Document:

Third Amendment to 364-day Credit Agreement

  EXHIBIT 10.1
 THIRD AMENDMENT TO 364-DAY CREDIT AGREEMENT
          THIS THIRD AMENDMENT TO 364-DAY CREDIT AGREEMENT, dated as of October 29, 2002 (this “Amendment”), amends the
364-Day Credit Agreement, dated as of October 31, 2000 as amended on October 30, 2001 and August 13, 2002 (as so amended, the “Credit Agreement”), among UNUMPROVIDENT CORPORATION, a Delaware
corporation (the “Company”), the various financial institutions parties thereto (collectively, the “Banks”), Citicorp USA, Inc. and
Wachovia Bank, N.A. as Co-Syndication Agents, Bank of Tokyo-Mitsubishi Trust Company and JPMorgan Chase Bank, as Co-Documentation Agents, and Bank of America, N.A., as Administrative Agent (the “Agent”). Terms defined in the Credit Agreement are, unless otherwise defined herein or the context otherwise requires, used herein as defined therein.
          WHEREAS, the parties hereto have entered into the Credit Agreement, which provides for the Banks to extend certain credit facilities to the Company from time to time; and
          WHEREAS, the parties hereto desire to amend the Credit Agreement in certain respects as hereinafter set forth;
          NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties
hereto agree as follows:
          SECTION 1 AMENDMENT. Effective as of the date hereof, the Credit Agreement shall be amended in accordance with Sections 1.1 through 1.3 below.
          1.1      Definitions. The definition of “Revolving Termination Date” in Section 1.1 of the Credit Agreement is hereby amended by deleting the date
“October 29, 2002” and substituting the date “January 27, 2003” therefor.
          1.2      Schedule 2.1. Schedule 2.1 of the Credit Agreement is hereby amended to state as set forth as Schedule 2.1
hereto.
          1.3      Exiting Banks. Bank One, NA, Bank of Tokyo – Mitsubishi
Trust Company, Mizuho Corporate Bank, Ltd. and Lloyds TSB Bank PLC shall no longer be parties to the Credit Agreement and shall be released from all further obligations as Banks thereunder.
          SECTION 2 CONDITIONS PRECEDENT. This Amendment shall become effective when each of the conditions precedent set forth in this Section
2 shall have been satisfied, and notice thereof shall have been given by the Agent to the Company and the Banks.
          SECTION 2.1
Receipt of Documents. The Agent shall have received all of the following documents duly executed, dated the date hereof or such other date as shall be acceptable to the Agent, and in form and substance
satisfactory to the Agent:

	 	         (a)      Amendment. This Amendment, duly executed by the Company, the Agent and the
Banks.

    

   

	 	          (b)    Secretary’s Certificate. A certificate of the secretary or an assistant secretary of the Company,
as to (i) resolutions of the Board of Directors of the Company then in full force and effect authorizing the execution, delivery and performance of this Amendment and each other document described herein, and (ii) the incumbency and signatures of
those officers of the Company authorized to act with respect to this Amendment and each other document described herein.

          SECTION 2.2
Amendment Fees. The Company shall have paid the amendment fees required pursuant to the fee letter dated October 11, 2002.
          SECTION 2.3 Compliance with Warranties, No Default, etc. Both before and after giving effect to the effectiveness of this
Amendment, the following statements by the Company shall be true and correct (and the Company, by its execution of this Amendment, hereby represents and warrants to the Agent and each Bank that such statements are true and correct as at such
times):

	 	         (a)      the representations and warranties set forth in Article V of the Credit Agreement shall be true and correct with the
same effect as if then made (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and correct as of such earlier date); 

	 	         (b)      no Material Adverse Effect shall have occurred since December 31, 2001; and

	 	         (c)      no Event of Default or Default shall have then occurred and be continuing.

          SECTION 3 REPRESENTATIONS AND WARRANTIES. To induce the Banks and the Agent to enter into this Amendment, the Company hereby represents and warrants to the Agent and each
Bank as follows:
          3.1      Due Authorization, Non-Contravention, etc. The
execution, delivery and performance by the Company of this Amendment are within the Company’s corporate powers, have been duly authorized by all necessary corporate action, and do not

	 	         (a)      contravene the Company’s Organization Documents;

	 	         (b)      contravene any contractual restriction, law or governmental regulation or court decree or order binding on or affecting
the Company; or

	 	         (c)      result in, or require the creation or imposition of, any Lien on any of the properties.

          3.2      Government Approval, Regulation, etc. No authorization or approval or other action
by, and no notice to or filing with, any governmental authority or regulatory body or other Person is required for the due execution, delivery or performance by the Company.
          3.3      Validity, etc. This Amendment constitutes the legal, valid and binding obligations of
the Company enforceable in accordance with its terms.

    
          SECTION 4 MISCELLANEOUS.
          4.1      Continuing Effectiveness, etc. This Amendment shall be deemed to be an amendment to
the Credit Agreement, and the Credit Agreement, as amended hereby, shall remain in full force and effect and is hereby ratified, approved and confirmed in each and every respect. After the effectiveness of this Amendment in accordance with its
terms, all references to the Credit Agreement in the Loan Documents or in any other document, instrument, agreement or writing shall be deemed to refer to the Credit Agreement as amended hereby.
          4.2      Payment of Costs and Expenses. The Company agrees to pay on demand all expenses of
the Agent (including the fees and out-of-pocket expenses of counsel to the Agent) in connection with the negotiation, preparation, execution and delivery of this Amendment.
          4.3      Severability. Any provision of this Amendment which is prohibited or unenforceable in
any jurisdiction shall, as to such provision and such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions of this Amendment or affecting the validity or enforceability of
such provision in any other jurisdiction.
          4.4      Headings. The various
headings of this Amendment are inserted for convenience only and shall not affect the meaning or interpretation of this Amendment or any provisions hereof.
          4.5      Execution in Counterparts. This Amendment may be executed by the parties hereto in several counterparts, each of which shall be deemed to be an original and
all of which shall constitute together but one and the same agreement.
          4.6      Governing
Law. THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK.
          4.7      Successors and Assigns. This Amendment shall be binding upon and shall inure to the
benefit of the parties hereto and their respective successors and assigns.
          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
by their respective officers thereunto duly authorized as of the day and year first above written.

		 	 	UNUMPROVIDENT CORPORATION
	 	
	 	By: 	
 /s/ Thomas R. Watjen                  
	 	 	 	Name: 	Thomas R. Watjen
	 	 	 	Title: 	Vice Chairman & COO

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

		 	 	BANK OF AMERICA, N.A., as Agent and as a
Bank
	 	
	 	By: 	
 /s/ Mehul Mehta                  
	 	 	 	Name: 	Mehul Mehta
	 	 	 	Title: 	Principal

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

		 	 	CITICORP USA, INC.
	 	
	 	By: 	
 /s/ Peter C. Bickford                  
	 	 	 	Name: 	Peter C. Bickford
	 	 	 	Title: 	Vice President

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

		 	 	WACHOVIA BANK, N.A.
	 	
	 	By: 	
 /s/ Daniel J. Norton                  
	 	 	 	Name: 	Daniel J. Norton
	 	 	 	Title: 	Director

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

		 	 	FLEET NATIONAL BANK
	 	
	 	By: 	
 /s/ Lawrence C. Bigelow                  
	 	 	 	Name: 	Lawrence C. Bigelow
	 	 	 	Title: 	Managing Director

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

		 	 	JPMORGAN CHASE BANK
	 	
	 	By: 	
 /s/ Heather A. Lindstrom                  
	 	 	 	Name: 	Heather A. Lindstrom
	 	 	 	Title: 	Vice President

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

		 	 	AMSOUTH BANK
	 	
	 	By: 	
 /s/ Tracy L. Brown                  
	 	 	 	Name: 	Tracy L. Brown
	 	 	 	Title: 	Vice President

 

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

		 	 	ROYAL BANK OF CANADA
	 	
	 	By: 	
 /s/ Alexander Birr                  
	 	 	 	Name: 	Alexander Birr
	 	 	 	Title: 	Senior Manager

 

 

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

		 	 	STATE STREET BANK AND TRUST
COMPANY
	 	
	 	By: 	
 /s/ Lise Anne Boutiette                  
	 	 	 	Name: 	Lise Anne Boutiette
	 	 	 	Title: 	Vice President

 

  
 SCHEDULE 2.1
 364-DAY CREDIT AGREEMENT
 COMMITMENTS
AND PRO RATA SHARES

	Bank		Commitment		Pro Rata
Share	
	
		
		
	
		 	 	 	 	 	 	 
	Bank of America, N.A.	 	$	42,000,000	 	 	15.14	%
		 	 	 	 	 	 	 
	JPMorgan Chase Bank	 	$	42,000,000	 	 	15.14	%
		 	 	 	 	 	 	 
	Wachovia Bank, N.A.	 	$	42,000,000	 	 	15.14	%
		 	 	 	 	 	 	 
	Citicorp USA, Inc.	 	$	42,000,000	 	 	15.14	%
		 	 	 	 	 	 	 
	Fleet National Bank	 	$	42,000,000	 	 	15.14	%
		 	 	 	 	 	 	 
	Royal Bank of Canada	 	$	37,000,000	 	 	13.33	%
		 	 	 	 	 	 	 
	AmSouth Bank	 	$	18,000,000	 	 	6.49	%
		 	 	 	 	 	 	 
	State Street Bank and Trust Company	 	$	12,500,000	 	 	4.50	%
			
		
	
		 	 	 	 	 	 	 
	   TOTAL	 	$	277,500,000	 	 	100	%<PAGE>
                                                                   EXHIBIT 10.48

                                 LOAN AGREEMENT

      THIS LOAN AGREEMENT (the "Agreement") is entered into as of this 26th day
of April, 2000 by and between AMYLIN PHARMACEUTICALS, INC., a Delaware
corporation (the "Company"), and ALAIN D. BARON ("Employee").

      WHEREAS, Employee has relocated to California to serve as the Company's
Vice President of Clinical Research;

      WHEREAS, Employee has requested that the Company lend Employee Three
Hundred Thousand Dollars ($300,000.00) for the purpose of purchasing a home in
California.

      NOW THEREFORE, the parties hereto agree as follows:

      1. LOAN. The Company shall lend Employee a total of Three Hundred Thousand
Dollars ($300,000.00) (the "Loan") upon the terms and conditions contained
herein. The Loan shall be made on the date of the closing of the purchase of the
Property (defined below). The intent of the parties is that the purpose of the
Loan is not for consumer, family or household purposes.

      2. CONDITION ON LOAN FOR PRINCIPAL RESIDENCE. The Loan shall be used only
to purchase the new principal residence of Employee in San Diego County (the
"Property").

      3. INTEREST. The loan shall bear an interest rate of 5.0% compounded
annually based on a 360 day calendar year.

      4. PROMISSORY NOTE. The Loan shall be made pursuant to a promissory note
in the form attached hereto as Exhibit A (the "Note"). Employee shall execute
the Note concurrently with the execution of this Agreement. All repayments of
principal with respect to the Loan shall be evidenced by notations made by the
Company on the Note; provided, however, that the failure by the Company to make
such notations shall not limit or otherwise affect the obligations of Employee
with respect to the repayments of principal or payments of interest (if any) on
the Loan.

      5. DEED OF TRUST WITH ASSIGNMENTS OF RENTS. Employee hereby agrees to
secure the Loan pursuant to a [second] Deed of Trust on the Property in the form
attached hereto as Deed of Trust With Assignment of Rents, which Deed of Trust
shall be executed concurrently herewith by Employee and Employee's SPOUSE.

      6. METHOD OF FUNDING. The Loan proceeds shall be advanced by check from
the Company to Employee, which check shall be separate from Employee's regular
paycheck.

      7. CONDITION ON FUTURE EMPLOYMENT. The Loan is conditioned on the future
performance of substantial services by Employee.

      8. ITEMIZATION OF DEDUCTIONS. Employee certifies to the Company that
Employee reasonably expects to be entitled to and will itemize deductions for
each year the Loan is outstanding.

                                       1.
<PAGE>

      9. REPAYMENT OF LOAN. The outstanding principal amount of the Loan
together with all accrued and unpaid interest shall become due and payable in a
single payment immediately upon the occurrence of any one or more of the
following (the "Maturity Date"):

         (A) the forty-fifth (45th) day following the date of termination of
Employee's employment with the Company for any reason or no reason;

            (B) the sale or transfer of any interest in the Property; or

            (C) on that date that is five (5) years from the date of this
      Agreement.

      10. NON-TRANSFERABLE. The right of Employee to request and receive the
Loan hereunder, as well as the benefits of the interest arrangement under this
Agreement, shall not be assignable or otherwise transferable by Employee.

      11. RESTRICTIONS.

         (A) Employee hereby agrees and understands that until the entire
outstanding principal amount of the loan shall have been repaid, that:

             (I) notwithstanding the terms and conditions of any agreement of
the Company permitting Employee to purchase or acquire Common Stock of the
Company or options to purchase or acquire Common Stock of the Company, Employee
(or any entity in which Employee has a beneficial ownership or control) shall
not sell, transfer, pledge or dispose of in any way any Common Stock obtained
upon the exercise of an option, acquired through any of the Company's stock or
stock option plans or otherwise issued to, or acquired by, Employee (or any
entity in which Employee has a beneficial ownership or control) pursuant to a
compensation arrangement with the Company; and

             (II) notwithstanding the terms of the Company's 401(k) Retirement
Plan ("401(k) Plan"), Employee may not make any withdrawal of, or take any loan
against, Employee's contributed funds under the 401(k) Plan.

      12. GENERAL PROVISIONS.

         (A) This Agreement shall be governed by the laws of the State of
California applicable to contracts made and performed in such state, without
regard to principles of conflicts of laws.

         (B) This Agreement and its Exhibits contains the entire agreement
between Employee and the Company, and is the complete, final, and exclusive
embodiment of their agreement with regard to this subject matter. Employee and
the Company each acknowledge and represent that this Agreement is entered into
without reliance on any promise or representation other than those expressly
contained herein and that this Agreement cannot be modified except in a writing
signed by both parties.

         (C) Except as otherwise specified herein, any notice, demand or request
required or permitted to be given by either the Company or Employee pursuant to
the terms of

                                       2.
<PAGE>
this Agreement shall be in writing and shall be deemed given when delivered
personally, three days after being deposited in the U.S. Mail, registered mail,
return receipt requested, postage prepaid, or one business day after delivery to
an overnight carrier service and addressed to the Company at its then current
principal office and to Employee at the address listed for him on the Company's
payroll records.

      (D) Either party's failure to enforce any provision or provisions of this
Agreement shall not in any way be construed as a waiver of any such provision or
provisions, nor prevent that party thereafter from enforcing each and every
other provision of this Agreement. The rights granted both parties herein are
cumulative and shall not constitute a waiver of either party's right to assert
all other legal remedies available to it under the circumstances.

      (E) Employee agrees upon request to execute any further documents or
instruments necessary or desirable to carry out the purpose or intent of this
Agreement.

      (F) In the event of any litigation concerning this Agreement, the
prevailing party shall be entitled to a reasonable sum for attorneys' fees,
costs, and litigation expenses, whether or not such action is prosecuted to
judgment. "Prevailing Party" includes without limitation a party who agrees to
dismiss an action upon payment by the other party of sums allegedly due or
performance of the covenants allegedly breached, or who obtains substantially
the relief sought by that party. In the event that the Company is the Prevailing
Party, the Company shall also be entitled to reasonable costs associated with
the collection of the Loan.

      IN WITNESS WHEREOF, the parties have duly executed this Agreement as of
the day and year first set forth above.

      AMYLIN PHARMACEUTICALS, INC.

      a Delaware corporation

      By:
         ------------------------------         --------------------------
                                                         ALAIN D. BARON

      Title:
            ---------------------------

                                       3.
<PAGE>

                                    EXHIBIT A

           DO NOT DESTROY THIS NOTE: WHEN PAID, THIS NOTE AND DEED OF
              TRUST SECURING IT MUST BE SURRENDERED TO TRUSTEE FOR
                 CANCELLATION BEFORE RECONVEYANCE WILL BE MADE.

                             PROMISSORY NOTE SECURED
                                BY DEED OF TRUST

5%                                                      Dated:  April 26, 2000

      FOR VALUE RECEIVED, Alain D. Baron ("Maker"), promises to pay Amylin
Pharmaceuticals, Inc. ("Holder") or order, at 9373 Towne Centre Drive, San
Diego, California 92121 or such other place as Holder may from time to time
designate, in lawful money of the United States, the principal sum of THREE
HUNDRED THOUSAND DOLLARS ($300,000.00), together with interest, and any amounts
due thereon, payable in the manner set forth below. All capitalized terms used
herein and not defined shall have the same meaning as in the Loan Agreement.

      1. PAYMENT OF PRINCIPAL. The principal shall be discharged at the times
and in the manner set forth in the Loan Agreement of even date between Maker and
Holder.

      2. SECURITY. This Note is secured by a [second] deed of trust herewith
from Maker and ___________________ ("Spouse") as trustor, naming Holder as
beneficiary (the "Deed of Trust"), granting a security interest in certain real
property located in the City of San Diego, County of San Diego, California, as
more particularly described therein (the "Property"). Maker shall not, directly
or indirectly, create, permit or suffer to exist, and shall defend the
collateral against and take such other action as is necessary to remove, any
lien on or in the Property, or any portion thereof.

      3. DEFAULT AND REMEDIES.

         (A) DEFAULT. Maker will be in default under this Note if (i) Maker
fails to make any payment required hereunder when due, (ii) Maker breaches any
other covenant or agreement under this Note, (iii) Maker is in default of its
obligations under the Deed of Trust, Loan Agreement or any other instrument
securing or evidencing this Note, (iv) the appointment of a receiver for any
part of the property of, or an assignment for the benefit of creditors by, or
the commencement of any proceedings under any bankruptcy or insolvency laws by
or against any maker, endorser or guarantor, or (v) the death (in the case of
individuals) of any maker, endorser, guarantor or general partner of any of the
foregoing.

         (B) REMEDIES. Upon Maker's default, Holder may (i) upon written notice
to Maker, declare the entire principal sum together with all accrued and unpaid
interest immediately due and payable and (ii) exercise any and all of the
remedies provided under the Deed of Trust or at law or in equity.

                                      A-1.
<PAGE>

         (C) DEFAULT INTEREST. If any amount payable hereunder shall not be paid
within forty-five (45) days after the Maturity Date, at the option of Holder,
the unpaid principal balance together with all accrued and unpaid interest shall
immediately begin to accrue interest at a rate of 7.0% and Holder shall have all
remedies available to it by law as a creditor hereunder.

      4. WAIVERS. Maker, and any endorsers or guarantors hereof, severally waive
diligence, presentment, protest and demand and also notice of protest, demand,
dishonor, acceleration, intent to accelerate, and nonpayment of this Note, and
expressly agree that this Note, or any payment hereunder, may be extended from
time to time without notice, and consent to the acceptance of further security
or the release of any security for this Note, all without in any way affecting
the liability of Maker or any endorsers or guarantors hereof. No extension of
time for the payment of this Note, or any installment hereof, agreed to by
Holder with any person now or hereafter liable for the payment of this Note,
shall affect the original liability of Maker under this Note, even if Maker is
not a party to such agreement.

      5. NOTICE. All notices or other communications required or given hereunder
shall be in writing and shall be deemed effectively given when presented
personally or on the date of receipt if sent by courier service or U.S. Mail
(certified or registered, postage prepaid, return receipt requested) to the
parties at the addresses given below or such other addresses as the parties may
hereafter designate in writing. The date shown on the courier's confirmation of
delivery or return receipt shall be conclusive as to the date of receipt.

                        Maker:   Alain D. Baron

                                 -------------------
                                 -------------------
                                 -------------------

                        Holder:  Amylin Pharmaceuticals, Inc.
                                 9373 Towne Centre Drive
                                 San Diego, California 92121
                                 Attention:  Chief Financial Officer

      6. MISCELLANEOUS.

         (A) Maker shall pay all costs, including, without limitation,
reasonable attorneys' fees incurred by Holder in collecting the sums due
hereunder.

         (B) This Note may be modified only by a written agreement executed by
Maker and Holder.

         (C) This Note shall be governed by California law.

         (D) The terms of this Note shall inure to the benefit of and bind Maker
and Holder and their respective heirs, legal representatives and successors and
assigns.

         (E) Time is of the essence with respect to all matters set forth in
this Note.

                                      A-2.
<PAGE>

         (F) If this Note is destroyed, lost or stolen, Maker will deliver a new
note to Holder on the same terms and conditions as this Note with a notation of
the unpaid principal in substitution of the prior Note. Holder shall furnish to
Maker reasonable evidence that the Note was destroyed, lost or stolen and any
security or indemnity that may be reasonably required by Maker in connection
with the replacement of this Note.

         (G) If any provision of this Note shall be held to be invalid or
unenforceable, such determination shall not affect the remaining provisions of
this Note.

         (H) If this Note is now, or hereinafter shall be, signed by more than
one party or person, it shall be the joint and several obligation of such
parties or persons and shall be binding upon such parties and upon their
respective successors and assigns.

         (I) In the event of any litigation concerning this Agreement, the
prevailing party shall be entitled to a reasonable sum for attorneys' fees,
costs, and litigation expenses, whether or not such action is prosecuted to
judgment. "Prevailing Party" includes without limitation a party who agrees to
dismiss an action upon payment by the other party of sums allegedly due or
performance of the covenants allegedly breached, or who obtains substantially
the relief sought by that party. In the event that the Company is the Prevailing
Party, the Company shall also be entitled to reasonable costs associated with
the collection of the Loan.

      This Note may be prepaid in whole or in part, at any time, without penalty
or premium, on any date prior to the Maturity Date.

      IN WITNESS WHEREOF, Maker has executed this Note as of the date and year
first above written.

                                     MAKER:

                                    ---------------------------
                                    Alain D. Baron

                                      A-3.

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