JPMorgan Chase Bank Letter Approving Amendment to Financial Covenant Calculation for Find SVP, Inc. Promissory Note

Summary

JPMorgan Chase Bank confirms to Find SVP, Inc. that it has approved an amendment to the definition of Consolidated Current Liabilities for the calculation of a key financial ratio under Find's Amended and Restated Term Promissory Note dated July 1, 2003. Specifically, unearned retainer income will be excluded from this calculation. The bank also approves Find's computation of its other financial covenants as of June 30, 2003. This letter documents the bank's consent to these changes.

EX-10.1 3 c29036_ex10-1.txt Exhibit 10.1 [JPMORGAN LOGO] STEPHEN J. SZANTO Vice President August 18, 2003 Find SVP, Inc. 625 Avenue of the Americas New York, NY 10011 Attention: Peter Stone, Chief Financial Officer Re: Amended and Restated Grid and Time Promissory Notes Dated April 1, 2003 Dear Mr. Stone: This letter will confirm that Chase has approved the amendment of the definition of Consolidated Current Liabilities, for the purposes of calculating the ratio of current assets to current liabilities as per Section 13B of Find's Amended and Restated Term Promissory Note dated July 1, 2003 (the "Term Note") to exclude unearned retainer income. In addition, Chase approves FIND's computation of its other financial covenants under the Term Note as of June 30, 2003. Very truly yours, /s/Stephen J. Szanto JPMorgan Chase Bank 1166 Avenue of the Americas, Floor 15, New York, NY 10036 Telephone: 212 ###-###-#### Facsimile: 212 ###-###-#### stephen j. ***@***