Exhibit 10.2

Execution Version

AMENDMENT NO. 1 TO CREDIT AGREEMENT

This AMENDMENT NO. 1 TO CREDIT AGREEMENT (this “Amendment”) is made as of
October 26, 2015 among Baxter Healthcare SA, a corporation duly organized and
existing under the laws of Switzerland (“Baxter Healthcare SA”), Baxter World
Trade SPRL, a corporation duly organized and existing under the laws of Belgium
(“Baxter World Trade SPRL”) (Baxter Healthcare SA and Baxter World Trade SPRL
are each individually a “Borrower” and collectively, the “Borrowers), J.P.
Morgan Europe Limited, as administrative agent under the hereinafter defined
Credit Agreement (the “Administrative Agent”), the other financial institutions
signatory hereto and, solely for purposes of Section 8 hereof, Baxter
International Inc., a Delaware corporation.

R E C I T A L S:

A. The Borrowers, the Administrative Agent and the Banks are party to a Credit
Agreement dated as of July 1, 2015 (the “Credit Agreement”).

B. The Borrowers, the Administrative Agent and the undersigned Banks wish to
amend the Credit Agreement on the terms and conditions set forth below.

Now, therefore, in consideration of the mutual execution hereof and other good
and valuable consideration, the parties hereto agree as follows:

1. Definitions. Unless otherwise specified herein, all capitalized terms used
herein shall have the meanings specified in the Credit Agreement.

2. Amendment to Credit Agreement. Upon the Effective Time (as defined below),
the definition of “Change of Control” in Section 1.01 of the Credit Agreement is
amended in its entirety to read as follows:

“Change of Control” means (a) the acquisition of ownership, directly or
indirectly, beneficially or of record, by any Person or group (within the
meaning of the Exchange Act and the rules of the SEC thereunder as in effect on
the date hereof) of fifty percent (50%) or more of the aggregate ordinary voting
power represented by the issued and outstanding Equity Interests of the
Guarantor or (b) the acquisition of ownership, directly or indirectly,
beneficially or of record, by any Person or group (within the meaning of the
Exchange Act and the rules of the SEC thereunder as in effect on the date
hereof), other than the Guarantor or any of its Wholly-Owned Subsidiaries, of
fifty percent (50%) or more of the aggregate ordinary voting power represented
by the issued and outstanding Equity Interests of a Borrower.

3. Representations and Warranties of the Borrowers. Each Borrower represents and
warrants that:

(a) the execution, delivery and performance by such Borrower of this Amendment
have been duly authorized by all necessary corporate action and that this
Amendment is a legal, valid and binding obligation of such Borrower enforceable
against such Borrower in accordance with its terms, except as the enforcement
thereof may be subject to the effect of any applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting creditors’ rights
generally; and

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(b) no Event of Default or Unmatured Event of Default has occurred and is
continuing.

4. Effective Time. This Amendment shall become effective on the date (the
“Effective Time”) upon the execution and delivery hereof by the Borrowers,
Baxter International Inc., the Administrative Agent and the Majority Banks.

5. Miscellaneous.

(a) Except as specifically amended above, the Credit Agreement and the other
Loan Documents shall remain in full force and effect and are hereby ratified and
confirmed.

(b) The execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy of the Administrative Agent or
any Bank under the Credit Agreement or any other Loan Document, or constitute a
waiver of any provision of the Credit Agreement or any other Loan Document. Upon
the effectiveness of this Amendment, each reference in the Credit Agreement to
“this Agreement”, “hereunder”, “hereof”, “herein” or words of similar import
shall mean and be a reference to the Credit Agreement as amended hereby.

(c) Section headings in this Amendment are included herein for convenience of
reference only and shall not constitute a part of this Amendment for any other
purposes.

(d) This Amendment may be executed in any number of counterparts, each of which
when so executed shall be deemed an original but all such counterparts shall
constitute one and the same instrument. Delivery of an executed signature page
of this Amendment by facsimile transmission or other electronic transmission
shall be effective as delivery of manually executed counterpart hereof.

(e) This Amendment is a Loan Document.

6. Costs and Expenses. Each Borrower hereby affirms its obligation under
Section 11.04 of the Credit Agreement to reimburse the Administrative Agent for
all reasonable and documented out-of-pocket expenses incurred by the
Administrative Agent in connection with the preparation, negotiation, execution
and delivery of this Amendment, including but not limited to the reasonable and
documented fees, charges and disbursements of attorneys for the Administrative
Agent with respect thereto.

7. Governing Law. This Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York.

 

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8. Reaffirmation. Baxter International Inc. hereby (a) consents to this
Amendment and each of the transactions referenced herein, (b) reaffirms its
obligations under the Guaranty and (c) agrees that all references in any Loan
Document to the “Credit Agreement” shall hereafter mean and be a reference to
the Credit Agreement as amended by this Amendment.

[signature pages follow]

 

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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date and
year first above written.

 

BAXTER HEALTHCARE SA By:  

/s/ Marcel Fausch

Name:   Marcel Fausch Title:   Authorized Representative By:  

/s/ Justin Azzopardi

Name:   Justin Azzopardi Title:   Authorized Representative BAXTER WORLD TRADE
SPRL By:  

/s/ David P. Scharf

Name:   David P. Scharf Title:   Authorized Representative

 

Signature page to Baxter Healthcare First Amendment

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BAXTER INTERNATIONAL INC. By:  

/s/ David P. Scharf

Name:   David P. Scharf Title:   Corporate Vice President and General Counsel

 

Signature page to Baxter Healthcare First Amendment

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J.P. MORGAN EUROPE LIMITED, as Administrative Agent By:  

/s/ Belinda Lucas

Name:   Belinda Lucas Title:   Associate

 

Signature page to Baxter Healthcare First Amendment

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JPMORGAN CHASE BANK, N.A., LONDON BRANCH, as a Bank By:  

/s/ Alastair Stevenson

Name:   Alastair Stevenson Title:   Managing Director

 

Signature page to Baxter Healthcare First Amendment

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CITIBANK, N.A., London Branch By  

/s/ Laura Fogarty

  Name: Laura Fogarty   Title: Vice President

 

Signature page to Baxter Healthcare First Amendment

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DEUTSCHE BANK AG, LONDON BRANCH By  

/s/ Julian Puddick

  Name: Julian Puddick   Title: Director By  

/s/ Paul Hogan

  Name: Paul Hogan   Title: Vice President

 

Signature page to Baxter Healthcare First Amendment

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Bank of America, N.A. By  

/s/ Joseph L. Corah

  Name: Joseph L. Corah   Title: Director

 

Signature page to Baxter Healthcare First Amendment

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BARCLAYS BANK PLC By  

/s/ T. Pham

  Name: T. Pham   Title: Director

 

Signature page to Baxter Healthcare First Amendment

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CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH By  

/s/ Christopher Day

  Name: Christopher Day   Title: Authorized Signatory By  

/s/ Karim Rahimtoola

  Name: Karim Rahimtoola   Title: Authorized Signatory

 

Signature page to Baxter Healthcare First Amendment

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DANSKE BANK A/S    

By /s/ Merete Ryvald-Christensen

  Name: Merete Ryvald-Christensen   Title: Chief Loan Manager By  

/s/ Gerg Carstens

  Name: Gert Carstens   Title: Senior Loan Manager

 

Signature page to Baxter Healthcare First Amendment

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UBS AG, Stamford Branch By  

/s/ Denis Bushee

  Name: Denise Bushee   Title: Associate Director By  

/s/ Craig Pearson

  Name: Craig Pearson   Title: Associate Director

 

 

Signature page to Baxter Healthcare First Amendment