Document:

Exhibit

Exhibit 10.2

AMENDMENT NO. 2 dated as of April 18, 2016 (this “Amendment”), in respect of the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of April 17, 2015 (as amended by the First Amendment dated as of July 29, 2015, the “Credit Agreement”), among CELGENE CORPORATION, a Delaware corporation (the “Borrower”), the LENDERS from time to time party thereto, and CITIBANK, N.A., as administrative agent (the “Agent”) for the Lenders.
The Borrower has requested that the Termination Date be extended from April 17, 2020 to April 17, 2021 in accordance with Section 2.20(a) of the Credit Agreement.
In consideration of the agreements, provisions and covenants herein contained, and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree, on the terms and subject to the conditions set forth herein, as follows:
SECTION 1.  Amendment.  Upon satisfaction of the conditions set forth in Section 4 below, the Credit Agreement is hereby amended as follows:

(a)  Section 1.01 is amended by inserting in the appropriate alphabetical location the new defined terms:

“Bail-In Action” has the meaning specified in Section 8.15.
(b)  The definition of “Federal Funds Rate” in Section 1.01 is amended by deleting the phrase “arranged by Federal funds brokers”.

(c)  The definition of “Lender Insolvency Event” in Section 1.01 is amended by deleting the phrase “the subject of a proceeding under any Debtor Relief Law” and substituting therefor the phrase “the subject of a proceeding under any Debtor Relief Law or a Bail-In Action”.

(d)  A new Section 8.15 is added to read as follows:

SECTION 8.15.  Acknowledgement and Consent to Bail-In of EEA Financial Institutions.  Notwithstanding anything to the contrary in this Agreement, any Note or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under this Agreement, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:
(a)    the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and
(b)    the effects of any Bail-In Action on any such liability, including, if applicable:
(i)    a reduction in full or in part or cancellation of any such liability;
(ii)    a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or
(iii)    the variation of the terms of such liability  in connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority.
“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.

“Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. 
“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent; 
“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.
“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.
“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.   
“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.
SECTION 2.  Consent to Extension Request.  Each Lender so indicating on its signature page to this Amendment agrees to extend the Termination Date with respect to its Commitment for a period of one year, expiring April 17, 2021.  This agreement to extend the Termination Date is subject in all respects to the terms of the Credit Agreement.

SECTION 3.  Representations and Warranties.  The Borrower hereby represents and warrants to the Agent and the Lenders, that:

(a)  (i) the execution, delivery and performance of this Amendment by the Borrower have been duly authorized by all corporate and stockholder action required to be obtained by the Borrower and (ii) this Amendment has been duly executed and delivered by the Borrower and constitutes the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting creditors’ rights generally and except as enforceability may be limited by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law);

(b)  on and as of the Effective Date, no Default has occurred and is continuing; and

(c)  on and as of the Effective Date and after giving effect to this Amendment, the representations and warranties of the Borrower set forth in the Credit Agreement are true and correct in all material respects, except to the extent such representations and warranties expressly relate to an earlier date; provided that any representation and warranty that is qualified as to “materiality”, “Material Adverse Effect” or similar language, shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates.

SECTION 4.  Effectiveness.  This Amendment shall become a binding agreement on the date (the “Effective Date”) on which each of the following conditions is satisfied:

(a)  The Agent shall have received counterparts hereof duly executed and delivered by the Borrower and the Required Lenders.
(b)  The Agent shall have received, in immediately available funds, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower under the Credit Agreement or under Section 7 hereof.

The Agent shall notify the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding.

Each Lender that consents to the request to extend the Termination Date shall so indicate its consent by executing as indicated on the signature pages.

SECTION 5.  Applicable Law.  THIS AMENDMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AMENDMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

SECTION 6.  Counterparts.  This Amendment may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute but one contract.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment.

SECTION 7.  Expenses.  The Borrower agrees to reimburse the Agent for all reasonable and documented out-of-pocket expenses incurred by it in connection with this Amendment, including the reasonable fees, charges and disbursements of Shearman & Sterling LLP.

SECTION 8.  No Other Amendments; Confirmation.  Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute an amendment of or otherwise affect the rights and remedies of the Lenders or the Agent under the Credit Agreement or the Notes, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or the Notes, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  Nothing herein shall be deemed to entitle the Borrower to a consent to, or an amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any Note in similar or different circumstances.  This Amendment shall apply and be effective only with respect to the provisions of the Credit Agreement specifically referred to herein.  On and after the Effective Date, any reference to the Credit Agreement shall mean the Credit Agreement as amended by this Amendment.

SECTION 9.  Headings.  The Section headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof. 

SECTION 10.  Commitments.  Attached hereto as Schedule I is the revised Schedule I to the Credit Agreement effective as of April 18, 2016.

 [Remainder of page intentionally left blank]

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

	
			
	 
	CELGENE CORPORATION,

	 
	 

	 
	By
	/s/ Jonathan Biller

	 
	 
	Name:  Jonathan Biller

	 
	 
	Title:  SVP, Tax and Treasury

	 
	 

	 
	CITIBANK, N.A., individually and as

	 
	 
	Agent

	 
	 
	 

	 
	By
	/s/ Richard Rivera

	 
	 
	Name:  Richard Rivera

	 
	 
	Title:  Vice President

SIGNATURE PAGE
 
CONSENT TO AMENDMENT NO. 2 to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of APRIL 17, 2015 of CELGENE CORPORATION

	
		
	Name of Lender:  CITIBANK, N.A.

	 

	By
	/s/ Richard Rivera

	 
	Name:  Richard Rivera

	 
	Title:  Vice President

CONSENT TO EXTENSION OF TERMINATION DATE:

	
		
	Name of Lender:  CITIBANK, N.A.

	 

	By
	/s/ Richard Rivera

	 
	Name:  Richard Rivera

	 
	Title:  Vice President

SIGNATURE PAGE
 
CONSENT TO AMENDMENT NO. 2 to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of APRIL 17, 2015 of CELGENE CORPORATION

	
		
	Name of Lender:  JPMORGAN CHASE BANK, N.A.

	 

	By
	/s/ Vanessa Chiu

	 
	Name:  Vanessa Chiu

	 
	Title:  Executive Director

CONSENT TO EXTENSION OF TERMINATION DATE:

	
		
	Name of Lender:  JPMORGAN CHASE BANK, N.A.

	 

	By
	/s/ Vanessa Chiu

	 
	Name:  Vanessa Chiu

	 
	Title:  Executive Director

SIGNATURE PAGE
 
CONSENT TO AMENDMENT NO. 2 to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of APRIL 17, 2015 of CELGENE CORPORATION

	
		
	Name of Lender:  MORGAN STANLEY BANK, N.A.

	 

	By
	/s/ Michael King

	 
	Name:  Michael King

	 
	Title:  Authorized Signatory

CONSENT TO EXTENSION OF TERMINATION DATE:

	
		
	Name of Lender:  MORGAN STANLEY BANK, N.A.

	 

	By
	/s/ Michael King

	 
	Name:  Michael King

	 
	Title:  Authorized Signatory

SIGNATURE PAGE
 
CONSENT TO AMENDMENT NO. 2 to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of APRIL 17, 2015 of CELGENE CORPORATION

	
		
	Name of Lender:  Bank of America, N.A.

	 

	By
	/s/ Joseph L. Corah

	 
	Name:  Joseph L. Corah

	 
	Title:  Director

CONSENT TO EXTENSION OF TERMINATION DATE:

	
		
	Name of Lender:  Bank of America, N.A.

	 

	By
	/s/ Joseph L. Corah

	 
	Name:  Joseph L. Corah

	 
	Title:  Director

SIGNATURE PAGE
 
CONSENT TO AMENDMENT NO. 2 to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of APRIL 17, 2015 of CELGENE CORPORATION

	
		
	Name of Lender:  Barclays Bank PLC

	 

	By
	/s/ Marguerite Sutton

	 
	Name:  Marguerite Sutton

	 
	Title:  Vice President

CONSENT TO EXTENSION OF TERMINATION DATE:

	
		
	Name of Lender:  Barclays Bank PLC

	 

	By
	/s/ Marguerite Sutton

	 
	Name:  Marguerite Sutton

	 
	Title:  Vice President

SIGNATURE PAGE
 
CONSENT TO AMENDMENT NO. 2 to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of APRIL 17, 2015 of CELGENE CORPORATION

	
		
	Name of Lender:  CREDIT SUISSE AG, Cayman Islands Branch

	 

	By
	/s/ Christopher Day

	 
	Name:  Christopher Day

	 
	Title:  AUTHORIZED SIGNATORY

	 
	 

	By
	/s/ Juerg Unterlerchner

	 
	Name:  Juerg Unterlerchner

	 
	Title:  AUTHORIZED SIGNATORY

CONSENT TO EXTENSION OF TERMINATION DATE:

	
		
	Name of Lender:  CREDIT SUISSE AG, Cayman Islands Branch

	 

	By
	/s/ Christopher Day

	 
	Name:  Christopher Day

	 
	Title:  AUTHORIZED SIGNATORY

	 
	 

	By
	/s/ Juerg Unterlerchner

	 
	Name:  Juerg Unterlerchner

	 
	Title:  AUTHORIZED SIGNATORY

SIGNATURE PAGE
 
CONSENT TO AMENDMENT NO. 2 to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of APRIL 17, 2015 of CELGENE CORPORATION

	
		
	Name of Lender:  DEUTSCHE BANK AG NEW YORK BRANCH

	 

	By
	/s/ Ming K. Chu

	 
	Name:  Ming K. Chu

	 
	Title:  Director

	 
	 

	By
	/s/ Virginia Cosenza

	 
	Name:  Virginia Cosenza

	 
	Title:  Vice President

CONSENT TO EXTENSION OF TERMINATION DATE:

	
		
	Name of Lender:  DEUTSCHE BANK AG NEW YORK BRANCH 

	 

	By
	/s/ Ming K. Chu

	 
	Name:  Ming K. Chu

	 
	Title:  Director

	 
	 

	By
	/s/ Virginia Cosenza

	 
	Name:  Virginia Cosenza

	 
	Title:  Vice President

SIGNATURE PAGE
 
CONSENT TO AMENDMENT NO. 2 to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of APRIL 17, 2015 of CELGENE CORPORATION

	
		
	Name of Lender:  GOLDMAN SACHS BANK USA

	 

	By
	/s/ Ryan Durkin

	 
	Name:  Ryan Durkin

	 
	Title:  Authorized Signatory

CONSENT TO EXTENSION OF TERMINATION DATE:

	
		
	Name of Lender:  GOLDMAN SACHS BANK USA

	 

	By
	/s/ Ryan Durkin

	 
	Name:  Ryan Durkin

	 
	Title:  Authorized Signatory

SIGNATURE PAGE
 
CONSENT TO AMENDMENT NO. 2 to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of APRIL 17, 2015 of CELGENE CORPORATION

	
		
	Name of Lender:  HSBC BANK USA, National Association

	 

	By
	/s/ Robert J. Levins 

	 
	Name:  Robert J. Levins 21435

	 
	Title:  Senior Portfolio Manager

CONSENT TO EXTENSION OF TERMINATION DATE:

	
		
	Name of Lender:  HSBC BANK USA, National Association

	 

	By
	/s/ Robert J. Levins 

	 
	Name:  Robert J. Levins 21435

	 
	Title:  Senior Portfolio Manager

SIGNATURE PAGE
 
CONSENT TO AMENDMENT NO. 2 to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of APRIL 17, 2015 of CELGENE CORPORATION

	
		
	Name of Lender:  Standard Chartered Bank

	 

	By
	/s/ Steven Aloupis

	 
	Name:  Steven Aloupis A2388

	 
	Title:  Managing Director

	 
	  Loan Syndications

CONSENT TO EXTENSION OF TERMINATION DATE:

	
		
	Name of Lender:  Standard Chartered Bank 

	 

	By
	/s/ Steven Aloupis

	 
	Name:  Steven Aloupis A2388

	 
	Title:  Managing Director

	 
	  Loan Syndications

SIGNATURE PAGE
 
CONSENT TO AMENDMENT NO. 2 to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of APRIL 17, 2015 of CELGENE CORPORATION

	
		
	Name of Lender:  The Bank of Tokyo-Mitsubishi UFJ, Ltd.

	 

	By
	/s/ Jaime Johnson

	 
	Name:  Jaime Johnson

	 
	Title:  Director

CONSENT TO EXTENSION OF TERMINATION DATE:

	
		
	Name of Lender:  The Bank of Tokyo-Mitsubishi UFJ, Ltd.

	 

	By
	/s/ Jaime Johnson

	 
	Name:  Jaime Johnson

	 
	Title:  Director

SIGNATURE PAGE
 
CONSENT TO AMENDMENT NO. 2 to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of APRIL 17, 2015 of CELGENE CORPORATION

	
		
	Name of Lender:  PNC BANK, NATIONAL ASSOCIATION

	 

	By
	/s/ Lauren Girvan

	 
	Name:  Lauren Girvan

	 
	Title:  Assistant Vice President

CONSENT TO EXTENSION OF TERMINATION DATE:

	
		
	Name of Lender:  PNC BANK, NATIONAL ASSOCIATION

	 

	By
	/s/ Lauren Girvan

	 
	Name:  Lauren Girvan

	 
	Title:  Assistant Vice President

SIGNATURE PAGE
 
CONSENT TO AMENDMENT NO. 2 to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of APRIL 17, 2015 of CELGENE CORPORATION

	
		
	Name of Lender:  U.S. Bank, National Association

	 

	By
	/s/ Jennifer Hwang

	 
	Name:  Jennifer Hwang

	 
	Title:  Senior Vice President

CONSENT TO EXTENSION OF TERMINATION DATE:

	
		
	Name of Lender:  U.S. Bank, National Association

	 

	By
	/s/ Jennifer Hwang

	 
	Name:  Jennifer Hwang

	 
	Title:  Senior Vice President

SCHEDULE I
CELGENE CORPORATION
COMMITMENTS
	
		
	Name of Initial Lender
	Commitment

	Citibank, N.A.
	$178,300,000

	JPMorgan Chase Bank, N.A.
	$178,300,000

	Morgan Stanley Bank, N.A.
	$178,300,000

	Bank of America, N.A.
	$178,300,000

	Barclays Bank PLC
	$153,100,000

	Credit Suisse AG, Cayman Islands Branch
	$153,100,000

	Deutsche Bank AG New York Branch
	$153,100,000

	Goldman Sachs Bank USA
	$153,100,000

	HSBC Bank USA, National Association
	$153,100,000

	Standard Chartered Bank
	$153,100,000

	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	$153,100,000

	PNC Bank, National Association
	$107,550,000

	U.S. Bank, National Association
	$107,550,000

	 
	 

	Total:
	$2,000,000,000Exhibit

Exhibit 10.3
AMENDMENT NO. 3
TO
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
AMENDMENT (“Amendment”) made effective on April 16, 2014 (the “Effective Date”) to the amended and restated employment agreement dated as of May 1, 2006, as amended (the “Employment Agreement”), between Celgene Corporation, a Delaware corporation (the “Company”), and Robert J. Hugin (the “Executive”).  
WHEREAS, the Company and the Executive have previously entered into the Employment Agreement; and
WHEREAS, the Company and the Executive desire to amend the Employment Agreement to eliminate the Executive’s right to an excise tax gross-up with respect to any Internal Revenue Code Section 280G golden parachute payments.
NOW, THEREFORE, effective on the Effective Date, the Employment Agreement is hereby amended as follows:
1.Section 11 of the Employment Agreement is hereby amended in its entirety to read as follows:
    
“11.    Limitation on Payments.
(a)In the event that Employee shall become entitled to the payments and/or benefits provided by Section 10(c) or any other amounts (whether pursuant to the terms of this Agreement or any other plan, arrangement or agreement with the Company, any person whose actions result in a change of ownership or effective control covered by Section 280G(b)(2) of the Code or any person affiliated with the Company or such person) as a result of such change of ownership or effective control (collectively the “Company Payments”), and such Company Payments will be subject to the tax (the “Excise Tax”) imposed by Section 4999 of the Code (and any similar tax that may hereafter be imposed), the Company Payments shall be reduced to the Reduced Amount (as defined below) if, but only if, reducing the Company Payments would provide to Employee a greater net after-tax amount of Company Payments than would be the case if no such reduction took place.  The “Reduced Amount” shall be an amount expressed in present value which maximizes the aggregate present value of the Company Payments without causing any Company Payment to be subject to the Excise Tax, determined in accordance with Section 280G(d)(4) of the Code.  The reduction of the Company Payments to the Reduced Amount, if applicable, shall be made by reducing the payments and benefits under the following sections in the following order: (i) Section 10(c)(iv); (ii) Section 10(c)(i); and (iii) Section 10(c)(iii).

(b)For purposes of determining whether any of the Company Payments will be subject to the Excise Tax and determining the amount of such Excise Tax: (i) the Company Payments shall be treated as “parachute payments” within the meaning of Section 280G(b)(2) of the Code, and all “parachute payments” in excess of the “base amount” (as defined under Section 280G(b)(3) of the Code) shall be treated as subject to the Excise Tax, unless and except to the extent that, in the opinion of the Company’s independent certified public accountants appointed prior to any change in ownership (as defined under Section 280G(b)(2) of the Code) or tax counsel selected by such accountants (the “Accountants”) such Company Payments (in whole or in part), (A) do not constitute “parachute payments,” (B) represent reasonable compensation for services actually rendered within the meaning of Section 280G(b)(4) of the Code or (C) are otherwise not subject to the Excise Tax; and (ii) the value of any non-cash benefits or any deferred payment or benefit shall be determined by the Accountants in accordance with the principles of Section 280G of the Code.    

(c)For purposes of determining whether any of the Company Payments will be subject to reduction pursuant to Section 11(a), Employee shall be deemed to pay taxes at the actual marginal rates of federal, state and local income taxation in the calendar year in which any such Company Payment is to be made.

(d)In the event of any controversy with the Internal Revenue Service (or other taxing authority) under this Section 11, Employee shall permit the Company to control issues related to this Section 11 (at its expense), provided that such issues do not potentially materially adversely affect Employee, but Employee shall control any other issues.  In the event the issues are interrelated, Employee and the Company shall in good faith cooperate so as not to jeopardize resolution of either issue, but if the parties cannot agree, Employee shall make 

the final determination with regard to the issues.  In the event of any conference with any taxing authority as to the Excise Tax or associated income taxes, Employee shall permit the representative of the Company to accompany him, and Employee and his representative shall cooperate with the Company and its representative.

(e)The Company shall be responsible for all charges of the Accountants.

2.Except as amended hereby and expressly provided herein, the Employment Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the undersigned has caused this Amendment to be executed this 16th day of April, 2014.
EXECUTIVE
	
	
	/s/Robert J. Hugin

	Robert J. Hugin

CELGENE CORPORATION
By:    
	
	
	/s/Philippe Van Holle

	Philippe Van Holle

	Sr. Vice President, Global HR

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