September 20, 1996 Ms. Phyllis Karno Swiss Bank Corporation P.O. Box 395 Church Street Station New York, NY 10008 RE: CREDIT AGREEMENT BETWEEN THE INTERPUBLIC GROUP OF COMPANIES, INC. AND SWISS BANK CORPORATION Dear Phyllis: We are writing to you in connection with the Credit Agreement between The Interpublic Group of Companies, Inc. and Swiss Bank Corporation dated September 30, 1992 and effective as of December 18, 1992 (the "Agreement"). Section 2.13 of the 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. Notwithstanding the dates specified in Section 2.13 of the Agreement for requesting such extension, we hereby request that you extend the Termination Date of the Agreement to December 1, 1998. 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. Thank you. Sincerely, Alan M. Forster Vice President & Treasurer ACCEPTED & AGREED SWISS BANK CORPORATION By: Sabina Wu - Director of Credit Risk Management, N.A. By: Karen Mayrose - Associate Director Banking Finance Support Date: Undated cc: Mr. Kenneth E. Dutcher Ms. Barbara S. Gmora Ms. Regina E. Dooley