Exhibit 10.17

AMENDMENT NO. 1 TO 364-DAY CREDIT AGREEMENT

This Amendment No. 1 to 364-Day Credit Agreement (this “Amendment Agreement”) is
dated as of June 3, 2013 by and among Baxter International Inc., a Delaware
corporation (the “Borrower”), the other financial institutions signatory hereto,
and JPMorgan Chase Bank, N.A., as administrative agent on behalf of the Banks
(the “Administrative Agent”).

W I T N E S S E T H :

WHEREAS, the Borrower, the financial institutions that are parties thereto as
“Banks”, and the Administrative Agent entered into that certain 364-Day Credit
Agreement dated as of January 25, 2013 (the “Credit Agreement”); and

WHEREAS, the Banks and the Administrative Agent have agreed to amend the Credit
Agreement to effect a certain change thereto requested by the Borrower as set
forth herein.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree as follows:

1. Defined Terms. Capitalized terms used herein and not otherwise defined herein
shall have the meanings attributed to such terms in the Credit Agreement, as
amended hereby.

2. Amendment to Credit Agreement. The definition of “Commitment Termination
Date” set forth in Section 1.01 of the Credit Agreement is hereby amended in its
entirety, as follows:

“Commitment Termination Date” means August 31, 2013.

3. Effectiveness. This Amendment Agreement shall become effective (the
“Amendment Effective Date”):

(i) upon the execution of this Amendment Agreement by the Borrower, the
Administrative Agent and the Banks party to the Credit Agreement; and

(ii) upon delivery by the Borrower to the Administrative Agent of evidence
reasonably satisfactory to the Administrative Agent that the Long Stop Date (as
defined in the Share Purchase Agreement) shall have been defined as August 31,
2013.

4. Representations and Warranties of the Borrower. The Borrower represents and
warrants that:

(a) The execution, delivery and performance of this Amendment Agreement (i) are
within the Borrower’s corporate powers, have been duly authorized by all
necessary corporate action and (ii) do not contravene (i) the Borrower’s charter
or by-laws or (ii) any law or any contractual restriction binding on or
affecting the Borrower.

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(b) No authorization or approval or other action by, and no notice to or filing
with, any Governmental Authority or regulatory body is required for the due
execution, delivery and performance by the Borrower of this Amendment Agreement.

(c) This Amendment Agreement constitutes the legal, valid and binding obligation
of the Borrower enforceable against the Borrower in accordance with its terms,
subject to the effect of any applicable bankruptcy, insolvency, reorganization,
moratorium or similar law affecting creditors’ rights generally and to the
effect of general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law).

(d) The representations and warranties of the Borrower contained in the Credit
Agreement are true and correct in all material respects at and as of the
Amendment Effective Date (except to the extent such representations and
warranties specifically refer to an earlier date, in which case they shall be
true and correct in all material respects as of such earlier date).

(e) Both before and after giving effect to this Amendment Agreement, no Event of
Default or Unmatured Event of Default will exist or will be continuing.

5. Reference to and Effect on the Credit Agreement.

(a) Upon the effectiveness of this Amendment Agreement, each reference in the
Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words
of like import and each reference to the Credit Agreement in each Note shall
mean and be a reference to the Credit Agreement as amended hereby.

(b) Except as specifically set forth above, all of the terms, conditions and
covenants of the Credit Agreement shall remain unaltered and in full force and
effect and shall be binding upon the Borrower in all respects and are hereby
ratified and confirmed.

(c) Except as specifically set forth above, the execution, delivery and
effectiveness of this Amendment Agreement shall not operate as a waiver of
(i) any right, power or remedy of any Bank or the Administrative Agent under the
Credit Agreement or any of the Notes, or (ii) any Event of Default or Unmatured
Event of Default under the Credit Agreement.

6. CHOICE OF LAW. THIS AMENDMENT AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF NEW YORK.

7. Expenses. The Borrower hereby affirms its obligation under Section 9.04 of
the Credit Agreement to reimburse the Administrative Agent for all reasonable
and documented out-of-pocket costs and expenses incurred by the Administrative
Agent in connection with the preparation, negotiation, execution and delivery of
this Amendment Agreement, including but not limited to the reasonable and
documented fees and out-of-pocket expenses of one firm of attorneys retained as
counsel for the Administrative Agent with respect thereto.

 

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8. Execution in Counterparts. This Amendment Agreement may be executed in any
number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same agreement.

9. Headings. Section headings in this Amendment Agreement are included herein
for convenience of reference only and shall not constitute a part of this
Amendment Agreement for any other purposes.

[signature pages follow]

 

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IN WITNESS WHEREOF, the Borrower, the Administrative Agent and the Banks have
executed this Amendment Agreement as of the date first above written.

 

BAXTER INTERNATIONAL INC. By:  

/s/ James K. Saccaro

Name:   James K. Saccaro Title:   Corporate Vice President and Treasurer

 

Signature Page to

Amendment No. 1 to 364-Day Credit Agreement

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JPMORGAN CHASE BANK, N.A., as Administrative Agent and a Bank By:  

/s/ Anthony K. Eastman

By:   Anthony K. Eastman Title:   Vice President

 

Signature Page to

Amendment No. 1 to 364-Day Credit Agreement

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BANK OF AMERICA, N.A., as a Bank By:  

/s/ Zubin Shroff

By:   Zubin Shroff Title:   Director

 

Signature Page to

Amendment No. 1 to 364-Day Credit Agreement

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CITIBANK, N.A., as a Bank By:  

/s/ Zafar Khan

By:   Zafar Khan Title:   Vice President

 

Signature Page to

Amendment No. 1 to 364-Day Credit Agreement

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CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Bank By:  

/s/ Kevin Buddhdew

By:   Kevin Buddhdew Title:   Authorized Signatory By:  

/s/ Tyler R. Smith

By:   Tyler R. Smith Title:   Authorized Signatory

 

Signature Page to

Amendment No. 1 to 364-Day Credit Agreement

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DEUTSCHE BANK AG CAYMAN ISLANDS BRANCH, as a Bank By:  

/s/ Ming Chu

By:   Ming Chu Title:   Vice President By:  

/s/ Virginia Cosenza

By:   Virginia Cosenza Title:   Vice President

 

Signature Page to

Amendment No. 1 to 364-Day Credit Agreement

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UBS AG Stamford Branch, as a Bank By:  

/s/ Lana L. Gifas

By:   Lana L. Gifas Title:   Director By:  

/s/ Kenneth Chin

By:   Kenneth Chin Title:   Director

 

Signature Page to

Amendment No. 1 to 364-Day Credit Agreement

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THE ROYAL BANK OF SCOTLAND PLC, as a Bank By:  

/s/ William McGinty

By:   William McGinty Title:   Director

 

Signature Page to

Amendment No. 1 to 364-Day Credit Agreement

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BANK OF TOKYO - MITSUBISHI UFJ, LTD., as a Bank By:  

/s/ Jamie Sussman

By:   Jamie Sussman Title:   VP

 

Signature Page to

Amendment No. 1 to 364-Day Credit Agreement

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BARCLAYS BANK PLC, as a Bank By:  

/s/ Christopher R. Lee

By:   Christopher R. Lee Title:   Assistant Vice President

 

Signature Page to

Amendment No. 1 to 364-Day Credit Agreement

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HSBC BANK USA, N.A., as a Bank By:  

/s/ Andrew Bicker

By:   Andrew Bicker Title:   Senior Vice President

 

Signature Page to

Amendment No. 1 to 364-Day Credit Agreement

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MIZUHO CORPORATE BANK, LTD., as a Bank By:  

/s/ Bertram Tang

By:   Bertram Tang Title:   Authorized Signatory

 

Signature Page to

Amendment No. 1 to 364-Day Credit Agreement