Exhibit 10.1

EXECUTION VERSION

EXTENSION AGREEMENT

Dated as of September 3, 2017

for

U.S. $1,500,000,000

CREDIT AGREEMENT

Dated as of September 3, 2015

Among

APPLIED MATERIALS, INC.,

as Borrower,

THE LENDERS FROM TIME TO TIME PARTY THERETO

and

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

 

 

CITIGROUP GLOBAL MARKETS INC.

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

Syndication Agents,

BNP PARIBAS

CREDIT SUISSE SECURITIES (USA) LLC

GOLDMAN SACHS BANK USA

MIZUHO BANK, LTD.

WELLS FARGO BANK, NATIONAL ASSOCIATION

U.S. BANK NATIONAL ASSOCIATION

Documentation Agents

J.P. MORGAN SECURITIES LLC

CITIGROUP GLOBAL MARKETS INC.

and

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

Joint Lead Arrangers and Joint Bookrunners

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EXTENSION AGREEMENT

EXTENSION AGREEMENT (this “Agreement”), dated as September 3, 2017, for the
Credit Agreement, dated as of September 3, 2015 (as amended, restated, amended
and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among Applied Materials, Inc. (the “Borrower”), the lenders from
time to time party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as
administrative agent for the Lenders (in such capacity, the “Administrative
Agent”).

The parties hereto agree as follows:

SECTION 1. Defined Terms. Capitalized terms used but not defined herein shall
have the meanings given to them in the Credit Agreement.

SECTION 2. Extension. Each of the undersigned Lenders hereby agrees to extend
the Termination Date with respect to such Lender, pursuant to Section 2.20 of
the Credit Agreement, to September 3, 2021.

SECTION 3. Effectiveness. This Agreement shall become effective on and as of
September 3, 2017 (the “Extension Date”), subject only to:

(a)    receipt by the Administrative Agent from the Borrower and the Lenders
parties hereto, who constitute the Required Lenders, of a counterpart of this
Agreement signed on behalf of such parties;

(b)    the conditions precedent set forth in Section 3.03 of the Credit
Agreement being satisfied on and as of the Extension Date; and

(c)    receipt by the Administrative Agent of fees for the accounts of Lenders
as heretofore mutually agreed.

SECTION 4. Representations and Warranties. The Borrower hereby represents and
warrants that the statements set forth in Section 3.03(a)(i) and
Section 3.03(a)(ii) of the Credit Agreement are true and correct on and as of
the Extension Date with respect to this Agreement and to the Credit Agreement as
amended hereby.

SECTION 5. Reference to and Effect Upon the Credit Agreement.

(a)    The execution, delivery and effectiveness of this Agreement shall not,
except as expressly provided herein, operate as a waiver of any right, power or
remedy of any Lender or the Administrative Agent under any of the Loan
Documents, nor constitute a waiver of any provision of any of the Loan
Documents. On and as of the Extension Date, this Agreement shall for all
purposes constitute a Loan Document.

 

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(b)    On and as of the Extension Date, (i) each reference in the Credit
Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import
referring to the Credit Agreement shall mean and be a reference to the Credit
Agreement, as amended by this Agreement.

(c)    The Credit Agreement and each of the other Loan Documents, as
specifically amended by this Agreement, are and shall continue to be in full
force and effect and are hereby in all respects ratified and confirmed.

SECTION 6. Governing Law. This Agreement shall be construed in accordance with
and governed by the laws of the State of New York.

SECTION 7. Counterparts. This Agreement may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument. Delivery of an
executed counterpart hereof by facsimile or electronic transmission (e.g., “pdf”
or “tif”) shall be as effective as delivery of a manually executed counterpart
hereof.

[Remainder of page intentionally left blank]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed as of the date first set forth above.

 

APPLIED MATERIALS, INC. By:  

       /s/ Robert M. Friess

  Name:   Robert M. Friess   Title:   Vice President and Treasurer

 

[Signature Page to Extension Agreement – Applied Materials (2017)]

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JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and a Lender

By:  

       /s/ Timothy D. Lee

  Name:   Timothy D. Lee   Title:   Vice President

 

[Signature Page to Extension Agreement – Applied Materials (2017)]

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Citibank, N.A.,

as a Lender

By:  

       /s/ Carmen-Christina Kelleher

  Name:   Carmen-Christina Kelleher   Title:   Vice President

 

[Signature Page to Extension Agreement – Applied Materials (2017)]

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The Bank of Tokyo-Mitsubishi UFJ, Ltd.,

as a Lender

By:  

       /s/ Lillian Kim

  Name:   Lillian Kim   Title:   Director

 

[Signature Page to Extension Agreement – Applied Materials (2017)]

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BNP Paribas,

as a Lender

By:  

       /s/ Gregory Paul

  Name:   Gregory Paul   Title:   Managing Director By:  

       /s/ Liz Cheng

  Name:   Liz Cheng   Title:   Vice President

 

[Signature Page to Extension Agreement – Applied Materials (2017)]

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CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

as a Lender

By:  

       /s/ Christopher Day

  Name:   Christopher Day   Title:   Authorized Signatory By:  

       /s/ Tino Schaufelberger

  Name:   Tino Schaufelberger   Title:   Authorized Signatory

 

[Signature Page to Extension Agreement – Applied Materials (2017)]

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GOLDMAN SACHS BANK USA,

as a Lender

By:  

       /s/ Rebecca Kratz

  Name:   Rebecca Kratz   Title:   Authorized Signatory

 

[Signature Page to Extension Agreement – Applied Materials (2017)]

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MIZUHO BANK, LTD.,

as a Lender

By:  

       /s/ Daniel Guevara

  Name:   Daniel Guevara   Title:   Authorized Signatory

 

[Signature Page to Extension Agreement – Applied Materials (2017)]

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U.S. BANK NATIONAL ASSOCIATION,

as a Lender

By:  

       /s/ Matt S. Scullin

  Name:   Matt S. Scullin   Title:   Vice President

 

[Signature Page to Extension Agreement – Applied Materials (2017)]

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Wells Fargo Bank, N.A.,

as a Lender

By:  

       /s/ Dhiren Desai

  Name:   Dhiren Desai   Title:   Vice President

 

[Signature Page to Extension Agreement – Applied Materials (2017)]

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THE BANK OF NEW YORK MELLON,

as a Lender

By:  

       /s/ John T. Smathers

  Name:   John T. Smathers   Title:   Director

 

[Signature Page to Extension Agreement – Applied Materials (2017)]

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KEYBANK NATIONAL ASSOCIATION,

as a Lender

By:  

       /s/ Geoff Smith

  Name:   Geoff Smith   Title:   Senior Vice President

 

[Signature Page to Extension Agreement – Applied Materials (2017)]