August 11, 1994 Mr. Howard F. Bascom, Jr. The Bank of New York One Wall Street New York, NY 10286 RE: CREDIT AGREEMENT BETWEEN THE INTERPUBLIC GROUP OF COMPANIES, INC. AND THE BANK OF NEW YORK Dear Howard: We are writing to you in connection with the Credit Agreement between The Interpublic Group of Companies, Inc. and the Bank of New York dated September 30, 1992 and effective as of December 30, 1992. Section 2.13 of the Credit Agreement provides that the Borrower may request extension of the Commitment under the Agreement for an additional period of one year from the then current Termination Date. We hereby request you to extend the Termination Date to September 30, 1996. If you are agreeable to our request, please so indicate by signing and returning the duplicate copy of this letter which we have enclosed herewith. Thanks. Sincerely, ALAN M. FORSTER ALAN M. FORSTER ACCEPTED & AGREED: THE BANK OF NEW YORK By: HOWARD F. BASCOM, JR. HOWARD F. BASCOM, JR. Date: 9/20/94 cc: Mr. Kenneth E. Dutcher Ms. Barbara S. Gmora Ms. Marti M. Spears