Document:

MYL_EX10.46b_2012.12.31-10K

AMENDMENT NO. 1 TO CREDIT AGREEMENT

AMENDMENT NO. 1, dated as of December 7, 2012 (this “Amendment”), to the Credit Agreement dated as of November 14, 2011 (the “Credit Agreement”), among Mylan Inc. (the “Borrower”), the financial institutions holding Loans or Commitments thereunder from time to time, Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders, and the other agents and parties named therein.  Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 
WHEREAS, the Borrower desires that certain amendments (the “Proposed Amendments”) be made to the Credit Agreement;
WHEREAS, Section 9.02 of the Credit Agreement permits the Proposed Amendments to become effective with the consent of the Borrower and the Required Lenders;
WHEREAS, the Required Lenders are willing to consent to the Proposed Amendments;
NOW, THEREFORE, in consideration of the premises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
Section 1.    Amendment to Credit Agreement.  Section 6.02(x) of the Credit Agreement is, as of the Amendment Effective Date (as defined below), hereby deleted and replaced in its entirety with the following: 
“(x) Liens on the Collateral of the Loan Parties securing Indebtedness of the Loan Parties permitted by (A) Section 6.01(x) or (y) or (B) to the extent such Indebtedness was incurred during a Collateral Suspension Period, any other provision of Section 6.01 (it being understood that Indebtedness described in this subclause (B) need not be secured at the time such Indebtedness is incurred but may only be secured by Liens on the Collateral while the Obligations are secured by Liens on such Collateral) so long as, in each case, the holders of such Indebtedness, or a trustee or agent acting on their behalf, are parties to the Second Lien Intercreditor Agreement or, in the case of Indebtedness permitted by Section 6.01(y) or Indebtedness incurred during a Collateral Suspension Period, the First Lien Intercreditor Agreement;” 

Section 2.    Representations and Warranties, No Default.  The Borrower hereby represents and warrants that:
(a)    the representations and warranties of the Borrower set forth in the Credit Agreement and the other Loan Documents are true and correct in all material respects (except that any representation and warranty that is qualified by materiality is true and correct in all respects) on and as of the Amendment Effective Date, except where any representation and warranty is expressly made as of a specific earlier date, such representation and warranty was true in all material respects as of any such earlier date; and
(b)    at the time of and after giving effect to this Amendment, no Default has occurred and is continuing.

-2-

Section 3.    Conditions to Effectiveness.  This Amendment will become effective (the “Amendment Effective Date”) when, and only when, each of the following conditions precedent shall have been satisfied or waived:
(a)    the Administrative Agent shall have received executed signature pages hereto from Lenders constituting the Required Lenders, the Borrower and the Administrative Agent; and
(b)    the Administrative Agent shall have received an officer’s certificate of the Borrower to the effect that the representations and warranties set forth in Section 2 are true and correct.
Section 4.    Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof.
Section 5.    Expenses.  The Borrower agrees to pay all reasonable costs and expenses of the Administrative Agent in connection with the preparation, execution and delivery of this Amendment and the other instruments and documents to be delivered hereunder, if any (including, without limitation, the reasonable fees and expenses of Cahill Gordon & Reindel LLP, counsel for the Administrative Agent) in accordance with the terms of Section 9.03 of the Credit Agreement.
Section 6.    Applicable Law.  THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK (WITHOUT REGARD TO THE CONFLICT OF LAW PRINCIPLES THEREOF TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY).
Section 7.    Headings.  The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.
Section 8.    Effect of Amendment.  Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Administrative Agent under the Credit Agreement or any other Loan Documents, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of either such agreement or any other Loan Documents, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  

    

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to be duly executed by their respective authorized officers as of the day and year first above written.
MYLAN INC.
By:   /s/ Brian Byala                                                   
Name:        Brian Byala
Title:    Senior Vice President and Treasurer    

BANK OF AMERICA, N.A., individually as a Lender and as Administrative Agent
By:  /s/ Robert LaPorte                                                   
Name:        Robert LaPorte
Title:    Vice PresidentBAC-12.31.2012-10K EX. 10 (a)

Exhibit 10 (a)

SECOND AMENDMENT
TO THE 
BANK OF AMERICA PENSION RESTORATION PLAN
(AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2009)

Instrument of Amendment

THIS INSTRUMENT OF AMENDMENT (the “Instrument”) is executed by BANK OF AMERICA CORPORATION, a Delaware corporation with its principal office and place of business in Charlotte, North Carolina (the “Company”).

Statement of Purpose
By this Instrument, the Company is amending the Bank of America Pension Restoration Plan (Amended and Restated Effective January 1, 2009) (the “Plan”) to reflect relevant changes resulting from the freeze of The Bank of America Pension Plan.   The Company has reserved the right in Section 4.1 of the Plan to amend the Plan in whole or in part, on its own behalf and on behalf of its affiliated companies that participate in the Plan.
NOW, THEREFORE, the Company hereby amends the Plan effective as of June 30, 2012:
1.    Section 1.14 of the Plan is hereby amended to read in its entirety as follows:
“1.14    Delink Calculation Date
The date determined by the Global Human Resources Group that is not more than 75 days after the Participant's Termination of Employment; provided, however, that with respect to a Participant who is an Employee on October 1, 2012, the Delink Calculation Date is a date determined by the Global Human Resources Group that is not later than April 30, 2013.”

2.    Section 1.25 of the Plan is hereby amended to read in its entirety as follows:
“1.25    Restoration Credit

The amount credited to a Participant's Restoration Account pursuant to Section 2.2(b).”

3.    The title to Section 2.2(b)(ii) is hereby amended to read “Amount of Restoration Credits for Plan Years before 2012:”.

4.    A new paragraph (iii) is hereby added to Section 2.2(b) of the Plan to read in its entirety as follows:
		
	“(iii)
	Amount of Restoration Credits for 2012:  The Restoration Account of each Participant shall be credited with a Restoration Credit for 2012, the amount of which shall be equal to the lesser of Amount A or Amount B, where:

		
	(A)
	Amount A equals the amount of Restoration Credits described in paragraph (ii) of this subsection but based only on the compensation credits that would have been allocated to the Participant's 'account' under the Basic Plan if amounts described in clauses (ii), (iii) and (iv) of paragraph (ii) of this subsection included only such amounts paid before July 1, 2012; and

		
	(B)
	Amount B equals the compensation credits that would have been allocated to the Participant's account based on the excess of $250,000 over (I) 'compensation' under the Basic Plan through June 30, 2012 and (II) 'ACC-eligible compensation' from July 1, 2012 through December 31, 2012 under the Savings Plan; provided, however, that, if a Participant has a Termination of Employment in 2012 after June 30, 2012, the 'ACC-eligible compensation' described in clause II of this subparagraph shall be considered in determining the Participant's Restoration Credit for 2012 only if the Participant's Termination of Employment (i) occurs when the Participant meets the requirements for Rule of 60, (ii) is because of an involuntary termination of employment by an Affiliated Group Member that entitles the Participant to severance pay under the Bank of America Corporate Severance Program, (iii) is in connection with a divestiture by the Company or any Affiliated Group Member, or (iv) is a result of the Participant's death.”

5.    Section 2.3(d)(i) of the Plan is hereby amended to read in its entirety as follows:
		
	“(i)
	Any portion of a Legacy West Participant's Restoration Account attributable to benefits accruing before July 1, 1985 is not directable and is not subject to the rules regarding Restoration Account adjustments described in subsections (a) and (b) of this Section, but shall instead be credited with interest at the rate described in subparagraphs (A) and (B) of this Paragraph as follows:

2

		
	(A)
	a rate of 11% until the earlier of the Legacy West Participant's Delink Calculation Date or June 30, 2012; and

		
	(B)
	For a Legacy West Participant with a Delink Calculation Date after June 30, 2012, a rate of 8% for periods after June 30, 2012 until the Legacy West Participant's Delink Calculation Date.”

6.    A new paragraph (v) is hereby added to Section 2.4(c) to read in its entirety as follows:
		
	“(v)
	For purposes of determining Amount A in paragraph (i) of this subsection and notwithstanding any provision of this Section or the Plan to the contrary, no compensation paid after June 30, 2012 shall be taken into account.”

IN WITNESS WHEREOF, Bank of America Corporation, on behalf of all of the Participating Employers, has caused this Instrument to be duly executed on the 29 day of June, 2012.
BANK OF AMERICA CORPORATION

By: /s/ Mark S. Behnke            
Mark S. Behnke
Global Compensation, Benefits and 
Shared Services Executive

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}]]