Third Amendment to Credit Agreement

Exhibit 10.30

THIRD AMENDMENT TO CREDIT AGREEMENT

THIS THIRD AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into as of February 1, 2005, by and between CORIO, INC., a Delaware corporation (“Borrower”), and WELLS FARGO BANK, NANONAL ASSOCIATION (“Bank”).

RECITALS

WHEREAS, Borrower is currently indebted to Bank pursuant to the terms and conditions of that certain Credit Agreement between Borrower and Bank dated as or March 17, 2004, as amended from time to time (“Credit Agreement”).

WHEREAS, on January 25, 2004, IBM Corp. (“IBM”) announced that it and Corio had entered into a definitive agreement for IBM to acquire Borrower. Such intended acquisition is referred to as the “IBM Acquisition.”

WHEREAS, Bank and Borrower have agreed to make certain changes in the terms and conditions set forth in the Credit Agreement and have agreed to amend the Credit Agreement to reflect said changes.

NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree that the Credit Agreement shall be amended as follows, effective as of the date hereof.

1. Section 4.9(b) is hereby deleted in its entirety, and the following substituted therefor:

"(b) Liquidity (defined as cash and readily marketable securities acceptable to Bank which are unencumbered except in favor of Bank and which are maintained at Bank or an affiliate of Bank, but excluding therefrom Borrower’s Market Rate account #7735-113990 maintained at Bank) in amounts at all times in excess of $15,000,000.00 until the EBITDA Coverage Ratio (as defined below) is 1.50 to 1.00 or greater determined as of the end of four (4) consecutive fiscal quarters, with each such determination made on a rolling four quarter basis. Thereafter, Borrower shall maintain an EBITDA Coverage Ratio of not less than 1.50 to 1.0, determined as of the end of each fisca1 quarter on a rolling four quarter basis, with “EBITDA” defined as net profit before tax plus interest expense (net of capitalized Interest expense), depreciation expense, amortization expense and non-cash restructuring expenses, and with “EBITA Coverage Ratio” defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.”

2. The following are added to the Credit Agreement as Events of Default:

     “1.      Borrower or IBM shall publicly announce that the IBM Acquisition shall not occur at all or until after May 31, 2005.”

     “2.      The IBM Acquisition does not occur on or before May 31, 2005.”

3. Conditions Precedent. In consideration of the changes set forth herein and as a condition to the effectiveness hereof, immediately upon signing this Amendment Borrower shall pay to Bank a non-refundable amendment fee of Five Hundred Dollars ($500.00) and Bank’s attorneys’ fees and expenses of Four Hundred Fifty Dollars ($450.00).

4. Reservation of Rights. Borrower acknowledges and agrees that the execution and delivery by Bank of this Amendment shall not be deemed to create a course of dealing or otherwise obligated Bank to forbear or execute similar amendments under the same or similar circumstances in the future. Except as expressly provided in this Amendment, Bank reserves all of its rights and remedies regarding the Credit Agreement and the other Loan Documents executed in connection therewith.

5. Miscellaneous. Except as specifically provided herein, all terms and conditions of the Credit Agreement remain in full force and effect, without waiver or modification. All terms defined in the Credit Agreement shall have the same meaning when used in this Amendment. This Amendment and the Credit Agreement shall be read together, as one document. Delivery of an executed counterpart of a signature page of this Amendment by telefacsimile transmission shall be as effective as delivery of a manually executed counterpart hereof.

6. Reaffirmation; Certification. Borrower hereby remakes all representations and warranties contained in the Credit Agreement and reaffirms all covenants set forth therein. Borrower further certifies that as of the date of this Amendment, there exists no Event of Default as defined in the Credit Agreement, nor any condition, act or event which with the giving of notice or the passage of time or both would constitute any such Event or Default.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the day and year first written above.