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  Exhibit 10.1    
    

March 14,
2011 

Animal
Health International, Inc.

7 Village Circle, Ste 200

Westlake, Texas 76262

Telephone: (817) 859-3000

Attention: Damian Olthoff, Esq. 

Re:
Equity Financing Commitments

Ladies
and Gentlemen: 

This
letter agreement (this "Agreement") sets forth the commitments of Green Equity Investors V, L.P., a Delaware limited partnership, and Green
Equity Investors Side V, L.P., a Delaware limited partnership (collectively, the "Funds" and each, a
"Fund"), subject to the terms and conditions contained herein, to
purchase certain equity interests of Lextron, Inc., a Colorado corporation ("Parent"). It is contemplated that, pursuant to (i) an
Agreement and Plan of Merger (as amended, restated, supplemented or otherwise modified from time to time, the "Merger Agreement"), dated as of the date
hereof, by and among Animal Health International, Inc., a Delaware corporation (the "Company"), Parent and Buffalo Acquisition, Inc., a
Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub"), Merger Sub will be merged with and into the Company (the
"Merger"), with the Company being the surviving entity of such Merger and a wholly-owned subsidiary of Parent and (ii) a Securities Purchase
Agreement (as amended, restated, supplemented or otherwise modified from time to time, the "Purchase Agreement"), dated as of the date hereof, by and
among Parent and the Funds, the Funds will purchase shares of 7.00% Series A Redeemable Conditional Convertible Participating Preferred Stock, no par value per share, in Parent (the
"Series A Preferred Stock"), and Parent will use (a) $100.0 million of the proceeds of such purchase to fund a portion of the
Merger Consideration (as defined in the Merger Agreement) and (b) up to $25.0 million of the proceeds of such purchase to fund the redemptions of capital stock described in the Purchase
Agreement. Each capitalized term used and not defined herein shall have the meaning ascribed thereto in the Purchase Agreement. 

 
 

           1.    Commitments.     Each Fund hereby commits to the Company (its "Commitment"), on a several (not joint and several) basis and subject
to the terms and conditions set forth herein and in the Purchase Agreement, that, at or prior to the Closing, it shall purchase, or shall cause the purchase of, Series A Preferred Stock with an
aggregate purchase price in cash equal to the amounts set forth opposite its name on Annex A. 

 
 

           2.    Conditions; Covenant to not Terminate.     Each Fund's Commitment shall be subject to (i) the
execution and delivery of the Purchase Agreement by Parent and (ii) the satisfaction or waiver of
each of the conditions to the Funds' obligations to effect the Closing set forth in Section 5 of the Purchase Agreement (other than any conditions that by their nature are to be satisfied at
the Closing). Each Fund agrees that, so long as the Merger Agreement is in full force and effect, such Fund will not agree to terminate the Purchase Agreement pursuant to Section 8.1(c) of the
Purchase Agreement. 

 
 

           3.    Limited Guaranty.     Concurrently with the execution and delivery of this Agreement, the Funds are
executing and delivering to the Company the Guaranty (as defined in the Merger
Agreement) in favor of the Company with respect to certain obligations of Parent and Merger Sub under the Merger Agreement. The Company's remedies against the Funds under the Guaranty shall be, and
are intended to be, the sole and exclusive direct or indirect remedies available to the Company against each Fund in respect of any liabilities or obligations arising under, or in connection with, the
Merger Agreement or the transactions contemplated thereby or the negotiation thereof, including in the event that Parent or Merger Sub breaches its obligations under the Merger Agreement, whether or
not such breach is caused by such Fund's breach of its obligations under the Purchase Agreement; provided, however, that each of the Funds expressly
acknowledge that the remedies available to the Company against each Fund in respect of any liabilities or obligations arising under this Agreement shall be in addition to the 

 

remedies
available under the Guaranty, and nothing contained in the Guaranty shall restrict the Company's rights to seek any remedies available under this Agreement. 

 
 

           4.    Parties in Interest; Third Party Beneficiaries.     The parties hereto hereby agree that their
respective agreements and obligations set forth herein are solely for the benefit of the other party hereto and its
respective successors and permitted assigns, in accordance with and subject to the terms of this Agreement, and this Agreement is not intended to, and does not, confer upon any Person other than the
parties hereto and their respective successors and permitted assigns any benefits, rights or remedies under or by reason of, or any rights to enforce or cause the Company to enforce, the obligations
set forth herein. 

 
 

           5.    No Modification; Entire Agreement.     This Agreement may not be amended or otherwise modified without
the prior written consent of the Funds and the Company. Together with the Guaranty, this Agreement
constitutes the sole agreement, and supersedes all prior agreements, understandings and statements, written or oral, between the Funds or any of their respective Affiliates, on the one hand, and the
Company or any of its Affiliates, on the other, with respect to the transactions contemplated hereby. 

 
 

           6.    Governing Law; Jurisdiction; Venue; Waiver of Jury Trial.     

        (a)   This
Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, applicable to contracts executed in and to be performed
entirely within that State, regardless of the laws that might otherwise govern under any applicable conflict of laws principles. 

        (b)   All
actions and proceedings arising out of or relating to this Agreement shall be heard and determined in the Chancery Court of the State of Delaware and any state
appellate court therefrom within the State of Delaware (or, if the Chancery Court of the State of Delaware declines to accept jurisdiction over a particular matter, any state or federal court of the
State of Delaware), and the parties hereto hereby irrevocably submit to the exclusive jurisdiction and venue of such courts in any such action or proceeding and irrevocably waive the defense of an
inconvenient forum or lack of jurisdiction to the maintenance of any such action or proceeding. The consents to jurisdiction and venue set forth in this Section 6(b) shall not constitute
general consents to service of process in the State of Delaware and shall have no effect for any purpose except as provided in this paragraph and shall not be deemed to confer rights on any Person
other than the parties hereto. Each party hereto agrees that service of process upon such party in any action or proceeding arising out of or relating to this Agreement shall be effective if notice is
given pursuant to Section 7 hereof. The parties hereto agree 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 any applicable Legal Requirements; provided, however, that
nothing in the foregoing shall restrict any party's rights to seek any post-judgment relief regarding, or any appeal from, such final trial court judgment. 

        (c)   EACH
OF THE PARTIES HERETO IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING BETWEEN THE PARTIES HERETO ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

 
 

           7.    Notices.     Except as otherwise provided in this Agreement, all notices, requests, claims, demands,
waivers and other communications required or permitted hereunder shall be
in writing and 

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shall
be mailed by registered or certified mail, postage prepaid, return receipt requested, or otherwise delivered by hand, recognized overnight delivery service, or by messenger,
addressed: 

	(a)
	if
to a Fund, to: 

c/o
Leonard Green & Partners, L.P.

11111 Santa Monica Blvd., Suite 2000

Los Angeles, California 90025

Telephone: (310) 954-0444

Attention: John M. Baumer

                   Alyse M. Wagner 

With
a copy to: 

Latham &
Watkins LLP

885 Third Avenue

New York, NY 10022

Telephone: (212) 906-1200

Attention: John Giouroukakis, Esq.

                   Howard A. Sobel, Esq. 

	(b)
	if
to the Company, to: 

Animal
Health International, Inc.

7 Village Circle, Ste 200

Westlake, Texas 76262

Telephone: (817) 859-3000

Attention: Damian Olthoff, Esq. 

With
a copy to: 

DLA
Piper LLP

33 Arch Street, 26th Floor

Boston, Massachusetts 02110-1447

Telephone: (617) 406-6000

Attention: Michael S. Turner, Esq. 

or
in any such case to such other address as either party may, from time to time, designate in a written notice given in a like manner. If notice is provided by mail, it shall be deemed to be
delivered upon proper deposit in a mailbox, and if notice is delivered by hand, messenger or overnight delivery service, it shall be deemed to be delivered upon actual delivery, as reflected in the
regular business records of the messenger or delivery service. 

 
 

           8.    Counterparts.     This Agreement may be executed in any number of counterparts (including by facsimile
or by PDF delivered via email), each such counterpart when executed being
deemed to be an original instrument, and all such counterparts shall together constitute one and the same agreement. 

 
 

          9.    Confidentiality.     This Agreement shall be treated as confidential and is being provided to the
Company solely in connection with the Merger. This Agreement may not be used,
circulated, quoted or otherwise referred to in any document by the Company except with the prior written consent of the Funds in each instance;  provided, that no such written consent is required for any
disclosure of the existence of this Agreement (i) to the extent required by applicable
Legal Requirements, the applicable rules of any national securities exchange or in connection with any United States Securities and Exchange Commission filing relating to the Merger
(provided, that the Company will provide the Funds an opportunity to review such required disclosure in advance of such public disclosure being made,
which review shall not unreasonably delay such public disclosure), (ii) to the extent that the information is already publicly available other than as a result of a breach of this Agreement by
the Company or any other Person, (iii) pursuant to any litigation relating to the Merger, the Merger Agreement or the 

3

 

transactions
contemplated thereby or (iv) to the Company's Affiliates, legal counsel, financial advisors or accountants who need to know of the existence of this Agreement and are subject to
confidentiality obligations. 

 
 

           10.    Termination.     The obligation of each Fund under or in connection with this Agreement will
terminate automatically and immediately upon the earliest to occur of (a) the
Closing (at which time all such obligations shall be discharged), (b) the valid termination of the Purchase Agreement pursuant to Section 8 thereof, (c) the valid termination of
the Merger Agreement pursuant to Article VIII thereof, (d) the Company, or any Person claiming by, through or for the benefit of the Company, accepting all or any portion of the Parent
Termination Fee or Regulatory Termination Fee, as applicable, pursuant to the Merger Agreement or under the Guaranty and (e) the Company or any of its Affiliates, or any Person claiming by,
through or for the benefit of the Company, asserting a claim against either of the Funds under or in connection with the Merger Agreement, other than a claim against the Funds under this Agreement or
the Guaranty. 

 
 

          11.    No Assignment.     The Commitments evidenced by this Agreement shall not be assignable, in whole or in
part, by the Company without each Fund's prior written consent, and the
granting of such consent in a given instance shall be solely in the discretion of such Fund and, if granted, shall not constitute a waiver of this requirement as to any subsequent assignment. Except
as expressly permitted by the Purchase Agreement, no transfer of any rights or obligations hereunder by any Fund shall be permitted without the prior written consent of the Company. Any purported
assignment of this Agreement or the Commitment in contravention of this Section 11 shall be void. 

 
 

          12.    Representations and Warranties.     Each Fund hereby represents and warrants, on a several (not joint
and several) basis and solely as to itself, to the Company that, except as would not reasonably
be expected to impair or delay such Fund's performance of its Commitment obligations hereunder in any material respect, (a) it has all limited partnership power and authority to execute,
deliver and perform this Agreement, (b) the execution, delivery and performance of this Agreement by it has been duly and validly authorized and approved by all necessary limited partnership
action by it, (c) this Agreement has been duly and validly executed and delivered by it and constitutes a valid and legally binding obligation of it, enforceable against it in accordance with
the terms of this Agreement, (d) its Commitment is less than the maximum amount that it is permitted to invest in any one portfolio investment pursuant to the terms of its organizational or
governing documents or otherwise, (e) it has (and at times prior to the termination of this Agreement, will have) uncalled capital commitments or otherwise has available funds in excess of the
sum of its Commitment hereunder plus the aggregate amount of all other commitments and obligations it currently has outstanding and (f) the execution, delivery and performance by the
undersigned of this letter agreement do not (i) violate the organizational documents of the undersigned, (ii) violate any applicable Legal Requirement or judgment or (iii) result
in any violation of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation or acceleration of any obligation or to the loss of any
benefit under, any Contract to which the undersigned is a party. 

 
 

           13.    Affiliated Parties.     Notwithstanding anything that may be expressed or implied in this Agreement
or any document or instrument delivered contemporaneously herewith, and
notwithstanding the fact that the Funds may be partnerships, by its acceptance of the benefits of this Agreement, the Company acknowledges and agrees that neither it nor any of its Affiliates have any
right of recovery against, and no liability shall attach to, the former, current or future direct or indirect equity holders, controlling persons, stockholders, directors, officers, employees, agents,
Affiliates, members, managers or general or limited partners of either Fund or any former, current or future direct or indirect equity holder, controlling person, stockholder, director, officer,
employee, agent, Affiliate, member, manager or general or limited partner of either Fund (collectively, but not including the Funds, each an "Affiliated
Party"), whether by or through attempted piercing of the corporate or partnership veil, by or through a claim by or on behalf of Parent or Merger Sub against an Affiliated
Party or either of the Funds, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any 

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Legal
Requirement, or otherwise. Nothing set forth in this Agreement shall confer or give or shall be construed to confer or give to any Person other than each of the Funds and the Company (including
any Person acting in a representative capacity) any rights or remedies against any Person other than the Company and each Fund as expressly set forth herein. The Company acknowledges that each of the
Funds is agreeing to enter into this Agreement in reliance on the provisions set forth in this paragraph and this paragraph shall survive termination of this Agreement. 

 
 

           14.    Severability.     If any term, condition or other provision of this Agreement is determined by a
court of competent jurisdiction to be invalid, illegal or incapable of being
enforced by any rule of law or public policy, all other terms, provisions and conditions of this Agreement shall nevertheless remain in full force and effect. Upon such determination that any term or
other provision hereof is invalid, illegal or incapable of being enforced, (a) a suitable and equitable term or provision determined by a court of competent jurisdiction shall be substituted
therefor in order to carry out, so far as may be valid, legal and enforceable under applicable Legal Requirements, the intent and purpose of such invalid, illegal or unenforceable term or provision
and (b) the remainder of this Agreement and the application of such terms and other provision to other Persons or circumstances shall not be affected by such invalidity, illegality or
unenforceability, nor shall such invalidity, illegality or unenforceability affect the validity, legality or enforceability of such term or provision, or the application of such term or provision, in
any other jurisdiction. 

 
 

           15.    Enforcement of Agreement.     The parties hereto agree that irreparable damage would occur in the
event that any of the provisions of this Agreement were not performed in accordance with its
specific terms or was otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically
the terms and provisions hereof in any court of competent jurisdiction, this being in addition to any other remedy to which they are entitled at law or in equity. Additionally, each party hereto
irrevocably waives any defenses based on adequacy of any other remedy, whether at law or in equity, that might be asserted as a bar to the remedy of specific performance of any of the terms or
provisions hereof or injunctive relief in any action brought therefore. 

[remainder of the page intentionally left blank—signature page follows]

5

 

 

							
	 	 	 	 	Sincerely,
	

 	
 	
 	
 	
 Green Equity Investors V, L.P.
	

 	
 	
 	
 	
By:	
 	
GEI Capital V, LLC, its General Partner
	

 	
 	
 	
 	
By:	
 	
/s/ JOHN M. BAUMER

 
	 	 	 	 	Name:	 	John M. Baumer
	 	 	 	 	Title:	 	 Partner
	

 	
 	
 	
 	
 Green Equity Investors Side V, L.P.
	

 	
 	
 	
 	
By:	
 	
GEI Capital V, LLC, its General Partner
	

 	
 	
 	
 	
By:	
 	
/s/ JOHN M. BAUMER

 
	 	 	 	 	Name:	 	John M. Baumer
	 	 	 	 	Title:	 	 Partner
	

Agreed to and accepted:

ANIMAL HEALTH INTERNATIONAL, INC.	
 	

 	
 	

 
	
 By:	
 	
/s/ WILLIAM F. LACEY

 	
 	

 	
 	

 
	Name:	 	William F. Lacey	 	 	 	 
	Title:	 	 Senior Vice President and Chief Financial Officer	 	 	 	 

 

 Signature Page to Equity Commitment Letter

 
 

  Annex A    
    

 

 

					
	Fund

 
	 	Commitment 	 
	 Green Equity Investors V, L.P. 
	 	$	76,924,500.00	 
	 Green Equity Investors Side V, L.P. 
	 	$	23,075,500.00	 

 

 

QuickLinks

Exhibit 10.1

1. Commitments.

2. Conditions; Covenant to not Terminate.

3. Limited Guaranty.

4. Parties in Interest; Third Party Beneficiaries.

5. No Modification; Entire Agreement.

6. Governing Law; Jurisdiction; Venue; Waiver of Jury Trial.

7. Notices.

8. Counterparts.

9. Confidentiality.

10. Termination.

11. No Assignment.

12. Representations and Warranties.

13. Affiliated Parties.

14. Severability.

15. Enforcement of Agreement.

Annex AQuickLinks
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  Exhibit 10.2    
    

 
 

LIMITED GUARANTY    
    

        This Limited Guaranty (this "Limited Guaranty") is made and entered into as of
March 14, 2011 (the "Guarantee") by and among Animal Health International, Inc. a Delaware corporation (the
"Company"), Green Equity Investors V, L.P., a Delaware limited partnership ("GEI V"), and Green
Equity Investors Side V, L.P., a Delaware limited partnership ("GEIS V" and together with GEI V, the
"Guarantors", each a "Guarantor"). Except as specified herein, capitalized terms used in this Guarantee
shall have the meanings assigned to such terms in the Agreement and Plan of Merger, dated as of the date hereof (as it may be amended, restated, supplemented or otherwise modified from time to time
pursuant to the terms thereof, the "Merger Agreement") by and among Lextron, Inc., a Colorado corporation
("Parent"), Buffalo Acquisition, Inc., a Delaware corporation and a direct wholly-owned subsidiary of Parent ("Merger
Sub") and the Company. 

        In
consideration of, and as an inducement to the Company entering into the Merger Agreement and performing its obligations thereunder, each Guarantor hereby irrevocably and
unconditionally, severally and not jointly, guarantees to the Company the prompt and complete payment of an aggregate of 33.00% (the "Guaranteed
Percentage") of the obligation of Parent to pay to the Company the Parent Termination Fee or Regulatory Termination Fee, as applicable, if, as and when those obligations become
payable pursuant to the terms and conditions of the Merger Agreement (the "Guaranteed Obligations"). It is expressly understood that the Guaranteed
Obligations set forth in this Limited Guaranty shall be several and not joint between the Guarantors, and it is further understood and agreed by GEI V and GEIS V that the Guaranteed
Obligations shall be apportioned between them in percentages of 76.9245 and 23.0755, respectively (each a, Pro Rata Portion"). In no event shall a
Guarantor's liability in respect of the Guaranteed Obligations exceed such Guarantor's Pro Rata
Portion of the Guaranteed Percentage of the Guaranteed Obligations (such limitation on the liability each Guarantor may have for its Pro Rata Portion of the Guaranteed Percentage of the Guaranteed
Obligations being herein referred to as such Guarantor's "Cap"), it being understood that this Limited Guaranty may not be enforced against any
Guarantor without giving effect to such Guarantor's Cap. 

        Each
Guarantor hereby, severally and not jointly, represents and warrants to Company that: (a) it is a limited partnership, duly organized, validly existing and in good standing
under the Laws of Delaware, (b) it has the necessary power and authority to enter into, execute and deliver this Limited Guaranty and to perform fully its respective obligations hereunder,
(c) the execution, delivery and performance of this Limited Guaranty by such Guarantor has been duly and validly authorized and approved by all necessary limited partnership action, and no
other proceedings or actions on the part of such Guarantor are necessary therefor, (d) this Limited Guaranty has been duly and validly executed and delivered by such Guarantor and constitutes a
legal, valid and binding agreement of such Guarantor enforceable by the Company against such Guarantor in accordance with its terms, except to the extent enforceability may be limited by the effect of
applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting the enforcement of creditors' rights generally and the effect of general principles of equity, regardless of
whether such enforceability is considered in a proceeding at law or in equity, (e) such Guarantor has the financial capacity to pay and perform its obligations under this Limited Guaranty
(subject to the Cap), and all funds necessary for such Guarantor to fulfill its obligations under this Limited Guaranty (subject to the Cap) shall be available to such Guarantor for so long as this
Limited Guaranty shall remain in effect in accordance with the termination provisions set forth herein, (f) the execution, delivery and performance of this Limited Guaranty by such Guarantor
does not (i) violate its organizational documents, (ii) violate any applicable law or (iii) result in any violation of, or default (with or without notice or lapse of time, or
both) under, or give rise to a right of termination, cancelation or acceleration of any obligation or to the loss of any benefit under, any material contract to which such Guarantor is a party; and
(g) all consents, approvals, authorizations and permits of, filings with and notifications to, any Governmental Authority necessary for the due execution, delivery and performance of this
Limited Guaranty by such Guarantor have been obtained or made and all conditions thereof have been duly complied with, and 

 

no
other action by, and no notice to or filing with, any Governmental Authority or regulatory body is required in connection with the execution, delivery or performance of this Limited Guaranty. 

        Each
Guarantor hereby agrees that irreparable damages would occur in the event that any of the provisions of this Limited Guaranty were not performed in accordance with the terms hereof,
and that the Company shall be entitled to an injunction, specific performance and other equitable relief to prevent breaches of this Limited Guaranty and to enforce specifically the terms and
provisions hereof, this being in addition to any other remedy to which the Company is entitled at law or in equity. Each Guarantor agrees that it will not oppose the granting of an injunction,
specific performance and other equitable relief on the basis that the Company has an adequate remedy at law or that any award of specific performance is not an appropriate remedy for any reason at law
or equity. In the event that
the Company is seeking an injunction or injunctions to prevent breaches of this Limited Guaranty and to enforce specifically the terms and provisions of this Limited Guaranty, the Company shall not be
required to provide any bond or other security in connection with any such order or injunction. 

        Notwithstanding
anything that may be expressed or implied in this Limited Guaranty or any document or instrument delivered contemporaneously herewith, and notwithstanding the fact that
the Guarantors may be partnerships, by its acceptance of the benefits of this Limited Guaranty, the Company acknowledges and agrees that neither it nor any of its Affiliates or Representatives have
any right of recovery against, and no liability shall attach to, the former, current or future direct or indirect equity holders, controlling persons, stockholders, directors, officers, employees,
agents, Affiliates, members, managers or general or limited partners of any Guarantor, Parent, Merger Sub or any former, current or future direct or indirect equity holder, controlling person,
stockholder, director, officer, employee, agent, Affiliate, member, manager or general or limited partner of any of the foregoing (collectively, but not including the Guarantors, Parent or Merger Sub,
each an "Affiliated Party"), whether by or through attempted piercing of the corporate or partnership veil, by or through a claim by or on behalf of
Parent or Merger Sub against an Affiliated Party or any Guarantor (including a claim to enforce the Financing Commitment), by the enforcement of any assessment or by any legal or equitable proceeding,
by virtue of any Law, or otherwise. Nothing set forth in this Limited Guaranty shall confer or give or shall be construed to confer or give to any Person other than each of the Guarantors and the
Company (including any Person acting in a representative capacity) any rights or remedies against any Person other than the Company and each Guarantor as expressly set forth herein. The Company
acknowledges that each Guarantor is agreeing to enter into this Limited Guaranty in reliance on the provisions set forth in this paragraph and this paragraph shall survive termination of this Limited
Guaranty. 

        This
Limited Guaranty shall terminate automatically and immediately, and neither Guarantor shall have any further obligations under this Limited Guaranty, as of the earlier of
(i) the Effective Time, (ii) the time at which all amounts payable by the Guarantors under this Limited Guaranty shall be paid in full, (iii) the valid termination of the Merger
Agreement by mutual consent of the Company, Merger Sub and Parent pursuant to Section 8.1 of the Merger Agreement and (iv) the date which
is thirty (30) days following the valid termination of the Merger Agreement (other than pursuant to Section 8.1 of the Merger Agreement)
if the Company has not presented a claim for payment hereunder to such Guarantor (which claim shall set forth in reasonable detail the basis for such claim) by such 30th day (in which case, the
Guarantors' obligations hereunder shall survive until such proceeding is finally and conclusively resolved by a court of competent jurisdiction). 

        None
of the Guarantors or the Company may assign its rights, interests or obligations hereunder to any Person (except by operation of law) without the prior written consent of the
Company or the Guarantors, as the case may be. 

        The
Guarantors each waive, for the benefit of the Company, (i) any right to require the Company to proceed against either or both of the Guarantors or to pursue any other remedy
available to the 

2

 

Company,
and (ii) any notices, demands, presentments, notices of nonperformance, including acceptance of this Limited Guaranty or notices of default under the Merger Agreement. No failure to
exercise, and no delay in exercising, any right, remedy or power hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy or power hereunder preclude
any other or future exercise of any right, remedy or power hereunder. 

        Any
notice or communication required or permitted by this Limited Guaranty shall be deemed sufficiently given if in writing and, if delivered personally, when it is delivered or, if
delivered in another manner, the earlier of when it is actually received by the Person to which it is directed, or when the period set forth below expires (whether or not it is actually
received): 

	A)
	if
transmitted by facsimile transmission ("fax"), 24 hours after (i) transmission to the
Person's fax number set forth below, with the Person's name and address set forth below clearly shown on the page first transmitted, and (ii) receipt by the transmitting Person of written
confirmation of successful transmission, which confirmation may be produced by the transmitting Person's equipment;

	B)
	if
deposited with the U.S. Postal Service as certified or registered mail, postage prepaid, and addressed to the Person to receive it as set forth below,
48 hours after such deposit;

	C)
	if
sent by Federal Express, or a similar delivery service in general usage for delivery to the address of the Person to receive it as set forth below,
24 hours after the delivery time promised by the delivery service: 

If
to any of the Guarantors: 

c/o
Leonard Green & Partners, L.P.

11111 Santa Monica Blvd., Suite 2000

Los Angeles, California 90025

Telephone: (310) 954-0444

Attention: John M. Baumer

                    Alyse Wagner 

With
a copy to: 

Latham &
Watkins LLP

885 Third Avenue

New York, NY 10022

Telephone: (212) 906-1200

Attention: Howard A. Sobel, Esq.

                    John Giouroukakis, Esq. 

If
to the Company, as provided in the Merger Agreement. 

        This
Limited Guaranty and all actions arising under or in connection therewith shall be governed by and construed and enforced in accordance with the laws of the State of Delaware
without regard to its rules of conflict of laws. Each party hereto hereby irrevocably and unconditionally (i) consents to submit to the sole and exclusive jurisdiction of the Court of Chancery
of the State of Delaware or, if under applicable law exclusive jurisdiction over the matter is vested in the federal courts, any court of the United States located in the State of Delaware, for any
litigation arising out of or relating to this Limited Guaranty, or the negotiation, validity or performance of this Limited Guaranty, or the transactions contemplated hereby, (ii) agrees not to
commence any litigation relating thereto except in such courts, (iii) waives any objection to the laying of venue of any such litigation in such courts and (iv) agrees not to plead or
claim in such courts that such litigation brought therein has been brought in any inconvenient forum. 

3

 

        TO
THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, EACH PARTY TO THIS LIMITED GUARANTY HEREBY WAIVES, AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF,
DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY FORUM WITH RESPECT TO ANY ISSUE, CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE TRANSACTION
DOCUMENTS OR THE SUBJECT MATTER HEREOF,
WHETHER NOW EXISTING OR HEREAFTER ARISING AND WHETHER SOUNDING IN TORT OR CONTRACT OR OTHERWISE. 

[Signature Page Follows]

4

  
        IN WITNESS WHEREOF, the Guarantors and the Company have caused this Limited Guaranty to be executed as of the date first written above by
their respective officers thereunto duly authorized. 

 

 

													
	 	 	 	 	 	 	 GREEN EQUITY INVESTORS V, L.P.
	

 	
 	
 	
 	
 	
 	
By:	
 	
GEI Capital V, LLC, its General Partner
	

 	
 	
 	
 	
 	
 	
 	
 	
By:	
 	
/s/ JOHN M. BAUMER

 
	 	 	 	 	 	 	 	 	 	 	Name:	 	John M. Baumer
	 	 	 	 	 	 	 	 	 	 	Title:	 	 Partner
	

 	
 	
 	
 	
 	
 	
 GREEN EQUITY INVESTORS SIDE V, L.P.
	

 	
 	
 	
 	
 	
 	
By:	
 	
GEI Capital V, LLC, its General Partner
	

 	
 	
 	
 	
 	
 	
 	
 	
By:	
 	
/s/ JOHN M. BAUMER

 
	 	 	 	 	 	 	 	 	 	 	Name:	 	John M. Baumer
	 	 	 	 	 	 	 	 	 	 	Title:	 	 Partner
	

Accepted and Agreed to:	
 	

 	
 	

 	
 	

 	
 	

 
	
 ANIMAL HEALTH INTERNATIONAL, INC.	
 	

 	
 	

 	
 	

 	
 	

 
	
 By:	
 	
/s/ WILLIAM F. LACEY

 	
 	

 	
 	

 	
 	

 	
 	

 
	 	 	Name:	 	William F. Lacey	 	 	 	 	 	 	 	 
	 	 	Title:	 	 Senior Vice President and Chief Financial Officer	 	 	 	 	 	 	 	 

 

 [Signature
Page to Limited Guaranty] 

QuickLinks

Exhibit 10.2

LIMITED GUARANTY

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