First Amendment to Credit Agreement, dated as of June 9, 2011



 Exhibit 10.1 
 FIRST AMENDMENT TO CREDIT AGREEMENT 
 THIS FIRST AMENDMENT TO CREDIT
AGREEMENT dated as of June 9, 2011 (this “Agreement”) is entered into among Arch Chemicals, Inc., a Virginia Corporation (the “Borrower”), the Lenders party hereto and Bank of America, N.A., as Administrative
Agent. All capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Credit Agreement (as defined below). 
 RECITALS 
 WHEREAS, the Borrower, the Lenders and Bank of America, N.A., as
Administrative Agent, have entered into that certain Credit Agreement dated as of May 13, 2011 (as amended or modified from time to time, the “Credit Agreement”); 

WHEREAS, the Borrower has requested that the Lenders amend the Credit Agreement as set forth herein; and 

WHEREAS, the Lenders have agreed to amend the Credit Agreement on the terms and conditions set forth herein. 

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1.
Amendment. The Credit Agreement is hereby amended as follows: 
 (a) Clause (y) in
Section 6.05 of the Credit Agreement is hereby amended to read as follows: 
 “(y) 50% of the cumulative
Consolidated Adjusted Net Income of the Borrower for the period (taken as one accounting period) since March 31, 2011 through the last day of the fiscal quarter for which financial statements have been delivered pursuant to Section 5.01(a)
or (b),” 
 2. Conditions Precedent. This Agreement shall be effective upon receipt by the Administrative Agent of
counterparts of this Agreement duly executed by the Borrower, the Required Lenders and Bank of America, N.A., as Administrative Agent. 
 3. Miscellaneous. 
 (a) The Credit Agreement and the
obligations of the Borrower thereunder and under the other Loan Documents, are hereby ratified and confirmed and shall remain in full force and effect according to their terms. 

(b) The Borrower (a) acknowledges and consents to all of the terms and conditions of this Agreement, (b) affirms
all of its obligations under the Loan Documents and (c) agrees that this Agreement and all documents executed in connection herewith do not operate to reduce or discharge its obligations under the Credit Agreement or the Loan Documents.








 (c) The Borrower hereby represents and warrants as follows: 

(i) The Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement.

 (ii) This Agreement has been duly executed and delivered by the Borrower and constitutes the Borrower’s
legal, valid and binding obligation, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditor’s rights generally and subject to general principles of
equity, regardless of whether such enforceability is considered in a proceeding in equity or at law. 
 (iii) No
consent, approval, exemption, authorization or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by the Borrower of this
Agreement. 
 (d) The Borrower represents and warrants to the Lenders that after giving effect to this Agreement
(i) the representations and warranties of the Borrower set forth in Article III of the Credit Agreement and in each other Loan Document are true and correct in all material respects as of the date hereof with the same effect as if made on and
as of the date hereof, except to the extent such representations and warranties expressly relate solely to an earlier date, provided that, any representation and warranty that is qualified as to “materiality,” “Material
Adverse Effect” or similar language is true and correct in all respects as of the date hereof and (ii) no event has occurred and is continuing which constitutes a Default or an Event of Default. 

(e) This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be an
original, but all of which shall constitute one and the same instrument. Delivery of an executed counterpart of this Agreement by telecopy or electronic mail shall be effective as an original and shall constitute a representation that an executed
original shall be delivered. 
 (f) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
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 Each of the parties hereto has caused a counterpart of this Agreement to be duly executed
and delivered as of the date first above written. 
  

					
	BORROWER:	 	ARCH CHEMICALS, INC.
			
		 	By:	 	 /S/    W. Paul Bush

		 	Name:	 	W. Paul Bush
		 	Title:	 	Treasurer
			
	ADMINISTRATIVE	 		 	
	AGENT:	 	BANK OF AMERICA, N.A.,
		 	as Administrative Agent
			
		 	By:	 	 /S/    Irene Bertozzi Barenstein

		 	Name:	 	Irene Bertozzi Barenstein
		 	Title:	 	Treasurer
		
	LENDERS:	 	BANK OF AMERICA, N.A.,
		 	as a Lender
			
		 	By:	 	 /S/    Irene Bertozzi Barenstein

		 	Name:	 	Irene Bertozzi Barenstein
		 	Title:	 	Treasurer
		
		 	RBS CITIZENS, NA,
		 	as a Lender
			
		 	By:	 	 /S/    Cindy Chen

		 	Name:	 	Cindy Chen
		 	Title:	 	Senior Vice President
		
		 	WELLS FARGO BANK, N.A.,
		 	as a Lender
			
		 	By:	 	 /S/    John J. Mulvey

		 	Name:	 	John J. Mulvey
		 	Title:	 	Senior Vice President
		
		 	JPMORGAN CHASE BANK, N.A.,
		 	as a Lender
			
		 	By:	 	 /S/    D. Scott Farquhar

		 	Name:	 	D. Scott Farquhar
		 	Title:	 	Senior Vice President


  
 ARCH CHEMICALS,
INC. 
 FIRST AMENDMENT TO CREDIT AGREEMENT 









					
		 	HSBC BANK USA, N.A.,
		 	as a Lender
			
		 	By:	 	 /S/    Robert H. Rogers

		 	Name:	 	Robert H. Rogers
		 	Title:	 	Senior Relationship Manager
		 		 	as a Lender
		
		 	 BRANCH BANKING AND TRUST COMPANY,
 as a Lender

			
		 	By:	 	 /S/    Roger Eric Searls

		 	Name:	 	Roger Eric Searls
		 	Title:	 	Vice President
		
		 	 COMERICA BANK,
 as
a Lender

			
		 	By:	 	 /S/    Daryl Krause

		 	Name:	 	Daryl Krause
		 	Title:	 	Senior Vice President


  
 ARCH CHEMICALS,
INC. 
 FIRST AMENDMENT TO CREDIT AGREEMENT