Document:

exv10w3

 

EXHIBIT 10.3

[THERMO LETTERHEAD]

April 4, 2008

Marijn E. Dekkers

President and Chief Executive Officer

Thermo Fisher Scientific Inc.

81 Wyman Street

Waltham, MA 02454

Dear Marijn

Reference is hereby made to your Stock Option Agreement dated as of March 5, 2008 to purchase
982,000 shares of the Company’s common stock under the Company’s 2005 Stock Incentive Plan (the
“Stock Option Agreement”). This letter confirms our agreement as to the following:

1. The second to last sentence of Section 2(c) of the Stock Option Agreement which sets forth a
definition of the term “cause” shall be deleted in its entirety and the following substituted
therefore:

“For purposes of this Agreement, “Cause” shall have the meaning set forth in the Employment
Agreement.”

2. Subsection (c) of Section 3 of the Stock Option Agreement is hereby amended by deleting the
phrase “notwithstanding anything to the contrary set forth in the Employment Agreement,”.

Very truly yours,

/s/
Stephen P. Kaufman
Stephen P. Kaufman

Chairman of the Compensation Committee

of the Board of Directors

AGREED AND ACCEPTED:

/s/ Marijn E. Dekkers

Marijn E. Dekkers

April 7, 2008Exhibit 10.1

 

Exhibit 10.1

FIRST AMENDMENT TO CREDIT AGREEMENT

          FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of March 31, 2008,
among REYNOLDS AMERICAN INC., a North Carolina corporation (the “Borrower”) and various
lending institutions party to the Credit Agreement referred to below. All capitalized terms used
herein and not otherwise defined herein shall have the respective meanings provided such terms in
the Credit Agreement.

W I T N E S S E T H :

          WHEREAS, the Borrower, various lending institutions (the “Lenders”) and JPMorgan Chase
Bank, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”), are
parties to a Fifth Amended and Restated Credit Agreement, dated as of June 28, 2007 (as so amended
and restated, the “Credit Agreement”); and

          WHEREAS, the Borrower and the Lenders wish to amend the Credit Agreement as provided herein;

          NOW, THEREFORE, it is agreed:

I. Amendments to the Credit Agreement.

     1. Section 8.02 of the Credit Agreement is hereby amended by (i) deleting the word “and”
appearing at the end of clause (l) of said Section, (ii) deleting the period at the end of clause
(m) of said Section and inserting the text “; and” in lieu thereof, and (iii) inserting the
following new clause (n) immediately after clause (m) of said Section:

     “(n) the Borrower or any its Subsidiaries may dispose of real properties and
related assets owned by it to any other Person (whether by donation, sale below Fair
Market Value or otherwise), so long as (i) no Default or Event of Default then
exists or would result therefrom and (ii) the aggregate Fair Market Value
(determined at the time of the respective disposition) of all properties and related
assets disposed of pursuant to this clause (n) does not exceed $15,000,000.”.

     2. Section 8.09(b) of the Credit Agreement is hereby amended by inserting the following text
at the end of said Section:

“; provided, further, that (x) any cash acquired by R.J. Reynolds
Tobacco C.V. pursuant to the Valuation Payment Settlement Agreement, dated February
20, 2008, between R.J. Reynolds Tobacco C.V. and Gallaher Limited, (y) any cash
received by SFR Tobacco International GmbH in connection with the Swiss law demerger
of R.J. Reynolds-Gallaher International Sarl, and (z) any cash acquired by R.J.
Reynolds Tobacco B.V. representing the proceeds of intercompany loans made by R.J.
Reynolds Tobacco C.V. and SFR Tobacco International GmbH with the cash described in
preceding clause (x) or (y), as applicable, in each case together with investments
thereof in Marketable Investments and related returns

 

thereon, shall be excluded for purposes of determining compliance with clause (ii)
of the immediately preceding proviso”.

     3. The definition of “Material Subsidiary” appearing in Section 10 of the Credit
Agreement is hereby amended by inserting the text “but excluding R.J. Reynolds Tobacco C.V., R.J.
Reynolds Tobacco B.V. and SFR Tobacco International GmbH” immediately after the text “upon
consummation of a Permitted Acquisition” appearing in said definition.

     4. The definition of “Material Subsidiary Threshold Event” appearing in Section 10 of
the Credit Agreement is hereby amended by inserting the text “(other than R.J. Reynolds Tobacco
C.V., R.J. Reynolds Tobacco B.V. and SFR Tobacco International GmbH)” immediately after the text
“book value of the assets of all Subsidiaries of the Borrower” appearing in said definition.

II. Miscellaneous Provisions.

          1.   In order to induce the Lenders to enter into this Amendment, the Borrower hereby (i)
makes each of the representations, warranties and agreements contained in Section 6 of the Credit
Agreement, and (ii) represents and warrants that there exists no Default or Event of Default, in
each case on the First Amendment Execution Date (as defined below) and the First Amendment
Effective Date (as defined below), both before and after giving effect to this Amendment.

          2.   This Amendment is limited as specified and shall not constitute a modification,
acceptance or waiver of any other provision of the Credit Agreement or any other Credit Document.

          3.   This Amendment may be executed in any number of counterparts and by the different parties
hereto on separate counterparts, each of which counterparts when executed and delivered shall be an
original, but all of which shall together constitute one and the same instrument. A complete set
of counterparts shall be lodged with the Borrower and the Administrative Agent.

          4.   THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED
IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

          5.   From and after the First Amendment Effective Date, all references in the Credit Agreement
and each of the other Credit Documents to the Credit Agreement shall be deemed to be references to
the Credit Agreement as amended hereby.

          6. Upon the date (the “First Amendment Execution Date”) of the execution of a copy of
this Amendment (whether the same or different copies) by the Borrower and the Lenders constituting
Required Lenders under the Credit Agreement and the delivery (including by way of facsimile
transmission) of the same to White & Case LLP, 1155 Avenue of the Americas, New York, New York
10036, Attention: Aliza Feldman (Facsimile No.: (212) 354-8113), this Amendment shall be deemed to
become effective on March 31, 2008 (such date of effectiveness as provided above, the “First
Amendment Effective Date”).

-2-

 

          7. The Borrower hereby covenants and agrees that, so long as the First Amendment Execution
Date occurs, it shall pay to each Lender which executes and delivers to the Administrative Agent
(or its designee) a counterpart hereof prior to the Amendment Payment Date referred to below, a
non-refundable cash fee (the “Amendment Fee”) in Dollars in an amount equal to 5 basis
points (i.e., 0.05%) of the amount of the Revolving Loan Commitment of such Lender as in
effect on the First Amendment Execution Date, which amounts shall be paid by the Borrower to the
Administrative Agent for distribution to the relevant Lenders not later than the seventh Business
Day following the First Amendment Execution Date (such date of payment, the “Amendment Payment
Date”). The Amendment Fee shall be deemed to constitute a “Fee” for all purposes of the Credit
Agreement and the other Credit Documents.

* * *

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          IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Amendment to
be duly executed and delivered as of the date first above written.

	 	 	 	 	 
	 	REYNOLDS AMERICAN INC., as the Borrower

 	 
	 	By:  	/s/ Daniel Fawley
 	 
	 	 	Name:  	Daniel Fawley 	 
	 	 	Title:  	SVP & Treasurer 	 
	 

 

	 	 	 	 	 
	 	LEAD AGENTS

JPMORGAN CHASE BANK, Individually, as

     Administrative Agent

 	 
	 	By:  	/s/ Barbara R. Marks
 	 
	 	 	Name:  	Barbara R. Marks 	 
	 	 	Title:  	Executive Director 	 
	 
	 	CITIGROUP GLOBAL MARKETS INC., 

     Individually, as Syndication Agent, 

     as Joint Lead Arranger

     and as Joint Bookrunner

 	 
	 	By:  	/s/ Carolyn A. Kee
 	 
	 	 	Name:  	Carolyn A. Kee 	 
	 	 	Title:  	Managing Director 	 
	 
	 	MIZUHO CORPORATE BANK, LTD.,

     Individually and as
Documentation Agent

 	 
	 	By:  	/s/ James R. Fayen
 	 
	 	 	Name:  	James R. Fayen 	 
	 	 	Title:  	Deputy General Manager 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST ABOVE WRITTEN, AMONG REYNOLDS
AMERICAN, INC., VARIOUS LENDERS PARTY TO THE CREDIT AGREEMENT
AND JP MORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT

NAME OF INSTITUTION:

CITIBANK, N.A.
 

	 
	 	By:  	/s/ Karen A. Reid
 	 
	 	 	Name:  	Karen A. Reid 	 
	 	 	Title:  	Vice President 	 
	 
	 	NAME OF INSTITUTION:

City National Bank of New Jersey 

 	 
	 	By:  	/s/ Raul Oseguera
 	 
	 	 	Name:  	Raul Oseguera 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	NAME OF INSTITUTION:

United FCS, PCA (f/k/a Farm Credit Services

of Minnesota Valley, PCA) dba

FCS Commercial Finance Group

 	 
	 	By:  	/s/ Daniel J. Best
 	 
	 	 	Name:  	Daniel J. Best 	 
	 	 	Title:  	Asst. Vice President 	 
	 
	 	NAME OF INSTITUTION:

GENERAL ELECTRIC CAPITAL CORPORATION

 	 
	 	By:  	/s/ Robert E. Kelly
 	 
	 	 	Name:  	Robert E. Kelly 	 
	 	 	Title:  	Duly Authorized Signatory 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	NAME OF INSTITUTION:

LEHMAN COMMERCIAL PAPER INC.

 	 
	 	By:  	/s/ Abuva Schwager
 	 
	 	 	Name:  	Abuva Schwager 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	NAME OF INSTITUTION:

AgFirst Farm Credit Bank

 	 
	 	By:  	/s/ Steven J. O’ Shea
 	 
	 	 	Name:  	Steven J. O’Shea 	 
	 	 	Title:  	Vice President 	 
	 
	 	NAME OF INSTITUTION:

Farm Credit Bank of Texas

 	 
	 	By:  	/s/ Issac E. Bennett
 	 
	 	 	Name:  	Issac E. Bennett 	 
	 	 	Title:  	Vice President 	 
	 
	 	NAME OF INSTITUTION:

GOLDMAN SACHS CREDIT PARTNERS, L.P.

 	 
	 	By:  	/s/ Andrew Caditz
 	 
	 	 	Name:  	Andrew Caditz 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	NAME OF INSTITUTION:

THE BANK OF NEW YORK

 	 
	 	By:  	/s/ Carl S. Tabacjar, Jr.
 	 
	 	 	Name:  	Carl S. Tabacjar, Jr. 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	NAME OF INSTITUTION:

The Bank of Nova Scotia

 	 
	 	By:  	/s/ Todd Meller
 	 
	 	 	Name:  	Todd Meller 	 
	 	 	Title:  	Managing Director 	 
	 
	 	NAME OF INSTITUTION:

Wachovia Bank, National Association

 	 
	 	By:  	/s/ Denis Waltrich
 	 
	 	 	Name:  	Denis Waltrich 	 
	 	 	Title:  	Vice President 	 
	 
	 	NAME OF INSTITUTION:

MORGAN STANLEY BANK

	 
	 	By:  	/s/ Daniel Twenge
 	 
	 	 	Name:  	Daniel Twenge 	 
	 	 	Title:  	Authorized Signatory

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