# EDGAR Filing Document

**Accession Number:** 0000818686
**File Stem:** 0001193125-25-316063
**Filing Date:** 2025-12
**Character Count:** 36628
**Document Hash:** 9269d7ee100ccd82d918adda1166a254
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-316063.hdr.sgml**: 20251211

**ACCESSION NUMBER**: 0001193125-25-316063

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20251210

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251211

**DATE AS OF CHANGE**: 20251211

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TEVA PHARMACEUTICAL INDUSTRIES LTD
- **CENTRAL INDEX KEY:** 0000818686
- **STANDARD INDUSTRIAL CLASSIFICATION:** PHARMACEUTICAL PREPARATIONS [2834]
- **ORGANIZATION NAME:** 03 Life Sciences
- **EIN:** 000000000
- **STATE OF INCORPORATION:** L3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-16174
- **FILM NUMBER:** 251565431

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** TEVA PHARMACEUTICAL INDUSTRIES LIMITED
- **STREET 2:** 124 DVORA HANEVI'A ST.
- **CITY:** TEL AVIV
- **PROVINCE COUNTRY:** L3
- **BUSINESS PHONE:** 972 (3) 914-8213

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** TEVA PHARMACEUTICAL INDUSTRIES LIMITED
- **STREET 2:** 124 DVORA HANEVI'A ST.
- **CITY:** TEL AVIV
- **PROVINCE COUNTRY:** L3

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): December 10, 2025

## TEVA PHARMACEUTICAL INDUSTRIES LIMITED

#### (Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Israel** | **001-16174** | **Not Applicable** |
| **(State or other jurisdiction<br>of Incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer<br>Identification Number)** |

---

#### 124 Dvora Hanevi'a Street

#### Tel Aviv 6944020, Israel

#### (Address of Principal Executive Offices, including Zip Code)

#### +972 - 3-914-8213

#### (Registrant's Telephone Number, including Area Code)

#### Not Applicable

#### (Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange<br>on which registered** |
| American Depositary Shares, each representing one Ordinary Share | TEVA | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

#### Item 1.01. Entry into a Material Definitive Agreement.

#### Amendment to Revolving Credit Agreement
On December 10, 2025, Teva Pharmaceutical Industries Limited (the "Company") obtained the consent of each of the lenders (the "Lenders") party to its Revolving Facility Agreement (as defined below) to extend the stated maturity date of the commitments and loans thereunder from April 29, 2027 to April 29, 2028, and to amend certain terms of the financial covenants contained in the Revolving Facility Agreement pursuant to the Third Amendment to the Senior Unsecured Sustainability-Linked Revolving Credit Agreement (the "Amendment").

Pursuant to the Senior Unsecured Sustainability-Linked Revolving Credit Agreement, dated as of April 29, 2022 (the "Revolving Facility Agreement"), between, amongst others, the Company, the Lenders party thereto and Bank of America, N.A., as administrative agent, the Company may request two one-year extensions of the Maturity Date, subject to the satisfaction of certain conditions. The extension referred to above is the second such extension.

The Amendment provides, among other things, that (i) the Company's maximum permitted leverage ratio for Q4 2025 and thereafter is 4.25x, subject to certain increases if the Company consummates or commences certain material transactions, (ii) if at any time the Company obtains Investment Grade Status (as defined in the Amendment) and no Event of Default has occurred and is continuing under the Revolving Facility Agreement, then the Company and its subsidiaries will not be subject to the maximum leverage ratio or to the minimum interest cover ratio covenants contained in the Revolving Facility Agreement, and (iii) if at any time thereafter, the Company ceases to have such Investment Grade Status or an Event of Default has occurred and is continuing under the Revolving Facility Agreement, the maximum leverage ratio and minimum interest cover ratio covenants contained in the Revolving Facility Agreement will be reinstated and will apply to future testing dates.

The representations, warranties and covenants contained in the Amendment were made only for purposes of such agreement and as of the dates specified therein, were solely for the benefit of the parties thereto and may be subject to qualifications agreed by the contracting parties and standards of materiality applicable to the contracting parties that differ from those applicable to investors. Investors should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the Company and its subsidiaries.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

#### Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein.

#### Item 9.01. Financial Statements and Exhibits.
(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit<br>No.** | **Description of Document** |
| 10.1 | [Third Amendment to the Senior Unsecured Sustainability-Linked Revolving Credit Agreement, dated as of December 10, 2025, between, amongst others, Teva Pharmaceutical Industries Limited, the lenders party thereto and Bank of America, N.A., as administrative agent.](d46386dex101.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **TEVA PHARMACEUTICAL INDUSTRIES LIMITED** | **TEVA PHARMACEUTICAL INDUSTRIES LIMITED** |
| Date: December 11, 2025 | By: | /s/ Eli Kalif |
|  |  | Eli Kalif |
|  |  | Executive Vice President, Chief Financial Officer |

---

## Exhibit 10.1

**Exhibit 10.1** 

**THIRD AMENDMENT TO SENIOR UNSECURED SUSTAINABILITY-LINKED** 

**REVOLVING CREDIT AGREEMENT** 

This AMENDMENT to the Senior Unsecured Sustainability-Linked Revolving Credit Agreement, dated as of December 10, 2025 (this "<u>Amendment</u>"), is made and entered into by and among TEVA PHARMACEUTICAL INDUSTRIES LIMITED, an Israeli company registered under no 52-0013-954, the registered address of which is at Dvora HaNevia St. 124, Tel Aviv, Israel (the "<u>Company</u>" or "<u>Parent</u>"), TEVA PHARMACEUTICALS USA, INC., a Delaware corporation, the principal office of which is at 400 Interpace Parkway, Building A, Parsippany, New Jersey 07054, United States of America ("<u>Teva USA</u>" or the "<u>US Borrower</u>"), TEVA PHARMACEUTICAL FINANCE NETHERLANDS II B.V., a private company with limited liability (*besloten vennootschap met beperkte aansprakelijkheid*) incorporated under the laws of the Netherlands, with its official seat (*statutaire zetel*) in Amsterdam, the Netherlands, having its office at Piet Heinkade 107, 1019GM Amsterdam, the Netherlands and registered with the Dutch trade register under number 59012161 (the "<u>Dutch II Borrower</u>") and TEVA PHARMACEUTICAL FINANCE NETHERLANDS III B.V., a private company with limited liability (*besloten vennootschap met beperkte aansprakelijkheid*) incorporated under the laws of the Netherlands, with its official seat (*statutaire zetel*) in Amsterdam, the Netherlands, having its office at Piet Heinkade 107, 1019GM Amsterdam, the Netherlands and registered with the Dutch trade register under number 64156729 (the "<u>Dutch III Borrower</u>" and together with the Dutch II Borrower, "<u>Dutch Borrowers</u>" and each a "<u>Dutch Borrower</u>" and, together with the Parent and Teva USA, the "<u>Borrowers</u>") and BANK OF AMERICA, N.A., (the "<u>Administrative</u> <u>Agent</u>").

<u>W I</u> <u>T</u> <u>N</u> <u>E</u> <u>S</u> <u>S</u> <u>E</u> <u>T</u> <u>H</u>:

Reference is made to the Senior Unsecured Sustainability-Linked Revolving Credit Agreement dated as of April 29, 2022 (as amended by that certain Amendment, dated February 6, 2023 and by that certain Second Amendment, dated May 3, 2024, and as may be further amended, restated, extended, supplemented or otherwise modified in writing from time to time, the "<u>Existing Credit Agreement</u>" and as amended by this Amendment, the "<u>Credit Agreement</u>"), between, amongst others, the Parent, the Borrowers, the Lenders named therein and the Administrative Agent.

WHEREAS, the Loan Parties and the Administrative Agent (on behalf of the Lenders in accordance with the Existing Credit Agreement) have agreed to amend certain provisions of the Existing Credit Agreement as provided for herein;

NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

ARTICLE I

<u>Defined Terms</u> 

Section 1.1 <u>Defined Terms</u>. Each capitalized term used in this Amendment, unless otherwise defined herein, shall have the meaning ascribed to such term in the Credit Agreement.

ARTICLE II

<u>Amendments</u> 

Section 2.1 <u>Amendments</u>. Subject to the occurrence of the Third Amendment Effective Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Section 1.01 of the Existing Credit Agreement is hereby amended by adding the following definitions in the
appropriate alphabetical order:

""**Covenant Suspension Date**" has the meaning specified in Section 6.04(d)(i)."

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""**Covenant Suspension/Reversion Notice**" means a notice by the Parent to the Administrative Agent with respect to the occurrence of a Covenant Suspension Date or Reversion Date, as applicable, delivered pursuant to and in accordance with Section 6.04(d)(iii), and in the form set out in Exhibit M."

""**Investment Grade Rating"** means a rating equal to or higher than Baa3 (or the equivalent) by Moody's, BBB- (or the equivalent) by S&P, or BBB- (or the equivalent) by Fitch."

""**Investment Grade Status"** means the Parent has an Investment Grade Rating from any two Agencies and the rating from the third Agency is not lower than BB+ or Ba1 (as applicable) (or the equivalent), in each case with stable outlook or better."

""**Reversion Date**" has the meaning specified in Section 6.04(a)(ii)."

""**Third Amendment Effective date**" means December 11, 2025."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 6.04(a) of the Existing Credit Agreement is hereby amended and restated in its entirety to read as
follows:

"(i) The Parent shall procure that the Leverage Ratio for the period set forth in Column 1 below (calculated as of the last day of, and for, such period) does not exceed the ratio referred to in Column 2 below, subject to the provisions of Section 6.04(a)(ii) below:

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| | |
|:---|:---|
| **Column 1** | **Column 2** |
| Four-quarter Test Period ending with such quarter below: |  |
| Q1 2022 | No greater than 4.50x |
| Q2 2022 | No greater than 4.50x |
| Q3 2022 | No greater than 4.50x |
| Q4 2022 | No greater than 4.25x |
| Q1 2023 | No greater than 4.25x |
| Q2 2023 | No greater than 4.25x |
| Q3 2023 | No greater than 4.25x |
| Q4 2023 | No greater than 4.00x |
| Q1 2024 | No greater than 4.00x |
| Q2 2024 | No greater than 4.00x |
| Q3 2024 | No greater than 4.00x |
| Q4 2024 | No greater than 4.00x |
| Q1 2025 | No greater than 4.00x |
| Q2 2025 | No greater than 4.00x |
| Q3 2025 | No greater than 4.00x |
| Q4 2025 and thereafter | No greater than 4.25x |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Notwithstanding the foregoing, if, at any time the Company and/or one of its Subsidiaries consummates or commences a Specified Material Transaction at a time when no Default is then continuing, the Company may elect, upon written notice to the Administrative Agent, to increase the maximum Leverage Ratio permitted by this Section 6.04(a) above by 0.5x (retroactive to the first day of the Test Period in which such Specified Material Transaction is consummated or commenced) (such election, a "<u>Leverage Spike Election</u>"); provided, however;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) (A) that the Company may only make such election in respect of three Test Periods (which must be consecutive) (such three Test Periods, the "<u>Leverage Spike Period</u>"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) that the Company may make only one Leverage Spike Election during the life of the Credit Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) if the Company does make such Leverage Spike Election, then during the applicable Leverage Spike Period, the Applicable Margin shall increase by 0.15% above what it would otherwise have been but for the Leverage Spike Election (such Applicable Margin increase, a "<u>Leverage Spike Margin Adjustment</u>").

For purposes hereof, a "<u>Specified Material Transaction</u>" means (a) an acquisition of a business or an asset (or group of related businesses and/or assets and whether directly of assets or of equity or similar ownership interests of the direct or indirect owner thereof) (a "<u>Target</u>") provided that the Target itself becomes, or is acquired by, a direct or indirect Subsidiary of the Company, (b) a substantial expansion, substantial development, substantial refurbishment or substantial modernization of a business or an asset by the Company or any Subsidiary (in each case, with "substantiality" to be determined by the Company in good faith) and (c) the making of investment, capital expenditures or other cash costs in connection with a research or development initiative, the launch of a new product line or asset, licensing agreements, joint ventures and partnerships related to any of the foregoing business development activities or the launch of any existing product line or asset by the Company or any Subsidiary into a new market or consumer base or through a new distribution method or channel, in each case, for aggregate cash consideration or expenditure of not less than US$250,000,000, or, in the case of clauses (b) and (c), projected to be of at least such amount (as certified by a Responsible Officer of the Company), in any four consecutive fiscal quarters."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Section 6.04 of the Credit Agreement is hereby amended by adding the following provision as 6.04(d):

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| | |
|:---|:---|
| "(d) | (i) If on any date following the Third Amendment Effective Date (i) the Parent obtains Investment Grade Status, and (ii) no Event of Default has occurred and is continuing under the Credit Agreement, then, beginning on that date (the "<u>Covenant Suspension Date</u>") and continuing until the Reversion Date (as defined below), the Parent and its Subsidiaries will not be subject to the provisions of Sections 6.04(a) or 6.04(b).  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If at any time the Parent (x) ceases to have such Investment Grade Status or (y) an Event of Default has occurred and is continuing under the Credit Agreement, then the provisions of Sections 6.04(a) and 6.04(b) will thereafter be reinstated on such date (the "<u>Reversion Date</u>") and will apply to any future Test Periods ending after the Reversion Date and be applicable pursuant to the terms of the Credit Agreement, unless and until the Parent subsequently attains Investment Grade Status (in which event the provisions of Sections 6.04(a) and 6.04(b) shall no longer be in effect for such time that the Parent maintains Investment Grade Status); **provided** that, for the avoidance of doubt, such covenants shall not be tested retroactively with respect to previous Test Periods ending after the Covenant Suspension Date and prior to the Reversion Date.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Parent will furnish (or cause to be furnished) to the Administrative Agent written notice of such Covenant Suspension Date or Reversion Date, which notice shall be provided to the Administrative Agent no later than three (3) Business Days after any officer of such Person becomes aware or should have become aware of the same and substantially in the form of Exhibit M to the Credit Agreement (a "<u>Covenant Suspension/Reversion Notice</u>"). In the absence of the delivery of a Covenant Suspension/Reversion Notice, the Administrative Agent and Lenders shall assume that no such Covenant Suspension Date or Reversion Date (as applicable) has occurred."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) A new Exhibit M ("Form of Covenant Suspension/Reversion Notice") is hereby attached and
incorporated into the Credit Agreement, substantially in the form attached hereto as Annex A.

ARTICLE III

<u>Representations and Warranties</u> 

Section 3.1 <u>Representations and Warranties</u> to the Third Amendment Effective Date. Each Loan Party hereby represents and warrants as of the Third Amendment Effective Date as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all of the representations and warranties set forth in the Credit Agreement are true and correct in all
material respects (except that any representation and warranty that is qualified by materiality shall to that extent so qualified be true and correct in all respects) on and as of such date, as if made on such date, except to the extent that such
representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects (except that any representation and warranty that is qualified by
materiality shall to that extent so qualified be true and correct in all respects) on and as of such earlier date (it being understood that references therein to the Credit Agreement shall be deemed to refer to the Credit Agreement as amended by
this Amendment and after giving effect to the amendments set forth herein);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the execution, delivery and performance by each Loan Party of this Amendment have been duly authorized by all
necessary corporate or other organizational action, as applicable, of such Loan Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) this Amendment has been duly executed and delivered by such Loan Party; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) no Default or Event of Default has occurred, is continuing or would exist after giving effect to this
Amendment.

ARTICLE IV

<u>Effectiveness</u> 

Section 4.1 <u>Effective Date</u>. This Amendment shall become effective on the date (the "<u>Third</u> <u>Amendment Effective Date</u>") on which:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Administrative Agent shall have received counterparts to this Amendment duly executed and delivered by
facsimile transmission or electronic mail (in "pdf" or similar format) by each Loan Party and the Administrative Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Administrative Agent has received written legal opinions (and applicable resolutions and authorities) in
form and substance satisfactory to it from counsel to each other Loan Parties in respect of this Amendment Agreement; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Parent shall have paid to the Administrative Agent (for the account of each Lender consenting to the
Leverage Ratio Adjustment amendments a consent fee of 0.08% of its total Commitments (as at the date of this Amendment). Such consent fee shall be payable within two (2) Business Days of the Third Amendment Effective Date.

Section 4.2 <u>Notification.</u> The Administrative Agent shall notify the Loan Parties and the Lenders of the Third Amendment Effective Date, and such notice shall be conclusive and binding.

ARTICLE V

<u>Miscellaneous</u> 

Section 5.1 <u>Effect of Amendment</u>. Except as modified pursuant hereto, no other changes or modifications to the Existing Credit Agreement or Loan Documents are intended or implied and in all other respects the Existing Credit Agreement and Loan Documents are hereby specifically ratified, restated and confirmed by all parties hereto as of the effective date hereof. To the extent of conflict between the terms of this Amendment and the Loan Documents, the terms of this Amendment shall control. The Credit Agreement and this Amendment shall be read and construed as one agreement.

Section 5.2 <u>Further Assurances</u>. The parties hereto shall execute and deliver such additional documents and take such additional action as may be reasonably necessary or desirable to effectuate the provisions and purposes of this Amendment.

Section 5.3 <u>Binding Effect</u>. This Amendment shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns.

Section 5.4 <u>Severability</u>. Any provisions of this Amendment that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

Section 5.5 <u>Reference to the Effect on the Loan Documents</u>. Upon the effectiveness of this Amendment, (a) each reference in the Existing Credit Agreement to this "Agreement," "hereunder," "hereof," "herein" or words of similar import and (b) each reference in any other Loan Document to "the Credit Agreement", shall mean and be a reference to the Credit Agreement as amended by this Amendment. This Amendment is a "Loan Document" for purposes of the Credit Agreement.

Section 5.6 <u>Headings</u>. The headings listed herein are for convenience only and do not constitute matters to be construed in interpreting this Amendment.

Section 5.7 <u>Counterparts; Electronic Signatures</u>. This Amendment may be in the form of an Electronic Record and may be executed using Electronic Signatures (including, without limitation, facsimile and .pdf) and shall be considered an original, and shall have the same legal effect, validity and enforceability as a paper record. For the avoidance of doubt, the authorization under this Section may include, without limitation, use or acceptance by the Administrative Agent of a manually signed paper communication which has been converted into electronic form (such as scanned into PDF format), or an electronically signed communication converted into another format, for transmission, delivery and/or retention. Notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it; provided, further, without limiting the foregoing, (a) to the extent the Administrative Agent has agreed to accept such Electronic Signature, the Administrative Agent shall be entitled to rely on any such Electronic Signature without further verification and (b) upon the request of the Administrative Agent any Electronic Signature shall be promptly followed by a manually executed, original counterpart. For purposes hereof, "Electronic Record" and "Electronic Signature" shall have the

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meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time. This Amendment may be executed by one or more parties to this Amendment on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Amendment by facsimile transmission or electronic mail (in ".pdf" or similar format) shall be effective as of delivery a manually executed counterpart hereof.

Section 5.8 <u>Governing Law; Jurisdiction; Consent to Service of Process.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Amendment and the rights and obligations of the parties under this Amendment shall be governed by, and
construed and interpreted in accordance with, the law of the State of New York without regard to conflict of law principles that would result in the application of any law other than the law of the State of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each party hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive
jurisdiction of the Supreme Court 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, in any action or proceeding arising out of
or relating to this Amendment, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in
such New York State or, to the extent permitted by law, in such federal court. To the extent that any Loan Party has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether through service or notice,
attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself or its property, such Loan Party hereby irrevocably waives such immunity in respect of its obligations under this Amendment. Each of the
parties hereto agrees that a final judgment in any such action or proceeding shall 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 shall affect any
right that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Amendment against any Loan Party or any of their respective properties in the courts of any jurisdiction to enforce a judgment
obtained in accordance with this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Loan Party hereby irrevocably and unconditionally waives, to the fullest extent it may legally and
effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Amendment in any court referred to in paragraph (b) of this Section. Each of the
parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each party to this Amendment irrevocably consents to service of process in the manner provided for notices in
Section 11.01 of the Credit Agreement. In addition, each Loan Party (other than Teva USA) hereby irrevocably designates, appoints and empowers Teva USA (the " <u>Process Agent</u> "), in the case of any suit, action or proceeding
brought in the United States as its designee, appointee and agent to receive, accept and acknowledge for and on its behalf, and in respect of its property, service of any kind and all legal process, summons, notices and documents that may be served
in any action or proceeding arising out of or in connection with this Amendment or any other Loan Document. By executing this Amendment, Teva USA hereby irrevocably accepts such designation, appointment and agency, which shall remain in full force
and effect until such time as Teva USA ceases to be a Borrower under the Credit Agreement (at which time each Loan Party shall designate a replacement Process Agent satisfactory to the Administrative Agent (and deliver the appropriate documentation
in respect thereof as reasonably requested by the Administrative Agent)). Such service may be made by mailing (by registered or certified mail, postage prepaid) or delivering a copy of such process to such Person in care of the Process Agent at

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the Process Agent's above address, and such Person hereby irrevocably authorizes and directs the Process Agent to accept such service on its behalf. As an alternative method of service, each Loan Party irrevocably consents to the service of any and all process in any such action or proceeding by the mailing (by registered or certified mail, postage prepaid) of copies of such process to the Process Agent or such Person at its address specified in Section 11.01 of the Credit Agreement. Nothing in this Amendment will affect the right of any party to this Amendment to serve process in any other manner permitted by law.

Section 5.9 <u>WAIVER OF JURY TRIAL.</u> EACH PARTY HERETO HEREBY 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 OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AMENDMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

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

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| | |
|:---|:---|
| **TEVA PHARMACEUTICAL INDUSTRIES LIMITED** | **TEVA PHARMACEUTICAL INDUSTRIES LIMITED** |
|  Name: | /s/ Eli Kalif |
| Title: | Executive Vice President and Chief Financial Officer |
|  Name: | /s/ Amit Hazan |
| Title: | Vice President, Head of Corporate Finance and FRM |
| **TEVA PHARMACEUTICALS USA, INC.** | **TEVA PHARMACEUTICALS USA, INC.** |
|  Name: | /s/ Sharon Barber-Lui |
| Title: | Chief Financial Officer & Senior Vice President |
|  Name: | /s/ Brian Shanahan |
| Title: | VP General Counsel, Transactions |
| **TEVA PHARMACEUTICAL FINANCE NETHERLANDS II B.V.** | **TEVA PHARMACEUTICAL FINANCE NETHERLANDS II B.V.** |
|  Name: | /s/ Amit Hazan |
| Title: | Managing Director |
|  Name: | /s/ David Vrhovec |
| Title: | Managing Director |

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[*Signature Page to 2025 RCF Amendment*]

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| | |
|:---|:---|
| **TEVA PHARMACEUTICAL FINANCE NETHERLANDS III B.V.** | **TEVA PHARMACEUTICAL FINANCE NETHERLANDS III B.V.** |
|  Name: | /s/ Amit Hazan |
| Title: | Managing Director |
|  Name: | /s/ David Vrhovec |
| Title: | Managing Director |

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[*Signature Page to 2025 RCF Amendment*]

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| | |
|:---|:---|
| **BANK OF AMERICA, N.A., as Administrative Agent** | **BANK OF AMERICA, N.A., as Administrative Agent** |
|  Name: | /s/ David J. Smith |
| Title: | Vice President |

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**<u>Annex A</u>**

**Form of Covenant Suspension/Reversion Notice** 

Dated: _____, 202 <sup>1</sup>

Bank of America, N.A.

as Administrative Agent

GATEWAY VILLAGE-900 BUILDING

900 W TRADE ST

CHARLOTTE, NC, 28255-0001

Attention: Brittany Sheppard

Ladies and Gentlemen:

This Notice of [Covenant Suspension]/[Covenant Reversion] (the "<u>Notice</u>") is delivered you under Section 6.04(d)(iii) of the Senior Unsecured Sustainability-Linked Revolving Credit Agreement, dated as of April 29, 2022 (as amended by that certain Amendment, dated February 6, 2023, by that certain Second Amendment, dated May 3, 2024, and by that Third Amendment, dated as of December 10, 2025, and as may be further amended, restated, extended, supplemented or otherwise modified in writing from time to time, the "<u>Credit Agreement</u>"), between, amongst others, TEVA PHARMACEUTICAL INDUSTRIES LIMITED (the "<u>Company</u>" or "<u>Parent</u>"), the Lenders party thereto and BANK OF AMERICA, N.A., (the "<u>Administrative Agent</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Pursuant to <u>Section</u> <u>6.04(d)(iii)</u> of the Credit Agreement, the Parent hereby gives
notice to the Administrative Agent of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Parent obtained Investment Grade Status on [•], 202[ ] (the " <u>Covenant Suspension Date</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. OR

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) [The Parent ceased to have Investment Grade Status] [and / or] [an Event of Default occurred and is continuing
under the Credit Agreement] on [•], 202[ ] (the " <u>Reversion Date</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. [As of the Covenant Suspension Date, no Event of Default as occurred of is continuing.]<sup>2</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. All capitalized undefined terms used herein have the meanings assigned thereto in the Credit Agreement.

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<sup>1</sup> To be dated and delivered to the Administrative Agent no later than ten (10) Business Days after any officer of the Parent becomes aware or should have become aware of the Covenant Suspension Date or Reversion Date.

<sup>2</sup> To be included in connection with a Notice of Covenant Suspension.

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IN WITNESS WHEREOF, the undersigned has executed this Notice.

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| |
|:---|
| **TEVA PHARMACEUTICAL INDUSTRIES LIMITED** |
|  Name: |
| Title: |
|  Name: |
| Title: |

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[Signature Page to [Covenant Suspension]/[Reversion Notice]]