Document:

Exhibit 4.1

 THE BANK OF NEW YORK MELLON
  

  NEW YORK’S FIRST BANK-FOUNDED 1784 BY ALEXANDER HAMILTON

 2 HANSON PLACE, 12TH FLOOR, BROOKLYN, N.Y. 11217

 December 10, 2010

 Hennion & Walsh, Inc.

2001 Route 46, Waterview Plaza

Parsippany, New Jersey 07054

 Smart Trust, Enhanced Value II Trust (2010 Series H)

 Dear Sirs:

 The Bank of New York Mellon is acting as trustee for Smart Trust, Enhanced Value II Trust (2010 Series H) set forth above (the “Trust”). We enclosed a list of the Securities to be deposited in the Trust on the date hereof. The prices indicated therein reflect our evaluation of such Securities as of close of business on December 10, 2010, in accordance with the valuation method set forth in the Trust Indenture and Agreement. We consent to the reference to The Bank of New York Mellon as the party performing the evaluations of the Trust Securities in the Registration Statement (No. 333-170635) filed with the Securities and Exchange Commission with respect to the registration of the sale of the Trust Units and to the filing of this consent as an exhibit thereto.

	      	 Very truly yours,
	 	  
	 	 /s/ DEBORAH A. OWENS 
      

      
        Vice PresidentExhibit 10.1
  

EXECUTION COPY

U.S. $2,000,000,000

AMENDED AND RESTATED THREE YEAR CREDIT AGREEMENT

Dated as of December 9, 2010

Among

OMNICOM FINANCE INC.

OMNICOM CAPITAL INC.

and

OMNICOM FINANCE PLC

as Borrowers

OMNICOM GROUP INC.

as Guarantor

THE INITIAL LENDERS NAMED HEREIN

as Initial Lenders

CITIGROUP GLOBAL MARKETS INC. 

  J.P. MORGAN SECURITIES LLC 

  and

  MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 

  as Lead Arrangers and Book Managers

JPMORGAN CHASE BANK, N.A.

and

BANK OF AMERICA, N.A.

as Syndication Agents

     HSBC BANK USA,
  NATIONAL ASSOCIATION. 

  WELLS FARGO BANK, NATIONAL ASSOCIATION 

  and

  BANCO BILBAO VIZCAYA ARGENTARIA S.A., NEW YORK BRANCH 

  as Documentation Agents

and

CITIBANK, N.A.

as Administrative Agent

Omnicom: Three Year Credit Agreement

TABLE OF CONTENTS

		
	ARTICLE I	 
	  SECTION
      1.01. Certain Defined Terms	1
	  SECTION
      1.02. Computation of Time Periods	12
	  SECTION
      1.03. Accounting Terms	12
	ARTICLE II	 
	  SECTION
      2.01. The Advances and Letters of Credit	12
	  SECTION
      2.02. Making the Advances	13
	  SECTION
      2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit  	14
	  SECTION
      2.04. Fees	15
	  SECTION
      2.05. Optional Termination or Reduction of the Commitments	16
	  SECTION
      2.07. Repayment of Advances and Letter of Credit
      Drawings	16
	  SECTION
      2.07. Interest on Advances	17
	  SECTION
      2.08. Interest Rate Determination	17
	  SECTION
      2.09. Optional Conversion of Advances	19
	  SECTION
      2.10. Prepayments of Advances	19
	  SECTION
      2.11. Increased Costs	20
	  SECTION
      2.12. Illegality	20
	  SECTION
      2.13. Payments and Computations	21
	  SECTION
      2.14. Taxes	22
	  SECTION
      2.15. Sharing of Payments, Etc.	25
	  SECTION
      2.16. Evidence of Debt	25
	  SECTION
      2.17. Use of Proceeds	26
	  SECTION
      2.18. Increase in the Aggregate Commitments	26

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Omnicom: Three Year Credit Agreement

		
	  SECTION
      2.19. Defaulting Lenders	27
	ARTICLE III	 
	  SECTION
      3.01. Conditions Precedent to Effectiveness of Section
      2.01	29
	  SECTION
      3.02. Conditions Precedent to Each Borrowing, Each
      Issuance and each Commitment Increase.	30
	  SECTION
      3.03. Determinations Under Section 3.01	31
	ARTICLE IV	 
	  SECTION
      4.01. Representations and Warranties of the Guarantor	31
	ARTICLE V	 
	  SECTION
      5.01. Affirmative Covenants	32
	  SECTION
      5.02. Negative Covenants	34
	  SECTION
      5.03. Financial Covenants	36
	ARTICLE VI	 
	  SECTION
      6.01. Events of Default	37
	  SECTION
      6.02. Actions in Respect of Letters of Credit upon
      Default	38
	ARTICLE VII	 
	  SECTION
      7.01. Guaranty	39
	  SECTION
      7.02. Guaranty Absolute	39
	  SECTION
      7.03. Waivers and Acknowledgements	40
	  SECTION
      7.04. Subrogation	40
	  SECTION
      7.05. Subordination	41
	  SECTION
      7.06. Continuing Guaranty; Assignments	41
	ARTICLE VIII	 
	  SECTION
      8.01. Authorization and Authority	42
	  SECTION
      8.02. Agent Individually	42

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Omnicom: Three Year Credit Agreement

		
	  SECTION
      8.03. Duties of Agent; Exculpatory Provisions	42
	  SECTION
      8.04. Reliance by Agent	43
	  SECTION
      8.05. Delegation of Duties	43
	  SECTION
      8.06. Resignation of Agent	43
	  SECTION
      8.07. Non-Reliance on Agent and Other Lenders	44
	  SECTION
      8.08. No Other Duties, Etc	45
	ARTICLE IX	 
	  SECTION
      9.01. Amendments, Etc.	45
	  SECTION
      9.02. Notices, Etc.	45
	  SECTION
      9.03. No Waiver; Remedies	46
	  SECTION
      9.04. Costs and Expenses	46
	  SECTION
      9.05. Right of Set-off	47
	  SECTION
      9.06. Binding Effect	48
	  SECTION
      9.07. Assignments and Participations	48
	  SECTION
      9.08. Confidentiality	50
	  SECTION
      9.09. Governing Law	50
	  SECTION
      9.10. Execution in Counterparts	50
	  SECTION
      9.11. Judgment	50
	  SECTION
      9.12. Jurisdiction, Etc.	51
	  SECTION
      9.13. Substitution of Currency	51
	  SECTION
      9.14. No Liability of the Issuing Banks	51
	  SECTION
      9.15. Patriot Act	52
	  SECTION
      9.16. Waiver of Jury Trial	52

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Omnicom: Three Year Credit Agreement

			
	Schedules
	Schedule I - List of
      Applicable Lending Offices
	Schedule 2.01(b) –
      Existing Letters of Credit
	Schedule 3.01(b) -
      Disclosed Litigation
	Schedule 5.02(a) -
      Existing Liens
	Schedule 5.02(d) -
      Existing Debt
	 
	Exhibits	 	 
	Exhibit A	-	Form of Note
	Exhibit B	-	Form of Notice of Borrowing
	Exhibit C	-	Form of Assignment
      and Acceptance
	Exhibit D-1	-	Form of Opinion of
      New York Counsel for the Loan Parties
	Exhibit D-2	-	Form of Opinion of
      English Counsel for OFP

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Omnicom: Three Year Credit Agreement

AMENDED AND RESTATED THREE YEAR CREDIT AGREEMENT

Dated as of December 9, 2010

     OMNICOM FINANCE
INC., a Delaware corporation (“OFI”), OMNICOM CAPITAL INC., a
Connecticut corporation (“OCI”), and OMNICOM FINANCE PLC, a
corporation organized under the laws of England and Wales
(“OFP”; OFI, OCI and OFP are each a “Borrower”
and collectively, the “Borrowers”), OMNICOM GROUP INC., a New
York corporation (the “Guarantor”), the banks, financial
institutions and other institutional lenders (the “Initial
Lenders”) and initial issuing banks (the “Initial Issuing
Banks”) listed on the signature pages hereof, CITIGROUP GLOBAL MARKETS
INC., J.P. MORGAN SECURITIES LLC and MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED, as lead arrangers and book managers, JPMORGAN CHASE BANK, N.A. and
BANK OF AMERICA, N.A., as syndication agents, HSBC BANK USA, NATIONAL
ASSOCIATION, WELLS FARGO BANK, NATIONAL ASSOCIATION and BANCO BILBAO VIZCAYA
ARGENTARIA S.A., NEW YORK BRANCH, as documentation agents, and CITIBANK, N.A.
(“Citibank”), as administrative agent (the
“Agent”) for the Lenders (as hereinafter defined), agree as
follows:

     PRELIMINARY STATEMENT. The Borrowers, the Guarantor, the lenders parties thereto and Citibank, as agent, are parties to an Amended and Restated Five Year Credit Agreement dated as of June 23, 2006 (the “Existing Credit Agreement”). Subject to the satisfaction of the conditions set forth in Section 3.01, the Borrowers, the Guarantor, the lenders parties hereto and Citibank, as Agent, desire to amend and restate the Existing Credit Agreement as herein set forth.

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

     SECTION 1.01. Certain Defined Terms. As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined):

       “Advance” means an advance by an Issuing Bank or a Lender pursuant to Section 2.03(c) or by a Lender to a Borrower as part of a Borrowing pursuant to Section 2.01 and may refer to a Base Rate Advance or a Eurocurrency Rate Advance (each of which shall be a “Type” of Advance).

       “Affiliate” means, as to any Person, any other Person (other than an individual) that, directly or indirectly, controls, is controlled by or is under common control with such Person; provided that, for purposes of Section 5.01(h), an Affiliate of a Borrower shall include any Person that (x) is a director or officer of such Person or (y) has the possession, direct or indirect, of the power to vote 5% or more of the Voting Stock of such Person. A Person shall be deemed to control another Person if such Person possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of Voting Stock, by contract or otherwise.

       “Agent’s Account” means (a) in the case of Advances denominated in Dollars, the account of the Agent maintained by the Agent at Citibank at its office at 1615 Brett Road, Building #3, New Castle, Delaware 19720, Account No. 36852248, Attention: Bank Loan Syndications, (b) in the case of Advances denominated in any Committed Currency, the account of the Sub-Agent designated in writing from time to time by the Agent to the Borrowers and the Lenders for such purpose and (c) in any such case, such other account of the Agent as is designated in writing from time to time by the Agent to the Borrowers and the Lenders for such purpose.

       “Applicable Lending Office” means, with respect to each Lender, such Lender’s Domestic Lending Office in the case of a Base Rate Advance and such Lender’s Eurocurrency Lending Office in the case of a Eurocurrency Rate Advance.

Omnicom: Three Year Credit Agreement

       “Applicable Margin” means as of any date, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below:

	Public Debt Rating

S&P/Moody’s	Applicable Margin for

Eurocurrency Rate

      Advances	Applicable Margin for

Base Rate Advances

	Level 1

      A+ or A1 or above	0.875%	0.000%
	Level 2

      A or A2	0.975%	0.000%
	Level 3

      A- or A3	1.075%	0.075%
	Level 4

      BBB+ or Baa1	1.300%	0.300%
	Level 5

      BBB or Baa2	1.500%	0.500%
	Level 6

      Lower than Level 5	1.875%	0.875%

       “Applicable Percentage” means, as of any date, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below:

	Public Debt Rating

      S&P/Moody’s	Applicable

      Percentage
	Level 1

      A+ or A1 or above	0.125%
	Level 2

      A or A2	0.150%
	Level 3

      A- or A3	0.175%
	Level 4

      BBB+ or Baa1	0.200%
	Level 5

      BBB or Baa2	0.250%
	Level 6

      
      Lower than Level 5	0.375%

       “Assignment and Acceptance” means an assignment and acceptance entered into by a Lender and an Eligible Assignee, and accepted by the Agent, in substantially the form of Exhibit C hereto.

       “Assuming Lender” has the meaning specified in Section 2.18(d).

       “Assumption Agreement” has the meaning specified in Section 2.18(d)(ii).

       “Available Amount” of any Letter of Credit means, at any time, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing).

       “Bankruptcy Law” means Title 11, U.S. Code, or any similar foreign, federal or state law for the relief of debtors.

       “Base Rate” means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

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Omnicom: Three Year Credit Agreement

  
         (a) the rate of interest announced publicly by Citibank in New York, New York, from time to time, as Citibank’s base rate;

         (b) 1⁄2 of one percent per annum above the Federal Funds Rate; and

         (c) the British Bankers Association Interest Settlement Rate applicable to Dollars for a period of one month (“One Month LIBOR”) plus 1.00% (for the avoidance of doubt, the One Month LIBOR for any day shall be based on the rate appearing on Reuters LIBOR01 Page (or any successor or substitute page of Reuters, or any successor to or substitute for Reuters, providing rate quotations comparable to those currently provided on such page of Reuters, as determined by the Agent from time to time for purposes of providing quotations of interest rates applicable to deposits in Dollars by reference to the British Bankers Association Interest Settlement Rates for deposits in Dollars) at approximately 11:00 A.M. London time on such day).

  

       “Base Rate Advance” means an Advance denominated in Dollars that bears interest as provided in Section 2.07(a)(i).

       “Borrowing” means (a) with respect to the making of Advances (i) a borrowing consisting of simultaneous Advances of the same Type made by each of the Lenders pursuant to Section 2.01 or (ii) a borrowing consisting of the Advances made pursuant to Section 2.03(c) by each of the Lenders, other than the applicable Issuing Bank, and by such Issuing Bank, to the extent of its Ratable Share of its payment of a draft drawn on a Letter of Credit that is not reimbursed by the applicable Borrower on the date made; and (b) in other contexts (i) that portion of the Advances comprised of all outstanding Base Rate Advances and (ii) that portion of the Advances converted into, or continued as, Eurocurrency Rate Advances having the same Interest Period.

       “Borrowing Minimum” means, in respect of Advances denominated in Dollars, $10,000,000, in respect of Advances denominated in Sterling, £10,000,000 and, in respect of Advances denominated in Euro, €10,000,000.

       “Borrowing Multiple” means, in respect of Advances denominated in Dollars, $1,000,000 in respect of Advances denominated in Sterling, £1,000,000 and, in respect of Advances denominated in Euro, €1,000,000.

       “Business Day” means a day of the year on which banks are not required or authorized by law to close in New York City and, if the applicable Business Day relates to any Eurocurrency Rate Advances, on which dealings are carried on in the London interbank market and banks are open for business in London and in the country of issue of the currency of such Eurocurrency Rate Advance (or, in the case of an Advance denominated in Euro, on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open).

       “Commitment” means a Revolving Credit Commitment or a Letter of Credit Commitment.

       “Commitment Date” has the meaning specified in Section 2.18(b).

       “Commitment Increase” has the meaning specified in Section 2.18(a).

       “Committed Currencies” means lawful currency of the United Kingdom of Great Britain and Northern Ireland and Euro.

       “Confidential Information” means information that a Loan Party furnishes to the Agent or any Lender in a writing designated as confidential.

       “Consolidated” refers to the consolidation of accounts in accordance with GAAP.

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Omnicom: Three Year Credit Agreement

       “Convert”, “Conversion” and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.

       “CTA” means the UK Corporation Tax Act 2009.

       “Debt” of any Person
means, without duplication, (a) all indebtedness of such Person for borrowed
money, (b) all obligations of such Person for the deferred purchase price of
property or services (other than earn-out payment obligations of such Person in
connection with the purchase of property or services to the extent they are
still contingent), (c) all obligations of such Person evidenced by notes, bonds,
debentures or other similar instruments, (d) all obligations of such Person
created or arising under any conditional sale or other title retention agreement
with respect to property acquired by such Person (even though the rights and
remedies of the seller or lender under such agreement in the event of default
are limited to repossession or sale of such property), (e) all obligations of
such Person as lessee under leases that have been or should be, in accordance
with GAAP, recorded as capital leases, (f) all obligations, contingent or
otherwise, of such Person in respect of acceptances, letters of credit or
similar extensions of credit, (g) all obligations of such Person in respect of
Hedge Agreements, (h) all Debt of others referred to in clauses (a) through (g)
above or clause (i) below and other payment obligations guaranteed directly or
indirectly in any manner by such Person, or in effect guaranteed directly or
indirectly by such Person through an agreement (1) to pay or purchase such Debt
or to advance or supply funds for the payment or purchase of such Debt, (2) to
purchase, sell or lease (as lessee or lessor) property, or to purchase or sell
services, primarily for the purpose of enabling the debtor to make payment of
such Debt or to assure the holder of such Debt against loss, (3) to supply funds
to or in any other manner invest in the debtor (including any agreement to pay
for property or services irrespective of whether such property is received or
such services are rendered) or (4) otherwise to assure a creditor against loss,
and (i) all Debt referred to in clauses (a) through (h) above secured by (or for
which the holder of such Debt has an existing right, contingent or otherwise, to
be secured by) any Lien on property (including, without limitation, accounts and
contract rights) owned by such Person, even though such Person has not assumed
or become liable for the payment of such Debt.

       “Debt for Borrowed Money” of any Person means all items that, in accordance with GAAP, would be classified as indebtedness on a Consolidated balance sheet of such Person.

       “Default” means any Event of Default or any event that would constitute an Event of Default but for the requirement that notice be given or time elapse or both.

       “Defaulting
Lender” means, subject to Section 2.19(d), at any time, any Lender
that, at such time (a) has failed to perform any of its funding obligations
hereunder, including in respect of its Advances or participations in respect of
Letters of Credit, within two Business Days of the date required to be funded by
it hereunder, (b) has notified the Borrowers or the Agent in writing that it
does not intend to comply with its funding obligations generally or has made a
public statement to that effect with respect to its funding obligations
hereunder or generally under other agreements in which it commits to extend
credit, (c) has failed, within three Business Days after written request by the
Agent (based on its reasonable belief that such Lender may not fulfill its
funding obligations hereunder), to confirm in a manner satisfactory to the Agent
that it will comply with its funding obligations hereunder, provided that
such Lender shall cease to be a Defaulting Lender upon receipt of such written
confirmation by the Agent and the Agent’s written notice to the Defaulting
Lender and the Borrowers that such confirmation is satisfactory, or (d) has, or
has a direct or indirect parent company that has, (i) become the subject of a
proceeding under any debtor relief law, (ii) had a receiver, conservator,
trustee, administrator, assignee for the benefit of creditors or similar Person
charged with reorganization or liquidation of its business or a custodian
appointed for it, or (iii) taken any action in furtherance of, or indicated its
consent to, approval of or acquiescence in any such proceeding or appointment;
provided that a Lender shall not be a Defaulting Lender solely by virtue
of the control, ownership or acquisition of any equity interest in that Lender
or any direct or indirect parent company thereof by a governmental authority, so
long as such ownership interest does not result in or provide such Lender with
immunity from the jurisdiction of courts within the United States or from
the

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Omnicom: Three Year Credit Agreement

  enforcement of judgments or writs of attachment on its assets or permit such Lender (or such governmental authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Person.

       “Disclosed Litigation” has the meaning specified in Section 3.01(b).

       “Dollars” and the “$” sign each means lawful currency of the United States of America.

       “Domestic Lending Office” means, with respect to any Lender, the office of such Lender specified as its “Domestic Lending Office” opposite its name on Schedule I hereto or in the Assumption Agreement or the Assignment and Acceptance pursuant to which it became a Lender, or such other office of such Lender as such Lender may from time to time specify to the Borrowers and the Agent.

       “EBITDA” means, for any period, net income (or net loss) plus the sum of (a) net interest expense, (b) income tax expense, (c) depreciation expense and (d) amortization expense, in each case determined in accordance with GAAP for such period.

       “Effective Date” has the meaning specified in Section 3.01.

       “Eligible Assignee” means (i) a Lender; (ii) an Affiliate of a Lender; and (iii) any other Person approved by the Agent, each Issuing Bank and, unless an Event of Default has occurred and is continuing at the time any assignment is effected in accordance with Section 9.07, the Guarantor, such approval not to be unreasonably withheld or delayed; provided, however, that neither the Guarantor nor an Affiliate of the Guarantor shall qualify as an Eligible Assignee.

       “Environmental Action” means any action, suit, demand, demand letter, claim, notice of non-compliance or violation, notice of liability or potential liability, investigation, proceeding, consent order or consent agreement relating in any way to any Environmental Law, Environmental Permit or hazardous materials or arising from alleged injury or threat of injury to health, safety or the environment, including, without limitation, (a) by any governmental or regulatory authority for enforcement, cleanup, removal, response, remedial or other actions or damages and (b) by any governmental or regulatory authority or any third party for damages, contribution, indemnification, cost recovery, compensation or injunctive relief.

       “Environmental Law” means any federal, state, local or foreign statute, law, ordinance, rule, regulation, code, order, judgment, decree or judicial or agency interpretation, policy or guidance relating to pollution or protection of the environment, health, safety or natural resources, including, without limitation, those relating to the use, handling, transportation, treatment, storage, disposal, release or discharge of hazardous materials.

       “Environmental Permit” means any permit, approval, identification number, license or other authorization required under any Environmental Law.

       “Equivalent” in Dollars of any Committed Currency on any date means the equivalent in Dollars of such Committed Currency determined by using the quoted spot rate at which the Sub-Agent’s principal office in London offers to exchange Dollars for such Committed Currency in London at approximately 4:00 P.M. (London time) (unless otherwise indicated by the terms of this Agreement) on such date as is required pursuant to the terms of this Agreement, and the “Equivalent” in any Committed Currency of Dollars means the equivalent in such Committed Currency of Dollars determined by using the quoted spot rate at which the Sub-Agent’s principal office in London offers to exchange such Committed Currency for Dollars in London at approximately 4:00 P.M. (London time) (unless otherwise indicated by the terms of this Agreement) on such date as is required pursuant to the terms of this Agreement.

       “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings issued thereunder.

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Omnicom: Three Year Credit Agreement

       “ERISA Affiliate” means any Person that for purposes of Title IV of ERISA is a member of the Guarantor’s controlled group, or under common control with the Guarantor, within the meaning of Section 414 of the Internal Revenue Code.

       “ERISA
Event” means (a) (i) the occurrence of a reportable event, within the
meaning of Section 4043 of ERISA, with respect to any Plan unless the 30-day
notice requirement with respect to such event has been waived by the PBGC, or
(ii) the requirements of subsection (1) of Section 4043(b) of ERISA (without
regard to subsection (2) of such Section) are met with respect to a contributing
sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event
described in paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA
is reasonably expected to occur with respect to such Plan within the following
30 days; (b) the application for a minimum funding waiver with respect to a
Plan; (c) the provision by the administrator of any Plan of a notice of intent
to terminate such Plan pursuant to Section 4041(a)(2) of ERISA (including any
such notice with respect to a plan amendment referred to in Section 4041(e) of
ERISA); (d) the cessation of operations at a facility of the Guarantor or any
ERISA Affiliate in the circumstances described in Section 4062(e) of ERISA; (e)
the withdrawal by the Guarantor or any ERISA Affiliate from a Multiple Employer
Plan during a plan year for which it was a substantial employer, as defined in
Section 4001(a)(2) of ERISA; (f) the conditions for the imposition of a lien
under Section 303(k) of ERISA shall have been met with respect to any Plan; or
(g) the institution by the PBGC of proceedings to terminate a Plan pursuant to
Section 4042 of ERISA, or the occurrence of any event or condition described in
Section 4042 of ERISA that constitutes grounds for the termination of, or the
appointment of a trustee to administer, a Plan.

       “EURIBO
Rate” means, for any Interest Period for each Eurocurrency Rate Advance
comprising part of the same Borrowing, the rate per annum appearing on Reuters
EURIBOR01 page (or on any successor or substitute page of Reuters, or any
successor to or substitute for Reuters, providing rate quotations comparable to
those currently provided on such page of Reuters, as determined by the Agent
from time to time for purposes of providing quotations of interest rates
applicable to deposits in Euro by reference to the Banking Federation of the
European Union Settlement Rates for deposits in Euro) at approximately 10:00
A.M., London time, two Business Days prior to the commencement of such Interest
Period, as the rate for deposits in Euro with a maturity comparable to such
Interest Period or, if for any reason such rate is not available, the average
(rounded upward to the nearest whole multiple of 1/16 of 1% per annum, if such
average is not such a multiple) of the respective rates per annum at which
deposits in Euro are offered by the principal office of each of the Reference
Banks in London, England to prime banks in the London interbank market at 11:00
A.M. (London time) two Business Days before the first day of such Interest
Period in an amount substantially equal to such Reference Bank’s
Eurocurrency Rate Advance comprising part of such Borrowing to be outstanding
during such Interest Period and for a period equal to such Interest Period
(subject, however, to the provisions of Section 2.08).

       “Euro” means the lawful currency of the European Union as constituted by the Treaty of Rome which established the European Community, as such treaty may be amended from time to time and as referred to in the EMU legislation.

       “Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the Board of Governors of the Federal Reserve System, as in effect from time to time.

       “Eurocurrency Lending Office” means, with respect to any Lender, the office of such Lender specified as its “Eurocurrency Lending Office” opposite its name on Schedule I hereto or in the Assumption Agreement or the Assignment and Acceptance pursuant to which it became a Lender (or, if no such office is specified, its Domestic Lending Office), or such other office of such Lender as such Lender may from time to time specify to the Borrowers and the Agent.

       “Eurocurrency Rate” means, for any Interest Period for each Eurocurrency Rate Advance comprising part of the same Borrowing, an interest rate per annum equal to the rate per annum obtained by dividing (a)(i) in the case of any Advance denominated in Dollars or any Committed Currency other than

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Omnicom: Three Year Credit Agreement

  Euro, the rate per annum (rounded upward to the
nearest whole multiple of 1/16 of 1% per annum) appearing on Reuters LIBOR01
Page (or any successor page) as the London interbank offered rate for deposits
in Dollars or the applicable Committed Currency at approximately 11:00 A.M.
(London time) two Business Days prior to the first day of such Interest Period
for a term comparable to such Interest Period or, if for any reason such rate is
not available (but subject to the provisions of Section 2.08), the average
(rounded upward to the nearest whole multiple of 1/16 of 1% per annum, if such
average is not such a multiple) of the rate per annum at which deposits in
Dollars or the applicable Committed Currency is offered by the principal office
of each of the Reference Banks in London, England to prime banks in the London
interbank market at 11:00 A.M. (London time) two Business Days before the first
day of such Interest Period in an amount substantially equal to such Reference
Bank’s Eurocurrency Rate Advance comprising part of such Borrowing to be
outstanding during such Interest Period and for a period equal to such Interest
Period or, (ii) in the case of any Advance denominated in Euro, the EURIBO Rate
by (b) a percentage equal to 100% minus the Eurocurrency Rate Reserve Percentage
for such Interest Period.

       “Eurocurrency Rate Advance” means an Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

       “Eurocurrency Rate Reserve Percentage” for any Interest Period for all Eurocurrency Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurocurrency Rate Advances is determined) having a term equal to such Interest Period.

       “Events of Default” has the meaning specified in Section 6.01.

       “FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as in effect on the date hereof.

       “Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal for each day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three Federal funds brokers of recognized standing selected by it.

       “GAAP” has the meaning specified in Section 1.03.

       “Guaranteed Obligations” has the meaning specified in Section 7.01.

       “Guaranty” means the provisions of Article VII.

       “Hedge Agreements” means interest rate swap, cap or collar agreements, interest rate future or option contracts, currency swap agreements, currency future or option contracts and other similar agreements.

       “Increase Date” has the meaning specified in Section 2.18(a).

       “Increasing Lender” has the meaning specified in Section 2.18(b).

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Omnicom: Three Year Credit Agreement

       “Information Memorandum” means the information memorandum dated November 1, 2010 used by the Agent in connection with the syndication of the Commitments.

       “Interest
Period” means, for each Eurocurrency Rate Advance comprising part of
the same Borrowing, the period commencing on the date of such Eurocurrency Rate
Advance or the date of the Conversion of any Base Rate Advance into such
Eurocurrency Rate Advance and ending on the last day of the period selected by
the applicable Borrower pursuant to the provisions below and, thereafter, with
respect to Eurocurrency Rate Advances, each subsequent period commencing on the
last day of the immediately preceding Interest Period and ending on the last day
of the period selected by such Borrower pursuant to the provisions below. The
duration of each such Interest Period shall be one, two, three or six months,
and subject to clause (c) of this definition, nine or twelve months, as the
applicable Borrower may, upon notice received by the Agent not later than 11:00
A.M. (New York City time) on the third Business Day prior to the first day of
such Interest Period, select; provided, however, that:

  
         (a) the Borrowers may not select any Interest Period that ends after the Termination Date;

         (b) Interest Periods commencing on the same date for Eurocurrency Rate Advances comprising part of the same Borrowing shall be of the same duration;

         (c) in the case of any such Borrowing, the Borrowers shall not be entitled to select an Interest Period having duration of nine or twelve months unless, by 2:00 P.M. (New York City time) on the third Business Day prior to the first day of such Interest Period, each Lender notifies the Agent that such Lender will be providing funding for such Borrowing with such Interest Period (the failure of any Lender to so respond by such time being deemed for all purposes of this Agreement as an objection by such Lender to the requested duration of such Interest Period); provided that, if any or all of the Lenders object to the requested duration of such Interest Period, the duration of the Interest Period for such Borrowing shall be one, two, three or six months, as specified by the Borrower requesting such Borrowing in the applicable Notice of Borrowing as the desired alternative to an Interest Period of nine or twelve months;

         (d) whenever the last day of any Interest
      Period would otherwise occur on a day other than a Business Day, the last
      day of such Interest Period shall be extended to occur on the next succeeding
      Business Day; provided, however, that, if such extension would
      cause the last day of such Interest Period to occur in the next following
      calendar month, the last day of such Interest Period shall occur on the
      next preceding Business Day; and

         (e) whenever the first day of any Interest Period occurs on a day of an initial calendar month for which there is no numerically corresponding day in the calendar month that succeeds such initial calendar month by the number of months in such Interest Period, such Interest Period shall end on the last Business Day of such succeeding calendar month.

  

       “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated and rulings issued thereunder.

       “Issuing Bank” means an Initial Issuing Bank or any Eligible Assignee to which a portion of the Letter of Credit Commitments hereunder has been assigned pursuant to Section 9.07 so long as such Eligible Assignee expressly agrees to perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as an Issuing Bank and notifies the Agent of its Applicable Lending Office (which information shall be recorded by the Agent in the Register), for so long as such Initial Issuing Bank or Eligible Assignee, as the case may be, shall have a Letter of Credit Commitment.

       “ITA” means the UK Income
    Tax Act 2007.

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Omnicom: Three Year Credit Agreement

       “L/C Cash Deposit Account” means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon such terms as may be reasonably satisfactory to the Agent.

       “L/C Related Documents” has the meaning specified in Section 2.06(b)(i).

       “Lenders” means the Initial Lenders, each Issuing Bank, each Assuming Lender that shall become a party hereto pursuant to Section 2.18 and each Person that shall become a party hereto pursuant to Section 9.07.

       “Letter of Credit” has the meaning specified in Section 2.01(b).

       “Letter of Credit Agreement” has the meaning specified in Section 2.03(a).

       “Letter of Credit Commitment” means, with respect to each Issuing Bank, the obligation of such Issuing Bank to issue Letters of Credit for the account of the Borrowers in (a) the maximum aggregate Available Amount set forth opposite such Issuing Bank’s name on the signature pages hereto under the caption “Letter of Credit Commitment” or (b) if such Issuing Bank has entered into one or more Assignment and Acceptances, the amount set forth for such Issuing Bank in the Register maintained by the Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, in each case as such amount may be reduced prior to such time pursuant to Section 2.05.

       “Letter of Credit Facility” means, at any time, an amount equal to the least of (a) the aggregate amount of the Issuing Banks’ Letter of Credit Commitments at such time, (b) $100,000,000 and (c) the aggregate amount of the Revolving Credit Commitments, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

       “Lien” means any lien, security interest or other charge or encumbrance of any kind, or any other type of preferential arrangement intended to provide security for the payment or performance of an obligation, including, without limitation, the lien or retained security title of a conditional vendor and any easement, right of way or other encumbrance on title to real property.

       “Loan Party” means each Borrower and the Guarantor.

       “Material Adverse Change” means any material adverse change in the business, condition (financial or otherwise), operations, performance or properties of the Guarantor or the Guarantor and its Subsidiaries taken as a whole.

       “Material Adverse Effect” means a material adverse effect on (a) the business, condition (financial or otherwise), operations, performance or properties of the Guarantor or the Guarantor and its Subsidiaries taken as a whole, (b) the rights and remedies of the Agent or any Lender under this Agreement or any Note or (c) the ability of any Loan Party to perform its obligations under this Agreement or any Note.

       “Moody’s” means Moody’s Investors Service, Inc.

       “Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which the Guarantor or any ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of the preceding five plan years made or accrued an obligation to make contributions.

       “Multiple Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is maintained for employees of the Guarantor or any ERISA Affiliate and at least one Person other than the Guarantor and the ERISA Affiliates or (b) was so maintained and in respect of which the Guarantor or any ERISA Affiliate could have liability under Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated.

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Omnicom: Three Year Credit Agreement

       “Note” means a promissory note of a Borrower payable to the order of any Lender, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A hereto, evidencing the aggregate indebtedness of such Borrower to such Lender resulting from the Advances made by such Lender to such Borrower.

       “Notice of Borrowing” has the meaning specified in Section 2.02(a).

       “Notice of Issuance” has the meaning specified in Section 2.03(a).

       “Payment Office” means, for any Committed Currency, such office of Citibank as shall be from time to time selected by the Agent and notified by the Agent to the Borrowers and the Lenders.

       “PBGC” means the Pension Benefit Guaranty Corporation (or any successor).

       “Permitted
Liens” means such of the following as to which no enforcement,
collection, execution, levy or foreclosure proceeding shall have been commenced:
(a) Liens for taxes, assessments and governmental charges or levies to the
extent not required to be paid under Section 5.01(b) hereof; (b) Liens imposed
by law, such as materialmen’s, mechanics’, carriers’,
workmen’s and repairmen’s Liens and other similar Liens arising in the
ordinary course of business securing obligations that are not overdue for a
period of more than 30 days or that are being contested in good faith and by
appropriate proceedings that prevent the forfeiture or sale of the assets
subject to such Lien; (c) pledges or deposits to secure obligations under
workers’ compensation laws or similar legislation or to secure public or
statutory obligations or, in any such case, to secure reimbursement obligations
under letters of credit or bonds issued to support such obligations; and (d)
easements, rights of way and other encumbrances on title to real property that
do not render title to the property encumbered thereby unmarketable or
materially adversely affect the use of such property for its present
purposes.

       “Person” means an individual, partnership, corporation (including a business trust), joint stock company, trust, unincorporated association, joint venture, limited liability company or other entity, or a government or any political subdivision or agency thereof.

       “Plan” means a Single Employer Plan or a Multiple Employer Plan.

       “Post-Petition Interest” has the meaning specified in Section 7.05.

       “Public
Debt Rating” means, as of any date, the rating that has been most
recently announced by either S&P or Moody’s, as the case may be, for
any class of non-credit enhanced long-term senior unsecured debt issued by the
Guarantor or, if either such rating agency shall have issued more than one such
rating, the lowest such rating issued by such rating agency. For purposes of the
foregoing, (a) if only one of S&P and Moody’s shall have in effect a
Public Debt Rating, the Applicable Margin and the Applicable Percentage shall be
determined by reference to the available rating; (b) if neither S&P nor
Moody’s shall have in effect a Public Debt Rating, the Applicable Margin
and the Applicable Percentage will be set in accordance with Level 6 under the
definition of “Applicable Margin” or “Applicable
Percentage”, as the case may be; (c) if the ratings established by
S&P and Moody’s shall fall within different levels, the Applicable
Margin and the Applicable Percentage shall be based upon the higher rating
unless such rating differs by two or more levels, in which case the applicable
level will be deemed to be one level above the lower of such levels; (d) if any
rating established by S&P or Moody’s shall be changed, such change
shall be effective as of the date on which such change is first announced
publicly by the rating agency making such change; and (e) if S&P or
Moody’s shall change the basis on which ratings are established, each
reference to the Public Debt Rating announced by S&P or Moody’s, as the
case may be, shall refer to the then equivalent rating by S&P or
Moody’s, as the case may be.

       “Ratable Share” of any amount means, with respect to any Lender at any time, the product of such amount times a fraction the numerator of which is the amount of such Lender’s Revolving Credit

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Omnicom: Three Year Credit Agreement

  Commitment at such time (or, if the Revolving Credit Commitments shall have been terminated pursuant to Section 2.05 or 6.01, the aggregate principal amount of such Lender’s Advances) and the denominator of which is the aggregate amount of all Revolving Credit Commitments at such time (or, if the Revolving Credit Commitments shall have been terminated pursuant to Section 2.05 or 6.01, the aggregate principal amount of all outstanding Advances).

       “Reference Banks” means Citibank, JPMorgan Chase Bank, N.A., HSBC Bank USA, National Association and Bank of America, Merrill Lynch

       “Register” has the meaning specified in Section 9.07(d).

       “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates.

       “Required Lenders” means at any time Lenders owed at least a majority in interest of the then aggregate unpaid principal amount (based on the Equivalent in Dollars at such time) of the Advances owing to Lenders, or, if no such principal amount is then outstanding, Lenders having at least a majority in interest of the Revolving Credit Commitments; provided that if any Lender shall be a Defaulting Lender at such time, there shall be excluded from the determination of Required Lenders at such time the Revolving Credit Commitments of such Defaulting Lender at such time.

       “Revolving Credit Commitment” means as to any Lender (a) the Dollar amount set forth opposite such Lender’s name on the signature pages hereof as such Lender’s “Revolving Credit Commitment”, (b) if such Lender has become a Lender hereunder pursuant to an Assumption Agreement, the Dollar amount set forth in such Assumption Agreement or (c) if such Lender has entered into any Assignment and Acceptance, the Dollar amount set forth for such Lender in the Register maintained by the Agent pursuant to Section 9.07(d), as such amount may be reduced pursuant to Section 2.05 or increased pursuant to Section 2.18.

       “S&P” means Standard & Poor’s Financial Services LLC.

       “SEC” has the meaning specified in Section 5.01(i)(iv).

       “Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is maintained for employees of the Guarantor or any ERISA Affiliate and no Person other than the Guarantor and the ERISA Affiliates or (b) was so maintained and in respect of which the Guarantor or any ERISA Affiliate could have liability under Section 4069 of ERISA in the event such plan has been or were to be terminated.

       “SL Scheme” means the Syndicated Loan Scheme as described in the Syndicated Loan Scheme Guidelines published by HM Revenue & Customs and dated September 2010.

       “Sub-Agent” means Citibank International plc.

       “Subordinated Obligations” has the meaning specified in Section 7.05.

       “Subsidiary” of any Person means any corporation, partnership, joint venture, limited liability company, trust or estate of which (or in which) more than 50% of (a) the issued and outstanding Voting Stock of such Person, (b) the interest in the capital or profits of such limited liability company, partnership or joint venture or (c) the beneficial interest in such trust or estate is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such Person’s other Subsidiaries.

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Omnicom: Three Year Credit Agreement

       “Termination Date” means the earlier of (a) December 9, 2013 and (b) the date of termination in whole of the Commitments pursuant to Section 2.05 or 6.01.

       “Unissued Letter of Credit Commitment” means, with respect to any Issuing Bank, the obligation of such Issuing Bank to issue Letters of Credit for the account of the Borrowers in an amount equal to the excess of (a) the amount of its Letter of Credit Commitment over (b) the aggregate Available Amount of all Letters of Credit issued by such Issuing Bank.

       “Unused Commitment” means, with respect to each Lender at any time, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Advances made by such Lender (in its capacity as a Lender) and outstanding at such time, plus (ii) such Lender’s Ratable Share of (A) the aggregate Available Amount of all the Letters of Credit outstanding at such time and (B) the aggregate principal amount of all Advances made by each Issuing Bank pursuant to Section 2.03(c) that have not been ratably funded by such Lender and are outstanding at such time.

       “Voting Stock” means capital stock issued by a corporation, or equivalent interests in any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been suspended by the happening of such a contingency.

     SECTION 1.02. Computation of Time Periods. In this Agreement in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding”.

     SECTION 1.03. Accounting Terms. All accounting terms not specifically defined herein shall be construed in accordance with U.S. generally accepted accounting principles consistent with those applied in the preparation of the financial statements referred to in Section 4.01(e) (“GAAP”).

ARTICLE II

AMOUNTS AND TERMS OF THE ADVANCES AND LETTERS OF CREDIT

     SECTION 2.01.
The Advances and Letters of Credit. (a) The Advances. Each Lender
severally agrees, on the terms and conditions hereinafter set forth, to make
Advances to the Borrowers from time to time on any Business Day during the
period from the Effective Date until the Termination Date in an amount (based in
respect of any Advances to be denominated in a Committed Currency by reference
to the Equivalent thereof in Dollars determined on the date of delivery of the
applicable Notice of Borrowing) not to exceed such Lender’s Unused
Commitment at such time. Each Borrowing under this Section 2.01(a) shall be in
an amount not less than the Borrowing Minimum or an integral multiple of the
Borrowing Multiple in excess thereof and shall consist of Advances of the same
Type and in the same currency made on the same day by the Lenders ratably
according to their respective Revolving Credit Commitments. Within the limits of
each Lender’s Revolving Credit Commitment, the Borrowers may borrow under
this Section 2.01(a), prepay pursuant to Section 2.10 and reborrow under this
Section 2.01(a).

     (b) Letters of
Credit. Each Issuing Bank agrees, on the terms and conditions hereinafter
set forth, in reliance upon the agreements of the other Lenders set forth in
this Agreement, to issue letters of credit (each, a “Letter of
Credit”) for the account of any Borrower from time to time on any
Business Day during the period from the Effective Date until 30 days before the
Termination Date in an aggregate Available Amount (i) for all Letters of Credit
issued by each Issuing Bank not to exceed at any time the lesser of (x) the
Letter of Credit Facility at such time and (y) such Issuing Bank’s Letter
of Credit Commitment at such time and (ii) for each such Letter of Credit not to
exceed an amount equal to the Unused Commitments of the Lenders at such time. No
Letter of Credit shall have an expiration date (including all rights of such
Borrower or the beneficiary to require renewal) later than 10 Business Days
before the Termination Date. Within the limits referred to above, the Borrowers
may from time to time request the issuance of Letters of Credit under this
Section 2.01(b). Each letter of credit listed on Schedule 2.01(b) shall be
deemed to constitute a Letter of Credit issued hereunder, and each Lender that
is an issuer

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Omnicom: Three Year Credit Agreement

of such a Letter of Credit shall, for purposes of
  Section 2.03, be deemed to be an Issuing Bank for each such letter of credit;
  provided that any renewal or replacement of any such letter of credit
  shall be issued by an Issuing Bank pursuant to the terms of this Agreement.
  The terms “issue”, “issued”, “issuance” and all
  similar terms, when applied to a Letter of Credit, shall include any renewal
  or extension thereof or amendment thereto that increases the Available Amount
  thereof or otherwise materially increases an Issuing Bank’s obligations
  thereunder.

     SECTION 2.02.
Making the Advances. (a) Except as otherwise provided in Section 2.03(c),
each Borrowing shall be made on notice, given not later than (x) 11:00 A.M. (New
York City time) on the third Business Day prior to the date of the proposed
Borrowing in the case of a Borrowing consisting of Eurocurrency Rate Advances
denominated in Dollars, (y) 4:00 P.M. (London time) on the third Business Day
prior to the date of the proposed Borrowing in the case of a Borrowing
consisting of Eurocurrency Rate Advances denominated in any Committed Currency,
or (z) 11:00 A.M. (New York City time) on the date of the proposed Borrowing in
the case of a Borrowing consisting of Base Rate Advances, by the applicable
Borrower to the Agent (and, in the case of a Borrowing consisting of
Eurocurrency Rate Advances, simultaneously to the Sub-Agent), which shall give
to each Lender prompt notice thereof by telecopier. Each such notice of a
Borrowing (a “Notice of Borrowing”) shall be by telephone,
confirmed immediately in writing, or telecopier in substantially the form of
Exhibit B hereto, specifying therein the requested (i) date of such Borrowing,
(ii) Type of Advances comprising such Borrowing, (iii) aggregate amount of such
Borrowing, and (iv) in the case of a Borrowing consisting of Eurocurrency Rate
Advances, initial Interest Period and currency for each such Advance. Each
Lender shall, before 1:00 P.M. (New York City time) on the date of such
Borrowing, in the case of a Borrowing consisting of Advances denominated in
Dollars, and before 11:00 A.M. (London time) on the date of such Borrowing, in
the case of a Borrowing consisting of Eurocurrency Rate Advances denominated in
any Committed Currency, make available for the account of its Applicable Lending
Office to the Agent at the applicable Agent’s Account, in same day funds,
such Lender’s ratable portion of such Borrowing. After the Agent’s
receipt of such funds and upon fulfillment of the applicable conditions set
forth in Article III, the Agent will make such funds available to the applicable
Borrower at the Agent’s address referred to in Section 9.02 or at the
applicable Payment Office, as the case may be.

     (b) Anything in subsection (a) above to the contrary notwithstanding, (i) the Borrowers may not select Eurocurrency Rate Advances for any Borrowing if the aggregate amount of such Borrowing is less than the Borrowing Minimum or if the obligation of the Lenders to make Eurocurrency Rate Advances for the requested currency shall then be suspended pursuant to Section 2.08 or 2.12 and (ii) the Eurocurrency Rate Advances may not be outstanding as part of more than six separate Borrowings.

     (c) Each Notice of Borrowing shall be irrevocable and binding on the Borrower requesting such Borrowing. In the case of any Borrowing that the related Notice of Borrowing specifies is to be comprised of Eurocurrency Rate Advances, the applicable Borrower shall indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any failure to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss (including loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

     (d) Unless the
Agent shall have received notice from a Lender prior to the time of any
Borrowing that such Lender will not make available to the Agent such
Lender’s ratable portion of such Borrowing, the Agent may assume that such
Lender has made such portion available to the Agent on the date of such
Borrowing in accordance with subsection (a) of this Section 2.02 and the Agent
may, in reliance upon such assumption, make available to the applicable Borrower
on such date a corresponding amount. If and to the extent that such Lender shall
not have so made such ratable portion available to the Agent, such Lender and
such Borrower severally agree to repay to the Agent forthwith on demand such
corresponding amount together with interest thereon, for each day from the date
such amount is made available to such Borrower until the date such amount is
repaid to the Agent, at (i) in the case of a Borrower, the higher of (A) the
interest rate applicable at the time to Advances comprising such Borrowing and
(B) the cost of funds incurred by the Agent in respect of such amount and (ii)
in the case of such Lender, (A) the Federal Funds Rate in the case of Advances
denominated in Dollars or (B) the cost of funds incurred by the Agent in respect
of such amount in the case of Advances denominated in Committed Currencies. If
such Lender shall repay to the Agent such corresponding amount, such amount so
repaid shall constitute such Lender’s Advance as part of such Borrowing for
purposes of this Agreement.

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Omnicom: Three Year Credit Agreement

     (e) The failure of any Lender to make the Advance to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Advance on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Advance to be made by such other Lender on the date of any Borrowing.

     SECTION 2.03.
Issuance of and Drawings and Reimbursement Under Letters of Credit. (a)
Request for Issuance. (i) Each Letter of Credit shall be issued upon
notice, given not later than 11:00 A.M. (New York City time) on the fifth
Business Day prior to the date of the proposed issuance of such Letter of Credit
(or on such shorter notice as the applicable Issuing Bank may agree), by any
Borrower to any Issuing Bank, and such Issuing Bank shall give the Agent prompt
notice thereof. Each such notice of issuance of a Letter of Credit (a
“Notice of Issuance”) shall be by telecopier or telephone,
confirmed immediately in writing, specifying therein the requested (A) date of
such issuance (which shall be a Business Day), (B) Available Amount and currency
of such Letter of Credit, (C) expiration date of such Letter of Credit (which
shall not be later than 10 Business Days before the Termination Date), (D) name
and address of the beneficiary of such Letter of Credit and (E) form of such
Letter of Credit, such Letter of Credit shall be issued pursuant to such
application and agreement for letter of credit as such Issuing Bank may specify
to the applicable Borrower for use in connection with such requested Letter of
Credit (a “Letter of Credit Agreement”). If the requested form
of such Letter of Credit is acceptable to such Issuing Bank in its sole
discretion, such Issuing Bank will, upon fulfillment of the applicable
conditions set forth in Article III, make such Letter of Credit available to the
Borrower requesting such issuance at its office referred to in Section 9.02 or
as otherwise agreed with such Borrower in connection with such issuance. In the
event and to the extent that the provisions of any Letter of Credit Agreement
shall conflict with this Agreement, the provisions of this Agreement shall
govern. For avoidance of doubt, but without limitation of the generality of the
foregoing, provisions relating to security interests, reimbursement or other
payment obligations, interest or events of default shall be deemed to be in
conflict with this Agreement.

     (b)
Participations. By the issuance of a Letter of Credit (or an amendment to
a Letter of Credit increasing Available Amount thereof) and without any further
action on the part of the applicable Issuing Bank or the Lenders, such Issuing
Bank hereby grants to each Lender, and each Lender hereby acquires from such
Issuing Bank, a participation in such Letter of Credit equal to such
Lender’s Ratable Share of the Available Amount of such Letter of Credit.
Each Borrower hereby agrees to each such participation. In consideration and in
furtherance of the foregoing, each Lender hereby absolutely and unconditionally
agrees to pay to the Agent, for the account of such Issuing Bank, such
Lender’s Ratable Share of each drawing made under a Letter of Credit funded
by such Issuing Bank and not reimbursed by the applicable Borrower on the date
made, or of any reimbursement payment required to be refunded to such Borrower
for any reason, which amount will be advanced, and deemed to be an Advance to
such Borrower hereunder, regardless of the satisfaction of the conditions set
forth in Section 3.02. Each Lender acknowledges and agrees that its obligation
to acquire participations pursuant to this paragraph in respect of Letters of
Credit is absolute and unconditional and shall not be affected by any
circumstance whatsoever, including any amendment, renewal or extension of any
Letter of Credit in accordance with the terms of this Agreement or the
occurrence and continuance of a Default or reduction or termination of the
Revolving Credit Commitments, and that each such payment shall be made without
any offset, abatement, withholding or reduction whatsoever. Each Lender further
acknowledges and agrees that its participation in each Letter of Credit will be
automatically adjusted to reflect such Lender’s Ratable Share of the
Available Amount of such Letter of Credit at each time such Lender’s
Revolving Credit Commitment is amended pursuant to a Commitment Increase in
accordance with Section 2.18, an assignment in accordance with Section 9.07 or
otherwise pursuant to this Agreement.

     (c) Drawing and
Reimbursement. The payment by an Issuing Bank of a draft drawn under any
Letter of Credit which is not reimbursed by the applicable Borrower on the date
made (the Borrowers having no obligation to reimburse such Issuing Bank on the
date of such payment, except to the extent, if any, that the sum of the amount
of such drawing plus the outstanding principal amount of all Advances, plus the
remaining Available Amount of all outstanding Letters of Credit, would exceed
the aggregate Revolving Credit Commitments at such date) shall constitute for
all purposes of this Agreement the making by any such Issuing Bank of an
Advance, which, in the case of a Letter of Credit denominated in Dollars, shall
be a Base Rate Advance, in the amount of such draft, or, in the case of a Letter
of Credit denominated in a Committed Currency, shall be a Base Rate Advance in
the Equivalent amount of Dollars on the date such draft is paid, without regard
to whether the making of such an Advance would exceed such Issuing Bank’s
Unused Commitment. Each Issuing Bank shall give prompt notice of

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Omnicom: Three Year Credit Agreement

each drawing under any Letter of Credit issued by
it to the applicable Borrower and the Agent. Upon written demand by such Issuing
Bank, with a copy of such demand to the Agent and the applicable Borrower, each
Lender shall pay to the Agent such Lender’s Ratable Share of such
outstanding Advance pursuant to Section 2.03(b). Each Lender acknowledges and
agrees that its obligation to make Advances pursuant to this Section 2.03(c) in
respect of Letters of Credit is absolute and unconditional and shall not be
affected by any circumstance whatsoever, including any amendment, renewal or
extension of any Letter of Credit or the occurrence and continuance of a Default
or reduction or termination of the Revolving Credit Commitments, and that each
such payment shall be made without any offset, abatement, withholding or
reduction whatsoever. Promptly after receipt thereof, the Agent shall transfer
such funds to such Issuing Bank. Each Lender agrees to fund its Ratable Share of
an outstanding Advance on (i) the Business Day on which demand therefor is made
by such Issuing Bank, provided that notice of such demand is given not
later than 11:00 A.M. (New York City time) on such Business Day, or (ii) the
first Business Day next succeeding such demand if notice of such demand is given
after such time. If and to the extent that any Lender shall not have so made the
amount of such Advance available to the Agent, such Lender agrees to pay to the
Agent forthwith on demand such amount together with interest thereon, for each
day from the date of demand by any such Issuing Bank until the date such amount
is paid to the Agent, at the Federal Funds Rate for its account or the account
of such Issuing Bank, as applicable. If such Lender shall pay to the Agent such
amount for the account of any such Issuing Bank on any Business Day, such amount
so paid in respect of principal shall constitute an Advance made by such Lender
on such Business Day for purposes of this Agreement, and the outstanding
principal amount of the Advance made by such Issuing Bank shall be reduced by
such amount on such Business Day.

     (d) Letter of Credit Reports. Each Issuing Bank shall furnish (A) to the Agent on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued by such Issuing Bank during the preceding month and drawings during such month under all Letters of Credit and (B) to the Agent on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit issued by such Issuing Bank. The Agent shall provide prompt notice to the Lenders of the reports delivered pursuant to this subsection (d).

     (e) Failure to Make Advances. The failure of any Lender to make the Advance to be made by it on the date specified in Section 2.03(c) shall not relieve any other Lender of its obligation hereunder to make its Advance on such date, but no Lender shall be responsible for the failure of any other Lender to make the Advance to be made by such other Lender on such date.

     SECTION 2.04.
Fees. (a) Facility Fee. The Borrowers agree to pay to the Agent
for the account of each Lender a facility fee on the aggregate amount of such
Lender’s Revolving Credit Commitment from the Effective Date in the case of
each Initial Lender and from the effective date specified in the Assumption
Agreement or in the Assignment and Acceptance pursuant to which it became a
Lender in the case of each other Lender until the Termination Date at a rate per
annum equal to the Applicable Percentage in effect from time to time, payable in
arrears quarterly on the last day of each March, June, September and December,
commencing March 31, 2011, and on the Termination Date; provided that no
Defaulting Lender shall be entitled to receive any facility fee in respect of
its Revolving Credit Commitment for any period during which that Lender is a
Defaulting Lender (and the Borrowers shall not be required to pay such fee that
otherwise would have been required to have been paid to that Defaulting Lender),
other than a facility fee, as described above, on the aggregate principal amount
of Advances funded by such Defaulting Lender outstanding from time to time.

     (b) Letter of
Credit Commissions. (i) Each Borrower shall pay to the Agent for the account
of each Lender a commission on such Lender’s Ratable Share of the average
daily aggregate Available Amount of all Letters of Credit issued at the request
of such Borrower and outstanding from time to time at a rate per annum equal to
the Applicable Margin for Eurocurrency Rate Advances in effect from time to time
during such calendar quarter, payable in arrears quarterly on the last day of
each March, June, September and December, commencing with the quarter ended
March 31, 2011, and on the Termination Date; provided, that no Defaulting
Lender shall be entitled to receive any commission in respect of Letters of
Credit for any period during which that Lender is a Defaulting Lender (and the
Borrowers shall not be required to pay such commission to that Defaulting Lender
but shall pay such commission as set forth in Section 2.19);
provided that the Applicable Margin shall be 2% above the Applicable Margin in effect upon the occurrence and during the continuation of an Event of Default if the Borrowers are required to pay default interest pursuant to Section 2.07(b).

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Omnicom: Three Year Credit Agreement

       (ii) Each Borrower shall pay to each Issuing Bank, for its own account, such fronting fees and such other commissions, issuance fees, transfer fees and other fees and charges in connection with the issuance or administration of each Letter of Credit as such Borrower and such Issuing Bank shall agree.

     (c) Agent’s Fees. The Borrowers shall pay to the Agent for its own account such fees as may from time to time be agreed between the Guarantor and the Agent.

     SECTION 2.05. Optional Termination or Reduction of the Commitments. (a) Ratable Termination or Reduction. The Borrowers shall have the right, upon at least five Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Revolving Credit Commitments or the Unissued Letter of Credit Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.

     (b) Termination of Defaulting Lender. The Borrowers may terminate the Unused Commitment of any Lender that is a Defaulting Lender (determined after giving effect to any reallocation of participations in Letters of Credit as provided in Section 2.19) upon prior notice of not less than one Business Day to the Agent (which shall promptly notify the Lenders thereof), and in such event the provisions of Section 2.19(e) shall apply to all amounts thereafter paid by any Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, facility fees, Letter of Credit commissions or other amounts), provided that (i) no Default shall have occurred and be continuing and (ii) such termination shall not be deemed to be a waiver or release of any claim any Borrower, the Agent, any Issuing Bank or any Lender may have against such Defaulting Lender.

     SECTION 2.06. Repayment of Advances and Letter of Credit Drawings. (a) The Borrowers shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Advances then outstanding.

     (b) The obligations of the applicable Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit (subject to Section 2.03(a)) shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such Borrower is without prejudice to, and does not constitute a waiver of, any rights such Borrower might have or might acquire as a result of the payment by any Lender of any draft or the reimbursement by such Borrower thereof):

       (i) any lack of validity or enforceability
    of this Agreement, any Note, any Letter of Credit Agreement, any Letter of
    Credit or any other agreement or instrument relating thereto (all of the foregoing
    being, collectively, the “L/C Related Documents”);

       (ii) any change in the time, manner or place
    of payment of, or in any other term of, all or any of the obligations of such
    Borrower in respect of any L/C Related Document or any other amendment or
    waiver of or any consent to departure from all or any of the L/C Related Documents;

       (iii) the existence of any claim, set-off,
    defense or other right that such Borrower may have at any time against any
    beneficiary or any transferee of a Letter of Credit (or any Persons for which
    any such beneficiary or any such transferee may be acting), any Issuing Bank,
    any Agent, any Lender or any other Person, whether in connection with the
    transactions contemplated by the L/C Related Documents or any unrelated transaction;

       (iv) any statement or any other document presented
    under a Letter of Credit proving to be forged, fraudulent, invalid or insufficient
    in any respect or any statement therein being untrue or inaccurate in any
    respect;

       (v) payment by any Issuing Bank under a Letter
    of Credit against presentation of a draft or certificate that does not strictly
    comply with the terms of such Letter of Credit;

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Omnicom: Three Year Credit Agreement

       (vi) any exchange, release or non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any guarantee, for all or any of the obligations of such Borrower in respect of the L/C Related Documents; or

       (vii) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including, without limitation, any other circumstance that might otherwise constitute a defense available to, or a discharge of, such Borrower or a guarantor.

     SECTION 2.07. Interest on Advances. (a) Scheduled Interest. The Borrowers shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

       (i) Base Rate Advances. During such periods as such Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Base Rate Advance shall be Converted or paid in full.

       (ii) Eurocurrency Rate Advances. During such periods as such Advance is a Eurocurrency Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) the Eurocurrency Rate for such Interest Period for such Advance plus (y) the Applicable Margin in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurocurrency Rate Advance shall be Converted or paid in full.

     (b) Default
Interest. Upon the occurrence and during the continuance of an Event of
Default under Section 6.01(a), the Agent may, and upon the request of the
Required Lenders shall, require the Borrowers to pay interest (“Default
Interest”) on (i) the unpaid principal amount of each Advance owing to
each Lender, payable in arrears on the dates referred to in clause (a)(i) or
(a)(ii) above, at a rate per annum equal at all times to 2% per annum above the
rate per annum required to be paid on such Advance pursuant to clause (a)(i) or
(a)(ii) above and (ii) to the fullest extent permitted by law, the amount of any
interest, fee or other amount payable hereunder that is not paid when due, from
the date such amount shall be due until such amount shall be paid in full,
payable in arrears on the date such amount shall be paid in full and on demand,
at a rate per annum equal at all times to 2% per annum above the rate per annum
required to be paid on Base Rate Advances pursuant to clause (a)(i) above;
provided, however, that following acceleration of the Advances
pursuant to Section 6.01, Default Interest shall accrue and be payable hereunder
whether or not previously required by the Agent.

     SECTION 2.08. Interest Rate Determination. (a) Each Reference Bank agrees to furnish to the Agent timely information for the purpose of determining each Eurocurrency Rate. If any one or more of the Reference Banks shall not furnish such timely information to the Agent for the purpose of determining any such interest rate, the Agent shall determine such interest rate on the basis of timely information furnished by the remaining Reference Banks. The Agent shall give prompt notice to the applicable Borrower and the Lenders of the applicable interest rate determined by the Agent for purposes of Section 2.07(a)(i) or (ii), and the rate, if any, furnished by each Reference Bank for the purpose of determining the interest rate under Section 2.07(a)(ii).

     (b) If, with
respect to any Eurocurrency Rate Advances, the Required Lenders notify the Agent
that (i) they are unable to obtain matching deposits in the London inter-bank
market at or about 11:00 A.M. (London time) on the second Business Day before
the making of a Borrowing in sufficient amounts to fund their respective
Advances as a part of such Borrowing during its Interest Period or (ii) the
Eurocurrency Rate for any Interest Period for such Advances will not adequately
reflect the cost to such Required Lenders of making, funding or maintaining
their respective Eurocurrency Rate Advances for such Interest Period, the Agent
shall forthwith so notify the applicable Borrower and the Lenders, whereupon (A)
such Borrower will, on the last day of the then existing Interest Period
therefor, (1) if such Eurocurrency Rate Advances are denominated in Dollars,
either (x) prepay such Advances or (y) Convert such Advances into Base Rate
Advances and (2) if such Eurocurrency Rate

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Omnicom: Three Year Credit Agreement

Advances are denominated in any Committed
Currency, either (x) prepay such Advances or (y) exchange such Advances into an
Equivalent amount of Dollars and Convert such Advances into Base Rate Advances
and (B) the obligation of the Lenders to make, or to Convert Advances into,
Eurocurrency Rate Advances in the affected currency shall be suspended until the
Agent shall notify the Borrowers and the Lenders that the circumstances causing
such suspension no longer exist; provided that, if the circumstances set
forth in clause (ii) above are applicable, the applicable Borrower may elect, by
notice to the Agent and the Lenders, to continue such Advances in such Committed
Currency for Interest Periods of not longer than one month, which Advances shall
thereafter bear interest at a rate per annum equal to the Applicable Margin
plus, for each Lender, the cost to such Lender (expressed as a rate per annum)
of funding its Eurocurrency Rate Advances by whatever means it reasonably
determines to be appropriate. Each Lender shall certify its cost of funds for
each Interest Period to the Agent and the applicable Borrower as soon as
practicable (but in any event not later than ten Business Days after the first
day of such Interest Period).

     (c) If any Borrower shall fail to select the duration of any Interest Period in accordance with the provisions contained in the definition of “Interest Period” in Section 1.01 for any Eurocurrency Rate Advances made to it, the Agent will forthwith so notify such Borrower and the Lenders and such Advances will automatically, on the last day of the then existing Interest Period therefor, (i) if such Eurocurrency Rate Advances are denominated in Dollars, Convert into Base Rate Advances and (ii) if such Eurocurrency Rate Advances are denominated in a Committed Currency, be exchanged for an Equivalent amount of Dollars and Convert into Base Rate Advances.

     (d) On the date on which the aggregate unpaid principal amount of Eurocurrency Rate Advances comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than the Borrowing Minimum, such Advances shall automatically Convert into Base Rate Advances.

     (e) Upon the
occurrence and during the continuance of any Event of Default under Section
6.01(a), (i) each Eurocurrency Rate Advance will automatically, on the last day
of the then existing Interest Period therefor, (A) if such Eurocurrency Rate
Advances are denominated in Dollars, be Converted into Base Rate Advances and
(B) if such Eurocurrency Rate Advances are denominated in any Committed
Currency, be exchanged for an Equivalent amount of Dollars and be Converted into
Base Rate Advances and (ii) the obligation of the Lenders to make, or to Convert
Advances into, Eurocurrency Rate Advances shall be suspended; provided that the applicable Borrower may elect, by notice to the Agent and the
Lenders within one Business Day of such Event of Default, to continue such
Advances in such Committed Currency, whereupon the Agent may require that each
Interest Period relating to such Eurocurrency Rate Advances shall bear interest
at the Overnight Eurocurrency Rate for a period of three Business Days and
thereafter, each such Interest Period shall have a duration of not longer than
one month. “Overnight Eurocurrency Rate” means the rate per
annum applicable to an overnight period beginning on one Business Day and ending
on the next Business Day equal to the sum of 1%, the Applicable Interest Rate
Margin and the average, rounded upward to the nearest whole multiple of 1/16 of
1%, if such average is not such a multiple, of the respective rates per annum
quoted by each Reference Bank to the Agent on request as the rate at which it is
offering overnight deposits in the relevant currency in amounts comparable to
such Reference Bank’s Eurocurrency Rate Advances.

     (f) If Reuters
LIBOR01 Page (or any successor or substitute page of Reuters, or any successor
to or substitute for Reuters, providing rate quotations comparable to those
currently provided on such page of Reuters, as determined by the Agent from time
to time for purposes of providing quotations of interest rates applicable to
deposits in Dollars by reference to the British Bankers Association Interest
Settlement Rates for deposits in Dollars) or Reuters EURIBOR01 page (or on any
successor or substitute page of Reuters, or any successor to or substitute for
Reuters, providing rate quotations comparable to those currently provided on
such page of Reuters, as determined by the Agent from time to time for purposes
of providing quotations of interest rates applicable to deposits in Euro by
reference to the Banking Federation of the European Union Settlement Rates for
deposits in Euro), as applicable, is unavailable and fewer than two Reference
Banks furnish timely information to the Agent for determining the Eurocurrency
Rate for any Eurocurrency Rate Advances,

       (i) the Agent shall forthwith notify the Borrowers and the Lenders that the interest rate cannot be determined for such Eurocurrency Rate Advances,

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Omnicom: Three Year Credit Agreement

       (ii) with respect to Eurocurrency Rate Advances, each such Advance will automatically, on the last day of the then existing Interest Period therefor, (A) if such Eurocurrency Rate Advance is denominated in Dollars, Convert into a Base Rate Advance and (B) if such Eurocurrency Rate Advance is denominated in any Committed Currency, be prepaid by the applicable Borrower or be automatically exchanged for an Equivalent amount of Dollars and be Converted into a Base Rate Advance (or if such Advance is then a Base Rate Advance, will continue as a Base Rate Advance), and

       (iii) the obligation of the Lenders to make Eurocurrency Rate Advances or to Convert Advances into Eurocurrency Rate Advances shall be suspended until the Agent shall notify the Borrowers and the Lenders that the circumstances causing such suspension no longer exist.

     SECTION 2.09.
Optional Conversion of Advances. Each Borrower may on any Business Day,
upon notice given to the Agent not later than 11:00 A.M. (New York City time) on
the third Business Day prior to the date of the proposed Conversion and subject
to the provisions of Sections 2.08 and 2.12, Convert all or any portion of the
Advances made to such Borrower denominated in Dollars of one Type comprising the
same Borrowing into Advances denominated in Dollars of the other Type;
provided, however, that any Conversion of Eurocurrency Rate
Advances into Base Rate Advances shall be made only on the last day of an
Interest Period for such Eurocurrency Rate Advances, any Conversion of Base Rate
Advances into Eurocurrency Rate Advances shall be in an amount not less than the
minimum amount specified in Section 2.02(b) and no Conversion of any Advances
shall result in more separate Borrowings than permitted under Section 2.02(b).
Each such notice of a Conversion shall, within the restrictions specified above,
specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to
be Converted, and (iii) if such Conversion is into Eurocurrency Rate Advances,
the duration of the initial Interest Period for each such Advance. Each notice
of Conversion shall be irrevocable and binding on the applicable Borrower.

     SECTION 2.10.
Prepayments of Advances. (a) Optional. Each Borrower may, upon
notice at least two Business Days prior to the date of such prepayment, in the
case of Eurocurrency Rate Advances, and not later than 11:00 A.M. (New York City
time) on the date of such prepayment, in the case of Base Rate Advances, to the
Agent stating the proposed date and aggregate principal amount of the
prepayment, and if such notice is given the Borrower giving such notice shall,
prepay the outstanding principal amount of the Advances comprising part of the
same Borrowing in whole or ratably in part, together with accrued interest to
the date of such prepayment on the principal amount prepaid; provided,
however, that (x) each partial prepayment shall be in an aggregate
principal amount of not less than the Borrowing Minimum or an integral multiple
of the Borrowing Multiple in excess thereof and (y) in the event of any such
prepayment of a Eurocurrency Rate Advance, such Borrower shall be obligated to
reimburse the Lenders in respect thereof pursuant to Section 9.04(c).

     (b)
Mandatory. (i) If, on any date, the Agent notifies the Borrowers that, on
any interest payment date, the sum of (A) the aggregate principal amount of all
Advances denominated in Dollars then outstanding plus (B) the aggregate
Available Amount of all Letters of Credit denominated in Dollars then
outstanding plus (C) the Equivalent in Dollars (determined on the third Business
Day prior to such interest payment date) of the aggregate principal amount of
all Advances denominated in Committed Currencies then outstanding plus (D) the
Equivalent in Dollars (determined on the third Business Day prior to such
interest payment date) of the aggregate Available Amount of all Letters of
Credit denominated in Committed Currencies then outstanding exceeds 103% of the
aggregate Revolving Credit Commitments of the Lenders on such date, the
Borrowers shall, as soon as practicable and in any event within two Business
Days after receipt of such notice, subject to the proviso to this sentence set
forth below, prepay the outstanding principal amount of any Advances owing by
the Borrowers in an aggregate amount sufficient to reduce such sum to an amount
not to exceed 100% of the aggregate Revolving Credit Commitments of the Lenders
on such date together with any interest accrued to the date of such prepayment
on the aggregate principal amount of Advances prepaid; provided that if
the aggregate principal amount of Base Rate Advances outstanding at the time of
such required prepayment is less than the amount of such required prepayment,
the portion of such required prepayment in excess of the aggregate principal
amount of Base Rate Advances then outstanding shall be deferred until the next
succeeding last day of an Interest Period of outstanding Eurocurrency Rate
Advances in an aggregate amount equal to the excess of such required prepayment.
The Agent shall give prompt notice of any prepayment required under this Section
2.10(b) to the Borrowers and the Lenders,

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Omnicom: Three Year Credit Agreement

and shall provide prompt notice to the Borrowers of any such notice of required prepayment received by it from any Lender.

     (ii) Each prepayment made pursuant to this Section 2.10(b) shall be made together with any interest accrued to the date of such prepayment on the principal amounts prepaid and, in the case of any prepayment of a Eurocurrency Rate Advance on a date other than the last day of an Interest Period or at its maturity, any additional amounts which the applicable Borrower shall be obligated to reimburse to the Lenders in respect thereof pursuant to Section 9.04(c). The Agent shall give prompt notice of any prepayment required under this Section 2.10(b) to the Borrowers and the Lenders.

     SECTION 2.11.
Increased Costs. (a) If, due to either (i) the introduction of or any
change in or in the interpretation of any law or regulation after the date
hereof, or (ii) the compliance with any guideline or request issued after the
date hereof from any central bank or other governmental authority including,
without limitation, any agency of the European Union or similar monetary or
multinational authority (whether or not having the force of law), there shall be
any increase in the cost to any Lender of agreeing to make or making, funding or
maintaining Eurocurrency Rate Advances or agreeing to issue or of issuing or
maintaining or participating in Letters of Credit (excluding for purposes of
this Section 2.11 any such increased costs resulting from (i) Taxes or Other
Taxes (as to which Section 2.14 shall govern) and (ii) changes in the basis of
taxation of overall net income or overall gross income by the United States or
by the foreign jurisdiction or state under the laws of which such Lender is
organized or has its Applicable Lending Office or any political subdivision
thereof), then the Borrowers shall from time to time, upon demand by such Lender
(with a copy of such demand to the Agent), pay to the Agent for the account of
such Lender additional amounts sufficient to compensate such Lender for such
increased cost; provided, however, that before making any such
demand, each Lender agrees to use reasonable efforts (consistent with its
internal policy and legal and regulatory restrictions) to designate a different
Applicable Lending Office if the making of such a designation would avoid the
need for, or reduce the amount of, such increased cost and would not, in the
reasonable judgment of such Lender, be otherwise disadvantageous to such Lender.
A certificate as to the amount of such increased cost, submitted to the
Borrowers and the Agent by such Lender, shall be conclusive and binding for all
purposes, absent manifest error.

     (b) If any Lender
determines that compliance with any law or regulation or any guideline or
request taking effect or issued after the date hereof from any central bank or
other governmental authority (whether or not having the force of law) affects or
would affect the amount of capital required or expected to be maintained by such
Lender or any corporation controlling such Lender and that the amount of such
capital is increased by or based upon the existence of such Lender’s
commitment to lend or to issue or participate in Letters of Credit hereunder and
other commitments of this type, then, upon demand by such Lender (with a copy of
such demand to the Agent), the Borrowers shall pay to the Agent for the account
of such Lender, from time to time as specified by such Lender, additional
amounts sufficient to compensate such Lender or such corporation in the light of
such circumstances, to the extent that such Lender reasonably determines such
increase in capital to be allocable to the existence of such Lender’s
commitment to lend hereunder. A certificate as to such amounts submitted to the
Borrowers and the Agent by such Lender shall be conclusive and binding for all
purposes, absent manifest error.

     (c) Failure or delay on the part of any Lender to demand compensation pursuant to this Section 2.11 shall not constitute a waiver of such Lender’s right to demand such compensation; provided that the Borrowers shall not be required to compensate a Lender pursuant to this Section 2.11 for any increased costs or reductions incurred more than six months prior to the date that such Lender notifies the Borrowers of the circumstances giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor; provided further that, if the circumstances giving rise to such increased costs or reductions cause such increased costs or reductions to be retroactive, then the six-month period referred to above shall be extended to include the period of retroactive effect thereof.

     SECTION 2.12. Illegality. Notwithstanding any other provision of this Agreement, if any Lender shall notify the Agent that the introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or any central bank or other governmental authority asserts that it is unlawful, for any Lender or its Eurocurrency Lending Office to perform its obligations hereunder to make Eurocurrency Rate Advances in Dollars or any Committed Currency or to fund or maintain Eurocurrency Rate Advances in Dollars or any Committed Currency hereunder, (a) (i) if such Eurocurrency Rate Advance is denominated in Dollars, be Converted

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Omnicom: Three Year Credit Agreement

into a Base Rate Advance and (ii) if such
Eurocurrency Rate Advance is denominated in any Committed Currency, be exchanged
into an Equivalent amount of Dollars and be Converted into a Base Rate Advance
and (b) the obligation of the Lenders to make Eurocurrency Rate Advances in the
affected currency or to Convert Advances into Eurocurrency Rate Advances shall
be suspended until the Agent shall notify the Borrowers and the Lenders that the
circumstances causing such suspension no longer exist; provided,
however, that before making any such demand, each Lender agrees to use
reasonable efforts (consistent with its internal policy and legal and regulatory
restrictions) to designate a different Eurocurrency Lending Office if the making
of such a designation would allow such Lender or its Eurocurrency Lending Office
to continue to perform its obligations to make such Eurocurrency Rate Advances
or to continue to fund or maintain such Eurocurrency Rate Advances and would
not, in the judgment of such Lender, be otherwise disadvantageous to such
Lender.

     SECTION 2.13.
Payments and Computations. (a) The Borrowers shall make each payment
hereunder (except with respect to principal of, interest on, and other amounts
relating to, Advances denominated in a Committed Currency), irrespective of any
right of counterclaim or set-off, not later than 11:00 A.M. (New York City time)
on the day when due in Dollars to the Agent at the applicable Agent’s
Account in same day funds. The Borrowers shall make each payment hereunder with
respect to principal of, interest on, and other amounts relating to, Advances
denominated in a Committed Currency, irrespective of any right of counterclaim
or set-off, not later than 11:00 A.M. (at the Payment Office for such Committed
Currency) on the day when due in such Committed Currency to the Agent, by
deposit of such funds to the applicable Agent’s Account in same day funds.
The Agent will promptly thereafter cause to be distributed like funds relating
to the payment of principal, interest, fees or commissions ratably (other than
amounts payable pursuant to Section 2.11, 2.14 or 9.04(c)) to the Lenders for
the account of their respective Applicable Lending Offices, and like funds
relating to the payment of any other amount payable to any Lender to such Lender
for the account of its Applicable Lending Office, in each case to be applied in
accordance with the terms of this Agreement. Upon any Assuming Lender becoming a
Lender hereunder as a result of a Commitment Increase pursuant to Section 2.18,
and upon the Agent’s receipt of such Lender’s Assumption Agreement and
recording of the information contained therein in the Register, from and after
the applicable Increase Date, the Agent shall make all payments hereunder and
under any Notes issued in connection therewith in respect of the interest
assumed thereby to the Assuming Lender. Upon its acceptance of an Assignment and
Acceptance and recording of the information contained therein in the Register
pursuant to Section 9.07(c), from and after the effective date specified in such
Assignment and Acceptance, the Agent shall make all payments hereunder and under
any Notes in respect of the interest assigned thereby to the Lender assignee
thereunder, and the parties to such Assignment and Acceptance shall make all
appropriate adjustments in such payments for periods prior to such effective
date directly between themselves.

     (b) Each Borrower hereby authorizes each Lender, if and to the extent payment owed to such Lender is not made when due hereunder or under the Note held by such Lender, to charge from time to time against any or all of such Borrower’s accounts with such Lender any amount so due.

     (c) All computations of interest based on the Base Rate shall be made by the Agent on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the Eurocurrency Rate or the Federal Funds Rate and of facility fees and Letter of Credit commissions shall be made by the Agent on the basis of a year of 360 days (or, in each case of Advances denominated in Committed Currencies where market practice differs, in accordance with market practice), in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest, fees or commissions are payable. Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.

     (d) Whenever any payment hereunder or under the Notes shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest, fee or commission, as the case may be; provided, however, that, if such extension would cause payment of interest on or principal of Eurocurrency Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

     (e) Unless the Agent shall have received notice from the applicable Borrower prior to the date on which any payment is due to the Lenders hereunder that such Borrower will not make such payment in full,

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Omnicom: Three Year Credit Agreement

the Agent may assume that such Borrower has made such payment in full to the Agent on such date and the Agent may, in reliance upon such assumption, cause to be distributed to each Lender on such due date an amount equal to the amount then due such Lender. If and to the extent the applicable Borrower shall not have so made such payment in full to the Agent, each Lender shall repay to the Agent forthwith on demand such amount distributed to such Lender together with interest thereon, for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to the Agent, at (i) the Federal Funds Rate in the case of Advances denominated in Dollars or (ii) the cost of funds incurred by the Agent in respect of such amount in the case of Advances denominated in Committed Currencies.

     (f) To the extent that
  the Agent receives funds for application to the amounts owing by any Borrower
  under or in respect of this Agreement or any Note in currencies other than the
  currency or currencies required to enable the Agent to distribute funds to the
  Lenders in accordance with the terms of this Section 2.13, the Agent shall be
  entitled to convert or exchange such funds into Dollars or into a Committed
  Currency, to the extent necessary to enable the Agent to distribute such funds
  in accordance with the terms of this Section 2.13; provided that each
  Borrower and each of the Lenders hereby agree that the Agent shall not be liable
  or responsible for any loss, cost or expense suffered by such Borrower or such
  Lender as a result of any conversion or exchange of currencies affected pursuant
  to this Section 2.13(f) or as a result of the failure of the Agent to effect
  any such conversion or exchange; and provided, further, that the Borrowers
  agree to indemnify the Agent and each Lender, and hold the Agent and each Lender
  harmless, for any and all losses, costs and expenses incurred by the Agent or
  any Lender for any conversion or exchange of currencies (or the failure to convert
  or exchange any currencies) in accordance with this Section 2.13(f).

     SECTION 2.14.
Taxes. (a) Subject to Sections 2.14(e) and 2.14(f), any and all payments
by any Loan Party to or for the account of any Lender or the Agent hereunder or
under the Notes or any other documents to be delivered hereunder shall be made,
in accordance with Section 2.13 or the applicable provisions of such other
documents, free and clear of and without deduction for any and all present or
future taxes, levies, imposts, deductions, charges or withholdings, and all
liabilities with respect thereto, excluding, in the case of each Lender
and the Agent, taxes imposed on its overall net income, profits, gains or branch
profits and franchise taxes imposed on it in lieu of net income taxes, by the
jurisdiction under the laws of which such Lender or the Agent (as the case may
be) is organized or any political subdivision thereof and, in the case of each
Lender, taxes imposed on its overall net income, profits, gains or branch
profits and franchise taxes imposed on it in lieu of net income taxes, by the
jurisdiction of such Lender’s Applicable Lending Office or any political
subdivision thereof (all such non-excluded taxes, levies, imposts, deductions,
charges, withholdings and liabilities in respect of payments hereunder or under
the Notes being hereinafter referred to as “Taxes”). If any
Loan Party shall be required by law to deduct any Taxes from or in respect of
any sum payable hereunder or under any Note or any other documents to be
delivered hereunder to any Lender or the Agent, (i) the sum payable shall be
increased as may be necessary so that after making all required deductions
(including deductions applicable to additional sums payable under this Section
2.14) such Lender or the Agent (as the case may be) receives an amount equal to
the sum it would have received had no such deductions been made, (ii) such Loan
Party shall make such deductions and (iii) such Loan Party shall pay the full
amount deducted to the relevant taxation authority or other authority in
accordance with applicable law.

     (b) In addition, the Borrowers shall pay any present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies that arise from any payment made hereunder or under the Notes or any other documents to be delivered hereunder or from the execution, delivery or registration of, performing under, or otherwise with respect to, this Agreement or the Notes or any other documents to be delivered hereunder (hereinafter referred to as “Other Taxes”).

     (c) Subject to Sections 2.14(e) and 2.14(f), the Borrowers shall indemnify each Lender and the Agent for and hold it harmless against the full amount of Taxes or Other Taxes (including, without limitation, taxes of any kind imposed or asserted by any jurisdiction on amounts payable under this Section 2.14) imposed on or paid by such Lender or the Agent (as the case may be) and any liability (including penalties, interest and reasonable expenses) arising therefrom or with respect thereto. This indemnification shall be made within 30 days from the date such Lender or the Agent (as the case may be) makes written demand therefor setting forth in reasonable detail the basis for such claim.

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Omnicom: Three Year Credit Agreement

     (d) Within 45 days
after the date of any payment of Taxes, the applicable Loan Party shall furnish
to the Agent, at its address referred to in Section 9.02, the original or a
certified copy of a receipt evidencing such payment to the extent such a receipt
is issued therefor, or other written proof of payment thereof that is reasonably
satisfactory to the Agent. In the case of any payment hereunder or under the
Notes or any other documents to be delivered hereunder by or on behalf of any
Loan Party (other than OFP) through an account or branch outside the United
States or by or on behalf of any Loan Party (other than OFP) by a payor that is
not a United States person, if such Loan Party determines that no Taxes are
payable in respect thereof, such Loan Party shall furnish, or shall cause such
payor to furnish, to the Agent, at such address, an opinion of counsel
acceptable to the Agent stating that such payment is exempt from Taxes. For
purposes of this subsection (d) and subsection (e), the terms “United
States” and “United States person” shall have the
meanings specified in Section 7701 of the Internal Revenue Code.

     (e) (i) Each Lender
organized under the laws of a jurisdiction outside the United States, on or
prior to the date of its execution and delivery of this Agreement in the case of
each Initial Lender and on the date of the Assumption Agreement or the
Assignment and Acceptance pursuant to which it becomes a Lender in the case of
each other Lender, and from time to time thereafter as reasonably requested in
writing by OFI or OCI (but only so long as such Lender remains lawfully able to
do so), shall provide each of the Agent, OFI and OCI with two original Internal
Revenue Service forms W-8BEN or W-8ECI, as appropriate, or any successor or
other form prescribed by the Internal Revenue Service, certifying that such
Lender is exempt from or entitled to a reduced rate of United States withholding
tax on payments made by OFI and OCI pursuant to this Agreement or the Notes. If
the form provided by a Lender at the time such Lender first becomes a party to
this Agreement indicates a United States interest withholding tax rate in excess
of zero, withholding tax at such rate shall be considered excluded from Taxes
unless and until such Lender provides the appropriate forms certifying that a
lesser rate applies, whereupon withholding tax at such lesser rate only shall be
considered excluded from Taxes for periods governed by such form;
provided, however, that, if at the date of the Assignment and
Acceptance pursuant to which a Lender assignee becomes a party to this
Agreement, the Lender assignor was entitled to payments under Section 2.14(a) in
respect of United States withholding tax with respect to interest paid at such
date, then, to such extent, the term Taxes shall include (in addition to
withholding taxes that may be imposed in the future or other amounts otherwise
includable in Taxes) United States withholding tax, if any, applicable with
respect to the Lender assignee on such date. If any form or document referred to
in this Section 2.14(e) requires the disclosure of information, other than
information necessary to compute the tax payable and information required on the
date hereof by Internal Revenue Service form W-8BEN or W-8ECI, that the Lender
reasonably considers to be confidential, the Lender shall give notice thereof to
the Agent, OFI and OCI and shall not be obligated to include in such form or
document such confidential information.

       (ii) If a payment
made to a Lender hereunder would be subject to United States federal withholding
tax imposed by Sections 1471(a) and 1472(a) of the Internal Revenue Code if such
Lender were to fail to comply with the applicable reporting requirements of
FATCA (including those contained in Section 1471(b) or Section 1472(b) of the
Internal Revenue Code, as applicable, and the regulations thereunder), such
Lender shall deliver to OFI and OCI and the Agent, at the time or times
prescribed by law and at such time or times reasonably requested by OFI and OCI
or the Agent, such documentation prescribed by applicable law (including as
prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such
additional documentation reasonably requested by OFI and OCI or the Agent as may
be necessary for the Borrowers or the Agent to comply with its obligations under
FATCA, to determine that such Lender has complied with such Lender’s
obligations under FATCA or to determine the amount to deduct and withhold from
such payment.

     (f) Notwithstanding
anything to the contrary herein, for any period with respect to which a Lender
has failed to provide OFI and OCI with the appropriate form, certificate or
other document described in Section 2.14(e) (other than if such failure
is due to a change in law, or in the interpretation or application thereof,
occurring subsequent to the date on which a form, certificate or other document
originally was required to be provided, or if such form, certificate or other
document otherwise is not required under Section 2.14(e) above), such Lender
shall not be entitled to a gross-up or indemnification under Section 2.14(a) or
(c) with respect to Taxes imposed by the United States by reason of such
failure, including any United States federal withholding tax imposed as a result
of a failure to satisfy the applicable requirements of FATCA after December 31,
2010, or such later date on which the requirements of FATCA become effective;
provided, however, that should a Lender become subject to

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Omnicom: Three Year Credit Agreement

Taxes because of its failure to deliver a form, certificate or other document required hereunder, the Borrowers shall take such steps as the Lender shall reasonably request to assist the Lender to recover such Taxes.

     (g) In respect of
Advances to OFP, each Lender shall designate an Applicable Lending Office that
is beneficially entitled to interest under such Advances and that, on the date
of this Agreement or (in the case of any Person that becomes a Lender hereunder
by means of an assignment) on the date such Lender becomes a party hereto is
either (i) within the charge to United Kingdom corporation tax in respect of
interest in respect of an advance by a Person that was a bank (for the purposes
of Section 879 of the ITA) at the time the advance was made; or (ii) resident in
a country with which the United Kingdom has a double taxation agreement which
makes provision for full exemption from United Kingdom taxation on interest
payable by OFP pursuant to this Agreement and does not carry on business in the
United Kingdom through a permanent establishment with which the payment is
effectively connected (each such Person which is so resident being hereinafter
in this Section 2.14 referred to as a “Treaty Lender”); or
(iii) a company resident in the United Kingdom, or a partnership each member of
which is a company resident in the United Kingdom for United Kingdom tax
purposes; or (iv) a company not so resident in the United Kingdom which carries
on a trade in the United Kingdom through a permanent establishment and which is
required to bring into account interest payable to it by OFP pursuant to this
Agreement in computing its chargeable profits for the purposes of Section 19 of
the CTA. If, on the date on which any interest payment falls due, any Lender
does not or ceases to comply with, or is not a Person who falls within, clause
(i), (ii), (iii) or (iv) above other than by reason of any change after the date
of this Agreement in (or in the interpretation, administration or application
of) any law or double taxation agreement or any published practice or concession
of any relevant taxing authority, the Borrowers shall not be required to
compensate such Lender under Section 2.14(a) or 2.14(c) for the amount of Taxes
imposed by the United Kingdom in consequence. Subject to Section 2.14(h)(i)
below, any Lender to whom clause (ii) above is relevant and OFP shall cooperate
in promptly completing any procedural formalities necessary for OFP to obtain
authorization to make interest payments without deduction for United Kingdom
income tax. The Borrowers shall not be required to compensate any Lender to whom
clause (ii) above is relevant under Section 2.14(a) or 2.14(c) for any deduction
for United Kingdom income tax from interest payments if such deduction is
required as a result of the failure of such Lender to comply with its
obligations in the preceding sentence (other than a failure that is attributable
to the failure by OFP to comply with its obligations in the preceding
sentence).

     (h) (i) A Treaty
Lender which holds a passport under the HMRC DT Treaty Passport scheme which
becomes a party to this Agreement, and which wishes that scheme to apply to an
Advance made available to OFP under this Agreement, shall include an indication
to that effect by including its scheme reference number and its jurisdiction of
tax residence in Schedule 1 hereto or, where relevant, the Assumption Agreement
or the Assignment and Acceptance (for the benefit of the Agent and without
liability to any Borrower). If such Treaty Lender includes the indication
described above then OFP shall file a duly completed form DTTP2 in respect of
such Treaty Lender with HM Revenue & Customs within 30 days of the date of
the amendment and restatement of this Agreement, the Assumption Agreement, or
the Assignment and Acceptance (as the case may be) (as shall any other relevant
United Kingdom Borrower within 30 days of that Borrower becoming party to this
Agreement). If a Lender has not indicated that it wishes the HMRC DT Treaty
Passport scheme to apply to this Agreement as per the above then no Borrower
shall file any form relating to the HMRC DT Treaty Passport scheme in respect of
that Lender's Advances. For the avoidance of doubt, nothing in this Section 2.14
shall require a Treaty Lender to (x) register under the HMRC DT Treaty Passport
scheme; (y) apply the HMRC DT Treaty Passport scheme to any Advance if it has so
registered or (z) file any forms relating to any double taxation agreement with
the United Kingdom if it has indicated that it wishes the HMRC DT Treaty
Passport scheme to apply to this Agreement in accordance with the above and the
relevant Borrower has not complied with its obligations under this Section
2.14(h)(i).

     (ii) Each Treaty
Lender irrevocably appoints the Agent to act as syndicate manager under, and
authorizes the Agent to operate, and take any action necessary or desirable
under, the SL Scheme in connection with any Borrowing hereunder. Each Treaty
Lender shall cooperate with the Agent in completing any procedural formalities
necessary under the SL Scheme, and shall promptly supply to the Agent such
information as the Agent may request in connection with the operation of the SL
Scheme. Each Treaty Lender without limiting the liability of any Borrower under
this Agreement, shall, within five Business Days of demand, indemnify the Agent
for any liability or loss incurred by the Agent as a result of the Agent acting
as syndicate manager under the SL Scheme in connection with the Treaty
Lender’s participation in any Borrowing (except to the extent that the
liability or loss arises directly from the Agent’s gross negligence or
willful misconduct). Each Treaty Lender shall, within five

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Omnicom: Three Year Credit Agreement

Business Days of demand, indemnify each Borrower
for any Tax which such Borrower becomes liable to pay in respect of any payments
made to such Treaty Lender arising as a result of any incorrect information
supplied by such Treaty Lender which results in a provisional authority issued
by HM Revenue and Customs under the SL Scheme being withdrawn. Each Borrower
acknowledges that it is fully aware of its contingent obligations under the SL
Scheme and shall (i) promptly inform the Agent of all actions required to be
performed by the Agent under the SL Scheme, (ii) promptly supply to the Agent
such information as the Agent may request in connection with the operation of
the SL Scheme; and (iii) act in accordance with any provisional notice issued by
HM Revenue and Customs under the SL Scheme. The Agent agrees to provide, as soon
as reasonably practicable, a copy of any provisional authority issued to it
under the SL Scheme in connection with any Borrowing to those Borrowers
specified in such provisional authority. Each of the Borrowers, the Treaty
Lenders and the Agent acknowledges that the Agent: (i) is entitled to rely
completely upon information provided to it in connection with this clause; (ii)
is not obliged to undertake any inquiry into the accuracy of such information
nor into the status of the Treaty Lender or, as the case may be, Borrower
providing such information; and (iii) shall have no liability to any Person for
the accuracy of any information it submits to HM Revenue and Customs in
connection with this clause.

     (i) Any Lender claiming any additional amounts payable pursuant to this Section 2.14 agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to change the jurisdiction of its Eurocurrency Lending Office if the making of such a change would avoid the need for, or reduce the amount of, any such additional amounts that may thereafter accrue and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender.

     (j) If the Agent or
any Lender, in its sole discretion, determines that it has received a refund of
any Taxes or Other Taxes (including by virtue of a credit or offset of such
Taxes or Other Taxes) as to which it has been indemnified by a Borrower or with
respect to which a Borrower has made a gross-up payment under Section 2.14(a) or
2.14(c), it shall pay to such Borrower an amount equal to such refund (but only
to the extent of indemnity payments made, or gross-up paid, by such Borrower
under this Section 2.14 with respect to the Taxes or Other Taxes giving rise to
such refund), net of all reasonable out-of-pocket expenses of the Agent or such
Lender, as the case may be, and without interest (other than any interest paid
by the relevant governmental authority with respect to such refund), provided that such Borrower upon the request of the Agent or such Lender, agrees to
repay the amount paid over to such Borrower (plus any penalties, interest
or other charges imposed by the relevant governmental authority) to the Agent or
such Lender if the Agent or such Lender is required to repay such refund to such
governmental authority. This Section 2.14(j) shall not be construed to require
the Agent or any Lender to make available its tax returns (or any other
information relating to its taxes that it deems confidential) to a Borrower or
any other Person.

     SECTION 2.15.
Sharing of Payments, Etc. If any Lender shall obtain any payment (whether
voluntary, involuntary, through the exercise of any right of set-off, or
otherwise) on account of the Advances owing to it (other than as payment of an
Advance made by an Issuing Bank pursuant to the first sentence of Section
2.03(c), to the extent that the unreimbursed amount of such Advance exceeds the
applicable Issuing Bank’s Ratable Share of the initial amount of such
Advance, or pursuant to Section 2.11, 2.14, 2.19 or 9.04(c)) in excess of its
Ratable Share of payments on account of the Advances obtained by all the
Lenders, such Lender shall forthwith purchase from the other Lenders such
participations in the Advances owing to them as shall be necessary to cause such
purchasing Lender to share the excess payment ratably with each of them;
provided, however, that if all or any portion of such excess
payment is thereafter recovered from such purchasing Lender, such purchase from
each Lender shall be rescinded and such Lender shall repay to the purchasing
Lender the purchase price to the extent of such recovery together with an amount
equal to such Lender’s ratable share (according to the proportion of (i)
the amount of such Lender’s required repayment to (ii) the total amount so
recovered from the purchasing Lender) of any interest or other amount paid or
payable by the purchasing Lender in respect of the total amount so recovered.
Each Borrower agrees that any Lender so purchasing a participation from another
Lender pursuant to this Section 2.15 may, to the fullest extent permitted by
law, exercise all its rights of payment (including the right of set-off) with
respect to such participation as fully as if such Lender were the direct
creditor of such Borrower in the amount of such participation.

     SECTION 2.16. Evidence of Debt. (a) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of each Borrower to such Lender resulting from each Advance owing to such Lender from time to time, including the amounts of principal and interest payable and paid

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Omnicom: Three Year Credit Agreement

to such Lender from time to time hereunder in respect of Advances made to such Borrower. The Borrowers agree that upon notice by any Lender to the Borrowers (with a copy of such notice to the Agent) to the effect that a Note is required or appropriate in order for such Lender to evidence (whether for purposes of pledge, enforcement or otherwise) the Advances owing to, or to be made by, such Lender, the Borrowers shall promptly execute and deliver to such Lender a Note payable to the order of such Lender in a principal amount up to the Revolving Credit Commitment of such Lender.

     (b) The Register maintained by the Agent pursuant to Section 9.07(d) shall include a control account, and a subsidiary account for each Lender, in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of Advances comprising such Borrowing and, if appropriate, the Interest Period applicable thereto, (ii) the terms of each Assumption Agreement and each Assignment and Acceptance delivered to and accepted by it, (iii) the amount of any principal or interest due and payable or to become due and payable from each Borrower to each Lender hereunder and (iv) the amount of any sum received by the Agent from each Borrower hereunder and each Lender’s share thereof.

     (c) Entries made in good faith by the Agent in the Register pursuant to subsection (b) above, and by each Lender in its account or accounts pursuant to subsection (a) above, shall be prima facie evidence of the amount of principal and interest due and payable or to become due and payable from each Borrower to, in the case of the Register, each Lender and, in the case of such account or accounts, such Lender, under this Agreement, absent manifest error; provided, however, that the failure of the Agent or such Lender to make an entry, or any finding that an entry is incorrect, in the Register or such account or accounts shall not limit or otherwise affect the obligations of any Borrower under this Agreement.

     SECTION 2.17. Use of Proceeds. The proceeds of the Advances shall be available (and each Borrower agrees that it shall use such proceeds) solely for general corporate purposes of the Borrowers and their Subsidiaries, including, without limitation, as commercial paper liquidity support and to fund acquisitions otherwise not prohibited hereunder.

     SECTION 2.18.
Increase in the Aggregate Commitments. (a) The Guarantor may, at any time
but in any event not more than once in any calendar year prior to the
Termination Date, by notice to the Agent, request that the aggregate amount of
the Revolving Credit Commitments be increased by an amount of $10,000,000 or an
integral multiple thereof (each a “Commitment Increase”) to be
effective as of a date that is at least 90 days prior to the scheduled
Termination Date then in effect and not less than three Business Days after the
date of such notice (the “Increase Date”) as specified in the
related notice to the Agent; provided, however that (i) in no
event shall the aggregate amount of the Revolving Credit Commitments at any time
exceed $2,500,000,000 and (ii) on the date of any request by the Guarantor for a
Commitment Increase and on the related Increase Date the applicable conditions
set forth in Article III shall be satisfied.

     (b) The Agent shall
promptly notify the Lenders of a request by the Guarantor for a Commitment
Increase, which notice shall include (i) the proposed amount of such requested
Commitment Increase, (ii) the proposed Increase Date and (iii) the date by which
Lenders wishing to participate in the Commitment Increase must commit to an
increase in the amount of their respective Revolving Credit Commitments (the
“Commitment Date”). Each Lender that is willing to participate
in such requested Commitment Increase (each an “Increasing
Lender”) shall, in its sole discretion, give written notice to the
Agent on or prior to the Commitment Date of the amount by which it is willing to
increase its Revolving Credit Commitment. If the Lenders notify the Agent that
they are willing to increase the amount of their respective Revolving Credit
Commitments by an aggregate amount that exceeds the amount of the requested
Commitment Increase, the requested Commitment Increase shall be allocated among
the Lenders willing to participate therein in such amounts as are agreed between
the Guarantor and the Agent.

     (c) Promptly following each Commitment Date, the Agent shall notify the Guarantor as to the amount, if any, by which the Lenders are willing to participate in the requested Commitment Increase. If the aggregate amount by which the Lenders are willing to participate in any requested Commitment Increase on any such Commitment Date is less than the requested Commitment Increase, then the Guarantor may extend offers to one or more Eligible Assignees to participate in any portion of the requested Commitment Increase that has not been committed to by the Lenders as of the applicable Commitment Date; provided, however, that the Revolving Credit

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Omnicom: Three Year Credit Agreement

Commitment of each such Eligible Assignee shall be in an amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.

     (d) On each Increase Date, each Eligible Assignee that accepts an offer to participate in a requested Commitment Increase in accordance with Section 2.18(b) (each such Eligible Assignee, an “Assuming Lender”) shall become a Lender party to this Agreement as of such Increase Date and the Revolving Credit Commitment of each Increasing Lender for such requested Commitment Increase shall be so increased by such amount (or by the amount allocated to such Lender pursuant to the last sentence of Section 2.18(b)) as of such Increase Date; provided, however, that the Agent shall have received on or before such Increase Date the following, each dated such date:

       (i) (A) certified copies of resolutions of the Board of Directors of each Loan Party or the Executive Committee of such Board approving the Commitment Increase and (B) an opinion of counsel for the Loan Parties (which may be in-house counsel), in substantially the form of Exhibits D-1 and D-2 hereto;

       (ii) an assumption agreement from each Assuming Lender, if any, in form and substance satisfactory to the Guarantor and the Agent (each an “Assumption Agreement”), duly executed by such Eligible Assignee, the Agent and the Guarantor; and

       (iii) confirmation from each Increasing Lender of the increase in the amount of its Commitment in a writing satisfactory to the Guarantor and the Agent.

On each Increase Date, upon fulfillment of the
conditions set forth in the immediately preceding sentence of this Section
2.18(d), the Agent shall notify the Lenders (including, without limitation, each
Assuming Lender) and the Loan Parties, on or before 1:00 P.M. (New York City
time), by telecopier, of the occurrence of the Commitment Increase to be
effected on such Increase Date and shall record in the Register the relevant
information with respect to each Increasing Lender and each Assuming Lender on
such date. Each Increasing Lender and each Assuming Lender shall, before 2:00
P.M. (New York City time) on the Increase Date, make available for the account
of its Applicable Lending Office to the Agent at the Agent’s Account, in
same day funds, in the case of such Assuming Lender, an amount equal to such
Assuming Lender’s ratable portion of the Borrowings then outstanding
(calculated based on its Revolving Credit Commitment as a percentage of the
aggregate Revolving Credit Commitments outstanding after giving effect to the
relevant Commitment Increase) and, in the case of such Increasing Lender, an
amount equal to the excess of (i) such Increasing Lender’s ratable portion
of the Borrowings then outstanding (calculated based on its Revolving Credit
Commitment as a percentage of the aggregate Revolving Credit Commitments
outstanding after giving effect to the relevant Commitment Increase) over (ii)
such Increasing Lender’s ratable portion of the Borrowings then outstanding
(calculated based on its Revolving Credit Commitment (without giving effect to
the relevant Commitment Increase) as a percentage of the aggregate Revolving
Credit Commitments (without giving effect to the relevant Commitment Increase)).
After the Agent’s receipt of such funds from each such Increasing Lender
and each such Assuming Lender, the Agent will promptly thereafter cause to be
distributed like funds to the other Lenders for the account of their respective
Applicable Lending Offices in an amount to each other Lender such that the
aggregate amount of the outstanding Advances owing to each Lender after giving
effect to such distribution equals such Lender’s ratable portion of the
Borrowings then outstanding (calculated based on its Revolving Credit Commitment
as a percentage of the aggregate Revolving Credit Commitments outstanding after
giving effect to the relevant Commitment Increase).

     SECTION 2.19. Defaulting Lenders. (a) If any Letters of Credit are outstanding at the time a Lender becomes a Defaulting Lender, and the Commitments have not been terminated in accordance with Section 6.01, then:

       (i) so long as no Default has occurred and is continuing, all or any part of the Available Amount of outstanding Letters of Credit shall be reallocated among the Lenders that are not Defaulting Lenders (“non-Defaulting Lenders”) in accordance with their respective Ratable Shares (disregarding any Defaulting Lender’s Revolving Credit Commitment) but only to the extent that the sum of (A) the aggregate principal amount of all Advances made by such non-Defaulting Lenders (in their capacity as

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Omnicom: Three Year Credit Agreement

  Lenders) and outstanding at such time, plus (B) such non-Defaulting Lenders’ Ratable Shares (before giving effect to the reallocation contemplated herein) of the Available Amount of all outstanding Letters of Credit, plus (C) the aggregate principal amount of all Advances made by each Issuing Bank pursuant to Section 2.03(c) that have not been ratably funded by such non-Defaulting Lenders and outstanding at such time, plus (D) such Defaulting Lender’s Ratable Share of the Available Amount of such Letters of Credit, does not exceed the total of all non-Defaulting Lenders’ Revolving Credit Commitments.

       (ii) if the
reallocation described in clause (i) above cannot, or can only partially, be
effected, the Borrowers shall within one Business Day following notice by any
Issuing Bank, cash collateralize such Defaulting Lender’s Ratable Share of
the Available Amount of such Letters of Credit (after giving effect to any
partial reallocation pursuant to clause (i) above) by paying cash collateral to
such Issuing Bank; provided that, so long as no Default shall be
continuing, such cash collateral shall be released promptly upon the earliest of
(A) the reallocation of the Available Amount of outstanding Letters of Credit
among non-Defaulting Lenders in accordance with clause (i) above, (B) the
termination of the Defaulting Lender status of the applicable Lender or (C) such
Issuing Bank’s good faith determination that there exists excess cash
collateral (in which case, the amount equal to such excess cash collateral shall
be released);

       (iii) if the Ratable Shares of Letters of Credit of the non-Defaulting Lenders are reallocated pursuant to this Section 2.19(a), then the fees payable to the Lenders pursuant to Section 2.04(b)(i) shall be adjusted in accordance with such non-Defaulting Lenders’ Ratable Shares of Letters of Credit;

       (iv) if any Defaulting Lender’s Ratable Share of Letters of Credit is neither cash collateralized nor reallocated pursuant to this Section 2.19(a), then, without prejudice to any rights or remedies of any Issuing Bank or any Lender hereunder, all Letter of Credit fees payable under Section 2.04(b)(i) with respect to such Defaulting Lender’s Ratable Share of Letters of Credit shall be payable to the applicable Issuing Bank until such Defaulting Lender’s Ratable Share of Letters of Credit is cash collateralized and/or reallocated; and

       (v) to the extent that the Available Amount of any outstanding Letter of Credit is cash collateralized by the Borrowers pursuant to this Section 2.19, the Borrowers shall not be required to pay any commission otherwise payable pursuant to Section 2.04(b)(i) on that portion of the Available Amount that is so cash collateralized.

     (b) So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, amend or increase any Letter of Credit unless it is satisfied that the related exposure will be 100% covered by the Revolving Credit Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the applicable Borrower, and participating interests in any such newly issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.19(a)(i) (and Defaulting Lenders shall not participate therein).

     (c) No Revolving Credit Commitment of any Lender shall be increased or otherwise affected, and, except as otherwise expressly provided in this Section 2.19, performance by the Borrowers of their obligations shall not be excused or otherwise modified as a result of the operation of this Section 2.19. The rights and remedies against a Defaulting Lender under this Section 2.19 are in addition to any other rights and remedies which the Borrowers, the Agent, any Issuing Bank or any Lender may have against such Defaulting Lender.

     (d) If the
Borrowers, the Agent and each Issuing Bank agree in writing in their reasonable
determination that a Defaulting Lender should no longer be deemed to be a
Defaulting Lender, the Agent will so notify the parties hereto, whereupon as of
the effective date specified in such notice and subject to any conditions set
forth therein (which may include arrangements with respect to any cash
collateral), that Lender will, to the extent applicable, purchase that portion
of outstanding Advances of the other Lenders or take such other actions as the
Agent may determine to be necessary to cause the Advances and funded and
unfunded participations in Letters of Credit to be held on a pro rata basis by
the Lenders in accordance with their Ratable Share (without giving effect to
Section 2.19(a)), whereupon such Lender will cease to be a Defaulting Lender;
provided that no adjustments will be made retroactively with respect to
fees accrued or payments made by or on behalf of any Borrower while that Lender
was a Defaulting Lender; and provided, further, that except to the
extent otherwise expressly agreed by the

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affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender.

     (e) Notwithstanding
anything to the contrary contained in this Agreement, any payment of principal,
interest, facility fees, Letter of Credit commissions or other amounts received
by the Agent for the account of any Defaulting Lender under this Agreement
(whether voluntary or mandatory, at maturity, pursuant to Article VI or
otherwise) shall be applied at such time or times as may be determined by the
Agent as follows: first, to the payment of any amounts owing by such
Defaulting Lender to the Agent hereunder; second, to the payment on a pro
rata basis of any amounts owing by such Defaulting Lender to any Issuing Bank
hereunder; third, if so determined by the Agent or requested by any
Issuing Bank, to be held as cash collateral for future funding obligations of
such Defaulting Lender in respect of any participation in any Letter of Credit;
fourth, as the Borrowers may request (so long as no Default exists), to
the funding of any Advance in respect of which that Defaulting Lender has failed
to fund its portion thereof as required by this Agreement, as determined by the
Agent; fifth, if so determined by the Agent and the Borrowers, to be held
in the L/C Cash Deposit Account and released in order to satisfy obligations of
such Defaulting Lender to fund Advances under this Agreement; sixth, to
the payment of any amounts owing to the Lenders or the Issuing Banks as a result
of any judgment of a court of competent jurisdiction obtained by any Lender or
Issuing Bank against such Defaulting Lender as a result of such Defaulting
Lender’s breach of its obligations under this Agreement; seventh, so
long as no Default exists, to the payment of any amounts owing to any Borrower
as a result of any judgment of a court of competent jurisdiction obtained by
such Borrower against such Defaulting Lender as a result of such Defaulting
Lender's breach of its obligations under this Agreement; and
eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Advance in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Advances were made or the related Letters of Credit were issued at a time when the applicable conditions set forth in Article III were satisfied or waived, such payment shall be applied solely to pay the Advances of all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Advances of such Defaulting Lender and provided further that any amounts held as cash collateral for funding obligations of a Defaulting Lender shall be returned to such Defaulting Lender upon the termination of this Agreement and the satisfaction of such Defaulting Lender’s obligations hereunder. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or
held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this Section 2.19 shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.

ARTICLE III

CONDITIONS TO EFFECTIVENESS AND LENDING

     SECTION 3.01. Conditions Precedent to Effectiveness of Section 2.01. Section 2.01 of this Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions precedent have been satisfied:

       (a) There shall have occurred no Material Adverse Change since December 31, 2009.

       (b) There shall exist no action, suit, investigation, litigation or proceeding affecting the Guarantor or any of its Subsidiaries pending or threatened before any court, governmental agency or arbitrator that (i) could be reasonably likely to have a Material Adverse Effect other than the matters described on Schedule 3.01(b) hereto (the “Disclosed Litigation”) or (ii) purports to affect the legality, validity or enforceability of this Agreement or any Note or the consummation of the transactions contemplated hereby, and there shall have been no adverse change in the status, or financial effect on the Guarantor or any of its Subsidiaries, of the Disclosed Litigation from that described on Schedule 3.01(b) hereto.

       (c) Nothing shall have come to the attention of the Lenders during the course of their due diligence investigation to lead them to believe that the Information Memorandum was or has become misleading, incorrect or incomplete in any material respect; without limiting the generality of the

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Omnicom: Three Year Credit Agreement

  foregoing, the Lenders shall have been given such access to the management, records, books of account, contracts and properties of the Guarantor and its Subsidiaries as they shall have requested.

       (d) All governmental and third party consents and approvals necessary in connection with the transactions contemplated hereby shall have been obtained (without the imposition of any conditions that are not acceptable to the Lenders) and shall remain in effect, and no law or regulation shall be applicable in the reasonable judgment of the Lenders that restrains, prevents or imposes materially adverse conditions upon the transactions contemplated hereby.

       (e) The Borrowers shall have notified each Lender and the Agent in writing as to the proposed Effective Date.

       (f) The Borrowers shall have paid all accrued fees and expenses of the Agent and the Lenders (including the accrued fees and expenses of counsel to the Agent).

       (g) On the Effective Date, the following statements shall be true and the Agent shall have received for the account of each Lender a certificate signed by a duly authorized officer of the Guarantor, dated the Effective Date, stating that:

  
         (i) The representations and warranties contained in Section 4.01 are correct on and as of the Effective Date, and

         (ii) No event has occurred and is continuing that constitutes a Default.

  

       (h) The Agent shall have received on or before the Effective Date the following, each dated such day, in form and substance satisfactory to the Agent and (except for the Notes) in sufficient copies for each Lender:

  
         (i) The Notes to the order of the Lenders to the extent requested by any Lender pursuant to Section 2.16.

         (ii) Certified copies of the resolutions of the Board of Directors of each Loan Party approving this Agreement and the Notes to which it is a party, and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement and the Notes to which it is a party.

         (iii) A certificate of the Secretary or an Assistant Secretary of each Loan Party certifying the names and true signatures of the officers of such Loan Party authorized to sign this Agreement and the Notes to which it is a party and the other documents to be delivered by it hereunder.

         (iv) A favorable opinion of Dewey & LeBoeuf LLP, New York counsel for the Loan Parties, and Macfarlanes LLP, English counsel for OFP, substantially in the form of Exhibits D-1 and D-2 hereto, respectively, and as to such other matters as any Lender through the Agent may reasonably request.

         (v) A favorable opinion of Shearman & Sterling LLP, counsel for the Agent, in form and substance satisfactory to the Agent.

  

     SECTION 3.02. Conditions Precedent to Each Borrowing, Each Issuance and Each Commitment Increase. The obligation of each Lender to make an Advance (other than an Advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c)) on the occasion of each Borrowing, the obligation of each Issuing Bank to issue a Letter of Credit and each Commitment Increase shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Borrowing, such issuance or such Increase Date (a) the following

30

Omnicom: Three Year Credit Agreement

statements shall be true (and each of the giving of the applicable Notice of Borrowing, Notice of Issuance, request for Commitment Increase and the acceptance by a Borrower of the proceeds of such Borrowing shall constitute a representation and warranty by such Borrower that on the date of such Borrowing, such issuance or such Increase Date such statements are true):

       (i) the representations and warranties contained in Section 4.01 (except, in the case of a Borrowing or issuance, the representations set forth in the last sentence of subsection (e) thereof and in subsection (f)(i) thereof) are correct on and as of such date, before and after giving effect to such Borrowing, such issuance or such Commitment Increase and to the application of the proceeds therefrom, as though made on and as of such date, and

       (ii) no event has occurred and is continuing, or would result from such Borrowing, such issuance or such Commitment Increase or from the application of the proceeds therefrom, that constitutes a Default;

and (b) the Agent shall have received such other approvals, opinions or documents as any Lender through the Agent may reasonably request.

     SECTION 3.03. Determinations Under Section 3.01. For purposes of determining compliance with the conditions specified in Section 3.01, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrowers, by notice to the Lenders, designate as the proposed Effective Date, specifying its objection thereto. The Agent shall promptly notify the Lenders of the occurrence of the Effective Date.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

     SECTION 4.01. Representations and Warranties of the Guarantor. The Guarantor represents and warrants as follows:

       (a) Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization.

       (b) The execution, delivery and performance by each Loan Party of this Agreement and the Notes to be delivered by it, and the consummation of the transactions contemplated hereby, are within the such Loan Party’s corporate powers, have been duly authorized by all necessary corporate action, and do not contravene (i) such Loan Party’s charter or by-laws or other organizational documents or (ii) any law or any contractual restriction binding on or affecting any Loan Party.

       (c) No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or any other third party is required for the due execution, delivery and performance by any Loan Party of this Agreement or the Notes to be delivered by it.

       (d) This Agreement has been, and each of the Notes to be delivered by it when delivered hereunder will have been, duly executed and delivered by each Loan Party party thereto. This Agreement is, and each of the Notes when delivered hereunder will be, the legal, valid and binding obligation of each Loan Party party thereto enforceable against such Loan Party in accordance with their respective terms.

       (e) The Consolidated balance sheet of the Guarantor and its Subsidiaries as at December 31, 2009, and the related Consolidated statements of income and cash flows of the Guarantor and its Subsidiaries for the fiscal year then ended, accompanied by an opinion of KPMG LLP, independent public

31

Omnicom: Three Year Credit Agreement

  accountants, and the Consolidated balance sheet of the Guarantor and its Subsidiaries as at September 30, 2010, and the related Consolidated statements of income and cash flows of the Guarantor and its Subsidiaries for the nine months then ended, duly certified by the chief financial officer of the Guarantor, copies of which have been furnished to each Lender, fairly present, subject, in the case of said balance sheet as at September 30, 2010, and said statements of income and cash flows for the nine months then ended, to year-end audit adjustments, the Consolidated financial condition of the Guarantor and its Subsidiaries as at such dates and the Consolidated results of the operations of the Guarantor and its Subsidiaries for the periods ended on such dates, all in accordance with generally accepted accounting principles consistently applied. Since December 31, 2009, there has been no Material Adverse Change.

       (f) There is no pending or, to the knowledge of the Guarantor, threatened action, suit, investigation, litigation or proceeding, including, without limitation, any Environmental Action, affecting the Guarantor or any of its Subsidiaries before any court, governmental agency or arbitrator that (i) could be reasonably likely to have a Material Adverse Effect (other than the Disclosed Litigation), and there has been no adverse change in the status, or financial effect on the Guarantor or any of its Subsidiaries, of the Disclosed Litigation from that described on Schedule 3.01(b) hereto or (ii) purports to affect the legality, validity or enforceability of this Agreement or any Note or the consummation of the transactions contemplated hereby.

       (g) No Loan Party is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System), and no proceeds of any Advance will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock.

       (h) No Loan Party is an “investment company”, or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended.

       (i) All factual information (taken as a whole) heretofore or contemporaneously furnished by or on behalf of any Loan Party in writing to any Lender (including, without limitation, all information contained in this Agreement) for purposes of or in connection with this Agreement or any transaction contemplated herein is, and all other such factual information (taken as a whole) hereafter furnished by or on behalf of such Loan Party in writing to any Lender will be, true and accurate in all material respects on the date as of which such information is dated or certified and does not or will not omit to state any fact necessary to make such information (taken as a whole) not misleading in any material respect at such time in light of the circumstances under which such information was provided.

ARTICLE V

COVENANTS OF THE GUARANTOR

     SECTION 5.01. Affirmative Covenants. So long as any Advance shall remain unpaid or any Lender shall have any Commitment hereunder, the Guarantor will:

       (a) Compliance with Laws, Etc. Comply, and cause each of its Subsidiaries to comply with all applicable laws, rules, regulations and orders, such compliance to include, without limitation, compliance with ERISA and Environmental Laws except, in each case, to the extent that failure to comply would not reasonably be expected to have a Material Adverse Effect.

       (b) Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon it or upon its property and (ii) all lawful claims that, if unpaid, might by law become a Lien upon its property; provided, however, that neither the Guarantor nor any of its Subsidiaries shall be

32

Omnicom: Three Year Credit Agreement

  required to pay or discharge any such tax, assessment, charge or claim that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

       (c) Maintenance of Insurance. Maintain, and cause each of its Subsidiaries to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in the same general areas in which the Guarantor or such Subsidiary operates.

       (d) Preservation
of Corporate Existence, Etc. Preserve and maintain, and cause each of its
Subsidiaries to preserve and maintain, its corporate existence, rights (charter
and statutory) and franchises; provided, however, that the
Guarantor and its Subsidiaries may consummate any merger or consolidation
permitted under Section 5.02(b) and provided further that neither the
Guarantor nor any of its Subsidiaries shall be required to preserve any right or
franchise, or the existence of any Subsidiary of the Guarantor that is not a
Borrower, if the Board of Directors of the Guarantor or the Borrower that is the
corporate parent of such Subsidiary shall determine that the preservation
thereof is no longer desirable in the conduct of the business of the Guarantor
or such Borrower, as the case may be, and that the loss thereof is not
disadvantageous in any material respect to the Guarantor, such Borrower or the
Lenders.

       (e) Visitation Rights. At any reasonable time and from time to time, permit the Agent or any of the Lenders or any agents or representatives thereof, to examine and make copies of and abstracts from the records and books of account of, and visit the properties of, the Guarantor and any of its Subsidiaries, and to discuss the affairs, finances and accounts of the Guarantor and any of its Subsidiaries with any of their officers or directors and with their independent certified public accountants.

       (f) Keeping of Books. Keep, and cause each of its Subsidiaries to keep, proper books of record and account, in which full and correct entries shall be made of all financial transactions and the assets and business of the Guarantor and each such Subsidiary in accordance with generally accepted accounting principles in effect from time to time.

       (g) Maintenance of Properties, Etc. Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its properties that are used or useful in the conduct of its business in good working order and condition, ordinary wear and tear excepted.

       (h) Transactions with Affiliates. Conduct, and cause each of its Subsidiaries to conduct, all transactions otherwise permitted under this Agreement with any of their Affiliates on terms that are fair and reasonable and no less favorable to the Guarantor or such Subsidiary than it would obtain in a comparable arm’s-length transaction with a Person not an Affiliate.

  
         (i) Reporting Requirements. Furnish to the Lenders:

         (i) as soon as
available and in any event within 50 days after the end of each of the first
three quarters of each fiscal year of the Guarantor, the Consolidated balance
sheet of the Guarantor and its Subsidiaries as of the end of such quarter and
Consolidated statements of income and cash flows of the Guarantor and its
Subsidiaries for the period commencing at the end of the previous fiscal year
and ending with the end of such quarter, duly certified (subject to year-end
audit adjustments) by the chief financial officer of the Guarantor as having
been prepared in accordance with generally accepted accounting principles and
certificates of the chief financial officer of the Guarantor as to compliance
with the terms of this Agreement and setting forth in reasonable detail the
calculations necessary to demonstrate compliance with Section 5.03, provided that in the event of any change in generally accepted accounting principles
used in the preparation of such financial statements, the Guarantor shall also
provide, if necessary for the determination of compliance with Section 5.03, a
statement of reconciliation conforming such financial statements to GAAP;

  

33

Omnicom: Three Year Credit Agreement

  
         (ii) as soon as
available and in any event within 95 days after the end of each fiscal year of
the Guarantor, a copy of the annual audit report for such year for the Guarantor
and its Subsidiaries, containing the Consolidated balance sheet of the Guarantor
and its Subsidiaries as of the end of such fiscal year and Consolidated
statements of income and cash flows of the Guarantor and its Subsidiaries for
such fiscal year, in each case accompanied by an opinion acceptable to the
Required Lenders by KPMG LLP or other independent public accountants acceptable
to the Required Lenders and certificates of the chief financial officer of the
Guarantor as to compliance with the terms of this Agreement and setting forth in
reasonable detail the calculations necessary to demonstrate compliance with
Section 5.03, provided that in the event of any change in generally
accepted accounting principles used in the preparation of such financial
statements, the Guarantor shall also provide, if necessary for the determination
of compliance with Section 5.03, a statement of reconciliation conforming such
financial statements to GAAP;

         (iii) as soon as possible and in any event within five days after any senior officer of the Guarantor or a Borrower becomes aware or should have become aware of the occurrence of any Default, the occurrence of each Default continuing on the date of such statement, a statement of the chief financial officer of the Guarantor setting forth details of such Default and the action that the Guarantor has taken and proposes to take with respect thereto;

         (iv) promptly after the sending or filing thereof, copies of all reports that the Guarantor sends to any of its securityholders, and copies of all reports and registration statements that the Guarantor or any Subsidiary files with the Securities and Exchange Commission (the “SEC”) or any national securities exchange;

         (v) promptly after the commencement thereof, notice of all actions and proceedings before any court, governmental agency or arbitrator affecting the Guarantor or any of its Subsidiaries of the type described in Section 4.01(f); and

         (vi) such other information respecting the Guarantor or any of its Subsidiaries as any Lender through the Agent may from time to time reasonably request.

  

       Reports and financial statements required to be delivered by the Guarantor pursuant to clauses (i), (ii), (iv) and (v) of this Section 5.01(i) shall be deemed to have been delivered on the date on which it posts such reports, or reports containing such financial statements, on its website on the Internet at www.omnicomgroup.com or when such reports, or reports containing such financial statements are posted on the SEC’s website at www.sec.gov; provided that it shall deliver notice that such reports and financial statements are so available and shall deliver paper copies of the reports and financial statements referred to in clauses (i), (ii), (iv) and (v) of this Section 5.01(i) to the Agent or any Lender who requests it to deliver such paper copies until written notice to cease delivering paper copies is given by the Agent or such Lender.

     SECTION 5.02. Negative Covenants. So long as any Advance shall remain unpaid or any Lender shall have any Commitment hereunder, the Guarantor will not:

       (a) Liens, Etc. Create or suffer to exist, or permit any of its Subsidiaries to create or suffer to exist, any Lien on or with respect to any of its properties, whether now owned or hereafter acquired, or assign, or permit any of its Subsidiaries to assign, any right to receive income, other than:

  
         (i) Permitted Liens,

         (ii) purchase money Liens upon or in any real property or equipment acquired or held by the Guarantor or any Subsidiary in the ordinary course of business to secure the purchase price of such property or equipment or to secure Debt incurred solely for the purpose of financing the acquisition of such property or equipment, or Liens existing on such property or equipment at

  

34

Omnicom: Three Year Credit Agreement

  
    the time of its acquisition (other than any such Liens created in contemplation of such acquisition that were not incurred to finance the acquisition of such property) or extensions, renewals or replacements of any of the foregoing for the same or a lesser amount, provided, however, that no such Lien shall extend to or cover any properties of any character other than the real property or equipment being acquired and fixed improvements thereon or accessions thereto, and no such extension, renewal or replacement shall extend to or cover any properties not theretofore subject to the Lien being extended, renewed or replaced,

         (iii) the Liens existing on the Effective Date and described on Schedule 5.02(a) hereto,

         (iv) Liens on property of a Person existing at the time such Person is merged into or consolidated with the Guarantor or any Subsidiary of the Guarantor or becomes a Subsidiary of the Guarantor; provided that such Liens were not created in contemplation of such merger, consolidation or acquisition and do not extend to any assets other than those of the Person so merged into or consolidated with the Guarantor or such Subsidiary or acquired by the Guarantor or such Subsidiary,

         (v) Liens securing Debt permitted by Section 5.02(d)(vii),

         (vi) Liens granted by Subsidiaries of the Guarantor (other than the Borrowers) to secure Debt permitted by Section 5.02(d)(iv), and

         (vii) other Liens securing Debt, provided that the aggregate principal amount of such secured Debt shall not exceed 15% of the Consolidated net worth of the Guarantor and its Subsidiaries at any time.

  

       (b) Mergers, Etc. Merge or consolidate with or into, or convey, transfer, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to, any Person, or permit any of the Borrowers to do so.

       (c) Accounting Changes. Make or permit, or permit any of its Subsidiaries to make or permit, any change in accounting policies or reporting practices, except as required or permitted by generally accepted accounting principles.

       (d) Subsidiary Debt. Permit any of its Subsidiaries to create or suffer to exist, any Debt other than:

  
         (i) Debt existing on the Effective Date and described on Schedule 5.02(d) hereto (the “Existing Debt”), and any Debt extending the maturity of, or refunding or refinancing, in whole or in part, the Existing Debt, provided that the principal amount of such Existing Debt shall not be increased above the principal amount thereof outstanding immediately prior to such extension, refunding or refinancing plus any capitalized fees incurred in connection therewith, and the direct and contingent obligors therefor shall not be changed (other than to release any contingent obligor), as a result of or in connection with such extension, refunding or refinancing,

         (ii) accrued expenses and trade payables incurred in the ordinary course of business, and obligations under trade letters of credit incurred in the ordinary course of business, which are to be repaid in full not more than one year after the date on which such Debt is originally incurred to finance the purchase of goods by such Subsidiary,

         (iii) obligations under letters of credit or surety bonds incurred in the ordinary course of business in support of obligations incurred in connection with leases, worker’s compensation, unemployment insurance and other social security legislation,

  

35

Omnicom: Three Year Credit Agreement

  
         (iv) Debt owed to the Guarantor or to a wholly owned Subsidiary of the Guarantor,

         (v) Debt of the Borrowers,

         (vi) other Debt of Subsidiaries of the Guarantor which are not organized under the laws of the United States of America, a State of the United States of America or the District of Columbia and substantially all of whose assets and business are located or conducted outside the United States of America,

         (vii) Debt of a Person existing at the time such Person is merged into or consolidated with the Guarantor or any Subsidiary of the Guarantor or becomes a Subsidiary of the Guarantor; provided that such Debt was not created in contemplation of such merger, consolidation or acquisition, provided further that the aggregate principal amount of the Debt referred to in this clause (vii) shall not exceed $50,000,000 at any time outstanding,

         (viii) (x) Debt consisting of any guaranty made by any Subsidiary of the Guarantor in respect of Debt of any Loan Party, provided that such Subsidiary shall have entered into a guaranty of the Debt of the Guarantor under this Agreement in form and substance reasonably satisfactory to the Required Lenders and (y) Debt constituting guaranties of the Debt of the Guarantor under this Agreement, and

         (ix) indorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business.

  

       (e) Change in Nature of Business. Make, or permit any of its Subsidiaries to make, any material change in the nature of its business as carried on at the date hereof and other reasonably related businesses or businesses reasonably incidental thereto.

       (f) Payment Restrictions Affecting Subsidiaries. Directly or indirectly, enter into or suffer to exist, or permit any of its Subsidiaries to enter into or suffer to exist, any agreement or arrangement limiting the ability or any of its Subsidiaries to (i) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by the Guarantor or any of its Subsidiaries, or pay any Debt owed to the Guarantor or any of its Subsidiaries, (ii) make loans or advances to the Guarantor or (iii) transfer any of its properties or assets to the Guarantor, except for such agreements or arrangements existing under or by reason of (x) applicable law, (y) this Agreement and (z) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of a Subsidiary of the Guarantor.

     SECTION 5.03. Financial Covenants. So long as any Advance shall remain unpaid or any Lender shall have any Commitment hereunder, the Guarantor will:

       (a) Leverage Ratio. Maintain a ratio of Consolidated Debt for Borrowed Money of the Guarantor and its Subsidiaries to Consolidated EBITDA of the Guarantor and its Subsidiaries for the four quarters most recently ended of not greater than 3.0 to 1.

       (b) Interest Coverage Ratio. Maintain a ratio of Consolidated EBITDA of the Guarantor and its Subsidiaries for the four quarters most recently ended to interest payable on, and amortization of debt discount in respect of, all Debt during such period by the Guarantor and its Subsidiaries of not less than 5.0 to 1.

ARTICLE VI

EVENTS OF DEFAULT

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Omnicom: Three Year Credit Agreement

     SECTION 6.01. Events of Default. If any of the following events (“Events of Default”) shall occur and be continuing:

       (a) Any Borrower shall fail to pay any principal of any Advance when the same becomes due and payable; or any Borrower shall fail to pay any interest on any Advance or make any other payment of fees or other amounts payable under this Agreement or any Note within three Business Days after the same becomes due and payable; or

       (b) Any representation or warranty made by the Guarantor herein or by any Loan Party (or any of its officers) in connection with this Agreement shall prove to have been incorrect in any material respect when made; or

       (c) (i) The Guarantor shall fail to perform or observe any term, covenant or agreement contained in Section 5.01(d), (e), (h) or (i), 5.02 or 5.03, or (ii) any Loan Party shall fail to perform or observe any other term, covenant or agreement contained in this Agreement on its part to be performed or observed if such failure shall remain unremedied for 30 days after written notice thereof shall have been given to the Guarantor by the Agent or any Lender; or

       (d) The Guarantor
or any of its Subsidiaries shall fail to pay any principal of or premium or
interest on any Debt that is outstanding in a principal or notional amount of at
least $100,000,000 in the aggregate (but excluding Debt outstanding hereunder)
of the Guarantor or such Subsidiary (as the case may be), when the same becomes
due and payable (whether by scheduled maturity, required prepayment,
acceleration, demand or otherwise), and such failure shall continue after the
applicable grace period, if any, specified in the agreement or instrument
relating to such Debt; or any other event shall occur or condition shall exist
under any agreement or instrument relating to any such Debt and shall continue
after the applicable grace period, if any, specified in such agreement or
instrument, if the effect of such event or condition is to accelerate, or to
permit the acceleration of, the maturity of such Debt; or any such Debt shall be
declared to be due and payable, or required to be prepaid or redeemed (other
than by a regularly scheduled required prepayment or redemption), purchased or
defeased, or an offer to prepay, redeem, purchase or defease such Debt shall be
required to be made, in each case prior to the stated maturity thereof; or

       (e) The Guarantor
or any of its Subsidiaries shall generally not pay its debts as such debts
become due, or shall admit in writing its inability to pay its debts generally,
or shall make a general assignment for the benefit of creditors; or any
proceeding shall be instituted by or against the Guarantor or any of its
Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking
liquidation, winding up, reorganization, arrangement, adjustment, protection,
relief, or composition of it or its debts under any law relating to bankruptcy,
insolvency or reorganization or relief of debtors, or seeking the entry of an
order for relief or the appointment of a receiver, trustee, custodian or other
similar official for it or for any substantial part of its property and, in the
case of any such proceeding instituted against it (but not instituted by it),
either such proceeding shall remain undismissed or unstayed for a period of 60
days, or any of the actions sought in such proceeding (including, without
limitation, the entry of an order for relief against, or the appointment of a
receiver, trustee, custodian or other similar official for, it or for any
substantial part of its property) shall occur; or the Guarantor or any of its
Subsidiaries shall take any corporate action to authorize any of the actions set
forth above in this subsection (e); or

       (f) Judgments or orders for the payment of money in excess of $100,000,000 in the aggregate shall be rendered against the Guarantor or any of its Subsidiaries and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there shall be any period of 60 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; provided, however, that any such judgment or order shall not be an Event of Default under this Section 6.01(f) if and for so long as (i) the amount of such judgment or order is covered by a valid and binding policy of insurance between the defendant and the insurer covering payment thereof and (ii) such insurer, which shall be rated at least “A” by A.M. Best

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Omnicom: Three Year Credit Agreement

  Company, has been notified of, and has not disputed the claim made for payment of, the amount of such judgment or order; or

       (g) (i) Any Person or two or more Persons acting in concert shall have acquired beneficial ownership (within the meaning of Rule 13d-3 of the SEC under the Securities Exchange Act of 1934), directly or indirectly, of Voting Stock of the Guarantor (or other securities convertible into such Voting Stock) representing 30% or more of the combined voting power of all Voting Stock of the Guarantor; or (ii) during any period of up to 12 consecutive months, commencing after the date of this Agreement, individuals who at the beginning of such 12-month period were directors of the Guarantor shall cease for any reason to constitute a majority of the board of directors of the Guarantor; or (iii) the Guarantor shall cease for any reason to own, directly or indirectly, 100% of the Voting Stock of each of the Borrowers; or

       (h) Any material provision of the Guaranty shall cease to be valid and binding on or enforceable against the Guarantor, or the Guarantor shall so state in writing; or

       (i) The Guarantor or any of its ERISA Affiliates shall incur, or shall be reasonably likely to incur liability in excess of $100,000,000 in the aggregate as a result of one or more of the following: (i) the occurrence of any ERISA Event; (ii) the partial or complete withdrawal of the Guarantor or any of its ERISA Affiliates from a Multiemployer Plan; or (iii) the reorganization or termination of a Multiemployer Plan;

then, and in any such event, the Agent (i) shall
at the request, or may with the consent, of the Required Lenders, by notice to
the Borrowers, declare the obligation of each Lender to make Advances (other
than Advances by an Issuing Bank or a Lender pursuant to Section 2.03(c)) and of
the Issuing Banks to issue Letters of Credit to be terminated, whereupon the
same shall forthwith terminate, and (ii) shall at the request, or may with the
consent, of the Required Lenders, by notice to the Borrowers, declare the
Advances, all interest thereon and all other amounts payable under this
Agreement to be forthwith due and payable, whereupon the Advances, all such
interest and all such amounts shall become and be forthwith due and payable,
without presentment, demand, protest or further notice of any kind, all of which
are hereby expressly waived by each Borrower; provided, however,
that in the event of an actual or deemed entry of an order for relief with
respect to any Loan Party under the Federal Bankruptcy Code, (A) the obligation
of each Lender to make Advances (other than Advances by an Issuing Bank or a
Lender pursuant to Section 2.03(c)) and of the Issuing Banks to issue Letters of
Credit shall automatically be terminated and (B) the Advances, all such interest
and all such amounts shall automatically become and be due and payable, without
presentment, demand, protest or any notice of any kind, all of which are hereby
expressly waived by the Borrowers.

     SECTION 6.02.
Actions in Respect of Letters of Credit upon Default. If any Event of
Default shall have occurred and be continuing, the Agent may with the consent,
or shall at the request, of the Required Lenders, irrespective of whether it is
taking any of the actions described in Section 6.01 or otherwise, make demand
upon the Borrowers to, and forthwith upon such demand the Borrowers will, (a)
pay to the Agent for the benefit of the Lenders in same day funds at the
Agent’s office designated in such demand, for deposit in the L/C Cash
Deposit Account, an amount equal to the aggregate Available Amount of all
Letters of Credit then outstanding or (b) make such other arrangements in
respect of the outstanding Letters of Credit as shall be acceptable to the
Required Lenders. If at any time the Agent determines that any funds held in the
L/C Cash Deposit Account are subject to any right or interest of any Person
other than the Agent and the Lenders or that the total amount of such funds is
less than the aggregate Available Amount of all Letters of Credit, the Borrowers
will, forthwith upon demand by the Agent, pay to the Agent, as additional funds
to be deposited and held in the L/C Cash Deposit Account, an amount equal to the
excess of (a) such aggregate Available Amount over (b) the total amount of
funds, if any, then held in the L/C Cash Deposit Account that are free and clear
of any such right and interest. Upon the drawing of any Letter of Credit, to the
extent funds are on deposit in the L/C Cash Deposit Account, such funds shall be
applied to reimburse the Issuing Banks to the extent permitted by applicable
law, and if so applied, then such reimbursement shall be deemed a repayment of
the corresponding Advance in respect of such Letter of Credit. After all such
Letters of Credit shall have expired or been fully drawn upon and all other
obligations of the Borrowers hereunder and under the Notes shall have been paid
in full, the balance, if any, in such L/C Cash Deposit Account shall be promptly
returned to the Borrowers.

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Omnicom: Three Year Credit Agreement

ARTICLE VII

GUARANTY

     SECTION 7.01.
Guaranty. The Guarantor hereby absolutely, unconditionally and
irrevocably guarantees the punctual payment when due, whether at scheduled
maturity or on any date of a required prepayment or by acceleration, demand or
otherwise, of all obligations of each other Loan Party now or hereafter existing
under or in respect of this Agreement and the Notes (including, without
limitation, any extensions, modifications, substitutions, amendments or renewals
of any or all of the foregoing obligations), whether direct or indirect,
absolute or contingent, and whether for principal, interest, premiums, fees,
indemnities, contract causes of action, costs, expenses or otherwise (such
obligations being the “Guaranteed Obligations”), and agrees to
pay any and all expenses (including, without limitation, fees and expenses of
outside counsel and the allocated costs and expenses of in-house counsel)
incurred by the Agent or any Lender in enforcing any rights under this
Agreement. Without limiting the generality of the foregoing, the
Guarantor’s liability shall extend to all amounts that constitute part of
the Guaranteed Obligations and would be owed by any other Loan Party to the
Agent or any Lender under or in respect of this Agreement and the Notes but for
the fact that they are unenforceable or not allowable due to the existence of a
bankruptcy, reorganization or similar proceeding involving such other Loan
Party.

     SECTION 7.02.
Guaranty Absolute. The Guarantor guarantees that the Guaranteed
Obligations will be paid strictly in accordance with the terms of this Agreement
and the Notes, regardless of any law, regulation or order now or hereafter in
effect in any jurisdiction affecting any of such terms or the rights of the
Agent or any Lender with respect thereto. This Guaranty is an absolute and
unconditional guaranty of payment when due, and not of collection, by the
Guarantor of the Guaranteed Obligations. The obligations of the Guarantor under
or in respect of this Guaranty are independent of the Guaranteed Obligations or
any other obligations of any other Loan Party under or in respect of this
Agreement and the Notes, and a separate action or actions may be brought and
prosecuted against the Guarantor to enforce this Guaranty, irrespective of
whether any action is brought against any Borrower or whether any Borrower is
joined in any such action or actions. The liability of the Guarantor under this
Guaranty shall be irrevocable, absolute and unconditional irrespective of, and
the Guarantor hereby irrevocably waives any defenses it may now have or
hereafter acquire in any way relating to, any or all of the following:

       (a) any lack of validity or enforceability of any provision of this Agreement or any Note or any agreement or instrument relating thereto;

       (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed Obligations or any other obligations of any Borrower under or in respect of this Agreement or the Notes, or any other amendment or waiver of or any consent to departure from this Agreement or the Notes, including, without limitation, any increase in the Guaranteed Obligations resulting from the extension of additional credit to any Borrower or any of its Subsidiaries or otherwise;

       (c) any taking, exchange, release or non-perfection of any collateral, or any taking, release or amendment or waiver of, or consent to departure from, any other guaranty, for all or any of the Guaranteed Obligations;

       (d) any manner of application of collateral, or proceeds thereof, to all or any of the Guaranteed Obligations, or any manner of sale or other disposition of any collateral for all or any of the Guaranteed Obligations or any other obligations of any Loan Party under this Agreement or the Notes or any other assets of any Borrower or any of its Subsidiaries;

       (e) any change, restructuring or termination of the corporate structure or existence of any Borrower or any of its Subsidiaries;

       (f) any failure of the Agent or any Lender to disclose to the Guarantor any information relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of any Borrower now or hereafter known to the Agent or such Lender (the Guarantor waiving any duty on the part of the Agent and the Lenders to disclose such information);

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Omnicom: Three Year Credit Agreement

       (g) the failure of any other Person to execute or deliver any other guaranty or agreement or the release or reduction of liability of the Guarantor or other guarantor or surety with respect to the Guaranteed Obligations; or

       (h) any other circumstance (including, without limitation, any statute of limitations) or any existence of or reliance on any representation by the Agent or any Lender that might otherwise constitute a defense available to, or a discharge of, any Loan Party or any other guarantor or surety.

This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations is rescinded or must otherwise be returned by the Agent or any Lender or any other Person upon the insolvency, bankruptcy or reorganization of any Borrower or otherwise, all as though such payment had not been made.

     SECTION 7.03. Waivers and Acknowledgments. (a) The Guarantor hereby unconditionally and irrevocably waives promptness, diligence, notice of acceptance, presentment, demand for performance, notice of nonperformance, default, acceleration, protest or dishonor and any other notice with respect to any of the Guaranteed Obligations and this Guaranty and any requirement that the Agent or any Lender 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 or any collateral.

     (b) The Guarantor hereby unconditionally and irrevocably waives any right to revoke this Guaranty and acknowledges that this Guaranty is continuing in nature and applies to all Guaranteed Obligations, whether existing now or in the future.

     (c) The Guarantor hereby unconditionally and irrevocably waives (i) any defense arising by reason of any claim or defense based upon an election of remedies by the Agent or any Lender that in any manner impairs, reduces, releases or otherwise adversely affects the subrogation, reimbursement, exoneration, contribution or indemnification rights of the Guarantor or other rights of the Guarantor to proceed against any of the other Loan Parties, any other guarantor or any other Person or any collateral and (ii) any defense based on any right of set-off or counterclaim against or in respect of the obligations of the Guarantor hereunder.

     (d) The Guarantor hereby unconditionally and irrevocably waives any duty on the part of the Agent or any Lender to disclose to the Guarantor any matter, fact or thing relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of any other Loan Party or any of its Subsidiaries now or hereafter known by the Agent or such Lender.

     (e) The Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing arrangements contemplated by this Agreement and that the waivers set forth in Section 7.02 and this Section 7.03 are knowingly made in contemplation of such benefits.

     SECTION 7.04.
Subrogation. The Guarantor hereby unconditionally and irrevocably agrees
not to exercise any rights that it may now have or hereafter acquire against any
Borrower or any other insider guarantor that arise from the existence, payment,
performance or enforcement of the Guarantor’s obligations under or in
respect of this Guaranty, including, without limitation, any right of
subrogation, reimbursement, exoneration, contribution or indemnification and any
right to participate in any claim or remedy of the Agent or any Lender against
any Borrower or any other insider guarantor or any collateral, whether or not
such claim, remedy or right arises in equity or under contract, statute or
common law, including, without limitation, the right to take or receive from any
Borrower or any other insider guarantor, directly or indirectly, in cash or
other property or by set-off or in any other manner, payment or security on
account of such claim, remedy or right, unless and until all of the Guaranteed
Obligations and all other amounts payable under this Guaranty shall have been
paid in full in cash and the Commitments shall have expired or been terminated.
If any amount shall be paid to the Guarantor in violation of the immediately
preceding sentence at any time prior to the later of the payment in full in cash
of the Guaranteed Obligations and all other amounts payable under this Guaranty
and the Termination Date, such amount shall be received and held in trust for
the benefit of Agent and the Lenders, shall be segregated from other property
and funds of the Guarantor and shall forthwith be paid or delivered to the Agent
in the same form as so received (with

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Omnicom: Three Year Credit Agreement

any necessary endorsement or assignment) to be
credited and applied to the Guaranteed Obligations and all other amounts payable
under this Guaranty, whether matured or unmatured, in accordance with the terms
of this Agreement, or to be held as collateral for any Guaranteed Obligations or
other amounts payable under this Guaranty thereafter arising. If (i) the
Guarantor shall make payment to the Agent or any Lender of all or any part of
the Guaranteed Obligations, (ii) all of the Guaranteed Obligations and all other
amounts payable under this Guaranty shall have been paid in full in cash and
(iii) the Termination Date shall have occurred, the Agent and the Lenders will,
at the Guarantor’s request and expense, execute and deliver to the
Guarantor appropriate documents, without recourse and without representation or
warranty, necessary to evidence the transfer by subrogation to the Guarantor of
an interest in the Guaranteed Obligations resulting from such payment made by
the Guarantor pursuant to this Guaranty.

       SECTION 7.05. Subordination. The Guarantor hereby subordinates any and all debts, liabilities and other obligations owed to the Guarantor by each other Loan Party (the “Subordinated Obligations”) to the Guaranteed Obligations to the extent and in the manner hereinafter set forth in this Section 7.05:

       (a) Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law relating to any other Loan Party, the Guarantor agrees that the Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before the Guarantor receives payment of any Subordinated Obligations.

       (b) Turn-Over. After the occurrence and during the continuance of any Event of Default under Section 6.01(e), the Guarantor shall, if the Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Agent and the Lenders and deliver such payments to the Agent on account of the Guaranteed Obligations (including all Post Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of the Guarantor under the other provisions of this Guaranty.

       (c) Agent Authorization. After the occurrence and during the continuance of any Event of Default under Section 6.01(e), the Agent is authorized and empowered (but without any obligation to so do), in its discretion, (i) in the name of the Guarantor, to collect and enforce, and to submit claims in respect of, Subordinated Obligations and to apply any amounts received thereon to the Guaranteed Obligations (including any and all Post Petition Interest), and (ii) to require the Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations and (B) to pay any amounts received on such obligations to the Agent for application to the Guaranteed Obligations (including any and all Post Petition Interest).

     SECTION 7.06. Continuing
  Guaranty; Assignments. This Guaranty is a continuing guaranty and shall
  (a) remain in full force and effect until the later of the payment in full in
  cash of the Guaranteed Obligations and all other amounts payable under this
  Guaranty and the Termination Date, (b) be binding upon the Guarantor, its successors
  and assigns and (c) inure to the benefit of and be enforceable by the Agent
  and the Lenders and their successors, transferees and assigns. Without limiting
  the generality of clause (c) of the immediately preceding sentence, any Lender
  may assign or otherwise transfer all or any portion of its rights and obligations
  under this Agreement (including, without limitation, all or any portion of its
  Commitments, the Advances owing to it and the Note or Notes held by it) to any
  other Person, and such other Person shall thereupon become vested with all the
  benefits in respect thereof granted to such Lender herein or otherwise, in each
  case as and to the extent provided in Section 9.07. The Guarantor shall not
  have the right to assign its rights hereunder or any interest herein without
  the prior written consent of each of the Lenders.

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Omnicom: Three Year Credit Agreement

ARTICLE VIII

THE AGENT

     SECTION 8.01. Authorization and Authority. Each Lender hereby irrevocably appoints Citibank to act on its behalf as the Agent hereunder and authorizes the Agent to take such actions on its behalf and to exercise such powers as are delegated to the Agent by the terms hereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article VIII are solely for the benefit of the Agent and the Lenders, and neither the Guarantor nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions.

     SECTION 8.02. Agent Individually. (a) The Person serving as the Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Guarantor or any Subsidiary or other Affiliate thereof as if such Person were not the Agent hereunder and without any duty to account therefor to the Lenders.

     (b) Each Lender
understands that the Person serving as Agent, acting in its individual capacity,
and its Affiliates (collectively, the “Agent’s Group”) are
engaged in a wide range of financial services and businesses (including
investment management, financing, securities trading, corporate and investment
banking and research) (such services and businesses are collectively referred to
in this Section 8.02 as “Activities”) and may engage in the
Activities with or on behalf of one or more of the Loan Parties or their
respective Affiliates. Furthermore, the Agent’s Group may, in undertaking
the Activities, engage in trading in financial products or undertake other
investment businesses for its own account or on behalf of others (including the
Loan Parties and their Affiliates and including holding, for its own account or
on behalf of others, equity, debt and similar positions in the Guarantor or
another Loan Party or their respective Affiliates), including trading in or
holding long, short or derivative positions in securities, loans or other
financial products of one or more of the Loan Parties or their Affiliates. Each
Lender understands and agrees that in engaging in the Activities, the
Agent’s Group may receive or otherwise obtain information concerning the
Loan Parties or their Affiliates (including information concerning the ability
of the Loan Parties to perform their respective obligations hereunder) which
information may not be available to any of the Lenders that are not members of
the Agent’s Group. None of the Agent nor any member of the Agent’s
Group shall have any duty to disclose to any Lender or use on behalf of the
Lenders, and shall not be liable for the failure to so disclose or use, any
information whatsoever about or derived from the Activities or otherwise
(including any information concerning the business, prospects, operations,
property, financial and other condition or creditworthiness of any Loan Party or
any Affiliate thereof) or to account for any revenue or profits obtained in
connection with the Activities, except that the Agent shall deliver or otherwise
make available to each Lender such documents as are expressly required by this
Agreement to be transmitted by the Agent to the Lenders.

     (c) Each Lender
further understands that there may be situations where members of the
Agent’s Group or their respective customers (including the Loan Parties and
their Affiliates) either now have or may in the future have interests or take
actions that may conflict with the interests of any one or more of the Lenders
(including the interests of the Lenders hereunder). Each Lender agrees that no
member of the Agent’s Group is or shall be required to restrict its
Activities as a result of the Person serving as Agent being a member of the
Agent’s Group, and that each member of the Agent’s Group may undertake
any Activities without further consultation with or notification to any Lender.
None of (i) this Agreement, (ii) the receipt by the Agent’s Group of
information (including Confidential Information) concerning the Loan Parties or
their Affiliates (including information concerning the ability of the Loan
Parties to perform their respective obligations hereunder) nor (iii) any other
matter shall give rise to any fiduciary, equitable or contractual duties
(including without limitation any duty of trust or confidence) owing by the
Agent or any member of the Agent’s Group to any Lender including any such
duty that would prevent or restrict the Agent’s Group from acting on behalf
of customers (including the Loan Parties or their Affiliates) or for its own
account.

     SECTION 8.03. Duties of Agent; Exculpatory Provisions. (a) The Agent’s duties hereunder are solely ministerial and administrative in nature and the Agent shall not have any duties or obligations except those expressly set forth herein. Without limiting the generality of the foregoing, the Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, but shall be required to act or refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written direction of the Required

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Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein), provided that the Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Agent or any of its Affiliates to liability or that is contrary to this Agreement or applicable law.

     (b) The Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 9.01 or 6.01) or (ii) in the absence of its own gross negligence or willful misconduct. The Agent shall be deemed not to have knowledge of any Default or the event or events that give or may give rise to any Default unless and until the Guarantor or any Lender shall have given notice to the Agent describing such Default and such event or events.

     (c) Neither the
Agent nor any member of the Agent’s Group shall be responsible for or have
any duty to ascertain or inquire into (i) any statement, warranty,
representation or other information made or supplied in or in connection with
this Agreement or the Information Memorandum, (ii) the contents of any
certificate, report or other document delivered hereunder or thereunder or in
connection herewith or therewith or the adequacy, accuracy and/or completeness
of the information contained therein, (iii) the performance or observance of any
of the covenants, agreements or other terms or conditions set forth herein or
therein or the occurrence of any Default, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement or any other agreement,
instrument or document or the perfection or priority of any Lien or security
interest created or purported to be created hereby or (v) the satisfaction of
any condition set forth in Article III or elsewhere herein, other than (but
subject to the foregoing clause (ii)) to confirm receipt of items expressly
required to be delivered to the Agent.

     (d) Nothing in this Agreement shall require the Agent or any of its Related Parties to carry out any “know your customer” or other checks in relation to any person on behalf of any Lender and each Lender confirms to the Agent that it is solely responsible for any such checks it is required to carry out and that it may not rely on any statement in relation to such checks made by the Agent or any of its Related Parties.

     SECTION 8.04.
Reliance by Agent. The Agent shall be entitled to rely upon, and shall
not incur any liability for relying upon, any notice, request, certificate,
consent, statement, instrument, document or other writing (including any
electronic message, Internet or intranet website posting or other distribution)
believed by it to be genuine and to have been signed, sent or otherwise
authenticated by the proper Person. The Agent also may rely upon any statement
made to it orally or by telephone and believed by it to have been made by the
proper Person, and shall not incur any liability for relying thereon. In
determining compliance with any condition hereunder to the making of an Advance,
or the issuance of a Letter of Credit, that by its terms must be fulfilled to
the satisfaction of a Lender, the Agent may presume that such condition is
satisfactory to such Lender unless an officer of the Agent responsible for the
transactions contemplated hereby shall have received notice to the contrary from
such Lender prior to the making of such Advance or the issuance of such Letter
of Credit, and in the case of a Borrowing, such Lender shall not have made
available to the Agent such Lender’s ratable portion of such Borrowing. The
Agent may consult with legal counsel (who may be counsel for the Guarantor or
any other Loan Party), independent accountants and other experts selected by it,
and shall not be liable for any action taken or not taken by it in accordance
with the advice of any such counsel, accountants or experts.

     SECTION 8.05. Delegation of Duties. The Agent may perform any and all of its duties and exercise its rights and powers hereunder by or through any one or more sub-agents appointed by the Agent. The Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. Each such sub-agent and the Related Parties of the Agent and each such sub-agent shall be entitled to the benefits of all provisions of this Article VIII and Section 9.04 (as though such sub-agents were the “Agent” hereunder) as if set forth in full herein with respect thereto.

     SECTION 8.06. Resignation of Agent. (a) The Agent may at any time give notice of its resignation to the Lenders and the Guarantor. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Guarantor, to appoint a successor Agent, which shall be a bank with an office in New York, New York, or an Affiliate of any bank with an office in New York, New York. If no such successor Agent shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation (such 30-day period, the “Lender Appointment Period”), then the retiring Agent may on behalf of the Lenders, appoint a successor Agent meeting the qualifications

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set forth above. In addition and without any
obligation on the part of the retiring Agent to appoint, on behalf of the
Lenders, a successor Agent, the retiring Agent may at any time upon or after the
end of the Lender Appointment Period notify the Guarantor and the Lenders that
no qualifying Person has accepted appointment as successor Agent and the
effective date of such retiring Agent’s resignation. Upon the resignation
effective date established in such notice and regardless of whether a successor
Agent has been appointed and accepted such appointment, the retiring
Agent’s resignation shall nonetheless become effective and (i) the retiring
Agent shall be discharged from its duties and obligations as Agent hereunder and
(ii) all payments, communications and determinations provided to be made by, to
or through the Agent shall instead be made by or to each Lender directly, until
such time as the Required Lenders appoint a successor Agent as provided for
above in this Section 8.06(a). Upon the acceptance of a successor Agent’s
appointment as Agent hereunder, such successor Agent shall succeed to and become
vested with all of the rights, powers, privileges and duties as Agent of the
retiring (or retired) Agent, and the retiring Agent shall be discharged from all
of its duties and obligations as Agent hereunder (if not already discharged
therefrom as provided above in this Section 8.06(a)). The fees payable by the
Borrower to a successor Agent shall be the same as those payable to its
predecessor unless otherwise agreed between the Borrower and such successor
Agent. After the retiring Agent’s resignation hereunder, the provisions of
this Article VIII and Section 9.04 shall continue in effect for the benefit of
such retiring Agent, its sub-agents and their respective Related Parties in
respect of any actions taken or omitted to be taken by any of them while the
retiring Agent was acting as Agent.

     (b) Any resignation
pursuant to this Section by a Person acting as Agent shall, unless such Person
shall notify the Borrower and the Lenders otherwise, also act to relieve such
Person and its Affiliates of any obligation to issue new, or extend existing,
Letters of Credit where such issuance or extension is to occur on or after the
effective date of such resignation. Upon the acceptance of a successor
Agent’s appointment as Agent hereunder, (i) such successor Agent shall
succeed to and become vested with all of the rights, powers, privileges and
duties of the retiring Issuing Bank, (ii) the retiring Issuing Bank shall be
discharged from all of its duties and obligations hereunder, and (iii) the
successor Issuing Bank shall issue letters of credit in substitution for the
Letters of Credit, if any, outstanding at the time of such succession or make
other arrangement satisfactory to the retiring Issuing Bank to effectively
assume the obligations of the retiring Issuing Bank with respect to such Letters
of Credit.

     SECTION 8.07. Non-Reliance on Agent and Other Lenders. (a) Each Lender confirms to the Agent, each other Lender and each of their respective Related Parties that it (i) possesses (individually or through its Related Parties) such knowledge and experience in financial and business matters that it is capable, without reliance on the Agent, any other Lender or any of their respective Related Parties, of evaluating the merits and risks (including tax, legal, regulatory, credit, accounting and other financial matters) of (x) entering into this Agreement, (y) making Advances and other extensions of credit hereunder and (z) in taking or not taking actions hereunder, (ii) is financially able to bear such risks and (iii) has determined that entering into this Agreement and making Advances and other extensions of credit hereunder is suitable and appropriate for it.

     (b) Each Lender
acknowledges that (i) it is solely responsible for making its own independent
appraisal and investigation of all risks arising under or in connection with
this Agreement, (ii) that it has, independently and without reliance upon the
Agent, any other Lender or any of their respective Related Parties, made its own
appraisal and investigation of all risks associated with, and its own credit
analysis and decision to enter into, this Agreement based on such documents and
information as it has deemed appropriate and (iii) it will, independently and
without reliance upon the Agent, any other Lender or any of their respective
Related Parties, continue to be solely responsible for making its own appraisal
and investigation of all risks arising under or in connection with, and its own
credit analysis and decision to take or not take action under, this Agreement
based on such documents and information as it shall from time to time deem
appropriate, which may include, in each case:

       (i) the financial condition, status and capitalization of the Guarantor and each other Loan Party;

       (ii) the legality, validity, effectiveness, adequacy or enforceability of this Agreement and other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with this Agreement;

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       (iii) determining compliance or non-compliance with any condition hereunder to the making of an Advance, or the issuance of a Letter of Credit and the form and substance of all evidence delivered in connection with establishing the satisfaction of each such condition; and

       (iv) the adequacy, accuracy and/or completeness of the Information Memorandum and any other information delivered by the Agent, any other Lender or by any of their respective Related Parties under or in connection with this Agreement, the transactions contemplated hereby and thereby or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with this Agreement.

     SECTION 8.08. No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Persons acting as Bookrunners, Arrangers, syndication agent or documentation agent listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement, except in its capacity, as applicable, as the Agent or as a Lender hereunder.

ARTICLE IX

MISCELLANEOUS

     SECTION 9.01.
Amendments, Etc. No amendment or waiver of any provision of this
Agreement or the Notes, nor consent to any departure by any Loan Party
therefrom, shall in any event be effective unless the same shall be in writing
and signed by the Required Lenders and (except for waivers or consents by any
Lender) each of the Loan Parties, and then such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which
given; provided, however, that no amendment, waiver or consent
shall, unless in writing and signed by all the Lenders, do any of the following:
(a) waive any of the conditions specified in Section 3.01, (b) other than as
provided in Section 2.18, increase the Commitments of the Lenders, (c) reduce
the principal of, or rate of interest on, the Advances or any fees or other
amounts payable hereunder, (d) postpone any date fixed for any payment of
principal of, or interest on, the Advances or any fees or other amounts payable
hereunder, (e) change the percentage of the Revolving Credit Commitments or of
the aggregate unpaid principal amount of the Advances, or the number of Lenders,
that shall be required for the Lenders or any of them to take any action
hereunder, (f) amend the definition of “Committed Currencies” to add
any additional currency, (g) reduce or limit the obligations of the Guarantor
under Section 7.01 or release the Guarantor or otherwise limit the
Guarantor’s liability with respect to the obligations owing to the Agent
and the Lenders under Article VII or (h) amend this Section 9.01; and
provided further that (x) no amendment, waiver or consent shall, unless
in writing and signed by the Agent in addition to the Lenders required above to
take such action, affect the rights or duties of the Agent under this Agreement
or any Note and (y) no amendment, waiver or consent shall, unless in writing and
signed by the Issuing Banks in addition to the Lenders required above to take
such action, adversely affect the rights or obligations of the Issuing Banks in
their capacities as such under this Agreement.

     SECTION 9.02.
Notices, Etc. (a) All notices and other communications provided for
hereunder shall be either (x) in writing (including telecopier or telegraphic
communication) and mailed, telecopied, telegraphed or delivered or (y) as and to
the extent set forth in Section 9.02(b) and (c), if to Loan Parties, at the
address of the Guarantor at One East Weaver Street, Greenwich, Connecticut
06831, Attention: Eric Huttner; if to any Initial Lender, at its Domestic
Lending Office specified opposite its name on Schedule I hereto; if to any other
Lender, at its Domestic Lending Office specified in the Assumption Agreement or
the Assignment and Acceptance pursuant to which it became a Lender; and if to
the Agent, at its address at 1615 Brett Road, Building #3, New Castle, Delaware
19720, Attention: Bank Loan Syndications Department; or, as to any Loan Party or
the Agent, at such other address as shall be designated by such party in a
written notice to the other parties and, as to each other party, at such other
address as shall be designated by such party in a written notice to the
Borrowers and the Agent, provided that materials required to be delivered
pursuant to Sections 5.01(i)(i), (ii), (iv) and (v) shall be delivered to the
Agent as specified in Section 9.02(b). All such notices and communications
shall, when mailed, telecopied or telegraphed, be effective when deposited in
the mails, telecopied or delivered to the telegraph company, respectively,
except that notices and communications to the Agent pursuant to Article II, III
or VIII shall not be effective until received by the Agent. Delivery by
telecopier of an executed counterpart of any amendment or waiver of any
provision of this Agreement or the Notes or of any Exhibit hereto to be executed
and delivered hereunder shall be effective as delivery of a manually executed
counterpart thereof.

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Omnicom: Three Year Credit Agreement

     (b) So long as
Citibank or any of its Affiliates is the Agent, materials required to be
delivered pursuant to Sections 5.01(i)(i), (ii), (iv) and (v) may be delivered
to the Agent in an electronic medium in a format acceptable to the Agent and the
Lenders by e-mail at oploanswebadmin@citigroup.com. The Guarantor agrees that
the Agent may make such materials, as well as any other written information,
documents, instruments and other material relating to the Guarantor, any of its
Subsidiaries or any other materials or matters relating to this Agreement, the
Notes or any of the transactions contemplated hereby, but not including any
notices under Article II (collectively, the “Communications”)
available to the Lenders by posting such notices on Intralinks or a
substantially similar electronic system (the “Platform”). The
Guarantor acknowledges that (i) the distribution of material through an
electronic medium is not necessarily secure and that there are confidentiality
and other risks associated with such distribution, (ii) the Platform is provided
“as is” and “as available” and (iii) neither the Agent nor
any of its Affiliates warrants the accuracy, adequacy or completeness of the
Communications or the Platform and each expressly disclaims liability for errors
or omissions in the Communications or the Platform. No warranty of any kind,
express, implied or statutory, including, without limitation, any warranty of
merchantability, fitness for a particular purpose, non-infringement of third
party rights or freedom from viruses or other code defects, is made by the Agent
or any of its Affiliates in connection with the Platform.

     (c) Each Lender agrees that notice to it (as provided in the next sentence) (a “Notice”) specifying that any Communications have been posted to the Platform shall constitute effective delivery of such information, documents or other materials to such Lender for purposes of this Agreement; provided that if requested by any Lender the Agent shall deliver a copy of the Communications to such Lender by email or telecopier. Each Lender agrees (i) to notify the Agent in writing of such Lender’s e-mail address to which a Notice may be sent by electronic transmission (including by electronic communication) on or before the date such Lender becomes a party to this Agreement (and from time to time thereafter to ensure that the Agent has on record an effective e-mail address for such Lender) and (ii) that any Notice may be sent to such e-mail address.

     SECTION 9.03. No Waiver; Remedies. No failure on the part of any Lender or the Agent to exercise, and no delay in exercising, any right hereunder or under any Note shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law.

     SECTION 9.04.
Costs and Expenses. (a) The Borrowers agree to pay on demand all costs
and expenses of the Agent in connection with the preparation, execution,
delivery, administration, modification and amendment of this Agreement, the
Notes and the other documents to be delivered hereunder, including, without
limitation, (A) all due diligence, syndication (including printing, distribution
and bank meetings), transportation, computer, duplication, appraisal,
consultant, and audit expenses and (B) the reasonable fees and expenses of
counsel for the Agent with respect thereto and with respect to advising the
Agent as to its rights and responsibilities under this Agreement. The Borrowers
further agree to pay on demand all costs and expenses of the Agent and the
Lenders, if any (including, without limitation, reasonable fees and expenses of
outside counsel and the allocated costs and expenses of in-house counsel), in
connection with the enforcement (whether through negotiations, legal proceedings
or otherwise) of this Agreement, the Notes and the other documents to be
delivered hereunder, including, without limitation, reasonable fees and expenses
of counsel for the Agent and each Lender in connection with the enforcement of
rights under this Section 9.04(a).

     (b) The Borrowers
agree to indemnify and hold harmless the Agent and each Lender and each of their
Affiliates and their officers, directors, employees, agents and advisors (each,
an “Indemnified Party”) from and against any and all claims,
damages, losses, liabilities and expenses (including, without limitation,
reasonable fees and expenses of counsel) incurred by or asserted or awarded
against any Indemnified Party, in each case arising out of or in connection with
or by reason of (including, without limitation, in connection with any
investigation, litigation or proceeding or preparation of a defense in
connection therewith) (i) the Notes, this Agreement, any of the transactions
contemplated herein or the actual or proposed use of the proceeds of the
Advances or (ii) the actual or alleged presence of hazardous materials on any
property of the Guarantor or any of its Subsidiaries or any Environmental Action
relating in any way to the Guarantor or any of its Subsidiaries, except to the
extent such claim, damage, loss, liability or expense is found in a final,
non-appealable judgment by a court of competent jurisdiction to have resulted
from such Indemnified Party’s gross negligence or willful misconduct. In
the case of an investigation, litigation or other proceeding to which the
indemnity in this Section 9.04(b) applies, such indemnity shall be effective
whether or not such investigation, litigation or proceeding is brought by any
Loan

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Omnicom: Three Year Credit Agreement

Party, its directors, equityholders or creditors or an Indemnified Party or any other Person, whether or not any Indemnified Party is otherwise a party thereto and whether or not the transactions contemplated hereby are consummated. The Loan Parties also agree not to assert any claim for special, indirect, consequential or punitive damages against the Agent, any Lender, any of their Affiliates, or any of their respective directors, officers, employees, attorneys and agents, on any theory of liability, arising out of or otherwise relating to the Notes, this Agreement, any of the transactions contemplated herein or the actual or proposed use of the proceeds of the Advances.

     (c) If any payment
of principal of, or Conversion of, any Eurocurrency Rate Advance is made by any
Borrower to or for the account of a Lender (i) other than on the last day of the
Interest Period for such Advance, as a result of a payment or Conversion
pursuant to Section 2.08, 2.10 or 2.12, acceleration of the maturity of the
Notes pursuant to Section 6.01 or for any other reason, or by an Eligible
Assignee to a Lender other than on the last day of the Interest Period for such
Advance upon an assignment of rights and obligations under this Agreement
pursuant to Section 9.07 as a result of a demand by the Guarantor pursuant to
Section 9.07(a) or (ii) as a result of a payment or Conversion pursuant to
Section 2.08, 2.10 or 2.12, the Borrower of such Advance shall, upon demand by
such Lender (with a copy of such demand to the Agent), pay to the Agent for the
account of such Lender any amounts required to compensate such Lender for any
additional losses, costs or expenses that it may reasonably incur as a result of
such payment or Conversion, including, without limitation, any loss (including
loss of anticipated profits), cost or expense incurred by reason of the
liquidation or reemployment of deposits or other funds acquired by any Lender to
fund or maintain such Advance. If the amount of the Committed Currency purchased
by any Lender in the case of a Conversion or exchange of Advances in the case of
Section 2.08 or 2.12 exceeds the sum required to satisfy such Lender’s
liability in respect of such Advances, such Lender agrees to remit to the
applicable Borrower such excess.

     (d) Without prejudice to the survival of any other agreement of the Borrowers hereunder, the agreements and obligations of the Borrowers contained in Sections 2.11, 2.14 and 9.04 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under the Notes.

     (e)
Reimbursement by Lenders. Each Lender severally agrees to indemnify the
Agent and each Issuing Bank (in each case, to the extent not promptly reimbursed
by the Borrowers or the Guarantor) from and against such Lender’s ratable
share of any and all losses, claims, damages, liabilities, obligations,
penalties, actions, judgments, suits, costs, disbursements and expenses, joint
or several, of any kind or nature (including the fees, charges and disbursements
of any advisor or counsel for such Person that may be imposed on, incurred by,
or asserted against the Agent or any Issuing Bank, as the case may be, in their
capacities as such, in any way relating to or arising out of this Agreement or
any action taken or omitted by the Agent or any Issuing Bank hereunder;
provided, however, that no Lender shall be liable for any portion
of such losses, claims, damages, liabilities, obligations, penalties, actions,
judgments, suits, costs, disbursements or expenses resulting from the
Agent’s or such Issuing Bank’s gross negligence or willful misconduct
as found in a final, non-appealable judgment by a court of competent
jurisdiction. Without limitation of the foregoing, each Lender agrees to
reimburse the Agent and each Issuing Bank for its ratable share of any costs and
expenses (including, without limitation, fees and expenses of counsel) payable
by the Borrower under Section 9.04(a), to the extent that the Agent or such
Issuing Bank is not promptly reimbursed for such costs and expenses by the
Borrowers or the Guarantor.

     SECTION 9.05.
Right of Set-off. Upon either (a) the occurrence and during the
continuance of any Event of Default under Section 6.01(a) or 6.01(e) or (b) (i)
the occurrence and during the continuance of any other Event of Default and (ii)
the making of the request or the granting of the consent specified by Section
6.01 to authorize the Agent to declare the Advances due and payable pursuant to
the provisions of Section 6.01, each Lender and each of its Affiliates is hereby
authorized at any time and from time to time, to the fullest extent permitted by
law, to set off and apply any and all deposits (general or special, time or
demand, provisional or final) at any time held and other indebtedness at any
time owing by such Lender or such Affiliate to or for the credit or the account
of any Loan Party against any and all of the obligations of such Loan Party now
or hereafter existing under this Agreement and any Advance held by such Lender,
whether or not such Lender shall have made any demand under this Agreement or
such Advance and although such obligations may be unmatured. Each Lender agrees
promptly to notify the applicable Loan Party after any such set-off and
application, provided that the failure to give such notice shall not
affect the validity of such set-off and application. The rights of each Lender
and its Affiliates

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Omnicom: Three Year Credit Agreement

under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) that such Lender and its Affiliates may have.

     SECTION 9.06. Binding Effect. This Agreement shall become effective (other than Section 2.01, which shall only become effective upon satisfaction of the conditions precedent set forth in Section 3.01) when it shall have been executed by each Loan Party and the Agent and when the Agent shall have been notified by each Initial Lender that such Initial Lender has executed it and thereafter shall be binding upon and inure to the benefit of the Loan Parties, the Agent and each Lender and their respective successors and assigns and each Indemnified Party, except that no Loan Party shall have the right to assign its rights hereunder or any interest herein without the prior written consent of each of the Lenders.

     SECTION 9.07.
Assignments and Participations. (a) Each Lender may and, if demanded by
the Guarantor, either following a demand by such Lender pursuant to Section 2.11
or 2.14 or at any time such Lender is a Defaulting Lender, upon at least five
Business Days’ notice to such Lender and the Agent, will assign to one or
more Persons all or a portion of its rights and obligations under this Agreement
(including, without limitation, all or a portion of its Revolving Credit
Commitment, its Unissued Letter of Credit Commitment, the Advances owing to it,
its participations in Letters of Credit and the Note or Notes held by it);
provided, however, that (i) each such assignment shall be of a
constant, and not a varying, percentage of all rights and obligations under this
Agreement, (ii) except in the case of an assignment to a Person that,
immediately prior to such assignment, was a Lender or an assignment of all of a
Lender’s rights and obligations under this Agreement, the amount of the
Revolving Credit Commitment or Unissued Letter of Credit Commitment of the
assigning Lender being assigned pursuant to each such assignment (determined as
of the date of the Assignment and Acceptance with respect to such assignment)
shall in no event be less than $10,000,000 or an integral multiple of $1,000,000
in excess thereof unless the Guarantor and the Agent otherwise agree, (iii) each
such assignment shall be to an Eligible Assignee, (iv) each such assignment made
as a result of a demand by the Guarantor pursuant to this Section 9.07(a) shall
be arranged by the Guarantor after consultation with the Agent and shall be
either an assignment of all of the rights and obligations of the assigning
Lender under this Agreement or an assignment of a portion of such rights and
obligations made concurrently with another such assignment or other such
assignments that together cover all of the rights and obligations of the
assigning Lender under this Agreement, (v) no Lender shall be obligated to make
any such assignment as a result of a demand by the Guarantor pursuant to this
Section 9.07(a) unless and until such Lender shall have received one or more
payments from either the Borrowers or one or more Eligible Assignees in an
aggregate amount at least equal to the aggregate outstanding principal amount of
the Advances owing to such Lender, together with accrued interest thereon to the
date of payment of such principal amount and all other amounts payable to such
Lender under this Agreement and (vi) the parties to each such assignment shall
execute and deliver to the Agent, for its acceptance and recording in the
Register, an Assignment and Acceptance, together with any Note subject to such
assignment and a processing and recordation fee of $3,500, payable by the
parties to each such assignment, provided, however, that in the
case of each assignment made as a result of a demand by the Guarantor, such
recordation fee shall be payable by the Guarantor except that no such
recordation fee shall be payable in the case of an assignment made at the
request of the Guarantor to an Eligible Assignee that is an existing Lender.
Upon such execution, delivery, acceptance and recording, from and after the
effective date specified in each Assignment and Acceptance, (x) the assignee
thereunder shall be a party hereto and, to the extent that rights and
obligations hereunder have been assigned to it pursuant to such Assignment and
Acceptance, have the rights and obligations of a Lender hereunder and (y) the
Lender assignor thereunder shall, to the extent that rights and obligations
hereunder have been assigned by it pursuant to such Assignment and Acceptance,
relinquish its rights (other than its rights under Sections 2.11, 2.14 and 9.04
to the extent any claim thereunder relates to an event arising prior such
assignment) and be released from its obligations (other than its obligations
under Section 9.04(d) to the extent any claim thereunder relates to an event
arising prior to such assignment) under this Agreement (and, in the case of an
Assignment and Acceptance covering all or the remaining portion of an assigning
Lender’s rights and obligations under this Agreement, such Lender shall
cease to be a party hereto).

     (b) By executing and delivering an Assignment and Acceptance, the Lender assignor thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of, or the perfection or priority of any lien or security interest created or purported to be created under or in

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Omnicom: Three Year Credit Agreement

connection with, this Agreement or any other
instrument or document furnished pursuant hereto; (ii) such assigning Lender
makes no representation or warranty and assumes no responsibility with respect
to the financial condition of any Loan Party or the performance or observance by
any Loan Party of any of its obligations under this Agreement or any other
instrument or document furnished pursuant hereto; (iii) such assignee confirms
that it has received a copy of this Agreement, together with copies of the
financial statements referred to in Section 4.01 and such other documents and
information as it has deemed appropriate to make its own credit analysis and
decision to enter into such Assignment and Acceptance; (iv) such assignee will,
independently and without reliance upon the Agent, such assigning Lender or any
other Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under this Agreement; (v) such assignee confirms that it is an
Eligible Assignee; (vi) such assignee appoints and authorizes the Agent to take
such action as agent on its behalf and to exercise such powers and discretion
under this Agreement as are delegated to the Agent by the terms hereof, together
with such powers and discretion as are reasonably incidental thereto; and (vii)
such assignee agrees that it will perform in accordance with their terms all of
the obligations that by the terms of this Agreement are required to be performed
by it as a Lender.

     (c) Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with any Note or Notes subject to such assignment, the Agent shall, if such Assignment and Acceptance has been completed and is in substantially the form of Exhibit C hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register and (iii) give prompt notice thereof to the Borrowers.

     (d) The Agent shall maintain at its address referred to in Section 9.02 a copy of each Assumption Agreement and each Assignment and Acceptance delivered to and accepted by it and, as an agent of the Borrower, a register for the recordation of the names and addresses of the Lenders and the Commitment of, and principal amount of the Advances owing to, each Lender from time to time (the “Register”). The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and each Loan Party, the Agent and the Lenders may treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by any Loan Party or any Lender at any reasonable time and from time to time upon reasonable prior notice.

     (e) Each Lender may
sell participations to one or more banks or other entities (other than the
Guarantor or any of its Affiliates) in or to all or a portion of its rights and
obligations under this Agreement (including, without limitation, all or a
portion of its Commitment, the Advances owing to it and any Note or Notes held
by it); provided, however, that (i) such Lender’s obligations
under this Agreement (including, without limitation, its Commitment to the
Borrowers hereunder) shall remain unchanged, (ii) such Lender shall remain
solely responsible to the other parties hereto for the performance of such
obligations, (iii) such Lender shall remain the holder of any such Note for all
purposes of this Agreement, (iv) the Borrowers, the Agent and the other Lenders
shall continue to deal solely and directly with such Lender in connection with
such Lender’s rights and obligations under this Agreement and (v) no
participant under any such participation shall have any right to approve any
amendment or waiver of any provision of this Agreement or any Note, or any
consent to any departure by any Loan Party therefrom, except to the extent that
such amendment, waiver or consent would reduce the principal of, or interest on,
the Advances or any fees or other amounts payable hereunder, in each case to the
extent subject to such participation, or postpone any date fixed for any payment
of principal of, or interest on, the Advances or any fees or other amounts
payable hereunder, in each case to the extent subject to such participation, or
reduce or limit the obligations of the Guarantor under Section 7.01 or release
the Guarantor from its obligations under Article VII.

     (f) Any Lender may, in connection with any assignment or participation or proposed assignment or participation pursuant to this Section 9.07, disclose to the assignee or participant or proposed assignee or participant, any information relating to the Guarantor furnished to such Lender by or on behalf of the Guarantor; provided that, prior to any such disclosure, the assignee or participant or proposed assignee or participant shall agree to preserve the confidentiality of any Confidential Information relating to the Guarantor received by it from such Lender.

     (g) Notwithstanding any other provision set forth in this Agreement, any Lender may at any time create a security interest in all or any portion of its rights under this Agreement to secure obligations of such

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Omnicom: Three Year Credit Agreement

Lender, including, without limitation, any pledge or assignment to secure obligations to a Central Bank or a Federal Reserve Bank in accordance with Regulation A of the Board of Governors of the Federal Reserve System.

     SECTION 9.08.
Confidentiality. (a) Each of the Agent, the Lenders and the Issuing Banks
agrees to maintain the confidentiality of the Confidential Information, except
that Confidential Information may be disclosed (a) to its Affiliates and to its
and its Affiliates’ respective managers, administrators, trustees,
partners, directors, officers, employees, agents, advisors and other
representatives (it being understood that the Persons to whom such disclosure is
made will be informed of the confidential nature of such Confidential
Information and instructed to keep such Confidential Information confidential),
(b) to the extent required by applicable laws or regulations, or requested by
any regulatory authority purporting to have jurisdiction over it (including any
self-regulatory authority, such as the National Association of Insurance
Commissioners), or by any subpoena or similar legal process, (c) to any other
party hereto, (d) in connection with the exercise of any remedies hereunder or
under any Note or any action or proceeding between or among the parties hereto
relating to this Agreement or any Note or the enforcement of rights hereunder or
thereunder, (f) subject to an agreement containing provisions substantially the
same as those of this Section 9.08(a), to (i) any assignee of or participant in,
or any prospective assignee of or participant in, any of its rights or
obligations under this Agreement, (ii) any actual or prospective party (or its
managers, administrators, trustees, partners, directors, officers, employees,
agents, advisors and other representatives) to any swap, derivative or other
transaction under which payments are to be made by reference to a Loan Party and
its obligations, this Agreement or payments hereunder, (iii) any rating agency,
or (iv) the CUSIP Service Bureau or any similar organization, (g) with the
consent of the Guarantor or (h) to the extent such Confidential Information (x)
becomes publicly available other than as a result of a breach of this Section or
(y) becomes available to the Agent, any Lender, any Issuing Bank or any of their
respective Affiliates on a nonconfidential basis from a source other than a Loan
Party.

     (b) Any Person required to maintain the confidentiality of Confidential Information as provided in Section 9.08(a) shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Confidential Information as such Person would accord to its own confidential information.

     SECTION 9.09. Governing Law. This Agreement and the Notes shall be governed by, and construed in accordance with, the laws of the State of New York.

     SECTION 9.10. Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by telecopier shall be effective as delivery of a manually executed counterpart of this Agreement.

     SECTION 9.11. Judgment. (a) If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder in Dollars into another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Agent could purchase Dollars with such other currency at Citibank’s principal office in London at 11:00 A.M. (London time) on the Business Day preceding that on which final judgment is given.

     (b) If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder in a Committed Currency into Dollars, the parties agree to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Agent could purchase such Committed Currency with Dollars at Citibank’s principal office in London at 11:00 A.M. (London time) on the Business Day preceding that on which final judgment is given.

     (c) The obligation of the Borrowers in respect of any sum due from it in any currency (the “Primary Currency”) to any Lender or the Agent hereunder shall, notwithstanding any judgment in any other currency, be discharged only to the extent that on the Business Day following receipt by such Lender or the Agent (as the case may be), of any sum adjudged to be so due in such other currency, such Lender or the Agent (as the case may be) may in accordance with normal banking procedures purchase the applicable Primary Currency with such other currency; if the amount of the applicable Primary Currency so purchased is less than such sum due to such

50

  Omnicom: Three Year Credit Agreement

Lender or the Agent (as the case may be) in the applicable Primary Currency, the Borrowers agree, as a separate obligation and notwithstanding any such judgment, to indemnify such Lender or the Agent (as the case may be) against such loss, and if the amount of the applicable Primary Currency so purchased exceeds such sum due to any Lender or the Agent (as the case may be) in the applicable Primary Currency, such Lender or the Agent (as the case may be) agrees to remit to the applicable Borrower such excess.

     SECTION 9.12.
Jurisdiction, Etc. (a) Each of the parties hereto hereby irrevocably and
unconditionally submits, for itself and its property, to the exclusive
jurisdiction of any New York State court or federal court of the United States
of America sitting in New York City, Borough of Manhattan, and any appellate
court from any thereof, in any action or proceeding arising out of or relating
to this Agreement or the Notes, 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 any such New York State court or, to the extent permitted by
law, in such federal court. The Loan Parties hereby agree that service of
process in any such action or proceeding brought in the any such New York State
court or in such federal court may be made upon the Guarantor at its offices at
One East Weaver Street, Greenwich, Connecticut 06831 Attention: General Counsel
and the Loan Parties hereby irrevocably appoint the Guarantor its authorized
agent to accept such service of process, and agrees that the failure of the
Guarantor to give any notice of any such service shall not impair or affect the
validity of such service or of any judgment rendered in any action or proceeding
based thereon. Each Loan Party hereby further irrevocably consents to the
service of process in any action or proceeding in such courts by the mailing
thereof by any parties hereto by registered or certified mail, postage prepaid,
to such Loan Party at its address specified pursuant to Section 9.02. 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 party may otherwise have to bring any action or
proceeding relating to this Agreement or the Notes in the courts of any
jurisdiction.

     (b) Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that 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 or the Notes in any New York State or federal court. 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.

     SECTION 9.13. Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definitions of Eurocurrency Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the Guarantor) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

     SECTION 9.14. No
Liability of the Issuing Banks The Borrowers assume all risks of the acts or
omissions of any beneficiary or transferee of any Letter of Credit with respect
to its use of such Letter of Credit. Neither an Issuing Bank nor any of its
officers or directors shall be liable or responsible for: (a) the use that may
be made of any Letter of Credit or any acts or omissions of any beneficiary or
transferee in connection therewith; (b) the validity, sufficiency or genuineness
of documents, or of any endorsement thereon, even if such documents should prove
to be in any or all respects invalid, insufficient, fraudulent or forged; (c)
payment by such Issuing Bank against presentation of documents that do not
comply with the terms of a Letter of Credit, including failure of any documents
to bear any reference or adequate reference to the Letter of Credit; or (d) any
other circumstances whatsoever in making or failing to make payment under any
Letter of Credit, except that the applicable Borrower shall have a claim against
such Issuing Bank, and such Issuing Bank shall be liable to such Borrower, to
the extent of any direct, but not consequential, damages suffered by such
Borrower that were caused by (i) such Issuing Bank’s willful misconduct or
gross negligence in determining whether documents presented under any Letter of
Credit comply with the terms of such Letter of Credit or (ii) such Issuing
Bank’s grossly negligent or willful failure to make lawful payment under a
Letter of Credit after the presentation to it of a draft and certificates
strictly complying with the terms and conditions of the Letter of Credit. In
furtherance and not in limitation of the foregoing, such Issuing Bank may accept
documents that appear on their face to be in order, without responsibility for
further investigation, regardless of any notice or information to the
contrary.

51

Omnicom: Three Year Credit Agreement

     SECTION 9.15. Patriot
  Act. Each Lender hereby notifies each Loan Party that pursuant to the requirements
  of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October
  26, 2001)) (the “Act”), it is required to obtain, verify and
  record information that identifies each Loan Party, which information includes
  the name and address of each Loan Party and other information that will allow
  such Lender to identify such Loan Party in accordance with the Act.

     SECTION 9.16. Waiver
  of Jury Trial. Each of the Loan Parties, the Agent and the Lenders hereby
  irrevocably waives all right to trial by jury in any action, proceeding or counterclaim
  (whether based on contract, tort or otherwise) arising out of or relating to
  this Agreement or the Notes or the actions of the Agent or any Lender in the
  negotiation, administration, performance or enforcement thereof.

52

Omnicom: Three Year Credit Agreement

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written. 

			
	 	OMNICOM FINANCE INC., as Borrower
	 
	 	By: 	/s/ Dennis E. Hewitt
	 	 	
      

    
	 	Name:	 Dennis E. Hewitt
	 	Title: 	Treasurer
	 
	 	OMNICOM CAPITAL INC., as Borrower
	 
	 	By: 	/s/ Dennis E. Hewitt
	 	 	
      

    
	 	Name:	 Dennis E. Hewitt
	 	Title: 	President & Chief Executive Officer
	 
	 	OMNICOM FINANCE PLC, as Borrower
	 
	 	By: 	/s/ Dennis E. Hewitt
	 	 	
      

    
	 	Name: 	Dennis E. Hewitt
	 	Title: 	Director
	 
	 	OMNICOM GROUP INC., as Guarantor
	 
	 	By: 	/s/ Dennis E. Hewitt
	 	 	
      

    
	 	Name: 	Dennis E. Hewitt
	 	Title: 	Treasurer
	 
	 	CITIBANK, N.A., as Agent
	 
	 	By: 	/s/ Maureen Maroney
	 	 	
      

    
	 	Name:	Maureen Maroney
	 	Title:	Vice President

Omnicom: Three Year Credit Agreement

Initial Issuing Banks

	
	Letter of Credit Commitment

			
	$100,000,000	CITIBANK, N.A.
	 
	 	By: 	/s/ Maureen Maroney
	 	 	
      

    
	 	Name:	Maureen Maroney
	 	Title:	Vice President
	 
	$100,000,000	Total of the Letter of Credit Commitments

Revolving Credit Commitment

Initial Lenders

Commitment

			
	$150,000,000	CITIBANK, N.A.
	 	 	 
	 	By:	 /s/ Maureen Maroney
	 	 	
      

    
	 	Name:	Maureen Maroney
	 	Title:	Vice President
	 
	$150,000,000	JPMORGAN CHASE BANK, N.A.
	 
	 	By: 	/s/ Peter Thauer
	 	 	
      

    
	 	Name:	Peter Thauer
	 	Title:	Executive Director
	 
	$150,000,000	BANK OF AMERICA, N.A.
	 
	 	By:	 /s/ Michael Makaitis
	 	 	
      

    
	 	Name:	Michael Makaitis
	 	Title:	Vice President
	 
	$125,000,000	HSBC BANK USA, NATIONAL ASSOCIATION
	 
	 	By: 	/s/ Thomas T. Rogers
	 	 	
      

    
	 	Name:	Thomas T. Rogers
	 	Title:	Senior Vice President
	 
	$125,000,000	WELLS FARGO BANK, NATIONAL ASSOCIATION
	 
	 	By: 	/s/ Jordan Fragiacomo
	 	 	
      

    
	 	Name:	Jordan Fragiacomo
	 	Title:	Director

Omnicom: Three Year Credit Agreement

			
	$90,000,000	BNP PARIBAS
	 
	 	By: 	/s/ Simone Vinocour
	 	 	
      

    
	 	Name:	Simone Vinocour
	 	Title:	Director
	 
	 	By: 	/s/ Melissa Balley
	 	 	
      

    
	 	Name:	Melissa Balley
	 	Title:	Vice President
	 
	$90,000,000	DEUTSCHE BANK AG NEW YORK BRANCH
	 
	 	By: 	/s/ Andreas Neumeier
	 	 	
      

    
	 	Name:	Andreas Neumeier
	 	Title:	Managing Director
	 
	 	By: 	/s/ Yvonne Tilden
	 	 	
      

    
	 	Name:	Yvonne Tilden
	 	Title:	Director
	 
	$90,000,000	SOCIETE GENERALE
	 
	 	By: 	/s/ Ambrish Thanawala
	 	 	
      

    
	 	Name:	Ambrish Thanawala
	 	Title:	Managing Director
	 
	$72,500,000	BANCO BILBAO VIZCAYA ARGENTARIA S.A.,
	 	NEW YORK BRANCH
	 
	 	By: 	/s/ Julio Quintana
	 	 	
      

    
	 	Name:	Julio Quintana
	 	Title:	Industry Head
	 
	 	By: 	/s/ Matias Cruces
	 	 	
      

    
	 	Name:	Matias Cruces
	 	Title:	Sr. Banker
	 
	$72,500,000	SUMITOMO MITSUI BANKING CORPORATION
	 
	 	By: 	/s/ William M. Ginn
	 	 	
      

    
	 	Name:	William M. Ginn
	 	Title:	Executive Officer
	 
	$72,500,000	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
	 
	 	By: 	/s/ George Stoecklein
	 	 	
      

    
	 	Name:	George Stoecklein
	 	Title:	Authorized Signatory
	 
	$72,500,000	U.S. BANK NATIONAL ASSOCIATION
	 
	 	By: 	/s/ Corey Davis
	 	 	
      

    
	 	Name:	Corey Davis
	 	Title:	Vice President

Omnicom: Three Year Credit Agreement

			
	$50,000,000	DANSKE BANK A/S
	 
	 	By:	 /s/ Martin Engholm
	 	 	
      

    
	 	Name:	Martin Engholm
	 	Title:	Vice President
	 
	$50,000,000	ING BANK N.V., DUBLIN BRANCH
	 
	 	By: 	/s/ Padraig Matthews
	 	 	
      

    
	 	Name:	Padraig Matthews
	 	Title:	Vice President
	 
	 	By: 	/s/ Aidan Neill
	 	 	
      

    
	 	Name:	Aidan Neill
	 	Title:	Director
	 
	$50,000,000	INTESA SANPAOLO S.P.A. NEW YORK BRANCH
	 
	 	By:	 /s/ Luca Sacchi
	 	 	
      

    
	 	Name:	Luca Sacchi
	 	Title:	Vice President
	 
	 	By:	/s/ Sergio Maggioni
	 	 	
      

    
	 	Name:	Sergio Maggioni
	 	Title:	FVP & Head of Business
	 
	$50,000,000	MIZUHO CORPORATE BANK, LTD.
	 
	 	By:	 /s/ Bertram H. Tang
	 	 	
      

    
	 	Name:	Bertram H. Tang
	 	Title:	Authorized Signatory
	 
	$50,000,000	PNC BANK, NATIONAL ASSOCIATION
	 
	 	By: 	/s/ Michael A. Richards
	 	 	
      

    
	 	Name:	Michael A. Richards
	 	Title:	Senior Vice President
	 
	$50,000,000	THE NORTHERN TRUST COMPANY
	 
	 	By: 	/s/ Tamara Dowd
	 	 	
      

    
	 	Name:	Tamara Dowd
	 	Title:	Vice President
	 
	$50,000,000	UNION BANK, N.A.
	 
	 	By: 	/s/ Michael Ball
	 	 	
      

    
	 	Name:	Michael Ball
	 	Title:	Vice President
	 
	$50,000,000	COMERICA BANK
	 
	 	By: 	/s/ Chris Rice
	 	 	
      

    
	 	Name:	Chris Rice
	 	Title:	Assistant Vice President

Omnicom: Three Year Credit Agreement

			
	$40,000,000	THE BANK OF NOVA SCOTIA
	 
	 	By: 	/s/ Todd Meller
	 	 	
      

    
	 	Name:	Todd Meller
	 	Title:	Managing Director
	 
	$35,000,000	UBS LOAN FINANCE LLC
	 
	 	By: 	/s/ Irja R. Otsa
	 	 	
      

    
	 	Name:	Irja R. Otsa
	 	Title:	Associate Director
	 
	 	By: 	/s/ April Varner-Nanton
	 	 	
      

    
	 	Name:	April Varner-Nanton
	 	Title:	Director
	 
	$25,000,000	AUSTRALIA AND NEW ZEALAND BANKING
	 	GROUP LIMITED
	 
	 	By:	 /s/ Robert Grillo
	 	 	
      

    
	 	Name:	Robert Grillo
	 	Title:	Director
	 
	$25,000,000	KEYBANK NATIONAL ASSOCIATION
	 
	 	By: 	/s/ Mary K. Young
	 	 	
      

    
	 	Name:	Mary K. Young
	 	Title:	Senior Vice President
	 
	$25,000,000	LLOYDS TSB BANK PLC
	 
	 	By: 	/s/ Abraham Asoll
	 	 	
      

    
	 	Name:	Abraham Asoll
	 	Title:	Associate Director
	 
	 	By: 	/s/ Robert V. Botschka
	 	 	
      

    
	 	Name:	Robert V. Botschka
	 	Title:	Senior Vice President
	 
	$25,000,000	NORDEA BANK FINLAND PLC, NEW YORK &
	 	CAYMAN ISLAND BRANCHES
	 
	 	By: 	/s/ Henrik M. Steffensen
	 	 	
      

    
	 	Name:	Henrik M. Steffensen
	 	Title:	Senior Vice President
	 
	 	By: 	/s/ Gerald E. Chelius
	 	 	
      

    
	 	Name:	Gerald E. Chelius
	 	Title:	SVP Credit

Omnicom: Three Year Credit Agreement

				
	$25,000,000	 	STANDARD CHARTERED BANK
	 
	 	 	By: 	/s/ James P. Hughes
	 	 	 	
      

    
	 	 	Name:	James P. Hughes
	 	 	Title:	Director
	 
	 	 	By: 	/s/ Robert K. Reddington
	 	 	 	
      

    
	 	 	Name:	Robert K. Reddington
	 	 	Title:	Credit Documentation Manager
	 
	$25,000,000	 	THE BANK OF CHINA, NEW YORK BRANCH
	 
	 	 	By:	 /s/ Richard Bradspies
	 	 	 	
      

    
	 	 	Name:	Richard Bradspies
	 	 	Title:	Deputy General Manager
	 
	$25,000,000	 	THE GOVERNOR & COMPANY OF THE BANK
	 	 	OF IRELAND
	 
	 	 	By: 	/s/ Darren Brennan
	 	 	 	
      

    
	 	 	Name:	Darren Brennan
	 	 	Title:	Authorized Signatory
	 
	 	 	By: 	/s/ K. Rockett
	 	 	 	
      

    
	 	 	Name:	K. Rockett
	 	 	Title:	Senior Manager
	 
	$25,000,000	 	THE HUNTINGTON NATIONAL BANK
	 
	 	 	By: 	/s/ Joe Tenney
	 	 	 	
      

    
	 	 	Name:	Joe Tenney
	 	 	Title:	Vice President
	 
	$25,000,000	 	UNICREDIT BANK AG, NEW YORK BRANCH
	 
	 	 	By:	 /s/ Kimberly Sousa
	 	 	 	
      

    
	 	 	Name:	Kimberly Sousa
	 	 	Title:	Director
	 
	 	 	By: 	/s/ Elaine Tung
	 	 	 	
      

    
	 	 	Name:	Elaine Tung
	 	 	Title:	Director
	 
	$25,000,000	 	WESTPAC BANKING CORPORATION
	 
	 	 	By:	 /s/ Henrik Jensen
	 	 	 	
      

    
	 	 	Name:	Henrik Jensen
	 	 	Title:	Director, Corporate & Institutional Banking
	 
	$15,000,000	 	CHANG HWA
	 
	 	 	By: 	/s/ Beverley Chen
	 	 	 	
      

    
	 	 	Name:	Beverley Chen
	 	 	Title:	VP & General Manager
	 
	$2,000,000,000	Total of the Commitments

Omnicom: Three Year Credit Agreement

SCHEDULE I

OMNICOM GROUP

AMENDED AND RESTATED THREE YEAR CREDIT AGREEMENT

APPLICABLE LENDING OFFICES1

	Name of Initial

Lender	Domestic Lending Office	Eurocurrency Lending Office
	Australia and New

      Zealand Banking

      Group Limited	277 Park Avenue, 31st Floor

      New York, NY 10172

      Attn: Tessie Amante

      T: 212 801-9744

      F: 212 536-9265

      LoanAdminNYC1177AA2@anz.com	277 Park Avenue, 31st Floor

      New York, NY 10172

      Attn: Tessie Amante

      T: 212 801-9744

      F: 212 536-9265

      LoanAdminNYC1177AA2@anz.com
      

	Banco Bilbao

      Vizcaya

      Argentaria S.A.,

      New York Branch	1345 Avenue of the Americas

      45th Floor

      New York, NY 10105

      Attn: Angel Luis Rivera

      T: 212 728-1733

      F: 212 333-2901

      Lending.administration@bbvany.com	1345 Avenue of the Americas

      45th Floor

      New York, NY 10105

      Attn: Angel Luis Rivera

      T: 212 728-1733

      F: 212 333-2901

      Lending.administration@bbvany.com

	Bank of America

      Merrill Lynch	100 Federal Street

      Boston, MA 02110

      Attn: Manohar Rama

      T: 415 436-3685 ext. 66854

      F: 972 728-6179

      Manohar.r@bankofamerica.com	100 Federal Street

      Boston, MA 02110

      Attn: Manohar Rama

      T: 415 436-3685 ext. 66854

      F: 972 728-6179

      Manohar.r@bankofamerica.com

	Bank of China,

      New York Branch	410 Madison Avenue

      New York, NY 10017
      

      Attn: Wenzhen Zhang

      T: 212 935-3101 ext. 359

      F: 212 371-4185

      Synloanadmin.nyb@bocusa.com	410 Madison Avenue

      New York, NY 10017

      Attn: Wenzhen Zhang

      T: 212 935-3101 ext. 359

      F: 212 371-4185

      Synloanadmin.nyb@bocusa.com

	The Bank of Nova

      Scotia	44 King Street West

      Toronto, ON M5H 1H1

      Attn: Vesna Vukelich

      T: 212 225-5705

      F: 212 225-5709

      Vesna_vukelich@scotiacapital.com	44 King Street West

      Toronto, ON M5H 1H1

      Attn: Vesna Vukelich

      T: 212 225-5705

      F: 212 225-5709

      Vesna_vukelich@scotiacapital.com

	The Bank of

      Tokyo-Mitsubishi

      UFJ, Ltd.	1251 Avenue of the Americas, 12th Floor

      New York, NY 10020

      Attn: Jaime Velez

      T: 201 413-8586

      F: 201 521-2304/2305	1251 Avenue of the Americas, 12th Floor

      New York, NY 10020

      Attn: Jaime Velez

      T: 201 413-8586

      F: 201 521-2304/2305

	BNP Paribas	787 Seventh Avenue

      New York, NY 10019

      Attn: Karl Anderson

      T: 212 850-6602

      F: 212 850-4013	787 Seventh Avenue

      New York, NY 10019

      Attn: Karl Anderson

      T: 212 850-6602

      F: 212 850-4013

1 Include DTTP scheme number and jurisdiction of tax residence if DTTP scheme is to apply to an Advance made to a Borrower incorporated in the United Kingdom.
 

Omnicom: Three Year Credit Agreement

	Chang Hwa

      Commercial Bank,

      Ltd.	333 S. Grand Ave., Suite 600

      Los Angeles, CA 90071

      Attn: Noah Wang

      T: 213 620-7200 ext. 224

      F: 213 620-7227

      note@chbla.com	333 S. Grand Ave., Suite 600

      Los Angeles, CA 90071

      Attn: Noah Wang

      T: 213 620-7200 ext. 224

      F: 213 620-7227

      note@chbla.com

	Citibank, N.A.	1615 Brett Road, Building #3

      New Castle, DE 19720

      Attn: Dana Fuski Dugan

      T: 302 894-6003

      F: 212 994-096

      	1615 Brett Road, Building #3

      New Castle, DE 19720

      Attn: Dana Fuski Dugan

      T: 302 894-6003

      F: 212 994-0961
	Comerica Bank	U.S. Banking/ East

      Oaktech Office Center

      3551 Hamlin Rd., 4th Floor

      MC2397

      Auburn Hills, MI 48326

      Attn: Demetria R. Anderson

      T: 248 371-6803

      F: 248 371-6251

      dranderson@comerica.com	U.S. Banking/ East

      Oaktech Office Center

      3551 Hamlin Rd., 4th Floor

      MC2397

      Auburn Hills, MI 48326

      Attn: Demetria R. Anderson

      T: 248 371-6803

      F: 248 371-6251

      dranderson@comerica.com
	Danske Bank A/S	Holmens Kanal 2-12

      DK-1092 Copenhagen K

      Denmark

      08/D/0316495/DTTP

      Attn: Loan Administration

      F: 45 45 14 99 79

      R3925syn@danskebank.dk	Holmens Kanal 2-12

      DK-1092 Copenhagen K

      Denmark

      08/D/0316495/DTTP

      Attn: Loan Administration

      F: 45 45 14 99 79

      R3925syn@danskebank.dk
	Deutsche Bank

      AG New York

      Branch	60 Wall Street

      New York, NY 10005

      Attn: Nino Recko

      T: 904 271-2403

      F: 866 240-3622

      Nino.Recko@db.com	60 Wall Street

      New York, NY 10005

      Attn: Nino Recko

      T: 904 271-2403

      F: 866 240-3622

      Nino.Recko@db.com

	The Governor &

      Company of the

      Bank of Ireland	Lower Baggot St.

      Dublin 2, Ireland

      Attn: Ms. Orla Hoyne

      T: +353 1 604-4748

      F: +353 1 604-4793

      corporateloansadmin@boimail.com	Lower Baggot St.

      Dublin 2, Ireland

      Attn: Ms. Orla Hoyne

      T: +353 1 604-4748

      F: +353 1 604-4793

      corporateloansadmin@boimail.com

	HSBC Bank USA,

      National

      Association	425 Fifth Avenue

      New York, NY 10018

      Attn: Seema Sodha

      T: 716 841-1930

      F: 917 229-0973

      US.CMB.Agency.1@us.hsbc.com	425 Fifth Avenue

      New York, NY 10018

      Attn: Seema Sodha

      T: 716 841-1930

      F: 917 229-0973

      US.CMB.Agency.1@us.hsbc.com

	The Huntington

      National Bank	41 South High Street

      Columbus, OH 43215

      Attn: Amy L. Pierce

      T: 614 780-1300

      F: 614 480-2249

      Amy.l.pierce@huntington.com	41 South High Street

      Columbus, OH 43215

      Attn: Amy L. Pierce

      T: 614 780-1300

      F: 614 480-2249

      Amy.l.pierce@huntington.com

	ING Bank N.V.,

      Dublin Branch	Block 4 Dundrum Tower Centre

      Sandyford Road, Dundrum

      Dublin 16
      Ireland

      Attn: Alan Maher / Robbie McNab

      T: +353 1 638-4008 / 4012

      F: +353 1 638-4060

      Alan.maher@ie.ing.com

      Robert.mcnab@ie.ing.com	Block 4 Dundrum Tower Centre

      Sandyford Road, Dundrum

      Dublin 16 Ireland

      Attn: Alan Maher / Robbie McNab

      T: +353 1 638-4008 / 4012

      F: +353 1 638-4060

      Alan.maher@ie.ing.com

      Robert.mcnab@ie.ing.com

Omnicom: Three Year Credit Agreement

	Intesa Sanpaolo

      S.p.A. New York

      Branch	1 William Street

      New York, NY 10004

      Attn: Alex Papace

      T: 212 607-3531

      F: 212 607-3897	1 William Street

      New York, NY 10004

      Attn: Alex Papace

      T: 212 607-3531

      F: 212 607-3897

	JPMorgan Chase

      Bank, N.A.	500 Stanton Christiana Road, Ops 2,

      Floor 03

      Newark, DE, 19713-2107

      Attn: Nicole Mangiaracina

      T: 302-634-2022

      F: 201-244-3885

      nicole.f.mangiaracina@jpmchase.com	500 Stanton Christiana Road, Ops 2,

      Floor 03

      Newark, DE, 19713-2107

      Attn: Nicole Mangiaracina

      T: 302-634-2022

      F: 201-244-3885

      nicole.f.mangiaracina@jpmchase.com

	KeyBank National

      Association	127 Public Square

      Cleveland, OH 44114

      Attn: Matt Schorgl

      T: 216 689-5459

      F: 216 689-5184

      Matthew_schorgl@keybank.com	127 Public Square

      Cleveland, OH 44114

      Attn: Matt Schorgl

      T: 216 689-5459

      F: 216 689-5184

      Matthew_schorgl@keybank.com

	Lloyds TSB Bank,

      plc	1095 Avenue of the Americas, 34th Flr.

      New York, NY 10036

      Attn: Dennis McClellan / Kamini Rana

      T: 212 930-8933 / 8902

      F: 212 930-5099

      Dennis.mcclellan@us.lloydsbanking.com

      Kamini.rana@us.lloydsbanking.com	1095 Avenue of the Americas, 34th Flr.

      New York, NY 10036

      Attn: Dennis McClellan / Kamini Rana

      T: 212 930-8933 / 8902

      F: 212 930-5099

      Dennis.mcclellan@us.lloydsbanking.com

      Kamini.rana@us.lloydsbanking.com

	Mizuho Corporate

      Bank, Ltd.	Harborside Financial Center

      1800 Plaza Ten

      Jersey City, NJ 07311-4098

      Attn: Sophia White-Larmond

      T: 201 626-9134

      F: 201 626-9941

      Sophia.white-larmond@mizuhocbus.com	Harborside Financial Center

      1800 Plaza Ten

      Jersey City, NJ 07311-4098

      Attn: Sophia White-Larmond

      T: 201 626-9134

      F: 201 626-9941

      Sophia.white-larmond@mizuhocbus.com

	Nordea Bank

      Finland Plc., New

      York & Cayman

      Island Branches	437 Madison Avenue, 21st floor

      New York, NY 10022

      Attn: Sherika Edouard

      T: 212-318-9582

      F: 212-750-9118

      Sherika.edouard@nordea.com	437 Madison Avenue, 21st floor

      New York, NY 10022

      Attn: Sherika Edouard

      T: 212-318-9582

      F: 212-750-9118

      Sherika.edouard@nordea.com

	The Northern

      Trust Company	50 South LaSalle Street

      Chicago, IL 60675

      Attn: Sharon Jackson

      T: 312 630-1609

      F: 312 630-1566

      smj@ntrs.com	50 South LaSalle Street

      Chicago, IL 60675

      Attn: Sharon Jackson

      T: 312 630-1609

      F: 312 630-1566

      smj@ntrs.com

	PNC Bank,

      National

      Association	One PNC Plaza

      249 Fifth Avenue

      Pittsburgh, PA 15222

      Attn: Brian Kus

      T: 440 546-7399

      F: 877 718-2651

      Brian.kus@pnc.com	One PNC Plaza

      249 Fifth Avenue

      Pittsburgh, PA 15222

      Attn: Brian Kus

      T: 440 546-7399

      F: 877 718-2651

      Brian.kus@pnc.com      

Omnicom: Three Year Credit Agreement

	 Societe Generale	 1221 Avenue of the Americas

       New York, NY 10020

       Attn: Grace Lai

       T: 201 839-8445

       F: 201 839-8117

       Grace.lai@sgcib.com	 1221 Avenue of the Americas

       New York, NY 10020

       Attn: Grace Lai

       T: 201 839-8445

       F: 201 839-8117

       Grace.lai@sgcib.com
	 Standard

       Chartered Bank	 One Madison Avenue, 3rd Floor

       New York, NY 10010

       Attn: Vicky Falkine / Sabeta Singh

       T: 201 706-5311 / 5335

       F: 201 706-6722
      	 One Madison Avenue, 3rd Floor

       New York, NY 10010

       Attn: Vicky Falkine / Sabeta Singh

       T: 201 706-5311 / 5335

       F: 201 706-6722

	 Sumitomo Mitsui

       Banking

       Corporation, New

       York	 277 Park Avenue

       New York, NY 10172

       Attn: Yvette Browne

       T: 212 224-4306

       F: 212 224-5197

       Yvette_Browne@smbcgroup.com	 277 Park Avenue

       New York, NY 10172

       Attn: Yvette Browne

       T: 212 224-4306

       F: 212 224-5197

       Yvette_Browne@smbcgroup.com

	 U.S. Bank

       National

       Association	 209 South Lasalle Street, Suite 410

       Chicago, IL 60604

       Attn: Connie Sweeney

       T: 920 237-7604

       F: 920 237-7993

       Connie.sweeney@usbank.com	 209 South Lasalle Street, Suite 410

       Chicago, IL 60604

       Attn: Connie Sweeney

       T: 920 237-7604

       F: 920 237-7993

       Connie.sweeney@usbank.com

	 UBS Loan Finance

       LLC	 677 Washington Blvd.

       Stamford, CT 06901

       Attn: Denise Bushee

       T: 203 719-3167

       F: 203 719-3390

       Denise.bushee@ubs.com	 677 Washington Blvd.

       Stamford, CT 06901

       Attn: Denise Bushee

       T: 203 719-3167

       F: 203 719-3390

       Denise.bushee@ubs.com

	 UniCredit Bank

       AG, New York

       Branch	 150 East 42nd Street

       New York, NY 10017

       Attn: Stuart Hutton

       T: +44 207-826-1156

       F: +44 207-826-1489

       Stuart.hutton@unicreditgroup.eu	 150 East 42nd Street

       New York, NY 10017

       Attn: Stuart Hutton

       T: +44 207-826-1156

       F: +44 207-826-1489

       Stuart.hutton@unicreditgroup.eu

	 Union Bank, N.A.	 1980 Saturn Street

       Monterey Park, CA 91754

       Attn: Maria Suncin / Patrick Abo

       T: 323 720-2870 / 2666

       F: 323 724-6198

       #closynd@unionbank.com	 1980 Saturn Street

       Monterey Park, CA 91754

       Attn: Maria Suncin / Patrick Abo

       T: 323 720-2870 / 2666

       F: 323 724-6198

       #closynd@unionbank.com
	 Wells Fargo Bank,

       National

       Association	 375 Park Avenue, 3rd Floor

       New York, NY 10152

       Attn: Tanya Ivie

       T: 302 863-6102

       F: 302 863-2729	 375 Park Avenue, 3rd Floor

       New York, NY 10152

       Attn: Tanya Ivie

       T: 302 863-6102

       F: 302 863-2729

	 Westpac Banking

       Corporation	 575 Fifth Avenue, 39th Floor

       New York, NY 10017

       Attn: GMO Nightshift Operations

       T: +61 2 9806-4022

       F: +44 207 621-7608

       loansadmin@westpac.com.au	 575 Fifth Avenue, 39th Floor

       New York, NY 10017

       Attn: GMO Nightshift Operations

       T: +61 2 9806-4022

       F: +44 207 621-7608

       loansadmin@westpac.com.au

Omnicom: Three Year Credit Agreement

Schedule 2.01(b)

Existing Letters of Credit

None.

 

Omnicom: Three Year Credit Agreement

SCHEDULE 3.01(b)

DISCLOSED LITIGATION

None.

 

Omnicom: Three Year Credit Agreement

SCHEDULES 5.02(a) AND 5.02(d)

EXISTING LIENS AND EXISTING DEBT

SCHEDULES 5.02(a) AND 5.02(d)

EXISTING LIENS AND EXISTING DEBT

SECURED OBLIGATIONS

				
	Subsidiary Borrower
      

    	Lender(s)
      

    	Each Lender
      

    	Total Debt
      

    
	BBDO Puerto Rico	First Bank	4,196	 
	 	Reliable Financial Services	4,173	 
	 	 	 	 
	 	Reliable Financial Services	27,711	36,080
	BBDO Ireland	Bank of Ireland	38,167	 
	 	 	 	 
	 	GE Commercial Finance	1,807	39,974
	 	 	 	 
	Pleon ECC Group	Markus Schindler Partner Holding GmbH	443,010	443,010
	DDB South Africa	Alphera Finance	1,169	 
	 	 	 	 
	 	Wesbank	4,031	5,200
	 	 	 	 
	Interbrand Malaysia	Naga DDB Sdn Bhd	77,735	77,735
	 	 	 	 
	TRO Group Ltd	Barclays	18,196	18,196
	TBWA Germany	M. Rieger	119,944	 
	 	J. Dambacher	593,411	 
	 	T. Meichle	44,280	 
	 	 	 	 
	 	A. Litschko	44,280	801,915
	 	 	
      

	
      

    
	 	 	 	 
	Total Subsidiary Debt	 	1,422,110	1,422,110
	 	 	
      

	
      

    
	 
	Obligations under	 	 	 
	Capitalized Leases	Various	 	44,771,586

UNSECURED OBLIGATIONS

  Omnicom Group Inc. has four zero coupon convertible bonds outstanding maturing in 2031, 2032, 2033 and 2038. The principal amounts outstanding for each of these bonds are $125,000, $252,772,000, $84,000 and $406,622,000, respectively. In addition, Omnicom group Inc. has three USD-denominated notes. The notes consist of a 5.90% note with a principal amount outstanding of $1,000,000,000 which matures in 2016, a 6.25% note with a principal amount outstanding of $500,000,000 which matures in 2019 and a 4.45% note with a principal amount outstanding of $1,000,000,000 which matures in 2020.

Omnicom: Three Year Credit Agreement

EXHIBIT A - FORM OF

PROMISSORY NOTE

		
	U.S.$_______________	Dated: _______________, 20__

     FOR VALUE RECEIVED,
the undersigned, [OMNICOM FINANCE INC., a Delaware corporation][OMNICOM CAPITAL
INC., a Connecticut corporation][OMNICOM FINANCE PLC, a corporation organized
under the laws of England and Wales], (the “Borrower”), HEREBY
PROMISES TO PAY to the order of _________________________ (the
“Lender”) for the account of its Applicable Lending Office on
the Termination Date (each as defined in the Credit Agreement referred to below)
the principal sum of U.S.$[amount of the Lender’s Commitment in figures]
or, if less, the aggregate principal amount of the Advances made by the Lender
to the Borrower pursuant to the Amended and Restated Three Year Credit Agreement
dated as of December 9, 2010 among the Borrowers referred to therein (including
the undersigned), the Guarantor, the Lender and the other lenders parties
thereto, the Initial Issuing Banks, Citigroup Global Markets Inc., J.P. Morgan
Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as
lead arrangers and book managers, JPMorgan Chase Bank, N.A. and Bank of America,
N.A., as syndication agents, HSBC Bank USA, National Association, Wells Fargo
Bank, National Association and Banco Bilbao Vizcaya Argentaria S.A., New York
Branch, as documentation agents, and Citibank, N.A. as Agent for the Lender and
the other lenders parties thereto (as amended or modified from time to time, the
“Credit Agreement”; the terms defined therein being used herein
as therein defined) outstanding on the Termination Date.

     The Borrower promises to pay interest on the unpaid principal amount of each Advance from the date of such Advance until such principal amount is paid in full, at such interest rates, and at such times, as are specified in the Credit Agreement.

     Both principal and interest in respect of each Advance (i) in Dollars are payable in lawful money of the United States of America to the Agent at its account maintained at 388 Greenwich Street, New York, New York 10013, in same day funds and (ii) in any Committed Currency are payable in such currency at the applicable Payment Office in same day funds. Each Advance owing to the Lender by the Borrower pursuant to the Credit Agreement, and all payments made on account of principal thereof, shall be recorded by the Lender and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Promissory Note.

     This Promissory Note shall be governed by, and construed in accordance with, the laws of the State of New York.

     This Promissory Note is one of the Notes referred to in, and is entitled to the benefits of, the Credit Agreement. The Credit Agreement, among other things, (i) provides for the making of Advances by the Lender to the Borrower from time to time in an aggregate amount not to exceed at any time outstanding, subject to Section 2.10(b) of the Credit Agreement, 103% of the Dollar amount first above mentioned, the indebtedness of the Borrower resulting from each such Advance being evidenced by this Promissory Note, (ii) contains provisions for determining the Dollar Equivalent of Advances denominated in Committed Currencies and (iii) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified.

Exhibit A-1

Omnicom: Three Year Credit Agreement

		
	 	[OMNICOM FINANCE INC.]
	 	[OMNICOM CAPITAL INC.]
	 	[OMNICOM FINANCE PLC]
	 	 
	 	 
	 	By_______________________
	 	Title:

Exhibit A-2 

Omnicom: Three Year Credit Agreement

ADVANCES AND PAYMENTS OF PRINCIPAL

	Date	Amount of

Advance	Amount of

      Principal Paid

or Prepaid	Unpaid Principal

Balance	Notation

Made By
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

Exhibit A-3

Omnicom: Three Year Credit Agreement

EXHIBIT B - FORM OF NOTICE OF

BORROWING

Citibank, N.A., as Agent

for the Lenders parties

to the Credit Agreement

referred to below

1615 Brett Road, Building #3

New Castle, Delaware 19720

     [Date]

     Attention: Bank Loan Syndications Department

Ladies and Gentlemen:

     The undersigned,
[Omnicom Finance Inc.][Omnicom Capital Inc.][Omnicom Finance plc], (the
“Borrower”), refers to the Amended and Restated Three Year
Credit Agreement, dated as of December 9, 2010 (as amended or modified from time
to time, the “Credit Agreement”, the terms defined therein
being used herein as therein defined), among the Borrowers referred to therein
(including the undersigned), the Guarantor, the Lenders parties thereto, the
Initial Issuing Banks, Citigroup Global Markets Inc., J.P. Morgan Securities LLC
and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as lead arrangers
and book managers, JPMorgan Chase Bank, N.A. and Bank of America, N.A., as
syndication agents, HSBC Bank USA, National Association, Wells Fargo Bank,
National Association and Banco Bilbao Vizcaya Argentaria S.A., New York Branch,
as documentation agents, and Citibank, N.A., as Agent for said Lenders, and
hereby gives you notice, irrevocably, pursuant to Section 2.02 of the Credit
Agreement that the undersigned hereby requests a Borrowing under the Credit
Agreement, and in that connection sets forth below the information relating to
such Borrowing (the “Proposed Borrowing”) as required by
Section 2.02(a) of the Credit Agreement:

       (i) The Business Day of the Proposed Borrowing is _______________, 20__.

       (ii) The Type of Advances comprising the Proposed Borrowing is [Base Rate Advances] [Eurocurrency Rate Advances].

       (iii) The aggregate amount of the Proposed Borrowing is [$_______________][for a Borrowing in a Committed Currency, list currency and amount of Borrowing].

       [(iv) The initial Interest Period for each Eurocurrency Rate Advance made as part of the Proposed Borrowing is _____ month[s]. [If nine or twelve months is selected, specify alternate Interest Period of one, two, three or six months.]

     The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the date of the Proposed Borrowing:

       (A) the representations and warranties contained in Section 4.01 of the Credit Agreement (except the representations set forth in the last sentence of subsection (e) thereof and in subsection (f)(i) thereof)) are correct, before and after giving effect to the Proposed Borrowing and to the application of the proceeds therefrom, as though made on and as of such date; and

Exhibit B-1

Omnicom: Three Year Credit Agreement

       (B) no event has occurred and is continuing, or would result from such Proposed Borrowing or from the application of the proceeds therefrom, that constitutes a Default.

		
	 	Very truly yours,
	 	 
	 	[OMNICOM FINANCE INC.]
	 	[OMNICOM CAPITAL INC.]
	 	[OMNICOM FINANCE PLC]
	 	 
	 	 
	 	By_______________________
	 	Title:

Exhibit B-2

Omnicom: Three Year Credit Agreement

EXHIBIT C - FORM OF

ASSIGNMENT AND ACCEPTANCE

     Reference is made
to the Amended and Restated Three Year Credit Agreement dated as of December 9,
2010 (as amended or modified from time to time, the “Credit
Agreement”) among Omnicom Finance Inc., Omnicom Capital Inc. and
Omnicom Finance plc (the “Borrowers”), Omnicom Group Inc. (the
“Guarantor”), the Lenders (as defined in the Credit Agreement),
the Initial Issuing Banks (as defined in the Credit Agreement), Citigroup Global
Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner &
Smith Incorporated, as lead arrangers and book managers, JPMorgan Chase Bank,
N.A. and Bank of America, N.A., as syndication agents, HSBC Bank USA, National
Association, Wells Fargo Bank, National Association and Banco Bilbao Vizcaya
Argentaria S.A., New York Branch, as documentation agents, and Citibank, N.A.,
as agent for the Lenders (the “Agent”). Terms defined in the
Credit Agreement are used herein with the same meaning.

     The “Assignor” and the “Assignee” referred to on Schedule I hereto agree as follows:

     1. The Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, an interest in and to the Assignor’s rights and obligations under [the Credit Agreement as of the date hereof] [the Letter of Credit Facility] equal to the percentage interest specified on Schedule 1 hereto of [all outstanding rights and obligations under the Credit Agreement together with participations in Letters of Credit held by the Assignor on the date hereof] [such Assignor’s Unissued Letter of Credit Commitment]. After giving effect to such sale and assignment, the Assignee’s [Revolving Credit Commitment and the amount of the Advances], [Letter of Credit Commitment] owing to the Assignee will be as set forth on Schedule 1 hereto.

     2. The Assignor (i)
represents and warrants that it is the legal and beneficial owner of the
interest being assigned by it hereunder and that such interest is free and clear
of any adverse claim created by the Assignor; (ii) makes no representation or
warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with the Credit Agreement
or the execution, legality, validity, enforceability, genuineness, sufficiency
or value of, or the perfection or priority of any lien or security interest
created or purported to be created under or in connection with, the Credit
Agreement or any other instrument or document furnished pursuant thereto; (iii)
makes no representation or warranty and assumes no responsibility with respect
to the financial condition of any Loan Party or the performance or observance by
any Loan Party of any of its obligations under the Credit Agreement or any other
instrument or document furnished pursuant thereto; and (iv) attaches the Note[,
if any,] held by the Assignor [and requests that the Agent exchange such Note
for a new Note payable to the order of [the Assignee in an amount equal to the
Revolving Credit Commitment assumed by the Assignee pursuant hereto or new Notes
payable to the order of the Assignee in an amount equal to the Revolving Credit
Commitment assumed by the Assignee pursuant hereto and] the Assignor in an
amount equal to the Revolving Credit Commitment retained by the Assignor under
the Credit Agreement[, respectively,] as specified on Schedule 1 hereto].

     3. The Assignee (i)
confirms that it has received a copy of the Credit Agreement, together with
copies of the financial statements referred to in Section 4.01 thereof and such
other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into this Assignment and Acceptance; (ii)
agrees that it will, independently and without reliance upon the Agent, the
Assignor or any other Lender and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit decisions in
taking or not taking action under the Credit Agreement; (iii) confirms that it
is an Eligible Assignee; (iv) appoints and authorizes the Agent to take such
action as agent on its behalf and to exercise such powers and discretion under
the Credit Agreement as are delegated to the Agent by the terms thereof,
together with such powers and discretion as are reasonably incidental thereto;
(v) agrees that it will perform in accordance with their terms all of the
obligations that by the terms of the Credit Agreement are required to be
performed by it as a Lender; and (vi) attaches any U.S. Internal Revenue Service
or U.K. Inland Revenue forms required under Section 2.14 of the Credit
Agreement.

Exhibit C-1

Omnicom: Three Year Credit Agreement

     4. Following the execution of this Assignment and Acceptance, it will be delivered to the Agent for acceptance and recording by the Agent. The effective date for this Assignment and Acceptance (the “Effective Date”) shall be the date of acceptance hereof by the Agent, unless otherwise specified on Schedule 1 hereto.

     5. Upon such acceptance and recording by the Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Lender thereunder and (ii) the Assignor shall, to the extent provided in this Assignment and Acceptance, relinquish its rights and be released from its obligations under the Credit Agreement.

     6. Upon such acceptance and recording by the Agent, from and after the Effective Date, the Agent shall make all payments under the Credit Agreement and the Notes in respect of the interest assigned hereby (including, without limitation, all payments of principal, interest, fees and Letter of Credit commissions with respect thereto) to the Assignee. The Assignor and Assignee shall make all appropriate adjustments in payments under the Credit Agreement and the Notes for periods prior to the Effective Date directly between themselves.

     7. This Assignment and Acceptance shall be governed by, and construed in accordance with, the laws of the State of New York.

     8. This Assignment and Acceptance may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of Schedule 1 to this Assignment and Acceptance by telecopier shall be effective as delivery of a manually executed counterpart of this Assignment and Acceptance.

     IN WITNESS WHEREOF, the Assignor and the Assignee have caused Schedule 1 to this Assignment and Acceptance to be executed by their officers thereunto duly authorized as of the date specified thereon.

Exhibit C-2

Omnicom: Three Year Credit Agreement

Schedule 1

to

Assignment and Acceptance

		
	Percentage interest assigned:	_____%
	Assignee’s Revolving Credit Commitment:	$______
	Aggregate outstanding principal amount of Advances assigned:	$______
	Principal amount of Note payable to Assignee:	$______
	Principal amount of Note payable to Assignor:	$______
	[Assignee’s Letter of Credit Commitment:	$______]
	Effective Date* : _______________, 20__	 

	*      	
      This date should be no earlier than five Business Days after the delivery of this Assignment and Acceptance to the Agent.

    

Exhibit C-3

Omnicom: Three Year Credit Agreement

		
	 	[NAME OF ASSIGNOR], as Assignor
	 	 
	 	By_______________________
	 	Title:
	 	 
	 	Dated: _______________, 20__
	 	 
	 	[NAME OF ASSIGNEE], as Assignee
	 	 
	 	By_______________________
	 	Title:
	 	 
	 	Dated: _______________, 20__
	 	 
	 	Domestic Lending Office:2
	 	              [Address]
	 	 
	 	Eurocurrency Lending Office:
	 	             [Address]

2 Include DTTP scheme number and jurisdiction of tax residence if DTTP scheme is to apply to an Advance made to a Borrower incorporated in the United Kingdom.
Exhibit C-4

Omnicom: Three Year Credit Agreement

	
	Accepted [and Approved]** this
	____ day of _______________,
      20__
	 
	CITIBANK, N.A., as Agent
	 
	By______________________
	Title:
	 
	[Approved this________ day
	of _______________, 20__
	 
	OMNICOM GROUP INC.
	 
	By______________________]*
	Title:

	**      	
Required if the Assignee is an Eligible Assignee solely by reason of clause (iii) of the definition of “Eligible Assignee”.

	 
	*      	
Required if the Assignee is an Eligible Assignee solely by reason of clause (iii) of the definition of “Eligible Assignee”.

	 

Exhibit C-5

Omnicom: Three Year Credit Agreement

EXHIBIT D-1 - FORM OF

OPINION OF NEW YORK COUNSEL

FOR THE LOAN PARTIES

              December 9, 2010

To each of the Lenders parties

  to the Amended and Restated Three

Year Credit Agreement referred to below

Omnicom Finance Inc., Omnicom Capital Inc. and Omnicom Finance plc

Ladies and Gentlemen:

     This opinion is
furnished to you pursuant to Section 3.01(h)(iv) of the Amended and Restated
Three Year Credit Agreement, dated as of December 9, 2010 (the “Credit
Agreement”), by and among Omnicom Finance Inc.
(“OFI”), Omnicom Capital Inc. (“OCI”), and
Omnicom Finance plc (“OFP”, and, collectively with OFI and OCI,
the “Borrowers”), Omnicom Group Inc. (the
“Guarantor”), the banks, financial institutions and other
institutional lenders and initial issuing banks listed on the signature pages
thereof, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill
Lynch, Pierce, Fenner & Smith Incorporated, as joint lead arrangers and book
managers, JPMorgan Chase Bank, N.A. and Bank of America, N.A., as syndication
agents, HSBC Bank USA, National Association, Wells Fargo Bank, National
Association and Banco Bilbao Vizcaya Argentaria S.A., New York Branch, as
documentation agents, and Citibank, N.A., as administrative agent (the
“Agent”) for the Lenders. Capitalized terms used herein without
definition are used as defined in the Credit Agreement.

     We have acted as New York counsel for the Loan Parties in connection with the preparation, execution and delivery of the Credit Agreement.

     In connection with this opinion, we have examined originals or copies (including conformed copies) of the following documents:

       (1) The Credit Agreement.

       (2) The documents furnished by the Loan Parties pursuant to Article III of the Credit Agreement (together with the Credit Agreement, the “Credit Documents”).

       (3) The Certificate of Incorporation and all amendments thereto (the “Charter”) of each of OFI, OCI and the Guarantor (collectively, the “US Loan Parties”), as certified as of a recent date by a public official of the state of its incorporation.

       (4) The by-laws and all amendments thereto (the “By-laws”) of each US Loan Party, as certified to us by each US Loan Party.

       (5) A certificate of the Secretary of State of Delaware, dated __________, 2010, attesting to the continued corporate existence and good standing of OFI in that State as of the date thereof.

       (6) A certificate of the Secretary of State of Connecticut, dated __________, 2010, attesting to the continued corporate existence of OCI in that State as of the date thereof.

D-1-1

Omnicom: Three Year Credit Agreement

       (7) A certificate of the Secretary of State of New York, dated __________, 2010 attesting to the continued corporate existence of the Guarantor in that State as of the date thereof.

     In addition, we have examined originals or copies, certified or otherwise identified to our satisfaction, of such records, instruments and other documents, and have made such other investigations, as we have deemed relevant and necessary as a basis for the opinions hereinafter set forth.

     For the purposes
hereof, we have assumed, with your permission and without independent
verification of any kind: (a) that the signatures of persons signing all
documents in connection with which this opinion is rendered are genuine; (b) the
legal capacity of all natural persons; (c) that all documents submitted to us as
originals or duplicate originals are authentic; and (d) that all documents
submitted to us as copies, whether certified or not, conform to authentic
original documents. As to questions of fact relevant to this opinion, we have
assumed, without independent investigation or verification of any kind, the
accuracy of the representations and warranties of the Loan Parties in the Credit
Agreement and have relied upon certificates and oral or written statements and
other information of public officials, and officers and representatives of the
Loan Parties. For purposes of the opinion set forth in the paragraph numbered 1
below, we have relied solely upon copies of good standing certificates as
certified by public officials as of the dates and in the jurisdictions listed on
Annex I hereto.

     In rendering the
opinions expressed below, we have assumed, with your permission and without any
independent investigation or verification of any kind, that: (i) OFP has been
duly organized and is validly existing and in good standing under the laws of
its jurisdiction of incorporation and is duly qualified in each other
jurisdiction in which the conduct of its business or the ownership of its
property makes such qualification necessary; (ii) OFP has full power and
authority to execute, deliver and perform the Credit Documents to which it is a
party; (iii) the execution, delivery and performance of the Credit Documents by
OFP have been duly authorized by all requisite corporate action on the part of
OFP; (iv) the Credit Documents have been duly executed and delivered by OFP; and
(v) the execution, delivery and performance of the Credit Documents by OFP do
not and will not violate the Charter, By-laws or other organizational documents
of OFP. We have further assumed, with your permission and without any
independent investigation or verification of any kind, that the Credit Agreement
constitutes the valid and legally binding obligation of each Person party
thereto (other than the US Loan Parties and OFP), enforceable against such
Person in accordance with its terms. Furthermore, in giving the opinions set
forth in paragraphs numbered 4, 5 and 6 below, we express no opinion as to state
securities or blue sky laws.

     Based upon the foregoing,
  and subject to the limitations set forth herein, we are of the opinion that:

     1. Each US Loan Party (i) is a validly existing corporation under the laws of the jurisdiction of its incorporation listed on Annex I hereto and (ii) has the corporate power and authority to own its property and assets and to transact the business in which it is engaged. In addition, OFI is in good standing under the law of the jurisdiction of its incorporation listed on Annex I hereto.

     2. Each US Loan Party has the corporate power to execute, deliver and perform the terms and provisions of the Credit Agreement and the Notes to be delivered by it and has taken all necessary corporate action to authorize the execution, delivery and performance of the Credit Agreement and the Notes to be delivered by it. Each US Loan Party has duly executed and delivered the Credit Agreement and the Notes delivered by it on the date hereof.

     3. The Credit Agreement constitutes the legal, valid and binding obligation of each Loan Party enforceable against such Loan Party in accordance with its terms. Each Note to be delivered by a Loan Party, assuming due execution and delivery thereof by such Loan Party, will constitute the legal, valid and binding obligation of such Loan Party enforceable against such Loan Party in accordance with its terms.

D-1-2

Omnicom: Three Year Credit Agreement

     4. Neither the execution and delivery, nor the performance, by any US Loan Party of the Credit Agreement or the Notes to be delivered by it, nor compliance by such US Loan Party with the terms and provisions thereof, (i) will contravene any provision of any law, statute, rule or regulation (including, without limitation, Regulation X of the Board of Governors of the Federal Reserve System) of the United States of America or the State of New York applicable to such US Loan Party or (ii) will violate any provision of the Charter or By-Laws of such US Loan Party.

     5. Neither the execution and delivery, nor the performance, by OFP of the Credit Agreement or the Notes to be delivered by it, nor compliance by it with the terms and provisions thereof, will contravene any provision of any law, statute, rule or regulation (including, without limitation, Regulation X of the Board of Governors of the Federal Reserve System) of the United States of America or the State of New York applicable to OFP.

     6. No order, consent, approval, license, authorization or validation of, or filing, recording or registration with (except as have been obtained or made on or prior to the date hereof), or exemption by, any governmental or public body or authority of the United States of America, or the State of New York, applicable to any Loan Party is required to authorize, or is required in connection with, (i) the execution, delivery and performance by any Loan Party of the Credit Agreement and the Notes to be delivered by it or (ii) the enforceability of the Credit Agreement and the Notes to be delivered by it in accordance with their terms against such Loan Party.

     7. The choice of New York law as the governing law of the Credit Agreement and the Notes is, under the laws of the State of New York, a valid choice of law.

     8. The consent by each Loan Party in Section 9.12 of the Credit Agreement to the jurisdiction of courts sitting in the State of New York is a valid consent to the jurisdiction of such courts.

     Our opinions are subject
  to the qualifications that:

     A. The
enforceability of the Credit Agreement and the Notes is subject to and may be
limited by bankruptcy, insolvency, reorganization, fraudulent conveyance,
moratorium, or other similar laws relating to or affecting the rights of
creditors generally (including such as may deny giving effect to waivers of
debtors’ or guarantors’ rights), and the application of general
principles of equity (regardless of whether considered in a proceeding in equity
or at law), including, without limitation, (i) the possible unavailability of
specific performance, injunctive relief or any other equitable remedy and (ii)
concepts of materiality, reasonableness, good faith and fair dealing.
Accordingly, no opinion is given herein as to (i) the availability of the right
to accelerate any obligation and certain remedies provided for in the Credit
Agreement in the event of a nonmaterial default, or (ii) the enforceability of
any provision of the Credit Agreement relating to cumulation of remedies or
waiving the remedy of specific performance, or the waiver of debtors’
rights.

     B. We express no opinion as to the enforceability of any contractual provision in the Credit Agreement as to waiver of any procedural right, including, without limitation, (i) the first sentence of Section 9.12(a) of the Credit Agreement insofar as such sentence relates to the subject matter jurisdiction of a federal court of the United States of America sitting in New York City to adjudicate any controversy related to any of the Credit Documents, and (ii) the waiver of inconvenient forum set forth in Section 9.12(b) of the Credit Agreement with respect to proceedings in a federal court of the United States of America sitting in New York City.

     C. We express no opinion as to the enforceability of any contractual provision in the Credit Documents relating to indemnification, including, without limitation, with respect to the enforceability of Section 9.04 of the Credit Agreement, to the extent that these may be limited (i) in the case of litigation against any Loan Party which is decided adversely to the person claiming indemnification or in a case involving a claim of indemnification for attorneys’ fees, (ii) by laws rendering unenforceable indemnification contrary to federal or state securities laws and the public policy underlying such laws, or (iii) by laws limiting the enforceability of provisions exculpating or exempting a party, or requiring

D-1-3

Omnicom: Three Year Credit Agreement

indemnification of a party, for liability for its own action or inaction, to the extent the action or inaction involves gross negligence, recklessness, willful misconduct or unlawful conduct.

       D. Furthermore, no opinion is given herein as to:

       (i) Section 7.02 of the Credit Agreement, to the extent that it relates to action contemplated by Section 7.02(b) of the Credit Agreement taken without the Guarantor’s consent, which may not be enforceable to the extent that the Guaranteed Obligations are materially altered; or

       (ii) the enforceability of the provisions of Section 9.11 of the Credit Agreement (A) to the extent that a judgment not in (1) Dollars is obtained in respect of the Credit Agreement in a jurisdiction other than the United States of America or (2) Committed Currencies is obtained in respect of the Credit Agreement in a jurisdiction other than a member-state of the European Union and the respective Loan Party pays such judgment or (B) insofar as those provisions contemplate an alternative or additional cause of action for a claim that may have merged with claims covered by an earlier judgment; or

       (iii) Section 7.02(h) of the Credit Agreement, to the extent it relates to any waiver of an applicable statute of limitations; or

       (iv) the enforceability of the right of setoff provided for in Section 9.05 of the Credit Agreement (A) in respect of an interest under the Credit Agreement purchased by a Lender pursuant to Section 2.15 or 9.07 of the Credit Agreement, to the extent the relevant purchase does not give rise to a direct obligation of any Borrower to such Lender, or (B) insofar as that right relates to setoff of unmatured obligations under the Credit Agreement or of obligations owed to any Loan Party by an Affiliate of a Lender or by an Affiliate of the Agent; or

       (v) the enforceability of Section 2.06 or 9.14 of the Credit Agreement to the extent that it constitutes a general disclaimer of the obligations or liabilities of an Issuing Bank.

     We are members of the Bar of the State of New York and express no opinion as to the laws of any jurisdiction other than those of the laws of the State of New York, the General Corporation Law of the State of Delaware and the federal laws of the United States of America. Our opinions set forth in paragraph numbers 1, 2 and 4(ii) above, as they apply to OCI, are based on our review of the Connecticut Business Corporation Act as reported by 33 Conn. Gen. Stat. Ann. § 33-600 et seq. to be in effect on the date of this opinion letter.

D-1-4

Omnicom: Three Year Credit Agreement

     This opinion is rendered solely to you by us as New York counsel for the Loan Parties in connection with the transactions contemplated by the Credit Agreement and the Notes. Each Lender (and its successors and permitted assigns) may rely upon this opinion in connection with those transactions. This opinion may not be relied upon in any other manner or for any other purpose, or furnished or relied upon by any other person, without our prior written consent. The information set forth herein is as of the date of this letter, and we disclaim any undertaking to advise you of changes which thereafter may be brought to our attention.

                                                    Very truly yours,

D-1-5

Omnicom: Three Year Credit Agreement

ANNEX I

			
	Name and Jurisdiction

of Incorporation
      

    	    	Type and Date of

Certificate in Jurisdiction

of Incorporation
      

    

	Omnicom Finance Inc. (Delaware)	 	Good Standing – __________, 2010
	Omnicom Capital Inc. (Connecticut)	 	Legal Existence – __________, 2010
	Omnicom Group Inc. (New York)	 	Subsisting – __________, 2010

D-1-6

Omnicom: Three Year Credit Agreement

EXHIBIT D-2 - FORM OF

OPINION OF ENGLISH

COUNSEL FOR OFP

To each of the Lenders parties to the Credit Agreement

referred to below and to Citibank, N.A. as Agent

Our Ref          FJA/539576

    December 2010

Dear Sirs

Omnicom Finance plc

		
	
      1

	
Introduction

We have acted as special English lawyers for Omnicom Finance plc, a company incorporated and existing under the laws of England and Wales (“OFP”), in connection with its authorisation of the execution and delivery of the following documents (together, the “Credit Documents”):

	 
	
1.1

	
the Amended and Restated Three Year Credit Agreement dated as of December 9, 2010 made among Omnicom Finance Inc., Omnicom Capital Inc. and OFP (collectively, the “Borrowers”), Omnicom Group Inc. as Guarantor, the Initial Lenders named therein, the Initial Issuing Banks as named therein, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as lead arrangers and book managers, JPMorgan Chase Bank, N.A. and Bank of America, N.A., as syndication agents, HSBC Bank USA, National Association, Wells Fargo Bank, National Association and Banco Bilbao Vizcaya Argentaria S.A., New York Branch, as documentation agents, and Citibank, N.A. as Administrative Agent for the Lenders (the “Credit Agreement”); and

	 
	
1.2

	
the Notes of OFP, if any, to be delivered pursuant to Section 2.16(a) of the Credit Agreement.

We have been asked by OFP to give you this opinion for the purposes of Section 3.01(h)(iv) of the Credit Agreement and we have taken instructions in this regard solely from OFP. You should be aware that our sole involvement with this transaction has been in giving this opinion and we have not been involved in the negotiation of the Credit Documents or in any other aspect of the transaction.

Terms defined in the Credit Agreement have the same meanings when used in this opinion.

	 
	
2

	
English law opinion

This opinion is limited to English law as applied by the English courts as at the date of this letter and is given on the basis that it will be governed by and construed in accordance with English law. We have made no investigation of the laws of any jurisdiction other than those of England and we do not express or imply any opinion as to the laws of any jurisdiction other than those of England.

Exhibit D-2-1

Omnicom: Three Year Credit Agreement

		
	 	
      The opinions given in this letter are strictly limited to the matters stated in paragraph 6 (Opinion) and do not extend to any other matters or any matters of fact.

    
	 
	
      3

    	
      Documents examined

      For the purpose of this opinion we have examined the following documents:

    
	 
	
      3.1

    	
      a copy of the Credit Agreement (including the Exhibits thereto) bearing a signature on behalf of OFP which is stated therein to be that of one of the persons identified in the certificate referred to at paragraph 3.2 below as a Director of OFP;

    
	 
	
      3.2

    	
      a copy of the certificate given by OFP pursuant to Section 3.01 (h) (ii) and (iii) of the Credit Agreement and having attached thereto, inter alia:

    
	 
	
      3.2.1

    	
      copies of the certificate of incorporation and Memorandum and Articles of Association of OFP, each certified as true, complete and up-to-date as at the date hereof by a Director of OFP; and

    
	 
	
      3.2.2

    	
      certified extracts from the minutes of a meeting of the Board of Directors of OFP held on [__________], the resolutions set out in such extracts having been certified as true, complete and still in force as at the date hereof by a Director of OFP; and

    
	 
	
      3.3

    	
      a further certificate addressed to us from a director of OFP, a copy of which is attached hereto (the “Certificate”).

    
	 
	
      4

    	
      Enquiries made

      For the purpose of giving this opinion, we have:

    
	 
	
      4.1

    	
      made an oral enquiry by telephone of the Central Registry of Winding Up Petitions in respect of OFP on [__________]; and

    
	 
	
      4.2

    	
      arranged for a review of the copy documents relating to OFP available from the Companies House website on [__________].

      Except for the documents listed in paragraph 3 above and the matters referred to in this paragraph 4, we have not examined any contracts or other documents entered into by or affecting any party to the Credit Documents nor any corporate records of OFP and we have not made any other enquiries or searches concerning OFP.

    
	 
	
      5

    	
      Assumptions

      In examining the documents referred to in paragraph 3 above, in making the enquiries referred to in paragraph 4 above and in giving this opinion we have assumed without further enquiry:

    
	 
	
      5.1

    	
      the genuineness of all signatures and seals on documents, the conformity to the originals of all documents supplied to us as copies and the authenticity of the originals of such documents;

    
	 
	 
	
      5.2

    	
      any Notes which are executed by OFP will be in the form set out in Exhibit A to the Credit Agreement;

    
	 
	 
	
      5.3

    	
      that the information disclosed by our oral enquiry at the Central Registry of Winding-up Petitions was then accurate and that such enquiry did not fail to disclose any matters which it should have

    

Exhibit D-2-2

Omnicom: Three Year Credit Agreement

		
	 	
disclosed and which are relevant for the purposes of this opinion and since the time of such enquiry there has been no alteration in the status or condition of OFP as represented by the Clerk at the Registry;

	 
	
      5.4

	
that the file of records available for public inspection from the website of Companies House concerning OFP was complete, accurate and up-to-date at the time of the review referred to in paragraph 4.2 above and that there has been no alteration in the status or condition of OFP as represented thereby;

	 
	
5.5

	
that OFP has not passed a voluntary winding-up resolution and that no petition has been presented to or order made by a court for the winding-up or dissolution of OFP or the appointment of an administrator of OFP and that no receiver, administrative receiver, or administrator has been appointed in respect of OFP or any of its assets which in any such case has not been revealed by the enquiries referred to in paragraph 4 above;

	 
	
5.6

	
that OFP (i) is not unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986 at the time of its entry into the Credit Documents, and/or (ii) will not as a consequence thereof be unable to pay its debts within the meaning of that section;

	 
	
5.7

	
(in relation to paragraph 6.7 only, if relevant) that each of the parties to the Credit Documents (other than OFP) is in existence and has full corporate capacity, right, power and authority to enter into and to exercise its rights and perform its obligations under the Credit Documents;

	 
	
5.8

	
(in relation to paragraph 6.7 only, if relevant) that under the laws of the State of New York, USA, each of the Credit Documents constitutes valid, legally binding and enforceable obligations of the parties thereto, including OFP;

	 
	
5.9

	
that none of the parties to the Credit Documents (i) is subject to a court injunction or order which affects its performance of its obligations under the Credit Documents, or (ii) has entered into any of the Credit Documents under duress, undue influence or as a mistake in connection with money laundering or any other unlawful activity;

	 
	
5.10

	
each of the parties to the Credit Documents (other than OFP) is dealing with OFP in good faith and has no knowledge of any irregularity in the corporate procedure followed by OFP or its directors (including, without limitation, any exceeding of the powers of, or any limitation imposed on, OFP or its directors or any breach by such directors of their fiduciary duties);

	 
	
5.11

	
each of the Credit Documents has been entered into for the bona fide commercial reasons of OFP and on arm’s length terms by each of the parties thereto; and the directors of OFP have acted in good faith in the interests of OFP in respect of the Credit Documents.

	 
	
5.12

	
that any copies certified and all documents dated earlier than the date of this letter on which we have expressed reliance remain accurate, complete and in full force and effect at the date of this letter;

	 
	
5.13

	
that there are no provisions of the laws of any applicable jurisdiction outside England which would be contravened by the execution and delivery of the Credit Documents and that, insofar as any obligation under the Credit Documents is to be performed in any jurisdiction outside England, its performance will not be illegal or contrary to public policy by virtue of the laws of that jurisdiction;

	 
	
5.14

5.15

	
the accuracy of the statements contained in the Certificate;

(as regards our opinions in paragraphs 6.5 and 6.6 below) that all Advances made to OFP pursuant to the Credit Agreement will be made by persons who are (i) authorised persons (within the

Exhibit D-2-3

Omnicom: Three Year Credit Agreement

		
	 	
meaning of the Financial Services and Markets Act 2000) who have permission to accept deposits or to effect or carry out contracts of insurance, or (ii) acting in the course of carrying on a business consisting wholly or to a significant extent of lending money, or (iii) otherwise described in paragraph 6(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001; and

	 
	
5.16

	
as regards execution of any Notes, our opinion in paragraph 6.4 below assumes that there will not have been, after the date of the Certificate and prior to the time of such execution, any revocation of the resolutions set out in the Minutes referred to in paragraph 3.2.2 above or any amendment to such resolutions or to the Memorandum or Articles of Association of OFP which in either case is material to that opinion.

	 
	
6

	
Opinion

Based upon and subject to the foregoing, and subject to the qualifications and reservations mentioned below and to any matters not disclosed to us, we are of the following opinion.

	 
	
6.1

	
OFP (i) is duly incorporated and validly existing as a public limited company under the laws of England and Wales; (ii) has the power and authority to own its property and assets and to transact the business in which it is engaged (as such property, assets and business are described in the Certificate); and (iii) is not required to be qualified as a “foreign corporation” in order to do business within England and Wales.

	 
	
6.2

	
The enquiry and review referred to in paragraph 4 above did not reveal any appointment of, or resolution or petition to appoint, a liquidator, administrator or administrative receiver of OFP, or that OFP is delinquent in filing its statutory annual directors’ report and accounts, or any notification by the Registrar of Companies of intention to strike OFP’s name off the Register of Companies.

	 
	
6.3

	
OFP has the corporate power to execute, deliver and perform the terms and provisions of each of the Credit Documents to which it is expressed to be a party and to borrow under the Credit Agreement and has taken all necessary corporate action to authorise the execution, delivery and performance by it of each of such Credit Documents and borrowing by it under the Credit Agreement.

	 
	
6.4

	
OFP has validly executed the Credit Agreement. When the Notes are signed by one of the Directors of OFP, such Notes will have been validly executed by OFP.

	 
	
6.5

	
The execution, delivery and performance by OFP of the Credit Documents to which it is expressed to be a party, the compliance by it with the terms and provisions thereof and the borrowing by it under the Credit Agreement will not (i) contravene any provision of any law, statute, rule or regulation of England and Wales or (ii) violate any provision of the memorandum and articles of association of OFP as currently in force.

	 
	
6.6

	
Under English law, no order, consent, approval, licence, authorisation or validation of, or filing, recording or registration with, or exemption by, any governmental or public body or authority of or in England and Wales (except such as have been obtained or made prior to the date hereof) is required to authorise, or is required in connection with, (i) the execution, delivery and performance by OFP of any Credit Document to which OFP is expressed to be a party, (ii) the borrowing by OFP under the Credit Agreement or (iii) the enforceability of any such Credit Document against OFP.

	 
	
6.7

	
The English courts would recognize and give effect to the choice of the laws of the State of New York, USA, as the governing law of the Credit Documents.

Exhibit D-2-4

Omnicom: Three Year Credit Agreement

				
	
      6.8

    	
      The submission to the jurisdiction of the courts of the
        State of New York, USA, by OFP in the Credit Documents is within the corporate
        powers of OFP and does not contravene any law of England.

    
	 
	
      6.9

    	
      A judgment rendered by a court in the United States has
        no direct operation in England but may be enforceable by a claim or counterclaim
        or be recognised by the English courts as a defence to a claim or as conclusive
        of an issue in an action. For a judgment rendered by a court in the United
        States to be enforced by the English courts it would be necessary to prove
        to the satisfaction of the English court that:-

    
	 
	 	(i)	the United States court had jurisdiction; and
	 
	 	(ii)	the judgment is final and conclusive on the merits;
      and
	 
	 	(iii)	the judgment is for a debt or a fixed sum (not being
      a sum payable in respect of taxes or other charges of a like nature or in
      respect of a fine or other penalty).
	 
	 	
      For a defendant to such a claim to have a good defence
        to a claim or counterclaim to enforce such a judgment, it would be necessary
        for him to prove that:-

    
	 
	 	(1)	the judgment was obtained by fraud; or
	 
	 	(2)	the judgment is contrary to English public policy;
      or
	 
	 	(3)	the judgment involves the enforcement of foreign
      public, penal or revenue laws; or
	 
	 	(4)	enforcement would be contrary to section 5 of the
      Protection of Trading Interests Act 1980 (which prohibits the enforcement
      of (a) judgments for multiple damages; (b) judgments based on a provision
      or rule of law specified by the Secretary of State as being concerned with
      the prohibition or regulation of anti-competitive arrangements or with the
      promotion of competition; and (c) a judgment on a claim for a contribution
      in respect of damages awarded under (a) or (b)); or
	 	
       

    
	 	(5)	the judgment was obtained in a manner opposed to
      the rules of natural justice; or
	 
	 	(6)	the judgment involves a matter previously determined
      by an English court; or
	 
	 	(7)	Recognition of the judgment is denied under section
      32 of the Civil Judgment and Jurisdiction Act 1982. Under section 32 a judgment
      in a United States action shall not be recognised by the English Courts
      if:
	 
	 	 	(a)	the United States action is brought in breach of
      a valid agreement under which the dispute in question was to be settled
      otherwise than by proceedings in the United States; and
	 
	 	 	(b)	the United States action was not brought by or
      with the agreement of, the person against whom the judgment was given; and
	 
	 	 	(c)	that person did not counterclaim in the United
      States action or otherwise submit to the jurisdiction of the United States
      court;
	 
	 	
       

    	Except that section 32 does not apply where the agreement
      under which the dispute in question was to be settled is illegal, void,
      unenforceable or incapable of being performed for reasons not attributable
      to the fault of the party bringing the action.

Exhibit D-2-5

Omnicom: Three Year Credit Agreement

		
	 	
The question of whether enforcement of a judgment is contrary to English public policy (see (2) above) depends on the circumstances of the transaction as a whole and the subsequent conduct of the litigation in the United States and English proceedings. Solely on the basis of our examination of the documents referred to in paragraphs 3.1 to 3.3 (inclusive) above, we are not aware of any reason why enforcement of a judgment to pay a sum of money due under the Credit Agreement would be contrary to English public policy as at the date of this letter.

	 
	
7

	
Qualifications and reservations

Our opinion is subject to the following qualifications and reservations.

	 
	
7.1

	
The opinions in this letter are subject to all laws relating to winding-up, administration, bankruptcy, insolvency, liquidation, reorganisation, moratorium or similar laws affecting creditors’ rights generally.

	 
	
7.2

	
We express no opinion on the effectiveness or enforceability of any of the provisions of the Credit Documents, since the Credit Documents are governed by New York law.

	 
	
7.3

	
The obligations of OFP under the Credit Documents will be subject to any laws from time to time in effect relating to insolvency, administration, bankruptcy, liquidation, reorganisation, moratorium or similar laws affecting creditors’ rights generally and we express no opinion on such laws.

	 
	
7.4

	
The enquiry at the Central Registry of Winding-up Petitions referred to in paragraph 4.1 above relates only to a compulsory winding-up and is not conclusively capable of revealing whether or not a winding-up petition in respect of a compulsory winding-up has been presented since details of the petition may not have been entered on the records of the Central Registry of Winding-up Petitions immediately or, in the case of a petition presented to a County Court, may not have been notified to the Central Registry and entered on such records at all, and the response to an enquiry only relates to the period of six months prior to the date when the enquiry was made.

	 
	
7.5

	
The search of the Companies House website referred to in paragraph 4.2 above is not conclusively capable of revealing whether or not certain events have occurred, including the commencement of winding up or the making of an administration order or the appointment of a receiver, administrative receiver, administrator or liquidator, as notice of these matters may not be filed with Companies House immediately and, when filed, may not be available from such website immediately.

	 
	
7.6

	

The choice of a particular law to govern an agreement or
document would not be recognised or upheld by the English Courts if the choice
of law was not bona fide and legal or if there were reasons for avoiding
the choice of law on the grounds of public policy. The choice of a particular
law would not be upheld, for example, if it was made with the intention of
evading the law of the jurisdiction with which the contract had its most
substantial connection and which, in the absence of the chosen law, would have
invalidated the contract or been inconsistent with it. We have not made any
investigation into the bona fides of the parties to the Credit Documents;
however we are not aware of any reason for an English Court to find that the
choice of New York law to govern the Credit Documents is not bona fide or
not legal, nor are we aware of any English public policy that would be violated
by the enforcement of the Credit Documents in accordance with their respective
terms.

	 
	
7.7

	
We have not considered the particular circumstances of any party to the Credit Documents (save OFP to the extent expressly stated herein) or the effect of such particular circumstances on the Credit Documents or the transactions contemplated thereby.

Exhibit D-2-6

Omnicom: Three Year Credit Agreement

		
	
      7.8

	
English courts can, in their discretion, give judgments in a currency other than sterling if they consider that it is the currency which most fairly expresses the plaintiff’s loss but the judgment may require to be converted into sterling for enforcement purposes.

	 
	
7.9

	
If OFP is required to deposit cash collateral into the L/C Cash Deposit Account in accordance with Section 6.02 of the Credit Agreement, then it may be necessary or advisable to arrange for a registration to be made at Companies House to note the security interest in such funds.

	 
	
7.10

	
Any undertaking or indemnity to assume liability for non-payment or insufficiency of United Kingdom stamp duty on any instrument is void under section 117 of the Stamp Act 1891.

	 
	
7.11

	
An English court will not necessarily grant any remedy the availability of which is subject to equitable considerations or which is otherwise in the discretion of the court; in particular, orders for specific performance and injunctions are, in general, discretionary remedies under English law and neither remedy is ordinarily available where damages are considered by the court to be an adequate alternative remedy.

	 
	
7.12

	
An English court has power to stay an action where it is shown that there is some other forum, having competent jurisdiction, which is more appropriate for the trial of the action, in other words in which the case can be tried more suitably for the interests of all the parties and the ends of justice, or where staying the action is not inconsistent with the EU Council Regulation no 44/2001 on Jurisdiction and the Enforcement of Judgments in Civil and Commercial Matters as applied by virtue of the Civil Jurisdiction and Judgments Order 2001.

Exhibit D-2-7

Omnicom: Three Year Credit Agreement

		
	
      8

	
Reliance

This opinion may be relied on solely by the addressees and may not be regarded as addressed to or capable of being relied on by any other person (save the addressees’ successors and assigns) without our prior written consent. It is strictly limited to the matters stated herein and does not extend to, and is not to be read as extending by implication to, any other matter in connection with the Credit Documents.

Yours faithfully

 

Macfarlanes LLP

Exhibit D-2-8

Omnicom: Three Year Credit Agreement

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