Document:

Exhibit

Exhibit 10.1

Assignment and Assumption of Indemnification Agreement

AGREEMENT, effective as of          , among The Walt Disney Company, a Delaware corporation (“TWDC”), TWDC Enterprises 18 Corp, a Delaware corporation (formerly known as The Walt Disney Company) (“Old Disney”) and                      (the “Indemnitee”). 
WHEREAS, Old Disney and Indemnitee are parties to that certain Indemnification Agreement dated as of                  (the “Indemnification Agreement”);
WHEREAS, in connection with the acquisition of Twenty-First Century Fox, Inc. and certain of its subsidiaries (the “21CF Acquisition”), Old Disney became a wholly owned subsidiary of TWDC;       
WHEREAS, following the 21CF Acquisition, Indemnitee is a director and/or officer of TWDC; 
WHEREAS, the Indemnification Agreement contemplates it will be assigned and assumed by a successor to Old Disney under certain circumstances; 
WHEREAS, the parties hereto desire to cause the rights and obligations of Old Disney pursuant to the Indemnification Agreement to be assigned to TWDC; and
WHEREAS, the parties hereto desire to confirm that the 21CF Acquisition did not constitute an occurrence of a “Change in Control” or “Potential Change in Control” (each as defined in the Indemnification Agreement) pursuant to the Indemnification Agreement.
NOW, THEREFORE, in consideration of the premises and of Indemnitee continuing to provide services to TWDC directly or, at its request, another enterprise, and intending to be legally bound hereby, the parties hereto agree as follows:
1.    Assignment.  Old Disney hereby assigns, and TWDC hereby assumes, Old Disney’s rights and obligations pursuant to the Indemnification Agreement.  TWDC agrees to perform the Indemnification Agreement in the same manner and to the same extent that Old Disney would have been required to perform the Indemnification Agreement if such assignment had not taken place. 
2.    No Change in Control.  The parties hereto hereby acknowledge and agree that no Change in Control or Potential Change in Control occurred in connection with the 21CF Acquisition and the transactions related thereto.  
3.    Amendments, Etc.  No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by the parties hereto.  No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.
4.    Binding Effect, Etc.  This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, assigns, including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of TWDC, spouses, heirs, and personal and legal representatives.  

5.    Severability.  The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law.  Furthermore, to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of this Agreement containing any provision held to be invalid, void or otherwise unenforceable, which is not itself invalid, void or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable.
6.    Governing Law.  This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed in such state without giving effect to the principles of conflicts of laws.
[SIGNATURE PAGE FOLLOWS]

IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of the date first set forth above.
	
		
	THE WALT DISNEY COMPANY

	 
	 

	 
	 

	By:
	 

	 
	 

	 
	 

	 
	 

	TWDC ENTERPRISES 18 CORP.

	 
	 

	 
	 

	By:
	 

	 
	 

	 
	 

	 
	 

	 
	 

	 
	[Indemnitee name]Exhibit

THIRD AMENDMENT TO  
LOAN AND SECURITY AGREEMENT
This THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into as of June 14, 2019, by and among OXFORD FINANCE LLC (“Oxford”) as collateral agent (in such capacity, “Collateral Agent”), the Lenders listed on Schedule 1.1 of the Loan Agreement or otherwise a party thereto from time to time including, without limitation, Oxford in its capacity as a Lender, and SILICON VALLEY BANK (in such capacity, each a “Lender” and collectively, “Lenders”), and HALOZYME THERAPEUTICS, INC., a Delaware corporation (“Parent”), and HALOZYME, INC., a California corporation (“Halozyme” and together with Parent, individually and collectively, jointly and severally, “Borrower”).
RECITALS
A.Collateral Agent, Lenders and Borrower have entered into that certain Loan and Security Agreement dated as of June 7, 2016 (as amended by that certain Consent, Release, and First Amendment to Loan and Security Agreement, dated as of December 21, 2016, and that certain Consent, Release, and Second Amendment to Loan and Security Agreement, dated as of November 21, 2017, and as may from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”).  Lenders have extended credit to Borrower for the purposes permitted in the Loan Agreement.
B.    Borrower, the Lenders and Collateral Agent desire to amend certain provisions of the Loan Agreement, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:
1.Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement.
2.    Clause (k) of the definition of “Permitted Indebtedness” in Section 13.1(Definitions) is amended in its entirety and replaced with the following:
“(k)    unsecured Indebtedness in respect of corporate credit card programs (including American Express®, Visa® and MasterCard® products) in an aggregate principal amount not to exceed Two Million Dollars ($2,000,000) in the aggregate at any time;”

3.    Limitation of Amendment.
3.1    The amendment set forth in Section 2, above, is effective for the purposes set forth herein and shall be limited precisely as written and shall not be deemed to (A) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (A) otherwise prejudice any right or remedy which Collateral Agent or any Lender may now have or may have in the future under or in connection with any Loan Document.
3.2    This Amendment shall be construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect.
4.    Representations and Warranties.  To induce Collateral Agent and Lenders to enter into this Amendment, Borrower hereby represents and warrants to Collateral Agent and Lenders as follows:
4.1    Immediately after giving effect to this Amendment (A) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct in all material respects as of such date), and (A) no Event of Default has occurred and is continuing;
4.2    Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment;
4.3    The organizational documents of Borrower most recently delivered to Collateral Agent and Lenders are true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect;
4.4    The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized;
4.5    The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment do not and will not contravene (A) any material Requirement of Law binding on or affecting Borrower, (A) any material agreement by which Borrower is bound in a manner that constitutes an event of default thereunder, (A) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (A) the organizational documents of Borrower;
4.6    The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, 

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or subdivision thereof, binding on Borrower, except as already has been obtained or made or is being obtained pursuant to Section 6.1(b) of the Loan Agreement; and
4.7    This Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights.
5.    Counterparts.  This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of an executed counterpart of this Amendment by facsimile or electronic mail shall be equally as effective as delivery of an original executed counterpart of this Amendment.
6.    Effectiveness.  This Amendment shall be deemed effective upon the due execution and delivery to Collateral Agent and Lenders of this Amendment.
7.    Governing Law.  This Amendment and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the State of California.
[Balance of Page Intentionally Left Blank]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.
	
		
	COLLATERAL AGENT:
OXFORD FINANCE LLC
By:   /s/ Colette H. Featherly
Name:   Colette H. Featherly
Title:   Senior Vice President
	BORROWER:
HALOZYME THERAPEUTICS, INC.
By:   /s/ Laurie Stelzer
Name:   Laurie Stelzer
Title:   Senior Vice President, CFO

	LENDERS:
OXFORD FINANCE LLC
By:   /s/ Colette H. Featherly
Name:   Colette H. Featherly
Title:   Senior Vice President
	HALOZYME, INC.
By:   /s/ Laurie Stelzer
Name:   Laurie Stelzer
Title:   Senior Vice President, CFO

	SILICON VALLEY BANK
By:   /s/ Kristine Rohmer
Name:   Kristine Rohmer
Title:   Vice President
	 

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