EXHIBIT 10.1

FORM OF

AMENDMENT #6 TO CREDIT AND SECURITY AGREEMENT

AND AMENDMENT #2 TO FEE LETTERS

THIS AMENDMENT #6 TO CREDIT AND SECURITY AGREEMENT AND AMENDMENT #2 TO FEE
LETTERS (this “Amendment”) is entered into by the undersigned parties as of
August 12, 2005 with respect to:

(1) the Credit and Security Agreement dated as of August 16, 2002 (the “Credit
and Security Agreement”) by and among Boston Scientific Funding Corporation, a
Delaware corporation (“Borrower”), Boston Scientific Corporation, a Delaware
corporation, as initial Servicer, Blue Ridge Asset Funding Corporation, a
Delaware corporation (“Blue Ridge”), Victory Receivables Corporation, a Delaware
corporation (“Victory”), The Bank of Tokyo-Mitsubishi Ltd., New York Branch,
individually as a Liquidity Bank and as Victory Agent and Wachovia Bank,
National Association, individually as a Liquidity Bank, as Blue Ridge Agent and
as Administrative Agent, as amended from time to time, and

(2) each of the Fee Letters described in the Credit and Security Agreement, as
amended (the “Amended Fee Letters”).

Unless defined elsewhere herein, capitalized terms used in this Amendment shall
have the meanings assigned to such terms in the Credit and Security Agreement.

RECITALS

WHEREAS, the Borrower, the initial Servicer, Victory, Blue Ridge, The Bank of
Tokyo-Mitsubishi Ltd., New York Branch, individually as a Liquidity Bank and as
Victory Agent and Wachovia Bank, National Association, individually, as a
Liquidity Bank, as Blue Ridge Agent and as Administrative Agent entered into the
Credit and Security Agreement; and

WHEREAS, the Borrower has requested that the Agents amend the Credit and
Security Agreement.

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

1.

Amendments.

(a)        The following definition in the Credit and Security Agreement is
hereby amended and restated in its entirety to read as follows:

“Scheduled Termination Date” means, as to each Liquidity Bank, the earlier to
occur of August 11, 2006 and the date on which its Liquidity Commitment
terminates in accordance with the Liquidity Agreement to which it is a party, in
either of the foregoing cases, unless extended by agreement of such Liquidity
Bank in accordance with Section 1.8.

 

 

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(b)        The “Program Fee” (under and as defined in each of the Amended Fee
Letters) is hereby reduced by 5 basis points per annum.

(c)        The “Unused Fee” (under and as defined in each of the Amended Fee
Letters) is hereby reduced by 2.5 basis points per annum.

2.          Conditions Precedent to Effectiveness. The effectiveness of this
Amendment is subject to the conditions precedent that (a) the Agents shall have
received counterparts hereof duly executed by each of the parties to the Credit
and Security Agreement, (b) Victory shall have received counterparts of an
amendment to the Victory Liquidity Agreement extending the liquidity commitment
thereunder until at least August 11, 2006, and (c) Blue Ridge shall have
received counterparts of an amendment to the Blue Ridge Liquidity Agreement
extending the liquidity commitment thereunder until at least August 11, 2006.
The signatures of Victory and Blue Ridge on counterparts of this Amendment shall
constitute confirmation that conditions (b) and (c), respectively, have been
satisfied.

3.          Scope of Amendment. Except as expressly amended hereby, each of the
Credit and Security Agreement and the Amended Fee Letters remains in full force
and effect in accordance with its terms and this Amendment shall not by
implication or otherwise alter, modify, amend or in any way affect any of the
other terms, conditions, obligations, covenants or agreements contained in the
Credit and Security Agreement or Amended Fee Letters, as the case may be, all of
which are ratified and affirmed in all respects and shall continue in full force
and effect.

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

5.          Counterparts. This Amendment may be executed in any number of
counterparts and each of such counterparts shall for all purposes be deemed an
original, and all such counterparts shall together constitute but one and the
same instrument.

[Signature pages follow]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
and delivered by their duly authorized officers as of the date hereof.

 

BOSTON SCIENTIFIC FUNDING CORPORATION

 

By: ______________________

Name:

Title:

 

BOSTON SCIENTIFIC CORPORATION, AS SERVICER

 

By: ______________________

Name:

Title:

 

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BLUE RIDGE ASSET FUNDING CORPORATION

BY: WACHOVIA CAPITAL MARKETS, LLC, ITS ATTORNEY-IN-FACT

 

By: ______________________

Name:

Title:

 

 

WACHOVIA BANK, NATIONAL ASSOCIATION,

individually as a Liquidity Bank, as Blue Ridge Agent and as Administrative
Agent

 

By: ______________________

Name:

Title:

 

 

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VICTORY RECEIVABLES CORPORATION

 

By: ______________________

Name:

Title:

 

THE BANK OF TOKYO-MITSUBISHI LTD., NEW YORK BRANCH, as a Liquidity Bank

 

By: ______________________

Name:

Title:

 

THE BANK OF TOKYO-MITSUBISHI LTD., NEW YORK BRANCH, as Victory Agent

 

By: ______________________

Name:

Title:

 

 

 

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