Document:

Assignment and Assumption Agreement, dated October 16, 2006

 Exhibit 10.1 
 ASSIGNMENT AND ASSUMPTION AGREEMENT 
 This ASSIGNMENT AND ASSUMPTION AGREEMENT
(“Agreement”) is entered into as of October 16, 2006 by and between Science Applications International Corporation, a Delaware corporation (“Old SAIC”) and SAIC, Inc., a Delaware corporation (“New SAIC”).

 RECITALS 
 WHEREAS, Old
SAIC, New SAIC and SAIC Merger Sub, Inc. are parties to a certain Agreement and Plan of Merger, as amended and restated as of July 24, 2006 (“the Merger Agreement”), pursuant to which (i) Old SAIC will become a wholly-owned
subsidiary of New SAIC and (ii) each share of outstanding Old SAIC common stock will be converted into the right to receive shares of New SAIC class A preferred stock; 
 WHEREAS, in connection with the execution of the Merger Agreement and the consummation of the transactions contemplated thereby, Old SAIC and New SAIC
have agreed that New SAIC will assume and agree to perform certain obligations of Old SAIC, which obligations include those with respect to the agreements listed on Schedule A hereto (collectively, the “Assumed Agreements”);

 NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained in this Agreement, and intending to be legally
bound hereby, Old SAIC and New SAIC hereby agree as follows: 
 ASSIGNMENT AND ASSUMPTION 
 1. Assignment. Old SAIC hereby assigns to New SAIC all of its rights and obligations under the Assumed Agreements. 
 2. Assumption. New SAIC hereby assumes all of the rights and obligations of Old SAIC under the Assumed Agreements and agrees to abide by and
perform all terms, covenants and conditions of Old SAIC under such Assumed Agreements. In addition, New SAIC agrees that to the extent that any of the Assumed Agreements contains a provision with respect to a “change of control” or other
similar such occurrence of Old SAIC, that such provision shall apply in the event of a “change of control” or other similar such occurrence of New SAIC. 
 MISCELLANEOUS 
 1. Further Assurances. Subject to the terms of this Agreement, the parties
hereto shall take all reasonable and lawful action as may be necessary or appropriate to cause the intent of this Agreement to be carried out, including, without limitation, entering into amendments to the Assumed Agreements and notifying the other
parties thereto of such assignment and assumption. 

 2. Governing Law. This Agreement shall be governed by and construed and enforced under the laws of
the State of Delaware. 
 3. Counterparts. This Agreement may be executed in one or more counterparts, each of which when executed
shall be deemed to be an original but all of which shall constitute one and the same agreement. 
 4. Entire Agreement. This
Agreement, including the Schedule attached hereto, together with the Merger Agreement, constitute the entire agreement between the parties with respect to the subject matter hereof and supersede all other agreements and undertakings, both written
and oral, among the parties, or any of them, with respect to thereto. This Agreement may not be amended or supplemented except by a written document executed by the parties to this Agreement. 
 5. Severability. The provisions of this Agreement are severable, and in the event any provision hereof is determined to be invalid or
unenforceable, such invalidity or unenforceability shall not in any way affect the validity or enforceability of the remaining provisions hereof. 
 6. Third Party Beneficiaries. The parties to the various agreements that constitute Assumed Agreements are intended to be third party beneficiaries to this Agreement. 
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 IN WITNESS WHEREOF, New SAIC and Old SAIC have caused this Agreement to be executed as of the date first
written above by their respective officers thereunto duly authorized. 
  

	
	 SCIENCE APPLICATIONS
 INTERNATIONAL
CORPORATION

	
	 /s/ DOUGLAS E. SCOTT

	Douglas E. Scott
	Senior Vice President, General Counsel and Secretary
	
	SAIC, INC.
	
	 /s/ DOUGLAS E. SCOTT

	Douglas E. Scott
	Senior Vice President, General Counsel and Secretary

 SCHEDULE A 
 Agreements to be Assumed by New SAIC 
 Indemnification Agreements between Science Applications International
Corporation and its directors and executive officers dated beginning November 21, 2005. 
 Severance Protection Agreements between Science Applications
International Corporation and its directors and executive officers dated beginning September 1, 2005. 
  

 A-1Guaranty of Registrant

 Exhibit 10.2 
 SAIC, INC. 
 GUARANTY 
 GUARANTY, dated as of October 13, 2006 (the “Guaranty”), by SAIC, Inc., a Delaware corporation (“Newco”), in favor
of Citicorp USA, Inc., as Administrative Agent under that certain Five Year Credit Agreement, dated as of June 6, 2006 (as extended, renewed, amended or restated from time to time, the “Credit Agreement”) and the Lenders party
thereto (collectively with the Administrative Agent and the Issuing Banks (as defined in the Credit Agreement), the “Guarantied Parties”). 
  

	 	1.	Defined Terms. Capitalized terms used in this Guaranty and not otherwise defined shall have the meanings assigned to them in the Credit Agreement. 

 

	 	2.	Guaranty. As a condition precedent to the Reorganization Date and in consideration of the provisions of the Credit Agreement related thereto, Newco hereby unconditionally and
irrevocably guaranties, as primary obligor and joint and several co-debtor and not merely as a surety to the Guarantied Parties and their successors, indorsees, transferees and assigns, the prompt and complete payment and performance when due
(whether at the stated maturity, by acceleration or otherwise) of all Obligations of the each of the Borrowers (the “Borrower Obligations”), and Newco further agrees to pay the expenses which may be paid or incurred by any
Guarantied Party in collecting any or all of the Borrower Obligations and enforcing any rights under this Guaranty or under the Borrower Obligations in accordance with the Credit Agreement. This Guaranty shall remain in full force and effect until
the Borrower Obligations are paid in full and all Commitments are terminated. 

  

	 	3.	Waiver of Subrogation. Notwithstanding any payment or payments made by Newco (or any setoff or application of funds of Newco by any Guarantied Party) in respect of unpaid
Borrower Obligations of any Borrower, Newco shall not be entitled to be subrogated to any of the rights of any Guarantied Party against such Borrower or any collateral security or guaranty or right to offset held by any Guarantied Party for the
payment of such Borrower Obligations, nor shall Newco seek reimbursement from any such Borrower in respect of payments made by Newco hereunder, in each case until such time as (i) all Borrower Obligations shall have been satisfied in full and
the Commitments shall have been terminated and (ii) no Default or Event of Default has occurred and is continuing. 

  

	 	4.	 Modification of Borrower Obligations. Newco hereby consents that, without the necessity of any reservation of rights against Newco and without notice to or
further assent by Newco, any demand for payment of the Borrower Obligations made by any Guarantied Party may be rescinded 

	 	 
by such Guarantied Party, and the Borrower Obligations continued, and the Borrower Obligations, or the liability of any other party upon or for any part
thereof, or any collateral security or guaranty therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by any
Guarantied Party, and that the Credit Agreement, any Notes, and the other Loan Documents, including without limitation, any collateral security document or other guaranty or document in connection therewith may be amended, modified, supplemented or
terminated, in whole or in part, as the Guarantied Parties may deem advisable from time to time, and, to the extent permitted by applicable law, any collateral security or guaranty or right of offset at any time held by any Guarantied Party, for the
payment of the Borrower Obligations may be sold, exchanged, waived, surrendered or released, all without the necessity of any reservation of rights against Newco and without notice to or further assent by Newco which will remain bound hereunder
notwithstanding any such renewal, extension, modification, acceleration, compromise, amendment, supplement, termination, sale, exchange, waiver, surrender or release. No Guarantied Party shall have any obligation to protect, secure, perfect or
insure any collateral security document or property subject thereto at any time held as security for the Borrower Obligations. When making any demand hereunder against Newco, any Guarantied Party may, but shall be under no obligation to, make a
similar demand on any other party or any other guarantor and any failure by any Guarantied Party to make such demand or to collect any payments from any Credit Party or any such other guarantor shall not relieve Newco of its obligations or
liabilities hereunder, and shall not impair of affect the rights and remedies, express or implied, or as a matter of law, of any Guarantied Party, against Newco. For the purposes of this Section “demand” shall include the commencement and
continuance of legal proceedings. 

  

	 	5.	 Waiver of Newco. Newco waives the benefits of division and discussion and any and all notice of the creation, renewal, extension or accrual of the Borrower
Obligations, and notice of proof of reliance by any Guarantied Party upon this Guaranty or acceptance of this Guaranty, and the Borrower Obligations, and any of them, shall conclusively be deemed to have been created, contracted, continued or
incurred in reliance upon this Guaranty, and all dealings between Newco and any Guarantied Party shall likewise be conclusively presumed to have been had or consummated in reliance upon this Guaranty. Newco waives diligence, presentment, protest,
demand for payment and notice of default or nonpayment to or upon the relevant Borrower or Newco with respect to the relevant Borrower Obligations. This Guaranty shall be construed as continuing absolute and unconditional guaranty of payment without
regard to the validity, 

  

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regularity or enforceability of the Credit Agreement, any Note, or any other Loan Document, including, without limitation, any collateral security or
guaranty therefor or right to offset with respect thereto at any time or from time to time held by any Guarantied Party and without regard to any defense, setoff or counterclaim which may at any time be available to or may be asserted by any Credit
Party against any Guarantied Party or any other Person or by any other circumstance whatsoever (with or without notice to or knowledge of any Credit Party) which constitutes, or might be construed to constitute, an equitable or legal discharge of
any Credit Party for any of its Borrower Obligations, or of Newco under this Guaranty in bankruptcy or in any other instance, and the obligations and liabilities of Newco hereunder shall not be conditioned or contingent upon the pursuit by any
Guarantied Party or any other Person at any time of any right or remedy against any Borrower or against any other Person which may be or become liable in respect of any Borrower Obligations or against any collateral security or guaranty therefor or
right to offset with respect thereto. This Guaranty shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon Newco and its successors and assigns thereof, and shall inure to the benefit of the
Guarantied Parties and their successors, indorsees, tranferees and assigns, until all Borrower Obligations shall have been satisfied in full and the Commitments shall have been terminated. 

  

	 	6.	Reinstatement. This Guaranty shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Borrower Obligations is
rescinded or must otherwise be restored or returned by any Guarantied Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of Newco or any Borrower or upon or as a result of the appointment of a receiver, intervenor or
conservator of, or trustee or similar officer for, Newco, any Borrower or any substantial party of their respective property, or otherwise, all as though such payments had not been made. 

  

	 	7.	Representations and Warranties. Newco hereby represents and warrants that: 

  

	 	a)	Newco is duly organized, validly existing and in good standing under the laws of the State of Delaware and has full corporate power to execute, deliver and perform this Guaranty;

  

	 	b)	the execution, delivery and performance of this Guaranty have been and remain duly authorized by all necessary corporate action and do not contravene any provision of Newco’s
certificate of incorporation or by-laws, as amended to date, or any law, regulation, rule, decree, order, judgment or contractual restriction binding on Newco or its assets; 

  

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	 	c)	all consents, licenses, clearances, authorizations and approvals of, and registrations and declarations with, any governmental authority or regulatory body necessary for the due
execution, delivery and performance of this Guaranty have been obtained and remain in full force and effect and all conditions thereof have been duly complied with, and no other action by and no notice to or filing with, any governmental authority
or regulatory body is required in connection with the execution, delivery or performance of this Guaranty; and 

  

	 	d)	this Guaranty constitutes a legal, valid and binding obligation of Newco enforceable against Newco in accordance with its terms, subject to bankruptcy, insolvency, reorganization,
moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 

  

	 	8.	Covenants. Newco covenants and agrees that, so long as any part of the Borrower Obligations shall remain unpaid, any Letter of Credit shall be outstanding or any Lender shall
have any Commitment, Newco will perform and observe, and cause each other Credit Party to perform and observe, all of the terms, covenants, and agreements set forth in the Credit Agreement on its part or their part to be performed or observed.

  

	 	9.	Assignment. Newco may not assign its rights, interests or obligations hereunder to any other person (except by operation of law) without the prior written consent of
the Lenders pursuant to Section 10.01 of the Credit Agreement. 

  

	 	10.	Notices. All notices or demands on Newco shall be deemed effective when received, shall be in writing and shall be delivered by hand or registered mail, or by facsimile
transmission promptly confirmed by registered mail, addressed to Newco at: 

  

	 	c/o	Science Applications International Corporation 

 10260
Campus Point Drive 
 San Diego, CA 92121 
 Attention: Treasurer 
 or to such other address or fax number as Newco shall have notified the Guarantied
Party in a written notice delivered to the Guarantied Party in accordance with the Credit Agreement. 
  

	 	11.	Continuing Guaranty. This Guaranty shall remain in full force and effect and shall be binding on Newco, its successors and assigns until all Borrower Obligations shall
have been satisfied in full and the Commitments shall have been terminated. 

  

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	 	12.	Governing Law. THIS GUARANTY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

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 IN WITNESS WHEREOF, this Guaranty has been duly executed and delivered by Newco as of the date first
above written. 
  

			
	SAIC, INC.,
	a Delaware corporation
		
	By:	 	 /s/ STEVEN P. FISHER

	Name:	 	Steven P. Fisher
	Title:	 	Senior Vice President and Treasurer
	
	 CITICORP USA, INC.,
 as Administrative Agent
and as a Lender

		
	By:	 	 /s/ J. GREGORY DAVIS

	Name:	 	J. Gregory Davis
	Title:	 	Vice President

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