Exhibit 10.1

EXECUTION COPY

AMENDMENT NO. 1

Dated as of July 17, 2017

to

CREDIT AGREEMENT

Dated as of December 12, 2016

THIS AMENDMENT NO. 1 (this “Amendment”) is made as of July 17, 2017 by and among
NetApp, Inc., a Delaware corporation (the “Borrower”), the financial
institutions listed on the signature pages hereof and JPMorgan Chase Bank, N.A.,
as Administrative Agent (the “Administrative Agent”), under that certain Credit
Agreement dated as of December 12, 2016 by and among the Borrower, the Lenders
and the Administrative Agent (as amended, restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”). Capitalized terms used
herein and not otherwise defined herein shall have the respective meanings given
to them in the Credit Agreement.

WHEREAS, the Borrower has requested that the requisite Lenders and the
Administrative Agent agree to provide additional revolving commitments under,
and make certain amendments to, the Credit Agreement;

WHEREAS, the Borrower, the Lenders party hereto and the Administrative Agent
have so agreed on the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the premises set forth above, the terms and
conditions contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Borrower, the
Lenders party hereto and the Administrative Agent hereby agree to enter into
this Amendment.

1. Amendments to the Credit Agreement. Effective as of the Amendment No. 1
Effective Date (as defined below), the parties hereto agree that the Credit
Agreement is hereby amended as follows:

(a) Section 1.01 of the Credit Agreement is hereby amended to add the following
definition thereto in the appropriate alphabetical order:

““Amendment No. 1 Effective Date” means July 17, 2017.”

(b) The definition of “Commitment” appearing in Section 1.01 of the Credit
Agreement is hereby amended to insert a new sentence at the end thereof as
follows:

“The aggregate principal amount of the Commitments on the Amendment No. 1
Effective Date is $1,000,000,000.”

(c) Schedule 2.01A to the Credit Agreement is hereby amended and restated in its
entirety in the form of Schedule 2.01A attached hereto.

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2. Conditions of Effectiveness. The effectiveness of this Amendment (the
“Amendment No. 1 Effective Date”) is subject to the following conditions
precedent:

(a) The Administrative Agent shall have received counterparts of this Amendment
duly executed by the Borrower, the Required Lenders (including each existing
Lender (if any) whose Commitment is increasing pursuant to the terms of this
Amendment) and the Administrative Agent.

(b) The Administrative Agent shall have received a favorable written opinions
(addressed to the Administrative Agent and the Lenders and dated the Amendment
No. 1 Effective Date) of (i) Wilson Sonsini Goodrich & Rosati, P.C., special
financing counsel for the Borrower and (ii) Skadden, Arps, Slate, Meagher & Flom
LLP, special securities counsel for the Borrower, in each case in form and
substance reasonably satisfactory to the Administrative Agent and its counsel
and covering such matters relating to the Borrower, the Loan Documents, this
Amendment or the Transactions as the Administrative Agent shall reasonably
request. The Borrower hereby requests such counsels to deliver such opinions.

(c) The Administrative Agent shall have received (i) a certificate signed by a
Financial Officer of the Borrower certifying that, after giving effect to this
Amendment, (A) the Borrower is in compliance (on a pro forma basis assuming the
increased Commitments have been fully drawn as Revolving Loans) with the
covenants contained in Section 6.05 of the Credit Agreement for the fiscal year
ended April 28, 2017, (B) the representations and warranties of the Borrower set
forth in the Credit Agreement (as amended by this Amendment) (other than the
representations and warranties contained in Section 3.04(b) and Section 3.06(a))
are true and correct in all material respects (except that any representation
and warranty that is qualified by materiality or Material Adverse Effect shall
be true and correct in all respects) on and as of the date of such certificate;
except, in each case, to the extent such representation and warranty
specifically refers to an earlier date, in which case it shall be true and
correct in all material respects (except that any representation and warranty
that is qualified by materiality or Material Adverse Effect shall be true and
correct in all respects) as of such earlier date, and (C) no Default or Event of
Default has occurred and is continuing, and (ii) such other documents and
certificates as the Administrative Agent or its counsel may reasonably request
relating to the organization, existence and good standing of the Borrower, the
authorization of the Transactions and any other legal matters relating to the
Borrower, the Loan Documents or the Transactions, all in form and substance
reasonably satisfactory to the Administrative Agent and its counsel.

(d) The Administrative Agent shall have received (i) for the account of each
Lender participating in the increase to the Commitments pursuant hereto that
delivers its executed signature page to this Amendment by no later than the date
and time specified by the Administrative Agent, an upfront fee in an amount
equal to the applicable amount previously disclosed to the Lenders and
(ii) payment of the Administrative Agent’s and its affiliates’ fees and
reasonable out-of-pocket expenses (including reasonable out-of-pocket fees and
expenses of counsel for the Administrative Agent) in connection with this
Amendment and the other Loan Documents.

(e) The Administrative Agent shall have made such reallocations of each Lender’s
Applicable Percentage of the Revolving Credit Exposure under the Credit
Agreement as are necessary in order that the Revolving Credit Exposure with
respect to such Lender reflects such Lender’s Applicable Percentage of the
Revolving Credit Exposure under the Credit Agreement as amended hereby. The
Borrower hereby agrees to compensate each Lender for any and all losses, costs
and expenses incurred by such Lender in connection with the sale and assignment
of any Eurocurrency Loans and the reallocation described in this clause (e), in
each case on the terms and in the manner set forth in Section 2.16 of the Credit
Agreement.

 

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3. Representations and Warranties of the Borrower. The Borrower hereby
represents and warrants as follows:

(a) This Amendment and the Credit Agreement as modified hereby constitute legal,
valid and binding obligations of the Borrower and are enforceable against the
Borrower in accordance with their terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other laws affecting creditors’ rights
generally and subject to general principles of equity, regardless of whether
considered in a proceeding in equity or at law.

(b) As of the date hereof and after giving effect to the terms of this
Amendment, (i) no Default or Event of Default shall have occurred and be
continuing, and (ii) the representations and warranties of the Borrower set
forth in the Credit Agreement (other than the representations and warranties set
forth in Section 3.04(b) and Section 3.06(a)) are true and correct in all
material respects (except that any representation and warranty that is qualified
by materiality or Material Adverse Effect shall be true and correct in all
respects), except, in each case, to the extent such representation and warranty
specifically refers to an earlier date, in which case it shall be true and
correct in all material respects (except that any representation and warranty
that is qualified by materiality or Material Adverse Effect shall be true and
correct in all respects) as of such earlier date.

4. Reference to and Effect on the Credit Agreement.

(a) Upon the effectiveness hereof, each reference to the Credit Agreement in the
Credit Agreement or any other Loan Document shall mean and be a reference to the
Credit Agreement as amended hereby.

(b) Each Loan Document and all other documents, instruments and agreements
executed and/or delivered in connection therewith shall remain in full force and
effect and are hereby ratified and confirmed.

(c) Except with respect to the subject matter hereof, 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 the Lenders, nor constitute a
waiver of any provision of the Credit Agreement, the Loan Documents or any other
documents, instruments and agreements executed and/or delivered in connection
therewith.

(d) This Amendment is a Loan Document.

5. Governing Law. This Amendment shall be construed in accordance with and
governed by the law of the State of New York.

6. Headings. 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 purpose.

7. Counterparts. This Amendment may be executed by one or more of the parties
hereto on any number of separate counterparts, and all of said counterparts
taken together shall be deemed to constitute one and the same instrument.
Signatures delivered by facsimile or PDF shall have the same force and effect as
manual signatures delivered in person.

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year
first above written.

 

NETAPP, INC., as the Borrower By:   /s/ Jeffrey Bergmann Name:   Jeffrey
Bergmann Title:   Vice President of Tax & Treasury

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of December 12, 2016

NetApp, Inc.

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JPMORGAN CHASE BANK, N.A., individually as a Lender, as an Issuing Bank, as the
Swingline Lender and as Administrative Agent By:   /s/ Timothy D. Lee Name:  
Timothy D. Lee Title:   Vice President

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of December 12, 2016

NetApp, Inc.

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BANK OF AMERICA, N.A., individually as a Lender and as an Issuing Bank By:   /s/
Janet Fung Name:   Janet Fung Title:   Vice President

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of December 12, 2016

NetApp, Inc.

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WELLS FARGO BANK, NATIONAL ASSOCIATION, individually as a Lender and as an
Issuing Bank By:   /s/ Jonake Bose Name:   Jonake Bose Title:   Vice President

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of December 12, 2016

NetApp, Inc.

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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 Amendment No. 1 to

Credit Agreement dated as of December 12, 2016

NetApp, Inc.

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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 Amendment No. 1 to

Credit Agreement dated as of December 12, 2016

NetApp, Inc.

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GOLDMAN SACHS BANK USA, as a Lender By:   /s/ Rebecca Kratz Name:   Rebecca
Kratz Title:   Authorized Signatory

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of December 12, 2016

NetApp, Inc.

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MORGAN STANLEY BANK, N.A., as a Lender By:   /s/ Michael King Name:   Michael
King Title:   Authorized Signatory

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of December 12, 2016

NetApp, Inc.

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STANDARD CHARTERED BANK, as a Lender By:   /s/ Daniel Mattern Name:   Daniel
Mattern Title:   Associate Director

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of December 12, 2016

NetApp, Inc.

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BNP PARIBAS, as a Lender By:   /s/ Gregory R. Paul Name:       Gregory R. Paul
Title:       Managing Director By:   /s/ Liz Cheng Name:       Liz Cheng Title:
      Vice President

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of December 12, 2016

NetApp, Inc.

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SCHEDULE 2.01A

COMMITMENTS

 

LENDER

   COMMITMENT  

JPMORGAN CHASE BANK, N.A.

   $ 170,000,000  

BANK OF AMERICA, N.A.

   $ 170,000,000  

WELLS FARGO BANK, NATIONAL ASSOCIATION

   $ 170,000,000  

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

   $ 125,000,000  

CITIBANK, N.A.

   $ 125,000,000  

GOLDMAN SACHS BANK USA

   $ 60,000,000  

MORGAN STANLEY BANK, N.A.

   $ 60,000,000  

STANDARD CHARTERED BANK

   $ 60,000,000  

BNP PARIBAS

   $ 60,000,000  

AGGREGATE COMMITMENT

   $ 1,000,000,000