Document:

MSCI Equity Incentive Compensation Plan 2008

 Exhibit 10.30 
 MSCI 
 EQUITY INCENTIVE COMPENSATION PLAN 
 2008 AWARD CERTIFICATE 
 FOR STOCK
UNITS 
 FOR EXECUTIVE OFFICERS 
 AND THE GENERAL COUNSEL 

 TABLE OF CONTENTS 
  
  
  

					
	 	  	 	  	PAGE
	 SECTION 1.
	  	Stock Units Generally.	  	4
	 SECTION 2.
	  	Vesting Schedule; Conversion.	  	4
	 SECTION 3.
	  	Six-Month Delay for Specified Employees.	  	5
	 SECTION 4.
	  	Dividend Equivalent Payments.	  	5
	 SECTION 5.
	  	Death and Disability.	  	6
	 SECTION 6.
	  	Full Career Retirement.	  	6
	 SECTION 7.
	  	Involuntary Termination by the Company.	  	6
	 SECTION 8.
	  	Governmental Service Termination.	  	6
	 SECTION 9.
	  	Qualifying Termination.	  	6
	 SECTION 10.
	  	Qualifying Change in Control.	  	7
	 SECTION 11.
	  	Termination of Employment and Cancellation of Awards.	  	7
	 SECTION 12.
	  	Tax and Other Withholding Obligations.	  	7
	 SECTION 13.
	  	Satisfaction of Obligations.	  	8
	 SECTION 14.
	  	Nontransferability.	  	8
	 SECTION 15.
	  	Designation of a Beneficiary.	  	8
	 SECTION 16.
	  	Ownership and Possession.	  	9
	 SECTION 17.
	  	Securities Law Compliance Matters.	  	9
	 SECTION 18.
	  	Compliance with Laws and Regulations.	  	9
	 SECTION 19.
	  	No Entitlements.	  	9
	 SECTION 20.
	  	Consents under Local Law.	  	10
	 SECTION 21.
	  	Award Modification.	  	10
	 SECTION 22.
	  	Severability.	  	11
	 SECTION 23.
	  	Successors.	  	11
	 SECTION 24.
	  	Governing Law.	  	11
	 SECTION 25.
	  	Rule of Construction for Timing of Conversion.	  	11
	 SECTION 26.
	  	Defined Terms.	  	11

 MSCI 2008 AWARD CERTIFICATE 
 FOR STOCK UNITS 
 FOR EXECUTIVE OFFICERS 
 AND THE GENERAL COUNSEL 
 MSCI has
awarded you stock units as an incentive for you to continue to remain in Employment and provide services to the Company, from the Date of the Award through the Scheduled Vesting Dates, as provided in this Award Certificate. This Award Certificate
sets forth the general terms and conditions of your 2008 stock unit award. 
 The number of stock units in your award has been communicated
to you separately in a term sheet delivered to you. If you are employed outside the United States, you will also receive an “International Tax Supplement” that contains supplemental terms and conditions for your 2008 stock unit award. This
Award Certificate should be read in conjunction with the International Tax Supplement, if applicable, in order for you to understand the terms and conditions of your stock unit award. 
 Your stock unit award is made pursuant to the Plan. References to “stock units” in this Award Certificate mean only those stock units included
in your 2008 stock unit award, and the terms and conditions herein apply only to such award. If you receive any other award under the Plan or another equity compensation plan, it will be governed by the terms and conditions of the applicable award
documentation, which may be different from those herein. 
 The purpose of the stock unit award is, among other things, to align your
interests with the interests of the Company and to reward you for your continued Employment and service to the Company in the future. In view of these purposes, you will earn each portion of your 2008 stock unit award only if you remain in
continuous Employment through the applicable Scheduled Vesting Date or as otherwise set forth below. 
 Section 409A of the Internal
Revenue Code imposes rules relating to the taxation of deferred compensation, including your 2008 stock unit award. The Company reserves the right to modify the terms of your 2008 stock unit award, including, without limitation, the payment
provisions applicable to your stock units, to the extent necessary or advisable to comply with Section 409A of the Internal Revenue Code and reserves the right to make any changes to your stock unit award so that it does not become subject to
Section 409A or become subject to a six-month wait period under Section 409A. 

 Capitalized terms used in this Award Certificate that are not defined in the text have the meanings set
forth in Section 26 below. Capitalized terms used in this Award Certificate that are not defined in the text or in Section 26 below have the meanings set forth in the Plan. 
 SECTION 1. Stock Units Generally.  
 Each of your stock units corresponds to one share of MSCI class A common stock. A stock unit constitutes an unsecured promise by MSCI to pay you one share of MSCI class A common stock on the conversion date for the stock unit. As the holder
of stock units, you have only the rights of a general unsecured creditor of MSCI. You will not be a stockholder with respect to the shares of MSCI class A common stock underlying your stock units unless and until your stock units convert to shares.

 SECTION 2. Vesting Schedule; Conversion.  
 (a) Vesting Schedule. Your stock units will vest according to the following schedule:
[                            ]. Any fractional stock units resulting from the application of the vesting
schedule will be aggregated and will vest on the First Scheduled Vesting Date. Except as otherwise provided in this Award Certificate, each portion of your stock units will vest only if you continue to serve the Company by remaining in continuous
Employment through the applicable Scheduled Vesting Date. The special vesting terms set forth in Section 5, Section 6, Section 7, Section 8, Section 9 and Section 10 of this Award Certificate apply (i) if your
Employment terminates by reason of your death or Disability, (ii) if your Employment terminates in a Full Career Retirement, (iii) if the Company terminates your Employment in an involuntary termination under the circumstances described in
Section 7, (iv) if your Employment terminates in a Governmental Service Termination, (v) if your Employment terminates in a Qualifying Termination or (vi) in the event of a Qualifying Change in Control. Vested stock units are
subject to any transfer restrictions and cancellation and tax withholding provisions set forth in this Award Certificate. 
 (b)
Conversion. 
 (i) Except as otherwise provided in this Award Certificate, each of your vested stock units will convert
to one share of MSCI class A common stock on the applicable Scheduled Vesting Date. 
 (ii) Shares to which you are entitled
upon conversion of stock units under any provision of this Award certificate shall not be subject to any transfer restrictions, other than those that may arise under the securities laws or the Company’s policies, or to cancellation under the
circumstances set forth in Section 11(c). 
  

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 SECTION 3. Six-Month Delay for Specified Employees.  
 Notwithstanding the other provisions of this Award Certificate, to the extent necessary to comply with Section 409A of the Internal Revenue Code, if
MSCI considers you to be one of its “specified employees” as defined in Section 409A of the Internal Revenue Code (which will not occur until after April 1, 2009) at the time of your Separation from Service, either
(i) conversion of your stock units will be delayed until the first business day following the date that is six months after your Separation from Service or (ii) your stock units will convert into a right to receive cash equal to the value
of the stock price underlying such units on the date of your Separation from Service, to be paid on the sixth month anniversary of such date with accrued interest, as determined by the Company; provided that while you may express to the
Company your preference as to the form of consideration, the ultimate determination as to such form will be solely at the Company’s discretion; provided, further, that to the extent this Section 3 is applicable, in the event that
after the date of your termination of Employment, you (i) die or (ii) accept employment at a Governmental Employer and you provide the Company with satisfactory evidence demonstrating that as a result of such new employment, the
divestiture of your continued interest in MSCI equity awards or continued ownership in MSCI class A common stock is reasonably necessary to avoid the violation of U.S. federal, state or local or foreign ethics law or conflicts of interest law
applicable to you at such Governmental Employer, payment will be made immediately. 
 SECTION 4. Dividend Equivalent Payments. 

 Until your stock units convert to shares, if and when MSCI pays a regular or ordinary cash dividend on its class A common stock, you will
be paid a dividend equivalent in the same amount as the dividend you would have received if you held shares for your vested and unvested stock units. No dividend equivalents will be paid to you with respect to any canceled stock units. 

MSCI will decide on the form of payment and may pay dividend equivalents in shares of MSCI class A common stock, in cash or in a combination thereof.
MSCI will pay the dividend equivalent when it pays the corresponding dividend on its class A common stock. 
 Because dividend equivalent
payments are considered part of your compensation for income tax purposes, they will be subject to applicable tax and other withholding obligations. 
  

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 SECTION 5. Death and Disability.  
 The following special vesting and payment terms apply to your stock units: 
 (a) Termination of Employment due to Death. If your Employment terminates due to death, all of your unvested stock units will immediately vest. Your stock units will convert to shares of MSCI class A common
stock upon your death; provided that MSCI has knowledge of your death within seventy-five days following your death. Such shares will be delivered to the beneficiary you have designated pursuant to Section 15 or the legal representative
of your estate, as applicable. 
 (b) Termination of Employment due to Disability. If your Employment terminates due to Disability,
provided that no Cancellation Event has occurred, all of your unvested stock units will vest and convert to shares of MSCI class A common stock on the date your Employment terminates, and you will no longer be subject to the cancellation
provisions described in Section 11. 
 SECTION 6. Full Career Retirement.  
 In the event of your Full Career Retirement, provided that no Cancellation Event has occurred, all of your unvested stock units will vest and
convert to shares of MSCI class A common stock on the date your Employment terminates, and, following conversion, you will no longer be subject to the cancellation provisions described in Section 11, except as provided in Section 3.

 SECTION 7. Involuntary Termination by the Company.  
 If the Company terminates your Employment under circumstances not involving a Cancellation Event and you sign an agreement and release satisfactory to the
Company, all of your unvested stock units will vest on the date your Employment terminates. On that date, your stock units will convert to shares of MSCI class A common stock, and you will no longer be subject to the cancellation provisions
described in Section 11, except as provided in Section 3. 
 SECTION 8. Governmental Service Termination.  

If your Employment terminates in a Governmental Service Termination under circumstances not involving a Cancellation Event, all of your unvested stock
units will vest and convert to shares of MSCI class A common stock on the date your Employment terminates, and you will no longer be subject to the cancellation provisions described in Section 11. 
 SECTION 9. Qualifying Termination.  
 If your employment terminates in a Qualifying Termination, all unvested stock units will vest and be converted into shares of MSCI class A common stock on the date of your Qualifying Termination, and you will no longer be subject to the
cancellation provisions described in Section 11, except as provided in Section 3. 
  

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 SECTION 10. Qualifying Change in Control.  
 In the event of a Qualifying Change in Control, all of your unvested stock units will vest and be converted into shares of MSCI class A common stock as of
the effective date of the Qualifying Change in Control. 
 SECTION 11. Termination of Employment and Cancellation of Awards. 

 (a) Cancellation of Unvested Awards. Your unvested stock units will be canceled and forfeited in full if your Employment terminates
for any reason other than under the circumstances set forth in this Award Certificate for death, Disability, Full Career Retirement, Governmental Service Termination, an involuntary termination by the Company not involving a Cancellation Event, a
Qualifying Termination or a Qualifying Change in Control. 
 (b) General Treatment of Vested Awards. Except as otherwise provided in
this Award Certificate, your vested stock units will convert to shares of MSCI class A common stock on the date they vest. The withholding provisions set forth in Section 12 of this Award Certificate will continue to apply until the later of
(i) the date your stock units convert to shares of MSCI class A common stock or (ii) the date the shares of MSCI class A common stock are delivered. 
 (c) Cancellation Events. Your stock units will be canceled prior to conversion in the event of any Cancellation Event. This Section 11 shall apply notwithstanding any other terms of this Award Certificate
(except where sections in this Award Certificate specifically provide that the Cancellation Events no longer apply). 
 SECTION 12.
Tax and Other Withholding Obligations.  
 Pursuant to rules and procedures that MSCI establishes (including those in Section 13),
tax or other withholding obligations arising upon conversion of your stock units will be satisfied by having MSCI withhold shares of MSCI class A common stock or by tendering shares of MSCI class A common stock, in each case in an amount sufficient
to satisfy the tax or other withholding obligations, unless MSCI, in its sole discretion, provides for a cash withholding option which would permit MSCI to withhold cash in the same amount. Shares withheld or tendered will be valued using the fair
market value of MSCI class A common stock on the later of (i) the date your stock units convert or (ii) the date the shares of MSCI class A common stock are delivered, using a valuation methodology established by MSCI. 
  

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 In order to comply with applicable accounting standards or the Company’s policies in effect from
time to time, MSCI may limit the amount of shares that you may have withheld or that you may tender. 
 SECTION 13. Satisfaction of
Obligations.  
 Notwithstanding any other provision of this Award Certificate, MSCI shall have such rights of offset with respect to your
stock units as set forth in Section 16(a) of the Plan. 
 SECTION 14. Nontransferability.  
 You may not sell, pledge, hypothecate, assign or otherwise transfer your stock units, other than as provided in Section 15 (which allows you to
designate a beneficiary or beneficiaries in the event of your death) or by will or the laws of descent and distribution or otherwise as provided for by the Committee. This prohibition includes any assignment or other transfer that purports to occur
by operation of law or otherwise. During your lifetime, payments relating to the stock units will be made only to you. 
 Your personal
representatives, heirs, legatees, beneficiaries, successors and assigns, and those of MSCI, shall all be bound by, and shall benefit from, the terms and conditions of your award. 
 SECTION 15. Designation of a Beneficiary.  
 You may make a written designation of a beneficiary or beneficiaries to receive all or part of the shares to be paid under this Award Certificate in the event of your death. To make a beneficiary designation, you must
complete and file the form attached hereto as Appendix A with the Company’s Human Resources Department. 
 Any shares that become
payable upon your death, and as to which a designation of beneficiary is not in effect, will be distributed to your estate. 
 You may
replace or revoke your beneficiary designation at any time. If there is any question as to the legal right of any beneficiary to receive shares under this award, MSCI may determine in its sole discretion to deliver the shares in question to your
estate. MSCI’s determination shall be binding and conclusive on all persons and it will have no further liability to anyone with respect to such shares. 
  

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 SECTION 16. Ownership and Possession.  
 (a) Generally. Generally, you will not have any rights as a stockholder in the shares of MSCI class A common stock corresponding to your stock
units prior to conversion of your stock units. 
 Prior to conversion of your stock units, however, you will receive dividend equivalent
payments, as set forth in Section 4 of this Award Certificate. 
 (b) Following Conversion. Subject to Section 12, following
conversion of your stock units you will be the beneficial owner of the net shares issued to you, and you will be entitled to all rights of ownership, including voting rights and the right to receive cash or stock dividends or other distributions
paid on the shares. 
 SECTION 17. Securities Law Compliance Matters.  
 The Administrator may, if it determines it is appropriate, affix any legend to the stock certificates representing shares of MSCI class A common stock
issued upon conversion of your stock units (and any stock certificates that may subsequently be issued in substitution for the original certificates). MSCI may advise the transfer agent to place a stop order against such shares if it determines that
such an order is necessary or advisable. 
 SECTION 18. Compliance with Laws and Regulations.  
 Any sale, assignment, transfer, pledge, mortgage, encumbrance or other disposition of shares issued upon conversion of your stock units (whether directly
or indirectly, whether or not for value, and whether or not voluntary) must be made in compliance with any applicable constitution, rule, regulation, or policy of any of the exchanges or associations or other institutions with which the Company has
membership or other privileges, and any applicable law, or applicable rule or regulation of any governmental agency, self-regulatory organization or state or federal regulatory body. 
 SECTION 19. No Entitlements.  
 (a) No Right to Continued Employment. This stock unit award is not an employment agreement, and nothing in this Award Certificate, the International Tax Supplement, if applicable, or the Plan shall alter your status as an
“at-will” employee of the Company. None of this Award Certificate, the International Tax Supplement, if applicable, or the Plan shall be construed as guaranteeing your Employment or as giving you any right to continue in the employ of the
Company during any period (including without limitation the period between the Date of the Award and any of the First Scheduled Vesting Date, the Second Scheduled Vesting Date, the Third Scheduled Vesting Date, or, if applicable, the Fourth
Scheduled Vesting Date or any portion of any of these periods), nor shall they be construed as giving you any right to be reemployed by the Company following any termination of Employment. 
  

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 (b) No Right to Future Awards. This award, and all other awards of stock units and other
equity-based awards, are discretionary. This award does not confer on you any right or entitlement to receive another award of stock units or any other equity-based award at any time in the future or in respect of any future period. 
 (c) No Effect on Future Employment Compensation. MSCI has made this award to you in its sole discretion. This award does not confer on you any
right or entitlement to receive compensation in any specific amount for any future fiscal year, and does not diminish in any way the Company’s discretion to determine the amount, if any, of your compensation. In addition, this award is not part
of your base salary or wages and will not be taken into account in determining any other employment-related rights you may have, such as rights to pension or severance pay. 
 SECTION 20. Consents under Local Law.  
 Your award is conditioned upon the making of all filings and the receipt of all consents or authorizations required to comply with, or required to be obtained under, applicable local law. 
 SECTION 21. Award Modification.  
 MSCI reserves the right to modify or amend unilaterally the terms and conditions of your stock units, without first asking your consent, or to waive any terms and conditions that operate in favor of MSCI. These amendments may include (but
are not limited to) changes that MSCI considers necessary or advisable as a result of changes in any, or the adoption of any new, Legal Requirement. MSCI may not modify your stock units in a manner that would materially impair your rights in your
stock units without your consent; provided, however, that MSCI may, without your consent, amend or modify your stock units in any manner that MSCI considers necessary or advisable to comply with any Legal Requirement or to ensure that your
stock units are not subject to United States federal, state or local income tax or any equivalent taxes in territories outside the United States prior to payment. MSCI will notify you of any amendment of your stock units that affects your rights.
Any amendment or waiver of a provision of this Award Certificate (other than any amendment or waiver applicable to all recipients generally), which amendment or waiver operates in your favor or confers a benefit on you, must be in writing and signed
by the Global Head of Human Resources, the Chief Administrative Officer, the Chief Financial Officer or the General Counsel (or if such positions no longer exist, by the holders of equivalent positions) to be effective. 
  

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 SECTION 22. Severability.  
 In the event MSCI determines that any provision of this Award Certificate would cause you to be in constructive receipt for United States federal or state
income tax purposes of any portion of your award, then such provision will be considered null and void and this Award Certificate will be construed and enforced as if the provision had not been included in this Award Certificate as of the date such
provision was determined to cause you to be in constructive receipt of any portion of your award. 
 SECTION 23. Successors. 

 This Award Certificate shall be binding upon and inure to the benefit of any successor or successors of the Company and any person or
persons who shall, upon your death, acquire any rights hereunder in accordance with this Award Certificate or the Plan. 
 SECTION 24. Governing Law.  
 This Award Certificate and the related legal relations between you and MSCI will be
governed by and construed in accordance with the laws of the State of New York, without regard to any conflicts or choice of law, rule or principle that might otherwise refer the interpretation of the award to the substantive law of another
jurisdiction. 
 SECTION 25. Rule of Construction for Timing of Conversion.  
 With respect to each provision of this Award Certificate that provides for your stock units to convert to shares on the Scheduled Vesting Date or upon a
different specified event or date, such conversion will be considered to have been timely made, and neither you nor any of your beneficiaries or your estate shall have any claim against the Company for damages based on a delay in payment, and the
Company shall have no liability to you (or to any of your beneficiaries or your estate) in respect of any such delay, as long as payment is made by December 31 of the year in which occurs the Scheduled Vesting Date or such other specified event
or date or if, later, by the fifteenth day of the third calendar month following such specified event or date. 
 SECTION 26. Defined
Terms.  
 For purposes of this Award Certificate, the following terms shall have the meanings set forth below: 
 “Board” means the Board of Directors of MSCI. 
  

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 A “Cancellation Event” will be deemed to have occurred under the following
circumstances: 
 (a) misuse of Proprietary Information or failure to comply with your obligations under the Company’s Code of Conduct
or otherwise with respect to Proprietary Information; 
 (b) resignation of employment with the Company without giving the Company prior
written notice of at least: 
 (i) 180 days if you are a member of the MSCI Executive Committee (or a successor or equivalent
committee) at the time of notice of resignation or 
 (ii) 90 days if you are a Managing Director (or equivalent title) at the
time of notice of resignation; 
 (c) termination for Cause (or a later determination that you could have been terminated for Cause,
provided that such determination is made within one year of termination); 
 or if, without the consent of the Company:

 (d) while employed, including during any notice period applicable to you in connection with your termination of employment, you directly
or indirectly in any capacity (including through any person, corporation, partnership or other business entity of any kind) hire or solicit, recruit, induce, entice, influence or encourage any Company employee to leave the Company or become hired or
engaged by another company; or 
 (e) while employed, including during any notice period applicable to you in connection with your
termination of employment, you directly or indirectly in any capacity (including through any person, corporation, partnership or other business entity of any kind) solicit or entice away or in any manner attempt to persuade any client or customer,
or prospective client or customer, of the Company (i) to discontinue or diminish his, her or its relationship or prospective relationship with the Company or (ii) to otherwise provide his, her or its business to any person, corporation,
partnership or other business entity which engages in any line of business in which the Company is engaged (other than the Company). 
 “Cause” means: 
 (a) any act or omission which constitutes a material willful breach of your obligations to the
Company or your continued and willful refusal to substantially perform satisfactorily any duties reasonably required of you, which results in material injury to the interest or business reputation of the Company and 

  

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which breach, failure or refusal (if susceptible to cure) is not corrected (other than failure to correct by reason of your incapacity due to physical or
mental illness) within thirty (30) business days after written notification thereof to you by the Company; provided that no act or failure to act on your part shall be deemed willful unless done or omitted to be done by you not in good
faith and without reasonable belief that your action or omission was in the best interest of the Company; 
 (b) your commission of any
dishonest or fraudulent act, or any other act or omission with respect to the Company, which has caused or may reasonably be expected to cause a material injury to the interest or business reputation of the Company and which act or omission is not
refuted by you within thirty (30) business days after written notification thereof to you by the Company; or 
 (c) your plea of guilty
or nolo contendere to or conviction of a felony under the laws of the United States or any state thereof or any other jurisdiction in which the Company conducts business. 
 A “Change in Control” shall be deemed to have occurred if any of the following conditions shall have been satisfied: 
 (a) any one person or more than one person acting as a group (as determined under Section 409A), other than (A) any employee plan established
by the Company or any of its Subsidiaries, (B) the Company or any of its affiliates (as defined in Rule 12b-2 promulgated under the Exchange Act), (C) an underwriter temporarily holding securities pursuant to an offering of such
securities, or (D) a corporation owned, directly or indirectly, by stockholders of the Company in substantially the same proportions as their ownership of the Company, is or becomes, during any twelve-month period, the beneficial owner,
directly or indirectly, of securities of the Company (not including in the securities beneficially owned by such person(s) any securities acquired directly from the Company or its affiliates other than in connection with the acquisition by the
Company or its affiliates of a business) representing 30% or more of the total voting power of the stock of the Company, provided that the Board approves such acquisition; provided, however, that the provisions of this subsection
(a) are not intended to apply to or include as a Change in Control any transaction that is specifically excepted from the definition of Change in Control under subsection (b) below; 
 (b) the consummation of a merger or consolidation of the Company with any other corporation or other entity, or the issuance of voting securities in
connection with a merger or consolidation of the Company (or any direct or indirect subsidiary of the Company) pursuant to applicable stock exchange requirements; provided that immediately following such merger or consolidation the voting
securities of the Company outstanding immediately prior thereto do not 

  

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continue to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity of such merger or consolidation
or parent entity thereof) 50% or more of the total voting power of the Company stock (or if the Company is not the surviving entity of such merger or consolidation, 50% or more of the total voting power of the stock of such surviving entity or
parent entity thereof); and provided, further, that a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no person (as determined under Section 409A) is or becomes the
beneficial owner, directly or indirectly, of securities of the Company (not including in the securities beneficially owned by such person any securities acquired directly from the Company or its affiliates other than in connection with the
acquisition by the Company or its affiliates of a business) representing 50% or more of either the then outstanding shares of the Company common stock or the combined voting power of the Company’s then-outstanding voting securities shall not be
considered a Change in Control; or 
 (c) the sale or disposition by the Company of all or substantially all of the Company’s assets in
which any one person or more than one person acting as a group (as determined under Section 409A) acquires (or has acquired during the twelve-month period ending on the date of the most recent acquisition by such person or persons) assets from
the Company that have a total gross fair market value equal to more than 50% of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions. 
 Notwithstanding the foregoing, (1) no Change in Control shall be deemed to have occurred if there is consummated any transaction or series of
integrated transactions immediately following which the record holders of the Company common stock immediately prior to such transaction or series of transactions continue to have substantially the same proportionate ownership in an entity which
owns substantially all of the assets of the Company immediately prior to such transaction or series of transactions and (2) no event or circumstances described in any of clauses (a) through (c) above shall constitute a Change in
Control unless such event or circumstances also constitute a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as defined in Section 409A and the regulations
and guidance thereunder. In addition, no Change in Control shall be deemed to have occurred upon the acquisition of additional control of the Company by any one person or more than one person acting as a group that is considered to effectively
control the Company. In no event will a Change in Control be deemed to have occurred if you are part of a “group” within the meaning of Section 13(d)(3) of the Exchange Act that effects a Change in Control. 
 Terms used in the definition of a Change in Control shall be as defined or interpreted pursuant to Section 409A. 
  

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 “Committee” means the Compensation Committee of the Board, any successor committee
thereto or any other committee of the Board appointed by the Board with the powers of the Committee under the Plan, or any subcommittee appointed by such Committee. 
 “Company” means MSCI and all of its Subsidiaries. 
 “Date of the Award”
means [                    ]. 
 “Disability” means any (A) you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected
to last for a continuous period of not less than twelve months or (B) you, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not
less than twelve months, are receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company. 
 “Employed” and “Employment” refer to employment with the Company. 
 “First Scheduled Vesting Date” means [            ]. 
 “Fourth Scheduled Vesting Date” means [            ]. 
 “Full Career Retirement” means a termination of Employment other than under circumstances involving any other Cancellation Event and
other than due to your death or Disability on or after the date that you meet any of the following criteria: 
 (a) Age fifty and twelve
years of service with the Company as a Managing Director or comparable officer; or 
 (b) Age fifty and fifteen years as an officer of the
Company; or 
 (c) Age fifty-five with five years of service with the Company and age plus years of service equals or exceeds sixty-five; or

 (d) twenty years of service with the Company; 
 provided that for purposes of this definition service with the Company will include any period of service following entities and any of their predecessors: 
 (i) Barra Inc. and its subsidiaries (“Barra”) prior to the acquisition by the Company; 
  

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 (ii) Capital International Perspectives S.A. (“CIPSA”); 
 (iii) Morgan Stanley; 
 (iv) Morgan Stanley Group Inc. and its subsidiaries (“MS Group”) prior to the merger with and into Dean Witter, Discover & Co.; and 
 (v) Dean Witter, Discover & Co. and its subsidiaries (“DWD”) prior to the merger of Morgan Stanley Group Inc.
with and into Dean Witter, Discover & Co.; provided that, in the case of an employee who has transferred employment from DWD to MS Group or vice versa, a former employee of DWD will receive credit for employment with DWD only if he
or she transferred directly from DWD to Morgan Stanley & Co. Incorporated or its affiliates subsequent to February 5, 1997, and a former employee of MS Group will receive credit for employment with MS Group only if he or she
transferred directly from MS Group to Morgan Stanley DW Inc. or its affiliates subsequent to February 5, 1997. 
 “Good
Reason” means: 
 (a) any material diminution in your title, status, position, the scope of your assigned duties, responsibilities
or authority, including the assignment to you of any duties, responsibilities or authority inconsistent with the duties, responsibilities and authority assigned to you prior to a Change in Control (including any such diminution resulting from a
transaction in which the Company is no longer a public Company); 
 (b) a material diminution in the authority, duties, or responsibilities
of the officer to whom you were required to report prior to a Change in Control, including but not limited to, as a result of a change in the identity of the officer to whom you are required to report, or, in the case of the Chief Executive Officer,
any change in your reporting relationship that was in existence prior to a Change in Control, such that you no longer report to the Board of Directors; 
 (c) any material failure to maintain or reduction in your compensation that was in existence prior to a Change in Control, including but not limited to salary, bonuses under an annual incentive compensation plan or
otherwise and equity-based compensation, other than (i) any change in the form or mix of compensation as long as the level of compensation is substantially comparable in the aggregate to the level in existence prior to a Change in Control, and
(ii) an isolated, insubstantial or inadvertent failure to provide compensation that is remedied by the Company promptly after receipt of notice thereof given by you; 
  

 16 

 (d) a material diminution of the budget over which you had authority that was in existence prior to a
Change in Control; 
 (e) a relocation of more than fifty miles from the location of your principal job location or office prior to a Change
in Control; or 
 (f) any other action or inaction that constitutes a material breach by the Company of any agreement pursuant to which you
provide services to the Company; 
 provided, that you provide the Company with written notice of your intent to terminate your
employment for Good Reason within ninety days of your becoming aware of any circumstances set forth above (with such notice indicating the specific termination provision above on which you are relying and describing in reasonable detail the facts
and circumstances claimed to provide a basis for termination of your employment under the indicated provision) and that you provide the Company with at least thirty days following receipt of such notice to remedy such circumstances. 
 “Governmental Employer” means a governmental department or agency, self-regulatory agency or other public service employer. 

“Governmental Service Termination” means the termination of your Employment as a result of accepting employment at a Governmental
Employer and you provide the Company with satisfactory evidence demonstrating that as a result of such new employment, the divestiture of your continued interest in MSCI equity awards or continued ownership in MSCI class A common stock is reasonably
necessary to avoid the violation of U.S. federal, state or local or foreign ethics law or conflicts of interest law applicable to you at such Governmental Employer. 
 “Internal Revenue Code” means the United States Internal Revenue Code of 1986, as amended, and the rules, regulations and guidance thereunder. 
 “Legal Requirement” means any law, regulation, ruling, judicial decision, accounting standard, regulatory guidance or other legal
requirement. 
 “MSCI” means MSCI Inc., a Delaware corporation. 
 “Plan” means the 2007 Amended and Restated MSCI Equity Incentive Compensation Plan. 
 “Proprietary Information” means any information that may have intrinsic value to the Company, the Company’s clients or other
parties with which the Company has a relationship, or that may provide the Company with a competitive advantage, including, without limitation, any trade secrets, inventions 

  

 17 

 
(whether or not patentable); formulas; flow charts; computer programs, access codes or other systems of information; algorithms, technology and business
processes; business, product, or marketing plans; sales and other forecasts; financial information; client lists or other intellectual property; information relating to compensation and benefits; and public information that becomes proprietary as a
result of the Company’s compilation of that information for use in its business; provided that such Proprietary Information does not include any information which is available for use by the general public or is generally available for
use within the relevant business or industry other than as a result of your action. Proprietary Information may be in any medium or form including, without limitation, physical documents, computer files or discs, videotapes, audiotapes, and oral
communications. 
 “Qualifying Change in Control” shall be deemed to have occurred if any of the following conditions have
been satisfied: 
 (a) if any of (a), (b) or (c) under the definition of “Change in Control” above shall have occurred
and, as a result of such Change in Control, the ratio of total debt to book equity based on U.S. GAAP of the Company or the combined entities after such Change in Control is 50% or more larger than the Company’s ratio of total debt to book
equity based on U.S. GAAP immediately prior to the Change in Control; 
 (b) any one person or more than one person acting as a group (as
determined under Section 409A), other than (A) any employee plan established by the Company or any of its Subsidiaries, (B) the Company or any of its affiliates (as defined in Rule 12b-2 promulgated under the Exchange Act),
(C) an underwriter temporarily holding securities pursuant to an offering of such securities, or (D) a corporation owned, directly or indirectly, by stockholders of the Company in substantially the same proportions as their ownership of
the Company, is or becomes, during any twelve-month period, the beneficial owner, directly or indirectly, of securities of the Company (not including in the securities beneficially owned by such person(s) any securities acquired directly from the
Company or its affiliates other than in connection with the acquisition by the Company or its affiliates of a business) representing 30% or more of the total voting power of the stock of the Company, provided that the Board did not
approve such acquisition; or 
 (c) a change in the composition of the Board such that, during any 12-month period, the individuals who, as
of the beginning of such period, constitute the Board (the “Existing Board”) cease for any reason to constitute at least 50% of the Board; provided, however, that any individual becoming a member of the Board subsequent to
the beginning of such period whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors immediately prior to the date of such appointment or 

  

 18 

 
election shall be considered as though such individual were a member of the Existing Board; and provided, further, however, that, notwithstanding the
foregoing, no individual whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 or Regulation 14A promulgated under the Exchange Act or successor statutes or
rules containing analogous concepts) or other actual or threatened solicitation of proxies or consents by or on behalf of an individual, corporation, partnership, group, associate or other entity or “person” other than the Board, shall in
any event be considered to be a member of the Existing Board; 
 provided that if you are or will become eligible for Full Career
Retirement on or prior to the Third Scheduled Vesting Date or, if applicable, the Fourth Scheduled Vesting Date, then a Qualifying Change in Control will only refer to clause (c) of the definition above. 
 “Qualifying Termination” means your termination of Employment within eighteen (18) months following a Change in Control, under
either of the following circumstances: (a) the Company terminates your employment under circumstances not involving any Cancellation Event; or (b) you resign from the Company due to Good Reason. 
 “Scheduled Vesting Date” means the First Scheduled Vesting Date, the Second Scheduled Vesting Date, the Third Scheduled Vesting Date,
and, if applicable, the Fourth Scheduled Vesting Date, as the context requires. 
 “Second Scheduled Vesting Date” means
[            ]. 
 “Separation from Service” means a separation
from service with the Company for purposes of Section 409A determined using the default provisions set forth in Treasury Regulation §1.409A-1(h) or any successor regulation thereto. For purposes of this definition, MSCI’s subsidiaries
and affiliates include (and are limited to) any corporation that is in the same controlled group of corporations (within the meaning of Section 414(b) of the Internal Revenue Code) as MSCI and any trade or business that is under common control
with MSCI (within the meaning of Section 414(c) of the Internal Revenue Code), determined in each case in accordance with the default provisions set forth in Treasury Regulation §1.409A-1(h)(3). 
 “Subsidiary” means (i) a corporation or other entity with respect to which MSCI, directly or indirectly, has the power, whether
through the ownership of voting securities, by contract or otherwise, to elect at least a majority of the members of such corporation’s board of directors or analogous governing body, or (ii) any other corporation or other entity in which
MSCI, directly or indirectly, has an equity or similar interest and which the Committee designates as a Subsidiary for purposes of the Plan. 
 “Third Scheduled Vesting Date” means [            ]. 
  

 19 

 IN WITNESS WHEREOF, MSCI has duly executed and delivered this Award Certificate as of the Date of the
Award. 
 MSCI 
 [                    ] 
 [                    ] 
  

 20 

 APPENDIX A 
 Designation of Beneficiary(ies) Under 
 MSCI 2007 Amended and Restated MSCI 
 Equity Incentive Compensation Plan 
 This Designation
of Beneficiary shall remain in effect with respect to all awards issued to me under any MSCI equity compensation plan, including any awards that may be issued to me after the date hereof, unless and until I modify or revoke it by submitting a later
dated beneficiary designation. This Designation of Beneficiary supersedes all my prior beneficiary designations with respect to all my equity awards. 
 I
hereby designate the following beneficiary(ies) to receive any survivor benefits with respect to all my equity awards: 
  

							
	 	  	 Beneficiary(ies) Name(s)
	  	 Relationship
	  	 Percentage

	 (1)
	  		  		  	
	 (2)
	  		  		  	
	 (3)
	  		  		  	
	 (4)
	  		  		  	

 Address(es) of Beneficiary(ies): 
 (1) 
 (2) 
 (3) 
 (4) 
 Contingent Beneficiary 
 Please also indicate any contingent beneficiary and to which beneficiary above such interest relates. 
  

					
	 Beneficiary(ies) Name(s)
	 	 Relationship
	 	 Nature of
 Contingency

  

 21 

 Address(es) of Contingent Beneficiary(ies): 
  

			
	Name: (please print)	  	Date:

 Signature 
 Please
sign and return this form to MSCI’s Human Resources Department. 
  

 22Second Amendment to Credit Agreement

 EXHIBIT 10.1 
 SECOND AMENDMENT TO CREDIT AGREEMENT 
 THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this
“Amendment”), dated as of November 13, 2008, is by and among OSI SYSTEMS, INC., a California corporation (the “Borrower”), the Domestic Subsidiaries of the Borrower as may from time to time become a
party hereto (collectively, the “Guarantors”), and WACHOVIA BANK, NATIONAL ASSOCIATION, as administrative agent on behalf of the Lenders under the Credit Agreement (as hereinafter defined) (in such capacity, the
“Administrative Agent”). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement. 
 W I T N E S S E T H 
 WHEREAS, the Borrower, the Guarantors, certain banks and financial
institutions from time to time party thereto (the “Lenders”) and the Administrative Agent are parties to that certain Credit Agreement dated as of July 27, 2007 (as amended, modified, extended, restated, replaced, or
supplemented from time to time, the “Credit Agreement”); 
 WHEREAS, the Credit Parties have requested that the
Lenders amend certain provisions of the Credit Agreement; and 
 WHEREAS, the Required Lenders are willing to make such amendments to
the Credit Agreement, subject to the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the agreements
hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 
 AMENDMENTS TO CREDIT AGREEMENT 
 1.1 Amendment to Definition of Excess Cash Flow. The definition of Excess Cash Flow is hereby amended and restated in its entirety to read
as follows: 
 “Excess Cash Flow” shall mean, with respect to any fiscal year of the Borrower, for the Borrower and its
Subsidiaries on a Consolidated basis, an amount equal to, without duplication, (a) cash flow from operations for the Borrower and its Subsidiaries on a Consolidated basis for such period minus (b) Consolidated Capital Expenditures
for such period minus (c) optional prepayments of the Term Loan and of the Revolving Loans (to the extent accompanied by a corresponding reduction of the Revolving Commitments) made during such period minus (d) License Fees
for such period minus (e) Scheduled Funded Debt Payments minus (f) cash consideration paid in connection with Permitted Acquisitions, including any earnout payments made during such period minus (g) fees paid in
relation to this Agreement minus (h) Restricted Payments made during such period to the extent permitted by Section 6.10(d). 
 1.2 Amendment to Definition of Foreign Currency. The definition of Foreign Currency is hereby amended and restated in its entirety to read as follows: 
 “Foreign Currency” shall mean any of the following: (a) Euro, Sterling and Canadian Dollars and (b) any other currency that
is freely tradable and convertible into Dollars that is approved by the applicable Issuing Lender and the Administrative Agent. 

 1.3 Amendment to Definition of LOC Obligations. The definition of LOC Obligations is hereby
amended and restated in its entirety to read as follows: 
 “LOC Obligations” shall mean, at any date of determination,
the sum of (a) with respect to all Letters of Credit issued in Dollars, the Dollar Equivalent of the maximum amount which is, or at any time thereafter may become, available to be drawn under such Letters of Credit then outstanding, assuming
compliance with all requirements for drawings referred to in such Letters of Credit, (b) with respect to all Letters of Credit issued in a Foreign Currency, the Dollar Equivalent of the maximum amount which is, or at any time thereafter may
become, available to be drawn under such Letter of Credit then outstanding, assuming compliance with all requirements for drawings referred to in such Letters of Credit and (c) the aggregate amount of all drawings under Letters of Credit
honored by the Issuing Lender but not theretofore reimbursed. 
 1.4 Amendment to Definition of Permitted Acquisition.
Clause (v) of the definition of Permitted Acquisition is hereby amended and restated in its entirety to read as follows: 
 (v)(A) for any Permitted Acquisition with total consideration greater than $10,000,000, the Target shall have earnings before interest, taxes, depreciation and amortization (using the methodology applied in the calculation of
Consolidated EBITDA) for the four fiscal quarter period ending prior to the acquisition date in an amount greater than $0 and (B) for any Permitted Acquisition with total consideration less than or equal to $10,000,000, the Target shall have
earnings before interest, taxes, depreciation and amortization (using the methodology applied in the calculation of Consolidated EBITDA) for the four fiscal quarter period ending prior to the acquisition date in an amount greater than negative
$3,000,000. 
 1.5 Amendment to Section 1.6(b). Section 1.6(b) of the Credit Agreement is hereby amended and
restated in its entirety to read as follows: 
 (b) Any request for a Letter of Credit in a currency other than Dollars shall be made to
the Administrative Agent and the applicable Issuing Lender, not later than 11:00 A.M., five (5) Business Days prior to the date of the desired L/C Credit Extension (or such other time or date as may be agreed by the Administrative Agent
and the applicable Issuing Lender, in their sole discretion). The Administrative Agent and the applicable Issuing Lender shall promptly notify the Borrower of the response to any request pursuant to this Section. 
 1.6 Amendment to Section 2.3(j). Section 2.3(j) of the Credit Agreement is hereby amended and restated in its entirety to read as
follows: 
 (j) The Borrower may request, and any Issuing Lender may issue, Letters of Credit denominated in any Foreign
Currency (any such Letter of Credit, a “Foreign Currency Letter of Credit”), subject to the following provisions: 
 1.7 Amendment to Section 2.3(j)(iii). Section 2.3(j)(iii) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 (iii) Reserved. 
 1.8 Amendment to Section 2.3(j)(v). Section 2.3(j)(v) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 (v) within five days of demand therefor by the applicable Issuing Lender, the Borrower shall reimburse such Issuing Lender for any
Foreign Currency Letter of Credit, for any costs, expenses, losses or liabilities (including foreign currency exchange costs and losses) incurred by such Issuing Lender in connection with any drawing under such Foreign Currency Letter of Credit and
the reimbursement of such drawing in Dollars rather than the applicable Foreign Currency, including, without limitation, any costs, expenses, losses or liabilities resulting from the determination of the Spot Rate two Business Days prior to the date
a drawing under such Foreign Currency Letter of Credit is reimbursed. 

 1.9 Amendment to Section 2.3. A new clause (k) shall be added to the end of
Section 2.3 of the Credit Agreement to read as follows: 
 (k) Issuing Lenders. Each Issuing Lender shall
(i) prior to the issuance, renewal or extension of any Letter of Credit, receive written confirmation from the Administrative Agent that such issuance, renewal or extension meets the requirements set forth in Section 2.3, (ii) provide
to the Administrative Agent, upon the issuance, renewal or extension of any Letter of Credit and on a monthly basis, a report that details the activity with respect to each Letter of Credit issued by such Issuing Lender (including an indication of
the maximum amount then in effect with respect to each such Letter of Credit) and (iii) upon the Administrative Agent’s request, any other documentation relating to any such Letter of Credit (including, without limitation, copies of such
Letters of Credit). 
 1.10 Amendment to Section 6.1(i). Section 6.1(i)(A) of the Credit Agreement is hereby
amended and restated in its entirety to read as follows: 
 (i) (A) Foreign Subsidiaries organized under the laws of the
United Kingdom may incur cash borrowings (excluding Foreign Mortgage Indebtedness) in an aggregate amount not to exceed $15,000,000, 
 1.11 Amendment to Section 6.10. Section 6.10 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 Section 6.10 Restricted Payments. 
 The Credit Parties will not, nor will they permit
any Subsidiary to, directly or indirectly, declare, order, make or set apart any sum for or pay any Restricted Payment, except (a) to make dividends payable solely in the same class of Equity Interest of such Person, (b) to make dividends
or other distributions payable to the Credit Parties (directly or indirectly through its Subsidiaries), (c) so long as (i) no Default or Event of Default shall have occurred and be continuing or would result therefrom and (ii) the
Borrower shall be in pro forma compliance with the financial covenants set forth in Sections 5.9 after giving effect to any such payment, the Credit Parties may (A) effectuate the Specified Investment, (B) purchase shares (or the
equivalent, or rights to acquire shares or the equivalent) held by directors, officers and employees of such Credit Party and (C) make interest payments with respect to Subordinated Debt and (d) so long as (i) no Default or Event of
Default shall have occurred and be continuing or would result therefrom, (ii) the Borrower shall be in pro forma compliance with the financial covenants set forth in Sections 5.9 after giving effect to any such repurchase, (iii) after
giving effect to such repurchase, there shall be at least $25,000,000 of Revolver Availability and (iv) after giving effect to any such repurchase on a Pro Forma Basis, the Borrower shall have a Consolidated Leverage Ratio of less than or equal
to 2.00 to 1.0, the Borrower may repurchase shares of its Equity Interests in an aggregate amount not to exceed $25,000,000 during the term of this Agreement as measured by the purchase price paid by the Borrower for such Equity Interests.

 ARTICLE II 
 CONDITIONS TO EFFECTIVENESS 
 2.1 Closing Conditions. This Amendment shall become effective as of the day and
year set forth above (the “Amendment Effective Date”) upon satisfaction of the following conditions (in form and substance reasonably acceptable to the Administrative Agent): 
 (a) Executed Amendment. Receipt by the Administrative Agent of counterparts of this Amendment executed by a duly authorized officer
of each party hereto. 
 (b) Executed Lender Consents. Receipt by the Administrative Agent of executed lender consents,
in substantially the form of Exhibit A attached hereto (each a “Lender Consent”), from the Required Lenders authorizing the Administrative Agent to enter into this Amendment on their behalf. The delivery by the Administrative
Agent of its signature page to this Amendment shall constitute conclusive evidence that the consents from the Required Lenders have been obtained. 

 (c) Fees and Expenses. The Administrative Agent shall have received from the
Borrower, on behalf of each Lender that executes and delivers a Lender Consent to the Administrative Agent by 5:00 p.m. (Charlotte, NC time) on November 14, an amendment fee in an amount equal to five (5) basis points on (i) the
aggregate Revolving Commitments of such approving Revolving Lenders and (ii) the outstanding principal amount of the Term Loan held by such approving Term Loan Lenders. In addition, the Administrative Agent shall have received from the Borrower
such other fees and expenses that are payable in connection with the consummation of the transactions contemplated hereby, including, without limitation, the reasonable fees and expenses of Moore & Van Allen PLLC. 
 ARTICLE III 
 MISCELLANEOUS

 3.1 Amended Terms. On and after the Amendment Effective Date, all references to the Credit Agreement in each of the
Credit Documents shall hereafter mean the Credit Agreement as amended by this Amendment. Except as specifically amended hereby or otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect
according to its terms. 
 3.2 Representations and Warranties of Credit Parties. Each of the Credit Parties represents and
warrants as follows: 
 (a) It has taken all necessary action to authorize the execution, delivery and performance of this
Amendment. 
 (b) This Amendment has been duly executed and delivered by such Person and constitutes such Person’s legal,
valid and binding obligations, enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting
creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity). 
 (c) No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or
third party is required in connection with the execution, delivery or performance by such Person of this Amendment. 
 (d) The
representations and warranties set forth in Article III of the Credit Agreement are true and correct as of the date hereof (except for those which expressly relate to an earlier date). 
 (e) After giving effect to this Amendment, no event has occurred and is continuing which constitutes a Default or an Event of Default.

 (f) The Security Documents continue to create a valid security interest in, and Lien upon, the Collateral, in favor of the
Administrative Agent, for the benefit of the Lenders, which security interests and Liens are perfected in accordance with the terms of the Security Documents and prior to all Liens other than Permitted Liens. 
 (g) Except as specifically provided in this Amendment, the Credit Party Obligations are not reduced or modified by this Amendment and are
not subject to any offsets, defenses or counterclaims. 
 3.3 Reaffirmation of Credit Party Obligations. Each Credit Party
hereby ratifies the Credit Agreement and acknowledges and reaffirms (a) that it is bound by all terms of the Credit Agreement applicable to it and (b) that it is responsible for the observance and full performance of its respective Credit
Party Obligations. 
 3.4 Credit Document. This Amendment shall constitute a Credit Document under the terms of the Credit
Agreement. 

 3.5 Expenses. The Borrower agrees to pay all reasonable costs and expenses of the
Administrative Agent in connection with the preparation, execution and delivery of this Amendment, including without limitation the reasonable fees and expenses of the Administrative Agent’s legal counsel. 
 3.6 Further Assurances. The Credit Parties agree to promptly take such reasonable action, upon the request of the Administrative Agent, as
is necessary to carry out the intent of this Amendment. 
 3.7 Entirety. This Amendment and the other Credit Documents embody
the entire agreement among the parties hereto and supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof. 
 3.8 Counterparts; Telecopy. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the
same instrument. Delivery of an executed counterpart to this Amendment by telecopy or other electronic means shall be effective as an original and shall constitute a representation that an original will be delivered. 
 3.9 No Actions, Claims, Etc. As of the date hereof, each of the Credit Parties hereby acknowledges and confirms that it has no knowledge of
any actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law or in equity, against the Administrative Agent, the Lenders, or the Administrative Agent’s or the Lenders’ respective officers,
employees, representatives, agents, counsel or directors arising from any action by such Persons, or failure of such Persons to act under this Credit Agreement on or prior to the date hereof. 
 3.10 GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK. 
 3.11 Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns. 
 3.12 General Release. In consideration of the Administrative Agent, on
behalf of the Lenders, entering into this Amendment, each Credit Party hereby releases the Administrative Agent, the Lenders, and the Administrative Agent’s and the Lenders’ respective officers, employees, representatives, agents, counsel
and directors from any and all actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law or in equity, now known or unknown, suspected or unsuspected to the extent that any of the foregoing arises from
any action or failure to act under the Credit Agreement on or prior to the date hereof. 
 3.13 Consent to Jurisdiction; Service of
Process; Waiver of Jury Trial. The jurisdiction, services of process and waiver of jury trial provisions set forth in Sections 9.13 and 9.16 of the Credit Agreement are hereby incorporated by reference, mutatis mutandis.

 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

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

							
	BORROWER:	 	OSI SYSTEMS, INC.,	 	
		 	a California corporation	 	
				
		 	By:	 	 /s/ Deepak Chopra
	 	
		 	Name:	 	Deepak Chopra	 	
		 	Title:	 	Chief Executive Officer	 	
			
	GUARANTORS:	 	DOLPHIN MEDICAL, INC.,	 	
		 	a California corporation	 	
				
		 	By:	 	 /s/ Deepak Chopra
	 	
		 	Name:	 	Deepak Chopra	 	
		 	Title:	 	Chief Executive Officer	 	
			
		 	FERSON TECHNOLOGIES, INC.,	 	
		 	a California corporation	 	
				
		 	By:	 	 /s/ Deepak Chopra
	 	
		 	Name:	 	Deepak Chopra	 	
		 	Title:	 	Chief Executive Officer	 	
			
		 	METOREX SECURITY PRODUCTS, INC.,	 	
		 	a California corporation	 	
				
		 	By:	 	 /s/ Deepak Chopra
	 	
		 	Name:	 	Deepak Chopra	 	
		 	Title:	 	Chief Executive Officer	 	
			
		 	OSI DEFENSE SYSTEMS, LLC,	 	
		 	a Florida limited liability company	 	
				
		 	By:	 	 /s/ Deepak Chopra
	 	
		 	Name:	 	Deepak Chopra	 	
		 	Title:	 	Chief Executive Officer	 	
			
		 	OSI ELECTRONICS, INC.,	 	
		 	a California corporation	 	
				
		 	By:	 	 /s/ Deepak Chopra
	 	
		 	Name:	 	Deepak Chopra	 	
		 	Title:	 	Chief Executive Officer	 	

							
		 	OSI OPTOELECTRONICS, INC.,	 	
		 	a California corporation	 	
				
		 	By:	 	 /s/ Deepak Chopra
	 	
		 	Name:	 	Deepak Chopra	 	
		 	Title:	 	Chief Executive Officer	 	
			
		 	 OSTEOMETER MEDITECH, INC.,
 a
California corporation
	 	
				
		 	By:	 	 /s/ Deepak Chopra
	 	
		 	Name:	 	Deepak Chopra	 	
		 	Title:	 	Chief Executive Officer	 	
			
		 	 RAPISCAN SECURITY PRODUCTS, INC.,
 a California corporation
	 	
				
		 	By:	 	 /s/ Deepak Chopra
	 	
		 	Name:	 	Deepak Chopra	 	
		 	Title:	 	Chief Executive Officer	 	
			
		 	 RAPISCAN LABORATORIES, INC.,
 a
Delaware corporation
	 	
				
		 	By:	 	 /s/ Shiva Kumar
	 	
		 	Name:	 	Shiva Kumar	 	
		 	Title:	 	President	 	
			
		 	 RAPISCAN SYSTEMS, INC.,
 a
California corporation
	 	
				
		 	By:	 	 /s/ Deepak Chopra
	 	
		 	Name:	 	Deepak Chopra	 	
		 	Title:	 	Chief Executive Officer	 	
			
		 	 SPACELABS HEALTHCARE, INC.,
 a
Delaware corporation
	 	
				
		 	By:	 	 /s/ Deepak Chopra
	 	
		 	Name:	 	Deepak Chopra	 	
		 	Title:	 	Chief Executive Officer	 	

							
		 	 SPACELABS HEALTHCARE, L.L.C.,
 a
Washington limited liability company
	 	
				
		 	By:	 	 /s/ Deepak Chopra
	 	
		 	Name:	 	Deepak Chopra	 	
		 	Title:	 	Chief Executive Officer	 	
			
		 	 SPACELABS MEDICAL, INC.,
 a
Delaware corporation
	 	
				
		 	By:	 	 /s/ Deepak Chopra
	 	
		 	Name:	 	Deepak Chopra	 	
		 	Title:	 	Chief Executive Officer	 	
		
	ADMINISTRATIVE AGENT:	 	WACHOVIA BANK, NATIONAL ASSOCIATION,
		 	as a Lender and as Administrative Agent on behalf of the Required Lenders
				
		 	By:	 	 /s/ James Travagline
	 	
		 	Name:	 	James Travagline	 	
		 	Title:	 	Vice President

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