Compaq Computer Corporation Notice of Ratable Commitment Reduction under Revolving Credit Agreement with Bank of America

Summary

Compaq Computer Corporation has notified Bank of America that, effective December 7, 2001, the total commitment under their existing revolving credit facility will be reduced from $2.25 billion to $2.0 billion. This change is made in accordance with the terms of their credit agreement dated September 22, 1997. Bank of America is instructed to apply the reduction proportionally to all commitments under the facility and to inform the other banks in the lending group of this change.

EX-10.1 3 h96143ex10-1.txt LETTER RE NOTICE COMMITMENT REDUCTION TO CREDIT EXHIBIT 10.1 [COMPAQ COMPUTER CORPORATION LETTERHEAD] DATE: 12/4/01 TO: Matthew Gabel Bank of America FROM: Ben K. Wells Compaq Computer Corporation REF: RATABLE REDUCTION OF COMMITMENT IN MULTIYEAR FACILITY ================================================================================ This notice is delivered pursuant to the terms of section 2.07 of the existing Revolving Credit Agreement dated September 22, 1997. Effective Friday, December 7, 2001, the existing facility will be reduced from the current $2.25 billion to an aggregate $2.0 billion. Apply the required ratable reduction to all commitments under this facility, and notify the bank group of this change in commitment status. Regards, /s/ BEN K. WELLS - ----------------------------------- Ben K. Wells Vice President, Corporate Treasurer