Exhibit 10.1

EXECUTION COPY

SECOND AMENDMENT AGREEMENT

This SECOND AMENDMENT AGREEMENT, dated as of March 31, 2014 (this “Amendment
Agreement”), is entered into by and among ACTAVIS CAPITAL S.À R.L. (f/k/a
ACTAVIS WC HOLDING S.À R.L.), a private limited liability company (société à
responsabilité limitée) incorporated under the laws of the Grand-Duchy of
Luxembourg having its registered office at 46A, avenue J.F. Kennedy, L-1855
Luxembourg, registered with the Luxembourg Registrar of Commerce and Companies
under number B 178.410 (the “Borrower”), ACTAVIS, INC., a Nevada corporation
(“Actavis”), ACTAVIS PLC, a public limited company organized under the Laws of
Ireland (“Parent”), the Lenders under the Existing Term Loan Credit Agreement
(as defined below) that are party hereto (such Lenders, the “Consenting
Lenders”, and together with the other Lenders, if any, under the Existing Term
Loan Credit Agreement that are not party hereto, the “Existing Lenders”) and
Tranche A-2 Lenders (as defined below) party hereto that are not Existing
Lenders, and Bank of America, N.A., as administrative agent (in such capacity,
the “Administrative Agent”).

PRELIMINARY STATEMENTS:

(1) The Borrower, Actavis, Parent, the Existing Lenders, the Administrative
Agent and the other entities party thereto entered into that certain Amended and
Restated Actavis Term Loan and Guaranty Credit Agreement, dated as of October 1,
2013 (as amended, supplemented or otherwise modified from time to time prior to
the date hereof, the “Existing Term Loan Credit Agreement”);

(2) The Borrower, Actavis and Parent have requested to amend and restate the
Existing Term Loan Credit Agreement in the form of the Second Amended and
Restated Actavis Term Loan Credit and Guaranty Agreement attached as Annex A
hereto (the “Second Amended ACT Term Loan Credit Agreement”);

(3) Pursuant to Section 11.01 of the Existing Term Loan Credit Agreement, the
amendments contemplated by the Second Amended ACT Term Loan Credit Agreement,
other than with respect to the Tranche A-2 Commitments and Tranche A-2 Loans (as
such terms are defined in the Second Amended ACT Term Loan Credit Agreement),
require the consent of the Required Lenders, and the amendments contemplated by
the Second Amended ACT Term Loan Credit Agreement with respect to the Tranche
A-2 Commitments and Tranche A-2 Loans require the consent of each Tranche A-2
Lender (as defined in the Second Amended ACT Term Loan Credit Agreement);

(4) The Consenting Lenders, the Tranche A-2 Lenders and the Administrative Agent
are willing to amend the Existing Term Loan Credit Agreement (including all
exhibits and schedules thereto) in the form of the Second Amended ACT Term Loan
Credit Agreement upon the terms and conditions set forth herein; and

(5) In accordance with Section 11.01 of the Existing Term Loan Credit Agreement,
the Administrative Agent, the Consenting Lenders, the Tranche A-2 Lenders, the
Borrower, Actavis and Parent have each agreed, subject to the terms and
conditions stated below, to the transactions described herein.

 

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NOW, THEREFORE, in consideration of the premises and in order to induce the
parties hereto to enter into the transactions described herein, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, each of the Administrative Agent, the Consenting Lenders, the
Tranche A-2 Lenders, the Borrower, Actavis and Parent, hereby agree as follows:

SECTION 1. Definitions. All capitalized terms not otherwise defined herein shall
have the meanings attributed thereto in the Existing Term Loan Credit Agreement.

SECTION 2. Amendment and Restatement of the Existing Term Loan Credit Agreement.
The Administrative Agent, each Consenting Lender, each Tranche A-2 Lender, the
Borrower, Actavis and Parent hereby agree that, subject solely to satisfaction
(or waiver) of the conditions precedent set forth in Section 3 of this Amendment
Agreement, the Existing Term Loan Credit Agreement is amended and restated in
full as set forth in the form of Second Amended ACT Term Loan Credit Agreement
and shall be replaced and superseded in all respects by the terms and provisions
of the Second Amended ACT Term Loan Credit Agreement.

SECTION 3. Conditions of Effectiveness. This Amendment Agreement, the amendment
and restatement of the Existing Credit Agreement in the form of the Second
Amended ACT Term Loan Credit Agreement and the commitment of each Tranche A-2
Lender thereunder shall become effective upon receipt by the Administrative
Agent of executed counterparts of this Amendment Agreement by a Responsible
Officer of each the Borrower, Actavis and Parent, and a duly authorized officer
of (x) the Administrative Agent, (y) the Consenting Lenders constituting at
least the Required Lenders under the Existing Term Loan Credit Agreement and
(z) each of the Tranche A-2 Lenders.

Upon such effectiveness, this Amendment Agreement and the Second Amended ACT
Term Loan Credit Agreement shall be a binding agreement between the parties
hereto and thereto. The Administrative Agent shall promptly notify the Parent
and the Lenders of the Second Restatement Effective Date (as defined in in the
Second Amended ACT Term Loan Credit Agreement) in writing, and such notice shall
be conclusive and binding.

SECTION 4. Representations and Warranties. Each of the Borrower, Actavis and
Parent hereby represents and warrants, on and as of the date hereof, that
(i) the execution, delivery and performance by it of this Amendment Agreement
has been duly authorized by all necessary corporate action, and (ii) this
Amendment Agreement has been duly executed and delivered by it and constitutes a
legal, valid and binding obligation, enforceable against it in accordance with
its terms, subject to Debtor Relief Laws and the effect of general principals of
equity, whether applied by a court of law or equity.

SECTION 5. 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.
Delivery by facsimile or other form of written electronic communication of an
executed counterpart of a signature page to this Amendment Agreement shall be
effective as delivery of an original executed counterpart of this Amendment
Agreement.

SECTION 6. Governing Law. This Amendment Agreement will be governed by, and
construed in accordance with, the law of the State of New York.

SECTION 7. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL
BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR
RELATING TO THIS AMENDMENT AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY
(WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES

 

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THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS
AMENDMENT AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY BY, AMONG
OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

SECTION 8. Jurisdiction; Consent to Service of Process.

(a) Each party hereto irrevocably and unconditionally agrees that it will not
commence any action, litigation or proceeding of any kind or description,
whether in law or equity, whether in contract or in tort or otherwise, against
any other party hereto or any related party of the foregoing in any way relating
to this Amendment Agreement or the transactions relating hereto, in any forum
other than the courts of the state of New York sitting in New York County, and
of the United States District Court of the Southern District of New York, and
any appellate court from any thereof, and each of the parties hereto irrevocably
and unconditionally submits to the jurisdiction of such courts and irrevocably
and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in and such New York State Court or, to
the fullest extent permitted by applicable Law, in such Federal court. Each of
the parties hereto agrees that a final judgment in any such action or proceeding
will be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by Law. Nothing in this Amendment
Agreement will affect any right that the Administrative Agent or any Lender may
otherwise have to bring any action or proceeding relating to this Amendment
Agreement or any of the transactions contemplated hereby against the Company or
its properties in the courts of any jurisdiction for the purpose of enforcement
of a judgment.

(b) Each party hereto irrevocably and unconditionally waives, to the fullest
extent permitted by applicable Law, any objection that it may now or hereafter
have to the laying of venue of any action or proceeding arising out of or
relating to this Amendment Agreement or any of the transactions contemplated
hereby in any court referred to in Section 8(a) above. Each of the parties
hereto hereby irrevocably waives, to the fullest extent permitted by applicable
Law, the defense of an inconvenient forum to the maintenance of such action or
proceeding in any such court.

[Remainder of Page Intentionally Left Blank]

 

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

 

ACTAVIS CAPITAL S.À R.L. By:  

/s/ David A. Buchen

  Name:   David A. Buchen   Title:   Manager ACTAVIS, INC. By:  

/s/ David A. Buchen

  Name:   David A. Buchen   Title:   Chief Legal Officer ACTAVIS PLC By:  

/s/ David A. Buchen

  Name:   David A. Buchen   Title:   Chief Legal Officer

Signature Page to Term Loan Amendment Agreement

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BANK OF AMERICA, N.A., as Administrative Agent By:  

/s/ Robert Rittelmeyer

Name:   Robert Rittelmeyer Title:   Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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BANK OF AMERICA, N.A., as Consenting Lender By:  

/s/ Robert Laporte

Name:   Robert LaPorte Title:   Director

 

Signature Page to Actavis Term Loan Amendment Agreement

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Mizuho Rank, Ltd., as Syndication Agent for Tranche A-2 and Consenting Lender By
 

/s/ Bertram H. Tang

Name:   Bertram H. Tang Title:   Authorized Signatory

 

Signature Page to Actavis Term Loan Amendment Agreement

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WELLS FARGO BANK, NATIONAL ASSOCIATION, as Consenting Lender By  

/s/ Kirk Tesch

Name:   Kirk Tesch Title:   Director

 

Signature Page to Actavis Term Loan Amendment Agreement

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The Bank of Tokyo-Mitsubishi UFJ, Ltd. as Consenting Lender By  

/s/ Jaime Sussman

Name:   Jaime Sussman Title:   VP

 

Signature Page to Actavis Term Loan Amendment Agreement

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HSBC Bank USA, National Association as Consenting Lender By  

/s/ Robert Moravec

Name:   Robert Moravec Title:   Senior Relationship Manager

 

Signature Page to Actavis Term Loan Amendment Agreement

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SUMITOMO MITSUI BANKING CORPORATION, as Consenting Lender By  

/s/ David W. Kee

Name:   David W. Kee Title:   Managing Director

 

Signature Page to Actavis Term Loan Amendment Agreement

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The Royal Bank of Scotland plc as Consenting Lender By  

/s/ William McGinty

Name:   William McGinty Title:   Director

 

Signature Page to Actavis Term Loan Amendment Agreement

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DNB CAPITAL LLC as Consenting Lender By  

/s/ Kristie Li

Name:   Kristie Li Title:   First Vice President By  

/s/ Phil Kurpiewski

Name:   Phil Kurpiewski Title:   Senior Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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Lloyds Bank plc, as Consenting Lender By  

/s/ Stephen Giacolone

Name:   Stephen Giacolone Title:   Assistant Vice President G011 By  

/s/ Julia R. Franklin

Name:   Julia R. Franklin Title:   Vice President F011

 

Signature Page to Actavis Term Loan Amendment Agreement

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TD Bank, N.A., as Consenting Lender By  

/s/ Shivani Agarwal

Name:   Shivani Agarwal Title:   Senior Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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Santander Bank, N.A. as Consenting Lender By  

/s/ John W. Deegan

Name:   John W. Deegan Title:   Senior Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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US BANK, NATIONAL ASSOCIATION, as Consenting Lender By  

/s/ Michael West

Name:   Michael West Title:   Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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THE METROPOLITAN LIFE INSURANCE COMPANY, as Consenting Lender By  

/s/ Matthew J. McInerny

Name:   Matthew J. McInerny Title:   Managing Director

 

Signature Page to Actavis Term Loan Amendment Agreement

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FirstMerit Bank, N.A., as Consenting Lender By  

/s/ Tim Daniels

Name:   Tim Daniels Title:   Senior Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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MANUFACTURERS BANK, as Consenting Lender By  

/s/ Sean Walker

Name:   Sean Walker Title:   Senior Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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Sabadell United Bank N.A., as Consenting Lender By:  

/s/ Maurici Lladó

Name:   Maurici Lladó Title:   EVP- Corporate & Commercial Banking

 

Signature Page to Actavis Term Loan Amendment Agreement

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City National Bank, na as Consenting Lender By  

/s/ Charles Hill

Name:   Charles Hill Title:   Senior Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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BARCLAYS BANK PLC, as Tranche A-2 Lender By  

/s/ Irina Dimova

Name:   Irina Dimova Title:   Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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Citibank, N.A. as Tranche A-2 Lender By  

/s/ Marni McManus

Name:   Marni McManus Title:   Vice President (Managing Director)

 

Signature Page to Actavis Term Loan Amendment Agreement

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DEUTSCHE BANK AG NEW YORK BRANCH, as Tranche A-2 Lender By  

/s/ Ming K. Chu

Name:   Ming K. Chu Title:   Vice President By  

/s/ Virginia Cosenza

Name:   Virginia Cosenza Title:   Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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FIFTH THIRD BANK, as Tranche A-2 Lender By  

/s/ Vera B. McEvoy

Name:   Vera B. McEvoy Title:   Relationship Manager

 

Signature Page to Actavis Term Loan Amendment Agreement

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PNC Bank, National Association as Tranche A-2 Lender By  

/s/ Eleanor Orlando

Name:   Eleanor Orlando Title:   Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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Compass Bank,

as Tranche A-2 Lender

By  

/s/ Michael Dixon

Name:   Michael Dixon Title:   Senior Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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THE BANK OF NOVA SCOTIA,

as Tranche A-2 Lender

By  

/s/ Michelle C. Phillips

Name:   Michelle C. Phillips Title:   Director and Execution Head

 

Signature Page to Actavis Term Loan Amendment Agreement

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The Governor and Company of the Bank of Ireland

as Tranche A-2 Lender

By  

/s/ Conor Linehan

Name:   Conor Linehan Title:   Authorized Signatory By  

/s/ Eddie Magee

Name:   Eddie Magee Title:   Director

 

Signature Page to Actavis Term Loan Amendment Agreement

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ASSOCIATED BANK, N.A.,
as Tranche A-21 Lender By  

/s/ James A. Goody

Name:   James A. Goody Title:   Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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RAYMOND JAMES BANK, NA.,

as Tranche A-2 Lender

By  

/s/ Alexander L. Rody

Name:   Alexander L. Rody Title:   Senior Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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STATE BANK OF INDIA, LOS ANGELES AGENCY,
as Tranche A-2 Lender By  

/s/ Vijayalakshmi Muddu

Name:   Vijayalakshmi Muddu Title:   VP & Head (Syndications)

 

Signature Page to Actavis Term Loan Amendment Agreement

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THE NORTHERN TRUST COMPANY,
as Tranche A-2 Lender By  

/s/ Andrew Holtz

Name:   Andrew Holtz Title:   Senior Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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CRÉDIT INDUSTRIEL ET COMMERCIAL,
as Tranche A-2 Lender By  

/s/ Marcus Edward

Name:   Marcus Edward Title:   Managing Director By  

/s/ Clifford Abramsky

Name:   Clifford Abramsky Title:   Managing Director

 

Signature Page to Actavis Term Loan Amendment Agreement

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METLIFE REINSURANCE COMPANY OF SOUTH CAROLINA,

as Tranche A-2 Lender

By  

/s/ Matthew J. McInerny

Name:   Matthew J. McInerny Title:   Managing Director

 

Signature Page to Actavis Term Loan Amendment Agreement

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BNP PARIBAS,

as Tranche A-2 Lender

By  

/s/ Renaud-Franck Falce

Name:   Renaud-Franck Falce Title:   Managing Director By  

/s/ Florence Pourchet

Name:   Florence Pourchet Title:   Managing Director 

 

Signature Page to Actavis Term Loan Amendment Agreement

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First Commercial Bank, New York Branch

as Tranche A-2 Lender

By  

/s/ Jason Lee

Name:   Jason Lee Title:   VP & General Manager

 

Signature Page to Actavis Term Loan Amendment Agreement

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FIRST HAWAIIAN BANK,

as Tranche A-2 Lender

By  

/s/ Jan M. Sam

Name:   Jan M. Sam Title:   Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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BANK OF THE WEST

as Tranche A-2 Lender

By  

/s/ Francesco Ingargiola

Name:   Francesco Ingargiola Title:   Senior Vice President

 

Signature Page to Actavis Term Loan Amendment Agreement

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Credit Agricole Corporate and Investment Bank,

as Tranche A-2 Lender

By  

/s/ Amy Trapp

Name:   Amy Trapp Title:   Managing Director By  

/s/ John Bosco

Name:   John Bosco Title:   Director

 

Signature Page to Actavis Term Loan Amendment Agreement

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METROPOLITAN TOWER LIFE INSURANCE COMPANY,

as Tranche A-2 Lender

By  

/s/ Matthew J. McInerny

Name:   Matthew J. McInerny Title:   Managing Director

 

Signature Page to Actavis Term Loan Amendment Agreement

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Annex A

[Form of Second Amended ACT Term Loan Credit Agreement]

See attached.