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Document

Exhibit 10.1

AMENDMENT NO. 1
This Amendment No. 1 (this “Agreement”) to the Credit Agreement (as defined below) is dated as of September 2, 2022, among PHILIP MORRIS INTERNATIONAL INC., a Virginia corporation (“PMI”), the Lenders party hereto and CITIBANK EUROPE PLC, UK BRANCH, as Facility Agent.
WHEREAS, PMI, the Lenders and the Facility Agent are parties to that certain 364-Day Bridge Credit Agreement, dated as of May 11, 2022 (as amended or modified from time to time, the “Credit Agreement”); and
WHEREAS, PMI, the Lenders party hereto and Facility Agent desire to amend certain provisions under the Credit Agreement.
NOW, THEREFORE, in consideration of the premises set forth above and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1.Definitions. Capitalized terms used and not defined in this Agreement shall have the respective meanings given them in the Credit Agreement.
2.Amendment to Credit Agreement. The following definition in Section 1.1 of the Credit Agreement is amended and restated in its entirety as follows:
“Minimum Acceptance Condition” means that the number of acceptances received by the Offeror in respect of the Offer from shareholders of the Target in respect of the Target Shares and/or Target Shares otherwise acquired or owned by the Offeror (or to be acquired or owned by the Offeror on the date the payment is made by the settlement agent to the shareholders in connection with the Offer) exceeds 50% of the total issued and outstanding Target Shares (for the avoidance of doubt, excluding any treasury shares held by the Target).
3.Limited Effect. Except as expressly provided hereby, all of the terms and provisions of the Credit Agreement and other related documents are and shall remain in full force and effect and are hereby ratified and confirmed. The amendments contained herein shall not be construed as a waiver or amendment of any other provision of the Credit Agreement or other related documents or for any purpose except as expressly set forth herein.
For the avoidance of doubt, by executing and delivering this Agreement, each Lender party hereto agrees that, notwithstanding anything to the contrary in the Credit Agreement, the changes set forth herein do not contravene Section 5.1(d) of the Credit Agreement and are not materially adverse to the interest of the Lenders (taken as a whole) under Section 5.1(d) of the Credit Agreement.
4.Condition Precedent. This Agreement shall become effective on and as of the first date this Agreement shall have been duly executed and delivered by PMI, the Lenders (which constitute all Lenders under the Credit Agreement) and the Facility Agent.  

    
    

5.Headings. Section headings included herein are for convenience of reference only and shall not constitute a part of this Agreement for any other purpose or be given any substantive effect.
6.Binding Effect. This Agreement shall be binding upon and inure to the benefit of PMI, the Facility Agent and each Lender party hereto, and each of their respective successors and assigns.
7.Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York.
8.Execution in Counterparts. This 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 of an executed counterpart of a signature page to this Agreement in .PDF format or by facsimile shall be effective as delivery of a manually executed counterpart of this Agreement.
[SIGNATURE PAGES FOLLOW]
2
    
    

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written.
						
	PHILIP MORRIS INTERNATIONAL INC.
	By:	/s/ Frank de Rooij
		Name:    Frank de Rooij
		Title:    Vice President
    Treasury and Corporate Finance

[Signature Page to Amendment No. 1]
    

						
	CITIBANK EUROPE PLC, UK BRANCH, as Facility Agent

	By:	/s/ Alessandra Torio Scaglia
		Name: Alessandra Torio Scaglia
		Title: Vice President

						
	CITIBANK, N.A., JERSEY BRANCH, as Lender

	By:	/s/ Jitendra Pal
		Name:    Jitendra Pal
		Title:    Vice President

			
	CITICORP NORTH AMERICA INC., as Lender

						
	By:	/s/ Zain Zaidi
		Name:    Zain Zaidi
		Title: Managing Director

    

[Signature Page to Amendment No. 1]
    
    

						
	BANK OF AMERICA, N.A., LONDON BRANCH as Lender

	By:	/s/ Defne Gabay
		Name:    Defne Gabay
Title: Vice President

[Signature Page to Amendment No. 1]
    
    

						
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH, as Lender

	By:	/s/ Cara Younger
		Name:    Cara Younger
Title: Managing Director

						
	By:	/s/ Mauricio Benitez
		Name:    Mauricio Benitez
Title: Managing Director

[Signature Page to Amendment No. 1]
    
    

						
	BANCO SANTANDER, S.A., as Lender

	By:	/s/ Fatima Moreno
		Name:    Fatima Moreno
Title:

						
	By:	/s/ Lucas Videla
		Name:    Lucas Videla
Title: M.D.

[Signature Page to Amendment No. 1]
    
    

						
	BARCLAYS BANK PLC, as Lender

	By:	/s/ Joulia Fraser
		Name:    Joulia Fraser
Title: Vice President

[Signature Page to Amendment No. 1]
    
    

						
	CREDIT SUISSE AG, NEW YORK BRANCH, as Lender

	By:	/s/ Komal Shah
		Name:    Komal Shah
Title: Authorized Signatory

	By:	/s/ Michael Dieffenbacher
		Name:    Michael Dieffenbacher
Title: Authorized Signatory

	

CREDIT SUISSE (SWITZERLAND) LTD.,  as Lender

	By:	/s/ Ursula Schwarzenberger
		Name: Ursula Schwarzenberger    
Title: Authorised Signatory

						
	By:	/s/ Christoph Bischofberger
		Name:    Christoph Bischofberger
Title: Authorised Signatory

[Signature Page to Amendment No. 1]
    
    

						
	DEUTSCHE BANK AG CAYMAN ISLANDS BRANCH,  as Lender

	By:	/s/ Ming K. Chu
		Name: Ming K. Chu    
Title: Director

						
	By:	/s/ Jonathan Krissel
		Name:    Jonathan Krissel
Title: Managing Director

[Signature Page to Amendment No. 1]
    
    

						
	HSBC CONTINENTAL EUROPE,  as Lender

	By:	/s/ Eric Beautheac
		Name: Eric Beautheac
Title: Director, Head of Multinationals France

						
	By:	/s/ Jean-Philippe Huguet
		Name:    Jean-Philippe Huguet
Title: Managing Director, Head of Multinationals for Continental Europe

						
	HSBC BANK PLC, as Lender

	By:	/s/ Rod Stoyle
		Name:    Rod Stoyle
		Title: Vice President

[Signature Page to Amendment No. 1]
    
    

						
	MIZUHO BANK LTD., as Lender

	By:	/s/ John Davies
		Name:    John Davies
Title: Authorized Signatory

[Signature Page to Amendment No. 1]
    
    

						
	STANDARD CHARTERED BANK, as Lender

	By:	/s/ Simon Derrick
		Name: Simon Derrick

		Title:    Managing Director

[Signature Page to Amendment No. 1]
    
    

						
	SUMITOMO BANKING CORPORATION, as Lender

	By:	/s/ Haruhisa Okamoto
		Name:    Haruhisa Okamoto
Title: Managing Director

						
	By:	/s/ Dr. Harald Wimmer
		Name:    Dr. Harald Wimmer
Title: Executive Director

[Signature Page to Amendment No. 1]
    
    

						
	WELLS FARGO BANK, N.A., LONDON BRANCH, as Lender

	By:	/s/ Jonathan Childs
		Name: Jonathan Childs

		Title:    Director

[Signature Page to Amendment No. 1]
    
    

						
	BANK OF CHINA (EUROPE) S.A., as Lender

	By:	/s/ Guo Zhiyaho
		Name:    Mr. Guo Zhiyaho 
Title: Deputy General Manager

[Signature Page to Amendment No. 1]
    
    

						
	COMMERZBANK AG, NEW YORK BRANCH, as Lender

	By:	/s/ Pedro Bell
		Name: Pedro Bell
Title: Managing Director

						
	By:	/s/ Majed Roz
		Name:    Majed Roz
Title: Director

[Signature Page to Amendment No. 1]
    
    

						
	MUFG BANK, LTD., as Lender

	By:	/s/ Sarah Carroll
		Name: Sarah Carroll

		Title:    Managing Director

[Signature Page to Amendment No. 1]Document

Exhibit 10.2

AMENDMENT NO. 1
This Amendment No. 1 (this “Agreement”) to the Credit Agreement (as defined below) is dated as of September 2, 2022, among PHILIP MORRIS INTERNATIONAL INC., a Virginia corporation (“PMI”), the Lenders party hereto and CITIBANK EUROPE PLC, UK BRANCH, as Facility Agent.
WHEREAS, PMI, the Lenders and the Facility Agent are parties to that certain Term Loan Credit Agreement, dated as of June 23, 2022 (as amended or modified from time to time, the “Credit Agreement”); and
WHEREAS, PMI, the Lenders party hereto and Facility Agent desire to amend certain provisions under the Credit Agreement.
NOW, THEREFORE, in consideration of the premises set forth above and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1.Definitions. Capitalized terms used and not defined in this Agreement shall have the respective meanings given them in the Credit Agreement.
2.Amendment to Credit Agreement. The following definition in Section 1.1 of the Credit Agreement is amended and restated in its entirety as follows:
“Minimum Acceptance Condition” means that the number of acceptances received by the Offeror in respect of the Offer from shareholders of the Target in respect of the Target Shares and/or Target Shares otherwise acquired or owned by the Offeror (or to be acquired or owned by the Offeror on the date the payment is made by the settlement agent to the shareholders in connection with the Offer) exceeds 50% of the total issued and outstanding Target Shares (for the avoidance of doubt, excluding any treasury shares held by the Target).
3.Limited Effect. Except as expressly provided hereby, all of the terms and provisions of the Credit Agreement and other related documents are and shall remain in full force and effect and are hereby ratified and confirmed. The amendments contained herein shall not be construed as a waiver or amendment of any other provision of the Credit Agreement or other related documents or for any purpose except as expressly set forth herein.
For the avoidance of doubt, by executing and delivering this Agreement, each Lender party hereto agrees that, notwithstanding anything to the contrary in the Credit Agreement, the changes set forth herein do not contravene Section 5.1(d) of the Credit Agreement and are not materially adverse to the interest of the Lenders (taken as a whole) under Section 5.1(d) of the Credit Agreement.
4.Condition Precedent. This Agreement shall become effective on and as of the first date this Agreement shall have been duly executed and delivered by PMI, the Lenders (which constitute all Lenders under the Credit Agreement) and the Facility Agent.  

    

5.Headings. Section headings included herein are for convenience of reference only and shall not constitute a part of this Agreement for any other purpose or be given any substantive effect.
6.Binding Effect. This Agreement shall be binding upon and inure to the benefit of PMI, the Facility Agent and each Lender party hereto, and each of their respective successors and assigns.
7.Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York.
8.Execution in Counterparts. This 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 of an executed counterpart of a signature page to this Agreement in .PDF format or by facsimile shall be effective as delivery of a manually executed counterpart of this Agreement.
[SIGNATURE PAGES FOLLOW]

    

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written.
						
	PHILIP MORRIS INTERNATIONAL INC.
	By:	/s/ Frank de Rooij
		Name:    Frank de Rooij
		Title:    Vice President
    Treasury and Corporate Finance

[Signature Page to Term Loan Amendment No. 1]
    
    

						
	CITIBANK EUROPE PLC, UK BRANCH, as Facility Agent

	By:	/s/ Alessandra Torio Scaglia
		Name: Alessandra Torio Scaglia
		Title: Vice President

						
	CITIBANK, N.A., as Lender

	By:	/s/ Adrian Bain
		Name:    Adrian Bain
Title: Director

[Signature Page to Term Loan Amendment No. 1]
    
    

						
	BANK OF AMERICA, N.A., LONDON BRANCH as Lender

	By:	/s/ Defne Gabay
		Name:    Defne Gabay
Title: Vice President

[Signature Page to Term Loan Amendment No. 1]
    
    

						
	MIZUHO BANK LTD., as Lender

	By:	/s/ John Davies
		Name:    John Davies
Title: Authorized Signatory

[Signature Page to Term Loan Amendment No. 1]
    
    

						
	SUMITOMO BANKING CORPORATION, as Lender

	By:	/s/ Haruhisa Okamoto
		Name:    Haruhisa Okamoto
Title: Managing Director

						
	By:	/s/ Dr. Harald Wimmer
		Name:    Dr. Harald Wimmer
Title: Executive Director

[Signature Page to Term Loan Amendment No. 1]
    
    

						
	BARCLAYS BANK PLC, as Lender

	By:	/s/ Joulia Fraser
		Name:    Joulia Fraser
Title: Vice President

[Signature Page to Term Loan Amendment No. 1]
    
    

						
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH, as Lender

	By:	/s/ Cara Younger
		Name:    Cara Younger
Title: Managing Director

						
	By:	/s/ Mauricio Benitez
		Name:    Mauricio Benitez
Title: Managing Director

[Signature Page to Term Loan Amendment No. 1]
    
    

						
	BANCO SANTANDER, S.A., as Lender

	By:	/s/ Fatima Moreno
		Name:    Fatima Moreno
Title: 

						
	By:	/s/ Lucas Videla
		Name:    Lucas Videla
Title: M.D.

[Signature Page to Term Loan Amendment No. 1]
    
    

						
	BANK OF CHINA (EUROPE) S.A., as Lender

	By:	/s/ Guo Zhiyaho
		Name:    Mr. Guo Zhiyaho 
Title: Deputy General Manager

[Signature Page to Term Loan Amendment No. 1]
    
    

						
	CREDIT SUISSE AG, NEW YORK BRANCH, as Lender

	By:	/s/ Komal Shah
		Name:    Komal Shah
Title: Authorized Signatory

	By:	/s/ Michael Dieffenbacher
		Name:    Michael Dieffenbacher
Title: Authorized Signatory

						
	CREDIT SUISSE (SWITZERLAND) LTD.,  as Lender

	By:	/s/ Ursula Schwarzenberger
		Name: Ursula Schwarzenberger    
Title: Authorised Signatory

						
	By:	/s/ Christoph Bischofberger
		Name:    Christoph Bischofberger
Title: Authorised Signatory

[Signature Page to Term Loan Amendment No. 1]
    
    

						
	DEUTSCHE BANK AG NEW YORK BRANCH,  as Lender

	By:	/s/ Ming K. Chu
		Name: Ming K. Chu    
Title: Director

						
	By:	/s/ Annie Chung
		Name:    Annie Chung
Title: Director

[Signature Page to Term Loan Amendment No. 1]
    
    

						
	HSBC CONTINENTAL EUROPE,  as Lender

	By:	/s/ Eric Beautheac
		Name: Eric Beautheac
Title: Director, Head of Multinationals France

						
	By:	/s/ Jean-Philippe Huguet
		Name:    Jean-Philippe Huguet
Title: Managing Director, Head of Multinationals for Continental Europe

						
	HSBC BANK PLC, as Lender

	By:	/s/ Rod Stoyle
		Name:    Rod Stoyle
		Title: Vice President

[Signature Page to Term Loan Amendment No. 1]
    
    

						
	STANDARD CHARTERED BANK, as Lender

	By:	/s/ Simon Derrick
		Name: Simon Derrick

		Title:    Managing Director

[Signature Page to Term Loan Amendment No. 1]
    
    

						
	WELLS FARGO BANK, N.A., LONDON BRANCH, as Lender

	By:	/s/ Jonathan Childs
		Name: Jonathan Childs

		Title:    Director

[Signature Page to Term Loan Amendment No. 1]
    
    

						
	COMMERZBANK AG, NEW YORK BRANCH, as Lender

	By:	/s/ Pedro Bell
		Name: Pedro Bell
Title: Managing Director

						
	By:	/s/ Majed Roz
		Name:    Majed Roz
Title: Director

[Signature Page to Term Loan Amendment No. 1]
    
    

						
	MUFG BANK, LTD., as Lender

	By:	/s/ Sarah Carroll
		Name: Sarah Carroll

		Title:    Managing Director

[Signature Page to Term Loan Amendment No. 1]

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