Credit Agreement Waiver

CONSIDERING that, in accordance with the credit agreement, lenders have agreed to grant and proceed with certain loans and other credit renewals to borrowers; CONSIDERING that lenders are willing to accept such a departure from the conditions set out in it; II. Waiver. Lenders heres than not in events of delay or delay resulting from insurance or warranty that was made or deemed to be erroneous by or on behalf of the company in or in relation to the 2010 annual accounts or in a certificate currently provided as part of the 2010 Annual Accounts (only because of the right to reversion or other technical adjustments that do not have a significant impact. 2010 global financial statements; no longer applies if the revised 2010 annual accounts are not notified to the administrator on or before May 15, 2011. NOW THEREFORE, in view of the premises and reciprocal alliances contained in it, which have been signed herein: JPMORGAN CHASE BANK, N.A., LONDON BRANCH, as European Collateral Agent I. Defined Terms. The wholesale terms that are used here, but are not defined differently, have the meanings attributed to them in the credit contract. The email address cannot be subscribed. Please, do it again. IV. Representations and guarantees.

Borrowers here and above assure that (a) after this waiver, each of the insurances and guarantees contained in the credit agreement is true and correct on all essential points, as if they were provided on the date and from the date of the waiver `validity` (unless these assurances and guarantees relate to an earlier date , in this case these assurances and guarantees are valid and correct on all essential points at the time of the previous date) and (b) after the deposit) b) this waiver will not have taken place late or delayed and will continue. CONSIDERING that borrowers have requested the cancellation of certain defaults or defaults under the credit agreement and other credit documents relating to the 2010 financial statements, in accordance with the 2010 financial statements set out in the 2010 financial statements; There you go. Learn more about FindLaw`s newsletter, including our terms of use and privacy policies. CONSIDERING that the Company intends to reissue its annual accounts for the second, third and fourth quarters 2010 and 2010 (cumulative of the “2010 Annual Accounts”), as the Company was denied a readmission application for certain net operating losses that it had claimed under the 2009 American Recovery and Re-Investment Act, which, as noted in the 2010 financial failures, , led to a tax benefit to the company of approximately $80,000,000 (the “carry back entitle”); WAIVER (this “Waiver” of March 30, 2011, in the credit agreement of September 26, 2008 (as amended or amended so far, the “credit agreement”), under Office Depot, Inc., Office Depot International (UK) Ltd., Office Depot UK Ltd., Office Depot International B.V., Office Depot B.V., OD International (Luxembourg) Finance S.