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Exhibit 10.1    
  

AMENDED AND RESTATED STOCKHOLDERS' AGREEMENT  

 AMONG  

 REGAL ENTERTAINMENT GROUP  

 AND  

 THE STOCKHOLDERS IDENTIFIED HEREIN  

 MAY 14, 2002  

   TABLE OF CONTENTS  

	 
	 	 
	 	 
	 	Page

	1.	 	REGISTRATION RIGHTS	 	1
	 	 	1.1.	 	Demand Registration Rights	 	1
	 	 	1.2.	 	Piggyback Registration Rights	 	3
	 	 	1.3.	 	Registration Procedures	 	4
	 	 	1.4.	 	Holdback Agreement	 	5
	 	 	1.5.	 	Registration Expenses	 	5
	 	 	1.6.	 	Termination of Registration Rights	 	7
	2.	 	COVENANTS	 	7
	 	 	2.1.	 	Affiliate Transactions	 	7
	 	 	2.2.	 	Consultation Rights	 	7
	3.	 	DEFINITIONS	 	8
	4.	 	MISCELLANEOUS	 	9
	 	 	4.1.	 	Additional Actions and Documents	 	9
	 	 	4.2.	 	Expenses	 	9
	 	 	4.3.	 	Assignment	 	9
	 	 	4.4.	 	Entire Agreement; Amendment	 	9
	 	 	4.5.	 	Waiver	 	10
	 	 	4.6.	 	Limitation on Benefit	 	10
	 	 	4.7.	 	Binding Effect	 	10
	 	 	4.8.	 	Termination	 	10
	 	 	4.9.	 	Governing Law	 	10
	 	 	4.10.	 	Notices	 	10
	 	 	4.11.	 	Headings	 	11
	 	 	4.12.	 	Execution in Counterparts	 	11

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AMENDED AND RESTATED STOCKHOLDERS' AGREEMENT

REGAL ENTERTAINMENT GROUP  

        THIS AMENDED AND RESTATED STOCKHOLDERS' AGREEMENT (this "Agreement"), dated May 14, 2002, by and among
Regal Entertainment Group, a Delaware corporation (the "Company"), Anschutz Investment Fund, LP
("Anschutz"), ACE II LLC f/k/a Anschutz Investment Group LLC ("ACE"), Juniper Family Investments, LLC
("Juniper"), Lyndia K. Harvey as Trustee of the Lyndia K. Harvey Revocable Trust ("Harvey") and OCM
Principal Opportunities Fund II, L.P. ("Oaktree" and together with Anschutz, ACE, Juniper and Harvey, the "Sponsor
Stockholders"), and the other stockholders of the Company identified on Appendix I attached hereto as the
"Non-Sponsor Stockholders." The Sponsor Stockholders and the Non-Sponsor Stockholders, together with other stockholders of the
Company who may become parties hereto from time to time, are referred to herein collectively as the "Stockholders" and individually as a
"Stockholder." 

        WHEREAS,
the original Stockholders' Agreement dated March 8, 2002 (the "Original Stockholders' Agreement") among the Company and
certain Stockholders was entered into in connection with that certain Exchange Agreement, dated March 8, 2002 by and among the Company and the parties thereto (the
"Exchange Agreement"). 

        WHEREAS,
pursuant to the terms of the Exchange Agreement, Anschutz, Juniper and Harvey, as transferees of ACE and Craig D. Slater, became party to the Exchange Agreement on
April 10, 2002 and pursuant to the terms of the Exchange Agreement, Anschutz, Juniper and Harvey became party to the Original Stockholders' Agreement on April 12, 2002; 

        WHEREAS,
pursuant to the terms of the Original Stockholders' Agreement, the Original Stockholders' Agreement became effective on April 12, 2002 upon the closing pursuant to the
Exchange Agreement; 

        WHEREAS,
pursuant to Section 9.9 of the Original Stockholders' Agreement, upon the consummation of the Company's Initial Public Offering, which occurred on the date hereof, the
provisions of Articles 1, 2, 3 and 5 of the Original Stockholders' Agreement automatically terminated; 

        WHEREAS,
pursuant to Section 9.5 of the Original Stockholders' Agreement, the Original Stockholders' Agreement may be amended by the Company and holders of at least seventy five
percent (75%) of the voting power of all shares of Equity Securities held by the Stockholders; 

        WHEREAS,
the Company, Anschutz and certain other Stockholders holding in the aggregate not less than seventy five percent (75%) of the voting power of all shares of Equity Securities
held by the Stockholders desire to amend and restate the Original Stockholders' Agreement to, among other things, delete those provisions of the Original Stockholders' Agreement that terminated upon
the closing of the Company's Initial Public Offering and to conform certain other provisions of the Original Stockholders' Agreement as a result thereof; 

        WHEREAS,
pursuant to Section 9.5 of the Original Stockholders' Agreement, this Agreement shall be binding upon each Stockholder identified on  Appendix I hereto. 

        WHEREAS,
capitalized terms used in this Agreement shall have the meaning ascribed to them in Article 3 hereof. 

        NOW,
THEREFORE, for and in consideration of the foregoing and of the mutual covenants and agreements hereinafter set forth, the Company and the Stockholders agree as follows: 

	1.
	REGISTRATION RIGHTS

	1.1.
	Demand Registration Rights

        1.1.1. Request  

        Subject to the provisions of this Section 1.1, at any time after six (6) months following the closing of the Initial Public
Offering, (A) Anschutz or any Anschutz Affiliate may request registration for sale under the Act of all or part of the Common Stock then held by them; 

 

 provided, however, that such request shall cover the registration of Common Stock with an anticipated aggregate offering price (before any underwriting discounts and
commissions) of at least $25,000,000 and (B) Oaktree or any Oaktree Affiliate may request registration for sale under the Act of all or part of the Common Stock then held by them;  provided, however, that such request shall cover the
registration of Common Stock with an anticipated aggregate offering price (before any underwriting discounts and commissions) of at least $25,000,000. Within thirty (30) days after receipt by
the Company of such request (which request shall specify the number of shares proposed to be registered and sold), the Company shall promptly give written notice to all other Stockholders of the
proposed demand registration, and such other Stockholders shall have the right to join in such proposed registration and sale, upon written request to the Company (which request shall specify the
number of shares proposed to be registered and sold) within fifteen (15) days after receipt of such notice from the Company. The Company shall thereafter, as expeditiously as practicable, use
its reasonable best efforts (x) to file with the SEC under the Act a registration statement on the appropriate form concerning all Common Stock specified in the demand request and all shares
with respect to which the Company has received such written request from the other Stockholders and (y) to cause such registration statement to be declared effective. The Company shall use its
reasonable best efforts to cause each offering pursuant to this Section 1.1 to be managed, on a firm commitment basis, by a recognized regional
or national underwriter. With respect to requests for registration by Anschutz or any Anschutz Affiliate pursuant to clause (A) above, the Company shall not be required to comply with
more than three (3) requests by Anschutz or any Anschutz Affiliate, collectively, for demand registrations pursuant to this Section 1.1
unless pursuant to the provisions of Section 1.1.3 hereof a number of shares in excess of fifty percent (50%) of the Common Stock requested to be
included in a registration are not included, in which event such demand registration shall not count against the three (3) demand registrations to which Anschutz and any Anschutz Affiliates,
collectively, are entitled. With respect to requests for registration by Oaktree or any Oaktree Affiliate pursuant to clause (B) above, the Company shall not be required to comply with
more than two (2) requests by Oaktree or any Oaktree Affiliates, collectively, for demand registrations pursuant to this Section 1.1  unless pursuant to the provisions of Section 1.1.3 hereof a number of shares in excess of fifty percent (50%) of the
Common Stock requested to be included in a registration are not included, in which event such demand registration shall not count against the two (2) demand registrations to which Oaktree and
any Oaktree Affiliates, collectively, are entitled. 

        1.1.2. Delay by Company  

        The Company shall not be required to effect a demand registration under the Act pursuant to Section 1.1.1 above if (i) the
Company receives such request for registration within one hundred twenty (120) days preceding the anticipated effective date of a proposed underwritten public offering of securities of the
Company approved by the Company's board of directors prior to the Company's receipt of such request; (ii) within twelve (12) months prior to any such request for registration, a
registration of securities of the Company has been effected in which the Stockholders had the right to participate pursuant to this Section 1.1
or Section 1.2 hereof; or (iii) the board of directors of the Company reasonably determines in good faith that effecting such a demand
registration at such time would have a material adverse effect upon a proposed sale of all (or substantially all) the assets of the Company, or a merger, reorganization, recapitalization, or similar
transaction materially affecting the capital structure or equity ownership of the Company; provided,  however, that the Company may only delay a demand
registration pursuant to this  Section 1.1.2(iii) for a period not exceeding six (6) months (or until such earlier time as such transaction is consummated or no longer
proposed). The Company shall promptly notify in writing the Stockholders requesting registration of any decision not to effect any such request for registration pursuant to this  Section 1.1.2,
which notice shall set forth in reasonable detail the 

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reason for such decision and shall include an undertaking by the Company promptly to notify such Stockholders as soon as a demand registration may be effected. 

        1.1.3. Pro Rata Reduction  

        If a demand registration is an underwritten registration and the managing underwriters advise the Company and the Stockholders participating in the demand registration in writing that in
their opinion the number of shares of Common Stock requested to be included in such registration exceeds the number that can be sold in such offering, then the amount of such shares that may be
included in such registration shall be allocated pro rata among all of such participating Stockholders in proportion to the number of shares of Common Stock such Stockholders have requested to include
in the demand registration. 

        1.1.4. Withdrawal  

        Stockholders participating in any demand registration pursuant to this Section 1.1 may withdraw at any time before a registration
statement is declared effective, in which event the Company shall withdraw such registration statement (and the Stockholders shall not be deemed to have requested a demand registration for purposes of  Section 1.1.1 hereof) unless at least fifty percent (50%) of the shares of Common Stock of the Company requested to be registered remain covered
by such registration statement. If the Company withdraws a registration statement under this Section 1.1.4 in respect of a registration for which
the Company would otherwise be required to pay expenses under Section 1.5.2 hereof, the Stockholders that shall have withdrawn shall be liable to
the Company for all expenses of such registration specified in Section 1.5.2 hereof in proportion to the number of shares each such withdrawing
Stockholder shall have requested to be registered. 

	1.2.
	Piggyback Registration Rights  

        1.2.1. Request  

        If at any time or times after the date hereof the Company proposes to make a registered public offering of any of its Equity Securities under the Act (whether to be sold by it or by one
or more third parties), other than (a) the Company's Initial Public Offering, (b) an offering pursuant to a demand registration under  Section 1.1.1 hereof or (c) an offering
registered on Form S-8, Form S-4, or comparable forms, the
Company shall, not less than ten (10) business days prior to the proposed filing date of the registration form, give written notice of the proposed registration to each Stockholder, and
at the
written request of a Stockholder delivered to the Company within five (5) business days after the receipt of such notice, shall include in such registration and offering, and in any
underwriting of such offering, all shares of Common Stock as may have been designated in such Stockholder's request. 

        1.2.2. Pro Rata Reduction  

        If a registration in which any Stockholder has the right to participate pursuant to this Section 1.2 is an underwritten primary
registration on behalf of the Company, and the managing underwriters advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds
the number that can be sold in such offering, the Company shall include in such registration (i) first, the securities of the Company proposed to be sold by the Company, and (ii) second,
the Common Stock proposed to be sold by such Stockholder and by any other Stockholders proposing to sell shares of Common Stock pursuant to such registration, in proportion to the number of shares of
Common Stock so requested by each of them to be included. If a registration in which such Stockholder has the right to participate pursuant to this  Section 1.2 is an underwritten secondary
registration and the managing underwriters advise the Company in writing that in their opinion the
number of securities 

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requested to be included in such registration exceeds the number that can be sold in such offering, then the Company shall include in such offering the number of shares of Common Stock owned and
proposed to be sold by such Stockholder and by any other participants (including other Stockholders) proposing (and entitled) to sell shares pursuant to such registration, in proportion to the number
of shares of Common Stock so requested by each of them to be included. 

        1.3. Registration Procedures  

        The Company shall have no obligation to file a registration statement pursuant to Section 1.1 hereof, or to include shares
of Common Stock owned by any Stockholder in a registration statement pursuant to Section 1.2 hereof, unless and until such Stockholder shall have
furnished the Company with all information and statements about or pertaining to such Stockholder in such reasonable detail and on such timely basis as is reasonably deemed by the Company to be
necessary or appropriate with respect to the preparation of the registration statement. Whenever any Stockholder has requested that any shares of Common Stock be registered pursuant to  Sections 1.1
or 1.2 hereof, the Company shall, as expeditiously as reasonably possible: 

        1.3.1 prepare and file with the SEC a registration statement with respect to such shares and use its best efforts to cause such
registration statement to become effective as soon as reasonably practicable thereafter (provided that before filing a registration statement or
prospectus or any amendments or supplements thereto, the Company shall furnish counsel for such Stockholder with copies of all such documents proposed to be filed); 

        1.3.2 prepare and file with the SEC such amendments and supplements to such registration statement and prospectus used in connection
therewith as may be necessary to keep such registration statement effective for a period of not less than nine (9) months or until such Stockholder has completed the distribution described in
such registration statement, whichever occurs first; 

        1.3.3 furnish to such Stockholder such number of copies of such registration statement, each amendment and supplement thereto, the
prospectus included in such registration statement (including each preliminary prospectus), and such other documents as such Stockholder may reasonably request; 

        1.3.4 use its best efforts to register or qualify such shares under such other securities or blue sky laws of such jurisdictions as such
Stockholder reasonably requests (and to maintain such registrations and qualifications effective for a period of nine (9) months or until such Stockholder has completed the distribution of such
shares, whichever occurs first), and to do any and all other acts and things that may be reasonably necessary or advisable to enable such Stockholder to consummate the disposition of such shares in
such jurisdictions (provided that the Company will not be required to (i) qualify generally to do business in any jurisdiction where it would not
be required but for this Section 1.3.4, (ii) subject itself to taxation in any such jurisdiction, or (iii) file any general consent
to service of process in any such jurisdiction); provided, that notwithstanding anything to the contrary in this Agreement with respect to the bearing
of expenses, if any such jurisdiction shall require that expenses incurred in connection with the qualification of such shares in that jurisdiction be borne in part or full by such Stockholder, then
such Stockholder shall pay such expenses to the extent required by such jurisdiction; 

        1.3.5 notify such Stockholder, at any time when a prospectus relating to such shares of Common Stock is required to be delivered under the
Act within the period that the Company is required to keep the registration statement effective, of the happening of any event as a result of which the prospectus included in any such registration
statement contains an untrue statement of a material fact or omits any fact necessary to make the statements therein not misleading, and prepare a supplement or amendment to such prospectus so that,
as thereafter delivered to the 

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purchasers of such shares, such prospectus will not contain an untrue statement of a material fact or omit to state any fact necessary to make the statements therein not misleading; 

        1.3.6 cause all such shares to be listed on securities exchanges, if any, on which similar securities issued by the Company are then
listed; 

        1.3.7 provide a transfer agent and registrar for all such shares (if the Company does not already have such an agent) not later than the
effective date of such registration statement; 

        1.3.8 enter into such customary agreements (including an underwriting agreement in customary form) and take all such other actions as such
Stockholder reasonably requests (and subject to its reasonable approval) in order to expedite or facilitate the disposition of such shares; and 

        1.3.9 make available for inspection by such Stockholder, by any underwriter participating in any distribution pursuant to such
registration statement, and by any attorney, accountant or other agent retained by such Stockholder or by any such underwriter, all financial and other records, pertinent corporate documents, and
properties (other than confidential intellectual property) of the Company. 

	1.4.
	Holdback Agreement  

        If requested by the Company or the representatives of the underwriters of Equity Securities of the Company, each Stockholder shall not sell or otherwise transfer
or dispose of any Equity Securities of the Company held by such Stockholder (other than those included in a registration, if applicable) for a period specified by the representative of the
underwriters, which period shall not exceed one hundred eighty (180) days following the effective date of a registration statement of the Company filed under the Act,  provided that all directors
and executive officers of the Company enter into similar agreements. Each Stockholder agrees to execute and deliver such
other agreements as may reasonably be requested by the Company or the underwriter that are consistent with the foregoing or that are necessary to give further effect thereto. The obligations described
in this Section 1.4 shall not apply to a registration relating solely to employee benefit plans on Form S-1 or
Form S-8 or similar forms. The Company may impose stop-transfer instructions with respect to the Equity Securities subject to the foregoing restrictions, not to exceed a
one hundred eighty (180) day period. 

	1.5.
	Registration Expenses  

        1.5.1. Stockholder Expenses  

        If, pursuant to Section 1.1 or 1.2 hereof, shares of Common Stock owned by any
Stockholder are included in a registration statement, then such Stockholder shall pay all transfer taxes, if any, relating to the sale of its shares, the fees and expenses of its own counsel (other
than the one counsel provided for in Section 1.5.2.), and its pro rata portion of any underwriting discounts or commissions or the equivalent
thereof. 

        1.5.2. Company Expenses  

        Except for the fees and expenses specified in Section 1.5.1 hereof and except as provided below in this  Section 1.5.2, the Company shall pay all expenses incident to the registration and to the Company's performance of or compliance with this
Agreement, including, without limitation, all registration and filing fees, fees and expenses of compliance with securities or blue sky laws, underwriting discounts, fees and expenses (other than such
Stockholder's pro rata portion of any underwriting discounts or commissions or the equivalent thereof), the expenses and fees for listing the securities to be registered on exchanges on which similar
securities issued by the Company are then listed, printing expenses, messenger and delivery expenses, internal expenses of the Company (including, without limitation, all salaries and expenses of its
officers and employees performing 

5

 

legal or accounting duties), fees and expenses of counsel for the Company and all independent certified public accountants and other persons retained by the Company and fees and expenses of one
counsel to represent all Stockholders participating in the registration. 

        1.5.3. Indemnity  

        In the event that any shares of Common Stock owned by a Stockholder are sold by means of a registration statement pursuant to  Section 1.1 or
1.2 hereof, the Company agrees to indemnify and hold harmless such Stockholder,
each of its officers and directors, and each person, if any, who controls or may control such Stockholder within the meaning of the Act from and against all demands, claims, actions or causes of
action, assessments, losses, damages, liabilities, costs, and expenses (including, without limitation, interest, penalties, and reasonable attorneys' fees and disbursements) (hereinafter referred to
in this Section 1.5.3 in the singular as a "claim" and in the plural as "claims") asserted against, resulting from, imposed upon or incurred by
such indemnified person, directly or indirectly, based upon, arising out of or resulting from any untrue statement of a material fact contained in the registration statement or any omission to state
therein a material fact necessary to make the statements made therein, in the light of the circumstances under which they were made, not misleading, except insofar as such claim is based upon, arises
out of or results from information furnished in writing to the Company by such Stockholder for use in connection with the registration statement. Such Stockholder agrees to indemnify and hold harmless
the Company, its officers and directors, and each person, if any, who controls or may control the Company within the meaning of the Act from and against all claims asserted against, resulting to,
imposed upon or incurred by such indemnified person, directly or indirectly, based upon, arising out of or resulting from any untrue statement of a material fact contained in the registration
statement or any omission to state therein a material fact necessary in order to make the statement made therein, in the light of the circumstances under which they were made, not misleading, to the
extent that such claim is based upon, arises out of or results from information furnished in writing to the Company by such Stockholder for use in connection with the registration statement. The
indemnifications set forth herein shall be in addition to any liability the Company or such Stockholder may otherwise have to the indemnified persons. Promptly after actually receiving definitive
notice of any claim in respect of which an indemnified person may seek indemnification under this Section 1.5.3, such indemnified person shall
submit written notice thereof to the indemnifying person under this Section 1.5.3. The failure of such indemnified person so to notify such
indemnifying person of any such claim shall not relieve the indemnifying person from any liability it may have hereunder except to the extent that (i) such liability was caused or increased by
such failure or (ii) the ability of the indemnifying person to reduce such liability was materially adversely affected by such failure. In addition, the failure of the indemnified person so to
notify the indemnifying person of
any such claim shall not relieve the indemnifying person from any liability it may have otherwise than hereunder. The indemnifying person shall have the right to undertake, by counsel or
representatives of its own choosing, the defense, compromise or settlement (without admitting liability of the indemnified person) of any such claim asserted, such defense, compromise or settlement to
be undertaken at the expense and risk of the indemnifying person, and the indemnified person shall have the right to engage separate counsel, at its own expense, whom counsel for the indemnifying
person shall keep informed and consult with in a reasonable manner. In the event the indemnifying person shall elect not to undertake such defense by its own representatives, the indemnifying person
shall give prompt written notice of such election to the indemnified person, and the indemnified person shall undertake the defense, compromise or settlement (without admitting liability of the
indemnified person) thereof on behalf of and for the account and risk of the indemnifying person by counsel or other representatives designated by the indemnified person. In the event that any claim
shall arise out of a transaction or cover any period or periods wherein the Company and such Stockholder shall each be liable hereunder for part of the liability or obligation arising therefrom, then
the parties shall, each 

6

 

choosing its own counsel and bearing its own expenses, defend such claim, and no settlement or compromise of such claim may be made without the joint consent or approval of the Company and such
Stockholder. Notwithstanding the foregoing, no indemnifying person shall be obligated hereunder with respect to amounts paid in settlement of any claim if such settlement is effected without the
consent of such indemnifying person (which consent shall not be unreasonably withheld). 

	1.6.
	Termination of Registration Rights  

        Except with respect to registrations previously requested or in process, the registration rights set forth in  Section 1.1 and
1.2 shall terminate as to any Equity Securities that become (i) eligible
for sale in compliance with Rule 144(k) under the Act (or any similar rule then in force) or (ii) otherwise eligible for sale and saleable within any consecutive three
(3) month period pursuant to Rule 144. 

	2.
	COVENANTS

 
	2.1.
	 Affiliate Transactions.  

        So long as Anschutz, any Anschutz Affiliate, Oaktree or any Oaktree Affiliate holds any Equity Securities, the Company will not without the prior approval of each
of Anschutz and Oaktree, enter into or engage in, or permit any of its subsidiaries to enter into or engage in, any transaction or series of related transactions with any Stockholder or any Affiliate
of any Stockholder, unless such transaction is on terms no less favorable to the Company or its subsidiaries than those that would have been obtainable at that time in an arms-length
transaction with an unaffiliated or uninterested party. 

	2.2.
	Consultation Rights.  

        So long as Anschutz, any Anschutz Affiliate, Oaktree or any Oaktree Affiliate hold any Equity Securities, each of the foregoing shall be entitled to: 

        (i)    to
discuss the business operations, properties, financial and other conditions, and plans and prospects of the Company with any director, senior executive officer or
other authorized officer of the Company designated by the board of directors of the Company, and upon reasonable notice to the Company, with any director, senior executive officer or other authorized
officer of any subsidiary of the Company; 

        (ii)  to
submit suggestions from time to time to the management of the Company with the requirement that one or more senior executive officers of the Company shall discuss
such suggestions with the Person submitting such suggestions within a reasonable period of time after such submission; and 

        (iii)  to
meet with one or more senior executive officers of the Company, at reasonable times and on reasonable notice in order to discuss any suggestions made under
(ii) above or for other purposes. 

        The
rights granted to Anschutz, any Anschutz Affiliate, Oaktree and any Oaktree Affiliate hereunder are not in substitution for, and shall not be deemed to be in limitation of, any
rights otherwise available to any of the foregoing as holders of any securities of the Company. In addition, the Company shall require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and or assets of the Company to expressly assume and agree to perform the covenants contained in this  Section 2.2 in the same
manner and to the same extent that the Company would have been required to perform if no succession had taken place. 

7

  

	3.
	DEFINITIONS  

        Capitalized terms used in this Agreement shall have the meaning ascribed to them as follows: 

        "Act"
shall mean the Securities Act of 1933, as amended. 

        "Affiliate"
shall mean with respect to any Person, any other Person that, directly or indirectly, controls, is controlled by or is under common control with such Person. For purposes of
the foregoing, "control" when used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person,
whether through the ownership of voting securities, by contract or otherwise, and the terms "controlled" and "controlling" shall have meanings correlative to the foregoing. 

        "Agreement"
shall mean this Amended and Restated Stockholders' Agreement. 

        "Anschutz"
shall have the meaning ascribed to that term in the introductory paragraph of this Agreement. 

        "Anschutz
Affiliates" means (i) Anschutz and any company, joint venture, limited liability company, association or partnership of which Anschutz is a shareholder, member, manager
or general partner, as the case may be or (ii) any Person that, directly or indirectly, controls, is controlled by or is under common control with Anschutz Company, a Delaware corporation. For
purposes of the foregoing, "control" when used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of
such Person, whether through the ownership of voting securities, by contract or otherwise, and the terms "controlled" and "controlling" shall have meanings correlative to the foregoing. 

        "Class A
Common Stock" shall mean the common stock of the Company designated Class A, par value $0.001 per share. 

        "Class B
Common Stock" shall mean the common stock of the Company designated Class B, par value $0.001 per share. 

        "Common
Stock" shall mean the Class A Common Stock and the Class B Common Stock. 

        "Company"
shall have the meaning ascribed to that term in the introductory paragraph of this Agreement. 

        "Equity
Securities" shall mean any share of any class or series of capital stock of the Company or any right or option to acquire any share of capital stock of the Company and shall
include the Common Stock. 

        "Initial
Public Offering" shall mean the initial public offering of shares of the Company's Class A Common Stock, which offering was consummated on May 14, 2002. 

        "Oaktree"
shall have the meaning ascribed to that term in the introductory paragraph of this Agreement. 

        "Oaktree
Affiliates" means (i) Oaktree and any company, joint venture, limited liability company, association or partnership of which Oaktree is a shareholder, member, manager or
general partner, as the case may be or (ii) any Person that, directly or indirectly, controls, is controlled by or is under common control with Oaktree. For purposes of the foregoing, "control"
when used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the
ownership of voting securities, by contract or otherwise, and the terms "controlled" and "controlling" shall have meanings correlative to the foregoing. 

8

 

        "Non-Sponsor
Stockholder" shall mean any person or entity named as such on the signature pages of this Agreement or on Appendix I  attached hereto, as such Appendix may be modified from time to time.

        "Person"
means a corporation, trust, limited liability company, association, partnership, joint venture, organization, business, individual, government (or subdivision thereof),
governmental agency or other legal entity. 

        "Sponsor
Stockholder" shall mean any person named as such in the introductory paragraph of this Agreement or on Appendix I attached
hereto, as such Appendix I may be modified from time to time. 

        "Stockholder"
shall have the meaning ascribed to that term in the introductory paragraph of this Agreement. 

	4.
	MISCELLANEOUS

 
	4.1.
	 Additional Actions and Documents  

        Each of the Company and the Stockholders hereby agrees to take or cause to be taken such further actions, to execute, deliver and file or cause to be executed,
delivered and filed such further documents and instruments, and to obtain such consents, as may be necessary or as may be reasonably requested in order to fully effectuate the purposes, terms and
conditions of this Agreement. 

	4.2.
	Expenses  

        The Company and each Stockholder shall pay his or its own expenses incident to the preparation and negotiation of this Agreement and the transactions contemplated
hereunder, including all legal and accounting fees and disbursements, except as expressly set forth in Section 1.5 hereof or in any other
provision of this Agreement. 

	4.3.
	Assignment  

        Neither the Company nor any Stockholder shall assign this Agreement, in whole or in part, whether by operation of law or otherwise unless such person shall have
obtained the prior written consent of the Company and all of the Stockholders. Any purported assignment of this Agreement contrary to the terms hereof shall be null and void and of no force and
effect. 

	4.4.
	Entire Agreement; Amendment  

        This Agreement, including the Appendices and Exhibits hereto and other writings referred to herein or delivered pursuant hereto, constitutes the entire agreement
among the Company and the Stockholders with respect to the matters addressed herein, and it supersedes all prior oral or written agreements, commitments or understandings with respect to the matters
provided for herein. No amendment, modification or discharge of this Agreement shall be valid or binding unless set forth in writing and duly executed by the Company and (i) holders of at least
a majority of the voting power of the shares of Equity Securities then held by Anschutz or any Anschutz Affiliate and holders of at least a majority of the voting power of the shares of Equity
Securities then held by Oaktree or any Oaktree Affiliate; provided, however, that if, collectively, Anschutz, any Anschutz Affiliate, Oaktree and any
Oaktree Affiliate hold less than 33% of the voting power of all of the shares of Equity Securities held by all Stockholders, then (ii) holders of at least seventy five percent (75%) of the
voting power of all shares of Equity Securities held by the Stockholders. Notwithstanding the foregoing provisions of Section 4.4, no provision
of this Agreement (including, without limitation, the provisions of this Section 4.4) may be waived or amended in any manner that would
materially and adversely affect the rights of any Non-Sponsor Stockholder without the written consent of such affected Non-Sponsor Stockholder. Any amendment or waiver effected
in accordance with this Section 4.4shall be binding upon each holder of any Equity Securities. 

9

 

	4.5.
	Waiver  

        No delay or failure on the part of the Company or any Stockholder in exercising any right, power or privilege under this Agreement or under any other instruments
given in connection with or pursuant to this Agreement shall impair any such right, power or privilege or be construed as a waiver of any default or any acquiescence therein. No single or partial
exercise of any such right, power or privilege shall preclude the further exercise of such right, power or privilege, or the exercise of any other right, power or privilege. No waiver shall be valid
against the Company or any Stockholder unless made in writing and signed by the Person against whom enforcement of such waiver is sought and then only to the extent expressly specified therein. 

	4.6.
	Limitation on Benefit  

        It is the explicit intention of the Company and the Stockholders that no person or entity other than the Company and the Stockholders is or shall be entitled to
bring any action to enforce any provision of this Agreement against any of the Company or the Stockholders, and the covenants, undertakings and agreements set forth in this Agreement shall be solely
for the benefit of, and shall be enforceable only by, the Company and the Stockholders or their respective successors, heirs, executors, administrators, legal representatives and permitted assigns. 

	4.7.
	Binding Effect  

        This Agreement shall be binding upon and shall inure to the benefit of the Company and the Stockholders and their respective successors, heirs, executors,
administrators, legal representatives and permitted assigns. 

	4.8.
	Termination  

        This Agreement shall automatically terminate as to any Stockholder who is or who becomes subject to this Agreement when such Stockholder ceases to own any Equity
Securities or any interest therein and such Stockholder shall thereafter have no rights or obligations hereunder. 

	4.9.
	Governing Law  

        This Agreement, the rights and obligations of the Company and the Stockholders, and any claims or disputes relating thereto, shall be governed by and construed in
accordance with the laws of Delaware (excluding the choice of law rules thereof). 

	4.10.
	Notices  

        All notices, demands, requests, or other communications that may be or are required to be given, served, or sent by the Company or any Stockholder to the Company
or any Stockholder pursuant to this Agreement shall be in writing and shall be hand-delivered, mailed by first-class, registered or certified mail, return receipt requested, postage
prepaid, sent by FedEx or other reputable overnight 

10

 

courier service or transmitted by telegram, telecopy, facsimile transmission or telex, addressed as follows: 

	(i)	 	If to the Company:
	

 	
 	

Regal Entertainment Group

7132 Mike Campbell Drive

Knoxville, TN 37918

Attention: President
	

 	
 	

and to
	

 	
 	

Regal Entertainment Group

7132 Mike Campbell Drive

Knoxville, TN 37918

Attention: General Counsel
	

with a copy (which shall not constitute notice) to:
	

 	
 	

The Anschutz Corporation

555 17th Street, Suite 2400

Denver, CO 80202

Attention: Michael F. Bennet
	

 	
 	

and to
	

 	
 	

Hogan & Hartson L.L.P.

One Tabor Center, Suite 1500

1200 Seventeenth Street

Denver, CO 80202

Attention: Christopher J. Walsh
	

(ii)	
 	

If to a Stockholder:
	

 	
 	

To such Stockholder's address on Appendix I hereto.

Each
of the Company and any Stockholder may designate by notice in writing a new address to which any notice, demand, request or communication may thereafter be so given, served or sent. Each notice,
demand, request, or communication that shall be hand-delivered, mailed, overnighted, transmitted, telecopied or telexed in the manner described above, or that shall be delivered to a
telegraph company, shall be deemed sufficiently given, served, sent, received or delivered for all purposes at such time as it is delivered to the addressee (with the return receipt, the delivery
receipt, or the answerback being deemed conclusive, but not exclusive, evidence of such delivery) or at such time as delivery is refused by the addressee upon presentation. 

	4.11.
	Headings  

        Article and Section headings and the table of contents contained in this Agreement are inserted for convenience of reference only, shall not be
deemed to be a part of this Agreement for any purpose, and shall not in any way define or affect the meaning, construction or scope of any of the provisions hereof. 

	4.12.
	Execution in Counterparts  

        To facilitate execution, this Agreement may be executed in as many counterparts as may be required; and it shall not be necessary that the signatures of, or on
behalf of, each signatory, or that the signatures of all persons required to bind any signatory, appear on each counterpart; but it shall be sufficient that the signature of, or on behalf of, each
signatory appear on one or more of the 

11

 

counterparts. All counterparts shall collectively constitute a single agreement. It shall not be necessary in making proof of this Agreement to produce or account for more than a number of
counterparts containing the respective signatures of, or on behalf of, all of the signatories hereto. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

12

 

        IN
WITNESS WHEREOF, the undersigned have duly executed this Agreement, or have caused this Agreement to be duly executed on their behalf, as of the day and year first hereinabove set
forth. 

	

 	
 	
REGAL ENTERTAINMENT GROUP
	

 	
 	

By:	
 	

/s/  PETER B. BRANDOW      
 Name: Peter B. Brandow
	 	 	 	 	Title:	Executive Vice President, General Counsel and Secretary

	

 	
 	
ANSCHUTZ INVESTMENT FUND, LP
	

 	
 	

By:	
 	

Anschutz Company, its general partner
	

 	
 	

By:	
 	

/s/  CRAIG D. SLATER      
 Name: Craig D. Slater

Title: Executive Vice President
	 	 	 	 	Voting Power: 77.7%
	

 	
 	
OCM Principal Opportunities Fund II, L.P.
	

 	
 	

By:	
 	

Oaktree Capital Management, LLC, its general partner
	

 	
 	

By:	
 	

/s/  STEPHEN KAPLAN      
 Name: Stephen Kaplan

Title: Principal
	

 	
 	

By:	
 	

/s/  B. JAMES FORD      
 Name: B. James Ford

Title: Managing Director
	 	 	 	 	Voting Power: 17.3%

13

APPENDIX I

STOCKHOLDERS  

SPONSOR STOCKHOLDERS  

Anschutz
Investment Fund, LP

c/o The Anschutz Corporation

555 17th Street, Suite 2400

Denver, CO 80202 

ACE
II LLC

c/o The Anschutz Corporation

555 17th Street, Suite 2400

Denver, CO 80202 

Juniper
Family Investments, LLC

c/o The Anschutz Corporation

555 17th Street, Suite 2400

Denver, CO 80202 

Lyndia
K. Harvey, Trustee of the Lyndia K. Harvey Revocable Trust

c/o The Anschutz Corporation

555 17th Street, Suite 2400

Denver, CO 80202 

OCM
Principal Opportunities Fund II, L.P.

333 South Grand Avenue, 28th Floor

Los Angeles, CA 90071 

NON-SPONSOR STOCKHOLDERS  

Edwards
Affiliated Holdings, LLC

C/o W. James Edwards III

25 Heritage Lane

Newport Beach, CA 92660 

GSCP
Recovery, Inc.

c/o GSC Partners

500 Campus Drive, Suite 220

Florham Park, NJ 07932 

LBI
Group, Inc.

c/o Lehman Brothers, Inc.

101 Hudson Street

Jersey City, NJ 07302 

Putnam
High Yield Trust

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
High Yield Advantage Fund

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Variable Trust-Putnam VT High Yield Fund

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Master Income Trust

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Premier Income Trust

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Master Intermediate Income Trust

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Diversified Income Trust

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Funds Trust-Putnam High Yield Trust II

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Strategic Income Fund

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
Variable Trust-Putnam VT Diversified Income Fund

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
High Yield Fixed Income Fund, LLC

c/o Putnam Fiduciary Trust Company

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Putnam
High Yield Managed Trust

c/o Putnam Fiduciary Trust Company

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

Travelers
Series Fund Inc.-Putnam Diversified Income Portfolio

c/o Putnam Investment Management, LLC

High Yield Group

One Post Office Square, 7th Floor

Boston, MA 02109 

QuickLinks

Exhibit 10.1QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.102    
  

 
 

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT    
  

August 13,
2002 

Chiron
Corporation

4560 Horton Street

Emeryville, CA 94608 

Attention:                                 

	Re:
	Amended
and Restated Revolving Credit Facility 

Ladies
and Gentlemen: 

        BANK
OF AMERICA, N.A. (the "Lender") is pleased to make available to CHIRON CORPORATION, a Delaware corporation (the
"Borrower"), an amended and restated revolving credit facility on the terms and subject to the conditions set forth below. The amended and restated
revolving credit facility evidenced by this Agreement replaces the $100,000,000 revolving credit facility evidenced by that certain Revolving Credit Agreement dated as of February 27, 1998, as
heretofore amended (the
"Prior Agreement"). This Agreement amends, restates, replaces and supersedes in its entirety the Prior Agreement. 

        Terms
not defined herein have the meanings assigned to them in Exhibit A hereto. 

1.    The Facility.  

	(a)
	The Commitment.    Subject to the terms and conditions set forth herein, the Lender agrees to make available to the Borrower
until the Maturity Date a revolving credit facility providing for loans ("Loans") in an aggregate principal amount not exceeding at any time One Hundred
Million Dollars ($100,000,000) (the "Commitment"). Within the foregoing limit, the Borrower may borrow, repay and reborrow Loans until the Maturity
Date.

	(b)
	Borrowings, Conversions, Continuations.    The Borrower may request that Loans be (i) made as or converted to Base
Rate Loans by irrevocable notice to be received by the Lender not later than 11:00 a.m. on the Business Day of the borrowing or conversion, or (ii) made or continued as, or converted to,
Eurodollar Rate Loans by irrevocable notice to be received by the Lender not later than 11:00 a.m. three Business Days prior to the Business Day of the borrowing, continuation or conversion. If
the Borrower fails to give a notice of conversion or continuation prior to the end of any Interest Period in respect of any Eurodollar Rate Loan, the Borrower shall be deemed to have requested that
such Loan be converted to a Base Rate Loan on the last day of the applicable Interest Period. If the Borrower requests that a Loan be continued as or converted to a Eurodollar Rate Loan, but fails to
specify an Interest Period with respect thereto, the Borrower shall be deemed to have selected an Interest Period of one month. Notices pursuant to this Paragraph 1(b)  may be given by telephone if
promptly confirmed in writing. 

Each
Eurodollar Rate Loan shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Each Base Rate Loan shall be in a minimum principal amount of $500,000 or a
whole multiple of $100,000 in excess thereof. There shall not be more than ten different Interest Periods in effect at any time. 

	(c)
	Interest.    At the option of the Borrower, Loans shall bear interest at a rate per annum equal to (i) the Eurodollar
Rate plus the Applicable Rate; or (ii) the Base Rate plus the Applicable Rate. Interest on Base
Rate Loans when the Base Rate is determined by the Lender's "prime rate" shall be calculated on the basis of a year of 365 or 366 days and actual days elapsed. All other interest hereunder
shall be calculated on the basis of a year of 360 days and actual days elapsed. 

 

The
Borrower promises to pay interest (i) for each Eurodollar Rate Loan, (A) on the last day of the applicable Interest Period, and, if the Interest Period is longer than three months,
on the respective dates that fall every three months after the beginning of the Interest Period, and (B) on the date of any conversion of such Loan to a Base Rate Loan; (ii) for Base
Rate Loans, on the last Business Day of each calendar quarter; and (iii) for all Loans, on the Maturity Date. If the time for any payment is extended by operation of law or otherwise, interest
shall continue to accrue for such extended period. 

After
the date any principal amount of any Loan is due and payable (whether on the Maturity Date, or upon Default), or after any other monetary obligation hereunder shall have become due and payable
(in each case without regard to any applicable grace periods), the Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on such amounts at a rate
per annum equal to the Base Rate plus 2.5%. Furthermore, while any Event of Default exists, the Borrower shall pay interest on the principal amount of the Loans at a rate per annum equal to the Base
Rate plus 2.5%. Accrued and unpaid interest on past due amounts shall be payable on demand. 

In
no case shall interest hereunder exceed the amount that the Lender may charge or collect under applicable law. 

	(d)
	Evidence of Loans.    The Loans and all payments thereon shall be evidenced by the Lender's loan accounts and records;  provided,
however, that upon the request of the Lender, the Loans may be evidenced by a promissory note in the form of  Exhibit B hereto in addition to such loan accounts and records.
Such loan accounts, records and promissory note shall be conclusive absent
manifest error of the amount of the Loans and payments thereon. Any failure to record any Loan or payment thereon or any error in doing so shall not limit or otherwise affect the obligation of the
Borrower to pay any amount owing with respect to the Loans.

	(e)
	Fees.
	(1)
	Facility Fee.    The Borrower promises to pay to the Lender a facility fee equal to the Applicable Rate on the actual daily
amount of the Commitment, regardless of usage, payable in arrears on the last Business Day of each calendar quarter and on the Maturity Date, and calculated on the basis of a year of 360 days
and actual days elapsed.

	(2)
	Upfront Fee.    The Borrower promises to pay to the Lender an upfront fee of 0.06% on the amount of the initial Commitment
(i.e., a total upfront fee of $60,000), payable upon Borrower's execution of this Agreement. 

All
fees payable hereunder shall be fully-earned upon becoming due and payable, shall be non-refundable for any reason whatsoever and shall be in addition to any other fee, cost or expense
payable pursuant to the revolving credit facility. 

	(f)
	Repayment.    The Borrower promises to pay all Loans then outstanding on the Maturity Date. 

The
Borrower shall make all payments required hereunder not later than 2:00 p.m. on the on the date of payment in same day funds in Dollars at the office of the Lender located at 100 North
Tryon Street, Charlotte, North Carolina or such other address as the Lender may from time to time designate in writing. 

All
payments by the Borrower to the Lender hereunder shall be made to the Lender in full without set-off or counterclaim and free and clear of and exempt from, and without deduction or
withholding for or on account of, any present or future taxes, levies, imposts, duties or charges of whatsoever nature imposed by any government or any political subdivision or taxing authority
thereof. The Borrower shall reimburse the Lender for any taxes imposed on or withheld from such payments (other than taxes imposed on the Lender's income, and franchise taxes imposed on the 

2

 

Lender, by the jurisdiction under the laws of which the Lender is organized or any political subdivision thereof). 

	(g)
	Prepayments.    The Borrower may, upon three Business Days' notice, in the case of Eurodollar Rate Loans, and upon
same-day notice in the case of Base Rate Loans, prepay Loans on any Business Day; provided that the Borrower pays all Breakage Costs (if
any) associated with such prepayment on the date of such prepayment. Prepayments of Eurodollar Rate Loans must be accompanied by a payment of interest on the amount so prepaid. Prepayments of
Eurodollar Rate Loans must be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Prepayments of Base Rate Loans must be in a principal amount of $500,000 or a
whole multiple of $100,000 in excess thereof, or, if less, the entire principal amount thereof then outstanding.

	(h)
	Commitment Reductions.    The Borrower may, upon five Business Days' notice, reduce or cancel the undrawn portion of the
Commitment, provided, that the amount of such reduction is not less than $10,000,000 or a whole multiple of $1,000,000 in excess thereof.

	(i)
	Guaranty.    The Loans (and all other amounts due and owing under the revolving credit facility) shall be fully and
unconditionally guaranteed by the Guarantor pursuant to the Guaranty provided in Exhibit C.

	2.
	Conditions Precedent to Loans.

	(a)
	Conditions Precedent to Closing and Initial Loan.    As a condition precedent to the closing of the revolving credit facility
hereunder and the making of the initial Loan hereunder, the Lender must receive the following from the Borrower in form satisfactory to the Lender:

	(i)
	the
enclosed duplicate of this Agreement duly executed and delivered on behalf of the Borrower;

	(ii)
	a
certified borrowing resolution or other evidence of the Borrower's authority to borrow;

	(iii)
	a
certificate of incumbency;

	(iv)
	if
requested by the Lender, a promissory note as contemplated in Paragraph 1(d) above;

	(v)
	a
Guaranty duly executed and delivered by the Guarantor, and such other certificates, organizational documents and other documents or instruments in
connection therewith as the Lender may reasonably request; and

	(vi)
	such
other documents and certificates (including legal opinions) as the Lender may reasonably request. 

	(b)
	Conditions to Each Borrowing, Continuation and Conversion.    As a condition precedent to each borrowing (including the
initial borrowing), continuation and conversion of any Loan:

	(i)
	The
Borrower must furnish the Lender with, as appropriate, a notice of borrowing, continuation or conversion;

	(ii)
	each
representation and warranty set forth in Paragraph 3 below shall be true and correct in all
material respects as if made on the date of such borrowing, continuation or conversion; and

	(iii)
	no
Default shall have occurred and be continuing on the date of such borrowing, continuation or conversion. 

Each
notice of borrowing, continuation or conversion shall be deemed a representation and warranty by the Borrower that the conditions referred to in clauses (ii) and (iii) above have
been met. 

3

 
	3.
	Representations and Warranties.    The Borrower represents and warrants that:

	(a)
	Existence and Qualification; Power; Compliance with Laws.    It (i) is a corporation duly organized or formed, validly
existing and in good standing under the laws of the state of its organization or formation, (ii) has the power and authority and the legal right to (A) own and operate its properties, to
lease the properties it operates and to conduct its business and (B) execute, deliver and perform its obligations under the Loan Documents, (iii) is duly qualified and in good standing
under the laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification, and (iv) is in compliance with all laws,
except in each case referred to in clause (ii) (A) or clause (iv), to the extent that a failure to do so could not reasonably be expected to have a Material Adverse Effect.

	(b)
	Power; Authorization; Enforceable Obligations.    The execution, delivery and performance of this Agreement and the other
Loan Documents by the Borrower are within its powers and have been duly authorized by all necessary action, and this Agreement is and the other Loan Documents, when executed, will be legal, valid and
binding obligations of the Borrower, enforceable in accordance with their respective terms. The execution, delivery and performance of this Agreement and the other Loan Documents are not in
contravention of law or of the terms of the Borrower's organic documents and will not result in the breach of or constitute a default under, or result in the creation of a lien under any indenture,
agreement or undertaking to which the Borrower is a party or by which it or its property may be bound or affected.

	(c)
	Financial Statements; No Material Adverse Effect.    The audited consolidated balance sheet and statements of earnings and
cash flow of the Borrower and its Subsidiaries as of December 31, 2001, present fairly the consolidated financial condition of the Borrower and its Subsidiaries as of such date in accordance
with generally accepted accounting principles applied on a consistent basis, and since such date, there has been no event or circumstance that has or could reasonably be expected to have a Material
Adverse Effect.

	(e)
	No Default.    No Default has occurred and is continuing.

	(f)
	Use of Proceeds.    The proceeds of the Loans will be used solely for working capital and other general corporate purposes,
including without limitation for the funding of permitted acquisitions, and in accordance with requirements of law, and will not be used, directly or indirectly, immediately, incidentally or
ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System) or to extend credit to others for the purpose of
purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose.

	(g)
	ERISA.    Each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code, and other
Federal or state law, including all requirements under the Code or ERISA for filing reports, and benefits have been paid in accordance with the provisions of such Plan except where the failure to be
in compliance in all material respects could not reasonably be expected to have a Material Adverse Effect.

	(h)
	Environmental Matters.    All facilities owned or leased by the Borrower or its Subsidiaries have been and continue to be in
material compliance with all material environmental laws and regulations.

	(i)
	Full Disclosure.    No statement (whether written or oral) made by the Borrower to the Lender in connection with this
Agreement (including the negotiation hereof), or in connection with any Loan, contains any untrue statement of a material fact or omits a material fact necessary to make the statement made not
misleading; provided that, with respect to projected financial information, the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be
reasonable at the time. 

4

 
	4.
	Covenants.    So long as principal of and interest on any Loan or any other amount payable hereunder or under any other Loan
Document remains unpaid or unsatisfied and the Commitment has not been terminated:

	(a)
	Information.    The Borrower shall deliver to the Lender:

	(i)
	as
soon as available and in any event within 90 days after the end of each fiscal year of the Borrower a consolidated balance sheet of the
Borrower and its Subsidiaries as of the end of such fiscal year and the related consolidated statements of income and cash flows for such fiscal year, setting forth in each
case in comparative form the figures for the previous fiscal year, all prepared in accordance with generally accepted accounting principles applied on a consistent basis and certified by independent
public accountants of nationally recognized standing;

	(ii)
	as
soon as available and in any event within 45 days after the end of each of the first three quarters of each fiscal year of the Borrower a
consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such quarter and the related consolidated statements of income and cash flows for such quarter and for the portion of
the Borrower's fiscal year ended at the end of such quarter, setting forth in each case in comparative form the figures for the corresponding quarter and the corresponding portion of the Borrower's
previous fiscal year, all in reasonable detail and duly certified (subject to normal year-end adjustments) by the chief financial officer of the Borrower as having been prepared in
accordance with generally accepted accounting principles applied on a consistent basis;

	(iii)
	promptly
upon the Borrower's obtaining knowledge of any Default, a certificate of the chief financial officer or treasurer of the Borrower setting
forth the details thereof and any action that the Borrower is taking or proposes to take with respect thereto;

	(iv)
	promptly
upon the Borrower's or the Guarantor's obtaining knowledge thereof, a notice of any announcement by either S&P or Moody's of any change in a
Debt Rating; and

	(v)
	from
time to time such additional information regarding the financial condition or business of the Borrower and its Subsidiaries as the Lender may
reasonably request. 

Documents
required to be delivered pursuant to Sections 4(a)(i) and 4(a)(ii) above (to the extent any such documents are included in materials otherwise filed with the SEC) may be
delivered electronically and, if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or (ii) on which such documents are
posted on the Borrower's behalf on Global Access or another relevant website, if any, to which the Lender has access (whether a commercial, third-party website or whether sponsored by the Lender);  provided that: (x) upon the Lender's request, the Borrower shall deliver paper copies and/or electronic versions
(i.e., "soft copies") of such documents to the Lender. In any event, the Lender shall have no obligation to request the delivery or to maintain copies
of the documents referred to above. 

	(b)
	Other Affirmative Covenants.    The Borrower shall, and shall cause each of its Subsidiaries to:

	(i)
	preserve
and maintain all of its rights, privileges, and franchises (1) that are necessary and (2) the absence of which would cause a
Material Adverse Effect;

	(ii)
	comply
with the requirements of all applicable laws, rules, regulations, and orders of governmental authorities;

	(iii)
	pay
and discharge when due all taxes, assessments, and governmental charges or levies imposed on it or on its income or profits or any of its property,
except for any such tax, assessment, charge, or levy the payment of which is being contested in good faith and by proper proceedings and against which adequate reserves are being maintained; 

5

 

	(iv)
	maintain
all of its properties owned or used in its business in good working order and condition ordinary wear and tear excepted;

	(v)
	permit
representatives of the Lender, during normal business hours, to examine, copy, and make extracts from its books and records, to inspect its
properties, and to discuss its business and affairs with its officers, directors, and accountants; and

	(vi)
	maintain
insurance in such amounts, with such deductibles, and against such risks as is customary for similarly situated businesses. 

	(c)
	Negative Covenants. So long as any Loan shall remain unpaid or the Lender shall have any Commitment hereunder, the Borrower will not:

	(i)
	Mergers, Etc.    Merge with or into or consolidate with any other Person; liquidate, wind up,
dissolve, divide or convey, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired)
to, any Person; or agree, become or remain liable (contingently or otherwise) to do any of the foregoing, or permit any Subsidiary to do any of the foregoing, except:

	(1)
	Any
corporation may merge or liquidate into the Borrower provided that either [the word "either" was stricken in signed copy]:

	(a)
	The
Borrower is the surviving corporation, and

	(b)
	The
Guaranty remains in full force and effect. 

	(2)
	the
Borrower may merge with and into the Guarantor. 

and provided, further, that, in the case of each transaction permitted in clauses (1) and (2) above, that no Default shall have occurred
and be continuing at the time of such proposed transaction or would result therefrom. 

	(ii)
	Change In Nature of Business.    Make, or permit any Subsidiary to make, any material change
in the nature of its business as a pharmaceutical business; 

	5.
	Events of Default.    The following are "Events of Default:"

	(a)
	The
Borrower fails to pay any principal of any Loan as and on the date when due; or

	(b)
	The
Borrower fails to pay any interest on any Loan, or any commitment fee due hereunder, or any portion thereof, within three days after the date when due; or the Borrower fails to
pay any other fee or amount payable to the Lender under any Loan Document, or any portion thereof, within five days after the date due; or

	(c)
	The
Borrower fails to perform or observe any term, covenant or agreement contained in Paragraph 4(a) or  4(c) hereof; or

	(d)
	The
Borrower fails to perform or observe any other covenant or agreement (not specified above) contained in any Loan Document on its part to be performed or observed and such failure
continues for 30 days after the earlier of (i) notice being given by the Lender and (ii) the Borrower's first knowledge of such failure; or

	(e)
	Any
representation, warranty, certification or statement of fact made or deemed made by or on behalf of the Borrower or the Guarantor, in any other Loan Document, or in any document
delivered in connection herewith or therewith shall be incorrect or misleading when made or deemed made; or

	(f)
	The
Borrower or any of its Subsidiaries fails to make any payment in respect of bonds, notes, other loans or similar evidences of indebtedness (other than indebtedness hereunder) or
guaranty 

6

 

obligation
having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) in
excess of $5,000,000 when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise), the effect of which default is to cause, or to permit the holder or holders of
such indebtedness or beneficiary or beneficiaries of such guaranty obligation (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of
notice if required, such indebtedness to be demanded or become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or
redeem such indebtedness to be made, prior to its stated maturity, or such guaranty obligation to become payable or cash collateral in respect thereof to be demanded; or 

	(g)
	The
Borrower, any of its Subsidiaries or the Guarantor institutes or consents to the institution of any proceeding under Debtor Relief Laws, or makes an assignment for the benefit of
creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its
property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of the Borrower, such Subsidiary or the
Guarantor (as the case may be), and the appointment continues undischarged or unstayed for 60 calendar days; or any proceeding under Debtor Relief Laws relating to the Borrower, any Subsidiary, the
Guarantor or to all or any material part of the Borrower's, such Subsidiary's or the Guarantor's property is instituted without the consent of the Borrower, such Subsidiary or the Guarantor (as the
case may be) and continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceeding; or

	(h)
	The
Borrower or the Guarantor is unable or admits in writing its inability or fails generally to pay its debts as they become due; or

	(j)
	Any
Loan Document, at any time after its execution and delivery and for any reason other than the agreement of the Lender or satisfaction in full of all the indebtedness hereunder,
ceases to be in full force and effect or is declared by a court of competent jurisdiction to be null and void, invalid or unenforceable in any respect; or the Borrower or the Guarantor denies that it
has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan Document; or

	(k)
	The
Guarantor shall breach any term or provision under, or default under, the Guaranty or any document or instrument related thereto or given by the Guarantor in connection therewith,
or the Guaranty or any such document or instrument shall be contested or liability shall be denied thereunder by the Guarantor or any person claiming through the Guarantor; or

	(l)
	The
Borrower's or the Guarantor's Debt Rating is at the Default Debt Rating. 

Upon
the occurrence of an Event of Default, the Lender may declare the Commitment to be terminated, whereupon the Commitment shall be terminated, and/or declare all sums outstanding hereunder and
under the other Loan Documents, including all interest thereon, to be immediately due and payable, whereupon the same shall become and be immediately due and payable, without notice of default,
presentment or demand for payment, protest or notice of nonpayment or dishonor, or other notices or demands of any kind or character, all of which are hereby expressly waived;  provided, however, that
upon the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code
of the United States of America, the Commitment shall automatically terminate, and all sums outstanding hereunder and under each other Loan Document, including all interest thereon, shall become and
be immediately due and payable, without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor, or other notices or demands of any kind or character, all of
which are hereby expressly waived. 

7

 
	6.
	Miscellaneous.

	(a)
	All
financial computations required under this Agreement shall be made, and all financial information required under this Agreement shall be prepared, in accordance with generally
accepted accounting principles consistently applied.

	(b)
	All
references herein and in the other Loan Documents to any time of day shall mean the local (standard or daylight, as in effect) time of Charlotte, North Carolina.

	(c)
	The
Borrower shall be obligated to pay all Breakage Costs.

	(d)
	If
at any time the Lender, in its sole discretion, determines that (i) adequate and reasonable means do not exist for determining the Eurodollar Rate, or (ii) the
Eurodollar Rate does not accurately reflect the funding cost to the Lender of making such Loans, the Lender's obligation to make or maintain Eurodollar Rate Loans shall cease for the period during
which such circumstance exists.

	(e)
	The
Borrower shall reimburse or compensate the Lender, upon demand, for all costs incurred, losses suffered or payments made by the Lender which are applied or reasonably allocated by
the Lender to the transactions contemplated herein (all as determined by the Lender in its reasonable discretion) by reason of any and all future reserve, deposit, capital adequacy or similar
requirements against (or against any class of or change in or in the amount of) assets, liabilities or commitments of, or extensions of credit by, the Lender; and compliance by the Lender with any
directive, or requirements from any regulatory authority, whether or not having the force of law.

	(f)
	No
amendment or waiver of any provision of this Agreement or of any other Loan Document and no consent by the Lender to any departure therefrom by the Borrower shall be effective
unless such amendment, waiver or consent shall be in writing and signed by a duly authorized officer of the Lender, and any such amendment, waiver or consent shall then be effective only for the
period and on the conditions and for the specific instance specified in such writing. No failure or delay by the Lender in exercising any right, power or privilege hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other rights, power or privilege.

	(g)
	Except
as otherwise expressly provided herein, notices and other communications to each party provided for herein shall be in writing and shall be delivered by hand or overnight
courier service, mailed or sent by telecopy to the address provided from time to time by such party. However, any notice required due to a Default or Event of Default on behalf of the Borrower shall
be delivered by courier service or mail as otherwise stipulated in this section. Any such notice or other communication sent by overnight courier service, mail or telecopy shall be effective on the
earlier of actual receipt and (i) if sent by overnight courier service, the scheduled delivery date, (ii) if sent by mail, the fourth Business Day after deposit in the U.S. mail first
class postage prepaid, and (iii) if sent by telecopy, when transmission in legible form is complete. All notices and other communications sent by the other means listed in the first sentence of
this paragraph shall be effective upon receipt. Notwithstanding anything to the contrary contained herein, all notices (by whatever means) to the Lender pursuant to  Paragraph 1(b) hereof shall be
effective only upon receipt. Any notice or other communication permitted to be given, made or confirmed by
telephone hereunder shall be given, made or confirmed by means of a telephone call to the intended recipient at the number specified in writing by such Person for such purpose, it being understood and
agreed that a voicemail message shall in no event be effective as a notice, communication or confirmation hereunder. 

The
Lender shall be entitled to rely and act upon any notices (including telephonic notices of borrowings, conversions and continuations) purportedly given by or on behalf of the Borrower even if
(i) such notices were not made in a manner specified herein, were incomplete or were not 

8

 

preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify
the Lender, its affiliates and the officers, directors, employees, agents and attorneys-in-fact of the Lender and such affiliates from all losses, costs, expenses and
liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other communications with the Lender may be
recorded by the Lender, and the Borrower hereby consents to such recording. 

	(h)
	This
Agreement shall inure to the benefit of the parties hereto and their respective successors and assigns, except that the Borrower may not assign its rights and obligations
hereunder. Beginning six months from the execution of the Commitment, the Lender may at any time (i) assign all or any part of its rights and obligations hereunder to any Acceptable Financial
Institution with the consent of the Borrower, such consent not to be unreasonably withheld or delayed, provided that no such consent shall be required
if the assignment is to an affiliate of the Lender or if an Event of Default exists, and
(ii) without notice to or the consent of the Borrower or the Guarantor, grant to any other Person participating interests in all or part of its rights and/or obligations hereunder. The Borrower
agrees to execute any documents reasonably requested by the Lender in connection with any such assignment. All information provided by or on behalf of the Borrower to the Lender or its affiliates may
be furnished by the Lender to its affiliates and to any actual or proposed assignee or participant. However, Borrower is not responsible for costs or legal fees incurred by the Lender or its
affiliates related to any such assignment or participation.

	(i)
	The
Borrower shall pay the Lender, on demand, all reasonable out-of-pocket expenses and legal fees incurred by the Lender in connection with the enforcement of
this Agreement or any instruments or agreements executed in connection herewith.

	(j)
	Whether
or not the transactions contemplated hereby are consummated, the Borrower shall indemnify and hold harmless the Lender, its affiliates, and their respective directors,
officers, employees, counsel, agents and attorneys-in-fact (collectively the "Indemnitees") from and against any and all
liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses and disbursements (including fees, disbursements and expenses of counsel) of any kind
or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (a) the execution,
delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the
consummation of the transactions contemplated thereby, (b) the Commitment or any Loan or the use or proposed use of the proceeds therefrom, or (c) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any
pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the
"Indemnified Liabilities"), in all cases, whether or not caused by or arising, in whole or in part, out of the negligence of the Indemnitee;  provided that
such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties,
claims, demands, actions, judgments, suits, costs, expenses or disbursements are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of such Indemnitee. No Indemnitee shall be liable for any indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its
activities in connection herewith or therewith (whether before or after the closing of the revolving credit facility). The agreements in this  Paragraph 6(j) shall survive the replacement of the
Lender, the termination of the Commitment and the repayment, satisfaction or discharge of all 

9

 

obligations
under the Loan Documents. All amounts due under this Paragraph 6(j) shall be payable within ten Business Days after demand therefor. 

	(k)
	If
any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining
provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid
or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or
unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

	(l)
	This
Agreement may be executed in one or more counterparts, and each counterpart, when so executed, shall be deemed an original but all such counterparts shall constitute but one and
the same instrument.

	(m)
	This
Agreement and the other Loan Documents are governed by, and shall be construed in accordance with, the laws of the State of New York and the applicable laws of the United States
of America. The Borrower hereby submits to the nonexclusive jurisdiction of the United States District Court and each state court in the Borough of Manhattan, New York for the purposes of all legal
proceedings arising out of or relating to any of the Loan Documents or the transactions contemplated thereby. The Borrower irrevocably consents to the service of any and all process in any such action
or proceeding by the mailing of copies of such process to the Borrower at its address set forth beneath its signature hereto. The Borrower irrevocably waives, to the fullest extent permitted by law,
any objection which it may now or hereafter have to the laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been
brought in an inconvenient forum.

	(n)
	THE
BORROWER AND THE LENDER EACH WAIVE THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS AGREEMENT, THE OTHER
LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

	(o)
	THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

[THE
BALANCE OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

10

 

        Please
indicate your acceptance of the Commitment on the foregoing terms and conditions by returning an executed copy of this Agreement to the undersigned not later than  October 1, 2002.

	 	 	BANK OF AMERICA, N.A.,
 a national banking association
	

 	
 	

By:	
 	

/s/  CRAIG MURLLESS      
 Name: Craig Murlless

Title: Vice President

	Accepted, acknowledged and agreed to as of the date first written above:
	CHIRON CORPORATION,
 a Delaware corporation
	

By:	
 	

/s/  JE KENT      
 Name: Jim Kent

Title: V.P. and Treasurer	
 	

 	
 	

 

11

  

 
 

EXHIBIT A    
  

 
 

DEFINITIONS    
  

	

Acceptable Financial Institution	
 	

A Person that is (i) a national bank, (ii) any other financial institution, or (iii) any other investor reasonably acceptable to the Borrower.
	

Agreement:	
 	

This Amended and Restated Revolving Credit Agreement, as amended, restated, extended, supplemented or otherwise modified in writing from time to time.
	

Applicable Rate:	
 	

From time to time, the following percentages per annum, based upon the higher (as described in the definition of "Debt Rating") Debt Rating of (i) the Borrower and (ii) the Guarantor, as set
forth below:
	
 
	
 	

Pricing Level
	
 	

Debt Ratings (S&P/Moody's)
	
 	

Eurodollar

Rate Loan
	
 	

Base Rate

Loan
	
 	

Facility Fee

	 	 	1	 	A-/A3 or better	 	0.25%	 	0.00%	 	0.05%
	 	 	2	 	BBB-/Baa3 to BBB+/Baa1, inclusive	 	0.45%	 	0.00%	 	0.10%
	 	 	3	 	BB+/Ba1 or worse	 	0.70%	 	0.25%	 	0.20%
	

 	
 	

Initially, the Applicable Rate shall be determined based upon the Debt Rating at the closing of the revolving credit facility. Thereafter, each change in the Applicable Rate resulting from a publicly announced change in the Debt Rating shall be
effective, in the case of an upgrade, during the period commencing on the date of delivery by the Borrower to the Lender of notice thereof and ending on the date immediately preceding the effective date of the next such change and, in the case of a
downgrade, during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change.
	

Base Rate:	
 	

For any day, a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly announced from time to time by the Lender
as its "prime rate." The Lender's prime rate is a rate set by the Lender based upon various factors including the Lender's costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some
loans, which may be priced at, above, or below such announced rate. Any change in the prime rate announced by the Lender shall take effect at the opening of business on the day specified in the public announcement of such change.
	

Base Rate Loan:	
 	

A Loan bearing interest based on the Base Rate.
	
 	
 	

 	
 	

 	
 	

 	
 	

 	
 	

 

-1-

 

	

Breakage Costs:	
 	

Without duplication, any loss, cost or expense incurred by the Lender (including any loss of anticipated profits and any loss or expense arising from the liquidation or reemployment of funds obtained by the Lender to maintain the relevant Eurodollar
Rate Loan or from fees payable to terminate the deposits from which such funds were obtained) as a result of (i) any continuation, conversion, payment or prepayment of any Eurodollar Rate Loan on a day other than the last day of the Interest
Period therefor (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); or (ii) any failure by the Borrower (for a reason other than the failure of the Lender to make a Loan when all conditions to making such Loan
have been met by the Borrower in accordance with the terms hereof) to prepay, borrow, continue or convert any Eurodollar Rate Loan on a date or in the amount notified by the Borrower. The certificate of the Lender as to its costs of funds, losses and
expenses incurred shall be conclusive absent manifest error.
	

Business Day:	
 	

Any day other than a Saturday, Sunday, or other day on which commercial banks are authorized to close under the laws of, or are in fact closed in, the State of New York or the state where the Lender's lending office is located and, if such day
relates to any Eurodollar Rate Loan, means any such day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.
	

Code:	
 	

The Internal Revenue Code of 1986, as amended from time to time.
	

Debt Rating:	
 	

As of any date of determination, the rating as determined by either S&P or Moody's (collectively, the "Debt Ratings") of the non-credit-enhanced, senior unsecured long-term debt of the Borrower or
the Guarantor, as applicable; provided that if a Debt Rating is issued by each of the foregoing rating agencies, then the lower of such Debt Ratings shall apply (with the Debt Rating for Pricing
Level 1 being the highest and the Debt Rating for Pricing Level 3 being the lowest), unless there is a split in Debt Ratings of more than one level, in which case the Pricing Level that is one level higher than the Pricing Level of the
lower Debt Rating shall apply.
	

Debtor Relief Laws:	
 	

The Bankruptcy Code of the United States of America, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws
of the United States of America or other applicable jurisdictions from time to time in effect affecting the rights of creditors generally.
	

Default:	
 	

Any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default.
	

Default Debt Rating:	
 	

A Debt Rating equal to or below (i) BB- (as designated by S&P) or (ii) Ba3 (as designated by Moody's).
	

Dollar or $:	
 	

The lawful currency of the United States of America.
	

ERISA:	
 	

The Employee Retirement Income Security Act of 1974 and any regulations issued pursuant thereto, as amended from time to time.
	
 	
 	

 	
 	

 	
 	

 	
 	

 	
 	

 

-2-

 

	

Eurodollar Rate:	
 	

For any Interest Period with respect to any Eurodollar Rate Loan, a rate per annum determined pursuant to the following formula:

	 	 	Eurodollar Rate =	 	Eurodollar Base Rate
 1.00 - Eurodollar Reserve Percentage	 	 	 	 

	

 	

Where,	
 	

 	
 	

 	
 	

 
	

 	

 	
 	

"Eurodollar Base Rate" means, for such Interest Period:
	

 	

 	
 	

    (a) the rate per annum equal to the rate determined by the Lender to be the offered rate that appears on the page of the Telerate screen (or any successor thereto) that displays an average British Bankers Association
Interest Settlement Rate for deposits in Dollars (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) two Business Days prior to the first
day of such Interest Period, or
	

 	

 	
 	

    (b) if the rate referenced in the preceding clause (a) does not appear on such page or service or such page or service shall not be available, the rate per annum equal to the rate determined by the Lender to be the
offered rate on such other page or other service that displays an average British Bankers Association Interest Settlement Rate for deposits in Dollars (for delivery on the first day of such Interest Period) with a term equivalent to such Interest
Period, determined as of approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, or
	

 	

 	
 	

    (c) if the rates referenced in the preceding clauses (a) and (b) are not available, the rate per annum determined by the Lender as the rate of interest at which deposits in Dollars for delivery on the first day
of such Interest Period in same day funds in the approximate amount of the Eurodollar Rate Loan being made, converted or continued and with a term equivalent to such Interest Period would be offered by the Lender's London Branch to major banks in the
London interbank eurodollar market at their request at approximately 4:00 p.m. (London time) two Business Days prior to the first day of such Interest Period.
	

 	

 	
 	

"Eurodollar Reserve Percentage" means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day applicable to the
Lender under regulations issued from time to time by the Board of Governors of the Federal Reserve System for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to
Eurocurrency funding (currently referred to as "Eurocurrency liabilities"). The Eurodollar Rate for each outstanding Eurodollar Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve
Percentage.
	

Eurodollar Rate Loan:	

A Loan bearing interest based on the Eurodollar Rate.
	

Event of Default:	

Has the meaning set forth in Paragraph 5.

-3-

 

	

Federal Funds Rate:	

For any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of
New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next
preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary,
 to a whole multiple of 1/100 of 1%) charged to the Lender on such day on such transactions as determined by the Lender.
	

Governmental Authority:	

Any federal, state, local or foreign court or governmental agency, authority, instrumentality or regulatory body.
	

Guarantor:	

Novartis AG, Basel, a Swiss corporation and the controlling shareholder of the Borrower.
	

Guaranty:	

The Joint and Several Guarantee agreement executed by the Guarantor in favor of and for the benefit of the Lender in the form attached as Exhibit C to the Agreement.
	

Interest Period:	

For each Eurodollar Rate Loan, (a) initially, the period commencing on the date the Eurodollar Rate Loan is disbursed or converted from a Base Rate Loan and (b) thereafter, the period commencing on the last day of the preceding Interest
Period, and, in each case, ending on the earlier of (x) the Maturity Date and (y) one, two, three or six months thereafter, as requested by the Borrower; provided that:
	

 	

 	
 	

(i) any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on
the next preceding Business Day; and
	

 	

 	
 	

(ii) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of
the calendar month at the end of such Interest Period.
	

Loan Documents:	

This Agreement, the promissory note, the Guaranty, and the fee letter, if any, delivered in connection with this Agreement.
	

Material Adverse Effect:	

(a) A material adverse change in, or a material adverse effect upon, the operations, business, properties, liabilities (actual or contingent), condition (financial or otherwise) or prospects of the Borrower or the Borrower and its Subsidiaries
taken as a whole; (b) a material impairment of the ability of the Borrower to perform its obligations under any Loan Document; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against the
Borrower of any Loan Document.
	

Maturity Date:	

February 27, 2006, or such earlier date on which the Commitment may terminate in accordance with the terms hereof.
	
 	

 	
 	

 	
 	

 	
 	

 	
 	

 

-4-

 

	

Person:	

Any natural person, corporation, limited liability company, trust, joint stock company, association, company, partnership, governmental authority or other entity.
	

Plan:	

Any employee benefit plan maintained or contributed to by the Borrower or by any trade or business (whether or not incorporated) under common control with the Borrower within the meaning of Section 414(b) or (c) of the Code (and
Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code) and insured by the Pension Benefit Guaranty Corporation under Title IV of ERISA.
	

SEC:	

The Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions.
	

Subsidiary:	

With respect to any Person, a corporation, partnership, joint venture, limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or
other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one
or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a "Subsidiary" or to "Subsidiaries" refer to a Subsidiary or Subsidiaries of the Borrower.

-5-

  

 
 

EXHIBIT B    
  

 
 

FORM OF PROMISSORY NOTE    
  

	$100,000,000	 	August 13, 2002

        FOR VALUE RECEIVED, the undersigned, CHIRON CORPORATION, a Delaware corporation (the "Borrower"), hereby promises
to pay to the order of BANK OF AMERICA, N.A. (the "Lender") the principal sum of ONE HUNDRED MILLION DOLLARS ($100,000,000) or, if less, the aggregate
unpaid principal amount of all Loans made by the Lender to the Borrower pursuant to that certain Amended and Restated Revolving Credit Agreement, dated as of even date herewith (such Amended and
Restated Revolving Credit Agreement, as it may be amended, restated, extended, supplemented or otherwise modified from time to time, being hereinafter called the
"Agreement"), between the Borrower and the Lender, on the Maturity Date. The Borrower further promises to pay interest on the unpaid principal amount of
the Loans evidenced hereby from time to time at the rates, on the dates, and otherwise as provided in the Agreement. 

        The
loan account records maintained by the Lender shall at all times be conclusive evidence, absent manifest error, as to the amount of the Loans and payments thereon;  provided, however, that any
failure to record any Loan or payment thereon or any error in doing so shall not limit or otherwise affect the obligation of the Borrower to pay any amount owing with respect to the Loans. 

        This
promissory note is the promissory note referred to in, and is entitled to the benefits of, the Agreement, which Agreement, among other things, contains provisions for acceleration
of the maturity of the Loans evidenced hereby upon the happening of certain stated events and also for prepayments on account of principal of the Loans prior to the maturity thereof upon the terms and
conditions therein specified. 

        Unless
otherwise defined herein, terms defined in the Agreement are used herein with their defined meanings therein. This promissory note shall be governed by, and construed in
accordance with, the laws of the State of New York. 

	 	 	CHIRON CORPORATION,
 a Delaware corporation
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Name:

Title: 

-1-

  

NOVARTIS AG

CH-4002 Basel

Switzerland 

 
 

EXHIBIT C    
  

  

BANK
OF AMERICA, N.A.

100, North Tryon Street

Charlotte, NC 28255 

September 11,
2002 

 
 

JOINT AND SEVERAL GUARANTEE

§ 1

        Novartis
AG, Basel, a Swiss corporation (hereinafter called "Guarantor"), has a substantial financial interest in Chiron Corporation (hereinafter called "Debtor"), which has requested
Bank of America NA (hereinafter called "Bank") to provide the revolving credit facility evidenced by the Amended and Restated Revolving Credit Agreement dated August 13, 2002 (hereinafter
called "Credit Facility") maturing February 27, 2006, and any successor or replacement, up to a total amount of USD 100'000'000.- (in words: one hundred million United States Dollars only). 

§ 2

        The
Guarantor hereby agrees with the Bank that it shall, as guarantor jointly and severally with the Debtor, fulfil the obligations of the Debtor under the Credit Facility up to the
maximum amount (including principal, interest, fees, reasonable legal and out-of-pocket expenses incurred by the Bank in connection with the enforcement of this Guarantee as
well as any amounts payable pursuant to § 3 hereunder) of USD 110'000'000.- (in words: one hundred and ten million United States Dollars only). 

§ 3 

        The
Guarantor hereby expressly undertakes and secures that payments under this Guarantee will not be less than as stipulated in the Credit Facility. In implementation of this undertaking
and in case withholding taxes are imposed in respect of payments made under this Guarantee, the Guarantor undertakes, as a separate and independent obligation, to pay an increased amount so that the
net payments received by the Bank shall be equal to the amounts actually owed by the Debtor under the Credit Facility. 

§ 4

        To
determine the amount of obligations of the Debtor, a statement of the Bank signed by authorized representatives shall be conclusive, unless the contrary shall be proven. 

§ 5 

        This
Guarantee enters into immediate effect and shall be valid until the Bank receives from the Guarantor a written notice discontinuing the Guarantee. Notwithstanding such notice, the
Guarantor's liability under the Guarantee shall continue in effect with respect to all sums due under the Credit Facility at the moment of receipt of such a notice by the Bank. 

-1-

 

        Notwithstanding
the above, the term of this Guarantee is limited up to thirty days after repayment of all sums due under the Credit Facility granted to the Debtor. After expiration of
this Guarantee the Bank shall return this document to the Guarantor without prior notice to be given by the Guarantor. 

§ 6

        In
the event of the Guarantor paying to the Bank, in compliance with this Guarantee, any sums due to the Bank against the Credit Facility by the Debtor, the Bank undertakes to assign to
the Guarantor all its rights against the Debtor with respect to such sums due covered by the Guarantor's payment to the Bank (in compliance with Art. 507 of the Swiss Code of Obligations). 

§ 7

        This
Guarantee shall be governed by and construed in accordance with Swiss law. 

        This
Guarantee is qualified as a joint and several guarantee ("Solidarbürgschaft", "cautionnement
solidaire") according to the Articles 496 ff. of the Swiss Code of Obligations. The present Guarantee supersedes the one issued by Novartis AG, Basel/Switzerland on
February 12, 1998 amounting to USD 100'000'000.-, which will be returned by the Bank. 

§ 8 

        Any
dispute shall exclusively be settled by the ordinary courts of Basle City, subject to appeal to the Swiss Federal Court. 

Yours
sincerely, 

For
and on behalf of
 Novartis AG

	 
	 	 

	/s/  J.MARTIN MANSER      	 	/s/  P. RUPPRECHT      
	
John Martin Manser	 	
Peter Rupprecht

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QuickLinks

Exhibit 10.102

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

EXHIBIT A

DEFINITIONS

EXHIBIT B

FORM OF PROMISSORY NOTE

EXHIBIT C

JOINT AND SEVERAL GUARANTEE

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