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Exhibit 10.7

Execution Version
 
AMENDMENT AGREEMENT

AMENDMENT AGREEMENT dated as of January 20, 2016 (this “Amendment”) to the
Bridge Term Loan Credit Agreement dated as of December 18, 2015 (the “Credit
Agreement”), among Walgreens Boots Alliance, Inc., as the Borrower, UBS AG,
Stamford Branch, as Administrative Agent, and the Lenders from time to time
party thereto.

1.          Defined Terms.  Capitalized terms used and not otherwise defined
herein have the meanings assigned to them in the Credit Agreement as amended
hereby (the “Amended Credit Agreement”).

2.          Amendments to the Credit Agreement.  Each of the parties hereto
agrees that, effective on the Amendment Effective Date (as defined below): (a)
Section 4.02(k)(i) of the Credit Agreement is hereby amended by (i) inserting
“with respect to the Borrower under Section 7.05 or Section 7.06” immediately
after the words “no Default or Unmatured Default” in clause (x) thereof and (ii)
inserting “constituting Specified Representations” immediately after the words
“the representations and warranties contained in Article 5” in clause (y)
thereof and (b) Exhibit H of the Credit Agreement is hereby amended by (i)
inserting “with respect to the Borrower under Section 7.05 or Section 7.06”
immediately after the words “no Default or Unmatured Default” in clause (x) of
the second paragraph thereof and (ii) inserting “constituting Specified
Representations” immediately after the words “the representations and warranties
contained in Article 5 of the Credit Agreement” in clause (y) of the second
paragraph thereof.

3.          Conditions to Effectiveness.  This Amendment shall become effective
on the date (the “Amendment Effective Date”) when the Administrative Agent shall
have received counterparts to this Amendment executed by (i) the Borrower, (ii)
the Administrative Agent and (iii) the Required Lenders.

4.          Ratification.  Except to the extent hereby amended, the Credit
Agreement and each of the Loan Documents remain in full force and effect and are
hereby ratified and affirmed.

5.          Indemnities.  The Borrower agrees that this Amendment constitutes a
Loan Document and Section 9.06 of the Credit Agreement is hereby incorporated by
reference herein and shall extend to the preparation, execution and delivery of
this Amendment.

6.          Limitation.  This Amendment shall be limited precisely as written
and except as expressly provided herein, shall not be deemed (a) to be a consent
granted pursuant to, or a waiver or modification of, any term or condition of
the Credit Agreement or any of the instruments or agreements referred to therein
or (b) to prejudice any right or rights which the Administrative Agent or the
Lenders may now have or have in the future under or in connection with the
Credit Agreement or any of the instruments or agreements referred to therein.
Unless the context indicates otherwise, on and after the Amendment Effective
Date, whenever the Credit Agreement is referred to in the Credit Agreement, the
other Loan Documents or any of the instruments, agreements or other documents or
papers executed or delivered in connection therewith, such reference shall be
deemed to mean the Credit Agreement as amended by this Amendment.
 

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7.          Counterparts.  This Amendment may be executed in any number of
counterparts and by the different parties hereto in separate counterparts, each
of which shall be an original and all of which, when taken together, shall
constitute but one and the same instrument.  A facsimile or .pdf copy of a
counterpart signature page shall serve as the functional equivalent of a
manually executed copy for all purposes.

8.          Governing Law.  THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

[SIGNATURE PAGES FOLLOW]
 
2

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective authorized officers as of the day and year first
above written.

 
WALGREENS BOOTS ALLIANCE, INC.
   
as the Borrower
         
By:
/s/ Jan Stern Reed
     
Name:
Jan Stern Reed      
Title:
SVP, General Counsel, Corp. Sec            
By:
/s/ Aidan Clare
     
Name:
Aidan Clare      
Title:
Global Treasurer  

 

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UBS AG, STAMFORD BRANCH
    as Administrative Agent          
By:
/s/ Houssem Daly
     
Name:
Houssem Daly      
Title:
Associate Director            
By:
/s/ Craig Pearson
     
Name:
Craig Pearson      
Title:
Associate Director          

 

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UBS AG, Stamford Branch,
   
as Lender
         
By:
/s/ Houssem Daly
     
Name:
Houssem Daly
     
Title:
Associate Director
           
By:
/s/ Craig Pearson
     
Name:
Craig Pearson
     
Title:
Associate Director
 

 

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Bank of America, N.A.,
   
as a Lender
         
By:
/s/ J. Casey Cosgrove
     
Name:
J. Casey Cosgrove
     
Title:
Director
 

 

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HSBC BANK PLC,
   
as a Lender
         
By:
/s/ Colette Pithie
     
Name:
Colette Pithie
     
Title:
Associate Director
 

 

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HSBC Bank USA, N.A.,
   
as a Lender
         
By:
/s/ Roderick Feltzer
     
Name:
Roderick Feltzer
     
Title:
Vice President
 

 

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JPMORGAN CHASE BANK, N.A.,
   
as a Lender
         
By:
/s/ Dawn Lee Lum
     
Name:
Dawn Lee Lum
     
Title:
Executive Director
 

 

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LLOYDS BANK PLC,
   
as a Lender
         
By:
/s/ Erin Doherty
     
Name:
Erin Doherty
     
Title:
Assistant Vice President – D006
             
By:
/s/ Daven Popat
     
Name:
Daven Popat
     
Title:
Senior Vice President – P003
 

 

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Mizuho Bank, Ltd.,
   
as a Lender
         
By:
/s/ David Lim
     
Name:
David Lim
 
 
 
Title:
Authorized Signatory
 

 

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The Bank of Tokyo-Mitsubishi UFJ, Ltd.
   
as a Lender
         
By:
/s/ Mark Maloney
     
Name:
Mark Maloney
     
Title:
Authorized Signatory
 

 

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UniCredit Bank AG, London Branch
   
as a Lender
         
By:
/s/ David Vials
     
Name:
David Vials
     
Title:
Managing Director
             
By:
/s/ Michael Cook
     
Name:
Michael Cook
     
Title:
Director
 

 

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WELLS FARGO BANK, N.A.,
   
as a Lender
         
By:
/s/ Matthew Olson
     
Name:
Matthew Olson
     
Title:
Director
 

 

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Banco Santander, S.A.
   
as a Lender
         
By:
/s/ Aitor Elustondo
     
Name:
Aitor Elustondo
     
Title:
Managing Director
             
By:
/s/ Federico Robin
     
Name:
Federico Robin
     
Title:
Vice President Senior
 

 

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Deutsche Bank Luxembourg S.A.,
   
as a Lender
         
By:
/s/ Philippi
     
Name:
Philippi
     
Title:
AVP
             
By:
/s/ A. Breyer-Simski
     
Name:
A. Breyer-Simski
     
Title:
AVP
 

 

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Intesa Sanpaolo S.p.A.,
   
as a Lender
         
By:
/s/ Neil Derfler
     
Name:
Neil Derfler
     
Title:
Vice President
             
By:
/s/ Serena Palumbo
     
Name:
Serena Palumbo, Esq
     
Title:
Vice President
 

 

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SOCIETE GENERALE,
   
as a Lender
         
By:
/s/ Alexandre Huet
     
Name:
Alexandre Huet
     
Title:
Head of Strategic and Acquisition Finance
 

 

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Sumitomo Mitsui Banking Corporation,
   
as a Lender
         
By:
/s/Alan Krouk
     
Name:
Alan Krouk
     
Title:
Managing Director
 

 

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U.S. BANK NATIONAL ASSOCIATION,
   
as a Lender
         
By:
/s/ Conan Schleicher
     
Name:
Conan Schleicher
     
Title:
Senior Vice President
 

 
 

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