Document:

exv10w3

Exhibit 10.3

AMENDED AND RESTATED MASTER SECURITIES PLEDGE AGREEMENT

     This AMENDED AND RESTATED MASTER SECURITIES PLEDGE AGREEMENT (this “Agreement”) is
made as of June 30, 2010 by and among HARRIS INTERACTIVE INC., a Delaware corporation (hereinafter,
the “Borrower”), HARRIS INTERACTIVE INTERNATIONAL INC., a Delaware corporation (“Harris
International”), WIRTHLIN WORLDWIDE, LLC, a Delaware limited liability company (“Wirthlin
Worldwide”), THE WIRTHLIN GROUP INTERNATIONAL, L.L.C., a Delaware limited liability company
(“Wirthlin Group”), LOUIS HARRIS & ASSOCIATES, INC., a New York corporation (“Louis
Harris”), HARRIS INTERACTIVE ASIA, LLC, a Delaware limited liability company (“Harris
Asia”), GSBC OHIO CORPORATION, an Ohio corporation (“GSBC”) and each other party as
shall from time to time become a party hereto pursuant to Section 24 hereof (each other
party, Borrower, Harris International, Wirthlin Worldwide, Wirthin Group, Louis Harris, Harris Asia
and GSBC being hereafter referred to from time to time, individually, as a “Pledgor” and
collectively, as the “Pledgors”), and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as
administrative agent (hereinafter, in such capacity, the “Administrative Agent”) for itself
and the other Secured Parties, including the lending institutions (hereinafter, collectively, the
“Lenders”) which are or may become party to that certain Amended and Restated Credit
Agreement, dated as of June 30, 2010 (as amended, supplemented, restated, or otherwise modified and
in effect from time to time, the “Credit Agreement”) among the Borrower, the Lenders party
thereto, the Issuing Bank and the Administrative Agent.

WHEREAS, the Borrower, the lenders party thereto (the “Existing Lenders”), and the
Administrative Agent, as administrative agent for the Existing Lenders, are parties to that certain
Credit Agreement dated as of September 21, 2007 (as amended, the “Existing Credit
Agreement”), pursuant to which the Existing Lenders have made loans and other extensions of
credit to the Borrower;

WHEREAS, the Borrower, the Lenders, the Issuing Bank and the Administrative Agent have agreed to
amend and restate the Existing Credit Agreement in its entirety pursuant to the Credit Agreement,
and the Existing Credit Agreement shall remain in full force and effect only as set forth in the
Credit Agreement;

WHEREAS pursuant to a Master Securities Pledge Agreement, dated as of February 5, 2009, by and
among the Pledgors and the Administrative Agent (as amended and in effect from time to time, the
“Existing Pledge Agreement”), each Pledgor granted to the Administrative Agent for the
benefit of the Secured Parties, a pledge of and security interest in the capital stock of certain
of its subsidiaries in order to secure the payment and performance in full of all the Obligations;

 

 

     WHEREAS, each Pledgor is the direct legal and beneficial owner of all of the issued and
outstanding Equity Interests of each of the Issuers opposite such Pledgor’s name on Annex A
hereto; and

     WHEREAS, it is a condition precedent to the Lenders’ making of Loans and otherwise extending
credit to the Issuing Bank issuing, extending, or renewing Letters of Credit for the benefit of the
Borrower under the Credit Agreement and in connection therewith permitting certain transactions
involving the Pledgors and their respective Subsidiaries thereunder that the Pledgors execute and
deliver to the Administrative Agent, for the benefit of the Secured Parties and the Administrative
Agent, an amended and restated pledge agreement in substantially the form hereof; and

     WHEREAS, each Pledgor wishes to continue and confirm the grants of pledges and security
interests in favor of the Administrative Agent, for the benefit of the Secured Parties and the
Administrative Agent, as herein provided; and

     WHEREAS, the Pledgors and the Administrative Agent now wish to amend and restate the Existing
Pledge Agreement for the benefit of the Secured Parties and the Administrative Agent as herein
provided, which shall supersede the Existing Pledge Agreement.

     NOW, THEREFORE, in consideration of the premises contained herein and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree that the Existing Pledge Agreement is hereby amended and restated as follows:

     1. Pledge of Securities, etc.

     1.1. Pledge of Securities. Each Pledgor hereby (a) ratifies and
affirms the grant and pledge of security interests made pursuant to the Existing Pledge
Agreement, and (b) to the extent not covered in (a), pledges, assigns, grants a security
interest in, and delivers to the Administrative Agent, for the benefit of the Secured
Parties and the Administrative Agent, all the right, title and interest of such Pledgor in
and to all of the Equity Interests of the Issuers of every class, including without
limitation the Equity Interests listed on Annex A hereto, whether now owned or
hereafter acquired or arising, and with respect to any Issuer which is a limited liability
company or partnership, (a) all payments or distributions, whether in cash, property or
otherwise, at any time owing or payable to such Pledgor on account of its interest as a
member or partner, as the case may be, in any Issuer or in the nature of a management,
investment banking or other fee paid or payable by any of the Issuer to such Pledgor, (b)
all of such Pledgor’s rights and interests under each of the partnership agreements or
operating agreements, as applicable, including all voting and management rights and all
rights to grant or withhold consents or approvals, (c) all rights of access and inspection
to and use of all books and records, including computer software and computer software
programs, of each of such Issuers, (d) all other rights,

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interests, property or claims to which such Pledgor may be entitled in its capacity as
a partner or a member of any Issuer, and (e) all proceeds, income from, increases in and
products of any of the foregoing to be held by the Administrative Agent, for the benefit of
the Secured Parties and the Administrative Agent, subject to the terms and conditions
hereinafter set forth. The certificates for such Equity Interests of every class of the
capital stock of the Issuers, to the extent that such interests are represented by
certificates, accompanied by stock powers or other appropriate instruments of assignment
thereof duly executed in blank by such Pledgor, have been delivered to the Administrative
Agent, and each Pledgor shall have taken all actions as required by applicable law to
create and maintain a legal, valid, and enforceable first priority security interest in the
Securities Collateral. The Pledgors will pledge to the Administrative Agent, for the
benefit of the Secured Parties and the Administrative Agent, all the issued and outstanding
Equity Interests of each Foreign Subsidiary, except, to the extent such pledge of the
Equity Interest of any Foreign Subsidiary that qualifies as a controlled foreign
corporation within the meaning of Section 951 of the Code would result in any material
adverse tax consequence or duty, in which case, the applicable Pledgor will pledge to the
Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent,
66% of the voting Equity Interests and 100% of the non-voting Equity Interests of each such
Foreign Subsidiary.

     1.2. Additional Securities. In case any Pledgor shall acquire any
capital stock or other equity interest of any Issuer or corporation, partnership, limited
liability company or other entity which is the successor of any Issuer, or any securities
exchangeable for or convertible into shares of such capital stock or other equity interest
of any class of any Issuer, by purchase, stock dividend, stock split or otherwise, then
such capital stock or other equity interests shall be subject to the pledge, assignment and
security interest granted to the Administrative Agent, for the benefit of the Secured
Parties and the Administrative Agent, under this Agreement, except, to the extent such
pledge of the Equity Interest of any Foreign Subsidiary that qualifies as a controlled
foreign corporation within the meaning of Section 951 of the Code would result in any
material adverse tax consequence or duty, in which case, the applicable Pledgor will pledge
to the Administrative Agent, for the benefit of the Secured Parties and the Administrative
Agent, 66% of the voting Equity Interests and 100% of the non-voting Equity Interests of
each such Foreign Subsidiary. Such Pledgor shall forthwith deliver to the Administrative
Agent any certificates therefor, accompanied by stock powers or other appropriate
instruments of assignment duly executed by such Pledgor in blank, and shall take all action
necessary or advisable in the reasonable opinion of the Administrative Agent to create and
maintain a legal, valid, and enforceable first priority security interest in such
Securities Collateral under applicable law. Each Pledgor agrees that the Administrative
Agent may from time to time attach as Annex A hereto an updated list of the shares
of capital stock or other equity interests at the time pledged with the Administrative
Agent hereunder.

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     1.3. Pledge of Cash Collateral Account. Each Pledgor also hereby
pledges, assigns, grants a security interest in, and delivers to the Administrative Agent,
for the benefit of the Secured Parties and the Administrative Agent, the Cash Collateral
Account and all of the Cash Collateral as such terms are hereinafter defined.

     1.4. Waiver of Certain Partnership Agreement, Operating Agreement or
Other Governing Documents Provisions. Each Pledgor irrevocably waives any and all
provisions of the partnership agreements, operating agreements, memorandum and articles of
association or other applicable agreements of each Issuer (as applicable) that (a)
prohibit, restrict, condition or otherwise affect the grant hereunder of any Lien on any of
the Securities Collateral (as such term is hereinafter defined) or any enforcement action
which may be taken in respect of any such Lien or (b) otherwise conflict with the terms of
this Agreement.

     2. Definitions. The term “Obligations” and all other capitalized terms used
herein without definition shall have the respective meanings provided therefor in the Credit
Agreement. Terms used herein and not defined in the Credit Agreement or otherwise defined herein
that are defined in the UCC (as defined below) have such defined meanings herein (with terms used
in Article 9 controlling over terms used in another Article), unless the context otherwise
indicates or requires, and the following terms shall have the following meanings:

Cash Collateral. See Section 4.

Cash Collateral Account. See Section 4.

Issuers. Shall mean the corporations, limited liability companies, limited partnerships,
general partnerships and any other Person now owned or hereafter acquired (whether in connection
with any recapitalization, reclassification or reorganization of the capital of any such company or
any successors in interest thereto) by any Pledgor, including, without limitation, the
corporations, limited liability companies, limited partnerships, general partnerships or such other
Person listed on Annex A attached hereto.

Securities. Includes the shares of stock, membership interests, partnership interests or
other equity interests described in Annex A attached hereto and any additional shares of
stock, membership interests, partnership interests or other equity interests at the time pledged to
the Administrative Agent hereunder and the interests described in clauses (a)-(e) of
Section 1.1 and Section 1.2 of this Agreement.

Securities Collateral. Equity Interests of the Issuers, including without limitation the
Equity Interests identified on Annex A hereto (which may be amended, updated or otherwise
modified from time to time) and the property at any time pledged to the Administrative Agent
hereunder (whether described herein or not) and all income therefrom, increases therein and
proceeds thereof, including without limitation that

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included in Cash Collateral. The term does not include any income, increases or proceeds received
by any Pledgor to the extent expressly permitted by Section 7.

Time Deposits. See Section 4.

UCC. The Uniform Commercial Code as the same may from time to time be in effect in the
State of New York (and each reference in this Agreement to an Article thereof shall refer to that
Article as from time to time in effect); provided, that in the event that, by reason of
mandatory provisions of law, any or all of the attachment, perfection, non-perfection or priority
of the Administrative Agent’s security interest in any collateral is governed by the Uniform
Commercial Code as in effect in a jurisdiction other than the State of New York, the term “UCC”
shall mean the Uniform Commercial Code (including the Articles thereof) as in effect at such time
in such other jurisdiction for purposes of the provisions hereof relating to such attachment,
perfection, non-perfection or priority and for purposes of definitions related to such provisions.

     3. Security for Obligations. This Agreement and the security interest in
and pledge of the Securities Collateral hereunder are made with and granted to the Administrative
Agent, for the benefit of the Secured Parties and the Administrative Agent, as security for the
payment and performance in full of all the Obligations (including all such Obligations which would
become due but for the operation of the automatic stay pursuant to §362(a) of the Federal
Bankruptcy Code and the operation of §§502(b) and 506(b) of the Federal Bankruptcy Code).

     4. Liquidation, Recapitalization, etc.

     4.1. Distributions Paid to Administrative Agent. Any sums or other
property paid or distributed upon or with respect to any of the Securities, whether by
dividend or redemption or upon the liquidation or dissolution of the Issuer thereof or
otherwise, shall, except to the limited extent provided in Section 7, be paid over
and delivered to the Administrative Agent to be held by the Administrative Agent, for the
benefit of the Secured Parties and the Administrative Agent, as security for the payment
and performance in full of all of the Obligations. In case, pursuant to the
recapitalization or reclassification of the capital of the Issuer thereof or pursuant to
the reorganization thereof, any distribution of capital shall be made on or in respect of
any of the Securities or any property shall be distributed upon or with respect to any of
the Securities, the property so distributed shall be delivered to the Administrative Agent,
for the benefit of the Secured Parties and the Administrative Agent, to be held by it as
security for the Obligations. Except to the limited extent provided in Section 7,
all sums of money and property paid or distributed in respect of the Securities, whether as
a dividend or upon such a liquidation, dissolution, recapitalization or reclassification or
otherwise, that are received by any Pledgor shall, until paid or delivered to the
Administrative Agent, be held in trust for the Administrative Agent, for the benefit of the
Secured Parties and the Administrative Agent, as security for the payment and performance
in full of all of the Obligations.

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     4.2. Cash Collateral Account. All sums of money that are delivered
to the Administrative Agent pursuant to this Section 4 shall be deposited into (as
security for the payment and performance in full of all of the Obligations) an interest
bearing account with the Administrative Agent or, if the Administrative Agent is not the
depositary bank, to an interest bearing account in the name of the Administrative Agent,
for the benefit of the Secured Parties and the Administrative Agent, as customer with a
depositary bank satisfactory to the Administrative Agent (any such account, whether
maintained with the Administrative Agent or in the Administrative Agent’s name as customer
being herein referred to as the “Cash Collateral Account”). Some or all of the
funds from time to time in the Cash Collateral Account may be invested in time deposits,
including, without limitation, certificates of deposit issued by the Administrative Agent
(such certificates of deposit or other time deposits being hereinafter referred to,
collectively, as “Time Deposits”), that are satisfactory to the Administrative
Agent after consultation with the applicable Pledgor, provided, that, in each such
case, arrangements satisfactory to the Administrative Agent are made and are in place to
perfect and to insure the first priority of the Administrative Agent’s security interest
therein. Interest earned on the Cash Collateral Account and on the Time Deposits, and the
principal of the Time Deposits at maturity that is not invested in new Time Deposits, shall
be deposited in the Cash Collateral Account. The Cash Collateral Account, all sums from
time to time standing to the credit of the Cash Collateral Account, any and all Time
Deposits, any and all instruments or other writings evidencing Time Deposits and any and
all proceeds or any thereof are hereinafter referred to as the “Cash Collateral.”

     4.3. Pledgors’ Rights to Cash Collateral, etc. Except as otherwise
expressly provided in Section 18, no Pledgor shall have the right to withdraw sums
from the Cash Collateral Account, to receive any of the Cash Collateral or to require the
Administrative Agent to part with the Administrative Agent’s possession of any instruments
or other writings evidencing any Time Deposits.

     5. Warranty of Title; Authority. Each Pledgor hereby represents and
warrants that: (a) such Pledgor has good and marketable title to, and is the sole record and
beneficial owner of, the Securities described in Section 1, subject to no pledges, liens,
security interests, charges, options, restrictions or other encumbrances except the pledge and
security interest created by this Agreement, (b) with respect to Issuers which are partnerships and
limited liability companies, such Pledgor is a duly constituted partner or member, as the case may
be, of such partnership or limited liability company, as the case may be, pursuant to the
partnership agreement or operating agreement, as the case may be, of such Issuer, (c) all of the
Securities described in Section 1 are validly issued, fully paid and non-assessable (or the
foreign equivalent thereof, as applicable), (d) such Pledgor has full corporate, limited liability
company or other necessary power, authority and legal right to execute, deliver and perform its
obligations under this Agreement and to pledge and grant a security interest in all of the
Securities Collateral pursuant to this Agreement, and the execution, delivery and performance
hereof and the

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pledge of and granting and enforcement (where applicable) of a security interest in the
Securities Collateral hereunder have been duly authorized by all necessary corporate, limited
liability company or other action and do not contravene any law, rule or regulation or any
provision of such Pledgor’s charter documents, operating agreement, partnership agreement, by-laws
or other governing document or of any judgment, decree or order of any tribunal or of any agreement
or instrument to which such Pledgor is a party or by which it or any of its property is bound or
affected or constitute a default thereunder, (e) the information set forth in Annex A
hereto relating to the Securities is true, correct and complete in all respects, and (f) such
Pledgor has no obligation to make any contribution, capital call or other payment to any Issuer
with respect to the Securities. Each Pledgor further represents and warrants that except as
previously disclosed to the Administrative Agent, none of the Securities Collateral consisting of
partnership or limited liability company interests (i) is dealt in or traded on a securities
exchange or in a securities market, (ii) by its terms expressly provides that it is a security
governed by Article 8 of the UCC, (iii) is an investment company security, (iv) is held in a
securities account or (v) constitutes a Security or a Financial Asset. Each Pledgor further makes
each of the representations and warranties applicable to it under the Credit Agreement and each
other Loan Document, and each such representation and warranty is hereby incorporated herein by
reference and made a part hereof. Each Pledgor covenants that it will defend the rights of the
Secured Parties and the Administrative Agent and security interest of the Administrative Agent, for
the benefit of the Secured Parties and the Administrative Agent, in such Securities against the
claims and demands of all other persons whomsoever. Each Pledgor further covenants that it will
have the like title to and right to pledge and grant a security interest in the Securities
Collateral hereafter pledged or in which a security interest is granted to the Administrative Agent
hereunder and will likewise defend the rights, pledge and security interest thereof and therein of
the Secured Parties and the Administrative Agent. Each Pledgor further covenants that such Pledgor
shall not, without executing and delivering, or causing to be executed and delivered, to the
Administrative Agent such agreements, documents and instruments as the Administrative Agent may
reasonably require, issue or acquire any Equity Interest consisting of an interest in a partnership
or a limited liability company that (i) is dealt in or traded on a securities exchange or in a
securities market, (ii) by its terms expressly provides that it is a security governed by Article 8
of the UCC, (iii) is an investment company security, (iv) is held in a securities account or (v)
constitutes a Security or a Financial Asset.

     6. Loan Document Terms. Each Pledgor shall at all times comply with the
covenants and other obligations, including the Obligations, applicable to it under the Credit
Agreement and each other Loan Document, and each such covenant and other obligation is hereby
incorporated herein by reference and made a part hereof.

     7. Dividends, Voting, etc., Prior to Maturity. So long as no Event of
Default shall have occurred and be continuing, each Pledgor shall be entitled to receive all sums
of money and property, except for additional Securities, paid or distributed in respect of the
Securities, whether as a dividend or upon a liquidation, dissolution, recapitalization or
reclassification or otherwise in respect of the Securities, to vote the

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Securities (subject to the last sentence of this paragraph) and to give consents, waivers and
ratifications in respect of the Securities; provided, however, that no vote shall
be cast or consent, waiver or ratification given by such Pledgor if the effect thereof could
reasonably be expected to impair any of the Securities Collateral or be inconsistent with or result
in any violation of any of the provisions of the Credit Agreement, the Notes or any of the other
Loan Documents. All such rights of such Pledgor to receive sums of money and property, except for
additional Securities, paid or distributed in respect of the Securities shall cease in case an
Event of Default shall have occurred and be continuing. All such rights of such Pledgor to vote
and give consents, waivers and ratifications with respect to the Securities shall, at the
Administrative Agent’s option, as evidenced by the Administrative Agent’s notifying such Pledgor of
such election, cease in case an Event of Default shall have occurred and be continuing.

     8. Remedies.

     8.1. In General. If an Event of Default shall have occurred and be
continuing, the Administrative Agent shall thereafter have the following rights and
remedies (to the extent permitted by applicable law) in addition to the rights and remedies
of a secured party under the UCC and any other applicable law (including under the
Securities Act of 1933, as amended (the “Securities Act”) (or the foreign law
equivalent thereof)), all such rights and remedies being cumulative, not exclusive, and
enforceable alternatively, successively or concurrently, at such time or times as the
Administrative Agent deems expedient:

     (a) if the Administrative Agent so elects and gives notice of such
election to the Pledgors, the Administrative Agent may exercise any management or
voting rights relating to the Securities (whether or not the same shall have been
transferred into its name or the name of its nominee or nominees) for any lawful
purpose, including, without limitation, if the Administrative Agent so elects, for
the liquidation of the assets of the Issuer thereof or for the amendment or
modification of any of the charter, by-laws, operating agreements, partnership
agreements, memorandum and articles of association or other governing documents,
and give all consents, waivers and ratifications in respect of the Securities and
otherwise act with respect thereto as though it were the outright owner thereof
(each Pledgor hereby irrevocably constituting and appointing the Administrative
Agent its proxy and attorney-in-fact, with full power of substitution, to do so);

     (b) the Administrative Agent may demand, sue for, collect or make
any compromise or settlement the Administrative Agent deems suitable in respect of
any Securities Collateral;

     (c) the Administrative Agent may sell, resell, assign and deliver,
or otherwise dispose of any or all of the Securities Collateral, for cash or credit
or both and upon such terms at such place or places, at such

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time or times and to such entities or other persons as the Administrative
Agent thinks expedient, all without demand for performance by such Pledgor or any
notice or advertisement whatsoever except as expressly provided herein or as may
otherwise be required by law;

     (d) the Administrative Agent may cause all or any part of the
Securities held by it to be transferred into its name or the name of its nominee or
nominees or to cause such Securities to be registered under the Securities Act or
any other applicable law; and

     (e) the Administrative Agent may set off against the Obligations any
and all sums deposited with it or held by it, including without limitation, any
sums standing to the credit of the Cash Collateral Account and any Time Deposits
issued by the Administrative Agent.

     8.2. Sale of Securities Collateral. In the event of any sale or
other disposition of the Securities Collateral as provided in clause (c) of
Section 8.1, and to the extent that any notice thereof is required to be given by
law, the Administrative Agent shall give to Pledgors at least ten (10) days prior
authenticated notice of the time and place of any public sale or other disposition of the
Securities Collateral or of the time after which any private sale or any other intended
disposition is to be made. Each Pledgor hereby acknowledges that ten (10) days prior
authenticated notice of such sale or other disposition or sales or other dispositions shall
be reasonable notice. The Administrative Agent may enforce its rights hereunder without
any other notice and without compliance with any other condition precedent now or hereunder
imposed by statute, rule of law or otherwise (all of which are hereby expressly waived by
Pledgors, to the fullest extent permitted by law). The Administrative Agent may buy or
otherwise acquire any part or all of the Securities Collateral at any public sale or other
disposition and if any part or all of the Securities Collateral is of a type customarily
sold or otherwise disposed of in a recognized market or is of the type which is the subject
of widely-distributed standard price quotations, the Administrative Agent may buy or
otherwise acquire at private sale or other disposition and may make payments thereof by any
means. The Administrative Agent may apply the cash proceeds actually received from any
sale or other disposition to the reasonable expenses of retaking, holding, preparing for
sale, selling and the like, to reasonable attorneys’ fees, travel and all other expenses
which may be incurred by the Administrative Agent or any Secured Party in attempting to
collect the Obligations or to enforce this Agreement or in the prosecution or defense of
any action or proceeding related to the subject matter of this Agreement, and then to the
Obligations pursuant to Section 7.2 of the Credit Agreement. Only after such applications,
and after payment by the Administrative Agent of any amount required by §9-608(a)(1)(C) or
§9-615(a)(3) of the UCC, need the Administrative Agent account to Pledgors for any surplus.

     8.3. [Intentionally Omitted.]

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     8.4. Private Sales. Each Pledgor recognizes that the Administrative
Agent may be unable to effect a public sale or other disposition of the Securities by
reason of certain prohibitions contained in the Securities Act, federal banking laws, and
other applicable laws, but may be compelled to resort to one or more private sales thereof
to a restricted group of purchasers. Each Pledgor agrees that any such private sales may
be at prices and other terms less favorable to the seller than if sold at public sales and
that such private sales shall not by reason thereof be deemed not to have been made in a
commercially reasonable manner. The Administrative Agent shall be under no obligation to
delay a sale of any of the Securities for the period of time necessary to permit the Issuer
of such securities to register such securities for public sale under the Securities Act, or
such other federal banking or other applicable laws, even if the Issuer would agree to do
so. Any such sale of all or a portion of the Securities Collateral may be for cash or on
credit or for future delivery and may be conducted at a private sale where the
Administrative Agent or any other person or entity may be the purchaser of all or part of
the Securities Collateral so sold. Subject to the foregoing, the Administrative Agent
agrees that any sale of the Securities shall be made in a commercially reasonable manner,
and each Pledgor agrees to use its best efforts to cause the Issuer or Issuers of the
Securities contemplated to be sold, to execute and deliver, and cause the directors (or
other analogous persons) and officers of such Issuer to execute and deliver, all at such
Pledgor’s expense, all such instruments and documents, and to do or cause to be done all
such other acts and things as may be necessary or, in the reasonable opinion of the
Administrative Agent, advisable to exempt such Securities from registration under the
provisions of the Securities Act (or the foreign law equivalent thereof), and to make all
amendments to such instruments and documents which, in the opinion of the Administrative
Agent, are necessary or advisable, all in conformity with the requirements of the
Securities Act (or the foreign law equivalent thereof) and the rules and regulations of the
Securities and Exchange Commission (or the foreign law equivalent thereof) applicable
thereto. Each Pledgor further agrees to use its best efforts to cause such Issuer or
Issuers to comply with the provisions of the securities or “Blue Sky” laws of any
jurisdiction which the Administrative Agent shall designate and, if required, to cause such
Issuer or Issuers to make available to its security holders, as soon as practicable, an
earnings statement (which need not be audited) which will satisfy the provisions of Section
11(a) of the Securities Act (or the foreign law equivalent thereof).

     8.5. Pledgors’ Agreements, etc. Each Pledgor further agrees to do
or cause to be done all such other acts and things as may be reasonably necessary on the
part of such Pledgor or with respect to the Issuer of the Securities to make any sales of
any portion or all of the Securities pursuant to this Section 8 valid and binding
and in compliance with any and all applicable laws (including, without limitation, the
Securities Act, the Securities Exchange Act of 1934, as amended, the rules and regulations
of the Securities and Exchange Commission applicable thereto, all applicable state
securities or “Blue Sky” laws and, in respect of each of the foregoing, the foreign law
equivalent thereof), regulations, orders, writs,

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injunctions, decrees or awards of any and all courts, arbitrators or governmental
instrumentalities, domestic or foreign, having jurisdiction over any such sale or sales,
all at such Pledgor’s expense. Each Pledgor further acknowledges its obligation for
payment of any deficiency remaining beyond the amount of the sale price of the Securities
Collateral, or any of them, less any payment or expenses incurred by the Administrative
Agent or any Secured Party in connection with such sale, and each Pledgor will promptly pay
the amount of any such deficiency to the Administrative Agent. Nothing contained in this
Agreement shall be construed to require the Administrative Agent to take any action with
respect to the Securities Collateral, whether by way of foreclosure or otherwise and except
as required by the applicable partnership agreement or operating agreement, in order to
permit the Administrative Agent to become a substitute partner or member of the Issuers, as
the case may be, under the applicable partnership agreement or operating agreement. Each
Pledgor further agrees that a breach of any of the covenants contained in this Section
8 will cause irreparable injury to the Administrative Agent and the Secured Parties,
that the Administrative Agent and the Secured Parties have no adequate remedy at law in
respect of such breach and, as a consequence, agrees that each and every covenant contained
in this Section 8 shall be specifically enforceable against such Pledgor by the
Administrative Agent and such Pledgor hereby waives and agrees not to assert any defenses
against an action for specific performance of such covenants to the extent it lawfully may.

     9. Marshalling. None of the Administrative Agent nor any Secured Party
shall be required to marshal any present or future collateral security for (including but not
limited to this Agreement and the Securities Collateral), or other assurances of payment of, the
Obligations or any of them, or to resort to such collateral security or other assurances of payment
in any particular order. All of the Administrative Agent’s rights hereunder and of the Secured
Parties and the Administrative Agent in respect of such collateral security and other assurances of
payment shall be cumulative and in addition to all other rights, however existing or arising. To
the extent that it lawfully may, each Pledgor hereby agrees that it will not invoke any law
relating to the marshalling of collateral that might cause delay in or impede the enforcement of
the Administrative Agent’s rights under this Agreement or under any other instrument evidencing any
of the Obligations or under which any of the Obligations is outstanding or by which any of the
Obligations is secured or payment thereof is otherwise assured, and to the extent that it lawfully
may such Pledgor hereby irrevocably waives the benefits of all such laws.

     10. Pledgors’ Obligations Not Affected. The obligations of each Pledgor
hereunder shall remain in full force and effect without regard to, and shall not be impaired by (a)
any exercise or nonexercise, or any waiver, by the Administrative Agent or any Secured Party of any
right, remedy, power or privilege under or in respect of any of the Obligations or any security
thereof (including this Agreement); (b) any amendment to or modification of the Credit Agreement,
any Note, the other Loan Documents or any of the Obligations; (c) any amendment to or modification
of any instrument (other than this Agreement) securing any of the Obligations, including, without
limitation, any of the

- 11 -

 

Collateral Documents; or (d) the taking of additional security for, or any other assurances of
payment of, any of the Obligations or the release or discharge or termination of any security or
other assurances of payment or performance for any of the Obligations; whether or not such Pledgor
shall have notice or knowledge of any of the foregoing, such Pledgor hereby generally waiving all
suretyship defenses to the extent applicable. Under no circumstances shall the Administrative
Agent, any of the Secured Parties or any holder of any of the Obligations as such be deemed to be a
shareholder, member, partner or other equity holder of any of the Issuers by virtue of the
provisions of this Agreement unless expressly agreed to in writing by the Administrative Agent or
such Lender or such holder.

     11. Transfer, etc., by Pledgors. Except as expressly permitted under the
Credit Agreement, without the prior written consent of the Administrative Agent, no Pledgor will
sell, assign, transfer or otherwise dispose of, grant any option with respect to, or pledge or
grant any security interest in or otherwise encumber or restrict any of the Securities Collateral
or any interest therein, except for the pledge thereof and security interest therein provided for
in this Agreement.

     12. Further Assurances. Each Pledgor will do all such acts, and will
furnish to the Administrative Agent all such financing statements, certificates, legal opinions and
other documents and will obtain all such governmental consents and corporate and other company
approvals and will do or cause to be done all such other things as the Administrative Agent may
reasonably request from time to time in order to give full effect to this Agreement and to secure
the rights of the Secured Parties and the Administrative Agent hereunder, all without any cost or
expense to any Administrative Agent or any Secured Party. Each Pledgor hereby irrevocably
authorizes the Administrative Agent at any time and from time to time to file in any filing office
in any Uniform Commercial Code jurisdiction (or the foreign law equivalent thereof) any initial
financing statements and amendments thereto that (a) indicate the Collateral as the Securities
Collateral or words of similar effect, or as being of equal or lesser scope or in greater detail,
and (b) contain any other information required by part 5 of Article 9 of the Uniform Commercial
Code of the jurisdiction of the filing office for the sufficiency or filing office acceptance of
any financing statement or amendment or any other applicable law, including whether such Pledgor is
an organization, the type of organization and any organization identification number issued to such
Pledgor. Each Pledgor agrees to furnish any such information to the Administrative Agent promptly
upon request. Each Pledgor also ratifies its authorization for the Administrative Agent to have
filed in any Uniform Commercial Code jurisdiction (or the foreign law equivalent thereof) any like
initial financing statements or amendments thereto if filed prior to the date hereof. Each Pledgor
will not permit to be effected any amendment of its Organization Documents that would impair in any
respects any right, remedy, or benefit of the Administrative Agent and Secured Parties hereunder,
provided that copies of any such amendment shall promptly (but in any event within three (3)
Business Days after execution thereof, and to the extent applicable, certified copies thereof)) be
delivered to the Administrative Agent.

- 12 -

 

     13. Administrative Agent’s Exoneration. Under no circumstances shall the
Administrative Agent be deemed to assume any responsibility for or obligation or duty with respect
to any part or all of the Securities Collateral of any nature or kind or any matter or proceedings
arising out of or relating thereto, other than (a) to exercise reasonable care in the physical
custody of the Securities Collateral and (b) after a Default or an Event of Default shall have
occurred and be continuing to act in a commercially reasonable manner. Neither the Administrative
Agent nor any Secured Party shall be required to take any action of any kind to collect, preserve
or protect its or any Pledgor’s rights in the Securities Collateral or against other parties
thereto. The Administrative Agent’s prior recourse to any part or all of the Securities Collateral
shall not constitute a condition of any demand, suit or proceeding for payment or collection of any
of the Obligations. This Agreement constitutes a pledge of the Securities Collateral and any other
applicable collateral hereunder only, and not an assignment of any duties or obligations of
Pledgors with respect thereto, and by its acceptance hereof and whether or not the Administrative
Agent shall have exercised any of its rights or remedies hereunder, none of the Administrative
Agent or the Secured Parties undertakes to perform or discharge, and none of the Administrative
Agent or the Secured Parties shall be responsible or liable for the performance or discharge of any
such duties or responsibilities, including, without limitation, for any capital calls. Each
Pledgor agrees that, notwithstanding the exercise by the Administrative Agent of any of its rights
hereunder, such Pledgor shall remain liable nonetheless for the full and prompt performance of all
of such Pledgor’s obligations and liabilities under any operating agreement, limited partnership
agreement, or similar document evidencing or governing any units of membership interest or limited
partnership interest in any limited liability company or limited partnership included in the
Securities Collateral. Under no circumstances shall the Administrative Agent, any of the Secured
Parties or any holder of any of the Obligations as such be deemed to be a member, limited partner,
or other equity owner of any of the Issuers by virtue of the provisions of this Agreement unless
expressly agreed to in writing by the Administrative Agent or such Secured Party or holder.
Without limiting the generality of the foregoing, none of the Administrative Agent or the Secured
Parties shall have any fiduciary duty as such to Pledgors or any other equity owner of any of the
Issuers by reason of this Agreement, whether by virtue of the security interests and liens
hereunder, or any enforcement action in respect of such security interests and liens, unless and
until the Administrative Agent or such Secured Party is actually admitted to the applicable Issuer
as a substitute member or substitute equity owner thereof after exercising enforcement rights under
part 6 of Article 9 of the Uniform Commercial Code in effect in the applicable jurisdiction, under
any applicable law or otherwise.

     14. Amendments, etc. No amendment to or waiver of any provision of this
Agreement, nor consent to any departure by any Pledgor herefrom, shall in any event be effective
unless the same shall be made in accordance with Section 9.2(b) of the Credit Agreement and with
the consent of the Administrative Agent and the applicable Pledgor, and then any such waiver or
consent shall be effective only in the specific instance and for the specific purpose for which
given. No act, failure or delay by the Administrative Agent shall constitute a waiver of its
rights and remedies hereunder or otherwise. No

- 13 -

 

single or partial waiver by the Administrative Agent of any default or right or remedy that it
may have shall operate as a waiver of any other default, right or remedy or of the same default,
right or remedy on a future occasion.

     15. Pledgor Waiver. Each Pledgor hereby waives promptness, diligence,
presentment, demand, protest, notice of acceptance, notice of any Obligations incurred and any
other notice with respect to any of the Obligations and this Agreement and any requirement that any
Secured Party protect, secure, perfect or insure any Lien, or any property subject thereto, or
exhaust any right or take any action against any Loan Party or any other Person (including any
other guarantor) or any collateral securing the Obligations, all defenses which may be available by
virtue of any valuation, stay, moratorium law or other similar law now or hereafter in effect, and
all surety defenses generally.

     16. Registration and Filing. Each Pledgor (a) has caused each Issuer to
duly register the security interests granted hereby on the respective books of such Issuer and has
furnished the Administrative Agent with evidence thereof, (b) has duly executed and caused any
financing statements to be filed with respect to the Securities Collateral in such a manner and in
such places as may be required by law in order to fully protect the rights of the Administrative
Agent and the Secured Parties hereunder, and (c) will cause any financing statements with respect
to the Securities Collateral at all times to be kept recorded and filed at each of the respective
Issuers’ expense in such a manner and in such places as may be required by law in order to fully
perfect the interests and protect the rights of the Administrative Agent and the Secured Parties
hereunder.

     17. Notice, etc. All notices, requests and other communications hereunder
shall be made in the manner set forth in Section 9.1 of the Credit Agreement.

     18. Termination. Upon final payment and performance in full in cash of the
Obligations, the termination of all lending and other credit commitments of the Administrative
Agent and the Secured Parties in respect thereof (including all outstanding Letters of Credit), and
the termination of the Credit Agreement and the other Loan Documents, this Agreement shall
terminate and the Administrative Agent shall, at Pledgors’ request and expense, return such
Securities Collateral in the possession or control of the Administrative Agent as has not
theretofore been disposed of pursuant to the provisions hereof.

     19. Overdue Amounts. Until paid, all amounts due and payable by Pledgors
hereunder shall be a debt secured by the Securities Collateral and shall bear, whether before or
after judgment, interest at the rate of interest for overdue principal set forth in the Credit
Agreement.

     20. Inconsistencies With Credit Agreement. In the event that any terms
hereof are inconsistent with the terms of the Credit Agreement, the terms of the Credit Agreement
shall control solely to the extent of any such conflict.

- 14 -

 

     21. Governing Law; Entire Agreement. THIS AGREEMENT SHALL BE GOVERNED BY
THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSE §§ 5-1401 AND 5-1402 OF THE
GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK). THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS
CONSTITUTE THE ENTIRE UNDERSTANDING AMONG THE PARTIES HERETO WITH RESPECT TO THE SUBJECT MATTER
HEREOF AND SUPERSEDE ANY PRIOR AGREEMENTS, WRITTEN OR ORAL, WITH RESPECT THERETO.

     22. Forum Selection and Consent to Jurisdiction. ANY LITIGATION BASED
HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT,
OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE
ADMINISTRATIVE AGENT, ANY OTHER SECURED PARTY OR ANY PLEDGOR IN CONNECTION HEREWITH MAY BE BROUGHT
AND MAINTAINED IN THE SUPREME COURT OF THE STATE OF NEW YORK OR IN THE UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF; PROVIDED,
THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT THE
ADMINISTRATIVE AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE SUCH SECURITIES COLLATERAL
OR OTHER PROPERTY MAY BE FOUND. EACH PLEDGOR IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS IN THE
MANNER PROVIDED FOR NOTCIES IN SECTION 9.1 OF THE CREDIT AGREEMENT. EACH PLEDGOR HEREBY EXPRESSLY,
UNCONDITIONALLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH
IT MAY HAVE OR HEREAFTER MAY HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH
COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT
FORUM. EXCEPT AS PROHIBITED BY LAW, EACH PLEDGOR HEREBY WAIVES ANY RIGHT SUCH PERSON MAY HAVE TO
CLAIM OR RECOVER IN ANY SUCH LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES
OR ANY DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES. TO THE EXTENT ANY PLEDGOR HAS OR
HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS
(WHETHER THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR
OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, SUCH PLEDGOR HEREBY IRREVOCABLY WAIVES SUCH
IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS.

- 15 -

 

     23. Waiver of Jury Trial; Certain Damages. EACH PARTY HERETO WAIVES, TO THE
FULLEST EXTENT PERMITTED BY LAW, ANY RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING
DIRECLTY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR
THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT, OR OTHER THEORY).
EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION,
SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE
BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

     24. Additional Pledgors. The Borrower and Subsidiaries of the Borrower
(“Additional Pledgors”) may hereafter become parties to this Agreement by executing a
counterpart hereof, and there shall be no need to re-execute, amend or restate this Agreement in
connection therewith. Upon such execution and delivery by any Additional Pledgor, such Additional
Pledgor shall be deemed to have made the representations and warranties set forth in Sections
5 and 6 hereof, and shall be bound by all of the terms, covenants and conditions hereof
to the same extent as if such Additional Pledgor had executed this Agreement as of the date hereof,
and the Administrative Agent, for itself and the benefit of the Secured Parties, shall be entitled
to all of the benefits of such Additional Pledgor’s obligations hereunder.

     25. Headings. The various headings used in this Agreement are inserted for
convenience only and shall not affect the meaning or interpretation of this Agreement or any
provisions hereof.

     26. Execution in Counterparts. This Agreement may be executed by the
parties hereto in several counterparts, each of which shall be deemed to be an original and all of
which shall constitute together but one and the same agreement. Delivery of an executed
counterpart of a signature page of this Agreement by telecopy or other electronic method of
transmission shall be effective as delivery of a manually executed counterpart of this Agreement

     27. Severability. Any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such provision and such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions
of this Agreement or affecting the validity or enforceability of such provision in any other
jurisdiction.

     28. Miscellaneous. This Agreement and all rights and obligations hereunder
shall be binding upon each Pledgor and its respective successors and assigns, and shall

- 16 -

 

inure to the benefit of the Administrative Agent and the Secured Parties and their respective
successors and assigns. Each Pledgor acknowledges receipt of a copy of this Agreement.

     29. Transitional Arrangements. This Agreement shall amend and restate in
its entirety the Existing Pledge Agreement on the Effective Date. On the Effective Date, all the
rights and obligations of the respective parties under the Existing Pledge Agreement shall be
subsumed within and governed by this Agreement; provided, that the provisions of the
Existing Pledge Agreement shall remain in full force and effect prior to the Effective Date, and
that the security interests granted pursuant to the Existing Pledge Agreement shall continue to be
in effect hereunder as set forth in §1.

[Remainder of Page Intentionally Left Blank]

- 17 -

 

     IN WITNESS WHEREOF, intending to be legally bound, each Pledgor and the Administrative Agent
have caused this Agreement to be executed as of the date first above written.

	 	 	 	 	 
	 	HARRIS INTERACTIVE INC.

 	 
	 	By:  	/s/  Eric W. Narowski
 	 
	 	 	Name:  	       Eric W. Narowski 	 
	 	 	Title:  	      Interim Chief Financial Officer 	 
	 
	 	HARRIS INTERACTIVE INTERNATIONAL INC.

 	 
	 	By:  	/s/  Eric W. Narowski
 	 
	 	 	Name:  	       Eric W. Narowski 	 
	 	 	Title:  	      Interim Chief Financial Officer 	 
	 
	 	WIRTHLIN WORLDWIDE, LLC

By Harris Interactive Inc., its sole Member

 	 
	 	By:  	/s/  Eric W. Narowski
 	 
	 	 	Name:  	       Eric W. Narowski 	 
	 	 	Title:  	      Interim Chief Financial Officer 	 
	 
	 	THE WIRTHLIN GROUP INTERNATIONAL, L.L.C.

By Wirthlin Worldwide, LLC, its sole Member

By Harris Interactive Inc., its sole Member

 	 
	 	By:  	/s/  Eric W. Narowski
 	 
	 	 	Name:  	                  Eric W. Narowski 	 
	 	 	Title:  	                 Interim Chief Financial Officer 	 
	 

[Signature Page to Masters Securities Pledge Agreement]

 

 

	 	 	 	 	 
	 	LOUIS HARRIS & ASSOCIATES, INC.

 	 
	 	By:  	/s/  Eric W. Narowski
 	 
	 	 	Name:  	       Eric W. Narowski 	 
	 	 	Title:  	      Interim Chief Financial Officer 	 
	 
	 	GSBC OHIO CORPORATION

 	 
	 	By:  	/s/  Eric W. Narowski
 	 
	 	 	Name:  	       Eric W. Narowski 	 
	 	 	Title:  	      Interim Chief Financial Officer 	 
	 
	 	HARRIS INTERACTIVE ASIA, LLC

By Wirthlin Worldwide, LLC, its sole Member

By Harris Interactive Inc., its sole Member

 	 
	 	By:  	/s/  Eric W. Narowski
 	 
	 	 	Name:  	       Eric W. Narowski 	 
	 	 	Title:  	      Interim Chief Financial Officer 	 
	 

[Signature Page to Masters Securities Pledge Agreement]

 

 

CERTIFICATE OF ACKNOWLEDGMENT FOR PLEDGORS

	 	 	 	 	 

	STATE OF NEW YORK

	 	)	 	 
	 

	 	   ) ss.

	COUNTY OF NEW YORK

	 	    )	 	 

     On this 24th day of June, 2010, before me, the undersigned notary public, personally appeared
Eric W. Narowski, proved to me through satisfactory evidence of identification, which were personal
acquaintance, to be the person whose name is signed on the preceding or attached document, and
acknowledged to me that she signed it voluntarily for its stated purpose as Interim Chief
Financial Officer for HARRIS INTERACTIVE INC., a Delaware corporation, HARRIS INTERACTIVE
INTERNATIONAL INC., a Delaware corporation, WIRTHLIN WORLDWIDE, LLC, a Delaware limited liability
company, THE WIRTHLIN GROUP INTERNATIONAL, L.L.C., a Delaware limited liability company, LOUIS
HARRIS & ASSOCIATES, INC., a New York corporation, HARRIS INTERACTIVE ASIA, LLC, a Delaware limited
liability company, and GSBC OHIO CORPORATION, a Ohio corporation.

	 	 	 	 	 
	 	 	 
	 	                                              /s/  Beth Ela Wilkens
 	 
	 	(official signature and seal of notary) 	 
	 
	 	My commission expires:

 	 
	 
	 	

[Notarial Seal] 	 

[Acknowledgment to Masters Securities Pledge Agreement]

 

 

	 	 	 	 	 
	 	JP MORGAN CHASE BANK, NATIONAL ASSOCIATION,
as Administrative Agent
 	 
	 
	 	By:  	/s/  Benedict A. Smith
 	 
	 	 	Name:  	Benedict A. Smith 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Signature Page to Masters Securities Pledge Agreement]

 

 

      The undersigned Issuers hereby join in the above Agreement for the sole purpose
of consenting to and being bound by the provisions of Sections 4.1, 7 and 8 hereof, the
undersigned hereby agreeing to cooperate fully and in good faith with
the Administrative Agent and Pledgors in carrying out such provisions.

	 	 	 	 	 
	 	HARRIS INTERACTIVE INTERNATIONAL INC.

 	 
	 	By:  	/s/  Marc H. Levin
 	 
	 	 	Name:  	Marc H. Levin 	 
	 	 	Title:  	Secretary 	 
	 
	 	WIRTHLIN WORLDWIDE, LLC

By Harris Interactive Inc., its sole Member

 	 
	 	By:  	/s/  Marc H. Levin
 	 
	 	 	Name:  	Marc H. Levin 	 
	 	 	Title:  	Secretary 	 
	 
	 	THE WIRTHLIN GROUP INTERNATIONAL, L.L.C.

By Wirthlin Worldwide, LLC, its sole Member

By Harris Interactive Inc., its sole Member

 	 
	 	By:  	/s/  Marc H. Levin
 	 
	 	 	Name:  	Marc H. Levin 	 
	 	 	Title:  	Secretary 	 
	 
	 	LOUIS HARRIS & ASSOCIATES, INC.

 	 
	 	By:  	/s/  Marc H. Levin
 	 
	 	 	Name:  	Marc H. Levin 	 
	 	 	Title:  	Secretary 	 
	 

[Signature Page to Masters Securities Pledge Agreement]

 

 

	 	 	 	 	 
	 	

GSBC OHIO CORPORATION

 	 
	 	By:  	/s/  Marc H. Levin
 	 
	 	 	Name:  	Marc H. Levin 	 
	 	 	Title:  	Secretary 	 
	 
	 	HARRIS INTERACTIVE ASIA, LLC

By Wirthlin Worldwide, LLC, its sole Member

By Harris Interactive Inc., its sole Member

 	 
	 	By:  	/s/  Marc H. Levin
 	 
	 	 	Name:  	Marc H. Levin 	 
	 	 	Title:  	Secretary 	 
	 
	 	WIRTHLIN UK LIMITED

 	 
	 	By:  	/s/  Kimberly Till
 	 
	 	 	Name:  	Kimberly Till 	 
	 	 	Title:  	Director 	 
	 
	 	HARRIS INTERACTIVE SAS

 	 
	 	By:  	/s/  Robert Salvoni
 	 
	 	 	Name:  	Robert Salvoni 	 
	 	 	Title:  	President 	 
	 
	 	HARRIS INTERACTIVE AG

 	 
	 	By:  	/s/  Kimberly Till
 	 
	 	 	Name:  	Kimberly Till 	 
	 	 	Title:  	President 	 
	 
	 	2144798 ONTARIO INC.

 	 
	 	By:  	/s/  Marc H. Levin
 	 
	 	 	Name:  	Marc H. Levin 	 
	 	 	Title:  	Secretary 	 
	 

[Signature Page to Masters Securities Pledge Agreement]

 

 

	 	 	 	 	 
	 	HARRIS INTERACTIVE ASIA (HOLDINGS) LIMITED

 	 
	 	By:  	/s/  Marc H. Levin
 	 
	 	 	Name:  	Marc H. Levin 	 
	 	 	Title:  	Secretary 	 
	 

[Signature Page to Masters Securities Pledge Agreement]

 

 

ANNEX A TO PLEDGE AGREEMENT

None of the Issuers has any authorized, issued or outstanding shares of its capital stock,
membership interests, partnership interests or other equity interests of any class or any
commitments to issue any shares of its capital stock, membership interests, partnership interests
or other equity interests of any class or any securities convertible into or exchangeable for any
shares of its capital stock, membership interests, partnership interests or other equity interests
of any class except as otherwise stated in this Annex A.

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Number of	 	Number of	 	Number of	 	Par or
	 	 	Record	 	Class of	 	Authorized	 	Issued	 	Outstanding	 	Liquidation
	Issuer	 	Owner	 	Shares	 	Shares	 	Shares	 	Shares	 	Value
	Louis Harris & Associates, Inc.
	 	Harris Interactive Inc.	 	Common	 	200	 	10	 	10	 	No Par
	Harris Interactive International Inc.
	 	Harris Interactive Inc.	 	Common	 	3,000	 	100	 	100	 	$.01
	GSBC Ohio Corporation
	 	Harris Interactive Inc.	 	Common	 	100	 	100	 	100	 	No Par
	Wirthlin UK Limited
	 	The Wirthlin Group International, L.L.C.	 	Ordinary Shares	 	1,000,000	 	874,939	 	874,939	 	£1
	Harris Interactive SAS
	 	Harris Interactive International Inc.	 	Shares	 	102,656 shares	 	102,656 shares	 	102,656 shares	 	€1
	Harris Interactive AG
	 	Harris Interactive International Inc.	 	Registered No Par Value Shares	 	35,775 registered shares	 	35,775	 	32,706	 	No Par
	2144798 Ontario Inc.
	 	Harris Interactive International Inc.	 	Common	 	Unlimited	 	100	 	100	 	No Par
	Harris Interactive Asia (Holdings) Limited
	 	Harris Interactive International Inc.	 	Shares	 	1,000	 	1	 	1	 	HK$1

 

 

	 	 	 	 	 	 	 
	 	 	Record	 	 	 	 
	Issuer	 	Owner	 	Interest	 	Percentage Interest
	Wirthlin Worldwide, LLC
	 	Harris Interactive Inc.	 	Membership	 	100%
	Harris Interactive Asia, LLC
	 	Wirthlin Worldwide, LLC	 	Membership	 	100%
	The Wirthlin Group International, L.L.C.
	 	Wirthlin Worldwide, LLC	 	Membership	 	100%exv10w4

Exhibit 10.4

AMENDED AND RESTATED MASTER SECURITY AGREEMENT

     This AMENDED AND RESTATED MASTER SECURITY AGREEMENT (this “Agreement”), dated as of
June 30, 2010, among HARRIS INTERACTIVE INC., a Delaware corporation (the “Borrower”),
HARRIS INTERACTIVE INTERNATIONAL INC., a Delaware corporation (“Harris International”),
WIRTHLIN WORLDWIDE, LLC, a Delaware limited liability company (“Wirthlin Worldwide”), THE
WIRTHLIN GROUP INTERNATIONAL, L.L.C., a Delaware limited liability company (“Wirthlin
Group”), LOUIS HARRIS & ASSOCIATES, INC., a New York corporation (“Louis Harris”),
HARRIS INTERACTIVE ASIA, LLC, a Delaware limited liability company (“Harris Asia”), GSBC
OHIO CORPORATION, an Ohio corporation (“GSBC”) and each other Person who joins this
Agreement pursuant to Section 25 hereof (each other Person, together with the Borrower, Harris
International, Wirthlin Worldwide, Wirthlin Group, Louis Harris, Harris Asia and GSBC,
collectively, the “Grantors”, and individually, a “Grantor”) and JPMORGAN CHASE
BANK, NATIONAL ASSOCIATION, as administrative agent (hereinafter, in such capacity, the
“Administrative Agent”) for itself and the Secured Parties, including the other lending
institutions (hereinafter, collectively, the “Lenders”) which are or may become parties to that
certain Amended and Restated Credit Agreement dated as of June 30, 2010 (as amended and in effect
from time to time, the “Credit Agreement”), among the Borrower, the Lenders, the Issuing
Bank and the Administrative Agent.

     WHEREAS, the Borrower, the lenders party thereto (the “Existing Lenders”), and the
Administrative Agent, as administrative agent for the Existing Lenders, are parties to that certain
Credit Agreement dated as of September 21, 2007 (as amended, the “Existing Credit
Agreement”), pursuant to which the Existing Lenders have made loans and other extensions of
credit to the Borrower;

     WHEREAS, the Borrower, the Lenders, the Issuing Bank and the Administrative Agent have agreed
to amend and restate the Existing Credit Agreement in its entirety pursuant to the Credit
Agreement, and the Existing Credit Agreement shall remain in full force and effect only as set
forth in the Credit Agreement;

     WHEREAS pursuant to a Master Security Agreement, dated as of February 5, 2009, by and among
the Grantors and the Administrative Agent (as amended and in effect from time to time, the
“Existing Security Agreement”), each Grantor granted to the Administrative Agent for the
benefit of the Secured Parties, a lien on and security interest in all of its assets in order to
secure the payment and performance in full of all the Obligations;

     WHEREAS, the Grantors and the Administrative Agent wish to continue and confirm the grants of
liens and security interests by the Grantors in favor of the Administrative Agent for the benefit
of the Secured Parties as set forth in the Existing Security Agreement;

     WHEREAS, it is a condition precedent to the Lenders’ making of Loans and otherwise extending
credit to the Borrower and to the Issuing Bank issuing, extending, or renewing Letters of Credit
for the benefit of the Borrower under the Credit Agreement, and in connection therewith permitting
certain transactions involving the other Grantors and their respective

 

 

Subsidiaries thereunder, that the Grantors execute and deliver to the Administrative Agent,
for the benefit of the Secured Parties and the Administrative Agent, an amended and restated
security agreement in substantially the form hereof; and

     WHEREAS, the Grantors and the Administrative Agent now wish to amend and restate the Existing
Security Agreement for the benefit of the Secured Parties and the Administrative Agent, as herein
provided, which shall supersede the Existing Security Agreement;

     NOW, THEREFORE, in consideration of the promises contained herein and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree that the Existing Security Agreement is hereby amended and restated as follows:

     1. Definitions. All capitalized terms used herein without definitions shall have the
respective meanings provided therefor in the Credit Agreement. The term “State”, as used
herein, means the State of New York. All terms defined in the Uniform Commercial Code of the State
and used herein shall have the same definitions herein as specified therein. However, if a term is
defined in Article 9 of the Uniform Commercial Code of the State differently than in another
Article of the Uniform Commercial Code of the State, the term has the meaning specified in Article
9. The term “electronic document” applies in the event that the 2003 revisions to Article 7, with
amendments to Article 9, of the Uniform Commercial Code, in substantially the form approved by the
American Law Institute and the National Conference of Commissioners on Uniform State Laws, are now
or hereafter adopted and become effective in the State or in any other relevant jurisdiction.

     2. Grant of Security Interest.

     2.1. Grant; Collateral Description. Each Grantor (a) hereby ratifies and
affirms the grant and pledge of security interests made pursuant to the Existing Security
Agreement, and (b) to the extent not covered in clause (a), hereby grants to the
Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent,
to secure the payment and performance in full of all of the Obligations, a security interest
in and pledges and assigns to the Administrative Agent, for the benefit of the Secured
Parties and the Administrative Agent, the following properties, assets and rights of such
Grantor, wherever located, whether now owned or hereafter acquired or arising, and all
proceeds and products thereof (all of the same being hereinafter
called the “Collateral”):
all personal and fixture property of every kind and nature including all goods (including
inventory, equipment and any accessions thereto), instruments (including promissory notes),
documents (including, if applicable, electronic documents), accounts (including
health-care-insurance receivables), chattel paper (whether tangible or electronic), deposit
accounts, letter-of-credit rights (whether or not the letter of credit is evidenced by a
writing), commercial tort claims, securities and all other investment property, supporting
obligations, any other contract rights or rights to the payment of money, insurance claims
and proceeds, and all general intangibles (including all payment intangibles).

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     2.2. Commercial Tort Claims. The Administrative Agent acknowledges that the
attachment of its security interest in any commercial tort claim as original collateral is
subject to the applicable Grantor’s’ compliance with §4.7.

     3. Authorization to File Financing Statements. Each Grantor hereby irrevocably
authorizes the Administrative Agent at any time and from time to time to file in any filing office
in any Uniform Commercial Code jurisdiction any initial financing statements and amendments thereto
that (a) indicate the Collateral (i) as all assets of such Grantor or words of similar effect,
regardless of whether any particular asset comprised in the Collateral falls within the scope of
Article 9 of the Uniform Commercial Code of the State or such jurisdiction, or (ii) as being of an
equal or lesser scope or with greater detail, and (b) provide any other information required by
part 5 of Article 9 of the Uniform Commercial Code of the State or such other jurisdiction for the
sufficiency or filing office acceptance of any financing statement or amendment, including (i)
whether such Grantor is an organization, the type of organization and any organizational
identification number issued to such Grantor and, (ii) in the case of a financing statement filed
as a fixture filing or indicating Collateral as as-extracted collateral or timber to be cut, a
sufficient description of real property to which the Collateral relates. Each Grantor agrees to
furnish any such information to the Administrative Agent promptly upon request. Each Grantor also
ratifies its authorization for the Administrative Agent to have filed in any Uniform Commercial
Code jurisdiction any like initial financing statements or amendments thereto if filed prior to the
date hereof.

     4. Other Actions. Further to insure the attachment, perfection and first priority of,
and the ability of the Administrative Agent to enforce, the Administrative Agent’s security
interest in the Collateral, each Grantor agrees, in each case at such Grantor’s expense, to take
the following actions with respect to the following Collateral and without limitation on such
Grantor’s other obligations contained in this Agreement:

     4.1. Promissory Notes and Tangible Chattel Paper. If any Grantor shall, now or
at any time hereafter, hold or acquire any promissory notes or tangible chattel paper, such
Grantor shall forthwith endorse, assign and deliver the same to the Administrative Agent,
accompanied by such instruments of transfer or assignment duly executed in blank as the
Administrative Agent may from time to time specify.

     4.2. Deposit Accounts. For each deposit account that any Grantor, now or at
any time hereafter, opens or maintains, such Grantor shall, at the Administrative Agent’s
request and option, pursuant to an agreement in form and substance satisfactory to the
Administrative Agent, either (a) cause the depositary bank to agree to comply without
further consent of such Grantor, at any time with instructions from the Administrative Agent
to such depositary bank directing the disposition of funds from time to time credited to
such deposit account, or (b) arrange for the Administrative Agent to become the customer of
the depositary bank with respect to the deposit account, with such Grantor being permitted,
only with the consent of the Administrative Agent, to exercise rights to withdraw funds from
such deposit account. The Administrative Agent agrees with each Grantor that the
Administrative Agent shall not give any such instructions or withhold any withdrawal rights
from such Grantor, unless an Event of Default has

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occurred and is continuing, or, if effect were given to any withdrawal not otherwise
permitted by the Loan Documents, would occur. The provisions of this paragraph shall not
apply to any deposit accounts specially and exclusively used for payroll, payroll taxes and
other employee wage and benefit payments to or for the benefit of the Grantors’ salaried
employees.

     4.3. Investment Property. If any Grantor shall, now or at any time hereafter,
hold or acquire any certificated securities, such Grantor shall forthwith endorse, assign
and deliver the same to the Administrative Agent, accompanied by such instruments of
transfer or assignment duly executed in blank as the Administrative Agent may from time to
time specify. If any securities now or hereafter acquired by any Grantor are uncertificated
and are issued to such Grantor or its nominee directly by the issuer thereof, such Grantor
shall immediately notify the Administrative Agent thereof and, at the Administrative Agent’s
request and option, pursuant to an agreement in form and substance satisfactory to the
Administrative Agent, either (a) cause the issuer to agree to comply without further consent
of such Grantor or such nominee, at any time with instructions from the Administrative Agent
as to such securities, or (b) arrange for the Administrative Agent to become the registered
owner of the securities. If any securities, whether certificated or uncertificated, or
other investment property now or hereafter acquired by any Grantor are held by such Grantor
or its nominee through a securities intermediary or commodity intermediary, such Grantor
shall immediately notify the Administrative Agent thereof and, at the Administrative Agent’s
request and option, pursuant to an agreement in form and substance satisfactory to the
Administrative Agent, either (i) cause such securities intermediary or (as the case may be)
commodity intermediary to agree to comply, in each case without further consent of such
Grantor or such nominee, at any time with entitlement orders or other instructions from the
Administrative Agent to such securities intermediary as to such securities or other
investment property, or (as the case may be) to apply any value distributed on account of
any commodity contract as directed by the Administrative Agent to such commodity
intermediary, or (ii) in the case of financial assets or other investment property held
through a securities intermediary, arrange for the Administrative Agent to become the
entitlement holder with respect to such investment property, with such Grantor being
permitted, only with the consent of the Administrative Agent, to exercise rights to withdraw
or otherwise deal with such investment property. The Administrative Agent agrees with each
Grantor that the Administrative Agent shall not give any such entitlement orders or
instructions or directions to any such issuer, securities intermediary or commodity
intermediary, and shall not withhold its consent to the exercise of any withdrawal or
dealing rights by such Grantor, unless an Event of Default has occurred and is continuing,
or, after giving effect to any such investment and withdrawal rights not otherwise permitted
by the Loan Documents, would occur. The provisions of this paragraph shall not apply to any
financial assets credited to a securities account for which the Administrative Agent is the
securities intermediary.

     4.4. Collateral in the Possession of a Bailee. If any Collateral is, now or at
any time hereafter, in the possession of a bailee, the applicable Grantor shall promptly
notify the Administrative Agent thereof and, at the Administrative Agent’s request and

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option, shall promptly obtain an acknowledgement from the bailee, in form and substance
satisfactory to the Administrative Agent, that the bailee holds such Collateral for the
benefit of the Administrative Agent and such bailee’s agreement to comply, without further
consent of the applicable Grantor, at any time with instructions of the Administrative Agent
as to such Collateral. The Administrative Agent agrees with each Grantor that the
Administrative Agent shall not give any such instructions unless an Event of Default has
occurred and is continuing or would occur after taking into account any action by such
Grantor with respect to the bailee.

     4.5. Electronic Chattel Paper, Electronic Documents and Transferable Records.
If any Grantor, now or at any time hereafter, holds or acquires an interest in any
electronic chattel paper, any electronic document or any “transferable record,” as that term
is defined in Section 201 of the federal Electronic Signatures in Global and National
Commerce Act, or in §16 of the Uniform Electronic Transactions Act as in effect in any
relevant jurisdiction, such Grantor shall promptly notify the Administrative Agent thereof
and, at the request and option of the Administrative Agent, shall take such action as the
Administrative Agent may reasonably request to vest in the Administrative Agent control,
under §9-105 of the Uniform Commercial Code of the State or any other relevant jurisdiction,
of such electronic chattel paper, control, under §7-106 of the Uniform Commercial Code of
the State or any other relevant jurisdiction, of such electronic document or control, under
Section 201 of the federal Electronic Signatures in Global and National Commerce Act or, as
the case may be, §16 of the Uniform Electronic Transactions Act, as so in effect in such
jurisdiction, of such transferable record. The Administrative Agent agrees with the
applicable Grantor that the Administrative Agent will arrange, pursuant to procedures
satisfactory to the Administrative Agent and so long as such procedures will not result in
the Administrative Agent’s loss of control, for such Grantor to make alterations to the
electronic chattel paper, electronic document or transferable record permitted under UCC
§9-105, UCC §7-106, or, as the case may be, Section 201 of the federal Electronic Signatures
in Global and National Commerce Act or §16 of the Uniform Electronic Transactions Act for a
party in control to make without loss of control, unless an Event of Default has occurred
and is continuing or would occur after taking into account any action by such Grantor with
respect to such electronic chattel paper, electronic document or transferable record. The
provisions of this §4.5 relating to electronic documents and “control” under UCC §7-106
apply in the event that the 2003 revisions to Article 7, with amendments to Article 9, of
the Uniform Commercial Code, in substantially the form approved by the American Law
Institute and the National Conference of Commissioners on Uniform State Laws, are now or
hereafter adopted and become effective in the State or in any other relevant jurisdiction.

     4.6. Letter-of-Credit Rights. If any Grantor is, now or at any time hereafter,
a beneficiary under a letter of credit now or hereafter, such Grantor shall promptly notify
the Administrative Agent thereof and, at the request and option of the Administrative Agent,
such Grantor shall, pursuant to an agreement in form and substance satisfactory to the
Administrative Agent, either (a) arrange for the issuer and any confirmer of such letter of
credit to consent to an assignment to the Administrative Agent of the proceeds of the letter
of credit or (b) arrange for the Administrative Agent to become the transferee

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beneficiary of the letter of credit, with the Administrative Agent agreeing, in each
case, that the proceeds of the letter of credit are to be applied as provided in the Credit
Agreement.

     4.7. Commercial Tort Claims. If any Grantor shall, now or at any time
hereafter, hold or acquire a commercial tort claim, such Grantor shall immediately notify
the Administrative Agent in a writing signed by such Grantor of the particulars thereof and
grant to the Administrative Agent, for the benefit of the Secured Parties and the
Administrative Agent, in such writing a security interest therein and in the proceeds
thereof, all upon the terms of this Agreement, with such writing to be in form and substance
satisfactory to the Administrative Agent.

     4.8. Other Actions as to any and all Collateral. Each Grantor further agrees,
upon the request of the Administrative Agent and at the Administrative Agent’s option, to
take any and all other actions as the Administrative Agent may determine to be necessary or
useful for the attachment, perfection and first priority of, and the ability of the
Administrative Agent to enforce, the Administrative Agent’s security interest in any and all
of the Collateral, including (a) executing, delivering and, where appropriate, filing
financing statements and amendments relating thereto under the Uniform Commercial Code of
any relevant jurisdiction, to the extent, if any, that any Grantor’s signature thereon is
required therefor, (b) causing the Administrative Agent’s name to be noted as secured party
on any certificate of title for a titled good if such notation is a condition to attachment,
perfection or priority of, or ability of the Administrative Agent to enforce, the
Administrative Agent’s security interest in such Collateral, (c) complying with any
provision of any statute, regulation or treaty of the United States as to any Collateral if
compliance with such provision is a condition to attachment, perfection or priority of, or
ability of the Administrative Agent to enforce, the Administrative Agent’s security interest
in such Collateral, (d) obtaining governmental and other third party waivers, consents and
approvals, in form and substance satisfactory to the Administrative Agent, including any
consent of any licensor, lessor or other person obligated on Collateral, (e) obtaining
waivers from mortgagees and landlords in form and substance satisfactory to the
Administrative Agent and (f) taking all actions under any earlier versions of the Uniform
Commercial Code or under any other law, as reasonably determined by the Administrative Agent
to be applicable in any relevant Uniform Commercial Code or other jurisdiction, including
any foreign jurisdiction.

     5. Relation to Other Collateral Documents. The provisions of this Agreement
supplement the provisions of any real estate mortgage or deed of trust granted by the Grantors to
the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, and
which secures the payment or performance of any of the Obligations. Nothing contained in any such
real estate mortgage or deed of trust shall derogate from any of the rights or remedies of the
Administrative Agent or any of the Secured Parties hereunder. In addition, to the provisions of
this Agreement being so read and construed with any such mortgage or deed of trust, the provisions
of this Agreement shall be read and construed with the other Collateral Documents referred to below
in the manner so indicated.

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     5.1. Pledge Agreement. Concurrently herewith certain Grantors are executing
and delivering to the Administrative Agent, for the benefit of the Secured Parties and the
Administrative Agent, a Pledge Agreement pursuant to which such Grantors are ratifying and
affirming such Grantors’ pledge and pledging to the Administrative Agent shares of the
capital stock of certain of such Grantors’ Subsidiaries (as defined in the Pledge
Agreement). Such pledges shall be governed by the terms of such Pledge Agreement and not by
the terms of this Agreement.

     5.2. Patent and Trademark Security Agreements. Concurrently herewith certain
Grantors are executing and delivering to the Administrative Agent, for the benefit of the
Secured Parties and the Administrative Agent, a Patent Security Agreement and Trademark
Security Agreements pursuant to which such Grantors are ratifying and affirming such
Grantors’ pledge and assigning to the Administrative Agent, for the benefit of the Secured
Parties and the Administrative Agent, certain Collateral consisting of patents and patent
rights and trademarks, service marks and trademark and service mark rights, together with
the goodwill appurtenant thereto. The provisions of the Patent Security Agreement and the
Trademark Security Agreement are supplemental to the provisions of this Agreement, and
nothing contained in the Patent Security Agreement or the Trademark Security Agreement shall
derogate from any of the rights or remedies of the Administrative Agent or any of the
Secured Parties hereunder. Neither the delivery of, nor anything contained in, the Patent
Security Agreement or the Trademark Security Agreement shall be deemed to prevent or
postpone the time of attachment or perfection of any security interest in such Collateral
created hereby.

     5.3. Copyright Memorandum. Each Grantor hereby represents and warrants to the
Administrative Agent and the other Secured Parties that it has no registered copyrights as
of the date hereof. Each Grantor covenants, promptly following such Grantor’s acquisition
of any registered copyrights, to provide to the Administrative Agent identification of such
copyrights and, upon the request of the Administrative Agent with respect to any registered
copyrights reasonably deemed material by the Administrative Agent, to execute and deliver to
the Administrative Agent, for the benefit of the Secured Parties, a Copyright Memorandum for
the benefit of the Secured Parties, in respect of such registrations.

     6. Representations and Warranties Concerning Grantors’ Legal Status. Each Grantor has
previously delivered to the Administrative Agent a certificate signed by such Grantor and entitled
“Perfection Certificate” (the “Perfection Certificate”). Each Grantor represents and warrants to
the Secured Parties and the Administrative Agent as follows: (a) such Grantor’s exact legal name is
that indicated on the Perfection Certificate and on the signature page hereof, (b) such Grantor is
an organization of the type, and is organized in the jurisdiction, set forth in the Perfection
Certificate, (c) the Perfection Certificate accurately sets forth such Grantor’s organizational
identification number or accurately states that such Grantor has none, (d) the Perfection
Certificate accurately sets forth such Grantor’s place of business or, if more than one, its chief
executive office, as well as such Grantor’s mailing address, if different, (e) all other
information set forth on the Perfection Certificate pertaining to such Grantor is accurate

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and complete, and (f) there has been no change in any of such information since the date on
which the Perfection Certificate was signed by such Grantor.

     7. Covenants Concerning Grantors’ Legal Status. Each Grantor covenants with the
Secured Parties and the Administrative Agent as follows: (a) without providing at least thirty (30)
days prior written notice to the Administrative Agent, no Grantor will change its name, its place
of business or, if more than one, chief executive office, or its mailing address or organizational
identification number if it has one, (b) if any Grantor does not have an organizational
identification number and later obtains one, such Grantor will forthwith notify the Administrative
Agent of such organizational identification number, and (c) no Grantor will change its type of
organization, jurisdiction of organization or other legal structure.

     8. Representations and Warranties Concerning Collateral, Etc. Each Grantor further
represents and warrants to the Secured Parties and the Administrative Agent as follows: (a) such
Grantor is the owner of the Collateral, free from any right or claim of any person or any adverse
lien, except for the security interest created by this Agreement and other Liens permitted by §6.2
of the Credit Agreement, (b) none of the Collateral constitutes, or is the proceeds of, “farm
products” as defined in §9-102(a)(34) of the Uniform Commercial Code of the State, (c) none of the
account debtors or other persons obligated on any of the Collateral is a governmental authority
covered by the Federal Assignment of Claims Act or like federal, state or local statute or rule in
respect of such Collateral, (d) no Grantor holds any commercial tort claim except as indicated on
the Perfection Certificate, (e) such Grantor has at all times operated its business in compliance
with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all
applicable provisions of federal, state and local statutes and ordinances dealing with the control,
shipment, storage or disposal of hazardous materials or substances, (f) all other information set
forth on the Perfection Certificate pertaining to the Collateral is accurate and complete, and (g)
there has been no change in any of such information since the date on which the Perfection
Certificate was signed by such Grantor.

     9. Covenants Concerning Collateral, Etc. Each Grantor further covenants with the
Secured Parties and the Administrative Agent as follows: (a) the Collateral, to the extent not
delivered to the Administrative Agent pursuant to §4, will be kept at those locations listed on the
Perfection Certificate and the Grantors will not remove the Collateral from such locations, without
providing at least 30 days prior written notice to the Administrative Agent, (b) except for the
security interest herein granted and Liens permitted by §6.2 of the Credit Agreement, such Grantor
shall be the owner of the Collateral free from any right or claim of any other person or any lien,
and such Grantor shall defend the same against all claims and demands of all persons at any time
claiming the same or any interests therein adverse to the Administrative Agent or any of the
Secured Parties, (c) such Grantor shall not pledge, mortgage or create, or suffer to exist any
right of any person in or claim by any person to the Collateral, or any lien in the Collateral in
favor of any person, or become bound (as provided in Section 9-203(d) of the Uniform Commercial
Code of the State or any other relevant jurisdiction or otherwise) by a security agreement in favor
of any person as secured party, other than the Administrative Agent except for Liens permitted by
§6.2 of the Credit Agreement, (d) such Grantor will keep the Collateral in good order and repair
and will not use the same in violation of law or any policy of insurance thereon, (e) such Grantor
will permit the Administrative Agent, or its designee, to inspect the

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Collateral at any reasonable time, wherever located, (f) such Grantor will pay promptly when
due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in
connection with the use or operation of the Collateral or incurred in connection with this
Agreement, (g) such Grantor will continue to operate, its business in compliance with all
applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable
provisions of federal, state and local statutes and ordinances dealing with the control, shipment,
storage or disposal of hazardous materials or substances, and (h) such Grantor will not sell or
otherwise dispose, or offer to sell or otherwise dispose, of the Collateral or any interest therein
except for dispositions permitted by the Credit Agreement.

     10. Insurance.

     10.1. Maintenance of Insurance. Each Grantor will maintain with financially
sound and reputable insurers insurance with respect to its properties and business against
such casualties and contingencies as shall be in accordance with general practices of
businesses engaged in similar activities in similar geographic areas. Such insurance shall
be in such minimum amounts that such Grantor will not be deemed a co-insurer under
applicable insurance laws, regulations and policies and otherwise shall be in such amounts,
contain such terms, be in such forms and be for such periods as may be reasonably
satisfactory to the Administrative Agent. In addition, all such insurance shall be payable
to the Administrative Agent as loss payee under a “standard” or “New York” loss payee clause
for the benefit of the Secured Parties and the Administrative Agent. Without limiting the
foregoing, each Grantor will (a) keep all of its physical property insured with casualty or
physical hazard insurance on an “all risks” basis, with broad form flood and earthquake
coverages and electronic data processing coverage, with a full replacement cost endorsement
and an “agreed amount” clause in an amount equal to 100% of the full replacement cost of
such property, (b) maintain all such workers’ compensation or similar insurance as may be
required by law and (c) maintain, in amounts and with deductibles equal to those generally
maintained by businesses engaged in similar activities in similar geographic areas, general
public liability insurance against claims of bodily injury, death or property damage
occurring, on, in or about the properties of the Grantors, business interruption insurance,
and product liability insurance.

     10.2. Insurance Proceeds. The proceeds of any casualty insurance in respect of
any casualty loss of any of the Collateral shall, subject to the rights, if any, of other
parties with an interest having priority in the property covered thereby, (a) so long as no
Default or Event of Default has occurred and is continuing be disbursed to the applicable
Grantor for direct application by such Grantor solely to the repair or replacement of such
Grantor’s property so damaged or destroyed except to the extent such proceeds are required
to be applied to the Obligations as provided by the terms of the Credit Agreement, and (b)
in all other circumstances, be held by the Administrative Agent as cash collateral for the
Obligations. The Administrative Agent may, at its sole option, disburse from time to time
all or any part of such proceeds so held as cash collateral, upon such terms and conditions
as the Administrative Agent may reasonably prescribe, for direct application by the
applicable Grantor solely to the repair or replacement of such

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Grantor’s property so damaged or destroyed, or the Administrative Agent may apply all
or any part of such proceeds held as cash collateral to the Obligations with the Commitment
(if not then terminated) being reduced by the amount so applied to the Obligations.

     10.3. Continuation of Insurance. All policies of insurance shall provide for
at least thirty (30) days prior written cancellation notice to the Administrative Agent. In
the event of failure by the Grantors to provide and maintain insurance as herein provided,
the Administrative Agent may, at its option, provide such insurance and charge the amount
thereof to the Grantors. The Grantors shall furnish the Administrative Agent with
certificates of insurance and policies evidencing compliance with the foregoing insurance
provision.

     11. Collateral Protection Expenses; Preservation of Collateral.

     11.1. Expenses Incurred by Administrative Agent. In the Administrative Agent’s
discretion, the Administrative Agent may discharge taxes and other encumbrances at any time
levied or placed on any of the Collateral, maintain any of the Collateral, make repairs
thereto and pay any necessary filing fees or insurance premiums, in each case if any Grantor
fails to do so. Each Grantor agrees to reimburse the Administrative Agent on demand for all
expenditures so made. The Administrative Agent shall have no obligation to the Grantors to
make any such expenditures, nor shall the making thereof be construed as a waiver or cure of
any Default or Event of Default.

     11.2. Administrative Agent’s Obligations and Duties. Anything herein to the
contrary notwithstanding, each Grantor shall remain obligated and liable under each contract
or agreement comprised in the Collateral to be observed or performed by such Grantor
thereunder. Neither the Administrative Agent nor any Secured Party shall have any
obligation or liability under any such contract or agreement by reason of or arising out of
this Agreement or the receipt by the Administrative Agent or any Secured Party of any
payment relating to any of the Collateral, nor shall the Administrative Agent or any Secured
Party be obligated in any manner to perform any of the obligations of such Grantor under or
pursuant to any such contract or agreement, to make inquiry as to the nature or sufficiency
of any payment received by the Administrative Agent or any Secured Party in respect of the
Collateral or as to the sufficiency of any performance by any party under any such contract
or agreement, to present or file any claim, to take any action to enforce any performance or
to collect the payment of any amounts which may have been assigned to the Administrative
Agent or to which the Administrative Agent or any Secured Party may be entitled at any time
or times. The Administrative Agent’s sole duty with respect to the custody, safe keeping
and physical preservation of the Collateral in its possession, under §9-207 of the Uniform
Commercial Code of the State or otherwise, shall be to deal with such Collateral in the same
manner as the Administrative Agent deals with similar property for its own account.

     12. Securities and Deposits. The Administrative Agent may at any time following and
during the continuance of a Default and Event of Default, at its option, transfer to itself or

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any nominee any securities constituting Collateral, receive any income thereon and hold such
income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are
due, the Administrative Agent may following and during the continuance of a Default and Event of
Default demand, sue for, collect, or make any settlement or compromise which it deems desirable
with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for
the Obligations, any deposits or other sums at any time credited by or due from the Administrative
Agent or any Secured Party to the Grantors may at any time be applied to or set off against any of
the Obligations then due and owing.

     13. Notification to Account Debtors and Other Persons Obligated on Collateral. If a
Default or an Event of Default shall have occurred and be continuing, each Grantor shall, at the
request and option of the Administrative Agent, notify account debtors and other persons obligated
on any of the Collateral of the security interest of the Administrative Agent in any account,
chattel paper, general intangible, instrument or other Collateral and that payment thereof is to be
made directly to the Administrative Agent or to any financial institution designated by the
Administrative Agent as the Administrative Agent’s agent therefor, and the Administrative Agent may
itself, if a Default or an Event of Default shall have occurred and be continuing, without notice
to or demand upon any Grantor, so notify account debtors and other persons obligated on Collateral.
After the making of such a request or the giving of any such notification, the applicable Grantor
shall hold any proceeds of collection of accounts, chattel paper, general intangibles, instruments
and other Collateral received by such Grantor as trustee for the Administrative Agent, for the
benefit of the Secured Parties and the Administrative Agent, without commingling the same with
other funds of any Grantor and shall turn the same over to the Administrative Agent in the
identical form received, together with any necessary endorsements or assignments. The
Administrative Agent shall apply the proceeds of collection of accounts, chattel paper, general
intangibles, instruments and other Collateral received by the Administrative Agent to the
Obligations, such proceeds to be immediately credited after final payment in cash or other
immediately available funds of the items giving rise to them.

     14. Power of Attorney.

     14.1. Appointment and Powers of Administrative Agent. Each Grantor hereby
irrevocably constitutes and appoints the Administrative Agent and any officer or agent
thereof, with full power of substitution, as its true and lawful attorneys-in-fact with full
irrevocable power and authority in the place and stead of such Grantor or in the
Administrative Agent’s own name, for the purpose of carrying out the terms of this
Agreement, to take any and all appropriate action and to execute any and all documents and
instruments that may be necessary or useful to accomplish the purposes of this Agreement
and, without limiting the generality of the foregoing, hereby gives said attorneys the power
and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do the
following:

     (a) upon the occurrence and during the continuance of an Event of Default,
generally to sell, transfer, pledge, make any agreement with respect to or otherwise
dispose of or deal with any of the Collateral in such manner as is consistent with
the Uniform Commercial Code of the State or any other relevant

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jurisdiction and as fully and completely as though the Administrative Agent
were the absolute owner thereof for all purposes, and to do, at the Grantors’
expense, at any time, or from time to time, all acts and things which the
Administrative Agent deems necessary or useful to protect, preserve or realize upon
the Collateral and the Administrative Agent’s security interest therein, in order to
effect the intent of this Agreement, all no less fully and effectively as the
Grantors might do, including (i) the filing and prosecuting of registration and
transfer applications with the appropriate federal, state or local agencies or
authorities with respect to trademarks, copyrights and patentable inventions and
processes, (ii) upon written notice to the applicable Grantor, the exercise of
voting rights with respect to voting securities, which rights may be exercised, if
the Administrative Agent so elects, with a view to causing the liquidation of assets
of the issuer of any such securities and (iii) the execution, delivery and
recording, in connection with any sale or other disposition of any Collateral, of
the endorsements, assignments or other instruments of conveyance or transfer with
respect to such Collateral; and

     (b) to the extent that any Grantor’s authorization given in §3 is not
sufficient, to file such financing statements with respect hereto, with or without
the applicable Grantor’s signature, or a photocopy of this Agreement in substitution
for a financing statement, as the Administrative Agent may deem appropriate and to
execute in the applicable Grantor’s name such financing statements and amendments
thereto and continuation statements which may require such Grantor’s signature.

     14.2. Ratification by the Grantors. To the extent permitted by law, each
Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by
virtue hereof. This power of attorney is a power coupled with an interest and is
irrevocable.

     14.3. No Duty on Administrative Agent. The powers conferred on the
Administrative Agent hereunder are solely to protect the interests of the Administrative
Agent and the Secured Parties in the Collateral and shall not impose any duty upon the
Administrative Agent to exercise any such powers. The Administrative Agent shall be
accountable only for the amounts that it actually receives as a result of the exercise of
such powers, and neither it nor any of its officers, directors, employees or agents shall be
responsible to any Grantor for any act or failure to act, except for the Administrative
Agent’s own gross negligence or willful misconduct.

     15. Rights and Remedies. If an Event of Default shall have occurred and be
continuing, the Administrative Agent, without any other notice to or demand upon the Grantors,
shall have in any jurisdiction in which enforcement hereof is sought, in addition to all other
rights and remedies, the rights and remedies of a secured party under the Uniform Commercial Code
of the State or any other relevant jurisdiction and any additional rights and remedies as may be
provided to a secured party in any jurisdiction in which Collateral is located, including the right
to take possession of the Collateral, and for that purpose the Administrative Agent may, so far as
the Grantors can give authority therefor, enter upon any premises on which the

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Collateral may be situated and remove the same therefrom. The Administrative Agent may in its
discretion require the Grantors to assemble all or any part of the Collateral at such location or
locations within the jurisdiction(s) of the applicable Grantor’s principal offices or at such other
locations as the Administrative Agent may reasonably designate. Unless the Collateral is
perishable or threatens to decline speedily in value or is of a type customarily sold on a
recognized market, the Administrative Agent shall give to the applicable Grantor at least five (5)
Business Days prior written notice of the time and place of any public sale of Collateral or of the
time after which any private sale or any other intended disposition is to be made. Each Grantor
hereby acknowledges that five (5) Business Days prior written notice of such sale or sales shall be
reasonable notice. In addition, each Grantor waives any and all rights that it may have to a
judicial hearing in advance of the enforcement of any of the Administrative Agent’s rights and
remedies hereunder, including its right following an Event of Default to take immediate possession
of the Collateral and to exercise its rights and remedies with respect thereto.

     16. Standards for Exercising Rights and Remedies. To the extent that applicable law
imposes duties on the Administrative Agent to exercise remedies in a commercially reasonable
manner, each Grantor acknowledges and agrees that it is not commercially unreasonable for the
Administrative Agent (a) to fail to incur expenses reasonably deemed significant by the
Administrative Agent to prepare Collateral for disposition or otherwise to fail to complete raw
material or work in process into finished goods or other finished products for disposition, (b) to
fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or, if
not required by other law, to fail to obtain governmental or third party consents for the
collection or disposition of Collateral to be collected or disposed of, (c) to fail to exercise
collection remedies against account debtors or other persons obligated on Collateral or to fail to
remove Liens on or any adverse claims against Collateral, (d) to exercise collection remedies
against account debtors and other persons obligated on Collateral directly or through the use of
collection agencies and other collection specialists, (e) to advertise dispositions of Collateral
through publications or media of general circulation, whether or not the Collateral is of a
specialized nature, (f) to contact other persons, whether or not in the same business as such
Grantor, for expressions of interest in acquiring all or any portion of the Collateral, (g) to hire
one or more professional auctioneers to assist in the disposition of Collateral, whether or not the
collateral is of a specialized nature, (h) to dispose of Collateral by utilizing Internet sites
that provide for the auction of assets of the types included in the Collateral or that have the
reasonable capability of doing so, or that match buyers and sellers of assets, (i) to dispose of
assets in wholesale rather than retail markets, (j) to disclaim disposition warranties, (k) to
purchase insurance or credit enhancements to insure the Administrative Agent against risks of loss,
collection or disposition of Collateral or to provide to the Administrative Agent a guaranteed
return from the collection or disposition of Collateral, or (l) to the extent deemed appropriate by
the Administrative Agent, to obtain the services of brokers, investment bankers, consultants and
other professionals to assist the Administrative Agent in the collection or disposition of any of
the Collateral. Each Grantor acknowledges that the purpose of this §16 is to provide
non-exhaustive indications of what actions or omissions by the Administrative Agent would fulfill
the Administrative Agent’s duties under the Uniform Commercial Code of the State or any other
relevant jurisdiction in the Administrative Agent’s exercise of remedies against the Collateral and
that other actions or omissions by the Administrative Agent shall not be deemed to fail to fulfill
such duties solely on account of not being indicated in this §16. Without

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limitation upon the foregoing, nothing contained in this §16 shall be construed to grant any
rights to the Grantors or to impose any duties on the Administrative Agent that would not have been
granted or imposed by this Agreement or by applicable law in the absence of this §16.

     17. No Waiver by Administrative Agent, etc. The Administrative Agent shall not be
deemed to have waived any of its rights and remedies in respect of the Obligations or the
Collateral unless such waiver shall be in writing and signed by the Administrative Agent with the
consent of the requisite Lenders. No delay or omission on the part of the Administrative Agent in
exercising any right or remedy shall operate as a waiver of such right or remedy or any other right
or remedy. A waiver on any one occasion shall not be construed as a bar to or waiver of any right
or remedy on any future occasion. All rights and remedies of the Administrative Agent with respect
to the Obligations or the Collateral, whether evidenced hereby or by any other instrument or
papers, shall be cumulative and may be exercised singularly, alternatively, successively or
concurrently at such time or at such times as the Administrative Agent deems expedient.

     18. Suretyship Waivers by the Grantors. Each Grantor waives promptness, diligence,
presentment, demand, notice, protest, notice of acceptance of this Agreement, notice of loans made,
credit extended, Collateral received or delivered, notice of any Obligations incurred and any other
notice with respect to any of the Obligations and this Agreement and any requirement that any
Secured Party protect, secure, perfect or insure against any Lien, or any property subject thereto,
or exhaust any right or take any action against any Loan Party or any other Person (including any
other guarantor) or any Collateral securing the Obligations or other action taken in reliance
hereon and all other demands and notices of any description. With respect to both the Obligations
and the Collateral, each Grantor assents to any extension or postponement of the time of payment or
any other indulgence, to any substitution, exchange or release of or failure to perfect any
security interest in any Collateral, to the addition or release of any party or person primarily or
secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising
or adjusting of any thereof, all in such manner and at such time or times as the Administrative
Agent may deem advisable. The Administrative Agent shall have no duty as to the collection or
protection of the Collateral or any income therefrom, the preservation of rights against prior
parties, or the preservation of any rights pertaining thereto beyond the safe custody thereof as
set forth in §11.2. Each Grantor further waives any and all other suretyship defenses and all
defenses which may be available by virtue of any valuation, stay, moratorium law, or other similar
law now or hereafter in effect.

     19. Marshaling. Neither the Administrative Agent nor any Secured Party shall be
required to marshal any present or future collateral security (including but not limited to the
Collateral) for, or other assurances of payment of, the Obligations or any of them or to resort to
such collateral security or other assurances of payment in any particular order, and all of the
rights and remedies of the Administrative Agent or any Secured Party hereunder and of the
Administrative Agent or any Secured Party in respect of such collateral security and other
assurances of payment shall be cumulative and in addition to all other rights and remedies, however
existing or arising. To the extent that it lawfully may, each Grantor hereby agrees that it will
not invoke any law relating to the marshaling of collateral which might cause delay in or impede
the enforcement of the Administrative Agent’s rights and remedies under this Agreement

-14-

 

or under any other instrument creating or evidencing any of the Obligations or under which any
of the Obligations is outstanding or by which any of the Obligations is secured or payment thereof
is otherwise assured, and, to the extent that it lawfully may, each Grantor hereby irrevocably
waives the benefits of all such laws.

     20. Proceeds of Dispositions; Expenses. Each Grantor shall pay to the Administrative
Agent on demand any and all expenses, including reasonable attorneys’ fees and disbursements,
incurred or paid by the Administrative Agent in protecting, preserving or enforcing the
Administrative Agent’s rights and remedies under or in respect of any of the Obligations or any of
the Collateral. After deducting all of said expenses, the residue of any proceeds of collection or
sale or other disposition of Collateral shall, to the extent actually received in cash, be applied
to the payment of the Obligations in such order or preference as the Administrative Agent may
determine, proper allowance and provision being made for any Obligations not then due. Upon the
final payment and satisfaction in full of all of the Obligations and after making any payments
required by Sections 9-608(a)(1)(C) or 9-615(a)(3) of the Uniform Commercial Code of the State, any
excess shall be returned to the Grantors. In the absence of final payment and satisfaction in full
of all of the Obligations, the Grantors shall remain liable for any deficiency.

     21. Overdue Amounts. Until paid, all amounts due and payable by the Grantors
hereunder shall be a debt secured by the Collateral and shall bear, whether before or after
judgment, interest at the rate of interest set forth in §2.12(c) of the Credit Agreement.

     22. Governing Law; Consent to Jurisdiction. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE INTERNAL LAW OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401
AND SECTION 5-1402 OF THE GENERAL OBLIGATIONS LAWS OF THE STATE OF NEW YORK). Each Grantor hereby
irrevocably and unconditionally submits, for itself and its property, to the nonexclusive
jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the
United States District Court of the Southern District of New York, and any appellate court from any
thereof, in any action or proceeding arising out of or relating to this Agreement, or for
recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and
unconditionally agrees that all claims in respect of any such action or proceeding may be heard and
determined in such New York State or, to the extent permitted by law, in such Federal court. Each
of the parties hereto agrees that a final judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other
manner provided by law. Nothing in this Agreement shall affect any right that any Secured Party
may otherwise have to bring any action or proceeding relating to this Agreement against any such
Grantor or its properties in the courts of any jurisdiction. Each Grantor hereby irrevocably and
unconditionally waives, to the fullest extent it may legally and effectively do so, any objection
which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising
out of or relating to this Agreement in any court referred to in this Section. Each of the parties
hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an
inconvenient forum to the maintenance of such action or proceeding in any such court.

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     23. Waiver of Jury Trial. EACH GRANTOR WAIVES ITS RIGHT TO A JURY TRIAL WITH RESPECT
TO ANY ACTION OR CLAIM ARISING OUT OF ANY DISPUTE IN CONNECTION WITH THIS AGREEMENT, ANY RIGHTS OR
OBLIGATIONS HEREUNDER OR THE PERFORMANCE OR ENFORCEMENT OF ANY SUCH RIGHTS OR OBLIGATIONS. Except
as prohibited by law, each Grantor waives any right which it may have to claim or recover in any
litigation referred to in the preceding sentence any special, exemplary, punitive or consequential
damages or any damages other than, or in addition to, actual damages. Each Grantor (a) certifies
that neither the Administrative Agent or any Secured Party nor any representative, agent or
attorney of the Administrative Agent or any Secured Party has represented, expressly or otherwise,
that the Administrative Agent or any Secured Party would not, in the event of litigation, seek to
enforce the foregoing waivers or other waivers contained in this Agreement and (b) acknowledges
that, in entering into the Credit Agreement and the other Loan Documents to which the
Administrative Agent or any Secured Party is a party, the Administrative Agent and the Secured
Parties are relying upon, among other things, the waivers and certifications contained in this §23.

     24. Amendments. No amendment to or waiver of any provision of this Agreement, nor
consent to any departure by any Grantor herefrom, shall in any event be effective unless the same
shall be made in accordance with Section 9.2(b) of the Credit Agreement and with the consent of the
Administrative Agent and the applicable Grantor, and then any such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which given.

     25. Additional Grantors. Other Subsidiaries of the Borrower (“Additional
Grantors”) may hereafter become parties to this Agreement by executing a counterpart hereof,
and there shall be no need to re-execute, amend or restate this Agreement in connection therewith.
Upon such execution and delivery by any Additional Grantor, such Additional Grantor shall be deemed
to have made the representations and warranties set forth in Sections 6 and 8
hereof, and shall be bound by all of the terms, covenants and conditions hereof to the same extent
as if such Additional Grantor had executed this Agreement as of the date hereof, and the
Administrative Agent, for itself and the benefit of the Secured Parties, shall be entitled to all
of the benefits of such Additional Grantor’s obligations hereunder.

     26. Headings. The headings of each section of this Agreement are for convenience only
and shall not define or limit the provisions thereof.

     27. Execution in Counterparts. This Agreement may be executed by the parties hereto
in several counterparts, each of which shall be deemed to be an original and all of which shall
constitute together but one and the same agreement. Delivery of an executed counterpart of a
signature page of this Agreement by telecopy or other electronic method transmission shall be
effective as delivery of a manually executed counterpart of this Agreement.

     28. Severability. If any term of this Agreement shall be held to be invalid, illegal
or unenforceable, the validity of all other terms hereof shall in no way be affected thereby, and
this Agreement shall be construed and be enforceable as if such invalid, illegal or unenforceable
term had not been included herein.

-16-

 

     29. Miscellaneous. This Agreement and all rights and obligations hereunder shall be
binding upon each Grantor and its successors and assigns, and shall inure to the benefit of the
Administrative Agent, the Secured Parties and their respective successors and assigns. Each
Grantor acknowledges receipt of a copy of this Agreement.

     30. Transitional Arrangements. This Agreement shall amend and restate in its entirety
the Existing Security Agreement on the Effective Date. On the Effective Date, all the rights and
obligations of the respective parties under the Existing Security Agreement shall be subsumed
within and governed by this Agreement; provided, that the provisions of the Existing
Security Agreement shall remain in full force and effect prior to the Effective Date, and that the
security interests granted pursuant to the Existing Security Agreement shall continue to be in
effect hereunder as set forth in §2.1(a).

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     IN WITNESS WHEREOF, intending to be legally bound, each Grantor and the Administrative Agent
have caused this Agreement to be duly executed as of the date first above written.

	 	 	 	 	 
	 	HARRIS INTERACTIVE INC.

 	 
	 	By:  	/s/ Eric W. Narowski
 	 
	 	 	Name:  	Eric W. Narowski 	 
	 	 	Title:  	Interim Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	HARRIS INTERACTIVE INTERNATIONAL INC.

 	 
	 	By:  	/s/ Eric W. Narowski
 	 
	 	 	Name:  	Eric W. Narowski 	 
	 	 	Title:  	Interim Chief Financial Officer 	 
	 
	 
	 	WIRTHLIN WORLDWIDE, LLC	 

	 	 	 	 	 
	 	 	 By Harris Interactive Inc., its sole Member
 	 
	 
	 	 	 

	 	 	 	 	 
	 	 	By: 	                  /s/ Eric W. Narowski
 
	 	 	 	Name: Eric W. Narowski 	
	 	 	 	Title: Interim Chief Financial Officer	 
	 
	 
	 	THE WIRTHLIN GROUP INTERNATIONAL, L.L.C.	 
	 
	 	 	By Wirthlin Worldwide, LLC, its sole Member	 
	 
	 	 	By Harris Interactive Inc., its sole Member	 
	 
	 
	 	 	By: 	         /s/ Eric W. Narowski
 
	 	 	 	Name: Eric W. Narowski  	 
	 	 	 	Title: Interim Chief Financial Officer  	 
	 

	 	 	 	 	 
	 	LOUIS HARRIS & ASSOCIATES, INC.

 	 
	 	By: 	/s/ Eric W. Narowski
 	 
	 	 	Name:  	Eric W. Narowski 	 
	 	 	Title:  	Interim Chief Financial Officer 	 
	 

[Signature Page to Master Security Agreement]

 

 

	 	 	 	 	 
	 	GSBC OHIO CORPORATION

 	 
	 	By:  	/s/ Eric W. Narowski
 	 
	 	 	Name:  	Eric W. Narowski 	 
	 	 	Title:  	Interim Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	HARRIS INTERACTIVE ASIA, LLC	 
	 
	 	 	By Wirthlin Worldwide, LLC, its sole Member 	 
	 
	 	 	By Harris Interactive Inc., its sole Member 	 

	 	 	 	 	 
	 	By:  	         /s/ Eric W. Narowski
 	 
	 	 	Name:  	Eric W. Narowski 	 
	 	 	Title:  	Interim Chief Financial Officer 	 
	 

[Signature Page to Master Security Agreement]

 

 

	 	 	 	 	 
	Accepted:

JPMORGAN CHASE BANK, NATIONAL

ASSOCIATION, as Administrative Agent

 	 
	By:  	/s/ Benedict A. Smith
 	 
	 	Name:  	Benedict A. Smith 	 
	 	Title:  	Senior Vice President 	 
	 

[Signature Page to Master Security Agreement]

 

 

CERTIFICATE OF ACKNOWLEDGMENT

	 	 	 	 	 

	STATE OF NEW YORK
	 	)	 	 
	 
	 	)	 	ss.
	COUNTY OF NEW YORK
	 	)	 	 

     On this 24th day of June, 2010, before me, the undersigned notary public, personally appeared
Eric W. Narowski, proved to me through satisfactory evidence of identification, to be the person
whose name is signed on the preceding or attached document, and acknowledged to me that he signed
it voluntarily for its stated purpose as Interim Chief Financial Officer for HARRIS INTERACTIVE
INC., a Delaware corporation, HARRIS INTERACTIVE INTERNATIONAL INC., a Delaware corporation,
WIRTHLIN WORLDWIDE, LLC, a Delaware limited liability company, THE WIRTHLIN GROUP INTERNATIONAL,
L.L.C., a Delaware limited liability company, LOUIS HARRIS & ASSOCIATES, INC., a New York
corporation, HARRIS INTERACTIVE ASIA, LLC, a Delaware limited liability company, and GSBC OHIO
CORPORATION, a Ohio corporation.

	 	 	 	 	 
	 	/s/ Beth Ela Wilkens

(official signature and seal of notary)

 	 
	 	My commission expires:	 	 
	 
	 	 	          [Notarial Seal] 	 
	 	 	 	 
	 

[Acknowledgement to Master Security Agreement]

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