Document:

Exhibit 10.1

 

Execution Version

 

SECOND AMENDMENT

SECOND AMENDMENT, dated as of May 28, 2020
(this “Amendment”), to the Credit Agreement, dated as of February 27, 2020 (as amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among (i) BOSTON SCIENTIFIC CORPORATION, a Delaware corporation
(the “Borrower”), (ii) the several banks and other financial institutions from time to time parties thereto
(the “Lenders”) and (iii) THE BANK OF NOVA SCOTIA, as Administrative Agent for the Lenders thereunder (in such
capacity, the “Administrative Agent”).

W I T N E S S E T H:

WHEREAS, the Borrower, the Lenders and
the Administrative Agent are parties to the Credit Agreement; and

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

WHEREAS, the Lenders and the Administrative
Agent are willing to agree to such amendment to the Credit Agreement, subject to the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the
premises and mutual covenants contained herein, the Borrower, the Lenders and the Administrative Agent hereby agree as follows:

SECTION 1.         
Defined Terms. Terms defined in the Credit Agreement and used herein shall have the meanings given to them
in the Credit Agreement.

SECTION 2.         
Amendments to the Credit Agreement.

(a)               
The following new definition is hereby added to Section 1.1 of the Credit Agreement in alphabetical order:

“Mandatorily Convertible
Securities”: the Mandatory Convertible Preferred Stock, issued by the Borrower on May 27, 2020, and any other Capital
Stock issued by the Borrower that is or will become, after the passage of a specified amount of time, mandatorily convertible into
or mandatorily exchangeable for common stock of the Borrower.

(b)               
Section 7.6 of the Credit Agreement is hereby deleted in its entirety and the following shall be substituted therefor:

7.6       Limitation
on Restricted Payments. Declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except (a)
the Borrower may declare and pay dividends with respect to its Capital Stock payable solely in additional shares of its common
stock, (b) Subsidiaries may declare and pay dividends ratably with respect to their Capital Stock, (c) the Borrower may make Restricted
Payments pursuant to and in accordance with stock option plans or other benefit plans for management or employees of the Borrower
and its Subsidiaries and (d) with respect to Mandatorily Convertible Securities, regularly scheduled quarterly dividends payable
to the holders thereof, payments payable in connection with the conversion thereof upon a “fundamental change” (or
similar term, as defined in the prospectus regarding the applicable 

    	 	 	 

     

    

2

Mandatorily Convertible Securities) to the holders thereof,
and cash in lieu of fractional shares with respect thereto.

SECTION 3.         
Conditions to Effectiveness. This Amendment shall become effective on the date (the “Amendment Effective
Date”) on which (a) the Borrower, the Administrative Agent and the Majority Lenders shall have executed and delivered
to the Administrative Agent this Amendment and (b) all fees and expenses payable to the Administrative Agent, the other agents
and any Lender shall have been paid.

SECTION 4.         
Representation and Warranties. To induce the Administrative Agent to enter into this Amendment, the Borrower
hereby represents and warrants to the Administrative Agent and all of the Lenders as of the Amendment Effective Date that:

(a)               
Corporate Power; Authorization; Enforceable Obligations.

(i)                
The Borrower has the corporate power and authority, and the legal right, to make and deliver this Amendment and to
perform the Loan Documents, as amended by this Amendment, to which it is a party and has taken all necessary corporate action to
authorize the execution, delivery and performance of this Amendment and the performance of the Loan Documents, as so amended, to
which it is a party.

(ii)              
No consent or authorization of, filing with (other than the Borrower’s public filing of the Amendment on Form
8-K, if applicable), or notice to or other act by or in respect of, any Governmental Authority or any other Person is required
with respect to the Borrower or any of its Subsidiaries in connection with the execution and delivery of this Amendment or with
the performance, validity or enforceability of the Loan Documents, as amended by this Amendment, to which the Borrower is party.

(iii)            
This Amendment has been duly executed and delivered on behalf of the Borrower.

(iv)             
This Amendment and each Loan Document, as amended by this Amendment, to which the Borrower is a party constitutes
a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, subject to
the effects of bankruptcy, examination, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating
to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or
at law) and an implied covenant of good faith and fair dealing.

(b)               
Representations and Warranties. The representations and warranties (except for those made in subsections
4.13 and 4.14 of the Credit Agreement) made by the Borrower in or pursuant to the Loan Documents are true and correct
in all material respects on and as of the Amendment Effective Date, after giving effect to the effectiveness of this Amendment,
as if made on and as of the Amendment Effective Date.

SECTION 5.         
Payment of Expenses. The Borrower agrees to pay or reimburse the Administrative Agent for all of its reasonable
and documented out-of-pocket costs and expenses incurred in connection with this Amendment, any other documents prepared in connection
herewith and the transactions contemplated hereby, including, without limitation, the reasonable and documented fees and disbursements
of counsel to the Administrative Agent.

    	 	 	 

     

    
3

SECTION 6.         
No Other Amendments; Confirmation. Except as expressly amended, modified and supplemented hereby, the provisions
of the Credit Agreement and the other Loan Documents are and shall remain in full force and effect.

SECTION 7.         
Governing Law; Counterparts.

(a)               
This Amendment and the rights and obligations of the parties hereto shall be governed by, and construed and interpreted
in accordance with, the laws of the State of New York. The provisions of subsections 11.12 and 11.17 of the Credit
Agreement are incorporated herein, mutatis mutandis.

(b)               
This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts
(including by facsimile transmission or in electronic (i.e., “pdf” or “tif”) format), and all of said counterparts
taken together shall be deemed to constitute one and the same instrument. The words “execution,” “signed,”
“signature,” “delivery,” and words of like import in or relating to this Amendment shall be deemed to include
Electronic Signatures (as defined below), deliveries or the keeping of records in electronic form, each of which shall be of the
same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based
recordkeeping system, as the case may be. “Electronic Signatures” means any electronic symbol or process attached to,
or associated with, any contract or other record and adopted by a person with the intent to sign, authenticate or accept such contract
or record.

SECTION 8.         
Miscellaneous.

(a)               
Upon and after the Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in
the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like
import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified hereby.  This
Amendment shall constitute a Loan Document.

(b)               
The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate
as a waiver of any right, power or remedy of any Lender or the Agent under any of the Loan Documents, nor, except as expressly
provided herein, constitute a waiver or amendment of any provision of any of the Loan Documents. It is the intent of the parties
hereto, and the parties hereto agree, that this Amendment shall not constitute a novation of the Credit Agreement, any other Loan
Document or any of the rights, obligations or liabilities thereunder.

    	 	 	 

     

    

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

	 	BOSTON SCIENTIFIC CORPORATION
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Robert J. Castagna
	 	 	Name:  	Robert J. Castagna
	 	 	Title:	Vice President and Treasurer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

	 	THE BANK OF NOVA SCOTIA, as Administrative

  Agent and as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Arjun Talwalkar
	 	 	Name:  	Arjun Talwalkar
	 	 	Title:	Director

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

    	 	 	 

     

    

	 	WELLS FARGO BANK, N.A.,

            as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Darin Mullis
	 	 	Name:  	Darin Mullis
	 	 	Title:	Managing Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
AgreementExhibit 10.2

 

Execution Version

 

SECOND AMENDMENT

SECOND AMENDMENT, dated as of May 28, 2020
(this “Amendment”), to the Credit Agreement, dated as of December 19, 2018 (as amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among (i) BOSTON SCIENTIFIC CORPORATION, a Delaware corporation
(the “Borrower”), (ii) the several banks and other financial institutions from time to time parties thereto
(the “Lenders”) and (iii) WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent for the Lenders thereunder
(in such capacity, the “Administrative Agent”).

W I T N E S S E T H:

WHEREAS, the Borrower, the Lenders and
the Administrative Agent are parties to the Credit Agreement; and

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

WHEREAS, the Lenders and the Administrative
Agent are willing to agree to such amendment to the Credit Agreement, subject to the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the
premises and mutual covenants contained herein, the Borrower, the Lenders and the Administrative Agent hereby agree as follows:

SECTION 1.         
Defined Terms. Terms defined in the Credit Agreement and used herein shall have the meanings given to them
in the Credit Agreement.

SECTION 2.         
Amendments to the Credit Agreement.

(a)               
The following new definition is hereby added to subsection 1.1 of the Credit Agreement in alphabetical order:

“Mandatorily Convertible
Securities”: the Mandatory Convertible Preferred Stock, issued by the Borrower on May 27, 2020, and any other Capital
Stock issued by the Borrower that is or will become, after the passage of a specified amount of time, mandatorily convertible into
or mandatorily exchangeable for common stock of the Borrower.

(b)               
Section 9.6 of the Credit Agreement is hereby deleted in its entirety and the following shall be substituted therefor:

9.6       Limitation
on Restricted Payments. On or before the date on which financials are delivered pursuant to subsection 8.1(a) with respect
to the fiscal quarter ending June 30, 2021, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment,
except (a) the Borrower may declare and pay dividends with respect to its Capital Stock payable solely in additional shares of
its common stock, (b) Subsidiaries may declare and pay dividends ratably with respect to their Capital Stock, (c) the Borrower
may make Restricted Payments pursuant to and in accordance with stock option plans or other benefit plans for management or employees
of the Borrower and its Subsidiaries and (d) with respect to Mandatorily Convertible Securities, regularly scheduled quarterly
dividends payable to the holders thereof, payments payable in connection with the conversion thereof upon a “fundamental
change” (or similar term, as 

    	 	 	 

     

    
2

defined in the prospectus regarding the applicable Mandatorily Convertible Securities) to the
holders thereof, and cash in lieu of fractional shares with respect thereto.

SECTION 3.         
Conditions to Effectiveness. This Amendment shall become effective on the date (the “Amendment Effective
Date”) on which (a) the Borrower, the Administrative Agent and the Majority Lenders shall have executed and delivered
to the Administrative Agent this Amendment and (b) all fees and expenses payable to the Administrative Agent, the other agents
and any Lender shall have been paid.

SECTION 4.         
Representation and Warranties. To induce the Administrative Agent to enter into this Amendment, the Borrower
hereby represents and warrants to the Administrative Agent and all of the Lenders as of the Amendment Effective Date that:

(a)               
Corporate Power; Authorization; Enforceable Obligations.

(i)                
The Borrower has the corporate power and authority, and the legal right, to make and deliver this Amendment and to
perform the Loan Documents, as amended by this Amendment, to which it is a party and has taken all necessary corporate action to
authorize the execution, delivery and performance of this Amendment and the performance of the Loan Documents, as so amended, to
which it is a party.

(ii)              
No consent or authorization of, filing with (other than the Borrower’s public filing of the Amendment on Form
8-K, if applicable), or notice to or other act by or in respect of, any Governmental Authority or any other Person is required
with respect to the Borrower or any of its Subsidiaries in connection with the execution and delivery of this Amendment or with
the performance, validity or enforceability of the Loan Documents, as amended by this Amendment, to which the Borrower is party.

(iii)            
This Amendment has been duly executed and delivered on behalf of the Borrower.

(iv)             
This Amendment and each Loan Document, as amended by this Amendment, to which the Borrower is a party constitutes
a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, subject to
the effects of bankruptcy, examination, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating
to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or
at law) and an implied covenant of good faith and fair dealing.

(b)               
Representations and Warranties. The representations and warranties (except for those made in subsections
6.13 and 6.14 of the Credit Agreement) made by the Borrower in or pursuant to the Loan Documents are true and correct
in all material respects on and as of the Amendment Effective Date, after giving effect to the effectiveness of this Amendment,
as if made on and as of the Amendment Effective Date.

SECTION 5.         
Payment of Expenses. The Borrower agrees to pay or reimburse the Administrative Agent for all of its reasonable
and documented out-of-pocket costs and expenses incurred in connection with this Amendment, any other documents prepared in connection
herewith and the 

    	 	 	 

     

    
3

transactions contemplated hereby, including, without limitation, the reasonable and documented fees and disbursements
of counsel to the Administrative Agent.

SECTION 6.         
No Other Amendments; Confirmation. Except as expressly amended, modified and supplemented hereby, the provisions
of the Credit Agreement and the other Loan Documents are and shall remain in full force and effect.

SECTION 7.         
Governing Law; Counterparts.

(a)               
This Amendment and the rights and obligations of the parties hereto shall be governed by, and construed and interpreted
in accordance with, the laws of the State of New York. The provisions of subsections 13.12 and 13.17 of the Credit
Agreement are incorporated herein, mutatis mutandis.

(b)               
This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts
(including by facsimile transmission or in electronic (i.e., “pdf” or “tif”) format), and all of said counterparts
taken together shall be deemed to constitute one and the same instrument. The words “execution,” “signed,”
“signature,” “delivery,” and words of like import in or relating to this Amendment shall be deemed to include
Electronic Signatures (as defined below), deliveries or the keeping of records in electronic form, each of which shall be of the
same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based
recordkeeping system, as the case may be. “Electronic Signatures” means any electronic symbol or process attached to,
or associated with, any contract or other record and adopted by a person with the intent to sign, authenticate or accept such contract
or record.

SECTION 8.         
Miscellaneous.

(a)               
Upon and after the Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in
the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like
import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified hereby.  This
Amendment shall constitute a Loan Document.

(b)               
The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate
as a waiver of any right, power or remedy of any Lender or the Agent under any of the Loan Documents, nor, except as expressly
provided herein, constitute a waiver or amendment of any provision of any of the Loan Documents. It is the intent of the parties
hereto, and the parties hereto agree, that this Amendment shall not constitute a novation of the Credit Agreement, any other Loan
Document or any of the rights, obligations or liabilities thereunder.

    	 	 	 

     

    

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

	 	BOSTON SCIENTIFIC CORPORATION
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Robert J. Castagna
	 	 	Name:  	Robert J. Castagna
	 	 	Title:	Vice President and Treasurer

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

    	 	 	 

     

    

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

  
as Administrative Agent and as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Darin Mullis
	 	 	Name:  	Darin Mullis
	 	 	Title:	Managing Director

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

    	 	 	 

     

    

	 	BANK OF AMERICA, N.A.,

        as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Darren Merten
	 	 	Name:  	Darren Merten
	 	 	Title:	Director

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

 

	 	BARCLAYS BANK PLC,

        as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Jake Lam
	 	 	Name:  	Jake Lam
	 	 	Title:	Assistant Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

	 	CITIBANK, N.A.,

	 	           as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Pranjal Gambhir
	 	 	Name:  	Pranjal Gambhir
	 	 	Title:	Vice President

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

	 	DEUTSCHE BANK AG NEW YORK BRANCH,

           as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Ming K. Chu
	 	 	Name:  	Ming K. Chu	ming.k.chu@db.com
	 	 	Title:	Director	+1-212-250-5451

 

	 	 	 	 
	 	By:	/s/ Annie Chung
	 	 	Name:  	Annie Chung	annie.chung@db.com
	 	 	Title:	Director	+1-212-250-6573

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

	 	GOLDMAN SACHS BANK USA,

    as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Jamie Minieri
	 	 	Name:  	Jamie Minieri
	 	 	Title:	Authorized Signatory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

	 	JPMORGAN CHASE BANK, N.A.,

              as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Gregory T. Martin
	 	 	Name:  	Gregory T. Martin
	 	 	Title:	Executive Director

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

	 	BNP PARIBAS

         as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Michael Pearce
	 	 	Name:  	Michael Pearce
	 	 	Title:	Managing Director

 

	 	 	 	 
	 	 	 	 
	 	By:	/s/ John T. Bosco
	 	 	Name:  	John T. Bosco
	 	 	Title:	Managing Director

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

	 	DNB CAPITAL LLC,

        as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Samantha Stone
	 	 	Name:  	Samantha Stone
	 	 	Title:	Vice President

 

	 	 	 	 
	 	By:	/s/ Mita Zalavadia
	 	 	Name:  	Mita Zalavadia
	 	 	Title:	Assistant Vice President

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

	 	Intesa Sanpaolo S.p.A., New York Branch,

          as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Alessandro Toigo
	 	 	Name:  	Alessandro Toigo
	 	 	Title:	Head of Corporate Desk

 

	 	 	 	 
	 	 	 	 
	 	By:	/s/ Jennifer Feldman Facciola
	 	 	Name:  	Jennifer Feldman Facciola
	 	 	Title:	Vice President and Relationship Manager

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

	 	MUFG Bank, LTD., as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ David Meisner
	 	 	Name:  	David Meisner
	 	 	Title:	Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

	 	Royal Bank of Canada
        as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Scott MacVicar
	 	 	Name:  	Scott MacVicar
	 	 	Title:	Authorized Signatory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

	 	SOCIETE GENERALE, as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Kimberly Metzger
	 	 	Name:  	Kimberly Metzger
	 	 	Title:	Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

	 	STANDARD CHARTERED BANK,
	 	         as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ James Beck
	 	 	Name:  	James Beck
	 	 	Title:	Associate Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

	 	The Bank of Nova Scotia,
	 	        as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Arjun Talwalkar
	 	 	Name:  	Arjun Talwalkar
	 	 	Title:	Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

	 	US Bank, National Association,

    as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Michael West
	 	 	Name:  	Michael West
	 	 	Title:	Senior Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

 

    	 	 	 

     

    

	 	ALLIED IRISH BANKS PLC

    as a Lender
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Conor Brogan
	 	 	Name:  	Conor Brogan
	 	 	Title:	Senior Relationship Manager

AIB Corporate Banking

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Second Amendment to Credit
Agreement

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