketing plans and
      information. Neither Borrower nor any of its Subsidiaries licenses any
      intellectual property to any Lender or Administrative Agent under this
      Agreement.
	 	 
	 	             
      (b)      Each Lender and Administrative
      Agent is authorized to disclose confidential information with respect to
      Borrower or any of their Subsidiaries: (i) to its own directors, officers,
      employees, auditors, counsel and other advisors and to its Affiliates who
      need to know such information; (ii) to any other Lender or Administrative
      Agent; (iii) which is in the public domain at or subsequent to the time it
      was received by such Lender or Administrative Agent through no fault of
      such recipient, was rightfully in the possession of such Lender or
      Administrative Agent free of any obligation of confidence at or subsequent
      to the time it was communicated to such recipient by Borrower or any of
      its Subsidiaries, or was developed by employees or agents of such Lender
      or Administrative Agent independently of and without reference to any
      information communicated to such recipient by Borrower or any of its
      Subsidiaries; (iv) if required or appropriate in any report, statement or
      testimony submitted to any Governmental Authority having or claiming to
      have jurisdiction over such Lender or Administrative Agent; (v) if
      required in response to any valid order by a court or Governmental
      Authority; (vi) as necessary to establish the rights of any party under
      this Agreement or the other Credit Documents; (vii) to comply with any
      Requirement of Law

71

		applicable to such Lender or Administrative Agent; (viii)
      to any New Lender, Assignee Lender or Participant or any prospective New
      Lender, Assignee Lender or Participant, provided that such New Lender,
      Assignee Lender or Participant or prospective New Lender, Assignee Lender
      or Participant agrees to be bound by this Paragraph 8.10; or (ix)
      otherwise with the prior consent of Borrower; provided, however,
      that (A) any Lender or Administrative Agent served with any court order
      demanding the disclosure of any such confidential information shall use
      reasonable efforts to notify Borrower promptly of such court order if not
      prohibited by any Requirement of Law and, if requested by Borrower and not
      disadvantageous to such Lender or Administrative Agent, to cooperate with
      Borrower in obtaining a protective order restricting such disclosure, and
      (B) any disclosure made in violation of this Agreement shall not affect
      the obligations of Borrower and their Subsidiaries under this Agreement
      and the other Credit Documents. Each Lender and Administrative Agent (x)
      shall treat all confidential information with respect to Borrower and its
      Subsidiaries which is furnished pursuant to this Agreement or under the
      other Credit Documents with the same degree of care as it accords its own
      confidential information and (y) represents to Borrower that it exercises
      reasonable care with respect to its own confidential information and has
      policies in place regarding the handling of confidential information by
      its employees.

     8.11.      Counterparts.
This Agreement may be executed in any number of identical counterparts, any set
of which signed by all the parties hereto shall be deemed to constitute a
complete, executed original for all purposes.

[The first signature page follows.]

72

     IN WITNESS WHEREOF, Borrower, Lenders and
Administrative Agent have caused this Agreement to be executed as of the day and
year first above written.

	BORROWER:	ADOBE SYSTEMS INCORPORATED	 
	 	 	 	 
	 	By:	 /s/ MURRAY
      J. DEMO	 
	 	 	
      

    	 
	 	 	Name:      Murray J.
      Demo	 
	 	 	 	
      

    	 
	 	 	Title:       
      Sr. Vice President, CFO	 
	 	 	 	
      

    	 
	 	 	 	 
	 	By:	 /s/ JOHN
      E. WARNOCK	 
	 	 	
      

    	 
	 	 	Name:      John E.
      Warnock	 
	 	 	 	
      

    	 
	 	 	Title:       
      Chairman, CEO	 
	 	 	 	
      

    	 
	 	 	 	 
	ADMINISTRATIVE	 	 
	AGENT:	ABN AMRO BANK N.V.	 
	 	 	 	 
	 	By:	 /s/ JAMIE
      DILLON	 
	 	 	
      

    	 
	 	 	Name:      Jamie Dillon	 
	 	 	 	
      

    	 
	 	 	Title:       
      Senior Vice President	 
	 	 	 	
      

    	 
	 	 	 	 
	 	By:	 /s/ NIA
      MILLER	 
	 	 	
      

    	 
	 	 	Name:      Nia Miller	 
	 	 	 	
      

    	 
	 	 	Title:       
      Vice President	 
	 	 	 	
      

    	 
	 	 	 	 
	LENDERS:	ABN AMRO BANK N.V.	 
	 	 	 	 
	 	By:	 /s/ JAMIE
      DILLON	 
	 	 	
      

    	 
	 	 	Name:      Jamie Dillon	 
	 	 	 	
      

    	 
	 	 	Title:       
      Senior Vice President	 
	 	 	 	
      

    	 
	 	 	 	 
	 	By:	 /s/ NIA
      MILLER	 
	 	 	
      

    	 
	 	 	Name:     Nia Miller	 
	 	 	 	
      

    	 
	 	 	Title:       
      Vice President	 
	 	 	 	
      

    	 
	 	 	 	 

S-1

	 	BANK OF AMERICA, N.A.	 
	 	 	 	 
	 	By:	 /s/ JOUNI
      KORHONEN	 
	 	 	
      

    	 
	 	 	Name:     Jouni Korhonen	 
	 	 	 	
      

    	 
	 	 	Title:       
      Managing Director	 
	 	 	 	
      

    	 
	 	 	 	 
	 	BANK HAPOALIM B.M.	 
	 	 	 	 
	 	By:	 /s/ CONRAD
      WAGNER                      
      /s/ LEWROY HACKETT	 
	 	 	
      

    	 
	 	 	Name:     Conrad
      Wagner                       
      Lewroy Hackett	 
	 	 	 	
      

    	 
	 	 	Title:       
      First Vice
      President                
      Vice President	 
	 	 	 	
      

    	 
	 	 	 	 
	 	BANK OF MONTREAL	 
	 	 	 	 
	 	By:	 /s/ KANU
      MODI	 
	 	 	
      

    	 
	 	 	Name:     Kanu Modi	 
	 	 	 	
      

    	 
	 	 	Title:       
      Director	 
	 	 	 	
      

    	 
	 	 	 	 
	 	BNP PARIBAS	 
	 	 	 	 
	 	By:	 /s/ C. BETTLES                        
       
      /s/ TJALLING TERPSTRA	 
	 	 	
      

    	 
	 	 	Name:     C. Bettles                            
    
      Tjalling Terpstra	 
	 	 	 	
      

    	 
	 	 	Title:       
      Sr. Vice
      President                 
      Vice President	 
	 	 	 	
      

    	 
	 	 	 	 
	 	FIRST UNION NATIONAL BANK	 
	 	 	 	 
	 	By:	 /s/ JORGE A.
      GONZALEZ	 
	 	 	
      

    	 
	 	 	Name:     Jorge A. Gonzalez	 
	 	 	 	
      

    	 
	 	 	Title:       
      Senior Vice President	 
	 	 	 	
      

    	 
		 	
	 	FLEET NATIONAL BANK	 
	 	 	 	 
	 	By:	 /s/ WILLIAM
      S. ROWE	 
	 	 	
      

    	 
	 	 	Name:    
      William S. Rowe	 
	 	 	 	
      

    	 
	 	 	Title:       
      Assistant Vice President	 
	 	 	 	
      

    	 
	 	 	  	 

S-2

	 	 	 	 
	 	THE INDUSTRIAL BANK OF JAPAN, LIMITED	 
	 	 	 	 
	 	By:	 /s/ YOSHIHIKO
      SUGITA	 
	 	 	
      

    	 
	 	 	Name:    
      Yoshihiko Sugita	 
	 	 	 	
      

    	 
	 	 	Title:      
      Senior Vice President &	 
				
      Deputy General Manager
    	
	 	 	 	
      

    	 
	 	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION	 
	 	 	 	 
	 	By:	 /s/ MARY
      K. YOUNG	 
	 	 	
      

    	 
	 	 	Name:     Mary
      K. Young	 
	 	 	 	
      

    	 
	 	 	Title:       
      Vice President	 
	 	 	 	
      

    	 
	 	 	 	 
	 	MELLON BANK, N.A.	 
	 	 	 	 
	 	By:	 /s/ LAWRENCE
      C. IVEY	 
	 	 	
      

    	 
	 	 	Name:    
      Lawrence C. Ivey	 
	 	 	 	
      

    	 
	 	 	Title:       
      Vice President	 
	 	 	 	
      

    	 
	 	 	 	 
	 	THE NORTHERN TRUST COMPANY	 
	 	 	 	 
	 	By:	 /s/ ASHISH
      S. BHAGWAT	 
	 	 	
      

    	 
	 	 	Name:     Ashish
      S. Bhagwat	 
	 	 	 	
      

    	 
	 	 	Title:       
      2nd Vice President	 
	 	 	 	
      

    	 
		 	
	 	THE ROYAL BANK OF SCOTLAND PLC	 
	 	 	 	 
	 	By:	 /s/ KAREN
      L. STEFANCIO	 
	 	 	
      

    	 
	 	 	Name:     Karen
      L. Stefancio	 
	 	 	 	
      

    	 
	 	 	Title:       
      Vice President	 
	 	 	 	
      

    	 
	 	 	  	 
	 	THE SUMITOMO BANK, LIMITED	 
	 	 	 	 
	 	By:	 /s/ AZAR
      SHAKERI	 
	 	 	
      

    	 
	 	 	Name:     Azar
      Shakeri	 
	 	 	 	
      

    	 
	 	 	Title:       
      Vice President and Manager	 
	 	 	 	
      

    	 

S-3

	 	 	 	 
	 	UBS AG	 
	 	 Stamford Branch 	 
	 	 	 	 
	 	By:	 /s/ ROBERT
      H. RILEY III	 
	 	 	
      

    	 
	 	 	Name:     Robert
      H. Riley III	 
	 	 	 	
      

    	 
	 	 	Title:       
      Executive Director	 
	 	 	 	
      

    	 
	 	 	 	 
	 	By:	 /s/ WILFRED
      SAINT	 
	 	 	
      

    	 
	 	 	Name:    
      Wilfred Saint	 
	 	 	 	
      

    	 
			Title:	
      
      Associate Director
    	
				
      Loan Portfolio Support, US
    	
	 	 	 	
      

    	 
	 	 	 	 

S-4

SCHEDULE I

LENDERS

PART A – COMMITMENTS

  	
        Lender

      	Commitment	 
	
        

      	
        

      	
	ABN AMRO Bank N.V.	$	9,288,321.21	 
	Bank of Montreal	 	8,467,153.28	 
	First Union National Bank	 	8,467,153.28	 
	KeyBank National Association	 	8,467,153.28	 
	Fleet National Bank	 	8,467,153.28	 
	The Sumitomo Bank, Limited	 	7,500,000.00	 
	The Northern Trust Company	 	7,299,270.07	 
	Bank of America, N.A.	 	5,255,474.45	 
	BNP Paribas	 	5,255,474.45	 
	The Industrial Bank of Japan,	 	5,255,474.45	 
	Limited	 	 	 
	Mellon Bank, N.A.	 	5,255,474.45	 
	The Royal Bank of Scotland	 	5,255,474.45	 
	plc	 	 	 
	UBS AG	 	4,379,562.04	 
	Stamford Branch	 	 	 
	Bank Hapoalim B.M.	 	2,919,708.03	 
	      Total	$	91,532,846.72	 

I-1

PART B - ADDRESSES, ETC.

	ABN AMRO BANK N.V.
	 
	Domestic Lending Office and Euro-Dollar Lending Office:
	 
	           
      ABN AMRO Bank N.V.
	           
      208 South LaSalle Street, Suite 1500
	           
      Chicago, IL 60604-1003
	 
	Address for Notices of Borrowing, Notices of Interest
      Period Selection and Notices of Term
	Loan Conversion:
	 
	           
      ABN AMRO Bank N.V.
	           
      208 South LaSalle Street, Suite 1500
	           
      Chicago, IL 60604-1003
	           
      Attn: Loan Administration
	           
      Tel. No.: (312) 992-5153
	           
      Fax No.: (312) 992-5158
	 
	Address for all other notices:
	 
	           
      ABN AMRO Bank N.V.
	           
      208 South LaSalle Street, Suite 1500
	           
      Chicago, IL 60604-1003
	           
      Attn: Credit Administration
	           
      Tel. No.: (312) 992-5110
	           
      Fax No.: (312) 992-5111
	 
	With a copy of all notices to:
	 
	           
      ABN AMRO Bank N.V.
	           
      101 California Street, Suite 4550
	           
      San Francisco, CA 94111
	           
      Attn: Jamie Dillon
	           
      Tel. No: (415) 984-3750
	           
      Fax No: (415) 362-3524
	           
      Email: jamie.dillon@abnamro.com
	 
	I-2
	 

	Wiring Instructions:
	 
	           
      ABN AMRO Bank N.V.
	           
      New York, New York
	           
      ABA No.: 026009580
	           
      F/O ABN AMRO Bank N.V.
	           
      Chicago Branch CPU
	           
      Account No.: 650-001-1789-41
	           
      Reference: CPU 00457353 Adobe Systems
	 
	I-3
	 

	BANK OF AMERICA, N.A.
	 
	Domestic Lending Office and Euro-Dollar Lending Office:
	 
	           
      Bank of America, N.A.
	           
      901 Main Street
	           
      Dallas, TX 75202
	 
	Address for Notices of Borrowing, Notices of Interest
      Period Selection and Notices of Term
	Loan Conversion:
	 
	           
      Bank of America, N.A.
	           
      901 Main Street
	           
      Dallas, TX 75202
	           
      Attn: Brandi Baker
	           
      Tel. No.: (214) 209-0592
	           
      Fax No.: (214) 290-9417
	           
      Email: [___________________]
	 
	Address for all other notices:
	 
	           
      Bank of America, N.A.
	           
      555 California Street
	           
      San Francisco, CA 94104
	           
      Attn: Jouni Korhonen
	           
      Tel. No.: (415) 622-7293
	           
      Fax No.: (415) 622-0632
	           
      Email: jouni.j.korhonen@bankofamerica.com
	 
	Wiring Instructions:
	 
	           
      Bank of America, N.A.
	           
      Dallas, TX
	           
      ABA No.: 111000012
	           
      For further credit to: Credit Services
	           
      Account No.: 1292000883
	           
      Reference: Adobe Systems Inc.
	 
	I-4
	 

	BANK HAPOALIM B.M.
	 
	Domestic Lending Office and Euro-Dollar Lending Office:
	           
      Bank Hapoalim B.M.
	           
      San Francisco Branch
	           
      250 Montgomery Street, Suite 700
	           
      San Francisco, CA 94104
	 
	Address for Notices of Borrowing, Notices of Interest
      Period Selection and Notices of Term
	Loan Conversion:
	 
	           
      Bank Hapoalim B.M.
	           
      San Francisco Branch
	           
      250 Montgomery Street, Suite 700
	           
      San Francisco, CA 94104
	           
      Attn: Fe Ona
	           
      Tel. No.: (415) 989-9940 Ext. 130
	           
      Fax No.: (415) 989-9948 or (415) 989-9036
	           
      Email: [____________________]
	 
	Address for all other notices:
	 
	           
      Bank Hapoalim B.M.
	           
      San Francisco Branch
	           
      250 Montgomery Street, Suite 700
	           
      San Francisco, CA 94104
	           
      Attn: Chris Hillard
	           
      Tel. No.: (415) 989-9940 Ext. 124
	           
      Fax No.: (415) 989-9948
	           
      Email: cjhill@aol.com
	 
	Wiring Instructions:
	 
	           
      Bank Hapoalim B.M.
	           
      New York Branch
	           
      ABA No.: 0260-0886-6
	           
      For further credit to: BHSF
	           
      Reference: Adobe Systems
	 
	I-5
	 

	BANK OF MONTREAL
	 
	Domestic Lending Office and Euro-Dollar Lending Office:
	 
	           
      Bank of Montreal
	           
      115 South LaSalle Street, 12th Floor
	           
      Chicago, IL 60603
	 
	Address for Notices of Borrowing, Notices of Interest
      Period Selection and Notices of Term
	Loan Conversion:
	 
	           
      Bank of Montreal
	           
      115 South LaSalle Street, 12th Floor
	           
      Chicago, IL 60603
	           
      Attn: Phyllis Lee
	           
      Tel. No.: (312) 750-5947
	           
      Fax No.: (312) 750-6061 or (312) 750-4345
	           
      Email: phyllis.lee@bmo.com
	 
	Address for all other notices:
	 
	           
      Bank of Montreal
	           
      115 South LaSalle Street, 12th Floor
	           
      Chicago, IL 60603
	           
      Attn: Craig Ingram
	           
      Tel. No.: (312) 750-3750
	           
      Fax No.: (312) 845-2199
	           
      Email: craig.ingram@bmo.com
	 
	Wiring Instructions:
	 
	           
      Harris Trust and Savings Bank
	           
      111West Monroe Street
	           
      Chicago, IL 60603
	           
      ABA No.: 071000288
	           
      Account Name: Bank of Montreal
	           
      Account No.: 124-856-6
	           
      Reference: Adobe Systems Incorporated
	 
	I-6
	 

	BNP PARIBAS
	 
	Domestic Lending Office and Euro-Dollar Lending Office:
	 
	           
      BNP Paribas
	           
      725 South Figueroa Street, Suite 2090
	           
      Los Angeles, CA 90017
	 
	Address for Notices of Borrowing, Notices of Interest
      Period Selection and Notices of Term
	Loan Conversion:
	 
	           
      BNP Paribas
	           
      Treasury Department
	           
      180 Montgomery Street
	           
      San Francisco, CA 94104
	           
      Attn: Donald A. Hart
	           
      Tel. No.: (415) 956-2511
	           
      Fax No.: (415) 989-9041
	           
      Email: [____________________]
	 
	           
      with a copy to:
	 
	           
      BNP Paribas
	           
      725 S. Figueroa Street
	           
      Los Angeles, CA 90017
	           
      Attn: Tjalling Terpstra
	           
      Tel. No.: (213) 688-6425
	           
      Fax No.: (213) 488-9602
	           
      Email: tjalling.terpstra@americas.bnpparibas.com
	 
	           
      BNP Paribas
	           
      Loan Operations
	           
      180 Montgomery Street
	           
      San Francisco, CA 94104
	           
      Attn: Nancy Mak
	           
      Tel. No.: (415) 956-0707
	           
      Fax No.: (415) 956-4230
	           
      Email: [____________________]
	 
	I-7
	 

	Address for all other notices:
	 
	           
      BNP Paribas
	           
      725 S. Figueroa Street
	           
      Los Angeles, CA 90017
	           
      Attn: Tjalling Terpstra
	           
      Tel. No.: (213) 688-6425
	           
      Fax No.: (213) 488-9602
	           
      Email: tjalling.terpstra@americas.bnpparibas.com
	 
	Wiring Instructions:
	 
	           
      Federal Reserve Bank of New York
	           
      ABA No.: 026007689 BNP Paribas
	           
      Beneficiary: BNP Paribas, San Francisco
	           
      ACA 14334000176
	           
      For further credit to BNP Paribas Los Angeles
	           
      Reference: Adobe Systems, Inc.
	           
      Attention: Jenny Seow
	 
	I-8
	 

	FIRST UNION NATIONAL BANK
	 
	Domestic Lending Office and Euro-Dollar Lending Office:
	 
	           
      First Union National Bank
	           
      301 South College Street
	           
      Charlotte, NC 28288
	 
	Address for Notices of Borrowing, Notices of Interest
      Period Selection and Notices of Term
	Loan Conversion:
	 
	           
      First Union National Bank
	           
      301 South College Street, 4th Floor
	           
      Charlotte, NC 28288-1183
	           
      Attn: Todd Tucker
	           
      Tel. No.: (704) 383-0905
	           
      Fax No.: (704) 383-7999
	           
      Email: todd.tucker@capmark.funb.com
	 
	Address for all other notices:
	 
	           
      First Union National Bank
	           
      301 South College Street, 5th Floor
	           
      Charlotte, NC 28288-0735
	           
      Attn: Trip Caldwell
	           
      Tel. No.: (704) 715-1041
	           
      Fax No.: (704) 383-7236
	           
      Email: trip.caldwell@funb.com
	 
	Wiring Instructions:
	 
	           
      First Union National Bank
	           
      Charlotte, NC
	           
      ABA No.: 053-000-219
	           
      Account No.: 465906-0004568
	 
	I-9
	 

	FLEET NATIONAL BANK
	 	 
	Domestic Lending Office and Euro-Dollar Lending
      Office:
	 	 
	           
      Fleet National Bank	 
	           
      100 Federal Street	 
	           
      Boston, MA 02110	 
	 	 
	Address for Notices of Borrowing, Notices of
      Interest Period Selection and Notices of Term
	Loan Conversion:	 
	 	 
	           
      Fleet National Bank	 
	           
      Mail Code: MA DE 10009G
	           
      100 Federal Street	 
	           
      Boston, MA 02110	 
	           
      Attn: Pauline Kowalczyk
	           
      Tel. No.: (617) 346-0622
	           
      Fax No.: (617) 346-0595
	           
      Email: [____________________]
	 	 
	Address for all other notices:
	 	 
	           
      Fleet National Bank	 
	           
      Mail Code: MA DE 10009G
	           
      100 Federal Street	 
	           
      Boston, MA 02110	 
	           
      Attn: William Rowe
	           
      Tel. No.: (617) 434-6396
	           
      Fax No.: (617) 434-0819
	           
      Email: william_s_rowe@fleet.com
	 	 
	Wiring Instructions:	 
	 	 
	           
      Fleet National Bank	 
	           
      Boston, MA	 
	           
      ABA No.: 011 000 138
	           
      For further credit to:  Adobe Systems, Inc.	
	           
      Account No.: 1510351-03156
	           
      Attn: Commercial Loan Wire Suspense
	 
	I-10
	 

	THE INDUSTRIAL BANK OF JAPAN, LIMITED
	 
	Domestic Lending Office and Euro-Dollar Lending Office:
	 
	           
      The Industrial Bank of Japan, Limited
	           
      One Market Street
	           
      Spear Tower, Suite 1610
	           
      San Francisco, CA 94105
	 
	Address for Notices of Borrowing, Notices of Interest
      Period Selection and Notices of Term
	Loan Conversion:
	 
	           
      The Industrial Bank of Japan, Limited
	           
      1251 Avenue of the Americas
	           
      New York, NY 10020-1104
	           
      Attn: Richard Emmich or Michelle Fuimo
	           
      Tel. No.: (212) 282-4092 or (212) 282-4063
	           
      Fax No.: (212) 282-4478
	 
	Address for all other notices:
	 
	           
      The Industrial Bank of Japan, Limited
	           
      One Market Street
	           
      Spear Tower, Suite 1610
	           
      San Francisco, CA 94105
	           
      Attn: Eric Maubert
	           
      Tel. No.: (415) 693-1805
	           
      Fax No.: (415) 982-1917
	           
      Email: emaubert@ibjsf.com
	 
	Wiring Instructions:
	 
	           
      The Industrial Bank of Japan, Limited
	           
      New York, NY
	           
      ABA No. 026-008-345
	           
      Attn: Richard Emmich, Credit Administration #1 Dept.
	 
	I-11
	 

	KEYBANK NATIONAL ASSOCIATION
	 
	Domestic Lending Office and Euro-Dollar Lending Office:
	 
	           
      KeyBank National Association
	           
      700 Fifth Avenue, 46th Floor
	           
      Seattle, WA 98104
	 
	Address for Notices of Borrowing, Notices of Interest
      Period Selection and Notices of Term
	Loan Conversion:
	 
	           
      KeyBank National Association
	           
      431 East Park Center Boulevard
	           
      Boise, ID 83706
	           
      Attn: Specialty Services Group
	           
      Tel. No.: (800) 297-5518
	           
      Fax No.: (800) 297-5495
	 
	Address for all other notices:
	 
	           
      KeyBank National Association
	           
      700 Fifth Avenue, 46th Floor
	           
      Seattle, WA 98104
	           
      Attn: Mary K. Young
	           
      Tel. No.: (206) 684-6085
	           
      Fax No.: (206) 684-6035
	           
      Email: mary_k_young@keybank.com
	 
	Wiring Instructions:
	 
	           
      KeyBank National Association
	           
      Seattle, WA
	           
      ABA No.: 125000574
	           
      For further credit to: NW Region Specialty Services
	           
      Account No.: 01500163
	           
      Reference: Adobe Systems Incorporated
	 
	I-12
	 

	MELLON BANK, N.A.
	 
	Domestic Lending Office and Euro-Dollar Lending Office:
	 
	           
      Mellon Bank, N.A.
	           
      400 South Hope Street, 5th Floor
	           
      Los Angeles, CA 90071
	 
	Address for Notices of Borrowing, Notices of Interest
      Period Selection and Notices of Term
	Loan Conversion:
	 
	           
      Mellon Bank, N.A.
	           
      Three Mellon Bank Center, Room #1203
	           
      Pittsburgh, PA 15259
	           
      Attn: Lorrie J. Amadio
	           
      Tel. No.: (412) 234-4769
	           
      Fax No.: (412) 209-6122
	           
      Email: amadio.lj@mellon.com
	 
	Address for all other notices:
	 
	           
      Mellon Bank, N.A.
	           
      400 South Hope Street, 5th Floor
	           
      Los Angeles, CA 90071
	           
      Attn: Edwin Wiest
	           
      Tel. No.: (213) 553-9503
	           
      Fax No.: (213) 629-0492
	           
      Email: wiest.eh@mellon.com
	 
	Wiring Instructions:
	 
	           
      Mellon Bank, N.A.
	           
      Pittsburgh, PA
	           
      ABA No.: 0430-0026-1
	           
      For further credit to: Loan Administration
	           
      Account No.: 990873800
	           
      Reference: Adobe Systems Incorporated
	 
	I-13
	 

	THE NORTHERN TRUST COMPANY
	 
	Domestic Lending Office and Euro-Dollar Lending Office:
	 
	           
      The Northern Trust Company
	           
      50 South LaSalle Street
	           
      Chicago, IL 60675
	 
	Address for Notices of Borrowing, Notices of Interest
      Period Selection and Notices of Term
	Loan Conversion:
	 
	           
      The Northern Trust Company
	           
      50 South LaSalle Street
	           
      Chicago, IL 60675
	           
      Attn: Linda Honda
	           
      Tel. No.: (312) 444-3532
	           
      Fax No.: (312) 630-1566
	           
      Email: [____________________]
	 
	Address for all other notices:
	 
	           
      The Northern Trust Company
	           
      50 South LaSalle Street
	           
      Chicago, IL 60603
	           
      Attn: John Brazzale
	           
      Tel. No.: (312) 444-7445
	           
      Fax No.: (312) 630-6062
	           
      Email: jpbl@ntrs.com
	 
	Wiring Instructions:
	 
	           
      The Northern Trust Bank
	           
      ABA No.: 071000152
	           
      Account No.: 5186401000
	           
      For further credit to: Commercial Loan Dept.
	           
      Reference: Adobe
	 
	I-14
	 

	THE ROYAL BANK OF SCOTLAND PLC
	 
	Domestic Lending Office and Euro-Dollar Lending Office:
	 
	           
      The Royal Bank of Scotland plc
	           
      Wall Street Plaza
	           
      88 Pine Street, 26th Floor
	           
      New York, NY 10005
	 
	Address for Notices of Borrowing, Notices of Interest
      Period Selection and Notices of Term
	Loan Conversion:
	 
	           
      The Royal Bank of Scotland plc
	           
      Wall Street Plaza
	           
      88 Pine Street, 26th Floor
	           
      New York, NY 10005
	           
      Attn: Jeanne DeQuar
	           
      Tel. No.: (212) 269-1700 Ext. 260
	            Fax
      No.: (212) 344-4065
	           
      Email: [____________________]
	 
	Address for all other notices:
	 
	           
      The Royal Bank of Scotland plc
	           
      Wall Street Plaza
	           
      88 Pine Street, 26th Floor
	           
      New York, NY 10005
	           
      Attn: Karen Stefancic
	           
      Tel. No.: (212) 269-3390
	           
      Fax No.: (212) 480-0791
	           
      Email: stefank@rbsny.com
	 
	Wiring Instructions:
	 
	           
      Citibank, N.A.
	           
      New York, NY
	           
      ABA No.: 0210-0008-9
	           
      For further credit to: The Royal Bank of Scotland
	           
      Account No.: 36023239
	           
      Reference: Adobe
	           
      Attn: DeQuar
	 
	I-15
	 

	THE SUMITOMO BANK, LIMITED
	 
	Domestic Lending Office and Euro-Dollar Lending Office:
	 
	           
      The Sumitomo Bank, Limited
	           
      777 South Figueroa Street, Suite 2600
	           
      Los Angeles, CA 90017
	 
	Address for Notices of Borrowing, Notices of Interest
      Period Selection and Notices of Term
	Loan Conversion:
	 
	           
      The Sumitomo Bank, Limited
	           
      777 South Figueroa Street, Suite 2600
	           
      Los Angeles, CA 90017
	           
      Attn: Miriam Delgado
	           
      Tel. No.: (213) 955-0883
	           
      Fax No.: (213) 623-6832
	           
      Email: [____________________]
	 
	Address for all other notices:
	 
	           
      The Sumitomo Bank, Limited
	           
      555 California Street, Suite 3350
	           
      San Francisco, CA 94104
	           
      Attn: Azar Shakeri
	           
      Tel. No.: (415) 616-3010
	           
      Fax No.: (415) 362-6527
	           
      Email: azar_shakeri@sumitomobank.com
	 
	Wiring Instructions:
	 
	           
      The Sumitomo Bank, Limited
	           
      Los Angeles Branch
	           
      ABA No.: 122041594
	           
      Reference: Adobe
	           
      Attn: Miriam Delgado
	 
	I-16
	 

	UBS AG	 	 
	 	 	 
	Domestic Lending Office and Euro-Dollar Lending
      Office:	 
	 	 	 
	           
      UBS AG	 	 
	           
      Stamford Branch	 	 
	           
      677 Washington Boulevard	 
	           
      Stamford, CT 06912	 
	 	 	 
	Address for Notices of Borrowing, Notices of
      Interest Period Selection and Notices of Term	 
	Loan Conversion:	 	 
	 	 	 
	           
      UBS AG	 	 
	           
      Stamford Branch	 	 
	           
      677 Washington Boulevard	 
	           
      Stamford, CT 06912	 
	           
      Attn: Philip FitzGerald	 
	           
      Tel. No.: (203) 719-5993	 
	           
      Fax No.: (203) 719-4176	 
	           
      Email: [____________________]	 
	 	 	 
	Address for all other notices:	 
	 	 	 
	           
      UBS AG	 	 
	           
      Stamford Branch	 	 
	           
      677 Washington Boulevard	 
	           
      Stamford, CT 06912	 
	           
      Attn: Robert H. Riley, III	 
	           
      Tel. No.: (203) 719-4066	 
	           
      Fax No.: (203) 719-6354	 
	           
      Email: robert.riley@wdr.com	 
	 	 	 
	Wiring Instructions:	 	 
	 	 	 
	           
      UBS AG	 	 
	           
      Stamford Branch	 	 
	           
      ABA No.: 026007993	 
	           
      CHIPS ABA No.:  799		 
	           
      For further credit to:  Portfolio Management House Account No.
      101-WA-894001-001	 
	           
      Reference: Adobe Systems	 
	 	
	I-17	
	 	

SCHEDULE II

PRICING GRID

 

Applicable Margin

  	Debt/		 		Base		 		 	
	EBITDA		Pricing		Rate		LIBOR		Commitment	
	Ratio*		Level		Loans		Loans		Fee Percentage	
	
        

      		
        

      		
        

      		
        

      		
        

      	
	 	 	 	 	 	 	 	 	 	 
	<
         0.45	 	1	 	0%	 	0.750%	 	0.175%	 
	 									
	> 0.45,		 		 		 		 	
	< 
        0.75		2		0%		0.875%		0.175%	
	 									
	> 0.75,	 	 	 	 	 	 	 	 	 
	<
         1.00	 	3	 	0%	 	1.000%	 	0.175%	 
	 									
	> 1.00,		 		 		 		 	
	< 
        1.50		4		0%		1.125%		0.175%	
	 									
	 		 		 		 		 	
	>1.50	 	5	 	0%	 	1.375%	 	0.175%	 

*        For a consecutive
four-quarter period.

EXPLANATION

	1.		The Applicable Margin for each Loan and
      Portion and the Commitment Fee Percentage will be set for each Pricing
      Period and will vary depending upon whether such period is a Level 1
      Period, a Level 2 Period, a Level 3 Period, a Level 4 Period or a Level 5
      Period.	
	 	 	 	 
	2. 		The first Pricing Period will commence on
      the date of the Credit Agreement and end on September 30, 2000 and each
      Pricing Period thereafter will commence on the first day immediately
      following the preceding Pricing Period and end on the last day of the
      month three months thereafter.	
	 	 	 	 
	3.		Each Pricing Period will be a Level 1
      Period, a Level 2 Period, a Level 3 Period, a Level 4 Period or a Level 5
      Period depending upon Borrower’s Debt/EBITDA Ratio for the consecutive
      four-quarter period ending one quarter prior to the first day of such
      Pricing Period.	

1.01-1

5.    Examples:

	 	(a)	Borrower’s Debt/EBITDA Ratio for the
      consecutive four-quarter period ending May 28, 2000 is 0.80. The Pricing
      Period of October 1, 2000 – December 31, 2000 will be a Level 3 period.	
	 	 	 	 
	 	(b)	Borrower’s Debt/EBITDA Ratio for the
      consecutive four-quarter period ending August 27, 2000 is 0.60. The
      Pricing Period of January 1, 2001 – March 31, 2001 will be a Level 2
      period.	

1.01-2

SCHEDULE 3.01

INITIAL CONDITIONS PRECEDENT

A.    Principal Credit
Documents.

		    
      (1)     The Credit Agreement, duly executed by
      Borrower, each Lender and Administrative Agent; and	
	 	 	 
		    
      (2)     Revolving Loan Notes payable to each Lender
      requesting such notes, each duly executed by Borrower.	

B.    Borrower Corporate Documents.

		    
      (1)     The Certificate or Articles of Incorporation
      of Borrower, certified as of a recent date prior to the Document Delivery
      Date by the Secretary of State (or comparable official) of its
      jurisdiction of incorporation;	
	 	 	 
		    
      (2)     A Certificate of Good Standing (or comparable
      certificate) for Borrower, certified as of a recent date prior to the
      Document Delivery Date by the Secretary of State (or comparable official)
      of its jurisdiction of incorporation;	
	 	 	 
		    
      (3)     A certificate of the Secretary or an Assistant
      Secretary of Borrower, dated the Document Delivery Date, certifying (a)
      that attached thereto is a true and correct copy of the Bylaws of Borrower
      as in effect on the Document Delivery Date; (b) that attached thereto are
      true and correct copies of resolutions duly adopted by the Board of
      Directors of Borrower and continuing in effect, which authorize the
      execution, delivery and performance by Borrower of this Agreement and the
      other Credit Documents executed or to be executed by Borrower and the
      consummation of the transactions contemplated hereby and thereby; and (c)
      that there are no proceedings for the dissolution or liquidation of
      Borrower; 	
	 	 	 
		    
      (4)     A certificate of the Secretary or an Assistant
      Secretary of Borrower, dated the Document Delivery Date, certifying the
      incumbency, signatures and authority of the officers of Borrower
      authorized to execute, deliver and perform this Agreement, the other
      Credit Documents and all other documents, instruments or agreements
      related thereto executed or to be executed by Borrower; and 	
	 	 	 
		    
      (5)     Certificates of Good Standing (or comparable
      certificates) for Borrower, certified as of a recent date prior to the
      Document Delivery Date by the Secretary of State and Franchise Tax Board
      of California.	

C.    Opinions. Favorable written
opinions from each of the following counsel for Borrower, each dated the
Document Delivery Date, addressed to Administrative Agent for the benefit of

3.01-1

Administrative Agent and Lenders, covering such legal matters
as Administrative Agent may reasonably request and otherwise in form and
substance satisfactory to Administrative Agent and each Lender: 

		    
      (1)     Cooley Godward LLP, outside counsel for
      Borrower and its Subsidiaries; and 	
	 	 	 
		    
      (2)     Colleen Pouliot, internal general counsel for
      Borrower and its Subsidiaries.	

D.    Other Items.

		     (1)    
      All fees and expenses payable to Administrative Agent and Lenders on or
      prior to the Document Delivery Date (including all fees payable to
      Administrative Agent pursuant to the Administrative Agent’s Fee Letter);	
	 	 	 
		    
      (2)     All fees and expenses of Administrative Agent’s
      counsels through the Document Delivery Date; and	
	 	 	 
		    
      (3)     Such other evidence as Administrative Agent or
      any Lender may reasonably request to establish the accuracy and
      completeness of the representations and warranties and the compliance with
      the terms and conditions contained in this Agreement and the other Credit
      Documents.	

3.01-2

SCHEDULES 4.01(q)

SUBSIDIARIES

[SEE ATTACHED]

4.01(q)-1

SCHEDULES 5.02(a)

EXISTING INDEBTEDNESS

	1.	Amended, restated and consolidated master
      lease agreement between Sumitomo Bank Leasing and Finance and Adobe
      Systems Incorporated, dated August 11, 1999 for $142,500,000	
	 	 	 
	2.	Note Payable to Robin Henson due 2006 for
      $604,800	
	 	 	 
	3.	Bank guarantee from ABN AMRO for the Hamburg
      office lease contract for DM92,300	
	 	 	 
	4.	Letter of comfort from Adobe Systems
      Incorporated for the Munich office lease contract	
	 	 	 
	5.	Bank guarantee for the Netherlands office of
      DFL139,460	
	 	 	 
	6.	Bank guarantee for Adobe Direct taxes in the
      Netherlands of DFL7,350	
	 	 	 
	7.	Bank guarantee for a car lease in Belgium of
      BEF88,860	
	 	 	 
	8.	Bank guarantee for the Italy office of
      ITL26,510,000	
	 	 	 
	9.	Guarantees of VAT reimbursement in Italy of
      ITL683,407,279	
	 	 	 
	10.	Bank guarantee for the Switzerland office of
      CHF66,000	
	 	 	 
	11.	Contingent liability regarding turnkey
      manufacturing inventory	
	 	 	 
	12.	Credit Agreement, dated August 11, 1999
      among Adobe Systems Incorporated as borrower, the financial institutions
      from time to time parties thereto as lenders, and ABN AMRO Bank N.V. as
      administrative agent for such lenders, under which a revolving credit
      facility in the amount of $100,000,000 is available	
	 	 	 
	13.	Bank guarantee with for customs in India for
      clearance of consignment INR4.2 million	
	 	 	 
	14.	American Express Centurion Bank $200,000
      facility to guarantee cash advances on the American Express T&E card	
	 	 	 
	15.	Adobe Systems Incorporated parent guarantee
      of Adobe International LP and all international subsidiaries with ABN AMRO
      Bank	
	 	 	 
	16.	Overdraft lines with ABN AMRO for various
      Adobe subsidiaries	
	 	 	 
	17.	Bankers Automated Clearing System (BACS) facility for
      Bank of Scotland transfers in U.K.	 
	 	 	
     
    
	18.	Letter of comfort for Post Girot Bank in Sweden for
        purchasing card program	 

  5.02(a)-1

  

  	19.	Guarantee in favor of Modus Media to cover outstanding
        obligations of Adobe International LP.	 

  5.02(a)-2

  

  SCHEDULES 5.02(b)

  EXISTING LIENS

  	1.	Rent deposit for Belgium office of
        DFL27,855	
	 	 	 
	2.	Rent deposit for France office of
        FRF255,862	
	 	 	 
	3.	Bill guarantees through Banco Bilbao
        Vizcaya for judicial requests due to antipiracy actions of ESP6,000,000	
	 	 	 
	4.	Rent deposit for Spain office of
        ESP1,160,000	
	 	 	 
	5.	Rent deposit for Italy office of
        ITL1,327,500	
	 	 	 
	6.	Rent deposit for Singapore office of
        SGD53,666	
	 	 	 
	7.	Rent deposit for Korea office of
        KRW75,091,500	
	 	 	 
	8.	Rent deposit for China office of US$34,026	
	 	 	 
	9.	Rent deposit for Argentina office of
        US$2,700	
	 	 	 
	10.	Rent deposit for Portugal office of EUR2,475	 

  5.02(b)-1

  

  SCHEDULES 5.02(e)

  EXISTING INVESTMENTS

  See Adobe Investment Policy (attached)

  5.02(e)-1

  

  EXHIBIT A 

  NOTICE OF REVOLVING LOAN BORROWING

  _______, ____

  ABN AMRO Bank N.V. 

    as Administrative Agent

  Agency Services

  208 South LaSalle Street

  Chicago, IL 60604-1003

  Attn: Joycelyn Gay
            1.  
  Reference is made to that certain Credit Agreement, dated as of August 9, 2000
  (the “Credit Agreement”), among Adobe Systems Incorporated (“Borrower”), the
  financial institutions listed in  Schedule I to the Credit Agreement (the
  “Lenders”) and ABN AMRO BANK N.V., as agent for Lenders (in such capacity,
  “Administrative Agent”). Unless otherwise indicated, all terms defined in the
  Credit Agreement have the same respective meanings when used herein.

            2.  
  Pursuant to  Subparagraph 2.01(b) of the Credit Agreement, Borrower hereby
  irrevocably requests a Revolving Loan Borrowing upon the following terms:

                 
  (a)     The principal amount of the requested Borrowing is
  to be $__________;

                 
  (b)     The requested Borrowing is to consist of [ Base
  Rate or LIBOR ] Loans;

                 
  (c)     If the requested Borrowing is to consist of LIBOR
  Loans, the initial Interest Period for such Loans will

            be
  __________ month[s];

                 
  (d)     If the requested Borrowing is to consist of LIBOR
  Loans, the initial LIBO Rate for such Loans will be based upon

            the [Telerate
  Page or Reference Bank] Rate; and
                 
  (e)     The date of the requested Borrowing is to be
  __________, ____.

            3. 
   Borrower hereby certifies to Administrative Agent and Lenders that, on
  the date of this Notice of Revolving Loan Borrowing

       and after giving effect to the requested
  Revolving Loan Borrowing:
                 
  (a)     The representations and warranties of Borrower set
  forth in Paragraph 4.01 of the Credit Agreement and in the

            other Credit Documents
  are true and correct in all material respects as if made on such date (except
  for representations

            and warranties
  expressly made as of a specified date, which shall be true as of such
  date); and

    A-1

  

                 
  (b)     No Default has occurred and is continuing.

            4.  
  Please disburse the proceeds of the requested Revolving Loan Borrowing to
  _____________________________

  __________________________________________________________________________________________________

  __________________________________________________________________________.

            IN
  WITNESS WHEREOF, Borrower has executed this Notice of Revolving Loan Borrowing
  on the date set forth above.

  

                                         
                                          
                                      
  ADOBE SYSTEMS INCORPORATED

  

                                         
                                          
                                      
  By: ___________________________

                                            
                                          
                                          
  Name: _____________________

                                            
                                          
                                          
  Title: ______________________

                                         
                                          
                                      
  By: ___________________________

                                            
                                          
                                          
  Name: _____________________

                                            
                                          
                                          
  Title: ______________________

  A-2

  

  EXHIBIT B 

  EXTENSION REQUEST

  [Date]

  ABN AMRO Bank N.V. 

    as Administrative Agent

  Agency Services

  208 South LaSalle Street

  Chicago, IL 60604-1003

  Attn: Joycelyn Gay

            1.  
  Reference is made to that certain Credit Agreement, dated as of August 9, 2000
  (the “Credit Agreement”), among Adobe Systems Incorporated (“Borrower”),
  the financial institutions listed in Schedule I to the Credit Agreement
  (the “Lenders”) and ABN AMRO Bank N.V., as agent for Lenders (in such capacity,
  “Administrative Agent” ). Unless otherwise indicated, all terms defined in
  the Credit Agreement have the same respective meanings when used herein.

            2.  
  Pursuant to Paragraph 2.02(a) of the Credit Agreement, Borrower hereby
  irrevocably requests Lenders to extend the Revolving Maturity Date for an
  additional 364 days. 

            3.  
  Borrower hereby certifies to Lenders and Administrative Agent that, on the
  date of this Extension Request, and after giving effect to the requested
  extension of the Revolving Loan Maturity Date: 

                 
  (a)     The representations and warranties of Borrower set
  forth inParagraph 4.01 of the Credit Agreement and in the other 

            Credit Documents
  are true and correct in all material respects as if made on such date (except
  for representations and

            warranties
  expressly made as of a specified date, which shall be true as of such
  date); and 

                 
  (b)     No Default has occurred and is continuing.

  B-1

  

  IN WITNESS WHEREOF, Borrower has executed this Extension
  Request on the date set forth above.

   

                                         
                                          
                                      
  ADOBE SYSTEMS INCORPORATED

  

                                         
                                          
                                      
  By: ___________________________

                                            
                                          
                                          
  Name: _____________________

                                            
                                          
                                          
  Title: ______________________

                                         
                                          
                                      
  By: ___________________________

                                            
                                          
                                          
  Name: _____________________

                                            
                                          
                                          
  Title: ______________________

  

  CONSENT

  The undersigned Lender hereby consents to the above
  Extension Request:

                                         
                                          
                                      
  ___________________________________

                                         
                                          
                                      
  By: ___________________________

                                            
                                          
                                          
  Name: _____________________

                                            
                                          
                                          
  Title: ______________________

  B-2

  

  EXHIBIT C 

  NOTICE OF TERM LOAN BORROWING

  _______, ____ 

  ABN AMRO Bank N.V. 

    as Administrative Agent

  Agency Services

  208 South LaSalle Street

  Chicago, IL 60604-1003

  Attn: Joycelyn Gay

            1.
   Reference is made to that certain Credit Agreement, dated as of August
  9, 2000 (the “Credit Agreement”), among Adobe Systems Incorporated (“Borrower”), the financial institutions listed in Schedule I to the Credit
  Agreement (the “Lenders”) and ABN AMRO Bank N.V., as agent for Lenders (in such capacity,
  “Administrative Agent”). Unless otherwise indicated, all terms defined in
  the Credit Agreement have the same respective meanings when used herein.

            2.
   Pursuant to Subparagraph 2.03(b) of the Credit Agreement, Borrower
  hereby irrevocably requests the Term Loan Borrowing on the Revolving Loan
  Maturity Date upon the following terms: 

                 
  (a)     The principal amount of the requested Borrowing is
  to be $__________; and 

                 
  (b)     The requested Borrowing is to consist initially of
  the following Portions[s] (specify for each Portion the amount; Type;

            and, for each
  LIBOR Portion, Interest Period and basis for determining the initial LIBO Rate
  Telerate Page or Reference Bank):

    		Portion

          Amount		Portion

          Type		Interest

          Period		LIBO Rate

          Basis
		
          

        		
          

        		
          

        		
          

        
		$	__________			__________			__ month[s]			__________
		$	__________			__________			__ month[s]			__________
		$	__________			__________			__ month[s]			__________
		$	__________			__________			__ month[s]			__________
		$	__________			__________			__ month[s]			__________

  C-1

  

            3.  
  Borrower hereby certifies to Administrative Agent and Lenders that, on the
  date of this Notice of Term Loan Borrowing and after giving effect to the
  requested Borrowing: 

                 
  (a)     The representations and warranties of Borrower set
  forth in Paragraph 4.01 of the Credit Agreement and in the other

            Credit Documents
  are true and correct in all material respects as if made on such date (except
  for representations and

            warranties
  expressly made as of a specified date, which shall be true as of such date);
  and 

                 
  (b)     No Default has occurred and is continuing.

            4.  
  The proceeds of the Term Loan Borrowing shall be distributed to the Lenders on
  the Revolving Loan Maturity Date to repay all Revolving Loans outstanding on
  that date. 

            IN
  WITNESS WHEREOF, Borrower has executed this Notice of Term Loan Borrowing on
  the date set forth above.

                                         
                                          
                                      
  ADOBE SYSTEMS INCORPORATED

  

                                         
                                          
                                      
  By: ___________________________

                                            
                                          
                                          
  Name: _____________________

                                            
                                          
                                          
  Title: ______________________

                                         
                                          
                                      
  By: ___________________________

                                            
                                          
                                          
  Name: _____________________

                                            
                                          
                                          
  Title: ______________________

  C-2

  

  EXHIBIT D

  NOTICE OF INTEREST PERIOD SELECTION

  _______, ____

  ABN AMRO BANK N.V. 

       as Administrative Agent

  Agency Services

  208 South LaSalle Street

  Chicago, IL 60604-1003

  Attn: Joycelyn Gay

            1.  Reference
  is made to that certain Credit Agreement, dated as of August 9, 2000 (the “Credit
  Agreement”), among Adobe Systems Incorporated (“Borrower”),
  the financial institutions listed in Schedule I to the Credit Agreement
  (the “Lenders”) and ABN AMRO BANK N.V., as agent for Lenders (in
  such capacity, “Administrative Agent”). Unless otherwise indicated,
  all terms defined in the Credit Agreement have the same respective meanings
  when used herein.

            2.  Pursuant
  to Subparagraph 2.04(b) of the Credit Agreement, Borrower hereby
  irrevocably selects a new Interest Period for a [Revolving Loan
  Borrowing][Portion of the Term Loan Borrowing] as follows: 

                 
  (a)     The [Borrowing][Portion] for which a new Interest
  Period is to be selected [consists of LIBOR Loans]

            [is a LIBOR
  Portion] in the aggregate principal amount of $__________;

                 
  (b)     The current Interest Period for such [Borrowing][Portion]
  is _______ month[s] and expires on

            ________, ____;

                 
  (c)     The next Interest Period for such [Borrowing][Portion],
  commencing upon the last day of the current

            Interest Period,
  is to be _________ month[s]; and 

                 
  (d)     The initial LIBO Rate for such Interest Period
  will be based upon the [“Telerate Page” or 

            “Reference Bank”]
  Rate.

  D-1

  

            IN
  WITNESS WHEREOF, Borrower has executed this Notice of Interest Period
  Selection on the date set forth above.

                                         
                                          
                                       

  		ADOBE SYSTEMS INCORPORATED	
			
		By:		_______________________________	

  	 		Name:		______________________	
			Title:		______________________	

   

  		By:		_______________________________	

  	 		Name:		______________________	
			Title:		______________________	

  D-2

  

  EXHIBIT E

  NOTICE OF TERM LOAN CONVERSION

       _______,
  ____ 

  ABN AMRO BANK N.V. 

       as Administrative Agent

  Agency Services

  208 South LaSalle Street

  Chicago, IL 60604-1003

  Attn: Joycelyn Gay

            1.  Reference
  is made to that certain Credit Agreement, dated as of August 9, 2000 (the “Credit
  Agreement”), among Adobe Systems Incorporated (“Borrower”),
  the financial institutions listed in Schedule I to the Credit Agreement
  (the “Lenders”) and ABN AMRO BANK N.V., as agent for Lenders (in
  such capacity, “Administrative Agent”). Unless otherwise indicated,
  all terms defined in the Credit Agreement have the same respective meanings
  when used herein.

            2.  Pursuant
  to Subparagraph 2.04(c) of the Credit Agreement, Borrower hereby
  irrevocably requests to convert a Portion of the Term Loan Borrowing at the
  end of its current Interest Period as follows:

                 
  (a)     The Portion of the Term Loan Borrowing to be
  converted is the [“Base Rate” or “LIBOR”] Portion in

            the aggregate
  principal amount of $__________ [which has a current Interest Period of ____
  month[s] expiring

            on __________,
  ____]; 

                 
  (b)     The Portion to be converted is to be converted
  into [a] Portion(s) of [a] Type(s); in [an] amount(s); 

             and, if such
  Portion(s) is [are] to include a LIBOR Portion(s), the Interest Period(s)
  therefor and the basis for

             determining
  the initial LIBO Rate – Telerate Page or Reference Bank is [are] as follows:

    	 	Portion

          Amount		Portion

          Type		Interest

          Period		LIBO Rate

          Basis
		
          

        		
          

        		
          

        		
          

        
	$	

          
          

        		

          
          

        		

          __ month[s]		

          
          

        
	$	

          
          

        		

          
          

        		

          __ month[s]		

          
          

        
	$	

          
          

        		

          
          

        		

          __ month[s]		

          
          

        
	$	

          
          

        		

          
          

        		

          __ month[s]		

          
          

        
	$	

          
          

        		

          
          

        		

          __ month[s]		

          
          

        
	$	

          
          

        		

          
          

        		

          __ month[s]		

          
          

        

  E-1

  

            IN
  WITNESS WHEREOF, Borrower has executed this Notice of Term Loan Conversion on
  the date set forth above.

  		ADOBE SYSTEMS INCORPORATED	
	 	 	
		By:		_______________________________	

  	 		Name:		______________________	
			Title:		______________________	

   

  		By:		_______________________________	

  	 		Name:		______________________	
			Title:		______________________	

  E-2

  

  EXHIBIT F

  NEW LENDER JOINDER

            THIS
  NEW LENDER JOINDER (this “New Lender Joinder”), dated as
  of____________, ____, is executed by ___________________ (“New Lender”) in favor of
  ADOBE SYSTEMS INCORPORATED (“Borrower”) and ABN AMRO BANK N.V.,
  acting as agent (in such capacity, and each successor thereto in such
  capacity, “Administrative Agent”) for the financial institutions
  which are from time to time parties to the Credit Agreement referred to in Recital
  A below (collectively, the “Lenders”).

  RECITALS

            A.  
  Pursuant to a Credit Agreement dated as of August 9, 2000 (as amended from
  time to time, the “Credit Agreement”), among Borrower, Lenders and
  Administrative Agent, Lenders have agreed to extend certain credit facilities
  to Borrower upon the terms and subject to the conditions set forth therein.

            B.  
  New Lender is willing to commit to make loans to Borrower as contemplated by
  the Credit Agreement.

  AGREEMENT

            NOW,
  THEREFORE, in consideration of the above recitals and for other good and
  valuable consideration, the receipt and adequacy of which are hereby
  acknowledged, New Lender hereby agrees with Borrower and Administrative Agent
  as follows:

            1.  
  Definitions. Unless otherwise defined herein, all capitalized terms
  used herein and defined in the Credit Agreement shall have the respective
  meanings given to those terms in the Credit Agreement.

            2.  
  Agreement to be Bound. Effective ______ , ______ (the “Commitment
  Effective Date”), upon the consent of Borrower and Administrative Agent
  and acceptance of this New Lender Joinder by Administrative Agent for
  recording as evidenced by delivery of a notice in the form of Attachment 1
  hereto, New Lender hereby accepts a Commitment of ___________ Dollars
  ($_______________) and agrees to perform in accordance with their terms all of
  the obligations which by the terms of the Credit Agreement and the other
  Credit Documents are required to be performed by a Lender with such
  Commitment.

            3.  
  Representations, Warranties and Covenants. New Lender further
  represents, warrants and covenants with Borrower, Administrative Agent and
  Lenders as follows: 

                 
  (a)     New Lender confirms that it has received a copy of
  the Credit Agreement and such other documents

            and information as
  it has deemed appropriate to make its own credit analysis and decision to
  enter into this 

            New Lender Joinder.

  F-1

  

                
  (b)     New Lender will, independently and without
  reliance upon Administrative Agent or any other Lender

            and based upon
  such documents and information as it shall deem appropriate at the time,
  continue to make its

            own credit
  decisions in taking or not taking action under the Credit Agreement and the
  other Credit Documents.

                
  (c)     New Lender appoints and authorizes Administrative
  Agent to take such action as Administrative

            Agent on its
  behalf and to exercise such powers under the Credit Agreement and the other
  Credit Documents

            as Administrative
  Agent is authorized to exercise by the terms thereof, together with such
  powers as are 

            reasonably
  incidental thereto, all in accordance with Section VII of the Credit
  Agreement. 

                
  (d)     Attachment 2 hereto sets forth
  administrative information with respect to New Lender.

                
  (e)     New Lender hereby (     )
  DOES (     ) DOES NOT request a Revolving Loan
  Note.

            4.  
  Miscellaneous. This New Lender Joinder shall be governed by, and
  construed in accordance with, the laws of the State of California. Paragraph
  headings in this New Lender Joinder are for convenience of reference only and
  are not part of the substance hereof.

            IN
  WITNESS WHEREOF, New Lender has caused this New Lender Joinder to be executed
  by its duly authorized officer as of the Commitment Effective Date.

  		 	[NEW LENDER]	
						
						
			By:			
				
        

      	
				Name:		
					
        

      	
				Title:		
					
        

      	

   

  CONSENTED TO BY:

  ADOBE SYSTEMS INCORPORATED

  	By:			
		
        

      	
		Name:		
			
        

      	
		Title:		
			
        

      	

   

  	By:			
		
        

      	
		Name:		
			
        

      	
		Title:		
			
        

      	

  F-2

  

  	
         

        

      	
	As Administrative Agent	

  				
	By:			
		
        

      	
		Name:		
			
        

      	
		Title:		
			
        

      	

  ACCEPTED FOR RECORDATION

       IN REGISTER:

   

  	
        

      	
	As Administrative Agent	

  				
	By:			
		
        

      	
		Name:		
			
        

      	
		Title:		
			
        

      	

   F-3

  

  ATTACHMENT 1

  TO NEW LENDER JOINDER

  FORM OF

  COMMITMENT EFFECTIVE NOTICE

            Reference
  is made to the Credit Agreement, dated as of August 9, 2000, among ADOBE
  SYSTEMS INCORPORATED (“Borrower”), the financial institutions parties
  thereto (the “Lenders”) and ABN AMRO BANK N.V., as agent for
  Lenders (in such capacity, “Administrative Agent”). Administrative
  Agent hereby acknowledges receipt of five executed counterparts of a completed
  New Lender Joinder executed by__________________(“New Lender”), a copy of
  which is attached hereto. [Note: Attach copy of New Lender Joinder.] Terms
  defined in the Credit Agreement are used herein as therein defined.

            1.  Pursuant
  to such New Lender Joinder, you are advised that New Lender shall have a
  Commitment of $_______, effective _____________ (“Commitment
  Effective Date”).

            2.  Pursuant
  to such New Lender Joinder, Borrower is required to deliver to Administrative
  Agent on or before the Commitment Effective Date a Revolving Loan Note, dated
  August 9, 2000, in the principal amount of New Lender’s Commitment.

            3.  Pursuant
  to such New Lender Joinder, New Lender is required to pay $_______, which
  constitutes New Lender’s Proportionate Share of all outstanding Revolving
  Loan Borrowings, to Administrative Agent at or before 12:00 Noon on the
  Commitment Effective Date in same day or immediately available funds.
  Administrative Agent shall disburse such funds to the other Lenders in the
  amount necessary so that each Lender’s outstanding Revolving Loans are equal
  to such Lender’s Proportionate Share of all outstanding Revolving Loan
  Borrowings.

  		Very truly yours,	
	 	 	 
		ABN AMRO BANK N.V.	
		    as Administrative Agent	

  	 	 	 	 	
	 	By:		_______________________________	

  	 		Name:		______________________	
			Title:		______________________	

  	 	 	 	 	
	 	By:		_______________________________	

  	 		Name:		______________________	
			Title:		______________________	

  F-1

  

  ATTACHMENT 2

  TO NEW LENDER JOINDER

  [New Lender]

  Domestic Lending Office: 

   

  Euro-Dollar Lending Office: 

   

  Address for Notices: 

   

  Wiring Instructions:

  F-1

  

  EXHIBIT G

  CONSENT TO INCREASE COMMITMENT

            THIS
  CONSENT TO INCREASE COMMITMENT (this “Consent to Increase Commitment”),
  dated as of ____________, ____, is executed by ____________ (“Existing
  Lender”) in favor of ADOBE SYSTEMS INCORPORATED (“Borrower”) and ABN
  AMRO BANK N.V., acting as agent (in such capacity, and each successor thereto
  in such capacity, “Administrative Agent”) for the financial
  institutions which are from time to time parties to the Credit Agreement
  referred to in Recital A  below (collectively, the “Lenders”).

  RECITALS

            A.  
  Pursuant to a Credit Agreement dated as of August 9, 2000 (as amended from
  time to time, the “Credit Agreement”), among Borrower, Lenders (including
  Existing Lender) and Administrative Agent, Lenders have agreed to extend
  certain credit facilities to Borrower upon the terms and subject to the
  conditions set forth therein.

            B.  
  Existing Lender is willing to increase its commitment to make loans to
  Borrower as contemplated by the Credit Agreement.

  AGREEMENT

            NOW,
  THEREFORE, in consideration of the above recitals and for other good and
  valuable consideration, the receipt and adequacy of which are hereby
  acknowledged, Existing Lender hereby agrees with Borrower and Administrative
  Agent as follows:

            1.  
  Definitions. Unless otherwise defined herein, all capitalized terms
  used herein and defined in the Credit Agreement shall have the respective
  meanings given to those terms in the Credit Agreement.

            2.  
  Agreement to Increase Commitment. Effective ____________,____, (the “Commitment
  Effective Date”), upon the consent of Borrower and Administrative Agent
  and acceptance of this Consent to Increase Commitment by Administrative Agent
  for recording as evidenced by delivery of a notice in the form of Attachment
  1
   hereto, Existing Lender hereby agrees to increase its Commitment to
  ____________ Dollars ($____ ).

            3.  
  Delivery of Note. On or prior to the Commitment Effective Date,
  Existing Lender will deliver to Administrative Agent the Revolving Loan Note,
  if any, payable to Existing Lender and advise Administrative Agent whether
  Existing Lender requests a replacement Revolving Loan Note in the amount of
  Existing Lender’s increased Commitment.

            4.  
  Miscellaneous. This Consent to Increase Commitment shall be governed
  by, and construed in accordance with, the laws of the State of California.
  Paragraph headings in this Consent to Increase Commitment are for convenience
  of reference only and are not part of the substance hereof.

  G-1

  

            IN
  WITNESS WHEREOF, Existing Lender has caused this Consent to Increase Commitment
  to be executed by its duly authorized officer as of the Commitment Effective
  Date.

  		 	[EXISTING LENDER]	
						
						
			By:			
				
        

      	
				Name:		
					
        

      	
				Title:		
					
        

      	

   

  CONSENTED TO BY:

  ADOBE SYSTEMS INCORPORATED

  	By:			
		
        

      	
		Name:		
			
        

      	
		Title:		
			
        

      	

   

  	By:			
		
        

      	
		Name:		
			
        

      	
		Title:		
			
        

      	

   

  	
        

      	
	As Administrative Agent	

   

  	By:			
		
        

      	
		Name:		
			
        

      	
		Title:		
			
        

      	

  ACCEPTED FOR RECORDATION

      IN REGISTER

  	
        

      	
	As Administrative Agent	

   

  	By:			
		
        

      	
		Name:		
			
        

      	
		Title:		
			
        

      	

  G-2

  

  ATTACHMENT 1

  TO CONSENT TO INCREASE COMMITMENT

  FORM OF

  COMMITMENT EFFECTIVE NOTICE
  

            Reference
  is made to the Credit Agreement, dated as of August 9, 2000, among ADOBE
  SYSTEMS INCORPORATED (“Borrower”), the financial institutions parties
  thereto (the “Lenders”) and ABN AMRO BANK N.V., as agent for
  Lenders (in such capacity, “Administrative Agent”). Administrative
  Agent hereby acknowledges receipt of five executed counterparts of a completed
  Consent to Increase Commitment executed by __________________ (“Existing
  Lender”), a copy of which is attached hereto. [Note: Attach copy of Consent
  to Increase Commitment.] Terms defined in the Credit Agreement are used herein
  as therein defined.

            1.  
  Pursuant to such Consent to Increase Commitment, you are advised that the
  Commitment of Existing Lender shall increase to $______________ , effective
  ________________ (“Commitment Effective Date”). 

            2.  
  Pursuant to such Consent to Increase Commitment, Existing Lender is required
  to deliver to Administrative Agent on or before the Commitment Effective Date
  the Revolving Loan Note, if any, payable to Existing Lender.

            3.  
  Pursuant to such Consent to Increase Commitment, Borrower is required to
  deliver to Administrative Agent on or before the Commitment Effective Date a
  Revolving Loan Note, dated August 9, 2000, in the principal amount of Existing
  Lender’s increased Commitment.

            4.  
  Pursuant to such Consent to Increase Commitment, Existing Lender is required
  to pay $ _______________, which constitutes the difference between the
  principal amount of Existing Lender’s outstanding Revolving Loans and its
  Proportionate Share of all outstanding Revolving Loan Borrowings, to
  Administrative Agent at or before 12:00 Noon on the Commitment Effective Date
  in same day or immediately available funds. Administrative Agent shall
  disburse such funds to the other Lenders in the amount necessary so that each
  Lender’s outstanding Revolving Loans are equal to such Lender’s
  Proportionate Share of all outstanding Revolving Loan Borrowings.

  		Very truly yours,	
	 	 	 
		ABN AMRO BANK N.V.	
		     as Administrative Agent	 

   

  	 	By:		_______________________________	

  	 		Name:		______________________	
			Title:		______________________	

  G-3

  

                                         
                                          
                                      
  By: ___________________________

                                            
                                          
                                          
  Name: _____________________

                                            
                                          
                                          
  Title: ______________________

  G-4

  

  EXHIBIT H

  REVOLVING LOAN NOTE 

  $______________                                    
                                          
                      
  ___________________, __________

                                            
                                          
                                          
         ________________, ____ 

            FOR
  VALUE RECEIVED, ADOBE SYSTEMS INCORPORATED, a Delaware corporation (“Borrower”),
  hereby promises to pay to the order of ____________________, a
  ____________________ (“Lender”), the principal sum of
  ______________________________ DOLLARS ($__________) or such lesser amount as
  shall equal the aggregate outstanding principal balance of the Revolving Loans
  made by Lender to Borrower pursuant to the Credit Agreement referred to below
  (as amended from time to time, the “Credit Agreement”), on or
  before the Revolving Loan Maturity Date specified in the Credit Agreement; and
  to pay interest on said sum, or such lesser amount, at the rates and on the
  dates provided in the Credit Agreement.

            Borrower
  shall make all payments hereunder, for the account of Lender’s Applicable
  Lending Office, to Administrative Agent as indicated in the Credit Agreement,
  in lawful money of the United States and in same day or immediately available
  funds.

            Borrower
  hereby authorizes Lender to record on the schedule(s) annexed to this note the
  date and amount of each Revolving Loan and of each payment or prepayment of
  principal made by Borrower and agrees that all such notations shall constitute
  prima facie evidence of the matters noted; provided, however,
  that the failure of Lender to make any such notation shall not affect Borrower’s
  obligations hereunder.

            This
  note is one of the Revolving Loan Notes referred to in the Credit Agreement,
  dated as of August 9, 2000, among Borrower, Lender and the other financial
  institutions from time to time parties thereto (collectively, the “Lenders”)
  and ABN AMRO Bank N.V., as agent for Lenders. This note is subject to the
  terms of the Credit Agreement, including the rights of prepayment and the
  rights of acceleration of maturity set forth therein. Terms used herein have
  the meanings assigned to those terms in the Credit Agreement, unless otherwise
  defined herein.

          The transfer,
  sale or assignment of any rights under or interest in this note is subject to
  certain restrictions contained in the Credit Agreement, including Paragraph
  8.05 thereof.

          Borrower shall
  pay all reasonable fees and expenses, including reasonable attorneys’ fees,
  incurred by Lender in the enforcement or attempt to enforce any of Borrower’s
  obligations hereunder not performed when due. Borrower hereby waives notice of
  presentment, demand, protest or notice of any other kind. This note shall be
  governed by and construed in accordance with the laws of the State of
  California.

  H-1

  

            IN
  WITNESS WHEREOF, Borrower has executed this Revolving Loan Note on the date
  set forth above.

                                         
                                          
                                      
  ADOBE SYSTEMS INCORPORATED

                                         
                                          
                                      
  By: ___________________________

                                            
                                          
                                          
  Name: _____________________

                                            
                                          
                                          
  Title: ______________________

                                         
                                          
                                      
  By: ___________________________

                                            
                                          
                                          
  Name: _____________________

                                            
                                          
                                          
  Title: ______________________

  H-2

  

  LOANS AND PAYMENTS OF PRINCIPAL

    	 	 	 	 	Amount of	Unpaid	 
	 	Type of	Amount of	Interest	Principal Paid	Principal	Notation
	Date	Loan	Loan	Period	or Prepaid	Balance	Made By
	
          

           

	
          

           

	
          

           

	
          

           

	
          

           

	
          

           

	
          

           

	
          

           

	
          

           

	
          

           

	
          

           

	
          

           

	
          

           

	
          

           

	
          

           

	
          

           

	
          

           

	
          

           

  H-3

  

   

  EXHIBIT I

  TERM LOAN NOTE

  $_______________                                  
                                          
                      
  ____________________,_____

                                            
                                          
                                          
      
    
  ___________________,____   

  

           
  FOR VALUE RECEIVED, ADOBE SYSTEMS INCORPORATED, a Delaware corporation (“Borrower”),
  hereby promises to pay to the order of ____________________, a
  ____________________ (“Lender”), the principal sum of
  ______________________________ DOLLARS ($__________), payable on the Term Loan
  Maturity Date; and to pay interest on the outstanding balance of said sum at
  the rates and on the dates provided in the Credit Agreement referred to below
  (as amended from time to time, the “Credit Agreement”).

           
  Borrower shall make all payments hereunder, for the account of Lender’s
  Applicable Lending Office, to Administrative Agent as indicated in the Credit
  Agreement, in lawful money of the United States and in same day or immediately
  available funds.

            This
  note is one of the Term Loan Notes referred to in the Credit Agreement, dated
  as of August 9, 2000, among Borrower, Lender and the other financial
  institutions from time to time parties thereto (collectively, the “Lenders”)
  and ABN AMRO Bank N.V., as agent for Lenders. This note is subject to the
  terms of the Credit Agreement, including the rights of prepayment and the
  rights of acceleration of maturity set forth therein. Terms used herein have
  the meanings assigned to those terms in the Credit Agreement, unless otherwise
  defined herein.

            The
  transfer, sale or assignment of any rights under or interest in this note is
  subject to certain restrictions contained in the Credit Agreement, including
  Paragraph 8.05 thereof. 

           
  Borrower shall pay all reasonable fees and expenses, including reasonable
  attorneys’ fees, incurred by Lender in the enforcement or attempt to enforce
  any of Borrower’s obligations hereunder not performed when due. Borrower
  hereby waives notice of presentment, demand, protest or notice of any other
  kind. This note shall be governed by and construed in accordance with the laws
  of the State of California.

            IN
  WITNESS WHEREOF, Borrower has executed this Term Loan Note on the date set
  forth above.

                                       
                                          
                            
  ADOBE SYSTEMS INCORPORATED

                                       
                                          
                            
  By : ________________________________

                                            
                                          
                               
  Name: __________________________

                                            
                                          
                               
  Title:   __________________________

   

                                       
                                          
                            
  By:  ________________________________

  

  I-1

  

                                       
                                          
                            
  Name: _______________________________ 

                                       
                                          
                            
  Title:   _______________________________  

  I-2

  

  EXHIBIT J

  ASSIGNMENT AGREEMENT

       THIS ASSIGNMENT AGREEMENT,
  dated as of the date set forth at the top of Attachment 1  hereto, by
  and among: 

               
  (1)     The bank designated under item A of
  Attachment 1  hereto as the Assignor Lender

       (“Assignor Lender”); and

               
  (2)     Each bank designated under item B of Attachment
  1
   hereto as an Assignee Lender (individually, an

        “Assignee Lender”).

  RECITALS

       A.     Assignor
  Lender is one of Lenders which is a party to the Credit Agreement dated as of
  August 9, 2000, by and among ADOBE SYSTEMS INCORPORATED (“Borrower”),
  Assignor Lender and the other financial institutions parties thereto
  (collectively, the “Lenders”) and ABN AMRO BANK N.V., as agent for
  Lenders (in such capacity, “Administrative Agent”). (Such credit
  agreement, as amended, supplemented or otherwise modified in accordance with
  its terms from time to time to be referred to herein as the “Credit
  Agreement”).

       B.     Assignor
  Lender wishes to sell, and Assignee Lender wishes to purchase, all or a
  portion of Assignor Lender’s rights under the Credit Agreement pursuant to Subparagraph
  8.05(c) of the Credit Agreement.

  AGREEMENT

      Now, therefore, the parties hereto hereby
  agree as follows:

       1.     Definitions.
  Except as otherwise defined in this Assignment Agreement, all capitalized
  terms used herein and defined in the Credit Agreement have the respective
  meanings given to those terms in the Credit Agreement.

       2.     Sale
  and Assignment. Subject to the terms and conditions of this Assignment
  Agreement, Assignor Lender hereby agrees to sell, assign and delegate, without
  recourse except to the extent of its representations and warranties expressly
  set forth herein, to each Assignee Lender and each Assignee Lender hereby
  agrees to purchase, accept and assume the rights, obligations and duties of a
  Lender under the Credit Agreement and the other Credit Documents having
  Commitments and Loans as set forth under the caption “Commitments or Loans
  Transferred” opposite such Assignee Lender’s name on Attachment 1 hereto
  and corresponding Proportionate Shares. Such sale, assignment and delegation
  shall become effective on the date designated in Attachment 1 hereto
  (the “Assignment Effective Date”), which date shall be, unless
  Administrative Agent shall otherwise consent, at least five (5) Business Days
  after the date following the date counterparts of this Assignment Agreement
  are delivered to Administrative Agent in accordance with Paragraph 3
  hereof.

  J-1

  

       3.     Assignment
  Effective Notice. Upon (a) receipt by Administrative Agent of five (5)
  counterparts of this Assignment Agreement (to each of which is attached a
  fully completed Attachment 1), each of which has been executed by
  Assignor Lender and each Assignee Lender (and, to the extent required by Subparagraph
  8.05(c) of the Credit Agreement, by Borrower and Administrative Agent) and
  (b) payment to Administrative Agent of the registration and processing fee
  specified in Subparagraph 8.05(f) of the Credit Agreement by Assignor
  Lender, Administrative Agent will transmit to Borrower, Assignor Lender and
  each Assignee Lender an Assignment Effective Notice substantially in the form
  of Attachment 2 hereto, fully completed (an “Assignment Effective
  Notice”). 

       4.     Assignment
  Effective Date. At or before 12:00 noon (local time of Assignor Lender) on
  the Assignment Effective Date, each Assignee Lender shall pay to Assignor
  Lender, in immediately available or same day funds, an amount equal to the
  purchase price, as agreed between Assignor Lender and such Assignee Lender
  (the “Purchase Price”), for the Commitments, Loans and
  Proportionate Shares purchased by such Assignee Lender hereunder. Effective
  upon receipt by Assignor Lender of the Purchase Price payable by each Assignee
  Lender, the sale, assignment and delegation to such Assignee Lender of such
  Commitments, Loans and Proportionate Shares as described in Paragraph 2 
  hereof shall become effective. 

       5.     Payments
  After the Assignment Effective Date. Assignor Lender and each Assignee
  Lender hereby agree that Administrative Agent shall, and hereby authorize and
  direct Administrative Agent to, allocate amounts payable under the Credit
  Agreement and the other Credit Documents as follows: 

              
  (a)      All principal payments made after the
  Assignment Effective Date with respect to each Commitment, Loan

       and Proportionate Share assigned to an Assignee
  Lender pursuant to this Assignment Agreement shall be payable

       to such Assignee
  Lender.      

              
  (b)      All interest, fees and other amounts accrued
  after the Assignment Effective Date with respect to each 

       Commitment, Loan and Proportionate Share assigned to
  an Assignee Lender pursuant to this Assignment

       Agreement shall be payable to such Assignee Lender.

  Assignor Lender and each Assignee Lender shall make any
  separate arrangements between themselves which they deem appropriate with
  respect to payments between them of amounts paid under the Credit Documents on
  account of the Commitments, Loans and Proportionate Shares assigned to such
  Assignee Lender, and neither Administrative Agent nor Borrower shall have any
  responsibility to effect or carry out such separate arrangements.

       6.     Delivery
  of Notes. On or prior to the Assignment Effective Date, Assignor Lender
  will deliver to Administrative Agent the Notes, if any, payable to Assignor
  Lender. On or prior to the Assignment Effective Date, Borrower will, if so
  requested by Assignee Lender(s) and Assignor Lenders, deliver to
  Administrative Agent new Notes for each Assignee Lender and Assignor Lender,
  in each case in principal amounts reflecting, in accordance with the Credit
  Agreement, their respective Commitments and Loans (as adjusted pursuant to
  this Assignment Agreement). Each such new Note shall be dated as provided in Subparagraph
  8.05(c) of the

  J-2

  

  Credit Agreement.     Promptly
  after the Assignment Effective Date, Administrative Agent will send to each of
  Assignor Lender and the Assignee Lenders its new Notes and will send to
  Borrower the superseded Notes payable to Assignor Lender, marked “Replaced.” 

       7.    Delivery of
  Copies of Credit Documents. Concurrently with the execution and delivery
  hereof, Assignor Lender will provide to each Assignee Lender (if it is not
  already a Lender party to the Credit Agreement) conformed copies of all
  documents delivered to Assignor Lender on or prior to the Closing Date in
  satisfaction of the conditions precedent set forth in the Credit Agreement.

       8.      Further
  Assurances. Each of the parties to this Assignment Agreement agrees that
  at any time and from time to time upon the written request of any other party,
  it will execute and deliver such further documents and do such further acts
  and things as such other party may reasonably request in order to effect the
  purposes of this Assignment Agreement.

       9.      Further
  Representations, Warranties and Covenants. Assignor Lender and each
  Assignee Lender further represent and warrant to and covenant with each other,
  Administrative Agent and Lenders as follows: 

              
  (a)     Other than the representation and warranty
  that it is the legal and beneficial owner of the interest being

       assigned hereby free and clear of any adverse claim,
  Assignor Lender makes no representation or warranty and   

       assumes no responsibility with respect to any
  statements, warranties or representations made in or in connection

       with the Credit Agreement or the other Credit
  Documents or the execution, legality, validity, enforceability,

       genuineness, sufficiency or value of the Credit
  Agreement or the other Credit Documents furnished or the

       collateral or any security interest therein.

   
             (b)    
  Assignor Lender makes no representation or warranty and assumes no
  responsibility with respect to the

        financial condition of Borrower or any of its
  obligations under the Credit Agreement or any other Credit   

        Documents.

              
  (c)     Each Assignee Lender confirms that it has received
  a copy of the Credit Agreement and such other

       documents and information as it has deemed
  appropriate to make its own credit analysis and decision to enter into

       this Assignment Agreement. 

               (d)    
  Each Assignee Lender will, independently and without reliance upon
  Administrative Agent, Assignor

        Lender or any other Lender and based upon such
  documents and information as it shall deem appropriate at the

        time, continue to make its own credit decisions
  in taking or not taking action under the Credit Agreement and the

        other Credit Documents.

              
  (e)      Each Assignee Lender appoints and authorizes
  Administrative Agent to take such action as

        Administrative Agent on its behalf and to
  exercise such powers under the Credit Agreement and the other Credit

        Documents as Administrative Agent is authorized
  to exercise by the terms thereof, together with such powers as

        are reasonably incidental thereto, all in
  accordance with Section VII of the Credit Agreement.

  J-3

  

                (f)     
  Each Assignee Lender agrees that it will perform in accordance with their
  terms all of the obligations

        which by the terms of the Credit Agreement and
  the other Credit Documents are required to be performed by it as

        a Lender.

               
  (g)      Attachment 1 hereto sets forth
  administrative information with respect to each Assignee Lender.

       10.     Effect
  of this Assignment Agreement. On and after the Assignment Effective Date,
  (a) each Assignee Lender shall be a Lender with Commitments and Loans equal to
  the Commitments and Loans set forth under the caption “Commitments or Loans
  After Assignment” opposite such Assignee Lender’s name on Attachment
  1 
  hereto and corresponding Proportionate Shares and shall have the rights,
  duties and obligations of such a Lender under the Credit Agreement and the
  other Credit Documents and (b) Assignor Lender shall be a Lender with
  Commitments and Loans equal to the Commitments and Loans set forth under the
  caption “Commitments or Loans After Assignment” opposite Assignor Lender’s
  name on Attachment 1  hereto and corresponding Proportionate Shares and
  shall have the rights, duties and obligations of such a Lender under the
  Credit Agreement and the other Credit Documents, or, if the Commitments and
  Loans of Assignor Lender have been reduced to $0, Assignor Lender shall cease
  to be a Lender and shall have no further obligation to make any Loans.

       11.     Miscellaneous.
  This Assignment Agreement shall be governed by, and construed in accordance
  with, the laws of the State of California. Paragraph headings in this
  Assignment Agreement are for convenience of reference only and are not part of
  the substance hereof.

  J-4

  

           
  IN WITNESS WHEREOF, the parties hereto have caused this Assignment Agreement
  to be executed by their respective duly authorized officers as of the date set
  forth in Attachment 1 hereto.

                                         
                                          
        
  _______________________________________________, as

                                            
                                          
     
  Assignor Lender

                                            
                                          
                 

                                            
                                          
     
  By:      
  __________________________________________ 

                                            
                                          
                  
  Name:   ___________________________________

                                            
                                          
                  
  Title:     ___________________________________

                                            
                                          
                 

                                            
                                          
     
  ____________________________________________, as an

                                            
                                          
     
  Assignee Lender

                                            
                                          
                 

                                            
                                          
     
  By:      ____________________________________________

                                            
                                          
                  
  Name:    ____________________________________

                                            
                                          
                  
  Title:      ____________________________________

                                            
                                          
                   

                                            
                                          
      ____________________________________________,
  as an

                                            
                                          
      Assignee
  Lender

                                            
                                          
                       

                                            
                                          
      By:   
   ____________________________________________

                                            
                                          
                  
  Name:     ___________________________________

                                            
                                          
                  
  Title:       ___________________________________

                                            
                                          
          

                                            
                                          
      ____________________________________________,
  as an  

                                            
                                          
      Assignee
  Lender 

                                            
                                          
                                          

                                            
                                          
      By:  
    ____________________________________________

                                            
                                          
                   
  Name:    ___________________________________

                                            
                                          
                   
  Title:      ___________________________________

  
  J-5

  

  CONSENTED TO AND ACKNOWLEDGED BY: 

  ADOBE SYSTEMS INCORPORATED

  By:   
  ___________________________________ 

          
  Name:  _____________________________

           Title:   
  _____________________________    

  By:    ___________________________________

           Name: 
  _____________________________

           Title:   
  _____________________________

  

  ________________________________________,

  As Administrative Agent

  

  By:   
  ___________________________________ 

          
  Name:  _____________________________

           Title:   
  _____________________________   

  ACCEPTED FOR RECORDATION

    IN REGISTER:

  ________________________________________,

  As Administrative Agent

  By:   
  ____________________________________ 

           Name: 
  ______________________________ 

           Title:   
  ______________________________  

  J-6

  

  ATTACHMENT 1

  TO ASSIGNMENT AGREEMENT

  ______________, ____

  ATTACHMENT 1

  TO ASSIGNMENT AGREEMENT

  PART A

  			Commitments or
        Loans		Commitments or
        Loans	
			Assigned		After Assignment	
			
        

      		
        

      	
			Commitment		Loan		Commitment		Loan	
			
        

      		
        

      		
        

      		
        

      	
	Assignor Lender:	 	 	 	 	 	 	 	 	 	 	 	 	 
	
        

      	 	 	 	 	 	 	 	 	 	 	 	 	 
	______________	 	$	__________	 	$	__________	 	$	__________	 	$	__________	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Assignee Lenders:	 	 	 	 	 	 	 	 	 	 	 	 	 
	
        

      	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	______________	 	$	__________	 	$	__________	 	$	__________	 	$	__________	 
	______________	 	$	__________	 	$	__________	 	$	__________	 	$	__________	 
	______________	 	$	__________	 	$	__________	 	$	__________	 	$	__________	 
	______________	 	$	__________	 	$	__________	 	$	__________	 	$	__________	 

  J(1)-1

  

  PART B

  [Assignee Lender]

  Domestic Lending Office: 

   

   

   

  Euro-Dollar Lending Office:

   

   

   

   

   Address for Notices: 

   

   

   

  Wiring Instructions:

  J(1)-2

  

	C.

          		ASSIGNMENT EFFECTIVE DATE: 
        ______________________, ______

        

      

  J(1)-2

  

  ATTACHMENT
  2

  TO
  ASSIGNMENT AGREEMENT

   

  FORM
  OF

  ASSIGNMENT
  EFFECTIVE NOTICE

          Reference is made
  to the Credit Agreement, dated as of August 9, 2000, among ADOBE SYSTEMS
  INCORPORATED (“Borrower”), the financial institutions parties
  thereto (the “Lenders”) and ABN AMRO BANK N.V., as agent for
  Lenders (in such capacity, “Administrative Agent”). Administrative
  Agent hereby acknowledges receipt of five executed counterparts of a completed
  Assignment Agreement, a copy of which is attached hereto. [Note: Attach copy
  of Assignment Agreement.] Terms defined in such Assignment Agreement are used
  herein as therein defined.

         
  1.     Pursuant to such Assignment Agreement, you are
  advised that the Assignment Effective Date will be __________.

         
  2.     Pursuant to such Assignment Agreement, Assignor
  Lender is required to deliver to Administrative Agent on or before the
  Assignment Effective Date the Note, if any, payable to Assignor Lender.

         
  3.     Pursuant to such Assignment Agreement, Borrower is
  required to deliver to Administrative Agent on or before the Assignment
  Effective Date the following Notes, each dated _________________ [Insert
  appropriate date]: 

                
  [Describe each new Note, if any, for Assignor Lender and each Assignee Lender
  as to principal amount.] 

         
  4.     Pursuant to such Assignment Agreement, each
  Assignee Lender is required to pay its Purchase Price to Assignor Lender at or
  before 12:00 Noon on the Assignment Effective Date in immediately available
  funds.

                                         
                                         
  Very truly yours,

                                         
                                         
  ABN AMRO BANK N.V. 

                                         
                                          
   
  as Administrative Agent

                                       
                                           
;
  By:      ________________________________
  
                                       
                                          
           
  Name:    _________________________
  
                                       
                                          
           
  Title:      _________________________
  
 
  
J(2)-1

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